last quarter

last quarter

digital orders

digital orders

the company

the company

growth

growth

this year

this year

28 %

28 %

stock

stock

recent

recent

bump

bump

first-quarter

first-quarter

digital orders

digital orders

growth

growth

first-quarter

first-quarter

digital-ordering

digital-ordering

record

record

pickup times for mobile orders

pickup times for mobile orders

improvements

improvements

marketing

marketing

initial

initial

Chipotle

Chipotle

rollout

rollout

Chipotle

Chipotle

smarter pickup times

smarter pickup times

announced

announced

recent

recent

the company

the company

earnings call

earnings call

the prior year

the prior year

digital orders

digital orders

53.5 %

53.5 %

the company

the company

increased

increased

issues

issues

Recently

Recently

Chipotle

Chipotle

issues

issues

last year 's third-quarter

last year 's third-quarter

Ells

Ells

earnings call

earnings call

replaced

replaced

rollout

rollout

some of the highest-volume markets

some of the highest-volume markets

this new technology

this new technology

added

added

the company

the company

rollout

rollout

marketing efforts

marketing efforts

rewrite

rewrite

improvements

improvements

chief restaurant officer

chief restaurant officer

Scott Boatwright

Scott Boatwright

newly announced position

newly announced position

some locations

some locations

as much as 50 % of the sales

as much as 50 % of the sales

digital orders

digital orders

sales

sales

future

future

Chipotle

Chipotle

50 % of the sales

50 % of the sales

digitally

digitally

sales

sales

smarter pickup times

Chipotle

Chipotle

smarter pickup times

improve store efficiency

Chipotle

Chipotle

improve store efficiency

disappointed customers

Chipotle

Chipotle

disappointed customers

improve the efficiency

Chipotle

Chipotle

improve the efficiency

keep up with the demand

Chipotle

Chipotle

keep up with the demand

potential growth

Chipotle

Chipotle

potential growth

Early successes

Chipotle

Chipotle

Early successes

execution issues

Chipotle

Chipotle

execution issues

shorter and more accurate

Chipotle

Chipotle

shorter and more accurate

technology enhancement

Chipotle

Chipotle

technology enhancement

being overwhelmed

Chipotle

Chipotle

being overwhelmed

incredible potential

Chipotle

Chipotle

incredible potential

confident in our teams ' ability

Chipotle

Chipotle

confident in our teams ' ability

management is excited

Chipotle

Chipotle

management is excited

one of the worst experiences

Chipotle

Chipotle

one of the worst experiences

slowing down

Chipotle

Chipotle

slowing down

very busy employees

Chipotle

Chipotle

very busy employees

Chipotle

Chipotle

more appealing

Chipotle

Chipotle

more appealing

more efficient

Chipotle

Chipotle

more efficient

hungry customers

Chipotle

Chipotle

hungry customers

reduced errors

Chipotle

Chipotle

reduced errors

struggling

Chipotle

Chipotle

struggling

growing digital

Chipotle

Chipotle

growing digital

Chipotle

Chipotle

enhance store efficiency

Chipotle

Chipotle

enhance store efficiency

be excited about a future

Chipotle

Chipotle

be excited about a future

make this happen

Chipotle

Chipotle

make this happen

Chipotle Is Betting on Digital
While the company saw tremendous growth in digital orders last quarter due to its `` smarter pickup times '' technology , it needs to improve store efficiency to reach a digitally enabled future .
On-the-comeback-trail burrito maker Chipotle Mexican Grill has seen a positive run for its stock , up 28 % so far this year , with a recent bump sparked by first-quarter results that showed surprising growth in digital orders .
The digital-ordering record was the result of improvements in pickup times for mobile orders , and of marketing the digital experience .
While the initial rollout has had some disappointed customers , Chipotle has plans to improve the efficiency of its stores to keep up with the demand .
Read on for details of Chipotle 's digitally enabled future , and what it could mean for customers , stores , and potential growth for the company .
Early successes , and some execution issues
In a February press release , Chipotle announced `` smarter pickup times , '' allowing customers who order digitally to get `` shorter and more accurate '' pickup windows .
Curt Garner , Chipotle 's chief information officer , described the technology enhancement to `` keep our restaurants from being overwhelmed with digital orders , particularly at peak times . ''
In the most recent earnings call , the company revealed that digital orders had increased 53.5 % over the prior year .
CEO Steve Ells went on to say that he was `` excited about the incredible potential of digital ordering and confident in our teams ' ability to fulfill these digital orders . ''
While management is excited , some customers are experiencing issues , including some of my Motley Fool colleagues and I.
Adam Levine-Weinberg wrote that using the mobile app to order and pick up was '' one of the worst experiences '' he 's had at Chipotle while Rick Munarriz wrote that the popularity of online ordering is slowing down the process for other customers .
I 've seen these issues firsthand : Recently , I went to my local Chipotle to pick up an order I placed online .
There were several customers waiting for their pickup orders to be ready , a sea of paper order tickets on the separate assembly line for digital orderes , and a couple of very busy employees trying to manage the high volume of online orders .
Betting on tech
This is not the future state of digital ordering and technology that Ells described in last year 's third-quarter earnings call when he laid out plans to make `` digital ordering more appealing to our customers , '' and he finished the sentence with '' ... and more efficient for our restaurants . ''
This is an important point for investors , and hungry customers , to understand .
Chipotle 's customers have had mobile online-ordering capability since 2009 , and the ability to order via a web browser for even longer , but the orders have been made much the same way since the second `` make line '' was put in place .
Currently , online orders are printed on register paper and given to the second make line , which is a more compact line behind the main line .
Ells described a key planned efficiency change in Q3 last year : Paper tickets would be replaced with an `` advanced queuing system that takes advantage of a heads-up digital display . ''
This system sorts and breaks down the order data and presents it in an efficient way , so that the crew can assemble orders easily `` with reduced errors and more consistent portion sizes . ''
On the Q3 call , Ells admitted the stores were `` struggling to make the food on the second make line with a little piece of paper with a lot of abbreviation , '' but did n't indicate how long this rollout would take .
He went on to say that this new technology would be added selectively to some of the highest-volume markets .
While no updates on rollout timing were discussed on the two conference calls since , the company has high aspirations for its digitally enabled line .
Plans for growing digital
Chipotle is taking a three-pronged approach to making its digital-ordering future a reality .
First , Ells said in the most recent conference call that marketing efforts remain a priority .
Second , Garner said on the conference call that a `` wholesale rewrite '' of the mobile app is on the roadmap for 2017 to match improvements that have been made on the website .
Third , a push to enhance store efficiency will be part of Scott Boatwright 's job in the newly announced position of chief restaurant officer .
When these technology announcements were made in October 201 , Ells said that the second make line could make up as much as 50 % of the sales for some locations , with `` digital orders from all sources , including catering and delivery services . ''
While investors should be excited about a future where 50 % of the sales are digitally enabled , Chipotle still has a lot to do to make this happen .

Chipotle Is Betting on Digital While the company saw tremendous growth in digital orders last quarter due to its ` ` smarter pickup times ' ' technology , it needs to improve store efficiency to reach a digitally enabled future . On-the-comeback-trail burrito maker Chipotle Mexican Grill has seen a positive run for its stock , up 28 % so far this year , with a recent bump sparked by first-quarter results that showed surprising growth in digital orders . The digital-ordering record was the result of improvements in pickup times for mobile orders , and of marketing the digital experience . While the initial rollout has had some disappointed customers , Chipotle has plans to improve the efficiency of its stores to keep up with the demand . Read on for details of Chipotle ' s digitally enabled future , and what it could mean for customers , stores , and potential growth for the company . Early successes , and some execution issues In a February press release , Chipotle announced ` ` smarter pickup times , ' ' allowing customers who order digitally to get ` ` shorter and more accurate ' ' pickup windows . Curt Garner , Chipotle ' s chief information officer , described the technology enhancement to ` ` keep our restaurants from being overwhelmed with digital orders , particularly at peak times . ' ' In the most recent earnings call , the company revealed that digital orders had increased 53.5 % over the prior year . CEO Steve Ells went on to say that he was ` ` excited about the incredible potential of digital ordering and confident in our teams ' ability to fulfill these digital orders . ' ' While management is excited , some customers are experiencing issues , including some of my Motley Fool colleagues and I . Adam Levine-Weinberg wrote that using the mobile app to order and pick up was ' ' one of the worst experiences ' ' he ' s had at Chipotle while Rick Munarriz wrote that the popularity of online ordering is slowing down the process for other customers . I ' ve seen these issues firsthand : Recently , I went to my local Chipotle to pick up an order I placed online . There were several customers waiting for their pickup orders to be ready , a sea of paper order tickets on the separate assembly line for digital orderes , and a couple of very busy employees trying to manage the high volume of online orders . Betting on tech This is not the future state of digital ordering and technology that Ells described in last year ' s third-quarter earnings call when he laid out plans to make ` ` digital ordering more appealing to our customers , ' ' and he finished the sentence with ' ' . . . and more efficient for our restaurants . ' ' This is an important point for investors , and hungry customers , to understand . Chipotle ' s customers have had mobile online-ordering capability since 2009 , and the ability to order via a web browser for even longer , but the orders have been made much the same way since the second ` ` make line ' ' was put in place . Currently , online orders are printed on register paper and given to the second make line , which is a more compact line behind the main line . Ells described a key planned efficiency change in Q3 last year : Paper tickets would be replaced with an ` ` advanced queuing system that takes advantage of a heads-up digital display . ' ' This system sorts and breaks down the order data and presents it in an efficient way , so that the crew can assemble orders easily ` ` with reduced errors and more consistent portion sizes . ' ' On the Q3 call , Ells admitted the stores were ` ` struggling to make the food on the second make line with a little piece of paper with a lot of abbreviation , ' ' but did n't indicate how long this rollout would take . He went on to say that this new technology would be added selectively to some of the highest-volume markets . While no updates on rollout timing were discussed on the two conference calls since , the company has high aspirations for its digitally enabled line . Plans for growing digital Chipotle is taking a three-pronged approach to making its digital-ordering future a reality . First , Ells said in the most recent conference call that marketing efforts remain a priority . Second , Garner said on the conference call that a ` ` wholesale rewrite ' ' of the mobile app is on the roadmap for 2017 to match improvements that have been made on the website . Third , a push to enhance store efficiency will be part of Scott Boatwright ' s job in the newly announced position of chief restaurant officer . When these technology announcements were made in October 201 , Ells said that the second make line could make up as much as 50 % of the sales for some locations , with ` ` digital orders from all sources , including catering and delivery services . ' ' While investors should be excited about a future where 50 % of the sales are digitally enabled , Chipotle still has a lot to do to make this happen .


