Finance

Arby's to buy Buffalo Wild Wings for $2.9bn

The agreement is the latest in a trend of private equity firms buying out chain restaurants. The offer represented, as of 13 November when merger reports first started hitting the trading floors, a premium of 38%. "We look forward to leveraging the combined strengths of both organizations into a truly differentiated and transformative multi-brand restaurant company". [Full Article...]

Mercedes CLS: Cheeky Peak At The Interior

Mercedes CLS: Cheeky Peak At The Interior Another teaser of the all-new Mercedes-Benz CLS has been handed out. Looking a lot less individual than the CLS did when it first arrived, the new CLS is a sort of smoothed-out, grown up four-door coupe with much stronger overtones of the E-Class. [Full Article...]

Judge rules in favor of Trump's choice to lead watchdog bureau

Judge rules in favor of Trump's choice to lead watchdog bureau Trump is attempting to deliver "a double kiss to Wall Street this week" by "trying to push forward tax reform that gives a trillion and a half dollars in tax cuts to giant corporations and at the same time, trying to hollow out the Consumer Financial Protection Bureau", Warren argued . [Full Article...]

Judge Grants Waymo's Request To Postpone Trade Secret Trial Against Uber

Judge Grants Waymo's Request To Postpone Trade Secret Trial Against Uber Alsup voiced his own concern over what he called potentially criminal conduct involving a hidden system of messaging at Uber. An Uber Technologies Inc . Jacobs said that Uber reached a $4.5 million settlement, including a consulting contract, after he was sacked. Anthony Levandowski, an engineer who left Waymo to spearhead Uber's self-driving auto unit, allegedly stole thousands of confidential... [Full Article...]

Planes damaged after wings touch at Kennedy Airport

Planes damaged after wings touch at Kennedy Airport The flights had been scheduled to leave at 6:30 p.m. for Cairo and London, respectively. A Virgin Atlantic spokesperson said tail number G-VRAY, operating as VS4 from NY to London Heathrow, was "stationary" at a runway hold position when the collision occurred. [Full Article...]

Barracuda Networks is sold to Thoma Bravo for $1.6 billion

Barracuda Networks is sold to Thoma Bravo for $1.6 billion Over the past month the firm's stock is 1.98%, 4.41% for the last quarter, 5.62% for the past six-months and -1.33% for the a year ago. Victory Capital Management Inc. The business's revenue was up 7.3% compared to the same quarter a year ago. After $0.06 actual earnings per share reported by Barracuda Networks Inc for the previous quarter, Wall Street now forecasts 16.67% EPS growth. [Full Article...]

Scotiabank Q4 Results Rise, But Miss Estimates; Declares Dividend

Scotiabank Q4 Results Rise, But Miss Estimates; Declares Dividend Scotia's Canadian banking profit rose 12 per cent in the fourth quarter to $1.07 billion, with much of that growth coming from a one-time gain tied to the sale of its HollisWealth unit earlier this year. Scotiabank has offered to acquire BBVA's interests in BBVA Chile, and certain subsidiaries, for approximately US$2.2 billion (CAD$2.9 billion). "In 2017, we made further progress against our s... [Full Article...]

Passengers stranded after NYC Ferry gets stuck on sandbar off Wall St.

Passengers stranded after NYC Ferry gets stuck on sandbar off Wall St. Roughly 100 passengers are rescued after a New York City ferry becomes lodged on a sandbar off Wall Street. "There was a slight hole in the hull, nothing major, nothing to where the boat would sink", said FDNY Chief John Sarrocco. "It was wonderful", Mahoney said. Police and fire rescue units responded to assist in the rescues. "We're alive and well and dry", one passenger said. [Full Article...]

Research Report for Investors: Marvell Technology Group Ltd. (NASDAQ:MRVL)

Analysts are also projecting an Average Revenue Estimate for Marvell Technology Group Ltd .as $612800 in the Current Quarter. It has outperformed by 47.84% the S&P500. The Fund's investment objective is to seek a high level of current return consisting of dividends, interest and other similar income while attempting to preserve capital. [Full Article...]

OECD Says Global Growth Strengthening But Challenges Remain

OECD Says Global Growth Strengthening But Challenges Remain The OECD's forecasts were weaker than growth projections of 1.4 and 1.3 percent for 2018 and 2019 announced last week by Britain's official budget forecasters. But it would still be the weakest of the 19 countries covered by the OECD with the sole exception of South Africa, which is projected to grow by 1 per cent next year. [Full Article...]

