- MarketWatch•3 hours ago
GE CEO warns investors who bet against company’s resolve ‘do so at their own peril’
CEO Flannery: ‘Many people have lost faith in us. Investors may be listening. GE shares (GE) had tumbled as much as 3.7% early Monday, touching the lowest level since July 6, 2010, before bouncing back to a gain of 1.1%.
The Street•3 hours agoOne Chart That Will Leave General Electric Investors Shaking Their Head
At this pace, money-losing Tesla (TSLA) will be worth more than 126-year old industrial powerhouse (one-time?) General Electric (GE) . GE shares continue to fall out of favor with investors as it struggles with a host of issues. From a recent cut to its dividend to a material earnings restatement for 2016 and 2017, with each passing day it seems GE's once beloved stock hits new lows. Shares have plunged 52% over the past year, and now hover around $14. Not even GE's 3.3% dividend yield is attracting investors who are perpetually on the search for yield in this low interest rate environment. GE's market cap at last glance: $127 billion. Then there is Tesla, a budding industrial powerhouse. Despite
- MarketWatch•2 days ago
Should I sell my $565,000 duplex and invest the money — or continue to collect rent?
A real estate agent has suggested selling it for $565,000, as a duplex, or converting it to condominiums and selling each for $300,000. “That will defer federal capital gain taxes due on the sale of the property, continue to receive monthly/quarterly income and eliminate any requirement to manage the property,” he said.
- Bloomberg•21 hours ago
FedEx Says It Will Keep NRA Discounts Despite Calls for Boycott
FedEx Corp. is maintaining discounts for members of the National Rifle Association, even as calls for a boycott mount on social media after a deadly school shooting in Florida. The courier said it “has never set or changed rates for any of our millions of customers around the world in response to their politics, beliefs or positions on issues.” The NRA is one of hundreds of organizations in its alliance programs, FedEx said Monday in its first public comment on the matter. Since Sunday, the #BoycottFedEx hashtag has been included in more than 700 posts on Twitter, including one by Marjory Stoneman Douglas high school student David Hogg that has been shared more than 13,000 times.
Reuters•17 hours agoThe Weinstein Company says it will file for bankruptcy
Filing for bankruptcy protection creates more uncertainty about how women who allege they are victims of Weinstein could be compensated. The scuppered deal had a provision for a victims' fund, but in bankruptcy the women may now be treated as unsecured creditors that can recoup only pennies on the dollar for their claims. The Weinstein Company had been close to inking an agreement this month to be taken over by investors led by former Obama administration official Maria Contreras-Sweet for more than $500 million, but a lawsuit filed by New York's Attorney General Eric Schneiderman on Feb. 11 complicated the negotiations.
Business Insider•17 hours agoMarc Benioff's right-hand man could make another $200,000 after Salesforce finally lets its top execs get raises again (CRM)
A year after Salesforce cut CEO Marc Benioff's total pay and froze other top executives' pay to appease shareholder complaints, the company has decided to loosen its purse strings. While Benioff isn't getting a salary bump, several of his top officers are getting raises which impact their salaries and their bonuses. A year ago, Salesforce made headlines when it gave its flamboyant founder, CEO Marc Benioff, a 60% pay cut and froze his salary and cash bonus in response to investor concerns that its executive pay and perks were excessive.
- InvestorPlace•20 hours ago
Why You Should Avoid Advanced Micro Devices, Inc. Stock
In 2016, Advanced Micro Devices, Inc. (NASDAQ:AMD) was all the rage on Wall Street. Going from $2 to $11, Advanced Micro Devices stock was the second-best performer on the S&P 500 that year. Fast forward 14 months, and AMD still trades at $11. That, in
- CNBC Videos•15 hours ago
Cramer's favorite market indicator is signaling a potenti...
Jim Cramer returns to "Mad Money" with a fresh take on the stock market supported by one of his trustiest indicators.
