August 10, 2018 10:07 am
Viacom Incs (VIA) fiscal third-quarter revenue, reported on Thursday, missed a consensus of estimates due to weakness in advertising sales, while, additionally, the company collected lower fees from on-line distributors and cable TV operators. On the other hand, adjusted quarterly profit topped market expectations, sending Viacoms shares up by over 5%. Viacom shares closed higher […]
Read moreAugust 10, 2018 7:18 am
United Continental Holdings Inc (UAL) reported earlier this week that its total revenue passenger miles (RPMs) rose 6.9% year-on-year to 23.003 billion last month, supported by a 9.1% growth in domestic RPMs and a 4.1% increase in international RPMs. United Air shares closed lower for the first time in the past six trading sessions in […]
Read moreAugust 9, 2018 9:48 am
New York Times (NYT) added fewer paid digital subscribers during the second quarter, which led to the largest single-day drop in its shares in four years during New Yorks trading session yesterday. Quarterly earnings, on the other hand, topped Wall Street estimates. Shares of New York Times Company closed lower for a second consecutive trading […]
Read moreAugust 9, 2018 7:44 am
According to an announcement by Amazon.com Inc (AMZN) on Wednesday, it is introducing curbside pickup at Whole Foods stores, as the company seeks to attract more grocery shoppers in the United States. Such a service is already available in Virginia Beach, Virginia, as well as in Sacramento, California, with Amazon planning to expand it to […]
Read moreAugust 8, 2018 10:17 am
GlaxoSmithKline Plc (GSK) said on Tuesday that it had appointed Iain Mackay as its new Chief Financial Officer (CFO) and as an Executive Director to its board. Mackay is expected to join the London-based pharmaceutical company on January 14th 2019. GSK shares closed higher for a third consecutive trading session in New York on Tuesday. […]
Read moreAugust 8, 2018 7:53 am
According to a report by Reuters, citing job postings on Tesla Incs (TSLA) website, the electric vehicle maker has begun hiring for its $2 billion facility in Shanghai. The news came a month after Tesla inked agreements with Chinese authorities for the project, which is to be financed with local debt. Tesla shares closed higher […]
Read moreAugust 7, 2018 10:30 am
American International Group Inc (AIG) said on Monday that it had appointed Jonathan Wismer as Senior Vice President, Deputy Chief Financial Officer (CFO) and Chief Accounting Officer with immediate effect. Wismer is expected to report to AIGs Executive Vice President and Chief Financial Officer, Sid Sankaran, and will be based in New York. AIG shares […]
Read moreAugust 7, 2018 7:58 am
Atlantic Equities reportedly raised its rating on Comcast Corporation (CMCSA) to “Overweight” from “Neutral” previously, citing reduced concerns over future development of the company, after it has already pulled out of the bid race for Fox assets. Atlantic Equities also revised up its price target on the stock from $34 to $42. Comcast shares closed […]
Read moreAugust 6, 2018 9:46 am
According to a report by Reuters last week, the US Securities and Exchange Commission (SEC) is discontinuing its investigation into whether investors were misled by Exxon Mobil Corporation (XOM) about the possible effects, which climate change and greenhouse gas regulations might have on the oil companys business. Exxon Mobil shares closed higher for the first […]
Read moreAugust 6, 2018 7:28 am
According to an announcement by FedEx Corporation (FDX) on Friday, it, unlike rival United Parcel Service Inc, would not charge additional fees for the majority of home deliveries during the busy holiday shopping season. An exception will be unauthorized or over-sized packages as well as those requiring additional handling. FedEx shares closed higher for a […]
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