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Alstom, Bombardier shares fall after $6.7 billion rail deal

February 18, 2020 admin Comments Off on Alstom, Bombardier shares fall after $6.7 billion rail deal

PARIS/MONTREAL (Reuters) – Shares of Alstom SA and Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts. The cash and shares deal, announced Monday, will make the combined entity the world’s second-biggest train maker after China’s state-owned CRRC Corp. It is the latest attempt by Western rail firms to try to build scale as they try to compete effectively with CRRC. Bombardier shares were down 8.2% …read more […]

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WMT Stock Price Rising After Walmart Earnings Disappoint

February 18, 2020 admin Comments Off on WMT Stock Price Rising After Walmart Earnings Disappoint

You may want to keep a close watch on the WMT stock price right now. Why? Walmart (NYSE: WMT) announced its 2019 fourth quarter earnings report this week. Let’s just say the holidays weren’t as joyful for the retail giant.
Walmart didn’t meet expectations as sales fell short of analysts’ estimates. In addition, employees are expecting job cuts in the coming weeks.

Keep Watch on WMT Stock
Walmart’s earnings report is a cause for concern in many investors’ minds. However, the company was quick to address the report and its findings.
“Sales leading up to Christmas in our U.S. stores were a little softer …read more […]

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Trump blasts proposed restrictions on China trade, wants China to buy U.S. jet engines

February 18, 2020 admin Comments Off on Trump blasts proposed restrictions on China trade, wants China to buy U.S. jet engines

U.S. President Donald Trump on Tuesday blasted proposed restrictions on trade with China and said national security cannot be used as an “excuse” to make it difficult for foreign countries to buy U.S. products. The series of tweets was an apparent reference to reports over the weekend that the U.S. government is considering whether to block General Electric Co from continuing to supply engines for a new Chinese passenger jet. Washington is also eyeing limits on other components for Chinese commercial aircraft such as flight control systems made by Honeywell International Inc . …read more […]