According to a report by The Times earlier this week, British Prime Minister Theresa May has been informed by Ford Motor Company (F) during a private call with business leaders that the US auto maker is accelerating preparations to relocate production from Britain to alternative sites abroad. In January, Ford […]

Under Armour Inc’s (UAA) fourth-quarter revenue, reported on Tuesday, outstripped Wall Street estimates, as the athletic apparel maker sold fewer products at a discount and more items at full price during the holiday shopping season. Under Armour shares closed higher for a third consecutive trading session in New York on […]

According to a statement by Goldman Sachs Group’s Chief Executive Officer David Solomon on Tuesday, the Wall Street bank strives to expand its mid-sized corporate clientèle over the upcoming several years. Goldman Sachs shares closed higher for the fifth time in the past twelve trading sessions in New York on […]

J.P. Morgan raised on Monday its price target on Boeing Co (BA) from $425 to $450, as it highlighted an improved free cash flow outlook. At the same time, the bank reiterated its “Overweight” rating on the plane maker’s stock. Boeing shares closed lower for a third consecutive trading session […]

Yesterday Bernstein downgraded NVIDIA Corporation (NVDA) from “Outperform” to “Market Perform”, citing severe challenges to growth for the technological company and prospects of continuously rising “headline risk”. Bernstein has assigned a price target of $175 on the stock. NVIDIA shares closed lower for the fourth time in the past fourteen […]

Sanaz Zaimi has been appointed as head of Bank of America Merrill Lynch’s new EU broker-dealer unit, BofA Securities Europe, based in Paris, the Wall Street bank said on Friday. The announcement comes at a time, when major banks seek to continue providing services to customers in Europe after Britain […]

According to a statement by Boeing Co on Friday, the KC-46A aerial refueling tanker program for the US Air Force brought reach-forward losses of $2.31 billion for the plane maker over 2016, 2017 and 2018. Boeing also said the total pre-tax cost of the program reached $3.6 billion. Boeing shares […]

Foot Locker Inc (FL) said on Thursday that it intended to make a $100 million strategic minority investment via its subsidiary in 1661, Inc. (doing business as GOAT), a marketplace for authentic sneakers that operates the GOAT and Flight Club brands (the so called “GOAT Group”). The investment is to […]

According to a statement by BB&T Corporation (BBT) on Thursday, it intends to acquire SunTrust Banks Inc in an all-stock deal valued at $28.24 billion, which as a result, would create the sixth largest bank in the United States in terms of assets and deposits. The deal is expected to […]

General Motors Company’s (GM) fourth-quarter earnings, reported on Wednesday, outstripped Wall Street estimates due to strong sales of high-margin pickup trucks and crossovers in the United States coupled with cost-reduction efforts. The auto maker also kept its full-year 2019 profit forecast unchanged. General Motors shares closed higher for a third […]