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Visa, Mastercard draw FTC inquiry over debit card transactions: Bloomberg Law

November 13, 2019 admin Comments Off on Visa, Mastercard draw FTC inquiry over debit card transactions: Bloomberg Law

The Federal Trade Commission (FTC) is conducting a preliminary inquiry on Visa Inc and Mastercard Inc over policies that can prohibit merchants from routing card transactions through other debit networks, Bloomberg Law reported on Wednesday, citing sources familiar with the matter.

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Activist Short Seller Is Targeting Cintas Corporation (CTAS)

November 13, 2019 admin Comments Off on Activist Short Seller Is Targeting Cintas Corporation (CTAS)

Activist short seller Ben Axler sent us an email this morning with the details of his short case against Cintas Corporation (NASDAQ:CTAS). We haven’t verified the accuracy of his statement and Cintas Corporation hasn’t responded Axler’s claims. Here is what Axler said in the email: “Spruce Point is pleased to issue a unique investment research […] …read more […]

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Brexit drove Tesla to pick Berlin over Britain for new factory: report

November 13, 2019 admin Comments Off on Brexit drove Tesla to pick Berlin over Britain for new factory: report

Britain missed its chance to host the first European factory of U.S. electric vehicle pioneer Tesla because of Brexit, Chief Executive Elon Musk said in remarks reported on Wednesday. The company had earlier said it chose a location near Berlin for a new design centre and plant to make batteries, powertrains and vehicles, offering a major boost to the German capital. Berlin’s minister in charge of economic affairs, Ramona Pop, said the move could create 6,000 to 7,000 jobs in production alone, with hundreds or even thousands more in areas such as design, software or research. …read more […]

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Canada Goose Falls Most Since May on Hong Kong, Outlook

November 13, 2019 admin Comments Off on Canada Goose Falls Most Since May on Hong Kong, Outlook

(Bloomberg) — Canada Goose Holdings Inc. fell on Wednesday after saying that unrest in Hong Kong hurt its business there and that wholesale revenue will decline this quarter. Earlier, the stock had risen, bolstered by sales in Asia.Chief Executive Officer Dani Reiss said performance in Hong Kong, where Canada Goose recently opened a second store, was significantly impacted by protests. The parka maker reported global revenue increased 28% to C$294 million ($221 million) in the fiscal second quarter, outpacing projections. The company didn’t raise its guidance for the full year and reported that inventory expanded. For more details, see here.Key …read more […]