These legal troubles could negatively affect the chipmaker in a number of ways. Particularly worrisome, though, is that at least one analyst has expressed concerns that its courtroom battles could hamper Qualcomm’s pending acquisition of NXP Semiconductor Having unfolded in several stages around the world, Qualcomm’s five-year legal ordeal can be broken down into five major points.
Month: February 2017
How a Movie Propelled Lego Back to the World’s Most Powerful Brand
Lego recently took back its crown from Google as the world’s “most powerful brand,” according to Brand Finance’s 2017 yearly Global 500 rankings report. And film experts say it had a little help from a movie character named Emmet.
Meet the New Wave of Insurgents
A Lazard review of activist campaigns for 2016 show that first-time insurgent campaigns represented about a quarter of all activism for the year – a record. Last month, startup fund Gilead Capital settled a brewing director-election proxy fight with Landauer to add one dissident director to the therapeutics and analytical services company’s board.
Intel’s Growth Strategy Is Decent, But Could Create Openings for AMD and Qualcomm
The chip giant hopes to offset PC and enterprise server weakness with cloud, IoT and flash memory growth. But the strategy could create opportunities for AMD and Qualcomm.
Frank’s Place: Sports-TV connection was born in Philly in 1937
Frank Fitzpatrick has been an editor and writer at the Inquirer since 1980. A onetime beat writer for the Phillies, Eagles, and Penn State football, he’s also covered nine Olympics.
Siddharth Dhananjay was discovered by director Geremy Jasper on World Star Hip Hop.
The India-born, Indonesia-raised and Iowa-educated Dhananjay was first discovered by Patti Cake$ director Geremy Jasper on World Star Hip Hop where his parody rap videos were posted under his pseudonym Dhananjay the First. The Sundance comedy, which sold to Fox Searchlight for $9.5 million, is the first feature film role for Dhananjay, who plays the best friend and biggest fan of aspiring rapper Patti .
FCC faces doubleheader of Hill hearings
The Federal Communications Commission is facing a long day on March 8, with back-to-back hearings in the House and Senate. FCC Chairman Ajit Pai will face panels chaired by lawmakers more amiable to his policies than they were to his Obama-appointed predecessor, Tom Wheeler.
U.S. FCC spectrum auction bidding ends at $19.6 billion
The U.S. Federal Communications Commission said Friday that bidding in the wireless spectrum auction has ended at $19.6 billion, significantly less than many analysts had initially forecast. The so-called broadcast incentive spectrum auction is one of the commission’s most complex and ambitious to date and should be complete by April.
Scripps shares results of its participation in FCC broadcast spectrum auction
This week, the FCC lifted a quiet period it had imposed on station groups regarding the auction, allowing broadcasters to publicly share their auction results. “We pursued several channel-share arrangements with ourselves and other broadcast partners that would have allowed us to continue to operate our stations and serve our local communities while supporting the government in its attempt to recapture some broadcaster spectrum,” said , senior vice president, broadcast, for Scripps.
The 3 biggest mistakes people make in online dating, according…
Showcasing your best qualities in the real world can be tough enough; but online you’re expected to highlight them solely through a few paragraphs and pictures. What could go wrong? Grant Langston, CEO of the online-dating site eHarmony , recently spoke with Business Insider about the biggest mistakes people make in online dating – and how they can correct them.
At $60,000 an Acre, Permian May Be Too Ritzy as Crude Rises
Record prices for drilling rights in the Permian Basin, the most fertile U.S. shale field, are prompting oil companies and private equity investors to look elsewhere for the next big gushers. Explorers eager to tap the basin’s mile-thick stack of oil-soaked rock layers have paid as much as $60,000 an acre.
Trump, Japan’s Abe Discuss Concerns About Trade, Security at Summit
Japanese Prime Minister Shinzo Abe shakes hands with U.S. President Donald Trump during their meeting in the Oval Office at the White House in Washington, U.S., February 10, 2017. REUTERS/Jim Bourg TPX IMAGES OF THE DAY – RTX30HPZ President Donald Trump and Prime Minister Shinzo Abe opened two days of talks on Friday looking to cement a decades-old alliance between Japan and the United States that has been under strain because of the Republican’s positions on trade and security.
Why Shares of Skechers Rocketed Higher Today
While the results were mixed relative to analyst estimates, far stronger revenue growth than expected sent the stock up 21% by 11:15 a.m. EST. Skechers reported fourth-quarter revenue of $764.3 million, up 5.8% year over year and $40 million higher than the average analyst estimate.
