HONG KONG (Reuters) – Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.
SINGAPORE (Reuters) – Asian shares held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form a coalition could ask the European Central Bank to forgive 250 billion euros of debt.
BOSTON (Reuters) – Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at improving the social media company’s response to problems like election interference and harassment.
NEW YORK (Reuters) – If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.
Cisco’s stock has climbed 18 percent and is the second biggest gainer among Dow components this year as investors bet on the company’s turnaround under Chief Executive Officer Chuck Robbins. Since taking the helm in July 2015, Robbins has steered the hardware giant away from its traditional business of supplying switches and routers and into newer growth areas such as cloud, Internet of things and cyber security. Revenue from the business, which provides technical and internet network support, rose 3 percent to $3.16 billion but fell short of estimate of $3.24 billion, according to Thomson Reuters I/B/E/S. …read more […]
(Reuters) – Network gear maker Cisco Systems Inc reported third-quarter profit and revenue that topped analysts’ estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress.
Appearing before the Senate Judiciary committee today as part of the ongoing …read more […]
NEW YORK (Reuters) – If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.
NEW YORK (Reuters) – Allergan Inc was sued on Wednesday by four large U.S. retailers that accused the drugmaker of antitrust violations for trying to stop rivals from selling generic versions of Restasis, its medication to treat dry-eye disease.
DETROIT (Reuters) – Ford Motor Co said on Wednesday that production of its popular and highly profitable F-150 pickup trucks would resume on Friday at its Dearborn, Michigan, plant, which had been closed for more than a week because of parts shortages caused by a fire at a key supplier.
(Reuters) – Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost seven-year high suggested more competition for equities and investors fretted over geopolitics.
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services on Wednesday recommended investors withhold their support from five Facebook Inc directors, including Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, citing issues including the social media company’s lack of a formal nominating committee.
GP Strategies stock had a good day in the market on Wednesday May 16. Shares climbed 3.66% and closed the day at $19.8. They’re now trading 36.64% below their 52-week high of $31.25.
With today’s good gain, GP Strategies now has a market cap of $327 million. That makes it a small cap company.
The business operates in the manufacturing industry and employs 3,645 people. Its shares trade primarily on the New York stock exchange.
GP Strategies has 16.49 million shares outstanding and 49,851 traded hands for the day. That’s above the average 30-day volume of 43,758 shares. The amount of GP Strategies …read more […]
DETROIT (Reuters) – Ford Motor Co said on Wednesday that production of its best-selling and highly-profitable F-150 pickup trucks will resume at its Dearborn, Michigan, plant on Friday, which had been closed due to parts shortages caused by a fire at a key supplier.
Find out which of these stocks got a buyout bid. …read more […]
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