According to a report by Bloomberg earlier this week, last year a cease-and-desist letter was sent to Tesla Inc (TSLA) by the US National Highway Traffic Safety Administration (NHTSA), as the electric car maker failed to comply with the regulator’s guidelines in its statements regarding Model 3 safety. The NHTSA […]

Walt Disney Company (DIS) intends to bundle its three streaming services – Disney+, ESPN+ and ad-supported Hulu, for a monthly cost of $12.99. According to Walt Disney’s Chief Executive Bob Iger, the bundle will be available for US customers when Disney+ is launched on November 12th. Walt Disney shares closed […]

Morgan Stanley on Tuesday upgraded Ford Motor Company (F) from “Equal Weight” to “Overweight”, as the firm highlighted a “significant increase” in estimates for the auto maker’s earnings over the upcoming three years and also stressed on Ford’s “restructuring actions”, “strategic actions” and “product mix enhancement.” Morgan Stanley also raised […]

According to a report by the Mainichi newspaper on Tuesday, the Japanese Fair Trade Commission has launched a probe into whether Apple Inc (AAPL) caused pressure on domestic parts makers and abused its dominant position, violating antimonopoly rules. Apple shares closed higher for the sixth time in the past thirteen […]

Flipkart, Walmart Inc’s unit based in Bengaluru, India, is about to launch a free video service for all of its 160 million clients later in August, as the on-line retailer explores new ways to reach more users in smaller cities. Walmart shares closed lower for the ninth time in the […]

Fox Corp (FOX) announced on Monday that it had agreed to acquire on-line finance broker Credible Labs Inc. The deal values the financial technology company at $397 million. Fox shares closed lower for a fourth consecutive trading session on NASDAQ on Monday. It has also been the steepest daily loss […]

Users will not be able to buy cryptocurrencies with Apple Inc’s credit card being launched with Goldman Sachs Group Inc, a customer agreement posted on the bank’s website revealed on Friday. The Apple Card is the result of a wider effort by Apple Inc to generate a larger part of […]

Pfizer Inc (PFE) said on Thursday that it had closed its joint venture with GlaxoSmithKline plc (GSK), which is to combine the consumer healthcare businesses of the two companies to establish the largest over-the-counter business worldwide. Under the terms of the agreement, Pfizer Inc is to have an equity stake […]

Verizon Communications Inc’s (VZ) second-quarter profit, reported on Thursday, exceeded Wall Street estimates, supported by much stronger growth in its net new phone subscribers than anticipated. Verizon shares closed lower for a third consecutive trading session in New York on Thursday. The stock inched down 0.02% ($0.01) to $55.26, after […]

Spotify Technology SA’s (SPOT) second-quarter revenue, reported on Wednesday, outstripped Wall Street estimates, supported by subscriber growth in the company’s premium business. On the other hand, quarterly loss was larger than expected. Spotify shares closed lower for the sixth time in the past twelve trading sessions in New York on […]