December 14, 2016 8:30 am
According to a December 13th report by the Wall Street Journal, David Solomon and Harvey Schwartz are expected to be named as top candidates of Goldman Sachs Groups CEO, Lloyd Blankfein, to succeed Gary Cohn. Such appointments could bring back the DJIA-featured financial institution to a co-president, co-chief operating officer entity. Goldman Sachs shares rebounded […]
Read moreDecember 13, 2016 10:48 am
The DJIA-featured aircraft manufacturer Boeing officially announced yesterday that it intends to reduce production of its twin-aisle 777 jet to 5 per month in August 2017. It would represent a 40% cut in comparison with the present rate of 8.3 jets per month. Boeing shares closed higher for a fifth consecutive trading session on Monday. […]
Read moreDecember 13, 2016 8:32 am
On December 12th the NYSE-listed insurer Prudential Financial Inc announced it had discontinued the distribution of a low-cost life insurance policy via Wells Fargo & Company (WFC). As reported in the media, California Insurance Commissioner, Dave Jones, embarked on an investigation into allegations that Wells Fargo retail bankers had signed up clients for Prudential-provided life […]
Read moreDecember 12, 2016 11:21 am
On December 9th a hotline for ex-Wells Fargo employees, laid off for allegedly opening unauthorized accounts, was reported to have been established by a private US regulator. Three months ago the San Francisco-based financial institution was ordered to pay fines and restitution at the amount of $190 million, as according to federal regulators, its tense […]
Read moreDecember 12, 2016 9:26 am
According to a report by the Barron’s financial website, shares of the NASDAQ-listed tire manufacturer, Goodyear Tire & Rubber Company, could surge 25% and hit $40 within a period of 1 year, due to company benefits resulting from cost reduction as well as increasing demand for 17-inch tires. Goodyear shares closed higher for a third […]
Read moreDecember 12, 2016 8:05 am
According to a report by the Barrons financial media, shares of the NYSE-listed health care product manufacturer, Johnson & Johnson, could surge almost 20% to the mid-$130s as a result of a faster earnings growth. Johnson & Johnson shares closed higher for the first time in the past three trading sessions on Friday. The stock […]
Read moreDecember 9, 2016 10:37 am
The DJIA-featured 3M Company announced it had reached an agreement with the Amsterdam-listed Gemalto (GTO), a digital security service provider, regarding the sale of 3Ms identity management business. The deal is estimated to $850 million. 3M shares closed lower for the first time in the past three trading sessions on Thursday. The stock edged down […]
Read moreDecember 9, 2016 8:51 am
According to a person with knowledge on the matter, Stephen Sanger, Wells Fargo Chairman, and Elizabeth Duke, the companys Vice Chair, have been appointed to a four-member committee, which will be in charge of internal investigation in regard to the bank holdings recent sales scandal. The person familiar with the matter requested to remain anonymous, […]
Read moreDecember 8, 2016 11:19 am
The NYSE-listed United States Steel Corporation (X) may be looking to restore 10 000 job positions in the United States, according to the companys CEO Mario Longhi. However, in an interview with CNBC he did not specify any time frame for potential additions. United States Steel shares closed higher for a fourth consecutive trading session […]
Read moreDecember 8, 2016 7:26 am
The NYSE-listed oil and gas major, Chevron Corporation (CVX), revealed on Wednesday its $19.8-billion capital and exploratory investment program regarding 2017. The figure represented a 42% reduction compared to the companys expenditures in 2015. Chevron shares closed higher during Wednesdays trading session, while marking their best daily performance since December 1st. The stock surged 1.49% […]
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