Speaking Monday at the HPA Tech Retreat, the exec also said he’s not looking to launch virtual reality at his theaters. Neil Campbell, president/CEO of Landmark Cinemas, asserted that he needs a steady stream of all types of movies – not just tentpoles – to keep his cinemas healthy.
Day: February 21, 2017
Ex-Forex Traders in Singapore Get Jail Time for Cheating Banks
Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades. Former HSBC senior dealer Ivan Chng was sentenced to 15 weeks in jail, Singapore High Court Justice See Kee Oon said on Wednesday.
Snapchat has a huge problem with Android, and it’s causing…
Snapchat executives faced tough questions from investors in New York on Tuesday. Most of all: why is user growth slowing? Executives at the roadshow in New York on Tuesday said Android phone users had problems accessing the Snapchat app, particularly in the fourth quarter.
Related Article: Snapchat IPO Is ‘An Accident Waiting to Happen’: More Squawk From Jim Cramer
Snapchat set its valuation at the lower end of previous estimates. The popular app may be an ‘early 2014 story,’ Jim Cramer said.
As Microsoft Takes Its Time With HoloLens, Apple and Others Have an Opportunity
Google Glass was already beginning to look as if it was dead in the water. That made it easy for HoloLens, which projects holographic images onto a user’s real-world view, to be hyped as a major new computing platform.
Amb. Bolton on meeting with President Trump
Feb. 21, 2017 – 7:39 – Former U.S. Ambassador to the U.N. John Bolton discusses his meeting with President Trump and why the administration wants NATO allies to pay their fair shares.
How the U.S. has helped the global economy
Feb. 21, 2017 – 4:10 – Patriarch Organization Chairman and CEO Eric Schiffer and Wall Street Journal video reporter Shelby Holliday discuss how the U.S. has helped the global economy.
Chinese Streaming Giant iQiyi Raises $1.5B
The cash infusion will boost the Netflix-like streaming service in its ongoing battle for market share against Tencent and Alibaba. iQiyi, the Netflix-like streaming video subsidiary of Chinese search giant Baidu, has raised $1.53 billion in new funds to fuel its investments in original content and compete with rivals.
Depomed Reports 33% Increase in 2016 Net Product Sales
While companies in the opiod sector have had to deal with headlines about abuse as well as pharma pricing controversies, Depomed reported increased sales across its product line. Depomed , a pharmaceutical company focused on developing products to treat pain and best known for its drug NUCYNTA, finished 2016 with full-year, non-GAAP adjusted earnings of $1.15 per share.
Sexual Harassment Allegations Light Fire Under Uber
Uber may end up doing Lyft a big favor if it can’t effectively manage the bad press swirling around the company. Now Uber has taken the bold step of retaining former U.S. Attorney General Eric Holder to look into allegations of discrimination and sexual harassment made over the weekend by Susan Fowler, a former engineer at the San Francisco-based company.
Asia Up as Wall Street Extends Record Rise, Dollar Steady
Asian stocks edged up on Wednesday, joining a record-setting night for world markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. The dollar was steady after hawkish comments from top Federal Reserve officials bolstered expectations the world’s no.
SAPVoice: It’s Time To Fix How We Board Airplanes
I’ve been able to observe a lot of passengers boarding planes. Based on what I’ve seen, how we board airplanes doesn’t work very well.
Rakuten Surges on Share Buyback at Half the Price of 2015 Issue
Rakuten Inc. surged the most in more than a decade after the Japanese e-commerce operator announced plans to buy back as much as 100 billion yen of stock at a significant discount to a share issue just 20 months ago. Shares climbed 11 percent to 1,149 yen in early Tokyo trade, headed for the biggest gain since 2004.
Uber engineer responds to sexism scandal: ‘This is everyone’s…
A sexism scandal has rocked Uber for the last two days after a former engineer published a lengthy blog post about her year at Uber. In her reflections, former engineer Susan Fowler said she was sexually harassed by her manager, ignored by HR, and was threatened by her manager for even reporting the alleged incidents.
