Cassa Depositi e Prestiti SpA was authorized by its board to buy as much as 10 percent of Telecom Italia's stock if a management plan -- including a spinoff of the landline business -- delivers value, said the people, who asked not to be identified because the deliberations aren't public. Elliott, a U.S. activist fund, is fighting with Vivendi SA of France over the phone company's strategy. Telecom Italia shares rose as much as 7.8 percent in early Milan trading on Friday, with CDP's move offering more certainty to investors that Elliott may prevail.
Tractor Supply Company (NASDAQ: TSCO) seems to be a multifaceted growth story, with several opportunities that it can leverage, according to Wells Fargo. Wells Fargo's Zachary Fadem maintained an Outperform rating on Tractor Supply and raised the price target from $102 to $108. A recent meeting with Tractor Supply's CEO and CFO highlighted that the company's key topline drivers have a long runway ahead, Fadem said in a Thursday note.
Delta Air Lines employees in Chicago are collectively — and individually — a richer group of airline employees as of Thursday. The Atlanta-based carrier said it will distribute $3 million in profit sharing to 500 employees who work for Delta in Chicago. Delta Airlines (NYSE: DAL) has the smallest operational presence in Chicago among the four largest domestic carriers, that also include United Airlines (NASDAQ: UAL), American Airlines (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV). The $3 million payout is part of a total $1.3 billion in profit sharing Delta is distributing to among 80,000 employees worldwide. Per Delta, the payout is a bonus equivalent to 14 percent of each employee's annual pay.
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It has been about a month since the last earnings report for People's United (PBCT). Will the recent positive trend continue leading up to its next earnings release, or is People's United due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
"A bear market has nothing to do with this 20% arbitrary thing," Gundlach, the CEO of $121 billion DoubleLine Capital, told Yahoo Finance in an exclusive interview. “Bitcoin going from zero to 20,000 in a straight line,” Gundlach said. Soon after, the global stock market peaked and turned, Gundlach noted.
Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity. The investors said in a statement on Friday that Scout24's management and supervisory board supported the sweetened bid of 46 euros a share. Last month, the German company rejected an offer of 43.50 euros per share.
Profits for online retail behemoth Amazon soared in 2018, but it paid no federal income tax for the second consecutive year, according to a report published Wednesday. The Institute on Taxation and Economic Policy says the company is subject to a 21 percent tax rate on its U.S. income. However, through various tax breaks and credits, the company will receive a tax rebate of $129 million.
For the past half-decade, a controversial yardstick called the CAPE has been flashing red, warning that stock prices are extremely rich, and vulnerable to a sharp correction. And over the same period, the Wall Street bulls and a number of academics led by Jeremy Siegel of the Wharton School, have been claiming that CAPE is a kind of fun house mirror that makes reasonable valuations appear grotesquely stretched. CAPE, an acronym “Cyclically-adjusted price-to-earnings ratio,” was developed by economist Robert Shiller of Yale to correct for a flaw in judging where stock prices stand on the continuum from dirt cheap to highly expensive based on the current P/E ratio.
Arbor Realty Trust (ABR) came out with quarterly funds from operations (FFO) of $0.29 per share, beating the Zacks Consensus Estimate of $0.27 per share. This quarterly report represents an FFO surprise of 7.41%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.36 per share when it actually produced FFO of $0.37, delivering a surprise of 2.78%.
Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court simplicity and temper expectations for future returns. Munger, 95, often provoked laughter as he fielded questions at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publishing company he chairs, though he is better known for his four decades as a Berkshire vice chairman. Berkshire now owns more than 90 businesses in the insurance, energy, railroad and other sectors, along with dozens of stocks.
CNBC's Becky Quick reports from the Daily Journal Annual Meeting on Berkshire Hathaway vice chairman Charlie Munger's comments on the company's buybacks.
With life expectancy and inflation rates rising, Americans are increasingly delaying retirement as they fear their nest egg running out. Well, you could always plan for a shorter retirement, simply because it would be easier to manage costs over a shorter time frame. You could also take up a part-time job during retirement, and make small investments from any accumulated wealth to ensure a steady source of income.
