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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 […]

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Monday Apple Rumors: 2018 iPhone Dummy Models Leak

Leading the Apple (NASDAQ:AAPL) rumor mill today is news of possible iPhone dummy models leaking. 2018 iPhone: Two dummy models for iPhone devices have shown up in photos, reports AppleInsider. One thing to note about these dummy models is the single camera on the rear of the 6.1-inch device. …read more […]

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Is The End Near for Under Armour (UAA)?

Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Under Armour’s (UAA) second quarter financial results and dives into the sportswear firm’s future as it spends millions to revamp its business. …read more […]

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U.S. pending home sales rise, supply constraints remain

Contracts to buy previously owned homes unexpectedly rose in June after two straight monthly declines, but the housing market remains hobbled by a dearth of properties available for sale. The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts signed last month, increased 0.9 percent to a reading of 106.9. Pending home sales fell 2.5 percent in June from a year ago. …read more […]

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Manafort Made More Than $60 Million in Ukraine, Mueller Says

Paul Manafort, President Donald Trump’s onetime campaign chairman, earned more than $60 million as a political consultant in Ukraine, U.S. Special Counsel Robert Mueller said on the eve of his criminal trial, providing the first tally of Manafort’s income there. Prosecutors intend to prove that Manafort made that much and “failed to report a significant percentage of it on his tax returns,” according to a filing by Mueller on Monday in federal court in Alexandria, Virginia. Jury selection begins Tuesday in Manafort’s bank- and tax-fraud trial. …read more […]

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CBS board to discuss CEO Moonves investigation on Monday: sources

The allegations come as Moonves is embroiled in a legal battle over control of CBS with the company’s largest shareholder, National Amusements Inc, owned by Shari Redstone and her father Sumner, who also control media company Viacom Inc. CBS said on Friday it would investigate accusations against Moonves, 68, made by six women in a New Yorker magazine article featuring several instances of alleged sexual harassment spanning 1985 to 2006. …read more […]