Sharif Sakr, senior European editor at Engadget, describes Blackberry's quarterly results as "more than bad", due to disappointing sales of its new Blackberry 10 device.
GE also said in a statement that it will deliver 80 modernized locomotives previously ordered by Canadian Pacific railway Co and 100 to Norfolk Southern Corp in 2018. General Electric Chief Executive Officer John Flannery said in November that GE would exit at least $20 billion in operations to improve its financial performance. GE will make varying upgrades to aging locomotives - some more than 20 years old - such as improvements to control systems or electrical circuitry.
They told me I had 15 minutes with Quentin Tarantino. “Quentin’s going to meet with you in a coffee shop,” my agent said. “A coffee shop?” “It’s to see whether or not he likes you,” she said. “Then he’ll let you know if he wants to see you for the
It’s been a big year for free speech at the Supreme Court. Two of the most high-profile cases argued before the court so far have revolved around free speech rights, four other cases on the docket this term involve free speech questions, and yet another case where the issue is paramount greets the court on Tuesday. The court today is hearing arguments on whether the state of California is trampling on the free speech rights of crisis pregnancy centers — nonprofit organizations that do not perform abortions and encourage women to seek alternatives to the procedure — by requiring them to post notices explaining patients’ ability to access abortion and other medical services. In December, attorneys for a baker at Masterpiece Cakeshop in Colorado argued that a state anti-discrimination law violates his free speech rights as a self-described cake artist by requiring him to make a wedding cake for a gay couple.
Working remotely is an increasingly popular option for many people, given how expensive it can be to live where many of the jobs are. But can you earn enough to get by while working from home? To help you find out, career-advice website FlexJobs, using data from salary and compensation site PayScale, compiled a list of the 14 most common remote jobs in their database and their average pay. Some of the salaries exceed $57,617 a year, which is the U.S. median household income. The No. 1 most common remote job, in fact, pays almost $90,000 a year on average. While some of the job titles on the list, like "nurse" or "teacher," may sound more like conventional in-person positions, FlexJob is drawing
Ever since the Federal Energy Regulatory Commission announced a ruling that prevents some master limited partnerships from using an important tax allowance, analysts have been defending the stocks, not that it has mattered. Maybe it's because the situation is more complicated than it seems? That appears the case. In a note today, East Daley Capital’s Justin Carlson tried to parse the impact on various MLPs. He classifies Tallgrass (TEP), Energy Transfer Partners (ETP) and Enable Partners (ENBL) among those with minimal exposure, although they've each suffered large drops this week. Oneok (OKE) , meanwhile, has three pipelines with “significant” exposure, but those make up just a small percentage
An Indian company that is partnering with the Trump Organization on an office tower project has been accused of running an elaborate real estate swindle that cheated investors out of nearly $150 million, according to complaints filed with Indian authorities. Ramesh Sanka, the former CEO of the real estate firm IREO, said in the documents obtained by The Associated Press that he saw "various acts of cheating, fraud and misappropriation of money" at his onetime employer that created "huge wrongful gains" for the company's managing director and his associates. The documents make no mention of the Trump Organization, and focus largely on two real estate deals that began years before the organization signed a 2016 agreement with IREO to partner on an office tower in Gurgaon, outside New Delhi.
Below, I'll explain why I think Oaktree Capital Group (NYSE: OAK) and Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) are two of the best companies to buy in turbulent markets. Oaktree Capital Group earns its income managing other people's money. Oaktree runs many different types of funds, but distressed debt is its specialty.
Over the weekend, news broke that a data firm known Cambridge Analytica used Facebook to harvest 50 million user profiles illegitimately, which was used to target voters during Trump's 2016 campaign for the US presidency, as well as the Brexit Leave campaign. Users are taking to Twitter to express their anger at the irresponsible use of their data, using the hashtag #DeleteFacebook.
The past two months have been remarkably turbulent for investors, at least compared to last year's steady stock market incline. Over a span of six days in February, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), which is nearing its 122nd birthday, logged three of its eight worst single-day point declines in history: a 1,175-point shellacking, a 1,033-point plunge, and a 666-point drop. The result of this volatility is that the Dow and broader-based S&P 500 (SNPINDEX: ^GSPC) have undergone their first stock market correction in two years.
Some people search high and low for tax deductions. But making them up–or artificially enhancing the ones you have–isn’t exactly keeping to the straight and narrow. Indeed, the IRS this year has specifically cautioned people about what it calls padding deductions. The IRS warns to avoid the temptation to falsely inflate deductions or expenses. In fact, the IRS includes the issue on its 2018 Dirty Dozen list of tax scams. In the IRS’s words, the majority of taxpayers file honest and accurate tax returns each year. However, as the IRS puts it, each year some people “fudge” their information. Falsely claiming deductions, expenses or credits on tax returns is serious, regardless of their type. The
Last Thursday, Sears Holdings (NASDAQ: SHLD) reported fourth-quarter results that were better than some analysts feared. There's no sign yet that Sears Holdings is approaching profitability in any meaningful sense. Sears Holdings' fourth-quarter adjusted EBITDA of $2 million was roughly in line with the updated guidance that the company published in mid-February, and it was a $63 million year-over-year improvement.
Steve and Elaine Wynn have taken a big step toward selling their stakes in Wynn Resorts (NASDAQ: WYNN), the gaming company they founded nearly two decades ago. This will free either of the Wynns to sell their respective stakes in Wynn Resorts, which adds up to 21% of the company. Elaine Wynn has been trying to break free of this agreement for years, while Steve Wynn has been trying to tighten his control of the company.
