The Brazilian affiliate of U.S. automaker General Motors Company (NYSE:GM)has confirmed the layoff of more than 1,000 employees from one of the multinational’s factories in Sao Jose dos Campos in Sao Paulo state, official sources said. General Motors Company (NYSE:GM) stock opened at $40.92 in last trading session, and closed at $39.57, trading in the range of $39.00 – $40.95. The stock showed a negative weekly performance of -4.70%.
Apple Inc. (NASDAQ:AAPL) shares dropped 1.12 per cent on Jan. 2 after receiving a “Market Perform” rating from a Wells Fargo analyst. Maynard Um downgraded Apple’s stocks from an Outperform rating to Market Perform due to market concerns. Apple Inc. (NASDAQ:AAPL) shares closed at $540.98 on last trade day, by losing -2.20%. Stock 52 week range is $385.10 – $575.14. Company’s market capitalization is $486.74 billion.
BlackBerry Ltd (NASDAQ:BBRY) saw its price target lifted to $6 from $5 at RBC ahead of the opening bell. BlackBerry Ltd (NASDAQ:BBRY) stock down -0.52% and finished the last session at $7.61. The EPS of the stock remained -10.19. Company’s market capitalization is $3.99 billion.
To appreciate why Microsoft Corporation (NASDAQ:MSFT) is having trouble choosing a new chief executive, consider these awkward boardroom dynamics: a founder who believes he knows best, a CEO who stepped down under pressure for a faster change in strategy, and, soon, an activist investor pushing for big changes. Microsoft Corporation (NASDAQ:MSFT) stock opened at $37.20 in last trading session and closed at $36.91. The 52 week range of the stock is $26.28 – $38.98 and the day range was $36.60 – $37.22.