LONDON (Reuters) – Uber was granted a new, shorter, license to operate in London on Tuesday after a judge said it had made the changes required to be deemed fit and proper, after its earlier application was denied last year.
(Reuters) – U.S. stocks edged higher on Tuesday, with General Electric and technology stocks helping Wall Street recoup some losses from a day earlier on escalating global trade tensions.
(Reuters) – General Electric Co said on Tuesday it will spin off its healthcare business and divest its stake in oil-services firm Baker Hughes, effectively breaking up the 126-year-old conglomerate which was once the most valuable U.S. corporation and a global symbol of American business power.
WASHINGTON (Reuters) – U.S consumer confidence ebbed in June, with households a bit pessimistic about their short-term income prospects, potentially signaling a slowdown in economic activity later this year.
Netflix, Salesforce, Spotify and Northrup Grumman are the companies to watch. …read more […]
The slimmed-down company will focus on jet engines, power plants and renewable energy, which GE hopes will reward battered shareholders who have seen the stock lose more than half its value over the past 20 years. “This is really the culmination of 10 years of observations I’ve had about the company,” said Chief Executive Officer John Flannery, a GE veteran who took the helm in August with a mandate to revamp the company. GE said its plan will strengthen its balance sheet by reducing debt, building up cash and further shrinking GE Capital. …read more […]
NEW YORK (Reuters) – A credit ratings analyst for Standard & Poor’s and two other defendants were criminally charged by U.S. prosecutors on Tuesday with insider trading related to Sherwin-Williams Co’s $9.3 billion purchase of Valspar Corp.
GE CEO: This is the end of the blue chip’s overhaul — ‘We are finished’|| 105294811 …read more […]
Jun.26 — President Donald Trump turned his attention to Harley-Davidson’s decision to move some production overseas to avoid European Union tariffs while his administration offers conflicting messages on trade plans. Bloomberg’s Kevin Cirilli reports on “Bloomberg Markets: The Open.” …read more […]
CANNES, France (Reuters) – Paid to have their finger on the consumer’s pulse, the Mad Men of advertising are under mounting pressure from clients to adapt to a fast-changing digital age where simply shifting marketing dollars online from old media no longer cuts it as a strategy.
Tandem Diabetes Care Inc. bulls still see upside for the insulin pump maker, even after shares increased ten-fold so far this year. Sell-side analysts rushed to boost their price targets for one of the Russell 2000 Index’s best performers in the wake of last week’s Food and Drug Administration approval of a technology for the company’s insulin pump. Piper Jaffray analyst JP McKim called the approval a “game changer” that will help attract patients and give them reason to upgrade to newer pumps. …read more […]
WASHINGTON (Reuters) – The administration of President Donald Trump wants to help allies and trade partners replicate the U.S. natural gas and oil production boom by exporting American know-how, U.S. Energy Secretary Rick Perry said on Tuesday, even as trade disputes intensified.
Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after Walmart officially replaces General Electric in the Dow Jones Industrial Index.
Here’s the performance of the Dow Jones Industrial Average components (plus GE) as of 10:30 am ET:
GE General Electric Co 6.67%
V Visa Inc 1.96%
CSCO Cisco Systems 1.49%
AAPL Apple Inc 1.32%
MSFT Microsoft Corp 1.19%
BA Boeing Co 0.73%
MCD McDonald’s Corp 0.64%
XOM Exxon Mobil 0.54%
NKE Nike Inc Cl B 0.53%
MMM 3M Co 0.45%
PFE Pfizer Inc 0.47%
DWDP DowDuPont Inc 0.39%
UTX United Technologies 0.37%
HD Home Depot Inc 0.32%
AXP American Express Co 0.30%
$INDU Dow Jones Industrial Average 0.23%
CVX Chevron Corporation 0.15%
UNH UnitedHealth Grp Inc 0.12%
DIS Disney (Walt) Co 0.06%
GS Goldman Sachs Grp -0.05%
KO Coca-Cola Co 0.00%
PG Procter & Gamble Cc -0.08%
VZ Verizon Communications -0.09%
IBM Intl Business Machines Corp -0.11%
CAT Caterpillar Inc -0.46%
MRK Merck & Co -0.41%
JNJ Johnson & Johnson -0.43%
TRV The Travelers Companies Inc -0.50%
WMT Wal-Mart Stores -0.52%
JPM JPMorgan Chase & Co -0.75%
INTC Intel Corp -1.42% …read more […]
(Reuters) – U.S. stocks rose on Tuesday, with gains for General Electric and technology stocks helping Wall Street recoup some losses from a day earlier on escalating global trade tensions.
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday charged three people with insider trading ahead of Sherwin-Williams Co’s March 2016 announcement that it had agreed to buy Valspar Corp.
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