Orion Engineered Carbons shares close lower on Monday, Lorin Crenshaw appointed as Orion’s next Chief Financial Officer

October 15, 2019
Orion Engineered Carbons shares close lower on Monday, Lorin Crenshaw appointed as Orion’s next Chief Financial Officer

Orion Engineered Carbons SA (OEC), an international supplier of specialty and high-performance Carbon Black, said on Monday that it had appointed Lorin Crenshaw as the next Chief Financial Officer of the Orion group. Crenshaw is to assume the new role on November 4th. Shares of Orion Engineered Carbons closed lower […]

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Citigroup shares gain for a fourth straight session on Monday, group agrees to pay $30 million fine for violating real estate holding rules

October 15, 2019
Citigroup shares gain for a fourth straight session on Monday, group agrees to pay $30 million fine for violating real estate holding rules

According to an announcement by the US Office of the Comptroller of the Currency on Friday, Citibank is to pay a fine of $30 million, as it repeatedly violated real estate holding rules and did not manage to meet its commitment to take corrective actions. Citigroup shares closed higher for […]

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United Air shares close lower on Friday, 737 MAX flights cancelled until early January, air carrier says

October 14, 2019
United Air shares close lower on Friday, 737 MAX flights cancelled until early January, air carrier says

United Airlines Holdings Inc (UAL) announced on Friday that cancellations of Boeing 737 MAX flights would be extended until January 6th, since proposed software changes to the globally grounded jet are still extensively reviewed by regulatory authorities. Previously, United’s 14 Boeing 737 MAX 9 jets were pulled off its flight […]

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Target shares gain for a third straight session on Thursday, company appoints Michael Fiddelke as its next Chief Financial Officer

October 11, 2019
Target shares gain for a third straight session on Thursday, company appoints Michael Fiddelke as its next Chief Financial Officer

Target Corp (TGT) said earlier this week that Michael Fiddelke had been appointed as its next Executive Vice President and Chief Financial Officer. Having been part of Target’s team for over 15 years, Fiddelke most recently was senior vice president of operations. He is to replace Cathy Smith, who had […]

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General Motors shares gain for a second straight session on Thursday, vehicle sales in China shrink over 17% year-on-year during third quarter

October 11, 2019
General Motors shares gain for a second straight session on Thursday, vehicle sales in China shrink over 17% year-on-year during third quarter

Vehicle sales in China registered an annual drop of 17.5% during the quarter ended on September 30th, General Motors Company (GM) said. Sales were strongly affected by sluggish economic growth amid the US-China trade war as well as by fierce competition in GM’s mid-priced SUV segment. General Motors shares closed […]

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James River Group shares plunge over 20% on Wednesday, stock rating, price target revised down after company cancels auto insurance for Rasier LLC

October 10, 2019
James River Group shares plunge over 20% on Wednesday, stock rating, price target revised down after company cancels auto insurance for Rasier LLC

James River Group Holdings Ltd (JRVR) said that it intended to cancel all insurance policies issued to Rasier LLC, Uber’s commercial auto business, and also JRVR’s most important customer. The announcement led to downward revisions of the stock’s rating and price target by at least two brokerage firms. Shares of […]

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Exxon Mobil shares rebound on Wednesday, oil major reportedly exploring sale of Malaysian upstream offshore assets

October 10, 2019
Exxon Mobil shares rebound on Wednesday, oil major reportedly exploring sale of Malaysian upstream offshore assets

According to a report by Bloomberg, citing sources with knowledge of the matter, Exxon Mobil Corp (XOM) is exploring an opportunity to sell its Malaysian upstream offshore assets for up to $3 billion. Since the sale considerations are at an early stage, an agreement could still not be reached, the […]

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Amazon shares fall for a second straight session on Tuesday, company establishes larger local store and marketplace in Singapore

October 9, 2019
Amazon shares fall for a second straight session on Tuesday, company establishes larger local store and marketplace in Singapore

Amazon.com Inc has established a larger local store and marketplace in Singapore, Reuters reported, as the e-commerce company seeks to expand its product selection and step up competition with rivals, including Alibaba Group Holding Ltd’s Lazada and Sea Ltd’s Shopee. Amazon shares closed lower for a second consecutive trading session […]

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AMD shares fall for a second straight session on Tuesday, company unveils Radeon RX 5500 Series graphics products

October 9, 2019
AMD shares fall for a second straight session on Tuesday, company unveils Radeon RX 5500 Series graphics products

Advanced Micro Devices Inc (AMD) earlier this week unveiled the Radeon RX 5500 series graphics products, which harness advanced RDNA gaming architecture, in order to deliver top-class high-performance, high-fidelity 1080p gaming. The Radeon RX 5500 series include the Radeon RX 5500 graphics card, which is expected to be available in […]

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Unilever shares close little changed on Monday, company to halve use of newly made plastic by 2025

October 8, 2019
Unilever shares close little changed on Monday, company to halve use of newly made plastic by 2025

Unilever said that it intended to halve its use of newly made plastic by reducing its “absolute use of plastic packaging” by more than 100 000 tonnes and by “accelerating its use of recycled plastic” by the year 2025. The consumer goods giant also pledged to “help collect and process […]

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