• U.S. Says Accused Apple Secrets Thief Had Patriot Missile File
    Bloomberg

    U.S. Says Accused Apple Secrets Thief Had Patriot Missile File

    (Bloomberg) -- When U.S. prosecutors charged an Apple Inc. engineer in January with stealing trade secrets for a Chinese startup, a search of his home turned up something else, they said: a classified file from the Patriot missile program that belonged to his ex-employer, Raytheon Co.The discovery has added a striking national security wrinkle to an otherwise routine corporate espionage case, and the government says it merits keeping Jizhong Chen under close scrutiny.The Patriot document was discovered among numerous electronic devices and paper files from Chen’s former employers including General Electric -- some of which were stamped “confidential,” according to prosecutors.Chen, a U.S. citizen who was arrested on his way to catch a flight to China, is awaiting trial on charges that he collected photos, schematics and manuals from his work on Apple’s tightly guarded self-driving car project as he prepared to take a job with an unidentified rival.He has pleaded not guilty and remains free on $500,000 bail. But prosecutors argue the stash of sensitive data found in Maryland justifies subjecting him to location monitoring with an electronic device so he doesn’t disappear before his trial.Lawyers representing Chen and a second former Apple engineer facing similar charges -- who is also fighting prosecutors over the need for location monitoring -- contend the government is exaggerating the risk they’ll try to flee.The 2011 document relating to one of Raytheon’s best-known weapons was so secret that it “was not (and is not) permitted to be maintained outside of Department of Defense secured locations,” prosecutors said in an Oct. 29 filing that hasn’t previously been reported on by the media. Chen “has, for over eight years, illegally possessed classified national security materials taken from a former employer.”How a classified document ended up at an engineer’s home raises provocative questions, but they’re unlikely be answered in open court at a hearing set for Monday. A prosecutor and an attorney for Chen both declined to comment ahead of the hearing. A Raytheon spokeswoman didn’t respond to a request for comment.Read More: Tesla to Apple: Help Us Nail Robocar-Secrets Thief at China FirmAfter prosecutors first raised concerns about the evidence they found in Maryland, a magistrate judge agreed in March to extend an electronic monitoring requirement to give the government time to investigate. She finally ordered an end to the monitoring in October -- and prosecutors are now asking a district judge to overrule her.Lawyers for Chen say prosecutors have had enough time to present further evidence of criminal conduct. They also note that the federal office that supervises defendants on probation has concluded monitoring is no longer necessary because Chen has complied with all the conditions of his release and found full-time employment.Daniel Olmos represents both Chen and Zhang Xiaolang, who also worked on Apple’s autonomous driving project before he was arrested in July 2018 and accused of trying to take the company’s trade secrets to China-based XMotors. The lawyer makes an argument that goes to the heart of the cases against both men: There’s no evidence that Apple’s intellectual property was shared with a third party. That’s significant because possession of the information alone isn’t necessarily a crime.Olmos also contends that each of the engineers has strong ties in the U.S. and the trips they were about to take to China when they were arrested were planned for the purpose of visiting relatives, not escaping prosecution.“The government’s argument that Mr. Zhang poses a flight risk because he is a Chinese citizen is insufficient to warrant GPS monitoring,” Olmos said in a filing. “Mr. Zhang has full-time employment, a new family, and no travel documents.”The cases are U.S. v. Chen, 19-cr-00056, and U.S. v. Zhang, 18-cr-00312, U.S. District Court, Northern District of California (San Jose).To contact the reporters on this story: Peter Blumberg in San Francisco at pblumberg1@bloomberg.net;Robert Burnson in San Francisco at rburnson@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Anthony Lin, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Pentair plc (PNR): Are Hedge Funds Right About This Stock?
    Insider Monkey

    Pentair plc (PNR): Are Hedge Funds Right About This Stock?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Did Hedge Funds Drop The Ball On Applied Industrial Technologies, Inc. (AIT) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Applied Industrial Technologies, Inc. (AIT) ?

    Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]

  • Is Sally Beauty Holdings, Inc. (SBH) A Good Stock To Buy ?
    Insider Monkey

    Is Sally Beauty Holdings, Inc. (SBH) A Good Stock To Buy ?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 752 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • Is BorgWarner Inc. (BWA)  A Good Stock To Buy ?
    Insider Monkey

    Is BorgWarner Inc. (BWA) A Good Stock To Buy ?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Sally Beauty (SBH) Down 5.7% Since Last Earnings Report: Can It Rebound?
    Zacks

    Sally Beauty (SBH) Down 5.7% Since Last Earnings Report: Can It Rebound?

    Sally Beauty (SBH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Hedge Funds Love Lattice Semiconductor (LSCC) Way More Than These Stocks
    Insider Monkey

    Hedge Funds Love Lattice Semiconductor (LSCC) Way More Than These Stocks

    Is Lattice Semiconductor Corporation (NASDAQ:LSCC) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their […]

  • Here's What We Like About BancorpSouth Bank (NYSE:BXS)'s Upcoming Dividend
    Simply Wall St.

    Here's What We Like About BancorpSouth Bank (NYSE:BXS)'s Upcoming Dividend

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see BancorpSouth...

  • Emirates, unnamed Asian airline order Boeing 777X flight simulators
    American City Business Journals

    Emirates, unnamed Asian airline order Boeing 777X flight simulators

    Flight simulator maker CAE sold three Boeing 777X flight simulators to Qatar Airways, Lufthansa Aviation Training and recently took an order from an Asian airline.

  • Trade General Electric Stock With Confidence
    InvestorPlace

    Trade General Electric Stock With Confidence

    The easy long-term thesis on General Electric (NYSE:GE) stock is that given time, it will recover some luster. This means a smart investor could hold it for years.Source: Carsten Reisinger / Shutterstock.com The concept here is very simple: Have patience and wait out the headlines from messy turnaround efforts. But unsurprisingly, this is easier said than done. Each talking head has a loud opinion, and each claims supremacy.Meanwhile, for the short term, the charts offer a road map to actively trade GE stock. This year I shared two write-ups that yielded results, and neither of them was an emphatic statement on the fundamentals. Those are still too murky for us to properly gauge.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome in the media opine on General Electric stock as if they are the only experts on it. Most notable is JPMorgan analyst Stephen Tusa who placed a $5 price target on GE stock last month. This came after the company's 20% post-earnings rally. His note hit the brakes and caused a 6% fade. Traders Need the ChartsSource: Charts by TradingViewSource: Charts by TradingViewThe proper way to trade GE stock is by being humble and studying the short-term price action for guidance. The charts' technical aspects contain a wealth of clues on direction and distance. Charts can map where the bull or bear opportunities lie, and what potential they offer. * 7 Hot Stocks for 2020's Big Trends For General Electric stock, the battle is currently ongoing over the resistance neckline near $12, versus the potential pitfall down to fill the open gap to $9 per share. While this is not a forecast, it is a scenario that currently exists.The stock is now falling back into the neckline that was resistance from March through July of this year. It is likely to be contentious on the way down. Buyers and sellers are likely to battle it out, thereby creating support. Moreover, $10.20 is GE's 2019 point of control. This is where the trading volume was heaviest. That means $10.20 also becomes a support zone on the way down. Therefore, the bulls have help since they have strong footing below. So, dips should remain opportunities to take bullish bets.The next opportunities from here are if the GE stock price breaks above $11.20. If it does, the bulls can rebuild the momentum to breach the $11.80 roof.Conversely, if the bears are able to breach through the $10.40 zone, they would invite more sellers to fill the gap to $9 per share. Patience is key, so it's best to wait for the breach of either side before chasing it. Anticipating an opportunity often causes bad timing and puts the investor at a disadvantage to the other side of the trade. The person with the best read on levels is likely to win. Don't Overthink General Electric StockIf your goal is to invest in GE stock, not simply to trade the short term, then the setup is easy. I would simply plug my nose and buy it.The idea behind this advice is that management is working to fix this once-iconic corporation. I bet that they will find a way to repair the damage. Meanwhile, the stock is broken but it still is a trading vehicle. The media complicates things by highlighting expert opinions and ratings, but the truth is that it merely needs time to heal.Fundamentally, GE sports a high price-to-earnings ratio but this is tolerable since it is a company in transition. The typical metrics may not adequately apply to it yet. Besides, it only sells at 0.8 times sales, so from the top-line perspective it is not bloated.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post Trade General Electric Stock With Confidence appeared first on InvestorPlace.

