The travel-software company has purchased Radixx, a technology provider that targets the low-cost carrier space, Sabre (Nasdaq: SABR) said in a statement on Wednesday. The deal will cost Sabre about $110 million, including payments to debt holders, from cash on-hand. The low-cost carrier segment that's bolstered Radixx is growing at twice the rate of full-service providers in the past five years, the company said.
Shares of apparel giant Gildan Activewear Inc. plunged by a third Friday after the company pared its guidance for revenue and profit due to a slowdown in its print-wear business. Given Gildan's scale, the sharp slowdown in U.S. print-wear sales in the third quarter is most likely an industry-wide phenomenon, Keith Howlett, an analyst at Desjardins Capital Markets, wrote in a note to investors, calling the unit Gildan's “cash machine.” He cut his rating to sell from buy. “The printwear channel is reliant on demand from the promotional products channel, and it is possible that economic anxiety has caused some companies to reduce discretionary spending,” Howlett said.
Chinese ride-hailing giant Didi Chuxing is preparing to launch in Costa Rica, marking its first expansion into Central America, according to a job posting viewed by Reuters. The company, which is backed by Japanese conglomerate SoftBank, is recruiting for a rider and driver operations associate in the country, according to a job ad on professional networking site LinkedIn. "You will have the opportunity to work in a tight team, where you will launch, build and run DiDi's business in (Central) America and (the) Caribbean," states the job ad, which has not previously been reported.
The U.S. and China may be nearing a tentative, partial trade agreement but the IMF's new leader has warned the trade truce won't be enough to boost global growth. Another ongoing dispute may also be nearing a resolution, with the U.K. and EU agreeing a Brexit deal, though British MPs still have to approve it. But the U.S. has confirmed tariffs on $7.5 billion worth of European goods will take effect on Friday, proving that geopolitical tensions are here to stay.
In some cases -- and by that I mean those for industrial companies that pay dividends -- as prices for those industrial shares moved lower, their dividend yields ticked higher. One of those companies is MSC Industrial , a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. MSC offers more than 1.6 million SKUs through its catalogs, e-commerce channels, and inventory management solutions to every outfit from individual machine shops to Fortune 100 manufacturing companies to government agencies.
A former Credit Suisse Group AG banker told a federal jury in New York that his decision to take millions of dollars in bribes was fueled in part by his secret love affair with a subordinate. Andrew Pearse, 49, admitted he got at least $45 million for his role in arranging $2 billion in loans to companies in Mozambique. He's the U.S. government's first witness in the trial of Jean Boustani, a Privinvest Group salesman who's accused of defrauding U.S. investors.
Wall Street guessed that writedowns from Schlumberger Ltd. were coming, but some analysts were taken aback by the sheer size of the $12.7 billion in pretax charges reported by the oil services company on Friday. The company's earnings report was its first since Chief Executive Officer Olivier Le Peuch took the reins in August. The writedowns led the company to post its largest net quarterly loss in at least a decade.
Facebook Inc. Chief Executive Officer Mark Zuckerberg discusses the social-media company's stance against the censored version of the internet found in China, and role of U.S.-based online companies in promoting free expression. Zuckerberg spoke to students at Georgetown University's Gaston Hall in Washington.
KO Long-Term Chart (1990 – 2019) Coca-Cola stock turned sharply higher after the 1987 market crash, entering a powerful trend advance that posted a long series of new highs into the 1998 peak at $44.47. That marked the highest high for the next 15 years, ahead of an orderly downturn that found support at the 200-month exponential moving average (EMA) in the upper teens in the first quarter of 2003. It tested that support level twice into 2006 and turned higher, missing the majority of the mid-decade bull market.
Benchmark downgraded the shares of Californian cannabis company KuschCo Holdings Inc. (kshb) to speculative buy from buy on Friday, and said it expects the still unexplained vape-related lung illness that has killed at least 33 people and sickened 1,479 more to weigh on financial performance. Analyst Mike Hickey cut his stock price target to $5 from $7 and said "elevated regulatory risk" is another potential pressure for the maker of vapes, packaging and other accessories. "Near term, we are cautious over potential bans on the sale of vaping products, as was the view from Massachusetts that has enacted a 4-month block of all sales of e-cigarettes and supplies, including those for nicotine and cannabis." KushCo shares were down 0.8% in early trade.
Birmingham businesses, individuals and the institutions they borrow money from have been riding the wave of a booming economy for years since the financial crisis. While optimism levels remain high, an inverted yield curve, the Federal Reserve cutting interest rates and trade concerns, among other things, have led to increased talk of a looming slowdown. With experts noting it's always a matter of when – not if – for the next recession, many businesses are already taking steps to prepare for a slowdown.
US stocks on Friday headed slightly lower but benchmarks were set to post a second straight week of gains on quarterly corporate results that have thus far come in better than expected. The Dow Jones Industrial Average (DJIA) off 45 points, or 0.2%, at 26,982 was weighed by a decline in shares of Johnson & Johnson (JNJ) after the blue-chip component and consumer-products and drug company said it was recalling "a single lot" of Johnson's Baby Powder after tests revealed traces of chrysotile asbestos. Meanwhile, other Dow components Coca-Cola shares climbed after the beverage and snacks company matched expectations and sales rise slightly more than anticipated and American Express Co.'s (AXP)shares rose slightly after it also produced better-than-expected results.
