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Yanks demote struggling starter Sonny Gray to the bullpen

It hasn't been a great year for embattled New York Yankees starting pitcher Sonny Gray. But there is a bright side: when he pitches now, he won't be expected to go more than one or two innings at a time.

  • GE to pay penalty if falls short of French job pledges: ministry
    Business
    Reuters

    GE to pay penalty if falls short of French job pledges: ministry

    General Electric's new CEO told France's finance minister on Wednesday that it would stick to his predecessor's French job pledges or pay a penalty, the Finance Ministry said. Former CEO John Flannery warned French Finance Minister Bruno Le Maire in June that the target was "out of reach", and the government raised the possibility of fines worth 50,000 euros ($57,570) for each job not created. GE's new CEO Larry Culp, who took up his post at the start of the month, told Le Maire in a meeting on Wednesday that France remained a strategic country for the company, the ministry said in statement.

  • Allegiant Travel (ALGT) Q3 Earnings Preview: How Are Events Shaping Up?
    Finance
    Zacks

    Allegiant Travel (ALGT) Q3 Earnings Preview: How Are Events Shaping Up?

    Allegiant Travel (ALGT) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2018, might help the stock move higher if these key numbers are better than expectations.

  • Ken Langone: 'Who the hell in their right frame of mind would be buying bonds now?'
    Business
    Yahoo Finance

    Ken Langone: 'Who the hell in their right frame of mind would be buying bonds now?'

    Billionaire investor and philanthropist Ken Langone, the founder of The Home Depot (HD) and chairman of Invemed Associates, argued that there’s some “big time” structural problems in the market right now. Because if we are on a trajectory of raising rates that means, and if it keeps going that way and I don’t know how high it will go, and it keeps going that way then all the sudden the guy who bought those bonds is going to be looking at a fairly decent loss,” Langone said.

  • A former GE exec who trained new managers found that almost all of them were making the same mistake
    Business
    Business Insider

    A former GE exec who trained new managers found that almost all of them were making the same mistake

    Beth Comstock is the former vice chair of General Electric. Comstock would hand out "permission slips" authorizing employees to take risks — but she also said it's important for people to stop hiding behind their excuses. Beth Comstock doesn't tolerate excuses.

  • Pfizer outlines early retirement program ahead of layoffs
    Business
    American City Business Journals

    Pfizer outlines early retirement program ahead of layoffs

    Pfizer Inc. is offering early retirement to U.S. workers ahead of layoffs early next year. The headcount reduction plan is part of a company-wide restructuring and will likely affect non-union workers. Pfizer told employees: The pharmaceutical giant is offering severance packages that pay a base salary of 12 weeks, plus three weeks of salary for every year of work (up to 104 weeks).

  • Could Enbridge Inc. Be a Millionaire-Maker Stock?
    Business
    Motley Fool

    Could Enbridge Inc. Be a Millionaire-Maker Stock?

    Enbridge (NYSE: ENB) has made its investors lots of money over the years. To put that into perspective, if an investor had bought $10,000 worth of Enbridge's stock 20 years ago, it would be worth about $116,000 today assuming they reinvested their dividends. While Enbridge has done an excellent job creating wealth for investors in the past, it faces an uphill battle in making them millionaires in the future.

  • ‘Wake ’n Bake,’ Plunging Stocks Greet Canada’s Legal Pot Debut
    Business
    Bloomberg

    ‘Wake ’n Bake,’ Plunging Stocks Greet Canada’s Legal Pot Debut

    Stores in St. John’s, Newfoundland were the first to sell recreational cannabis, followed by more than 100 outlets and websites opening across the country of 37 million people. “I’m super happy, this is an historic day for Canadians and for the world because we’re really setting a precedent here," said Isaac Langille outside a store in Halifax, where he bought the legal limit of 30 grams, spending C$344 ($264) on products from Aphria Inc. and Organigram Holdings Inc.

