Trading Ideas
Is The Home Depot, Inc. a Buy?
The company has shown strong sales growth. …read more […]
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Business News
CBS probes misconduct allegations against CEO Moonves amid legal battle
U.S. broadcasting and media company CBS Corp said it was investigating claims of personal misconduct by its chief executive Leslie Moonves made in a New Yorker magazine article that was published on Friday.
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CBS probes misconduct allegations against CEO Moonves amid legal battle
The allegations against Moonves surfaced as he is locked in a legal battle over control of CBS with the company’s largest shareholder, National Amusements Inc, owned by Shari Redstone and her father Sumner who also control media company Viacom (VIAB.O). The New Yorker report featured claims against Moonves from six women spanning different time periods over two decades, from 1985 to 2006. …read more […]
Business News
Advisory firm ISS recommends against Rite Aid sale to Albertsons
Institutional Shareholder Services Inc (ISS), a shareholder advisory firm whose recommendations are followed by major mutual funds, said on Friday that Rite Aid Corp investors should vote down its $24 billion merger with Albertsons Cos.
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Advisory firm ISS recommends against Rite Aid sale to Albertsons
The ISS report is a blow to grocery chain Albertsons and its majority owner, private equity firm Cerberus Capital Management LP, which are hoping that acquiring Rite Aid, a drug retailer, will help win new business amid pressure from retail giants Amazon.com Inc and Walmart Inc . “It does not appear that Rite Aid shareholders would receive a fair ownership interest in the combined company, a concern heightened by potential conflicts of interest during the negotiation process and apparently reflected in the company’s underperformance since announcement,” the ISS report said. …read more […]
Business News
Higher U.S. soy imports won’t harm EU farmers: German minister
An agreement by the European Union to increase soy imports from the United States will not harm EU farmers, German Agriculture Minister Julia Kloeckner said in an interview published on Saturday.
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How China's tariffs on soybeans fueled the US GDP bump
China’s retaliatory tariffs on soybeans, which was designed to hurt Trump’s voter base, has helped to boost the U.S.’s second-quarter GDP. …read more […]
Business News
California farmers and Mexican cheese sales, U.S. trade war takes a toll
Stephen Mancebo, a fourth-generation California dairy farmer with 2,300 cows, has battled ups and downs in his temperamental industry for a quarter-century only to find himself a casualty of a U.S trade war with one of his biggest customers – Mexico.
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Disney Investors Worry Beijing Could Be Tricky Fox Deal Hurdle
Now that 21st Century Fox Inc. shareholders have signed off on the $71.3 billion sale of its entertainment assets to Walt Disney Co., some investors are already fretting about the next hurdle: regulatory … …read more […]
Trading Ideas
Here's Why Pacific Biosciences Tumbled 10% Today
Investors are taking a cautious stance ahead of earnings next week and an ongoing trade spat with China. …read more […]
Trading Ideas
Americans Think This Is the Ideal Age to Start Saving for Retirement
And here’s why they’re right. …read more […]
Business News
Facebook is sued after stock plunge ‘shocked’ market
Facebook Inc and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth.
Trading Ideas
Why Intel, First Solar, and LogMeIn Slumped Today
See why these three stocks fell harder than the overall market. …read more […]
Business News
Facebook is sued after stock plunge
A shareholder of Facebook Inc on Friday filed the first of what could be many lawsuits against the social media company and Chief Executive Mark Zuckerberg following a 19 percent one-day plunge in Facebook’s share price.
Business News
BlackRock’s Rieder halved fund’s emerging market exposure
Top BlackRock Inc bond investor Rick Rieder halved exposure in recent months to a once-major bet in his portfolios on emerging markets on concerns including that the dollar could move higher, he told Reuters on Friday.