"Having the most money doesn't always make you the winner," Moneyball author Michael Lewis said to us on stage. For example, in 2002, the Oakland Athletics had the third-lowest payroll of any team in baseball. The New York Yankees paid their players nearly three times more – an extra $80 million. Yet the two teams made it the same distance in the playoffs. ....More>>>
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According to a report by Bloomberg, Westar Energy Inc (NYSE: WR) is a potential takeover....More>>>
On Tuesday, stocks closed mixed with a preference for small-caps as they took gains in some blue chips and big-cap stocks.
Profit-taking started immediately, with a divergence of better-quality stocks being sold. Banks and other financials fell 1.4% at the close, while technology gained 0.9% and consumer discretionary rose 0.5%. Eight of the eleven sectors of the 500 lost ground. From the....More>>>
Berkshire Hathaway, the conglomerate controlled by Warren Buffett, agreed Wednesday to buy a stake in the troubled Canadian mortgage lenderHome Capital Group in a $1.8 billionrescue plan.
Berkshire will pay $300.7million for a 38.4% stake of the Toronto-based company and extend a $1.5 billion line of credit.
“This investment from Berkshire not only addresses Home Capitals....More>>>
Pepsi has pulled its controversial Kendall Jenner ad.
The soda company made the announcement Wednesday after the ad triggered an immediate online backlash for using protest imagery to market the soft drink.
“Pepsi was trying to project a global message of unity, peace and understanding. Clearly we missed the mark, and we apologize,” the company said in a statement.....More>>>
When an industry enjoys significant growth, individual stock valuations often rise with the tide. This firm’s inability to grow profits amidst record industry revenues raises a red flag. Add in significant competition, lagging margins, and an overvalued stock price, and it’s hard to justify any bull case. Nevertheless, this stock is up 48% over the past year. For these reasons and more,....More>>>
What a difference one word makes. Cowen’s Doug Creutz and Stephen Glagola could have said that it’s not time to panic after Viacom (VIAB) said its negotiations with Dish Network (DISH) have been going nowhere. Instead, they inserted the word “necessarily,” changing the complexion of things. They explain:
Viacom shares are down several percent....More>>>
Treasury prices ended higher Friday, cementing a weekly decline for yields after the Federal Reserve on Wednesday failed to signal a more aggressive approach to future rate moves.
The yield on the 10-year Treasury note ....More>>>
Alex Lintner, President of Experian’s Consumer Information Services
Experian is a leading global information services company, employing approximately 17,000 people and providing data and analytical tools to clients in more than 80 countries. It is the largest of the major credit bureaus in the U.S., managing the data of 890 million people and 103 million businesses worldwide. From....More>>>
Investment company Wintergreen Fund buys Lotte Confectionery Co, LiLAC Group, sells Altria Group, The Swatch Group AG, JC Decaux SA during the 3-months ended 2016-12-31, according to the most recent filings of the investment company, Wintergreen Fund. As of 2016-12-31, Wintergreen Fund owns 25 stocks with a total value of $407 million. These are the details of the buys and sells.