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Airbus Seeks 100-Plus Orders for Bombardier Jet Now Called A220

Benjamin D Katz
Airbus Seeks 100-Plus Orders for Bombardier Jet Now Called A220

Airbus SE renamed the C Series jet acquired from Bombardier Inc. the A220 and set a target of at least 100 orders for the aircraft this year. The European planemaker aims to book a “triple-digit” level of sales before the end of 2018, David Dufrenois, the program’s sales chief, said in Toulouse, where the first A220 in Airbus livery was paraded before the media. Airbus reckons the aircraft can secure at least half of the market for 100 to 150 seat planes over the next 20 years, which it estimates 3,000 units, excluding its own A319 plane.

  • Business
    TheStreet.com

    4 Conservative Dividend Stocks That Belong in Every Income Investors Portfolio

    All four of these names have very strong cash flows that allow them to not only pay better than 3% dividends, but also to buy back stock. Two are consumer staples, a sector that's been the S&P 500's second-best performer over the past month (up 3.83%). The others are in health care, which has been the S&P 500's No. 3 best sector (+3%) during the past month.

  • Man who retired at 35: Saving money won’t make you rich—here’s what will
    News
    CNBC

    Man who retired at 35: Saving money won’t make you rich—here’s what will

    Saving money is a little bit of an obsession of personal finance and early retirement bloggers. Surely, saving money has something to do with getting rich, right? The act of saving money won’t, in and of itself, make anyone rich.

  • A former Soviet Union interpreter explains why Trump’s meeting with Putin was extraordinary
    Politics
    Quartz

    A former Soviet Union interpreter explains why Trump’s meeting with Putin was extraordinary

    On July 16, Vladimir Putin and Donald Trump held bilateral talks in Helsinki. To get a sense of the magnitude of such a diplomatic event like this, Riga-based news outlet Meduza (Russian) spoke to Pavel Palazhchenko, who served as a interpreter for General Secretary Mikhail Gorbachev and Soviet Foreign Minister Eduard Shevardnadze. You took part in almost all the Russian-American summits during the Gorbachev era, right?

  • The Inmate Teaching Finance Behind Bars
    Business
    Great Big Story

    The Inmate Teaching Finance Behind Bars

    Curtis Carroll is simply known as "Wall Street" by his fellow inmates at San Quentin State Prison because of his winning reputation for picking and trading stocks. Currently serving a 54-to-life sentence, Carroll founded the prison's financial literacy program as a way to better equip and empower inmates. For the past 10 years, he's been teaching the basics of personal finance and how to trade and buy stocks. His goal is give others the tools and the hope to build a life beyond crime. To learn more about this initiative visit projectfeel.org.

  • Inspector warned duck boat company of design flaws last year
    Finance
    Associated Press

    Inspector warned duck boat company of design flaws last year

    A private inspector said Saturday that he warned the company operating duck boats on a Missouri lake about design flaws putting the watercraft at greater risk of sinking, less than a year before the accident that killed 17 people during a sudden storm. Steve Paul, owner of the Test Drive Technologies inspection service in the St. Louis area, said he issued a written report for the company in August 2017. It explained why the boats' engines — and pumps that remove water from their hulls — might fail in inclement weather.

  • First Order of Business for Lowe's New CEO: Clean House
    Business
    Motley Fool

    First Order of Business for Lowe's New CEO: Clean House

    Just days after stepping into his new role as CEO of Lowe's (NYSE: LOW), Marvin Ellison is taking a sledgehammer to the home-improvement center. A week after hanging his nameplate on his door, Ellison announced he was reorganizing the company's C-suite structure by eliminating the positions of chief operating officer, chief customer officer, corporate administration executive, and chief development officer. The responsibilities of these jobs will be assumed by other executives -- including some newly-created EVP-level roles -- who will report directly to Ellison.

  • Finance
    InvestorPlace

    Like I said, Berkshire Hathaway Stock Is a Steal Below $200

    Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) jumped more than 5% July 18 on the news Warren Buffett and Charlie Munger have reconsidered their stance on Berkshire Hathaway stock repurchases, something many large investors have been clamoring for it to do. Up until the surprise announcement,  Berkshire Hathaway could only buy back its stock at 1.2 times book value or less than that, a multiple it hasn’t seen since 2012. “It’s a somewhat significant change,” said Steven Check, president of Check Capital Management Inc in Costa Mesa, California.

  • What to Expect When Facebook Reports Earnings
    Business
    Motley Fool

    What to Expect When Facebook Reports Earnings

    It's been a tumultuous year for Facebook. Facebook previously showed no ill effects from the controversy surrounding its data sharing policies when it reported significant growth in the first quarter, and we may see the same again. Facebook is scheduled to report the results of the second quarter on July 25, after the market close.

