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Economy

Ford , the great-grandson of company founder Henry Ford, said he expects the 62-year-old Hackett to be in the job "for a good, long time ". Bill Ford said it's critical that teams have the power to move fast and make decisions, and Hackett will take the lead in making sure teams feel empowered to execute quickly.
  • Hewlett Packard Enterprise Co (HPE) SVP Sells $577799.85 in Stock

    Economy

    Teachers Retirement System of The State of Kentucky now owns 793,637 shares of the technology company's stock valued at $18,809,000 after buying an additional 3,800 shares during the period. Ricci sold 6,460 shares of the firm's stock in a transaction on Thursday, May 25th. Analysts have a mean recommendation of 3.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
  • Ohio Sues Five Drug Firms, Saying They Fueled Opioid Crisis

    Ohio Sues Five Drug Firms, Saying They Fueled Opioid Crisis

    Economy

    The drugmakers sued by DeWine are Purdue Pharma; Endo Health Solutions; Teva Pharmaceutical Industries, and its subsidiary, Cephalon; Johnson & Johnson and its subsidiary Janssen Pharmaceuticals; and Allergan . Nearly 2 million Americans either abused or were dependent on prescription opioid painkillers in 2014, according to the CDC. Teva Pharmaceuticals says it's still reviewing the lawsuit and is unable to comment.
  • US pending home sales fell again in April

    US pending home sales fell again in April

    Economy

    But the association says its Realtor members report foot traffic that is higher than it was last April. Mortgage applications fell 3.4 percent last week as rates remained steady but the housing inventory stayed lean. Yun, NAR's 2017 President William E. Brown and Berkeley Hass Real Estate Group Chair Ken Rosen are among the prominent experts scheduled to speak. First-time buyers were 34 percent of sales in April, which was the highest since last September and July 2012.
  • Greek govt official describes blast as attack

    Economy

    Former prime minister Costas Simitis and George Papandreou also visited the hospital along government spokesman Dimitris Tzanakopoulos and the Governor of the central Bank of Greece Yannis Stournaras. Prime Minister Alexis Tsipras, who is attending a North Atlantic Treaty Organisation summit in Brussels, has been informed of the incident, ANA said.
  • Merkel says Germany can't rely on USA or Trump

    Economy

    President Donald Trump is expected to withdraw from the Paris climate agreement, two senior US officials familiar with his plans said Wednesday. "If Mr. "This would be a colossal mistake", said Nick Burns, who served as under secretary of state during George W. Bush's administration. There have been influential voices urging Trump not to ditch the Paris accord.
  • JPMorgan, BofA Trading Revenue on Pace to Drop at Least 10%

    JPMorgan, BofA Trading Revenue on Pace to Drop at Least 10%

    Economy

    About 5,551 shares traded. ( NYSE : JPM ). Delta Asset Mgmt Ltd Liability Corp Tn stated it has 15,109 shares or 0.22% of all its holdings. It has underperformed by 8.24% the S&P500. (NYSE:JPM). George Kaiser Family Foundation reported 1.11% of its portfolio in JPMorgan Chase & Co. The stock has "Outperform" rating by Credit Agricole on Tuesday, August 25.
  • Three Mile Island Nuclear Plant Faces Premature Retirement

    Three Mile Island Nuclear Plant Faces Premature Retirement

    Economy

    Three Mile Island isn't alone: FirstEnergy Corp. has said it could decide next year to sell or close its three nuclear plants - Davis-Besse and Perry in OH and Beaver Valley in Pennsylvania . Power demand in the US has been flat for almost a decade, creating a battle for market share between different generation sources. Exelon employs 675 people at the plant.
  • ISIS claims responsibility for Egypt bus attack; 29 Christians killed

    ISIS claims responsibility for Egypt bus attack; 29 Christians killed

    Economy

    The Egyptian Cabinet, meanwhile, said 13 victims of Friday's bloodshed remained hospitalized in Cairo and Minya province, where the attack took place. Egypt's air force launched strikes on suspected "terrorist camps" in Libya after a bus attack on Christians earlier Friday, the government announced.
  • Barclays to surrender control of Africa unit with £1.6bn sale

    Barclays to surrender control of Africa unit with £1.6bn sale

    Economy

    Barclays is partly relying on funds raised from the sale to meet capital requirements that were identified as a concern by the Bank of England in a November "stress test" aimed at gauging its ability to withstand financial shocks. Based on Barclays Africa's closing share price of 139 rand a share, the market value of the stake being sold is around 1.52 billion pounds. BAGL - which includes the South African branch network Absa - was created in 2013 when 12 banks across the continent were ...