Kohl’s shares fall a second straight session on Tuesday, a “faster change” seen as crucial by the company’s CEO

March 22, 2017
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 […]

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Nike shares retreat the most in two weeks on Tuesday, company’s quarterly revenue falls short of expectations

March 22, 2017
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 […]

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Wells Fargo shares retreat the most in two months on Monday, applications for credit cards at the bank decrease in February

March 21, 2017
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 […]

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Wal-Mart shares close higher on Monday, retailer to launch investment arm in an attempt to expand e-commerce presence

March 21, 2017
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 […]

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Lockheed Martin shares gain the most in seven weeks on Friday, Germany to purchase six C-130J aircraft

March 20, 2017
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 […]

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Apple shares close lower on Friday, CEO Cook speaks in favor of more active trade relations with China

March 20, 2017
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 […]

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