Articles by: Miroslav Marinoff

Citigroup shares fall the most in two weeks on Wednesday, holding to hire bankers in Saudi Arabia

According to a statement by Carmen Haddad, Chief Executive Officer of Citi Saudi Arabia, the group intends to hire 20 bankers in the Middle Eastern state, where it acquired an investment banking license earlier this year. Citigroup shares closed lower for the first time in the past four trading sessions on Wednesday. It has also […] Read more

Coca-Cola shares edge lower for a fourth session in a row on Wednesday despite revenue, earnings beat during third quarter

Coca-Cola’s third-quarter revenue and earnings, reported on Wednesday, exceeded market expectations, as the companys sales in North America rose 3%. Cokes more aggressive approach to juice, tea and vitamin water sales as well as its cost reduction efforts seemed to have facilitated the expansion of its market share in key regions. Coca-Cola shares closed lower […] Read more

Lockheed Martin shares fall the most in 10 1/2 months on Tuesday as third-quarter earnings disappoint

Lockheed Martin Corporations (LMT) third-quarter earnings and revenue, reported on Tuesday, fell short of market expectations. The company also cut its full-year 2017 earnings forecast. Lockheed Martin shares closed lower for the first time in the past four trading sessions on Tuesday. It has been the sharpest daily loss since December 12th 2016. The stock […] Read more

McDonald’s shares close higher on Tuesday, third-quarter restaurant sales beat estimates helped by promotions and other initiatives

On Tuesday McDonald’s Corporation (MCD) reported higher-than-anticipated third-quarter restaurant sales, as aggressive promotions such as $1 soda deals and new initiatives such as build-your-own burgers facilitated an increase in customer visits for a third consecutive quarter. McDonald’s shares closed higher for the fourth time in the past six trading sessions on Tuesday. The stock edged […] Read more

Boeing shares touch a fresh all-time high on Monday, a $13.8-billion deal signed with Singapore Airlines

At a White House event on Monday Boeing Company (BA) signed a deal with Singapore Airlines Ltd, which involves the sale of 39 aircraft at list prices estimated at $13.8 billion. Boeing shares closed lower for the fifth time in the past seven trading sessions on Monday. It has also been the steepest daily loss […] Read more

AT&T shares fall for a fourth session in a row on Monday, deadline for Time Warner deal extended

According to a statement by AT&T Inc (T) on Monday, the deadline for the closure of the proposed acquisition of Time Warner Inc has been extended by a “short period” of time, so that the required regulatory approvals can be obtained. The prior termination date was October 22nd. AT&T shares closed lower for a fourth […] Read more

General Electric shares recover from over 5% slump on Friday, third-quarter earnings fall short of expectations

General Electric Companys (GE) third-quarter earnings, reported on Friday, fell well short of market consensus, sending its shares down by more than 5% at the start of the trading session. GE also cut its full-year profit forecast. General Electric shares closed higher for a second consecutive trading session on Friday. The stock initially gapped down […] Read more

Tesla shares close lower on Friday, company’s borrowing capacity for car leases almost doubled

According to a filing by Tesla Inc on Friday, the company’s borrowing capacity for a car lease program has been increased from $600 million to $1.1 billion under certain warehouse agreements. Tesla shares closed lower for a second consecutive trading session on Friday. The stock went down 1.91% ($6.71) to $345.10, after touching an intraday […] Read more

Wells Fargo shares gain for a third session in a row on Friday, group dismisses foreign-exchange bankers

According to people with knowledge of the situation, cited by the Wall Street Journal, Wells Fargo & Company (WFC) has dismissed four foreign-exchange bankers, as that business is currently under investigation by regulatory authorities. Reports stated that a senior salesman and traders employed with Wells Fargos securities business in San Francisco and Charlotte had been […] Read more

United Air shares fall the most in 8 years on Thursday as fourth-quarter performance forecasts disappoint

Shares of United Continental Holdings Inc experienced massive selling pressure yesterday, plummeting at a daily rate unseen in eight years, after the company released disappointing fourth-quarter forecasts on performance. United Air shares closed lower for the second time in the past five trading sessions on Thursday. It has also been the sharpest daily loss since […] Read more