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Staples ETFs Miss Out On Some Pension Help
Tuesday, December 20, 2016 - 11:41am | 554The Consumer Staples Select Sect. SPDR (ETF) (NYSE: XLP) and other traditional consumer staples exchange-traded funds have recently been scuffling on concerns that the sector is pricey on valuation and in anticipation of the Federal Reserve's first interest rate hike of 2016. The Fed proceeded...
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Here Are The Big Endorsements For Each Candidate
Monday, November 7, 2016 - 5:59pm | 596Not all presidential endorsements are created equal. Last week, a KKK paper has endorsed Donald Trump. His campaign called the endorsement “repulsive.” With the election just a day away, newspaper editorial boards have been rolling out the endorsements right and left. Notable Hillary...
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Gannett Ends Tronc Merger Talks: What's That Mean For The News Industry?
Wednesday, November 2, 2016 - 10:11am | 819After a seven-month courtship that veered from strong affinity to acrimonious mud-slinging, Gannett Co Inc (NYSE: GCI) called off its merger talks with tronc Inc (NASDAQ: TRNC). Checkered M&A Move The initial move was made in April, and upon hitting rough weather, Gannett went public with an...
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Taser Competitors Complain Of Law Enforcement 'Piggybacking' Contract Process
Monday, January 25, 2016 - 11:33am | 352The Los Angeles Police Department has already communicated its desire to equip its force with body cameras. The Los Angeles Times described the initiative as "transformative" and will "set a standard for major enforcement agencies across the nation." However, there is at least...
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American Apparel OTC Shares Surge On $300 Million Takeover Bid
Tuesday, January 12, 2016 - 9:08am | 224Shares of OTC-listed American Apparel Inc (OTC: APPCQ) surged higher by more than 17 percent on January 8 after various media sources reported that the company's ousted CEO, Dov Charney, is teaming up with investors to regain control of the company through an acquisition. See Also: Ex-...
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Shopify Expands Buy Button Test With Facebook
Thursday, June 11, 2015 - 12:56pm | 484Shopify Inc (NYSE: SHOP) is expanding a test for its merchants of a so-called "buy button" feature on Facebook Inc (NASDAQ: FB), even as it prepares to go whole hog with a similar plan through Pinterest. Shopify closed Wednesday at $28.10, off $0.24, but up more than 9 percent since a May 20...
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LA Times Editor On Tesla Story: 'Not Defending The Story, Because It Speaks For Itself'
Tuesday, June 2, 2015 - 12:11pm | 458Los Angeles Times recently published a story that highlighted how companies founded by Elon Musk – Tesla Motors Inc (NASDAQ: TSLA), SolarCity Corp (NASDAQ: SCTY) and SpaceX – have received about $4.9 billion in government support. Following this, Musk spoke with CNBC and denied that...
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Disney Expands Streaming Movie Service To Google's Android
Tuesday, November 4, 2014 - 1:35pm | 235Walt Disney Co (NYSE: DIS) expanded its streaming movie service to Android devices after initially restricting the system to Apple Inc.'s (NASDAQ: AAPL) operating system. The Android version of Disney Movies Anywhere launched Monday on Google Inc's (NASDAQ: GOOGL) online store. Terms of...
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5 Recent Big Media Spinoffs
Monday, August 11, 2014 - 11:19am | 826Gannett’s (NYSE: GCI) announcement last Tuesday that it planned to spin off its print business, including USA Today, into a separate company was only the latest of several recent media spinoffs. Here's a look at how the deal stacks up against the others. The Debt Question Gannett...
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Update: Ballmer Wins Right To Clippers For Record $2 Billion
Thursday, May 29, 2014 - 7:41pm | 631Once the forlorn franchise of the entire NBA, the Los Angeles Clippers have reportedly netted the biggest sale in league history. The Los Angeles Times first reported that former Microsoft CEO Steve Ballmer has won the bidding war over the Clippers. The deal must receive the approval of the 29...
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Why Would Apple Pay $3.2 Billion For Beats Electronics?
Friday, May 9, 2014 - 12:54pm | 671The Financial Times reported that Apple (NASDAQ: AAPL) is on the verge of acquiring Beats Electronics for $3.2 billion. Not long after that report hit the Web, the Los Angeles Times said that two independent sources confirmed that Apple and Beats had discussed a possible acquisition. This...
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The $100 Million Fraud Started By A Teenager
Friday, April 25, 2014 - 9:40am | 721When most imagine a stock market scammer, they usually picture a middle aged man who wears an expensive business suit. But, not all stock market scammers fit that profile. The very fact that securities fraud has an image may make it easier for those who do not fit the stereotype to pull off scams...
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Chinese Buyers Enthusiastic About U.S. Real Estate
Monday, March 24, 2014 - 1:58pm | 540As China's economy continues to grow, more Chinese are investing in U.S. real estate. The National Association of Realtors (NAR) reports that Chinese buyers (including those from mainland China, as well as Hong Kong and Taiwan) were second only to Canadians when it came to international clients...
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Howard Stern Says Detroiters Love Board Games
Monday, March 17, 2014 - 10:53am | 463Howard Stern mentioned on his radio show last week that the only place he's lived and worked where people seemed actively interested in playing board games was Detroit. “When you live in Detroit, I don't know why, every person's home I was invited to wanted to play games,” he said. Is this...
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WWE Network Breaks New Ground on Video Streaming
Friday, January 10, 2014 - 4:54pm | 932The sport of staged theatrics and painful athletics is helping change the way consumers will watch sports and entertainment. On Wednesday, Vince McMahon announced the arrival of WWE Network, the first ever 24/7 streaming network. Speaking at the Consumer Electronics Show in Las Vegas, the...