May 29, 2017 9:19 am
Apple Inc (AAPL) was reported to be focusing efforts on the development of a processor, also known as Apple Neural Engine, which would be dedicated particularly to AI-related tasks. Apple shares closed lower for a third time in the past seven trading sessions on Friday. The stock edged down 0.17% ($0.26) to $153.61, with the […]
Read moreMay 29, 2017 7:28 am
According to a May 26th statement by General Motors Company (GM), proxy adviser Glass Lewis & Co LLC said that GM’s shareholders should vote for board nominees at the auto maker’s annual meeting next month. On the other hand, shareholders should not support Greenlight Capitals proposal, according to the adviser firm. General Motors shares registered […]
Read moreMay 26, 2017 9:10 am
Shares of WideOpenWest Inc retreated almost 3% during their debut in New York on May 25th. The company, based in Englewood, Colorado, was the first telecom entity to become publicly traded in 2017, Renaissance Capital, a firm managing IPO-focused exchange traded funds, said. Shares fell 2.94% ($0.50) to close at $16.50 on Thursday, after touching […]
Read moreMay 26, 2017 7:13 am
According to sources with knowledge of the matter, Wells Fargo & Company (WFC) intends to offer more enticing recruitment bonuses to financial advisers at a time when its rivals already revealed plans to slash their recruiting budgets. Wells Fargo Advisors, the holdings wealth management division, was to boost recruiting offers by 50%, the sources, who […]
Read moreMay 25, 2017 9:05 am
HP Inc’s (HPQ) total revenue was reported to have increased 6.9% year-on-year during the second quarter of fiscal year 2017, exceeding Wall Street estimates and supported by robust revenue growth from the companys PC business. HP shares closed higher on Wednesday, while marking their third gain in the past six trading sessions. The stock edged […]
Read moreMay 25, 2017 7:18 am
On May 24th Lowe’s Companies Inc (LOW) reported lower-than-anticipated first-quarter comparable sales. Lowe’s Companies Inc shares registered their largest daily slump since October 25th 2016 on Wednesday, while also marking their third consecutive session of losses. The stock went down 3.02% ($2.49) to $79.85, after touching an intraday low at $78.40, or a price level […]
Read moreMay 24, 2017 11:56 am
According to David Nason, Chief Executive of GE Energy Financial, the unit intends to invest $3 billion in 2017, with at least half of that amount being planned for solar, wind and other renewable energy projects on a global scale. General Electric shares closed higher for a fourth consecutive trading session on Tuesday. The stock […]
Read moreMay 23, 2017 7:50 am
On May 22nd, at Morgan Stanleys annual meeting in New York the CEO compensation plan received the approval of more than 90% of the shareholder votes. James Gorman, the holdings Chief Executive, received $22.5 million in total compensation in 2016, or 7% more compared to the preceding year. Morgan Stanley shares closed lower for the […]
Read moreMay 22, 2017 9:35 am
According to a May 20th statement by General Electric Company (GE), business deals worth $15 billion have been signed with Saudi Arabia as part of the Mid-Eastern countrys effort to achieve economic diversification. General Electric shares registered their largest daily surge since March 10th during Friday’s trading session. The stock went up 2.07% ($0.57) to […]
Read moreMay 22, 2017 7:11 am
On May 19th Ford Motor Company (F) revealed intentions to invest $350 million in the upgrade of its Livonia transmission plant located in Michigan in an attempt to extend its powertrain lineup. According to the second-largest US auto maker, employment at that plant has increased to 1 800 from 1 550 in 2016. However, Ford […]
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