Recent Posts

GE removes Flannery as CEO, takes $23 billion charge for power

General Electric abruptly removed John Flannery as chairman and CEO on Monday and installed Lawrence Culp as his successor. At the same time, GE said it will take a $23 billion non-cash charge for its struggling power business. The industrial conglomerate said it “will fall short of previously indicated guidance …

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Tesla shares surge over 15 percent after SEC settlement 

David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors Tesla shares were up over 15 percent in pre-market trade on Monday after Chief Executive Elon Musk settled charges with the Securities and Exchange Commission (SEC). The SEC charged Tesla with fraud …

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Six months before Brexit, the UK government is attacking the EU  

Jeff J Mitchell | Getty Images News | Getty Images BIRMINGHAM, ENGLAND – SEPTEMBER 30: British Prime Minister Theresa May applauds as she sits in the audience during the annual Conservative Party Conference on September 30, 2018 in Birmingham, England.  Liam Fox, Trade secretary and an outspoken Brexit supporter, told …

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