Windstream spokesman David Avery says the job cuts came from various areas, including engineering, finance and information technology. Avery tells the Arkansas Democrat-Gazette that Windstream has about 12,000 employees, including 1,450 in Little Rock.
Day: January 24, 2017
Futures Foment Trump Trade’s Return; Asia Higher, Too
Investors are likely to push markets higher Wednesday, either on optimism for the new administration in Washington or strong earnings. Futures for U.S. markets hinted at a higher opening Wednesday and a sustained resurgence of the Trump trade after both the S&P 500 and Nasdaq closed at record highs Tuesday.
Trump has picked Ajit Pai to serve as the next chairman of the Federal Communications Commission.
Trump has picked Ajit Pai to serve as the next chairman of the Federal Communications Commission. Pai is currently the senior Republican commissioner at the FCC and does not require Senate approval.
Modi, Trump discuss South Asia security; will stand together to fight terror
Washington, Jan 25 – Prime Minister Narendra Modi and US President Donald Trump discussed the security situation in South and Central Asia during their phone conversation on Tuesday night and resolved that India and US will stand shoulder to shoulder to fight global terrorism, the White House said. Strengthening defence partnership was among topics that came up during their talks about furthering cooperation between the two nations, according to the White House.
Rebuking Obama, Trump boosts Keystone XL, Dakota pipelines
In this Jan. 16, 2015, file photo, Jim Tarnick of Fullerton, Neb., points to the route of the Keystone XL pipeline which is planned to run through his property. President Trump’s decision to restart the Keystone XL pipeline approval process was … disheartening but not surprising to Tarnick, who told the Associated Press on Tuesday, Jan. 24 that he and other landowners who oppose it will continue to fight, although he hopes he doesn’t have to do it for the rest of his life.
Banks Seen Saving $2 Billion in Thailand E-Payment Roll Out
Thailand is due to roll out a national digital-payment system that levies much smaller transaction fees than the nation’s banks. Yet lenders expect the network to help rather than hinder them financially.
Sen. Al Franken to ‘fight every step of the way’ against rolling back net neutrality
U.S. Sen. Al Franken, D-Minn., Tuesday put the administration on notice, saying he will “fight every step of the way” to preserve net neutrality, which requires internet service providers to enable access to all content and applications, regardless of source.
As Verizon Hears T-Mobile’s Footsteps, It Might Go Acquisition-Hunting Again
Yes, rivals might attract some low-end customers with their cheap plans, Big Red has said, but we’ll hold onto the most lucrative consumer and business accounts thanks to our superior network. And as we upsell those customers on new services, our wireless revenue will grow.
UK car industry slows investment, says SMMT trade body
Investment in the UK’s automotive industry fell in 2016 after several years of strong growth, according to the head of the industry’s trade body. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, was giving evidence to the Treasury Committee on Tuesday.
Will Starbucks Grow Even Faster in 2017?
The coffee giant revolutionized the coffeehouse industry in the U.S., and along the way, Starbucks has expanded its reach across the globe and has made its presence almost ubiquitous domestically. Yet as investors prepare for Starbucks’ fiscal first-quarter results on Thursday, some worry that the company might start to have difficulty sustaining its past growth rates indefinitely.
When will soggy California drop water restrictions?
California’s top water regulator has strongly suggested the state will keep drought conservation rules in place despite winter storms that have waterlogged many communities.
Polaris Industries Looks Ahead After a Tough Year
Let’s take a closer look at what drove Polaris’ business as it capped its latest fiscal year. Revenue included $108.7 million in sales from Polaris’ acquisition of Transamerican Auto Parts , which closed on Nov. 10. On an adjusted basis, which excludes purchase accounting adjustments and acquisition costs, net income was $76.1 million, or $1.18 per diluted share, roughly in line with expectations.
Legislature looking at ways to make groundwater safer
A year after hundreds of sites in the state were found contaminated with a suspected carcinogen, the safety of groundwater is under scrutiny in the Legislature. Rep. Mindi Messmer, a Democrat from Rye, has introduced several bills aimed at better protecting residents from toxic groundwater, including two that got their first hearing Tuesday.
First legal Cuban cargo in more than 50 years arrives in US
The Miami Herald reports that two containers of artisanal charcoal arrived Tuesday morning at Port Everglades in Fort Lauderdale aboard a Crowley Maritime ship called the K-Storm. The special charcoal is made from Cuban marabu by private, worker-owned cooperatives.
