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Day: February 13, 2017
Ball State decides against giving up TV station frequency
The decision comes after the university had considered giving up the WIPB-TV frequency in a Federal Communications Commission auction aimed at freeing up bandwidth for mobile devices.
Singapore to Allow Foreign Acquisitions of Finance Companies
Singapore’s central bank said it will allow foreign takeovers of the country’s three finance companies, as part of wider industry changes that seek to boost lending to small and medium-sized enterprises. The Monetary Authority of Singapore is prepared to consider applications for mergers or acquisitions if any prospective partner “commits to maintaining SME financing as a core business” of the finance company being targeted, it said in a statement Tuesday.
U.S. Swaps Regulator Postpones Enforcement for Collateral Rule
The U.S. Commodity Futures Trading Commission says it will give swaps dealers more time to comply with collateral requirements scheduled to take effect March 1, aiming to ease concerns that global markets could face disruptions without a transition period. In a no-action letter issued Monday, the CFTC said that from March 1 through Sept.
Teva Pharmaceutical Industries Ltd. Reports Q4 Improvement Thanks to Actavis Deal
Shares of the Israel-based drugmaker were hit hard in the second half of 2016. However, the company had a chance to report good news with the announcement of its fourth-quarter and full-year 2016 financial results.
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Ball State University officials have decided against selling the school’s television frequency and will continue operating its public broadcasting station. The decision comes after the university had considered giving up the WIPB-TV frequency in a Federal Communications Commission auction aimed at freeing up bandwidth for mobile devices.
NCL statement on FCC decision to not enforce affordable prison phone rate price caps
The National Consumers League , the nation’s pioneering consumer and worker advocacy organization, today expressed disappointment in the Federal Communications Commission’s “The National Consumers League is disappointed by FCC Chairman Ajit Pai’s decision to not enforce price caps for intrastate prison phone calls. Capping rates at reasonable levels is common sense as numerous studies have shown that providing prisoners access to family members and loved ones dramatically reduces recidivism.
Intel Corporation Might Finally Fix This Huge Flaw With Expensive Gaming Chips
Intel offers PC gamers chips with four incredibly fast processor cores , and it also offers them chips with between six and 10 processor cores , but each of these cores is much slower than the four-core chips. Although Intel does not provide sales data by individual chip model, I have a strong suspicion that even gamers with very deep pockets often opt for the super-fast quad-core chip rather than go for one of the more expensive chips.
Flowers Foods Coasts Ahead, Disappointing Investors
Yet the truly novel thing about Flowers is how it has done such a good job of building up a national presence in an industry that is typically dominated by local competition. Coming into Monday’s fourth-quarter financial report, Flowers investors were hoping to see at least some growth in sales and earnings, but the bakery company wasn’t able to deliver the pace of expansion that most shareholders really want to see.
Billionaires Are Dumping These 5 Stocks. Should You?
One way that we Fools generate investment ideas is by poring through SEC filings of billionaire investors. These filings track the recent buy and sell decisions of some of the smartest money managers in the world, so keeping an eye on what these investors are up to makes a lot of sense.
U.S. military vets stand by Dakota pipeline protesters
Feb. 13, 2017 – 7:02 – Veterans-Stand.org Operations Chief Christopher Duesing on why he is standing with Dakota Pipeline protesters at Standing Rock Indian Reservation.
Driving to LAX this week? Brace yourself for overnight lane closures.
Drivers headed to Los Angeles International Airport late Tuesday and Wednesday can expect delays due to overnight lane closures in the Sepulveda Boulevard tunnel. LAX officials are advising motorists to give themselves extra time for possible detours when Caltrans closes two northbound lanes in the tunnel from 10 p.m. Tuesday to 5 a.m. Wednesday for inspections.
UN Ambassador : It’s time to hold North Korea accountable…
In addition to all 15 council members condemning North Korea’s latest ballistic missile launch, UN ambassador Nikki Haley also delivered a decisive statement. “We call on all members of the Security Council to use every available resource to make it clear to the North Korean regime – and its enablers – that these launches are unacceptable,” her statement read.
