The European Union (EU) is preparing a set of measures to protect its steel and aluminum producers following the U.S. tariffs recently imposed on its metals industry. EU Trade Commissioner Cecilia Malmstrom said Tuesday that these could be announced as early as mid-July. They are part of a wider European response to President Donald Trump‘s […]
Read moreCheck out the companies making headlines before the bell: General Electric – GE announced plans to spin off its health-care unit, selling 20 percent and distributing the rest to shareholders, and it will also exit its stake in Baker Hughes over the next two to three years. Today is also the first time since 1907 […]
Read moreGeneral Electric said it would “adjust” its dividend once a just announced spinoff of its health-care business is completed. GE shares rose in premarket trading Tuesday after the beleaguered industrial conglomerate said it would shed GE Healthcare and sell its stake in energy company Baker Hughes. The company said it would focus on the aviation, […]
Read moreGE‘s turnaround strategy is becoming clear. On Tuesday the company announced its plan to spin off its health-care unit and separate its stake in oil services company Baker Hughes over the next two to three years. GE will focus its operations on the aviation, power and renewable energy businesses. “Today marks an important milestone in […]
Read moreBuyout group KKR has started preparations to list vending machine operator Selecta on the stock exchange as soon as the fourth quarter 2018 and is sounding out banks for another blockbuster Swiss listing, people close to the matter said. The private-equity firm is working with investment bank Lazard as so called IPO advisor on the […]
Read moreLong-time bull Art Hogan may become the first Wall Street analyst to cut his year-end forecast due to risks of a trade war. If the tensions don’t subside soon, the B. Riley FBR chief market strategist told CNBC’s “Trading Nation,” his S&P 500 price target of 3,000 may be unattainable. “It was our target at […]
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Packing up and moving overseas can be an appealing prospect. But it can be an expensive one, too — especially if you have your heart set on Asia. That’s according to research from consultancy Mercer, which found that Asian cities lead the way among the priciest destinations for employees living abroad. In its 2018 cost […]
Read moreRecep Tayyip Erdogan won another term in office and gained far-reaching powers, but analysts believe the election has left the Turkish president looking more vulnerable than before. Erdogan won 52.5 percent of the vote in the snap election that took place on Sunday, with the main opposition candidate Muharrem Ince getting 30.6 percent, state news […]
Read moreAs news of a possible restriction on Chinese investment in U.S. technology companies surfaced amid the ongoing trade spat between the world’s two largest economies, Alibaba-affiliated financial technology firm Ant Financial struck a calm note. “We operate in many different countries and there are different political developments and regulatory developments in the different countries all […]
Read moreAyrial Miller is clearly annoyed. Her mother is sitting with her on the couch in their Chicago apartment, scrolling through the teen’s contacts on social media. “Who’s this?” asks Jennea Bivens, aka Mom. It’s a friend of a friend, Ayrial says, and they haven’t talked in a while. “Delete it,” her mom says. The 13-year-old’s […]
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