Bank of America shares fall for a second straight session on Thursday, 125 British jobs to be relocated to Ireland

May 4, 2018
Bank of America shares fall for a second straight session on Thursday, 125 British jobs to be relocated to Ireland

According to a report by Reuters, citing a corporate filing, up to 125 jobs are expected to be moved by Bank of America Corporation (BAC) from the UK mostly to Ireland in preparation for Brexit in March 2019. Bank of America shares closed lower for a second consecutive trading session […]

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Macy’s shares gain for a second straight session on Thursday, company acquires New York’s STORY concept store

May 4, 2018
Macy’s shares gain for a second straight session on Thursday, company acquires New York’s STORY concept store

Macy’s Inc said on Thursday that it has acquired the STORY concept store located in New York City. At the same time, STORY’s founder and Chief Executive, Rachel Shechtman, is to assume the role of brand experience officer at Macy’s. Macy’s shares closed higher for a second consecutive trading session […]

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Tesla shares gain for a second straight session on Wednesday, auto maker sued by Nikola Motor over design patent infringement

May 3, 2018
Tesla shares gain for a second straight session on Wednesday, auto maker sued by Nikola Motor over design patent infringement

A lawsuit has been filed earlier this week by Nikola Motor Co against Tesla Inc (TSLA) related with design patent violations. Tesla shares closed higher for a second consecutive trading session on Wednesday. The stock went up 0.41% ($1.23) to $301.15, after touching an intraday high at $306.85, or a […]

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General Motors shares fall for a fourth straight session on Wednesday, GM Korea to receive loans from parent, KDB to receive preference shares, sources say

May 3, 2018
General Motors shares fall for a fourth straight session on Wednesday, GM Korea to receive loans from parent, KDB to receive preference shares, sources say

According to people with knowledge of the matter, the $3.6 billion cash inflow, planned by General Motors Company (GM) for its unit in South Korea, is to be in the form of loans. At the same time, for investing as much as $750 million in GM Korea, Korea Development Bank […]

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Boeing shares fall for a fourth straight session on Tuesday, company to acquire KLX in a deal valued $3.2 billion

May 2, 2018
Boeing shares fall for a fourth straight session on Tuesday, company to acquire KLX in a deal valued $3.2 billion

According to a statement by Boeing Company (BA) on Tuesday, it intends to acquire aerospace parts maker, KLX Inc, in a cash deal valued at approximately $3.2 billion, as the US plane manufacturer seeks to expand its aircraft services business. The deal is expected to value KLX at $4.25 billion, […]

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Macy’s shares fall for a second straight session on Tuesday, company updates on Macy’s Backstage concept expansion

May 2, 2018
Macy’s shares fall for a second straight session on Tuesday, company updates on Macy’s Backstage concept expansion

Macy’s Inc (M) disclosed on Tuesday updated information in regard to the expansion of its on-mall, off-price concept, Macy’s Backstage. According to a company press release, 20 Backstage locations have been opened during the first quarter. Macy’s shares closed lower for a second consecutive trading session on Tuesday. The stock […]

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Nike shares close lower on Monday, company elevates Amy Montagne to vice president and general manager of global categories

May 1, 2018
Nike shares close lower on Monday, company elevates Amy Montagne to vice president and general manager of global categories

According to a report by the Business Journal last week, citing sources, Amy Montagne has been promoted to vice president and general manager of global categories at Nike Inc (NKE). Nike shares closed lower for the second time in the past seven trading sessions on Monday. It has also been […]

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Chevron shares gain the most in 1 1/2 weeks on Friday, first-quarter earnings top estimates as crude prices rise

April 30, 2018
Chevron shares gain the most in 1 1/2 weeks on Friday, first-quarter earnings top estimates as crude prices rise

Chevron Corporation’s (CVX) first-quarter earnings, reported on Friday, outstripped Wall Street estimates, since rising crude prices as well as growing production lent support. Chevron shares closed higher for a third consecutive trading session on Friday. It has also been the sharpest daily surge since April 18th. The stock went up […]

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Walmart shares close lower on Friday, negotiations with Sainsbury over Asda acquisition at an advanced stage, Bloomberg reports

April 30, 2018
Walmart shares close lower on Friday, negotiations with Sainsbury over Asda acquisition at an advanced stage, Bloomberg reports

According to a recent report by Bloomberg, citing sources, negotiations between Sainsbury and Walmart over the acquisition of Asda have advanced. Sainsbury has already acknowledged plans to merge with Asda, which would lead to the formation of a supermarket giant in the UK with a market share of more than […]

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Time Warner shares fall the most in 24 weeks on Thursday, quarterly revenue tops estimates due to Turner growth

April 27, 2018
Time Warner shares fall the most in 24 weeks on Thursday, quarterly revenue tops estimates due to Turner growth

Time Warner Inc’s (TWX) first-quarter revenue, reported on Thursday, topped market expectations, as the airing of the last four games of the NCAA Men’s Basketball Tournament on Turner supported advertising growth. Time Warner shares closed lower for the fifth time in the past eleven trading sessions on Thursday. It has […]

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