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Johnson & Johnson takes $13.6 billion charge related to new U.S. tax law

Top Finance News - 5 hours 27 min ago

Also on Tuesday, U.S. appeals court upheld a ruling that invalidated a crucial J&J patent on its blockbuster rheumatoid arthritis drug Remicade. U.S. President Donald Trump signed the new U.S. tax law late last year, and many large U.S. corporations and drugmakers have said they will take advantage of its new, lower tax rate on repatriated foreign earnings and cash. J&J reported a year ago that it had $66 billion in undistributed international earnings and on Tuesday said it had $16 billion in cash outside the United States.


3 Helpful Rules for Investors as the Dow Goes Up

Top Finance News - 7 hours 26 min ago

The Dow is climbing, and with it, investors' hopes and dreams. The Dow Jones industrial average shot past the 25,000 mark for the first time in January -- and just a week later, topped a new milestone of 26,000. Because while you may think you know everything you need to know about the stock market (and maybe you do!), this is not your parents' or grandparents' Dow.


3 Things IBM's New CFO Wants You to Know

Top Finance News - 7 hours 50 min ago

New CFO James Kavanaugh discusses currency, hardware, and growth investments.


What the Market Completely Missed From Kinder Morgan Inc.’s Fourth-Quarter Results

Top Finance News - 8 hours 33 sec ago

Focused on the revelation of another three-month delay for its largest project, investors missed the fact that Kinder Morgan quietly repurchased millions of shares.


Ford issues service recall to fix blown Focus RS head gaskets

Top Finance News - 8 hours 15 min ago

The issue has simmered for almost a year on a Focus RS online forum.


Why General Electric Took Another Hit

Top Finance News - 9 hours 16 min ago

A decision made more than a decade ago came back to haunt the industrial giant.


The Xbox One's Netflix-style game program is getting a crucial update

Top Finance News - 9 hours 35 min ago

Microsoft has a Netflix-style service for gaming on the Xbox platform, and it's getting a major update. The six-month old service will get new games at the same time as launch in the future, starting with "Sea of Thieves" in March. Microsoft says all upcoming games published by Microsoft will arrive at launch on the Game Pass service — a major change that makes Game Pass a much better value.


How Citigroup (C) Stock Stands Out in a Strong Industry

Top Finance News - 9 hours 52 min ago

Citigroup (C) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.


Emirates Rescues the Airbus A380 Jumbo Jet, Again

Top Finance News - 10 hours 10 min ago

Last week, Emirates announced that it will place a firm order for 20 more Airbus A380s, giving the struggling jumbo jet an extra lease on life.


FBI Director Wray reportedly threatened to resign over Tr...

Top Finance News - 10 hours 19 min ago

Wray's threat came amid pressure from Attorney General Jeff Sessions to fire deputy director Andrew McCabe.


Danica Patrick's final NASCAR ride: Familiar number, familiar crew chief

Top Finance News - 11 hours 35 min ago

"I'll be back in GoDaddy green, driving the No. 7 Chevrolet with Tony Jr. in my ear again."


Rite Aid (RAD) on Track with Asset Sale: Is it Aiding Stock?

Top Finance News - 12 hours 4 min ago

Rite Aid Corporation (RAD) is on track with the process of transferring stores and related assets to Walgreens under its amended and restated asset purchase agreement.


Super Bowl ticket prices are plummeting since Vikings loss

Top Finance News - 12 hours 6 min ago

Super Bowl ticket resale prices keep falling as Minnesota Vikings fans look to sell.


3 Stocks That Look Like Apple in 2008

Top Finance News - 12 hours 34 min ago

A decade ago, nobody expected the iPhone to make Apple investors so much money. We think these three stocks give you a chance to do as well in the decade ahead.


United sees potential new Boeing jet available in 8-10 years

Top Finance News - 12 hours 36 min ago

A potential new mid-sized aircraft being studied by Boeing could reach the market in eight to 10 years, a senior United Airlines executive said on Tuesday. United is holding off evaluating possible contenders to replace its Boeing 757 and 767 fleet as Boeing ponders whether to launch the new model, but the potential project is likely to "well defined" some time this year, Gerry Laderman, senior vice-president of finance at United Airlines said. Speaking at the Airline Economics conference in Dublin, Laderman said the airline would also look at the smallest model of the Boeing 787 Dreamliner and the Airbus A321neo in the same stage its fleet replacement plans.


