Month: December 2019

Boeing Co has decided it will not compete as a prime contractor to replace the Pentagon’s aging U.S.-based Minuteman III missile system, paving the way for Northrop Grumman Corp to win a contract worth tens of billions of dollars. Friday marked the deadline to submit proposals to continue work on the replacement of the nearly half-century-old intercontinental ballistic missile (ICBM) system as the military embarks on a costly modernization of its aging atomic weapons. Boeing said in a statement that it was disappointed it was unable to submit a bid. …read more […]

Education Secretary Betsy DeVos testified on Capitol Hill on Thursday, defending her department’s position on how it granted debt relief claims to more than 200,000 defrauded borrowers. One borrower begged her to stop stalling. …read more […]

(Bloomberg) — Scott Lang, the new chief executive officer of Turvo Inc., wants to emphasize an important corporate policy at his startup: Employees may not entertain clients at strip clubs and certainly not bill those trips to the business. The rule is salient because his predecessor was fired for doing just that.The board accused the co-founder, Eric Gilmore, of expensing $76,120 at strip clubs over a three-year span and removed him as CEO in May, according to legal filings. Gilmore, 39, didn’t deny the accusations, but he sued the company, claiming the board didn’t follow the proper protocol for his …read more […]

The trade “deal” with China is a modest rollback of tariffs that leaves many problems unresolved. …read more […]

As we come ever closer to the holidays, investors should keep a sharp eye on Target (NYSE: TGT). There are many reasons for this, but perhaps none more so than the continued pull of the legendary “Target Effect.”
Target’s stock price is up about 88% on the year. Compare that with other retailers like Walmart (NYSE: WMT) and Amazon (Nasdaq: AMZN) which are only up about 25% and 14%, respectively. And compare it with the S&P 500, which is only up about 24% on the year.
But… isn’t retail dead? And if so, why is Target enjoying such phenomenal performance …read more […]

Yahoo Finance’s Julie Hyman breaks down the trending stories on On The Move. …read more […]

Microsoft unveiled its next generation video game console, Xbox Series X. The console is set to be released during the 2020 holiday season. Yahoo Finance’s Julie Hyman, Brian Cheung, Pras Subramanian and Dan Howley discuss on On The Move. …read more […]