J.C. Penney (OTCMKTS: JCPNQ) CEO, Jill Soltau, revealed Tuesday that the company hopes to withdraw from Chapter 11 bankruptcy before the holiday season. In a news release, the retailer...
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Nikola Shares Rise As GM President Boosts Partnership
Nikola (NASDAQ: NKLA) shares shot up almost 12% in premarket trading Wednesday amid news that General Motors executive expressed he has hope for a potential partnership between the two...
Procter & Gamble (NYSE: PG), an American multinational consumer goods corporation, revealed Tuesday that its first quarter revenue had increased 9%. As the demand for cleaning products has grown...
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Chewy Skyrockets Following Jefferies Upgrade to Buy
Chewy (NYSE: CHWY), the online pet product seller, was upgraded to “buy” from “hold” by Jefferies. The Investment bank noted its positive perspective on the pet industry, including budding...
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Tesla Investor Expects it to be a $2 Trillion Company
Tesla (NASDAQ: TSLA) shares have skyrocketed over 400% this year, and according to Billionaire investor Ron Baron, it is set to become a USD2 Trillion company. Baron revealed in...
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AMC Warns its Cash Will be “Largely Depleted” by Years End
AMC (NYSE: AMC), United States largest movie theater chain, announced Tuesday that its cash will most likely be depleted by the end of the year. Shares have declined 7.8%...
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AMC Pledges to Remain Open Throughout the Pandemic
AMC Theaters (NYSE: AMC), the largest movie theater chain in the U.S., along with rival Cinemark have revealed they have no intention of closures. Despite continuous postponement of several...
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Bristol-Myers Set to Acquire MyoKardia for $13 Billion
Bristol-Myers Squibb (NYSE: BMY), an American pharmaceutical company, announced Monday it will be acquiring MyoKardia for USD13 Billion in order to strengthen its portfolio of heart disease treatments, as...
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Nikola Shares Increase 31% Amid Reassured Business Structure
Nikola (NASDAQ: NKLA) shares skyrocketed 31% Thursday following news the company’s production timeline and factory strategy are on schedule despite the ongoing uncertainty amid investors regarding the company’s business...
LVMH (OTCMKTS: LVMUY) announced Tuesday it had filed a countersuit against Tiffany after retracing from the USD16.2 Billion deal to acquire the luxury jeweler. France’s LVMH expressed it would...