Month: April 2018

Tess Torelli April 25, 2018

Alphabet shed nearly 5 percent Tuesday after reporting first quarter earnings Monday, as Wall Street analysts warned of a less profitable near-term for the tech giant. Shares closed at $1022.64 after hitting an intraday low of $1012.86. Google tripled its capital expenditures in the first quarter, highlighting investment in facilities and data centers. Analysts are […]

Tess Torelli April 25, 2018

Kentucky Derby hopeful Gronkowski will miss next week’s Run for the Roses. Phoenix Thoroughbreds said Gronkowski spiked a fever over the weekend and was immediately treated with antibiotics. While the sudden illness seems minor and the colt has been eating heartily and otherwise responding well to treatment, the condition will prevent his shipment to Louisville, […]

Tess Torelli April 25, 2018

US Marine Corps photo A Sikorsky helicopter lands near Marines with Fox Company, 2nd Battalion, 8th Marines, Regimental Combat Team 7, and Afghan National Security Forces provide security during Operation Nightmare in Nowzad, Afghanistan, June 6, 2013. Top defense companies’ shares declined Tuesday, erasing earlier gains, amid a broader market sell-off. The S&P 500 Aerospace […]

Tess Torelli April 25, 2018

Don’t bother looking for a Virgin America kiosk at the airport Wednesday morning. Employees of Alaska Airlines, which merged with Richard Branson-backed Virgin America in December 2016, are racing to scrub the former company’s branding from 29 airports around the U.S. Virgin America-branded kiosks and signs at baggage claim, curbside check-in and ticket counters will […]

Tess Torelli April 25, 2018

“TSM’s warning this A.M. likely puts the kibosh on the semiconductor (SOX) rally. SOX is a leading indicator for overall stock market and has been rock-solid (relative strength) past 2 yrs. Additionally it’s open season on AAPL, the highest valued stock, and its suppliers,” Fred Hickey, editor of High Tech Strategist, wrote in on social […]

Tess Torelli April 25, 2018

Many vendors believed that payment for shipments after the Sept. 18 Chapter 11 filing would be covered by a $3.1 billion bankruptcy loan, but that loan gives priority to lenders and other expenses such as legal fees, lawyers said on Tuesday. “It’s a really hard pill to swallow,” said Erika Morabito, a lawyer who represents […]

Tess Torelli April 25, 2018

Giftofaservant’s John Harwood spoke with Stephanie Schriock, president of Emily’s List, about how the Democratic political action committee spreads its influence among national and state campaigns. Here is an edited excerpt of their conversation. Harwood: When you think about your allocation decisions — limited amounts of money, staff time — how do you calibrate now […]

Tess Torelli April 25, 2018

Dow components Caterpillar and Verizon posted earnings beats and were rewarded with solid price gains at the open before their shares pulled back from their highs. 3M earning’s were in line but saw its shares tumble the most in nine years after it reduced guidance, and Caterpillar tumbled on comments from its chief financial offer. […]