Eagle Materials, Inc. Builds Another Record Quarter
The company set new fiscal third-quarter records for revenue and net income, thanks to record performance across its cement, paper, concrete, and aggregates business. The company sees even better days ahead, as a rebound in the oil and gas industry as well as continued robust cement demand should drive future results even higher.
Cisco Swoops In With $3.7 Billion Bid For AppDynamics Just Before IPO
Cisco Systems Inc. announced an agreement Tuesday to acquire AppDynamics Inc. for $3.7 billion, just before the tech startup was set for an initial public offering that would have valued the company at potentially half that total. AppDynamics increased its price range in a filing Tuesday morning, which was expected to be one of the last steps before the software firm sold its first batch of public shares.
Backpage.com lawyers want executives’ pimping charges tossed
This undated file photo provided by the Sacramento County Sheriff’s office shows Carl Ferrer. Ferrer and two other operators of an international website, Backpage.com, that advertises escort services, appeared in Sacramento County Superior … FILE – This undated file photo provided by the Sacramento County Sheriff’s office shows James Larkin.
Walgreens-Rite Aid Clock Runs Down With No Extension Set
Walgreens Boots Alliance Inc. Chief Executive Officer Stefano Pessina says he still believes in his company’s purchase of Rite Aid Corp., but declined to say whether the companies will extend the deal just three days from their agreed deadline to complete the merger. The acquisition hasn’t yet received antitrust approval from the Federal Trade Commission, and Walgreens hasn’t made a key filing saying it’s answered all the agency’s questions.
Deluxe: Cramer’s Top Takeaways
Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways. In his final Mad Money segment, Cramer took a look at the remarkable rebound in Deluxe , the payment solutions and check printing company that continues to defy the skeptics, including Cramer.
ResMed: Cramer’s Top Takeaways
Jim Cramer takes a closer look at ResMed and its future as a medical-device maker focusing on sleep apnea and COPD. Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways.
Ad Industry Expects New FCC Chair…
It’s “highly likely” that Federal Communications Commission Chairman Ajit Pai will grant the ad industry’s request to revisit tough broadband privacy rules, the Association of National Advertisers predicted today. “Chairman Pai is a very thoughtful leader who understands the critical role advertising plays as a financial foundation for the online and media marketplace,” the ANA said in a blog post hailing Pai’s appointment.
4 Ways to Protect Your Finances During a Divorce
When going through a divorce, it’s important to protect your personal finances as much as possible – regardless of how amicable the separation may be. If you’re not careful, actions taken by you or your soon-to-be-ex during the divorce process could have serious, long-term implications for your credit.
Verizon, Johnson & Johnson sink, Kimberly-Clark gains
The giant health care company issued a lower-than-expected 2017 forecast and said it will start shopping its diabetes care businesses. The company added fewer new cellphone or tablet customers in the last three months of 2016 than it did in the same period a year earlier.
Overnight Tech: Chairman Pai’s first day | Democrats stress over …
“I am deeply grateful to the President of the United States for designating me the 34th Chairman of the Federal Communications Commission,” Pai said in a statement. In the morning, Pai announced the appointment of his acting general counsel Brendan Carr.
Uber’s Ford Fusions, to be used for mapping, are cleared to go on the road in San Francisco.
They’re back. Five Ford Fusions bristling with rooftop equipment and labeled “Uber Advanced Technologies Center” will hit San Francisco streets starting Wednesday morning, but they will not be functioning as self-driving cars.
Why Shares of MasTec, Inc. Jumped 11% Today
As of 3 p.m. EST shares were still up 10.9% on the day. On the trading front, Citigroup put a price target of $38 per share on MasTec’s stock on Tuesday, but maintained a neutral rating.
Why Fortuna Silver Mines, Straight Path Communications, and BT Group Slumped Today
Tuesday was a strong day for the stock market, and the Dow Jones Industrials climbed more than 100 points to come once again within spitting distance of the 20,000 mark. Other major market benchmarks climbed even more sharply on a percentage basis as investors generally celebrated encouraging results from companies announcing earnings and on the macroeconomic front.
Why Allegheny Technologies, II-VI, and Beazer Homes Jumped Today
The stock market performed well on Tuesday, responding to steady improvement among many companies as earnings season kicked into high gear. Although political issues are likely to remain in the spotlight for some investors for the foreseeable future, many market participants are looking to economic and business issues in driving their investing decisions.
