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News Editor Alexander Katiraie

News Search Engine Technology Alexander Katiraie

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News Editor Alexander Katiraie

News Search Engine Technology Alexander Katiraie


Billionaire David Saperstein ask $115 million for Malibu mansion
Date: Tue, 28 Jan 2020 16:54:45 -0500
From feeds.latimes

After selling his Holmby Hills mansion for $88.3 million six years ago, billionaire David Saperstein is asking $115 million for his Malibu compound.



Column: U.S. judge rejects FDA bid to shut down stem cell clinics, dealing blow to regulators
Date: Tue, 28 Jan 2020 16:28:05 -0500
From feeds.latimes

A U.S. judge throws a wrench into the FDA's campaign against stem cell clinics.



Padres catcher Austin Hedges swings on a smart home in San Diego
Date: Tue, 28 Jan 2020 12:30:41 -0500
From feeds.latimes

Padres catcher Austin Hedges has paid $1.35 million for a smart home located about 11 miles north of the team's stadium.



Veteran actor Joe Mantegna floats Toluca Lake Tudor onto the market
Date: Tue, 28 Jan 2020 11:00:45 -0500
From feeds.latimes

After nearly 30 years of ownership, veteran actor Joe Mantegna is asking $4.195 million for his charming Toluca Lake Tudor.



Lazarus: How the secret-shopper scam almost took down Superman's pal
Date: Tue, 28 Jan 2020 10:07:15 -0500
From feeds.latimes

The supervising producer of "Lois & Clark: The New Adventures of Superman" is among people nationwide targeted by this sneaky racket.



A West Coast union faces bankruptcy. Here's why unions nationwide are unnerved
Date: Tue, 28 Jan 2020 09:00:40 -0500
From feeds.latimes

The International Longshore & Warehouse Union is preparing to file Chapter 11 bankruptcy if a federal judge lets stand a $94-million jury award.



Riot Games accuses regulators of 'questionable tactics' to block gender bias settlement
Date: Tue, 28 Jan 2020 08:00:13 -0500
From feeds.latimes

California state agencies argue that women who worked at the video game company could deserve up to $400 million. The companyaand the lawyers for women who worked thereastrongly disagree.



Earnings Results: AMD stock slides as outlook falls below Wall Street view
Date: Tue, 28 Jan 2020 22:20:52 GMT
From marketwatch.com
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip makeras outlook fell below Wall Street estimates and data-center sales did not come in as well as expected.


U.S. national debt projected to rise to $31.4 trillion by 2030: CBO
Date: Tue, 28 Jan 2020 22:09:19 GMT
From marketwatch.com
The U.S. federal debt held by the public is expected to rise to $31.4 trillion by the end of 2030, the Congressional Budget Office said in its semi-annual forecast released Tuesday.


NewsWatch: AMD stock slides as outlook falls below Wall Street view
Date: Tue, 28 Jan 2020 22:00:08 GMT
From marketwatch.com
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip makeras outlook fell below Wall Street estimates and data-center sales did not come in as well as expected.


Starbucks says coronavirus outbreak likely to hit profit this year
Date: Tue, 28 Jan 2020 21:59:37 GMT
From marketwatch.com
Starbucks Corp. reports fiscal first-quarter earnings after the bell Tuesday that beat Wall Street views, with revenue up 7%, but spooked investors by saying the coronavirus outbreak will likely hit its fiscal second-quarter and 2020 results.


Market Snapshot: Dow closes higher to snap 5-day losing streak after worst single session loss since October
Date: Tue, 28 Jan 2020 21:58:53 GMT
From marketwatch.com
U.S stocks close higher Tuesday, a day after worries about the impact of Chinaas coronavirus outbreak on global economic growth sparked the biggest one-day selloff since early October.


The Margin: aYou gotta be sh***ing me?a Air Force veteran falls to the ground when heas told the mouth-watering value of his watch
Date: Tue, 28 Jan 2020 21:58:13 GMT
From marketwatch.com
This U.S. Air Force vet, who was stationed in Thailand in the early 1970s, has probably seen a lot over his lifetime, but he clearly didnat see this coming.


Earnings Results: Apple stock gains after record earnings, upbeat forecast
Date: Tue, 28 Jan 2020 21:42:39 GMT
From marketwatch.com
Apple Inc. posted record quarterly results for its holiday quarter while easily topping expectations for revenue and earnings.


The Margin: More Americans are booking it to the library than going to the movies
Date: Tue, 28 Jan 2020 21:31:06 GMT
From marketwatch.com
Young adults, women and low-income families visited libraries the most a and zoos the least.


Outside the Box: Which Judy Shelton will the Fed get? Gold standard advocate or Trump defender?
Date: Tue, 28 Jan 2020 21:22:53 GMT
From marketwatch.com
Fed nominee Judy Shelton has long advocated for a global currency backed by gold, which would make the Federal Reserve redundant.


Bond Report: Treasury yields climb as stocks recover from steep drop as virus worries wane
Date: Tue, 28 Jan 2020 21:14:23 GMT
From marketwatch.com
U.S. Treasury yields rise Tuesday as investors take a breather from the coronavirus worries, which helped spark the biggest single-day drop in major equity indexes in several months.


March WTI oil at $53.80/bbl vs. $53.48 Nymex settlement
Date: Tue, 28 Jan 2020 21:40:05 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


WTI oil up in electronic trade as sources say API data show a drop in U.S. crude supply
Date: Tue, 28 Jan 2020 21:40:05 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Apple stock gains 1.6% after earnings, revenue beat
Date: Tue, 28 Jan 2020 21:31:12 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Apple Q1 revenue $91.8 bln vs. $88.48 bln consensus
Date: Tue, 28 Jan 2020 21:30:49 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Apple EPS $4.99 vs. $4.54 consensus
Date: Tue, 28 Jan 2020 21:30:39 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


AMD stock falls 4% after light first-quarter outlook
Date: Tue, 28 Jan 2020 21:16:39 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Starbucks says holiday season 'one of the strongest'
Date: Tue, 28 Jan 2020 21:08:21 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Starbucks beats fiscal Q1 EPS expectations, revenue in line
Date: Tue, 28 Jan 2020 21:07:33 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


S&P 500 finishes 1% higher; Nasdaq Composite gains 1.4%
Date: Tue, 28 Jan 2020 21:01:43 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Dow ends around 186 points higher, up 0.7%
Date: Tue, 28 Jan 2020 21:01:23 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


eBay shares dip 4% on weak Q1 revenue guidance
Date: Tue, 28 Jan 2020 21:58:31 GMT
From feeds.marketwatch

EBay Inc. shares dipped 4.4% in after-hours trading Tuesday after the e-commerce giant reported fourth-quarter earnings above Wall Street expectations but offered weak Q1 revenue guidance. EBay said it earned $558 million, or 69 cents a share, in the quarter, compared with $763 million, or 80 cents a share, in the year-ago fourth quarter. Revenue declined 2% to $2.82 billion from $2.9 billion a year ago. EBay said it expects $2.55 billion to $2.6 billion in first-quarter revenue, short of the $2.64 billion predicted by Wall Street analysts. Analysts surveyed by FactSet had expected 57 cents a share on sales of $2.8 billion. EBay shares are up 7.5% over the last 12 months. The S&P 500 index has gained about 24% the last year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



