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GE CEO Larry Culp Today has a chance to attract more investors by clarifying the conglomerate's strategy when it will expose, along with other GE executives, their financial projections for 2019. Although Culp paved the way for GE's books, disrupted his board of directors and detached new leaders in troubled divisions such as power and insurance, he still faces many skeptics. According to Refinitiv, out of 19 analysts who cover GE, 9 rate stock-holding or high-selling, 10 buying or buying strong.
Federal prosecutors are conducting a criminal investigation into data deals that Facebook (NASDAQ: FB) has entered into with some of the world's largest tech companies as the social media giant seeks to recover from a year of scandal and setbacks , NYT reports. A New York grand jury has summoned records of at least two leading manufacturers of smartphones and other devices, which had broad access to the personal information of hundreds of millions of Facebook users. FB -2.3% before marketing.
Meanwhile, Instagram is back after a partial failure, but the application of Facebook (FB) still seems to be down for some users for more than 17 hours. Although the problem is not related to distributed denial of service or distributed denial of service (DDoS) attacks, Facebook has informed users that it is working to resolve the issue as quickly as possible. The company also told Bloomberg that it was investigating "the possibility of reimbursement for advertisers".
Bringing a little life Walmart (NYSE: WMT) plans to introduce an inexpensive and child-friendly tablet computer under the brand name ONN. The device, which will be manufactured by a Chinese supplier and runs Android, is part of a broader overhaul of Walmart's electronic department. It also opens the door to more retail giant shelves, assuming the effort eventually succeeds.
A salary increase of 5% (to $ 18.4 million) Wells Fargo (NYSE: WFC) told its CEO, Tim Sloan for 2018, that the Fed issued an unusual statement that it would not sign executive compensation. "The Federal Reserve does not approve compensation packages, and we expect boards to hold management accountable," said a spokesman. Wells Fargo shares dropped 25% in 2018, underperforming its main rivals.
Johnson & Johnson -1.5% before the sale After a California jury, $ 29 million was awarded to a woman who had said that asbestos in the company's talc-based products had caused her cancer. The verdict marks the latest defeat of the health care group facing more than 13,000 talc-related lawsuits across the country. J & J (NYSE: JNJ) said it would appeal, citing "serious procedural and evidentiary errors".
Fiat Chrysler recalls nearly 865,000 vehicles that do not meet US emission standards, after claiming to have manufactured cars emitting more pollution than it was legally allowed. Fiat (NYSE: FCAU) said that on-road vehicle tests showed a deterioration in the performance of catalytic converters, but refused to estimate the cost of the recall, to say that costs had been taken into account in the fourth quarter of 2018.
A group of investors Led by SoftBank (OTCPK: SFTBY) and Toyota (NYSE: TM) would be under discussion to invest $ 1 billion or more in the UBER Autonomous Vehicle Division (UBER), which would value the unit between $ 5 and $ 10 billion of dollars. The investment would provide an injection of funds to the start-up that was losing money and could help highlight the value of Uber as the finance company prepares for its stock market debut.
Tesla will unveil his highly anticipated crossover tonight, called the Model Y, during a special event that can be broadcast live from 20:00. PT. While Model 3 tested Tesla's (NASDAQ: TSLA) ability to build an affordable electric car, it is targeting more buyers with an SUV, the fastest growing vehicle segment in the United States. United and China. "The question is whether they can do it, if the price is affordable, if you have a volume – and I would question all these things," said Jeff Schuster, an analyst at LMC Automotive.
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