Posts by Kevin Chupka
Kevin Chupka at Yahoo Finance 2 days ago
The success of the US Foods (USFD) IPO on the New York Stock Exchange today could defrost what has been a stagnant market for newly-public firms this year. As NYSE Group President Tom Farley noted to Yahoo Finance, this year has seen just 41 companies hit the public market compared to 82 during the same period of 2015.
US Foods was not the only company to IPO today. Gypsum Management and Supply (GMS) and Cotiviti Holdings (COTV) also hit the NYSE today, as well as a closed-end fund.
“Today is a really good signal,” Farley says. “Four good IPOs. Of the three operating companies ... all had very smooth IPOs. They’re all trading within about 70 cents of the first trade this morning."
Last year’s market volatility, as well as fears of inflated valuations, kept some companies on the sidelines of the public market through the early part of the year. Farley thinks that this is changing. “We have about a dozen companies that are circling June for their IPOs,” he notes, "and included among them are several well-known companies, large successful companies.”
Kevin Chupka at Yahoo Finance 11 days ago
It wouldn’t be spring without a little Greek debt drama. Enter the International Monetary Fund that earlier today proposed a plan in which the eurozone would allow Greece to avoid both interest and principal payments on bailout loans until 2040.
According to a report in the Wall Street Journal:
The IMF wants eurozone countries to accept long delays in the repayment of Greece’s bailout loans, which would fall due in the period from 2040 to 2080 under the proposal, according to officials familiar with the talks.
The IMF is also pressing for Greece’s interest rate on its eurozone loans to be fixed for 30 to 40 years at its current average level of 1.5%, with all interest payments postponed until loans start falling due.
For those worried about lingering risks, Papandreou notes that banks in his country have been re-capitalized and plenty of companies now need investment to get on their feet.
The former Greek chief also points to the movement toward a banking union that would guarantee money across the EU.
Kevin Chupka at Yahoo Finance 1 mth ago
Editor's note: The following post first appeared on Glassdoor.com. You can read the original here.
In the early 1960s, the U.S. labor market was sharply divided. Only 37 percent of women worked outside the home. Newspapers routinely advertised jobs for men and women separately, often with separate pay scales. Women earned on average about 59 cents per dollar earned by men—giving rise to the famous equal-pay slogan “59 cents out of every dollar.”
How can we move the needle toward greater awareness and pay equality? One of the first steps is to carefully measure the pay gap and what’s causing it. Once we understand causes, we can pinpoint workplace practices and public policies that will help improve gender equity in today’s labor market.
Sizing Up the Pay Gap
BrewDog isn’t your run-of-the-mill beer maker. Founded in Scotland in 2007 by James Watt and Martin Dickie, the brewery became popular fast and needed money to aid in expansion. Unconstrained by traditional business practices, Watt and Dickie came up with a different idea. As Watt recently told Yahoo Finance: “We couldn’t get money from the banks. We needed money to buy equipment to expand our business, so we turned to the people who enjoy the beers that we make. So we’ve got 40,000 equity punk investors who’ve been with us since 2009. It’s the heart and soul of our business, and we don’t just have investors — they’re ambassadors, advocates, and they’ve really been key [in] turning our business into what it is today.”
For those inspired by BrewDog’s unorthodox business practices, Watt has a new book, Business for Punks: Break All the Rules — the BrewDog Way, detailing how and why he and Dickie decided to go against tried and true business school methods.
Happy National Margarita Day! If you’re having a tough time getting through the grips of winter, the good folks that sell tequila are hoping to remind you that, before you know it, you’ll be sitting on a beach with an ice-cold beverage in your hand that's a tasty mix of tequila, lime juice, and triple sec.
Patrón in particular is using the “holiday” to launch its Margarita of the Year contest. The company has tasked seven different bartenders from around the country to come up with their recipes for the best cocktail. Voters can choose from classic, smoky, savory, spicy, tropical, herbal, and modern varieties.
Yahoo Finance welcomed one of the competitors, Laura Newman of New York City’s “Mother or Pearl” bar, to show us how to make the perfect drink to celebrate National Margarita Day. Below you’ll find three recipes: classic, savory, and herbal. All three are part of the contest, and now you can give them a try in your home bar before heading to the Web to cast your vote.
The growth of at-home mixology (read: bartending for your friends and family) has presented a new opportunity for beverage giants like Pernod Ricard. Its latest earnings report showed organic growth of 3% year over year, up from 2% growth from 2013 to 2014.
