Goldman works on sale of Toshiba's chip sector

Goldman works on sale of Toshiba's chip sector

Toshiba is looking to sell 20 percent to 30 percent of the chip operation and will seek the first round of bids in early February, said the people, who asked not to be identified discussing the confidential sale process. While Western Digital , which operates a NAND plant in Japan with Toshiba , may seem like a natural buyer of a large stake in the chip business, a sale might be hard to pull off before March as it would likely invite a review by anti-trust regulators. Read More

American Airlines Group, Inc. (NASDAQ:AAL) Expected To Report Earnings On Friday

American Airlines Group, Inc. (NASDAQ:AAL) Expected To Report Earnings On Friday

Adjusted earnings per share came in at $1.48, above the FactSet consensus of 92 cents. American Airlines Group has a healthy track record with respect to earnings . Analysts rating the company a 1 or 2 indicate a Buy recommendation. Having a look at the historical EPS report, the company attained $9.12 EPS for the previous year. Read More

Kraft Heinz employees get day off after Super Bowl

Kraft Heinz employees get day off after Super Bowl

If the petition gets 100,000 signatures, it will be sent to Congress, according to Heinz. In a petition circulated online, Heinz said, "We can all agree that going to work the Monday after the "Big Game" on Sunday is terrible". Comments on Twitter and the company's Facebook page asked why only salaried, and not hourly, workers get the perk. Thirty seconds of ad time during the Super Bowl, which was watched previous year by 112 million TV viewers, cost up to $5 million. Read More

Former Alibaba unit buys Dallas-based MoneyGram for $880 million

Former Alibaba unit buys Dallas-based MoneyGram for $880 million

That's about an 11.5 percent premium to MoneyGram's closing price of $11.88 Wednesday. The $880 million transaction, Ant's second US deal, will connect MoneyGram's network of 2.4 billion bank and mobile accounts with Ant's customers. "The combination will provide consumers in over 200 countries and territories with convenient and accessible financial services". Ant Financial will also assume or refinance MoneyGram's outstanding debt, which stood at $937.3 million for the quarter ended ... Read More

Higher petrol and air fares sees inflation jump to 1.3 per cent

Higher than expected air fares at the end of 2016 helped push inflation to 1.3 per cent in 2016. The latest official figures shows the pace of consumer price rises has picked up, putting inflation back over 1 percent for the first time in two years. Read More

Indices Set For Record Close as Trump Rally Resumes

Driven upward largely by stocks in the financial sector, the rapid ascent continued after Mr. Trump signed a number of executive orders Tuesday, including a push to allow for the construction of two controversial oil pipelines - news that could be a boon to the energy industry. Read More

Golden Gate Capital to acquire restaurant chain Bob Evans for $565 mn

Saed Mohseni, president and CEO of Bob Evans Farms, said in a statement that the sale of Bob Evans Restaurants . It also announced it is buying Pineland Farms Potato Company , based in Mars Hill, Maine, for at least $115 million. The post Bob Evans Farms Inc (BOBE) Is Getting Out of the Restaurant Business appeared first on InvestorPlace . In addition, the company's board also approved increasing the ongoing share buyback program to $100 million through the calendar year. Read More

Attack on Planned Parenthood: LA County fights D.C. Republicans

Herbert said he was spurred to action by secret videos purportedly showing Planned Parenthood officers outside of Utah discussing reimbursement for fetal tissue. In previous studies, women generally were locked into one type of birth control. After four years it showed "a 42 per cent drop in abortions, a 40 per cent drop in unintended pregnancies, and a savings range of $49 to $111 million in birth-related Medicaid costs". Read More

Changing NAFTA Provisions May Result in Mexico's Withdrawal From Deal

Changing NAFTA Provisions May Result in Mexico's Withdrawal From Deal

Revealed last week at the Detroit auto show, the new Q5 is scheduled to go on sale in the U.S.by spring. While Trump has given few details about exactly what he's seeking from a Nafta re-think, it could be a long and potentially messy process. Read More

German private sector buoyant in January despite slower growth - PMI

German private sector buoyant in January despite slower growth - PMI

The index remained above the 50 threshold that separates expansion from contraction for the third consecutive month and showed that activity expanded at the fastest since March 2014. The marginal fall in PMI is consistent with a quarterly pace of GDP growth of 0.4 percent to 0.5 percent, said Lloyds Bank in a report. A gauge for services rose to a 19-month high of 53.9 in January, while the manufacturing index slipped to 53.4 from 53.5. Read More

