Citigroup shares close higher on Friday, assets of Citi’s commercial banking unit in Brazil to be doubled by 2020

February 19, 2019
Citigroup shares close higher on Friday, assets of Citi’s commercial banking unit in Brazil to be doubled by 2020

According to a statement by Antonio Rubens, head of Citigroup Inc’s commercial banking division in Brazil, on Monday, the unit’s assets are to be doubled by the year 2020, as lending to mid-sized corporate clientèle registered growth. Citigroup shares closed higher for the fifth time in the past eleven trading […]

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Ford shares gain for a second straight session on Friday, jury awards $152 million to plaintiff in vehicle rollover case

February 19, 2019
Ford shares gain for a second straight session on Friday, jury awards $152 million to plaintiff in vehicle rollover case

According to a report by Reuters, a jury in Alabama awarded $151.8 million to Travaris Smith, a young man who remained paralyzed as a result of a rollover accident in 2015, which involved a Ford Explorer sport-utility vehicle. The jury found on Friday that the 1998 Explorer failed to meet […]

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Apple shares close lower on Friday, company’s greatest mistake under CEO Cook has been not acquiring Netflix, Wedbush’s Ives says

February 18, 2019
Apple shares close lower on Friday, company’s greatest mistake under CEO Cook has been not acquiring Netflix, Wedbush’s Ives says

The greatest strategic mistake Apple Inc has made since Tim Cook took the helm at the tech company is not acquiring Netflix, Daniel Ives, managing director of equity research at Wedbush, said for CNBC on Friday. Apple shares closed lower for the fifth time in the past thirteen trading sessions […]

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Citigroup shares gain the most in a month on Friday, CEO Corbat receives $24 million as 2018 compensation

February 18, 2019
Citigroup shares gain the most in a month on Friday, CEO Corbat receives $24 million as 2018 compensation

According to a statement by Citigroup Inc on Friday, Chief Executive Officer Michael Corbat is to receive $24 million as total compensation for 2018, or a 4.35% increase compared to 2017. Members of the board took into account the group’s earning operating performance as well as market levels of pay, […]

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Amazon shares close lower on Thursday, on-line giant faces investigation by Austria’s competition authority

February 15, 2019
Amazon shares close lower on Thursday, on-line giant faces investigation by Austria’s competition authority

Austria’s competition authority announced on Thursday that an investigation had been embarked on into whether Amazon.com Inc (AMZN) was exploiting its leading market positions against retailers that make use of its website as a marketplace. The announcement comes after a similar decision by German regulatory authorities, which said in November […]

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Johnson & Johnson shares gain for a second straight session on Wednesday, company to acquire Auris Health Inc for $3.4 billion

February 14, 2019
Johnson & Johnson shares gain for a second straight session on Wednesday, company to acquire Auris Health Inc for $3.4 billion

Johnson & Johnson (JNJ) announced on Wednesday that it intended to acquire Auris Health Inc, a privately held surgical robotics company, in an all-cash deal valued at about $3.4 billion. Johnson & Johnson also said that it would pay additional $2.35 billion, in case Auris reaches particular milestones. However, the […]

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