This has outpaced the Computer and Technology sector's gain of 8.93% and the S&P 500's gain of 6.53% in that time. WB will be looking to display strength as it nears its next earnings release. On that day, WB is projected to report earnings of $0.78 per share, which would represent year-over-year growth of 21.88%.
Americans at higher income levels have much better credit card debt-to-income ratios, suggesting that while wealthier Americans pay more in credit card debt, they're doing a better job of keeping credit card spending in manageable form compared to Americans in the lower annual income categories. What to Know About Credit Card Debt Here are some more facts on the amount of credit card debt from U.S. cardholders, from the Credit Donkey report: 83% of U.S. adults own at least one piece of plastic. On average, U.S. consumers own three credit cards.
Whether you're planning to do your taxes online or work with an accountant, it helps to know which deductions and exemptions you are entitled to, so you have a rough idea of how big of a refund you might get — or how much you could owe to Uncle Sam. So we spoke to Brittany Turner, CPA, the founder of Countless, a New York City–based accounting firm for creatives. Brittany compiled a list of ten tax credits and deductions to be aware of while heading into tax season this year.
The natural gas markets, on the other hand, are far more localized due to the difficulty in transporting natural gas. Natural gas production in the U.S. has exploded since the beginning of the shale gas boom. Natural gas prices fell in response.
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.
Famed bond investor Jeffrey Gundlach thinks there are other solutions to narrow a yawning income inequality gap than a 70% marginal tax rate.
Boeing has asked potential future engine suppliers of its New Mid-market Airplane (NMA) to pay a royalty if they're involved in the jet program, a top aerospace analyst said this week at the Pacific Northwest Aerospace Alliance conference. Kevin Michaels, the managing director at the consulting firm AeroDynamic Advisory, said no Boeing insiders told him of the plan, but he's hearing about it from clients, including aerospace parts makers throughout the supply chain. quot;How (engine suppliers) feel about it is that they think it's Armageddon," Michaels said.
If you own a stake in Tilray (NASDAQ:TLRY) and want to know what's going to make or break Tilray stock following its upcoming quarterly earnings report, look no further than the responses to quarterly reports from rivals Aurora Cannabis (NYSE:ACB) and Canopy Growth (NYSE:CGC). Also noteworthy is the timing of Canopy Growth's report, which was posted late in the night on Feb. 14, just beating its regulatory deadline. Tilray's post could surface at any time, without warning, if Canopy's timing is any indication.
While some Americans are frustrated with the size of their refunds this tax season, a number of Democratic lawmakers are using the opportunity to criticize the Trump administration's tax law. A group of about 40 Democratic senators sent a letter to the administration on Friday, calling for the Internal Revenue Service (IRS) to waive penalties on taxpayers that had their payments underwithheld this year as a result of the tax reform law and the adjusted withholding tables. “It looks like the Trump Treasury Department spent 2018, an election year, goosing people's paychecks by under-withholding, and it should have been obvious that the bill would come due eventually,” Senate Finance Committee Ranking Member Ron Wyden, D-Ore., said in a statement.
In our series My 6-Figure Paycheck , women making more than $100,000 open up about how they got there and what exactly they do. We take a closer look at what it feels like to be a woman making six-figures — when only 5% of American women make that much, according to the U.S. Census — w ith the hope it will give women insight into how to better navigate their own career and salary trajectories. Today, we chat with a senior marketing manager in fashion from San Francisco, CA.
A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Boston Properties (BXP) is headquartered in Boston, and is in the Finance sector. The real estate investment trust is paying out a dividend of $0.95 per share at the moment, with a dividend yield of 2.85% compared to the REIT and Equity Trust - Other industry's yield of 4.38% and the S&P 500's yield of 1.92%.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Right now, Hoegh LNG is sporting a Zacks Rank of #2 (Buy), while Martin Midstream Partners L.P. has a Zacks Rank of #4 (Sell).