Day: February 14, 2017

Why Wayfair Inc. Stock Jumped 18.6% in January

The bulk of Wayfair’s gains last month came as the stock jumped more than 10% on Jan. 10, shortly after Wayfair CEO Niraj Shah spoke at the 19th Annual ICR Conference in Orlando, Fla.More specifically, Shah noted that Wayfair’s performance was “quite strong,” both overall and during the five-day holiday shopping period of Thanksgiving through Cyber Monday. Shah further stated that while there was “some consumer uncertainty” as management had warned during its third-quarter 2016 report earlier in November — which effectively sent shares plunging to end the year — in retrospect “it wasn’t really to any significant degree.”

RPX Disappoints With Falling Profits, Tepid Guidance

Yet as valuable as that service has been, RPX has recently had trouble finding ways to grow its revenue from subscribing clients. Coming into Tuesday’s fourth-quarter earnings report, investors knew that RPX’s relatively new discovery services business would lead to an overall sales increase, but they still wanted to see signs of growth elsewhere.

CSX railroad wants shareholder vote on hedge fund’s demands

CSX wants its shareholders to vote on the demands a hedge fund is making as it seeks to install the executive who led Canadian Pacific’s turnaround at the U.S. railroad. The Jacksonville, Florida-based CSX said Tuesday it will call a special shareholder meeting so investors can have a say on the requests from Paul Hilal ‘s hedge fund.

Top Publicly Traded Video-Game Stocks in the Industry

Video-game stocks have seen a lot of growth lately, but the gaming industry could still give publicly traded gaming companies such as Electronic Arts even more room to run. With the growth of online gaming, mobile gaming, and new hardware and software that’s preparing a tech overhaul for this industry, here’s why EA and these other companies could be some of the best video-game stocks now.

18 electric vehicle charging stations installed at LAX parking structure 7

LOS ANGELES >> Los Angeles International Airport officials announced Tuesday that 18 “level 2” electric vehicle charging stations have been installed in Parking Structure 7. LAX now has a total of 81 level 2 charging stations, with another eight chargers at the LAX FlyAway bus terminal in Van Nuys. “By installing EV charging stations and encouraging people to drive zero-emission vehicles, LAWA is helping to make the air we breathe cleaner and I greatly appreciate their work,” said City Councilman Mike Bonin, whose district includes LAX.

SoftBank to Buy Fortress Investment Group for $3.3 Billion

SoftBank Group Corp. is buying alternative-asset manager Fortress Investment Group LLC for $3.3 billion in cash to operate alongside the Japanese company’s soon-to-be-established technology investment fund. Japan’s SoftBank will pay $8.08 a share for New York-based Fortress, a 39 percent premium to the company’s Feb. 13 closing price, according to a statement Tuesday.

CSX Eyes Special Meeting to Vote on Activist Fund’s Proposals

The railroad giant is seeking guidance from investors about whether to support an activist investor’s proposals to replace the company’s CEO and obtain six director seats. Railroad giant late Tuesday said it was calling a special shareholder meeting to seek guidance from investors about whether to support a series of proposals issued by an activist investor who is seeking to replace the company’s CEO and obtain six director seats on a newly formulated fourteen-person board.

Rupert Murdoch Doesn’t Push Fox Film Studio Politically, Says CEO Snider

Fox studio chief Stacey Snider says she’s under no pressure from Rupert Murdoch to make films that might appeal to voters who elected Donald Trump president. 21st Century Fox Executive Chairman Rupert Murdoch hasn’t talked politics or pushed Fox’s film studio to make movies that might have greater appeal to the millions of people who helped to elect Donald Trump president.

T-Mobile one-ups Verizon; 4th-quarter results top forecasts

Mobile US has added new features to its unlimited data plan to one-up competitor Verizon, just hours after the larger carrier announced its own unlimited plan. T-Mobile, headquartered outside Seattle, will allow customers to stream videos in HD quality by default beginning Friday, addressing the major criticism of its unlimited T-Mobile One plan.

Port officials weigh options to clean the air: Natural gas or electric?

Energy companies are fighting part of a proposed clean air plan for the ports of Long Beach and Los Angeles that would demand zero-tolerance for truck emissions by 2035. Proponents of natural gas and other fuels that are cleaner than diesel argued at a Long Beach Harbor Commission meeting Monday night they can accomplish near zero-emission using energy that is already available, getting the port closer to its goal quicker.

Flex: Cramer’s Top Takeaways

Shares of Flex have been on a tear, rising almost 30% in 2016 and already up another 13% in 2017. “What a winner,” Cramer said of the stock, which trades at just 12 times next year’s earnings.

