Trading Ideas
NXP Semiconductors a buy despite failed Qualcomm deal
Jim Cramer argues that NXP Semiconductors’ prospects are still intact after Qualcomm dropped its bid for the chipmaker. …read more […]
Articles by Editor
Trading Ideas
What Moonves Stands to Lose If Fired From CBS
Jul.30 — CBS Corp. CEO Leslie Moonves will remain on the job while board of the broadcast giant seeks an outside counsel to investigate allegations of sexual harassment. Bloomberg’s Anders Melin reports on “What’d You Miss?” …read more […]
Trading Ideas
CBS CEO Moonves survives board meeting amid misconduct probe
It was not immediately clear if Moonves would stay on for the duration of the investigation. Moonves, 68, is one of the global media industry’s highest-paid executives and could receive a severance package of more than $180 million (137.01 million pounds)based on his contract and the terms of his departure, according to CBS filings with the U.S. Securities and Exchange Commission. The media and TV company on Friday disclosed plans for a probe after the New Yorker magazine published an article detailing claims by six women who said Moonves sexually harassed them in incidents between 1985 and 2006. …read more […]
Business News
Chipotle shuts Ohio restaurant after reports of illness
Chipotle Mexican Grill Inc has shut a restaurant in Ohio following reports of customers falling sick after eating there, the burrito chain said on Monday.
Trading Ideas
Instructure (INST) Reports Q2 Loss, Tops Revenue Estimates
Instructure (INST) delivered earnings and revenue surprises of 4.00% and 1.11%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock? …read more […]
Business News
Chipotle shuts Ohio restaurant after reports of illness: Business Insider
Chipotle Mexican Grill Inc has shut a restaurant in Ohio following reports of customers falling sick after eating there, Business Insider reported on Monday.
Trading Ideas
Chipotle falls on report Ohio location closed after custo…
CNBC’s Seema Mody reports. …read more […]
Business News
Uber to stop developing self-driving trucks
Uber [UBER.UL] will stop developing self-driving trucks that have been hauling cargo on U.S. highways, the ride-hailing company said on Monday, seeking to focus its autonomous-vehicle technology solely on cars.
Trading Ideas
Why Sohu.com, Netflix, and American Express Slumped Today
On a down day for Wall Street, these stocks suffered outsize drops. …read more […]
Business News
CBS CEO Moonves survives board meeting amid misconduct probe
CBS Corp’s board left embattled Chief Executive Leslie Moonves in his post on Monday as it discussed sexual harassment claims against him and took steps to select an outside counsel to lead an independent investigation into the matter.
Business News
Widespread tech sell-off drags Wall St. down
A broad sell-off of technology stocks pushed the three major U.S. stock indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than 1 percent for the first time in three years just days after hitting a record high.
Business News
CBS takes no immediate action on Moonves as it selects lawyers for probe
CBS Corp’s board on Monday took no immediate action over allegations of sexual misconduct by Chief Executive Leslie Moonves but said it was in the process of selecting an outside counsel to lead an independent investigation into the matter.
Business News
U.S. seeks to end criminal fraud case against bond trader Litvak
U.S. prosecutors on Monday moved to dismiss their criminal fraud case accusing former trader Jesse Litvak of lying to customers about bond prices, after two convictions of the former Jefferies managing director were overturned on appeal.
Trading Ideas
GE hires bankers to mull sale of digital assets: WSJ
GE’s multibillion-dollar digital business, which includes its Predix software system and applications, has been struggling with technical issues and weakening sales. GE has been seeking partners to invest in GE Digital as it narrowed the target markets for the division and abandoned plans to build a cloud platform, instead partnering with Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) clouds. Faced with cash constraints and falling profits at its large power business, GE chose to reduce investment in the digital unit and focus on partnerships. …read more […]
Business News
Wall St. ends lower; Nasdaq leads the decline
A broad sell-off of technology stocks pushed all three major U.S. stock indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than 1 percent for the first time in three years just days after hitting a record high.