- Zacks•yesterday
Hewlett Packard (HPE) Soars: Stock Adds 10.5% in Session
Hewlett Packard Enterprise Company HPE was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply
- InvestorPlace•19 hours ago
Walmart Inc Stock Has Become a “Watch Out Below!” Situation
If you read my work, you know that I’ve been pounding on the table about a correction in Walmart Inc (NYSE:WMT) stock for some time. Walmart stock dropped more than 10% after the company reported a fourth quarter earnings dud. Walmart stock has yet to recover.
- Business Insider•2 days ago
Silicon Valley is so expensive that even Facebook and Apple employees can't afford to live near the office
Silicon Valley's housing crisis is serious. A new report from Open Listings reveals that workers at five major tech companies, including Apple, Facebook, and Google, would have to spend over 28% of their salary to pay a monthly mortgage on a home near work. Software engineers at Apple have it worst.
- Bloomberg Video•19 hours ago
Why Oil Prices May Be Headed Below $50
Feb.26 -- Michael O'Rourke, JonesTrading chief market strategist, takes a look at crude oil prices and production with Abigail Doolittle on "Bloomberg Markets."
InvestorPlace•20 hours agoIs Micron Technology, Inc. Heading for a Roadblock or a Breakout?
For those who have been bullish on Micron Technology, Inc. (NASDAQ:MU), Friday felt great. After a strong recovery from its deep losses in early February, Micron stock ended last week with an explosive 5.2% rally. Will the MU stock price run out of steam — again — or push to new highs?
- CNBC.com•yesterday
Bitcoin spikes $900 higher
Bitcoin jumped back above $10,000 Monday morning amid broad gains in the cryptocurrency market. The largest cryptocurrency spiked in late morning trading to near $10,300. That marked a gain of more than $900, or about 10 percent, over 24 hours on Coinbase, the leading U.S. marketplace for major cryptocurrencies. Bitcoin was trading off those highs near $10,175 as of 11:54 a.m. ET. There was no obvious reason for the gains. Other major cryptocurrencies traded slightly higher, with ethereum up about 4 percent near $863 on Coinbase. Bitcoin 24-hour performance Source: Coinbase Around the time of the spike, cross-border currency exchange company Circle did announce that it is acquiring Poloniex,
- The Fiscal Times•16 hours ago
Trump’s Skimpy Insurance Will Make Obamacare More Expensive: Analysis
Obamacare premiums will rise and coverage levels will fall if the Trump administration’s plan to expand the use of cheaper and less comprehensive insurance policies is enacted, according to a new analysis from the Urban Institute. Last week, Health and Human Services Secretary Alex Azar announced that the administration intends to change the rules governing short-term, limited-duration insurance plans, making them available for 364-day terms, up from three months under the current guidelines. The plans are intended to provide health insurance for people who have temporary gaps in coverage and are typically less expensive than plans available through the Obamacare markets, in large part because they do not have to provide the 10 essential benefits defined by the Affordable Care Act.
- Investopedia•yesterday
The Top 4 General Electric Shareholders (GE)
General Electric Company (NYSE: GE) ranked 31 on the Fortune 500 list for 2017. General Electric had a market capitalization of $123.58 billion (as of February 26, 2017), and is one of America’s most familiar brands. The company produces products ranging
- CNBC.com•18 hours ago
Gun maker stocks are trading like something is different after Florida massacre
Gun makers are again the center of a national debate over how to put an end to mass shootings, and their stocks are trading like things are different this time. Several major U.S. companies have dropped their associations with the National Rifle Association in the last few days, less than two weeks after a 19 year old with a semi-automatic rifle killed 17 people in a high school in Florida. Student protests and calls for action have stayed in the headlines, and politicians are under pressure to enact new gun safety rules. As with deadly shootings in the past, some of the focus has been on the companies that make the weapons and ammunition and the people and companies that own them. Shareholder
- CNBC.com•21 hours ago
Microsoft CEO: Office 365 growth opportunity 'a lot bigger than anything we've achieved'
Microsoft CEO Satya Nadella on Monday suggested that Microsoft could grow more from its Office 365 line of cloud productivity apps than anything in the company's 43-year history. With business editions of Office 365, Microsoft faces competition from Google, as well as younger players like Box and Dropbox, in the race to get companies collaborating in apps running on remote cloud servers. "The growth opportunity for what is Office 365 is a lot bigger than anything we've achieved, even with our high penetration in the client-server world," Nadella said at the Morgan Stanley Technology Media and Telecom conference in San Francisco. When companies transition from Microsoft's traditional licensing
Reuters•18 hours agoBofA to open 500 new U.S. branches in four years
The Charlotte, North Carolina-based lender said the latest push includes a move into three Ohio cities - Cincinnati, Cleveland and Columbus. With the addition of those four cities and the three Ohio cities, the bank will have branches in 30 top urban markets which generate 88 percent of U.S. gross domestic product and have a similar share of U.S. population, Dean Athanasia, co-head of consumer and business banking at the bank, said in an interview. The moves point more head-to-head competition between the three biggest U.S. banks for loan and deposit business of individuals and small businesses.
