Trading Ideas
Cisco Earnings Preview: 3 Quarters of Growth
The networking hardware provider’s Catalyst 9000 switches and its security business will help drive revenue higher in the fourth quarter. …read more […]
Year: 2018
Business News
Goldman shareholders can again pursue class action over CDOs
A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
Business News
Soros Fund Management adds popular tech names, BlackRock in second-quarter
Soros Fund Management LLC added Facebook Inc , Apple Inc and Twitter Inc , but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday.
Trading Ideas
Raytheon Laser 1, Drone 0
Recent tests show lasers are a viable weapon for defense against drones — but are they a viable revenue stream for Raytheon? …read more […]
Trading Ideas
Jim Cramer on Tesla skeptics
CNBC’s Jim Cramer gives his take on investors betting against Tesla and Elon Musk. …read more […]
Trading Ideas
Warren Buffett’s firm adds to Apple, Teva investments
Berkshire Hathaway Inc. filed an update on its U.S. stock portfolio with the Securities and Exchange Commission on Tuesday. Berkshire held nearly 252 million Apple shares at the end of June, up from 239.57 million in March. Berkshire had said Monday that it reduced some of its investments in airline and banking companies, such as American Airlines and U.S. Bancorp, because it seeks to own no more than 10 percent of any firm and those companies have been repurchasing stock. …read more […]
Business News
Lockheed wins $2.9 billion contract for U.S. missile warning satellites
Lockheed Martin Corp has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday.
Trading Ideas
Berkshire boosts Goldman, Teva stakes; buys more Apple
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel’s Teva Pharmaceutical Industries Ltd during the second quarter and … …read more […]
Trading Ideas
Sears CEO Bids $470 Million for Kenmore, Home-Improvement Units
Edward Lampert wants to slim Sears down so it can stay standing. Lampert, the chief executive officer of Sears as well as its largest shareholder, is proposing to use his hedge fund ESL Investments Inc. to buy the store’s Kenmore and Sears Home Improvement businesses at a valuation of around $470 million, according to a regulatory filing Tuesday. “We are prepared to move as quickly as possible to complete these transactions, which is in the best interest of all parties involved,” ESL said in a emailed statement to Bloomberg News. …read more […]
Trading Ideas
Here's how much Warren Buffet has made from his massive investment in Apple
The ‘Oracle of Omaha’ has started embracing tech and it’s paying off for Berkshire Hathaway. …read more […]
Business News
Musk bid for Tesla: no formal offer, no firm deals with advisers
Tesla Inc’s board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk’s potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.
Business News
Tribune executives will get bonuses after Sinclair deal collapses
Tribune Media Co said Tuesday it will pay bonuses to executives who worked for more than 15 months on its failed merger with Sinclair Broadcast Group Inc .
Business News
Berkshire boosts Goldman, Teva stakes; buys more Apple
Warren Buffett’s Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel’s Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc .
Trading Ideas
Berkshire boosts Goldman, Teva stakes; buys more Apple
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) boosted its investments in Goldman Sachs Group Inc (GS.N) and Israel’s Teva Pharmaceutical Industries Ltd (TEVA.TA) during … …read more […]
Business News
Kroger partners with Alibaba in China grocery sales venture
Kroger Co has partnered with Alibaba Group Holding Ltd to sell nuts, supplements and other products in China, venturing outside the United States for the first time in what is fast becoming a fierce global battle to dominate online grocery sales.