API data reveal a weekly U.S. crude supply decline of more than 4 million barrels, sources say
Date: Tue, 28 Jan 2020 21:46:15 GMT
From feeds.marketwatch

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 4.3 million barrels for the week ended Jan. 24, according to sources. The API data also reportedly showed a stockpile increase of 3.3 million barrels for gasoline, while distillate stocks declined by about 141,000 barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories rose by 1.4 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast a supply climb of 1.7 million barrels for gasoline, while distillate inventories were expected to decline by 1.6 million barrels. March West Texas Intermediate crude was at $53.80 a barrel in electronic trading. It settled at $53.48 Tuesday on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Xilinx stock falls more than 10% after weak fourth-quarter guidance, layoffs
Date: Tue, 28 Jan 2020 21:35:27 GMT
From feeds.marketwatch

Xilinx Inc. shares fell more than 10.9% in the extended session Tuesday after the company reported fourth-quarter guidance below consensus estimates but higher-than-expected third-quarter sales. The company reported fiscal third-quarter net income of $162 million, or 64 cents a share, compared with $239.2 million, or 93 cents a share, in the year-ago period. Adjusted for items such as acquisition costs and amortization, among other things, earnings were 68 cents a share versus 92 cents a share a year ago. Revenue fell to $723.5 million from $800.1 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 60 cents a share on revenue of $731.3 million. For the fiscal fourth quarter, analysts model earnings of 81 cents on sales of $825.1 million. The company said it expects fiscal fourth-quarter revenue of $750 million to $780 million. Xilinx also said it expects to lay off 7% of its workers because of "revenue headwinds" and has slowed hiring to replace attrition. Xilinx stock has fallen 9.8% in the past year, with the S&P 500 index rising 22.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Dow brings 5-session skid to a halt as stocks attempt to shake off coronavirus anxieties
Date: Tue, 28 Jan 2020 21:04:07 GMT
From feeds.marketwatch

U.S. stock indexes on Tuesday staged a solid comeback after the worst daily decline for stocks in months, following a downturn that had been at least partly sparked by concerns about the spread of an Asian influenza. Although the so-called Wuhan virus, named for the city in China where it is said to have originated, continues to spread in the second-largest economy in the world, claiming at least 106 lives and infecting more than 4,500 people, investors deemed Monday's equity slump to be overdone and bought beaten-down shares. The Dow Jones Industrial Average gained 186 points, or 0.7%, to 28,722, halting a 5-session slide. The S&P 500 index advanced 1% to 3,276, while the Nasdaq Composite Index rose 1.4% to close at 9,269, both indexes ended a two-session slide. Uneasiness about the spread of the the illness that has drawn comparisons with SARS, severe acute respiratory syndrome, and the possible impact to China's economy, comes as the Federal Reserve on Wednesday is slated to provide an update on monetary policy, with key interest rates at 1.50%-1.75% range. In company news, Apple Inc. is among the S&P 500 and Dow components set to report after Tuesday's close. Apple suppliers have cautioned that the coronavirus could impact the iPhone maker's output. Market participants also have noted that an accurate recession indicator, the differential, or spread, between the three-year Treasury bill and the 10-year Treasury note , briefly inverted early Tuesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Gold futures settle lower, pulling back from a more than 6-year high
Date: Tue, 28 Jan 2020 18:46:39 GMT
From feeds.marketwatch

Gold futures settled lower on Tuesday, easing back from the more than six-year high they scored a day earlier on the back of concerns surrounding China's coronavirus. U.S. benchmark stock indexes climbed, easing haven demand for the metal. February gold fell $7.60, or 0.5%, to settle at $1,569.80 an ounce. Prices settled at $1,577.40 on Monday, the highest most-active contract finish since April 2013.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Wyndham Garden unveils new construction prototype and menu intended to improve efficiencies
Date: Tue, 28 Jan 2020 18:40:46 GMT
From feeds.marketwatch

The Wyndham Garden chain of hotels has unveiled a new construction prototype and a new menu, both intended to cut costs and create efficiencies. Arbor is a four-story, 110-room construction model that brings the outdoors in and takes up less than 58,000 square feet over less than two acres of land. Nice & Vice, which was created by celebrity chef Jet Tila, streamlines a number of dishes with few ingredients. Wyndham Garden is part of Wyndham Hotels & Resorts Inc. , which has more than 9,200 franchised hotels in 80 countries. Wyndham stock is up 2% on Tuesday and up 18.6% over the past year. The S&P 500 index has gained nearly 24% over the last 12 months.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Airline stocks face 'substantial' risk from coronavirus but not lasting weakness, analyst says
Date: Tue, 28 Jan 2020 16:51:38 GMT
From feeds.marketwatch

Airline stocks were mostly higher Tuesday, bouncing from a sharp two-day selloff related to concerns over the rapid spread of the deadly coronavirus out of China. The NYSE Arca Airline Index rose 0.9%, after tumbling 4.8% the previous two sessions to close Monday at an 8-week low, while the S&P 500 bounced 1.1% after falling 2.5% the past two days. Based on an analysis of the impact of other deadly pandemics, analyst Ken Herbert at Canaccord Genuity said that while the current coronavirus outbreak is still in the very early stages, the risk to worldwide air travel and the aerospace sector is "substantial," as the eventual impact could be worse than previous pandemics this millennium based on the inital outbreak. Herbert looked at the impact of the SARS outbreak in 2003, the avian flu pandemic in 2005 and the MERS outbreak in 2015. "[W]e believe that all things considered, traffic tends to recover relatively quickly after a pandemic outbreak," Herbert wrote in a note to clients. "Moreover, there does not seem to be a clear lasting impact on the stocks...as a result of these outbreaks." Shares of American Airlines Group Inc. rose 1.4%, United Airlines Holdings Inc. slipped 0.6%, Delta Air Lines Inc. edged up 0.7% and Boeing Co. fell 0.5%. Over the past two days, shares of American had tumbled 9.3%, United had shed 8.5%, Delta lost 5.7% and Boeing eased 0.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Flowr Corp. shares rise as analyst welcomes management changes
Date: Tue, 28 Jan 2020 15:09:04 GMT
From feeds.marketwatch

The Flowr Corp.'s U.S.-listed shares rose 0.7% Tuesday, after the Canadian cannabis company announced a series of executive departures, including of its chief financial officer, chief strategy officer, chief research & innovation officer and chief policy and medical officer. The company said the changes are a realignment of the leadership culture to "drive improved operational and financial efficiencies." The company named Irina Hossu as CFO, replacing Alex Dann. Hossu was most recently vice president finance, corporate payments and emerging markets at Wex , a fintech company. She has also done stints at Revlon Canada , Molson Coors and Xerox Canada . MKM analyst Bill Kirk said the moves should better align the company with its current strategy. "As the Canadian market has evolved from a focus on growth via easy capital toward a focus on profitability with less available capital, companies, like Flowr, are wise to pursue efficiencies," he wrote in a note to clients. "The need to re-size leadership should not be a surprise." The company is now in better shape to pursue recreational cannabis in Canada and cultivation in Portugal. Europe is a key differentiator for the company and Portugal offers a better climate, cheaper workforce and lower transportation costs, said the note. Kirk rates the stock a buy with a C$4 ($3.03) price target that is almost three times its current price. U.S.-listed shares have fallen 53% in the last 12 months, while the ETFMG Alternative Harvest ETF has fallen 49% and the S&P 500 has gained 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Dow opens higher to start Tuesday trade as benchmark tries to avoid 6-day skid
Date: Tue, 28 Jan 2020 14:34:06 GMT
From feeds.marketwatch