Costco

Costco

gains

gains

Costco

Costco

upbeat earnings

upbeat earnings

Costco

Costco

stronger-than-expected profits

stronger-than-expected profits

Costco

Costco

sales

sales

Costco

Costco

boosting its stock price

boosting its stock price

quarter that ended on May 7

quarter that ended on May 7

Costco

Costco

$ 700m , or $ 1.59 a share

$ 700m , or $ 1.59 a share

year-ago period late on Thursday

year-ago period late on Thursday

$ 545m , or $ 1.24 a share

$ 545m , or $ 1.24 a share

Costco

Costco

Costco

Costco

earnings per share

earnings per share

Costco

Costco

topped Wall Street estimates

topped Wall Street estimates

Friday afternoon

Friday afternoon

1.8 per cent

1.8 per cent

Shares in Costco

Shares in Costco

$ 177.86

$ 177.86

Shares in Costco rose

Shares in Costco rose

the year

the year

Shares in Costco

Shares in Costco

11.1 per cent

11.1 per cent

Shares in Costco rose

Shares in Costco rose

Costco

Costco

upbeat like-for-like sales figures

upbeat like-for-like sales figures

732 warehouses

732 warehouses

Costco

Costco

operates 732 warehouses

operates 732 warehouses

Costco

Costco

consumers

consumers

draws consumers in

draws consumers in

on-site gas stations

on-site gas stations

Costco

Costco

operating on-site gas stations

operating on-site gas stations

customers

customers

reducing costs

reducing costs

Costco

Costco

loyal membership base

loyal membership base

Comparable-store

Comparable-store

5 per cent

5 per cent

better

better

US

US

like-for-like sales

like-for-like sales

6 per cent

6 per cent

Costco

Costco

sales rose

sales rose

Meanwhile

Meanwhile

$ 28.2 bn

$ 28.2 bn

total revenues increased

total revenues increased

shy of analyst forecasts of $ 28.5 bn .

shy of analyst forecasts of $ 28.5 bn .

shy of analyst forecasts

shy of analyst forecasts

10 per cent

10 per cent

June 1

June 1

membership fees

membership fees

Costco

Costco

raise

raise

New York

New York

By close of trading

By close of trading

new record high

new record high

S&P 500

S&P 500

clocked

clocked

S&P 500

S&P 500

1.4 per cent

1.4 per cent

rose

rose

so far this year

so far this year

S&P technology sector

S&P technology sector

20 per cent

20 per cent

up

up

Elsewhere

Elsewhere

$ 22.22

$ 22.22

5.9 per cent

5.9 per cent

shares in electronics retailer GameStop

shares in electronics retailer GameStop

GameStop

GameStop

annual outlook unchanged

annual outlook unchanged

software

software

mobile

mobile

weakness in software and mobile sales

weakness in software and mobile sales

Nintendo Switch

Nintendo Switch

GameStop

GameStop

Thursday

Thursday

shares in rival retailer Best Buy

shares in rival retailer Best Buy

all-time high

all-time high

lifted shares

lifted shares

GameStop

GameStop

profitability

profitability

GameStop

GameStop

video game

video game

declining video game sales

declining video game sales

Switch

Switch

Nintendo

Nintendo

Sales

Sales

Nintendo

Nintendo

new games

new games

GameStop

GameStop

not be enough to raise total earnings

not be enough to raise total earnings

not be enough

not be enough

GameStop

GameStop

raise total earnings

raise total earnings

Thursday evening

Thursday evening

GameStop

GameStop

$ 3.10 to $ 3.40

$ 3.10 to $ 3.40

$ 3.10 to $ 3.40

$ 3.10 to $ 3.40

GameStop

GameStop

earnings-per-share

earnings-per-share

comparable sales

comparable sales

sales either flat

sales either flat

comparable sales

comparable sales

5 per cent

5 per cent

sales either flat or falling

sales either flat or falling

GameStop

GameStop

hardware

hardware

Switch

Switch

increase in hardware sales

increase in hardware sales

retailer gloom

retailer

retailer

retailer gloom

bucked the weakness

Costco

Costco

bucked the weakness

weakness

many bricks-and-mortar retailers

many bricks-and-mortar retailers

weakness

up 11.1 per cent

Costco

Costco

up 11.1 per cent

gloomy results

number of other retailers

number of other retailers

gloomy results

Department stores

Department stores

Costco

Costco

Costco

Costco

Amazon proof and ecommerce proof

Costco

Costco

Amazon proof and ecommerce proof

Consumers find value in that

Costco

Costco

Consumers find value in that

further boost the company

Costco

Costco

further boost the company

Costco

Costco

GameStop

GameStop

Consumer demand has been very strong

Switch

Switch

GameStop

GameStop

Consumer demand has been very strong

Switch

Switch

GameStop

GameStop

will face a difficult comparison

new software sales

new software sales

GameStop

GameStop

will face a difficult comparison

Costco makes gains despite retailer gloom with upbeat earnings
Costco bucked the weakness that hit many bricks-and-mortar retailers at the start of this year , with stronger-than-expected profits and sales , boosting its stock price .
The wholesale chain said profits in the quarter that ended on May 7 rose to $ 700m , or $ 1.59 a share , compared with $ 545m , or $ 1.24 a share , in the year-ago period late on Thursday .
Excluding a one-time item , earnings per share of $ 1.40 topped Wall Street estimates by 9 cents .
Shares in Costco rose 1.8 per cent to $ 177.86 on Friday afternoon , up 11.1 per cent for the year .
The upbeat like-for-like sales figures -- altered where necessary so that a correct comparison can be made with a previous period -- stand in stark contrast with the gloomy results disclosed by a number of other retailers in the first months of 2017 .
Department stores in particular had a tough go at it as consumers increasingly shun shopping malls .
Costco , which operates 732 warehouses , including 510 in the US , differs from many retailers because it runs a membership model that has remained robust , guaranteeing income .
One way the store draws consumers in is by operating on-site gas stations , said John Brick , an analyst at Morningstar , with the ability to buy items in bulk -- ranging from oatmeal to T-shirts -- generally reducing costs to customers and further insulating it from the growing threat of online shopping .
`` They have a loyal membership base with their annual membership , '' he said .
`` They are really Amazon proof and ecommerce proof because of the value proposition supported by bulk offering and fuel sales .
Consumers find value in that . ''
Comparable-store sales , a key metric for retailers , climbed 5 per cent , better than the 4 per cent rise that analysts had forecast .
In the US , Costco 's biggest market , like-for-like sales rose 6 per cent .
Meanwhile , total revenues increased 8 per cent to $ 28.2 bn , shy of analyst forecasts of $ 28.5 bn .
On June 1 Costco will raise membership fees 10 per cent , which analysts expect will further boost the company .
`` They have done this in the past and the renewal rates have historically not been harmed , '' said Mr Brick .
`` It 's a big part of our thesis . ''
By close of trading in New York , the S&P 500 clocked a new record high , buoyed by large-cap technology shares .
For the week , the benchmark rose 1.4 per cent with the S&P technology sector now up nearly 20 per cent so far this year .
Elsewhere , shares in electronics retailer GameStop fell 5.9 per cent to $ 22.22 after it left its annual outlook unchanged on expectations of continued weakness in software and mobile sales , despite better than expected Nintendo Switch sales .
While Nintendo 's new console lifted shares in rival retailer Best Buy to an all-time high on Thursday , investors remained concerned over GameStop 's profitability in the face of declining video game sales , both used and new .
Sales in Switch , which comes with concerns about availability and new games in the pipeline , will not be enough to raise total earnings , according to analysts .
Instead GameStop on Thursday evening reiterated its full-year earnings-per-share guidance of $ 3.10 to $ 3.40 , with comparable sales either flat or falling as much as 5 per cent .
`` Switch was the driver of the increase in hardware sales , '' said Robert Lloyd , the company 's chief financial officer .
`` Consumer demand has been very strong and we 've consistently and quickly sold out of our allocations . ''
He added that `` as of today , we do not have complete insight into the total number of units we can expect in Q2 '' and that new software sales `` will face a difficult comparison '' to the popular games that came out last year .

