Money

Steve Jobs' widow takes stake in Atlantic magazine

Steve Jobs' widow takes stake in Atlantic magazine In another example of old media colliding with the tech world, the Atlantic magazine is getting a new majority owner from Silicon Valley: Laurene Powell Jobs' Emerson Collective . Bradley's deal with Emerson Collective will not change any of The Atlantic's management team, he said, with one exception: Peter Lattman, who was tapped by Powell Jobs to head up Emerson Collective's media initiativ... [Full Article...]

Wells Fargo to refund $80M to CPI-affected customers

Wells Fargo to refund $80M to CPI-affected customers The bank said Friday that roughly 570,000 customers were affected and will be getting refunds. As permitted under those contracts, Wells Fargo would purchase CPI from a vendor on the customer's behalf if there was no evidence - either from the customer or the insurance company - that the customer already had the required insurance, the company said in a statement . [Full Article...]

US FDA aims to cut nicotine in cigarettes, ease e-cigarette rules

US FDA aims to cut nicotine in cigarettes, ease e-cigarette rules Tobacco use is tied to 480,000 deaths per year in the United States. "The overwhelming amount of death and disease attributable to tobacco is caused by addiction to cigarettes-the only legal consumer product that, when used as intended, will kill half of all long-term users". [Full Article...]

You Can Get a Free MAC Lipstick - but Only For 1 Day

You Can Get a Free MAC Lipstick - but Only For 1 Day In honor of the made up holiday, Walmart looked at the numbers and found pink, in all its different shades, is America's best-selling color. The moment has finally come for us to come together and rejoice, because M.A.C.is giving away a full tube of lipstick to celebrate National Lipstick Day. [Full Article...]

Exxon Mobil Stock Hits New Low After Earnings; Baidu Profits Surge

Exxon Mobil Stock Hits New Low After Earnings; Baidu Profits Surge Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company's stock worth $191,000 after buying an additional 15 shares in the last quarter. [Full Article...]

Park Hotels & Resorts (NYSE:PK) Earns Daily Media Sentiment Score of 0.17

Beta compares the returns of company stock to return of the market as a whole. During the same period in the previous year, the business earned $0.49 earnings per share. Several analysts have recently commented on PK shares. COPYRIGHT VIOLATION WARNING: "Farmers Trust Co". It also upped Oneok Partners Lp (NYSE:OKS) stake by 178,194 shares and now owns 12.26 million shares. [Full Article...]

Gateway Investment Advisers LLC Has $350000 Position in SuperValu Inc. (NYSE:SVU)

Gateway Investment Advisers LLC Has $350000 Position in SuperValu Inc. (NYSE:SVU) Russell Investments Group Ltd.'s holdings in SuperValu were worth $110,000 as of its most recent filing with the SEC. Hedge funds have recently added to or reduced their stakes in the company. Equities analysts anticipate that SuperValu will post $0.31 EPS for the current year. First Midwest Bank Trust Division now owns 104,551 shares with a value of $344,000. [Full Article...]

Cenovus Energy Inc (CVE) Price Target Lowered to C$14.00 at Desjardins

Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC raised its position in Cenovus Energy by 51.6% in the first quarter. Finally, Scotiabank reiterated an outperform rating and set a C$20.00 price target on shares of Cenovus Energy in a report on Monday, April 24th. Next quarter's EPS is estimated at $0.05 with next year's EPS projected to be $0.36. [Full Article...]

Amazon misses Wall Street expectations by a mile

Amazon misses Wall Street expectations by a mile Amazon .com, Inc. shares fell 2.3% in after-hours trading following the report. The legal version of this report can be read at https://weekherald.com/2017/07/28/amazon-com-inc-nasdaqamzn-shares-bought-by-welch-group-llc.html. Traders are a little more bullish on Amazon .com, Inc. looking at the downtick in short interest. Another trade for 1.00 million shares valued at $940.74 million was made... [Full Article...]

Teavana Closing: Starbucks Shutting Down All Locations

Teavana Closing: Starbucks Shutting Down All Locations About 3,300 employees will be affected by the closings, and they will be invited to apply for jobs at Starbucks stores. The shutdown is the latest blow for a brick-and-mortar retail sector that has suffered waves of department and boutique store closings in the a year ago. [Full Article...]