Previously, we talked to a human resources founder/CEO in New York City, a behavioral health consultant in Houston, TX, and a social worker in Raleigh, NC. Biggest Salary Negotiation Regret: "When making the transition to my current job, I should have asked for the specific terms and conditions of the benefits. My husband and I were planning to start a family in the near future, and once I was pregnant I learned that the company offered zero full paid-time-off maternity leave.
The move by Olivier Le Peuch reverses his predecessors' big investments that took the world's largest oilfield services company deeper into shale and oilfield operations and shows that he intends to shift the company toward more software and services-driven arms. Excluding the charge, the company's profit beat Wall Street estimates as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America. A cut in spending by oil and gas producers has hit North America pressure pumping business the hardest, forcing rival Halliburton Co to cut 650 jobs across Colorado, Wyoming, New Mexico and North Dakota, while sources told Reuters that ProPetro Holding Corp slashed 150 workers this month.
Joel Haggard, senior vice president for Asia-Pacific at U.S. Meat Export Federation, discusses how the trade war and rising prices are affecting Chinese demand for pork. China, the world's biggest pork producer, saw domestic output of the meat plunge the most since at least 2009 as outbreaks of African swine fever killed hogs and hurt restocking by farms. Haggard speaks with David Ingles, Rishaad Salamat and Yvonne Man on "Bloomberg Markets: Asia."
In the latest blow to Netflix Inc., AMC Theatres, the biggest cinema chain in the world, said Tuesday it is launching a streaming service that will allow members of its loyalty program to rent or buy films and watch them at home, the first such offering from a cinema operator. The 20 million-plus U.S. households that have signed up to the company's AMC Stubs program will be able to access about 2,000 films from every major studio, starting Tuesday. Later in the year the service is slated to be expanded to include films from AMC Networks' (AMCX)IFC Films and RLJE Films.
These stocks are a bit riskier, but they also may be interesting options for investors who don't want to simply "set it and forget it" in stocks that may offer a few percentage points in dividends but little in the way of revenue growth or share appreciation. Here are nine examples of growth stocks offering dividends that may be worth a look. NextEra Energy Partners is an independent firm that owns and operates clean energy projects in the United States.
Investors are losing faith in momentum and pouring billions of dollars into low-volatility stock funds, another sign of increasingly defensive posturing as market confidence deteriorates. The iShares Edge MSCI USA Momentum exchange-traded fund (MTUM) , a good proxy for the equity momentum trade overall, saw inflows for the first eight months of the year, until a violent reversal over the past month, according to an analysis from Ned Davis Research. In fact, investors pulled so much money out of MTUM — $1.2 billion — in the past month alone that it's now down $235 million in the year to date.
Hundreds of thousands of workers with “gold standard” pensions face a new threat to their retirement benefits as major employers eye moving them to less secure collective schemes. Guy Opperman, pensions minister, has confirmed that large companies, still running traditional “final salary” pension plans that offer workers a secure retirement income, have shown interest in downgrading staff to newer collective defined contribution (CDC) arrangements, which leave members with less peace of mind when it comes to their retirement income. The number of members still building benefits in defined benefit schemes has halved from 2.4m in 2010 to 1.2m in 2018, as employers close plans they say are no longer affordable.
Ford has put together what it says is the biggest network for charging electric vehicles in North America. The automaker says more than 12,000 charging locations with more than 35,000 plugs will be available when their Mustang-inspired electric SUV becomes available next year. The charging stations will work for non-Ford vehicles, as well.
Dalio, however, doesn't see a 2008-repeat with a debt crisis, even as the IMF warned this week of the rising levels of corporate debt building up and investors pushing into riskier assets in search of yield. With rates so low around the world, the return on equity has been higher than the cost of borrowing and companies have been able to borrow, paying barely any interest rate, and almost a promise to never have to pay the principal back because they could just role over the debt, Dalio said. When you look at that, you say that's wild,” he added.
It may start with withdrawing a few hundred dollars from a bank account, then build to repeated requests for money. Such exploitation may include misusing a power of attorney, denying an elderly person access to his or her own money and withdrawing money out of a senior's bank account, according to an AARP research report called "The Thief Who Knows You: The Cost of Elder Exploitation Examined." The Virginia Tech Center for Gerontology worked as a partner on the project.
Atlassian earnings and revenue topped fiscal first-quarter analyst estimates on Thursday, while the company's profit forecast edged by Wall Street targets. Atlassian stock initially fell in extended trading, then reversed and turned up. The enterprise software maker's earnings rose 40% vs. a year earlier to 28 cents a share adjusted.
In his second "Executive Decision" segment of his Mad Money program Wednesday night, Jim Cramer spoke with Melissa Smith, chairman and CEO of WEX Inc. , the payment systems operator that is also working hard to make sure Americans better understand their health savings accounts. Smith explained that HSAs are a great way to save and defer taxes on medical-related payments. Turning to the topic of their business, Smith said business volumes at WEX remain strong and their new deals with Chevron and Shell are proof of that.
Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader. Many of these large options traders are wealthy individuals or institutions who may have unique information or theses related to the underlying stock.