Gilead and ‘Good News’ Make A Rare, Joint Appearance at HIV Conference
With sales of its hepatitis C drugs falling and an oncology pipeline that has largely disappointed, bictegravir is vitally important for Gilead to defend and grow its dominant HIV franchise. Bictegravir, the company’s next-generation integrase inhibitor, suppressed the HIV virus in newly diagnosed patients better than dolutegravir, a similar, rival drug from GlaxoSmithKline , according to results from a mid-stage clinical trial announced Monday night.
New Relic: Cramer’s Top Takeaways
In an “Executive Decision” segment, Cramer spoke with Lew Cirne, founder and CEO of New Relic , the cloud analytics company helping customers gain insight on their digital operations. Cirne explained that New Relic helps companies reach their customers and migrate to the cloud by providing dashboards for their cloud operations no matter what platform they’re on.
VMware: Cramer’s Top Takeaways
In an “Executive Decision” segment, Cramer spoke with Pat Gelsinger, CEO, and Sanjay Poonen, COO of Customer Operations at VMware , the virtualization software pioneer with shares that are up 15% so far in 2017 after the company announced a $1.2 billion stock buyback. Gelsinger said that VMware was one of the first companies to turn one physical CPU into 10 virtual CPUs and today, 80% of all workloads are managed virtually since software is so much more efficient and flexible.
Intel: Cramer’s Top Takeaways
In an “Executive Decision” segment, Cramer sat down with Bryan Krzanich, CEO of Intel , the semiconductor maker that’s transitioning away from the personal computer and into the industry’s hottest markets, including the data center, gaming, drones, the connected car and artificial intelligence. Krzanich said that Intel’s slogan of “Intel inside” still applies, only now Intel is inside of a lot more than just PCs.
Ball State decides against giving up TV station frequency
Ball State University officials have decided against selling the school’s television frequency and will continue operating its public broadcasting station. The decision comes after the university had considered giving up the WIPB-TV frequency in a Federal Communications Commission auction aimed at freeing up bandwidth for mobile devices.
Trump Sanctions Venezuela Vice President on Drug Trafficking
The Trump administration imposed sanctions against Venezuelan Vice President Tareck El Aissami on Monday, accusing him of playing a major role in international drug trafficking. The executive decree, the result of a years-long investigation, is bound to ratchet up tensions between the new Republican administration and the United States’ harshest critic in Latin America.
Actor Scott Baio: Liberals are an Insignificant Part of the Population
On February 2, retail chain Nordstrom announced that they would drop Ivanka Trump’s clothing line, which sparked major controversy to whether the decision was political, based on her father’s presidency. Nordstrom said the choice was based on the performance of the brand.
Treasury Secretary Steven Mnuchin: 3 Things to Know
Steven Mnuchin, who was confirmed Monday night as the nation’s new secretary of the Treasury, is looking for major reforms in housing and other areas under the Trump administration. The hedge fund manager is a former executive and partner at Goldman Sachs , where he spent 17 years before founding Dune Capital Management.
Shopify Earnings: What Investors Should Expect
Shopify provides the backbone for some 325,000 online stores, offering an easy way to set up an online store. It charges a monthly fee for its core service.
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Basically, all scams appeal to some combination of two emotions: greed and fear. By playing on these emotions, a good con artist can often convince even the most skeptical people to forgo their better judgement when asked to part with their hard-earned money.
How Safe Is Ford Motor Company’s 4.8% Dividend?
The Blue Oval paid shareholders a dividend every year from its IPO in 1956 until 2006, when then-CEO Alan Mulally cut spending as far as he dared in a last-ditch effort to save the deeply troubled automaker. That effort was a great success, of course.
Chesapeake Energy Settles With Estate of Former CEO
Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, April 17, 2012. From a single 6,000-square-foot building in 1989, the multi-building complex today contains almost one million square feet of office space and includes … employee perks like on-site Botox treatments at the headquarters.
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Ball State University officials have decided against selling the school’s television frequency and will continue operating its public broadcasting station. The decision comes after the university had considered giving up the WIPB-TV frequency in a Federal Communications Commission auction aimed at freeing up bandwidth for mobile devices.
Top bank regulator the first Fed domino to fall under Trump
Friday’s resignation letter from Federal Reserve Governor Daniel Tarullo represents the first domino in what is likely to be a series of changes at the central bank that will afford President Trump the opportunity to substantially and rapidly alter the composition of the Fed’s Board of Governors. To put this in context, there are seven governor slots on the Federal Reserve, which account for seven of the 12 votes on the policy-setting Federal Open Market Committee .
