A thick fog surrounds container ships at the Port of Oakland in California on Oct. 23, 2013. On Thursday, President Trump said he would help restore an agency that subsidizes U.S. exporters.
Month: February 2017
Wall Street Journal a bright spot as News Corp reports loss
Rupert Murdoch’s News Corp has reported a loss for the three months to December, amid a difficult environment for print advertising. The group made a loss of $219m compared with the same time last year when profits were $106m.
This startup is six months into an employment experiment – …
This startup is six months into an employment experiment – no perks, lower pay, and you’re free after two years “If we were to renew the employment deal today, what would it look like?” asks Jolt CEO and cofounder Roei Deutsch. Jolt is a fast-growing San Francisco-based startup that connects Silicon Valley pros with companies around the world for videoconferenced lectures.
‘See You in Court’: Defiant Trump rails against appeals court…
“It’s a political decision and we’re going to see them in court … the security of our country is at stake,” he said to NBC News . Hillary Clinton, Trump’s former Democratic rival, offered a short note, tweeting “3-0,” referring to the 9th Circuit judges’ unanimous ruling: “We hold that the Government has not shown a likelihood of success on the merits of its appeal, nor has it shown that failure to enter a stay would cause irreparable injury, and we therefore deny its emergency motion for a stay.”
Why Twilio Inc’s Q4 Beat Isn’t Lifting its Stock Price
Its revenue rose 60% annually to $82 million, beating estimates by nearly $8 million, and its non-GAAP earnings broke even, compared to a net loss of $0.07 per share in the prior year quarter. On a GAAP basis, its net loss narrowed from $0.48 to $0.15 per share.
Reinventing Retail: What if GoPro, Garmin, and Fitbit Rethought Everything?
One of the realities of business today is that retail in 2017 little resembles retail of a decade ago. Product companies used to succeed or fail based on their distribution power and the shelf space retailers gave them, and retailers succeeded or failed by having the right product at the best price for consumers.
Organovo Holdings’ Unpleasant Q3 Surprise: Still Plenty of Skepticism About 3D Tissues
The good news was that Organovo continue to grow sales by leaps and bounds in the quarter. Also, the consensus estimate among analysts was that the company would lose $0.10 per share.
NVIDIA Corp. Exceeds Fourth-Quarter Guidance Targets
This was another broad-based success story, with double-digit sales growth in six out of eight reportable business segments and platforms. Sales and gross margins came in above the midpoint of official guidance given three months ago, while operating costs and tax rates fell below management’s targets.
NuVasive Builds Momentum Going Into 2017
Over time, the company has found medical professionals increasingly willing to adopt its solutions to integrate minimally disruptive procedures into their surgical practices. Coming into Thursday’s fourth-quarter financial report, NuVasive investors were fully expecting that the company would be able to sustain its revenue and profit growth and bounce back from slight weakness last quarter.
Markel Ends 2016 on a High Note
Perhaps unsurprisingly, shares closed up a solid 3.5% on Thursday. Let’s take a closer look at what drove Markel’s business as it capped the year, and what investors can expect looking forward.
Grubhub Inc: 3 Reasons to Buy, 3 Reasons to Sell
Unfortunately, GrubHub’s non-GAAP net income rose just 19% annually to $16.7 million, or $0.23 per share, missing Wall Street estimates by two cents. Its GAAP-adjusted net income rose 21% annually to $13.6 million, or $0.16 per share.
The History of the Credit Card
When New York businessman Frank McNamara started Diners Club in 1950, he had big dreams for his new company and the credit card it would issue. “‘Someday,’ he predicted, ‘restaurants all over New York will honor this card,'” former Diners Club executive Matty Simmons recalled McNamara telling him early on.
Dunkin’ Brands and Viacom jump while Twitter dives
A federal judge rejected Aetna’s bid to buy its rival health insurer because of potentially reduced competition and higher costs. The beauty products retailer’s sales fell short of Wall Street forecasts as a business it bought from Procter & Gamble struggled.
Tesla Employee Says Workers Contacted UAW About Organizing
Tesla Inc. workers at its only auto plant have contacted the United Auto Workers seeking assistance with forming a union, according to a Medium post published Thursday by a man claiming to be a factory employee. “I think our management team would agree that our plant doesn’t function as well as it could, but until now they’ve underestimated the value of listening to employees,” wrote Jose Moran, who identifies himself as a worker for the past four years at the plant in Fremont, California.
