Russia has deployed a cruise missile that American officials say violates a 1987 arms-control treaty, potentially complicating relations with a Trump White House that had planned to seek more common ground, according to the New York Times . The Obama administration objected to the missile and had asked Russia to make it compliant with 1987 ban on intermediate ground-launched weapons.
Month: February 2017
Paypal and Alphabet Spell it Out for Investors
In this episode of Industry Focus: Tech , they share the most interesting points from both reports, from the most important earnings numbers to little Q&A gems that shed some light on each companies’ long-term plans, and more. Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
Here’s Why Northern Dynasty Minerals Dropped as Much as 39.6% Tuesday Morning
Despite your view of the company, an open-minded investor will see that Kerrisdale Capital Management made many solid points in its argument. Northern Dynasty Minerals has been jolted back to life by the ascension of Donald Trump to the White House, which promises to lead the loosening of regulations and permitting approval processes for resource extraction in the United States.
Here’s Why Cynosure, Inc. is Soaring Today
News broke on Tuesday morning that the company has accepted a buyout offer from Hologic Cynosure has agreed to be purchased for $1.65 billion, or$66 per share. Hologic plans onusing cash to fund the deal, which will cost the company $1.44 billion after netting out Cynosure’s cash balance.The deal has already been given the green light from theboards of directors of both companies.
Discovery Communications Inc. Revenue Grows as Pay-TV Subscriber Base Declines
Overall sales growth ticked up to a 2% pace from flat in the prior quarter thanks to accelerating gains in the U.S. division. Discovery’s international business, which was responsible for more than half of revenue, posted flat sales and declining profits.
Burger King Stock Is So Hot That It’s Flame-Broiled
Restaurant Brands International had a strong fourth quarter. Revenue rose 5% as expansion and positive comps at both its Burger King and Tim Hortons concepts helped push the top line higher.Adjusted earnings soared 38% to $0.44 a share.
3 Social Security Misunderstandings That Could Cost You
Social Security helps millions of seniors stay afloat financially once they retire. But without a clear understanding of how the program works, you could be in for some unpleasant surprises once you come to rely on those benefits.
3 Companies That Could Slash Their Dividends
A high dividend yield can be tempting, but investors always need to make sure that dividend is sustainable before jumping in. There’s nothing worse than buying a stock for the dividend only to see it slashed.
Do Women Need Ivanka Trump to Break the Glass Ceiling?
Yesterday’s roundtable between President Trump, Canadian Prime Minister Trudeau and nine top female executives was arranged by Ivanka Trump. The first daughter is rapidly emerging as a champion for women at work, particularly those of the entrepreneurial and leadership variety.
Trump Trade Threats May Spawn Risk-Transfer Deals, Lloyd’s Says
Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial clients against disruptions in global commerce. “I wouldn’t be surprised if we start seeing much more political-risk insurance being bought all over the place,” Beale said in an interview Tuesday in Miami.
American Air’s Pilots Vote No-Confidence in CEO, Executives
The leaders of American Airlines’ pilot union voted no-confidence in Chief Executive Officer Doug Parker, citing pay and scheduling problems, delays in implementing their full contract and a “toxic” company culture. “The straw that broke the camel’s back was Parker skipping last week’s meeting with President Trump and other airline industry executives at the White House,” the Allied Pilots Association said in a statement Tuesday.
Marathon CEO Placed Steep Price Hikes on Drugs Before Emflaza
The CEO of the latest drugmaker to face criticism over a product’s high price has a history of steep hikes on other drugs and at past companies. Marathon Pharmaceuticals LLC Chief Executive Officer Jeffrey Aronin, under fire for setting an $89,000 price on the company’s drug for a rare, deadly muscle disease, was questioned in a letter more than two years ago by Washington lawmakers about mark-ups on two heart drugs.
WorldQuant Said to Lure Talent With Intellectual Property
Igor Tulchinsky’s $5 billion WorldQuant is seeking at least 15 teams of independent quantitative money managers in an effort to grow its multi-manager platform. WorldQuant is trying to attract top talent to its Accelerator platform, which currently has about 15 teams of managers, by offering them its modeling and back-testing technologies, the hedge fund said in a statement on Tuesday.
Here’s the One Hotel That Could Absolutely Blow Everyone Away With Its Earnings on Wednesday
Wednesday will be a big day for hotel stocks as 2016 fourth quarter earnings results filter in from Hilton Worldwide , Marriott Int’l and Choice Hotels Int’l . Analysts surveyed by Factset are expecting Marriott, boosted by its September $13 billion acquisition of Starwood Hotels & Resorts , to crush results.
