General Electric shares fall for a second straight session on Thursday, company should stick to Alstom commitments, France’s Le Maire says

June 15, 2018
General Electric shares fall for a second straight session on Thursday, company should stick to Alstom commitments, France’s Le Maire says

France’s Minister of Finance Bruno Le Maire said on Thursday that General Electric Company (GE) should stick to job commitments at Alstom, after the company’s CEO John Flannery informed Le Maire that GE’s objective was now “out of reach”. General Electric shares closed lower for a second consecutive trading session […]

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Kohl’s shares fall for a second straight session on Thursday as Citigroup downgrades the stock to “Neutral”

June 15, 2018
Kohl’s shares fall for a second straight session on Thursday as Citigroup downgrades the stock to “Neutral”

Shares of Kohl’s Corporation (KSS) retreated more than 3% during yesterday’s trading session after Citigroup downgraded the stock to “Neutral” from “Buy” with a price target of $75 due to concerns over insufficiently strong traffic. Kohl’s shares closed lower for a second consecutive trading session in New York on Thursday. […]

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Netflix shares hit a fresh record high on Wednesday as Goldman Sachs revises up price target to a Street-high of $490

June 14, 2018
Netflix shares hit a fresh record high on Wednesday as Goldman Sachs revises up price target to a Street-high of $490

Shares of Netflix Inc (NFLX) rose the most in two months during yesterday’s trading session after Goldman Sachs raised its price target on the stock to $490 from $390 previously. According to FactSet data, Goldman has now set the highest price target out of the 36 analysts who provide forecasts […]

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General Motors shares rebound on Wednesday, company appoints Dhivya Suryadevara as Chief Financial Officer

June 14, 2018
General Motors shares rebound on Wednesday, company appoints Dhivya Suryadevara as Chief Financial Officer

According to a statement by General Motors Company (GM) on Wednesday, Dhivya Suryadevara has been appointed as Chief Financial Officer, effective on September 1st. Current CFO Chuck Stevens is to stay with the company as an adviser until he retires in March next year after a 40-year career. General Motors […]

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Bank of America shares close lower on Tuesday, over 1 million clients reportedly using bank’s Erica virtual assistant

June 13, 2018
Bank of America shares close lower on Tuesday, over 1 million clients reportedly using bank’s Erica virtual assistant

Bank of America Corp (BAC) said on Tuesday that more than 1 million clients were now using Erica, the first widely available AI-driven virtual assistant in financial services, which they can access through the bank’s mobile banking app. Bank of America shares closed lower for the third time in the […]

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McDonald’s shares rebound on Tuesday, company to take $80-$90 million in charges as it restructures US operations

June 13, 2018
McDonald’s shares rebound on Tuesday, company to take $80-$90 million in charges as it restructures US operations

According to a statement on McDonald’s Corp’s investor relations page on Monday, the company expects to take charges estimated at $80-$90 million during the second quarter as a result of its restructuring program in the United States that also involves layoffs. However, it did not disclose how many employees would […]

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Starbucks shares fall for a third straight session on Monday, company launches Starbucks Rewards Visa Prepaid Card

June 12, 2018
Starbucks shares fall for a third straight session on Monday, company launches Starbucks Rewards Visa Prepaid Card

Starbucks Corporation (SBUX) said on Monday that it had launched the Starbucks Rewards Visa Prepaid Card, or the first debit card allowing clients to earn Stars outside of the coffee chain. Starbucks shares closed lower for a third consecutive trading session on Monday. The stock edged down 0.21% ($0.12) to […]

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Tesla shares gain for a second straight session on Monday, full self-driving features for company’s Autopilot to be launched in August

June 12, 2018
Tesla shares gain for a second straight session on Monday, full self-driving features for company’s Autopilot to be launched in August

Shares of Tesla Inc (TSLA) surged almost 5% on Monday, after CEO Elon Musk said in a tweet that full self-driving features would be introduced for the company’s Autopilot driver assistance system through a software upgrade in August. Tesla shares closed higher for a second consecutive trading session on NASDAQ […]

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Comcast shares rebound on Friday, company to gain unconditional EU antitrust approval for Sky bid

June 11, 2018
Comcast shares rebound on Friday, company to gain unconditional EU antitrust approval for Sky bid

According to a report by Reuters on Friday, citing sources with knowledge of the matter, Comcast Corporation (CMCSA) is poised to receive unconditional approval from EU antitrust regulators for its offer to acquire pay-TV company Sky. Comcast shares closed higher for the fourth time in the past nine trading sessions […]

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Apple shares fall for a second straight session on Friday, new model iPhones made in 2018 to be 20% fewer, Nikkei reports

June 11, 2018
Apple shares fall for a second straight session on Friday, new model iPhones made in 2018 to be 20% fewer, Nikkei reports

According to a report by the Nikkei Asian Review on Friday, citing industry sources, Apple Inc (AAPL) forecasts to sell 80 million new model iPhones in 2018, or 20% fewer compared to what the tech giant had planned in 2017. Apple shares closed lower for a second consecutive trading session […]

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