Fox Entertainment Group Inc (NASDAQ:FOX) Q2 2017 Sentiment Report

Capital Research Global Investors increased its holdings in Twenty-First Century Fox by 20.2% in the second quarter. Volatility on a weekly basis sums at 3.19% * together with the monthly volatility of 3.69% *. (NASDAQ FOX) traded down $0.08 during trading hours on Monday, hitting $29.70. What is Wall Street saying about Twenty-First Century Fox , Inc. The company has a quick ratio of 1.73, a... [Full Article...]

Goldman Sachs Says That BP Midstream (BPMP) Has $22 Stock Target

Goldman Sachs Says That BP Midstream (BPMP) Has $22 Stock Target The rating was upgraded by Stifel Nicolaus on Sunday, August 13 to "Buy". The rating was initiated by Evercore on Friday, September 8 with "Outperform". Northern Trust invested in 0.23% or 7.09M shares. Alliancebernstein LP has invested 0% in EQT Midstream Partners LP (NYSE:EQM). Millennium Management Limited Liability Corp invested in 0.12% or 579,864 shares. [Full Article...]

Enbridge reaches deal with MI on underwater Great Lakes pipeline

Enbridge reaches deal with MI on underwater Great Lakes pipeline Although the federal government regulates oil pipelines, MI owns the lake bottom and granted an easement to the company allowing the pipeline to go there. "Instead of shutting down this unsafe pipeline, our state leaders continue to place an enormous amount of trust in Enbridge to operate it responsibly — even while the company continues to repeatedly break that trust", said Lisa Wozniak, execut... [Full Article...]

#GivingTuesday: How to get involved with Bay Area charities

#GivingTuesday: How to get involved with Bay Area charities Now, it's time for Giving Tuesday. "Our residents support so many worthwhile organizations across the Birmingham metro area". The BBB has helpful tips to consider when choosing where to donate your hard-earned money. Do not allow any charity to pressure you into donating on-the-spot. Don't be swayed by emotional appeals . "It's almost impossible to honestly evaluate charities that don't dis... [Full Article...]

U.S. retailers claim Black Friday victory

U.S. retailers claim Black Friday victory However, Black Friday's record $5 billion in online sales reflect consumer confidence is at its highest point. It was also a very mobile shopping spree this year with over half of e-commerce traffic coming through smartphones or tablets for the first time. [Full Article...]

Tumblr's David Karp to leave Yahoo's new Oath

Tumblr's David Karp to leave Yahoo's new Oath He thanked Tumblr staff, and said his decision comes after months of reflection on his personal ambitions. If you've considered yourself an avid Tumblr user at any point since the site's inception back in 2007, you've probably heard of the microblogging platform's CEO and founder, David Karp . [Full Article...]

Lloyds, RBS, Barclays and HSBC pass Bank of England's stress test

Lloyds, RBS, Barclays and HSBC pass Bank of England's stress test Barclays and Royal Bank of Scotland failed the test on this basis, but do not need to raise extra capital now as they increased capital during the course of year. "As a result, the FPC judges the United Kingdom banking system could continue to support the real economy through a disorderly Brexit ". The Bank's stress tests results showed the UK's banking system could cope with an extreme ec... [Full Article...]

Action News checks out Cyber Monday deals

Action News checks out Cyber Monday deals This year, Forbes predicts that Cyber Monday will again pull in huge holiday sales figures at around $3.81 billion, with mobile sales accounting for $1.24 billion of that. If a deal appears to be too good to be true, it probably is. If the only way to contact it is via email, that's a red flag. "If it's in your basket, they will recognize that you want it and you may be offered a discount or a dea... [Full Article...]

TRAI releases recommendations on Net Neutrality

TRAI releases recommendations on Net Neutrality Telecom operators have been asking the government to bring over-the-top (OTT) players like Skype, WhatsApp, Viber under regulation as they are making a dent in their revenues, while internet-based service providers oppose this. The TRAI also recommended an industry-level body including all the stakeholders such as telecom service providers, NGOs, consumer representatives and others for its monitor... [Full Article...]

The Amazon.com, Inc. (AMZN) Given Outperform Rating at Robert W. Baird

The Amazon.com, Inc. (AMZN) Given Outperform Rating at Robert W. Baird As per Friday, June 16, the company rating was maintained by Jefferies. Jefferies maintained Orbotech Ltd (NASDAQ:ORBK) on Wednesday, August 2 with "Buy" rating. Its down 0.34, from 1.7 in 2017Q1. It dropped, as 64 investors sold AMZN shares while 542 reduced holdings. 108 funds opened positions while 357 raised stakes. [Full Article...]


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