Meet the man who’ll dismantle net neutrality ‘with a smile’ – CNET
Ajit Pai, the newly christened chairman of the Federal Communications Commission, won’t let a little thing like a hurricane stop him from his obligations. When the rest of the East Coast was taking cover from Hurricane Sandy in 2012, then-FCC Commissioner Pai was sitting in his kitchen at his home in Northern Virginia delivering a keynote speech via video conference to attendees at the 4G World Trade show in Chicago.
Samsung’s Lee Again Faces Arrest Warrant in Graft Probe
South Korean prosecutors are again seeking to arrest Samsung Group’s Jay Y. Lee, citing new allegations of bribery and dealing another blow to a business empire mired in a nationwide corruption scandal. Investigators want Lee taken into custody, after a first attempt in January was rejected by a court due to a lack of evidence, said Hong Jung-seok, a spokesman for the special prosecutor’s team overseeing the probe.
Peugeot Owner PSA Explores Acquisition of GM’s European Division
PSA Group, the maker of Peugeot and Citroen cars, is exploring an acquisition of General Motors Co.’ s European business in a deal that would transform the region’s automotive landscape.
Aetna, Humana Abandon $37 Billion Merger Blocked by Judge
Aetna Inc. ended its $37 billion takeover of Humana Inc., after deciding not to appeal a ruling by a federal judge who blocked the health insurers’ combination on antitrust grounds. The companies came to a mutual agreement to terminate the deal, and Aetna will pay Humana a $1 billion breakup fee, or about $630 million after taxes.
Credit Suisse Keeps Swiss IPO Options Open While Job Cuts Deepen
Credit Suisse Group AG plans to cut as many as 6,500 jobs this year and is keeping its options open as it prepares for a partial sale of its Swiss unit to strengthen capital. The share sale “is a very good option, it’s on the table,” Chief Executive Officer Tidjane Thiam said in a Bloomberg Television interview Tuesday.
The Trump administration’s other war on the media
The Trump administration’s unrelenting attacks on the media and assault on reality have been well covered by journalists and media outlets that find themselves in the new administration’s crosshairs. Yet while the White House’s insistence on ” alternative facts ” may be more visibly ominous, there is another growing threat to the independent media that also demands our attention.
The Forum at RSA Conference
This year’s RSA Conference continues the long string of high powered speakers from both the private and the public sector. While there are great keynotes and more than 500 track sessions, we discovered we needed more! Five years ago, many senior government officials were looking for a platform from which they could communicate what they were working on; identify issues they saw; and even ask for input from the cybersecurity professionals physically present or following them virtually.
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.
Restaurant Brands Reportedly Lost Interest in Popeyes
Restaurant Brands had reportedly pursued a potential takeover of rival fast-food chain Popeyes Louisiana Kitchen months ago, but has since lost interest, the New York Post reports. Yesterday Reuters reported that the Canada-based owner of Burger King and Tim Hortons was currently in discussions about a possible acquisition.
T-Mobile USA Shares Rise as Company Blows Through Q4 Consensus for Earnings, Revenues
Mobile USA beat expectations for earnings and revenues in the fourth quarter, as competition between the wireless carriers grows increasingly intense. Shares rose 1.6% to $ The carrier reported earnings of 45 cents per share, well above Wall Street forecast 28 cents per share, and revenues of $10.2 billion also beat expectations of $9.86 billion.
Janet Yellen should shift her focus to the Fed’s huge balance sheet — Guilfoyle
“If every lover was treated like they matter, every day, Valentine’s day wouldn’t be so special.” — Mokokoma Mokhonoana We have gone over and over the president’s economic agenda like a constantly banging drum.
General Motors in Talks With French Rival Peugeot Over German and British Units
French auto-maker Peugeot ‘s shares rose sharply in Paris on Tuesday on news that General Motors is in advanced talks with its French rival over its European brands Opel and Vauxhall. The shares rose to a high of a 19.17 before falling back slightly and was recently trading at a 18.81, up 4.94% on Monday’s close.
Stock Futures Pause Ahead of Yellen Testimony
A rally that pushed stocks to new heights appears to hit pause in premarket trading Tuesday as investors look toward comments from the head of the central bank. A rally that pushed stocks to new heights appeared to hit pause in premarket trading Tuesday as investors looked toward comments from the head of the central bank.