U.S. stock benchmarks on Tuesday opened modestly higher, a day after growing worries about the impact of China's coronavirus outbreak on global economic growth sparked the biggest one-day selloff since early October. Markets appeared to be attempting to find its footing even as signs that that virus was spreading throughout China. The Dow Jones Industrial Average gained 76 points, or 0.3%, to 28,618, after declining for five straight sessions, the S&P 500 index gained 0.4% to 3,257 and the Nasdaq Composite Index picked up 0.8% at 9,210. Investors were also set to wade through a tide of quarterly results from a number of high-profile companies as earnings reporting season picks up steam. Shares of Dow component 3M Co. [s :MMM] were down after the consumer and industrial products company reported fourth-quarter profit that fell short of Wall Street expectations, while revenue matched. 3M also said it was cutting 1,500 jobs as part of a restructuring. Shares of another Dow component, United Technologies Corp. , were in focus after it reported profit and sales that beat estimates. In U.S. economic data, December durable goods orders surged 2.4% in December owing to military purchases.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



QuikLogic to cut 30% of its workforce as part of restructuring
Date: Tue, 28 Jan 2020 14:14:42 GMT
From feeds.marketwatch

QuickLogic Corp. said Tuesday it will reduce its workforce by 30% by the end of the fiscal first quarter of 2020. The company said in its latest annual report that it had 82 employees as of the end of 2018. The semiconductor maker said the job cuts are part of a restructuring plan that is aimed at annualized cost savings of $4 million. QuikLogic expects to take a $600,000 charge for the restructuring. The company affirmed its fourth-quarter 2019 revenue guidance range of $3 million, plus or minus 10%; the FactSet consensus is $2.9 million. ":The restructuring is expected to further accelerate our path to improved bottom line financial performance in fiscal 2020," said Chief Executive Brian Faith. "We continue to forecast revenue growth this year and are confident the changes will result in a stronger organization, an optimized cost structure, and allow us to allocate our resources in the most efficient way possible." The stock, which is still inactive in premarket trading, has run up 11% over the past three months, while the PHLX Semiconductor Index has climbed 10% and the S&P 500 has gained 6.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Square's Cash app has room to increase instant-deposit fees by 50%, analyst says
Date: Tue, 28 Jan 2020 14:01:45 GMT
From feeds.marketwatch

Macquarie analyst Dan Dolev wrote Tuesday that his recent customer survey found a willingness on the part of Square Inc.'s Cash app users to increase instant-deposit pricing by 50%. The survey found that 60% of Cash users would be willing to pay more than 1.5%, the current fee, for the ability to instantly transfer their funds to a bank account. The average price users were willing to pay was 2.3%, Dolev said. "Raising Cash App Instant Deposit pricing from 1.0% to 1.5% in 2018 boosted revenue and helped propel the stock to ~$100," he wrote. "We estimate that a 50bps increase in Instant Deposit pricing could result in $250 million to $300 million or ~10% additional sales growth in 2021 versus consensus estimates." He rates Square's stock at outperform with a $105 target price. The stock is up about 1% in premarket trading Tuesday, and it's up 13% over the past three months as the S&P 500 has gained 6.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Uber's stock rallies after UBS initiates coverage with bullish rating, sees potential for 54% gain
Date: Tue, 28 Jan 2020 13:58:35 GMT
From feeds.marketwatch

Shares of Uber Technologies Inc. rose 1.9% in premarket trading Tuesday, after a bullish call from analyst Eric Sheridan at UBS, saying the ride-sharing company checks each key theme and investing opportunity that he has identified for the internet sector. Sheridan initiated coverage of Uber with a buy rating and $56 stock price target, which is 54% above Monday's closing price of $36.30. The key themes Sheridan identified for internet companies are scale, secular growth tailwinds, underlying asset value, management team focused on positive capital allocation and rising margin profile. "While debates likely persist over the structure/path to end goals of scaled market leadership across a number of end demand verticals (transport, food, logistics, autonomous) and value optimization of its non-core assets, we see a management team committed to unlocking asset value and a compelling risk/reward from current levels," Sheridan wrote in a note to clients. The stock has gained 9.3% over the past three months through Monday, while rival Lyft Inc. shares have advanced 6.6% and the S&P 500 has tacked on 6.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



HCA's stock jumps 4% on earnings
Date: Tue, 28 Jan 2020 13:54:57 GMT
From feeds.marketwatch

Shares of HCA Healthcare Inc. , a large hospital operator, jumped 4% in premarket trading on Tuesday after it beat revenue expectations for the fourth quarter. The company said it had net income of $1.07 billion, or $3.09 per share, in the fourth quarter of 2019, compared with $1.06 billion, or $3.01 per share, in the same quarter a year ago. The FactSet consensus was for EPS of $3.09. Revenue rose to $13.5 billion for the quarter from $12.2 billion in the same period a year ago, against the FactSet consensus of about $13.4 billion. On a same-facility basis, admissions increased by 4.7%, including emergency room visits by 6.7%, inpatient surgeries by 2.1% and outpatient surgeries by 1.8%. For 2020, HCA said it expects revenue of $53.5 billion to $55.5 billion and earnings per share of $11.30 to $12.10 per diluted share. The FactSet consensus for 2020 revenue is $54.04 billion. HCA's stock has climbed 7% over the last 52 weeks, while the S&P 500 has gained 21%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Chinese content plays like iQiyi could benefit as coronavirus curtails travel, says strategist
Date: Tue, 28 Jan 2020 13:52:58 GMT
From feeds.marketwatch

Wedbush Chief Technology Strategist Brad Gastwirth said in a note to clients Tuesday that Chinese content plays iQiyi Inc. and Joyy Inc. could see positive benefits from the coronavirus spread as people stay home due to concerns about the outbreak. "Given the lack of travel we see iQiyi (online video/entertainment) along with the popularity of yy.com benefiting from this outbreak," he wrote, though Wedbush doesn't formally cover the two stocks. Chinese internet stocks are generally rallying in premarket trading Tuesday after suffering Monday declines. The KraneShares CSI China Internet ETF has dropped in each of the past five trading sessions. Shares of iQiyi are up 2.1% in premarket trading while shares of Joyy are up 2.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Warren Buffett's Berkshire Hathaway stock rises after UBS gets more bullish
Date: Tue, 28 Jan 2020 13:42:24 GMT
From feeds.marketwatch

The Class B shares of Warren Buffett's Berkshire Hathaway Inc. rose 0.7% in premarket trading Tuesday, after UBS analyst Brian Meredith became a little more bullish on the company, as insurance pricing trends appear favorable for 2020. Meredith reiterated his buy rating but boosted his price target to $257, which is 15.5% above Monday's closing price, from $242. "We expect profitability in [Berkshire's] insurance operation to modestly improve in 2020 as BH Primary and Reinsurance margins benefit from an improved pricing environment," Meredith wrote in a note to clients. "We are anticipating some deterioration in margins at GEICO as rate has fallen below trend for the industry; however, multiple data points suggest pricing is beginning to bottom out and we expect margins to reverse course in 2021." Meredith also raised his price target for Berkshire's Class A shares, to $385,000 from $362,000. The Class B shares have climbed 4.5% over the past three months, while the SPDR Financial Select Sector ETF has gained 3.9% and the S&P 500 has advanced 6.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Avis Budget Group adopts one-year shareholder rights plan
Date: Tue, 28 Jan 2020 13:36:42 GMT
From feeds.marketwatch

