FedEx Corporation (FDX) said on Thursday that it intended to purchase Manton Air-Sea Pty Ltd, which provides a range of logistics services, including freight forwarding and customs brokerage solutions. Having its headquarters based in Sydney, Manton will become a subsidiary of the FedEx Trade Networks operating company. FedEx shares closed […]

Blackstone’s quarterly earnings, reported on Thursday, outstripped Wall Street estimates, as the asset manager’s holdings were bolstered by rising equity markets. Blackstone shares closed lower for the first time in the past five trading sessions in New York on Thursday. It has also been the steepest daily loss since October […]

US wireless carrier Sprint Corp (S) said on Wednesday that it had sold Pinsight Media, a mobile data and advertising firm which it established in 2012, to InMobi. The financial terms of the all-stock deal, however, remained undisclosed. Sprint shares closed higher for a second consecutive trading session in New […]

Morgan Stanley’s (MS) quarterly earnings, reported on Tuesday, outstripped Wall Street estimates, supported by strong revenue growth in the lender’s equity trading and equity underwriting businesses. Morgan Stanley shares closed higher for a second consecutive trading session in New York on Tuesday. It has also been the sharpest daily surge […]

According to an announcement by Wells Fargo & Company (WFC) on Tuesday, the bank has applied for an investment firm license in France, a move in line with its Brexit plan. Wells Fargo shares closed higher for a third consecutive trading session in New York on Tuesday. The stock went […]

Bank of America Corp’s (BAC) quarterly earnings, reported on Monday, topped Wall Street estimates, supported by strong growth in loans as well as in net interest income. The US lender also benefited from lower operating expenses. Bank of America shares closed lower for the fifth time in the past nine […]

According to a report by Axios over the weekend, citing sources with knowledge of the matter, Apple Inc (AAPL) has bought Asaii, a music analytics start-up firm, in a deal worth less than $100 million, as the tech giant seeks to enhance content recommendations to its music users. Apple shares […]

Citigroup Inc’s (C) quarterly earnings, reported on Friday, outstripped Wall Street estimates, as the bank’s operating expenses dropped, while bond trading revenue and global consumer banking revenue rose. Citigroup shares closed higher for the sixth time in the past sixteen trading sessions in New York on Friday. It has also […]

J.P. Morgan Chase & Co’s quarterly earnings, reported on Friday, topped Wall Street estimates, supported by higher net interest income and strong loan growth. However, J.P. Morgan’s quarterly trading revenue decreased. The Wall Street bank has benefited from the US tax code reform and a sound macroeconomic environment. J.P. Morgan […]

According to a report by Reuters, citing a person familiar with the matter, Walmart Inc (WMT) intends to invest as much as $250 million in a joint venture with interactive video content developer Eko, as the retailer seeks to lure shoppers and improve customer engagement. Walmart shares closed lower for […]