July 11, 2017 9:08 am
On July 9th Tesla Incs Chief Executive, Elon Musk, published on Twitter pictures of the first Model 3 sedan to come off the assembly line. Musk also tweeted that board member Ira Ehrenpreis had been the first to make a $1 000 deposit on the Model 3, while gifting the vehicle to Teslas CEO for […]
Read moreJuly 11, 2017 7:58 am
According to a post by the Financial Times, citing Morningstar data, an estimated $26.7 billion have been pulled by investors from Goldman Sachs Asset Management’s mutual funds so far this year. This ranked Goldman Sachs as the worst-selling fund manager worldwide. Goldman Sachs shares closed higher for the third time in the past five trading […]
Read moreJuly 10, 2017 9:15 am
The number of Amazon Prime members in the United States had expanded to 85 million, the latest report by Consumer Intelligence Research Partners showed. That figure represents approximately 63% of all local users on the site. Amazon shares closed higher for the second time in the past six trading sessions on Friday. The stock went […]
Read moreJuly 10, 2017 7:48 am
According to a July 7th statement by the US Department of Defense, Lockheed Martin Corporation (LMT) received an interim payment of $5.6 billion in order to fund the 11th set of 141 F-35 aircraft, which are to be supplied to the United States and its allies. This way Lockheed is enabled to continue with its […]
Read moreJuly 7, 2017 9:52 am
As reported by CNBC, Microsoft Corporation (MSFT) intends to reduce its workforce by 3 000, with the majority of cuts expected to occur in sales, due to restructuring efforts and a shift of the tech companys focus towards the Azure cloud platform. Microsoft shares closed lower for the fifth time in the past eight trading […]
Read moreJuly 7, 2017 7:40 am
According to a July 6th filing by American International Group Inc (AIG), its new global Chief Operating Officer, Peter Zaffino, is to receive $15 million as a sign-on bonus and a base salary of $1.25 million per year. The sign-on bonus includes options to purchase 1 million shares of AIGs stock. AIG shares closed higher […]
Read moreJuly 6, 2017 9:31 am
Delta Air Lines Inc (DAL) now projects that its second-quarter passenger unit revenue will be close to the upper end of its forecast, due to rising revenues. The carrier also revised up the lower end of its second-quarter forecast for operating margin from 17% to 18%. At the same time, the upper end of that […]
Read moreJuly 6, 2017 7:22 am
As reported by Seeking Alpha, early Prime Day access has been granted by Amazon.com Inc (AMZN) to clients shopping via Echo devices with the help of the Alexa voice assistant. Although Prime Day officially begins at 9 PM on July 10th, Echo owners were enabled to take advantage of special offers on July 5th. Amazon […]
Read moreJuly 5, 2017 9:10 am
German vehicle maker Volkswagen AG was reported to be considering a return to Iran after 17 years, as it prepares to begin importing cars to that market in August. Such a move could make the German company less reliant on volatile foreign markets such as Brazil and China. As of the time of writing, Volkswagens […]
Read moreJuly 5, 2017 7:36 am
Auto sales in Canada registered a new record in June, with sales by General Motors Company (GM) rising 4% from a year ago. According to a note to clients by Canadian auto analyst Dennis DesRosiers, 203 500 vehicles were sold by auto makers last month, or 6.5% more compared to June 2016. Overall performance was […]
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