Avis Budget Group Inc. said Tuesday a special committee formed by its board to manage its engagement with shareholder SRS Investment Management has agreed to adopt a one-year shareholder rights plan. The plan seeks to prevent SRS from gaining control of the company without paying a premium. SRS is the rental-car company's biggest shareholder after recently disclosing a 33.8% stake. "The Committee in recent months has made numerous good-faith attempts to reach a new agreement with SRS, but SRS has been unwilling to agree to terms acceptable to the Committee," Avis said in a statement. The board already adopted a short-term shareholder rights plan, also called a poison pill, in January 2017 and again in January 2018. Shares were not active premarket but have gained 25% in the last 12 months, while the S&P 500 has gained 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Apple suppliers caution coronavirus could impact planned production hike: report
Date: Tue, 28 Jan 2020 13:35:32 GMT
From feeds.marketwatch

Apple Inc. was planning to boost first-half production by 10% from a year ago but has received warning from some of its suppliers that the coronavirus outbreak could complicate those plans, according to a report from the Nikkei Asian Review on Tuesday. There is concern about manufacturing centers in the Henan, Guangdong, and Shanghai provinces as all have seen dozens of confirmed coronavirus cases, the report said. Apple had been asking suppliers to make up to 80 million iPhones in the first half of the year, mainly consisting of the new iPhone 11 family but also including some of a yet-to-be-release low-price model that some are expecting could come in March, according to the report. Apple didn't immediately respond to a MarketWatch request for comment. Its stock is up 1.1% in premarket trading Tuesday after dropping 2.9% in Monday's session amid coronavirus fears. Apple is due to report earnings after Tuesday's closing bell. Shares have gained 98% over the past 12 months, as the Dow Jones Industrial Average has risen 16%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Allscripts admits kickbacks, to settle allegations for $145 million
Date: Tue, 28 Jan 2020 13:27:52 GMT
From feeds.marketwatch

Practice Fusion Inc., an electronic health record provider acquired by Allscripts Healthcare Solutions Inc. in 2018, will pay $145 million to resolve criminal and civil allegations that it engaged in a kickback scheme encouraging physicians to prescribe opioids, the Justice Department said. Practice Fusion admitted that it solicited and received kickbacks from a maker of opioid products and other drugmakers in exchange for putting clinical decision support alerts in its health record software that led to more prescriptions for these products. Shares of Allscripts, which spent $100 million in cash to buy Practice Fusion, were down 0.17% in premarket trading on Tuesday and have dropped 25% over the last 52 weeks. The Health Care Sector Sector SPDR Fund , an exchange-traded fund, has climbed about 14% over the last year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Lego and Mattel's Mega Bloks launch new toys
Date: Tue, 28 Jan 2020 13:14:27 GMT
From feeds.marketwatch

Two major toy companies, privately-held Lego and Mattel Inc. , have announced new toys ahead of the 2020 Toy Fair in February. Lego has introduced Lego Dots, an arts-and-crafts collection that allows kids and adults to design room decor, jewelry and more. And Mattel's Mega brand has launched three eco-friendly preschool sets. Polar Friends, Safari Friends and Woodland Friends sets will be made from bio-based resins. The move is part of Mattel's commitment to achieve 100% recycled, recyclable or bio-based plastic materials across its products and packaging by 2030. Mattel stock has gained 13.5% over the last year while the S&P 500 index is up 22.7% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Hexo shares slide 3% premarket after MKM downgrades stock following breach of contract lawsuit
Date: Tue, 28 Jan 2020 13:13:36 GMT
From feeds.marketwatch

Hexo Corp.'s U.S.-listed shares slid 3% in premarket trade Tuesday, after MKM downgraded the Canadian cannabis company to neutral from buy after it was sued by Medipharm Labs Corp. for breach of contract. "The hairy just got hairier," is how analyst Bill Kirk described the slate of problems facing the company. Since Hexo's chief financial officer resigned last October, the company missed on earnings and pulled guidance, it laid off employees and announced facility closures, it was found to have undisclosed illegal growing operations and it undertook dilutive equity raisings, Kirk wrote in a note to clients. The lawsuit is "the straw that has broken our back," he wrote. Court papers viewed by MarketWatch found it is being sued for the non-payment of C$9.8 million ($7.5 million) related to shipments of marijuana resin. Hexo sald Monday it intends to vigorously defend itself against the claims, without making any comment on quality or deliverables. "With a weak track record on accurately making positive predictions, it is difficult to handicap this latest issue," said the note. "Of 104 positive predictions made by HEXO over the last two years, just 3 of the 48 resolved were correct." Kirk cut his stock price target to C$1.50 from a prior C$5.00. Shares have fallen 75% in the last 12 months, while the ETFMG Alternative Harvest ETF has fallen 50% and the S&P 500 has gained 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Beyond Meat downgraded on valuation after 'good news' drives stock rally
Date: Tue, 28 Jan 2020 13:01:23 GMT
From feeds.marketwatch

Beyond Meat Inc. stock slipped 2.7% in Tuesday premarket trading after JPMorgan downgraded the plant-based meat company to neutral from overweight on valuation. JPMorgan has a $134 price target on Beyond Meat, down from $138. Shares of Beyond Meat have rallied 18.4% over the past three months, and 65% over the past month. "With a variety of optimistic news stories baked in and the stock outperforming the S&P 500 index by 65% this month, we think it is prudent to head for the sideline once again," analysts wrote. The S&P 500 index has inched up 0.1% over the past month, and has gained 6.7% over the last three months. JPMorgan analysts say they remain confident about the company's growth potential, noting media reports that McDonald's Corp. is expanding its Beyond Meat test to 52 locations on Jan. 14 from 28 in Ontario, Canada. Beyond Meat burgers are also expanding across Denny's Corp. locations nationwide, and Starbucks Corp. says it plans to add more plant-based items to its menu. Beyond Meat stock closed Monday at $124.75.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Lockheed Martin shares jump 2% premarket after earnings beat
Date: Tue, 28 Jan 2020 12:39:05 GMT
From feeds.marketwatch

Lockheed Martin Corp. shares rose 2% in premarket trade Tuesday, after the aerospace and defense company beat estimates for the fourth quarter. Bethesda, Md.-based Lockheed said it had net income of $1.5 billion, or $5.29 a share, in the quarter, up from $1.3 billion, or $4.39 a share, in the year-earlier period. Sales rose to $15.9 billion from $14.4 billion. The FactSet consensus was for EPS of $5.03 and sales of $15.3 billion. The company is now expecting 2020 EPS of $23.65 to $23.95 and sales of $62.750 billion to $64.250 billion. The FactSet consensus is for 2020 EPS of $24.23 and sales of $62.623 billion. Shares have gained 50% in the last 12 months, while the S&P 500 has gained 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Stock drops of earnings reporters nearly 50 points off the Dow's price
Date: Tue, 28 Jan 2020 12:38:34 GMT
From feeds.marketwatch