Someone draped a ‘refugees welcome’ banner on the Statue of…
The Statue of Liberty got a new sign on Tuesday. A banner that read “REFUGEES WELCOME” was unfurled on the monument’s pedestal in New York.
Russia-Ukraine ‘peace plan’ controversy is an…
The controversy surrounding the role President Trump’s lawyer played in pushing a “peace plan” for Russia and Ukraine on the National Security Council is “an absurd attempt to distract” from Trump’s reforms, the White House told Business Insider on Tuesday. Trump’s personal lawyer, Michael Cohen, was at the center of a New York Times report published Sunday that said he had hand-delivered a plan to former National Security Adviser Michael Flynn before Flynn was asked to resign.
These new leaked photos appear to reveal more details about…
Leaked photos supposedly showing the upcoming Galaxy S8 seemingly confirm rumors about the device’s large display and narrow top and bottom borders. The photos, which were first reported by SamMobile , were leaked on Twitter from a source who allegedly works at a Chinese protective film manufacturer.
United, American Begin Selling Cheaper Economy-Class Fare
American and United have started selling cheaper “basic economy” fares as they battle discount airlines for the most budget-conscious travelers. American announced early Tuesday that it began selling the new fares for flights starting March 1 on 10 different routes from its hub airports in Dallas, Miami, Philadelphia and Charlotte, North Carolina.
Hedge Funds Lose Bid to Quash Fannie, Freddie Profit Grab
Hedge funds largely failed in their legal challenge to the U.S. government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac after their bailout, sending shares of the mortgage guarantors plunging. Perry Capital LLC, the Fairholme Funds and other big investors lost a bid to overturn a judge’s ruling that said they can’t sue the government over the dividend change.
Magic Johnson takes over Lakers; Mitch Kupchak, Jim Buss out
Team owner Jeanie Buss fired general manager Mitch Kupchak on Tuesday and put Johnson in charge of basketball operations. She also removed her brother, Jim, from his job as the Lakers’ executive vice president of basketball operations.
Wal-Mart, General Mills and Popeyes climb; Kraft Heinz falls
The chicken chain agreed to be bought by Burger King owner Restaurant Brands for $1.8 billion, or $79 a share. The jewelry retailer will add three new directors to its board as part of a deal with hedge fund Jana Partners .
UPS tests drones for regular deliveries in rural areas
United Parcel Service said Tuesday that a drone launched from a specially outfitted truck, made a delivery and returned to the truck during a test this week in Florida. UPS has tested drones for emergency deliveries such as medicine.
Walmart profits drop 18% in 4th quarter despite strong holiday sales
Walmart, the giant retailer, said Tuesday that it had attracted more customers during the crucial holiday shopping season but that its efforts had come at a cost. Sales at U.S. stores open at least a year rose 1.8 percent during the fourth quarter, compared with a 1.3 percent increase many analysts were expecting, Walmart reported .
Tribune Media Stock Rising on Starboard Stake Increase
Shares of Tribune Media are gaining by 2.49% to $34.54 in after-hours trading on Tuesday, after it was disclosed that Starboard Value upped its stake in the media and entertainment company. Starboard’s stake now stands as 6.6%, a more than 2% rise from its previously held stake in Tribune.
Starboard’s Smith Launches Activist Campaign at Tribune Media
The insurgent investor reported a 6.6% stake and said he may make recommendations to the company involving board structure and “potential business combinations.” Tribune Media’s share price spiked in late trading Tuesday after activist investor Starboard Value’s Jeff Smith suggested that he may make recommendations to the company involving board structure, capitalization and “potential business combinations.”
Facebook, MLB in Talks to Stream Live Games
Facebook and Major League Baseball are in advanced discussions to live stream one game per week this upcoming season on the social media giant’s platform, according to Reuters , citing sources. This is a developing story.
Senators Want Sessions to Review AT&T, Time Warner Deal
The planned $85 billion merger between AT&T and Time Warner could be facing further scrutiny as top senators on the Judiciary Committee are urging the DOJ to look into the deal further, due to antitrust concerns. Subcommittee chair Sen. Mike Lee and Amy Klobuchar sent a letter to Attorney General Jeff Sessions highlighting parts of the deal they find concerning, The Hill reports.