CFO Gilles Bogaert told Yahoo Finance that the United States is a big part of that growth and accounted for 17% of the company’s net sales, making it the number one liquor market for Pernod Ricard.
Whiskey continues to be the “it” alcohol. “Globally whiskey is quite important for Pernod Ricard. Scotch and Irish whiskey represent 45% of the group's net sales. And in the U.S. in particular, Jameson is growing very fast. Double digits.”
Bogaert says a mix of big-name brands, including the aforementioned Jameson, Absolut, and others—along with “niche” names such as Tequila Avión and Monkey 47 Gin—helps them serve different consumers while growing sales.
Pernod is also working to refresh its image. Millennials are a big part of their consumer base, which has forced the company to up its game in digital and social media.
Kevin Chupka at Yahoo Finance 4 mths ago
Despite the drumbeat of controversy surrounding the National Football League, the television ratings for the first weekend of playoffs spiked 11% year-over-year. While the league itself seems bulletproof, its players are decidedly not. Traumatic brain injuries from repeated blows to the head have gotten a lot of attention from the media recently and even from Hollywood in this year’s Oscar-contender-turned-snub “Concussion.”
Now, one of the NFL’s own, all-pro cornerback Shawn Springs, is trying to do something about it. The former player for the Seattle Seahawks, Washington Redskins, and New England Patriots, is now the CEO of Windpact, a company trying to put its patented “Crash Cloud” technology into helmets not just on the gridiron, but also on soccer fields, baseball diamonds, and elsewhere.
The technology doesn’t just absorb impacts. It also disperses energy from such blows. “It’s kind of like an airbag with a mattress inside,” Springs says.
Despite playing 13 seasons in the NFL, the inspiration for Springs' company didn’t come from the sport he loves.
As each Wind Spring™ is compressed, energy is transferred through the Impact Vents™, away from the point of impact.
Kevin Chupka at Yahoo Finance 4 mths ago
The new year is off to an inauspicious start for Wall Street, and there are any number of pundits to listen to about what it all means and where the market will go from here. Then there are news headlines about North Korea allegedly testing a hydrogen bomb adding yet another wrinkle for investors.
We decided to try to remove the noise and look strictly at the data—and Sam Barnett of SBB Research Group is just the guy to help us do it. The 26-year-old hedge fund manager started his fund before his junior year of college back in 2010 and uses his mathematics skills to develop quantitative market models.
In general, he says one theme of 2016 will again be volatility.
That’s not to say that Barnett doesn't think there aren't ways to make money this year.
“I think that there are lots of opportunities. We’re not in the same market that we were six years ago. Twelve million new jobs have been added, unemployment’s gone from 10% to 5%, [and] the Fed has some optimistic outlooks for the world.”
Kevin Chupka at Yahoo Finance 6 mths ago
We “Dr. No” you've had a long week and you're ready to kick back with Yahoo Finance's James Bond inspired cocktail of the week.
The bond film franchise began in 1962 with the aforementioned "Dr. No" and Sean Connery in the lead role. Now, 24 movies and counting later, James Bond has brought in close to $14 billion (inflation adjusted)...and one Goldfinger... at the box office.
The latest film, out today, is “Spectre” and it cost a whopping $250 million to make (not including another $100 million in marketing costs). According to Variety, the film will need to bring in $650 million to break even once the theaters take their cut of the profits.
Ok, back to the drink! As Daniel Craig takes his fourth turn as the British secret agent in the “Spectre,” we just had to make “the spy who loved me's” favorite drink: a Martini... a Belvedere Spectre 007 Martini.
Just remember, this recipe is “for your eyes only!”
Kevin Chupka at Yahoo Finance 6 mths ago
Right around her 16th Birthday Maria Marlowe was plagued with health problems. ”I had acne really bad, I was overweight, I was sick all the time,” she told Yahoo Finance.
When she got to college someone told her it might be her diet. Sure enough, after beginning to eat healthier she says her problems went away, her skin cleared up and she shed 20 pounds.
Even though she graduated with a degree in finance and began working at a hedge fund, Maria knew that nutrition and health care was where she really belonged.
Enter the Institute for Integrative Nutrition. What started 25 years ago with one instructor (founder Joshua Rosenthal) teaching students how to make healthy dishes in a New York kitchen is now a huge online enterprise that instructs anywhere from 1,000 to 1,5000 students every semester on the ins and outs of healthy living, nutrition and business.
The program costs about $6,000 and the institute’s Executive Vice President, Marcello Anzalone, says it sets students up for any number of job opportunities upon completion.