General Electric expects healthy growth in China this year, despite mounting concerns about the economy, its CFO said.» Read More
The sharp stock market decline last week doesn't look like it will continue this week, Jonathan Golub, chief U.S. market strategist at RBC Capital, told CNBC on Monday.
Like thunderstorms cooling an overheated landscape, more selling could rumble through the stock market in the coming week.
NEW YORK, April 13- The wrenching selloff in U.S. high-growth technology and biotech shares could leave investors braced for more than a minor pullback when earnings pick up speed this week.
NEW YORK— Is the selling over or has it just begun? That's the question investors are asking after the biggest weekly drop in the Standard and Poor's 500 index since January. "The market has been trying to come back, but each time the selling just picks up," said Quincy Krosby, a market strategist at Prudential.
"There's skepticism among investors about the outlook, and we're getting into the first-quarter earnings season, so you're going to see some positioning," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.
When will the selling stop? For insights, Jim Cramer will be watching these earnings in the week ahead.
General Electric Co. fell$. 15 or. 6 percent, to $25.43. Snap-On fell$. 65 or. 6 percent, to $109.36. Whirlpool Corp. rose$. 40 or. 3 percent, to $147.78.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 2 percent to $35.20 with 34,303,500 shares traded. Alcoa Inc. fell 1.3 percent to $12.54 with 44,879,300 shares traded.
It's Talking Squawk, the official "Squawk Box" blog, this week with Bill Miller on bitcoin, a truce between eBay and Carl Icahn, and Sam Zell on taxes.
General Electric Co. rose$. 10 or. 4 percent, to $26.05. Snap-On fell$. 50 or. 4 percent, to $111.73. Whirlpool Corp. rose$. 04 or percent, to $150.12.
April 10- IT services provider iGate Corp reported better-than-expected quarterly results as it added more customers, and revenue rose in Europe and from its financial industry clients. IGate shares rose 3 percent in premarket trade on Thursday. IGate expects adjusted EBITDA margins to be modestly lower in the second quarter due to a planned wage increase.
CINCINNATI— The General Electric Co. plans to build a new U.S. global operations center in the Cincinnati area, bringing an expected 1,400 jobs to southwest Ohio. The Cincinnati area center will be one of five such centers around the world that will combine functions such as finance and information technology in the same place, GE said.
General Electric Co. rose$. 20 or. 8 percent, to $25.95. Snap-On rose $1.90 or 1.7 percent, to $112.23. Whirlpool Corp. rose $2.10 or 1.4 percent, to $150.08.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 1.0 percent to $34.92 with 29,859,800 shares traded. Alcoa Inc. rose 3.8 percent to $13.00 with 47,961,300 shares traded.
General Electric Co. fell$. 01 or. 1 percent, to $25.74. Snap-On rose $1.10 or 1.0 percent, to $111.43. Whirlpool Corp. rose $1.37 or. 9 percent, to $149.35.
Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top $2.1 trillion.
*GE tops list, followed by Microsoft, Pfizer, Merck, Apple. WASHINGTON, April 8- Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top $2.1 trillion, said a private research firm's report, prompting a call for reform by the Senate's top tax law writer.
General Electric Co. fell$. 06 or. 2 percent, to $25.79. Snap-On fell$. 15 or. 1 percent, to $109.73. Whirlpool Corp. rose$. 23 or. 2 percent, to $148.05.
"PTSD is the big giant elephant in the boardroom that a lot of people worry about but nobody talks about," a psychiatrist says.
General Electric Co. fell$. 17 or. 7 percent, to $25.85. Snap-On fell $1.92 or 1.7 percent, to $109.88. Whirlpool Corp. fell $4.18 or 2.8 percent, to $147.82.