Finance

Finance Activist investor wants to take Barnes & Noble private for $650M
Author: 0 Activist investor wants to take Barnes & Noble private for $650M

Sources told the Journal that Barnes & Noble is still evaluating Sandell's proposal. Sandell's plan values Barnes & Noble at more than $650 million, or over $9 per share, the newspaper reported , citing people familiar with the matter. 30 funds opened positions while 53 raised stakes. Citadel Advisors LLC boosted its position in shares of Barnes & Noble Education by 798.5% during the 3rd quarter.

Finance Viacom Reports Higher Quarterly Earnings, Flat US Ad Revenue
Author: 0 Viacom Reports Higher Quarterly Earnings, Flat US Ad Revenue

Wall Street pounded Viacom shares Thursday after the earnings news, driving them down more than 7% to about $23. It also increased its holding in International Business Machs (NYSE:IBM) by 34,630 shares in the quarter, for a total of 233,126 shares, and has risen its stake in Travelers Companies Inc (NYSE:TRV).

Finance BB&T Securities LLC Sells 359358 Shares of Wells Fargo & Company
Author: 0 BB&T Securities LLC Sells 359358 Shares of Wells Fargo & Company

Virginia-based Alexandria Ltd Llc has invested 0.03% in Wells Fargo & Co (NYSE: WFC ). The stock decreased 0.04% or $0.02 on November 15, reaching $53.75. Rodgers Brothers owns 6,000 shares. Ingalls & Snyder Lc invested in 0.02% or 1,530 shares. The 5/1 ARM interest rates have been published at 3.375% at Wells Fargo carrying an April of 3.481%.

Finance Bon-Ton closing at least 40 stores next year as sales slump
Author: 0 Bon-Ton closing at least 40 stores next year as sales slump

COPYRIGHT VIOLATION WARNING: "The Bon-Ton Stores, Inc". In a news release issued Thursday about its third-quarter earnings , the company says comparable store sales decreased 6.6 percent year-over-year. This was driven by increased demand on both the company's e-Commerce and mobile platforms during the quarter as the company leveraged its West Jefferson facility and store-fulfillment network.

Finance Norway's $1 trillion oil fund is planning to get out of oil
Author: 0 Norway's $1 trillion oil fund is planning to get out of oil

Oil and gas equities now account for around 6 percent of the GPFG's benchmark index, or just over 300 billion kroner (36.6 billion USA dollars), according to the bank . The fund is the world's largest sovereign wealth fund. Norges Bank said: "The analyses show that oil and gas stocks are significantly more exposed than other sectors to movements in oil prices".

Finance Royal Mail gets £106m profit boost, shares rise 4pc
Author: 0 Royal Mail gets £106m profit boost, shares rise 4pc

We face increased cost pressures in the second half, including the potential impact of the industrial relations environment on the pace of change. A planned strike was blocked by the High Court in October but today the company warned further disputes "could impact our performance in the second half".

Finance Japanese train company apologizes after train leaves 20 seconds early
Author: 0 Japanese train company apologizes after train leaves 20 seconds early

The Tsukuba Express line between Tokyo and the city of Tsukuba in Japan was scheduled to leave 9:44:40 local time, but instead left at 9:44:20, robbing riders the 20 seconds to sprint to the train before the doors close. No customers had complained about the early departure from Minami Nagareyama Station, which is just north of Tokyo, the company explained. Delays are so rare, passengers can even be given a delay certificate to show their workplace or school if trains are delayed by just ...

Finance Activist Nelson Peltz Elected to P&G Board
Author: 0 Activist Nelson Peltz Elected to P&G Board

Whether Peltz comes out with a board seat or not, the company is set to be on a path higher, according to one analyst . Unlike political elections, shareholders can vote as many times as they like for director nominees, with only the last ballot counting toward the tally.

