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Abccolumbia.com
The ink is barely dry on the secret agreement that will soon bring Amazon to Long Island City, but some New Yorkers are already working to crush the deal. On Wednesday afternoon, one day after the news was officially confirmed, a broad coalition of ...
Amazon got over $42 million worth of free publicity from its
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 Sterling tumbled on Thursday after a series of resignations rocked Prime Minister Theresa May's government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled.
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 J.C. Penney shares sink nearly 11% after sales miss
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 Apple's stock bounces after Morgan Stanley recommends buying the dip
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 Britain is now more likely to
either stay in the European Union or leave it in a "no deal"
Brexit than depart under the terms presented by Prime Minister
Theresa May, analysts from U.S. bank Citi said on
Thursday.
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Prime Minister Theresa May
battled on Thursday to save a draft divorce deal with the
European Union after her Brexit secretary and other ministers
quit in protest at an agreement they say will trap Britain in
the bloc's orbit for years.
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Despite a flourishing economy, it's a tough time for historic retailers.
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2018-11-15 0001193125-18-327445 128 KB
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 Fed rate hikes are now ‘hurting asset prices,' says Ray Dalio
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The number of Americans filing applications for jobless aid unexpectedly rose last week, but claims for three big states were estimated because of Monday's Veterans Day holiday, which could have influenced the data.
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 The selloff in bitcoin continues Thursday, sliding to yet another yearly low and on track for a fourth straight losing session.
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 Energizer Holdings Inc. announced Thursday a deal to buy Spectrum Brands Holdings Inc.'s global auto care business in a cash and stock deal valued at $1.25 billion. Spectrum's stock was up 0.7% in premarket trade, while Energizer' stock was still inactive. The battery maker also said it has amended its agreement with Spectrum regarding the proposed $2.0 billion acquisition of Spectrum's battery and portable lighting business, and proposed a remedy to the European Commission's concerns over the acquisition. Energizer said its proposal to the EC includes divesting the Europe-based Varta consumer battery business, which would reduce the expected purchase price to $1.4 billion to $1.5 billion. The purchase of the auto care business will be financed through $938 million in cash and $312 million worth of newly issued shares. Earlier, Energizer reported a fiscal fourth-quarter profit that topped expectations but sales that missed. Energizer's stock has rallied 17% year to date through Wednesday, while Spectrum shares have plunged 39% and the S&P 500 has gained 1.1%.
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.
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Amazon will move to the seat of U.S. government with new headquarters in Northern Virginia — not to fight regulators but to join them. Government oversight can hinder business. But it works to the advantage of industry incumbents who spend big money to gain political influence.
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* Oil nudges higher for second day after 12-day losing
streak
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Fortune
J.C. Penney is bucking the retail industry trend, but not in the good way. The struggling department store chain reported that comparable sales fell 5.4% in the third fiscal quarter, far worse than the 0.8% declined analysts expected according to
JC Penney's sales drop 5.4 percent while new CEO and CFO say they need more time to assess the busines
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Wall Street Journal
Walmart Inc. WMT -1.37% posted higher quarterly sales, continuing a string of solid growth as the world's largest retailer taps into online shopping and a robust U.S. economy ahead of the busy holiday season. Sales in U.S. stores open at least a year
Here's everything you need to know about Walmart earnings
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Walmart's earnings were another feather in the cap for retail, even if revenue just missed estimates. Strong online and same-store results are arguably the big takeaways. Cisco also looked good, and Nvidia waits in the wings.
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Facebook hired a Republican opposition-research firm to discredit activists critical of the social network, according to a New York Times report, linking them to the liberal philanthropist.
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U.S. stocks opened lower on Thursday, with hopes of a trade negotiation between the United States and China being offset by mixed results from retailers and a slide in growth stocks including Facebook and Amazon.com Inc .
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The social network faced scrutiny for working with the consulting firm, which tried to discredit critics and rivals of the Silicon Valley giant.
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Oil prices have begun to fall, but these stocks still look ripe to outperform over the long haul.
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Newsweek
It's common knowledge that Thanksgiving is one of the biggest travel times of the entire year and to help people get to their destinations easier, Google Maps gave travelers insight into when the best and worst times to get on the move. The bad news is
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Futures for Canada's main stock index
edged higher on Thursday on stabilising oil prices, along with
signs of easing trade dispute between the U.S. and China.
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Dell Technologies Inc. said Thursday it is sweetening its proposed offer to buy out an affiliate and return to public markets, after facing strong pushback from shareholders. The company said shareholders of DVMT, which is meant to track Dell's stake in the fast-growing VMware Inc. software unit, will now be offered $120 in cash, subject to a cash cap of $14 billion, or 1.5043 to 1.8130 Class C shares for each share owned. The move increase the aggregate implied value to Class V shareholders by about $2.2 billion, the company said in a statement, confirming an earlier report in the Wall Street Journal. The company has binding agreements to vote in favor of the sweetened deal from Dodge & Cox, Elliott Management, Canyon Partners and Mason Capital
Management, which between them own about 17% of the Class V common stock. "Given there will be no public market for Dell Technologies Class C shares prior to closing, the variable exchange ratio is specifically designed to provide protection to Class V stockholders on the value of the Class C stock consideration," said the statement. The $120 implied value per share implies a market cap of $23.9 billion for the tracking stock. The Class V shareholders will end up owning about 17% to 33% of Dell Technologies, depending on the cash and stock elections and final exchange ratio. The company will fund the sweetened offer with debt financing. It will further enhance governance rights for the Class C shareholders by allowing them to elect one director starting at the company's 2020 annual meeting. The vote for the deal is still scheduled for Dec. 11 and is expected to close by year-end. Shares rose 1.1% premarket and have gained 30% in 2018, while the S&P 500 has gained 1.1%.
