It faced public outcry due to the death of a college student who underwent an experimental cancer treatment advertised on its site. And the Chinese government introduced new strict regulations on internet advertising which weighed heavily on short-term results.
Month: December 2016
Global Advertising Growth to Accelerate in 2017, Forecaster Says
After a 7.1 percent gain in 2016, next year will post a double-digit percentage increase, predicts IHS Markit, which also highlights that four of the five fastest growing countries of the past year are in Africa. Big brand budgets and quadrennial events, such as the Rio Summer Olympics, the summer’s European soccer championship and the U.S. presidential election will drive global advertising revenue to $532 billion in 2016, up 7.1 percent, according to estimates released Thursday by research firm IHS Markit.
Modi Set to Face Fallout From His 50-Day Cash Promise to India
Short of a miracle, India’s prime minister Narendra Modi will fail to meet his own 50-day deadline to restore order to the country’s economy and ease the hardship faced by ordinary citizens following the chaos of his sudden currency ban. In an emotional plea to citizens following the withdrawal of 86 percent of the currency in circulation in a bid to target corruption, Modi promised the inconvenience would all be over by December 30. But demonetization’s trail of devastation — on farmers, workers, small shopkeepers, low-income households and businesses — is yet to ease.
Dealmaker Thohir Swoops In on Insurance After Inter Milan Sale
Indonesian businessman Erick Thohir, whose investments have ranged from newspapers to sports teams in the U.S. and Europe, is now betting on life insurance. A group led by Thohir plans to invest 2 trillion rupiah to gain full ownership of Asuransi Jiwa Bumiputera, a new unit of century-old mutual insurer AJB Bumiputera 1912, the insurance firm’s statutory manager said Wednesday.
BusinessAviationVoice: Aerion Quietly Presses Forward
Really? Taken verbatim, the headline was very misleading, since there are no supersonic commercial flights-or aircraft in service-to provide supersonic travel anywhere. The editors obviously figured why let the facts stand in the way of a bit of hype to pull readers into an article about Boom Technology, a Denver-based aerospace startup that has its sights set on developing a 45-seat jetliner that will cruise at 1,451 miles per hour.
Gawker Cements Settlement With Daily Mail Over Controversial Story
A scathing story that alleges DailyMail.com fabricated stories will remain viewable, coupled with a response from the British tabloid’s website. Wednesday, Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York in Manhattan approved a settlement between Gawker’s bankruptcy estate and DailyMail.com, the website of a prominent British tabloid.
Changing direction
The industry’s decades-old business model that relied on combustion engines and mass demand for private car ownership is coming to an end The convergence of traditional motor manufacturing and new digital technologies has been shifting slowly through the gears for a couple of years. But in 2016, things hit top speed.
Why Silver Wheaton, Endologix, and PHH Corp. Jumped Today
The stock market continued its slow trudge lower on Thursday, adding to its losses for the week as investors seemed content with the double-digit percentage gains that most major market benchmarks have posted for 2016. The Dow fell slightly, widening the gap between its closing level and the 20,000 mark to nearly 200 points, and the S&P 500 and Nasdaq also fell tiny fractions of a percentage point.
What Happened in the Stock Market Today
Cempra, a biotech focused on bacterial infectious diseases, slumped 58% after the Food and Drug Administration rejected two drug applications related to its lead product, solithromycin. The applications applied to oral and intravenous versions of the drug aimed at treating community-acquired bacterial pneumonia, or CABP.
Nvidia’s Savvy Capital Return Efforts
This program intended to return cash to shareholders through regular dividends and share repurchases. In November 2012, Nvidia announced its first quarterly dividend of $0.075 per share.Based on the closing price on the day of the announcement, this represented an annual dividend yield of 2.4% — a healthy yield for a nimble, relatively small,tech company with above average growth prospects.
Most Popular & Most Hated ETFs of 2016
The year 2016 has been filled with great oscillations as investors were taken on a wild ride, with some markets and exchange traded fund standing out from the rest.
How Tax-Savvy Are You? Find Out Here
You’re probably not as tax-savvy as you think you are or want to be. That’s not surprising, though, because our tax code is ridiculously massive and complex.
How Coca-Cola Can Increase Its Value in 2017
Its drive to refranchise nearly all of its North American bottling operations by the end of 2017 appears to be on track.This initiative will leave Coca-Cola as an asset-light business focused on concentrates and the marketing of its 500-plus global brands. And in May of next year, Chief Operating Officer James Quincey will succeed Muhtar Kent as CEO, with Kent continuing as Chairman of the company’s board of directors.
Behind the Obama Administration’s Sanctions on Russia
Dec. 29, 2016 – 5:58 – Former U.S. Ambassador to the U.N. John Bolton weighs in on the U.S. imposing sanctions on Russia in response to the alleged election hacking.
Kate Spade Said to Kick Off Formal Sale Process Next Month
Kate Spade & Co. , which is exploring a sale of the handbag maker, plans to kick off a formal auction process next month, with interest from six possible bidders, according to a person familiar with the situation.
A woman who chose to keep working when her husband retired at…
Mad Fientist , chose to live frugally in rural Vermont, where he managed to save and invest about 70% of his after-tax income . “I’d never been a spender,” Brandon, who worked as a software developer, told Business Insider .
