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George Hecht

General Electric earnings Q4 2017

  Investors were reminded Wednesday of the challenges that lay ahead for General Electric, as the company reported steep revenue declines and said it was being investigated by the Securities and Exchange Commission over its accounting practices. GE’s fourth quarter fell short of Wall Street’s expectations, but it offered up …

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Joseph Stiglitz, World Bank’s John Roome talk climate change

  How to tackle climate change continues to polarize the business world, particularly since Donald Trump withdrew the U.S. last year from the historic Paris climate change agreement.   DSM CEO Feike Sijbesma; Joseph Stiglitz, economist and professor at Columbia University; John Roome, senior director for climate change at the …

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US cannabis companies look to Canada when going public

  MedMen operates sleek, airy dispensaries that are designed to attract marijuana customers of all types — a far cry from the psychedelic-style head shops of days past. The company also has two funds with about $150 million to encourage investment in marijuana businesses. They caught the attention of some …

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Defense manufacturers cashing in on Trump’s global arms push

  For defense companies, international weapons sales can sometimes be more lucrative too. Arment said direct arms sales from U.S. defense companies to foreign countries “can have a higher margin” than going through Washington’s Foreign Military Sales program. Reuters reported earlier this month that the administration plans as part of …

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Fiat Chrysler lowers part of its 2018 guidance, driving shares lower

  Jonathan Ernst | Reuters President Donald Trump tours new cars with auto industry leaders, including Fiat Chrysler CEO Sergio Marchionne (L), at the American Center for Mobility, a test facility for driverless car technology for American Manufactured Vehicles in Ypsilanti Township, Michigan, U.S. March 15, 2017. Fiat Chrysler Automobiles …

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Newell Brands stock craters 20%, unveils plans to sell off assets

  Newell Brands stock plunged more than 20 percent Thursday after the Rubbermaid maker said it may sell off assets.   The company said it will explore strategic options for at least 10 of its industrial and consumer businesses. They include: Waddington, Process Solutions, Rubbermaid Commercial Products, Rawlings, Goody, Rubbermaid …

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