Markets


FedEx shares fall on mixed earnings report FedEx shares fall on mixed earnings report
- December 21, 2016

Investors seemed to be somewhat skittish, with the company's shares trading after hours at $193.66, a dip of 2.56%. The Memphis-based company reported Reports Q2 EPS of $2.80, which was $0.11 worse than the $2.91 that analysts had expected. (more...)
Baazov pulls plug on Amaya takeover attempt Baazov pulls plug on Amaya takeover attempt
- December 21, 2016

Mr. Baazov also wrote that the "premium demanded by certain shareholders exceeded the price at which my investors and I would be willing to complete a transaction". Down only 1.38% on the day, the roller-coaster's near return to its earlier level north of Dollars $14 (about CAD $19) showed that the market had already largely discounted the prospect of Baazov's bid attempt becoming successful. (more...)
All 6 of Broncos' Pro Bowl snubs are listed as alternates
- December 21, 2016

Paul Krause and Joey Browner lead the way with six appearances each. Defensive end Everson Griffen, return specialist Cordarrelle Patterson, cornerback Xavier Rhodes and safety Harrison Smith have been selected by players, fans and coaches to the Pro Bowl. (more...)
Nielsen will acquire Tribune-owned Gracenote for $560M Nielsen will acquire Tribune-owned Gracenote for $560M
- December 21, 2016

Gracenote collects, curates and delivers info about TV shows, sports, movies and music for clients including Time Warner Cable, Comcast, DirecTV, Amazon and Apple in the U.S., Europe, India, Latin America and Australia. "Tribune Media will retain its ownership of the business-to-consumer web sites Covers.com and ProSportsDaily.com", THR adds. Tribune Media, which is moving from the iconic Tribune Tower in 2017 to the Illinois Center across the street, said it expects to receive ... (more...)
Twitter CTO Adam Messinger is leaving the company
- December 21, 2016

Last month, Chief Operating Officer Adam Bain said he was stepping down after six years at the helm. Two Twitter executives today announced they will leave the company, adding to a string of executive departures throughout the year. In October, the company announced it was laying off about 9 percent of its global workforce, or an estimated 350 employees. Amid all this chaos, sudden changes at the top - which, for Twitter, seems like a regular event at this point - can lead to equal ... (more...)
AMC Theatres Gets Conditional Approval to Acquire Carmike Cinemas
- December 21, 2016

An AMC spokesman did not immediately respond to a request seeking comment, but the company has 60 days to divest the theaters in a manner consistent with the settlement. "Needless to say, we are in a good mood", AMC CEO Adam Aron told reporters. The settlement requires court approval. AMC shares rose 10 cents, or.3%, to $33.30 in midday trading on Wall Street. (more...)
Lennar Corp. (LEN) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS Lennar Corp. (LEN) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS
- December 21, 2016

Shares of Lennar Corporation (NYSE:LEN) [ Trend Analysis ] runs in leading trade, it moving down -0.05% to traded at $43.40. A number of brokerages have weighed in on LEN . The 52-week high of the share price is -8.59% and 52-week low of the share price is 86.06%. If you are reading this news story on another domain, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright legislation. (more...)
Dollar index firms after Fed's Yellen wage remarks Dollar index firms after Fed's Yellen wage remarks
- December 21, 2016

While the outlook for the United States economy remains upbeat, a Commerce Department report last Friday showed a larger-than-expected drop in U.S. homebuilding. Yet if one removes the impact of higher housing costs - strength in which could be upended by the recent rise in mortgage rates - the overall inflation rate is only just above 1 percent. (more...)
Nearly 20000: A record close (but no cigar) for Dow
- December 21, 2016

The Russell 2000 index of small-company stocks jumped 13 points, or 0.9 percent, to 1,384. The Standard & Poor's 500 index gained 0.3% and was trading just below its record closing high. The consumer discretionary index rose 0.85 percent. "The market is focused on the Trump agenda, which is tax cuts, infrastructure spending and deregulation", said Jeff Zipper, managing director for investments at Private Client Reserve at U.S. (more...)
Nomura Begins Coverage on Xenia Hotels & Resorts Inc. (XHR)
- December 21, 2016

The stock of Host Hotels and Resorts Inc (NYSE:HST) has "Buy" rating given on Wednesday, October 5 by Citigroup. The Rating was issued on Sep 26, 2016. and worldwide copyright & trademark law. The legal version of this article can be accessed at https://sportsperspectives.com/2016/12/20/host-hotels-resorts-inc-hst-cut-to-hold-at-argus/. (more...)
Salvation Army Red Kettle Drive in the home stretch Salvation Army Red Kettle Drive in the home stretch
- December 21, 2016

