March 14, 2017 10:09 am
Verizon Communications Inc (VZ) was reported to have obtained an almost three times lower price discount for Yahoo Inc core assets than it had expected. The deal, valued at $4.83 billion, was initially announced last July, while its closure has been delayed due to the two cyber attacks at Yahoo, which the internet company exposed […]
Read moreMarch 14, 2017 8:16 am
NASDAQ-listed tech giant Intel Corporation (INTC) was reported to have agreed to acquire Mobileye, an Israeli company providing driverless technology, in a deal valued at $15.3 billion. It would be the largest acquisition of an Israeli tech company on record, with Mobileye being valued at $63.54 per share, or a 34% premium compared to the […]
Read moreMarch 13, 2017 10:13 am
Ford Motor Company (F) was reported to have appointed Lynn Vojvodich, former executive at Salesforce.com Inc, to its board of directors. She is to assume the new role in April. Ford shares closed higher on Friday, while also marking their second gain in the past seven trading sessions. The stock edged up 0.24% ($0.03) to […]
Read moreMarch 13, 2017 8:18 am
On March 10th Starbucks Corporation (SBUX) said that the boycott campaign on the social media, following the retailer’s decision to hire 10 000 refugees worldwide in five years, has not done any harm to the brand. Starbucks shares registered their largest daily slump since February 27th on Friday, while also marking their seventh consecutive session […]
Read moreMarch 10, 2017 10:15 am
Wells Fargo & Company (WFC) was reported to have taken further measures in restructuring its retail banking division, which led to the demotion of several senior executives. However, Wells Fargo has not yet made any statements on the matter. Wells Fargo shares closed higher on Thursday, while marking their first gain in the past four […]
Read moreMarch 10, 2017 8:18 am
On March 9th Staples Inc (SPLS) reported lower-than-projected quarterly earnings and sales, which led to the sharpest drop in its shares in almost seven months. Staples shares registered their largest daily slump since August 17th 2016 on Thursday. The stock went down 5.25% ($0.47) to $8.49, after touching an intraday low at $8.35, or a […]
Read moreMarch 9, 2017 10:07 am
On March 8th Boeing Company (BA) said that its 737 MAX 10X jet had received support from a number of airlines and had also awoken interest among part suppliers in an attempt to suppress recent criticism at an industry conference in San Diego. Boeing shares closed lower on Wednesday, while marking their fourth loss in […]
Read moreMarch 9, 2017 8:27 am
On March 8th Urban Outfitters Inc (URBN) reported lower-than-anticipated earnings per share during the quarter ended on December 30th, while its comparable sales were flat. Urban Outfitters shares closed lower for a fourth straight trading session on Wednesday. The stock went down 2.60% ($0.66) to $24.75, after touching an intraday low at $22.87, or a […]
Read moreMarch 8, 2017 9:30 am
According to a March 7th statement by John Gerspach, Citigroup Incs Chief Financial Officer, the financial holding projects that trading revenue will probably register a “low double-digit” growth during the first quarter compared to the same period a year ago. Citigroup shares closed higher on Tuesday, while marking their fourth gain in the past eight […]
Read moreMarch 8, 2017 8:36 am
Hewlett Packard Enterprise Co (HPE) was reported to be planning the acquisition of data storage provider Nimble Storage Inc in order to firm its presence in the flash storage business. The deal, estimated to $1.09 billion, was based on Nimble Storages 87.5 million outstanding shares as of November 30th, Reuters reported. Hewlett Packard shares registered […]
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