  • AT&T Adds Three More U.S. Cities to 5G Plans as It Races Verizon
    Finance
    Bloomberg

    AT&T Adds Three More U.S. Cities to 5G Plans as It Races Verizon

    AT&T Inc. will roll out 5G service to three additional U.S. cities, a sign that the industrywide push to adopt the speedier standard is finally moving from marketing announcements to reality. Oklahoma City and two North Carolina cities -- Charlotte and Raleigh -- will be getting the mobile service later this year, AT&T said on Friday. Rival Verizon Communications Inc., meanwhile, has discussed adopting 5G service in four cities this year, including Los Angeles and Sacramento, California.

  • Elon Musk Responds Hours After Analyst Report Citing Model 3 Cancellations Hits Tesla Stock
    Business
    Fortune

    Elon Musk Responds Hours After Analyst Report Citing Model 3 Cancellations Hits Tesla Stock

    Tesla CEO Elon Musk has tried to correct the record after an analyst report surfaced on Thursday saying his Model 3 is in trouble. In a tweet late on Thursday, Musk called an analyst report that said Model 3 cancellations are double today where they were last year at the same time and higher than orders “bs.” Musk added that last week, Tesla had 5,000 Model 3 “new net orders.” Net orders refers to total orders, less cancellations.

  • Scientists Just Found a 99-Million-Year-Old Baby Snake
    Finance
    Fortune

    Scientists Just Found a 99-Million-Year-Old Baby Snake

    The discovery was recently published in Science Advances, the peer-reviewed journal of the American Association for the Advancement of Science. Based in the discovery, researchers now believe that snakes may have made the move to forested environments from their coastal and underwater habitats earlier than previously thought. Michael Caldwell, a paleontologist and one of the study’s co-authors, says that the discovery refines our current understanding of early snakes.

  • 3 Growth Stocks That Could Put Netflix's Returns to Shame
    Business
    Motley Fool

    3 Growth Stocks That Could Put Netflix's Returns to Shame

    You can't deny that investors who recognized Netflix's (NASDAQ: NFLX) staggering potential early on have already enjoyed life-changing gains. Read on to learn why three top Motley Fool investors believe that Wix (NASDAQ: WIX), Amazon.com (NASDAQ: AMZN), and A.O. Smith (NYSE: AOS) will do exactly that. Steve Symington (Wix): Shares of Wix have more than doubled from their 52-week low set late last year, but I think the website design platform has plenty of room to run.

  • July 25: A Big Day for Qualcomm and its Investors
    Business
    Market Realist

    July 25: A Big Day for Qualcomm and its Investors

    How Was the First Half of 2018 for Qualcomm? Qualcomm (QCOM) has been at the center of the US-China (FXI) trade war. The climax of its almost-two-year acquisition of NXP Semiconductors (NXPI) is set to be revealed on July 25, the same day Qualcomm is slated to release its fiscal Q3 2018 earnings.

  • Fiat-Chrysler CEO Sergio Marchionne unexpectedly resigns as health worsens
    Business
    Digital Trends

    Fiat-Chrysler CEO Sergio Marchionne unexpectedly resigns as health worsens

    Sergio Marchionne has stepped down from his position as CEO of Fiat-Chrysler Automobiles (FCA) about a year earlier than expected due to significant complications from shoulder surgery. The automaker’s board of management appointed Mike Manley, who previously ran the Jeep and Ram divisions, as Marchionne’s replacement during an emergency meeting. Outspoken and influential, 66-year old Marchionne had surgery on his right shoulder in early July.

  • President George H.W. Bush's Former Doctor Killed While Cycling
    News
    Time

    President George H.W. Bush's Former Doctor Killed While Cycling

    The shooting happened around 9 a.m. as Dr. Mark Hausknecht was going northbound through the Texas Medical Center, said Houston Police Executive Assistant Chief Troy Finner. Hausknecht, 65, hit at least once, was taken to a nearby hospital, where he died. Hausknecht was going in to work at Houston Methodist Hospital when he was shot, the hospital’s CEO said in an email to staff.

  • Business
    CNBC

    As Albertsons heads to pivotal vote in Rite Aid merger, touts strong earnings

    The companies think their combined size will make them more competitive against mega-giants Walmart and Amazon. As Albertsons Cos. and Rite Aid RAD head to an August vote over their planned merger, the message to investors is simple: size still matters. The deal, announced in February, would create a new retail giant valued at roughly $24 billion that would combine Albertsons' grocery operations with Rite Aid's pharmacy business.

  • 4 Top Stocks in Semiconductors
    Business
    Motley Fool

    4 Top Stocks in Semiconductors

    Semiconductors form the bedrock of the tech sector. Without new chips, data centers couldn't run, cloud services would fail, and the development of consumer electronics would stall out. Cypress Semiconductor (NASDAQ: CY) is the market leader in wireless Internet of Things (IoT) chips, NOR and SRAM memory chips, USB-C controllers, and auto instrument cluster microcontrollers.