Wall Street has come to a consensus about China in 2017 – …
A recent report from China Beige Book, a survey of the country’s economy, is challenging Wall Street’s prevailing notion about China in 2017. Xi Jinping will want to keep the economy stable so there’s no distraction from his relentless effort to consolidate power.
‘Star Wars’ actor says there’s an ‘enormously different’…
Since the release of the “Star Wars” standalone movie, “Rogue One: A Star Wars Story,” we have begun to realize how much tinkering was done to the movie not just in the reshoot phase but throughout principal photography. The most recent example is an interview with actor Ben Mendelsohn, who plays Orson Krennic in the movie, in which he hinted at the amount of alternative footage there is for the movie.
Successful people share 11 ways to make 2017 your most…
If you pay close attention to Business Insider’s Strategy vertical, you’ll notice we frequently share productivity tips from an expert we’ve just interviewed, a book we’ve just read, or new research we’ve just scoured. So, since you’re here to learn how to make better use of your time, we thought we’d save you some and round up the best productivity tricks out there.
NFL head coaches have good job security when compared to other…
On Tuesday, the Buffalo Bills became the 19th different NFL team to change head coaches in just the last three seasons. While that may seem like terrible job security, NFL coaches actually have it pretty good.
Keep an Eye on Tax Rates When Adding Income
More income is generally a very good thing, but some of the impact of a higher income can be blunted by a higher tax rate. Fortunately, there are sensible steps you can take to make sure you’re taking full advantage of that new money.
Thursday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Music & Electronics Stores
In trading on Thursday, non-precious metals & non-metallic mining shares were relative laggards, down on the day by about 1.3%. Helping drag down the group were shares of Cliffs Natural Resources , down about 5.8% and shares of Century Aluminum Company off about 4.7% on the day.
Thursday Sector Leaders: Precious Metals, Electric Utilities
In trading on Thursday, precious metals shares were relative leaders, up on the day by about 5.6%. Leading the group were shares of Gold Resource , up about 14.5% and shares of Asanko Gold up about 12.8% on the day.
Life for Kate Spade, Other Wholesale Brands, Is About to Change
One should always view market rumors with a heavy dose of skepticism, especially those that suggest a company is exploring a sale or is about to be sold to a suitor. Deals can fall apart at the drop of a hat — not all parties involved operate on handshake agreements like the “Oracle of Omaha” Warren Buffett.
Here’s Why These Top 5 Defense Stocks Are Weapons of Mass Wealth
A new report this month on global military spending shows that these companies are solid growth bets in the uncertain year ahead. These are the top five.
Shark Bites: 2 Stocks to Check Out on This Tough Trading Day
The indices have bounced off the lows of the day, but the action continues to be extremely slow and dreary. There just isn’t much interest today, and many traders are giving up and finding something more interesting to do.
Rabbi Boteach: Obama Has Had 8 Years of Unremitting Hostility Towards Israel
After the U.S. abstained from the Unite Nations vote condemning Israeli settlements, there have been mounting allegations that the Obama administration actually had a role in advancing the resolution through the U.N. “The Israel Warrior” author Rabbi Shmuley Boteach weighed in on the future of U.S. relations with Israel. “The Middle East goes to hell in a hand basket.
Why Bank of America’s Stock Climbed 34% in 2016
Shares of the bank dove deep at the beginning of 2016 only to then rise abruptly to end the year. All told, Bank of America’s stock gained more than 30% this year.
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.
First Solar May Be the Most Undervalued Stock in the S&P 500
While the market has done well this year, not every stock had a great 2016. It’s no secret that it has been a rough year for the solar industry, for example.
Is Obama Finally Getting Tough with Russia?
Dec. 29, 2016 – 4:20 – Howard Gutman, former U.S. Ambassador to Belgium, on U.S. relations with Russia and the Obama administration’s policy toward Israel.
Dallas pension crisis: Financial disaster on the horizon?
Dec. 29, 2016 – 3:57 – Ed Butowsky of Chapwood Investments on the City of Dallas’ pension crisis and why the Dow has yet to reach 20K.
Gates Foundation Invests Up to $140 Million in Intarcia for HIV
The Bill & Melinda Gates Foundation will invest as much as $140 million in closely held Intarcia Therapeutics Inc. to develop a device that could help prevent HIV infections. The Gates Foundation will provide $50 million upfront for Intarcia to develop an anti-HIV therapy that uses its implanted device.
Why Israelis Won’t Be Able to Shop at a Gap Store in 2017
Israeli company Gottex, which owns the trademark for Gap in the country, said Thursday it will close all seven of its Gap brand stores during the course of 2017. The store closures come as a result of underwhelming profits as Gap has faced tough competition there from fast-fashion powerhouse H&M .
Despite Reported Efforts to Find a Suitor, Kate Spade Stock Is a Risky Investment
Shares of the luxury fashion retailer surged Wednesday to two-year highs on a report that the company was actively seeking a buyer. Shares of fashion retailer Kate Spade shot up to two-year highs on Wednesday following a report that the company is considering selling itself.
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.