Articles by admin

The cruise operator, which sails AIDA, Costa and Princess cruises among others, has paused voyages since March due to the COVID-19 pandemic, bringing its business to a standstill. Total customer deposit balance as of Aug. 31 was $2.4 billion, the majority of which were credits given by Carnival for canceled trips, compared to $2.9 billion last year. Carnival’s third-quarter net loss came in at $2.86 billion, compared to a profit of $1.78 billion a year earlier. …read more […]

In a new interview, left-leaning author Kurt Andersen called Facebook a “different beast” than other tech giants, arguing that its problems extend beyond market control, since CEO Mark Zuckerberg has failed to take any worthwhile steps to reduce the societal damage caused by its immense platform. …read more […]

(Bloomberg) — International Business Machines Corp. plans to spin off its managed infrastructure services unit into a public company, doubling down on its shift to become a major cloud services provider.The new unit, now part of its global technology services division, serves 4,600 clients and has an order backlog of $60 billion, according to a statement Thursday. The company said it aims to complete the transaction as a tax-free spinoff to IBM shareholders by the end of 2021.The spin-off is the fourth major transformation for IBM in its 109-year history and is the first big move by Chief Executive Officer …read more […]

Hewlett Packard Enterprise Company (NYSE:HPE) saw significant share price movement during recent months on the NYSE… …read more […]

(Bloomberg) — Morgan Stanley agreed to purchase Eaton Vance Corp. for about $7 billion in Chief Executive Officer James Gorman’s second major acquisition this year, both of which tilt the investment bank further toward the steadier business of money management.Eaton Vance shareholders will receive a total cash-and-stock consideration of about $56.50 a share, Morgan Stanley said in a statement Thursday. That represents a 38% premium over Eaton Vance’s closing price Wednesday.Gorman has become the most prolific dealmaker on Wall Street in the past three years, using acquisitions to transform his bank. Just days after completing the purchase of E-Trade Financial …read more […]

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously… …read more […]

Cryoport, Inc. (NASDAQ:CYRX), might not be a large cap stock, but it saw a significant share price rise of over 20% in… …read more […]

WATERLOO, ON, Oct. 8, 2020 /CNW/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced it has partnered with ServiceNow to integrate the BlackBerry® AtHoc® service within the Now platform for rapid crisis communications and IT service management. …read more […]

Agreement provides option for European Union Member States to secure up to 200 million additional doses for a total of up to 400 million dosesNEW BRUNSWICK, N., Oct. …read more […]

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The resumption of sports leagues such as the National Basketball Association and the National Hockey League has also boosted demand for pies and chicken wings. Domino’s has been focusing on tech innovations and has also broadened its menu with additions such as chicken tacos and cheeseburger pizzas in order to keep its customers from switching to rivals McDonald’s , Papa John’s and Pizza Hut , among others. …read more […]

IBM shares were up more than 4% in premarket trading. The separation of the new company is expected to be achieved as a tax-free spin-off to IBM shareholders and completed by the end of 2021, IBM said. …read more […]

The lunacy continues… and it’s your money that’s at risk.
We streamed Jay Powell’s big speech live on Tuesday. We need more stimulus, he said.
In fact, keep it flowing.
Like all good drug dealers tell their addicts, too much is better than too little.
Stocks rose.
Four hours later, they plunged.
Trump walked away. The stimulus can wait, he said. But he’ll need to be reelected to make it happen.
There you have it… money in America. There’s not a natural force in sight.
But we saw this coming.
Not actually us… but our neighbors, nearly 200 years ago.
[mw-adbox]
The Manward Time Machine
When you shun the horrors of TV, …read more […]

Millions of U.S. workers have lost their jobs to the pandemic, but in the auto industry, suppliers are scrambling to find enough people to staff production lines, resorting to such approaches as rewards for good attendance and at-work teachers to lure job seekers. At auto parts maker Mobex Global, Chief Executive Joe Perkins said he is boosting pay and offering bonuses to help fill 80 job openings. “It is the most critical issue in our company,” said Perkins, whose firm has 12 U.S. plants and counts General Motors Co and Ford Motor Co among its customers. …read more […]

Top news and what to watch in the markets on Thursday, October 8, 2020. …read more […]