Year: 2019

Blackstone Group Inc said on Thursday it has been unable to obtain an agreement from Japanese hotel operator Unizo Holdings Co Ltd for its $1.6 billion takeover bid proposal. Blackstone last month offered to buy the company at 5,000 yen a share, which valued the hotel chain at 171 billion yen ($1.6 billion). It also warned the company that it would take any measures if Unizo fails to respond to Blackstone’s offer by a deadline that it keeps extending. …read more […]

Ken Griffin built his impressive reputation as an investor early in life, founding Citadel Advisors when he was just 22, with $4.6 million in seed money. By 2003, when became the youngest self-made millionaire on the Forbes 400 list, his hedge fund controlled well over $1 billion in investment capital. Today, Griffin’s Chicago-based fund holds $212 billion in equity assets under management.In the third-quarter, Citadel made 9-digit purchases in three particularly interesting stocks. All three are rated Strong Buys in the TipRanks database, and all three show unique combinations of strengths and weaknesses. We’ve pulled up the data on each, …read more […]

Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock… …read more […]

Kalanick has been busy selling shares since the initial public offering lockup expired on Nov. 6. …read more […]

These companies are cheap according to Peter Lynch Continue reading… …read more […]

Sometimes the art of sailing can give an investor a great lesson in trying to reach your investment goals. Continue reading… …read more […]

(Bloomberg) — Oil sank as production hit a record high and refinery demand slipped, pushing stockpiles higher across the nation.Futures fell as much as 0.8% in New York after Energy Information Administration reported that U.S. commercial crude inventories rose 1.57 million barrels last week and output hit 12.9 million barrels a day. That countered optimism that a U.S.-China trade deal was drawing closer, which may support stronger economic growth and fuel demand.U.S. President Donald Trump told reporters at the White House that the U.S. and China were “in the final throes of a very important deal,” though he told Fox …read more […]

Massachusetts on Wednesday adopted the country’s toughest ban on the sale of flavored tobacco and vaping products, including menthol cigarettes, in response to a rise in youth vaping and an outbreak of vaping-related serious lung injuries. Governor Charlie Baker, a Republican, signed into law legislation passed by the state’s Democrat-controlled legislature earlier this month that also places a 75% excise tax on e-cigarettes. Several other states have recently adopted emergency bans on the sale of flavored vaping products amid a nationwide outbreak of lung injuries among e-cigarette users and concerns about the growing popularity of the products among …read more […]