Yahoo shares gain the most in over a year on Thursday, the deal with Verizon approved by shareholders

June 9, 2017
Yahoo shares gain the most in over a year on Thursday, the deal with Verizon approved by shareholders

The sale of Yahoo! Inc’s (YHOO) core Internet operating business to Verizon has been approved by the company’s shareholders. The deal is expected to be finalized later this month. Yahoo shares registered their largest daily surge in more than a year during the trading session on Thursday. The stock went […]

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General Motors shares fall for a third session in a row on Thursday, Opel sale to PSA Group to be finalized by the end of July

June 9, 2017
General Motors shares fall for a third session in a row on Thursday, Opel sale to PSA Group to be finalized by the end of July

The sale of General Motors’ European arm, Opel, to PSA Group could be finalized as early as July 31st. It was in March, when both entities already said that the deal might be completed by the end of this year. General Motors shares closed lower for a third consecutive trading […]

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Blackstone shares close higher on Wednesday, a 7.8 billion-euro property fund closed, according to sources

June 8, 2017
Blackstone shares close higher on Wednesday, a 7.8 billion-euro property fund closed, according to sources

According to a source with knowledge of the matter, a 7.8 billion-euro fund with a focus on commercial real estates in Europe has been closed by the Blackstone Group LP (BX). The fund was to follow an “opportunistic” strategy, or operating with higher-risk properties which require fixing or repositioning, the […]

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Ford shares retreat for a fourth session in a row on Wednesday, Louisville’s summer shutdown to be shortened due to strong SUV sales

June 8, 2017
Ford shares retreat for a fourth session in a row on Wednesday, Louisville’s summer shutdown to be shortened due to strong SUV sales

According to a press release by Ford Motor Company (F), the two-week summer shutdown at its plant in Louisville is to be shortened, because of sound demand for models such as Ford Escape and Lincoln MKC. Ford shares closed lower for a fourth consecutive trading session on Wednesday. The stock […]

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Goldman Sachs shares gain for a second session in a row on Tuesday, holding to raise rates for savers to expand deposit base

June 7, 2017
Goldman Sachs shares gain for a second session in a row on Tuesday, holding to raise rates for savers to expand deposit base

Goldman Sachs’ consumer division, Goldman Sachs Bank USA, will reportedly raise the offered rate on deposits to 1.2% on June 7th in an attempt to lure Main Street clients. This way the bank would offer slightly better deposit terms in comparison with competitors such as Synchrony Bank, New York Community […]

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Macy’s shares tumble to lows unseen in over five years on Tuesday, as CFO Hoguet warns on gross margins

June 7, 2017
Macy’s shares tumble to lows unseen in over five years on Tuesday, as CFO Hoguet warns on gross margins

At an investor meeting on June 6th, Macy’s Chief Financial Officer Karen Hoguet said that the gross margin could be 60 to 80 basis points lower in 2017 compared to a year ago, which led to a steep retreat to a five-year trough of the company’s stock and mounted selling […]

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Amazon shares hit a fresh all-time high on Monday, company to introduce Ice devices on the smart phone market

June 6, 2017
Amazon shares hit a fresh all-time high on Monday, company to introduce Ice devices on the smart phone market

A new series of “Ice” devices will reportedly be introduced on the smart phone market by Amazon.com Inc (AMZN), with one such device being expected to come out in 2017. The company’s targeted segments will reportedly be emerging markets such as India. Amazon shares closed higher for a second consecutive […]

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Sony shares close lower on Monday, 1 million PlayStation VR headsets sold since their release

June 6, 2017
Sony shares close lower on Monday, 1 million PlayStation VR headsets sold since their release

1 million PlayStation VR headsets have reportedly been sold by Sony Corp (SNE) since their release in the fall of 2016. In comparison, its competitor HTC has sold 420 000 Vive headsets by the end of last year, while Oculus VR has sold 243 000 Rift headsets. Samsung still remains […]

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Boeing shares gain the most in two weeks on Friday, a third 737 MAX jetliner delayed in delivery

June 5, 2017
Boeing shares gain the most in two weeks on Friday, a third 737 MAX jetliner delayed in delivery

The delivery of a third 737 MAX jet to Norwegian Air Shuttle, scheduled for the upcoming week, had been postponed due to a technical issue, Boeing Company (BA) said on June 2nd. Boeing shares registered their largest daily surge since May 22nd during the trading session on Friday. The stock […]

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Morgan Stanley shares close lower on Friday, holding introduces changes to its wealth management unit

June 5, 2017
Morgan Stanley shares close lower on Friday, holding introduces changes to its wealth management unit

According to a memo by Morgan Stanley (MS), cited by Reuters, the holding has introduced changes to its wealth management unit, involving the promotion of two key executives and the elimination of a layer of management. A spokesperson for Morgan Stanley confirmed the details contained in the document. Morgan Stanley […]

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