Trading Ideas
Micron Poised to Report Great Results, but the Outlook Matters More
Analysts are starting to worry about DRAM pricing, predicting a rougher 2019. …read more […]
Month: September 2018
Trading Ideas
GE says four of its flagship power turbines are shut down in U.S.
The problem was discovered a few weeks ago on turbine blades in a natural gas-fueled turbine, known as the 7HA, operated by Exelon Corp (EXC.N) in Texas, GE told Reuters. “We expect the same issue will impact other HA units,” GE spokesman Chris Shigas said in an email. If the problem persists GE might need to pay compensation to customers and make costly design changes. …read more […]
Trading Ideas
GE says four HA turbines in U.S. shut down due to blade problem
General Electric Co said on Thursday that four of its flagship power turbines in the United States have been shut down due to a problem with turbine blades that was discovered at an electrical power plant … …read more […]
Trading Ideas
Police: 1 victim upgraded after workplace shooting
Authorities are trying to figure out why a software company employee opened fire inside his Wisconsin office, armed with a pistol and extra ammunition, and seriously wounded several of his colleagues before he was fatally shot by police. Middleton Police Chief Chuck Foulke said the motive behind the Wednesday morning attack at WTS Paradigm wasn’t immediately clear. The name of the suspect hasn’t been released, but police said he worked at the company and lived in nearby Madison. …read more […]
Trading Ideas
Under Armour to cut 400 more jobs in turnaround push, shares rise
“Competition still remains an issue,” said Neil Saunders, managing director of GlobalData Retail. Initial signs from channel checks and online sales are that Nike is also set to get a boost from a controversial ad campaign, launched earlier this month, featuring former NFL player Colin Kaepernick. …read more […]
Business News
Minneapolis prosecutors weighing evidence in JD.com CEO case
Prosecutors are weighing whether to bring charges against Richard Liu after the Minneapolis Police Department turned over the findings of its initial investigation into accusations of rape against the JD.com founder, according to a statement released on Thursday by the Hennepin County Attorney’s Office.
Business News
Emirates, Etihad airlines deny report they may merge
State-owned Emirates and Etihad, two of the Middle East’s top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over Etihad to create the world’s largest carrier.
Business News
BlackRock’s Fink: U.S. a short-term ‘big winner’ in China trade war
Larry Fink, chief executive of BlackRock , the world’s largest asset manager, on Thursday said the United States is “a big winner” in the trade war with China “in the short-term,” but not necessarily over time.
Business News
Morgan Stanley sues six Illinois brokers who left for Stifel
Morgan Stanley has sued six brokers who left an Illinois branch of the firm last week to join competitor Stifel Nicolaus , alleging that they have been soliciting Morgan Stanley clients in violation of employment agreements.
Business News
VW rejects Trump envoy’s take on Iran pullout
Carmaker Volkswagen AG rejected on Thursday a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump’s ambassador to Germany, saying its position on the country had not changed.
Business News
Rare auction showdown could decide fate of broadcaster Sky
A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday.
Business News
Dow hits record high as industrials gain on trade relief
The Dow Industrial Average on Thursday became the last of the benchmark indexes to regain record territory, boosted by gains in industrial companies on continued relief that fresh U.S. and China tariffs were less damaging than feared.
Business News
U.S. existing home sales unchanged in August
U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite strength across the broader economy.
Business News
Aston Martin races ahead with up to $6.7 billion flotation
Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation next month and said it is prepared for any outcome from the Brexit talks.
Business News
Tesla Model 3 gets 5-star rating from U.S. safety agency
Tesla Inc’s Model 3 sedan has been awarded a five-star rating by the U.S. auto safety agency NHTSA in tests that are standard for cars in the United States.