Articles by admin

Baker Hughes will emerge from the shadow of parent General Electric Co. amid unprecedented turmoil and dislocation in the global oil business. GE’s plan to unload its 62.5 percent stake in the oilfield-services company over the next two to three years will leave Baker Hughes in much the same place it was before the industrial conglomerate absorbed it last year: battling the behemoths of oil services — Schlumberger Ltd. and Halliburton Co. — for customers and contracts. Since that combination, rising crude prices haven’t translated into improved results in many parts of the globe and Baker Hughes’s stock …read more […]

Leading the Apple (NASDAQ:AAPL) rumor mill today is news of all of AAPL’s product plans for 2018. 2018 Plans: A recent rumor claims to know all of Apple’s product plans for 2018, reports BGR. AirPods Case: An unlikely rumor claims that Apple will introduce a new feature to the AirPods’ charging case in its next generation, 9to5Mac notes. …read more […]

Bank of America Corp. was accused in a lawsuit of providing more than 100 accounts used to perpetrate what the U.S. regulators called a $102 million Ponzi scheme. The brother and sister who sued to recover losses from their late father’s investment claim the fraudsters “could not have perpetuated their scheme without the knowing assistance of their primary banking institution, Bank of America, which lent the scheme an air of legitimacy and provided critical support, including at times when the scheme would have otherwise collapsed,” according to the complaint. Bank of America spokesman Bill Halldin had no immediate …read more […]

Today we’re going to take a look at the well-established American Airlines Group Inc (NASDAQ:AAL). The company’s stock saw significant share price volatility over the past couple of months onRead More… …read more […]

GE is holding a fire sale, and investors are excited by the prospect. …read more […]

Netflix, Salesforce, Spotify and Northrup Grumman are the companies to watch. …read more […]

The slimmed-down company will focus on jet engines, power plants and renewable energy, which GE hopes will reward battered shareholders who have seen the stock lose more than half its value over the past 20 years. “This is really the culmination of 10 years of observations I’ve had about the company,” said Chief Executive Officer John Flannery, a GE veteran who took the helm in August with a mandate to revamp the company. GE said its plan will strengthen its balance sheet by reducing debt, building up cash and further shrinking GE Capital. …read more […]