  • MarketWatch

    GE to keep its quarterly dividend at a penny a share

    General Electric Co. said Friday it will pay a quarterly dividend of a penny a share, which means the industrial conglomerate will be keeping it at that lowered rate for over a year. The dividend will be payable Jan. 27 to shareholders of record on Dec. 23. GE's stock was up 2.0% in afternoon trading. At current prices, the stock's dividend yield is 0.36%, compared with the yield for the SPDR Industrial Select Sector ETF of 1.94% and the implied yield for the S&P 500 of 1.89%, according to FactSet. GE had slashed its dividend to a penny per share from 12 cents last year in an effort to preserve cash. That first 1-cent dividend was paid out on Jan. 25, 2019 to shareholders of record Dec. 20, 2018. GE's stock has run up 55.8% over the past 12 months, while the industrial ETF has gained 16.1% and the S&P 500 has advanced 16.8%.

  • Barrons.com

    Saudi Aramco Has Eclipsed Apple. Size May Not Matter.

    The largest public company in the world as measured by market capitalization is now Saudi Arabian Oil Co. Investors may be put off by the bigness, but history shows it has little bearing on stock performance.

  • Is MGIC Investment (MTG) a Great Value Stock Right Now?
    Zacks

    Is MGIC Investment (MTG) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Here's What MGIC Investment Corporation's (NYSE:MTG) P/E Ratio Is Telling Us
    Simply Wall St.

    Here's What MGIC Investment Corporation's (NYSE:MTG) P/E Ratio Is Telling Us

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...

  • 20 businesses that died in the 2010s
    Yahoo Finance

    20 businesses that died in the 2010s

    Yahoo Finance takes a look back at some of the biggest corporate busts of the last decade.

  • Larry Culp’s General Electric Depends on Restructuring Plan
    InvestorPlace

    Larry Culp’s General Electric Depends on Restructuring Plan

    Since becoming General Electric (NYSE:GE) CEO in October 2018, Larry Culp has made the company a favorite of turnaround lovers.Source: Sergey Kohl / Shutterstock.com If you picked up some shares one year ago, you're sitting on a gain of 54%. But it's all a matter of timing. If you bought the day Culp joined, you're still down 14%.The glory days of Jeff Immelt, when this was a $30 stock and a dividend aristocrat, are gone forever. Culp has frozen pensions, leading to talk of a general "pension crisis" sweeping the world.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut Culp has also remade his executive team, made hard decisions on what to keep and let new hires make forward-looking statements.From here, everything depends on execution. Hard DecisionsCulp's hardest decision may have been to let General Electric's biopharma unit go to his former employer, Danaher (NYSE:DHR). The cash is desperately needed to firm up the balance sheet, which still had $76 billion of debt on it, against a market capitalization of $94 billion, in September. * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping As I wrote in July, those numbers understate the case. The company also has $74 billion of "other liabilities" -- pensions and risks from old long-term care policies -- to deal with.The pension freeze helps with the former. The latter is a 25-year old legacy from former CEO Jack Welch, who took on re-insurance for long-term care policies before the cost of nursing care became apparent. Activists want Welch to turn in his retirement payout, as well as Immelt, whom I consider the greatest destroyer of shareholder value the world has ever known. It ain't happening. The New ToneThese moves have created a new tone around the company. Product rollouts are now called victories and buzzwords like "citizen developer" are gaining traction.Some analysts are coming around. Home Depot (NYSE:HD) co-founder Ken Langone says he likes General Electric again, saying Culp "is doing a hell of a job."But this is only tone. General Electric under Culp remains much as it was under Immelt and his successor, John Flannery, an industrial machine company. GE Power remains a drag on results, although the company now makes more from renewable energy equipment like wind turbines. Healthcare is mostly big machines. Boeing (NYSE:BA) remains a drag on GE Aviation, and GE Capital can no longer soften the blows.For the third quarter, General Electric reported a loss of nearly $6 billion, 69 cents per share, on revenues of $23.4 billion. Culp emphasized that losses from continuing operations were just 8 cents per share. He showed $650 million in industrial free cash flow. He also pointed to a backlog of orders that now totals $386 billion, mostly for jet engines and industrial turbines. Since then the shares are up 9%, against a 2.5% gain for the average S&P 500 stock.Not everyone is convinced. JPMorgan Chase (NYSE:JPM) analyst Stephen Tusa, who saw the Immelt disaster coming and may wear the label "GE Bear" to his grave, says General Electric is still missing targets set only in March. He believes numbers look good only because of restructured spending. The Bottom Line on General ElectricGeneral Electric remains an industrial goods company. Industrial goods are not a great business to be in. The company continues to struggle with enormous debt. The amount it will owe on those long-term care policies remains uncertain.I continue to wish Culp well, but from the sidelines. General Electric is, at best, a speculation. If you buy shares today, you're betting it can generate big profits from industrial revenue, and that it can grow. Hope is still not a plan.Dana Blankenhorn is a financial and technology journalist. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping * 6 Manufacturing Stocks to Buy as the Economy Recovers * The 7 Best Cryptocurrencies to Buy as Blockchain Heats Up The post Larry Culp's General Electric Depends on Restructuring Plan appeared first on InvestorPlace.

