American Airlines passenger Brittany Oswell died after a flight on which she suffered an embolism and went into cardiac arrest, according to a wrongful death lawsuit filed against the airline by Oswell's husband and parents. Attorney Brad Cranshaw claims a doctor on the flight examined Oswell and asked for an emergency landing multiple times. The flight crew allegedly didn't follow the doctor's request, and Oswell later died at Baylor Medical Center in Dallas.
SAN JOSE, Calif. (AP) _ Cypress Semiconductor Corp. (CY) on Thursday reported first-quarter net income of $9.1 million, after reporting a loss in the same period a year earlier. The San Jose, California-based company
The combined company would have more than 127 million customers and could create more formidable competition for the No.1 and No.2 wireless players, Verizon Communications Inc and AT&T Inc , amid a race to expand offerings in 5G, the next generation of wireless technology. T-Mobile majority-owner Deutsche Telekom and Japan's SoftBank Group Corp , which controls Sprint, are considering an agreement that would dictate how they exercise voting control over the combined company, two of the sources said.
According to the restaurant chain, it will be closing down the 500 stores as it looks for the best locations for its business. Subway notes that it will also be relocating some of its stores in an effort to maximize its potential in the U.S. Subway doesn’t yet have a list of the 500 U.S. stores that it will be closing. It has been struggling to overcome its competition and closed over 800 U.S. restaurants in 2017.
Amazon is increasing the price of its Prime membership from $99 to $119 starting on May 11. The company just announced the price increase on its first quarter earnings call, attributing the spike to the service's rising costs, and noting that this was its first price hike since March 2014. Amazon Prime, which has more than 100 million paid members worldwide, gives members free two-day shipping on lots of products, as well as access to exclusive TV shows, movies, and music. New users will have to pay $119 for Prime starting on May 11, though existing Prime members will have until June 16 to renew their membership at the current $99 price-point. The move comes only a few months after Amazon raised
Matt Maddox, Wynn Resorts CEO, talks about the company's mixed quarter and his vision for the company following a turbulent start to the year after sexual misconduct allegations where leveled at then chief executive Steve Wynn.
Who wants to buy U.S. Treasuries at these levels? With the longest selloff in a year stalling, Citigroup strategists Jabaz Mathai and Jason Williams say go long duration by purchasing 10-year notes at about 3 percent. The median estimate among 57 analysts surveyed by Bloomberg is for the 10-year rate to climb gradually for the rest of 2018, to 3.14 percent by year-end.
With the market in gridlock, Goldman Sachs has identified 30 stocks with big upside potential. Goldman says trade tensions and rate decisions “[have] made the environment difficult for stock pickers.” But don’t panic! For the best alpha generation opportunities, the firm recommends picking stocks that are more correlated with company specifics rather than general market forces. As a result, all the stocks here have a “Strong Buy” Street consensus rating based only on the last three months.
Advanced Micro Devices, Inc. (NASDAQ:AMD) reported fiscal first-quarter earnings results on Wednesday after close. Bears had previously attacked AMD stock on its valuation, but when the company began churning out gains rather than losses, the rhetoric turned to cryptocurrency fears. Earnings per share of 11 cents came in 2 cents per share ahead of expectations.
Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett is one of the most ardent bulls when it comes to the U.S. stock market and the economy at large. Earlier this year, Yahoo Finance’s Andy Serwer spoke with Buffett in Omaha, and during this conversation Buffett explained the magic of compounding by illustrating how a $114 could’ve turned into $400,000. Of course, the road between 1942 and 2018 was anything but smooth. The stock market crashed in 1987, investors endured a multi-year bear market in the 1970s, the tech bubble burst in 2000, and the global economy ground to a halt in 2008.
Ford Motor Co. said Wednesday it will stop investing in sedans in North America, bowing to U.S. drivers’ seemingly never-ending zest for crossovers and pickup trucks. Ford F, +2.61% shifted focus on “building a winning portfolio” of vehicles, by which it meant no more of its slow-selling sedans at least for North America. U.S. drivers have gravitated to SUVs and pickup trucks for years, thanks in part to these vehicles’ relative fuel economy improvements and price drops. Many car buyers also report enjoying the high-riding seating position of an SUV or pickup truck. “Ford realized it can’t be everything to everyone, and in today’s market that could be OK,” said Jessica Caldwell, an analyst with
Western Digital Corp. WDC just released its latest quarterly financial results, posting earnings of $3.63 per share and revenues of $5 billion. Currently, WDC is a Zacks Rank #1 (Strong Buy), but that could change based on today’s results. Estimates have increased by 14 cents for the current year over the last two months, and the Zacks Consensus sits at $14.05 per share.
