U.S. Markets close in 4 hrs 21 mins

News Bites: London “terrorist” attack, Italy bridge collapse, California wildfire kills firefighter

Here’s a quick wrap up of other headlines making news today.

  • Why W. R. Grace & Co. (NYSE:GRA) Is An Attractive Investment To Consider
    Business
    Simply Wall St.

    Why W. R. Grace & Co. (NYSE:GRA) Is An Attractive Investment To Consider

    I've been keeping an eye on W. R. Grace & Co. (NYSE:GRA) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe GRA has a lot to offer. Basically, it has a a strong track record of performance as well as an optimistic future outlook going forward.

  • Why Encompass Health Corporation's (NYSE:EHC) High P/E Ratio Isn't Necessarily A Bad Thing
    Business
    Simply Wall St.

    Why Encompass Health Corporation's (NYSE:EHC) High P/E Ratio Isn't Necessarily A Bad Thing

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Encompass Health Corporation's (NYSE:EHC) P/E ratio and reflect on what it tells us about the company's share price. Looking at earnings over the last twelve months, Encompass Health has a P/E ratio of 20.28.

  • World
    Financial Times

    Eddie Stobart warns on profits as it confirms talks with lenders

    Eddie Stobart warned its full-year operating profit would be “significantly below the board's expectations” as it revealed it was in talks with its lenders and considering plans to raise new equity. The UK trucking group backed by troubled stockpicker Neil Woodford said on Monday that the cost of preparations for new contracts it had won amid revenue growth of almost 20 per cent a year had placed “substantial demands on the group's working capital”. Eddie Stobart, whose green and red lorries are a common sight on Britain's roads, has had a tough few months in which it has admitted an accounting error, issued a profit warning and had trading in its shares suspended.

  • Fannie Mae and Freddie Mac Won't Go to Market Until End of 2020, FHFA Director Says
    Business
    Bloomberg

    Fannie Mae and Freddie Mac Won't Go to Market Until End of 2020, FHFA Director Says

    Federal Housing Finance Agency Director Mark Calabria discusses the outlook for Fannie Mae and Freddie Mac with Bloomberg's Vonnie Quinn on "Bloomberg Markets."

  • Business
    Barrons.com

    Bloom Energy Stock Is Plunging After a Short Seller Called It the Next Dead Unicorn

    (BE) stock hit $38 last year, as Wall Street extolled the company as the first profitable manufacturer of clean-energy fuel cells. The company's on-site power generators were revolutionizing the power grid, said Morgan Stanley's Stephen Byrd, as he recommended the stock a month after his firm helped lead Bloom's $320 million initial offering. After sales stalled, Bloom stock (ticker: BE) sank this year to four bucks.

  • GE, Engine Rivals Eye Contest To Extend This Cold War Icon's Life
    Business
    Investor's Business Daily

    GE, Engine Rivals Eye Contest To Extend This Cold War Icon's Life

    The Pentagon is about fire the starting gun on a race that should see General Electric, United Technologies and Rolls-Royce vie to put new engines on Boeing B-52 bombers. GE stock dipped. The Air Force is hoping to release a request for proposals (RFP) for new B-52 bomber engines by year end, Defense News said Monday. The contract could be worth $5 billion-$7 billion, if the Air Force replaces all engines on its fleet of 75 B-52s, which are having their service life extended.

  • P&G manager to paddleboard 57 miles nonstop
    World
    American City Business Journals

    P&G manager to paddleboard 57 miles nonstop

    This paddle across Scotland will be by far the furthest I have ever paddled,” said Angell, who noted that every year he participates in the Chattajack 31-mile race in Tennessee. With the open waters of Loch Ness, Loch Oich and Loch Lochy, as well as paddling some of the distance in the dark, I can expect some challenging conditions that I haven't experienced before. He hopes to raise $1,200 by participating in the Great Glen Challenge, inspired by his niece, Megan, who lives with Type 1 diabetes.

  • KHC Stock: 3G Capital Trims Stake, Will Buffett Follow?
    Business
    Market Realist

    KHC Stock: 3G Capital Trims Stake, Will Buffett Follow?

    Kraft Heinz (KHC) stock fell about 4% in the pre-market session. G Capital Partners continued to reduce its stake in the company. According to the regulatory filing on Monday, 3G capital sold 25,068,657 shares or about 25.1 million of Kraft Heinz for $28.44.

