Appaloosa Management added new stakes in Apple and State Street in the third quarter while cutting exposure to Facebook and e-commerce hub Alibaba. Billionaire manager David Tepper’s firm had added 100,000 shares of Apple and […]
The company narrowed its expectation for full-year earnings before interest, tax, depreciation and amortisation (EBITDA) to $3.6 billion to $4.0 billion from $3.5 billion to $4.2 billion previously. The former conglomerate is restructuring to focus […]
Things may be looking up for U.S.-China trade relations, which in turn is good for networking hardware colossus Cisco Systems, Chairman and CEO Chuck Robbins told CNBC on Wednesday. “We’re beginning to hear some positive […]
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