FedEx shares touch lows unseen since May 2017 on Monday, Bank of America Merrill Lynch downgrades stock to “Neutral”, cuts price target

December 11, 2018
FedEx shares touch lows unseen since May 2017 on Monday, Bank of America Merrill Lynch downgrades stock to “Neutral”, cuts price target

Yesterday Bank of America Merrill Lynch revised down its rating on FedEx Corporation (FDX) to “Neutral” from “Buy” previously, as the firm cited the sudden departure of David Cunningham, the Chief Executive of FedEx Corp’s air delivery unit during the past week. Bank of America Merrill Lynch also cut its […]

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Tesla shares close lower on Friday, Dane Butswinkas to replace Todd Maron as company’s general counsel

December 10, 2018
Tesla shares close lower on Friday, Dane Butswinkas to replace Todd Maron as company’s general counsel

According to an announcement by Tesla Inc (TSLA) last week, Washington, D.C. trial lawyer Dane Butswinkas has been hired as the company’s general counsel. A report by Bloomberg stated that the appointment had been made so that Tesla could settle a case with the US Securities and Exchange Commission (SEC). […]

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Apple shares fall for a third straight session on Friday, company hires Jason Oberfest, former CEO of Mango Health

December 10, 2018
Apple shares fall for a third straight session on Friday, company hires Jason Oberfest, former CEO of Mango Health

According to a report by CNBC, citing people with knowledge of the matter, Apple Inc’s health team has hired Jason Oberfest, the former Chief Executive of Mango Health. Apple shares closed lower for a third consecutive trading session on NASDAQ on Friday. It has also been the steepest daily loss […]

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Kroger shares close higher on Thursday, third-quarter comparable sales miss Wall Street estimates

December 7, 2018
Kroger shares close higher on Thursday, third-quarter comparable sales miss Wall Street estimates

Kroger Company’s (KR) quarterly comparable sales, reported on Thursday, fell short of Wall Street estimates, influenced by disruptions resulting from store remodeling as the company has sought to provide more shelf space for best-selling items. Shares of Kroger Company closed higher for the sixth time in the past eleven trading […]

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Tesla shares gain for a third straight session on Tuesday, company’s facility in China to start producing in second half of 2019

December 6, 2018
Tesla shares gain for a third straight session on Tuesday, company’s facility in China to start producing in second half of 2019

According to an official WeChat post by the Shanghai government on Wednesday, Tesla Inc’s facility in China is set to begin production during the second half of 2019. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Tuesday. The stock went up 0.34% ($1.21) to $359.70, […]

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AT&T shares close lower on Tuesday, company to launch a second 5G smart phone in 2019

December 6, 2018
AT&T shares close lower on Tuesday, company to launch a second 5G smart phone in 2019

AT&T said on Tuesday that it was cooperating with Samsung to launch a standards-based 5G smart phone during the first half of 2019. A day later the company said that another 5G device from Samsung would be launched next year, possibly during the second half. This new device will be […]

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J.P. Morgan shares close lower on Tuesday, J.P. Morgan Private Bank announces new hires to reach more clients in BeNeLux and Nordic area

December 5, 2018
J.P. Morgan shares close lower on Tuesday, J.P. Morgan Private Bank announces new hires to reach more clients in BeNeLux and Nordic area

J.P. Morgan Private Bank announced on Tuesday that it had recently hired several new advisors, as it seeks to expand its reach to ultra-high net worth customers in several European markets of high significance to the company. J.P. Morgan Chase shares closed lower for the fifth time in the past […]

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Western Union shares fall for a second straight session on Tuesday, company establishes new global headquarters in Denver

December 5, 2018
Western Union shares fall for a second straight session on Tuesday, company establishes new global headquarters in Denver

Western Union Company (WU) said on Tuesday that it had finalized the relocation of its global headquarters from Englewood to a new, highly-visible location in Denver, Colorado. The company also revealed plans to make a long-term investment of over $300 million to the local community over the upcoming ten years. […]

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Bank of America shares gain for a second straight session on Monday, bank finalizes relocation of its European operations to Dublin

December 4, 2018
Bank of America shares gain for a second straight session on Monday, bank finalizes relocation of its European operations to Dublin

Bank of America Corp announced on Monday that it had finalized the relocation of its banking and markets operations in Europe from London to a new headquarters in Dublin. The bank also said that all regulatory and court approvals required had been received. Bank of America shares closed higher for […]

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Verizon shares close lower on Monday, company to launch 5G smart phones with Samsung in the US next year

December 4, 2018
Verizon shares close lower on Monday, company to launch 5G smart phones with Samsung in the US next year

According to a joint statement by Verizon Communications Inc (VZ) and Samsung Electronics Co Ltd on Monday, the two companies intend to launch 5G smart phones in the United States during the first half of 2019. Verizon shares closed lower for the sixth time in the past thirteen trading sessions […]

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