CVS shares gain the most in 16 months on Thursday, company moves closer to acquiring Aetna

December 1, 2017
CVS shares gain the most in 16 months on Thursday, company moves closer to acquiring Aetna

According to a source with knowledge of the situation, CVS Health Corp (CVS) is approaching a deal to acquire Aetna Inc for more than $66 billion. The cash and stock deal could be announced during the upcoming week. CVS shares closed higher for a third consecutive trading session on Thursday. […]

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Amazon shares rebound on Thursday, company seen as potential partner by Express Scripts head

December 1, 2017
Amazon shares rebound on Thursday, company seen as potential partner by Express Scripts head

According to Tim Wentworth, the Chief Executive Officer of Express Scripts Holding, Amazon.com Inc (AMZN) is seen as a potential partner rather than an industry rival. Amazon shares closed higher for the fifth time in the past seven trading sessions on Thursday. The stock went up 1.33% ($15.48) to $1,176.75, […]

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Microsoft shares fall the most in five months on Wednesday, tech giant planning the reconstruction of its Redmond campus

November 30, 2017
Microsoft shares fall the most in five months on Wednesday, tech giant planning the reconstruction of its Redmond campus

Microsoft Corporation (MSFT) on Tuesday evening announced plans to reconstruct its renowned Redmond campus, which would allow space for 8 000 new employees. The project is expected to take 5 to 7 years to complete. Microsoft shares closed lower for the second time in the past seven trading sessions on […]

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Apple shares fall the most in six weeks on Wednesday, company files counter suit against Qualcomm over patent violation

November 30, 2017
Apple shares fall the most in six weeks on Wednesday, company files counter suit against Qualcomm over patent violation

Apple Inc was reported to have filed a counter suit against Qualcomm Inc on Wednesday, in which it claimed that Qualcomm’s Snapdragon mobile phone chips violated its patents. Snapdragon chips are used in a wide range of Android devices. Apple shares closed lower for a third consecutive trading session on […]

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BlackRock shares hit a fresh all-time high on Tuesday, company to acquire Citibanamex’s asset management unit

November 29, 2017
BlackRock shares hit a fresh all-time high on Tuesday, company to acquire Citibanamex’s asset management unit

BlackRock Inc (BLK) is to acquire the asset management unit of Mexico’s Citibanamex, a statement by the world’s largest asset manager made clear. Under the agreement, BlackRock will be able to provide asset management solutions to customers of Citibanamex in Mexico. Citibanamex is a subsidiary of Citigroup Inc. BlackRock shares […]

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Amazon shares close lower on Tuesday, company seen as “potential customer” by Textron aviation head

November 29, 2017
Amazon shares close lower on Tuesday, company seen as “potential customer” by Textron aviation head

Amazon.com Inc is viewed as a “potential customer” amid continuing boom in e-commerce and rising demand for freight and transport, the head of Textron Inc’s aviation business said for CNBC yesterday. Amazon shares closed lower for the fourth time in the past eleven trading sessions on Tuesday. The stock edged […]

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Intel shares close lower on Monday, tech company extends partnership with GE Healthcare

November 28, 2017
Intel shares close lower on Monday, tech company extends partnership with GE Healthcare

Intel Corporation (INTC) reportedly extended partnership with GE Healthcare, which is aimed to improve patient care via cloud solutions. Both entities also intend to invest in the Joint Performance Acceleration Lab in Chicago, where a number of GE Healthcare Imaging hardware and software solutions are to be developed, tested and […]

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Apple shares close lower on Monday, UBS cuts forecast on iPhone sales, full-year 2018 earnings

November 28, 2017
Apple shares close lower on Monday, UBS cuts forecast on iPhone sales, full-year 2018 earnings

UBS was reported to have revised down its forecast on Apple’s iPhone unit sales growth for 2018 to 10% from 12% previously. The group, on the other hand, maintained a “Buy” rating and a $190 price target for the stock. Apple shares closed lower for the first time in the […]

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JP Morgan Chase shares fall for a third session in a row on Friday, bank extends rented space in Frankfurt

November 27, 2017
JP Morgan Chase shares fall for a third session in a row on Friday, bank extends rented space in Frankfurt

JP Morgan Chase & Co (JPM) reportedly extended its rented office space in Germany’s financial centre, Frankfurt, in a response to Britain’s exit from the EU. JP Morgan Chase shares closed lower for a third consecutive trading session on Friday. The stock edged down 0.32% ($0.32) to $98.32, after touching […]

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Macy’s shares gain for a second session in a row on Friday, company faces credit card processing issues on Black Friday

November 27, 2017
Macy’s shares gain for a second session in a row on Friday, company faces credit card processing issues on Black Friday

According to Macy’s Inc (M), processing of payments via some credit and gift cards took more time than usual in the company’s stores on Black Friday, a situation which led to a series of complaints by customers on Twitter. Most of the complaints cited faulty credit card machines in traditional […]

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