Tower Bridge Advisors lowered its stake in McDonald's Co. (NYSE:MCD) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,225 shares of the fast-food giant’s stock after selling 4,748 shares during the quarter. McDonald's accounts for approximately 2.0% of Tower Bridge Advisors’....More>>>
Welcome the newest class of billionaires who have pledged to give the majority of their wealth to philanthropic causes.
Fourteen more billionaires have signed on to the Giving Pledge the initiative created by Bill and Melinda Gates and Warren Buffett in 2010 to help address societys most pressing problems by shifting the social norms of philanthropy toward giving more, giving sooner and....More>>>
After markets closed on Monday, Boeing Co. (NYSE: BA) announced that it will raise its dividend by 30% and renew its share repurchase program with a $14 billion authorization. The company also said it will cut production of its current model 777 from sevenper month to five beginning in August 2017.
While the dividend hike and share buyback are good news for investors, the production cut to....More>>>
March has brought madness to airline stocks, including United Continental Holdings (UAL), Delta Air Lines (DAL), and American Airlines (AAL). But the recent pullbacks aren’t a buying opportunity, say Imperial Michael Derchin and Adam Hackel.
Agence France-Presse/Getty Images
I recommended United Continental on Nov. 19, the week that Warren Buffett’s Berkshire Hathaway (BRK.B)....More>>>
&l;p&g;Imagine you are at a roulette table in a casino and are given an opportunity for your lifetime savings of $500,000. You have two choices, A and B. If you choose option A, you will receive a monthly paycheck of $2,000 for the rest of your life. With option B, you could receive a monthly paycheck of $5,000 for the rest of your life.
The choice seems obvious, right? Not quite. If you....More>>>
After four weeks without a single IPO, the US IPO market is back from its annual August pause. Four deals are on the IPO calendar to raise $690 million in the week ahead, including:
The first energy IPO in over a year, an MLP with a 7.5% annualized yield
A VC-backed tech company (2016’s tech IPO class is up over +100% on average)
A large Bermuda bank and wealth manager with....More>>>
Novanta (NOVT) operates in high-tech markets. The company designs, develops, manufactures, markets, and sells precision photonic and motion control components and subsystems to original equipment manufacturers in the medical equipment and advanced industrial technology markets worldwide.
The company operates in three segments: Photonics, Vision, and Precision Motion. It houses numerous businesses,....More>>>