TOKYO (Reuters) – Barely six months after inaugurating a tiny software-coding boot camp in a basement in Tokyo, Silicon Valley transplant Kani Munidasa stood before some of Japan’s top business leaders in February with a warning: software was threatening their future.
General Electric Co has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index, a new blow to a company that once towered over the American business landscape but is now struggling to retain its standing as an industrial powerhouse. S&P Dow Jones Indices said on Tuesday that GE, an original member of the Dow when it was formed by Charles Dow in 1896 and a continuous member since 1907, will be replaced in the 30-component stock average by drug store chain Walgreens …read more […]
SHANGHAI (Reuters) – Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a U.S.-China trade war drove down bond yields, and share and commodity prices.
(Reuters) – General Electric Co has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index, a new blow to a company that once towered over the American business landscape but is now struggling to retain its standing as an industrial powerhouse.
LOS ANGELES/NEW YORK (Reuters) – FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company’s operating units.
(Reuters) – Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.
(Reuters) – Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.
PayPal announced today that it’s paying $400 million in cash for Hyperwallet, …read more […]
(Reuters) – Oracle Corp’s forecast for current-quarter profit missed analysts’ expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening its fourth-quarter earnings beat that was powered by growth in its cloud business.
A shakeup in the Dow will likely be the top story for investors on Wednesday as the economics and earnings calendar remains somewhat slow. …read more […]
(Reuters) – The Dow Jones Industrial Average is losing General Electric Co , the lone original component of the venerable blue-chip index that debuted in 1896.
(Reuters) – Starbucks Corp on Tuesday said it would close 150 cafes in some saturated U.S. markets and warned comparable sales globally this quarter would miss Wall Street expectations, sending shares down 3 percent after hours.
WASHINGTON/BEIJING (Reuters) – China has underestimated U.S. President Donald Trump’s resolve to impose more tariffs unless it changes its “predatory” trade practices, a White House trade adviser said on Tuesday, as Trump greatly expanded the amount of Chinese imports possibly facing new duties.
(Reuters) – Walgreens Boots Alliance Inc will replace General Electric Co in the Dow Jones Industrial Average from June 26, S&P Dow Jones Indices said https://bit.ly/2K4IoSE on Tuesday.
CNBC’s Jim Cramer discusses the rise and fall of General Electric now that it’s been booted from the Dow Jones index. …read more […]
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