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American Express announced Q3 earnings

3 mins read

The FINANCIAL — American Express Company (NYSE: AXP) today reported third-quarter net income of $1.1 billion, or $1.30 per share, compared with net income of $1.8 billion, or $2.08 per share, a year ago. “While our business continues to be significantly affected by the impacts of the pandemic, our third quarter results have increased our confidence that our strategy for managing through the current environment is the right one,” said Stephen J. Squeri, Chairman and Chief Executive Officer. “Since the lows of mid-April, we have seen a steady recovery in our overall spending volumes. In fact, we had positive year-over-year…

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American Express announced Q3 earnings

3 mins read

The FINANCIAL — American Express Company (NYSE: AXP) today reported third-quarter net income of $1.1 billion, or $1.30 per share, compared with net income of $1.8 billion, or $2.08 per share, a year ago. “While our business continues to be significantly affected by the impacts of the pandemic, our third quarter results have increased our…

LINK Mobility got listed on Oslo Børs

1 min read

The FINANCIAL — The software company LINK Mobility has today been listed on Oslo Børs (ticker code: LINK). LINK Mobility is one of Europe’s leading providers of mobile messaging and Communications Platform as a Service («CPaaS») solutions. “Becoming a stock exchange listed company marks a significant milestone on the way to our ambitious goal of becoming a global leader in…

Making Science got listed on Euronext Growth Paris

1 min read

The FINANCIAL — Euronext, Europe’s leading capital markets operator, announced today that 7,062,300 shares of Making Science, a technology and digital marketing consultancy firm specialising in e-commerce and digital transformation, have begun trading through a dual listing on Euronext Growth Paris. The incorporation of the Spanish firm confirms Euronext’s position as the leading market for…

ConocoPhillips to acquire Concho Resources for $9.7 bln

4 mins read

ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged…

Stock markets mixed after Wall Street slides

2 mins read

The FINANCIAL — Global stock markets were mixed Monday after the fact that Wall Street turned in its biggest weekly decline in more than two months. London and Frankfurt opened higher. U.S. futures were lower. Benchmarks in Shanghai, Tokyo and Hong Kong retreated while Seoul and Sydney gained. Southeast Asian markets were mixed. On Wall Street,…

Tesla soared around 50% after company announced its 5 for 1 stock split

2 mins read

The FINANCIAL — Tesla announced on August 11, 2020 that the Board of Directors has approved and already declared a five-for-one split of Tesla’s common stock in the form of a stock dividend. The goal of this action is to make stock ownership more accessible to employees and investors. Tesla Inc.’s market cap now stands at $382.04…