April 10, 2017 9:17 am
According to a report released on April 7th, General Motors Company (GM) delivered a March record of 345 448 vehicles in China, or 16% more compared to the same month a year earlier. It has been the largest annual growth since August 2016. For the entire first quarter, however, vehicle deliveries in the region decreased […]
Read moreApril 10, 2017 7:55 am
According to a statement by an executive from Exxon Mobil Corporation (XOM), the energy giant intends to market 1.3M metric tons of mid-term liquefied natural gas per year from its plant in Papua New Guinea, due to excess production and rising gas reserves. Having an original capacity of 6.9M tons per year, Exxon’s plant in […]
Read moreApril 7, 2017 9:26 am
According to a note by analysts at Barclays PLC, Nike Incs (NKE) innovation endeavors are already paying off, with the companys HyperAdapt 1.0 and Air VaporMax models both performing well. Nike shares closed higher on Thursday, while marking their first gain in the past six trading sessions. The stock edged up 0.29% ($0.16) to $55.14, […]
Read moreApril 7, 2017 7:28 am
Twitters stock retreated almost 1% during yesterdays trade, following news in the media that co-founder Ev Williams is selling a minor portion of his shares in the company. Twitter shares closed lower for a fourth consecutive trading session on Thursday. The stock went down 0.96% ($0.14) to $14.39, after touching an intraday low at $14.30, […]
Read moreApril 6, 2017 9:27 am
According to an April 6th statement by Ford Motor Company (F), a plug-in hybrid car is to be introduced in China during 2018, while a fully electric sport-utility vehicle is to be launched during the upcoming five years. Ford shares closed lower for a fourth straight trading session on Wednesday. The stock went down 0.97% […]
Read moreApril 6, 2017 7:34 am
According to a proxy statement filed on April 5th, JP Morgan Chase & Co (JPM) shareholders are to vote once again on a proposal, suggesting separation of the Chairman and the Chief Executive roles within the company. The shareholders annual meeting is scheduled on May 16th. Meanwhile, a vote on a similar proposal is to […]
Read moreApril 5, 2017 10:01 am
According to people with knowledge of the matter, cited by the Wall Street Journal on April 4th, Exxon Mobil Corporation (XOM) is currently in discussions for accessing Brazils deep-water oil resources. The largest publicly listed oil company worldwide was also reported to be working in cooperation with oil producer Hess Corp in an attempt to […]
Read moreApril 5, 2017 7:39 am
According to a statement by McDonald’s Corporations (MCD) US unit, Morgan Flatley was appointed as Chief Marketing Officer, Farhan Siddiqi as US Digital executive, while Linda VanGosen was named as the head of US Menu. McDonald’s restaurants in the United States have endured four consecutive years of decreasing traffic. However, Steve Easterbrook, the retailers Chief […]
Read moreApril 4, 2017 10:03 am
Tesla shares soared to a record high on Monday, reacting to better-than-projected quarterly vehicle deliveries posted a day earlier. The stocks performance bolstered the manufacturers market capitalization to $48 billion, a figure which exceeded Ford Motors value of $45 billion and ranked Tesla as the second largest vehicle producer in the United States following General […]
Read moreApril 4, 2017 7:22 am
On April 3rd the Labor Departments Occupational Safety and Health Administration (OSHA) said it had ordered Wells Fargo & Company (WFC) to rehire a former bank manager, who left the group seven years ago, and to pay back wages, compensatory damages and attorneys fees at a total amount of $5.4 million. The holding is intending […]
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