• GE CEO Jeff Immelt Stepping Down
GE CEO Jeff Immelt Stepping Down

That led to an unusual disclosure in March in which GE said it had, in conjunction with Trian, pledged to lower annual spending by $2 billion in the next two years and tie executive bonuses to the effort. Flannery, named the next CEO of GE on Monday , will spend the next few months meeting with investors, customers, and employees, and reviewing "a...

Read more

  • Jeff Immelt to retire as GE CEO, Flannery to succeed
Jeff Immelt to retire as GE CEO, Flannery to succeed

In his view, Flannery's prior experience leading GE's business development team, which seeks out M&A deals, would make him "readily adept at maximizing value and structuring potential exits" - as Flannery did through the 2015 acquisition of Alstom's power and grid business.

Read more

  • Thai police raid 'click farm,' find 347200 SIM cards
Thai police raid 'click farm,' find 347200 SIM cards

Two Chinese in the room were arrested. Wang Dong, Niu Bang, and Ni Wenjin are said to have had metal racks set up in the house with hundreds of 5S, 5C, and 4S iPhones wired to computer monitors. He said the three reportedly confessed that they were hired to falsify the popularity of certain WeChat pages selling products in China by boosting socia...

Read more

  • United Kingdom competition watchdog warns Heineken and Punch over pub merger
United Kingdom competition watchdog warns Heineken and Punch over pub merger

Heineken must now offer proposals to address these concerns by June 20 or face an in-depth investigation into the merger, the United Kingdom regulator said in a statement on its website. The Punch Tenant Network, which represents the United Kingdom firm's publicans, criticised the deal saying it will reduce beer and cider options for customers.

Read more

  • Merkel: EU ready for Brexit negotiations - KBZK.com | Continuous News | Bozeman, Montana
Merkel: EU ready for Brexit negotiations - KBZK.com | Continuous News | Bozeman, Montana

So what are the scenarios that may unfold over the coming months? Michel Barnier, the EU's chief Brexit negotiator, indicated on Twitter that the European Union was prepared to show some patience, making it clear that talks should not begin until the political situation had settled in the UK.

Read more

  • Terror attacks dent visitor numbers at London sights
Terror attacks dent visitor numbers at London sights

Merlin said a number of its United Kingdom theme Parks have been "adversely affected in recent weeks by the terror attacks and subsequent heightened security measures". He said: "What is clear, however, is that London has bounced back before, and will do again. London is very much open for business, welcoming visitors from the United Kingdom an...

Read more

  • Texas Instruments (TXN) Getting Somewhat Favorable Press Coverage, AlphaOne Reports
Texas Instruments (TXN) Getting Somewhat Favorable Press Coverage, AlphaOne Reports

The stock has a market cap of $80.75 billion, a PE ratio of 21.57 and a beta of 1.16. BlackRock Inc. raised its stake in shares of Texas Instruments by 1,924.6% in the first quarter. The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Capital Analysts LLC now owns 1,702 shares of the semiconductor company's...

Read more

  • Are Analysts Bullish about LHC Group, Inc. (NASDAQ:LHCG) after last week?
Are Analysts Bullish about LHC Group, Inc. (NASDAQ:LHCG) after last week?

Using a broader approach, shares have been trading 19.26% off of the 200-day moving average. It has underperformed by 42.81% the S&P500. Also, Director Coliseum Capital Management, L sold 162,524 shares of LHC Group stock in a transaction on Wednesday, June 7th.

Read more

  • Qatar navigates blockade by implementing new Oman route
Qatar navigates blockade by implementing new Oman route

In a post on Twitter Monday, the small budget airline says it welcomes applications from Saudi nationals working for Qatar Airways on the Airbus A320. After the untoward decision by Muslim countries, global powers were wondering whether Pakistan would side with Saudi Arabia or take a different turn.

Read more

  • Empire Life Investments Inc. Reduces Position in Valero Energy Corporation (VLO)
Empire Life Investments Inc. Reduces Position in Valero Energy Corporation (VLO)

NEXT Financial Group Inc now owns 36,984 shares of the oil and gas company's stock worth $1,960,000 after buying an additional 26,566 shares during the period. The stock of Allied World Assurance Company Hldgs Ltd (NYSE:AWH) has "Neutral" rating given on Friday, January 6 by JP Morgan. The company was downgraded on Tuesday, January 17 by Citigroup.

