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Asian shares firm, oil near two-month high after deeper output cut

Asian stocks held firm on Friday as U.S. President Donald Trump’s rhetoric kept investors’ hopes up on a trade deal with China, while oil sat near two-month highs after producers led by Saudi Arabia and Russia agreed on further output cuts. Japan’s Nikkei rose 0.28% and MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.19%. Trump said on Thursday that U.S.-China trade talks are “moving right along,” striking an upbeat tone despite a lack of agreement over whether existing tariffs should be dropped as part of a deal. …read more […]

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UPDATE 1-Two ex-Celadon executives charged with fraud at trucking company

Two former top executives at Celadon Group Inc have been charged with fraud and lying to auditors by concealing losses in the trucking company’s aging fleet as the market softened, the U.S. Department of Justice said on Thursday. The charges against former chief operating officer William Eric Meek and former chief financial officer Bobby Lee Peavler follow Celadon’s agreement in April to pay $42.2 million and enter a deferred prosecution agreement to settle related claims. Authorities charged Meek and Peavler with involvement in a 2016 scheme where a Celadon unit, Quality Companies, tried to rid itself of hundreds …read more […]

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Two ex-Celadon executives charged with fraud at trucking company

Two former top executives at Celadon Group Inc have been charged with fraud and lying to auditors by concealing losses in the trucking company’s aging fleet as the market softened, the U.S. Department of Justice said on Thursday. The charges against former chief operating officer William Eric Meek and former chief financial officer Bobby Lee Peavler follow Celadon’s agreement in April to pay $42.2 million and enter a deferred prosecution agreement to settle related claims. Authorities charged Meek and Peavler with involvement in a 2016 scheme where a Celadon unit, Quality Companies, tried to rid itself of hundreds …read more […]

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Ulta Beauty profit beats on demand for high-margin cosmetics; shares rise 11%

Ulta Beauty Inc beat quarterly profit estimates on Thursday, driven by sales of higher-margin cosmetics products, sending the retailer’s shares up over 11% in extended trading. The near 30-year-old company has capitalized on booming demand for celebrity-led beauty brands, which are usually priced at a premium, and has attributed cosmetics lines from Kylie Jenner and YouTuber James Charles for driving customers to its stores. In October, Ulta said it had secured exclusive rights to sell singer Jennifer Lopez’s new fragrance, PROMISE, in the United States. …read more […]

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Hedge Funds Have Never Been Less Bullish On Hewlett Packard Enterprise Company (HPE)

It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […] …read more […]

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Hedge Funds Taking A Breather From McCormick & Company, Incorporated (MKC)

How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […] …read more […]

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Hedge Funds Are Warming Up To HollyFrontier Corporation (HFC)

We at Insider Monkey have gone over 752 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds’ and investors’ portfolio positions as of September 30th. In this article, we look at what those funds think of HollyFrontier Corporation (NYSE:HFC) based on that data. […] …read more […]