• Should You Worry About HD Supply Holdings, Inc.'s (NASDAQ:HDS) CEO Salary Level?
    Simply Wall St.

    Should You Worry About HD Supply Holdings, Inc.'s (NASDAQ:HDS) CEO Salary Level?

    Joe DeAngelo has been the CEO of HD Supply Holdings, Inc. (NASDAQ:HDS) since 2005. This report will, first, examine...

  • Bloomberg

    GM’s Detroit Plant Going All-Electric Starting Next Year

    (Bloomberg) -- General Motors Co. affirmed plans to build electric pickups and SUVs at its Detroit-Hamtramck plant and scheduled the start of production for late next year.Output of electric Cruise Origin driverless vehicles will follow soon after the initial pickups roll off the line, GM said in a statement Monday. The automaker committed to investing $2.2 billion in the factory as part of the labor agreement reached last year with the United Auto Workers union.GM’s investment -- which will include another $800 million on supplier tooling and projects related to the trucks -- saves a factory that was marked for closure over a year ago. Detroit-Hamtramck will become GM’s second plant in Michigan making plug-in models as Chief Executive Officer Mary Barra bets on demand for electric vehicles that only Tesla Inc. has sold in significant volume thus far.“It’s not if, it’s when,” GM President Mark Reuss said of EVs catching on with consumers. “Nothing happens by turning on a light switch, making vehicles and seeing consumers adopt them. But the turning point is now and we have to plan for adoption.”Once fully operational, the Detroit-Hamtramck plant will employ 2,200 workers, according to GM. The automaker plans to build a family of EVs at the factory, including a Hummer truck that will be sold by GMC dealers, people familiar with the matter said earlier this month. The company also will assemble a family of electric crossovers and cars at its Orion plant north of Detroit.For the 800 union members working at Detroit-Hamtramck, the investment is a sigh of relief, said Mike Plater, chairman of UAW Local 22, which represents employees at the plant.“They were very serious about closing it,” Plater said of GM. “It was difficult getting this investment.”(Updates with executive’s comment in the fourth paragraph)To contact the reporter on this story: David Welch in Southfield at dwelch12@bloomberg.netTo contact the editor responsible for this story: Craig Trudell at ctrudell1@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Will Stellar Model 3 Sales Drive Tesla's (TSLA) Q4 Earnings?
    Zacks

    Will Stellar Model 3 Sales Drive Tesla's (TSLA) Q4 Earnings?

    Rise in Tesla's (TSLA) Model 3 delivery is likely to have fueled the company's earnings and automotive revenues in the fourth quarter of 2019.

  • GM to invest $2.2 billion at Detroit factory to make electric trucks, SUVs
    Reuters

    GM to invest $2.2 billion at Detroit factory to make electric trucks, SUVs

    The company said its first electric truck will be a pickup, whose production will begin late next year and will be followed by a self-driving vehicle, Cruise Origin. GM last week https://reut.rs/30V6MfE unveiled a prototype of a driverless vehicle for ride-sharing service. Reuters had reported last year that GM plans to build a new family of premium electric vehicles at the plant beginning late 2021, possibly reviving its Hummer brand.

  • Should We Worry About Fidelity National Information Services, Inc.'s (NYSE:FIS) P/E Ratio?
    Simply Wall St.

    Should We Worry About Fidelity National Information Services, Inc.'s (NYSE:FIS) P/E Ratio?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Aptiv (APTV) to Post Q4 Earnings: What's in the Offing?
    Zacks

    Aptiv (APTV) to Post Q4 Earnings: What's in the Offing?

    GM strike is likely to have weighed on Aptiv's (APTV) fourth-quarter 2019 performance.

  • Will Visa's (V) Q1 Earnings Benefit From Revenue Growth?
    Zacks

    Will Visa's (V) Q1 Earnings Benefit From Revenue Growth?

    Visa's (V) fiscal Q1 earnings are likely to have benefited from increase in revenues, owing to higher transactions processed.

  • Will Global Automakers Feel the Heat of Coronavirus Crisis?
    Zacks

    Will Global Automakers Feel the Heat of Coronavirus Crisis?