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Intel’s second-largest business unit by revenue, and arguably its most important business for the long term, is its data center group . The business is attractive for a couple of key reasons.
Trump’s Tax Talk Drives Wall St to Record High
U.S. stocks hit record highs for the second day on Friday as investors remained upbeat about a tax reform plan that President Donald Trump vowed to unveil in the coming weeks. Trump’s promise of a “phenomenal” tax plan helped reignite a post-election rally, which had stalled in recent weeks on concerns over his protectionist stand and the lack of clarity on policy reforms.
Susquehanna Sees a Chance to Sell Sears at a Profit
Man, I mean, I thought this company was in trouble 10 years ago , when its stock was trading north of $135 a share. But the bad news just never seems to stop at Sears.
Sears Says to Cut $1B in Costs, Shares Surge
Beleaguered retailer Sears Holdings Corp said on Friday it would cut costs by $1 billion and reduce debt and pension obligations by at least $1.5 billion this year, sending its shares soaring as much as 40 percent. The company also said it had sold five Sears full-line stores and two Auto Centers for $72.5 million in January, and had engaged Eastdil Secured to raise at least $1 billion from the sale of its real estate.
Here’s Why Organovo Holdings Fell Up to 16.4% This Morning
That forced management to announce a significant reduction for full-year 2017 guidance. If investors only look at percentage increases from the prior-year period, then it would be easy to craft a story about how Organovo absolutely crushed it during the most recent quarter.
CSX extends director deadline as activist seeks CEO ouster
CSX Corp has extended the director nomination deadline for its board of directors, giving the U.S. railroad company more time to reach an agreement with an activist investor and industry veteran Hunter Harrison. CSX said the deadline would be extended to Feb. 24 from Friday, in a sign that the two sides remain in talks but have details to hammer out.
Carnival Corporation in 2017 — Risks vs. Potential Rewards
Here are some of the risks facing Carnival Cruise Lines, and also what opportunities it has for growth in the years ahead. While the DoJ’s ruling could continue to have an impact Carnival as it comes under more scrutiny and its year-over-year earnings growth is affected by the fine, this seems like an isolated incident and its impact seems already folded into Carnival’s stock price.
Big Names Like Rio Tinto Boost Steel ETFs
After more than doubling last year to rank as one of 2016’s best-performing non-leveraged exchange traded funds, the VanEck Vectors Steel ETF is on a tear to start 2017 with a gain of more than 8%.
Amazon’s U.S. Online Sales Growth Last Year Was More Than Everyone Else’s Combined
But it’s still astounding just how dominant it’s been in recent years. New data from Slice Intelligence shows Amazon took 53% of all the sales growth of online retailers in the US last year.
Amazon to begin collecting sales taxes in Arkansas in March
Amazon says it will begin collecting sales taxes on purchases in Arkansas, a move that lawmakers have said could bring millions in additional revenue to the state. A spokeswoman for the e-commerce giant said Friday that the company will begin collecting sales taxes on March 1, but declined further comment.
Gaspo: Sources Say NY Times to Create Trump-Finance Probe Unit
Feb. 10, 2017 – 3:22 – White House sources tell FBN Senior Correspondent Charlie Gasparino that the New York Times is creating a special investigative unit to investigate the business ties of Donald Trump, his family and administration officials.
Jim Cramer — PepsiCo Is Much Different Than Coca-Cola
Earlier this week, Coca-Cola reported in-line earnings per share results that investors weren’t too impressed with. While the company is admittedly in a turnaround — something Cramer took a closer look at as well — PepsiCo investors want to know if they have something better to look forward to on Wednesday when the company reports before the open .
European Benchmarks Surge on Corporate Earnings, Chinese Trade Data
European benchmarks surged on Friday following another volley of corporate earnings numbers and solid trade data from China for January European benchmarks were broadly higher on Friday as investors reacted to yet more corporate earnings numbers and some solid Chinese data that helped to boost commodity shares across the continent. The FTSE 100 rose by 0.40% to 7,258, while the mid-cap FTSE 250 index struck a new high of 18,723, before closing the session 0.47% higher at 18,715.
Disney CEO Iger Will Definitely Extend Term, NYT’s Stewart Claims
Disney CEO Bob Iger is rumored to be pushing off his retirement for a third time. That rumor was basically confirmed in the company’s conference call on Tuesday, the New York Times’ Jim Stewart said on CNBC’s “Squawk on the Street” on Friday morning.
