September 18, 2019
  • September 18, 2019
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Business

Lowe’s Upgraded to “Outperform” at Wedbush

by on September 16, 2019 0

Lowe’s Companies, Inc. (NYSE: LOW) stock was upgraded to “outperform” from “neutral” at Wedbush, merely based on the growth signals that resulted from the Chief Executive Marvin Ellison’s growth plan for home improvement retailer. The Wedbush analysts led by Seth Basham had also raised the Lowe’s Companies, Inc. (NYSE: LOW)’s price target from $115...

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Virgin in Negotiations to Acquire Affinity’s 35% Stake

by on September 15, 2019 0

Virgin Australia has entered into the exclusive negotiations, to acquire the Affinity’s 35% stake, with minority shareholder Affinity Equity Partners. Up till now nothing has been finalized, but an expected deal is likely to value the business at around $A2 billion, or around $A700 million for stake Virgin is looking to acquire. Virgin Australia...

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FedEx is Terminating Business Ties with Amazon

by on August 8, 2019 0

FedEx announced on Wednesday that it is cutting the ties with Amazon, as the online retail giant builds its own separate delivery fleet, the company said. That announcement comes just after two months, when FedEx terminated its air delivery contract with the Amazon. FedEx will pursue more e-commerce deliveries but from the other companies...

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HSBC’s Chief Executive Has Stepped Down Surprisingly

by on August 5, 2019 0

HSBC’s chief executive has stepped down surprisingly after the bank said that it needed a change in the leadership to address a challenging global environment. The Chief executive of HSBC, John Flint “by mutual agreement with the board”, is giving up the role he has held for a year and a half. He said...

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