Business News
Barnes & Noble shares could have more upside: Barron’s
Shares of Barnes & Noble Inc could still have more upside after a jump in the stock this week on news the bookseller is exploring strategic options, according to Barron’s.
Articles by admin
Business News
Telecom Italia CEO says board situation problematic, committed to job: paper
Telecom Italia (TIM) CEO Amos Genish said tensions between the company’s management, its board and shareholders were counterproductive, but said he was committed to staying, according to an excerpt of an interview with La Repubblica.
Business News
Italy keen to keep 15 percent stake in Alitalia in rescue plan: paper
Italy is working on an Alitalia rescue plan that would see the state taking a stake of around 15 percent in the carrier along with separate investments by state-owned firms such as Ferrovie dello Stato and a foreign player, Il Sole 24 Ore said on Sunday.
CEO Interview
Constellation Brands Inc. (NYSE: STZ) CEO Robert Sands talks Cannabis strategy
Constellation Brands Inc. (NYSE: STZ) CEO Robert Sands, discusses continued market penetration of the company’s Mexican beer brands, Pacifico, Victoria in US, and global cannabis strategy, including potential of CBD beverages, and Canopy Growth (NYSE: […]
Business News
UK seeks additional reassurances from Comcast on independence of Sky News
Britain has sought additional reassurances from cable company Comcast over the editorial independence of the Sky News television channel following the U.S. group’s takeover of broadcaster Sky .
Business News
Vivendi reaffirms support for TIM CEO, decries ‘rumor campaign’
Top shareholder Vivendi reaffirmed its support for Telecom Italia’s (TIM) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him.
Business News
Italy works on extending Alitalia loan deadline: source
Italy is working on an extension of as much as six months to a Dec. 15 deadline for Alitalia to repay a 900 million euro ($1 billion) loan meant to keep the airline afloat while it searches for a buyer, a government source said on Saturday.
Trading Ideas
The Formula That Made Buffett a Billionaire
When 24-year-old Warren Buffett received a phone call offering him a job in New York City, he accepted without asking about the salary.
It was arguably the smartest – and most profitable – decision he ever made.
That’s because Buffett knew the man who had just employed him – a man he studied under at Columbia University – held the proverbial keys to the kingdom.
His name was Benjamin Graham.
Years earlier, Buffett had offered to work for Graham for free. But Buffett was kindly turned down.
Years later, he finally got his wish (and with pay).
Even so, Buffett’s life was about to change in …read more […]
Business News
Banks back Democrats in bid to rebuild bipartisan support
Banks are going to bat for Democrats in the U.S. November midterm congressional elections as part of an ambitious strategy to rebuild the bipartisan support they enjoyed before the 2007-2009 financial crisis.
Business News
Danske shares slide as U.S. criminal inquiry spooks investors
Danske Bank’s deepening money laundering scandal dragged its shares to a four-year low on Friday as Denmark’s biggest bank sought to calm investors over the impact of a U.S. criminal investigation into its Estonian branch.
Business News
Exclusive: U.S. Commerce’s Ross eyes anti-China ‘poison pill’ for new trade deals
U.S. Commerce Secretary Wilbur Ross signaled on Friday that Washington may flex its muscle with additional trading partners in order to exert pressure on China to open its markets, saying that a “poison pill” provision in the recently completed pact with Canada and Mexico could be replicated.
Consumer
UFC IPO? Dana White says “Maybe”
UFC’s Dana White talks upcoming Conor McGregor fight, and teases possibility of a UFC IPO, and possible entry into the boxing market, as extension of UFC’s “Combat Sports” franchise.
Business News
Under fire from Musk, top fund firms defend securities lending
Accused by Tesla Inc Chief Executive Elon Musk of making “excessive profit” by lending shares to short-sellers, top index fund companies shot back on Friday that they are only looking out for their investors.
Business News
Stocks fall globally after U.S. jobs data, Treasury yields rise again
Major world stock markets sank for a second straight day on Friday after strong U.S. jobs numbers signaled a continued tightening of the labor market and increased inflation pressures, while Treasury yields rose again to multi-year highs.
Business News
Wall Street falls as solid jobs report boosts bond yields
U.S. stocks dropped for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data.