  • Steven Mnuchin, Who Sat on Sears' Board for Years, Could Impact the Pensions of Thousands of Workers
    Business
    Fortune

    Steven Mnuchin, Who Sat on Sears' Board for Years, Could Impact the Pensions of Thousands of Workers

    Long before he was Secretary of the Treasury, Steven Mnuchin was a student at Yale University. One of those was Eddie Lampert. Lampert, of course, is the recently departed CEO of Sears Holdings, which filed for Chapter 11 bankruptcy Monday.

  • ‘Mr. Wonderful’ staying on sidelines as legal pot comes to Canada
    World
    Yahoo Finance Video

    ‘Mr. Wonderful’ staying on sidelines as legal pot comes to Canada

    Recreational marijuana is now legal in Canada, but one prominent investor is staying on the sidelines. ‘Mr. Wonderful,’ Kevin O’Leary, says he won’t be putting his money into legal pot, for now. He spoke with Yahoo Finance’s Alexis Christoforous.

  • Boeing delivers first 737 Max 8 BBJ and unveils Max 7 luxury interior (Photos)
    Business
    American City Business Journals

    Boeing delivers first 737 Max 8 BBJ and unveils Max 7 luxury interior (Photos)

    Boeing has delivered its very first 737 Max 8 business jet to a paying customer. It's the first of 20 BBJ Max jets that buyers from around the world have ordered from the Chicago-based jetmaker since they went on sale. Boeing spokesman Dmitry Krol declined to identify the buyer of the jet, which is the second of its kind made at Boeing's Renton 737 factory.

  • 3 Stocks for Warren Buffett Fans
    Business
    Motley Fool

    3 Stocks for Warren Buffett Fans

    Warren Buffett has no shortage of acolytes, and it's easy to see why. The Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) chief and founder has made thousands of early investors in his conglomerate rich as the parent of businesses like GEICO car insurance and Burlington Northern Santa Fe railroad has posted average annual returns of 20% over the last 50 years, crushing the market. Buffett has never gotten too big for his britches, however.

  • Prince Harry Reunited With His 98-Year-Old 'Favorite' and Introduced Her to Meghan Markle
    News
    Time

    Prince Harry Reunited With His 98-Year-Old 'Favorite' and Introduced Her to Meghan Markle

    While greeting fans outside the Sydney Opera House on Tuesday, the Duke of Sussex was apparently overjoyed to spot royal admirer Daphne Dunne in the crowd. “I’m so glad I got to meet you,” the Duchess of Sussex told Dunne. Royal Tour: Harry introduces 98-year-old Daphne Dunne to his wife Meghan.

  • IBM disappoints, more Facebook accusations, Apple apologizes
    Business
    Yahoo Finance

    IBM disappoints, more Facebook accusations, Apple apologizes

    Here’s a look at some of the companies the Yahoo Finance team will be watching for you today. IBM investors aren’t thrilled with the latest earnings report. The company posted a beat on earnings but revenue missed. CEO Ginni Rometty says the results show

  • Legal pot in Canada putting pressure on US
    Business
    Yahoo Finance Video

    Legal pot in Canada putting pressure on US

    Canada’s moves to legalize recreational marijuana could have major impacts on the US. Yahoo Finance’s Alexis Christoforous speaks with Alexis Keenan about the state of legalization in this country.

  • Freeport CEO May Be Ready to Sell, But Are There any Buyers?
    Finance
    Bloomberg

    Freeport CEO May Be Ready to Sell, But Are There any Buyers?

    With its biggest stock overhang -- a deal around its flagship asset in Indonesia -- close to being solved, the miner has said all options are open, even potentially a sale of the entire company. Major miners, including Rio Tinto Group, have said they’re keen to boost production of copper, the industrial metal that’s benefiting from demand for new energy systems and rechargeable batteries. “I’m not sure there is a buyer for large-scale assets at premium in the market now,” Christopher LaFemina, an analyst at Jefferies LLC, said in a phone interview from New York.

  • Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves
    Business
    MarketWatch

    Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves

    After two consecutive off-the-mark quarters, falling short of its own forecasts for subscriber growth, Netflix Inc. hopes to put an end to the big swings in its stock price with some changes to its accounting. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day. From last quarter: Is Netflix stock falling down a mountain, or just tripping over a molehill?

