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.
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.
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.
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
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
Lisa Su, Advanced Micro Devices CEO, discusses the company's big quarterly beat, growth in gaming and her outlook on blockchain.
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
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.
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.
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.
Widely followed short-seller Jim Chanos, Kynikos Associates founder, shares his position on China.
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
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
Shares of AMD (Advanced Micro Devices) are set to open up more than 9% Thursday, at $10.60, after the chipmaker reported first-quarter results that topped analyst expectations. Revenue was $1.65 billion, which was ahead of the $1.57 billion that Wall Street was anticipating. "The first quarter was an outstanding start to 2018 with 40 percent year-over-year revenue growth,” said Lisa Su, AMD's president and CEO, in a press release.
SAN JOSE, Calif. (AP) _ Western Digital Corp. (WDC) on Thursday reported fiscal third-quarter earnings of $61 million. The San Jose, California-based company said it had profit of 20 cents per share. Earnings, adjusted
On Tuesday, Microsoft was valued at $714 billion, about $3 billion above Alphabet and Amazon. Microsoft had briefly ascended to No. 2 on April 12 and then again on April 16. On Tuesday, amid worries about higher U.S. Treasury yields and disappointing earnings by other companies that sent the S&P 500 down1.3%, Microsoft rose to No. 2 by virtue of its shares falling less--2.3%--than those of its rivals.
AT&T T reported mixed first-quarter 2018 results, with the top and the bottom lines missing the respective Zacks Consensus Estimate despite solid prepaid phone gains, record low first-quarter postpaid phone churn and continued DIRECTV NOW subscriber growth
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.
General Motors' first-quarter net income fell 60 percent from a year ago, and its shares fell even though the numbers beat Wall Street estimates. GM says earnings and revenue fell because shipments to dealers dropped as factories were closed to retool for new full-size pickup trucks. Shares of GM tumbled 2.4 percent to $37.18 in Thursday midday training.
After Philip Morris International Inc. (NYSE:PM) delivered disappointing first quarter numbers last week, Altria Group Inc (NYSE:MO) shareholders were tacitly waiting to hear their serving of quarterly bad news on Thursday morning. Altria’s gotten very, very good at keeping more and more plates spinning though, shrugging off a smoking cessation movement that’s just never going to go away. For the quarter ending in March, Altria earned an operating profit of 95 cents per share on revenue of $6.1 billion, up from a year-earlier top line of just a bit less than $6.1 billion, when it posted a profit of only 73 cents per share.
MIDDLETON, Wis. (AP) _ Spectrum Brands Holdings Inc. (SPB) on Thursday reported fiscal second-quarter profit of $1.4 million. The Middleton, Wisconsin-based company said it had net income of 3 cents per share. Earnings
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.
Amazon's made a slew of acquisitions in the area of smart home services, and now it's offering a product that brings them together under one roof -- your roof. Amazon has quietly launched a portal offering home security services -- which include all the equipment you would need and in-person visits from Amazon consultants to advise and install the kit. The packages are being sold in five price tiers, at a flat fee -- no monthly service contracts, a significant disruption of how many home security services are sold today.
In addition, Amazon and the U.S. National Football League announced a deal to stream Thursday night games during the 2018 and 2019 seasons on Amazon's Prime Video. Amazon's shares rose 6 percent in after-hours trade. Seattle-based Amazon is winning business from older, big box rivals by delivering virtually any product to customers at a low cost, and at times faster than it takes to buy goods from a physical store.