Shares of the three Dow Jones Industrial Average components that reported fourth-quarter earnings early Tuesday are falling in premarket trading, and shaving a combined 49 points off the Dow's price. Dow futures rose 135 points. 3M Co.'s stock dropped 2.6% ahead of the open after the company missed profit expectations, with the implied price decline acting as a 30-point drag on the Dow. United Technologies Corp.'s stock lost 1.6% despite topping profit and sales expectations. The stock's price decline would lower the Dow by about 16 points. Pfizer Inc. shares shed 1.2% to cut about 3 points off the Dow, after the drugmaker missed profit expectations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Bausch Health, Clearside Biomedical publish data on eye drug
Date: Tue, 28 Jan 2020 12:36:41 GMT
From feeds.marketwatch

Shares of Bausch Health Companies Inc. were up 0.3% in premarket trading on Tuesday after it announced the publication of late-stage trial data for an investigational eye therapy it is developing with Clearside Biomedical Inc. . Clearside's stock was up 9%. The experimental therapy, Xipere, is being tested as a treatment for macular edema associated with uveitis. The Phase 3 study, called the Peachtree Study, showed that about half of the patients taking the treatment had an improvement in visual acuity. Bausch's stock is up 17% over the last 52 weeks, while shares of Clearside have gained 161%. The Health Care Sector Sector SPDR Fund , an exchange-traded fund, has climbed about 14%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



McDonald's adds two chicken sandwiches to breakfast menu
Date: Tue, 28 Jan 2020 12:24:55 GMT
From feeds.marketwatch

McDonald's Corp. has added two chicken sandwiches, the Chicken McGriddle and McChicken Biscuit, to the breakfast menu for a limited time. The Chicken McGriddle substitutes griddle cakes for bread and puts a McChicken patty between them. The McChicken Biscuit puts the McChicken patty on a biscuit. The announcement comes amid a spike in chicken menu innovation across the fast-food space and McDonald's fourth-quarter earnings announcement on Wednesday. McDonald's stock has gained 14% over the last year while the Dow Jones Industrial Average is up 16.3% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Britain to let Huawei have limited role in 5G network
Date: Tue, 28 Jan 2020 12:23:29 GMT
From feeds.marketwatch

The U.K. on Tuesday announced it will let Chinese telecom equipment maker Huawei play a limited role in its 5G network. The U.K. said Huawei will be excluded from safety-critical networks and core security functions. The U.S. had put pressure on the U.K. to fully exclude Huawei, warning its security cooperation could be jeopardized.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



NantHealth shares jump on AI-based lung-cancer tool
Date: Tue, 28 Jan 2020 12:19:02 GMT
From feeds.marketwatch

Shares of NantHealth Inc. soared 56% in premarket trading on Tuesday after the company said it had developed an artificial intelligence software used to improve lung-cancer diagnoses. "With highly accurate tumor-region and lymphocyte detection, oncologists may better treat their patients," NantHealth CEO Dr. Patrick Soon-Shiong said in a news release. Earlier this month, NantHealth said it planned to sell its connected care business to Masimo Corp. for $47.2 million in cash. That deal is expected to close in the first quarter. NantHealth's stock is up 119% over the last 52 weeks, while the Health Care Sector Sector SPDR Fund , an exchange-traded fund, has gained 14%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



McCormick & Co shares sink after revenue miss, weak guidance
Date: Tue, 28 Jan 2020 12:17:07 GMT
From feeds.marketwatch

McCormick & Co. stock fell 7.3% in Tuesday premarket trading after the spice company reported fourth-quarter revenue that missed expectations and gave weak 2020 guidance. Net income totaled $213.4 million, or $1.59 per share, down from $214.0 million, or $1.60 per share last year. Adjusted EPS of $1.61 met the FactSet consensus. Sales of $1.48 billion was up from $1.47 billion last year but below the $1.52 billion FactSet outlook. For fiscal 2020, McCormick expects sales to grow 2% to 4%, driven by new products, marketing and expanded distribution. EPS is expected to be in the range of $5.15 to $5.25 and adjusted EPS in the range of $5.20 to $5.30. The FactSet consensus is for sales of $5.54 billion, which suggests a 3.6% increase, and EPS of $5.55. McCormick stock has gained 41.7% over the last year while the S&P 500 index is up 22.7% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Delphi Tech shares soar 53% premarket after $3.3 billion BorgWarner takeover
Date: Tue, 28 Jan 2020 12:12:30 GMT
From feeds.marketwatch

Shares of Delphi Technologies Plc soared 53% in premarket trade Tuesday, after BorgWarner Inc. said it's acquiring the company in all-stock deal with an enterprise value of about $3.3 billion. BorgWarner, which makes technology for combustion, hybrid and electric vehicles, said Delphi shareholders will receive 0.4534 shares of its stock for each Delphi share owned. Upon closing, BorgWarner shareholders will own about 84% of the combined company, with Delphi shareholders owning the remaining 16%. The deal is expected to strengthen BorgWarner's power electronics business. Delphi specializes in propulsion technologies to make cars more efficient. BorgWarner had sales of $10.17 billion in fiscal 2019, while Delphi had sales of $4.36 billion. The deal is expected to be "meaningfully accretive" to adjusted EPS in the second full year after closing and is expected to close in the second half. BorgWarner also announced that is board has approved a share buyback of up to $1 billion to be executed over the next three years. BorgWarner shares fell 8% premarket and have fallen 5.5% in the last 12 months through Monday, while the S&P 500 has gained 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Harley-Davidson stock sinks 7% after earnings, revenue fall short
Date: Tue, 28 Jan 2020 12:06:57 GMT
From feeds.marketwatch

Shares of Harley-Davidson Inc. are off 7% in premarket trading Tuesday after the motorcycle giant reported fourth-quarter revenue and earnings that came up short of expectations. The company reported net income of $13.5 million, or 9 cents a share, up from $495,000, or break-even on a per-share basis, in the year-ago quarter. After adjusting for restructuring-plan costs and the impact of recent tariffs, Harley saw earnings per share rise to 20 cents from 17 cents a year earlier. Analysts surveyed by FactSet had been expecting 24 cents. Motorcycle and related products revenue slipped to $874.1 million for the quarter from $955.6 million a year earlier, whereas analysts had been looking for $922 million. Harley said retail sales declined by 3.1%, marking the company's lowest sales rate of decline in 12 quarters. For the full year ahead, Harley expects motorcycle segment revenue of $4.53 billion to $4.66 billion, including $1.09 billion to $1.17 billion in the first quarter. Analysts surveyed by FactSet were modeling $4.63 billion in full-year revenue for 2020 and $1.21 billion for the first quarter. The stock has dropped 14% over the past three months, as the S&P 500 has risen 6.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



The Moneyist: aItas sad that people are so greedy.a My sister persuaded my father to sell his home and leave her everything a can I fight this?
Date: Tue, 28 Jan 2020 21:05:33 GMT
From feeds.marketwatch
aShe talked my father into rewriting his living trust so that I and my other sister received $1 each.a


The Number One: Thereas only one stock millennials prefer over Amazon and Tesla
Date: Tue, 28 Jan 2020 20:14:46 GMT
From feeds.marketwatch
Apex Clearing recently unveiled its fourth-quarter Millennial 100 report, which analyzed more than 734,000 portfolios owned by U.S.-based investors with an average age of just over 31 years. Many of the names are probably exactly what youad expect, along with perhaps a surprise or two.


