JPMORGAN: Investors are 'underestimating the severity of challenges and underlying risks' at General Electric

JPMORGAN: Investors are 'underestimating the severity of challenges and underlying risks' at General Electric

General Electric shares slumped more than 6% after JPMorgan downgraded the name to “underweight” and cut its price target from $6 to $5. Analyst Stephen Tusa made the call as investors are “underestimating the severity of challenges and underlying risks …
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Shelbyville to get $310M veggie burger facility and 460 jobs by 2020, food company announces

Chicago-based Greenleaf Foods SPC, and its parent company Maple Leaf Foods of Canada, and announced Monday that it will break ground on a $310 million plant-based protein manufacturing facility in Shelbyville. The 57-acre site, at Interstate 74 and Ind.
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Univision sells Gizmodo Media Group to private equity firm

New York (CNN Media) Univision made good on a promise to sell its online properties on Monday when it announced that it has sold Gizmodo Media Group, which includes the family of websites formerly known as Gawker Media. GMG, which includes former …
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Steel Ingredient Iron Ore Hits Nearly Five-Year High

The price of iron ore, the main ingredient in steel, surged to its highest level in almost five years on an emerging shortfall from the world’s mining hubs of Brazil and Australia. The January collapse of a mine-waste dam in Brazil at an operation run by Vale SA, …
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Recall: Thousands of meat-stuffed sandwiches may be stuffed with plastic

ASHEVILLE, N.C. — A North Carolina company, J & J Snack Foods Handhelds Corp., has recalled nearly 60,000 pounds of frozen, stuffed-sandwich products. An April 5 report from the United States Department of Agriculture’s Food Safety and Inspection …
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