February 10, 2017 10:15 am
According to persons with knowledge of the matter, cited by the Wall Street Journal, Morgan Stanley (MS) is considering a move to Hudson Yards, a huge development site on Manhattans West Side. Morgan Stanley shares registered their largest daily surge since February 3rd on Thursday. The stock went up 2.14% ($0.94) to $44.85, after touching […]
Read moreFebruary 10, 2017 8:35 am
The largest beverage maker worldwide, Coca-Cola Company (KO), said it projected a drop in its full-year profit due to higher-than-expected costs related to the re-franchising of its bottling operations in the United States. Coca-Cola shares registered their largest daily drop since November 30th on Thursday, while also ending a five-day streak of gains. The stock […]
Read moreFebruary 9, 2017 10:31 am
According to people with knowledge of the matter, 2016 bonuses for Wells Fargos top managers are likely to be eliminated, following last years sales scandal. On February 8th the Wall Street Journal reported that the groups board had held a meeting in January, discussing a probable bonus suspension for top executives, including Wells Fargos Chief […]
Read moreFebruary 9, 2017 8:35 am
As reported by Bloomberg, Boeing Company (BA) is a leading contender for an order of at least 35 wide-body aircraft by Singapore Airlines. The potential deal might be estimated at $13.8 billion at list prices. Boeing shares closed lower for the first time in the past four trading sessions on Wednesday, while marking their largest […]
Read moreFebruary 8, 2017 10:37 am
Shares of General Motors Company (GM) fell the most in a bit over 32 weeks on February 7th, after the third largest automaker worldwide reported a 71.4% year-on-year drop in its fourth-quarter net income in part due to recent appreciation of the US Dollar against the UK Pound Sterling. The stocks reaction also reflected investor […]
Read moreFebruary 8, 2017 8:42 am
According to Anne Pace, the spokesperson for Bank of America, the financial holding has established 3 entirely automated branches in January, which allow clients to use ATMs and conduct video conference calls with employees located at other offices of the bank. Bank of America shares closed lower for a second consecutive session on Tuesday, while […]
Read moreFebruary 7, 2017 10:42 am
According to a Tuesday statement by Qatar Airways Chief Executive Officer Akbar Al Baker, the travel ban, which was imposed on seven Muslim-majority countries by the Trump administration a week ago, may eventually be relaxed. This information was provided by New Zealands Fairfax Media. Al Baker expected that Donald Trumps business talent would come forth […]
Read moreFebruary 7, 2017 8:41 am
According to a February 7th statement by Citigroup Incs unit in China, the latter was granted a “Type A” bond settlement agent license by the Peoples Bank of China. This way Citigroup became the first bank having its headquarters located in the United States to receive “Type A” license, which enables it to operate as […]
Read moreFebruary 6, 2017 10:45 am
On February 3rd Lockheed Martin Corporation (LMT) said it had reached an agreement with the US Department of Defense regarding an $8.5 billion order of 90 F-35 aircraft. The terms of the deal for the tenth lot of the fighter jet envisage a price lower than $95 million per unit for the first time ever. […]
Read moreFebruary 6, 2017 9:16 am
According to a February 6th statement, JP Morgan Chase & Co (JPM) has obtained a license, enabling it to underwrite corporate bonds in the Chinese interbank bond market. The license was received from the National Association of Financial Market Institutional Investors (NAFMII), the regulatory authority in charge of Chinas interbank bond market oversight. This way […]
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