BusinessThe Street•2 hours agoWalmart Is Preparing Its Employees For the Day When Robots Take Over
Walmart Store Inc.'s (WMT) store of the future may appear to be scarily devoid of employees. In reality, humans will still work there, but expect to see more robots. In addition to Walmart starting to use 16-foot automated towers to distribute online orders, scan-and-go technology to replace cashiers and digital screens to answer customers' questions, it may eventually deploy robots to handle inventory. "One thing is for sure, employees will be in different roles," Greg Foran, president and CEO of Walmart, said in response to a question posed by TheStreet on Thursday, Aug. 17 during a media call. "Do I want to have a situation where in every Supercenter I've got a team of associates out in the
- BusinessCNBC.com•7 hours ago
GE shares are doing something unusual and very disappointing
Can beaten-down shares of GE make a reversal? 21 Hours Ago | 02:47 Even as the Dow Jones industrial average trades around all-time high levels, General Electric's stock is suffering a miserable 2017. In the midst of this historically notable underperformance, some portfolio managers see further downside ahead for the industrial giant, and are advising investors to stay away. GE shares have sunk 21 percent so far this year, while the Dow has risen more than 11 percent. This 32 percentage point lag for the Dow component company is the largest seen in at least the past 45 years, according to a CNBC analysis of FactSet data. A high concentration of GE's revenue comes from oil and gas, and energy
- BusinessThe Street•15 hours ago
This Activist Investor Just Tried to Stick It to Billionaire Warren Buffett
According to the Journal report, Elliott Management, a hedge fund, has bought a portion of debt sufficient to allow it to block Buffett's Berkshire Hathaway's (BRK.A) (BRK.B) plan to purchase Energy Future Holdings Corp. for $9 billion -- a deal that would give Berkshire Hathaway possession of Oncor, one of the biggest electricity transmission companies in the U.S. Berkshire Hathaway Energy, a division of Berkshire Hathaway, confirmed in early July that it planned to buy Oncor in a deal that valued the bankrupt unit's equity at $11.25 billion. The terms of that deal have Berkshire Hathaway Energy paying $9 billion in cash to Energy Future Holdings Corp., which Buffett invested in, via a corporate bond, back in 2013, resulting in one of the Sage of Omaha's rare losses. Representatives from Elliott Management and Berkshire Hathaway could not be reached for comment on the Journal report late Wednesday.
