December 29, 2016 8:30 am
According to the monthly report by the National Association of Realtors (NAR) released on Wednesday, contracts to buy previously owned homes in the United States were 0.4% fewer in November compared to the same month a year earlier. It followed two straight periods of increase, with the respective index of sales increasing 1.8% year-on-year in […]
Read moreDecember 28, 2016 10:38 am
According to a statement by the National Highway Traffic Safety Administration made on Tuesday, an investigation has been embarked on in relation with Ford Motor Companys Fusion and Mercury Milan sedans produced within the period between 2007 and 2009. Brakes for these models may not function properly in certain circumstances, the US regulator authority said. […]
Read moreDecember 28, 2016 8:39 am
According to a statement made on Tuesday, the NYSE-listed transportation company Delta Air Lines Inc came to an agreement with Boeing to cancel an order for 18 787 Dreamliner jets. The order was reported to have been valued at over $4 billion in accordance with current list prices. However, no further details of the agreement […]
Read moreDecember 27, 2016 11:36 am
Tokyo-listed electronic manufacturer Toshiba Corp. announced it may need to log a loss amounting to several billion dollars in relation with a US nuclear power project. The news drove down the companys stock almost 12% on Tuesday, which has been the largest daily retreat since December 22nd 2015. According to the statement, cost overruns at […]
Read moreDecember 27, 2016 9:05 am
According to a statement by Lockheed Martin Corp, its Chief Executive Officer, Marillyn Hewson, told US President-elect Donald Trump she would get involved in driving down the cost of the company’s F-35 fighter jet in a response to a post on Twitter, which Trump published last Thursday. Lockheed Martin shares fell the most since December […]
Read moreDecember 23, 2016 8:36 am
On December 22nd WardsAuto, a publication and industry consultant, projected that automobile sales in the United States would decrease slightly in December compared to the same month a year earlier, with the seasonally adjusted annualized sales rate being 17.7 million vehicles. Vehicle manufacturers are to report the December sales figures on January 3rd. According to […]
Read moreDecember 22, 2016 10:36 am
On December 21st the California Public Employees Retirement System board came to an agreement to reduce the pension plans expected rate of return to 7% by the year 2020, as the public pension fund fell short of its 7.5% objective during the past 2 years. According to the boards decision, the expected rate of return […]
Read moreDecember 22, 2016 8:39 am
Wells Fargo & Co, RBC Capital Markets, LPL Financial and others were reported to have been fined by the Financial Industry Regulatory Authority (FINRA) on December 21st for record-keeping issues, which may have made alteration of company and customer documents possible. The fined entities will have to pay a combined $14.4 million. According to the […]
Read moreDecember 21, 2016 10:26 am
The largest footwear producer on a global scale, Nike Inc., reported higher-than-anticipated revenue and profit during the second quarter ending on November 30th, supported by higher demand in Greater China, Western Europe and emerging economies. Nike shares rose the most since December 7th on Tuesday, rebounding after a four-day streak of losses. The stock went […]
Read moreDecember 21, 2016 8:28 am
According to a filing posted to Hawaiian Holdings Inc.s website on December 19th, Airbuss delivery of three narrow-body A321neo jets is to be delayed by three months. This pushed the expected jet delivery to the final three months of 2017. The announcement came months after the European aircraft producer seemed to be returning to its […]
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