On January 3, several US trade associations and internet service providers submitted petitions requesting that the Federal Communications Commission reconsider its broadband privacy rules mandating consumer opt-in before using data for marketing purposes. Among those groups submitting petitions are the United States Telecom Association, NCTA – Internet and Television Association, Competitive Carriers Association, Association of National Advertisers, American Association of Advertising Agencies, American Advertising Federation, Data & Marketing Association, Interactive Advertising Bureau, and Network Advertising Initiative.
Month: January 2017
At CES, voice assistants speak up
In the very near future, instead of controlling your gadgets by pressing buttons or tapping on screens, you may just talk to them. Intelligent assistant technology like Apple’s Siri and Amazon’s Echo is starting to spread widely.
Officials: Foreign government may be behind Anthem data breach
A foreign government may have been behind a cyber breach of health insurance company Anthem that compromised the records of more than 78 million consumers, investigators said Friday. They declined to identify the hackers or the foreign government.
Here’s a Taste of the Weird and Wonderful Inventions at CES 2017
The Consumer Electronics Show in Las Vegas is as much about the little guys as it is the technology and automotive behemoths. While the Samsungs and Volkswagens of the world showed off products this week looking to generate billions of dollars in sales, thousands of hopeful entrepreneurs hawked their wares at the conference wanting little more than a new investor, some media attention or a sales lead.
Flu’s Back in the U.S. After a Slow Start, Hitting NYC Hard
Following a late and somewhat milder than normal season last year, influenza picked up in the middle of December, according to the U.S. Centers for Disease Control and Prevention’s weekly report. The virus isn’t working its way across the nation in its usual southeast to northwest pattern, however.
China Chip Policy Poses Risk to U.S. Firms, White House Says
China’s push to develop its domestic semiconductor technology threatens to harm U.S. chipmakers and put America’s national security at risk, the Obama administration warned in a report that called for greater scrutiny of Chinese industrial policy. China’s goal to achieve a leadership position in semiconductor design and manufacturing, in part by spending $150 billion over a 10-year period, requires an effective response to maintain U.S. competitiveness in the industry, according to the report released Friday.
Carlyle Said Exploring Sale of Vitamin-Maker Nature’s Bounty
Carlyle Group LP is exploring a sale of nutritional-supplements maker Nature’s Bounty Co., whose brands include “MET-Rx” and “Pure Protein,” people with knowledge of the matter said. The private equity firm has held talks with potential advisers about selling the U.S. company, formerly known as NBTY Inc., according to the people.
France’s Economy Minister Visits Tesla in Bid to Woo Musk
France is setting out to entice Tesla Motors Inc., boasting the country’s anti-pollution stance and incentives for consumers to go electric. France’s Economy Minister Michel Sapin is due to tour the company’s production site Friday in Fremont, California, to argue that if Tesla is going to expand, it should do so in France, a ministry spokeswoman said.
Why Pacira Pharmaceuticals, W&T Offshore, and Helen of Troy Jumped Today
The stock market climbed to new record heights on Friday, closing the week with favorable performance despite mixed employment numbers that showed sluggish job growth, but sharply higher wages. The Dow climbed to within a single point of the 20,000 mark before falling back slightly, but even with that slight disappointment, major market benchmarks were up as much as a full percent as the Nasdaq Composite climbed above the 5,500 mark.
Why Greenbrier Companies Inc Stock Jumped 18% on Friday
That’s curious, because relatively speaking, Greenbrier actually did not do particularly well last quarter. The company’s $0.79 in reported earnings was less than half what Greenbrier earned in the year-ago quarter, and fell $0.04 short of analysts’projected $0.83 in earnings.
What Happened in the Stock Market Today
Greenbrier shares soared 16% following the freight railcar manufacturer’s quarterly earnings announcement. As expected, revenue declined sharply as a contracting industry forced far fewer deliveries.
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SeaWorld stock has been sinking steadily in the last few years. Publicity started mounting from animal-welfare groups such as PETA, as well as a few high-profile and unsavory accounts of SeaWorld’s actions, such as the Blackfish documentary and a memoir by a former SeaWorld orca trainer called Beneath the Surface.
