Morgan Stanley says rising bond yields spark a shift in US allocations from growth to value stocks. They favour energy, utilities and financials over tech and consumer discretionary stocks.
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For all you wannabe Powerball or Mega Million winners, there are more than 750 million reasons you can keep daydreaming about hitting pay dirt.
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Google has dropped out of the competition for a Pentagon cloud computing project that could be worth as much as $10 billion and last up to a decade, citing a possible clash with its corporate values, Bloomberg reported on Monday.
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Ford will be making cuts to its 70,000-strong white-collar workforce in a move it calls a “redesign” of its staff to be leaner, have fewer layers, and offer more decision-making power to employees, the company announced.
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Thousands of former Toys R Us employees face an uncertain future after hundreds of stores were closed. But Geoffrey the Giraffe is back to work.
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