Snap’s IPO Investors Will Have No Say on Executive Pay
Investors buying into Snap Inc.’s much-anticipated initial public offering won’t have any say on how much the company pays its executives. Snap will not be subject to the say-on-pay provisions of the Dodd-Frank Act, the company said in an updated deal prospectus Thursday.
Hastings, Grand Island, Kearney Area News
As per Federal Communications Commission Regulations following is certified: Platte River Radio Inc. does not discriminate in the sale of commercial time, and will not accept advertising which, in its sole opinion, is purchased with intent to discriminate unlawfully on the basis of race, gender, or ethnicity. The advertiser hereby certifies that its purchase of commercial time is not made for an unlawful discriminatory purpose, including specifically that it is not based upon a decision to place advertising on a station on the basis of race, gender, or ethnicity.
Trump’s new FCC boss has already set the stage for a less open…
Last week, the FCC’s Wireless Telecommunications Bureau closed multiple inquiries led by former Chairman Tom Wheeler into the data-cap exemption – colloquially known as “zero-rating” – policies of various internet service providers, including AT&T , Verizon , T-Mobile , and Comcast . Previously, Wheeler, who stepped down once Trump took office, oversaw a monthslong back-and-forth between the FCC and those ISPs.
Why You Should (and Shouldn’t) Buy NVIDIA
At this point, it’s natural for investors to wonder if it’s too late to buy a few shares — this run could just bethe start of NVIDIA’s path to world domination, or it could be the very top of a bubble-like valuation. While the truth probably lies somewhere in the middle, there are certain types of investors who should, and shouldn’t, invest in NVIDIA no matter what the reality is.
Why Shares of Banc of California are Surging Today
The company announced it concluded its internal investigation and found “no violation of law and that Jason Galanis had no indirect or direct control or undue influence over the Company.” In October 2016, a short report asked tough questions about Banc of California’s then-CEO Steven Sugarman and his possible ties to Galanis, a serial fraudster.
Why Scorpio Tankers Inc. Stock Sank 16% in January
So what went wrong? In four short words: the “Baltic Dirty Tanker Index” . This index, which tracks average industry rates for chartering “dirty” tankers transporting crude oil , has declined 22% since the new year began, falling from 1,088 points to a recent low of 846 points.
Why Diana Shipping Inc. Stock Moved Up 37% in January
As the calendar moves into February, however, Diana’s shares are moving into reverse — down more than 2% since the month began. Why this is happening is not immediately clear, although there was a lot happening elsewhere in the shipping sector last month — everything from a buyout offer for tanker company DHT Holdings .
Why DHT Holdings, Inc. Stock Advanced 13% in January
Since February began, DHT’s stock has roughly maintained its gain. DHT operates a fleet of 20 crude-oil tankers out of its headquarters in Bermuda.The prices it can charge for chartering these vessels are broadly defined by the trend line on the Baltic Dirty Tanker Index ,which tracks average industry rates for chartering “dirty” tankers transporting crude oil .And because revenue and profit tend to flow from those charter rates, the price of oil-shipping stocks can usually be expected to track the trend on the BDTI.
Why bluebird bio Stock Surged 20.7% Higher in January
After updating investors on its wide-ranging gene therapy research program at a key industry conference early in the month,shares of bluebird bio At the J.P. Morgan Healthcare Conference in early January, Bluebird Bio’s management outlined how it hopes to transform treating rare disease, including cerebral ALD , transfusion dependent beta thalassemia , and sickle cell disease. The company provided an outlook for 2022 that includes a goal of having two gene therapies on the market, two other therapies near commercialization, and four or more research programs in clinical studies.
Twitter, Inc.’s Revenue Growth Nearly Grinds to a Halt
But there were a few bright spots in the company’s earnings release as well. Here’s an overview of Twitter’s fourth-quarter performance.
Time to Get Greedy With Dave & Buster’s Stock
While the restaurant and amusement chain doesn’t have the profile of a flashy tech stock, it has been one of the best performers out there, climbing steadily over two years.Looking at the price chart below, you may think you missed out on a chance to cash in with the company, but this bull thesis is just heating up. Let’s take a look at a few reasons why.
Stocks Hit Record Highs After Trump Says Tax Plan Coming Soon
U.S. stocks climbed on Thursday – with all three major averages touching fresh records immediately after President Donald Trump said a “phenomenal” announcement on tax reform would come in a matter of weeks. The Dow Jones Industrial average capped the session off session highs, but still at a record level.
