Worth in q four the Fourth Quarter and bank of a big bank of america rather still posted a profit of two point three seven billion even given that loss and they take it as a sign from analysts that the bank has gotten past a fairly rough period. Ten. Market watchers are buzzing over news that General Electrics leadership is considering a breakup of the iconic u. S. Megacorporation c. E. O. John flannery had floated the idea before and said tuesday that g. E. Is quote looking aggressively at many permutations the story is big if true and as they say well keep an eye on it but to give you a sense of how big it is archies ashley banks joins us to explain what a breakup of this Mega Corporation would mean and how all these pieces of the puzzle could be put together or apart actually well barred wall street is now scrambling to evaluate the standalone value of g. E. s visit says now over the last year the companys stock has been the worst performing on the Dow Jones Industrial average accor
In the blocks and sector is the unity of these of these two great systems into into one apparatus into one machine and what that means is that it dramatically reduces counterparty risk so in a conventional Payment System you know your pain but theyre trusting you theyre testing the pay or the trust in the bank has got to trust everybody else until the final thought about happens two three days later with Crypto Asset Exchange its really is like exchanging physical property once the payment is confirmed then it is done theres no charge backs youre completed so the current kind of party risk of reduced to virtually nothing which is why i think wall streets going to get more and more interested in this technology and i think thats what happens its going to happen because its going to outperform the Old Fashioned systems little by little well i do agree with. I think you know maybe thirty forty years from now or our grandkids will think how quaint it was we carry pieces of paper you know a
Energy Financial Services g. E. Real estate g. E. Oil and gas and many others although industrial analyst Brian Ilagan Berg says the g. E. s healthcare and aviation units are doing well in General Electric will likely break up as a business as starting as early as the spring theres a porsche l. Shareholder returns and the past year now a recent review found g. E. Is looking to take a six point two billion dollars after tax charge for the Fourth Quarter of twenty seventeen now the companys c. E. O. John flannery said we are looking aggressively as the best structure or structures for our portfolio to maximize the potential of our businesses the company is also expected to contribute fifteen billion dollars over the next seven years to shore up the portfolios reservoir reserves excuse me j. P. Morgan comment at saying this to us is not about. Sense of Value Creation and more an acknowledgement that the problems for crude the company from moving forward as previously planned even a few mo
The EOS received a whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA). EOS will start trading on BitTrade in Japan in…