NEW YORK, Nov 20- Americans may need an extra helping of patience this Thanksgiving weekend, with the largest number of travelers in a decade expected to hit the road or board flights to celebrate with family and friends after a prosperous year for many. "This is translating into more travelers kicking off the holiday season with a Thanksgiving getaway."
It also highlights the problems at GE Power. "One of my top priorities is positioning our businesses to win, starting with GE Power," Culp said in a statement. GE also named Scott Strazik, CEO of GE Power's repair and maintenance business, to be CEO of Gas Power, overseeing both equipment sales and services.
"One of my top priorities is positioning our businesses to win, starting with GE Power," Culp said in a statement. GE Power's current Chief Executive Officer, Russell Stokes, will become CEO of other power activities, including nuclear and coal power, steam, transmission grids and power conversion. GE Power's profits have plunged as demand for gas turbines has...
**FRANKFURT- ECB Chair of the Supervisory Board Daniele Nouy participates in conversation at the 19th Handelsblatt Annual Conference "EBR European Banking Regulation" in Frankfurt, Germany- 0915 GMT. LONDON- Bank of England Executive Director for UK Deposit Takers Supervision James Proudman speaking on' Cyborg Supervision- The Application of Advanced...
Once all the holiday gift lists have been checked off, there will be plenty of great deals for travelers looking to get away.
**FRANKFURT- ECB Chair of the Supervisory Board Daniele Nouy participates in conversation at the 19th Handelsblatt Annual Conference "EBR European Banking Regulation" in Frankfurt, Germany- 0915 GMT. LONDON- Bank of England Executive Director for UK Deposit Takers Supervision James Proudman speaking on' Cyborg Supervision- The Application of Advanced...
*Sterling recovers as key Brexiteers back UK PM May's plan. NEW YORK, Nov 16- The dollar fell broadly on Friday in the wake of cautious comments from two U.S. The greenback fell to one-week lows versus the euro and a two-week trough against the yen following comments from Fed Vice Chair Richard Clarida, who told CNBC television he saw some evidence that global growth...
Wall Street has been struggling with uncertainty over U.S. congressional midterm elections, the path of interest rate hikes possibility corporate earnings have already peaked. After an October that saw the S&P 500 slump nearly 7 percent, Wall Street has struggled to find its footing, rising 0.7 percent so far in November. "Of all the other factors, the consumer...
SAN FRANCISCO, Nov 14- Bain Capital Ventures, the venture capital division of the eponymous Boston- based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors. Bain Capital Ventures, which has backed LinkedIn and Jet.com, told Reuters that $650 million would go into one fund,...
*Boeing drops on Lion Air concerns. Investors largely took heart from signs of progress in trade talks with China, after the Trump administration's top economic adviser Larry Kudlow said Washington was talking again with Beijing on trade, calling it a "very positive" development. "The market will certainly welcome a trade deal at the end of the month and it has not...
HOUSTON, Nov 13- General Electric Co on Tuesday unveiled a plan to raise about $4 billion by accelerating a proposed sale of a stake in oilfield services provider Baker Hughes, its latest move to simplify its businesses and reduce debt. Based on Tuesday's share price of $23.76, the sale would raise around $3.97 billion. GE, which bought Houston- based Baker Hughes in...
The announcement ends a year-long courtship by cities and metropolitan areas across North America.
*Appointment follows Musk fraud settlement with SEC. Nov 8- Tesla Inc has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker's wayward chief executive who has dragged the company through months of turbulence. She is finance chief at Australian...
BOSTON, Nov 8- Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla and Alibaba shares reaches a frenzy. Global money managers generated nearly $6 billion in revenue during the first half of the year, loaning out stocks and bonds...
NEW YORK, Nov 7- Most major stock markets rose on Wednesday after the U.S. midterm election divided control of Congress, while expectations of political gridlock in Washington weighed on the dollar. Gridlock is fine, lets get on with things and worry about the fundamental issues like earnings, the, "said David Joy, chief market strategist at Ameriprise Financial in...
Silicon Valley is the world's elite technology hub, attracting top talent and start-ups, but more workers and young companies are leaving San Francisco for cities across the rest of the U.S., like Pittsburgh and Philadelphia.
HOUSTON/ BOSTON Nov 1- Federal prosecutors have launched a criminal investigation of utility company NiSource Inc over gas explosions and fires in three Massachusetts communities that killed one person and injured at least 21 others in September, the company disclosed on Thursday. Grand jury subpoenas were served to NiSource and its subsidiary Columbia...
HONG KONG/ SHANGHAI, Oct 30- As China's yuan approaches the 7 to the dollar barrier, investors are betting authorities will eventually let the currency fall beyond the historic level. Yet they are just as confident that China won't allow the kind of capitulation seen in past market meltdowns. "It is natural that people in China want to hedge themselves," said Cliff...
HONG KONG/ SHANGHAI, Oct 30- As China's yuan approaches the 7 to the dollar barrier, investors are betting authorities will eventually let the currency fall beyond the historic level. Yet they are just as confident that China won't allow the kind of capitulation seen in past market meltdowns. "It is natural that people in China want to hedge themselves," said Cliff...
LONDON, Oct 26- With 63 percent of MSCI's global index now in a "bear" market, world stocks look oversold but global equity funds nevertheless attracted inflows of $8.5 billion over the past week, Bank of America Merrill Lynch said on Friday. But emerging equity funds took in $2.6 billion, the highest inflow in seven months, while Japanese funds received $5.3 billion.
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