Lockheed Martin shares gain the most in seven weeks on Friday, Germany to purchase six C-130J aircraft

March 20, 2017
Lockheed Martin shares gain the most in seven weeks on Friday, Germany to purchase six C-130J aircraft

According to Reuters, citing government documents, Germany intends to purchase six C-130J military transport planes from Lockheed Martin Corporation (LMT) at an approximate value of EUR 900 million under a joint agreement with France. The German government is to formally request procurement of the jets in 2019. At the same […]

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Apple shares close lower on Friday, CEO Cook speaks in favor of more active trade relations with China

March 20, 2017
Apple shares close lower on Friday, CEO Cook speaks in favor of more active trade relations with China

In a speech at a forum in Beijing on March 18th, Apple CEO Tim Cook supported globalization and noted that China should continue developing economic relations with foreign companies. Cook’s remarks came amid growing tension between the United States and China, as US President Trump’s statements in favor of protectionism […]

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Caterpillar shares close lower on Thursday, company seeks the assistance of ex-US attorney general over government investigation

March 17, 2017
Caterpillar shares close lower on Thursday, company seeks the assistance of ex-US attorney general over government investigation

In early March three of Caterpillar’s facilities in Illinois were searched by US law enforcement officials in an Internal Revenue Service investigation in regard to profits generated by Caterpillar SARL, a Swiss parts unit. In relation with the probe of Caterpillar Inc’s (CAT) import and export practices, the manufacturer was […]

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GoPro shares gain the most in 11 months on Thursday, company to cut 270 jobs in an attempt to return to profit

March 17, 2017
GoPro shares gain the most in 11 months on Thursday, company to cut 270 jobs in an attempt to return to profit

On March 15th NASDAQ-listed camera maker GoPro said it intended to reduce its workforce by 270 in order to cut operating expenditures and return to profit. The positions affected are full-time jobs and openings. GoPro shares closed higher for a second straight trading session on Thursday, while also marking their […]

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General Motors shares gain a third straight session on Wednesday, auto maker to rehire 500 workers in Michigan poised to be laid off in May

March 16, 2017
General Motors shares gain a third straight session on Wednesday, auto maker to rehire 500 workers in Michigan poised to be laid off in May

According to a March 15th statement by General Motors Company (GM), 500 assembly plant workers in Michigan, who are expected to be laid off this May, will be rehired in 2018 due to sound demand for larger vehicles. Last week it was announced that 1 100 workers at the auto […]

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Bank of America shares close lower on Wednesday, company shareholders to conduct another chairman vote

March 16, 2017
Bank of America shares close lower on Wednesday, company shareholders to conduct another chairman vote

According to a March 15th proxy filing by Bank of America, the group’s shareholders are expected to conduct another vote whether Brian Moynihan, Chairman and Chief Executive Officer, should continue occupying both positions. Bank of America shares closed lower on Wednesday, while also marking their steepest daily drop since March […]

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Audi shares retreat 1% during Wednesday’s session, auto maker’s offices in Germany raided by prosecutors

March 15, 2017
Audi shares retreat 1% during Wednesday’s session, auto maker’s offices in Germany raided by prosecutors

According to a spokesperson for Audi AG (NSUG), the auto maker’s headquarters in Ingolstadt and factory in Neckarsulm are being searched by German prosecutors. Audi shares closed higher for a second straight trading session on Tuesday. The stock went up 0.31% (EUR 2.00) to EUR 642.00, with the intraday high […]

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Gap shares close higher on Tuesday, Mark Breitbard appointed as Banana Republic chief executive

March 15, 2017
Gap shares close higher on Tuesday, Mark Breitbard appointed as Banana Republic chief executive

On March 14th Mark Breitbard was appointed as Chief Executive Officer of Gap Inc’s (GPS) Banana Republic unit, with the retailer seeking to renovate the brand amid weak sales. Breitbard, the former CEO of children’s apparel retailer Gymboree Corp, is to assume the new role at Gap in early May. […]

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Verizon shares gain a third straight session on Monday, wireless carrier gets $350 million discount for Yahoo’s core assets

March 14, 2017
Verizon shares gain a third straight session on Monday, wireless carrier gets $350 million discount for Yahoo’s core assets

Verizon Communications Inc (VZ) was reported to have obtained an almost three times lower price discount for Yahoo Inc’ core assets than it had expected. The deal, valued at $4.83 billion, was initially announced last July, while its closure has been delayed due to the two cyber attacks at Yahoo, […]

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Intel shares fall the most in a month on Monday, chip giant to acquire Mobileye for $15.3 billion

March 14, 2017
Intel shares fall the most in a month on Monday, chip giant to acquire Mobileye for $15.3 billion

NASDAQ-listed tech giant Intel Corporation (INTC) was reported to have agreed to acquire Mobileye, an Israeli company providing driverless technology, in a deal valued at $15.3 billion. It would be the largest acquisition of an Israeli tech company on record, with Mobileye being valued at $63.54 per share, or a […]

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