Walmart Says Flipkart CEO Has Resigned After Misconduct Investigation

Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. “While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation,” Walmart said in a statement.

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  Flipkart chief executive resigns after probe into ‘serious  personal misconduct’ 

  The Telegraph
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  Flipkart CEO Binny Bansal resigns after sexual assault accusation: source

  Reuters

Can Strong Demand for GPUs Aid NVIDIA's (NVDA) Q3 Earnings?

NVIDIA NVDA is consistently witnessing steady growth on the back of robust demand for graphic processor units (GPUs) and the momentum is likely to be reflected in the impending third-quarter fiscal 2019 results, scheduled to be announced on Nov 15. NVIDIA’s constant focus on introducing an array of fast and innovative products is a key growth driver in this regard. Datacenter presents a solid growth opportunity for the company.

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  Why NVIDIA Just Discontinued This Expensive Graphics Card

  Motley Fool
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  Top Stock Picks for the Week of November 12th

  Zacks

How Trump's tax cuts hurt the GOP in America's wealthy suburbs

Republicans are losing their hold on upper-middle-class suburbs, and the tax reform bill may be to blame. Although a number of races are still too close to call, Democrats have taken 30 seats so far — more than the 23 GOP districts they needed to seize control of the House of Representatives. In swing districts across the country, new Democratic challengers vowed to defy the Trump administration while Republican incumbents touted the benefits of tax reform and a booming economy.

Stocks slammed and traders are betting it could get a lot...

The Dow drops 600 points as stocks get slammed. Should investors still be buying the dip? With CNBC's Joe Kernen and the Fast Money traders, Pete Najarian, Steve Grasso, Brian Kelly and Tim Seymour.

Victoria’s Secret parent L Brands could bring back its swimsuit business, analysts say

L Brands Inc. could bring back the Victoria’s Secret swimsuit line now that the company has signaled no strategy is off limits if it improves profitability, Wells Fargo analysts say. L Brands’ (LB)  portfolio includes Victoria’s Secret and Bath & Body Works. Wells Fargo upgraded L Brands to outperform from market weight, with analysts seeing a turnaround on the horizon as the company takes an “‘all options on the table’ mentality.” Analysts don’t expect a turnaround in the near future, but shuttering Henri Bendel and considering options, including a sale, of the La Senza business shows that the company has taken on a new focus.

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  Carmen Carrera Sounds Off on Victoria's Secret Casting Controversy

  Yahoo View
• 
  Rihanna quietly responds to the whole Victoria's Secret controversy

  Yahoo Style UK

Buy Semiconductors on the Dip? 3 Stocks to Consider Now

Semiconductor stocks have been battered by recent market-wide volatility and concerns that the industry’s strong cycle is nearing its end. The aforementioned emerging tech trends have created new consumer demand, and the semiconductor makers are delivering. Mellanox Technologies is a leading supplier of semiconductor-based computer networking products to world-class server, storage, and infrastructure OEMs.

Johnson Controls sells its power business to Brookfield in $13 billion deal

Shares of Johnson Controls were up 3.5 percent at $35.40 before the bell. The deal will allow Johnson Controls to focus on its building technologies and solutions business, which makes heating, ventilation and air conditioning systems, as well as building access control and fire detection systems. Reuters had reported, late last month, that Brookfield and Johnson Controls were close to finalizing terms for the sale of the unit, whose batteries are used in about a third of cars globally.

• Brookfield to Buy Johnson Controls Unit for $13.2 Billion

  Bloomberg
• Johnson Controls selling Power Solutions for $13.2 billion

  MarketWatch

Margarita Louis-Dreyfus Taps Credit Suisse for Loan

The Swiss bank is working on the loan to Louis-Dreyfus and her family trust Akira, said the people, who asked not to be named because the details are confidential. Louis-Dreyfus announced she had secured funds last week, but didn’t disclose the terms of the loan or who would be financing it. Representatives for Louis Dreyfus and Credit Suisse declined to comment.

Here are the 40 newly announced Sears and Kmart store closures

Sears Holdings Corp. has announced that 40 stores will close in February 2019, adding to the 142 closures the struggling retailer announced previously. The stores, which include both Kmart and Sears locations, will begin liquidation sales late next week, the company said. Sears (SHLDQ)  filed Chapter 11 on Oct. 15.

Exxon Mobil (XOM) Stock Moves -1.29%: What You Should Know

Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $78.29 billion, up 17.7% from the year-ago period. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Investors can capitalize on this by using the Zacks Rank.

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  Earnings Estimates Moving Higher for Range Resources (RRC): Time to Buy?

  Zacks
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  Eli Lilly (LLY) Gains As Market Dips: What You Should Know

  Zacks

JPMorgan Says Don't Play the Downturn, S&P Will Bounce Back

“An increasing chunk of the investor base is of the view that one has to be already positioned for the next downturn,” strategists Mislav Matejka, Prabhav Bhadani and Nitya Saidanha wrote in a note Monday. A panoply of negatives has hit the U.S., and global, stocks since the start of October, starting with a rebound in benchmark Treasury yields, which has enhanced the appeal of risk-free investments.

