Morgan Stanley shares gain the most in a week on Thursday, holding to move to Hudson Yards, WSJ says

February 10, 2017
Morgan Stanley shares gain the most in a week on Thursday, holding to move to Hudson Yards, WSJ says

According to persons with knowledge of the matter, cited by the Wall Street Journal, Morgan Stanley (MS) is considering a move to Hudson Yards, a huge development site on Manhattan’s West Side. Morgan Stanley shares registered their largest daily surge since February 3rd on Thursday. The stock went up 2.14% […]

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Coca-Cola shares retreat the most in 10 weeks on Thursday, company projects lower full-year profit in 2017 on higher re-franchising costs

February 10, 2017
Coca-Cola shares retreat the most in 10 weeks on Thursday, company projects lower full-year profit in 2017 on higher re-franchising costs

The largest beverage maker worldwide, Coca-Cola Company (KO), said it projected a drop in its full-year profit due to higher-than-expected costs related to the re-franchising of its bottling operations in the United States. Coca-Cola shares registered their largest daily drop since November 30th on Thursday, while also ending a five-day […]

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Wells Fargo shares drop a third straight session on Wednesday, 2016 bonuses for holding’s top management to be eliminated

February 9, 2017
Wells Fargo shares drop a third straight session on Wednesday, 2016 bonuses for holding’s top management to be eliminated

According to people with knowledge of the matter, 2016 bonuses for Wells Fargo’s top managers are likely to be eliminated, following last year’s sales scandal. On February 8th the Wall Street Journal reported that the group’s board had held a meeting in January, discussing a probable bonus suspension for top […]

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Boeing shares retreat for the first time in four sessions on Wednesday, company stands as leading contender for $13.8 billion order by Singapore Airlines

February 9, 2017
Boeing shares retreat for the first time in four sessions on Wednesday, company stands as leading contender for $13.8 billion order by Singapore Airlines

As reported by Bloomberg, Boeing Company (BA) is a leading contender for an order of at least 35 wide-body aircraft by Singapore Airlines. The potential deal might be estimated at $13.8 billion at list prices. Boeing shares closed lower for the first time in the past four trading sessions on […]

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General Motors shares plummet the most in 32 weeks on Tuesday, fourth-quarter net income shrinks partially due to exchange rate effects

February 8, 2017
General Motors shares plummet the most in 32 weeks on Tuesday, fourth-quarter net income shrinks partially due to exchange rate effects

Shares of General Motors Company (GM) fell the most in a bit over 32 weeks on February 7th, after the third largest automaker worldwide reported a 71.4% year-on-year drop in its fourth-quarter net income in part due to recent appreciation of the US Dollar against the UK Pound Sterling. The […]

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Bank of America shares close lower for a second straight session on Tuesday, holding creates branches with no employees

February 8, 2017
Bank of America shares close lower for a second straight session on Tuesday, holding creates branches with no employees

According to Anne Pace, the spokesperson for Bank of America, the financial holding has established 3 entirely automated branches in January, which allow clients to use ATMs and conduct video conference calls with employees located at other offices of the bank. Bank of America shares closed lower for a second […]

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Travel ban imposed by Trump administration may eventually be relaxed, says Qatar Airways’ CEO

February 7, 2017
Travel ban imposed by Trump administration may eventually be relaxed, says Qatar Airways’ CEO

According to a Tuesday statement by Qatar Airways’ Chief Executive Officer Akbar Al Baker, the travel ban, which was imposed on seven Muslim-majority countries by the Trump administration a week ago, may eventually be relaxed. This information was provided by New Zealand’s Fairfax Media. Al Baker expected that Donald Trump’s […]

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Citigroup shares close lower on Monday, holding’s unit in China obtains bond settlement agent license

February 7, 2017
Citigroup shares close lower on Monday, holding’s unit in China obtains bond settlement agent license

According to a February 7th statement by Citigroup Inc’s unit in China, the latter was granted a “Type A” bond settlement agent license by the People’s Bank of China. This way Citigroup became the first bank having its headquarters located in the United States to receive “Type A” license, which […]

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Lockheed Martin shares gain a second straight session on Friday, company reveals an $8.5 billion agreement with the US Defense Department

February 6, 2017
Lockheed Martin shares gain a second straight session on Friday, company reveals an $8.5 billion agreement with the US Defense Department

On February 3rd Lockheed Martin Corporation (LMT) said it had reached an agreement with the US Department of Defense regarding an $8.5 billion order of 90 F-35 aircraft. The terms of the deal for the tenth lot of the fighter jet envisage a price lower than $95 million per unit […]

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JP Morgan Chase shares gain the most in 12 weeks on Friday, company obtains corporate bond underwriting license in China

February 6, 2017
JP Morgan Chase shares gain the most in 12 weeks on Friday, company obtains corporate bond underwriting license in China

According to a February 6th statement, JP Morgan Chase & Co (JPM) has obtained a license, enabling it to underwrite corporate bonds in the Chinese interbank bond market. The license was received from the National Association of Financial Market Institutional Investors (NAFMII), the regulatory authority in charge of China’s interbank […]

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