May 12, 2017 9:20 am
On May 11th Delta Air Lines Inc (DAL) announced that the delivery of Airbus SEs wide-body A350-900 jets would probably be delayed, which raised certain concerns over demand for these aircraft. Delta Air shares retreated for the first time in the past three trading sessions on Thursday. The stock went down 0.56% ($0.28) to $49.69, […]
Read moreMay 12, 2017 7:29 am
On May 11th Bank of America Merrill Lynch upgraded Caterpillar from ”Neutral” to ”Buy”, citing continuing acceleration in monthly retail sales, stronger earnings expectations as well as an increase in dividend this year. Caterpillar shares closed higher for a second consecutive trading session on Thursday. The stock went up 0.63% ($0.63) to $100.99, after touching […]
Read moreMay 11, 2017 9:08 am
Tribune Media Co (TRCO) reported a loss during the first quarter of 2017, due to lower advertising revenue from its TV and entertainment division as well as due to an impairment charge. Tribune Medias shares registered their largest daily loss since April 24th during Wednesdays trading session. The stock went down 0.90% ($0.38) to $41.82, […]
Read moreMay 11, 2017 7:32 am
On May 10th Time Inc cut its dividend, as the company continued with a recently announced strategic plan involving reductions in spending and a focus on digital business, which followed the publisher’s decision not to sell itself. Time Incs shares registered their largest daily loss since April 28th during Wednesdays trading session. The stock went […]
Read moreMay 10, 2017 8:58 am
According to sources with knowledge of the matter, cited by Bloomberg, Wal-Mart Stores Inc (WMT) is about to pay $300 million in order to settle a bribery probe, involving its employees in China, India and Mexico. The deal was in its final stage, the same media reported. Greg Hitt, a spokesperson for Wal-Mart, refused to […]
Read moreMay 10, 2017 7:34 am
Valeant Pharmaceuticals International Inc (VRX) revised up its full-year adjusted EBITDA projection to a range between $3.6 billion and $3.75 billion. In comparison, the companys EBITDA forecast in February had pointed to a range between $3.55 billion and $3.7 billion. Valeants US-listed shares registered their largest daily surge since November 1st 2016 during Tuesdays trading […]
Read moreMay 9, 2017 6:33 am
According to a May 8th internal memo by Goldman Sachs Group Inc, Gregg Lemkau, the bank’s M&A co-head, and Marc Nachmann, the bank’s financing group head, were appointed as co-heads of the group’s global investment banking division. A spokesperson for Goldman Sachs had acknowledged the details in the memo, Reuters reported. Goldman Sachs shares closed […]
Read moreMay 8, 2017 8:57 am
Apple Inc (AAPL) was poised to open its first store in Singapore on the city state’s prime Orchard Road shopping boulevard, Reuters reported. The tech company has already expanded its presence in the Asian Pacific area, with its retail stores being located in Japan, China, Hong Kong, Australia and Macau. Apple shares registered their largest […]
Read moreMay 5, 2017 9:28 am
According to announcements by the Italian tax authority and Alphabet Inc (GOOGL), Google is to pay 306 million euros for settling a tax dispute with the South European country. In 2016, the Italian tax office claimed that Google had avoided tax on approximately EUR 1 billion of Italian revenue, generated within the period 2009-2013. Alphabet […]
Read moreMay 5, 2017 6:47 am
According to a May 4th statement by Starbucks Corporation (SBUX), the retailers loyalty rewards program at grocery stores is to include a wider range of products in an attempt to lure more customers in the United States. The decision comes after a customer backlash, when the coffee chain reviewed its existing rewards program in 2016. […]
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