- BusinessReal Money•3 hours ago
This Is One Boardwalk You'll Want to Avoid
Boardwalk Pipeline Partners (BWP) broke to the downside recently from a $16-$19 trading range. Short-term BWP could bounce, but weekly sell signals suggest that prices could head still lower in the next couple of months. Let's check the latest charts and indicators below. In this daily bar chart of BWP, below, we can see a "rounding over" of prices from December to May. Prices broke to the downside in June and then rebounded half way back into the formation and failed. Prices turned lower in July with a bearish dead cross of the 50-day and 200-day moving averages. The slope of both of these indicators is now bearish. The daily On-Balance-Volume (OBV) line turned lower in early June and still
- BusinessPortland Business Journal•2 hours ago
Longtime Intel exec Stacy Smith retires
Longtime Intel executive Stacy Smith is retiring from the company after more than 30 years at the chipmaker. Smith will stay on board through the end of January, according to an email sent to employees by CEO Brian Krzanich. Smith is currently group president of manufacturing, operations and sales at Intel, a position he occupied in April 2016 when the company announced a sweeping restructuring. Prior to that he was chief financial officer. Smith joined Intel in 1988. Here’s Krzanich's full statement on the move: “With warm wishes, I’m writing to let you know that after thirty years at Intel, Stacy Smith has decided to retire from Intel at the end of January, 2018. I want to thank Stacy for his
BusinessThe Street•2 hours agoBerkshire Hathaway Stock Reaches All-Time High on S&P's Vote of Confidence
Both classes of Warren Buffet's Berkshire Hathaway Inc. (BRK.A) (BRK.B) stock reached all-time highs Tuesday even though the company's $9 billion bid to purchase power transmission company Oncor fell through. The deal's failure resulted in Standard & Poor's affirming the company's AA credit rating, saying that the company is no longer at risk for a credit downgrade. Berkshire had negotiated a $270 million deal breakup fee with Oncor. Berkshire couldn't maintain its momentum Wednesday afternoon as class A and B shares declined. Don't miss these top stories on TheStreet: The Federal Reserve Will Have an Insane $10 Trillion in Assets, Top Expert Warns We Might Have Unlocked the Secret Behind