The Top 5 Brands Millennials Love to Love
Market research firm MBLM has released its latest Brand Intimacy Report, which measures the emotional attachment consumers have to various brands. The study reveals that a strong connection is a key ingredient to a better relationship with customers.
Texas Instruments Shares Wobble After Hours Following Earnings Beat
Texas Instruments Inc. shares fluctuated between gains and losses in the extended session Tuesday after the chip maker topped Wall Street estimates for its latest quarter. Texas Instruments shares declined 0.6% to $76.61 a share at last check after hours, following a 1.8% gain during the regular session.
S&P 500, Nasdaq Close At New Records After Strong Earnings
U.S. stocks finished higher Tuesday with the S&P 500 and Nasdaq setting record highs after a fresh round of corporate earnings overcame uncertainty ahead of President Donald Trump’s pro-business agenda. The Dow Jones Industrial Average rose 112.86 points, or 0.6%, to finish at 19,912.71, with shares of DuPont and International Business Machines Corp. leading gainers.
Seagate Rallies On Robust Second-quarter Earnings
Shares of Seagate Technology PLC rallied in Tuesday’s extended session after the hard-drive maker posted better-than-expected earnings. Seagate reported its fiscal second-quarter earnings nearly doubled to $297 million, or $1 a share, from $165 million, or 55 cents a share, a year earlier.
President Of Gap Unit Banana Republic To Leave The Company
Gap Inc. said Tuesday that Andi Owen, global brand president for Banana Republic, will leave the company in late February. Gap’s brands include its namesake, Banana Republic and Old Navy.
Northrop Grumman Reports Earnings Thursday: Here’s What to Look For
Arguably, this will be Northrop Grumman’s most important earnings report of the year — not just because it will contain the financials for the whole year, but also because it will tell us what effect Northrop’s winding down of its stock buyback program has had on the company’s earnings. The A-10 Warthog is one of Northrop’s better known defense programs — but it’s not a big money-maker.
Cree Shares Up Nearly 5% On Company’s Earnings, Sales Beat
Shares of Cree Inc. rose nearly 5% late Tuesday after the LED lighting maker reported fiscal second-quarter adjusted earnings and sales above expectations. Cree said it earned $6 million, or 6 cents a share, in the fiscal second quarter, compared with $13 million, or 13 cents a share, for the second quarter of fiscal 2016.
Bob Evans Farms To Sell Restaurants And Buy Potatoes, Stock Soars
Bob Evans Farms Inc. announced a pair of acquisitions Tuesday along with an executive change meant to focus the company on grocery store sales, and shares jumped 10% in late trading. Bob Evans said that it would sell its chain of Bob Evans Restaurants to private equity firm Golden Gate Capital for $565 million plus the transfer of certain liabilities, with the cash used to pay down debt and issue a special $7.50-per-share dividend to stockholders.
API Data Show Weekly Rise Of 2.9 Million Barrels In U.S. Crude Supplies: Sources
The American Petroleum Institute late Tuesday reported an increase of 2.9 million barrels in U.S. crude supplies for the week ended Jan. 20, according to sources. Analysts polled by S&P Global Platts forecast a climb of 1.9 million barrels.
Alcoa revenue tops estimates, sees higher aluminum demand
Alcoa Corp reported higher-than-expected revenue in its first quarterly results after the metals company split into two in November, helped partly by a rise in alumina prices. The company’s shares were up 4.5 percent in after-hours trading on Tuesday.
Alcoa Corp. Shares Gain After Company’s Sales Come In Slightly Above Expectations
Shares of Alcoa Corp. rose more than 1% late Tuesday after the company reported adjusted per-share earnings below expectations and sales were slightly above forecasts. Alcoa said it lost $125 million, or 68 cents a share, in the fourth quarter, compared with a loss of $826 million in the year-ago quarter.
UK government loses Brexit case, must consult Parliament
Britain’s Supreme Court ruled Tuesday that Prime Minister Theresa May must get legislative approval to start the process of leaving the European Union, raising the possibility that lawmakers will delay her plans to trigger negotiations by the end of March. The 8-3 decision forces the government to put a bill before Parliament, giving members of the House of Commons and the unelected House of Lords the chance to debate and potentially offer amendments that could soften the terms of Britain’s exit from the EU, known as Brexit.