  • Garmin Shares See Big Money Buy Signals
    Business
    Investopedia

    Garmin Shares See Big Money Buy Signals

    Just to show you what our big money activity signals look like, have a look at all of the big money (unusual institutional) signals Garmin stock has made over the past year. Focusing on 2019, you can see a lot of buy signals (green) that line up with a lift in the shares. This is exactly the kind of setup we look for at our research firm.

  • Why The Toronto-Dominion Bank's (TSE:TD) CEO Pay Matters To You
    Business
    Simply Wall St.

    Why The Toronto-Dominion Bank's (TSE:TD) CEO Pay Matters To You

    Bharat Masrani became the CEO of The Toronto-Dominion Bank (TSE:TD) in 2014. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. The aim of all this is to consider the appropriateness of CEO pay levels.

  • United Airlines beefing up flight schedule for 2020 Consumer Electronics Show
    Business
    American City Business Journals

    United Airlines beefing up flight schedule for 2020 Consumer Electronics Show

    United Airlines is adding new flights and at least 11,000 seats on routes to Las Vegas, which is hosting the 2020 Consumer Electronics Show (CES). The additional flights to the CES will operate from key United hubs. Altogether United expects to operate 53 daily flights to Las Vegas from Jan. 5 to 11.

  • The Simple Strategy Fueling the Rise of Bill Gates’s Fortune
    Business
    Bloomberg

    The Simple Strategy Fueling the Rise of Bill Gates’s Fortune

    That's helped Gates add $16 billion to his net worth this year, taking his wealth to $106 billion, behind only Jeff Bezos on the Bloomberg Billionaires Index, even as his charitable donations have topped $35 billion. The Gates fortune had about $60 billion of equity assets as of Monday, according to data compiled by Bloomberg. By comparison, the average family office portfolio in North America held about 32% of its assets in equities in 2018, according to Campden Wealth's 2018 global family office report.

  • Why U.S. GM Workers Are Striking for the First Time Since 2007
    Business
    Meredith Videos

    Why U.S. GM Workers Are Striking for the First Time Since 2007

    They picketed outside of the General Motors Detroit-Hamtramck assembly plant.

  • Exclusive: Saudi oil output to return faster than first thought - sources
    Business
    Reuters

    Exclusive: Saudi oil output to return faster than first thought - sources

    Saudi Arabia's oil output will be fully restored quicker than thought following weekend attacks on production facilities, two sources briefed on developments said on Tuesday, taking two or three weeks not months as initial indications suggested. The kingdom is close to restoring 70% of the 5.7 million barrels per day (bpd) production lost due to the attacks, said one of the sources, a top Saudi official briefed on progress. That source said state-run Saudi Aramco's output would be fully back online in the next two to three weeks.

  • News
    U.S.News & World Report

    The High Cost of Long-Term Care Insurance (and What to Use Instead)

    Long-term care insurance is coverage that will pay for assisted living, nursing home care or home health care in the event you are unable to care for yourself because of a chronic condition or disability. Long-term health insurance can be a smart purchase when you consider that 70% of those turning age 65 today will need some type of long-term care, according to the U.S. Department of Health and Human Services. For instance, according to the industry group American Association of Long-Term Care Insurance, a 65-year-old couple can purchase a policy for $4,800 per year that will give them base benefits of $180,000 plus 3% inflation growth.

  • AT&T Is New. It Needs a New Type of CEO.
    Business
    Bloomberg

    AT&T Is New. It Needs a New Type of CEO.

    CEO Randall Stephenson, who transformed AT&T by acquiring pay-TV and media assets such as HBO, is now eyeing retirement. It raises the question of whether the man who appears to be the next in line – John Stankey, another three-decade veteran of the phone business – is the right person for the job. Stephenson, who has been at the helm since June 2007, is interested in stepping down as soon as next year, the Wall Street Journal reported Friday, citing unnamed sources.

  • Do Institutions Own Shares In RigNet, Inc. (NASDAQ:RNET)?
    Business
    Simply Wall St.

    Do Institutions Own Shares In RigNet, Inc. (NASDAQ:RNET)?

