United Parcel shares rebound on Friday, adjusted profit to be increased by automation and expansion efforts by 2022, company says

September 15, 2018
United Parcel shares rebound on Friday, adjusted profit to be increased by automation and expansion efforts by 2022, company says

According to an announcement by United Parcel Service Inc (UPS) on Thursday, the company expects its adjusted earnings per share to increase between $1.00 and $1.20 by 2022 as a result of automation and expansion efforts. The entire capital spending project, involving facility automation and expansion, is estimated at $20 […]

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General Motors shares gain for a second straight session on Thursday, over 1 million vehicles to be recalled in the United States

September 14, 2018
General Motors shares gain for a second straight session on Thursday, over 1 million vehicles to be recalled in the United States

According to a statement by the National Highway Traffic Safety Administration, over 1 million sport-utility vehicles and pickup trucks are to be recalled by General Motors Company (GM) in the United States because of an issue related to a temporary loss of power steering. General Motors shares closed higher for […]

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FedEx shares rebound on Wednesday, 55 000 workers to be hired for holiday shopping season

September 13, 2018
FedEx shares rebound on Wednesday, 55 000 workers to be hired for holiday shopping season

FedEx Corporation (FDX) announced on Wednesday that it intended to hire 55 000 temporary workers for the holiday shopping season. That means about 10% more temporary workers compared to 2017, when the package delivery company added approximately 50 000 seasonal jobs. FedEx also said it would raise hours for some […]

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Macy’s shares close flat on Wednesday, 80 000 temporary workers to be hired for holiday shopping season

September 13, 2018
Macy’s shares close flat on Wednesday, 80 000 temporary workers to be hired for holiday shopping season

According to an announcement by Macy’s Inc (M) on Wednesday, 80 000 temporary workers will be hired to handle extra client traffic during the busy holiday shopping season, which begins a day after Thanksgiving and goes on into early January. In 2017, the exact number of temporary workers had been […]

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Boeing shares rebound on Tuesday, company boosts forecast for Chinese plane purchases

September 12, 2018
Boeing shares rebound on Tuesday, company boosts forecast for Chinese plane purchases

Boeing Company (BA) announced on Tuesday it now expected purchases of 7 690 new aircraft for about $1.2 trillion by the Chinese airlines over the period to 2037, as air carriers seek to respond to rising consumer and business demand for air travel. The new estimate represents an upward revision […]

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J.P. Morgan Chase shares rebound on Tuesday, group to establish wealth management business in Luxembourg

September 12, 2018
J.P. Morgan Chase shares rebound on Tuesday, group to establish wealth management business in Luxembourg

J.P. Morgan Chase & Co (JPM) unveiled on Tuesday restructuring plans, involving the establishment of Wealth Management business operation in Luxembourg in order to improve capabilities in divisions such as Treasury Services and Custody & Fund Services. J.P. Morgan Chase shares closed higher for the third time in the past […]

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