General Motors shares touch highs unseen since late October on Tuesday, company expects flat earnings in 2018 and a profit increase in 2019

January 17, 2018
General Motors shares touch highs unseen since late October on Tuesday, company expects flat earnings in 2018 and a profit increase in 2019

During a presentation on Tuesday, General Motors Company (GM) said it expected flat earnings in 2018 compared to the prior year and an increase in its profit in 2019, when it would introduce a renovated line of high-margin pickup trucks on the US market. General Motors shares closed higher for […]

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General Electric shares fall the most in two months on Tuesday, fourth-quarter results to be hit by $6.2 billion insurance portfolio charge

January 17, 2018
General Electric shares fall the most in two months on Tuesday, fourth-quarter results to be hit by $6.2 billion insurance portfolio charge

According to a statement by General Electric Co on Tuesday, its fourth-quarter results will be influenced by a $6.2 billion charge related with a decade-old insurance portfolio, which covers long-term health care costs. When adjusted in accordance with the recently-passed US corporate tax rate cut, the charge would increase to […]

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Walt Disney shares gain for a second straight session on Friday, CEO Iger’s compensation shrinks 17% in fiscal 2017

January 16, 2018
Walt Disney shares gain for a second straight session on Friday, CEO Iger’s compensation shrinks 17% in fiscal 2017

A proxy statement filed on Friday revealed that Walt Disney Chief Executive Bob Iger’s compensation for fiscal 2017 dropped 17% compared to a year ago. Other company executives saw decreases in their total pay as well. Walt Disney shares closed higher for a second consecutive trading session on Friday. The […]

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Ford shares gain for a second straight session on Friday, company to increase investment in electric vehicles to $11 billion by 2022

January 16, 2018
Ford shares gain for a second straight session on Friday, company to increase investment in electric vehicles to $11 billion by 2022

In a speech at the Detroit auto show on Sunday, Ford Motor Co’s Chairman Bill Ford said that investments in electric vehicles would be increased considerably to reach $11 billion by the year 2022. At the same time, the auto maker’s global model lineup is to include 40 electrified vehicles, […]

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CVS shares close lower on Friday, company does not intend to relocate Aetna’s headquarters

January 15, 2018
CVS shares close lower on Friday, company does not intend to relocate Aetna’s headquarters

According to a statement by CVS Health Corp (CVS) on Friday, Aetna Inc’s headquarters will be kept in Connecticut once the $69 billion acquisition of the health insurance company is finalized. Last year Aetna Inc had announced plans to relocate its headquarters to New York during 2018. CVS shares closed […]

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Fiat Chrysler shares close lower in New York on Friday, 162 000 minivans reportedly recalled due to software glitch

January 15, 2018
Fiat Chrysler shares close lower in New York on Friday, 162 000 minivans reportedly recalled due to software glitch

According to a Friday statement by Fiat Chrysler Automobiles NV (FCAU), over 162 000 Chrysler Pacifica minivans manufactured in 2017 are being recalled due to a software glitch that may lead to an engine stall. As of 8:27 GMT on Monday the shares of Fiat Chrysler were gaining 0.10% (EUR […]

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