    If you want to know who really controls RigNet, Inc. (NASDAQ:RNET), then you'll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. With a market capitalization of US$174m, RigNet is a small cap stock, so it might not be well known by many institutional investors.

  • Is Insperity, Inc.'s (NYSE:NSP) CEO Paid At A Competitive Rate?
    Business
    Simply Wall St.

    Is Insperity, Inc.'s (NYSE:NSP) CEO Paid At A Competitive Rate?

    Paul Sarvadi became the CEO of Insperity, Inc. (NYSE:NSP) in 1989. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Our data indicates that Insperity, Inc. is worth US$4.2b, and total annual CEO compensation is US$7.2m.

  • Shopify: Was Jim Cramer Right in Selling the Stock?
    Business
    Market Realist

    Shopify: Was Jim Cramer Right in Selling the Stock?

    Jim Cramer, the widely-known host of CNBC's Mad Money, recently disclosed his position on Shopify (SHOP) stock. Following Cramer's sale, the stock reached its 52-week high of $409.61 on August 27. The stock also fell more than 5% after hours on Monday and finished at $321.00 after it announced a new secondary stock offering.

  • ‘Thriving’ US Steel Companies Face Moment of Truth
    Business
    Market Realist

    ‘Thriving’ US Steel Companies Face Moment of Truth

    Yesterday, Nucor released its third-quarter earnings guidance, which was below expectations. U.S. Steel Corporation is set to release its third-quarter guidance shortly. Most steel companies usually release their earnings guidance roughly two weeks before the end of the quarter.

  • Business
    Fox Business

    Nexstar-Tribune merger receives FCC approval

    Nexstar is on track to become the U.S.'s largest local television station company after the Federal Communication Commission approved its $4.1 billion all-cash bid to acquire Tribune Media. The FCC voted 3-2 along party lines to approve the merger, which was first announced in Dec. 2018. In order to comply with FCC rules regarding television station ownership, Nexstar has agreements in place to sell a total of 21 local television stations to Tegna, Scripps and Circle City Broadcasting.

  • Business
    Bloomberg

    Uber, Lyft Drivers Protest Stalls Traffic in New York

    The drivers were on their way to Gracie Mansion, the mayor's official residence, to ask the city to do more to protect drivers, NY1 reported. Uber's move to restrict the number of drivers who can go online at one time in low-demand areas is in response to city regulations. “We have said for months that the unintended consequence of regulations will be less driver flexibility, and the changes to the app are a direct result of the Mayor's regulations,” Uber spokesman Harry Hartfield said on the phone to Bloomberg.

  • Broadcom CEO: Q3 Views on the Semiconductor Industry
    Business
    Market Realist

    Broadcom CEO: Q3 Views on the Semiconductor Industry

    Broadcom (AVGO) is a technology infrastructure company with a broad portfolio of connectivity and enterprise software solutions. Its leadership position in the communications chip markets makes it a barometer for the health of the communications chips market. During its Q3 of fiscal 2019 earnings statement, Broadcom CEO Hock Tan noted that semiconductor demand has “bottomed out but will continue to remain at these levels due to the current uncertain environment." Within the semiconductor segment, storage and broadband chip sales are slowing, but networking and wireless chip sales are “relatively upbeat.” In this article, we will explore what the Broadcom CEO means with respect to various semiconductor investors.

  • Does Market Volatility Impact Blue Apron Holdings, Inc.'s (NYSE:APRN) Share Price?
    Business
    Simply Wall St.

    Does Market Volatility Impact Blue Apron Holdings, Inc.'s (NYSE:APRN) Share Price?

    A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price. What we can learn from APRN's beta value As it happens, Blue Apron Holdings has a five year beta of 1.04.

  • Business
    MarketWatch

    Bloom Energy's stock tumbles toward record low after short seller Hindenburg Research takes aim

    Shares of Bloom Energy Corp. (be) plunged 22% toward a record low, after short seller Hindenburg Research said it had uncovered an estimated $2.2 billion in undisclosed serving liabilities. "Bloom's tricky accounting allows it to mask servicing costs and shift write-downs to other periods, thereby avoiding recognizing major recent additional losses," Hindenburg wrote in a research note. "We believe that large debt maturities in 2020 and 2021, amounting to nearly $520 million, make Bloom Energy an obvious bankruptcy candidate." Bloom was not immediately available to comment.