Articles by: Miroslav Marinoff

Macy’s shares rebound on Wednesday, company appoints Jill Ramsey as Chief Product and Digital Revenue Officer

According to a statement by Macy’s Inc (M) on Wednesday, the department store operator has appointed Jill Ramsey as new Chief Product and Digital Revenue Officer. The appointment will take effect on January 8th. Macy’s shares closed higher for the sixth time in the past ten trading sessions on Wednesday. The stock edged up 0.32% […] Read more

Blackstone shares close higher on Wednesday, company acquires Taliesin Property Fund for EUR 260 million

According to a statement by Blackstone Group LP (BX) on Wednesday, an agreement has been reached over the acquisition of real estate specialist Taliesin Property Fund, as the US investment company continues to expand its positions in the European real estate industry. Blackstone shares closed higher for the second time in the past eight trading […] Read more

United Parcel shares snap a three-day string of gains on Wednesday, company buys 125 electric semi-trucks from Tesla

According to a representative from United Parcel Service Inc (UPS), the package delivery company has pre-ordered 125 all-electric semi-trucks from Tesla Inc, as it is seeking to bolster its fleet of alternative-fuel vehicles. This has been the largest public order for the so called “big rig” up to now and is expected to cost about […] Read more

Apple shares fall the most in three weeks on Tuesday, company appoints Michel Coulomb as new sales head in India

According to a report by Reuters, citing a person with knowledge of the matter, Michel Coulomb has been appointed as Apple Incs top sales executive in India, succeeding Sanjay Kaul. The new appointment comes at a time, when the tech company is seeking to expand its presence in the third largest smart phone market worldwide. […] Read more

Amazon shares gain for a third session in a row on Monday, French government files complaint against company over dominant position abuse

According to a report by French newspaper Le Parisien on Monday, a complaint has been filed by Frances government with the Paris Commerce Court against Amazon.com Inc (AMZN), which accused the company of abusing its dominant position with local suppliers. A representative from the Economy Ministry confirmed the information, but did not disclose more details. […] Read more

Pfizer shares close lower on Monday, company reveals new $10 billion share buyback program

A new $10 billion share buyback program has been authorized by Pfizer Incs (PFE) board on Monday. According to a statement by the company, the program represents an addition to the remaining amount of $6.4 billion under Pfizers current authorization. Pfizer shares closed lower for the second time in the past seven trading sessions on […] Read more

AT&T shares rebound on Friday, settlement talks with US Department of Justice turn out to be unsuccessful

Settlement talks between AT&T Inc (T) and the US Department of Justice over At&Ts bid to acquire Time Warner Inc were reported to have failed. AT&T shares closed higher for the fifth time in the past seven trading sessions on Friday. The stock went up 1.32% ($0.50) to $38.24, after touching an intraday high at […] Read more

Lockheed Martin shares hit a fresh all-time high on Friday, company announces partnership with Aerion over development of supersonic business jet

Lockheed Martin Corporation (LMT) said it was cooperating with Aerion Corp over development of the world’s first supersonic business jet. According to Aerion, the jet is expected to be operational by the year 2025. Lockheed Martin shares closed higher for the sixth time in the past eight trading sessions on Friday. It has also been […] Read more

Ford shares fall the most in a week on Thursday, mid-sized sedan production to be relocated to China in 2020

According to sources with knowledge of the situation, citing documents that Ford Motor Company (F) shared with suppliers, production of mid-sized sedans such as Mondeo and Fusion is to be relocated to China in 2020 from Spain and Mexico respectively. Ford shares closed lower for the fifth time in the past fifteen trading sessions on […] Read more

Delta Air shares gain the most in 2 1/2 months on Thursday, airline to order jets from Airbus

According to a filing with the US Securities and Exchange Commission by Delta Air Lines Inc (DAL) on Thursday, it plans a firm order for 100 A321neo jets by Airbus as well as an optional order for additional 100 A321s. Deliveries are expected to begin in Q1 2020, while the new jets are to arrive […] Read more