The King of Beers Is Now Only America's 4th Most Popular Beer

Top Finance News - 12 hours 53 min ago

The King of Beers Is Now Only America's 4th Most Popular Beer


3 Reasons Why Apple Stock Is Heading to $200 Per Share

Top Finance News - 13 hours 18 sec ago

Apple Inc. (NASDAQ:AAPL) isn’t as emotionally driven a stock as say, Advanced Micro Devices, Inc. (NASDAQ:AMD), Tesla Inc (NASDAQ:TSLA) or Chesapeake Energy Corporation (NYSE:CHK). Considering its $910 billion market cap, Apple stock is just a stone’s throw from $1 trillion in market cap. In order for Apple stock to hit $1 trillion, its share price needs to climb about 10%.


No salary for Elon Musk but a $70bn payout if Tesla reaches $650bn valuation

Top Finance News - 13 hours 19 min ago

Tesla founder Elon Musk has been set what has to be one of the toughest bonus plans ever - increasing the $59bn electric car maker's market value to $650bn (£466bn) in a decade. However, if he succeeds he could get one of the biggest windfalls ever received by a chief executive - almost $70bn, though this assumes the company does not issue more shares or raise equity. At today's prices, the award is worth about $7.2bn, on top of the almost 20pc stake in the business  must already holds. California-based Tesla revealed the scheme in a regulatory filing that also notes that the billionaire will not receive any guaranteed pay of any kind: no salary, no cash payouts or shares that vest as time rolls on. Tesla said: “Elon's only compensation will be a 100pc at-risk performance award, which ensures that he will be compensated only if Tesla and all of its shareholders do extraordinarily well. Because all Tesla employees are provided equity, this also means that Elon's compensation is tied to the success of everyone at Tesla.” History of Tesla Hitting the $650bn target would make Tesla one of the world’s most valuable companies. Currently the biggest company by market capitalisation is technology giant Apple, valued at $909bn, followed by Google's parent Alphabet, at $807bn.  To trigger payouts equal to 1pc of Tesla's outstanding shares, it will have to hit demanding milestones on not only the company’s value, but also revenue and earnings, ultimately generating sales of $175bn and earnings of $14bn.  For each of the total of 12 milestones achieved, Mr Musk will see stock options vest equal to 1pc of Tesla’s outstanding shares - about 1.7m shares at the moment. At the current share price of $351, each milestone is worth almost $600m.  If Mr Musk hits all the targets, he is in line for more than $7bn, calculated against Tesla’s current share price.  In quotes | Elon Musk Should the shares continue their heady rise - they have climbed by a third in recent years - the payout will be much greater. The deal ties Mr Musk to Tesla. For the awards to vest, he must remain chief executive or executive chairman and chief product officer. Professor David Bailey, an automotive industry expert at Aston university, called the plan an "all or nothing " move for Mr Musk. He added: "It’s another big publicity coup, and will be ridiculed by some. But shareholders will like the plan and so will workers. "Who knows whether it is doable or not? We are about to see a massive mobility revolution which Tesla is leading. Whether it survives long term is another matter. "Mr Musk has, though, shown he’s fully committed to the Tesla after speculation he might go with the arrival of the Model 3 - he's in it for the long term." The new scheme is modelled on an earlier arrangement, which required Tesla’s market value to rise in $4bn increments, with testing targets set against the Model X SUV and the Model 3, which the company is trudging to build in sufficient quantities. Tesla said these targets were seen as “testing” at the time. But nine out of 10 were hit. A special shareholder meeting will now be held in February to give Tesla investors a chance to vote on approving it.


India will have a $5 billion economy by 2025, PM Modi say...

Top Finance News - 13 hours 40 min ago

The youth of India is strengthening the country's economy, Narendra Modi said.


Congress is treating Americans like children over FISA memo: Judge Napolitano

Top Finance News - Mon, 01/22/2018 - 9:14pm

FOX News senior judicial analyst Judge Andrew Napolitano on how damaging the four-page FISA memo could really be to the U.S. government.


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