May 22, 2017 9:35 am
According to a May 20th statement by General Electric Company (GE), business deals worth $15 billion have been signed with Saudi Arabia as part of the Mid-Eastern countrys effort to achieve economic diversification. General Electric shares registered their largest daily surge since March 10th during Friday’s trading session. The stock went up 2.07% ($0.57) to […]
Read moreMay 22, 2017 7:11 am
On May 19th Ford Motor Company (F) revealed intentions to invest $350 million in the upgrade of its Livonia transmission plant located in Michigan in an attempt to extend its powertrain lineup. According to the second-largest US auto maker, employment at that plant has increased to 1 800 from 1 550 in 2016. However, Ford […]
Read moreMay 19, 2017 9:45 am
In a statement on Thursday, Bank of America Corporations (BAC) Chief Executive said that financial institutions would be able to provide a larger share of funding for the purpose of home purchases, in case the standard down payment for buyers was reduced from 20% to 10%. Bank of America shares closed higher for the first […]
Read moreMay 19, 2017 8:06 am
Ralph Lauren Corporations (RL) sales at established stores shrank for a ninth consecutive three-month period during the latest quarter, due to decreasing customer activity. The company also said that sales might continue to shrink during the present quarter as well. Ralph Lauren shares closed lower for a third consecutive trading session on Thursday. The stock […]
Read moreMay 18, 2017 9:33 am
Target Corporations (TGT) first-quarter sales and earnings, reported on May 17th, exceeded market expectations, while the retailer said full-year profit could be at the higher end of its latest projection. Target shares closed higher for the first time in the past five trading sessions on Wednesday. The stock went up 0.94% ($0.51) to $55.04, after […]
Read moreMay 18, 2017 7:27 am
Procter & Gamble executive Patrice Louvet has reportedly been named as Chief Executive Officer of Ralph Lauren Corporation (RL). The appointment is to come into effect on July 17th, at which time Louvet will also join the companys board. Ralph Lauren shares closed lower for a second consecutive trading session on Wednesday. The stock went […]
Read moreMay 17, 2017 9:21 am
Home Depot Inc (HD) posted better-than-anticipated first-quarter same-store sales and earnings, supported by higher client spending on large-ticket items such as flooring & roofing materials and appliances. The company also said it expected strong sales during the second three-month period, as housing continued to be a well-performing asset class. Home Depot shares closed higher for […]
Read moreMay 17, 2017 7:13 am
Cash registers at a number of Starbucks stores in Canada and the United States reportedly went off-line for a few hours on May 16th due to a software update glitch, which caused stores only to accept cash or to offer coffee free-of-charge. The exact number of stores affected has not been disclosed. Starbucks shares registered […]
Read moreMay 16, 2017 9:33 am
The first production line at Chevrons Gorgon liquefied natural gas export plant in Australia has reportedly been closed. According to a spokesperson for the company, the outage may last a month, due to the replacement of a defective device. Chevron shares closed higher for the first time in the past three trading sessions on Monday. […]
Read moreMay 16, 2017 7:26 am
Shares of Snap Inc (SNAP) soared over 8% yesterday, while marking their second consecutive session of gains, as filings presented the first definitive snapshot of the institutional investors who acquired a stake in the company, when the latter went public at the beginning of March. Snap shares registered their largest daily surge since March 3rd […]
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