
Apple (AAPL) CEO Tim Cook on Tuesday had a lot to say about the company's solid second-quarter earnings, but he didn't quite know how to respond when he was asked about President Donald Trump's comments last week. Cook and other Apple executives held a call with investors late Tuesday to go over the second-quarter earnings report. UBS analyst Steven Milunovich asked about Trump's remark that Cook had personally promised to build "three big, beautiful plants" in the U.S. Trump told the Wall Street Journal that he wouldn't consider his administration an "economic success" unless Cook committed to construct facilities on U.S. shores. Milunovich asked Cook whether the factories might be a possibility
Salesforce has made the fourth leadership change in four years to its second-largest business, Service Cloud, as it struggles to meet revenue goals. The company has also effectively shut down a similar product for smaller businesses, Desk.com, according to sources. Bill Patterson, a 14-year Microsoft veteran who was most recently on the Dynamics team, has joined Service Cloud as its senior vice president and product management leader. He reports to Mike Rosenbaum, Salesforce's executive vice president of customer relationship management applications. Last week Patterson updated his LinkedIn profile to acknowledge his new job. MSDynamicsWorld was first to report the move. Service Cloud, a piece
General Electric (GE) completed its acquisition of Baker Hughes (BHGE)--now known as Baker Hughes, a GE Company--last month, Baker's shares have dropped 5% since then. Is it time to give up on the stock? Evercore ISI's James West and team are "taking a stand" on Baker Hughes: We continue to view the tie-up between GE O&G and BHI as one of the most transformative deals to take place in the oil service space in decades. The new entity should be considered an industry powerhouse with a full cycle portfolio of products and services, complementary cultures rooted in technological innovations, and a leading position at the forefront of the digital revolution. GE's midstream and downstream exposure