Shares of CSX Corporation Plunge After CEO Takes Medical Leave
On Friday, in premarket trade, CSX Corporation’s shares plunged. What happened? The decline started after the Jacksonville, Florida-based company announced that CEO Hunter Harrison was set to take medical leave due to unforeseen complications from ... [Read]
Middleby Business Opportunities Solid, Competition a Drag
We have issued an updated research report on The Middleby Corporation (NASDAQ:MIDD) on Dec 12. Strengthening commercial foodservice, food processing and residential kitchen equipment businesses as well as the company’s innovation investments and synergistic benefits ... [Read]
Delta Airlines Orders 100 Airbuses, Sees Growth Within The Last Month
Set to announce soon, Delta Air Lines (NYSE:DAL) is set to order 100 Airbus (NYSE:EADSF) A321neo jets soon. The company plans on announcing their presentation tomorrow. This will be a big win for Airbus. It’s ... [Read]
General Electric Will Be Cutting 4,500 Jobs in Europe
General Electric Co (NYSE:GE) will be cutting 4,500 jobs in Europe, in response to the company shrinking its floundering power business. The cuts will be occurring in Switzerland, Germany, and Britain, and are linked to ... [Read]
Allegeint Breaks 200 Day Average, Up 6%
In Tuesday’s trades, Allegiant Travel Company (NASDAQ:ALGT) ‘s shares sailed above their 200 day average of $141.98, trading as high as $143.30 per share. At press-time, Allegiant Travel Company shares are trading up 6% on ... [Read]
Will Tesla’s Unfettered Ambition Exacerbate Debt? Elon Musk Has the Answer
As of morning trading, Tesla Inc. (NASDAQ:$TSLA) shares rose as analysts questioned how soon CEO Elon Musk will have to ask creditors and shareholders for more capital to fund development of an electric semi truck, ... [Read]
Bombardier Seeks to Hire 1,000 Workers Amidst Global 7000 Business Aircraft Program
On Friday, Bombardier (OTC:$BOMBF) stated that the company is hiring around 1,000 workers in the Montreal area to work on its Global 7000 business aircraft program. Specifically, such hires will be completed over the next ... [Read]
General Electric CEO John Flannery Says He Isn’t Surprised By Two-Day Stock Downturn
General Electric (NYSE:$GE) is currently experiencing a two-day stock downturn – and CEO John Flannery says he isn’t surprised, adding that the company disappointed shareholders. On Tuesday, General Electric was down 5%, which brought the ... [Read]
General Electric Slashes Quarterly Payout From 24 Cents a Share to 12
On Monday, General Electric (NYSE:$GE) announced that it is slashing its dividend in half. Many speculate this will cause long-time shareholders of the Boston-based company to run and hide, while others believe it will free ... [Read]
W.W. Grainger Shares Fall After Amazon Rolls Out Business Prime Shipping
Industrial supplier W.W. Grainger (NYSE:$GWW) has a new enemy – and it’s in the form of a subscription offering from Amazon (NASDAQ:$AMZN). On Tuesday, GWW shares dropped more than 3% to $202.05 after Amazon Business ... [Read]