Yahoo sale to Verizon delayed further

Yahoo sale to Verizon delayed further

When the deal was announced in July 2016, it was expected to close by the end of March this year. News of the delay came less than 48 hours after it emerged that the US Securities and Exchange Commission (SEC) is probing Yahoo's response to two major data breaches which impacted upon more than a billion of its users, leaking account usernames and passwords. Read More

Rio Sells Australia Coal Unit to Yancoal for $2.45 Billion

Rio Tinto has extracted a good price for its Hunter Valley coal assets according to analysts, who believe Tuesday's $US2.45 sale to Yancoal will allow Rio to further cut its gearing. Rio said the sale won't have a material impact on its earnings per share. Yancoal plans to fund the deal through a capital raising and a share sale. Read More

Judge Blocks Aetna-Humana Merger; Aetna May Appeal

Judge Blocks Aetna-Humana Merger; Aetna May Appeal

Aetna spokesman T.J. Crawford said the insurer's lawyers are reviewing the 158-page opinion and "are giving serious consideration to an appeal after putting forward a compelling case". Judge Bates agreed with the DOJ that the Medicare Advantage market does not include traditional Medicare plans, one of the major. The merger would have created what Aetna called "a company serving the most seniors in the Medicare Advantage program and the second-largest managed care company in the United ... Read More

Asia to open mixed after USA stocks closed higher

Asia to open mixed after USA stocks closed higher

In South Korea, the Kospi was up 0.31 percent, as the political saga continues with President Park Geun-hye's culture minister and her former presidential adviser arrested on Saturday over allegations that they blacklisted artists critical of the government, Reuters reported. Read More

Donald Trump Returns Bust of Winston Churchill to the Oval Office

Also gone is a rug from the Obama era that featured quotes from leaders including Martin Luther King Jr. and four former presidents. Theresa May, who will visit the new president soon, seemed happy about Trump's decision of displaying the bust. Read More

President Trump signs executive order to gut Obamacare

However, its broad language gave federal agencies wide scope to take whatever measures they deem necessary to dismantle the ACA, before Congress can take action to repeal Obamacare. Trump said that he is working on a replacement to Obamacare that will provide health coverage for all. He promised during the campaign to repeal the law. Read More

Bristol-Myers shares fall on lung cancer timeline setback

These ratios are important while doing valuation of the company or the shares of the company. Bristol-Myers Squibb's revenue for the quarter was up 21.0% on a year-over-year basis. Bristol-Myers Squibb said Thursday evening it would not attempt to file for accelerated approval of its immunotherapy combination pairing Opdivo (nivolumab) and Yervoy (ipilimumab) in first-line lung cancer, sending shares tumbling by nearly 10% in early Friday trading. Read More

China's economy grows at 6.7% in 2016, its slowest in 26 years

Growth in the quarter ending in December ticked up to 6.8 percent over 2015, supported by government spending and a real estate boom, a gain from the previous quarter's 6.7 percent, government data showed Friday. The analysts listed out the major risks this year, including a cooling property market that can be one of the major threats to the economy. Looking at quarter-on-quarter growth, the way other major economies report data, the economy cooled steadily over the course of the year ... Read More

Monte Carlo first stage cancelled after Paddon rolls

Monte Carlo first stage cancelled after Paddon rolls

Supporters of the Kiwi driver supported him social media after it was confirmed the spectator had died. "An investigation has commenced into the incident and all involved parties will provide assistance to the authorities". Meeke's team-mates, Circuit of Ireland victor Craig Breen and young Frenchman Stephane Lefebrve, were also in the stage when Paddon crashed but were slowed before the half-distance mark. Read More

Oil analysts see shallow gains as Opec deal, shale hem in prices

Oil analysts see shallow gains as Opec deal, shale hem in prices

However, increased demand and coupled with recent production cuts by OPEC have catapulted oil prices to above $50 per barrel, making it profitable for US producers to restart operations, noted Flynn. "OPEC is not in control of prices anymore anyway". The committee now has no plans to use external agencies, such as consultants that track oil exports by monitoring tanker movements, to verify that countries are implementing the pledged supply curbs, said three people familiar with the matter. Read More