Day: December 29, 2016

Peabody extends financing deadlines after creditor lawsuit

Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750 million private placement and a $750 million rights offering.

Fast-Food Stocks: What to Watch in 2017

The past year has been a difficult one for the restaurant industry, and the fast-food category has not been exempt. Fewer people are eating out overall, and in Q3, according to the most recent data available from NPD Group , that trend began to hurt quick serverestaurants .

2 High-Yield Dividend Stocks You Definitely Want to Consider

With the Dow Jones Industrial Average flirting with the 20,000 mark and the S&P 500 up by 8% over the last two months alone, stocks may seem to be getting expensive. While there’s no way to accurately time the market, and stocks could continue to climb from here, I’d like to focus on two high-income stocks that look like bargains right now.

Progress Software Is a Small-Cap, Software Star With Big Potential

Looking for market-beating growth in a risky market? Cast your gaze toward Boston’s Route 128, the famed high-technology beltway that’s home to tech giants and a slew of entrepreneurial start-ups and small caps. Even as other sectors face mounting headwinds, and analysts call for a long-deferred market correction, this breed of innovator is positioning itself smartly for growth in 2017.

Dow 20,000 Slipping Further Away

A week ago we were looking at the very tight trading ranges as a sign of a likely top. That continued through Tuesday, and by that time we saw the tightest market, measured as a five-day moving average of the percentage trading range, since at least 1999 and probably earlier than that.

‘Best Idea’ Apache Supplants Chevron as My Chief Long in 2017

I’m a trader who specializes in intraday and swing trading rather than long-term investing, but in the fourth quarter of 2015 I really started like Chevron Oil prices are cyclical: price declines curtail production and increase demand so that prices eventually would rise CVX’s mix of upstream and downstream and strong balance sheet would give it the financial strength to navigate the downturn Due to those factors, I have been steadily bullish on CVX. For 2017, I’m switching my allegiance to Apache Oil prices have risen above $50 a barrel.

McCain calls for sanctions on Russia over election actions

U.S. Senator John McCain, R-Ariz., center, speaks as U.S. Senator Amy Klobuchar, D-Minn., left, and U.S. Senator Lindsey Graham, R-S.C., right, listen during the meeting with Lithuania’s President Dalia Grybauskaite at the President palace in Vilnius,… Lithuania’s President Dalia Grybauskaite, right, welcomes U.S. Senator John McCain, R-Ariz. during a welcome ceremony in the Presidential palace in Vilnius, Lithuania, Thursday, Dec. 29, 2016.

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Nobody’s perfect and corporate executives are just like you and me. But when you’re running a publically traded company and billions in wealth is made or lost by a stock price swing, the stakes are much higher.

Trump Seeks Credit for 5,000 Sprint Jobs Already Touted

U.S. President-elect Donald Trump sought credit for Sprint Inc.’s commitment to create or bring back 5,000 jobs that the carrier says are part of broader U.S. hiring plans previously announced by Japan-based parent SoftBank Group Corp. Trump said SoftBank Chairman Masayoshi Son was among those behind the move to add workers. The Japanese billionaire, who Trump calls “Masa,” said earlier this month that he intends to invest $50 billion in the U.S. using a previously announced technology fund, creating 50,000 jobs.

Shorts Pick Wrong Time to Forget Toshiba Shares, Down 40%

So it goes for bears on Toshiba Corp., who’ve spent the last seven months covering short sales on the electronics maker after pushing them to a decade high in May. Bets against the stock hit the lowest level of the year this week, just in time for it to plummet more than 40 percent in three days on word of a writedown at its U.S. nuclear services unit. Now credit swaps are surging as rating agencies downgrade their outlook on the company.

Snapchat is using machine learning to work out who is most…

Snapchat has begun using a new machine learning technique to determine which of its users are most likely to swipe up and engage with an ad on the app, AdAge reported. The targeting technique allows advertisers to tell Snapchat whether they value ad engagement – such as swiping through to install an app, visit a website, or watch a movie trailer – versus simply reaching the maximum number of users.

Could Apple Supplier Foxconn Be Signalling U.S. Expansion Plans With LCD Move?

Foxconn takes a controlling stake in Sakai Display, which could signify the company’s LCD TV intentions as Trump boasts of SoftBank job creation. Terry Gou, the founder of A pple supplier Foxconn , could be moving closer to defining his U.S. expansion strategy with a tighter grip on a key LCD maker just as friendly rival Masayoshi Son’s $50 billion American investment pledge begins to take shape.

Why Now’s the Time to Invest in Gold

While generally speculative, an investment in gold has rarely appeared so reasonable and has become increasingly so recently. Several factors are behind a brighter sheen on the precious metal, including the stock market rally, the threat of trade wars, the hike in interest rates and gold’s own depressed price.

GNC’s Stock Is Unhealthy and Unlikely to Improve for a While

The troubled, nutritional retailer closed all its bricks-and-mortar locations for a day in an effort to revamp its pricing, but its methods seem misguided. Health and nutritional store GNC may be well known for selling protein powders to help weight lifters bulk up, but there’s one other thing the company desperately needs to boost : its stock.

Toshiba’s Looming Writedown Wipes Out Gain From 2016 Share Rally

Toshiba Corp.’s impending multibillion-dollar writedown has triggered one of the worst-ever share declines for a major Japanese company, with ratings downgrades and investor pessimism erasing almost all of its 87 percent rally this year. Shares in the electronics and industrial conglomerate fell 17 percent to 259 at the close on Thursday.

China Turns to $503 Billion Rail Expansion to Boost Growth

China plans to spend 3.5 trillion yuan to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country. The high-speed rail network will span more than 30,000 kilometers under the proposal, according to details released at a State Council Information Office briefing in Beijing Thursday.

Takata Gains on Report Up to $1 Billion U.S. Settlement Near

Takata Corp. shares rose by the daily limit after the Wall Street Journal reported the company is nearing a settlement with the U.S. Department of Justice to resolve allegations of criminal wrongdoing related to its faulty air bags. Such an agreement may include pleading guilty to criminal misconduct and penalties of as much as $1 billion, the newspaper reported, citing people familiar with the matter.

TD Leads Canadian Stock Sales as Energy Deals Fuel Record Year

Toronto-Dominion Bank took top spot for managing Canadian stock sales in 2016 as large energy deals led by pipeline operator TransCanada Corp. helped set a record for equity financings. The amount raised from initial public offerings, secondary sales and equity-linked securities reached C$50.4 billion , up 17 percent from 2015, according to data compiled by Bloomberg.

European Stocks Set For Pullback After Mixed Asia Session

European stocks are set to open lower Thursday in one of the final trading sessions of the year following a mixed session for major markets in Asia. Britain’s FTSE 100 index is called around 0.33% lower at the start of trading, according to financial bookmakers IG, following its record close of 7,106.08 on Tuesday.

Airbus A380 Woes Deepen as Emirates Delay Accelerates Cost Cuts

Airbus Group SE’s struggles with its A380 superjumbo are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest buyer, potentially pushing the program into the red. Handovers of six A380s apiece originally planned for 2017 and 2018 will be shifted to a year later following an agreement between Emirates and engine supplier Rolls-Royce Holdings Plc, Airbus said Tuesday in an e-mailed statement.