  • Jamie Dimon was best-paid bank CEO last year — wait till you see who came in fourth
    Business
    MarketWatch

    Jamie Dimon was best-paid bank CEO last year — wait till you see who came in fourth

    JPMorgan Chase Co.’s (JPM)chief executive, Jamie Dimon, was the highest-paid CEO in the U.S. banking sector last year, snagging a tidy $28.3 million in total compensation, up 3.9% from the previous year, according to S&P Global Market Intelligence. Bank of America Corp. (BAC)CEO Brian Moynihan came in second place with total compensation of $21.3 million, according to the data company, followed by Michael Corbat, CEO of Citigroup Inc. (C) , who took home $17.8 million. The surprise: Fourth place went to Timothy Sloan of Wells Fargo & Co. Inc. (WFC) , who took home $17.5 million, even as his bank continued to slowly recover from a series of scandals involving the creation of unauthorized accounts and imposition of other products and fees on unsuspecting customers.

  • Here's What to Expect When Apple Reports Earnings
    Business
    Motley Fool

    Here's What to Expect When Apple Reports Earnings

    The first six months of Apple's (NASDAQ: AAPL) current fiscal year -- that's fiscal year 2018 -- have been quite strong. The Mac business has been something of a drag on the results, though, with revenue down 3% during the first half of fiscal year 2018. With Apple soon set to report its financial results for the third quarter and provide guidance for the following quarter, here are some things that investors should keep their eyes on.

  • 3 Stocks for Warren Buffett Fans
    Business
    Motley Fool

    3 Stocks for Warren Buffett Fans

    Just about everyone wants to know what famed investor Warren Buffett, the so-called Oracle of Omaha, owns and whether or not they should own those stocks, too. The answer, as with every investment decision, isn't usually a simple yes or no. Which is why these three Motley Fool investors have looked at the stocks that Buffett owns in his own portfolio or as CEO of Berkshire Hathaway to see which ones are most interesting today. Technology giant Apple Inc. (NASDAQ: AAPL), food maker The Kraft Heinz Company (NASDAQ: KHC), and tiny real estate investment trust Seritage Growth Properties (NYSE: SRG) all caught our attention -- but only for the right types of investors.

  • Toyota May Halt U.S. Imports of Some Models on Trump's Tariffs
    Finance
    Bloomberg

    Toyota May Halt U.S. Imports of Some Models on Trump's Tariffs

    Toyota Motor Corp. may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. The Japanese carmaker is busy analyzing scenarios about how tariff schemes could affect each of its car and truck lines, said Jim Lentz, chief executive officer for Toyota’s North American operations. Trump’s Commerce Department held a hearing Thursday on its probe into whether imports of passenger vehicles compromise U.S. national security.

  • Business
    InvestorPlace

    3 Things to Watch in Tuesday’s AT&T Earnings Report

    This year hasn’t been a great one for AT&T (NYSE:T) shareholders. T stock is down 19% since the end of December, as investors grapple with the impact of rising interest rates on dividend stocks, the uncertainty regarding the union of Time Warner and AT&T, and the fact that most of its key markets are not only quite competitive, but highly saturated. A reversal of fortune for struggling AT&T shares may be right around the corner.

  • 5 Top Stock Trades for Monday — Buy GE and Microsoft?
    Finance
    InvestorPlace

    5 Top Stock Trades for Monday — Buy GE and Microsoft?

    General Electric (NYSE:GE) and Microsoft (NASDAQ:MSFT) reported earnings and reacted in very different ways. Tesla (NASDAQ:TSLA) could be gearing up for a big move, too. Not long ago, General Electric (NYSE:GE) got the boot from the Dow Jones.

  • 3 Reasons I'm Not Worried About Netflix After Its Latest Report
    Business
    Motley Fool

    3 Reasons I'm Not Worried About Netflix After Its Latest Report

    Netflix (NASDAQ: NFLX) took a hit after its latest earnings report came out, as the company missed its own subscriber-growth forecast. Not surprisingly, the news sent jitters through the market as investors fretted about future subscriber growth. A single quarterly subscriber miss is totally understandable for Netflix.

  • 5 “Hated” Growth Stocks That You Shouldn’t Ignore
    Business
    InvestorPlace

    5 “Hated” Growth Stocks That You Shouldn’t Ignore

    For almost any investing strategy, growth stocks provide your portfolio with the extra lift necessary for robust success. If growth stocks go sideways, investors usually have no recourse other than to hope shares turn back up. Most growth stocks have already skyrocketed in the markets, leaving little room for capital appreciation.