March 9, 2018 11:33 am
Lockheed Martin Corporation (LMT) and the German unit of missiles manufacturer MBDA announced on Thursday they had formed a joint company in order to continue the development of a new air and missile defense system, which is still being conditioned with Germanys defense ministry. Lockheed Martin shares closed lower for the second time in the […]
Read moreMarch 9, 2018 8:36 am
According to a statement by the US Air Force earlier this week, the first delivery of Boeings KC-46 aerial refueling tankers would probably occur later than expected. The delivery was scheduled for Q2 this year. The Air Force also said that the delay would not lead to additional program cost to the taxpayer. Boeing shares […]
Read moreMarch 8, 2018 11:44 am
According to a report by Reuters, citing sources familiar with the situation, over a dozen of Goldman Sachss employees, located in the United Kingdom and engaged in sales and trading, have been put on notice to move to Frankfurt in a matter of weeks. Goldman Sachs shares closed lower for the first time in the […]
Read moreMarch 8, 2018 8:33 am
Stifel reportedly revised down Netflix Inc (NFLX) from “Buy” to “Hold” due to valuation concerns. On the other hand, the firm revised up its price target on the stock from $283 to $325, with the latter being a 1.20% increase compared to Thursdays closing price. Netflix shares closed lower for the first time in the […]
Read moreMarch 7, 2018 10:33 am
According to a press release by United Parcel Service Inc (UPS) on Tuesday, Jim Barber has been appointed as Chief Operating Officer and is to assume responsibility for United Parcels global small package, freight, Supply Chain and Freight Forwarding units. United Parcel shares closed higher for a second consecutive trading session on Tuesday. It has […]
Read moreMarch 7, 2018 8:27 am
On March 6th Chevron Corp said it expected its annual production to increase at a rate between 4% and 7% during the current year. The company also projects to boost its free cash flow, which would allow it to resume its share buyback program for the first time since 2015. Chevron shares closed higher for […]
Read moreMarch 6, 2018 10:40 am
Ford Motor Company (F) intends to lay off almost 2 000 hourly workers at its assembly and stamping facilities in Wayne, Michigan, since the plants are to be reorganized to manufacture the companys Ranger pickup trucks and Bronco SUVs. Ford shares closed higher for a second consecutive trading session on Monday. The stock went up […]
Read moreMarch 6, 2018 8:17 am
Amazon.com Inc (AMZN) was reported to be planning the launch of a grocery delivery service in France. It was in February, when the e-commerce company announced plans to add 2 000 new jobs in Eurozones second largest economy. Amazon shares closed higher for a second consecutive trading session on Monday. It has also been the […]
Read moreMarch 5, 2018 11:02 am
According to a report by Reuters, citing a GM document, the auto makers unit in South Korea intends to cut about 30% of its workforce (5 000 jobs) at plants across the country. On the other hand, production process is to be kept steady, in case the government accepts the companys $2.8 billion proposal for […]
Read moreMarch 4, 2018 12:37 pm
According to Judge Richard Leon, who is on the US District Court for the District of Columbia, the start date for the trial, which is to determine if AT&T Inc (T) can acquire Time Warner Inc, may be postponed by one day – to March 20th. AT&T shares closed higher for the first time in […]
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