Target Corp (TGT) said earlier this week that Michael Fiddelke had been appointed as its next Executive Vice President and Chief Financial Officer. Having been part of Target’s team for over 15 years, Fiddelke most recently was senior vice president of operations. He is to replace Cathy Smith, who had […]

Vehicle sales in China registered an annual drop of 17.5% during the quarter ended on September 30th, General Motors Company (GM) said. Sales were strongly affected by sluggish economic growth amid the US-China trade war as well as by fierce competition in GM’s mid-priced SUV segment. General Motors shares closed […]

James River Group Holdings Ltd (JRVR) said that it intended to cancel all insurance policies issued to Rasier LLC, Uber’s commercial auto business, and also JRVR’s most important customer. The announcement led to downward revisions of the stock’s rating and price target by at least two brokerage firms. Shares of […]

According to a report by Bloomberg, citing sources with knowledge of the matter, Exxon Mobil Corp (XOM) is exploring an opportunity to sell its Malaysian upstream offshore assets for up to $3 billion. Since the sale considerations are at an early stage, an agreement could still not be reached, the […]

Amazon.com Inc has established a larger local store and marketplace in Singapore, Reuters reported, as the e-commerce company seeks to expand its product selection and step up competition with rivals, including Alibaba Group Holding Ltd’s Lazada and Sea Ltd’s Shopee. Amazon shares closed lower for a second consecutive trading session […]

Advanced Micro Devices Inc (AMD) earlier this week unveiled the Radeon RX 5500 series graphics products, which harness advanced RDNA gaming architecture, in order to deliver top-class high-performance, high-fidelity 1080p gaming. The Radeon RX 5500 series include the Radeon RX 5500 graphics card, which is expected to be available in […]

Unilever said that it intended to halve its use of newly made plastic by reducing its “absolute use of plastic packaging” by more than 100 000 tonnes and by “accelerating its use of recycled plastic” by the year 2025. The consumer goods giant also pledged to “help collect and process […]

According to an announcement by General Electric Co (GE) on Monday, the conglomerate intends to freeze the pension plan for nearly 20 000 US employees with salaried benefits in an attempt to reduce debt. General Electric shares closed lower for a second consecutive trading session in New York on Monday. […]

According to a report by Nikkei Asian Review, Apple Inc (AAPL) has requested that suppliers raise production of iPhone 11 models by up to 8 million units (or nearly 10%). Apple shares closed higher for a second consecutive trading session on NASDAQ on Friday. It has also been the sharpest […]

According to a report by Reuters, citing a person familiar with the matter, Netflix Inc is being investigated by Italian prosecutors over alleged tax evasion. Netflix shares closed higher for the fourth time in the past twelve trading sessions on NASDAQ on Thursday. The stock inched up 0.04% ($0.12) to […]