  • Analysts Give Philip Morris a ‘Buy’ Rating before Its Q3 Earnings
    Business
    Market Realist

    Analysts Give Philip Morris a ‘Buy’ Rating before Its Q3 Earnings

    Can Philip Morris Outperform Analysts’ Expectations in Q3 2018? Of the 19 analysts that follow Philip Morris International (PM), 52.6% recommend a “buy,” 42.1% recommend a “hold,” and 5.3% recommend a “sell.” On average, analysts have set a price target of $91.69, which represents a potential return of 11.4% from its current stock price of $82.31. Berenberg cut PM’s target price from $85.00 to $84.00 on October 1.

  • Business
    Benzinga

    Kinder Morgan's Q3 Earnings Preview

    Kinder Morgan (NYSE: KMI) will be releasing its next round of earnings Wednesday. For all of the relevant information, here is your guide for the Q3 earnings announcement. Earnings and Revenue Analysts expect Kinder Morgan earnings of 21 cents per share

  • Finance
    TheStreet.com

    General Electric Rises on Reported Iraq Power-Generation Deal

    for a multi-billion-dollar deal to supply power to Iraq. Munich-based Siemens had been close to securing a contract to supply 11 gigawatts of power-generation equipment to Iraq, a deal worth about $15 billion, but then the Trump administration intervened on behalf of GE, the Financial Times reported, citing unnamed people familiar with the matter. The Trump administration reportedly pressured the Iraqi government, and now "GE is expected to take a substantial share of the sale," the Financial Times said.

  • Here's the Average Social Security Benefit for 2019
    Business
    Motley Fool

    Here's the Average Social Security Benefit for 2019

    Millions of seniors collect Social Security, and without it, they'd be underwater on their bills. At present, the average retiree gets $1,422 a month in Social Security benefits. There's a world of misinformation surrounding Social Security, and perhaps one of the most detrimental myths out there is the notion that the program is enough to sustain seniors by itself.

  • Better Buy: The Home Depot, Inc. vs. Lowe's
    Business
    Motley Fool

    Better Buy: The Home Depot, Inc. vs. Lowe's

    Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) have helped countless homeowners increase the value of their homes. They've also made many investors rich. With their shares having soared 879% and 484%, respectively, over the past decade, Home Depot and Lowe

  • Why Marijuana Stocks Cronos Group, Canopy Growth, and Tilray Jumped Today
    Business
    Motley Fool

    Why Marijuana Stocks Cronos Group, Canopy Growth, and Tilray Jumped Today

    The stock market pulled back on Monday, with major benchmarks failing to build on the positive momentum from last Friday. Cronos Group (NASDAQ: CRON), Canopy Growth (NYSE: CGC), and Tilray (NASDAQ: TLRY) were among the best performers. All three of these stocks have something in common: They all stand to benefit from Wednesday's effective date for legal sales of recreational cannabis product in Canada.

  • What Is AT&T’s Outlook after the Major Market Sell-Off?
    Business
    Market Realist

    What Is AT&T’s Outlook after the Major Market Sell-Off?

    What Investors Should Know about AT&T’s Growth Prospects (Continued from Prior Part) Shareholder returns and stock trends AT&T (T) stock fell ~3.4% on October 11 and closed at $31.75 as part of the significant sell-off in the tech sector. Based on that

  • Marijuana Stocks to Watch in October -- and Into 2019
    Business
    Motley Fool

    Marijuana Stocks to Watch in October -- and Into 2019

    Tomorrow, Wednesday, Oct. 17, Canada will become the first industrialized county in the world where marijuana is legal for adult recreational use -- and only the second country, along with Uruguay, where such use is legal.  Not only does this open up

  • AT&T (T) Q3 Earnings Preview: How Are Events Shaping Up?
    Finance
    Zacks

    AT&T (T) Q3 Earnings Preview: How Are Events Shaping Up?

    The market expects AT&T (T) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 24.