Trading Ideas
Charlie Munger Buys More Costco
The billionaire investor has been adding to his holding of the warehouse retailer Continue reading… …read more […]
Year: 2019
Business News
McDonald’s employees in Chicago sue over workplace violence
McDonald’s Corp employees on Thursday sued the fast food giant and several of its franchisees in Chicago over a store redesign that staffers say has made it easier for angry customers to leap over the counter and attack them.
Business News
Wall Street edges lower after conflicting signals on trade
The three major U.S. indexes fell on Thursday after conflicting headlines on U.S-China trade relations and a row between the world’s top two economies over the Hong Kong protest led to uncertainty over the timing of a deal to end the dispute.
Trading Ideas
Charles Schwab to acquire TD Ameritrade for $26B: RPT
Charles Schwab and TD Ameritrade stocks are surging after CNBC and Fox Business reported that Charles Schwab could buy TD Ameritrade. The blockbuster deal would see further consolidation in the retail brokerage industry. Yahoo Finance’s Dan Roberts, Sibile Marcellus and Brian Cheung break it down on YFi AM. …read more […]
Business News
Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end
Fiat Chrysler (FCA) on Thursday brushed off a shock lawsuit from General Motors (GM) and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth largest carmaker.
Business News
Fiat Chrysler chairman sees Peugeot deal finalized by year-end
Fiat Chrysler Chairman John Elkann said on Thursday he was confident the group would finalize its tie-up with Peugeot owner PSA this year and dismissed concerns about a lawsuit launched by rival General Motors.
Trading Ideas
Catalyst seeks financing to top Hudson's Bay deal-sources
Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month to sell itself to a consortium led by the department store operator’s executive chairman, Richard Baker, according to people familiar with the matter. Baker’s consortium already owns 57% of Hudson’s Bay, and it has informed the company it would block a sale to another party. Catalyst has reached out to banks such as Wells Fargo & Co , as well as hedge funds, …read more […]
Business News
Exclusive: Exxon steps up assets sales with sweeping $25 billion plan – sources
Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said.
Business News
Saudi Aramco IPO’s institutional tranche oversubscribed: source
The institutional tranche of Saudi Aramco’s initial public offering (IPO) has been oversubscribed while the retail portion has received a little more than 10 billion riyals ($2.67 billion) in orders so far, a banking source told Reuters.
Business News
Xerox threatens to launch hostile bid for HP Inc
Xerox Corp on Thursday threatened to go hostile with its $33.5 billion buyout bid for HP Inc , if the personal computer maker did not agree to a “friendly” discussion before Nov. 25.
Trading Ideas
Charles Schwab in talks to buy TD Ameritrade: RPT
Reports say Charles Schwab is buying TD Ameritrade, joining two of the biggest discount brokers. If the groups combine, the new company would be managing about five trillion dollars in assets. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss on The First Trade. …read more […]
Newsmakers
NexTech (OTC: NEXCF) Signs First International AR Ecommerce Deal With Moccamaster
Company accelerates with sign up of new AR ecomm customers NEW YORK and TORONTO, Nov 21, 2019 — NexTech AR Solutions (NexTech) (otcqb:NEXCF) (NTAR)(N29), the leader in augmented reality for e-commerce and AR learning applications, […]
Trading Ideas
Selling a Truck to Detroit’s Loyal Owners May Be Tesla’s Toughest Challenge Yet
(Bloomberg) — A year before Elon Musk was ready to unveil Tesla’s first pickup model, the chief executive officer was setting a low bar for the amount of demand it will draw. Dig into the dynamics of the fiercely competitive and tough-to-crack U.S. truck market, and it’s easy to see why.Japanese automakers have spent two decades and billions of dollars trying to get in on the big pickup gravy train. But 20 years after Toyota first started making the Tundra, Detroit brands continue to crush the competition, controlling almost 92% of the half-ton truck segment, according to IHS Markit. Customers …read more […]
Trading Ideas
UPDATE 1-Xerox threatens to launch hostile bid for HP Inc
Xerox Corp on Thursday threatened to go hostile with its $33.5 billion buyout bid for HP Inc , if the personal computer maker did not agree to a “friendly” discussion before Nov. 25. HP on Sunday rejected Xerox’s offer of $22 per share, saying it undervalued the company and that it was open to exploring a bid for the U.S. printer maker. “Xerox will take its compelling case to create superior value for our respective shareholders directly to your shareholders,” the company said in a letter to HP’s board. …read more […]
Trading Ideas
Exclusive: Exxon steps up assets sales with sweeping $25 billion plan
Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad. The vast program follows growing pressure from investors on the U.S. giant to free up cash as it plans to expand its spending for new developments in Guyana, Mozambique, Papua New Guinea and the United States. Exxon, the world’s top listed energy company, has struck a number of deals in recent months including the …read more […]