February 17, 2017 10:49 am
According to an official from the US Department of Defense, Lockheed Martins F-35 fighter jet could cost 16% less to approximately $80 million in the future. This new estimate was provided by Lieutenant General Chris Bogdan, the person in charge of the F-35 program for the Department, during a hearing in front of the US […]
Read moreFebruary 17, 2017 8:53 am
According to a February 16th statement by AT&T Inc (T), the companys non-TV subscribers will be able to take advantage of an unlimited wireless data plan amid fierce competition among wireless carriers. In the past, clients who were in want of an unlimited data scheme had to subscribe to AT&Ts DirectTV or Uverse services. AT&T […]
Read moreFebruary 16, 2017 10:52 am
According to a person with knowledge of the matter, Verizon Communications Inc (VZ) is moving closer to a new deal to acquire Yahoos core Internet business. The new agreement is said to envisage a $250 million to $350 million lower price compared to what has been agreed on initially ($4.83 billion). Verizon shares closed lower […]
Read moreFebruary 16, 2017 8:48 am
Cisco Systems Incs (CSCO) adjusted earnings per share outstripped market expectations during the second quarter ended on January 31st, largely supported by sound demand for security products. Cisco shares closed higher for a fifth straight session on Wednesday, while also logging their largest daily increase since February 2nd. The stock went up 1.58% ($0.51) to […]
Read moreFebruary 15, 2017 10:05 am
Apples stock marked its new highest close on record on February 14th, supported by expectations that the release of a 10th-anniversary iPhone will prop up the companys sales. Apple shares gained 1.30% ($1.73) to $135.02, or a closing price that exceeded the prior record-high close of $133.29, recorded on February 13th. Tuesdays session also marked […]
Read moreFebruary 15, 2017 8:37 am
According to an internal memo, cited by Reuters, NBCUniversal, the media conglomerate owned by Comcast Corporation (CMCSA), has acquired a stake in broadcaster Euronews. At the same time, Noah Oppenheim has been named as NBC News President. No financial details of the deal, however, were revealed in the document. Comcast shares closed higher for a […]
Read moreFebruary 14, 2017 10:24 am
Apples stock marked the highest close on record on February 13th, supported by expectations that the release of a 10th-anniversary iPhone will prop up the companys sales. Apple shares gained 0.89% ($1.17) to $133.29, or a closing price that exceeded the prior record-high close of $133.00, recorded on February 23rd 2015. At the same time, […]
Read moreFebruary 14, 2017 8:43 am
According to a February 13th statement, DuPont (DD) and Chemours Co have agreed to pay $671 million in cash in order to settle a number of lawsuits, related to a leak of toxic chemical used in the production of Teflon. The liability was $300 million below what Wall Street analysts had expected, Alexander Laurence, an […]
Read moreFebruary 13, 2017 10:11 am
Wells Fargo & Company (WFC) was reported to have formed a team focused on development of artificial intelligence-based technology in a continuing effort to firm its digital presence. The team, which is to be led by Steve Ellis, the head of Wells Fargos innovation division, will be engaged in developing tech solutions, with which the […]
Read moreFebruary 13, 2017 8:15 am
The admission cost for Walt Disneys theme parks in the United States is to be increased by $5 for some one-day tickets, starting on February 12th. According to a statement by the company, single-day costs at Walt Disney World in Orlando will remain unchanged or be raised by up to 4.9%. Walt Disney shares closed […]
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