December 21, 2016 10:26 am
The largest footwear producer on a global scale, Nike Inc., reported higher-than-anticipated revenue and profit during the second quarter ending on November 30th, supported by higher demand in Greater China, Western Europe and emerging economies. Nike shares rose the most since December 7th on Tuesday, rebounding after a four-day streak of losses. The stock went […]
Read moreDecember 21, 2016 8:28 am
According to a filing posted to Hawaiian Holdings Inc.s website on December 19th, Airbuss delivery of three narrow-body A321neo jets is to be delayed by three months. This pushed the expected jet delivery to the final three months of 2017. The announcement came months after the European aircraft producer seemed to be returning to its […]
Read moreDecember 20, 2016 10:38 am
According to sources at the United Auto Workers union, General Motors Company intends to close five auto assembly plants in the United States for different time stretches in January in order to ease sedan oversupply. Yesterday the NYSE-listed company confirmed this information. General Motors shares closed higher for a third consecutive trading session on Monday. […]
Read moreDecember 20, 2016 8:36 am
Boeing Companys Commercial Airplane unit announced yesterday that it intends to reduce workforce further in 2017, following a projected 8% cut in jobs during the current year. Such a move comes amid weakening demand for new aircraft, and more specifically twin-aisle jetliners such as the companys 777 model. The aircraft manufacturer did not reveal any […]
Read moreDecember 19, 2016 10:41 am
According to documents filed in federal court in Manhattan last Friday, Goldman Sachs Group Inc was to pay $56.5 million in relation with a US class action lawsuit. The latter accused several banks, including Goldman, of modulating a benchmark interest rate used in the derivatives market. In May this year, 7 other banks, including JPMorgan […]
Read moreDecember 19, 2016 9:13 am
Monthly client account openings at Wells Fargo continued to decrease in November, which has been another piece of evidence for the lender’s shaken reputation following the sales scandal. According to a report released Friday, there also were fewer customer interactions and debit card transactions last month. Wells Fargo shares closed higher on Friday to mark […]
Read moreDecember 19, 2016 7:53 am
According to a Viacom filing released Friday, the company’s controlling shareholder, Sumner Redstone, will retire from the board of directors following the February 2017 annual meeting. Redstone, 93, will continue to attend meetings in a “non-voting” role. A person with knowledge of the matter, who preferred to remain anonymous as discussions were still private, claimed […]
Read moreDecember 16, 2016 10:36 am
The S&P 500-featured BlackRock Inc announced yesterday that it intended to lead the next round of funding for iCapital Network. The financial technology startup grants access for individual investors to private equity funds, hedge funds as well as other alternative investments. The NYSE-listed investment management company, however, did not reveal the terms of the agreement, […]
Read moreDecember 16, 2016 8:37 am
According to an 8-K filing with the US Securities and Exchange Commission released Thursday, the S&P 500-featured insurer MetLife Inc projected additional $300 million in operating profit through 2019 as a result of higher interest rates in the country. The company also noted it would be confronted with challenges in some businesses abroad as well […]
Read moreDecember 15, 2016 10:35 am
The DJIA-featured General Electric Company announced yesterday that it once again forecast strong earnings growth during the upcoming two years, in spite of current energy market weakness. The company affirmed its 2018 objective of earnings per share at the amount of $2, which slightly outstripped the median forecast by experts. General Electric shares closed lower […]
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