Microsoft shares close almost unchanged on Monday, EU data protection supervisor reportedly probing Microsoft software used by institutions

April 9, 2019
Microsoft shares close almost unchanged on Monday, EU data protection supervisor reportedly probing Microsoft software used by institutions

According to a Monday report by Reuters, the European Data Protection Supervisor has launched a probe into whether products provided by Microsoft Corp to institutions within the EU are compliant with its new data protection regulations. Microsoft shares closed higher for a second consecutive trading session on NASDAQ on Monday. […]

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General Electric shares fall the most in a month on Monday, J.P. Morgan downgrades stock to “Underweight”, slashes 12-month price target

April 9, 2019
General Electric shares fall the most in a month on Monday, J.P. Morgan downgrades stock to “Underweight”, slashes 12-month price target

Shares of General Electric Company (GE) registered their largest single-session loss in one month on Monday, after J.P. Morgan analyst Stephen Tusa revised down his rating on the industrial conglomerate’s stock from “Neutral” to “Underweight” and also slashed his 12-month price target from $6 to $5. General Electric shares closed […]

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Boeing shares close lower on Friday, plane maker to cut monthly production of 737 aircraft, CEO says

April 8, 2019
Boeing shares close lower on Friday, plane maker to cut monthly production of 737 aircraft, CEO says

According to a statement by Boeing Co’s Chief Executive Officer Dennis Muilenburg on Friday, the US company intends to cut the production rate of its 737 line-up to 42 jets per month from 52 jets currently, as it seeks to manage the 737 MAX grounding after two deadly incidents in […]

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Alphabet shares close lower on Friday, Google to dissolve Advanced Technology External Advisory Council (ATEAC)

April 8, 2019
Alphabet shares close lower on Friday, Google to dissolve Advanced Technology External Advisory Council (ATEAC)

Last week Alphabet Inc’s Google announced that it would dismiss the Advanced Technology External Advisory Council, which it had formed on March 26th to deal with ethical issues surrounding artificial intelligence and other emerging technologies. Alphabet shares closed lower for the first time in the past six trading sessions on […]

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J.P. Morgan shares gain for a sixth straight session on Thursday, bad mortgage rules hamper US economic growth, CEO Dimon says

April 5, 2019
J.P. Morgan shares gain for a sixth straight session on Thursday, bad mortgage rules hamper US economic growth, CEO Dimon says

In an annual letter to shareholders, J.P. Morgan Chase & Co’s Chief Executive Officer Jamie Dimon said that US economic growth was being hampered by bad mortgage rules and also spoke in favor of swift reforms. J.P. Morgan Chase shares closed higher for a sixth consecutive trading session in New […]

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Facebook shares rebound on Thursday, Guggenheim upgrades stock to “Buy”, revises up price target

April 5, 2019
Facebook shares rebound on Thursday, Guggenheim upgrades stock to “Buy”, revises up price target

Guggenheim on Thursday upgraded Facebook Inc (FB) from “Neutral” to “Buy”, while stating that shareholders of the company are getting more used to data leaks or privacy concerns. The firm also revised up its price target on the stock from $175 to $200. Facebook shares closed higher for the sixth […]

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Urban Outfitters shares gain the most in 14 weeks on Wednesday, D.A. Davidson upgrades stock to “Buy”, sees margin improvement

April 4, 2019
Urban Outfitters shares gain the most in 14 weeks on Wednesday, D.A. Davidson upgrades stock to “Buy”, sees margin improvement

D.A. Davidson on Wednesday revised up its rating on Urban Outfitters Inc (URBN) from “Neutral” to “Buy” and also boosted its price target on the stock from $30 to $36, as the firm cited an improving margin profile. Urban Outfitters shares closed higher for an eighth consecutive trading session on […]

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Ford shares gain for a fifth straight session on Wednesday, over 30 new vehicle models to be introduced in China over three years

April 4, 2019
Ford shares gain for a fifth straight session on Wednesday, over 30 new vehicle models to be introduced in China over three years

Ford Motor Company (F) said on Wednesday that it planned to introduce over 30 new vehicle models in China over the upcoming three years, more than a third of which would be electric vehicles. Ford’s earlier plan had envisaged the launch of 50 new or significantly redesigned vehicles on the […]

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Microsoft shares gain for a fourth straight session on Tuesday, tech giant ties up with BMW to establish Open Manufacturing Platform

April 3, 2019
Microsoft shares gain for a fourth straight session on Tuesday, tech giant ties up with BMW to establish Open Manufacturing Platform

At the Hanover Messe industrial trade fair on Tuesday Microsoft Corp (MSFT) and BMW Group announced a partnership to establish an Open Manufacturing Platform aimed to foster innovation and to speed up the development of “smart” factories. Microsoft shares closed higher for a fourth consecutive trading session on NASDAQ on […]

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Intel shares close lower on Tuesday, hundreds of IT employees laid off at sites across the company, The Oregonian reports

April 3, 2019
Intel shares close lower on Tuesday, hundreds of IT employees laid off at sites across the company, The Oregonian reports

Last week Intel Corp (INTC) laid off hundreds of information technology employees at sites across the company, The Oregonian reported, citing sources with direct knowledge of the matter who wished to retain their anonymity as they had no authorization to speak about the company. Intel shares closed lower for the […]

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