  • GuruFocus.com

    Just One Thing: 'Skill and Information Are Your Remedies'

    The challenge of gathering the inside information you need to make investing decisions Continue reading...

  • Stanley Druckenmiller's Top 4 Buys in the 3rd Quarter
    GuruFocus.com

    Stanley Druckenmiller's Top 4 Buys in the 3rd Quarter

    Former Soros partner’s top buys include GE and 2 new holdings Continue reading...

  • Urbem's 'Wonderful Business' Series: NIC Inc.
    GuruFocus.com

    Urbem's 'Wonderful Business' Series: NIC Inc.

    A growing toll bridge business on the cloud with moderate risks Continue reading...

  • Ryanair Trims Summer 2020 Growth View Due to Delivery Delays
    Zacks

    Ryanair Trims Summer 2020 Growth View Due to Delivery Delays

    The extended grounding of the Boeing 737 MAX aircraft and the consequent delay in its delivery weigh on Ryanair's (RYAAY) summer travel plans.

  • Here's Why We Think Jefferies Financial Group (NYSE:JEF) Is Well Worth Watching
    Simply Wall St.

    Here's Why We Think Jefferies Financial Group (NYSE:JEF) Is Well Worth Watching

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

  • Does Independent Bank Corp.'s (NASDAQ:INDB) CEO Pay Matter?
    Simply Wall St.

    Does Independent Bank Corp.'s (NASDAQ:INDB) CEO Pay Matter?

    Chris Oddleifson has been the CEO of Independent Bank Corp. (NASDAQ:INDB) since 2003. This analysis aims first to...

  • Why Is Bausch (BHC) Up 8.2% Since Last Earnings Report?
    Zacks

    Why Is Bausch (BHC) Up 8.2% Since Last Earnings Report?

    Bausch (BHC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Ryanair CEO denies accusation of bullying former operations chief
    Reuters

    Ryanair CEO denies accusation of bullying former operations chief

    Ryanair chief executive Michael O'Leary on Wednesday dismissed accusations that he bullied and forced out his former operations chief Peter Bellew, telling a court he was a highly paid professional who had failed to deliver. Bellew resigned as Ryanair Chief Operations Officer in July and the Irish low-cost carrier, Europe's largest, has asked the Irish High Court to delay his departure to arch-rival easyJet , saying he is subject to a 12-month non-compete clause. Former Malaysia Airlines boss Bellew denies he is subject to the clause and plans to start working with the British airline at the start of next year.

  • Ryanair blames Boeing MAX delays for possible job cuts
    Reuters Videos

    Ryanair blames Boeing MAX delays for possible job cuts

    Ryanair says it's going to close two of its bases, putting jobs at risk. And it says delayed deliveries of Boeing's troubled MAX jets are to blame. The budget airline says it will only get ten of the planes next year, instead of an already revised total of 20. It had originally expected to have 58. But last month it warned it might not have any at all in time for the busy summer season. Delays have mounted following the worldwide grounding of the type. The MAX has been out of action since March following two fatal crashes. Now Ryanair says it will have to close bases at Nuremberg in southern Germany, and at Stockholm Skavsta Airport. As a result it's lopped one million off its forecast passenger numbers for the full year in 2021. The Irish carrier says it's working with Boeing, unions and affected airports to minimise the impact of the closures.