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Ford COO Sees 2009 Crisis Flashback on Faces of His Colleagues

February 26, 2020 admin Comments Off on Ford COO Sees 2009 Crisis Flashback on Faces of His Colleagues

(Bloomberg) — Ford Motor Co.’s recently appointed chief operating officer said the struggling automaker is operating with the same sense of urgency and crisis that kept the company out of bankruptcy a decade ago.“Everyone at Ford knows the situation we’re in,” Jim Farley, who becomes COO on March 1, said Wednesday at a Wolfe Research conference in New York. “I can see it on the faces of my colleagues and it takes me back to about 10 years ago. I’ve seen the look before.”Ford was the only automaker in Detroit to avoid the bailouts and bankruptcies that befell General Motors …read more […]

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What are the Best Stocks to Invest in Right Now?

February 26, 2020 admin Comments Off on What are the Best Stocks to Invest in Right Now?

There are no easy questions in the investing world. And there are fewer easy answers. Ask 10 investors what the best stocks to invest in right now are and you’re bound to get many different responses!
The best stocks to invest in today depend on a person’s investment strategy and their mindset. Someone investing with a 10-year time horizon may peg an up-and-coming company as a great “buy low and grow” opportunity. But someone else looking to capitalize on short-term trends will likely put their money in a company with an upcoming windfall. Then cash out quickly.
If you’re wondering …read more […]

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CIBC Cuts Jobs, Shuffles Executives in Cost-Control Mission

February 26, 2020 admin Comments Off on CIBC Cuts Jobs, Shuffles Executives in Cost-Control Mission

(Bloomberg) — Canadian Imperial Bank of Commerce shuffled its top management ranks, cut jobs and took a restructuring charge as Chief Executive Officer Victor Dodig works to control costs.Canada’s fifth-largest lender by assets recorded a C$339 million ($255 million) charge in its fiscal first quarter to cover severance from staff reductions, as the pace of expense growth accelerated for a sixth straight quarter. CIBC also named new managers including the head of its largest division, Canadian personal and business banking, where the main product line — mortgages — lagged behind rivals in the past year.The moves are part of Dodig’s …read more […]

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2 Stocks to Benefit from the Coronavirus Outbreak

February 26, 2020 admin Comments Off on 2 Stocks to Benefit from the Coronavirus Outbreak

Even for the fortunate ones not directly affected by the rapidly spreading coronavirus, try as you might, it is impossible to ignore the impact it is having on all facets of life across the globe right now; from the obvious and most pertinent health issues, to travel and across most industries, global supply chains and the world’s major economies have been negatively affected. The stock markets, of course, have been hit, too; Along with international markets tumbling over the past few days, all 3 major US indexes posted sharp losses this week.The way the cookie crumbles, though, means that some …read more […]

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Trump to Speak on Outbreak; Italian Cases Expand: Virus Update

February 26, 2020 admin Comments Off on Trump to Speak on Outbreak; Italian Cases Expand: Virus Update

(Bloomberg) — U.S. President Donald Trump and federal health officials plan to brief the public Wednesday on efforts to prevent the spread of the coronavirus.Italy and Iran confirmed additional infections, Greece reported its first case and 700 people remained confined in a hotel in Tenerife, the Canary Islands. Europe’s debt risk jumped to a six-month high, stocks tumbled and oil slumped to the lowest in a year.Chevron Corp. asked traders and other staff at its Canary Wharf office in London to work from home as a precaution after an employee was tested for the coronavirus.Key DevelopmentsChina death toll at 2,715, …read more […]