June 19, 2017 9:09 am
According to executives from Boeing and Rolls-Royce, no delays or cancellations of jet orders have so far been registered as a result of recent instability in the Middle East. Travel demand in the region has been pressured by a dispute between Qatar and neighboring Gulf countries in regard to presumptive ties to terrorism. Qatar, however, […]
Read moreJune 19, 2017 7:36 am
According to a June 16th statement by General Motors Company (GM), a manufacturing facility for suppliers is to be opened at the company’s assembly plant in Arlington, Texas. As a result, over 850 new job positions are expected to be created. General Motors shares closed lower for a second consecutive trading session on Friday. It […]
Read moreJune 16, 2017 8:58 am
Twitter Inc (TWTR) has reportedly introduced changes to design of its products, as the company aims at speed and simplicity. Changes are to affect Twitter.com, TweetDeck, Twitter Lite as well as the companys applications for iOS/Android during the “coming days and weeks.” Twitter shares closed higher for a third time in the past ten trading […]
Read moreJune 16, 2017 7:23 am
According to persons with knowledge of the matter, Goldman Sachs Group Inc (GS) has raised over $7 billion for a fund with a focus on secondhand stake purchases in private equity funds. A spokesperson for Goldman Sachs refused to comment on the situation. Goldman Sachs shares closed lower for a second time in the past […]
Read moreJune 15, 2017 9:36 am
China Aircraft Leasing Group Holdings Ltd was reported to be considering the purchase of 50 737MAX jets from Boeing Company (BA) at a total list price of $5.8 billion, so that it could meet demand for more efficient aircraft. Boeing shares closed higher for a second consecutive trading session on Wednesday. The stock went up […]
Read moreJune 15, 2017 7:18 am
Bank of America Corporation (BAC) has reportedly initiated layoffs in its operations and technology division, as the holding continues with its cost-cutting plan aimed at achieving CEO Brian Moynihans financial objectives. Many of the job cuts within the unit came from the banks Charlotte, N.C., headquarters, according to a spokesperson, who, however, did not provide […]
Read moreJune 14, 2017 9:51 am
According to an internal memo to employees, Time Inc (TIME) intends to reduce its workforce by 300 positions (4%) via layoffs and buyouts. Time Incs shares closed higher for a seventh consecutive trading session on Tuesday. The stock edged up 0.36% ($0.05) to $13.95, after touching an intraday high at $14.10, or a price level […]
Read moreJune 14, 2017 7:17 am
The acquisition of Yahoo! Incs core business by Verizon Communications Inc for $4.48 billion was finalized yesterday, while Yahoos Chief Executive Officer Marissa Mayer stepped down. This way the tech company, once valued at over $100 billion, was no longer a stand-alone internet entity. Yahoo shares closed lower for a third consecutive trading session on […]
Read moreJune 13, 2017 9:07 am
According to a post by the Wall Street Journal, Facebook Inc (FB) is establishing a feature that has long been awaited by news publishers – the opportunity for a direct subscription to publishers from the companys application. Facebook shares closed lower for a second consecutive trading session on Monday. The stock went down 0.78% ($1.16) […]
Read moreJune 13, 2017 7:17 am
Shares of Apple Inc (AAPL) retreated more than 2% at the close yesterday, after losing almost 3.5% at some point during the session, as investors supposed a peak had been reached. At the same time, Mizuho investment bank downgraded the stock and also revised down its price target. Apple shares closed lower for a third […]
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