Month: June 2018

Check out the companies making headlines before the bell: Conagra – The food producer has reached a deal to buy Pinnacle Foods for $10.9 billion in cash and stock, with an implied value of $68 per share. CNBC had reported Tuesday that a deal was close. General Mills – General Mills reported fourth-quarter adjusted profit
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Daniel Acker | Bloomberg | Getty Images General Mills breakfast cereal boxes are arranged for a photograph in Tiskilwa, Illinois. Cheerios cereal maker General Mills on Wednesday reported a quarterly profit that topped analysts’ estimates, as its efforts to reduce costs and improve its distribution network paid off. Gross margins of the company, which is
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The iconic motorcycle company Harley-Davidson is running out of options on how to respond to a mix of declining sales and potentially devastating tariffs, Jaime Katz, senior equity analyst at Morningstar, told CNBC. She said moving some of its operations overseas may be the logical solution. “In order to fail to alienate their consumers overseas,
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If you’re wealthy enough to buy a National Football League franchise, you might want to consider Major League Soccer instead. According to Gregg Lemkau, co-head of investment banking at Goldman Sachs, the value of NFL teams has been stable but MLS teams are on the rise. “The growth of soccer in the U.S. has actually
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Matthew Staver | Bloomberg | Getty Images Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp., right, speaks with Jeff Bezos, chairman, president and chief executive officer of Amazon.com Inc., at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Thursday, July 7, 2011.  Tech giant Amazon buying
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Shares of Intel fell more than 1 percent on Tuesday after Bernstein downgraded the stock and slashed its price target, citing a narrow path for further gains and uncertainty following the abrupt departure of its CEO. Analyst Stacy Rasgon lowered his rating on Intel to underperform from market perform and slashed his price target on
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I recently read “The Index Revolution” by Charles D. Ellis, a well-known investor who is widely respected for his success in institutional finance. He has authored 16 books and more than 100 articles on investing strategies. “The Index Revolution” offers numerous reasons why index investing is the best approach. Here are three reasons that stood
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As the CEO of one of the world’s most valuable companies, Tim Cook has a pretty decent platform for sharing leadership advice. And he frequently does. The Apple chief is a prominent spokesperson for diversity and inclusion issues and has made headlines for speaking out on some of America’s most controversial political policies. But that
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President Donald Trump said Monday he was “surprised” by Harley-Davidson’s announcement that it will move some of its production out of the U.S. to avoid European Union tariffs. Trump again accused the EU of engaging in trade practices that “hurt” the American economy. @realDonaldTrump: Surprised that Harley-Davidson, of all companies, would be the first to
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David Paul Morris | Bloomberg | Getty Images A customer looks at a motorcycle on display at the Oakland Harley-Davidson dealership in Oakland, California, U.S., on Friday, April 14, 2017.  Check out the companies making headlines after the bell: Shares of Harley-Davidson climbed as much as 1 percent in extended-hours trading. The popular motor cycle
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Further, “Amex’s business model has spurred robust interbrand competition and has increased the quality and quantity of credit-card transactions,” Justice Clarence Thomas wrote in the five to four ruling. “This has been an ongoing battle over interchange fees,” said Joe Resendiz, a credit cards research analyst at ValuePenguin. Although for the most part, “consumers are
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Sen. Tim Kaine, D-VA, along with three other senators, say student borrowers are being denied debt relief  The Trump administration is denying student borrowers the debt relief they deserve, four senators are arguing. In a letter delivered to Education Secretary Betsy DeVos, Sens. Tim Kaine, D-VA, Sheldon Whitehouse, D-RI, Tammy Duckworth, D-IL and Maggie Hassan,
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Jack Ma’s Ant Financial is betting on blockchain but the Chinese billionaire warned against the technology’s first and most popular use case: Bitcoin. The financial-technology affiliate of e-commerce giant Alibaba launched a joint venture in Hong Kong Monday that uses blockchain for a cross-border remittance service. At the launch event hosted by Ant Financial, Ma
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Carnival shares dropped Monday after the company cut its full-year guidance, citing increased fuel costs and unfavorable currency exchange rates. The stock closed down 7.85 percent at $58.54 per share, the largest decline since a 7.9 percent drop in February 2016, after the cruise line operator cut its full-year earnings outlook to a range between
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Several of the market’s favorite semiconductor names are tanking on Monday as investors grow concerned over President Donald Trump’s plan to restrict foreign investments in U.S. technology companies. On Sunday the Wall Street Journal said the Treasury Department is drawing up rules to block companies with at least 25 percent Chinese ownership from buying companies
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Past lottery winners have discovered the hard way that the more people who know they’ve won, the greater the chance they’ll be approached for things like personal loans, handouts, investment opportunities and charitable donations. Another challenge is figuring out exactly how to split the winnings. There are tax considerations, and some states have limits on
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