IBM shares inch up at the close on Tuesday, partnership with Elite Airways extended by IBM’s The Weather Channel

June 21, 2017
IBM shares inch up at the close on Tuesday, partnership with Elite Airways extended by IBM’s The Weather Channel

According to IBM’s The Weather Company, Elite Airways is to continue using its WSI Fusion global tracking and dispatch services. Meanwhile, an aviation product suite, which consists of four products combining proprietary weather-tracking solutions, is to be added as well. IBM shares closed higher for a sixth time in the […]

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Adobe shares gain for a third session in a row on Tuesday, second-quarter profit exceeds expectations, current-quarter forecast also tops

June 21, 2017
Adobe shares gain for a third session in a row on Tuesday, second-quarter profit exceeds expectations, current-quarter forecast also tops

Adobe Systems Incorporated’s (ADBE) second-quarter net income and current-quarter forecast outstripped market expectations as a result of the software producer’s swift push to the cloud. Creative Cloud, the flagship product of Adobe’s digital media business, encompasses the Photoshop photo-editing software as well as the Flash web video building application. Adobe […]

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General Electric shares close lower on Monday, company not willing to share 797 engines with global competitors

June 20, 2017
General Electric shares close lower on Monday, company not willing to share 797 engines with global competitors

According to a statement by a company representative, General Electric (GE) is not willing to share turbine production for Boeing’s 797 middle market aircraft with major competitors such as Rolls Royce and Pratt & Whitney. The 797 jet is expected to be put into service in 2025. General Electric shares […]

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Amazon shares gain for a second session in a row on Monday, company plays a major role in Wi-Fi speaker market, Strategy Analytics says

June 20, 2017
Amazon shares gain for a second session in a row on Monday, company plays a major role in Wi-Fi speaker market, Strategy Analytics says

A report by Strategy Analytics showed that sales of Wi-Fi-based wireless speakers had grown 62% in 2016, while Amazon.com Inc (AMZN) had contributed to 77% of total shipments. Amazon shares closed higher for a second consecutive trading session on Monday. The stock went up 0.76% ($7.46) to $995.17, after touching […]

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Boeing shares gain for a fourth session in a row on Friday, jet orders in the Middle East undisrupted, executives say

June 19, 2017
Boeing shares gain for a fourth session in a row on Friday, jet orders in the Middle East undisrupted, executives say

According to executives from Boeing and Rolls-Royce, no delays or cancellations of jet orders have so far been registered as a result of recent instability in the Middle East. Travel demand in the region has been pressured by a dispute between Qatar and neighboring Gulf countries in regard to presumptive […]

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General Motors shares retreat the most in three weeks on Friday, a manufacturing facility to be opened in Arlington, over 850 jobs to be added

June 19, 2017
General Motors shares retreat the most in three weeks on Friday, a manufacturing facility to be opened in Arlington, over 850 jobs to be added

According to a June 16th statement by General Motors Company (GM), a manufacturing facility for suppliers is to be opened at the company’s assembly plant in Arlington, Texas. As a result, over 850 new job positions are expected to be created. General Motors shares closed lower for a second consecutive […]

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