Oil Is Still Whipsawing Investors and Triggers Abound for Another Collapse — How to Trade It
Year to date, the benchmark iShares US Energy Exchange-Traded Fund has declined 3.85%, and the iShares US Oil Equipment & Services ETF has fallen nearly 1%, compared with a gain of 3.16% for the S&P 500. For full-year 2016, the IYE gained 22.9%, and the IEZ 25.6%, compared with about 10% for the S&P 500.
Buy Keane Group Stock Ahead of IPO Quiet-Period Expiration
Investors should buy shares of Keane Group right now, before the company’s initial public offering quiet period ends on Feb. 14. When the quiet period expires, the stock is likely to rise as analysts at the firms that underwrite the IPO issue bullish research reports on the stock. They’re likely to be bullish because the company has strong fundamentals and management, and its IPO saw solid demand.
Fed Boosts Reserves by $375 Billion in Five Weeks
In the last five weeks the Fed has allowed reserve balances at Federal Reserve banks to rise to $2.2 trillion from $1.85 trillion, a $375 billion increase. Some might look at this and call it a “stealth” easing.
Sears Shares Explode More Than 50% Because Retailer Thinks It Can Stay Alive
With its stock hovering near an all-time low and credit default swaps pricing in the potential for a bankruptcy filing this year, Sears Holdings CEO Eddie Lampert decided to take action. To the extent Sears’ latest tactics are just smoke and mirrors designed to stop the bear raid on its stock, however, is the big question.
Analysts’ Actions — Ford, Intel, Twitter, Viacom and More
Cerner was downgraded to perform from outperform at Oppenheimer. Confidence is waning about potential sales and earnings upside, Oppenheimer said.
Intermediate Trade: QQQ
The Trade: buy 1 QQQ April $125 put and sell 1 QQQ April $120 put for a debit of 1.05 points per spread. For those of you who follow and take my trades, this trade will look familiar.
Spanish Banks Are Suddenly Doing Much Better
Among all the hand-wringing about Dutch, French and German elections this year, one good news story is going largely unnoticed: that of Spain. More specifically, the remarkable recovery of Spanish banks.
Kimberly-Clark Is Ready to Resume Its Long-Term Uptrend
In this 10-year weekly chart of KMB, below, you can see the major uptrend from the 2009 bottom. Like physics 101, a trend in motion tends to remain in motion.
Ken Starr
Ken Starr, known for his role in the Monica Lewinsky investigation during Bill Clinton’s presidency and, more recently, for leaving high-level positions at Baylor University amid the football program’s ongoing sexual-assault scandal, is reportedly close to joining President Trump’s administration. Starr is among a handful of candidates in the running to be named ambassador-at-large for international religious freedom at the State Department.
Bad-Tempered Brexit Talks Loom as May’s Demands Irk Europe
Brexit is antagonizing European Union governments, raising the risk that negotiations deteriorate into a bust-up even worse than first expected. initial demands –- and warnings over what she will do with taxes or security if she doesn’t get her way -– are elevating the likelihood that the U.K. leaves the bloc in 2019 without an exit deal, let alone the sweeping The decline in sentiment comes less than two months before May plans to open discussions by invoking Article 50 of the Lisbon Treaty and suggests she may need to modify Alexander Stubb told Bloomberg Television this week.
Spotify to Add Streaming Holdout Prince in Time for Grammys
Spotify Ltd. said it will include music from Prince’s Warner Bros. catalog on its streaming service starting Sunday, making widely available the work of an artist who jealously guarded his copyrights.
Samsung Galaxy TabPro S2 specifications, features leaked ahead of MWC 2017
As Samsung prepares for the upcoming MWC 2017 event in Barcelona, there have been a slew of rumors about the products that will be launched. Speaking about the expected devices, Samsung has been long rumored to launch the Galaxy TabPro S2 at MWC 2017 event on February 26. Successor to the Windows-10 powered Galaxy TabPro S which was launched at CES 2016, the Galaxy TabPro S2 has recently passed through the Federal Communications Commission in the US.
Glenview-based Mead Johnson, maker of baby formula, sold to British firm for $16.6 billion
British household products company Reckitt Benckiser is acquiring Glenview-based baby formula maker Mead Johnson for $16.6 billion in a move that will help the company grow in China. Reckitt Benckiser, which makes products ranging from condoms to Lysol, offered $90 for each Mead Johnson share, or about $16.6 billion.