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Monthly Archives: October 2019

Trader isn’t buying Bed, Bath & Beyond bounce quite yet

Bed, Bath & Beyond is bouncing hard. The stock soared more than 20% on Thursday, its second-best day on record, after the company named former Target executive Mark Tritton as president and CEO come early November. The stock was up more than 3% in Friday’s premarket above Thursday’s closing price …

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Sterling rises following ‘constructive’ Brexit talks

Britain’s Secretary of State for Exiting the European Union Stephen Barclay (L) shakes hands with European Union chief Brexit negotiator Michel Barnier before their meeting at the European Commission headquarters in Brussels, on October 11, 2019. FRANCISCO SECO | AFP | Getty Images Last-ditch talks between the chief Brexit negotiators …

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Renault board ousts Thierry Bollore as CEO, names Clotilde Delbos as interim chief

Thierry Bollore, chief competitive officer of Renault SA, speaks at the IAA Frankfurt Motor Show in Frankfurt, Germany, on Sept. 12, 2017.  Krisztian Bocsi | Bloomberg | Getty Images Renault has named Clotilde Delbos, the french automaker’s current chief financial officer, as its CEO for an interim period. Delbos will …

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Government spending, revenue amid US-China trade war

A man sets up a Malaysian flag outside his shop in Kuala Lumpur. Jimin Lai | AFP | Getty Images Malaysia’s government will outline its spending plans for next year on Friday — and analysts said the country may spend more than it had earlier intended to prop up the …

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SAP CEO Bill McDermott to step down, pre-announces earnings

Bill McDermott Anjali Sundaram | CNBC SAP said on Thursday that Bill McDermott is stepping down as CEO after more than nine years running the German software company. Board members Jennifer Morgan and Christian Klein have been appointed co-CEOs effective immediately, SAP said in a statement. McDermott, 58, will stay …

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SAP CEO Bill McDermott to step down, pre-announces earnings

Bill McDermott Anjali Sundaram | CNBC SAP said on Thursday that Bill McDermott is stepping down as CEO after more than nine years running the German software company. Board members Jennifer Morgan and Christian Klein have been appointed co-CEOs effective immediately, SAP said in a statement. McDermott, 58, will stay …

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Slack says it crossed 12 million daily active users

Slack, under pressure to show growth as its stock price slides, said on Thursday that its number of daily active users jumped 37% from a year earlier. The maker of the popular workplace chat app said that over 12 million people used the product daily in September, up from more …

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Elton John Puts Down in Words How Wonderful (and Weird) Life Has Been

When Elton John was successful enough to buy a plane, he picked a notorious one: a purple and gold flying tour bus reputedly favored by Led Zeppelin for wild parties. As a man who once played before 500,000 people dressed in a Donald Duck costume, he had it repainted to …

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Cisco tumbles on Goldman downgrade, but two traders see a buy

Cisco slid nearly 2% on Thursday, the worst performer in the Dow, after Goldman Sachs turned more cautious on the stock. Analysts at the firm downgraded the tech name to neutral and cut the price target to $48 from $56 on fears trade uncertainty could hurt profitability. Matt Maley, equity …

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CDC says more than two dozen dead from vaping illness as outbreak spreads

A deadly lung illness linked to vaping has taken the lives of more than two dozen people across 21 states as U.S. health officials struggle to identify a precise cause of the outbreak, the Centers for Disease Control and Prevention said Thursday. The number of fatalities jumped from 18 last …

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