Ford Motor Company (F) projects to earn less per share during the first quarter and to generate a lower pretax profit this year, as it spends more on commodities, warranties and investments, while at the same time, sales volumes decrease. Ford shares closed lower on Thursday, while also marking their […]
Ford shares close lower on Thursday, lower sales and higher investment activity to pressure company’s first-quarter earnings
Walt Disney shares gain a second straight session on Thursday, Bob Iger’s contract as CEO extended by 1 year
According to a March 23rd statement by Walt Disney, the company’s board decided to extend the term of Bob Iger,...
AT&T shares fall the most in a month on Wednesday, 17 000 workers in Nevada and California take part in a walk-out
Almost 17 000 AT&T employees in Nevada and California were reported to have gone on strike on March 22nd, while...
Wells Fargo shares retreat a fourth straight session on Wednesday, holding launches cardless ATMs in the US
Depositors at Wells Fargo & Company (WFC) will be able to process fund withdrawals at any branded ATM with the...
Kohl’s shares fall a second straight session on Tuesday, a “faster change” seen as crucial by the company’s CEO
According to a March 21st statement by Kevin Mansell, Kohl’s Chief Executive Officer, the operator of department stores has to “change faster”, so that it could respond to tough competition from both on-line and traditional retailers. Kohl’s shares closed lower for a second straight trading session on Tuesday. The stock […]Read more ›
Nike shares retreat the most in two weeks on Tuesday, company’s quarterly revenue falls short of expectations
Nike Inc’s (NKE) revenue had fallen short of market expectations during the third quarter ended on February 28th, actual figures showed on Tuesday, with the world’s largest footwear producer facing fierce competition in North America from rival Adidas AG and a momentum-gaining Under Armour Inc. Nike shares registered their largest […]Read more ›
Wells Fargo shares retreat the most in two months on Monday, applications for credit cards at the bank decrease in February
According to a March 20th statement by Wells Fargo & Company (WFC) new checking accounts and credit card requests at the bank decreased in February, with the latter being the sixth consecutive month of decline. Wells Fargo shares registered their largest daily slump since January 17th on Monday, while also […]Read more ›
Wal-Mart shares close higher on Monday, retailer to launch investment arm in an attempt to expand e-commerce presence
According to a March 20th statement by Wal-Mart Stores Inc (WMT), the retailer is to launch an investment arm in cooperation with retail start-ups, venture capitalists and entrepreneurs in order to boost its e-commerce presence. Marc Lore, the executive of Wal-Mart’s e-commerce operations and also a former executive of on-line […]Read more ›
Lockheed Martin shares gain the most in seven weeks on Friday, Germany to purchase six C-130J aircraft
According to Reuters, citing government documents, Germany intends to purchase six C-130J military transport planes from Lockheed Martin Corporation (LMT) at an approximate value of EUR 900 million under a joint agreement with France. The German government is to formally request procurement of the jets in 2019. At the same […]Read more ›
Apple shares close lower on Friday, CEO Cook speaks in favor of more active trade relations with China
In a speech at a forum in Beijing on March 18th, Apple CEO Tim Cook supported globalization and noted that China should continue developing economic relations with foreign companies. Cook’s remarks came amid growing tension between the United States and China, as US President Trump’s statements in favor of protectionism […]Read more ›