US’s Harris, L3 merging to form a defense-technology giant
Harris and L3 Technologies, two American companies specializing in military communications and technology, announced their merger on Sunday, giving birth to a giant in the sector. The merger “of equals” will be achieved through a share swap, according to a joint communique. L3 shareholders will receive 1.30 Harris shares for each L3 share. When the […]
Technology Can Serve the Public Interest, IOP Panelists Say
High-profile leaders in the fields of public service, technology, and academia discussed corporate and public responsibility in an era of public-interest technology at an Institute of Politics event on Friday evening. The four panelists, former Secretary of Defense and Kennedy School professor Ashton B. Carter, Government professor Latanya A. Sweeney, former head of the Civil […]
First Ever Acceleration of Electrons in Plasma Waves
The Large Hadron Collider (LHC) at the European Organization for Nuclear Research (CERN)—operators of the world’s largest particle physics lab—near Geneva, Switzerland, is said to be the largest particle accelerator in the world. The accelerator lies in a tunnel 27 kilometers in circumference, as deep as 175 meters beneath the French-Swiss border. This, by the […]
Failing To Deliver On The Promise Of Breakthrough Technology
Even if you believe that an apple falling from a tree inspired Sir Isaac Newton’s universal law of gravitation, his Principia certainly didn’t spring forth in a eureka moment. It’s a lovely analogy, but science doesn’t necessarily work that way, neither does technology, business or life. In reality, discovery and advancement result from an ongoing […]
Bear or bull? Five reasons to claw or thunder
A sharp pullback in stocks last week, including the S&P 500’s .SPX biggest single-day drop since a market correction in February, has left investors questioning whether this could signal danger for the longest-ever bull run for U.S. equities. The following are five arguments on either side of the debate: REASONS TO BE BULLISH PROFITS, PROFITS, […]
FOCUS ON GRAPHIC PACKAGING HOLDING COMPANY (GPK), FEDEX CORPORATION (FDX)
Graphic Packaging Holding Company (NYSE:GPK) trade volume has increased by 30.03% as around 3,977,551 shares were sold when compared with its 50-day average volume of traded shares which is 3,058,846. At the moment, GPK is witnessing a downtrend, as it is trading -9.52% below its 20-day SMA, -10.63% below its 50-day SMA, and -14.99% below […]
EYES ON WABASH NATIONAL CORPORATION (WNC), UNITED TECHNOLOGIES CORPORATION (UTX)
The last few days have been rough for Wabash National Corporation (NYSE:WNC), as its price has decreased by -22.56% during the week. It has also performed poorly over the past three months, as it lost around -28.41% while it has so far retreated around -39.17% during the course of a year. The price of the […]
JP Morgan and Ford cancel plans for Saudi investor event
JP Morgan & Chase Co (JPM.N) Chief Executive Jamie Dimon and Ford Motor Co (F.N) Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi. The cancellations could add pressure on other U.S. firms like Goldman […]
Royal Mail staff lose out after profit warning hits share price
About 140,000 postal workers now eligible to sell shares they were given at privatisation Royal Mail staff selling their shares on Monday lost about £850 each after a profit warning a fortnight ago sparked a sharp fall in the share price. About 140,000 postal staff have been waiting to sell the free shares they received […]
Claire’s weighs up store closures, putting hundreds of jobs at risk
Accessory chain believed to be talking to restructuring firms about options, including a CVA Claire’s is considering closing a number of British stores as the troubled fashion accessories chain becomes the latest high street firm to show signs of distress. The company is believed to be talking to restructuring firms regarding a number of options, […]