Boeing shares touch a fresh all-time high on Tuesday, plane maker announces “significant investment” in Aerion

February 6, 2019
Boeing shares touch a fresh all-time high on Tuesday, plane maker announces “significant investment” in Aerion

Boeing Co (BA) announced on Tuesday a “significant investment” in Aerion, a supersonic business jet developer, amid rising demand for high-end aircraft. Financial details of the agreement, however, were not disclosed. Boeing shares closed higher for a third consecutive trading session in New York on Tuesday. It has also been […]

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Apple shares gain for a fifth straight session on Tuesday, tech giant to pay back-dated tax to France

February 6, 2019
Apple shares gain for a fifth straight session on Tuesday, tech giant to pay back-dated tax to France

Apple Inc (AAPL) announced on Tuesday that it had reached an agreement with French authorities to pay an undisclosed amount of back-dated tax. According to a number of reports by the French media, the amount agreed upon is around EUR 500 million. Apple shares closed higher for a fifth consecutive […]

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Tesla shares gain for a second straight session on Monday, company to acquire Maxwell Technologies for $218 million

February 5, 2019
Tesla shares gain for a second straight session on Monday, company to acquire Maxwell Technologies for $218 million

According to a report by Reuters on Monday, Tesla Inc (TSLA) intends to acquire Maxwell Technologies Inc in an all-stock deal valued at $218 million, as the US electric car maker seeks to enhance its battery technology. Tesla’s proposal gives each Maxwell share a value of $4.75. Maxwell’s board has […]

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Goldman Sachs shares close higher on Monday, banking group invests in Bud, a fintech startup

February 5, 2019
Goldman Sachs shares close higher on Monday, banking group invests in Bud, a fintech startup

According to a statement by Goldman Sachs Group Inc (GS) on Monday, the bank will participate in a $20 million fund-raising campaign for financial technology startup Bud. Among other investors in the latest fund-raising round are Australia and New Zealand Banking Group, Banco Sabadell of Spain as well as Investec […]

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Chevron shares gain the most in five weeks on Friday, fourth-quarter earnings top estimates as oil prices and production rise

February 4, 2019
Chevron shares gain the most in five weeks on Friday, fourth-quarter earnings top estimates as oil prices and production rise

Chevron Corp’s fourth-quarter profit, reported on Friday, outstripped Wall Street estimates, supported by higher oil prices and production growth. Chevron said that oil and gas production had increased 12.5% year-on-year during the past quarter, with net output rising to 3.08 million barrels per day. At the same time, prices paid […]

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Tesla shares close higher on Friday, company begins selling lower-priced Model 3 version in China

February 4, 2019
Tesla shares close higher on Friday, company begins selling lower-priced Model 3 version in China

On February 1st Tesla Inc began taking orders for a cheaper version of its Model 3 vehicle in China in an attempt to accelerate sales in the world’s largest auto market. Tesla shares closed higher for the fifth time in the past ten trading sessions on NASDAQ on Friday. The […]

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General Electric shares gain the most since March 2009 on Thursday as fourth-quarter sales exceed market expectations

February 1, 2019
General Electric shares gain the most since March 2009 on Thursday as fourth-quarter sales exceed market expectations

General Electric Company’s (GE) fourth-quarter sales and cash flow, reported on Thursday, outstripped Wall Street estimates, with earnings rising in the company’s aviation, health care and oil-and-gas businesses. On the other hand, GE Power and GE Capital registered a loss. The company also reached a tentative deal to settle a […]

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Alphabet shares gain for a second straight session on Thursday, Google ordered by French competition regulator to review its advertising methods

February 1, 2019
Alphabet shares gain for a second straight session on Thursday, Google ordered by French competition regulator to review its advertising methods

According to a report by Reuters, Alphabet Inc’s Google has been ordered by the French Competition Authority to review some of its advertising methods, since the latter had affected companies such as Amadeus France, an entity that runs a directory service in the country. The regulator’s decision follows a fine […]

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BlackRock shares gain for a second straight session on Wednesday, fund manager now has stake of less than 5% in Danske Bank

January 31, 2019
BlackRock shares gain for a second straight session on Wednesday, fund manager now has stake of less than 5% in Danske Bank

According to a report by Reuters, citing an announcement by Danske Bank, BlackRock Inc (BLK), the largest asset manager worldwide, has reduced its stake in Denmark’s largest bank, which is under investigation over money laundering. BlackRock shares closed higher for a second consecutive trading session in New York on Wednesday. […]

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Boeing shares gain the most in a month on Wednesday, fourth-quarter earnings top estimates, company expects to deliver around 900 aircraft in 2019

January 31, 2019
Boeing shares gain the most in a month on Wednesday, fourth-quarter earnings top estimates, company expects to deliver around 900 aircraft in 2019

Boeing Co’s (BA) fourth-quarter earnings, reported on Wednesday, outstripped Wall Street estimates, supported by strong demand for air travel. Results also underpinned the company’s forecast for full-year commercial aircraft deliveries. Boeing shares closed higher for a second consecutive trading session in New York on Wednesday. It has also been the […]

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