Troubled Theranos to lay off 41 percent of employees
Blood-testing startup Theranos on Friday announced it will lay off 155 employees – about 41 percent of its workforce – the latest blow to hit the company facing multiple lawsuits, sanctions and other regulatory issues. The company said the move is part of its ongoing restructuring as it shifts focus to the commercialization of its miniLab testing platform.
The Limited to close all brick-and-mortar shops
More grim news for malls came Friday as apparel retailer The Limited said it will close all its brick-and-mortar stores at the end of this weekend. The company says it will continue to operate online only after the Jan. 8 closures.
iPhonea s 10th anniversary: How the Apple product some critics panned changed our lives
Sure, the iPhone was a bright, shiny object, another product that crazed Apple lovers would line up to buy, as they always did. But the phone was a hodgepodge, a Swiss Army knife of functions trying to do too much, critics said.
Boeing’s Biggest China Concern Isn’t a Trump Trade War: Gadfly
As if it wasn’t bad enough getting into a fight with the president-elect over the cost of Air Force One, Boeing Co. is facing problems from the other side of the Pacific.
BofA Said to Boost Bonuses for Bond Traders, Cut Equities
Bank of America Corp. is poised to boost bonuses for many of its bond traders and trim payouts for those handling stocks, people with knowledge of the matter said. The combined compensation pool will drop significantly, though fewer workers will divvy the rewards.
NRG and Exelon (EXC) Lead a Utilities Rally
NRG Energy has been the biggest gainer as part of a broader rally among utilities and was showing no signs of slowing down Friday. Shares of the power company were sitting at $13.40 in the afternoon, up .87% on the day and 13.3% over the course of the last month.
One Wall Street Strategist Thinks S&P 500 Could Fall Even If Dow 20,000 Happens
As the investing world sits on pins and needles awaiting the Dow 20K milestone, BMO Private Bank’s Jack Albin is not making too much of the breakthrough. He hypothesized that the “most likely” scenario for the S&P 500 in 2017 is to finish below where it is today.
Donald Trump Who? Imax Ceo Still Bullish on China
Shares of IMAX were higher in early afternoon trading on Friday, after the company announced a deal with Regal today to expand its presence in the U.S., while maintaining its strong footing in China. With talk of potential trade wars between China and the U.S. under President-elect Donald Trump, some people are worried about what that will mean for IMAX.
Walmart’s Sam’s Club CEO Brewer Retiring With Mixed Track Record
Walmart on Friday said Rosalind Brewer, the CEO of its warehouse club stores Sam’s Club, will retire effective February 1. Brewer, 54, has been the chief executive officer since February 2012. Previously, she was an executive VP of the company’s Walmart U.S. segment.
Google’s Waymo to Show Off Self-Driving Minivan at Auto Show in Detroit
The autonomous Chrysler Pacifica features technology developed inside Alphabet, but it’s unclear how the company will make money on it. While Alphabet ‘s newly spun-out Waymo unit sat out the Consumer Electronics Show , CEO John Krafcik will demonstrate its new self-driving minivan for the first time this Sunday during a presentation at the North American International Auto Show in Detroit.
5 Stocks Setting Up for Big Breakouts
Trading stocks that trigger major breakouts can lead to massive profits. Once a stock trends to a new high, or takes out a prior overhead resistance point , it’s free to find new buyers and momentum players which can ultimately push the stock significantly higher.
Here’s Why Recent IPO AquaVenture Faces Serious Headwinds in 2017
Shares of AquaVenture Holdings has advanced nearly 16% since the firm’s initial public offering on Oct. 5, but the provider of water purification services will likely face significant headwinds this year. Although the longer-term picture is positive, the company faces notable challenges in the short term with significant operating losses and the IPO lock-up expiration on the horizon in April.
Unpleasant Aftermath to Gap’s After-Hours Surge
In this updated daily chart of GPS, above, we can see prices are near the low of the day after earlier strength above the declining 200-day moving average line. Volume is relatively heavy but not north of 20 million shares, which has happened on some other strong days.