Senate confirms Mnuchin as treasury secretary
Steven Mnuchin, Treasury secretary nominee for President Donald Trump, speaks during a Senate hearing in Washington on Jan. 19. Photographer: Andrew Harrer/Bloomberg The Senate confirmed Steven T. Mnuchin as Treasury secretary Monday evening, putting an end to a contentious and protracted debate while adding another former banker to President Trump’s roster of advisers. Mnuchin ran a bank, OneWest, that foreclosed on tens of thousands of Americans following the financial crisis, and Democrats argued that he would not represent the financial interests of ordinary Americans in office.
Why General Motors’ Profit in North America Fell Last Quarter
Its pre-tax income of $2.4 billion capped a year in which its revenue, pre-tax income, and operating margin all set records. But there were some points of concern in GM’s fourth-quarter earnings report.
The Single Most Important Quote From eBay Inc’s Latest Investor Call
Notably, the structured data efforts to better connect buyers and sellers is showing signs of improving the marketplace business. eBay has now processed 180 million pages using machine learning and artificial intelligence to help buyers find what they’re looking for more efficiently.
Retail Stocks: What to Watch in 2017
Assailed by the relentless and merciless rise of e-commerce, brick-and-mortar retailers are struggling to adapt to an increasingly online world. Will this retail destruction continue in the year ahead? And what are the major retail trends that investors should watch? Read on to find out.
Feds: TSA workers in Puerto Rico smuggled 20 tons of cocaine
Authorities say that security screeners and airport workers helped smuggle 20 tons of cocaine through Puerto Rico during an 18-year operation that ended only last year. Federal officials said Monday that smugglers repeatedly got suitcases full of cocaine through the Transportation Security Administration system at Luis Munoz Marin International Airport in San Juan.
Are Your Retirement Savings Crash-Proof?
During the bear markets of 2000-2002 and 2007-2009, the S&P 500 Index lost 49.1% and 56.4%, respectively. As a result, it’s estimated that investors lost trillions of dollars during those two downturns.
Why Sage Therapeutics Jumped Today
Sage Therapeutics announced top-lineresults froma Phase 2 clinical trial study of SAGE-217, the company’s orally administereddrug that is being researched as a hopeful treatment of major depressive disorder . Data from the trial showed that SAGE-217 met the study’s primary endpoint, which was to evaluate that the drug was safe and well-tolerated by patients.
Spirit Airlines Stock Soared 45% in 2016, but It’s Still Cheap
Indeed, Spirit Airlines stock lost nearly half of its value in 2015. However, it bounced back in 2016, posting a strong 45% gain, according to data from S&P Global Market Intelligence .
S&P 500 Tops $20 Trillion as Wall Street Trades on Trump
U.S. equity indexes hit record highs on Monday, with the benchmark S&P 500’s market value topping $20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy. Trump vowed last Thursday to make a major tax announcement over the next few weeks, adding fuel to a rally that had stalled amid worries about the potential impact of his protectionist trade stance and a lack of clarity about other policy reforms.
The Latest: Trump says he wants to tweak NAFTA
Speaking at a news conference with Canada Prime Minister Justin Trudeau, Trump suggested that he was content but had some unspecified objections to trade with Canada through the North American Free Trade Agreement. The president has targeted the two decade-old pact for criticism, saying it caused factory jobs to move to Mexico.
HCP Earnings: The New HCP Is Coming Together Nicely
More significantly, the company reported significant progress toward its goal of becoming a stable, predictable healthcare REIT once again. Here are the highlights of HCP’s fourth quarter, and what investors can expect going forward.
Apple Shares Hit an All-Time Closing High
The Apple logo is seen on the facade of the new Apple Store in Paris, France, January 5, 2017. REUTERS/Charles Platiau (
Apple closes at record high for first time since 2015
Shares of Apple rose to a record high close on Monday, buoyed by Wall Street’s expectations that the release of a 10th-anniversary iPhone and pent-up customer demand will shore up lackluster sales. The largest component of the S&P 500 and a core holding on Wall Street, Apple’s stock climbed 0.9 percent to end at $133.29, breaking above its record high close of $133.00 hit on Feb. 23, 2015 and giving it a market value of about $699.3 billion.