Ian Lanoff, a Washington, D.C.-based lawyer who advises state pension funds on their fiduciary responsibilities, said the divestment of pension funds in the tobacco industry 15 years ago had little impact. “I didn’t see any evidence that tobacco companies cared at all,” Lanoff said “I’ve heard investment experts say to my boards, other people will
0 Comments
United States officials have torpedoed a Chinese state-backed group’s plan to buy an American electronics company, signaling the Trump administration’s continuing skepticism toward Chinese investment deals, particularly those that involve transferring technological know-how. Xcerra, a Massachusetts-based provider of equipment for testing computer chips and circuit boards, said this week that it was withdrawing from its
0 Comments
Any potential celebrations are on hold, however, as RBS awaits a settlement decision by the U.S. Department of Justice over a probe into the bank’s mis-selling of toxic mortgage-backed securities. Years of scandal and misconduct have dogged the bank’s reputation. Laith Khalaf, senior analyst at Hargreaves Lansdown, called the positive profits news a “stay of
0 Comments
Commercial fishing covers more than 55 percent of the ocean’s surface, a new study has revealed in a potentially worrying sign about the depletion of marine resources. Fish from the wild do not currently contribute a significant portion of human caloric consumption, but “the footprint of industrial fishing in the ocean is over four times
0 Comments
“A lot of times, like [recently], there is a lot of cash on the sidelines and the stock market has done very well,” Dalio told CNBC Make It in January at the World Economic Forum in Davos, Switzerland. “It almost certainly will attract in a lot because everyone’s going to say, ‘Oh the stock market
0 Comments
Hewlett Packard Enterprise shares skyrocketed as much as 19 percent on Thursday after the company reported first quarter financial results that blasted past analysts’ expectations on top and bottom lines. Here’s how the company did compared with what Wall Street expected: EPS: 34 cents vs. 22 cents expected according to Thomson Reuters Revenue: $7.67 billion
0 Comments
A grassroots millennial group backed by the conservative Koch brothers is warning cities that giving Amazon multi-million-dollar tax breaks for its new headquarters might not pay off. Generation Opportunity, an activist group within the Koch network, has been speaking out against cities offering Amazon tax breaks and other incentives to encourage the e-commerce giant to
0 Comments
Dollar Tree’s stock will thrive as tax reform and wage increases help the retailer’s customers, according to J.P. Morgan. The firm reiterated its overweight rating for Dollar Tree shares, say low-to-middle income households will receive significant monetary benefits this year. “Our analysis points to a ~$500 after-tax net wallet tailwind at the $40,000 household income
0 Comments
The Cheesecake Factory on Wednesday reported fourth-quarter earnings of $57.7 million. On a per-share basis, the Calabasas Hills, California-based company said it had profit of $1.24. Earnings, adjusted for pretax gains, were 53 cents per share. The results met Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also
0 Comments
Roku shares plunged 18 percent Thursday, a day after the maker of digital streaming devices provided a revenue estimate that trailed analysts’ estimates. Roku said sales in the first quarter will be $120 million to $130 million, falling short of the $131.7 million average estimate of analysts surveyed by Thomson Reuters. Here’s what Roku reported
0 Comments
Former General Electric boss Jeff Immelt was consistently over-optimistic in running the large conglomerate during his 16-year tenure, The Wall Street Journal reported Wednesday. More than a dozen insiders — including both investors and current and former GE executives — told the paper Immelt would project results for the company’s future mismatched with its reality.
0 Comments