Costco makes gains despite retailer gloom with upbeat earnings Costco bucked the weakness that hit many bricks-and-mortar retailers at the start of this year , with stronger-than-expected profits and sales , boosting its stock price . The wholesale chain said profits in the quarter that ended on May 7 rose to $ 700m , or $ 1.59 a share , compared with $ 545m , or $ 1.24 a share , in the year-ago period late on Thursday . Excluding a one-time item , earnings per share of $ 1.40 topped Wall Street estimates by 9 cents . Shares in Costco rose 1.8 per cent to $ 177.86 on Friday afternoon , up 11.1 per cent for the year . The upbeat like-for-like sales figures - - altered where necessary so that a correct comparison can be made with a previous period - - stand in stark contrast with the gloomy results disclosed by a number of other retailers in the first months of 2017 . Department stores in particular had a tough go at it as consumers increasingly shun shopping malls . Costco , which operates 732 warehouses , including 510 in the US , differs from many retailers because it runs a membership model that has remained robust , guaranteeing income . One way the store draws consumers in is by operating on-site gas stations , said John Brick , an analyst at Morningstar , with the ability to buy items in bulk - - ranging from oatmeal to T-shirts - - generally reducing costs to customers and further insulating it from the growing threat of online shopping . ` ` They have a loyal membership base with their annual membership , ' ' he said . ` ` They are really Amazon proof and ecommerce proof because of the value proposition supported by bulk offering and fuel sales . Consumers find value in that . ' ' Comparable-store sales , a key metric for retailers , climbed 5 per cent , better than the 4 per cent rise that analysts had forecast . In the US , Costco ' s biggest market , like-for-like sales rose 6 per cent . Meanwhile , total revenues increased 8 per cent to $ 28.2 bn , shy of analyst forecasts of $ 28.5 bn . On June 1 Costco will raise membership fees 10 per cent , which analysts expect will further boost the company . ` ` They have done this in the past and the renewal rates have historically not been harmed , ' ' said Mr Brick . ` ` It ' s a big part of our thesis . ' ' By close of trading in New York , the S & P 500 clocked a new record high , buoyed by large-cap technology shares . For the week , the benchmark rose 1.4 per cent with the S & P technology sector now up nearly 20 per cent so far this year . Elsewhere , shares in electronics retailer GameStop fell 5.9 per cent to $ 22.22 after it left its annual outlook unchanged on expectations of continued weakness in software and mobile sales , despite better than expected Nintendo Switch sales . While Nintendo ' s new console lifted shares in rival retailer Best Buy to an all-time high on Thursday , investors remained concerned over GameStop ' s profitability in the face of declining video game sales , both used and new . Sales in Switch , which comes with concerns about availability and new games in the pipeline , will not be enough to raise total earnings , according to analysts . Instead GameStop on Thursday evening reiterated its full-year earnings-per-share guidance of $ 3.10 to $ 3.40 , with comparable sales either flat or falling as much as 5 per cent . ` ` Switch was the driver of the increase in hardware sales , ' ' said Robert Lloyd , the company ' s chief financial officer . ` ` Consumer demand has been very strong and we ' ve consistently and quickly sold out of our allocations . ' ' He added that ` ` as of today , we do not have complete insight into the total number of units we can expect in Q2 ' ' and that new software sales ` ` will face a difficult comparison ' ' to the popular games that came out last year .


CHEVRON'S

CHEVRON'S

DIVIDEND

DIVIDEND

in the world

in the world

over the course of its long history

over the course of its long history

Chevron

Chevron

grown

grown

recent

recent

crude

crude

performance

performance

many industry stocks

many industry stocks

knocked many industry stocks for a loop

knocked many industry stocks for a loop

share-price hit

share-price hit

Chevron

Chevron

earnings have fallen

earnings have fallen

Chevron

Chevron

Chevron

Chevron

dividend is relatively safe

dividend is relatively safe

Chevron

Chevron

steadily increasing dividend payouts

steadily increasing dividend payouts

three-decade

three-decade

Chevron

Chevron

annual dividend increases

annual dividend increases

Chevron

Chevron

steadily rising quarterly payouts

steadily rising quarterly payouts

Chevron

Chevron

reliable increases

reliable increases

Chevron

Chevron

dividend growth

dividend growth

Chevron

Chevron

quarterly payouts have grown

quarterly payouts have grown

late 2016

late 2016

Chevron

Chevron

dividend increase

dividend increase

since 2014

since 2014

its first

its first

late in the year

late in the year

it

it

throughout 2016

throughout 2016

Chevron

Chevron

paid

paid

Chevron

Chevron

Chevron

Chevron

dividend increase

dividend increase

late last year

late last year

less than 1 %

less than 1 %

Chevron

Chevron

boost

boost

in the past

in the past

double-digit percentage

double-digit percentage

Chevron

Chevron

increases

increases

Chevron

Chevron

earnings have suffered

earnings have suffered

right now

right now

Chevron

Chevron

poor market conditions

poor market conditions

Chevron

Chevron

oil

oil

Plunging oil prices

Plunging oil prices

Chevron

Chevron

asset writedowns

asset writedowns

in multiple quarters

in multiple quarters

Chevron

Chevron

GAAP losses in multiple quarters

GAAP losses in multiple quarters

GAAP losses

GAAP losses

crude

crude

stabilized

stabilized

Chevron

Chevron

n't enough to cover its dividends

n't enough to cover its dividends

profit

profit

nearly 300 %

nearly 300 %

payout ratios have ballooned

payout ratios have ballooned

Chevron

Chevron

Overpaying dividends

Overpaying dividends

this year

this year

Chevron

Chevron

more than $ 4 per share

more than $ 4 per share

earnings

earnings

in 2018

in 2018

Chevron

Chevron

more than $ 5.25 per share

more than $ 5.25 per share

earnings

earnings

recent

recent

below $ 50 per barrel

below $ 50 per barrel

crude

crude

drop in crude prices

drop in crude prices

sustainable level

sustainable level

Chevron

Chevron

earnings can return

earnings can return

Chevron

Chevron

cover its dividend

cover its dividend

In the long run

In the long run

oil

oil

Chevron

Chevron

prices can recover

prices can recover

oil

oil

Chevron

Chevron

low range

low range

for an extended period of time

for an extended period of time

Chevron

Chevron

oil

oil

falls

falls

susceptible to the ups and downs

Chevron

Chevron

susceptible to the ups and downs

the stresses

Chevron

Chevron

the stresses

good job of rewarding shareholders

Chevron

Chevron

good job of rewarding shareholders

Dividend Aristocrat

Chevron

Chevron

Dividend Aristocrat

always been consistent

Chevron

Chevron

always been consistent

barely qualified

Chevron

Chevron

barely qualified

extend its track record

Chevron

Chevron

extend its track record

unsustainable in the long run

Chevron

Chevron

unsustainable in the long run

safer position

Chevron

Chevron

safer position

dividend growth

Chevron

Chevron

dividend growth

sacrifice on capital expenditures

Chevron

Chevron

sacrifice on capital expenditures

boost future production

Chevron

Chevron

boost future production

worried about the dividend

Chevron

Chevron

worried about the dividend

HOW SAFE IS CHEVRON'S DIVIDEND?

Chevron is one of the largest oil and gas companies in the world , and it has grown substantially over the course of its long history .
All energy companies are susceptible to the ups and downs of the oil market , and recent poor performance in crude has knocked many industry stocks for a loop .
Chevron has n't taken that big of a share-price hit , but its earnings have fallen enough to make some nervous about the sustainability of its lucrative dividend yield .
Given its track record as a dividend stalwart , Chevron 's dividend is relatively safe , but investors are right that the stresses on its payout policy are greater than usual .
Chevron has done a good job of rewarding shareholders with steadily increasing dividend payouts .
The integrated oil giant qualifies as a Dividend Aristocrat , and a nearly three-decade track record of annual dividend increases point to the tenacity that Chevron has shown in ensuring that investors can count on steadily rising quarterly payouts from their shareholdings .
Despite reliable increases , Chevron has n't always been consistent about the amount of dividend growth it provides .
As you can see in the chart below , there have been periods during which Chevron 's quarterly payouts have grown at a feverish pace .
At other times , the oil giant has just barely qualified to see its streak continue , using a technicality to extend its track record .
For instance , the dividend increase Chevron made in late 2016 was its first since 2014 , but because it was made late in the year , the total amount of dividends that Chevron paid throughout 2016 was higher than it had been in 2015 , which in turn was slightly higher than the 2014 total .
Chevron has also been increasingly stingy with its dividend increase .
The boost it made late last year was just $ 0.01 per share on a quarterly basis or less than 1 % .
That pales in comparison to double-digit percentage increases that investors have seen in the past .
The reason for Chevron 's hesitation is fairly obvious , though : its earnings have suffered in the poor market conditions prevailing right now .
Plunging oil prices led to asset writedowns that in turn created GAAP losses in multiple quarters .
Even once crude stabilized , the amount of profit Chevron made was n't enough to cover its dividends .
That 's the reason why payout ratios have ballooned to nearly 300 % .
Overpaying dividends relative to earnings and cash flow is unsustainable in the long run , but some investors are hopeful about Chevron 's near-term future prospects .
Current consensus projections put earnings at more than $ 4 per share this year and more than $ 5.25 per share in 2018 , and that already reflects the recent drop in crude prices back below $ 50 per barrel .
If earnings can return to a more sustainable level , then the oil giant should find itself in a much safer position to cover its dividend through earnings .
In the long run , Chevron will do best if oil prices can recover from their current levels .
That way , the company will be able to recommit to more substantial dividend growth without having to sacrifice on capital expenditures to boost future production .
If oil stays in its current low range or falls from here for an extended period of time , then Chevron investors should start to get more worried about the dividend .

HOW SAFE IS CHEVRON'S DIVIDEND ? Chevron is one of the largest oil and gas companies in the world , and it has grown substantially over the course of its long history . All energy companies are susceptible to the ups and downs of the oil market , and recent poor performance in crude has knocked many industry stocks for a loop . Chevron has n't taken that big of a share-price hit , but its earnings have fallen enough to make some nervous about the sustainability of its lucrative dividend yield . Given its track record as a dividend stalwart , Chevron ' s dividend is relatively safe , but investors are right that the stresses on its payout policy are greater than usual . Chevron has done a good job of rewarding shareholders with steadily increasing dividend payouts . The integrated oil giant qualifies as a Dividend Aristocrat , and a nearly three-decade track record of annual dividend increases point to the tenacity that Chevron has shown in ensuring that investors can count on steadily rising quarterly payouts from their shareholdings . Despite reliable increases , Chevron has n't always been consistent about the amount of dividend growth it provides . As you can see in the chart below , there have been periods during which Chevron ' s quarterly payouts have grown at a feverish pace . At other times , the oil giant has just barely qualified to see its streak continue , using a technicality to extend its track record . For instance , the dividend increase Chevron made in late 2016 was its first since 2014 , but because it was made late in the year , the total amount of dividends that Chevron paid throughout 2016 was higher than it had been in 2015 , which in turn was slightly higher than the 2014 total . Chevron has also been increasingly stingy with its dividend increase . The boost it made late last year was just $ 0.01 per share on a quarterly basis or less than 1 % . That pales in comparison to double-digit percentage increases that investors have seen in the past . The reason for Chevron ' s hesitation is fairly obvious , though : its earnings have suffered in the poor market conditions prevailing right now . Plunging oil prices led to asset writedowns that in turn created GAAP losses in multiple quarters . Even once crude stabilized , the amount of profit Chevron made was n't enough to cover its dividends . That ' s the reason why payout ratios have ballooned to nearly 300 % . Overpaying dividends relative to earnings and cash flow is unsustainable in the long run , but some investors are hopeful about Chevron ' s near-term future prospects . Current consensus projections put earnings at more than $ 4 per share this year and more than $ 5.25 per share in 2018 , and that already reflects the recent drop in crude prices back below $ 50 per barrel . If earnings can return to a more sustainable level , then the oil giant should find itself in a much safer position to cover its dividend through earnings . In the long run , Chevron will do best if oil prices can recover from their current levels . That way , the company will be able to recommit to more substantial dividend growth without having to sacrifice on capital expenditures to boost future production . If oil stays in its current low range or falls from here for an extended period of time , then Chevron investors should start to get more worried about the dividend .


