During an air show in the southern city of Bengaluru on Wednesday Lockheed Martin Corp (LMT) presented to India a new fighter jet, the F-21, as the company seeks to win a military order valued at more than $15 billion. Lockheed Martin shares closed higher for the tenth time in […]

According to Freddie Lait, Chief Investment Officer at Latitude Investment Management, Tesla Inc’s (TSLA) market capitalization of $52.5 billion warrants a buyout scenario, while Apple Inc, having sizable cash on hand, is the most likely candidate to place a takeover bid. Tesla shares closed lower for a second consecutive trading […]

According to a report by the Financial Times earlier this week, Facebook Inc (FB) is willing to build a virtual assistant smarter than Amazon’s Alexa or Apple’s Siri and powered by cutting-edge AI technology. In January, Facebook disclosed a tie-up with Intel, as it joined an intense competition to develop […]

According to a report by Bloomberg earlier this week, citing sources familiar with the matter, Ken Hitchner, Goldman Sachs Group Inc’s (GS) Chairman and Chief Executive Officer for the Asia Pacific area excluding Japan, is to part ways with the Wall Street bank. Goldman Sachs shares closed higher for a […]

According to a statement by Antonio Rubens, head of Citigroup Inc’s commercial banking division in Brazil, on Monday, the unit’s assets are to be doubled by the year 2020, as lending to mid-sized corporate clientèle registered growth. Citigroup shares closed higher for the fifth time in the past eleven trading […]

According to a report by Reuters, a jury in Alabama awarded $151.8 million to Travaris Smith, a young man who remained paralyzed as a result of a rollover accident in 2015, which involved a Ford Explorer sport-utility vehicle. The jury found on Friday that the 1998 Explorer failed to meet […]

The greatest strategic mistake Apple Inc has made since Tim Cook took the helm at the tech company is not acquiring Netflix, Daniel Ives, managing director of equity research at Wedbush, said for CNBC on Friday. Apple shares closed lower for the fifth time in the past thirteen trading sessions […]

According to a statement by Citigroup Inc on Friday, Chief Executive Officer Michael Corbat is to receive $24 million as total compensation for 2018, or a 4.35% increase compared to 2017. Members of the board took into account the group’s earning operating performance as well as market levels of pay, […]

Austria’s competition authority announced on Thursday that an investigation had been embarked on into whether Amazon.com Inc (AMZN) was exploiting its leading market positions against retailers that make use of its website as a marketplace. The announcement comes after a similar decision by German regulatory authorities, which said in November […]

Johnson & Johnson (JNJ) announced on Wednesday that it intended to acquire Auris Health Inc, a privately held surgical robotics company, in an all-cash deal valued at about $3.4 billion. Johnson & Johnson also said that it would pay additional $2.35 billion, in case Auris reaches particular milestones. However, the […]