January 8, 2019 7:47 am
Yesterday Nucor Corp (NUE) revealed plans to invest $1.35 billion in the construction of a plate mill in the US Midwest, as the company takes advantage of federal tax cuts as well as higher steel prices for local producers resulting from import tariffs, which the Trump administration introduced last year. Nucor shares closed lower for […]
Read moreJanuary 7, 2019 10:10 am
Brazils President Jair Bolsonaro expressed concerns on Friday that the acquisition of 80% of Embraers commercial aircraft and services operations by Boeing Co (BA) could result in a complete takeover of the division by the US plane manufacturer. Boeing shares closed higher for the fifth time in the past eleven trading sessions in New York […]
Read moreJanuary 7, 2019 8:05 am
According to a report by MarketWatch on Friday, Ford Motor Company (F) intends to recall over 953 000 vehicles globally due to problematic passenger air bag inflators manufactured by Takata, which could explode and release shrapnel inside the vehicle. Similar issue with air bag inflators has reportedly caused at least 23 deaths worldwide. However, Ford […]
Read moreJanuary 4, 2019 10:04 am
General Motors Companys US new vehicle sales, reported on Thursday, shrank 2.7% to 785 229 units during the fourth quarter, as declines were registered in its Chevrolet, Cadillac and Buick brands. For the entire 2018, GM sold 2 954 307 vehicles in the United States, or 1.6% fewer compared to 2017. General Motors shares closed […]
Read moreJanuary 4, 2019 8:21 am
The European Commission announced on Thursday that it had cleared Coca-Cola Companys GBP 3.9 billion acquisition of Costa Coffee from Whitbread Plc. Coca-Cola shares closed lower for a second consecutive trading session in New York on Thursday. The stock went down 0.62% ($0.29) to $46.64, after touching an intraday low at $46.55, or a price […]
Read moreJanuary 3, 2019 8:26 am
Tesla Inc (TSLA) announced on Wednesday that it had manufactured and delivered at a daily rate of almost 1 000 vehicles during the fourth quarter. Teslas quarterly production totaled at 86 555 vehicles, or an 8% growth over the third quarter. The company managed to produce 61 394 Model 3 vehicles in Q4, in unison […]
Read moreJanuary 2, 2019 11:38 am
According to a report by Reuters earlier this week, citing a person with knowledge of the matter, media finance veteran Spencer Neumann has been poached by Netflix Inc from Activision Blizzard to be appointed as the streaming media companys next Chief Financial Officer. Netflix shares closed higher for a fourth consecutive trading session on NASDAQ […]
Read moreJanuary 2, 2019 8:32 am
According to a report by the Wall Street Journal over the past weekend, citing people with knowledge of the matter, Amazon.com Inc (AMZN) intends to expand its portfolio of Whole Foods stores in order to place a larger number of clients within its two-hour delivery service range. Amazon shares closed higher for a second consecutive […]
Read moreDecember 31, 2018 8:45 am
According to a statement by the Hong Kong Monetary Authority (HKMA) last week, the regulator has imposed a fine of HKD 12.5 million (or $1.596 million) on the Hong Kong branch of J.P. Morgan Chase & Co (JPM) for violating anti-money laundering and counter-terrorist financing rules. J.P. Morgan Chase shares closed lower for the eighth […]
Read moreDecember 30, 2018 1:55 pm
During the past week Citi Research revised down its first-quarter production forecasts for Apple Inc’s (AAPL) iPhone models, with projection for the priciest iPhone XS Max being almost halved due to weak demand. Apple shares closed higher for the third time in the past ten trading sessions on NASDAQ on Friday. The stock inched up […]
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