Twitter shares close higher on Thursday, company changes design across its products

June 16, 2017
Twitter shares close higher on Thursday, company changes design across its products

Twitter Inc (TWTR) has reportedly introduced changes to design of its products, as the company aims at speed and simplicity. Changes are to affect Twitter.com, TweetDeck, Twitter Lite as well as the company’s applications for iOS/Android during the “coming days and weeks.” Twitter shares closed higher for a third time […]

Read more ›

Goldman Sachs shares fall the most in two weeks on Thursday, holding collects $7 billion to acquire secondhand stakes in private equity

June 16, 2017
Goldman Sachs shares fall the most in two weeks on Thursday, holding collects $7 billion to acquire secondhand stakes in private equity

According to persons with knowledge of the matter, Goldman Sachs Group Inc (GS) has raised over $7 billion for a fund with a focus on secondhand stake purchases in private equity funds. A spokesperson for Goldman Sachs refused to comment on the situation. Goldman Sachs shares closed lower for a […]

Read more ›

Boeing shares gain for a second session in a row on Wednesday, 50 737MAX jets to be purchased by China Aircraft Leasing for $5.8 billion

June 15, 2017
Boeing shares gain for a second session in a row on Wednesday, 50 737MAX jets to be purchased by China Aircraft Leasing for $5.8 billion

China Aircraft Leasing Group Holdings Ltd was reported to be considering the purchase of 50 737MAX jets from Boeing Company (BA) at a total list price of $5.8 billion, so that it could meet demand for more efficient aircraft. Boeing shares closed higher for a second consecutive trading session on […]

Read more ›

Bank of America shares inch down on Wednesday, holding reportedly laying off employees in its operations and technology unit

June 15, 2017
Bank of America shares inch down on Wednesday, holding reportedly laying off employees in its operations and technology unit

Bank of America Corporation (BAC) has reportedly initiated layoffs in its operations and technology division, as the holding continues with its cost-cutting plan aimed at achieving CEO Brian Moynihan’s financial objectives. Many of the job cuts within the unit came from the bank’s Charlotte, N.C., headquarters, according to a spokesperson, […]

Read more ›

Time Inc’s shares gain for a seventh session in a row on Tuesday, company to slash workforce by 4%, memo reveals

June 14, 2017
Time Inc’s shares gain for a seventh session in a row on Tuesday, company to slash workforce by 4%, memo reveals

According to an internal memo to employees, Time Inc (TIME) intends to reduce its workforce by 300 positions (4%) via layoffs and buyouts. Time Inc’s shares closed higher for a seventh consecutive trading session on Tuesday. The stock edged up 0.36% ($0.05) to $13.95, after touching an intraday high at […]

Read more ›

Yahoo shares retreat for a third session in a row on Tuesday, deal with Verizon finalized, CEO Mayer resigns

June 14, 2017
Yahoo shares retreat for a third session in a row on Tuesday, deal with Verizon finalized, CEO Mayer resigns

The acquisition of Yahoo! Inc’s core business by Verizon Communications Inc for $4.48 billion was finalized yesterday, while Yahoo’s Chief Executive Officer Marissa Mayer stepped down. This way the tech company, once valued at over $100 billion, was no longer a stand-alone internet entity. Yahoo shares closed lower for a […]

Read more ›

Facebook shares retreat for a second session in a row on Monday, a news-subscription feature being built, says the WSJ

June 13, 2017
Facebook shares retreat for a second session in a row on Monday, a news-subscription feature being built, says the WSJ

According to a post by the Wall Street Journal, Facebook Inc (FB) is establishing a feature that has long been awaited by news publishers – the opportunity for a direct subscription to publishers from the company’s application. Facebook shares closed lower for a second consecutive trading session on Monday. The […]

Read more ›

Apple shares fall for a third session in a row on Monday, Mizuho downgrades the stock to “neutral”

June 13, 2017
Apple shares fall for a third session in a row on Monday, Mizuho downgrades the stock to “neutral”

Shares of Apple Inc (AAPL) retreated more than 2% at the close yesterday, after losing almost 3.5% at some point during the session, as investors supposed a peak had been reached. At the same time, Mizuho investment bank downgraded the stock and also revised down its price target. Apple shares […]

Read more ›

Boeing shares gain for a third session in a row on Friday, Aseman Airlines signs final deal for 30 737 MAX jets

June 12, 2017
Boeing shares gain for a third session in a row on Friday, Aseman Airlines signs final deal for 30 737 MAX jets

As reported by the Iranian state news agency IRNA, Aseman Airlines has signed a final agreement with Boeing Company in Tehran on June 10th to purchase 30 737 MAX jets. A tentative deal between the two companies had been signed in April. Boeing shares closed higher for a third consecutive […]

Read more ›

BlackRock shares gain for a second session in a row on Friday, Exxon should reveal more details regarding climate change-related risks, asset manager says

June 12, 2017
BlackRock shares gain for a second session in a row on Friday, Exxon should reveal more details regarding climate change-related risks, asset manager says

On June 9th BlackRock Inc (BLK) has reportedly said that Exxon Mobil Corp should “enhance its disclosures” in regard to climate change-associated risks. The asset management firm is Exxon’s third largest investor holding a stake of more than 4%. BlackRock shares closed higher for a second straight trading session on […]

Read more ›