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Aston Martin Cuts a Rescue Deal with F1 Billionaire

Aston Martin plans to raise £500m in an emergency funding led by Canadian Formula 1 billionaire Lawrence Stroll as the British automaker attempts to recover from a period marked by a disastrous IPO. Lawrence Stroll’s consortium will pay £182m for...

Southwest Airlines Falls After Reports Of Poor Safety Practices

Southwest Airlines co. is on the receiving end of a scathing government report accusing the airliner of ignoring safety regulations, according to The Wall Street Journal‘s review of a Transportation Department report. According to the report which could be released...

Unilever CEO Fails to Deliver on Food Business Promise

Chief Executive of Unilever, Alan Jope, said last year that his company intends to sell brands without “purpose”. Since no action has been taken so far in this area, investors have started to feel impatient. The food business has been...

Tesla Stock Price Can Hit Levels Above $700 in February

Tesla stock price has surged higher in postmarket trading on the back of the earnings beat for the fourth-quarter results. In a pre-market trading session, shares of Tesla hit a high of $659.95, which is 13.5% higher compared to yesterday’s...

2020 is turning out to be a strong IPO year

If you thought last year’s IPO market was one of the slowest, you might want to reconsider that after a recent surprising statistic that suggested IPOs beat the market last year. You heard it right, 2019 was among the best...

Boeing’s ‘Kitchen Sink’ Quarter, Explained

Airplane maker Boeing Co reported Wednesday morning fourth quarter results which were highlighted by its first annual core operating loss in two decades.  Boeing lost $636 million throughout 2019 which marks a dramatic reversal from 2018’s $10.46  billion profit. Of...

3M’s Stock Loses 5% As CEO Plays Defense

Shares of Dow Jones component 3M were trading lower by more than 5% Tuesday on a day when the index soared higher by more than 250 points. The stock’s weakness can be directly attributed to a poor earnings report which...

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