GE to spin off transportation unit on February 14
General Electric Co said on Monday it would spin off its transportation business on Feb. 14 and that it expects to distribute 8.7 billion shares of the unit to its shareholders.
Boost in tech shares sends Wall Street higher
Wall Street gained on Monday, with all three major indexes closing near session highs as sustained optimism on the prospects for U.S.-China trade relations propelled technology shares.
World stocks hit fresh two-month high, dollar firms
A gauge of global stocks hit a two-month high on Monday, as gains for technology and industrial shares fueled a rise on Wall Street, while the U.S. dollar gained for a third straight session against a basket of currencies and U.S. Treasury yields rose….
Alphabet fourth-quarter revenue, profit beat estimates
Alphabet Inc beat Wall Street estimates for fourth-quarter revenue and profit on Monday, as advertisers spent more on its Google search and YouTube services during the busy holiday shopping period.
Wall Street gains on China optimism, earnings
Wall Street gained on Monday, with technology shares leading the advance as investors were optimistic about the prospects for U.S.-China trade relations and quarterly earnings reports.
Sears makes case to judge for rescue deal with chairman Lampert
The once-mighty Sears department store chain took its fight for survival to a bankruptcy judge on Monday, arguing the proposed $5.2 billion sale to its chairman, Eddie Lampert, would help save 45,000 jobs and keep 425 stores open.
Apple briefly regains title as most valuable U.S. company
Apple very briefly retook its title as the most valuable publicly listed U.S. company on Monday, beating out Microsoft and Amazon.com, while Alphabet was close behind the trio as it prepared to report its quarterly results.
Papa John’s picks hedge fund Starboard over founder for investment
By Svea Herbst-Bayliss, Uday Sampath Kumar and Harry Brumpton
GM cutting 4,000 workers in latest round of restructuring
General Motors Co on Monday said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of a restructuring announced in late November that will ultimately shrink its white-collar workforce in North America by 15 percent …
Some U.S. funds waiting for earnings to buy shares of surging Chipotle
Shares of Chipotle Mexican Grill have surged over 70 percent over the last 12 months, but some U.S. fund managers are waiting for Feb. 6 earnings results to confirm that the burrito-chain is truly back from its 2015 food safety crisis.
