More store closures are hitting J.C. Penney. In April, the retailer will close six stores in Ohio, New York, South Carolina, Oklahoma and more. …read more […]
Four Los Angeles-area schoolteachers who were doused with jet fuel dumped by a Delta Air Lines plane in the minutes before it made an emergency landing sued the airline on Friday, accusing the flight crew of negligence. The plaintiffs say the pilot of the Delta Flight 89, which took off from Los Angeles International Airport (LAX) on Tuesday bound for Shanghai, failed to follow proper procedures in dumping thousands of pounds of fuel over a densely populated area at relatively low altitude. A Delta spokesman declined to comment on the lawsuit, which was filed in Los Angeles County …read more […]
(Bloomberg) — McDermott International Inc. is preparing to file for bankruptcy as soon as next week to address its more than $4 billion debt load, according to people with knowledge of the matter.The Houston-based company, which builds oil platforms and gas-export plants for energy producers, is negotiating a restructuring plan that could see its debt converted into equity with existing term-loan lenders getting the majority of the shares, said the people. Unsecured creditors would receive less than 10% of the equity along with warrants, one of the people said.The terms of the restructuring are still being negotiated and could change, …read more […]
Jeff Immelt is GE’s fall guy so he is writing a book to tell his side of the story. …read more […]
Q4 2019 Schlumberger NV Earnings Call …read more […]
2019 brought the fake meat trade front and center. What’s next in the food space? AccelFoods is an early-stage venture fund investing in consumer products, including, high-quality food and beverage companies. Jordan Gasper, Managing Partner at AccellFoods, joined The Final Round to discuss. …read more […]
Fund’s major reductions include Samsung and several other top holdings Continue reading… …read more […]
Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada’s policy towards Iran, Meng’s lawyers argued in court documents released on Friday.
Morgan Stanley said on Friday that its board lowered Chief Executive Officer James Gorman’s total compensation for 2019 to $27 million, from $29 million in 2018, according to regulatory filings.
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.
Defense lawyers argue a senior executive of the Chinese tech giant Huawei should not be extradited to the U.S. because her actions would not be considered crimes under Canadian law. The extradition hearing for Huawei chief financial officer Meng Wanzhou is scheduled to begin Monday. Meng, the daughter of the company’s founder, faces charges of committing fraud to try and evade U.S. sanctions on Iran. …read more […]
Best Buy’s board is investigating allegations that Chief Executive Corie Barry had an inappropriate romantic relationship with a fellow executive, who has since left the electronics retailer reports the Wall Street Journal. The allegations were sent to the board in an anonymous letter dated Dec. 7. …read more […]
Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Remember the 1990s? It was a heady time for investors.
Stocks surged to unprecedented heights as excitement about the internet’s promise captured the world’s imagination. It was an era of “hot initial public offerings (IPOs)” featuring unprofitable companies like Pets.com.
These companies went public based on hype, hope and “new-era” metrics like eyeballs. And investors couldn’t get enough of them.
The dot-com bubble was truly a mania. It seemed like everyone in America was trading stocks and bragging about their winnings.
And a few key factors suggest we are a long way from those days…
Stock valuations: Today’s price-to-earnings (P/E) ratios are higher than average, …read more […]
U.S. consumer electronics retailer Best Buy Co said on Friday its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.
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