EU News Digest Latest News & Updates
Leonard Ortiz | Digital First Media | Getty Images Jeff Bezos, founder and CEO of Amazon, speaks to a group of Amazon employees that are veterans during an Amazon Veterans Day celebration on Monday, November 12, 2018. Amazon held 11th hour meetings with New York and trade union officials before …
Read More »Credit Suisse downgrades General Dynamics: ‘Well behind defense peers’
Luke Sharrett | Bloomberg | Getty Images The USS Truxtun (DDG-103) destroyer sits in dry dock at the General Dynamics Corp. NASSCO shipyard facility on the Elizabeth River in Norfolk, Virginia, U.S., on Tuesday, Jan. 9, 2018. Credit Suisse downgraded General Dynamics shares to neutral from outperform on Friday, saying …
Read More »Travelers are paying more to fly to Mexico and the Caribbean this year
Philipp Laage | picture alliance | Getty Images An airplane flying just above beachgoers in Maho Beach as it approaches the landing strip in St. Maarten, 30 March 2016. Adios, polar vortex. Hola, Cancun. Travelers eager to ditch the below-freezing temperatures that paralyzed a large part of the U.S. last …
Read More »New York will lose most of the 25,000 jobs promised by Amazon HQ2
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. Most of the 25,000 jobs that were supposed to come to Amazon’s HQ2 in New York City will now …
Read More »Ford CFO Shanks will retire, sources says
Jeff Kowalsky | Bloomberg | Getty Images Bob Shanks, chief financial officer of Ford Motor Co. Ford CFO Bob Shanks plans to retire in 2019, sources familiar with the matter told CNBC on Thursday. Breaking: $ FCFO Bob Shanks beginning process of planning retirement according to sources. Shanks is expected …
Read More »Holiday sales were a huge disappointment, retail report says
Kamil Krzaczynski | Reuters Shoppers leave a Walmart store in Chicago, November 20, 2018. Shoppers didn’t spend as much as expected this past holiday season. Holiday sales were up just 2.9 percent in 2018, the National Retail Federation said on Thursday, on the heels of the Commerce Department announcing retail …
Read More »Google replaces Amazon as Citi’s top pick for US internet companies
Stephen Lam | Reuters Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google parent company Alphabet is now Citi’s top pick for U.S. internet companies, knocking Amazon out of the top spot. In a note published early …
Read More »Canada Goose shares jump following strong third-quarter report
Chris So | Toronto Star | Getty Images Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Shares of Canada Goose jumped more than 3 percent in premarket trading after the winter clothing manufacturer reported earnings that beat Wall Street’s expectations. The Toronto-based company reported third-quarter …
Read More »Yelp downgraded by Citi after disappointing 2019 forecast
Michael Nagle | Bloomberg | Getty Images Yelp Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York. Citi Research downgraded its rating on Yelp shares to neutral from buy, saying the company’s recent 2019 earnings forecasts were “disappointing.” “The …
Read More »Investor Tom Barrack apologizes after defending Saudi over Khashoggi
Lucy Nicholson | Reuters Thomas Barrack, Executive Chairman, Colony Northstar, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, May 1, 2018. Tom Barrack, American private equity investor and chairman of Colony Capital, issued an apology after saying the U.S. had committed “equal or worse” atrocities than …
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