Apple Has a Plan B as iPhone Demand Peaks; Many Suppliers Don't

The latest evidence that what’s bad for Apple can be terrible for suppliers came on two continents within hours of each other. Japan Display Inc., which gets more than half its revenue from the iPhone maker, cut forecasts. Then Lumentum Holdings Inc., a top maker of iPhone facial-recognition sensors, lowered its second-quarter outlook.

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  Apple shares dive after iPhone supplier cuts outlook

  Fox Business Videos
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  Apple supplier Lumentum Holdings sinks, and some worry ab...

  CNBC Videos

Two Dow stocks to buy now

Marc Pinto of Janus joins 'Squawk Box' to discuss his top stock picks to buy amid the market's volatility.

China says U.S. controls on semiconductor firm break WTO rules

The U.S. decision to cut off a Chinese state-backed chipmaker from U.S. suppliers amid allegations the firm stole intellectual property breaks World Trade Organization rules and aims to protect a U.S. monopoly, China told a WTO meeting on Tuesday. Last month the U.S. Commerce Department put Fujian Jinhua Integrated Circuit Co Ltd on a list of entities that cannot buy components, software and technology goods from U.S. firms. U.S. semiconductor company Micron Technology Inc , a maker of memory chips with factories in Virginia and Utah, has accused Jinhua and Taiwanese partner United Microelectronics Corp of stealing its chip designs in a lawsuit in California.

General Electric's stock is in a full-blown crisis — Here's how you can tell

General Electric’s stock is acting right now like the banks did at the height of the 2008 financial crisis — completely disregarding any soothing words from those in the know. Shares of the fallen industrial giant have tanked 10% over the course of two days as Wall Street grows increasingly concerned about GE’s sky high debt levels, weakening fundamentals and pressured liquidity position. “While liquidity is certainly debatable, we believe this is not really about liquidity, it’s about a deterioration in run rate fundamentals,” said JPMorgan analyst Stephen Tusa in a note on Friday.

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  General Electric's Culp: No higher priority than bringing...

  CNBC Videos
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  GE Plunged to a Nine-Year Low after JPMorgan Cut Its Target Price

  Market Realist

Dow sinks 602 points as the stock market contends with a fresh threat: a rising dollar

The Dow Jones Industrial Average ended Monday trade near session lows, amid a firming U.S. dollar. Last week, investor sentiment was buffeted by a rapid decline in crude-oil prices (CLZ8) which fell into bear-market territory, defined as a drop from a recent peak of at least 20%.

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  Stocks close sharply lower as Dow tumbles 600 points in wake of oil-market woes

  MarketWatch
• Apple leads Dow's 400 point drop

  Fox Business

Tyson Foods quarterly sales miss estimates, shares fall

Shares of the Ball Park hotdogs and Jimmy Dean sausages maker fell $4.11, or 6.7 percent, to $57.50 in late morning trading. Demand for chicken has eased in the United States as President Donald Trump's trade wars resulted in lower exports of U.S. beef and pork to China and Mexico, boosting the domestic supply of the competing meats. The U.S.-China trade war has all but halted shipments of many American agricultural goods to China, including meat and soybeans.

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  Tyson Foods (TSN) Tops Q4 Earnings Estimates

  Zacks
• Tyson Foods Q4 Earnings Preview

  Benzinga

Oil futures just did something never done before, as Trump calls for lower crude prices

West Texas Intermediate crude for December delivery on the New York Mercantile Exchange (CLZ8) settled lower on Monday, marking its 11th consecutive decline, surpassing a 10-day skid for the contract from July 18-July 31 1984, according to Dow Jones Market Data. It’s 11th straight decline is now the longest series of losses for oil since WTI started trading in 1983, according to Dow Jones Market Data. Rising production and a softening in U.S. oil sanctions on Iran, that included waivers for big crude importers like China, which helped to contribute to a whipsaw lower for oil prices.

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  Risking Trump ire, OPEC builds case for oil supply cut

  Reuters
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  Oil's Slide Accelerates Amid Darkening Supply-Demand Outlook

  Bloomberg

Annaly Capital Management (NLY) Stock Moves -0.6%: What You Should Know

Heading into today, shares of the real estate investment trust had gained 1.72% over the past month, outpacing the Finance sector's loss of 2.67% and the S&P 500's loss of 3.33% in that time. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves.

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  ESPN+ & Disney's (DIS) Bright Streaming Future

  Zacks
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  UGI (UGI) Beats Q4 Earnings and Revenue Estimates

  Zacks

GE Rises on $4 Billion Plan to Speed Cut to Baker Hughes Stake

GE will sell as many as 166.2 million shares in the oilfield-services provider through a secondary offering and a stock repurchase by Baker Hughes, the companies said in statements Tuesday. Culp’s decision punctuates the pivot away from oilfield businesses championed by former CEO Jeffrey Immelt, who spent $10 billion on deals in the decade through 2013 and agreed in 2016 to merge GE’s oil businesses with Baker Hughes.

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  Funds Keep Dumping Blocks of GE Shares at an Exceedingly Rapid Pace

  Bloomberg
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  Culp says GE may sell larger chunk of health care unit in IPO

  American City Business Journals