Disney

Disney

Premium video on demand

Premium video on demand

Viacom

Viacom

big opportunities

big opportunities

Disney

Disney

viewing habits

viewing habits

changing viewing habits

changing viewing habits

$ 3-4bn

$ 3-4bn

Disney

Disney

Time Warner

Time Warner

21st Century Fox

21st Century Fox

Lions Gate Entertainment

Lions Gate Entertainment

Viacom

Viacom

Comcast

Comcast

market opportunity

market opportunity

high quality TV

high quality TV

Netflix

Netflix

increasing competition

increasing competition

movie business

movie business

pressure

pressure

unprecedented

unprecedented

Disney

Disney

unprecedented

unprecedented

unprecedented profits

unprecedented profits

last year

last year

removing Disney , the remaining studios

removing Disney , the remaining studios

$ 1bn

$ 1bn

generated

generated

last year

last year

Sony

Sony

Paramount

Paramount

losses

losses

last year

last year

AMC Entertainment Holding

AMC Entertainment Holding

Regal Entertainment Group

Regal Entertainment Group

Cinemark Holdings

Cinemark Holdings

$ 2bn

$ 2bn

EBITDA

EBITDA

10:18 a.m. today

10:18 a.m. today

1.4 %

1.4 %

$ 105.98

$ 105.98

Walt Disney

Walt Disney

fallen

fallen

10:18 a.m. today

10:18 a.m. today

$ 27.77

$ 27.77

1.3 %

1.3 %

Lions Gate Entertainment

Lions Gate Entertainment

declined

declined

10:18 a.m. today

10:18 a.m. today

$ 33.54

$ 33.54

Viacom

Viacom

1.7 %

1.7 %

dropped

dropped

10:18 a.m. today

10:18 a.m. today

Comcast

Comcast

0.1 %

0.1 %

$ 38.40

$ 38.40

ticked up

ticked up

2.9 %

2.9 %

$ 22.52

$ 22.52

AMC Entertainment Holding

AMC Entertainment Holding

tumbled

tumbled

$ 20.07

$ 20.07

1.5 %

1.5 %

Regal Entertainment Group

Regal Entertainment Group

slumped

slumped

1.3 %

1.3 %

Cinemark Holdings

Cinemark Holdings

$ 38.03

$ 38.03

is off

is off

big risks

Viacom

Viacom

Disney

Disney

big risks

ESPN problem

Walt Disney 's ( DIS )

Walt Disney 's ( DIS )

ESPN problem

those channels are struggling too

Walt Disney 's ( DIS )

Walt Disney 's ( DIS )

those channels are struggling too

hit Disney

Disney

Disney

hit Disney

incredible run

Disney

Disney

incredible run

opportunity

Media stocks

Media stocks

opportunity

studios

studios

Premium video on demand

Premium video on demand

Disney

Disney

benefit

Comcast

Comcast

Lions Gate Entertainment

Lions Gate Entertainment

Viacom

Viacom

Disney

Disney

Time Warner

Time Warner

21st Century Fox

21st Century Fox

benefit

high quality TV

Netflix

Netflix

high quality TV

favorable economics

P-VOD

P-VOD

favorable economics

Comcast

Comcast

Lions Gate Entertainment

Lions Gate Entertainment

Viacom

Viacom

Disney

Disney

Time Warner

Time Warner

21st Century Fox

21st Century Fox

Disney : What 's Worth More Than a Movie Ticket ?
Premium video on demand could be coming providing big opportunities for media companies like Disney and Viacom , but also big risks .
Walt Disney 's ( DIS ) ESPN problem is well known , but the Wall Street Journal reminded its readers yesterday that there 's more to its cable business than the sports giant -- and those channels are struggling too .
The problems stem from consumers ' changing viewing habits -- as Disney acknowledged in the article -- and its worth remembering that T.V. is n't the only business that 's being disrupted .
Movies being hit too , as more viewers choose to watch online .
That has n't hit Disney , which has had an incredible run Star Wars , Marvel , and its live adaptations of cartoon classics , but it has impacted other studios .
The solution : Premium video on demand , say Morgan Stanley 's Benjamin Swinburne and team .
they explain why : What is the opportunity for the Media stocks ?
Premium video on demand P-VOD rental worth 2-3x more to studios than a movie ticket .
Overweights Lions Gate Entertainment ( LGF.A ) , Viacom ( VIAB ) , Disney , and Comcast ( CMCSA ) could benefit along with 21st Century Fox ( FOXA ) and Time Warner ( TWX ) from this $ 3-4bn market opportunity .
Americans spend ~ $ 11bn to go to the movies each year , and another $ 12bn on home video digital and physical rental/purchase , excluding subscription VOD -- a pie that is flat to declining due to increasing competition from the explosion in high quality TV led by OW Netflix ( NFLX ) .
P-VOD 's favorable economics to studios illustrate that collapsing the theatrical window is a risk worth taking .
The movie business is under more pressure than the market generally appreciates , with overall returns elevated by Disney 's unprecedented profits .
In fact , removing Disney , the remaining studios generated just ~ $ 1bn in EBITDA last year after absorbing estimated losses from Sony and Paramount - or roughly half the ~ $ 2bn in EBITDA earned by the three largest Exhibitors AMC Entertainment Holding ( AMC ) , Regal Entertainment Group ( RGC ) , and Cinemark Holdings ( CNK ) .
Shares of Walt Disney have fallen 1.4 % to $ 105.98 at 10:18 a.m. today , while Lions Gate Entertainment has declined 1.3 % to $ 27.77 , Viacom has dropped 1.7 % to $ 33.54 , and Comcast has ticked up 0.1 % to $ 38.40 .
AMC Entertainment Holding has tumbled 2.9 % to $ 22.52 , Regal Entertainment Group has slumped 1.5 % to $ 20.07 , and Cinemark Holdings is off 1.3 % at $ 38.03 .

Disney : What ' s Worth More Than a Movie Ticket ? Premium video on demand could be coming providing big opportunities for media companies like Disney and Viacom , but also big risks . Walt Disney ' s ( DIS ) ESPN problem is well known , but the Wall Street Journal reminded its readers yesterday that there ' s more to its cable business than the sports giant - - and those channels are struggling too . The problems stem from consumers ' changing viewing habits - - as Disney acknowledged in the article - - and its worth remembering that T.V . is n't the only business that ' s being disrupted . Movies being hit too , as more viewers choose to watch online . That has n't hit Disney , which has had an incredible run Star Wars , Marvel , and its live adaptations of cartoon classics , but it has impacted other studios . The solution : Premium video on demand , say Morgan Stanley ' s Benjamin Swinburne and team . they explain why : What is the opportunity for the Media stocks ? Premium video on demand P-VOD rental worth 2 - 3x more to studios than a movie ticket . Overweights Lions Gate Entertainment ( LGF.A ) , Viacom ( VIAB ) , Disney , and Comcast ( CMCSA ) could benefit along with 21st Century Fox ( FOXA ) and Time Warner ( TWX ) from this $ 3 - 4bn market opportunity . Americans spend ~ $ 11bn to go to the movies each year , and another $ 12bn on home video digital and physical rental / purchase , excluding subscription VOD - - a pie that is flat to declining due to increasing competition from the explosion in high quality TV led by OW Netflix ( NFLX ) . P-VOD ' s favorable economics to studios illustrate that collapsing the theatrical window is a risk worth taking . The movie business is under more pressure than the market generally appreciates , with overall returns elevated by Disney ' s unprecedented profits . In fact , removing Disney , the remaining studios generated just ~ $ 1bn in EBITDA last year after absorbing estimated losses from Sony and Paramount - or roughly half the ~ $ 2bn in EBITDA earned by the three largest Exhibitors AMC Entertainment Holding ( AMC ) , Regal Entertainment Group ( RGC ) , and Cinemark Holdings ( CNK ) . Shares of Walt Disney have fallen 1.4 % to $ 105.98 at 10 : 18 a.m . today , while Lions Gate Entertainment has declined 1.3 % to $ 27.77 , Viacom has dropped 1.7 % to $ 33.54 , and Comcast has ticked up 0.1 % to $ 38.40 . AMC Entertainment Holding has tumbled 2.9 % to $ 22.52 , Regal Entertainment Group has slumped 1.5 % to $ 20.07 , and Cinemark Holdings is off 1.3 % at $ 38.03 .


N.C.

N.C.

