IBM shares close lower on Tuesday, former HR executive Lindsay-Rae McIntyre sued over non-competitive agreement violation

February 14, 2018
IBM shares close lower on Tuesday, former HR executive Lindsay-Rae McIntyre sued over non-competitive agreement violation

IBM’s former HR executive Lindsay-Rae McIntyre was sued by the tech company over alleged violation of a 1-year non-competitive agreement. McIntyre was appointed as Chief Diversity Officer at Microsoft during the past weekend. Previously, at IBM, she served as human resources VP and Chief Diversity Officer. IBM shares closed lower […]

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Apple shares gain for a third straight session on Tuesday, shareholders vote against two measures at company’s annual meeting

February 14, 2018
Apple shares gain for a third straight session on Tuesday, shareholders vote against two measures at company’s annual meeting

Apple shareholders reportedly voted against two proposals at the tech company’s annual meeting on February 13th. One of the proposals asked for relaxed rules that allow shareholders to name directors to the board. The other proposal asked for the establishment of a human rights committee at the company. Apple shares […]

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Qualcomm shares gain for a second straight session on Monday, company to meet with Broadcom on Wednesday

February 13, 2018
Qualcomm shares gain for a second straight session on Monday, company to meet with Broadcom on Wednesday

According to people with knowledge of the situation, Qualcomm Incorporated (QCOM) is to meet with Broadcom Ltd on February 14th to discuss Broadcom’s $121 billion acquisition proposal. It will be the first time, when the two entities will talk about a potential deal, Reuters reported. The shares of Qualcomm Incorporated […]

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Citigroup shares gain for a second straight session on Monday, bank to open innovation center in London in spite of Brexit

February 13, 2018
Citigroup shares gain for a second straight session on Monday, bank to open innovation center in London in spite of Brexit

According to a report by the Financial Times during the weekend, Citigroup Inc (C) intends to establish an innovation center in London, which is to host the bank’s Middle East and Africa (EMEA) unit. Citigroup shares closed higher for a second consecutive trading session on Monday. The stock went up […]

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NVIDIA shares gain the most in six months on Friday, prices of company’s GPUs skyrocket on exceptionally strong consumer demand

February 12, 2018
NVIDIA shares gain the most in six months on Friday, prices of company’s GPUs skyrocket on exceptionally strong consumer demand

Popularity of NVIDIA’s graphic processors (GPUs) has grown to such an extent, that PC gamers as well as cryptocurrency miners feel comfortable to pay several times the retail list price in order to acquire one on-line. NVIDIA shares closed higher for the third time in the past seven trading sessions […]

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Bank of America shares close higher on Friday, group CEO Moynihan’s incentive compensation approved by the board

February 12, 2018
Bank of America shares close higher on Friday, group CEO Moynihan’s incentive compensation approved by the board

According to a statement by Bank of America Corporation (BAC) on Friday, CEO Brian Moynihan’s incentive compensation for the past year has been approved by the board. The CEO’s compensation is comprised of a base salary, time-based restricted stock units and performance-based restricted stock units, paid only if the group […]

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