Read more

  • Dozens die in Manila casino attack
Dozens die in Manila casino attack

The statement, according to CNN , said "Islamic State fighters" carried out the attack. IS claimed credit for the attack, according to the SITE Intelligence Group, which cited a militant claiming that "lone wolf soldiers" had undertaken out the attack.

Read more

  • Uber's Board Is Considering Major Changes to Its Executive Team
Uber's Board Is Considering Major Changes to Its Executive Team

The exact extent of new management oversights and company policy changes that Covington & Burling recommended is still unclear, but the thereof are said to significantly limit the autonomy of Kalanick and other top executives at the company in an effort to improve its operations and public standing.

Read more

  • Theresa May names new UK Cabinet as critics circle
Theresa May names new UK Cabinet as critics circle

After all, May had cleverly called the election at a moment when it could not be about Brexit: one month after invoking Article 50 of the Treaty of Lisbon, thereby officially initiating the United Kingdom's withdrawal from the European Union .

Read more

  • GE CEO Immelt stepping down, Flannery to take over role
GE CEO Immelt stepping down, Flannery to take over role

Current CEO Jeff Immelt would remain chairman of the board through December 31, according to the statement . Shares of General Electric Co . climbed more than 2 percent in premarket trading. Flannery, 55, will become CEO on August 1 and will add the title of chairman on January 1, the Boston-based company said in a statement Monday. The CEO-d...

Read more

  • Deutsche Bank's wealth management arm to hire 100 client managers
Deutsche Bank's wealth management arm to hire 100 client managers

The company's stock had a trading volume of 65,556 shares. Raymond James Financial Services Advisors Inc. now owns 26,066 shares of the bank's stock worth $472,000 after buying an additional 4,792 shares during the period. Stockholders of record on Thursday, May 18th were issued a $0.2024 dividend. The first value is calculated by adding the divi...

Read more

  • United Kingdom election: Theresa May clings on, appoints new ministers
United Kingdom election: Theresa May clings on, appoints new ministers

That might be the European Union trying to get a jaded May around the table to give them a better deal, or a sign that they need to negotiate with a leader who has the backing of their domestic parliament . Even if the Conservatives won all the remaining seats, the party would fall short of the 326 needed for an outright majority. Barnier tweet...

Read more

  • Rite Aid Corp (Put) (RAD) Stake Held by Equitec Proprietary Markets Llc
Rite Aid Corp (Put) (RAD) Stake Held by Equitec Proprietary Markets Llc

If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & global copyright and trademark law. Investors sentiment decreased to 1.1 in 2016 Q4. Its up 0.08, from 1.05 in 2016Q3. 21 funds opened positions while 72 raised stakes. Howe And Rusling stated it has 925 shares.

Read more

  • What Does UK Hung Parliament Mean for Europe ETFs?
What Does UK Hung Parliament Mean for Europe ETFs?

The voting was held Thursday. The party's leader, Arlene Foster, slammed Corbyn and said ahead of the election, "He hasn't condemned IRA for the violence they visited upon people in everyday lives". The DUP's deputy leader Nigel Dodds confirmed that the party's condition for shoring up the new Tory government is an assurance that Northern Irela...

Read more

  • How Theresa May's Snap Election Backfired
How Theresa May's Snap Election Backfired

With results showing May's Conservatives have lost their majority in parliament , party members blamed what one called a "just awful" campaign, training their ire on an election team that highlighted the 60-year-old's flaws by sticking doggedly to an agreed script instead of masking her weaknesses.

Read more

  • Iowa State Bank Decreases Position in JP Morgan Chase & Co (JPM)
Iowa State Bank Decreases Position in JP Morgan Chase & Co (JPM)

On Tuesday, January 17 the stock rating was downgraded by Keefe Bruyette & Woods to "Mkt Perform". Vetr cut shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "buy" rating and set a $95.35 price objective for the company.in a research report on Monday, April 10th.

Read more