    Panic surrounding the contagious coronavirus triggers automakers and suppliers to limit business travels in and out of China.

  • 6 Must-Buy Business Services Stocks Set to Beat on Q4 Earnings
    Zacks

    6 Must-Buy Business Services Stocks Set to Beat on Q4 Earnings

    Fourth-quarter 2019 results so far have not been as disappointing as expected initially. However, overall earnings are still expected to dip.

  • Japanese Rock Star Yoshiki Is Investing in Cloud Computing
    Bloomberg

    Japanese Rock Star Yoshiki Is Investing in Cloud Computing

    (Bloomberg) -- Japanese rock star Yoshiki and software giant Salesforce.com Inc. are backing cloud consulting firm Uhuru Corp. in its next fundraising round, a person familiar with the plans said.Tokyo-based Uhuru is planning to raise 15 million pounds ($20 million) to 20 million pounds, the person said, asking not to be identified because the plans are confidential. Salesforce, which currently holds 4.7%, and Yoshiki will be minority holders after the funding round, the person said.Uhuru had planned to list on London’s Alternative Investment Market last year, but backed off after uncertainty over the U.K.’s plans to leave the European Union dampened interest in new issues. The company specializes in “digital transformation,” helping construct networks as well as offering data analytics, consulting and marketing services.@YoshikiOfficial in a club in Tokyo. Japan is full of surprises. pic.twitter.com/wG5RW4G5i7— Marc Benioff (@Benioff) April 11, 2019 Yoshiki, a classical pianist and leader of the rock band X Japan, is friendly with Salesforce co-founder Marc Benioff, who has tweeted clips of the two singing karaoke in Tokyo in April. Yoshiki, who’s been performing for more than 30 years, has played at the Lollapalooza and Coachella music festivals and at Carnegie Hall in New York.No final decisions have been made and the backers could still decide against investing. Representatives for Uhuru, Yoshiki and Salesforce declined to comment.The company lists its main shareholders as including SoftBank Group Corp., Dentsu Group Inc., NEC Corp. and Salesforce on its website. It generated $35 million in revenue in 2018, according to the Financial Times.\--With assistance from Nico Grant.To contact the reporter on this story: David Hellier in London at dhellier@bloomberg.netTo contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, Amy Thomson, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys
    Reuters

    AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys

    U.S. drugmaker AbbVie's $63 billion tie-up with Allergan is getting help from Nestle and AstraZeneca buying up products the Irish-domiciled company is shedding to placate regulators. AbbVie is swallowing Allergan to give it control of the lucrative wrinkle treatment Botox and to diversify a portfolio heavily dependent on its $19-billion-per-year arthritis drug Humira, the world's best-selling medicine that is advancing toward U.S. patent expiration. Swiss food group Nestle bulked up its medical nutrition business with Allergan's Zenpep, a product with 2018 sales of $237 million which treats people whose pancreases do not provide enough enzymes to digest fats, proteins and sugars.

  • Nestle buys Allergan business to expand in medical nutrition
    Reuters

    Nestle buys Allergan business to expand in medical nutrition

    Swiss food giant Nestle on Monday bulked up its medical nutrition business by buying Allergan's Zenpep, a product for people whose pancreases do not provide enough enzymes to properly digest fats, proteins and sugars. Financial terms of the transaction were not disclosed. Zenpep had sales of $237 million in 2018.

  • Riskier Assets Sink as the Coronavirus Goes Global
    FX Empire

    Riskier Assets Sink as the Coronavirus Goes Global

    It’s ‘risk-off’ early this morning as the markets in Asia respond to the spread of the coronavirus. The WHO could add further pressure…

  • Is Now An Opportune Moment To Examine ANSYS, Inc. (NASDAQ:ANSS)?
    Simply Wall St.

    Is Now An Opportune Moment To Examine ANSYS, Inc. (NASDAQ:ANSS)?

    ANSYS, Inc. (NASDAQ:ANSS) led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks...

