1,060.08 -9.65 (-0.90%)
Pre-Market: 9:13AM EDT
|Bid||1,060.00 x 1000|
|Ask||1,062.49 x 1000|
|Day's Range||1,066.69 - 1,086.31|
|52 Week Range||894.79 - 1,186.89|
|PE Ratio (TTM)||59.44|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Investing in “sustainable” companies is helping The Brown Advisory Large-Cap Sustainable Growth fund (BAWAX) deliver big returns, but you won’t find windmill and solar panel makers in this portfolio. Under the guidance of co-managers Karina Funk and David Powell, the fund delivered a 28% return in 2017, outperforming the S&P 500 Index’s 19% advance. “We look for compelling customer value propositions across the entire economy,” Funk explains in the above video.
AT&T (T) plans to get its Mexico unit out of the red this year, but its priority is also closing its pending acquisition of Time Warner (TWX). The court’s decision on whether AT&T can close the acquisition is expected by June 12. The United States Department of Justice (or DOJ) filed a lawsuit to block AT&T from acquiring Time Warner, saying a merger of the two companies would hurt consumers through higher pay-TV prices or limited television choices.
Sign up here for The Morning Download, and get the most important news in business technology emailed to you each weekday morning. Subscribe to WSJ Pro Cybersecurity for in-depth coverage on cybersecurity trends, breaches and best practices. .’s Google illustrate dramatic shifts in the evolving conversation between humans and machines.
Seattle levied an annual tax of about $50 million on big companies last week to help solve the city's homeless problem. The tax was watered down from the original proposal but it was controversial and pitted the city against its most powerful corporate resident, Amazon.com Inc. Now the action moves to Silicon Valley and the Bay Area. San Francisco, Mountain View, Cupertino and East Palo Alto are all considering similar taxes on large local employers (read:tech companies) to offset growing inequality and overcrowding they blame on the industry that turned them into boomtowns.
Acer Inc will unveil its first line of high-end laptops running Google's Chrome OS on Wednesday, an executive told Reuters, as the computer maker looks to help Google in its effort to win over business users after taking the U.S. education market by storm. Chromebooks, as the devices are called, are known for running cloud-based applications and storing data online. Devices made by Acer, HP Inc, Dell Inc and others, including Google itself, have taken nearly 60 percent of the U.S. grade-school market in the seven or so years since they appeared.
Google has been inadvertently revealing the names of rape victims that should remain secret. Victims in rape cases are supposed to remain confidential forever, even if the accused is found not guilty. Google has admitted that the illegal information was shown, but said it would work to stop them showing in the future.
How lucky it is to be Micron Technology Inc. (NASDAQ:MU) right now. Think about gaming and artificial intelligence — all the fast-twitch services that are replacing simple searching and information accessing. Micron and its memory chips are at the sweet spot of all this, but even after an historic run-up since the end of December 2015 — the stock price jumping from $10.50 per share to the May 21 market open of nearly $55 — it’s still trading at just 8.4 times earnings.
Among high-volume sectors, the technology market, overall, has been unusually choppy. The benchmark Technology Select Sector SPRD Fund (NYSEARCA:XLK) was down more than 3% at one point. As we entered the spring season, it wasn’t clear which direction tech stocks would take.
Fidelity National, also known as FIS, is a bank-technology provider. Mr. Norcross has led the Jacksonville, Fla.-based company since January 2015. The company’s total shareholder return, which reflects share-price appreciation and dividends, was 26% last year.