Trading Ideas
Why Under Armour Inc. Stock Fell 11.2% in July
The athletic apparel and footwear company turned lower in the days after its second-quarter report. Here’s why. …read more […]
Articles by Editor
Trading Ideas
APNewsBreak: Kobach’s lead in Kansas race falls to 91 votes
Kansas Secretary of State Kris Kobach’s lead over Gov. Jeff Colyer in the Republican primary has shrunk to only 91 votes after election officials discovered a mistake in the listing for one county’s results in the state’s tally of votes. The lead is minuscule when compared with the 311,000 votes cast. …read more […]
Business News
S&P 500, Dow end lower with energy, financials; Tesla falls
The S&P 500 and Dow ended down slightly on Thursday as gains in Apple and Amazon were offset by losses in energy and financial shares.
Business News
Tesla shares fall 5 percent on Wall Street skepticism, SEC probe reports
Tesla Inc’s shares slipped nearly 5 percent on Thursday, wiping out the gains fueled by Chief Executive Elon Musk’s announcement of a plan to take the company private, after reports of concern by regulators and on doubt the deal could be done.
Business News
Loeb’s Third Point calls for Campbell Soup sale
Billionaire investor Daniel Loeb’s hedge fund Third Point LLC disclosed on Thursday it has partnered with fellow Campbell Soup Co shareholder George Strawbridge to call for a sale of the iconic U.S. food company best known for its canned soups.
Trading Ideas
Western Digital Is Returning $5 Billion to Shareholders
The data-storage specialist calls this an “excellent capital allocation opportunity to enhance long-term shareholder value.” …read more […]
Business News
Dropbox signs up more paying users than expected
Online file storage firm Dropbox Inc signed up more paying subscribers in its second quarter as a public company than Wall Street was expecting.
Business News
S&P 500, Dow end lower with drag from energy stocks
The S&P 500 and Dow ended down slightly on Thursday as gains in Apple and Amazon were offset by losses in energy shares.
Business News
Goldman Sachs sued by ex-managing director who said he was whistleblower
Goldman Sachs Group Inc was sued on Thursday by a former managing director who said the Wall Street bank retaliated against him and fired him after he complained about its dealings with an unidentified, “notorious European businessman.”
Business News
Tech stocks extend recent gains, S&P 500 nears record high
The S&P 500 was up slightly on Thursday afternoon and again close to a record high on the back of gains in Apple, Amazon and Microsoft.
Business News
Tesla shares fall 5 percent on Wall St, skepticism, SEC probe reports
Tesla Inc’s shares slipped more than 5 percent to a two-day low on Thursday, wiping out all the gains fueled by Chief Executive Elon Musk’s recent tweet announcing a plan to take the company private.
Trading Ideas
‘Sue Me,’ Sinclair Tells Justice Official as Tribune Deal Tanks
The exchange was detailed in a lawsuit filed Thursday by Tribune, which said Sinclair had failed to win regulatory clearance in part because it had insulted U.S. officials and rejected their offers to clear the transaction. The acquisition of Tribune and its 42 television stations would have made Sinclair, already the owner of more U.S. TV stations than any other company, so large it would need to sell some outlets to meet regulatory requirements. In January, the Justice Department’s top antitrust official, Makan Delrahim, told the companies the department would approve the merger if Sinclair agreed to sell …read more […]
Business News
Glenview backs Cigna-Express Scripts deal after Icahn criticism
Hedge fund Glenview Capital Management on Thursday backed health insurer Cigna Corp’s deal to buy pharmacy benefit manager Express Scripts in the face of stiff opposition from activist investor Carl Icahn ahead of a shareholder vote.
Business News
Exclusive: Third Point prepares to call for Campbell Soup sale – sources
Daniel Loeb’s activist hedge fund Third Point LLC is in talks to partner with Campbell Soup Co shareholder George Strawbridge to call for a sale of the U.S. consumer company, people familiar with the matter said on Thursday.
Business News
Tesla shares slip below level before Musk’s going private tweet
Tesla Inc’s shares slipped more than 6 percent to a two-day low on Thursday, to trade below its level before Chief Executive Elon Musk took to Twitter on Tuesday to announce he was considering taking the electric car maker private.