June 13, 2017 9:07 am
According to a post by the Wall Street Journal, Facebook Inc (FB) is establishing a feature that has long been awaited by news publishers – the opportunity for a direct subscription to publishers from the companys application. Facebook shares closed lower for a second consecutive trading session on Monday. The stock went down 0.78% ($1.16) […]
Read moreJune 13, 2017 7:17 am
Shares of Apple Inc (AAPL) retreated more than 2% at the close yesterday, after losing almost 3.5% at some point during the session, as investors supposed a peak had been reached. At the same time, Mizuho investment bank downgraded the stock and also revised down its price target. Apple shares closed lower for a third […]
Read moreJune 12, 2017 9:35 am
As reported by the Iranian state news agency IRNA, Aseman Airlines has signed a final agreement with Boeing Company in Tehran on June 10th to purchase 30 737 MAX jets. A tentative deal between the two companies had been signed in April. Boeing shares closed higher for a third consecutive trading session on Friday. The […]
Read moreJune 12, 2017 7:23 am
On June 9th BlackRock Inc (BLK) has reportedly said that Exxon Mobil Corp should “enhance its disclosures” in regard to climate change-associated risks. The asset management firm is Exxons third largest investor holding a stake of more than 4%. BlackRock shares closed higher for a second straight trading session on Friday. The stock went up […]
Read moreJune 9, 2017 11:17 am
The sale of Yahoo! Incs (YHOO) core Internet operating business to Verizon has been approved by the companys shareholders. The deal is expected to be finalized later this month. Yahoo shares registered their largest daily surge in more than a year during the trading session on Thursday. The stock went up 10.21% ($5.16) to $55.71, […]
Read moreJune 9, 2017 7:33 am
The sale of General Motors European arm, Opel, to PSA Group could be finalized as early as July 31st. It was in March, when both entities already said that the deal might be completed by the end of this year. General Motors shares closed lower for a third consecutive trading session on Thursday. The stock […]
Read moreJune 8, 2017 9:28 am
According to a source with knowledge of the matter, a 7.8 billion-euro fund with a focus on commercial real estates in Europe has been closed by the Blackstone Group LP (BX). The fund was to follow an “opportunistic” strategy, or operating with higher-risk properties which require fixing or repositioning, the person said. Blackstone shares closed […]
Read moreJune 8, 2017 7:29 am
According to a press release by Ford Motor Company (F), the two-week summer shutdown at its plant in Louisville is to be shortened, because of sound demand for models such as Ford Escape and Lincoln MKC. Ford shares closed lower for a fourth consecutive trading session on Wednesday. The stock went down 0.45% ($0.05) to […]
Read moreJune 7, 2017 10:13 am
Goldman Sachs consumer division, Goldman Sachs Bank USA, will reportedly raise the offered rate on deposits to 1.2% on June 7th in an attempt to lure Main Street clients. This way the bank would offer slightly better deposit terms in comparison with competitors such as Synchrony Bank, New York Community Banks My Banking Direct and […]
Read moreJune 7, 2017 7:03 am
At an investor meeting on June 6th, Macy’s Chief Financial Officer Karen Hoguet said that the gross margin could be 60 to 80 basis points lower in 2017 compared to a year ago, which led to a steep retreat to a five-year trough of the companys stock and mounted selling pressure on other retail shares […]
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