February 19, 2019 8:48 am
According to a report by Reuters, a jury in Alabama awarded $151.8 million to Travaris Smith, a young man who remained paralyzed as a result of a rollover accident in 2015, which involved a Ford Explorer sport-utility vehicle. The jury found on Friday that the 1998 Explorer failed to meet Fords own safety guidelines, while […]
Read moreFebruary 18, 2019 10:44 am
The greatest strategic mistake Apple Inc has made since Tim Cook took the helm at the tech company is not acquiring Netflix, Daniel Ives, managing director of equity research at Wedbush, said for CNBC on Friday. Apple shares closed lower for the fifth time in the past thirteen trading sessions on NASDAQ on Friday. The […]
Read moreFebruary 18, 2019 8:14 am
According to a statement by Citigroup Inc on Friday, Chief Executive Officer Michael Corbat is to receive $24 million as total compensation for 2018, or a 4.35% increase compared to 2017. Members of the board took into account the group’s earning operating performance as well as market levels of pay, when they decided on the […]
Read moreFebruary 15, 2019 9:22 am
Austria’s competition authority announced on Thursday that an investigation had been embarked on into whether Amazon.com Inc (AMZN) was exploiting its leading market positions against retailers that make use of its website as a marketplace. The announcement comes after a similar decision by German regulatory authorities, which said in November a probe had been launched […]
Read moreFebruary 14, 2019 10:29 am
Johnson & Johnson (JNJ) announced on Wednesday that it intended to acquire Auris Health Inc, a privately held surgical robotics company, in an all-cash deal valued at about $3.4 billion. Johnson & Johnson also said that it would pay additional $2.35 billion, in case Auris reaches particular milestones. However, the company did not provide details. […]
Read moreFebruary 14, 2019 8:23 am
According to a report by The Times earlier this week, British Prime Minister Theresa May has been informed by Ford Motor Company (F) during a private call with business leaders that the US auto maker is accelerating preparations to relocate production from Britain to alternative sites abroad. In January, Ford said that in case Britain […]
Read moreFebruary 13, 2019 10:49 am
Under Armour Incs (UAA) fourth-quarter revenue, reported on Tuesday, outstripped Wall Street estimates, as the athletic apparel maker sold fewer products at a discount and more items at full price during the holiday shopping season. Under Armour shares closed higher for a third consecutive trading session in New York on Tuesday. It has also been […]
Read moreFebruary 13, 2019 8:25 am
According to a statement by Goldman Sachs Group’s Chief Executive Officer David Solomon on Tuesday, the Wall Street bank strives to expand its mid-sized corporate clientèle over the upcoming several years. Goldman Sachs shares closed higher for the fifth time in the past twelve trading sessions in New York on Tuesday. It has also been […]
Read moreFebruary 12, 2019 10:29 am
J.P. Morgan raised on Monday its price target on Boeing Co (BA) from $425 to $450, as it highlighted an improved free cash flow outlook. At the same time, the bank reiterated its “Overweight” rating on the plane makers stock. Boeing shares closed lower for a third consecutive trading session in New York on Monday. […]
Read moreFebruary 12, 2019 8:15 am
Yesterday Bernstein downgraded NVIDIA Corporation (NVDA) from “Outperform” to “Market Perform”, citing severe challenges to growth for the technological company and prospects of continuously rising “headline risk”. Bernstein has assigned a price target of $175 on the stock. NVIDIA shares closed lower for the fourth time in the past fourteen trading sessions on NASDAQ on […]
Read more