Deere shares fall the most in 14 weeks on Wednesday after tractor maker revises down fiscal 2020 profit forecast

November 28, 2019
Deere shares fall the most in 14 weeks on Wednesday after tractor maker revises down fiscal 2020 profit forecast

Deere & Co’s fourth-quarter profit, reported on Wednesday, registered an 8.96% year-on-year drop, as trade frictions and poor weather in the US farm belt weighed on results. Deere shares closed lower for the fifth time in the past ten trading sessions in New York on Wednesday. It has also been […]

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Boeing shares fall the most in three weeks on Wednesday, FAA to be the only issuer of airworthiness certificates for new 737 MAX jets

November 28, 2019
Boeing shares fall the most in three weeks on Wednesday, FAA to be the only issuer of airworthiness certificates for new 737 MAX jets

The Federal Aviation Administration (FAA) announced that Boeing Co had been informed the regulator would be the sole issuer of airworthiness certificates for all new 737 MAX jets. Boeing shares closed lower for the fourth time in the past ten trading sessions in New York on Wednesday. It has also […]

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Dollar Tree shares fall the most in 65 weeks on Tuesday, quarterly revenue tops estimates but holiday-quarter profit forecast below expectations

November 27, 2019
Dollar Tree shares fall the most in 65 weeks on Tuesday, quarterly revenue tops estimates but holiday-quarter profit forecast below expectations

Dollar Tree Inc’s (DLTR) third-quarter revenue, reported on Tuesday, exceeded Wall Street estimates, as renovated stores and expanded product assortment lured more shoppers to its namesake and the Family Dollar chain. However, the company now projects holiday-quarter earnings below market consensus, because of an anticipated impact from US tariffs on […]

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Intel shares gain for a second straight session on Tuesday, tech company looking to sell home connectivity unit, report says

November 27, 2019
Intel shares gain for a second straight session on Tuesday, tech company looking to sell home connectivity unit, report says

According to a report by Bloomberg, citing sources with knowledge of the matter, Intel Corp (INTC) is looking for buyers of its connected home business and has hired a financial adviser for a potential deal. Intel shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. The […]

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Apple shares rebound on Monday, tech company to postpone theater release of “The Banker”

November 26, 2019
Apple shares rebound on Monday, tech company to postpone theater release of “The Banker”

According to a report by Reuters, citing a source with knowledge of the matter, Apple Inc (AAPL) will postpone the planned December theater release of ”The Banker”, one of the company’s first original movies. The film’s debut on the Apple TV+ streaming service will also probably be postponed, Apple said. […]

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General Electric shares gain for a third straight session on Monday, company appoints Carolina Dybeck Happe as its next Chief Financial Officer

November 26, 2019
General Electric shares gain for a third straight session on Monday, company appoints Carolina Dybeck Happe as its next Chief Financial Officer

General Electric Co (GE) said on Monday that Carolina Dybeck Happe, currently Chief Financial Officer and Executive Vice President at A.P. Moller-Maersk, had been appointed as its next Senior Vice President and Chief Financial Officer, effective in early 2020. General Electric shares closed higher for a third consecutive trading session […]

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Boeing shares rebound on Friday, Ann Toulouse, head of corporate communications, to retire

November 25, 2019
Boeing shares rebound on Friday, Ann Toulouse, head of corporate communications, to retire

Boeing Co (BA) said last week that Ann Toulouse, its current head of corporate communications, would step down from her role and retire in 2020. Toulouse, 61, is the second high-ranking female communications executive to leave the company. Boeing announced earlier this month that Linda Mills, vice president of Communications […]

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Macy’s shares fall for a third straight session on Thursday, quarterly comparable sales decrease more than expected, full-year earnings forecast cut

November 22, 2019
Macy’s shares fall for a third straight session on Thursday, quarterly comparable sales decrease more than expected, full-year earnings forecast cut

Macy’s Inc (M) reported on Thursday a sharper drop in quarterly comparable sales than anticipated as a result of weak international tourism and sluggish mall traffic. The department store operator also revised down its full-year adjusted earnings forecast. Macy’s shares closed lower for a third consecutive trading session in New […]

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Fiat Chrysler shares edge higher in Milan on Friday, 700 000 SUVs to be recalled worldwide, auto maker says

November 22, 2019
Fiat Chrysler shares edge higher in Milan on Friday, 700 000 SUVs to be recalled worldwide, auto maker says

Fiat Chrysler Automobiles NV announced on Thursday the recall of almost 700 000 Sport-utility vehicles (SUVs) internationally due to a problematic electrical connection, which could prevent vehicle engines from starting or could cause them to stall. Fiat Chrysler said that nearly 528 500 vehicles in the United States, 34 700 […]

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Lowe’s shares hit a fresh all-time high on Wednesday as quarterly earnings top estimates, full-year profit forecast revised up

November 21, 2019
Lowe’s shares hit a fresh all-time high on Wednesday as quarterly earnings top estimates, full-year profit forecast revised up

Lowe’s Companies Inc’s (LOW) third-quarter earnings, reported on Wednesday, exceeded Wall Street estimates, as industrial items such as drills and power saws lured more high-spending building contractors. The home improvement chain also revised up its full-year adjusted earnings forecast. Shares of Lowe’s Companies Inc closed higher for the fifth time […]

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