General Electric shares close little changed on Monday, pension plans for 20 000 US employees to be frozen, company says

October 8, 2019
General Electric shares close little changed on Monday, pension plans for 20 000 US employees to be frozen, company says

According to an announcement by General Electric Co (GE) on Monday, the conglomerate intends to freeze the pension plan for nearly 20 000 US employees with salaried benefits in an attempt to reduce debt. General Electric shares closed lower for a second consecutive trading session in New York on Monday. […]

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Apple shares gain for a second straight session on Friday, iPhone 11 model production increased by 10%, Nikkei reports

October 7, 2019
Apple shares gain for a second straight session on Friday, iPhone 11 model production increased by 10%, Nikkei reports

According to a report by Nikkei Asian Review, Apple Inc (AAPL) has requested that suppliers raise production of iPhone 11 models by up to 8 million units (or nearly 10%). Apple shares closed higher for a second consecutive trading session on NASDAQ on Friday. It has also been the sharpest […]

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Netflix shares close little changed on Thursday, company being probed by Italian prosecutors over tax evasion

October 4, 2019
Netflix shares close little changed on Thursday, company being probed by Italian prosecutors over tax evasion

According to a report by Reuters, citing a person familiar with the matter, Netflix Inc is being investigated by Italian prosecutors over alleged tax evasion. Netflix shares closed higher for the fourth time in the past twelve trading sessions on NASDAQ on Thursday. The stock inched up 0.04% ($0.12) to […]

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Boeing shares rebound on Thursday, Boeing’s 737 NG jets to be inspected for ‘structural cracks’, FAA says

October 4, 2019
Boeing shares rebound on Thursday, Boeing’s 737 NG jets to be inspected for ‘structural cracks’, FAA says

Air carriers that operate Boeing 737 NG aircraft will have to inspect them for ”structural cracks”, the US Federal Aviation Administration said. The inspections will focus on the jets’ pickle forks, or parts which connect the wings to the fuselage, the FAA said. Boeing shares closed higher for the fourth […]

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Exxon Mobil shares fall for a third straight session on Wednesday, low oil prices weigh on third-quarter profit, regulatory filing reveals

October 3, 2019
Exxon Mobil shares fall for a third straight session on Wednesday, low oil prices weigh on third-quarter profit, regulatory filing reveals

A regulatory filing revealed earlier this week that Exxon Mobil Corp’s operating profit dropped for a fourth consecutive period during the third quarter. Exxon Mobil shares closed lower for a third consecutive trading session in New York on Wednesday. It has also been the steepest daily loss since August 23rd. […]

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Neptune shares gain for a second straight session on Wednesday, company announces partnership with IFF

October 3, 2019
Neptune shares gain for a second straight session on Wednesday, company announces partnership with IFF

Neptune Wellness Solutions Inc (NEPT) announced on Wednesday product development collaboration with International Flavors & Fragrances Inc (IFF) aimed to co-develop hemp-derived CBD products for the United States. No additional details of the agreement were disclosed. Shares of Neptune Wellness Solutions Inc (NEPT) closed higher for a second consecutive trading […]

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CVS shares close lower on Tuesday, sales of Zantac heartburn treatment to be suspended, company says

October 2, 2019
CVS shares close lower on Tuesday, sales of Zantac heartburn treatment to be suspended, company says

CVS Health Corp said over the past weekend that sales of the Zantac heartburn treatment and of its own generic ranitidine products would be suspended, after the US Food and Drug Administration found traces of a known carcinogen in some of the products. CVS shares closed lower for the fifth […]

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General Electric shares fall for a second straight session on Tuesday, GE Renewable Energy to supply turbines for British offshore wind project

October 2, 2019
General Electric shares fall for a second straight session on Tuesday, GE Renewable Energy to supply turbines for British offshore wind project

According to a report by Reuters on Tuesday, GE Renewable Energy is to supply turbines for the offshore wind project of Britain’s Dogger Bank, which is being under development by Equinor and SSE. General Electric shares closed lower for a second consecutive trading session in New York on Tuesday. It […]

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Occidental shares fall for a second straight session on Monday, company set to deliver asset sales of up to $15 billion

October 1, 2019
Occidental shares fall for a second straight session on Monday, company set to deliver asset sales of up to $15 billion

Occidental Petroleum Corp (OXY) said on Monday that it was set to deliver planned asset sales of $10 billion to $15 billion and that it was confident in its deleveraging strategy following the close of its acquisition of Anadarko Petroleum on August 8th. Occidental shares closed lower for a second […]

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Macy’s shares gain for a second straight session on Monday, company’s landmark store in downtown Seattle to be closed in February

October 1, 2019
Macy’s shares gain for a second straight session on Monday, company’s landmark store in downtown Seattle to be closed in February

Macy’s Inc (M) said over the weekend that its landmark store at Third Avenue and Pine Street in downtown Seattle would be shut down at the end of February 2020. Macy’s shares closed higher for a second consecutive trading session in New York on Monday. It has also been the […]

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