Articles by: Miroslav Marinoff

Hewlett Packard shares fall the most in a week on Tuesday, tech giant to acquire Nimble Storage for $1.09 billion

Hewlett Packard Enterprise Co (HPE) was reported to be planning the acquisition of data storage provider Nimble Storage Inc in order to firm its presence in the flash storage business. The deal, estimated to $1.09 billion, was based on Nimble Storages 87.5 million outstanding shares as of November 30th, Reuters reported. Hewlett Packard shares registered […] Read more

Ford shares retreat the most in a week on Monday, a tariff-free Brexit seen as crucial for company’s jobs in the UK

According to a March 7th statement by the Ford Motor Companys President for Europe, a tariff-free trade following a Brexit scenario is crucial for keeping jobs at the companys plants across the United Kingdom. Ford shares closed lower for a third straight trading session on Monday, while also marking their largest daily slump since February […] Read more

GoPro shares fall the most in a month on Monday, Goldman Sachs downgrades the stock to a “sell”

GoPro shares plunged almost 8% during Mondays session, following Goldman Sachs decision to downgrade the stock from “neutral” to a “sell” amid concerns over demand for the companys core products. The financial holding also revised down its price target for GoPro’s stock to $6.00 from $9.50 previously. GoPro shares retreated for a third straight trading […] Read more

Lockheed Martin shares close higher on Friday, company in talks with several European countries over potential F-35 orders

According to a March 3rd statement by Lockheed Martin Corporation (LMT), it is currently in discussions with the Swiss, the Belgian and the Spanish governments in regard to potential orders of the companys F-35 fighter aircraft. Luring new clients is a step towards a considerable cost reduction of Lockheeds military jets, following several production delays. […] Read more

Coca-Cola shares gain a fourth straight session on Friday, Nestea iced tea venture with Nestle to be ended

Coca-Cola Company and Nestle have come to an agreement to put an end to their Nestea iced tea joint venture and continue their separate ways amid dynamic bottled drinks market environment. Beverage Partners Worldwide, which distributes the Nestea iced tea globally, was established by the two entities back in 2001, but soon encountered tough competition […] Read more

PepsiCo shares close higher on Wednesday, company to reduce workforce in Philadelphia

On March 1st it became clear that PepsiCo Inc (PEP) intended to reduce its workforce in Philadelphia by 80 to 100, as the new sugar-sweetened beverage tax in the region adversely affected demand for the companys products. 423 persons are currently employed with PepsiCo at 3 locations in Philadelphia. PepsiCo shares closed higher during Wednesdays […] Read more

Wells Fargo shares gain the most in five weeks on Wednesday, a larger number of clients may be affected by sales scandal, filing reveals

According to a March 1st regulatory filing by Wells Fargo & Company (WFC), a larger number of clients may have been impacted by last years sales scandal than previously claimed. Up to 2.1 million clients may have found themselves having deposit and credit card accounts created in their names without authorization during the course of […] Read more