  • Fiat Chrysler asks U.S. court to toss out GM racketeering claims - filing
    Reuters

    Fiat Chrysler asks U.S. court to toss out GM racketeering claims - filing

    Fiat Chrysler's motion to dismiss GM's civil racketeering lawsuit was expected. The company has said GM's lawsuit is baseless and aimed at disrupting the Italian-American automaker's proposed merger with France's Peugeot SA .

  • Bear of the Day: Dell Technologies (DELL)
    Zacks

    Bear of the Day: Dell Technologies (DELL)

    Bear of the Day: Dell Technologies (DELL)

  • Salesforce Encouraged Employees to Expense Co-CEO Marc Benioff’s Book
    Bloomberg

    Salesforce Encouraged Employees to Expense Co-CEO Marc Benioff’s Book

    (Bloomberg) -- Marc Benioff’s latest book, about the need for a gentler capitalism, became a national bestseller. The company he co-founded, Salesforce.com Inc., helped boost sales by encouraging employees to buy and expense the book published last October.The software maker sent a memo to its 48,000-member workforce last fall offering reimbursement if they purchased Benioff’s latest book, “Trailblazer,” the company said. Salesforce said it considers the book to be “business material.”“Our employees were invited to expense a copy and spread the word,” a Salesforce spokeswoman said in a statement. “‘Trailblazer’ was inspired by our employees, so of course we wanted to get it in their hands, as well as our customers’, partners’ and anyone else wanting to learn how business is the greatest platform for change.”“Trailblazer: The Power of Business as the Greatest Platform for Change” is the fourth book co-written by Benioff. On its website, Salesforce touted it as an “instant” New York Times bestseller. It was No. 1 on the Wall Street Journal’s bestseller list. The billionaire’s books have served to bolster his reputation in the technology industry, especially, “Behind the Cloud,” about building his business applications company.While the exact calculations behind the bestseller lists are shrouded in secrecy, the consensus in the publishing industry, according to the news website Vox, is it takes at least 5,000 books sold in a week to make the New York Times’ list.Proceeds from “Trailblazer” sales were donated to charity, the company said.“Trailblazer” tracks Benioff’s public journey deeper into social and political causes in recent years, including how to leverage his influence as a tech leader on issues he cares about including education and homelessness. In the book, Benioff declares that capitalism is “dead” and must be replaced by a system guided around more than just the interests of shareholders. He also called for higher taxes on the wealthy and more regulation on the tech industry.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Adient (ADNT) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Adient (ADNT) Reports Next Week: Wall Street Expects Earnings Growth

    Adient (ADNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • What Makes S&P Global (SPGI) a Strong Momentum Stock: Buy Now?
    Zacks

    What Makes S&P Global (SPGI) a Strong Momentum Stock: Buy Now?

    Does S&P Global (SPGI) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Tesla Crosses $100B Ahead of Q4 Earnings: ETFs in Focus
    Zacks

    Tesla Crosses $100B Ahead of Q4 Earnings: ETFs in Focus

    Tesla has become the first publicly listed U.S. automaker to cross $100 billion in market valuation ahead of Q4 earnings.

  • Is Brighthouse Financial (BHF) a Great Value Stock Right Now?
    Zacks

    Is Brighthouse Financial (BHF) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys
    Zacks

    The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys

    The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys

  • What Awaits Automatic Data Processing (ADP) in Q2 Earnings?
    Zacks

    What Awaits Automatic Data Processing (ADP) in Q2 Earnings?

    Automatic Data Processing's (ADP) second-quarter fiscal 2020 earnings and revenues are likely to have improved year over year.

  • MGM Resorts Announces Partnership With Las Vegas Raiders
    Zacks

    MGM Resorts Announces Partnership With Las Vegas Raiders

    MGM Resorts (MGM) to provide exclusive fan experiences before and after Raiders home games.

  • Will Mastercard (MA) Q4 Earnings Gain From Higher Spending?
    Zacks

    Will Mastercard (MA) Q4 Earnings Gain From Higher Spending?

    Mastercard's (MA) Q4 earnings are likely to have benefited from higher switched transactions, increase in cross-border volume and gross dollar volume, and gains from acquisitions.