GE Sells Aviation Unit and 3 Dow Movers Not to Miss
Microsoft Corporation (NASDAQ:MSFT) seems to not be getting much revenue from Office 365, says The Times, which surmised that most users still prefer the firm’s older and more familiar Office software.
General Electric Company’s (NYSE:GE) aviation-systems division will sell a hydraulic thrust-reverser-actuation systems unit in California to Woodward at a price of $200 million, thus giving the buyer added motion-control technologies and platforms. Woodward said that it also reached into a preferred-supplier arrangement for thrust-reverser-actuation systems with GE with the transaction expected to close later on Friday. The company makes control systems and components for the aerospace and energy markets.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
The Home Depot (NYSE:HD) and Lowe’s Companies (NYSE:LOW) have the most to lose among retailers facing a dockworkers’ strike, which could entail port closings that would cut off shipments just before the lucrative gardening season, according to Bloomberg.
Wal-Mart Stores (NYSE:WMT) will monitor its subcontractors’ domestic warehouses just as it does conditions at suppliers’ factories worldwide, says the Wall Street Journal. This move follows protests, fines and lawsuits stemming from complaints of poor treatment of workers at the warehouses from which work is subcontracted.