Verizon Communications Inc’s first-quarter profit, reported on Tuesday, exceeded market expectations, while full-year 2019 earnings forecast was revised up. However, the company reported a more considerable loss of phone subscribers during the quarter than anticipated, which sent its shares down by over 2% yesterday. Verizon shares closed lower for the […]

Exxon Mobil Corporation (XOM) announced earlier this week that it had inked a 20-year sale and purchase agreement, which envisages the supply of liquefied natural gas (LNG) to Zhejiang Provincial Energy Group of China. However, the oil and gas major did not disclose any price or timing details. Exxon Mobil […]

Shares of Mattel Inc (MAT) registered their largest single-session loss in 9,5 weeks on Monday, after hedge fund Bronte Capital warned of “seemingly dysfunctional management” at the toy company and “too much debt”. Mattel shares closed lower for a third consecutive trading session on NASDAQ on Monday. It has also […]

Eli Lilly and Company (LLY) announced on Monday a global licensing and research collaboration with Avidity Biosciences Inc, whose focus will be set on the discovery, development and commercialization of potential new medicines in immunology. Eli Lilly shares closed higher for the fifth time in the past thirteen trading sessions […]

According to a statement by the US Federal Aviation Administration on Friday, a joint governmental review of the globally grounded Boeing 737 MAX is expected to be initiated on April 29th. Nine other aviation regulators from across the globe are to participate in the review, the FAA said. Boeing shares […]

According to a proxy statement by General Motors Company (GM) released on Thursday, the company’s Chairman and Chief Executive Officer, Mary Barra, received a bit less than $22 million in total compensation in 2018. General Motors shares closed higher for a third consecutive trading session in New York on Thursday. […]

According to a report by noted Apple analyst Ming-Chi Kuo, the tech company intends to upgrade the front camera in this year’s iPhone models to 12 megapixels from 7 megapixels. The camera will also be modified from the current 4-element lens to a 5-element lens component. Apple shares closed higher […]

According to a statement by Amazon.com Inc (AMZN) on Thursday, the e-commerce giant intends to discontinue operating a marketplace as well as providing seller services on its Chinese website Amazon.cn from July 18th. Amazon shares closed lower for the fourth time in the past ten trading sessions on NASDAQ on […]

International Business Machines’ (IBM) overall revenue registered a sharper drop than anticipated during the first quarter, pressured by dwindling demand for the company’s mainframe computers and an appreciation in the US Dollar. IBM shares closed lower for the fifth time in the past fifteen trading sessions in New York on […]

KeyBanc earlier this week revised up its price target on Microsoft Corp (MSFT) to $141 from $125, as it cited improving confidence in the tech giant’s cloud and digital strategy. The firm also maintained an “Overweight” rating on the stock. Microsoft shares closed higher for the seventh time in the […]