FedEx Chairman and CEO Frederick Smith said Tuesday that most of the issues facing the company are the result of politicians around the world. Read More at As FedEx shares tank 7%, CEO blames ‘bad political choices’ for company’s woes Source: CNBC Follow @marketcheetah
GE Healthcare, a dominant player in hospital and lab equipment, generated roughly $19 billion in revenue and $3.4 billion in profit last year. Read More at General Electric reportedly files paperwork to spin out health-care unit in IPO Source: CNBC Follow @marketcheetah
Nearly a decade after hitting its financial crisis low of $6.66, GE touched the ominous level last week — and it’s been roaring back ever since. Read More at The man who called GE to .66 now sees this ahead Source: CNBC Follow @marketcheetah
The argument is part of the White House’s position on border security as Trump urges Congress to pony up $5 billion for the wall while lawmakers seek a spending deal to avoid a shutdown Saturday. Read More at White House struggles to explain Trump
“Hershey has positioned itself better than peers to grow sales and profits,” the firm said. Read More at Bank of America upgrades Hershey all the way to buy from underperform, predicting 10% annual returns Source: CNBC Follow @marketcheetah
Blockchain startup Digital Asset’s CEO Blythe Masters is stepping down after about four years in the role. Read More at Blythe Masters steps down as CEO of blockchain startup Digital Asset Source: CNBC Follow @marketcheetah
Italy and the European Commission, the EU’s executive arm, have announced a new budget deal after weeks of wrangling over the country’s 2019 spending plans. Read More at Italy reaches budget breakthrough after the EU initially rejected its 2019 spending plans Source: CNBC Follow
Japan Post on Wednesday said it will buy 7 percent of U.S. insurer Aflac for about $2.4 billion, as the postal and financial conglomerate seeks new profit-drivers to counter weak growth prospects. Read More at Japan Post to buy 7% of US insurer Aflac
For the first time ever, UPS has forecast the busiest day for returns to be Dec. 19. Typically, the busiest day for returns falls on Jan. 3. Read More at The busiest day for holiday returns won’t come after Christmas this year, UPS says
Facebook said in a blog post Wednesday it allowed other big tech companies to read users’ private messages, but denies it did so without consent. Read More at Facebook responds to NYT report it gave other tech firms access to private messages Source: CNBC