HPE expects to make $0.43–$0.53 per share in profits, or $1.15–$1.25 per share on an adjusted basis, during fiscal 2018, which ends in October 2018.
Apple (AAPL) and General Electric (GE) have announced that the latter will build enterprise industrial apps exclusively on Apple’s iOS platform.
Chinese tech giant Baidu (BIDU) has gotten serious about autonomous vehicles too.
Alibaba’s (BABA) Global Shopping Festival, known as Singles’ Day, is fast approaching on November 11, 2017.
Alibaba plans to equip about 100,000 hotel rooms with the Tmall Genie smart speaker. The move could be part of Alibaba’s effort to expand the market for the device beyond the home.
The next few weeks will be crucial for steel investors. We’ll get to see if the recent round of price hikes holds its ground.
We’re into steel’s seasonally weak demand period. It will be interesting to see how the current round of price hikes impacts US steel prices.
U.S. Steel Corporation (X) and AK Steel (AKS) have risen 7.8% and 8.1%, respectively, in October. ArcelorMittal (MT) has risen 15.3% in October.
Last week, AK Steel was the biggest gainer among the top five US-based steelmakers (CLF). AK Steel stock rose 6.7% in the week ending October 20, 2017.
On October 16, 2017, Celanese (CE) announced it will expand its capacities related to compounding due to continued demand in its engineered materials business.
On October 18, 2017, International Flavors & Fragrances (IFF) launched its Re-Imagine program, which aims to tap opportunities in the food and beverage market.
On October 16, 2017, 3M (MMM) announced that it has launched its 5410 Diamond Mesh Trim under Scotchlite.
On October 16, 2017, Axalta Coating Systems (AXTA) added Tufcote Hydro 2.1 HG and Tufcote Hydro LV HG waterborne acrylic products to expand its Tufcote portfolio.
On October 17, 2017, Praxair (PX) announced that it has entered into a long-term agreement with GlobalFoundries in Malta, New York.
Last week copper prices broke free of yet another psychological price level.
Copper prices have been strong in October. In the week ending October 20, LME (London Metals Exchange) three-month copper contracts rose 2.2%.
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