Wednesday 20 September 2017

Struggling GE is grounding its fleet of corporate jets to save money

General Electric execs are losing access to a coveted perk: corporate jets. Instead of flying around the world on GE's fleet of luxurious corporate jets, the struggling company's bigwigs will be forced to mostly rely on charter flights.
CNNMoney Markets Now
 
Dow Nasdaq S&P
+41.79   -5.28   +1.59
22,412.59   6,456.04   2,508.24
+0.19%   -0.08%   +0.06%
YTD +13.41%   YTD +19.93%   YTD +12.03%
 
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Advanced Micro Devices Inc +4.73%
 
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General Mills Inc -5.80%
 
Qorvo Inc -5.38%
 
L Brands Inc -5.10%
 
Adobe Systems Inc -4.24%
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News: What you need to know about the markets
 
 
Struggling GE is grounding its fleet of corporate jets to save money
General Electric execs are losing access to a coveted perk: corporate jets. Instead of flying around the world on GE's fleet of luxurious corporate jets, the struggling company's bigwigs will be forced to mostly rely on charter flights. Read more »
 
Consumers sour on yogurt and cereal
General Mills, the owner of Cheerios and Yoplait, reported another drop in sales. The company, along with other packaged food giants, is being hurt by changing tastes, a shift to organic and lower prices at grocery stores. Read more »
 
Where the huge SoftBank-Saudi tech fund is investing
It was launched less than a year ago but the SoftBank Vision Fund has already invested billions in 10 firms. Read more »
 
Warren Buffett: Dow will hit 1 million in 100 years
Warren Buffett isn't nervous about a stock market bubble. The legendary investor thinks anyone betting against America is "out of their mind." Read more »
 
India's first $1 billion IPO in 7 years begins
SBI Life, one of the country's largest insurance companies, is aiming to raise $1.3 billion. Read more »
 
Fed will finally wind down historic rescue program
The central bank will begin shedding $4.5 trillion in investments that it piled up to support the economy. Read more »
 
 
 
 
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