General Electric does not have plans to cut its dividend in 2019, people familiar with the situation told CNBC’s David Faber on Thursday. CEO John Flannery told analysts at a industry conference in Florida on Wednesday that GE will “have to see how” the company’s turnaround plan “play outs” before …
Read More »
General Electric stock dropped more than 7 percent in trading Wednesday after the company revealed it expects no profit growth this year in its already stagnant power business. CEO John Flannery revealed in a presentation that he believes the market for GE’s large gas powered turbines will remain weak through …
Read More »
Jim Spellman | WireImage | Getty Images Marvin Ellison, JC Penney’s CEO Lowe’s Companies is poaching J.C. Penney Company CEO Marvin R. Ellison. The home improvement retailer announced Tuesday it is naming Ellison president and CEO, effective July 2. Ellison will take over for Robert A. Niblock, who previously announced …
Read More »
Johannes Eisele | AFP | Getty Images The ZTE logo is seen on an office building in Shanghai on May 3, 2018. In exchange for Trump’s removal of the ban, ZTE will make major changes in management, board seats and potentially pay fines, according to the Journal. Details of the …
Read More »
Salwan Georges | The Washington Post | Getty Images Tesla’s new Model 3 car on display is seen on Friday, January 26, 2018, at the Tesla store in Washington, D.C. Tesla’s Model 3 sedan fell short of a recommendation from Consumer Reports on Monday. The vehicle has many attributes that …
Read More »
Justin Sullivan | Getty Images Brian Roberts, CEO of Comcast Britain’s government says it does not intend to refer U.S. media conglomerate Comcast’s 22 billion pound ($30.7 billion) takeover offer for London-based Sky to competition authorities, saying the proposed merger doesn’t raise concerns on public interest grounds. Culture Secretary Matt …
Read More »
Toby Melville | Reuters Britain’s Prince Harry poses with Meghan Markle in the Sunken Garden of Kensington Palace, London, Britain, November 27, 2017. It seems as if everyone wants to know what Meghan Markle is wearing. The 36-year-old American actress, who’s set to marry Britian’s Prince Harry on Saturday, has …
Read More »
Godong | UIG | Getty Images A woman using the Grab app on an Apple iPhone in Ho Chi Minh City, Vietnam. Vietnam’s Ministry of Industry and Trade on Friday officially launched an investigation into the takeover of Uber Technologies’ Southeast Asia business by rival Grab, the ministry said. The …
Read More »
Horacio Villalobos | Corbis | Getty Images Jeff Holden CPO, Uber, speaks on ‘Uber’s flying cars’ during the third day of Web Summit in Altice Arena on November 08, 2017 in Lisbon, Portugal. Uber Technologies Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters …
Read More »
Aaron P. Bernstein | Reuters Wells Fargo & Company CEO and President Tim Sloan testifies before the Senate Banking Committee on Capitol Hill in Washington, October 3, 2017. Wells Fargo employees improperly altered or added information on documents related to corporate customers last year and early this year as it …
Read More »
EU News Digest Latest News & Updates