Trading Ideas
Need To Know: Apache Corporation (NYSE:APA) Insiders Have Been Buying Shares
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The… …read more […]
Year: 2020
Business News
Gucci owner Kering halts spending in China on virus fears
Gucci-owner Kering has closed half of its stores in China and shelved new openings and advertising campaigns there as the coronavirus epidemic throws luxury brands into turmoil.
Business News
Investors charge back into stocks on signs coronavirus spread is slowing
A drop in the number of new coronavirus cases and the Federal Reserve chairman’s optimistic view of the economy lifted world stocks for a third day on Wednesday and sparked a 2% rally in oil prices, on hopes the epidemic’s effects would be contained.
Trading Ideas
If You Had Bought SunPower (NASDAQ:SPWR) Stock A Year Ago, You Could Pocket A 66% Gain Today
These days it’s easy to simply buy an index fund, and your returns should (roughly) match the market. But one can do… …read more […]
Trading Ideas
Business News
U.S. stores, online sales boost Ahold’s quarterly profit
Food retailer Ahold Delhaize met forecasts with a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery chains and strong online sales.
Trading Ideas
SoftBank Founder Opens Door to Working With Elliott on Changes
(Bloomberg) — SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the Japanese company reported a second quarter of losses from its startup investing.Son called Singer’s Elliott Management Corp. an “important partner” and said he is in broad agreement with the investor about SoftBank buybacks and share value. Son said he is on the side of shareholders, especially since he is the largest stockholder at the company. The two billionaires held discussions a couple weeks ago, he said.Son is adopting a more conciliatory stance just …read more […]
Trading Ideas
SoftBank Founder Opens Door to Working With Elliott on Changes
(Bloomberg) — SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the Japanese company reported a second quarter of losses from its startup investing.Son called Singer’s Elliott Management Corp. an “important partner” and said he is in broad agreement with the investor about SoftBank buybacks and share value. Son said he is on the side of shareholders, especially since he is the largest stockholder at the company. The two billionaires held discussions a couple weeks ago, he said.Son is adopting a more conciliatory stance just …read more […]
Business News
Heineken sees more profit growth in final year for long-serving CEO
Heineken , the world’s second largest brewer, forecast lower barley and aluminum costs would help to boost profits this year, when its long-serving chief executive will step down.
Business News
Nissan may report first quarterly loss since March 2009: sources
Nissan Motor Co may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn’s ouster.
Business News
Exclusive: Thyssenkrupp/Kone deal will trigger litigation war – Schindler
Switzerland’s Schindler will embark on an all-out legal antitrust offensive if Thyssenkrupp selects Finland’s Kone as the buyer of its elevator division, board member Alfred Schindler told Reuters.
Business News
JPMorgan appoints new heads of Australia and NZ investment banking
JPMorgan Chase & Co appointed Jabe Jerram and Simon Ranson as co-heads of investment banking (IB) for Australia and New Zealand, according to an internal memo seen by Reuters and confirmed by a spokesman in Sydney.
Business News
Sainsbury’s Bank chairman Davis to step down
British supermarket group Sainsbury’s said on Wednesday that Roger Davis, chairman of its poorly performing banking division, will step down.
Trading Ideas
Deutsche Bank Sells Dollar AT1 in Credit-Market Breakthrough
(Bloomberg) — Deutsche Bank AG sold its first Additional Tier 1 bond since 2014 after drawing a flood of orders, as signs of progress in a turnaround bolster the appeal of the high-coupon notes.The German lender priced the $1.25 billion perpetual note at 6%, versus an initial price target of about 6.75%, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. The bonds, callable in October 2025, have an expected B1 rating at Moody’s Investors Service, or four steps below investment grade.The bank received as much as …read more […]
Business News
Oil jumps as fall in new China coronavirus cases eases fuel demand concerns
Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover from the epidemic.