Duke Energy

Duke Energy

highlight

highlight

North Carolina

North Carolina

$ 300,000

$ 300,000

Duke Energy

Duke Energy

saved

saved

Duke Energy

Duke Energy

Big Boy 's Truck Stop

Big Boy 's Truck Stop

Duke Energy

Duke Energy

common sense feature

IdleAir

IdleAir

common sense feature

attract new drivers

Big Boy 's Truck Stop

Big Boy 's Truck Stop

attract new drivers

Duke Energy program

Duke Energy program

IdleAir

IdleAir

Duke Energy program

Duke Energy program

Big Boy 's Truck Stop

Big Boy 's Truck Stop

IdleAir

IdleAir

Convoy Solutions LLC

Convoy Solutions LLC

Fuel savings and improved air quality highlight Duke Energy 's truck-stop effort in N.C.
More than 25,000 gallons of truck fuel is projected to be saved annually as part of a $ 300,000 Duke Energy project to fund electrification at a North Carolina truck stop .
Big Boy 's Truck Stop , in the Johnston County town of Kenly , will soon have 24 truck electrification stations where drivers can pay to plug in and avoid idling engines .
This will be an economical way to provide electricity and hot or cold air during overnight stays .
Additionally , four plugs will provide standby power for refrigerated cargo to avoid the need to run diesel compressors .
`` The economic and environmental aspects of the projects are terrific .
It allows drivers to use technology to lower their own carbon footprint in the course of their daily work that benefits our environment , '' said Melisa Johns , Duke Energy 's vice president , business development .
On an annual basis , the project should reduce carbon dioxide emissions by almost 500 tons and reduce volatile organic compounds ( VOCs ) and nitrogen oxide emissions by more than 2 tons .
IdleAir , located in Knoxville , Tenn. , will install and maintain the stations .
They are expected to complete installation before this summer .
`` This is a common sense feature that helps truckers get a cleaner , quieter night 's sleep , while saving them money and sparing the community from significant emissions , '' said Mark Miller , president of Convoy Solutions , provider of IdleAir .
Each year , more than 2 billion gallons of diesel are wasted by overnight idling , according to a study from Argonne National Labs .
Idling is the industry standard method of providing overnight comfort to the more than 1 million drivers who sleep in their trucks each night .
The family-owned Big Boy 's Truck Stop is located at 595 Bagley Road , Kenly , N.C. -- off I-95 , exit 105 .
`` We 're eager to attract new drivers , and give all guests an alternative to idling , '' said owner Walter Powell Jr. `` This will help us be better neighbors in our community , which means a lot to our business . ''
The Duke Energy program was part of a 2015 settlement with the U.S. Environmental Protection Agency and environmental groups .
IdleAir , is a privately held company that provides a menu of choices -- both services and products - for America 's hard-working long-haul truck drivers .
These solutions are alternatives to idling engines during rest periods that have both positive economic and environmental impacts to users , companies and the world we live in . ''
Based in East Tennessee , Convoy Solutions LLC , the proud provider of IdleAir , is a privately held company that provides a menu of choices -- both services and products - for America 's hard-working long-haul truck drivers .
These solutions are alternatives to idling engines during rest periods that have both positive economic and environmental impacts to users , companies and the world we live in .
The IdleAir product and service allows truck drivers to turn off their diesel engines and APU 's and still enjoy heating , cooling , standard electric inside and outside the cab , Satellite TV , Internet , and many of the comforts of home -- all while saving money and getting better sleep without the noise , vibration , and exhaust fumes from idling .

Fuel savings and improved air quality highlight Duke Energy ' s truck-stop effort in N.C . More than 25,000 gallons of truck fuel is projected to be saved annually as part of a $ 300,000 Duke Energy project to fund electrification at a North Carolina truck stop . Big Boy ' s Truck Stop , in the Johnston County town of Kenly , will soon have 24 truck electrification stations where drivers can pay to plug in and avoid idling engines . This will be an economical way to provide electricity and hot or cold air during overnight stays . Additionally , four plugs will provide standby power for refrigerated cargo to avoid the need to run diesel compressors . ` ` The economic and environmental aspects of the projects are terrific . It allows drivers to use technology to lower their own carbon footprint in the course of their daily work that benefits our environment , ' ' said Melisa Johns , Duke Energy ' s vice president , business development . On an annual basis , the project should reduce carbon dioxide emissions by almost 500 tons and reduce volatile organic compounds ( VOCs ) and nitrogen oxide emissions by more than 2 tons . IdleAir , located in Knoxville , Tenn . , will install and maintain the stations . They are expected to complete installation before this summer . ` ` This is a common sense feature that helps truckers get a cleaner , quieter night ' s sleep , while saving them money and sparing the community from significant emissions , ' ' said Mark Miller , president of Convoy Solutions , provider of IdleAir . Each year , more than 2 billion gallons of diesel are wasted by overnight idling , according to a study from Argonne National Labs . Idling is the industry standard method of providing overnight comfort to the more than 1 million drivers who sleep in their trucks each night . The family-owned Big Boy ' s Truck Stop is located at 595 Bagley Road , Kenly , N.C . - - off I - 95 , exit 105 . ` ` We ' re eager to attract new drivers , and give all guests an alternative to idling , ' ' said owner Walter Powell Jr . ` ` This will help us be better neighbors in our community , which means a lot to our business . ' ' The Duke Energy program was part of a 2015 settlement with the U.S . Environmental Protection Agency and environmental groups . IdleAir , is a privately held company that provides a menu of choices - - both services and products - for America ' s hard-working long-haul truck drivers . These solutions are alternatives to idling engines during rest periods that have both positive economic and environmental impacts to users , companies and the world we live in . ' ' Based in East Tennessee , Convoy Solutions LLC , the proud provider of IdleAir , is a privately held company that provides a menu of choices - - both services and products - for America ' s hard-working long-haul truck drivers . These solutions are alternatives to idling engines during rest periods that have both positive economic and environmental impacts to users , companies and the world we live in . The IdleAir product and service allows truck drivers to turn off their diesel engines and APU ' s and still enjoy heating , cooling , standard electric inside and outside the cab , Satellite TV , Internet , and many of the comforts of home - - all while saving money and getting better sleep without the noise , vibration , and exhaust fumes from idling .


Ford

Ford

1,400 jobs

1,400 jobs

cut

cut

Automaker

Automaker

sheds

sheds

Detroit

Detroit

Wednesday

Wednesday

Ford

Ford

1,400 jobs

1,400 jobs

cut

cut

by the end of September

by the end of September

Ford

Ford

cut

cut

Ford

Ford

confrontation

confrontation

on the campaign trail

on the campaign trail

Ford

Ford

singled out

singled out

$ 1.6 bn

$ 1.6 bn

Mexico

Mexico

factory

factory

cancelling

cancelling

in the past year

in the past year

Michigan and Ohio

Michigan and Ohio

more than 3,000 jobs

more than 3,000 jobs

General Motors

General Motors

cut

cut

since the great recession

since the great recession

US vehicle sales

US vehicle sales

downturn

downturn

this year

this year

17m from last year 's record 17.55 m

17m from last year 's record 17.55 m

Auto sales

Auto sales

fall

fall

Ford

Ford

pressure

pressure

protest

protest

flagging share price

flagging share price

sharply

sharply

fallen

fallen

after the announcement

after the announcement

1 per cent lower

1 per cent lower

trading

trading

Ford 's share price

Ford 's share price

weakness

weakness

Tesla

Tesla

Ford

Ford

market capitalisation

market capitalisation

surpass

surpass

year on year

year on year

Ford

Ford

fell

fell

$ 1.5 bn to $ 2bn

$ 1.5 bn to $ 2bn

falling

falling

pressure grows on profits

Ford

Ford

pressure grows on profits

risks clash with Trump

Ford

Ford

risks clash with Trump

chief executive Mark Fields

chief executive Mark Fields

Ford

Ford

sagging profits

Ford

Ford

sagging profits

trim costs by $ 3bn

Ford

Ford

trim costs by $ 3bn

affect the Ford shop floor

Ford

Ford

affect the Ford shop floor

announcing new jobs in the US

Ford

Ford

announcing new jobs in the US

Nissan

Nissan

Honda

Honda

Toyota

Toyota

Ford

Ford

surpass

Tesla

Tesla

surpass

surpass

Ford

Ford

surpass

Ford

Ford

fortifying the profit pillars

Ford

Ford

fortifying the profit pillars

Ford

Ford

Ford

Ford

Ford

Ford

under pressure

Ford

Ford

under pressure

Ford to cut 1,400 jobs as pressure grows on profits
Automaker risks clash with Trump as it sheds one in 10 salaried jobs in North America
Ford will cut 1,400 jobs , the Detroit automaker said on Wednesday , as chief executive Mark Fields faces pressure to improve sagging profits and boost its share price .
The move to cut about 10 per cent of Ford 's salaried workforce in North America and Asia by the end of September is part of a previously announced plan to trim costs by $ 3bn this year .
Staff in areas that support new technologies such as electrification and autonomous vehicles will not be affected .
The cuts will be made by voluntary means such as early retirement , the company said in a statement .
News of job cuts at Ford risks provoking a confrontation with President Donald Trump , who has often boasted of helping create or protect jobs in the US auto industry .
But the cuts do not affect the Ford shop floor , where Mr Trump 's political support is strongest .
Ford was singled out for criticism by the president on the campaign trail , but has since tried to placate him by cancelling a planned $ 1.6 bn factory in Mexico and announcing new jobs in the US .
Rival automaker General Motors has cut more than 3,000 jobs in Michigan and Ohio in the past year as US automakers prepare for the first downturn in US vehicle sales since the great recession .
Auto sales are expected to fall this year to about 17m from last year 's record 17.55 m.
`` I suspect this is just the beginning .
Others will have to tighten belts as well .
Toyota , Nissan , Honda , the Europeans -- all will have to focus on costs while they still invest in the future , '' said Michelle Krebs of Autotrader.com .
Ford 's management has come under pressure in recent weeks , including at last week 's annual general meeting , as shareholders protest the flagging share price which has fallen sharply in the nearly three years since Mr Fields took over .
It is unclear whether news of the job cuts will do much for Ford 's share price , which was trading 1 per cent lower soon after the announcement .
Ford 's share price weakness has allowed Tesla , the California electric car upstart , to surpass it in market capitalisation .
`` We remain focused on the three strategic priorities that will create value and drive profitable growth , which include fortifying the profit pillars in our core business , transforming traditionally underperforming areas of our core business and investing aggressively , but prudently , in emerging opportunities , '' Ford said in a statement .
`` Reducing costs and becoming as lean and efficient as possible also remain part of that work . ''
Ford is under pressure to protect profits in its traditional business while investing heavily in new technologies .
Its first-quarter earnings fell sharply year on year , with pre-tax profit in the automotive segment falling $ 1.5 bn to $ 2bn .

