An attorney for current and former Nike employees on Tuesday argued during a court hearing that a sweeping gender discrimination lawsuit against the sportswear giant should be allowed to proceed. The lawsuit was filed in August in the wake of reports about a "boys' club" culture at Nike. Nike filed a partial motion to dismiss the case in December, arguing the lawsuit is overly broad and lacks sufficient facts.
Intelsat (NYSE: I) announces its next round of earnings this Wednesday, Feb. 20. Here is Benzinga's everything-that-matters guide for this Wednesday's Q4 earnings announcement. Wall Street expects EPS loss of 26 cents and sales around $541.86 million.
The first tax filing season under the new federal tax law is proving to be surprising, confusing — and occasionally frightening — for some Americans, especially those accustomed to getting money back from the government. Take Andy Kraft and Amy Elias of Portland, Oregon. The nonpartisan Tax Policy Center projected the tax law would reduce individual income taxes by about $1,260 on average, although it benefits higher earners more.
Accelerate Diagnostics Inc. AXDX) on Tuesday reported a loss of $22.2 million in its fourth quarter. On a per-share basis, the Tucson, Arizona-based company said it had a loss of 41 cents.
Garmin (NASDAQ: GRMN) releases its next round of earnings this Wednesday, Feb. 20. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report. Garmin EPS will likely be near 80 cents while revenue will be around $891.33 million, according to analysts.
Understandably, you might be tempted to go with the lump sum. By taking a lump sum payment, you gain access to a large sum of money, which you can spend or invest as you see fit. "One thing I emphasize with clients is the flexibility that comes with a lump sum payment," says Dan Danford, CFP®, Family Investment Center, Saint Joseph, Mo. "[A pension payment] annuity is fixed (occasionally COLA-indexed), so there is little flexibility in the payment scheme.
FOX Business' Jeff Flock on the impact of Illinois' proposal to tax private retirement funds to pay for public workers' pensions.
The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. The maker of hardware and software products for validating chip designs posted revenue of $569.9 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $550.8 million.
The results fell short of Wall Street expectations. The real estate investment trust, based in Austin, Texas, said it had funds from operations of $100.2 million, or 72 cents per share, in the period. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 73 cents per share.
Analysts expect Wolverine World Wide earnings of 49 cents per share. Revenue will likely be around $581.91 million, according to the consensus estimate. In the same quarter last year, Wolverine World Wide posted EPS of 41 cents on sales of $578.6 million.
As cybersecurity issues continue to make moves across the nation and world, officials are looking to crack down on making sure companies are complying with what they need to in order to keep hackers at bay. Tampa Bay-based companies Abacode and Tech Data Corp. announced Tuesday they have teamed up to help companies do just that. Tech Data is one of the largest end-to-end distributors of technology products, services and solutions, to provide security and compliance program implementation services to companies.
This is one of the many reasons why I believe our 50s can be the most challenging decade of our lives. Assuming you can clear the mental challenges, the financial and administrative obstacles can leave you feeling like a Rube Goldberg machine. Income, health insurance, life insurance, disability insurance, bills, expenses, short-term savings and retirement savings are all immediately important in the face of a job loss.
Health Savings Account Rules: 6 Little-Known HSA Tips That Will Save You Money
On Wednesday, Feb. 20, Owens-Corning (NYSE: OC) will release its latest earnings report. Check out Benzinga's report to understand the earnings report's implications. Owens-Corning earnings will be near $1.21 per share on sales of $1.67 billion, according to analysts.
The British pound initially pulled back a bit during the trading session on Tuesday, but it's turned around to rally and reach towards 1.2950 level, which I believe is a bit of resistance extending to the 1.30 level above. At this point, I believe that the British pound is in fact going to go much higher. Looking at the chart, you can see that the downtrend line has offered support, and the 50% Fibonacci retracement has also offered significant support.
P&G stock began flirting with the century mark on Feb. 12, when shares crossed into the $99 range. Procter & Gamble shares last traded above $100 in 2004, but the all-time high is calculated based on the current adjusted price, which takes into account stock splits. P&G announced in March 2004 a pending two-for-one stock split and shares closed at $105. The Courier's Steve Watkins reported back in 2004 that the P&G stock split would be like taking $100 out of the bank and being asked whether you wanted a $100 bill or two $50 bills.
SAN RAMON, Calif. (AP) _ Five9 Inc. (FIVN) on Tuesday reported fourth-quarter net income of $3.7 million, after reporting a loss in the same period a year earlier. The San Ramon, California-based company said it had net income of 6 cents per share. The results exceeded Wall Street expectations.
The most widely-followed barometer of the U.S. stock market, the S&P 500 Index (SPX), has staged a dramatic recovery from its December low, but a key technical indicator suggests that the S&P's rally -- and the broader market rebound -- may lose steam. "This area right here makes me very nervous because there's actually four significant technical levels here," says Todd Gordon, founder of TradingAnalysis.com. "The 200-day moving average right here--we have tried it once, twice, three, coming back on a fourth time," he told CNBC Adam Kobeissi, founder and editor-in-chief of The Kobeissi Letter, has a similar view.
The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share. The independent oil and gas company posted revenue of $1.07 billion in the period, which also fell short of Street forecasts. Nine analysts surveyed by Zacks expected $1.18 billion.
Wednesday's release of minutes from the Federal Open Market Committee's January meeting has the potential to send one of the most widely-followed parts of the Treasury yield curve hurtling toward inversion within a matter of weeks. That's the view of BMO strategist Jon Hill, who says that the gap between 2-and 10-year notes -- which bottomed out at 9.1 basis points in December and currently stands at about 14.4 basis points -- could resume its narrowing trend should the minutes tilt either of two ways: The Federal Reserve signals that another interest-rate increase may be on the horizon even without clear signs of longer-run U.S. economic improvement, or if policy makers saw the risks of a r...
Every investor has a different threshold for how much cash to keep on hand in a brokerage or retirement account. Retaining enough of this asset in an investment portfolio is important, since many major brokerages require up to three days for money to settle into a trading account from a bank. When you take a profit and sell a stock, the Securities and Exchange Commission dictates that funds take two business days to settle into an account before the proceeds can be used to buy other stocks.
CompareCards.com says credit and debit card skimming is a growing threat to consumers at the gas pump. Skimming is type of fraud where criminals steal data through bogus card readers they attach to payment terminals at gas stations. Once you use your debit or credit card at the fake card reader, criminals can steal your personal information or use it to make purchases online.
A record seven million Americans are more than 90 days late on their auto loan payments, and millennials are clearly leading delinquency rates, according to a report by the New York Fed. The NY Fed found that the number of new auto loans and leases appearing on credit reports in 2018 reached a new peak — the highest level in the 19 years they have monitored the data — at $584 billion. Looking at the number of auto loans in serious delinquency, the researchers noted that there was a “sharp worsening in the performance of the loans held by borrowers under 30 years old between 2014 and 2016.
Those numbers dwarf Amazon, which has been expanding similar services from Whole Foods Market through Prime Now to 60 U.S. metro areas with grocery delivery and over 20 metros with pickup service. Amazon said it plans to expand, but it's hard for them to catch up to Walmart, which revealed efforts to grow grocery deliveries to more than 300 metro areas by the end of this year. We will continue to play and innovate as we shape the future of our omni retail.
Online lender LendingClub Corp reported a smaller quarterly loss on Tuesday, on the back of higher loan originations. The San Francisco-based company posted an adjusted loss of $4.1 million, or 1 cent per share, in the fourth quarter ended Dec. 31, compared to a loss of $7.3 million, or 2 cents per share, a year earlier. (https://reut.rs/2EiMdjC)