Amazon shares fall for a fifth straight session on Wednesday, e-commerce giant to acquire Israeli firm E8 Storage

August 1, 2019
Amazon shares fall for a fifth straight session on Wednesday, e-commerce giant to acquire Israeli firm E8 Storage

According to a Wednesday report by Israeli business news website, Globes, Amazon.com Inc has agreed to acquire storage technology startup firm E8 Storage. Amazon shares closed lower for a fifth consecutive trading session on NASDAQ on Wednesday. It has also been the steepest daily loss since June 25th. The stock […]

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Eli Lilly shares close little changed on Tuesday, quarterly results top estimates as sales of diabetes drugs support

July 31, 2019
Eli Lilly shares close little changed on Tuesday, quarterly results top estimates as sales of diabetes drugs support

Eli Lilly and Company’s quarterly revenue and profit, reported on Tuesday, topped Wall Street estimates, supported by higher sales of diabetes drugs Trulicity and Basaglar. Eli Lilly shares closed lower for the fourth time in the past twelve trading sessions in New York on Tuesday. The stock inched down 0.03% […]

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Bank of America shares close higher on Tuesday, lender to discontinue joint venture with First Data Corp

July 31, 2019
Bank of America shares close higher on Tuesday, lender to discontinue joint venture with First Data Corp

Bank of America Corp (BAC) said earlier this week that it intended to discontinue its electronic payment services joint venture with First Data Corp in June 2020. The announcement came just hours after US financial technology provider Fiserv Inc finalized its acquisition of First Data Corp. Fiserv had announced plans […]

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United Air shares close little changed on Monday, air carrier acquires stake in security identity firm Clear

July 30, 2019
United Air shares close little changed on Monday, air carrier acquires stake in security identity firm Clear

United Airlines Holdings Inc (UAL) said that it would buy a stake in security identity firm Clear as part of a partnership aimed at increasing the number of biometric screening kiosks in airports across the United States. The tie-up also aims to facilitate passenger movement through airports. United Air shares […]

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Pfizer shares close lower on Monday, company exploring merger of its off-patent drugs business with Mylan NV

July 30, 2019
Pfizer shares close lower on Monday, company exploring merger of its off-patent drugs business with Mylan NV

According to a report by Reuters over the weekend, citing a person with knowledge of the matter, Pfizer Inc (PFE) is exploring a merger of its off-patent drugs business with Mylan NV in a stock deal. Pfizer shares closed lower for the fifth time in the past eleven trading sessions […]

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McDonald’s shares hit a fresh all-time high on Friday, second-quarter comparable sales top estimates supported by new promotions, renovated stores

July 29, 2019
McDonald’s shares hit a fresh all-time high on Friday, second-quarter comparable sales top estimates supported by new promotions, renovated stores

McDonald’s Corp’s quarterly US same-store sales topped Wall Street estimates, since the company managed to lure more customers with revamped stores and new promotions (for example, the 2 for $5 Mix and Match deal). McDonald’s shares closed higher for a second consecutive trading session in New York on Friday. The […]

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Citigroup shares close lower on Thursday, Curt Engler appointed as head of Asia Pacific equities business

July 26, 2019
Citigroup shares close lower on Thursday, Curt Engler appointed as head of Asia Pacific equities business

Citigroup Inc (C) said on Thursday that Curt Engler had been appointed as head of its equities execution services for the Asia Pacific region. Currently, Engler occupies a senior executive position at J.P. Morgan Asset Management in New York, which he joined in 2010. Citigroup shares closed lower for the […]

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American Airlines shares fall the most in 33 weeks on Thursday, 737 MAX grounding to reduce 2019 pretax profit by $400 million

July 26, 2019
American Airlines shares fall the most in 33 weeks on Thursday, 737 MAX grounding to reduce 2019 pretax profit by $400 million

American Airlines Group Inc said yesterday that the Boeing 737 MAX global grounding could reduce its 2019 pretax profit by nearly $400 million. The air carrier has taken its 24 737 MAX aircraft off its flight schedule until early November, which resulted in approximately 115 cancellations per day. American Airlines […]

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AT&T shares rebound on Wednesday, quarterly earnings meet expectations but company loses premium TV subscribers

July 25, 2019
AT&T shares rebound on Wednesday, quarterly earnings meet expectations but company loses premium TV subscribers

AT&T Inc’s second-quarter earnings, reported on Wednesday, came in line with Wall Street estimates, while revenue topped expectations. On the other hand, the US wireless carrier lost more premium TV subscribers during the past quarter compared with the prior three-month period, since consumers sought cheaper streaming services such as Netflix […]

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Verizon shares rebound on Wednesday, company to set up new tech hub for Verizon Media in San Jose

July 25, 2019
Verizon shares rebound on Wednesday, company to set up new tech hub for Verizon Media in San Jose

Verizon Communications Inc (VZ) said earlier this week that it would co-develop and lease to purchase a new campus for its Verizon Media unit. The new hub is to be established from the ground up at the Coleman Highline campus in San Jose, California. Verizon shares closed higher for the […]

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