Wells Fargo shares close lower on Thursday, Mike Roemer appointed as new Chief Compliance Officer

October 13, 2017
Wells Fargo shares close lower on Thursday, Mike Roemer appointed as new Chief Compliance Officer

Wells Fargo & Company (WFC) was reported to have appointed Mike Roemer as the group’s new Chief Compliance Officer, who is expected to take charge in January. Roemer is to replace interim CCO Kevin Oden, who assumed the post in June, taking over from Yvette Clark. Wells Fargo shares closed […]

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General Motors shares fall the most in five weeks on Thursday, auto maker plans production cuts, lay-offs at Detroit facility

October 13, 2017
General Motors shares fall the most in five weeks on Thursday, auto maker plans production cuts, lay-offs at Detroit facility

According to a report by the Wall Street Journal, citing people with knowledge of the situation, production at General Motors’ assembly plant in Detroit is to be scaled back, while approximately 1 500 workers – laid off. However, the auto maker refused to comment on the matter. General Motors shares […]

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Kroger shares gain for a second session in a row on Wednesday, company explores the opportunity to sell convenience stores

October 12, 2017
Kroger shares gain for a second session in a row on Wednesday, company explores the opportunity to sell convenience stores

According to a statement by Kroger Company (KR) on Wednesday, it is exploring the opportunity to sell convenience stores in an attempt to renovate its business amid fierce competition among brick-and-mortar and on-line food retailers. The shares of Kroger Company closed higher for a second consecutive trading session on Wednesday. […]

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Delta Air shares gain for a second session in a row on Wednesday, third-quarter earnings outstrip expectations despite storms

October 12, 2017
Delta Air shares gain for a second session in a row on Wednesday, third-quarter earnings outstrip expectations despite storms

Delta Air Lines Inc (DAL), the second largest carrier in the United States by passenger traffic, reported better-than-anticipated quarterly earnings yesterday, despite the negative impact from severe weather. There had been concerns among investors that the hurricane season, which included three back-to-back storms, would have had a stronger influence on […]

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Wal-Mart shares gain the most in over a year on Tuesday, retailer announces $20 billion share buyback plan

October 11, 2017
Wal-Mart shares gain the most in over a year on Tuesday, retailer announces $20 billion share buyback plan

On Tuesday Wal-Mart Stores Inc (WMT) said it intended to launch a new two-year $20-billion share buyback plan. The latter will replace a $20-billion repurchase, which was approved in October 2015. The company also projected a 40% surge in its on-line sales in the United States during the fiscal year […]

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NVIDIA shares gain for a third session in a row on Tuesday, company reveals new self-driving taxi hardware

October 11, 2017
NVIDIA shares gain for a third session in a row on Tuesday, company reveals new self-driving taxi hardware

A license-plate-sized hardware was reportedly revealed by NVIDIA Corporation (NVDA), which according to the company, is capable of matching 100 servers in a data center. The hardware is to be used for the enhancement of autonomous taxis. NVIDIA shares closed higher for a third consecutive trading session on Tuesday. The […]

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General Motors shares gain for a sixth session in a row on Monday, auto maker to acquire sensor-tech company Strobe

October 10, 2017
General Motors shares gain for a sixth session in a row on Monday, auto maker to acquire sensor-tech company Strobe

According to a Monday statement by General Motors Company (GM), it intends to acquire Strobe Inc in an attempt to facilitate its further expansion into the self-driving vehicle market. Strobe utilizes LIDAR, a major sensor technology that makes it possible for self-driving vehicles to identify objects at a distance. General […]

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Tesla shares fall the most in two weeks on Monday, investors concerned about delivery prospects

October 10, 2017
Tesla shares fall the most in two weeks on Monday, investors concerned about delivery prospects

Shares of Tesla Inc (TSLA) marked their sharpest daily loss in two weeks yesterday, as concerns arose over the company’s ability to meet production targets on its Model 3, following the missed third-quarter objectives. Tesla shares closed lower for the first time in the past seven trading sessions on Monday. […]

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Apple shares close lower on Friday, Katherine Adams appointed as company’s new general counsel

October 9, 2017
Apple shares close lower on Friday, Katherine Adams appointed as company’s new general counsel

According to the latest announcement by Apple Inc, Bruce Sewell will step down as the company’s general counsel and will be succeeded by Katherine Adams, the former executive of Honeywell International Inc. She will also assume the post of senior vice president of legal and global security and will report […]

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Microsoft shares gain for a third session in a row on Friday, smart speaker with Cortana voice assistant to be released soon

October 9, 2017
Microsoft shares gain for a third session in a row on Friday, smart speaker with Cortana voice assistant to be released soon

According to an accidental Microsoft Store listing, cited by Seeking Alpha, a smart speaker featuring Microsoft’s Cortana voice assistant could be released in stores soon. Manufactured by Harman Kardon, the speaker was announced earlier in 2017, with only a limited set of details being provided. Microsoft shares closed higher for […]

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