Reuters•2 days agoGeneral Electric to restate two years of earnings
The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in reported earnings per share for 2016 and a cut of 16 cents per share for 2017, according to the company's 10-K filing. GE is adopting the new accounting standards as the Securities and Exchange Commission investigates the company over its accounting for long-term service contracts. The changes also come as the company struggles to reverse steep declines in some of its businesses and is looking to sell off $20 billion of assets.
- Zacks•yesterday
Factors Setting the Tone for J. C. Penney (JCP) Q4 Earnings
J. C. Penney Company, Inc. JCP is slated to release fourth-quarter fiscal 2017 results on Mar 2.In the previous quarter, the company reported better-than-expected earnings. Also, it surpassed the Zacks Consensus Estimate in the trailing three out of four
Associated Press•16 hours agoAppeals court says FTC can police telecommunications cos.
A U.S. appeals court says the Federal Trade Commission can police telecommunications companies like AT&T — a ruling that's important because another agency is dropping its oversight with repeal of "net neutrality" rules governing customer access to apps and websites. The case is over claims that AT&T misled smartphone customers in offering unlimited data plans, but slowing speeds for heavy users. By law, only the Federal Communications Commission can take action against a common carrier — a provider of essential services such as landline or mobile voice service.
- CNBC.com•yesterday
Warren Buffett: I don't think Berkshire should avoid doing business with people who own guns
Buffett: I've not given a directive on gun-maker stocks 1 Hour Ago | 03:39 Business leaders should be careful not to impose their personal views on their organizations, billionaire investor Warren Buffett told CNBC on Monday as companies sought to distance themselves from the National Rifle Association after the mass shooting at a high school in Flordia. "I don't believe in imposing my views on 370,000 employees and a million shareholders. I'm not their nanny on that," the chairman and CEO of Berkshire Hathaway told "Squawk Box." Still, Buffett, who supported Democrat Hillary Clinton during the 2016 election, said he doesn't think leaders should put all of their views aside at the door. "People
- Zacks•yesterday
Why Is 3M Company (MMM) Down 6.1% Since its Last Earnings Report?
A month has gone by since the last earnings report for 3M Company MMM. Before we dive into how investors and analysts have reacted of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Driven by broad-based organic growth across all segments and geographies, 3M reported strong fourth-quarter 2017 results with healthy year-over-year increase in adjusted earnings and revenues.
Reuters•18 hours agoGE names accounting, turnaround experts to board
The Boston-based multinational said on Friday it was facing potential legal action by the U.S. Department of Justice in connection with subprime mortgages. The naming of Thomas Horton and Lawrence Culp Jr. - top executives known for turning around American Airlines and Danaher Corp - was warmly greeted by investors, helping GE shares recover from an initial battering to rise 1.3 percent. "The GE Board nominations are a solid start in a necessary cultural transformation, in our view, and we hold Larry Culp, former CEO of Danaher, in high regard," JP Morgan analyst Stephen Tusa said.