E-commerce surge sparks questions about reliability of same-store sales metric
Date: Tue, 28 Jan 2020 20:06:20 GMT
From feeds.marketwatch
Experts say there should be a discussion about metrics besides same-store sales now that so much shopping is done online.


Flaw in Zoom allowed intruders to illegally eavesdrop on meetings
Date: Tue, 28 Jan 2020 19:59:04 GMT
From feeds.marketwatch
A hack that let intruders eavesdrop on meetings over Zoom Video Communications Inc., the popular video-conferencing service used by more than 60% of the Fortune 500, has been detected and resolved.


The Technical Indicator: Charting near-term technical damage, S&P 500 ventures under key support
Date: Tue, 28 Jan 2020 17:58:35 GMT
From feeds.marketwatch
Technically speaking, the S&P 500 has pulled in sharply from recent record highs, pressured amid the most aggressive selling pressure since October, writes Michael Ashbaugh.


NerdWallet: Bad shopping habits youare going to have to break
Date: Tue, 28 Jan 2020 15:48:39 GMT
From feeds.marketwatch
You donat have to stop spending entirely, just need to pick your purchases more carefully.


Super Bowl ticket prices nearing $9,000 a hereas whatas driving the cost
Date: Tue, 28 Jan 2020 15:45:33 GMT
From feeds.marketwatch
Fans of the San Francisco 49ers and the Kansas City Chiefs see their team play in the Super Bowl on Sunday, Feb. 2.


Earnings Outlook: Facebook earnings preview: Ready for another strong quarter
Date: Tue, 28 Jan 2020 15:35:21 GMT
From feeds.marketwatch
Despite a challenging regulatory environment, growing antitrust scrutiny, ad targeting headwinds, the social media behemoth is poised to announce strong second-quarter results.


This couple is one year away from having enough money to retire early a hereas what they did
Date: Tue, 28 Jan 2020 15:20:36 GMT
From feeds.marketwatch
How to get to financial independence.


Earnings Results: AMD stock slides as outlook falls below Wall Street view
Date: Tue, 28 Jan 2020 22:20:52 GMT
From feeds.marketwatch
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip makeras outlook fell below Wall Street estimates and data-center sales did not come in as well as expected.


Earnings Results: Apple stock gains after record earnings, upbeat forecast
Date: Tue, 28 Jan 2020 21:42:39 GMT
From feeds.marketwatch
Apple Inc. posted record quarterly results for its holiday quarter while easily topping expectations for revenue and earnings.


The Moneyist: aItas sad that people are so greedy.a My sister persuaded my father to sell his home and leave her everything a can I fight this?
Date: Tue, 28 Jan 2020 21:05:33 GMT
From feeds.marketwatch
aShe talked my father into rewriting his living trust so that I and my other sister received $1 each.a


The Number One: Thereas only one stock millennials prefer over Amazon and Tesla
Date: Tue, 28 Jan 2020 20:14:46 GMT
From feeds.marketwatch
Apex Clearing recently unveiled its fourth-quarter Millennial 100 report, which analyzed more than 734,000 portfolios owned by U.S.-based investors with an average age of just over 31 years. Many of the names are probably exactly what youad expect, along with perhaps a surprise or two.


E-commerce surge sparks questions about reliability of same-store sales metric
Date: Tue, 28 Jan 2020 20:06:20 GMT
From feeds.marketwatch
Experts say there should be a discussion about metrics besides same-store sales now that so much shopping is done online.


Flaw in Zoom allowed intruders to illegally eavesdrop on meetings
Date: Tue, 28 Jan 2020 19:59:04 GMT
From feeds.marketwatch
A hack that let intruders eavesdrop on meetings over Zoom Video Communications Inc., the popular video-conferencing service used by more than 60% of the Fortune 500, has been detected and resolved.


The Technical Indicator: Charting near-term technical damage, S&P 500 ventures under key support
Date: Tue, 28 Jan 2020 17:58:35 GMT
From feeds.marketwatch
Technically speaking, the S&P 500 has pulled in sharply from recent record highs, pressured amid the most aggressive selling pressure since October, writes Michael Ashbaugh.


NerdWallet: Bad shopping habits youare going to have to break
Date: Tue, 28 Jan 2020 15:48:39 GMT
From feeds.marketwatch
You donat have to stop spending entirely, just need to pick your purchases more carefully.


U.S. national debt projected to rise to $31.4 trillion by 2030: CBO
Date: Tue, 28 Jan 2020 22:09:19 GMT
From feeds.marketwatch
The U.S. federal debt held by the public is expected to rise to $31.4 trillion by the end of 2030, the Congressional Budget Office said in its semi-annual forecast released Tuesday.


Market Snapshot: Dow closes higher to snap 5-day losing streak after worst single session loss since October
Date: Tue, 28 Jan 2020 21:58:53 GMT
From feeds.marketwatch
U.S stocks close higher Tuesday, a day after worries about the impact of Chinaas coronavirus outbreak on global economic growth sparked the biggest one-day selloff since early October.


Bond Report: Treasury yields climb as stocks recover from steep drop as virus worries wane
Date: Tue, 28 Jan 2020 21:14:23 GMT
From feeds.marketwatch
U.S. Treasury yields rise Tuesday as investors take a breather from the coronavirus worries, which helped spark the biggest single-day drop in major equity indexes in several months.


The Moneyist: aHe owed a lot of back taxes.a My ex-husband forgot to sign paperwork to split a sizable investment account a then he died. Can his estate claim that money?
Date: Tue, 28 Jan 2020 20:32:55 GMT
From feeds.marketwatch
aThe investment company says the account is now all mine. Is that true?a


Metals Stocks: Gold retreats from a more than 6-year high as traders assess China virus outbreak
Date: Tue, 28 Jan 2020 19:01:55 GMT
From feeds.marketwatch
Gold futures end lower Tuesday, as investor worries over the spread of Chinaas coronavirus abated somewhat, a day after prices rose to a more than six-year high. Analysts, however, said gold and other havens remain likely to see support on adverse developments regarding the outbreak.


The Technical Indicator: Charting near-term technical damage, S&P 500 ventures under key support
Date: Tue, 28 Jan 2020 17:58:35 GMT
From feeds.marketwatch
Technically speaking, the S&P 500 has pulled in sharply from recent record highs, pressured amid the most aggressive selling pressure since October, writes Michael Ashbaugh.


Encore: Are retiree housing patterns stable enough to borrow against home equity?
Date: Tue, 28 Jan 2020 17:54:23 GMT
From feeds.marketwatch
Recent study shows that most people donat move


How to keep your retirement accounts safe
Date: Tue, 28 Jan 2020 17:48:24 GMT
From feeds.marketwatch
The financial services industry is a top target for scammers.


The Tell: S&P 500 companies are complaining about tariffs despite Trump trade deal
Date: Tue, 28 Jan 2020 17:11:58 GMT
From feeds.marketwatch
Major U.S. stock benchmark indexes climbed steadily in the lead up to the signing earlier this month of a U.S. - China trade deal, but many large U.S. firms do not share investorsa optimism.


