BusinessAssociated Press•19 hours agoToshiba to pay $3.68 billion for Westinghouse reactors in US
Money-losing Japanese nuclear and electronics company Toshiba Corp. will pay $3.68 billion toward the construction of two reactors in Georgia by its U.S. unit Westinghouse, which has filed for bankruptcy protection. Tokyo-based Toshiba said Saturday the payment, under agreement with the operator of the Vogtle plant, will be made from October through January 2021. Toshiba said the expense has already been figured in its earnings.
- BusinessMarketWatch•yesterday
Bill Gross warns U.S. market risk is at highest since 2008 crisis
As stocks continue their inexorable march deeper into uncharted territory, yet another prominent investor has joined the chorus of experts warning of a catastrophic end to the market’s hot streak. Bill Gross, portfolio manager of the Janus Global Unconstrained Bond Fund, on Wednesday warned that the financial markets are at their most vulnerable since the 2008 financial crisis and investors are paying too high of a price for the risks that they are taking. “Instead of buying low and selling high, you’re buying high and crossing your fingers,” said the bond guru, speaking at the Bloomberg Invest New York conference. He blamed central banks’ loose monetary policies for inflating asset prices without
BusinessThe Street•22 hours agoMcDonald's Is Coming Back From the Dead, and It's Not Because of the $1 Soft Drink
It has been a long haul back from the dead for McDonald's (MCD) , but signs of life on several fronts continue to emerge. Credit Suisse analysts raised their price target on McDonald's by $8 to $157 in a note Thursday, citing "continued momentum," as "SSS [same store sales] among our franchise contacts have accelerated from 1Q17 [first quarter], with each month better than the last." The stock closed Thursday's session at $151; a year ago, it was trading at $123.09. Among the menu offerings that have driven growth are $1 soft drinks and $2 small coffee. Additionally, franchisees told the analysts that improving food quality and operations may now be helping to lift market share. Other upcoming