Ford to cut 1,400 jobs as pressure grows on profits Automaker risks clash with Trump as it sheds one in 10 salaried jobs in North America Ford will cut 1,400 jobs , the Detroit automaker said on Wednesday , as chief executive Mark Fields faces pressure to improve sagging profits and boost its share price . The move to cut about 10 per cent of Ford ' s salaried workforce in North America and Asia by the end of September is part of a previously announced plan to trim costs by $ 3bn this year . Staff in areas that support new technologies such as electrification and autonomous vehicles will not be affected . The cuts will be made by voluntary means such as early retirement , the company said in a statement . News of job cuts at Ford risks provoking a confrontation with President Donald Trump , who has often boasted of helping create or protect jobs in the US auto industry . But the cuts do not affect the Ford shop floor , where Mr Trump ' s political support is strongest . Ford was singled out for criticism by the president on the campaign trail , but has since tried to placate him by cancelling a planned $ 1.6 bn factory in Mexico and announcing new jobs in the US . Rival automaker General Motors has cut more than 3,000 jobs in Michigan and Ohio in the past year as US automakers prepare for the first downturn in US vehicle sales since the great recession . Auto sales are expected to fall this year to about 17m from last year ' s record 17.55 m . ` ` I suspect this is just the beginning . Others will have to tighten belts as well . Toyota , Nissan , Honda , the Europeans - - all will have to focus on costs while they still invest in the future , ' ' said Michelle Krebs of Autotrader.com . Ford ' s management has come under pressure in recent weeks , including at last week ' s annual general meeting , as shareholders protest the flagging share price which has fallen sharply in the nearly three years since Mr Fields took over . It is unclear whether news of the job cuts will do much for Ford ' s share price , which was trading 1 per cent lower soon after the announcement . Ford ' s share price weakness has allowed Tesla , the California electric car upstart , to surpass it in market capitalisation . ` ` We remain focused on the three strategic priorities that will create value and drive profitable growth , which include fortifying the profit pillars in our core business , transforming traditionally underperforming areas of our core business and investing aggressively , but prudently , in emerging opportunities , ' ' Ford said in a statement . ` ` Reducing costs and becoming as lean and efficient as possible also remain part of that work . ' ' Ford is under pressure to protect profits in its traditional business while investing heavily in new technologies . Its first-quarter earnings fell sharply year on year , with pre-tax profit in the automotive segment falling $ 1.5 bn to $ 2bn .


Facebook , Inc. 's Instagram

Facebook , Inc. 's Instagram

Snapchat

Snapchat

Beat

Beat

last year

last year

Facebook

Facebook

criticized

criticized

last year

last year

Instagram Stories

Instagram Stories

Facebook

Facebook

released

released

last year

last year

Instagram

Instagram

Critics

Critics

last year

last year

Instagram

Instagram

new

new

Messenger

Messenger

Facebook 's WhatsApp

Facebook 's WhatsApp

the core Facebook app

the core Facebook app

similar formats

similar formats

Facebook

Facebook

debuted

debuted

Instagram

Instagram

references

references

Instagram

Instagram

critics

critics

critics

critics

Instagram

Instagram

this battle

this battle

underdog

underdog

the smartphone camera

the smartphone camera

Snapchat

Snapchat

king

king

Facebook

Facebook

laggard

laggard

last August

last August

Instagram

Instagram

Facebook

Facebook

Stories

Stories

launched

launched

Facebook

Facebook

200 million

200 million

the format

the format

daily active users

daily active users

garnered

garnered

WhatsApp

WhatsApp

175 million daily

175 million daily

daily active users

daily active users

attracted

attracted

Instagram

Instagram

camera app

camera app

Snap

Snap

underdog

underdog

world

world

social networks

social networks

Instagram

Instagram

world 's largest

world 's largest

daily active users

daily active users

300 million

300 million

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Instagram

users

users

last August

last August

its successful Stories format

its successful Stories format

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Instagram

launched

launched

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Snap

Snap

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Instagram

crushing

crushing

Beat

Facebook , Inc. 's Instagram

Facebook , Inc. 's Instagram

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Snapchat

Snapchat

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blatantly copied Snapchat

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Instagram

blatantly copied Snapchat

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Instagram

copying Snap 's creativity

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copying Snap 's creativity

assault

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Snap

assault

scaring him

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scaring him

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Facebook

insult

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crushing

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Instagram

crushing

crushing

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crushing

Facebook , Inc. 's Instagram Wants to Beat Snapchat With Execution
And it just might .
Facebook 's photo - and video-sharing app was widely criticized last year when it released a version of Snap 's Snapchat Stories , called -- wait for it -- Instagram Stories .
Critics argued Instagram 's new feed format , which enabled users to seamlessly curate daily videos and photos into a story before they are deleted 24 hours later , blatantly copied Snapchat .
But Instagram CEO Kevin Systrom does n't think of its version of Stories , along with similar formats that debuted on Facebook 's WhatsApp , Messenger , and even the core Facebook app , as copying .
Execution is what 's most important
In an interview with the Instagram CEO , The Wall Street Journal 's Deepa Seetharaman captured Systrom 's annoyance with the media 's references to Instagram copying Snapchat .
`` Mr. Systrom says he understands the critics , '' Seetharaman said , `` but he disagrees with the idea that Instagram 's embrace of emerging features is untoward .
Execution matters more than originality , he says .
What critics call copying , Mr. Systrom calls competition . ''
Systrom 's annoyance with the idea that Facebook and its social networks copy Snapchat comes after Snap founder and CEO suggested in the company 's first quarterly earnings call as a publicly traded company that Facebook is copying Snap 's creativity .
`` I think the bottom line is , like , if you want to be a creative company you 've got to get comfortable with , and basically enjoy the fact that people are going to copy your products if you make great stuff , '' Snap CEO Evan Spiegel responded via a Reuters transcript when asked whether Facebook 's assault on Snap with Stories-like formats for all of its social apps is scaring him .
Snap went on to explain how other tech companies have been copied , but not conquered : `` When Google came along , everyone really felt like they needed a search strategy .
When Facebook came along , everyone felt they needed a social strategy . ''
What does Snap have that others want to copy ?
A `` camera strategy , '' Spiegel insisted .
But the biggest insult to Facebook came when Spiegel turned a question about Facebook copying Snap into an analogy with Yahoo! attempting to imitate Google 's search strategy : `` And I think , at the end of the day , just because Yahoo! , for example , has a search box , it does n't mean they are Google . ''
Systrom clearly disagrees about Instagram being the underdog in this battle .
He 's less focused on how copying is defined and more honed in on execution .
And Facebook 's Instagram has some numbers to back him up .
Is Snapchat really the king of the smartphone camera ?
The problem with Spiegel 's analogy is that Facebook is n't the laggard of the two .
Since Facebook launched Stories on Instagram last August , the format has garnered more than 200 million daily active users .
In addition , WhatsApp Status , or WhatsApp 's version of Stories , has attracted 175 million daily active users .
Both of these figures handily surpass Snapchat 's 166 million daily active users .
And Facebook CEO Mark Zuckerberg said in the company 's most recent earnings call it is `` going to keep putting video at the center of all of our services . ''
Going a step further , Facebook 's Instagram , specifically , is undeniably just as much of a camera app as Snap is a camera company ; and Instagram is n't the underdog .
Instagram has 700 million monthly active users , making it one of the world 's largest social networks .
And Instagram 's total daily active users were 300 million as of the social network 's last update on the key metric -- and this was before Instagram launched its successful Stories format .
With Instagram already crushing Snap in terms of its user base , Snap may want to rethink which side of Spiegel 's analogy it 's on .
The camera already found a more dominant role in a greater number of users ' lives across Facebook 's apps than it has on Snapchat .

Facebook , Inc . ' s Instagram Wants to Beat Snapchat With Execution And it just might . Facebook ' s photo - and video-sharing app was widely criticized last year when it released a version of Snap ' s Snapchat Stories , called - - wait for it - - Instagram Stories . Critics argued Instagram ' s new feed format , which enabled users to seamlessly curate daily videos and photos into a story before they are deleted 24 hours later , blatantly copied Snapchat . But Instagram CEO Kevin Systrom does n't think of its version of Stories , along with similar formats that debuted on Facebook ' s WhatsApp , Messenger , and even the core Facebook app , as copying . Execution is what ' s most important In an interview with the Instagram CEO , The Wall Street Journal ' s Deepa Seetharaman captured Systrom ' s annoyance with the media ' s references to Instagram copying Snapchat . ` ` Mr . Systrom says he understands the critics , ' ' Seetharaman said , ` ` but he disagrees with the idea that Instagram ' s embrace of emerging features is untoward . Execution matters more than originality , he says . What critics call copying , Mr . Systrom calls competition . ' ' Systrom ' s annoyance with the idea that Facebook and its social networks copy Snapchat comes after Snap founder and CEO suggested in the company ' s first quarterly earnings call as a publicly traded company that Facebook is copying Snap ' s creativity . ` ` I think the bottom line is , like , if you want to be a creative company you ' ve got to get comfortable with , and basically enjoy the fact that people are going to copy your products if you make great stuff , ' ' Snap CEO Evan Spiegel responded via a Reuters transcript when asked whether Facebook ' s assault on Snap with Stories-like formats for all of its social apps is scaring him . Snap went on to explain how other tech companies have been copied , but not conquered : ` ` When Google came along , everyone really felt like they needed a search strategy . When Facebook came along , everyone felt they needed a social strategy . ' ' What does Snap have that others want to copy ? A ` ` camera strategy , ' ' Spiegel insisted . But the biggest insult to Facebook came when Spiegel turned a question about Facebook copying Snap into an analogy with Yahoo ! attempting to imitate Google ' s search strategy : ` ` And I think , at the end of the day , just because Yahoo ! , for example , has a search box , it does n't mean they are Google . ' ' Systrom clearly disagrees about Instagram being the underdog in this battle . He ' s less focused on how copying is defined and more honed in on execution . And Facebook ' s Instagram has some numbers to back him up . Is Snapchat really the king of the smartphone camera ? The problem with Spiegel ' s analogy is that Facebook is n't the laggard of the two . Since Facebook launched Stories on Instagram last August , the format has garnered more than 200 million daily active users . In addition , WhatsApp Status , or WhatsApp ' s version of Stories , has attracted 175 million daily active users . Both of these figures handily surpass Snapchat ' s 166 million daily active users . And Facebook CEO Mark Zuckerberg said in the company ' s most recent earnings call it is ` ` going to keep putting video at the center of all of our services . ' ' Going a step further , Facebook ' s Instagram , specifically , is undeniably just as much of a camera app as Snap is a camera company ; and Instagram is n't the underdog . Instagram has 700 million monthly active users , making it one of the world ' s largest social networks . And Instagram ' s total daily active users were 300 million as of the social network ' s last update on the key metric - - and this was before Instagram launched its successful Stories format . With Instagram already crushing Snap in terms of its user base , Snap may want to rethink which side of Spiegel ' s analogy it ' s on . The camera already found a more dominant role in a greater number of users ' lives across Facebook ' s apps than it has on Snapchat .


