Trading Ideas
Nest's CEO is stepping down
Five months ago, Google decided to rein in Nest. After four years as a mostly …read more […]
Year: 2018
Business News
CSX profit tops Wall St target on cost cuts, pricing power
CSX Corp on Tuesday posted quarterly profit that topped Wall Street’s target, as the No. 3 U.S. railroad operator benefited from an ongoing cost-cutting drive and rising prices for carrying freight.
Business News
CSX profit tops Wall St. target on cost controls, shares rise
CSX Corp on Tuesday posted quarterly profit that topped Wall Street’s target after the No. 3 U.S. railroad operator continued to benefit from its drive to cut costs and boost efficiency.
Business News
Boeing CEO says Embraer deal offers thrifty suppliers more volume
Boeing Co sees scope for additional cost savings from suppliers as it expands through the proposed acquisition of the regional jet business of Brazil’s Embraer SA , Chief Executive Dennis Muilenburg told Reuters on Tuesday.
Trading Ideas
MGM sues Vegas mass shooting victims, argues it isn’t liable
MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed Friday in Nevada and California that it has “no liability of any kind” to survivors or families of slain victims under a federal law enacted after the Sept. 11 terrorist attacks. The lawsuits target victims who have sued the company and voluntarily dismissed their claims or have threatened to sue after a gunman shattered the …read more […]
Business News
Texas Instruments CEO resigns on code of conduct violation
Texas Instruments Inc said on Tuesday Brian Crutcher had resigned as the company’s chief executive officer just six weeks into the role, due to violations of the chipmaker’s code of conduct.
Business News
United Airlines raises profit forecast, trims capacity expansion
United Airlines raised its profit forecast for 2018 on Tuesday, as average fares and traffic both rose and it trimmed capacity expansion in the face of soaring fuel costs.
Business News
CSX profit tops Wall St. target on expense controls, shares rise
CSX Corp on Tuesday posted quarterly profit that topped Wall Street’s target after the No. 3 U.S. railroad operator continued to benefit from its drive to cut costs and boost efficiency.
Business News
Texas Instruments CEO Brian Crutcher resigns
Texas Instruments Inc said on Tuesday Brian Crutcher has resigned as the company’s chief executive officer and president, as well as a member of its board due to violations of its code of conduct.
Business News
U.S. labor board judge rejects McDonald’s bid to settle franchisees’ case
A judge with a U.S. labor agency on Tuesday rejected McDonald’s Corp’s proposed settlement of a major case on whether the fast-food company is accountable for alleged labor law violations by franchisees across the country.
Business News
Toshiba may face renewed shareholder accounting claims: U.S. appeals court
A U.S. appeals court gave investors in Toshiba Corp’s U.S.-listed securities another chance to show they suffered losses because the Japanese industrial conglomerate misled them about its internal controls before a 2015 accounting scandal.
Business News
Wall St. climbs on Powell comments, earnings
Wall Street stocks rose on Tuesday, with the Dow Jones Industrial Average posting its fourth consecutive session of gains after Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting period.
Business News
United Airlines raises 2018 profit forecast; shares rise
United Airlines raised its profit forecast for 2018 on Tuesday, breaking a trend for U.S. airlines as average fares and traffic both rose and it trimmed capacity expansion in the face of soaring fuel costs.
Business News
Wall St. ends up on Powell comments, earnings
U.S. stocks rose on Tuesday and the Dow posted its fourth consecutive session of gains, as Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting period.
Business News
‘Fanatical’ pro-Brexit lawmakers pushing UK toward new election: former PM Major
Prime Minister Theresa May could be forced to call another election in months if the “fanatical” pro-Brexit wing of her party do not compromise over how Britain leaves the EU, former prime minister John Major warned on Tuesday.