(Reuters) – Network gear maker Cisco Systems Inc reported third-quarter profit and revenue that topped analysts’ estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress.
Appearing before the Senate Judiciary committee today as part of the ongoing …read more […]
NEW YORK (Reuters) – If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.
NEW YORK (Reuters) – Allergan Inc was sued on Wednesday by four large U.S. retailers that accused the drugmaker of antitrust violations for trying to stop rivals from selling generic versions of Restasis, its medication to treat dry-eye disease.
DETROIT (Reuters) – Ford Motor Co said on Wednesday that production of its popular and highly profitable F-150 pickup trucks would resume on Friday at its Dearborn, Michigan, plant, which had been closed for more than a week because of parts shortages caused by a fire at a key supplier.
(Reuters) – Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost seven-year high suggested more competition for equities and investors fretted over geopolitics.
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services on Wednesday recommended investors withhold their support from five Facebook Inc directors, including Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, citing issues including the social media company’s lack of a formal nominating committee.
GP Strategies stock had a good day in the market on Wednesday May 16. Shares climbed 3.66% and closed the day at $19.8. They’re now trading 36.64% below their 52-week high of $31.25.
With today’s good gain, GP Strategies now has a market cap of $327 million. That makes it a small cap company.
The business operates in the manufacturing industry and employs 3,645 people. Its shares trade primarily on the New York stock exchange.
GP Strategies has 16.49 million shares outstanding and 49,851 traded hands for the day. That’s above the average 30-day volume of 43,758 shares. The amount of GP Strategies …read more […]
DETROIT (Reuters) – Ford Motor Co said on Wednesday that production of its best-selling and highly-profitable F-150 pickup trucks will resume at its Dearborn, Michigan, plant on Friday, which had been closed due to parts shortages caused by a fire at a key supplier.
Find out which of these stocks got a buyout bid. …read more […]
(Reuters) – Network gear maker Cisco Systems Inc reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as cyber security.
The U.S. Senate voted 52 to 47 on Wednesday to reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules, but it still faces an uphill battle. The margin was larger than expected with three Republicans voting with 47 Democrats and two independents to reverse the Trump administration action. It is not clear if the U.S. House of Representatives will vote at all on the measure, while the White House has said it opposed repealing the December FCC order. …read more […]
NEW YORK (Reuters) – Retail and technology stocks led Wall Street higher on Wednesday as the small-cap Russell 2000 hit a record peak, even as U.S. bond yields touched near a seven-year high and investors fretted over geopolitics.
An explosion that rocked a Southern California medical building, killing the owner of a day spa and seriously injuring two patrons, is being investigated as a crime after federal officials found remnants of an explosive device inside the spa, officials said Wednesday. The explosion occurred Tuesday in Aliso Viejo, about 50 miles (80.5 kilometers) south of Los Angeles. “At this point, we do not believe this was an accident,” said Paul Delacourt, special agent in charge of the FBI’s field office in Los Angeles. …read more […]
Senate Democrats won a vote to preserve net neutrality regulations, a victory for a measure that still faces obstacles to becoming law but could appeal to young voters and boost the party in mid-term elections. The Senate voted 52 to 47 with three Republicans joining all the Democrats and independents, in favor of a resolution to eliminate the Republican-led Federal Communications Commission’s December gutting of earlier rules passed by Democrats. The Senate measure needs to win a vote in the House where Republicans have a larger majority, and to get a signature from President Donald Trump, who supports …read more […]
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