EU News Digest Latest News & Updates
Microsoft Microsoft begins demolition of Building 1 on its campus in Redmond, Wash., on Jan. 8, 2019. Microsoft on Tuesday said that it’s begun demolishing buildings as part of a revamp of its headquarters in Redmond, Wash. Amazon, Apple and other technology companies have been expanding geographically. Microsoft, which ceded …
Read More »Investors get dose of government shutdown at J.P. Morgan conference
David A. Grogan | CNBC Scott Gottlieb, Commissioner of the Food and Drug Administration, speaking at the CNBC Healthy Returns Conference in New York on March 28th, 2018. Attendees at the annual J.P. Morgan Healthcare Conference, the industry’s largest annual event, unexpectedly got a taste of the government shutdown Tuesday. …
Read More »Zuckerberg’s New Year’s resolution is to help fix technology
Marlene Awaad | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Facebook CEO Mark Zuckerberg is acknowledging that technology has its limitations. In his annual New Year’s resolution post, Zuckerberg …
Read More »Medtronic CEO pushes back on criticisms it has a ‘spotty record’
Medtronic CEO Omar Ishrak pushed back Tuesday on a Barclays research note that said the U.S. medical device maker took a “step back” following disappointing comments on the company’s outlook from Ishrak at the 2019 J.P. Morgan Healthcare Conference. The medical device maker has “the strongest pipeline that we’ve ever …
Read More »Top weed analyst on Wall Street raises sales forecast, names top picks
Azer expects a “material increase” in revenues at Canopy throughout 2019 as supply challenges are addressed. The analysts sees sales jumping from C$239 million in fiscal 2019 to C$778 million in fiscal 2020, a 225 percent rally. “We remain confident in Canopy’s ability to generate such vibrant sequential growth based …
Read More »Good companies often make bad investments, new study shows
A good reputation, strong competitive advantage and popular brands may not only be hallmarks of any healthy Wall Street company, but also a sign of a poor investment idea, researchers at CFA Institute and Morningstar found. Securities with popular, desirable traits generate lower expected returns, while those with more unpopular, …
Read More »Why Amazon is the most valuable public company
Andrew Harrer | Bloomberg | Getty Images Amazon CEO Jeff Bezos laughs at a discussion at the Air Force Association’s Air, Space and Cyber Conference in National Harbor, Md., Sept. 19, 2018. Now it’s Amazon’s turn at the top. The 24-year-old company surpassed Microsoft as the world’s most valuable public …
Read More »Microsoft, Kroger take on Amazon with futuristic grocery store pilot
Stephen Brashear | Getty Images Microsoft CEO Satya Nadella smiles during the question and answer portion of the Microsoft Annual Shareholders Meeting in Bellevue, Wash., on Nov. 28, 2018. Microsoft and Kroger are taking on Amazon’s cashierless stores with their own futuristic grocery store pilot. The move deepens the partnership …
Read More »Nissan’s executive Munoz takes leave of absence in wake of Ghosn arrest
Tomohiro Ohsumi | Getty Images News | Getty Images Pedestrians walk in front of a monitor showing an image of former Nissan Motor Co. Chairman Carlos Ghosn in a news program on December 10, 2018 in Tokyo, Japan. A senior executive of Nissan Motor, Jose Munoz, has taken a leave of …
Read More »Steve Wynn delays case, claims it violates attorney-client privilege
George Rose | Getty Images The exterior of The Wynn and Encore Hotels & Casinos are viewed on March 2, 2018 in Las Vegas, Nevada. Wynn Resorts has pinned big expectations to its newest property outside Boston. The casino operator sees the June opening as crucial — but its gaming …
Read More »