April 27, 2017 7:03 am
Twitter shares recorded their best daily performance in seven months yesterday, as the companys first-quarter earnings outstripped market expectations, driven by a strong active monthly user growth. Twitter shares registered their largest daily surge since September 23rd 2016 during Wednesdays trading session. The stock went up 7.91% ($1.16) to $15.82, after touching an intraday high […]
Read moreApril 26, 2017 9:07 am
On April 25th Caterpillar Inc (CAT) reported significantly better-than-anticipated earnings for the latest quarter, with one of the major contributing factors being its cost-cutting and restructuring efforts, according to a press release. Caterpillar shares registered their largest daily surge in more than three years on Tuesday, while also marking a second consecutive session of gains. […]
Read moreApril 26, 2017 7:01 am
Lockheed Martin Corporation’s (LMT) total sales grew 6.6% during the latest quarter, supported by an 8% sales increase in its aeronautics division. Lockheed Martin shares registered their largest daily loss since December 12th 2016 during Tuesday’s trading session. The stock went down 2.24% ($6.19) to $270.02, after touching an intraday low at $267.68, or a […]
Read moreApril 25, 2017 8:47 am
According to a statement by Wal-Mart Stores Inc (WMT), the retailers recently established startup investment arm, known as Store No 8, has appointed Jenny Fleiss as the CEO of its first portfolio company. She co-founded and previously served as head of business development of the designer fashion rental firm Rent the Runway. Wal-Mart shares closed […]
Read moreApril 24, 2017 9:23 am
Shares of General Electric Company (GE) retreated sharply on Friday, in spite of better-than-anticipated quarterly sales and adjusted earnings, as concerns over the companys cash outflow weighed. General Electric shares registered their largest daily loss since January 23rd on Friday, which also marked the first drop in the past five trading sessions. The stock went […]
Read moreApril 24, 2017 7:19 am
On April 22nd American Airlines Group (AAL) apologized to a passenger, following a video, featuring an on-board clash over a baby stroller. As a result, the flight attendant, who was involved in the incident, has been suspended. American Airlines shares closed lower on Friday, while also marking their third loss in the past twelve trading […]
Read moreApril 21, 2017 9:21 am
On April 21st the court in Australia dismissed an appeal by Chevron Corporation (CVX) against the Australian tax office, which was related to a tax bill of AUD 340 million, including penalties and interest. The case covered tax years from 2004 through 2008. Chevron shares closed higher on Thursday, while also marking their largest daily […]
Read moreApril 21, 2017 7:30 am
According to an April 20th regulatory filing, total compensation for Doug McMillon, Chief Executive Officer of Wal-Mart Stores Inc (WMT), rose 13% to $22.4 million during the fiscal year ended on January 31st amid strong sales growth. Wal-Mart shares closed higher for a fourth straight trading session on Thursday, while also marking their largest daily […]
Read moreApril 20, 2017 9:42 am
According to a statement by United Continental Holdings Inc (UAL) on April 19th, the carrier intends to testify at the US House Transportation Committee hearing on commercial airline consumer issues, following the April 9th incident with a passenger in Chicago. However, no specific date for the hearing has so far been disclosed. United Air shares […]
Read moreApril 20, 2017 7:12 am
According to an April 19th statement by General Motors Company (GM), its plant located in the Valencia industrial hub has been illegally seized by Venezuelan authorities. GM said that such a move could inflict irreparable damage to the company, the 2 678 workers at the plant, the 79 dealers it has as well as to […]
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