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UPDATE 1-Expedia CEO, CFO resign after disagreement with board

Expedia Group Inc said on Wednesday its chief executive officer and finance head had resigned with immediate effect following a disagreement with the board on the online travel company’s business strategy. “Ultimately, senior management and the board disagreed on strategy,” Chairman Barry Diller said in a statement, adding that the company’s reorganization plan undertaken earlier this year had led to disappointing third-quarter results and a “lackluster” near-term outlook. Expedia had reported a lower-than-expected profit for the first time in seven quarters last month. …read more […]

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Hedge Funds Have Never Been This Bullish On Genworth Financial Inc (GNW)

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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Is Sinclair Broadcast Group, Inc. (SBGI) Going To Burn These Hedge Funds ?

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]

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Peloton Christmas ad tagged 'sexist' on social media

The advertisement, called “The Gift That Gives Back” shows a woman receiving a Peloton bike as a gift from her husband following which she records her workouts over a year and shares them with him. Peloton was not immediately available for a Reuters request for comment. The 30-second ad sparked a storm on Twitter, with several users pegging it as sexist. …read more […]