U.S. stocks were up slightly in early trading Friday as investors cheered a crop of strong company earnings. Technology companies posted some of the biggest gains. A jump in bond yields also helped lift bank shares. Consumer products companies lagged the most. Energy stocks declined following a slide in crude […]
FOX News
GE CEO signals ‘sweeping change’ ahead, $20 billion in asset sales
General Electric Co (GE) Chief Executive John Flannery said Friday investors can expect “sweeping change” from his review of the businesses, and that the industrial conglomerate will focus on profit, cash generation and accountability of employees. Continue Reading Below Flannery said he sees room to cut more than $2 billion […]
Should You Sell Western Digital After its Toshiba Loss?
Western Digital‘s (NASDAQ: WDC) lengthy attempt to acquire Toshiba‘s (NASDAQOTH: TOSBF) memory unit failed last month, with Toshiba deciding to sell the unit to a consortium led by SK Hynix and Bain Capital. Continue Reading Below Western Digital previously inherited a NAND flash memory joint venture with Toshiba through its […]
Why Marijuana Stocks Won’t Pay a Dividend, Even if They’re Profitable
There aren’t too many industries that can grow at 20%-plus a year over the next five years, but marijuana could be one of them. Cannabis research firm ArcView believes the legal North American pot industry could be worth $21.6 billion by 2021, which would translate to a 26% compound annual […]
3 Ways to Make Your Social Security Benefits Bigger
The bigger your Social Security benefits are, the less income you’ll need to generate from other sources such as your retirement savings. This can be particularly important if you are behind on saving for retirement, or have suffered some unfortunate losses from your investments. Fortunately, there are ways to increase […]
Celgene Could Be the Best CAR-T Stock to Buy, Not Gilead Sciences
Gilead Sciences‘ (NASDAQ: GILD) recently approved Yescarta could be a billion-dollar blockbuster cancer-cell therapy, but the company could face stiff competition from Celgene (NASDAQ: CELG) someday. Celgene has successfully used research and development (R&D), acquisitions, and partnerships to become one of the world’s biggest oncology biotech companies, and the use of this […]
P&G’s profit beats Wall Street on higher sales of beauty, home care
Consumer goods giant Procter & Gamble Co (PG), which recently declared victory in an historic proxy fight with activist investor Nelson Peltz, reported a better-than-expected quarterly profit on Friday but sales slightly missed Wall Street estimates. Continue Reading Below The company, which houses more than 60 brands, saw higher sales […]
China Southern to buy 38 Boeing jets worth $5.65b
China Southern Airlines has signed a deal to buy 38 aircraft from U.S. planemaker Boeing Co with a combined price tag of $5.65 billion, the Chinese carrier said on Friday. Continue Reading Below China’s largest airline by passenger numbers has agreed to buy 8 B777-300ER wide body jets and 30 […]
Daimler profits hit by costs of diesel emissions recall
FRANKFURT, Germany – German automaker Daimler said Friday that its net profit fell 16 percent in the third quarter as a voluntary recall to improve diesel emissions hurt earnings at its Mercedes-Benz luxury car brand. Continue Reading Below Net profit fell to 2.3 billion euros ($2.7 billion) despite a 6 […]
The Latest: Spain, opposition agree to hold Catalan election
BARCELONA, Spain – The Latest on the Spain-Catalonia political crisis (all times local): Continue Reading Below 10:50 a.m. A Spanish opposition Socialist politician says that her party and Spain’s government have reached an agreement to hold a regional election in Catalonia in January as a way to resolve one of […]