Citigroup Inc’s (C) board was reported to have reduced Chief Executive Officer Michael Corbat’s compensation by 6% in 2016, as the holding’s financial objectives had not been accomplished. Corbat’s previous compensation package was not approved by one-third of the bank’s voting shareholders. Citigroup shares closed lower for a second straight […]
Citigroup shares fall a second straight session on Friday, CEO Corbat’s compensation reduced as financial targets not met
Wells Fargo shares retreat a second straight session on Friday, retail trends seen as “relatively stable” in January
According to a February 17th statement by a representative from Wells Fargo & Company (WFC), “relatively...
According to an official from the US Department of Defense, Lockheed Martin’s F-35 fighter jet could cost 16%...
AT&T shares gain a third straight session on Thursday, company to offer an unlimited wireless data plan to non-TV subscribers
According to a February 16th statement by AT&T Inc (T), the company’s non-TV subscribers will be able to...
Verizon shares retreat a third straight session on Wednesday, company moving closer to Yahoo acquisition
According to a person with knowledge of the matter, Verizon Communications Inc (VZ) is moving closer to a new deal to acquire Yahoo’s core Internet business. The new agreement is said to envisage a $250 million to $350 million lower price compared to what has been agreed on initially ($4.83 […]Read more ›
Cisco shares gain the most in two weeks on Wednesday, company’s quarterly earnings top market expectations
Cisco Systems Inc’s (CSCO) adjusted earnings per share outstripped market expectations during the second quarter ended on January 31st, largely supported by sound demand for security products. Cisco shares closed higher for a fifth straight session on Wednesday, while also logging their largest daily increase since February 2nd. The stock […]Read more ›
Apple shares log a fresh all-time high closing level on February 14th, previous record intraday high also broken
Apple’s stock marked its new highest close on record on February 14th, supported by expectations that the release of a 10th-anniversary iPhone will prop up the company’s sales. Apple shares gained 1.30% ($1.73) to $135.02, or a closing price that exceeded the prior record-high close of $133.29, recorded on February […]Read more ›
According to an internal memo, cited by Reuters, NBCUniversal, the media conglomerate owned by Comcast Corporation (CMCSA), has acquired a stake in broadcaster Euronews. At the same time, Noah Oppenheim has been named as NBC News President. No financial details of the deal, however, were revealed in the document. Comcast […]Read more ›
Apple shares register their highest close on record on February 13th ahead of the 10th-anniversary iPhone release
Apple’s stock marked the highest close on record on February 13th, supported by expectations that the release of a 10th-anniversary iPhone will prop up the company’s sales. Apple shares gained 0.89% ($1.17) to $133.29, or a closing price that exceeded the prior record-high close of $133.00, recorded on February 23rd […]Read more ›
DuPont shares gain a third straight session on Monday, company settles lawsuits related to toxic chemical leak
According to a February 13th statement, DuPont (DD) and Chemours Co have agreed to pay $671 million in cash in order to settle a number of lawsuits, related to a leak of toxic chemical used in the production of Teflon. The liability was $300 million below what Wall Street analysts […]Read more ›