Impression

Impression

Fox Sports

Fox Sports

buys

buys

Impression Sports & Entertainment

Impression Sports & Entertainment

Fox Sports

Fox Sports

acquired

acquired

Fox Sports

Fox Sports

positions

positions

Impression Sports President

Impression Sports President

About a year ago

About a year ago

Chris Foy

Chris Foy

Home Team Sports

Home Team Sports

hired

hired

over the past several months

over the past several months

merger

merger

brokered

brokered

in Denver

in Denver

sales staff

sales staff

Impression Sports

Impression Sports

add

add

in March

in March

Orlando City SC

Orlando City SC

new downtown stadium

new downtown stadium

opened

opened

competitors

competitors

Impression Sports

Impression Sports

position

position

Impression Sports

Impression Sports

compete

compete

bolsters

naming-rights sales

naming-rights sales

bolsters

full-service

Fox Sports

Fox Sports

full-service

making progress

Home Team Sports

Home Team Sports

making progress

needed his expertise

Impression Sports

Impression Sports

Home Team Sports

Home Team Sports

needed his expertise

hit it off

Home Team Sports

Home Team Sports

hit it off

Home Team Sports

Home Team Sports

Impression Sports

Impression Sports

reach growing

Team Sports

Team Sports

reach growing

naming-rights deals

Impression Sports

Impression Sports

naming-rights deals

take advantage

Team Sports

Team Sports

Impression Sports

Impression Sports

Fox-owned regional sports networks

Fox-owned regional sports networks

take advantage

Fox Sports buys Impression , bolsters naming-rights sales
Fox Sports has acquired Impression Sports & Entertainment , a Denver company specializing in college deals that it previously brought in to help sell Los Angeles Memorial Coliseum naming rights .
Financial terms were not disclosed .
Impression Sports , whose brand name remains intact , is now part of Home Team Sports , Fox 's sales group , which sells television and digital media sponsorships for regional sports networks across the NBA , NHL and MLB .
The assets of Home Team Sports extend to Fox Sports College Properties , which holds multimedia rights for six schools and the Big East Conference .
Overall , the merger positions Fox Sports as more of a full-service company in sports marketing with naming-rights expertise .
About a year ago , Home Team Sports , acting on recommendations from mutual acquaintances , hired Impression Sports President Chris Foy to assist in its effort to sell naming rights to the Coliseum .
`` I brought Chris into those negotiations because we were n't making progress and we needed his expertise , '' said Kyle Sherman , president of Home Team Sports .
`` We hit it off when we first met .
We shared the same values and philosophies to drive sponsorship value for our clients . ''
The relationship between the two agencies grew to the point that principals began discussions on a merger over the past several months , Sherman said .
On its own , Impression has brokered the naming-rights deal for Camping World Stadium in Orlando as well as title sponsorship of college bowl games and a jersey sponsor for the MLS Colorado Rapids , among other deals .
Impression Sports , formed six years ago , has four employees in Denver , and the company plans to keep its office there and add sales staff , Foy said .
Its current clients include Orlando City SC , which hired the firm to help sell naming rights for its new downtown stadium , which opened in March .
Orlando City SC is asking for $ 4 million to $ 6 million annually , team officials said .
Home Team Sports officials see their reach growing with Impression Sports to pursue naming-rights deals in the big leagues in addition to what they already do in the college world .
Their competitors include Premier Partnerships , Legends , Van Wagner Sports & Entertainment and Gemini Group .
`` Through our relationships with the Fox-owned regional sports networks , we can take advantage of that position and compete with virtually any company in the industry , '' Sherman said .

Fox Sports buys Impression , bolsters naming-rights sales Fox Sports has acquired Impression Sports & Entertainment , a Denver company specializing in college deals that it previously brought in to help sell Los Angeles Memorial Coliseum naming rights . Financial terms were not disclosed . Impression Sports , whose brand name remains intact , is now part of Home Team Sports , Fox ' s sales group , which sells television and digital media sponsorships for regional sports networks across the NBA , NHL and MLB . The assets of Home Team Sports extend to Fox Sports College Properties , which holds multimedia rights for six schools and the Big East Conference . Overall , the merger positions Fox Sports as more of a full-service company in sports marketing with naming-rights expertise . About a year ago , Home Team Sports , acting on recommendations from mutual acquaintances , hired Impression Sports President Chris Foy to assist in its effort to sell naming rights to the Coliseum . ` ` I brought Chris into those negotiations because we were n't making progress and we needed his expertise , ' ' said Kyle Sherman , president of Home Team Sports . ` ` We hit it off when we first met . We shared the same values and philosophies to drive sponsorship value for our clients . ' ' The relationship between the two agencies grew to the point that principals began discussions on a merger over the past several months , Sherman said . On its own , Impression has brokered the naming-rights deal for Camping World Stadium in Orlando as well as title sponsorship of college bowl games and a jersey sponsor for the MLS Colorado Rapids , among other deals . Impression Sports , formed six years ago , has four employees in Denver , and the company plans to keep its office there and add sales staff , Foy said . Its current clients include Orlando City SC , which hired the firm to help sell naming rights for its new downtown stadium , which opened in March . Orlando City SC is asking for $ 4 million to $ 6 million annually , team officials said . Home Team Sports officials see their reach growing with Impression Sports to pursue naming-rights deals in the big leagues in addition to what they already do in the college world . Their competitors include Premier Partnerships , Legends , Van Wagner Sports & Entertainment and Gemini Group . ` ` Through our relationships with the Fox-owned regional sports networks , we can take advantage of that position and compete with virtually any company in the industry , ' ' Sherman said .


U.S

U.S

U.S

U.S

Withdrawal From Paris Climate Agreement

Withdrawal From Paris Climate Agreement

GE

GE

Climate Agreement

Climate Agreement

across the globe

across the globe

General Electric

General Electric

wind turbine producers

wind turbine producers

major

major

more than 20 countries

more than 20 countries

renewable energy products

renewable energy products

General Electric

General Electric

products

products

GE

GE

Renewable energy

Renewable energy

fastest growing

fastest growing

34 %

34 %

GE

GE

revenues increased

revenues increased

GE

GE

Alstom

Alstom

acquisition

acquisition

advanced economies

advanced economies

renewable energy

renewable energy

GE

GE

growth

growth

the short term

the short term

renewable energy

renewable energy

General Electric

General Electric

impact

impact

7 %

7 %

GE

GE

revenues

revenues

3 %

3 %

GE

GE

profits

profits

the near term

the near term

GE

GE

renewable products

renewable products

Government support

Government support

Europe

Europe

GE

GE

renewable energy

renewable energy

growth

growth

Europe

Europe

Alstom

Alstom

GE

GE

acquisition

acquisition

U.S.

U.S.

renewable energy

renewable energy

GE

GE

drive

drive

many states

many states

the Paris accord targets

the Paris accord targets

commitment

commitment

operations

operations

GE

GE

operations

operations

U.S.

U.S.

decision

decision

Paris climate agreement

Paris climate agreement

President Trump

President Trump

renegotiate

renegotiate

several years

several years

U.S

U.S

pulls out

pulls out

short-term

short-term

GE

GE

renewables

renewables

sales

sales

renewable

renewable

GE

GE

sales

sales

Asia

Asia

renewable

renewable

9 %

9 %

GE

GE

sales

sales

GE

GE

traditional energy market

traditional energy market

significant presence

significant presence

right now

right now

GE

GE

value

value

GE

GE

U.S.

U.S.

withdrawal from the Paris Agreement

withdrawal from the Paris Agreement

Be Impacted

GE

GE

Be Impacted

immediate threat

GE

GE

immediate threat

make much of a difference

GE

GE

make much of a difference

impact

GE

GE

impact

longer rely on the U.S

GE

GE

longer rely on the U.S

possible threat

GE

GE

possible threat

downside to its renewable business

GE

GE

downside to its renewable business

lot of unknowns

GE

GE

lot of unknowns

notable impact

GE

GE

notable impact

Why GE Will Not Be Impacted By U.S. Withdrawal From Paris Climate Agreement
General Electric is one of the major wind turbine producers across the globe , and its renewable energy products sell in more than 20 countries .
Renewable energy is among the fastest growing segments for GE , and its renewable energy revenues increased nearly 34 % in 2016 due to the acquisition of Alstom , also aided by renewable energy growth in advanced economies .
President Trump announced recently that he had decided to pull the United States out of the Paris Climate Accord .
Although this may sound like an immediate threat to multinationals operating in the renewable energy segment , we expect very little or no impact on General Electric in the short term .
Here 's why : Renewable energy contributes just 7 % to GE 's overall revenues , and about 3 % to its overall profits .
Government support for renewable products may weaken in the near term , but this is unlikely to make much of a difference for a company as big as GE .
Most of GE 's growth in renewable energy is likely to come from Europe due to the acquisition of Alstom , which has a very high backlog .
U.S. withdrawal from the climate agreement should have no impact on that .
GE can no longer rely on the U.S. government to drive adoption of renewable energy .
However , this should not matter much for GE , as many states have already announced their continued commitment to the Paris accord targets .
Additionally , GE has operations in more than 20 countries outside of the U.S. , which are unaffected by the U.S. decision to back out from the agreement .
President Trump has said that he will renegotiate the terms of Paris climate agreement .
Even if the negotiations fail and U.S. fully pulls out of the Paris accord , it may still take several years .
Thus , it should n't have any short-term implication on sales of GE renewables .
One possible threat to GE could be that developing economies such as India and China also back out of the accord and move towards traditional energy sources .
This could hamper GE 's renewable sales , but that again would be very insignificant as Asia contributes just 9 % to GE 's renewable sales .
Lastly , GE has a significant presence in the traditional energy market as well , which should mitigate any downside to its renewable business .
Currently , there are a lot of unknowns on the Paris agreement , but the crux of the matter is that most of GE 's value comes from other businesses right now , not renewables .
Also , GE CEO Jeff Immelt said recently that the industry must now lead and not depend on governments in renewable energy production .
We do n't see any change in plans for GE in terms of its renewable energy strategy , and given the company 's size and diverse portfolio of businesses , we do n't foresee any notable impact of the U.S. withdrawal from the Paris Agreement for GE .