Visa: Cramer’s Top Takeaways

Visa CEO Al Kelly tells Jim Cramer there’s great opportunity for growth in India and elsewhere in coming years. In an “Executive Decision” segment, Cramer spoke with Al Kelly, CEO of Visa .

Another College Station Sold

We are seeing it more and morecolleges no longer interested in subsidizing campus radio stations. We learned on Tuesday that Northern Kentucky University has approved a plan to sell WNKU-FM to Bible Broadcast Corp. for $1.9 million.

5 Steps for Tracking Your Monthly Expenses

But while thinking about your monthly financial picture is a great start, it isn’t enough to actually wrangle your expenses. The next move is tracking your spending on a regular basis so you can get an accurate picture of where your money is going and where you’d like it to go instead.

19 Ways to Save on a Wedding

Weddings cost an average of $35,329 nationally – excluding the honeymoon – according to The Knot’s 2016 Real Weddings Study . That’s the highest reported average cost since the survey began in 2006.

Facebook Announces New TV App in Move to Become Video Destination

The social media giant is set to launch a new app in the coming months that will be available on Apple TV and Amazon’s Fire TV. Facebook announced on Tuesday that it was significantly increasing the number of ways users will be able to watch its videos, including via a new app accessible on set-top boxes such as Apple TV and Amazon Fire TV, as well as Samsung Smart TVs.

Boyd Gaming Reports Mixed Q4 Results

Boyd Gaming reported a 2.2% increase in fourth quarter net revenue to $554.8 million, generating earnings of 38 cents a share. Analysts polled by FactSet were expecting the company to report revenue of $561.1 million and earnings of 24 cents per share.

Facebook Exec Treads Lightly on Fake News

Facebook’s Dan Rose says the world’s largest social media platform is taking many steps to combat fake news but won’t prevent suspect sources from posting. While the world’s largest social media platform is flagging some stories as fake, it is pulling back from proactively fingering suspect stories or cutting off the feeds of websites that notoriously publish nefarious information meant to sway the public.

David Elman

David Elman is the senior bankruptcy editor covering new bankruptcy filings, court hearings, controversies and debtor-in-possession loans and exits. David also edits auction, out-of-court and private equity copy, helps produce daily electronic editions of The Deal and compiles the Bankruptcy Insider and M&A Tipsheet newsletters.

Some final notes on MANs vs LANs

Although the IEEE had adopted a MAN standard, there were only relatively few examples of what might be called MANs available, and none of these conformed to the proposed IEEE standards. Those networks that did exist were largely based on CATV, and were often called Institutional Networks, or I-Nets.

Skechers Concept Stores Help Drive International Growth

The company’s strategic investments in its international concept stores over the last several years played a key role in its international growth by ensuring the right products are available for its wholesale customers, thereby increasing sales and reducing markdowns. With Skechers having twice the number of international concept stores as its U.S. domestic segment, there is clear potential for tremendous international growth in 2017 and beyond.

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The office building of health insurer Anthem is seen in Los Angeles, California February 5, 2015. REUTERS/Gus Ruelas/File Photo (

Fed’s Yellen defends ‘stress test’ of Wall Street

A yearly checkup on leading Wall Street banks helps regulators protect the U.S. financial system and the reviews should be preserved, the Federal Reserve chair said on Tuesday. The largest 44 banks in the United States must satisfy regulators that they could weather a serious economic downturn in the annual ‘stress test’ administered by the Federal Reserve.

Buffett Bets Big on Apple

Warren Buffett’s Berkshire Hathaway Inc was an aggressive buyer of stocks in last year’s fourth quarter, disclosing significant increases in its stakes in Apple Inc and in the four biggest U.S. airlines. In a regulatory filing, Berkshire said it nearly quadrupled its stake in Apple to about 57.4 million shares, worth roughly $6.64 billion as of Dec. 31, from 15.2 million shares three months earlier.

Apple breaks intraday record high for first time since 2015

Apple Inc’s share price hit an intraday record high on Tuesday for the first time in almost two years as investors raised bets that a 10th anniversary iPhone will boost lackluster sales. The stock touched an intraday all-time high of $135.09, beating its previous intraday high of $134.54 set on April 28, 2015.

Trump’s Twitter Anger Could Be Contagious

When Trump’s tweets are angry, the mood of his followers darkens too, according to an analysis by two political scientists at Penn State. President Donald Trump has shown a unique ability to use Twitter as a way to connect directly with his followers.