Elliott's celebration came after his franchise-record-setting 13th rushing touchdown of his rookie season in the Cowboys' 26-20 win over the Tampa Bay Buccaneers. The league announced Monday it would not fine Elliott, prompting some NFL players to argue the league would have fined them for the same. "He was actually talking about that pregame, should he do it, will they fine him", quarterback Dak Prescott said to the AP. (more...)
Oracle Corp. (ORCL) Receives Outperform Rating from Raymond James Financial Inc Oracle Corp. (ORCL) Receives Outperform Rating from Raymond James Financial Inc
- December 21, 2016

Tesco Pension Investment Ltd acquired a new stake in shares of Oracle Corp. during the third quarter valued at approximately $140,937,000. Oracle Corp. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Tuesday, January 3rd. Oracle Corp.'s payout ratio is presently 28.99%. (more...)
Fire breaks out in Air India building in Nariman Point, no injuries Fire breaks out in Air India building in Nariman Point, no injuries
- December 21, 2016

The fire is said to have started on the 20th floor of the building. Tuesday's fire broke out around 6 am on the 22nd floor, in a waiting room abutting the chairman-cummanaging director Ashwani Lohani's chambers. "We can't give any reports as of now, till the entire area is checked". Until 2013, the building was the corporate headquarters for the Indian national airline, Air India. (more...)
Vale agrees $2.5 billion sale of fertilizer business to Mosaic Vale agrees $2.5 billion sale of fertilizer business to Mosaic
- December 21, 2016

Mosaic intends to fund the acquisition with $1.25 billion in cash, which the company plans to raise through the issuance of debt, and approximately 42.3 million shares of its common stock. In addition, Mosaic may pay an extra $260 million dependent on future earnings of the fertilizer unit. The company decided in 2011 that mining and fertilizers would be its core business, but CEO Murilo Ferreira said in a video that it has been hard to "open a window to the fertilizer market". (more...)
Darden Restaurants Results Boosted by Olive Garden Darden Restaurants Results Boosted by Olive Garden
- December 21, 2016

After the recent increase, investors may also look to see if the stock has entered overbought territory and could possibly ripe for a pullback. Krilogy Financial LLC raised its position in Darden Restaurants by 1.6% in the second quarter. (more...)
Southwest Airlines Website Fails During Holiday Travel Week Southwest Airlines Website Fails During Holiday Travel Week
- December 21, 2016

The Dallas-based carrier said its website, Southwest.com, lost some of its functionality, starting around 10:30 a.m. CDT. Customers of Southwest Airlines attempting to log onto the company's website are now being greeted by a message requesting patience. (more...)
Dozens wounded at Mexico fireworks blast Dozens wounded at Mexico fireworks blast
- December 21, 2016

Luis Felipe Puente, head of national emergency services, said the number of injuries could rise. State governor Eruviel Avila said the top priority was to care for the injured, and officials had been dispatched to the scene. Puente added that there was no choice but to let any unexploded fireworks burn off. In 2005, a fire engulfed the same market, sparking a chain of explosions that destroyed hundreds of stalls, just ahead of Mexico's Independence Day. (more...)
Iran condemns attack on Russian ambassador to Turkey Iran condemns attack on Russian ambassador to Turkey
- December 21, 2016

The man, reported to be a police officer (or posing as one), fired at the ambassador and shouted "Allahu Akbar", repeatedly. On one of the videos, the man shouts: "Do not forget about the Aleppo , do not forget about Syria ". Turkish Foreign Minister Mevlut Cavusoglu also responded to the attacks: "Both [Russia and Turkey] understand that this low act will not harm our relations", Cavusoglu said . (more...)
Nike Blows Past Sales & Profit Forecasts Despite Analysts' Concerns
- December 21, 2016

Wedbush analysts disclosed their opinion on NIKE, Inc . On 7/25/2016 Hilary K Krane, EVP, sold 100,000 with an average share price of $56.99 per share and the total transaction amounting to $5,699,000.00. If you are viewing this report on another publication, it was stolen and reposted in violation of United States & worldwide copyright legislation. The correct version of this report can be read at ... (more...)
Obama prepares to block drilling in Arctic, Atlantic
- December 20, 2016

Obama will reportedly use a rarely invoked provision of a 1953 law that gives the president the right to prevent the sale of drilling rights in certain waters. Under that law, every president puts forth periodic five-year plans laying out how the waters of the nation's outer continental shelf may be leased for drilling or protected. (more...)

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