Why GE Will Not Be Impacted By U.S . Withdrawal From Paris Climate Agreement General Electric is one of the major wind turbine producers across the globe , and its renewable energy products sell in more than 20 countries . Renewable energy is among the fastest growing segments for GE , and its renewable energy revenues increased nearly 34 % in 2016 due to the acquisition of Alstom , also aided by renewable energy growth in advanced economies . President Trump announced recently that he had decided to pull the United States out of the Paris Climate Accord . Although this may sound like an immediate threat to multinationals operating in the renewable energy segment , we expect very little or no impact on General Electric in the short term . Here ' s why : Renewable energy contributes just 7 % to GE ' s overall revenues , and about 3 % to its overall profits . Government support for renewable products may weaken in the near term , but this is unlikely to make much of a difference for a company as big as GE . Most of GE ' s growth in renewable energy is likely to come from Europe due to the acquisition of Alstom , which has a very high backlog . U.S . withdrawal from the climate agreement should have no impact on that . GE can no longer rely on the U.S . government to drive adoption of renewable energy . However , this should not matter much for GE , as many states have already announced their continued commitment to the Paris accord targets . Additionally , GE has operations in more than 20 countries outside of the U.S . , which are unaffected by the U.S . decision to back out from the agreement . President Trump has said that he will renegotiate the terms of Paris climate agreement . Even if the negotiations fail and U.S . fully pulls out of the Paris accord , it may still take several years . Thus , it should n't have any short-term implication on sales of GE renewables . One possible threat to GE could be that developing economies such as India and China also back out of the accord and move towards traditional energy sources . This could hamper GE ' s renewable sales , but that again would be very insignificant as Asia contributes just 9 % to GE ' s renewable sales . Lastly , GE has a significant presence in the traditional energy market as well , which should mitigate any downside to its renewable business . Currently , there are a lot of unknowns on the Paris agreement , but the crux of the matter is that most of GE ' s value comes from other businesses right now , not renewables . Also , GE CEO Jeff Immelt said recently that the industry must now lead and not depend on governments in renewable energy production . We do n't see any change in plans for GE in terms of its renewable energy strategy , and given the company ' s size and diverse portfolio of businesses , we do n't foresee any notable impact of the U.S . withdrawal from the Paris Agreement for GE .


GM

GM

Top-Selling SUV

Top-Selling SUV

Top-Selling SUV Take A Hit

Top-Selling SUV Take A Hit

Canadian

Canadian

GM

GM

Strike

Strike

Canada

Canada

GM

GM

workers

workers

strike

strike

late Sunday

late Sunday

Unifor union 's Local 88

Unifor union 's Local 88

GM

GM

strike

strike

GM

GM

cut jobs

cut jobs

to Mexico

to Mexico

some production

some production

GM

GM

move

move

GM

GM

2,450 workers

2,450 workers

labor action

labor action

Chevrolet Equinox

Chevrolet Equinox

GM

GM

produces

produces

August

August

GM

GM

7.5 % from a year ago

7.5 % from a year ago

car

car

sales climbed

sales climbed

GM

GM

compact crossover SUVs

compact crossover SUVs

robust sales

robust sales

GM

GM

Equinox

Equinox

67 %

67 %

jump

jump

China

China

Equinox

Equinox

GM

GM

strong

strong

Equinox

Equinox

GM

GM

all-new model

all-new model

introduced

introduced

global

global

Chevrolet

Chevrolet

SUV

SUV

best-selling

best-selling

Chinese

Chinese

August

August

Chinese market

Chinese market

Chevrolet

Chevrolet

SUV

SUV

deliveries

deliveries

0.6 %

0.6 %

GM

GM

stock slipped

stock slipped

GM

GM

above buy range

above buy range

Ford ( F )

Ford ( F )

up

up

its

its

hit resistance

hit resistance

1 %

1 %

Fiat Chrysler ( FCAU )

Fiat Chrysler ( FCAU )

advanced

advanced

52-week high

52-week high

high

high

Ingersoll assembly plant

Ingersoll assembly plant

July

July

GM

GM

Six hundred workers

Six hundred workers

laid off

laid off

Ingersoll

Ingersoll

GM

GM

production of its Terrain SUV

production of its Terrain SUV

halted production

halted production

Mexico

Mexico

GM

GM

workload

workload

shifted

shifted

North American

North American

GM

GM

North American Free Trade Agreement

North American Free Trade Agreement

Mexico

Mexico

GM

GM

lower-cost labor

lower-cost labor

strong sales

strong sales

September

September

GM

GM

CAMI workers

CAMI workers

The union

The union

Jerry Dias

Jerry Dias

making sure jobs are secured

making sure jobs are secured

new collective agreement

new collective agreement

impact on production

GM

GM

impact on production

pick up some of the slack

GM

GM

pick up some of the slack

top seller in its segment

GM

GM

top seller in its segment

recent breakout

GM

GM

recent breakout

the job losses

Canadian labor union

Canadian labor union

the job losses

currently tight

Stockpiles of the Equinox

Stockpiles of the Equinox

currently tight

offset some lost production

GM

GM

offset some lost production

expressed disappointment

GM

GM

expressed disappointment

Will GM 's Top-Selling SUV Take A Hit From Canadian Strike ?
General Motors ( GM ) workers in Canada who make the auto giant 's top-selling SUV are on strike , though the impact on production is unclear as another factory in Mexico could pick up some of the slack .
The Unifor union 's Local 88 went on strike late Sunday after talks tied to GM 's decision to cut jobs and move some production to Mexico failed .
The labor action involves about 2,450 workers at GM 's CAMI Assembly plant in Ingersoll , Ontario .
The plant produces the Chevrolet Equinox , a compact sport utility vehicle that 's a top seller in its segment in the U.S. , amid consumers ' renewed love affair with SUVs .
Earlier this month , GM reported that its August car sales climbed 7.5 % from a year ago on the back of robust sales of compact crossover SUVs , including a 67 % jump for the Equinox .
Equinox sales have also been strong in China as GM introduced an all-new model for 2018 .
The brand is described as Chevrolet 's global best-selling SUV , accounting for 4,600 deliveries in August in the Chinese market .
GM stock slipped 0.6 % to 38.65 but remains above buy range after a recent breakout off a cup-with-handle base .
Ford ( F ) edged up 0.4 on the stock market today but hit resistance at its 200-day moving average .
Fiat Chrysler ( FCAU ) advanced 1 % for a fresh 52-week high .
Six hundred workers at the Ingersoll assembly plant were laid off in July , after GM halted production of its Terrain SUV in Ingersoll and shifted the entire workload to Mexico .
At the time , the Canadian labor union blamed the North American Free Trade Agreement and lower-cost labor in Mexico for the job losses , while pointing to strong sales of the Equinox crossover and Terrain assembled in Ontario .
Stockpiles of the Equinox model are currently tight , but GM is expected to offset some lost production with its Mexican plant .
The existing contract between GM and CAMI workers expires in September .
The union 's president , Jerry Dias , has signaled that a new collective agreement will hinge on making sure jobs are secured .
GM Canada expressed disappointment that talks on a new agreement stalled and encouraged Unifor to resume negotiations .

Will GM ' s Top-Selling SUV Take A Hit From Canadian Strike ? General Motors ( GM ) workers in Canada who make the auto giant ' s top-selling SUV are on strike , though the impact on production is unclear as another factory in Mexico could pick up some of the slack . The Unifor union ' s Local 88 went on strike late Sunday after talks tied to GM ' s decision to cut jobs and move some production to Mexico failed . The labor action involves about 2,450 workers at GM ' s CAMI Assembly plant in Ingersoll , Ontario . The plant produces the Chevrolet Equinox , a compact sport utility vehicle that ' s a top seller in its segment in the U.S . , amid consumers ' renewed love affair with SUVs . Earlier this month , GM reported that its August car sales climbed 7.5 % from a year ago on the back of robust sales of compact crossover SUVs , including a 67 % jump for the Equinox . Equinox sales have also been strong in China as GM introduced an all-new model for 2018 . The brand is described as Chevrolet ' s global best-selling SUV , accounting for 4,600 deliveries in August in the Chinese market . GM stock slipped 0.6 % to 38.65 but remains above buy range after a recent breakout off a cup-with-handle base . Ford ( F ) edged up 0.4 on the stock market today but hit resistance at its 200 - day moving average . Fiat Chrysler ( FCAU ) advanced 1 % for a fresh 52 - week high . Six hundred workers at the Ingersoll assembly plant were laid off in July , after GM halted production of its Terrain SUV in Ingersoll and shifted the entire workload to Mexico . At the time , the Canadian labor union blamed the North American Free Trade Agreement and lower-cost labor in Mexico for the job losses , while pointing to strong sales of the Equinox crossover and Terrain assembled in Ontario . Stockpiles of the Equinox model are currently tight , but GM is expected to offset some lost production with its Mexican plant . The existing contract between GM and CAMI workers expires in September . The union ' s president , Jerry Dias , has signaled that a new collective agreement will hinge on making sure jobs are secured . GM Canada expressed disappointment that talks on a new agreement stalled and encouraged Unifor to resume negotiations .