Economist and “Discrimination and Disparities” author Thomas Sowell discusses how policy changes to fix economic issues often lead to new problems.
President Donald Trump’s new lawyer once argued that sitting presidents can’t be indicted, a key constitutional question facing special counsel Robert Mueller’s team. Trump’s pick of longtime Washington lawyer Joseph diGenova drew attention because he has aggressively argued in television appearances that the FBI and the Justice Department are framing the president. “Nobody should underestimate the upheaval that a prosecution of the president would cause,” he wrote in a March 6, 1997 piece published when independent counsel Kenneth Starr was only investigating financial irregularities in the Whitewater scandal and Clinton’s affair with a White House intern had not yet come to light.
Broadcom(NASDAQ: AVGO) recently abandoned its hostile bid for Qualcomm (NASDAQ: QCOM) after President Trump blocked the deal on security concerns. On its own, Qualcomm faces tough headwinds -- regulators and OEMs are attacking its licensing business, and the approval of its planned buyout of NXP (NASDAQ: NXPI) remains stuck in regulatory limbo in China.
Alibaba is a market darling technology company, but notoriety doesn't make a company a great investment. Below are two lesser-known stocks that have the potential to beat its performance and one boring industrial company that has already achieved that outperformance -- with more of the same likely in the future. Read on to find out why our Foolish investors like Fitbit, Inc. (NYSE: FIT), Amarin Corporation (NASDAQ: AMRN), and A.O. Smith Corporation (NYSE: AOS).
Former FBI Deputy Director Andrew McCabe was fired on March 16 — two days before his retirement. Now McCabe may not be able to receive his pension benefits for at least five years. A pension is a defined benefit retirement plan most commonly seen for US government employees, in which an employee contributes to the plan during their tenure and an employer guarantees a post-retirement payout.
Shares of a software company that bought assets of Hewlett Packard Enterprise (HPE) toppled more than 50 percent on Monday after the company cut its revenue forecast and its chief executive resigned. U.K.-based Micro Focus International said it now expects revenue to fall anywhere between 6 and 9 percent for the twelve months ending October 31, 2018, significantly lower than the 2 to 4 percent decline it predicted in its interim January results. This was due largely to "one-off transitional effects" of the firm's $8.8 billion takeover of HPE's software assets last year, and issues associated with the implementation of a new IT system, Micro Focus said. HPE was formed in late 2015 as a result of the split of HP into two companies.
Bitcoin (BTC-USD) and most other cryptocurrencies had an extremely volatile weekend. Here's a rundown of today's cryptocurrency prices, the news item that caused this weekend's drop, and the comments that triggered the rapid rebound. As I mentioned, most cryptocurrencies are in positive territory on Monday, with all of the top 10 higher.
Opportunity and peril in Tesla’s stock are ahead. Let’s explore the issue with a chart. Chart Please click here for an annotated chart of Tesla TSLA, -0.96% stock. Please observe the following from the chart: • The chart shows a key psychological level of $300 drawn in white. • The chart shows a support zone drawn in yellow around the key psychological level. • The chart shows Tesla Whac-a-Mole. Lately when there is bad news for Tesla, buyers step in around $300, often driving the stock higher. In the past month, investors drove the stock to $357. • The chart shows that Tesla’s stock is below the 200-day moving average. There is no magic by itself to the 200-day moving average. However, many
The chief executive of data mining firm Cambridge Analytica told a reporter posing as a potential client that his company played a big role in getting Donald Trump elected, a British news program revealed Tuesday. The broadcaster aired the comments as Cambridge Analytica's board of directors announced Nix's immediate suspension pending an independent investigation. The board cited recent allegations by a former employee that the firm improperly used information from more than 50 million Facebook accounts to help Trump , as well as unguarded comments Nix made during his meeting with the journalist he thought was a client.
Warren Buffett is giving Berkshire Hathaway shareholders an amazing deal for his services. In a world where Wall Street firms give lavish compensation to their managers even as many underperform the stock market, the Oracle of Omaha gets paid just $100,000 in salary per year. "Due to Mr. Buffett's and Mr. Munger's desire that their compensation remain unchanged, the Committee has not proposed an increase in Mr. Buffett's or Mr. Munger's compensation," Berkshire Hathaway said in a securities filing Friday. The company said Buffett's compensation hasn't changed in more than 25 years. Meanwhile, Buffett manages Berkshire's $170 billion stock portfolio and guided the company's market value to a 20.9
The Weinstein Co. filed for bankruptcy protection on Monday with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein, shook Hollywood and triggered a movement that spread out to convulse other industries. The company also announced it was releasing any victims of or witnesses to Weinstein's alleged misconduct from non-disclosure agreements preventing them from speaking out. "Since October, it has been reported that Harvey Weinstein used non-disclosure agreements as a secret weapon to silence his accusers.
The biotech industry is well known as a minefield for investors. For a company to succeed, it needs strong compounds or proceedures that make a difference in treating or curing diseases, and it needs the financial backing to see its products through clinical trials to eventually reach the market. Keith Speights (Celgene): It wasn't too long ago that Celgene was a darling in the investment community.
Shares of MuleSoft were briefly halted on Tuesday after news reports that the company is in advanced talks to sell itself to Salesforce. Shares of MuleSoft, were briefly halted on Tuesday after Reuters reported that the company was in advanced talks to sell itself to Salesforce. By the end of the day, Salesforce announced the deal.