Trading Ideas
Forget GE: This Dividend Stock Is a Better Value
A highly cash-generative business in power products and services offers a favorable investment alternative to the problems at GE. …read more […]
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Business News
Airline boss stirs gender debate with provocative comment
SYDNEY (Reuters) – Promises by the global airline industry to do more to promote gender equality veered off course when one of its top executives suggested his CEO role was too difficult for a woman.
Business News
China launches DRAM chip price probe into Samsung Electronics, SK Hynix and Micron
SEOUL (Reuters) – China has launched a probe into Samsung Electronics Co Ltd , SK Hynix Inc and Micron Technology Inc , the three semiconductor makers who control the market for DRAM memory chips.
Business News
Britain to rule on Rupert Murdoch’s bid for Sky on Tuesday
LONDON (Reuters) – Britain will give its verdict on Rupert Murdoch’s pursuit of Sky later on Tuesday, potentially paving the way for the mogul’s Twenty-First Century Fox to go head-to-head with rival Comcast Corp for the European pay-TV group.
Business News
Tech stocks on a tear as FAANGs and BATTS bite
LONDON (Reuters) – World tech stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street’s flagship S&P 500 index.
Trading Ideas
Tech stocks on a tear as FAANGs and BATTS bite
World tech stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street’s flagship S&P 500 index. MSCI’s global tech index scored the milestone after the FAANGs — Facebook, Apple, Amazon, Netflix and Google — drove the technology-heavy Nasdaq to a new closing high in New York on Monday. …read more […]
Business News
Airlines hope flashier content for travel agents boosts sales
SYDNEY (Reuters) – Airlines are betting that a new system for showcasing their wares on travel agents’ screens will help sell fancier seats, tastier meals, lounge access and flight options – and give profits a lift.
Business News
Saudi Aramco names new head of finance after government reshuffle: sources
DUBAI (Reuters) – Saudi Aramco has named at least five new heads of departments including its finance unit after a government reshuffle last week saw several executives at the oil giant moving to other state posts, industry sources familiar with the matter said.
Business News
Britain takes $2.68 billion loss on RBS share sale
LONDON (Reuters) – Britain has sold some of its holding in Royal Bank of Scotland , the bank which it rescued in the 2008 financial crisis, but has taken a loss of more than 2 billion pounds ($2.68 billion) on the deal.
Business News
Air traffic strikes bigger threat than fuel prices in 2018, IAG says
SYDNEY (Reuters) – Air traffic control strikes are more of a threat to European airlines this year than a rise in fuel prices, the chief executive of British Airways-owner IAG said on Tuesday.
Business News
Sharp to buy Toshiba PC business, issue $1.8 billion in new shares
TOKYO (Reuters) – Japan’s Sharp Corp said it will buy Toshiba Corp’s personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn.
Business News
Australia charges former local heads of Citi, Deutsche, ANZ in cartel case
SYDNEY (Reuters) – Australian authorities have charged the former local bosses of Citigroup Inc and Deutsche Bank AG with “criminal cartel offences” over a $2.3 billion stock issue, one of the country’s biggest cases of alleged white-collar crime.
Business News
Britain to rule on Rupert Murdoch’s bid for Sky
LONDON (Reuters) – The British government will give its verdict on Rupert Murdoch’s pursuit of European pay-TV group Sky later on Tuesday, Sky News said.
Business News
IAG sees air traffic strikes as bigger threat than fuel prices in 2018
SYDNEY (Reuters) – The chief executive of British Airways-owner IAG warned that air traffic control strikes were more of a threat to European airlines in 2018 than a rise in fuel prices.
Business News
Australia charges former local heads of Citi, Deutsche, ANZ for alleged cartel practices
SYDNEY (Reuters) – Australian authorities have charged the former local bosses of Citigroup Inc and Deutsche Bank AG with “criminal cartel offences” over a $2.3 billion stock issue, one of the country’s biggest cases of alleged white-collar crime.