Coast Guard searches for Carnival Cruise passenger who fell overboard

A 50-year-old Carnival Paradise passenger reportedly went overboard on a Florida cruise.  (Carnival Cruise) The United States Coast Guard is searching for a 50-year-old Carnival Cruise Paradise passenger who reportedly went overboard approximately 85 miles west of Fort Myers, Fla. The man, identified as Brian Lamonds of Greensboro, NC, was reported missing Tuesday morning as […]

JC Penney CEO Marvin Ellison Resigns To Take Over At Lowe’s – Forbes

Forbes JC Penney CEO Marvin Ellison Resigns To Take Over At Lowe’sForbesMarvin Ellison is going back to his home improvement roots. Ellison, who was named CEO of J.C. Penney in 2014, joining the retailer from Home Depot, is now leaving the department store to become CEO of the home improvement chain’s archrival, Lowe’s.The Penney DropsWall […]

China Cuts Car Tariffs, in Latest Peace Offering to U.S. on Trade

HONG KONG — China has carried out a pledge to cut tariffs on imported cars and car parts, the latest move by Beijing to ease trade tensions with the United States. The American auto industry and its workers, however, might be unimpressed. China’s Finance Ministry said on Tuesday that it would trim tariffs on imported […]

Fully Charged Gets Up Close & Personal With Custom Model S Wagon

Cars Published on May 22nd, 2018 | by Kyle Field May 22nd, 2018 by Kyle Field  The Fully Charged crew recently met up with the guys at QWest who have developed a custom Tesla Model S Shooting-brake, which is more commonly known as a wagon on this side of […]

Sony to Buy Out EMI Music Publishing for About $2 Billion

Sony (snejf) is buying EMI Music Publishing, getting its hands on a catalog of 2.1 million songs from Beyonce, Carole King and other artists as it embarks on a new growth plan built on content and services. The Japanese company will buy about 60 percent equity interest from a consortium led by from Mubadala Investment […]

Adobe to Buy E-Commerce Firm Magento Commerce for $1.68 Billion

Adobe Systems Inc., the elder software-business statesman behind photo-editing software Photoshop and PDF reader, is buying e-commerce firm Magento Commerce for $1.68 billion, adding a key piece to its platform. The acquisition—which would put Adobe head-to-head with the likes of Salesforce.com—presents a revenue opportunity of some $13 billion, Brad Rencher, Adobe’s executive vice president of […]

Celgene, Campbell’s Soup Drop into Monday’s 52-Week Low Club

By Paul Ausick May 21, 2018 4:04 pm EDT May 21, 2018: Here are four stocks trading with heavy volume among 66 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 2.31 to 1 and on the Nasdaq, advancers led decliners by about 1.51 to 1. Celgene Corp. […]

Fifth Third Signals Resurgence of Banker Confidence

May 21, 2018 12:10 p.m. ET Fifth Third Bancorp ’s FITB -7.60% $4.7 billion deal to acquire small Chicago-based lender MB Financial MBFI 13.52% is a sign that positive animal spirits have returned to the banking world. Investors should expect many more mergers and acquisitions. The deal has little to do with recent moves toward […]

GE’s Transportation Business is Set to Merge with Wabtec

GE (ge) has agreed to merge its transportation business with Wabtec, an American manufacturer of train equipment, in a deal worth $11.1 billion, the companies announced. GE will receive a $2.9 billion cash payment up front, and GE and its shareholders will own 50.1% of the combined company. Among other things, GE’s transportation business manufactures […]

The Commodities That May Win Big From a U.S.-China Trade Truce

Commodities were a big casualty of the escalating trade war between the U.S. and China, but are now set to be a major beneficiary of Beijing’s pledge to import more American goods. U.S. President Donald Trump had threatened to impose tariffs on as much as $150 billion in Chinese imports, including some steel and aluminum […]

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