June 5, 2017 9:41 am
The delivery of a third 737 MAX jet to Norwegian Air Shuttle, scheduled for the upcoming week, had been postponed due to a technical issue, Boeing Company (BA) said on June 2nd. Boeing shares registered their largest daily surge since May 22nd during the trading session on Friday. The stock went up 1.55% ($2.91) to […]
Read moreJune 5, 2017 8:29 am
According to a memo by Morgan Stanley (MS), cited by Reuters, the holding has introduced changes to its wealth management unit, involving the promotion of two key executives and the elimination of a layer of management. A spokesperson for Morgan Stanley confirmed the details contained in the document. Morgan Stanley shares closed lower for a […]
Read moreJune 2, 2017 9:44 am
According to a statement at an investor conference on June 1st by Mike Corbat, Citigroup Incs (C) Chief Executive Officer, the holdings second-quarter revenue from trading operations was “in line” with recent results by its competitors. Further details are to be provided at a presentation later in June. Citigroup shares registered their largest daily surge […]
Read moreJune 2, 2017 7:27 am
According to a statement by Wells Fargo & Company (WFC), David Carroll, the head of the groups wealth and investment management division, is to retire after 38 years of experience with the bank. Despite that his retirement is effective on July 1st, Carroll is to remain with the group until July 31st, so that a […]
Read moreJune 1, 2017 9:24 am
MetLife Incs Brighthouse Financial Inc unit, which offers life insurance and annuities to individuals, was reportedly downgraded by Fitch Ratings Inc to an A from an A+ on May 31st, as the unit revised down its capitalization and financial objectives compared to last year. MetLife shares closed lower for a third consecutive trading session on […]
Read moreJune 1, 2017 7:23 am
According to a May 31st memo to personnel, New York Times Company (NYT) offered buyouts to a contingent of its newsroom employees in an attempt to streamline editing and production systems. Shares of New York Times Company remained flat at the close of the trading session on Wednesday. The stock closed at $17.60, after touching […]
Read moreMay 31, 2017 10:21 am
On May 30th the US Federal Aviation Administration (FAA) said that a $435 000 fine could be imposed on United Continental Holdings Inc (UAL) in regard to 23 flights in 2014, which were operated by using a Boeing 787 jet in allegedly inappropriate technical condition. United Air shares registered their largest daily loss since May […]
Read moreMay 31, 2017 9:45 am
LG Display Co Ltd (LPL) was reported to be considering an investment of as much as $3.6 billion in an OLED factory in an attempt to compete with Samsung in supplying iPhone screen technology. At present, Samsung is the sole supplier of OLED technology for Apple ahead of the launch of the latest iPhone during […]
Read moreMay 30, 2017 10:08 am
Shares of International Consolidated Airlines Group, the owner of British Airways, retreated sharply in early hours of trading on Tuesday, as a massive IT failure led to flight cancellation, leaving 75 000 passengers stranded over the past weekend. IAG shares closed higher for the first time in the past six trading sessions on Friday. The […]
Read moreMay 30, 2017 6:59 am
A shortage of steering gears by Robert Bosch has disrupted production of several of BMWs compact and mid-sized vehicles and also led to stoppages at the car makers factories in China and South Africa, Reuters reported. BMW shares closed higher for the first time in the past four trading sessions on Monday. The stock edged […]
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