Business

Check 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
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J.P. Morgan Chase food and retail analyst Ken Goldman told CNBC that the packaged food sector is not likely to grow. “Unless something dramatic happens,” Goldman said Monday on “Power Lunch.” “I would count on very limited, you know, zero percent, maybe 1 percent growth with population, if they’re lucky,” he said. He said most
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Germany finally arrived at the tournament on Saturday evening, but left it late to beat Sweden. Tony Kroos scored a dramatic winner just 18 seconds from the end of the scheduled five minutes of added time. The 2014 winners had to come from behind to get their first points in Russia, but still have work
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Many efforts are underway to help bridge this divide, and some of the most effective are innovative new partnerships between government, business and educators. One example is the Pathways to Technology Early College High School – or P-TECH, a six-year program that IBM helped launch. P-TECH offers students a combined high school and associates degree
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Ahead of his departure as Starbucks executive chairman next week, Howard Schultz told CNBC Friday the company’s stock is “cheap and undervalued.” Shares of the company were up more than 1 percent in early trading Friday. The stock is down more than 11 percent this year as Starbucks struggles to recover from weak same-store sales
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Christopher Goodney | Bloomberg | Getty Images John Flannery, chief executive officer of GE. General Electric should suspend its quarterly dividend for the next 18 months, Goldman Sachs wrote in a Thursday night note to clients. “To avoid another dividend cut and potential rating downgrade we think the most prudent action would be for GE
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Check out the companies making headlines before the bell: BlackBerry – BlackBerry reported adjusted first-quarter profit of 3 cents per share, compared to analysts’ expectations of a breakeven quarter. The software and services company also saw revenue top estimates. Medtronic – The medical device maker announced a 9 percent increase in its quarterly dividend to
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Check out the companies making headlines before the bell: Winnebago – The recreational vehicle maker earned $1.02 per share for its latest quarter, beating estimates by 11 cents, with revenue well above estimates as well. The company said new products are performing well and that it is also successfully managing its costs. General Electric –
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As the first major economy to fully legalize cannabis, Canada’s regulatory rollout will be closely watched by other nations considering the same path – and by global investors, who have already poured billions into Canadian marijuana firms. Canadian marijuana companies like Canopy Growth, Aphria, Horizons Marijuana Life Sciences ETF and Aurora Cannabis have been at
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Giulia Marchi | Bloomberg | Getty Images Signage is displayed at the ZTE headquarters in Shenzhen, China, on Monday, June 4, 2018. The Senate easily passed a military funding bill that would reimpose sanctions on Chinese telecommunications company ZTE, challenging a controversial deal negotiated by the Trump administration to save the company from possible bankruptcy.
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U.S. online survey company SurveyMonkey on Monday said it had confidentially registered for an initial public offering with the Securities and Exchange Commission, through its parent SVMK. The number of shares to be offered and the price range for the proposed offering have not yet been determined, the company said. In May, sources told Reuters
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Check out the companies making headlines before the bell: Chevron – The energy producer was upgraded to “outperform” from “market perform” at Raymond James, saying Chevron is positioned better than peers to benefit from higher oil prices. Apple – Apple hired Waymo senior self-driving car engineer Jaime Waydo away from the Alphabet unit, in what’s
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Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city’s downtown area. In a statement, Foxconn said more than 500 people would work at the seven-story building in downtown Milwaukee. The announcement comes almost a year after the company disclosed
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“This is very worrisome for American agriculture generally,” said Dan Glickman, who served during the Clinton administration as agriculture secretary. “The business model of agriculture is an export business model, particularly for the program crops such as wheat, corn, cotton, rice and especially soybeans.” Glickman also said there could be fallout for GOP lawmakers from
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