GE Giving Up

GE to Give Up Majority Control of Baker Hughes

At least one write down is coming when General Electric Co. reports its third-quarter earnings results next month. The struggling industrial giant is selling off another chunk of its stake in Baker Hughes as CEO Larry Culp scrounges up more cash to fund his turnaround strategy...

By | September, 11, 2019|Categories: Articles, Featured|Tags: , , , , , |0 Comments

Elliott Management Going After AT&T

AT&T Targeted by Elliott Management

Elliott Management, a top activist shareholder firm, disclosed Monday that it has taken a $3.2 billion stake in AT&T. In a letter to AT&T’s board, Elliott Management partner Jesse Cohn and associate portfolio manager Marc Steinberg wrote that AT&T's stock could potentially surge to above $60 a share by 2021...

By | September, 10, 2019|Categories: Articles, Featured|Tags: , , , , , , |0 Comments

eBay Beats Easily

eBay’s Profit Outlook

eBay Inc. raised its profit outlook and notched better-than-expected quarterly results but continued to show sluggish revenue growth. The online marketplace said on Wednesday its second-quarter revenue rose 2% to $2.7 billion, slightly ahead of its own forecast...

By | July, 18, 2019|Categories: Articles, Featured|Tags: , , , |0 Comments