Trading Ideas

BlackRock Inc, the world’s largest asset manager has appointed Manish Mehta as global head of human resources effective immediately, according to a memo seen by Reuters on Monday. Mehta, previously the head of ETFs and Index Investments (EII) at BlackRock, replaces Rob Fairbairn who took over the role of head of human resources on an interim basis in July after the abrupt departure of then HR head Jeff Smith. …read more […]

Anyone researching Aclaris Therapeutics, Inc. (NASDAQ:ACRS) might want to consider the historical volatility of the… …read more […]

(Bloomberg) — Three researchers from the U.S. and Britain won a Nobel Prize for showing how cells sense and adapt to changing oxygen levels, a line of research that’s already led to the development of new drugs.Americans William Kaelin of the Dana-Farber Cancer Institute in Boston, Gregg Semenza of Baltimore’s Johns Hopkins Medicine, and Peter Ratcliffe of the Francis Crick Institute in London received this year’s award for physiology or medicine, the Nobel Assembly at the Karolinska Institute said Monday in a statement.“The seminal discoveries by this year’s Nobel laureates revealed the mechanism for one of life’s most essential adaptive …read more […]

General Electric Co said on Monday it was freezing the pension plan for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate looks to cut its huge debt pile. The company will also freeze supplementary pension benefits for about 700 U.S. employees, and these actions are expected to reduce net debt between $4 billion and $6 billion, GE said. GE and its finance arm had total borrowings of about $105.8 billion as of June 30, with industrial net debt at $54.4 billion. …read more […]

(Bloomberg) — General Electric Co. said it would freeze pension plan benefits for about 20,000 U.S. employees as it takes steps to slash its pension deficit and improve its financial position.The industrial giant aims to cut its pension shortfall by $5 billion to $8 billion, it said in a statement Monday. GE shares rose about 2 percent in pre-market trading in the U.S. The company had 97,000 U.S. employees at the end of 2018, or about a third of its worldwide workforce.In other measures, the company will pre-fund $4 billion to $5 billion of its estimated requirements for 2021 and …read more […]

The company will also freeze supplementary pension benefits for about 700 U.S. employees, and these actions are expected to reduce net debt between $4 billion and $6 billion, GE said. GE and its finance arm had total borrowings of about $105.8 billion as of June 30, with industrial net debt at $54.4 billion. The company has announced net debt reduction actions of between $9 billion and $11 billion, including tender offers to purchase up to $5 billion of its existing debt, in the past one month. …read more […]

Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be… …read more […]

The big shareholder groups in Alio Gold Inc. (TSE:ALO) have power over the company. Generally speaking, as a company… …read more […]

Harley-Davidson Inc is betting on electric motorcycles to attract the next generation of younger and more environmentally conscious riders to reverse declining U.S. sales. The bike costs nearly as much as a Tesla Model 3, and aims for a market that does not really exist: young, “green” and affluent first-time motorcyclists. The sleek sport bike has been available for preorder in the United States since January. …read more […]

Top news and what to watch in the markets on Monday, October 7, 2019. …read more […]

(Bloomberg) — Jennifer Arcuri, the American entrepreneur caught up in a controversy involving U.K. Prime Minister Boris Johnson, repeatedly refused to say if she’d had an intimate relationship with him.In a television interview, she restated the position she first set out in a Bloomberg interview last week that she would not comment on the allegations because it would allow the media to “weaponize” her answer.“I’m not answering,” Arcuri told ITV’s Good Morning Britain, after presenter Piers Morgan asked her repeatedly whether she’d had an “intimate” relationship with Johnson during his time as London Mayor.Arcuri Vows Not to Bring Down Boris …read more […]

Repo Men At the Fed Extend Their Stay to November 4 The Federal Reserve is now extending its daily repurchase operations in the overnight loan markets until November 4. The previous end was called for October 4, but the banking system needs ever more liquidity. The so-called repo markets are overnight agreements to buy Treasuries […]The post Market Morning: Fed Repo Men, Free Trades, Cheese Hoarding, PayPal Bails on Libra appeared first on Market Exclusive. …read more […]

Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see BankUnited… …read more […]

The U.S. Food and Drug Administration on Monday approved a bone-building drug from Pfenex Inc to treat osteoporosis in certain patients at high risk for fractures, giving the company its first commercial product. The company said it is seeking the FDA’s authorization to designate the drug, PF708, as therapeutically equivalent to Eli Lilly and Co’s injectable drug Forteo. This would permit PF708 to be automatically substituted for Forteo, which lost its market exclusivity in many U.S. states in August. …read more […]

Harley-Davidson Inc is betting on electric motorcycles to attract the next generation of younger and more environmentally conscious riders to reverse declining U.S. sales. The bike costs nearly as much as a Tesla Model 3, and aims for a market that does not really exist: young, “green” and affluent first-time motorcyclists. The sleek sport bike has been available for preorder in the United States since January. …read more […]