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Thyssenkrupp CEO feels heat after investor vote of no confidence

“The investment, just weeks before a planned strategy refinement expected in July, may also provide a wedge to force through a radical overhaul of Thyssenkrupp – with or without Hiesinger” writes Midwest Communications Inc for 95kqds.com. Hiesinger, who remains opposed to a break-up, can still count on the support of Ulrich Lehner, Thyssenkrupp’s supervisory board chairman, who has publicly defended the CEO and his strategy.With Elliott’s involvement, this effort could gain momentum and solve what analysts at Jefferies have described as Thyssenkrupp’s “identity crisis”, people familiar with the matter said. Source:…

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Nordstrom’s post-earnings sell-off was ‘overdone,’ buy for its digital strategy, Deutsche Bank says

“The stock, however, has underperformed in 2018; shares are down 3.4 percent since January against the S&P 500’s 1.9 percent climb” writes unknown author for cnbc.com. Nordstrom shares rose 1.3 percent in premarket trading following the bullish Deutsche Bank note.Nordstrom’s recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank, which upgraded the stock to a buy rating and called the drop in share price “overdone.”. The analyst estimates the retailer will generate fiscal 2018 earnings per share of $3.55 versus the Wall Street consensus of $3.46, according…

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Use This Simple Investing Strategy to Stay Ahead in a Rollercoaster Stock Market

“Historically, the market looks six months out, and as the last six months were strong, investors were pricing that in” writes Fbb Capital Partners for thestreet.com. In order to understand the thinking behind the sector rotation model, we need to take a look at the stages of the market and how different sectors respond accordingly.While this is all true, the reasoning may not be the market; instead, it could be that your portfolio is stuck in 2017. Source: thestreet.com Share This:

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Amazon Rivals Catching Up In Smart Speaker Battle

“Amazon.com Inc. (AMZN) may be the leader in the smart speaker market thanks to Alexa, its voice-activated virtual assistant, but that hasn’t stopped rivals from chipping away at its dominance” writes Donna Fuscaldo for investopedia.com. Apple Inc. (AAPL) which was supposed to knock it out of the park with its HomePod smart speaker controlled only 6% of the global market.Meanwhile, Alphabet’s (GOOG) Google market share stood at  26.5%, up from 12.4%, while Alibaba (BABA), the Chinese e-commerce leader gained market share of 7.6% in its first year with a device…

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Engie CEO says will work closely with new chairman

“Engie CEO Isabelle Kocher and Chairman Gerard Mestrallet, arrive to attend the annual general shareholders meeting in Paris Thomson Reuters PARIS (Reuters) – Engie chief executive Isabelle Kocher said she would work closely with new board chairman Jean-Pierre Clamadieu, who formally takes up his position on Friday” reports businessinsider.com. “A newspaper headline today ‘Kocher-Clamadieu, will it be duel or duo?’ Well, I can tell you it will be duo,” Kocher said at the gas and power utility’s annual general shareholders meeting. She also reiterated that the company will announce a…

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Lloyds to sell Irish mortgage portfolio for £4 bln

“Lloyds Banking Group PLC (LLOY.LN) said Friday that it is selling its Irish residential-mortgage portfolio to Barclays PLC BARC for 4 billion pounds ($5.4 billion), as part of its strategy to become a low-risk, U.K.-focused bank” writes Ian Walker for marketwatch.com. It said the bank will book a pretax loss of GBP110 million from the sale in its accounts for the first half.The portfolio had gross assets of GBP4.3 billion, of which GBP0.3 billion are impaired, Lloyds said. In the year ended Dec. 31 the portfolio generated a pretax loss…

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Apple shipped an estimated 600,000 HomePods in the first quarter of the year

“Apple shipped 600,000 HomePods in the first quarter of 2018, according to a new sales estimates from market research firm Strategy Analytics” writes May Edt for theverge.com. According to the estimates, Amazon captured 43.6 percent of the smart speaker market with 4 million unit sales, while Google 26.5 percent with 2.4 million sales. Source: theverge.com Share This:

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GDPR Heralds More Transparency in Managing Employee Data

“Human resources departments that have relied on employee consent for data processing may need to review their approach, said GDPR experts in London” writes Mara Lemos-stein Wsj for wsj.com. Photo: Associated Press Companies will need to be more transparent about the management of employee data or risk getting caught on the wrong side of the European Union’s General Data Protection Regulation.Another potential risk on holding employee data is a request for data access may emerge from an ex-employee and could form a basis for a complaint against the company, said…

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