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Intel CEO Brian Krzanich resigned on Thursday, after it was found that he had violated a company policy regarding relationships with co-workers. But the affair that put him in hot water had ended before he took over as CEO, the Wall Street Journal reported.
Nomura Instinet lowers its rating to neutral from buy for Intel shares, saying the search for the company's next CEO will add to concerns over its strategy. The analyst also cites Intel’s problems in moving to its next-generation chip manufacturing technology. Intel's INTC surprising management turnover will have a negative impact on its share price, according to Nomura Instinet.
A handful of Charlotte-area brands are among the nation's "most valuable," according to a newly released annual report from Brand Finance.
MarketWatch has highlighted issues with GE’s quarterly earnings and its love of nonstandard metricsBloombergJack Welch, from left, who served as GE’s chief executive from 1981 to 2001, was succeeded by Jeff Immelt, whose 16-year reign ended in 2017, when John Flannery became CEO. General Electric Co.’s decline over the last year feels, to paraphrase Hemingway, like it came slowly and then all at once, but investors who were paying attention to its financial reporting over the years shouldn’t have been surprised. MarketWatch has reported on issues with GE’s (GE) accounting for years, highlighting practices that we deemed at best confusing and potentially misleading for investors, if not actually in breach of Securities and Exchange Commission rules.
** S&P 500 falls for first time in five weeks, finishes down ~1 pct as U.S.-China trade tensions escalate ** Indeed, SPX and DJI see weak trade on the charts ** And DJI has its longest losing streak since ...
U.S. stock futures fall on Monday as investors react to the latest threats on tariffs from Donald Trump, who reportedly also plans to bar Chinese companies from investing in U.S. tech firms.
Apple Inc. has struggled to meet Wall Street’s expectations for iPhone units sales in recent quarters, but the company has surprised investors by getting consumers to pay ever more for its phones. The company’s strategy around its next iPhone launch will determine whether the trend continues. Morgan Stanley analyst Katy Huberty has weighed in on reports that Apple(AAPL) is going to give more attention to lower-cost phones when it releases its new iPhone this year, and she analyzed what such a strategy could mean for the company’s average selling prices.