Exxon Mobil Corp joined a parade of oil companies posting downbeat results as it posted a first-quarter loss after a nearly $3 billion inventory writedown on plunging oil demand and low prices. Oil giants have largely reported losses because of weaker margins and writedowns from an oil glut that has has sent prices to historic lows. Exxon said profit fell in every business apart from chemicals, which benefited from low oil and gas prices....
The vendors tried to sell respirators to officials in Florida, Wisconsin and Indiana at highly inflated prices, 3M said, adding that they were not connected with the company. N95 respirators, which are designed to filter 95% of airborne particles, are among personal protective gears most needed by medical professionals battling the coronavirus outbreak. The company said one case claimed to have up to five billion respirators at inflated prices, falsely affiliating themselves with 3M....
At the beginning of the year, General Electric (NYSE:GE) seemed to be on the upswing. GE stock delivered impressive 2019 returns and new CEO Larry Culp was poised to take the firm to new highs in 2020.Source: Sergey Kohl / Shutterstock.com At the beginning of January, I said GE made for a good bet amid the uncertainty at Boeing (NYSE:BA). At the time, Boeing's MAX jetliner issues were costing the firm, and the stock was wracked with uncertainty. Back then, I believed investors were underestimating GE's ability to make a comeback. GE Stock Can't Climb Unless the Economy Does TooFast forward a few weeks, and the novel coronavirus has changed that view completely. The same fundamental reasons I believe GE stock offered solid value back then are still true today. I believe in Larry Culp's ability to turn the business around.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHe's been...
Berkshire Hathaway CEO Warren Buffett, who will turn 90 years old in August, says he has a successor in mind to someday take over the Nebraska-based company, declaring that the business does not depend on his leadership....
