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Investors can expect earnings reports from Starbucks, Intel, American Airlines on Thursday.
Soonho Ahn joined Apple in December as global head of battery developments, after working as a senior vice president at Samsung SDI since 2015, according to his LinkedIn profile. At Samsung SDI, Ahn led development of lithium battery packs and worked on "next-generation" battery technology, the profile says. Apple and Ahn didn’t respond to requests for comment.
NEW YORK (AP) — U.S. stock indexes spent Wednesday drifting and finished with small gains. While big companies continue to report strong profit growth, investors aren't sure how much longer it will last.
Stocks that moved substantially or traded heavily Wednesday: IBM Corp., up $10.37 to $132.89 The technology and consulting company gave strong forecasts for 2019 after reporting its fourth-quarter results. ...
The upbeat forecast accompanied a report on fourth-quarter earnings that crushed Wall Street’s expectations. “It’s the culmination of the investments we have been making, especially on the aerospace side,” Chief Executive Officer Greg Hayes said Wednesday on a conference call with analysts. United Technologies is counting on a lift from aviation, which is increasingly central to its operations after Hayes late last year wrapped up the long-delayed $23 billion purchase of aircraft-parts maker Rockwell Collins Inc. He now plans to shed the company’s elevator and air-conditioner businesses through a three-way split.
The Dow today led the major indexes higher in the stock market, thanks to big earnings-driven gains by three key component stocks.