February 8, 2019 8:17 am
According to a statement by BB&T Corporation (BBT) on Thursday, it intends to acquire SunTrust Banks Inc in an all-stock deal valued at $28.24 billion, which as a result, would create the sixth largest bank in the United States in terms of assets and deposits. The deal is expected to be finalized during the fourth […]
Read moreFebruary 7, 2019 9:06 am
General Motors Companys (GM) fourth-quarter earnings, reported on Wednesday, outstripped Wall Street estimates due to strong sales of high-margin pickup trucks and crossovers in the United States coupled with cost-reduction efforts. The auto maker also kept its full-year 2019 profit forecast unchanged. General Motors shares closed higher for a third consecutive trading session in New […]
Read moreFebruary 6, 2019 11:10 am
Boeing Co (BA) announced on Tuesday a “significant investment” in Aerion, a supersonic business jet developer, amid rising demand for high-end aircraft. Financial details of the agreement, however, were not disclosed. Boeing shares closed higher for a third consecutive trading session in New York on Tuesday. It has also been the sharpest daily surge since […]
Read moreFebruary 6, 2019 8:18 am
Apple Inc (AAPL) announced on Tuesday that it had reached an agreement with French authorities to pay an undisclosed amount of back-dated tax. According to a number of reports by the French media, the amount agreed upon is around EUR 500 million. Apple shares closed higher for a fifth consecutive trading session on NASDAQ on […]
Read moreFebruary 5, 2019 10:13 am
According to a report by Reuters on Monday, Tesla Inc (TSLA) intends to acquire Maxwell Technologies Inc in an all-stock deal valued at $218 million, as the US electric car maker seeks to enhance its battery technology. Teslas proposal gives each Maxwell share a value of $4.75. Maxwells board has already approved the deal, which […]
Read moreFebruary 5, 2019 8:27 am
According to a statement by Goldman Sachs Group Inc (GS) on Monday, the bank will participate in a $20 million fund-raising campaign for financial technology startup Bud. Among other investors in the latest fund-raising round are Australia and New Zealand Banking Group, Banco Sabadell of Spain as well as Investec of South Africa. Goldman Sachs […]
Read moreFebruary 4, 2019 10:11 am
Chevron Corp’s fourth-quarter profit, reported on Friday, outstripped Wall Street estimates, supported by higher oil prices and production growth. Chevron said that oil and gas production had increased 12.5% year-on-year during the past quarter, with net output rising to 3.08 million barrels per day. At the same time, prices paid for crude oil went up […]
Read moreFebruary 4, 2019 8:00 am
On February 1st Tesla Inc began taking orders for a cheaper version of its Model 3 vehicle in China in an attempt to accelerate sales in the world’s largest auto market. Tesla shares closed higher for the fifth time in the past ten trading sessions on NASDAQ on Friday. The stock went up 1.69% ($5.19) […]
Read moreFebruary 1, 2019 11:55 am
General Electric Companys (GE) fourth-quarter sales and cash flow, reported on Thursday, outstripped Wall Street estimates, with earnings rising in the companys aviation, health care and oil-and-gas businesses. On the other hand, GE Power and GE Capital registered a loss. The company also reached a tentative deal to settle a subprime mortgage case with US […]
Read moreFebruary 1, 2019 8:25 am
According to a report by Reuters, Alphabet Incs Google has been ordered by the French Competition Authority to review some of its advertising methods, since the latter had affected companies such as Amadeus France, an entity that runs a directory service in the country. The regulators decision follows a fine of EUR 50 million, imposed […]
Read more