Nvidia Is Set for a Bull Leg Up
I talked about the fundamental change in demand for the company’s chips. Since then we’ve had the Consumer Electronics Show where Nvidia CEO Jen-Hsun Huang detailed partnerships with auto manufacturers such as Audi and auto suppliers like ZF and Bosch to build self-driving cars and supply the automotive industry with technical equipment.
How to Play AT&T’s Ongoing Rally
I am not bearish on T, but I am not very enthusiastic about its near-term prospects. A sideways trading range is more likely than new highs as we look forward to 2017.”
US approves fix for some Volkswagen diesels
In this Sept. 21, 2015, file photo, a Volkswagen logo is seen on car offered for sale at New Century Volkswagen dealership in Glendale, Calif.
AT&T and Time Warner still trying to sidestep FCC scrutiny of merger
AT&T and Time Warner say they have a plan to avoid a Federal Communications Commission review of their pending merger. An FCC review would be necessary if Time Warner transfers any FCC licenses to AT&T, but Time Warner might get rid of any such licenses before the deal is finished.
Trumpa s pick for defense secretary has resigned from Theranosa s board
U.S. President-elect Donald Trump introduces retired Marine Corps Gen. James Mattis as his appointed secretary of defense in December.
Daily Dividend Report: ENB, PBA, CNP, COG, COO, SKT
Enbridge declared a quarterly dividend of $0.583 per common share, payable on March 1, 2017 to shareholders of record on February 15, 2017. The declared dividend represents a 10 percent increase from the prior quarterly rate and the twenty-second consecutive year in which the Company has increased its common share dividend.
Congress Certifies Trump’s Electoral College Victory
The U.S. Congress on Friday certified the Electoral College vote that gave Republican Donald Trump the victory in the 2016 presidential election. Trump won 304 electoral votes compared to 227 garnered by Democratic presidential contender Hillary Clinton, according to the tally announced by Vice President Joe Biden.
AT&T Says It Can Take Easier Route to Time Warner Purchase
Federal Communications Commission , eliminating a potentially significant hurdle to completing the $85.4 billion deal. “While subject to change, it is currently anticipated that Time Warner will not need to transfer any of its FCC licenses to AT&T in order to continue to conduct its business operations after the closing of the transaction,” the companies said in a regulatory filing late Thursday.
Wal-Mart Names John Furner CEO Of Sam’s Club, Replacing Rosalind Brewer
Wal-Mart Stores Inc. said it has named John Furner as chief executive of its Sam’s Club unit, replacing Rosalind Brewer, who, is retiring effective Feb. 1. Furner is currently chief merchandising officer at Sam’s Club and has worked at the company since joining it as an hourly store assistant in 1993, the company said in a filing with the Securities and Exchange Commission.
U.S. Stocks Waver Between Modest Gains And Losses After Jobs Report
U.S. stocks wavered between modest gains and losses after Friday’s open following an upbeat report on U.S. jobs growth in December. The Dow Jones Industrial Average was flat at 19,903.
U.S. Creates 156,000 Jobs In December; Unemployment 4.7%
The U.S. added 156,000 jobs in December to cap off the sixth straight year in which the economy created more than 2 million new jobs. Economists polled by MarketWatch had predicted a 180,000 increase in new nonfarm jobs.
Treasury Yields Tick Higher After Jobs Report
Treasury yields rose on Friday after official data showed the U.S. economy added 156,000 jobs in December. The yield on the 10-year note rose 2.1 basis points to 2.371%, while the two-year yield rose 1.6 basis point to 1.182%.
Stocks Slip on Slower Jobs Creation
The Dow Jones Industrial Average slipped 20 points, or 0.1%, to 19879 shortly after the opening bell. The S&P 500 declined 0.1%, and the Nasdaq Composite added less than 0.1%.
The Solution to GoPro’s Karma Problem Is Embarrassingly Simple
The issue was that the drone could abruptly lose power mid-flight, causing the Karma to come crashing down. Fortunately, GoPro acted quickly and ceased selling the drone once the reports surfaced .
A Reduced Payout Could Be Imminent for These High-Yield Dividend Stocks
That is because both companies took an ax to their payouts in the middle of last year. However, despite the cut, each still offers investors a high yield of 7.8% at current prices.