Trading Ideas
Ford will halt all production of its popular F-Series pickup
With key components about to run out, Ford is pulling the plug on production of its most profitable and popular model, the F-150. …read more […]
Month: May 2018
Trading Ideas
Hennessey Dodge Demon sets hellishly fast quarter-mile time
The Dodge Demon doesn’t strike us as a muscle car much in need of a performance makeover. After all, this 840-horsepower MoPar machine’s voracious quest for straight-line speed means it trims weight by jettisoning everything from a front passenger seat and rear seat, to its stereo and all carpeting in the trunk. The folks at Hennessey apparently think that’s not nearly extreme enough. So, the Texas-based tuning outfit has turned the Demon into a 1,035-horsepower beast that runs a quarter-mile in …read more […]
Business News
China’s ZTE says main business operations cease due to U.S. ban
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but China’s second biggest telecom equipment maker is trying to have the ban modified or reversed, it said on Wednesday.
Trading Ideas
Things are looking bleak as ZTE ceases main business operations
ZTE wasn’t kidding around when it suggested that a U.S. Department of Commerce …read more […]
Business News
Ex-Wall Street law clerk gets 37 months prison in insider case
(Reuters) – A former clerk at the Wall Street law firm Simpson Thacher & Bartlett was sentenced on Wednesday to 37 months in prison for his role in an insider trading ring that passed merger tips on napkins and Post-it notes in New York’s Grand Central Terminal.
Business News
Twenty-First Century Fox revenue beats on gains from affiliate fees
(Reuters) – Rupert Murdoch-controlled Twenty-First Century Fox Inc’s quarterly revenue beat analysts’ estimate on Wednesday as the company received higher fees from cable and satellite distributors.
Business News
Wall Street surges on higher oil after U.S. quits Iran deal
(Reuters) – Wall Street surged on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear agreement with Iran.
Trading Ideas
CenturyLink: 1Q Earnings Snapshot
On a per-share basis, the Monroe, Louisiana-based company said it had profit of 11 cents. Earnings, adjusted for non-recurring costs, came to 25 cents per share. The results exceeded Wall Street expectations. … …read more […]
Business News
Twenty-First Century Fox reports 2 percent drop in revenue
(Reuters) – Twenty-First Century Fox Inc reported on Wednesday a 2 percent drop in quarterly revenue from a year earlier, which was boosted by the Super Bowl that Fox aired last year.
Business News
Oil, energy stocks lift Wall St after U.S. quits Iran deal
NEW YORK (Reuters) – Wall Street rallied on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear deal with Iran.
Business News
Ford chairman says ‘fairly large’ changes in store for automaker
DETROIT (Reuters) – Ford Motor Co shareholders should expect “fairly large” changes in the coming year, Executive Chairman Bill Ford Jr. told Reuters, building on the automaker’s moves to discontinue some North American models and boost electric vehicle investment.
Business News
Sears shares soar on Amazon tie-up; CEO says on ‘right path’
HOFFMAN ESTATES, ILL. (Reuters) – Sears Holdings Corp shares jumped about 17 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again.
Business News
Walmart to pay $16 billion for control of India’s Flipkart, shares slide
NEW YORK/MUMBAI (Reuters) – Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart in its largest-ever deal, an effort to compete with Amazon.com Inc in an important growth market.
Business News
Majority of Sturm Ruger investors vote for gun-safety report
(Reuters) – A majority of Sturm Ruger & Co investors on Wednesday voted to support a call for the gun maker to produce a report on the safety of its products, in what shareholder activists called the first victory for such a proposal.
Business News
Wall Steet rallies on higher oil after U.S. quits Iran deal
(Reuters) – Wall Street rallied on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear deal with Iran.