ITC Q1 net rises 7.4% to Rs 2560 cr

ITC Q1 net rises 7.4% to Rs 2560 cr Shares of the company were trading 15.92 per cent higher at Rs 103.40 apiece from the previous close on BSE. The company had posted a net profit of Rs2,384.67 crore for April-June quarter a year ago, ITC said in a BSE filing. This segment also includes apparel, education and stationary products, personal care products, matches and agarbattis. However ban on sale of liquor in hotels near highwa... [Full Article...]

Energy Transfer Partners, LP (NYSE:ETP) Experiences Lighter than Usual Trading Volume

Energy Transfer Partners LP (NYSE:SXL) has 0.00% since July 26, 2016 and is. (NYSE:SFS) closed at $8.70 a share in the latest session and the stock value rose nearly -38.30% since the beginning of this year. Since February 14, 2017, it had 0 insider buys, and 5 selling transactions for $190,621 activity. Shares for $1.15M were sold by CUNNINGHAM WILLIAM H DR . [Full Article...]

Teekay Corporation (TK) Receives Media Sentiment Rating of 0.56

Teekay Corporation (TK) Receives Media Sentiment Rating of 0.56 Yet another important factor while evaluating a good buy/sell decision for Teekay Offshore Partners LP ( TOO ) is its Earnings per Share or EPS. Bank of America Corp DE raised its position in shares of Teekay Corporation by 333.1% in the first quarter. [Full Article...]

VALE SA (NYSE:VALE) Downgraded to Buy at BidaskClub

Wedbush Securities Inc. boosted its position in shares of VALE by 19.2% in the first quarter. The counter witnessed a trading volume of 0.39 million shares versus an average volume of 0.45 million shares during last trading session. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & worldwide copyright & trademark law. [Full Article...]

USA economy grows 2.6% in second quarter

USA economy grows 2.6% in second quarter The US economy grew by 2.6% in the second quarter, according to Commerce Department figures. The outcome for the second quarter and the downwardly-revised growth in the first quarter, put growth in the first half of 2017 at 1.9 percent, above the 1.5 percent recorded previous year and close to the economy's long-term trend growth rate of two percent. [Full Article...]

Foxconn deals forces Wisconsin to act soon on tax breaks

Foxconn deals forces Wisconsin to act soon on tax breaks In picking Wisconsin, Foxconn would appear to be giving a victory to both Trump and the state's Republican governor, Scott Walker, who is up for re-election next year. But Walker says Foxconn will have to fulfill its promises to get it. There is a list of sites across America where factories were planned but never built after the political attention faded. [Full Article...]

Liberty Global Plc (NASDAQ:LILA) Reviewed By Analysts

Among 3 analysts covering Kennedy-Wilson Holdings ( NYSE:KW ), 2 have Buy rating, 0 Sell and 1 Hold. Liberty Global plc - Class A Ordinary Shares (NASDAQ:LILA) has declined 48.39% since July 26, 2016 and is downtrending. raised its position in shares of Liberty Global plc - Class C by 19.5% in the first quarter. The institutional investor owned 3,700,696 shares of the company's stock after buying ... [Full Article...]

AstraZeneca plc's (LON:AZN) "Sell" Rating Reaffirmed at Goldman Sachs Group, Inc

AstraZeneca plc's (LON:AZN) About 12,653 shares traded. It has outperformed by 19.11% the S&P500. AstraZeneca PLC (NYSE: AZN ) yearly performance is 9.80% and net profit margin is 15.20%. Tower Research Capital LLC TRC increased its position in Astrazeneca PLC by 3,782.0% in the first quarter. Since February 2, 2017, it had 0 buys, and 20 insider sales for $17.03 million activity. [Full Article...]

AWS emerges as a bright spot in Amazon's 'mixed' Q2 results

AWS emerges as a bright spot in Amazon's 'mixed' Q2 results Amazon's earnings plunged 77 percent in the second quarter of 2017 as the company continues to invest in new areas of growth, leading to its lowest quarterly net income since the third quarter of 2015. The spectre of Amazon's disruption now hangs over a dizzying array of industries and markets. "You tend to expect companies like this to grow their expenses at a slower rate than their revenues", ... [Full Article...]

U.S. stock market opens with records

U.S. stock market opens with records In the cash market, the benchmark S&P 500 index settled at 2477.83. The Dow Jones rose 0.5% to 21,734, while the wider S&P 500 index added 0.13% to 2,480 and the tech-focused Nasdaq index was up 0.29% at 6,430. "The main message from the July FOMC statement was that the Committee is very likely to announce the starting date for running down its balance sheet at the September meeting, but i... [Full Article...]


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