General Cable shares close higher on Thursday, company to pay over $75 million to resolve bribery allegations

December 30, 2016
General Cable shares close higher on Thursday, company to pay over $75 million to resolve bribery allegations

According to the US Justice Department and Securities and Exchange Commission, the NYSE-listed General Cable Corp is expected to pay more than $75 million in fines to settle allegations it had suborned officials in China, Bangladesh and Angola. General Cable shares closed higher on Thursday, rebounding after a 2.27% slump […]

Read more ›

Toshiba shares retreat a seventh straight session on Thursday, the company’s rating downgraded further into “junk” territory by Moody’s

December 29, 2016
Toshiba shares retreat a seventh straight session on Thursday, the company’s rating downgraded further into “junk” territory by Moody’s

Thursday marked the third consecutive session of massive losses for the Tokyo-listed electronic manufacturer Toshiba Corp., after it announced earlier this week a potential writedown amounting to several billion dollars in relation with a US nuclear business. The news spurred activity among ratings agencies. On Wednesday Moody’s downgraded Toshiba’s corporate […]

Read more ›

US pending home sales shrink to a 10-month low in November, says NAR

December 29, 2016
US pending home sales shrink to a 10-month low in November, says NAR

According to the monthly report by the National Association of Realtors (NAR) released on Wednesday, contracts to buy previously owned homes in the United States were 0.4% fewer in November compared to the same month a year earlier. It followed two straight periods of increase, with the respective index of […]

Read more ›

Ford shares close lower on Tuesday, regulators embark on an investigation on the company’s 2007-2009 Fusion models

December 28, 2016
Ford shares close lower on Tuesday, regulators embark on an investigation on the company’s 2007-2009 Fusion models

According to a statement by the National Highway Traffic Safety Administration made on Tuesday, an investigation has been embarked on in relation with Ford Motor Company’s Fusion and Mercury Milan sedans produced within the period between 2007 and 2009. Brakes for these models may not function properly in certain circumstances, […]

Read more ›

Delta Air shares gain the most in two weeks on Tuesday, company to cancel order for Boeing aircraft

December 28, 2016
Delta Air shares gain the most in two weeks on Tuesday, company to cancel order for Boeing aircraft

According to a statement made on Tuesday, the NYSE-listed transportation company Delta Air Lines Inc came to an agreement with Boeing to cancel an order for 18 787 Dreamliner jets. The order was reported to have been valued at over $4 billion in accordance with current list prices. However, no […]

Read more ›

Toshiba announces ”billions of dollars” loss in relation with US nuclear power acquisition

December 27, 2016
Toshiba announces ”billions of dollars” loss in relation with US nuclear power acquisition

Tokyo-listed electronic manufacturer Toshiba Corp. announced it may need to log a loss amounting to several billion dollars in relation with a US nuclear power project. The news drove down the company’s stock almost 12% on Tuesday, which has been the largest daily retreat since December 22nd 2015. According to […]

Read more ›

Lockheed Martin shares slide the most in two weeks on Friday, CEO Hewson pledges to bring down the F-35 jet cost

December 27, 2016
Lockheed Martin shares slide the most in two weeks on Friday, CEO Hewson pledges to bring down the F-35 jet cost

According to a statement by Lockheed Martin Corp, its Chief Executive Officer, Marillyn Hewson, told US President-elect Donald Trump she would get involved in driving down the cost of the company’s F-35 fighter jet in a response to a post on Twitter, which Trump published last Thursday. Lockheed Martin shares […]

Read more ›

Auto sales in the US would be slightly lower in December from a year ago, says WardsAuto

December 23, 2016
Auto sales in the US would be slightly lower in December from a year ago, says WardsAuto

On December 22nd WardsAuto, a publication and industry consultant, projected that automobile sales in the United States would decrease slightly in December compared to the same month a year earlier, with the seasonally adjusted annualized sales rate being 17.7 million vehicles. Vehicle manufacturers are to report the December sales figures […]

Read more ›

CalPERS to reduce expected investment return rate to 7% in three years time

December 22, 2016
CalPERS to reduce expected investment return rate to 7% in three years time

On December 21st the California Public Employees’ Retirement System board came to an agreement to reduce the pension plan’s expected rate of return to 7% by the year 2020, as the public pension fund fell short of its 7.5% objective during the past 2 years. According to the board’s decision, […]

Read more ›

Wells Fargo shares retreat the most in a week on Wednesday, company fined by FINRA for record-keeping issues

December 22, 2016
Wells Fargo shares retreat the most in a week on Wednesday, company fined by FINRA for record-keeping issues

Wells Fargo & Co, RBC Capital Markets, LPL Financial and others were reported to have been fined by the Financial Industry Regulatory Authority (FINRA) on December 21st for record-keeping issues, which may have made alteration of company and customer documents possible. The fined entities will have to pay a combined […]

Read more ›