AT&T (T) shares are down sharply, falling 2.38, or 6.8%, to $32.82 today amid investor displeasure with the company’s earnings report yesterday. The report showed weaker than expected margins in the company’s wireless business and greater than expected subscriber losses in its satellite TV operations. The dividend yield on AT&T shares has moved above 6% today as the stock approaches a 52-week low reached last November. AT&T is now ninth-highest-yielding stock in the S&P 500 index—and the highest-yielding mega-cap stock in the index. The current yield is now 6.1%. The drop in AT&T shares is weighing on shares of Time Warner (TWX), which are off $2.52 to $93.76, because nearly half the consideration
In the latest blow to beleaguered blue chip General Electric Co., Moody’s Investors Service on Wednesday revised its outlook on the company’s ratings to negative, meaning it could downgrade it in the medium term. The move “reflects the added headwinds to restoring GE’s credit profile as a result of the $1.5 billion reserve that GE recorded in relation to the investigation by the Department of Justice of possible violations of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (”FIRREA”) by WMC, GE Capital’s discontinued mortgage business,” the rating agency said in a note. Read now: Are you smart or foolish to buy GE stock right now? Don’t miss: Investors shouldn’t get ahead
Intel Corp. gave a better-than-projected second-quarter sales forecast, proving that for now the computer industry just can’t quit its products. Under Chief Executive Officer Brian Krzanich, Intel is increasingly touting its efforts beyond personal-computer processors, a business that’s long provided the company with the majority of income. The drive to lessen its reliance on an industry that hasn’t expanded for six years has been bolstered by massive spending on the servers that are the basic component of the data centers that run the Internet.
Qualcomm Inc's earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones. Qualcomm gave two indications on Wednesday it was prepared to accept lower revenue in exchange for maintaining the business structure and avoiding future customer disputes. On Wednesday, Qualcomm said it would cap the phone price that is the basis of the revenue calculation at $400.
Unquestionably, Alibaba Group Holding Ltd (NYSE:BABA) has been a standout performer. After a choppy start against its initial public offering, BABA stock decisively asserted itself in 2017. Notably, last year was the first one for President Trump’s administration.
Jim Cramer says Advanced Micro Devices is back from near-death. Here's why you should buy.
Feeling the need to improve its store fleet amid intense competition in the sandwich industry, Subway is planning to close 500 U.S. locations this year, according to Bloomberg News. Subway restaurants are small in size, but ubiquitous. The chain is the largest in the U.S. by store count of any quick-service chain with nearly 26,000 locations, well above the 14,000 McDonald’s mcd restaurants in this country.
Southwest Airlines Co. said a drop in travel bookings that followed its first passenger fatality could cost the carrier as much as $100 million. The slide in ticket sales will drive revenue from each seat flown a mile, a gauge of pricing power, down by 1 percent to 3 percent in the current quarter, the discount carrier said in a statement Thursday. Southwest blamed as much as two percentage points of the decline on weak sales after an engine exploded in flight April 17, piercing the plane and killing a passenger. The sober outlook contrasted with those of rival airlines, which have predicted increases in the revenue gauge of as much as 5 percent. Southwest also faces pressures from aircraft retirements
Altria Group Inc.’s MO recently-reported first-quarter 2018 results showed continued strength in the bottom line. The quarterly performance also reflected improved revenues in the smokeless category. Nevertheless, lower cigarette volumes remained a drag
SPRING, Texas (AP) _ Southwestern Energy Co. (SWN) on Thursday reported first-quarter earnings of $208 million. On a per-share basis, the Spring, Texas-based company said it had profit of 36 cents. Earnings, adjusted
Subway Restaurants, the world’s most ubiquitous dining chain, will continue closing U.S. stores as it expands internationally. After peppering the nation with thousands of locations, closely held Subway is retrenching. This year, the sandwich purveyor is planning to shut about 500 more of its U.S. shops. Last year, more than 800 stores went dark, with the total U.S. count dropping to 25,908. It also closed restaurants in 2016. “We want to be sure that we have the best location,” Chief Executive Officer Suzanne Greco, 60, said in a phone interview. “We focused in the past on restaurant count. We’re focused now on strengthening market share.” “Store count isn’t everything,” she said. “It’s about
Apple just announced the end of production on its AirPort line of base stations, a list that includes the AirPort Express, AirPort Extreme and AirPort Time Capsule. "We’re discontinuing the Apple AirPort base station products,” says the spokesperson.
China's smartphone sales saw a record decline in the first quarter of 2018, according to a new report by independent analyst company Canalys. According to the report published Thursday, smartphone shipments in China saw a 21 percent decline annually to 91 million units, with eight of the top 10 vendors experiencing a fall in sales. Apple saw itself displaced once again from its No.4 position by local brand Xiaomi, which was the brand that saw the biggest growth in shipments — by 37 percent to 12 million units sold. (Apple had edged ahead of Xioami by a slim margin in the fourth quarter of 2017, according to Canalys.) Top spot holder Huawei, including its Honor brand, also managed to grow shipments