March 7, 2017 12:27 pm
According to a March 7th statement by the Ford Motor Companys President for Europe, a tariff-free trade following a Brexit scenario is crucial for keeping jobs at the companys plants across the United Kingdom. Ford shares closed lower for a third straight trading session on Monday, while also marking their largest daily slump since February […]
Read moreMarch 7, 2017 9:01 am
GoPro shares plunged almost 8% during Mondays session, following Goldman Sachs decision to downgrade the stock from “neutral” to a “sell” amid concerns over demand for the companys core products. The financial holding also revised down its price target for GoPro’s stock to $6.00 from $9.50 previously. GoPro shares retreated for a third straight trading […]
Read moreMarch 6, 2017 10:16 am
According to a March 3rd statement by Lockheed Martin Corporation (LMT), it is currently in discussions with the Swiss, the Belgian and the Spanish governments in regard to potential orders of the companys F-35 fighter aircraft. Luring new clients is a step towards a considerable cost reduction of Lockheeds military jets, following several production delays. […]
Read moreMarch 6, 2017 8:37 am
Coca-Cola Company and Nestle have come to an agreement to put an end to their Nestea iced tea joint venture and continue their separate ways amid dynamic bottled drinks market environment. Beverage Partners Worldwide, which distributes the Nestea iced tea globally, was established by the two entities back in 2001, but soon encountered tough competition […]
Read moreMarch 2, 2017 10:01 am
On March 1st it became clear that PepsiCo Inc (PEP) intended to reduce its workforce in Philadelphia by 80 to 100, as the new sugar-sweetened beverage tax in the region adversely affected demand for the companys products. 423 persons are currently employed with PepsiCo at 3 locations in Philadelphia. PepsiCo shares closed higher during Wednesdays […]
Read moreMarch 2, 2017 7:47 am
According to a March 1st regulatory filing by Wells Fargo & Company (WFC), a larger number of clients may have been impacted by last years sales scandal than previously claimed. Up to 2.1 million clients may have found themselves having deposit and credit card accounts created in their names without authorization during the course of […]
Read moreMarch 1, 2017 10:27 am
According to a February 28th statement by Hershey Company (HSY), its global workforce is expected to be reduced by 15% as a result of a restructuring program. As of December 31st 2016, 16 300 persons worldwide were in full-time employment with Hershey, while 1 680 persons were in part-time employment. Hershey shares closed higher on […]
Read moreMarch 1, 2017 8:56 am
On February 28th Valeant Pharmaceuticals International Inc (VRX) reported an increase in its net loss during the quarter ended on December 30th. At the same time, the companys earnings per share, excluding special items, topped market consensus, supported by a strong performance in its Bausch and Lomb eyecare business as well as by lower general […]
Read moreFebruary 28, 2017 10:15 am
According to a February 27th regulatory filing, a “significant number” of Morgan Stanleys 3.5 million wealth-management customers were provided with incorrect tax information, which led to some of them underpaying, while others – overpaying. Morgan Stanley shares closed higher on Monday, while marking their fourth gain in the past six trading sessions. The stock went […]
Read moreFebruary 28, 2017 8:39 am
According to a February 27th regulatory filing, Goldman Sachs Group Incs 1.1 million square foot office in London is expected to be occupied in 2019. Upon completion, the new office building would equal approximately half the size of the banks executive offices at 200 West Street in New York. Goldman Sachs shares closed higher on […]
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