Apple’s Reported Plan to Launch Several New iPads Makes Sense, But Won’t Stabilize Tablet Sales
Launching new iPad Pro models should strengthen Apple’s grip on the high-end. But bigger improvements will be needed to spark an industry recovery.
Dow Posts Eighth Consecutive Record Close; S&P 500 and Nasdaq Also Score New Highs
Wall Street returned from the long holiday weekend with enough energy to push stocks to new records for their second session in a row. The Dow Jones Industrial Average increased 0.58% to close at 20,743, capping off its eighth straight day of gains following a better-than-expected quarter from Walmart .
All Of Trump’s Executive Orders So Far
In the past two months, President Donald Trump has signed a dozen executive orders into effect to fulfill campaign promises. Most, if not all, have caused controversy, and they have undon a lot of the work of the Obama administration.
Is It Possible to Get Tired of the Market Hitting All-Time Highs?
There was a slight variation in the market pattern today, but the result was the same with an afternoon ramp and a close at the highs. This time the market gapped up rather than down and the dip buyers never had much of a chance to do their thing again.
II-VI’s Optics Are Excellent
In this one-year daily chart of IIVI, below, we can see how prices started their uptrend in September. Prices are above the rising 50-week moving average line and the rising 200-day average.
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In this Oct. 5, 2016, file photo, heavy equipment is seen at a site where sections of the Dakota Access Pipeline were being buried near the town of St. Anthony in Morton County, N.D. The Army has notified Congress Tuesday, Feb. 7, 2017, that … it will allow the $3.8 billion Dakota Access pipeline to cross under a Missouri River reservoir in North Dakota, completing the four-state project to move North Dakota oil to Illinois. The Army intends to allow the crossing under Lake Oahe as early as Wednesday, Feb. 8. The crossing is the final big chunk of work on the pipeline.
Whata s the Difference Between ETFs and Mutual Funds?
Exchange traded funds have taken the financial industry by storm, experiencing phenomenal growth in the fund space. Many investors now consider ETFs as a valid replacement for traditional open-end mutual funds as strategies evolve.
How long will the market rally last?
Feb. 21, 2017 – 4:59 – President of Pacer ETF Distributors Sean O’Hara on whether market optimism will continue and Trump’s position on trade.
New FCC head Ajit Pai could influence Canada’s net neutrality policies
Donald Trump’s pick to lead the U.S. telecommunications regulator has taken aim at net neutrality rules, a move that could have an influence on policy in Canada. Net neutrality is the principle that all Internet traffic should be treated the same.
Trump’s new EPA chief barely mentioned the environment in…
Scott Pruitt, the Environmental Protection Agency critic who recently took over the agency as part of the Trump administration, gave his first address in his new position Tuesday. The former Oklahoma Attorney General mentioned “important, monumental issues with respect to our future and our environment,” but avoided a number of issues central to the EPA’s mission – such as air and water protection, cleanups, public health, and environmental monitoring.
Milo Yiannopoulos resigns from Breitbart after appearing to…
Milo Yiannopoulos, the controversial right-wing provocateur, resigned as senior editor from Breitbart News on Tuesday amid controversy stemming from year-old comments he made appearing to condone sexual relationships between “younger boys and older men.” “I would be wrong to allow my poor choice of words to detract from my colleagues’ important reporting, so today I am resigning from Breitbart,” Yiannopoulos said in a statement .
Vancouver police: Son began trying to dismember mom’s body
A 45-year-old man is accused of killing his mother at her Vancouver home last week and trying to dismember her before he was arrested, according to court documents. Kenneth Moore appeared in Clark County Superior Court Tuesday.
Man who discussed attack like Dylann Roof’s to stay in jail
This police booking photo released Thursday, Feb. 16, 2017 by the Horry County Police Department in Conway, S.C., shows Benjamin McDowell. McDowell is charged with being a felon in possession of a firearm.