Markets
GM to Sell Lordstown Plant, Invest $700M in Ohio
According to a statement from GM, the move has the potential to bring production and electric vehicle assembly jobs to the plant. Upon final agreement, the entity, led by Workhorse founder Steve Burns, would acquire the facility. Cincinnati-based Workhorse specializes in electric commercial vehicles and now produces a small van called the NGEN-1000 at a facility in Indiana. Workhorse Group Inc... [Full Article...]
Lord & Taylor may be put on the block soon
She's also shutting down Canada's Home Outfitters business and planning to close as many as 20 Saks OFF 5th locations in the U.S.Lord & Taylor has more than 40 stores in the northeastern and mid-Atlantic regions, as well as online operations. [Full Article...]
GM, Unifor make joint announcement about Oshawa, Ont., plant
The factory was expected to be closed by the end of the year after Detroit-based GM said it was stopping production of the Chevrolet Impala and Cadillac XTS, eliminating about 3,000 jobs and ending a century of vehicle making. The company will also offer relocations to other facilities in Ontario for those affected, as well as "enhanced retirement packages" to eligible employees. [Full Article...]
Westpac profit falls in wake of banking royal commission
Westpac has held its interim dividend despite the cost of refunding customers helping drag down first-half profit by 22 per cent to $3.296 billion. Westpac, like the other "Big Four" Australian banks, is spending millions of dollars to pay back customers who were charged inappropriate fees and fix its reputation after an inquiry exposed wrongdoing at top financial institutions. [Full Article...]
Bausch Health reports first-quarter loss, raises full-year financial guidance
About 760,784 shares traded. If volume is increasing and price is also increasing, this is a buy signal. At times, investors may be prone to making impulsive or irrational decisions when it comes to the stock market. ( BHC ) we can see that the 30 days volatility is presently 3.23%. It has a market cap of $8181.73M. From time to time, investors may need to decide when to sell a victor. [Full Article...]
The Kraft Heinz Company (NASDAQ:KHC)
Kraft Heinz Co. shares were trading at $32.64 per share on Monday afternoon, up $0.06 (+0.18%). The revelation came weeks after Kraft Heinz shocked Wall Street by revealing that the Securities and Exchange Commission was investigating alleged irregularities. [Full Article...]
Feds propose new rules on debt collectors' repeat calls
The CFPB disputed that the rule allows for collectors to text with impunity, saying that would violate the 1977 Fair Debt Collection Practices Act. Debt collectors are supposed to provide a way for debtors to opt out of getting text messages at specific numbers or emails at certain addresses, and, the CFPB says, debt collectors would face legal liability "if the effect of the communications is har... [Full Article...]
Uber drivers plan strike ahead of IPO
During the strike, drivers are calling for greater job security, higher incomes and regulated fare for rides. Customers will be able to log on to the apps, but may not find many drivers nearby. Lyft , which says it has almost 40% of the US ride-hailing market , said increased demand helped push revenue to $776 million in the quarter, up 95% from a year earlier and above analysts' average estimate... [Full Article...]