According to a January 13th statement by the US Securities and Exchange Commission (SEC), Morgan Stanley is expected to pay $13 million in relation with civil charges, after the holding company billed a number of wealth management customers more than it should due to billing system errors. Morgan Stanley also […]
Morgan Stanley shares close higher on Friday, holding to pay $13 million in relation with customer over-billing
Lockheed Martin shares gain for the first time in five sessions on Friday, CEO Hewson says agreement for lower F-35 costs on the horizon
Following a meeting with US President-elect Donald Trump on Friday, Lockheed Martin CEO Marillyn Hewson said the company...
Lowe’s shares gain the most in a week on Thursday, company to reduce workforce by “less than 1 percent”
According to a person with knowledge of the matter, cited by CNBC, Lowe’s Companies Inc is expected to reduce its...
Delta Air shares retreat the most in a week on Thursday, company reports a 37% slump in Q4 net income
A report by Delta Air Lines Inc, released on January 12th, revealed a 37% slump in the company’s fourth-quarter...
JP Morgan Chase shares gain the most in a week on Wednesday, JP Morgan Securities to pay $900 000 in relation with supervision issues
According to a statement by the US Commodity Futures Trading Commission (CFTC) from January 11th, JP Morgan Securities LLC, a division of JP Morgan Chase & Co, will have to pay $900 000 in order to settle allegations accusing it of not being able to properly supervise the process of […]Read more ›
Fiat Chrysler shares gain a ninth straight session on Wednesday, chances for the group to achieve 2018 objectives “greater than 50%”
According to a person familiar with discussions, at a meeting with Wall Street analysts on January 11th Fiat Chrysler Chief Executive Officer Sergio Marchionne said that the probability for the company to achieve its financial objectives for 2018 was “significantly greater than 50 percent”. Fiat Chrysler shares closed higher for […]Read more ›
Boeing shares gain for a fifth time in six sessions on Tuesday, an internal memo reveals key personnel layoffs
An internal memo by Boeing Company revealed on Tuesday potential involuntary layoffs of engineers this year, as the aircraft manufacturer encounters fierce competition amid lower jet shipments. The document also featured a number of job categories, which may be affected by voluntary layoffs in the state of Washington, South Carolina […]Read more ›
Wells Fargo shares gain for the first time in four sessions on Tuesday, holding strives to rebuild trust with a new compensation scheme
Wells Fargo & Company revealed a new long-term compensation plan for branch bankers, which is to include incentives based on customer service rather than sales objectives, according to an internal document provided by Mary Eshet, a spokesperson from the bank holding. The new compensation structure comes at a time, when […]Read more ›
Fiat Chrysler shares gain a seventh straight session on Monday, company to discontinue Mexican production in case of high tariffs
On January 9th, at the Detroit auto show, Fiat Chrysler’s Chief Executive Officer Sergio Marchionne said that in case the Trump administration sets quite high tariffs on vehicles manufactured in Mexico and then imported to the United States, the company may discontinue production process at its Mexican plants. Fiat Chrysler […]Read more ›
Black & Decker shares drop a second straight session on Monday, company to establish a $35 million plant in the United States
James Loree, Stanley Black & Decker Inc.’s Chief Executive Officer, has informed President-elect Donald Trump about his company’s decision to establish a $35 million plant in the United States, an e-mail briefing from the Republican National Committee revealed. According to Sean Spicer, head of communications at the Republican National Committee, […]Read more ›