President Trump is drawing fire from many of his own supporters for sending more troops to Afghanistan.Read More »
More trouble for the Charlotte energy industry as utility-scale battery manufacturer Alevo USA announced it will file for Charpter 11 bankruptcy protection from creditors and lay off almost 300 people in Concord. Chief Financial Officer Peter Heintzelman said it was “a difficult, but necessary decision.” “This decision was driven by the formidable challenges of bringing a new technology into commercial production and lacking the financial wherewithal to continue on through repeated manufacturing delays,” he says in a prepared statement Friday afternoon. “It is a sad day for our dedicated employees and partners, as well as for the promise of Alevo’s technology.” The bankruptcy filing was not available
Salesforce.com, Inc. (CRM) was one of the bull market's best-performing stocks. However, in 2016, CRM stock fell more than 12%, causing many to question whether the company's run was over. 2017 has been a different year, though, with the stock up 33%. Investors are hoping that momentum continues when Salesforce reports earnings Tuesday after the close. Now, some are wondering whether it can bust through $92, near its all-time high. Alibaba's Cloud Business = Mind-Blowing How Microsoft and Other Software Giants Are Growing in a Cloud-Focused World "I think Salesforce can be great," TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said from the
Great Wall Motor (OTC:GWLLY), the Chinese automaker that expressed interest in buying Jeep, has yet to engage in discussions with Fiat Chrysler Automobiles (NYSE:FCAU) as of Tuesday. In a filing with the Shanghai stock exchange, Great Wall said it “took interest in FCA but there has been no concrete progress so far.” Great Wall added that it hasn’t had any negotiations or signed any agreements with Fiat Chrysler. The Chinese SUV maker confirmed on Monday that it wants to acquire Jeep, and Great Wall President Wang Fengying told Automotive News that executives would seek to begin negotiations on a deal.