EU News Digest Latest News & Updates
Daniel Acker | Bloomberg | Getty Images An employee inspects damaged area of a composite engine case during repair at the GE Aviation manufacturing facility in Batesville, Mississippi. General Electric’s prized aviation financing and leasing business is “already in liquidation mode” and has weakening earnings that are “masked by gains” …
Read More »Investor asks L Brands to separate Victoria’s Secret, Bath & Body Works: WSJ
Drew Angerer | Getty Images A woman walks past a Victoria’s Secret store in Midtown Manhattan, March 1, 2019 in New York City. An investor in Victoria’s Secret parent L Brands is asking the company to consider splitting fragrance and personal care shop Bath & Body Works from the lingerie …
Read More »Pacioli’s 1494 book on how to succeed in business could fetch $1.5M
Christie’s Images Ltd. 2019 Luca Pacioli’s 1494 book “Summa de Arithmetica” introduced bookkeeping methods used today and is considered to have prefigured many aspects of the modern business world. It is estimated by Christie’s to fetch between $1 million and $1.5 million at auction. In 1494 Luca Pacioli, known as …
Read More »US construction spending unexpectedly falls in December
Mark Elias | Bloomberg | Getty Images A worker carries a Heart Pine plank of lumber in the sawmill at the Goodwin Co. facility in Micanopy, Florida. U.S. construction spending unexpectedly fell in December as investment in both private and public projects dropped, further evidence the economy lost momentum at …
Read More »Instant Pot is merging with the owner of Pyrex
Portland Press Herald | Getty Images An Instant Pot used to cook tacos on Tuesday, January 24, 2018. The maker of the popular Instant Pot is merging with Corelle Brands, the two companies announced Monday. The financial terms of the merger were not disclosed. It is expected to be completed …
Read More »Amazon stock looks cheap if investors look at profit growth
As a growing percentage of Amazon’s business comes from third-party sellers and subscriptions like Prime, investors should prioritize gross profit over year-over-year revenue growth, according to Evercore ISI. Analyst Anthony DiClemente’s said his new, “more nuanced” gross profit model and expectations for significant profit growth buoy his 12-month price target …
Read More »Huawei reportedly preparing to sue US government
Alvin Chan, SOPA Images | LightRocket | Getty Images The logo of Huawei is seen on a smartphone. China’s Huawei is preparing to file a lawsuit in the Eastern District of Texas to sue the United States government for banning federal agencies from using the company’s products, the New York …
Read More »Irish PM sees Brexit extension to June as ‘very likely’
Artur Widak | NurPhoto | Getty Images An Taoiseach and Leader of Fine Gael, Leo Varadkar, arrives at Fine Gael HQ on 5 Oct. 2017, in Dublin, Ireland. Irish Prime Minister Leo Varadkar has told Cabinet colleagues that a delay of Britain’s exit date from the European Union from March …
Read More »Children’s Place to buy Gymboree brand, while Gap snags Janie and Jack
David Paul Morris | Bloomberg | Getty Images Pedestrians walk past a Gymboree store in San Francisco, California. Children’s apparel retailer Gymboree was able to sell its band to rival Children’s Place, while Gap plans to acquire the bankrupt retailer’s high-end children’s clothing line Janie and Jack, a bankruptcy court …
Read More »Deputy Mayor Alicia Glen says New York wants to revive Amazon HQ2 deal
Don Emmert | AFP | Getty Images A view of the waterfront of Long Island City in the Queens borough of New York, along the East River, on November 7, 2018. New York City’s deputy mayor for housing and economic development, Alicia Glen, told CNBC on Friday, her last day …
Read More »