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Bloomberg | Bloomberg | Getty Images Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Signet Jewelers shares tanked more than 21 percent Thursday morning after the diamond retailer slashed its profit outlook and said holiday sales came …
Read More »Monthly Archives: January 2019
The major bank earnings reports are all in and Morgan Stanley was the biggest loser
Bess Adler | Bloomberg | Getty Images A person enters Morgan Stanley headquarters in New York, on Thursday, July 12, 2018. Banks’ trading desks ended 2018 with a whimper – and nowhere as much as at Morgan Stanley. The New York-based firm had the worst bond-trading performance among the big …
Read More »Google to buy Fossil smartwatch tech for $40 million
Stephen Lam | Reuters Google CEO Sundar Pichai speaks onstage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Fossil is selling $40 million of smartwatch technology to Google, the company announced on Thursday. Shares of Fossil jumped about 8 percent on the news. Fossil …
Read More »Trump stresses threats from China, Russia, Iran in missile defense review
U.S. Air Force photo An unarmed Minuteman III intercontinental ballistic missile launches during an operational test on Feb. 20, 2016, Vandenberg Air Force Base, Calif. President Donald Trump on Thursday unveiled the first overhaul of American missile defense doctrine in nearly a decade at the Pentagon. Known as the missile …
Read More »Sears announces ESL as winning bid in bankruptcy auction
Gregory Bull | AP Edward Lampert speaks during a news conference to announce the merger of Kmart and Sears in New York Wednesday, Nov. 17, 2004. Sears said Thursday that its chairman Eddie Lampert’s hedge fund, ESL Investments, is the winning bidder in the company’s bankruptcy auction. “We are pleased …
Read More »Trump loses support among core voters as the shutdown drags on: Polls
Bridget Bennett | Bloomberg | Getty Images President Donald Trump speaks during a rally in Las Vegas, Nevada, U.S., on Thursday, Sept. 20, 2018. President Donald Trump is hemorrhaging support amid a political standoff over his proposed border wall that has resulted in the longest government shutdown on record, recent …
Read More »Moonves going to arbitration with CBS over $120 million exit package
Patrick T. Fallon | Bloomberg | Getty Images Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp., listens during the annual Milken Institute Global Conference in Beverly Hills , California. Former CBS CEO Leslie Moonves is bringing his case against CBS to binding arbitration, the company said in …
Read More »Electronic Arts draws downgrade amid slowing FIFA game sales
Tony Avelar | Bloomberg | Getty Images An attendee tries out a Electronic Arts video game during the annual Studio Showcase media event at the company’s headquarters in Redwood City, California. Electronics Arts has “a lot to prove” between slowing sales of the latest iteration of best-selling soccer franchise FIFA …
Read More »GE headed lower because GECAS worth less than $40 billion
Luke Sharrett | Bloomberg | Getty Images An employee helps install a traction motor onto the truck of a General Electric Evolution Series Tier 4 diesel locomotive at the GE Manufacturing Solutions facility in Fort Worth, Texas. General Electric may yet sell its valuable aviation financing and leasing business, GE …
Read More »Facebook removes fake accounts and pages tied to Russia Sputnik
Christophe Morin/IP3 | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Facebook has removed hundreds of fake pages and accounts …
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