Apple iPhone back to growth after a year's slump
Date: Tue, 28 Jan 2020 17:21:26 -0500
From feeds.reuters
Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.


Starbucks sees hit as coronavirus prompts over 2,000 China store closures
Date: Tue, 28 Jan 2020 17:11:27 -0500
From feeds.reuters
Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market.


Airbus faces $4 billion fine after international bribery probe
Date: Tue, 28 Jan 2020 17:04:51 -0500
From feeds.reuters
Airbus faces a $4 billion fine and sharply lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.


Brazil antitrust regulator gives nod to Boeing-Embraer deal
Date: Tue, 28 Jan 2020 17:04:24 -0500
From feeds.reuters
Brazilian antitrust regulator Cade on Monday approved Boeing Co's purchase of Embraer SA's commercial aviation division without restrictions, according to a statement on the agency's website.


U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO says
Date: Tue, 28 Jan 2020 17:04:13 -0500
From feeds.reuters
The U.S. economy will grow at a "solid" rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but the federal budget deficit will hit $1.02 trillion.


AMD revenue forecast disappoints on weak console demand
Date: Tue, 28 Jan 2020 16:55:35 -0500
From feeds.reuters
Advanced Micro Devices Inc forecast current-quarter revenue below analysts' estimates on Tuesday, as demand wanes from console makers ahead of new launches.


Exclusive: OxyContin maker Purdue is 'Pharma Co X' in U.S. opioid kickback probe - sources
Date: Tue, 28 Jan 2020 16:54:35 -0500
From feeds.reuters
OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter.


EBay forecasts first-quarter revenue below estimates, shares fall
Date: Tue, 28 Jan 2020 16:53:34 -0500
From feeds.reuters
EBay Inc forecast first-quarter revenue below Wall Street targets on Tuesday, as the e-commerce company faces fierce competition from bigger rival Amazon.com Inc , sending its shares down about 3% after the bell.


Exclusive: Do or die - Nissan takes the axe to the house Ghosn built
Date: Tue, 28 Jan 2020 16:48:33 -0500
From feeds.reuters
Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said.


Global stocks rally in big rebound, safe-havens lose luster
Date: Tue, 28 Jan 2020 16:30:41 -0500
From feeds.reuters
Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets eased as investors took a less pessimistic view of the potential economic fallout from China's coronavirus outbreak.


Apple sparks Wall Street bounce ahead of results
Date: Tue, 28 Jan 2020 16:20:47 -0500
From feeds.reuters
U.S. stocks rebounded on Tuesday, as the S&P 500 bounced back from its worst day in nearly four months, led by a climb in Apple and other names hit by exposure concerns to the coronavirus outbreak in China that sparked a recent sell-off.


Deutsche Bank delays raises to fixed pay after changing annual date for pay adjustments
Date: Tue, 28 Jan 2020 16:11:25 -0500
From feeds.reuters
Deutsche Bank AG has delayed raises to fixed pay compensation at the German bank by three months until after April 1, citing the need to further improve cost management, according to a memo seen by Reuters on Tuesday.


Blink and you missed it: the U.S. yield curve inverted again
Date: Tue, 28 Jan 2020 16:04:48 -0500
From feeds.reuters
A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.


Lordstown Motors pursuing $200 million U.S. retooling loan, will show EV truck at Detroit show: CEO
Date: Tue, 28 Jan 2020 15:36:51 -0500
From feeds.reuters
Electric pickup truck start-up Lordstown Motors is pursuing a $200 million loan from a U.S. Energy Department program to retool a former General Motors factory in northeast Ohio, Chief Executive Steve Burns told Reuters.


Oil edges up as stock markets rebound after virus-related selloff
Date: Tue, 28 Jan 2020 15:31:51 -0500
From feeds.reuters
Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.


3M forecasts 2020 profit below estimates on weak China demand
Date: Tue, 28 Jan 2020 15:28:03 -0500
From feeds.reuters
U.S. industrial giant 3M Co forecast 2020 profit below expectations after narrowly missing quarterly revenue estimates on Tuesday as weak demand from China dents overall growth.


Atlantia shares rise on hopes for truce with Italian government
Date: Tue, 28 Jan 2020 15:16:03 -0500
From feeds.reuters
Atlantia shares gained more than 6% on Tuesday as comments from a minister rekindled hopes that the infrastructure group could reach a compromise with the government over its lucrative motorway concession.


Defying Trump, UK's Johnson refuses to ban Huawei from 5G
Date: Tue, 28 Jan 2020 15:05:43 -0500
From feeds.reuters
Prime Minister Boris Johnson granted Huawei a limited role in Britain's 5G mobile network on Tuesday, frustrating a global attempt by the United States to exclude the Chinese telecoms giant from the West's next-generation communications.


Reaction to UK allowing Huawei a role in 5G network
Date: Tue, 28 Jan 2020 15:05:43 -0500
From feeds.reuters
Britain will allow "high risk vendors" like Chinese telecoms giant Huawei a limited role in building its 5G networks, the government said on Tuesday.


U.S. laments UK decision allowing Huawei a limited 5G role: aide
Date: Tue, 28 Jan 2020 15:05:43 -0500
From feeds.reuters
The United States is disappointed by the United Kingdom's decision to grant Chinese telecommunications firm Huawei a limited role in its 5G mobile network, a senior Trump administration official said on Tuesday.


Chipotle Fined $1.3 Million for More Than 13,000 Child Labor Violations
Date: Tue, 28 Jan 2020 04:12:47 +0000
From https:
(BOSTON) -- Chipotle was hit with a $1.3 million fine over more than 13,000 child labor violations at its Massachusetts restaurants, the state's attorney general announced Monday. Attorney General Maura Healey ordered the largest child labor penalty ever issued by the state against the Mexican restaurant chain after finding an estimated 13,253 child labor violations...

Hounslow trader avoids jail in 'flash crash' case
Date: Tue, 28 Jan 2020 21:56:49 GMT
From https:
Navinder Sarao pleaded guilty in 2016 to fraud and "spoofing" the stock market.

Huawei set for limited role in UK 5G networks
Date: Tue, 28 Jan 2020 18:00:03 GMT
From https:
The US failed to convince the prime minister to ban the Chinese firm from any involvement.

Neil Woodford: Investor 'feels let down' over losses
Date: Tue, 28 Jan 2020 15:36:41 GMT
From https:
Thousands of investors are told what they will receive as Neil Woodford's stricken fund is wound up.

Flybe: Ryanair's Michael O'Leary accuses Sajid Javid of being 'misleading'
Date: Tue, 28 Jan 2020 14:38:38 GMT
From https:
Michael O'Leary accuses the chancellor of making "inaccurate" statements over the rescue of Flybe.

Banks asked to explain 40% overdraft rates
Date: Tue, 28 Jan 2020 09:30:39 GMT
From https:
The City watchdog says most banks have set "very similar prices" under the new rules.

RBS: Developer who bought jet and yacht loses case against bank
Date: Tue, 28 Jan 2020 11:35:14 GMT
From https:
Oliver Morley, who alleged a controversial division of the bank ruined his firm, has lost his case.

Airbus settles corruption probe for a!3.6bn
Date: Tue, 28 Jan 2020 18:44:26 GMT
From https:
The settlement deal is still subject to approval by courts in the UK, France and the US.

