Business News
Wells Fargo to reduce headcount by 5-10 percent in next three years
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years.
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Business News
Dow hits record high as trade fears wane
The Dow Jones Industrial Average was the last among Wall Street’s main indexes to regain record territory on Thursday as technology companies led a broad-based rally and trade worries faded.
Business News
AT&T asks U.S. appeals court to uphold approval of Time Warner acquisition
AT&T Inc on Thursday asked a federal appeals court to reject the Justice Department’s challenge to its acquisition of Time Warner, saying the government had offered no basis for second guessing key conclusions of a ruling upholding the transaction.
Business News
Opel to further scale back production at Ruesselsheim: report
Carmaker Opel, a unit of France’s PSA Group , is planning to further scale back production at its Ruesselsheim plant, a local newspaper group reported on Friday.
Business News
Amazon adds new Echo devices in bid to dominate voice gadgets
Amazon.com Inc on Thursday introduced new Echo devices with more powerful audio in a bid to stay ahead of rivals Apple Inc and Alphabet Inc’s Google in the nascent category for voice-controlled gadgets.
Business News
Dow regains record territory as trade concerns ease
The Dow Industrial Average was the last among Wall Street’s main indexes to regain record territory on Thursday, as investor concerns over U.S.-China trade spat cleared away and focus shifted to the strength of the economy.
Business News
Four General Electric power turbines shut down in U.S. due to blade issue
General Electric Co said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an “oxidation issue” and warned it expects the problem to affect more of the 51 units it has shipped, sending shares lower.
Business News
Google defends Gmail data sharing, gives few details on violations
Alphabet Inc’s Google defended how it polices third-party add-ons for Gmail in a letter to U.S. senators made public on Thursday, saying that upfront review catches the “majority” of bad actors.
Business News
Animal health firm Elanco surges 41 percent on debut
Eli Lilly unit Elanco Animal Health Inc’s shares jumped as much as 41 percent on their stock market debut on Thursday, adding to investor enthusiasm for the fast-growing pet healthcare market.
Business News
Google tells Congress it continues to allow developers to scan, share Gmail data
Alphabet Inc’s Google told U.S. senators that the company continues to allow developers to scan and share data from Gmail accounts, according to a letter made public Thursday.
Business News
Aston Martin aims to steer round Brexit to $6.7 billion IPO
Luxury British carmaker maker Aston Martin is seeking a price tag of up to 5.1 billion pounds ($6.7 billion) in its stock market debut next month and has geared up for any Brexit outcome, it said on Thursday.
Trading Ideas
MORGAN STANLEY: Don't expect much upside from Nvidia's gaming business anytime soon (NVDA)
The performance of Nvidia’s new GeForce RTX series have been disappointing, Morgan Stanley says. Software supporting the expensive new graphics cards is still limited, and the new product cycle could show a slower growth in adoption compared to its previous cycle, analysts said. Nvidia’s new graphic-card performance is disappointing, and it could be some time before the cards drive growth for the company’s gaming business, Morgan Stanley says. …read more […]
CEO Interview
Tilray Inc, (NASDAQ: TLRY) “Global Cannabis Player” Interview with CEO Brendan Kennedy
Tilray Inc, (NASDAQ: TLRY) “Global Cannabis Player” Interview with CEO Brendan Kennedy Kennedy, discusses the medical cannabis market and expectation that more countries will be legalizing cannabis for recreational use over next 12-24 months.
Trading Ideas
Dominion Energy Inc. Gives Up on Its MLP
The utility is the latest energy company to take its master limited partnership private after a government policy change cut into its cash flow. …read more […]
Business News
S&P sector reshuffle may do little for telecom stocks
The S&P 500’s three-company telecommunications services index is about to be folded into a much higher-profile group, but a brighter spotlight may not be enough to boost the stocks as investors continue to favor growth sectors.