How This Retiring Delta Lobbyist Helped Fight for the Airline Industry’s Survival
This is a good “small world” story: On Feb. 4, Andrea Newman, Delta’s Washington lobbyist, attended the University of Michigan-Ohio State basketball game in Ann Arbor, Mich., when she ran into American Airlines Chief Financial Officer Derek Kerr. Both are Michigan grads, and their Ann Arbor condos are next to one another.
These 25 Companies Could Get a Big Profit Boost From a Little Known Part of Trump’s Tax Reform
Companies that spend effectively to develop property, plant, equipment and even their brands could get a big boost from a tax break proposed by the Trump Administration and Republicans on the House Ways and Means Committee. The break, a little noted part of corporate tax reform efforts, would allow certain companies to deduct from their U.S. taxable income the full amount they spend to develop a capital asset in the year they make the investment, and thereby improve their cash flow and eventual profitability.
Trader’s Daily Notebook: As Bullish Excess Builds, Sellers Lurk
Friday’s session ended with bulls enjoying a pleasant tailwind, and I believe it’s fair to say they took full advantage of their favorable field position during Monday’s auction. Unfortunately for those just now entering the auction on the long side, I believe Monday’s session exhibited several indications of shorter timeframe bullish excess.
‘Let’s stipulate that Amazon’s working on something against everyone, everywhere, right now.’
Sell Cisco and Microsoft , Amazon’s got chime. It wants to own the video conferencing world.
Harvard Endowment Managers Said to Depart to Start Hedge Funds
Three money managers are planning to leave Harvard University’s struggling endowment to start their own hedge funds as the organization cuts staff and outsources investments. Portfolio managers Michele Toscani and Graig Fantuzzi, who each focus on fixed income at Harvard Management Co., are teaming up to start a hedge fund, according to people with knowledge of the matter.
Discovery Fourth-Quarter Earnings Beat Estimates, U.S. Ad Revenue Rises Slightly
The cable networks company, led by CEO David Zaslav, saw revenue fall below expectations as ratings were affected by bigger news channel audiences due to the U.S. presidential election, but ad prices rose. Discovery Communications, the company behind such cable networks as the Discovery Channel, TLC and OWN, on Tuesday reported better-than-expected fourth-quarter earnings.
Trump win has more people looking for love – eHarmony
From the moment Donald Trump’s election victory was confirmed on 9 November, all sorts of businesses have had to keep alert to the fallout of a result they didn’t expect. Use of online dating site eHarmony spiked by 35% in the US in the days that followed the Republican’s victory.
ICE raids have day laborers on edge across Southern California
In between offering their services to motorists, Sadot Garnica and another man marveled at how few day laborers like themselves were soliciting work at a Home Depot parking lot in Van Nuys one recent morning. Garnica, a U.S. citizen who lives out of an old van, and Saul, an undocumented immigrant from Mexico, agreed that some workers were probably staying away from the site after Immigration and Customs Enforcement officers arrested 161 people in a Southern California operation earlier this month, sparking fear among many who do not have legal status.
Billionaire Chase Coleman’s Tiger Global made a nearly $500…
The $20 billion investment firm took a new position in Fiat valued at $481 million in the final three months of the year, according to Bloomberg’s analysis of a regulatory filing on The quarterly filing, called a 13F, lists the long stock positions of investment firms. The positions are current as of 45 days prior, so it is possible that Tiger Global has since changed its positions.
Ball State Decides To Keep 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.
Nikkei Falls After Toshiba Earnings Delay
Japanese stocks fell more than 1 percent on Tuesday, with investor sentiment soured after Toshiba Corp delayed its earnings release, including details of a multibillion dollar charge related to cost overruns at its U.S. nuclear arm. The mood was also hurt by the dollar’s weakening after President Donald Trump’s national security adviser Michael Flynn quit.
Fed Has Limited View on Trump Policies Ahead of Yellen Testimony
Federal Reserve Chair Janet Yellen goes to Congress on Tuesday for the first time since Republicans took control of the White House and both houses of the legislature with less clarity on the direction of U.S. economic policy than at any time of her three-year tenure. The details of President Donald Trump’s economic policies remain largely unknown.
Century Mark! UConn Women Win 100th Straight Game
Given the team’s glitzier numbers linked to national championships, 11 titles and counting, it may seem ho-hum with no added significance. Geno Auriemma’s squad already owns the longest winning streak in Division I college basketball history.