Author: 0 (PG) is Thomas Story & Son LLC's 5th Largest Position

The stock increased 0.95% or $0.84 during the last trading session, reaching $89. About 70,078 shares traded. Pekin Singer Strauss Asset Management IL raised its holdings in shares of Procter & Gamble Company (The) by 16.0% in the second quarter.

Finance Koch brothers back Meredith bid to buy Time
Author: 0 Koch brothers back Meredith bid to buy Time

Charles and David Koch have offered Meredith an equity investment of more than $500 million to acquire the nation's largest magazine publisher, the Times reported , citing persons involved in the discussions. The last time , the deal faltered partly because Meredith was unable to receive funding help from banks. Time Inc.'s stock jumped significantly on the news, opening at $15.20 this morning compared to $12.65 at the previous day's close.

Finance GKN ousts incoming chief executive, causing shares to plunge
Author: 0 GKN ousts incoming chief executive, causing shares to plunge

Following Mr Cummings' departure, GKN has asked Anne Stevens, now a non-executive director at GKN, to take over as interim chief executive on 1 January 2018 until a full-time successor is appointed. In October, the group issued a profit warning sparked by problems in the aerospace division. At the time, the firm announced that it had been "made aware of two probable claims" which would result in around a £40 million hit upon profits.

Finance Earnings On Deck For Wal-Mart Stores, Inc
Author: 0 Earnings On Deck For Wal-Mart Stores, Inc

Finally, State of Wisconsin Investment Board raised its position in shares of Wal-Mart Stores by 23.1% during the 2nd quarter. The company's quarterly EPS surprised Wall Street by as much as 1% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates .

Author: 0 Placing Regal Entertainment Group (NYSE:RGC)'s Valuation Under Review

As of the latest earnings report the EPS was $0.83 with 133.31M shares now outstanding. The business had revenue of $716.00 million during the quarter, compared to the consensus estimate of $701.66 million. WIN stock price lost -69.67% over the past year, yielding a negative weighted alpha of -59.2 percent. The ex-dividend date is Friday, December 1st. Regal Entertainment Group's dividend payout ratio is now 101.15%.

Finance Freeport-McMoRan Inc. (FCX) Insider bought 823 Shares
Author: 0 Freeport-McMoRan Inc. (FCX) Insider bought 823 Shares

Following the completion of the purchase, the chief operating officer now directly owns 73,943 shares in the company, valued at approximately $1,126,151.89. Finally, Jefferies Group LLC reissued a "buy" rating and issued a $18.00 price target on shares of Freeport-McMoran in a report on Thursday, July 27th.

Finance Nigeria's Inflation Drops for 9th Straight Month to 15.91%
Author: 0 Nigeria's Inflation Drops for 9th Straight Month to 15.91%

As detailed in our September macro outlook , the Inflation GPS signals that the US core Consumer Price Index (CPI) should reverse some of this year's surprising slowdown. This represents the fifth consecutive disinflation in MoM inflation since a 2017 high of 2.57 per cent in May 2017. Croatia's consumer price inflation held steady in October, after accelerating in the previous three months, figures from the Croatian Bureau of Statistics showed Thursday.

Finance FlyDubai And Boeing Agree To $27 Billion Deal
Author: 0 FlyDubai And Boeing Agree To $27 Billion Deal

Boeing and flydubai have signed an agreement for 225 737 MAX airplanes with a list price value of $27bn, described by Boeing as the largest-ever single-aisle jet order from a Middle East carrier. Airbus's preliminary deal was expected to be worth up to $50 billion, but the price could come further down by the time both parties agree to finalize the nuts and bolts of the deal.

Finance AAA: More than 1.6M from Michigan plan Thanksgiving travel
Author: 0 AAA: More than 1.6M from Michigan plan Thanksgiving travel

More than 50 million Americans will take to the skies, roads and rails during the Thanksgiving 2017 holidays between November 22 and November 26. Another 429,000 Southern Californians are expected to go by air, which is an increase of 5.4 percent from the 2016 holiday's 407,000 plane travelers, while 77,000 will go by other means - about the same as past year.