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Monthly Archives: October 2018

UBS upgrades GE to buy after market selloff: ‘Larry Culp is key’

YASUYOSHI CHIBA | AFP | Getty Images Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. UBS bumped its rating of General Electric shares to buy from neutral on Wednesday, saying the battered stock is primed for …

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General Motors earnings Q3 2018 

Mary Catherine Wellons | CNBC Mary Barra, CEO, General Motors General Motors is scheduled to report earnings before the bell on Wednesday in a quarter marked by a trade war that’s raised material and other costs across the industry. Here is what Wall Street expects: • Adjusted earnings per share: …

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Ford and Baidu team up to test self-driving vehicles in China

Nelson Ching | Bloomberg | Getty Images Robin Li, chief executive officer of Baidu Inc. Ford and Chinese internet giant Baidu announced a tie-up Wednesday that will see the two firms jointly test self-driving vehicles in China for two years. The initiative will see the two companies collaborate on the …

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Google CEO Sundar Pichai supports employee walk-out in memo

David Paul Morris | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018.  Google CEO Sundar Pichai sent an internal email on Tuesday condoning an employee protest planned for Thursday …

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Samsung third-quarter earnings: strong semiconductor sales

SeongJoon Cho | Bloomberg | Getty Images The Samsung Electronics  logo is displayed in a window at the company’s Seocho office building in Seoul, South Korea. Samsung Electronics on Wednesday said it recorded an operating profit of 17.57 trillion won (about $15.5 billion) for the quarter ending in September. That …

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Major averages’ charts suggest stocks aren’t out of the woods

The stock market is “not out of the woods” despite Tuesday’s positive trading session, CNBC’s Jim Cramer and technician Bob Lang warned investors as stocks pared their monthly losses. Lang, the founder of ExplosiveOptions.net, author of “Know Your Options” and part of the Trifecta Stocks newsletter team at TheStreet.com, said …

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Yellen says a couple more rate increases needed so labor market doesn’t ‘overheat’

Getty Images Federal Reserve Chair Janet Yellen speaks during a news conference December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve is raising the interest rates by a quarter point to 1.5%. Former Federal Reserve Chair Janet Yellen said Tuesday more interest rate hikes are needed in …

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Facebook plans facility in Redmond, Wash., near Microsoft

David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook, holds his phone after the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 13, 2018.  Redmond, Washington, has been the home of Microsoft for decades, …

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Marsha Blackburn leads Phil Bredesen

Tom Williams | CQ-Roll Call Group | Getty Images Chairman Marsha Blackburn, R-Tenn., conducts a House Energy and Commerce Communications and Technology Subcommittee markup in Rayburn Building on June 13, 2018.  Republican Marsha Blackburn has pulled ahead of Democrat Phil Bredesen in the race for Senate in Tennessee, one of …

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Arconic jumps as Apollo reportedly moves toward acquisition

Luke Sharrett | Bloomberg | Getty Images Aluminum coils sit on the floor of the Arconic Inc. manufacturing facility in Alcoa, Tennessee. Arconic shares rose as much as 10 percent in after-hours trading on Tuesday following a report that Apollo Global Management is in advanced talks to acquire the company. …

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