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Einhorn, whose firm still owned more than 21 million shares at the end of June, declined to comment about GM’s stock price. Other investors said there were no clear alternatives to Barra’s approach. “I’m clearly a frustrated investor,” said Michael Razewski, a partner with Douglas C. Lane & Associates, which owned 2.57 million GM shares at the end of September. “GM is a name that I am still particularly bullish about despite years of disappointment.”. Some investors said they would welcome a spinoff or partial float of Cruise, or the creation of a tracking stock, as a way of calling attention to the potential value of GM’s autonomous vehicle technology.

“In the near term, cool bobble head cat in sunglasses cufflinks really the only way to drive this stock higher is via Cruise,” Razewski said.Some investors have given up waiting, Barometer Capital Management sold its 420,000 GM shares in the first quarter of 2017, Barometer portfolio manager Jim Schetakis said GM should exit the money-losing sedan business like rivals Ford Motor Co (F.N) and Fiat Chrysler Automobiles (FCHA.MI) have done and possibly split off its China operations, Barra has had enough time as CEO, he said, “The board has to walk out to the mound and take the ball away,” he said..

(Reuters) - Apple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple’s internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents. Bloomberg said it stood by its report, published earlier this month. “There is no truth in their story about Apple,” Cook told BuzzFeed News in an interview with the online publication. “They need to do that right thing and retract it.”.

Apple confirmed the accuracy of the BuzzFeed News report to Reuters cool bobble head cat in sunglasses cufflinks but declined to comment further, Cook’s comments follow a denial by Apple that Bloomberg included in its story, a statement posted on Apple’s own website, and a letter to U.S, lawmakers, Apple declined to say whether it planned to take legal action against Bloomberg, In response to questions from Reuters about Cook’s request for a retraction in the BuzzFeed News story on Friday, Bloomberg reiterated that it was confident of its reporting, conducted over more than a year, The news agency said that 17 sources confirmed “the manipulation of hardware and other elements of the attacks.”..

NEW YORK (Reuters) - The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co (PG.N) were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth. Shares of Procter & Gamble jumped 8.8 percent after the consumer goods company reported a surprise rise in first-quarter sales. The climb in Procter & Gamble shares lifted the Dow and helped advance the S&P 500 consumer staples index .SPLRCS 2.3 percent.

The consumer staples sector, which has underperformed the broader S&P 500 this year, was set for its biggest daily percentage gain since August 2015, Yet recent jitters regarding global trade tensions and rising interest rates, which have weighed U.S, stocks this week, persisted, The S&P 500 index closed below its 200-day moving average, cool bobble head cat in sunglasses cufflinks a key statistical indicator of long-term price trends, Defensive sectors - utilities .SPLRCU and real estate .SPLRCR in addition to consumer staples - led the S&P in percentage gains, signaling caution among investors..

Trade policy worries weighed on shares of Honeywell International Inc (HON.N), which erased early gains to end 1.1 percent lower after the industrial conglomerate said it was seeing slower growth in China and that tariffs would potentially cost it “hundreds of millions” of dollars in 2019. U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy. Home sales have now fallen for six straight months, and rising mortgage rates are expected to slow demand.

“There are still concerns you can see in the market regarding whether or not higher interest rates are going to weaken growth,” said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey, As a result, Krosby said, investors will be looking specifically for strong sales, not just profits, as the earnings season progresses, So far, 61.9 percent of S&P 500 companies have reported revenue above analyst expectations, below cool bobble head cat in sunglasses cufflinks the 73 percent average over the past four quarters, according to I/B/E/S data from Refinitiv..

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