Intel shares gain for a fourth straight session on Tuesday, tech giant acquires Barefoot Networks for an undisclosed amount

June 12, 2019
Intel shares gain for a fourth straight session on Tuesday, tech giant acquires Barefoot Networks for an undisclosed amount

Intel Corp said on Tuesday that it had agreed to acquire Barefoot Networks, an emerging leader in Ethernet switch silicon and software for use in data centers. However, the terms of the deal remained undisclosed. Barefoot Networks is expected to aid Intel’s data center group in meeting the fast-changing needs […]

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Facebook shares gain for a sixth straight session on Tuesday, MoffettNathanson upgrades stock to “Buy” on “improving underlying fundamentals”

June 12, 2019
Facebook shares gain for a sixth straight session on Tuesday, MoffettNathanson upgrades stock to “Buy” on “improving underlying fundamentals”

MoffettNathanson on Tuesday raised its rating on Facebook Inc (FB) from “Neutral” to “Buy”, as it cited “improving underlying fundamentals” and new opportunities for growth that could mitigate regulatory risks. The firm has assigned a 12-month price target of $210 on the stock. Facebook shares closed higher for a sixth […]

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Microsoft shares touch a fresh all-time high on Monday, company to launch its “Project Scarlett” Xbox game console next year

June 11, 2019
Microsoft shares touch a fresh all-time high on Monday, company to launch its “Project Scarlett” Xbox game console next year

At the Xbox E3 conference in Los Angeles, Microsoft Corporation (MSFT) revealed its next-generation Xbox game console, dubbed “Project Scarlett”, which is expected to be made available for purchase during the holiday season of 2020. Microsoft shares closed higher for a fifth consecutive trading session on NASDAQ on Monday. The […]

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American Airlines shares close lower on Monday, air carrier extends 737 MAX flight cancellations through September 3rd

June 11, 2019
American Airlines shares close lower on Monday, air carrier extends 737 MAX flight cancellations through September 3rd

American Airlines Group (AAL) said during the weekend that it would extend cancellations of some 115 daily flights through September 3rd, as Boeing’s 737 MAX still remains affected by the grounding order. The air carrier had previously announced that flights would be canceled until August 19th. American Airlines shares closed […]

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Walmart shares gain for a fifth straight session on Friday, retailer restarts grocery delivery service directly to customers’ fridges

June 10, 2019
Walmart shares gain for a fifth straight session on Friday, retailer restarts grocery delivery service directly to customers’ fridges

Walmart Inc said last week that it would relaunch a service, which offers the delivery of groceries straight to customers’ refrigerators, as the retailer explores new ways of offering less costly and fast delivery of on-line orders. Starting in the fall, the service will be provided to more than 1 […]

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Ford shares fall for a second straight session on Thursday, engine facility in Bridgend to be shut down by September 2020, trade union says

June 7, 2019
Ford shares fall for a second straight session on Thursday, engine facility in Bridgend to be shut down by September 2020, trade union says

Ford Motor Company (F) intends to shut down its engine facility located in Bridgend, south Wales, by September 2020, which would place 1 700 job positions at risk, a British trade union said in a statement on Thursday. Ford’s contract to supply Jaguar Land Rover also ends in September 2020, […]

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