Beeching rail cuts: Fund to help restore lines goes ahead amid criticism
Date: Tue, 28 Jan 2020 15:44:36 GMT
From https:
The transport secretary unveils the first two railway lines to receive funding to restore rural services.

Migrant salary threshold fall 'would boost public sector'
Date: Tue, 28 Jan 2020 17:05:35 GMT
From https:
Reducing the minimum by APS4,400 would help recruit NHS staff and teachers, says an independent committee.

Insurer Aviva apologises to mistaken Michaels
Date: Tue, 28 Jan 2020 01:06:13 GMT
From https:
Several thousand customers receive an apology from Aviva after they were all wrongly called Michael.

Northern rail franchise: Your tales of 'atrocious' service
Date: Tue, 28 Jan 2020 14:44:50 GMT
From https:
Commuters and business owners in one village express their frustration about rail disruption.

Coronavirus: Facebook staff told to avoid China travel
Date: Tue, 28 Jan 2020 07:07:29 GMT
From https:
The social media giant has become the first big American company to tell its employees not to travel.

Sainsbury's pledges APS1bn to cut emissions to zero by 2040
Date: Tue, 28 Jan 2020 09:11:24 GMT
From https:
The retailer says it can hit "net zero" by 2040 with action on food waste, packaging and water use.

Hound of Hounslow: Who is Navinder Sarao, the 'flash crash trader'?
Date: Tue, 28 Jan 2020 21:23:26 GMT
From https:
A self-taught British trader has been sentenced for his role in a APS1tn US stock market crash.

Huawei: Is it a security threat and what will be its role in UK 5G?
Date: Tue, 28 Jan 2020 12:29:07 GMT
From https:
Is Chinese tech giant Huawei really a security risk, and what will be its role in the UK's 5G network?

Examining the effects of Brexit on a Worthing pharmaceutical firm
Date: Tue, 28 Jan 2020 07:18:20 GMT
From https:
Once the UK leaves the EU, new drugs will have to be tested here and in Europe.

Apple stock rises 3% as earnings, revenue top estimates
Date: Tue, 28 Jan 2020 21:33:39 GMT
From feeds.marketwatch
Apple stock rises 3% as earnings, revenue top estimates

EBay shares down 2% on weak first-quarter revenue outlook
Date: Tue, 28 Jan 2020 21:27:03 GMT
From feeds.marketwatch
EBay shares down 2% on weak first-quarter revenue outlook

AMD stock falls 4% after light first-quarter outlook
Date: Tue, 28 Jan 2020 21:17:56 GMT
From feeds.marketwatch
AMD stock falls 4% after light first-quarter outlook

J.Crew hires former Victoriaas Secret exec Jan Singer as CEO
Date: Tue, 28 Jan 2020 21:10:50 GMT
From feeds.marketwatch
J.Crew hires former Victoriaas Secret exec Jan Singer as CEO

U.S. stocks end higher, rebounding from biggest selloff since October
Date: Tue, 28 Jan 2020 21:02:05 GMT
From feeds.marketwatch
U.S. stocks end higher, rebounding from biggest selloff since October

Millennial investors like this 1 stock even more than Amazon and Tesla
Date: Tue, 28 Jan 2020 19:41:55 GMT
From feeds.marketwatch
Millennial investors like this 1 stock even more than Amazon and Tesla

The U.S. national debt is projected to rise to $31.4 trillion by 2030, CBO says
Date: Tue, 28 Jan 2020 19:08:12 GMT
From feeds.marketwatch
The U.S. national debt is projected to rise to $31.4 trillion by 2030, CBO says

The Dow is up more than 200 points, recouping about half its big Monday loss
Date: Tue, 28 Jan 2020 18:30:50 GMT
From feeds.marketwatch
The Dow is up more than 200 points, recouping about half its big Monday loss

Coronavirus update: Vaccine stocks fall and 20 U.S. airports add screening
Date: Tue, 28 Jan 2020 18:15:54 GMT
From feeds.marketwatch
Coronavirus update: Vaccine stocks fall and 20 U.S. airports add screening

The S&P 500 has fallen under a key support level, this technical indicator says
Date: Tue, 28 Jan 2020 18:04:11 GMT
From feeds.marketwatch
The S&P 500 has fallen under a key support level, this technical indicator says

The Margin: More Americans are booking it to the library than going to the movies
Date: Tue, 28 Jan 2020 16:31:06 -0500
From feeds.marketwatch
Young adults, women and low-income families visited libraries the most a and zoos the least.


The Moneyist: My siblings live with my mother rent-free. She uses her savings to pay for their bills, groceries and cellphones a what can I do?
Date: Tue, 28 Jan 2020 16:13:27 -0500
From feeds.marketwatch
aIn helping her, I found that most months she runs a deficit. She will pull from her savings to cover gaps.a


The Moneyist: aItas sad that people are so greedy.a My sister persuaded my father to sell his home and leave her everything a can I fight this?
Date: Tue, 28 Jan 2020 16:05:33 -0500
From feeds.marketwatch
aShe talked my father into rewriting his living trust so that I and my other sister received $1 each.a


The Moneyist: I own a house with my mother. Her boyfriend, 75, made sexual comments to my 11-year-old daughter. My mom said, aThatas just the way men area a what can I do?
Date: Tue, 28 Jan 2020 15:59:23 -0500
From feeds.marketwatch
aMy father gave me half of the ownership of the house when he died.A If I ask her to leave and buy her out, she would be homeless or stuck at a retirement home.a


aThis is a novel coronavirus.a As infections exceed 4,500, hereas how the illness has spread across the world so rapidly
Date: Tue, 28 Jan 2020 15:55:28 -0500
From feeds.marketwatch
aFrom observations, the virus is capable of transmission even during incubation period,a says Ma Xiaowei, the director of Chinaas National Health Commission.


Outside the Box: Avoid these 3 estate-planning mistakes and make probate cheaper and easier for your loved ones
Date: Tue, 28 Jan 2020 15:35:42 -0500
From feeds.marketwatch
At the very least, fill out simple forms to make sure your bank accounts and investments immediately go to your heirs


The Moneyist: aHe owed a lot of back taxes.a My ex-husband forgot to sign paperwork to split a sizable investment account a then he died. Can his estate claim that money?
Date: Tue, 28 Jan 2020 15:32:55 -0500
From feeds.marketwatch
aThe investment company says the account is now all mine. Is that true?a


The Number One: Thereas only one stock millennials prefer over Amazon and Tesla
Date: Tue, 28 Jan 2020 15:14:46 -0500
From feeds.marketwatch
Apex Clearing recently unveiled its fourth-quarter Millennial 100 report, which analyzed more than 734,000 portfolios owned by U.S.-based investors with an average age of just over 31 years. Many of the names are probably exactly what youad expect, along with perhaps a surprise or two.


The Margin: Nike sold out of Kobe Bryant gear online a it wasnat pulled
Date: Tue, 28 Jan 2020 15:04:57 -0500
From feeds.marketwatch
Now some Kobe sneakers, jerseys and trading cards are selling for upwards of a thousand dollars on eBay and StockX


TaxWatch: Meet the Americans who are first in line to file their taxes
Date: Tue, 28 Jan 2020 14:34:49 -0500
From feeds.marketwatch
Tax season just started, and these people are already done filing.