Groupon (GRPN ) made headlines Tuesday after (IBM ) announced a $167 million lawsuit for violation of four of its e-commerce IPs. The tech giant claims that while Amazon (AMZN ) , Facebook (FB ) , and Google (GOOGL ) each pay between $20 million and $50 million for use of these technologies,
Liberum Capital reaffirmed their buy rating on shares of FirstGroup (LON:FGP) in a report issued on Tuesday.
A number of other equities analysts have also recently commented on FGP. Deutsche Bank reduced their price target on FirstGroup from GBX 100 ($1.36) to GBX 90 ($1.22) and set a hold rating for the company in a report on Thursday, February 22nd. Royal Bank of Canada reduced their price....More>>>
The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 106 billion cubic feet for the week ending May 11.
Analysts were expecting a storage injection of between 97 billion and 109 billion cubic feet. The five-year average for the week is an injection of 87 billion cubic feet, and last year’s storage increase for the week....More>>>
&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-849890606&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/849890606/960×0.jpg?fit=scale&q; data-height=&q;668&q; data-width=&q;960&q;&g; Philanthropist Warren Buffett is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes....More>>>
Crispin Odey’s European long-short equity fund deepened its losses for the year, plummeting about 20.5 percent in 2017, according to a performance document seen by Bloomberg News.
The Odey European fund, which is overseen by the hedge-fund manager himself in London, fell 8.2 percent in its Euro share class in December, the document shows. This follows the firm’s 49.5 percent....More>>>
Investment company Abrams Capital Management buys Time Warner Inc, PG&E Corp, Suburban Propane Partners LP, Keryx Biopharmaceuticals Inc, sells Barnes & Noble Education Inc during the 3-months ended 2017-12-31, according to the most recent filings of the investment company, Abrams Capital Management. As of 2017-12-31, Abrams Capital Management owns 20 stocks with a total value of $3 billion.....More>>>
New York, NY, based Investment company Owl Creek Asset Management, L.P. buys T-Mobile US Inc, Delta Air Lines Inc, Verizon Communications Inc, Industrea Acquisition Corp, NRG Energy Inc, Pensare Acquisition Corp, Sprint Corp, Kayne Anderson Acquisition Corp, Navios Maritime Acquisition Corp, Social Capital Hedosophia Holdings Corp, sells Herbalife, United Continental Holdings Inc, CIT Group Inc,....More>>>
Thor Industries (NYSE:THO) posted excellent results for FQ4 to cap off a strong year. Revenues increased 21.7%, beating estimates by a wide margin, and EPS of $1.57 came in ahead of estimates at $1.57. Net income from continuing operations increased 20.1% y/y. I have to admit I was surprised by the results. I expected that a weakening US economy would take its toll on the RV sector. In hindsight,....More>>>
Envestnet Asset Management Inc. trimmed its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 95.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 8,737 shares of the transportation company’s stock after selling 165,535 shares during the
Sonic Drive-In (NASDAQ:SONC)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $36.66 and last traded at $36.37, with a volume of 690790 shares. The stock had previously closed at $35.68.
If there is one state that comes to mind with high taxes and higher regulations that go above and beyond federal ones, it would be California. It turns out that even the state of California can sometimes look at the cost factors for consumers in their regulations.