April 3, 2017 9:27 am
According to a March 31st statement by Caterpillar Inc (CAT), its plant in Aurora, Illinois, which employs 800 people, is to be closed due to a shift in production to other factories across the United States. Caterpillars large wheel loaders and compactors are expected to be transitioned to a facility in Decatur, Illinois, while its […]
Read moreApril 3, 2017 7:35 am
According to an April 1st statement by Ford Motor Company (F), 52 600 F-250 pickups, sold in Canada and the United States, are to be recalled, as the vehicles may roll once the automatic transmission lever is moved into park position. No injuries or accidents related to the issue have so far been reported. This […]
Read moreMarch 31, 2017 9:47 am
According to a March 30th letter to employees by Starbucks Corporation (SBUX), the retailer intends to open a mobile order and pay store during the upcoming week in its headquarters building in Seattle in an attempt to improve services to its convenience-oriented client base. Mobile orders from the building are to be routed to the […]
Read moreMarch 31, 2017 8:10 am
According to Jefferies, Anthem Inc (ANTM) may pull back from a portion of its Obamacare individual insurance markets in 2018. The announcement came almost a week after Republicans pulled legislation to review US health care. Health insurance companies such as Humana Inc, Aetna Inc and UnitedHealth Group Inc have already pulled out from Obamacare markets, […]
Read moreMarch 30, 2017 9:31 am
According to a March 29th memo to employees, Merrill Lynch, Bank of Americas wealth management unit, reduced the number of its national business divisions from 10 to 6 and introduced changes to its team of executives. The number of financial advisers at the company, on the other hand, is not expected to be reduced. Bank […]
Read moreMarch 30, 2017 8:11 am
According to people with knowledge of the matter, Ford Motor Company (F) is to reveal plans for production of a new engine in Canada on Thursday morning. The 7X engine for pickup trucks is expected to be unveiled at the Ford Essex Engine Plant in Windsor, Ontario. The new program might bolster activity in the […]
Read moreMarch 29, 2017 9:14 am
Fire was reported to have erupted in a Boeing jet operated by Peruvian Airlines on March 28th during landing at an airport close to the Andean town of Jauja, Peru. Reuters reported that no severe injuries had been caused to passengers, citing a government minister. Boeing Company (BA) said it was obtaining information in regard […]
Read moreMarch 29, 2017 8:19 am
According to a March 28th statement by General Motors Company (GM), its unit General Motors Mercosur has struck a deal with the Argentine port operator Terminal Puerto Rosario, which would allow the company to import vehicles to the South American country. General Motors Mercosur includes GMs units in Brazil and Argentina. General Motors shares registered […]
Read moreMarch 28, 2017 9:44 am
According to a note by a Wall Street investment company, advertiser boycott at YouTube may deliver a $750 million hit to the parent firm, Alphabet Inc (GOOGL). YouTube could see a 7.5% drop in its annual revenue, which is expected to be $10.2 billion in 2017, analysts at Nomura Instinet stated in a note to […]
Read moreMarch 28, 2017 7:33 am
On March 27th NASDAQ-listed Facebook Inc (FB) introduced a new option for its Messenger app, which provides users with the opportunity of sharing their locations continuously for as long as 1 hour. The addition marks Facebooks response to competition with solutions offered by Apple Inc and Alphabet Inc. According to Stan Chudnovsky, head of product […]
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