Category: Trucking News

Do Hedge Funds Love Daktronics, Inc. (DAKT)?

We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]...

Democratic lawmakers question FAA decisions on Boeing safety issues

The issues involve the 737 MAX rudder cable and lightning protection for fuel tanks on the 787 Dreamliner. Representative Peter DeFazio, who chairs the House of Representatives Transportation and Infrastructure Committee, and Representative Rick Larsen, who chairs the aviation subcommittee, said in a letter to FAA Administrator Steve Dickson that FAA management ultimately overruled the technical specialists after Boeing objected....

Now the Gap Can Finally Move On

(Bloomberg Opinion) -- An overdue change is coming to Gap Inc.The retailer announced Thursday that CEO Art Peck, who has led the company (which also includes Banana Republic and Old Navy) since 2015, will step down. The company’s chairman, Robert J. Fisher, will serve as interim CEO while the board hunts for a successor.Under Peck’s tenure, the clothing retail empire never found its stride. The namesake chain has struggled with merchandising issues, from ill-fitting garments to unfashionable looks to the wrong mix of tops and bottoms in its stores. Banana Republic erred by veering too trendy instead of sticking with the sleek, classic professional attire its customer sought. Both brands have gotten stuck in a spiral of near-constant discounting, relying on “40% off” promotions to carry the business when the fashion itself wasn’t enough to get people in the door.Old Navy, which for many years was the rare bright spot of...