Ohio drillers say 6 shale counties saw $43M tax bump
Oil-and-gas drillers in Ohio have paid $43 million in property taxes to local governments and schools in six shale counties since 2011, according to a report released Thursday. The finding by the Ohio Oil and Gas Association and Energy In Depth Ohio, a natural-gas research and education group, comes as Republican Gov. John Kasich has renewed calls for a severance-tax increase on the industry.
Eagle Materials Stock Grew 60% in 2016, but It Still Looks Cheap
At the time, the company set record revenues and more than doubled earnings per share from the prior-year period. That was followed by a new high watermark for quarterly sales in the fiscal third quarter of 2017, which ended in December, marking the third consecutive quarter in which record revenue was established.
A Close Look at Helmerich & Payne, Inc.’s Dividend Potential
The problem for investors, though, is that a dividend decision a few years ago obscures the income story here. This is one stock where the trend isn’t what it seems, and a little more analysis is needed to understand Helmerich & Payne’s true dividend potential.
Cliffs Natural Resources Inc.’s Stock Surges After Crushing Estimates
Cliffs Natural Resources reported revenue of $754 million during the fourth quarter, up 58% from the year-ago quarter thanks to higher volumes and pricing, which was $78.8 million ahead of analysts’ expectations. Earnings from continuing operations, likewise, surged to $81 million, or $0.42 per share, putting last year’s net loss of $58 million in the rearview mirror.
Better Buy: TerraForm Global Inc vs. 8point3 Energy Partners LP
8point3 Energy Partners was supposed to be a way for First Solar and SunPower to fund solar projects in the U.S. and TerraForm Global was central to SunEdison’s growth plans abroad. But since their launch, both yieldcos have been a disappointment for investors.
Nordstrom Shares Rally for Second Day as Trump Aide Makes Potential Ethics Misstep
Nordstrom shares continue to rally on Thursday as one of Trump’s top aides raises eyebrows by urging Americans to buy the Ivanka Trump line Nordstrom just dropped. Nordstrom shares rallied on Thursday for a second day as one of his top aides may have violated ethics laws by urging Americans to buy the Ivanka Trump line it just dropped.
European Benchmarks Rise on Solid Day for Corporate Earnings
European benchmarks rose broadly on Thursday as investors responded to another round of solid corporate earnings figures and a series of individual company announcements. The FTSE 100 in London gained 0.57% to 7,229.
Cigna Mulling Whether to Join Anthem in Appeal After Court Blocks Merger
Anthem is set to appeal Wednesday’s court ruling blocking the $54 billion merger of health insurance giants. But Cigna is not sure whether to go along.
Dow, Nasdaq, S&P 500 Hit Intraday Records as Oil Climbs; Coke Tumbles
The three major U.S. stock indexes posted intraday record highs as oil prices rallied. Coca-Cola was the biggest loser on the Dow Jones Industrial Average , tumbling even though the beverage giant posted earnings and sales that topped estimates.
What Whole Foods and Kellogg Are Doing Right: More Squawk From Jim Cramer
Whole Foods had a ‘disappointing’ quarter, yet it’s taking the right action to correct the problem, TheStreet’s Jim Cramer says. Shares of Whole Foods were up higher in late morning trading Thursday, despite reporting a miss on the top and bottom line for the 2017 first quarter after Wednesday’s closing bell.
CVS Falls Despite Positive Fourth-Quarter Earnings
CVS Health shares were falling Thursday despite the company beating the analyst consensus estimate on fourth-quarter earnings. However, CVS missed on revenue.
Take-Two Shifts Focus From Console Gaming With NBA 2K eLeague
Take-Two Interactive Software is expanding its partnership with the National Basketball Assn. to create a professional basketball eSports league, the latest indication that the video game developer is shifting its focus away from console gaming.
Buffalo Wild Wings, 6 More Stocks Making Big Moves With Unusual Volume
Professional traders running mutual funds and hedge funds don’t just look at a stock’s price moves, they track big changes in volume activity . Often when above-average volume moves into an equity, it precedes a large spike in volatility.
These 2 Companies Help Restaurants Cut Costs as Labor Costs Rise
There is a crisis unfolding in the restaurant industry, but those who know how to play it right could profit . It used to be that working behind the counter of a fast-food joint or waiting tables at a local restaurant was a job for kids seeking pocket change or working to meet school costs.