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.
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Investors buy gilts as Westminster politics take a turbulent turn; global stocks pick up
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* UK resignations plunge UK government into fresh Brexit
crisis
(Adding details, updating prices)
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When Warren Buffett chomps on old tech companies, it's time to look out below. That happened with IBM, Apple has fallen 19% from its peak, and Oracle seems stuck in the mud.
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U.S. National Guard
troops fanned out to scour the ruins of the devastated town of
Paradise on Thursday for remains of victims as 130 people
remained listed as missing in California's deadliest wildfire on
record, whose death toll has risen to 56.
The "Camp Fire" blaze last Thursday incinerated the Sierra
foothills town, once home to 27,000 people. Most of the missing
in and around Paradise, which lies about 175 miles (280 km)
north of San Francisco, are aged
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The Federal Reserve has raised interest rates to a level that's now starting to put the bite on asset prices, says billionaire investor Ray Dalio in a television interview on Thursday.
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News of the resignation of the U.K.'s Brexit secretary hits banks and smaller-company shares as the pound plunges and questions swirl over the future of the U.K.'s deal.
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U.S. National Guard
troops fanned out to scour the ruins of the devastated town of
Paradise on Thursday for remains of victims as 130 people
remained listed as missing in California's deadliest wildfire on
record, whose death toll has risen to 56.
The "Camp Fire" blaze last Thursday obliterated the Sierra
foothills town of Paradise, once home to 27,000 people. Most of
the missing in and around Paradise, which lies about 175 miles
(280 km) north of San Francis
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Wall Street Journal
WASHINGTON—American consumers picked up their spending in October, a sign fourth-quarter outlays began on a strong footing amid a robust labor market and high consumer confidence. Sales at retail stores and restaurants rose 0.8% from the prior ...
US Retail Sales Rise Most in Five Months on Autos, Gasoline
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Dillard's Inc. shares slid 8% in premarket trade Thursday, after the company missed profit estimates for its latest quarter and said discounts weighed on margins. The department store chain said it had net income of $7.4 million, or 27 cents a share, in its fiscal third quarter to Nov. 3, down from $14.5 million, or 50 cents a share, in the year-earlier period. Sales rose to $1.419 billion from $1.355 billion. The FactSet consensus was for EPS of 56 cents and sales of $1.397 billion. Same-store sales rose 3% to beat the FactSet consensus of 1%. "While we are encouraged by our 3% comparable sales performance, this was a disappointing quarter as markdowns weighed heavily on gross margin, particularly in the first month," Chief Executive William Dillard said in a statement. "However, operating performance improved as the quarter progressed and sales turned positive." Shares have gained 22.9% in 2018 through Wednesday's close, while the S&P 500 has gained 1.1%.
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.
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A correction in the S&P 500 Index may be followed by new all-time highs.
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The SEC requirement that institutional investors vote on all proxy statements has led to adverse outcomes. Rule changes that strengthen conflict of interest disclosures and relax institutional investors requirements to vote on all proxy statements would help reduce these costs.
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U.S. stock benchmarks on Thursday opened modestly lower as investors wrestled with the implications of a hard Brexit for domestic financail markets--the latest in a series of nagging concerns for the market. Prime Minister Theresa May's attempt at staging an orderly exit from the European Union is in jeopardy after several resignations of high-level officials and mounting questions about her leadership. A so-called hard Brexit for the U.K. could roil global financial markets, market participants fear. The Dow Jones Industrial Average was down 174 points, or 0.7%, at 24,918, the S&P 500 index fell 0.8% at 2,681, while the Nasdaq Composite Index declined 0.4% at 7,107.
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.
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U.S. stocks benchmarks look poised to open near unchanged on Thursday amid ongoing turmoil with Britain's attempt at an orderly exit from the European Union.
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Sterling tumbled and the rest of Europe's share markets groaned on Thursday after a long-awaited Brexit agreement was thrown into chaos as Britain's chief negotiator for the deal quit just hours after it had been unveiled.
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Washington Post
Virginia learned it had won the biggest economic development contest in U.S. history when a low-profile state official got a phone call in the parking lot of a Wendy's restaurant in the Shenandoah Valley at 2 p.m. Monday. The call to Stephen Moret
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Asian stocks rose on Thursday, taking heart from a bounce in Chinese shares on news that China has delivered a written response to U.S. trade demands, while oil prices resumed their retreat on fears of oversupply.
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Attorneys representing the Trump administration laid out an expansive view of a president's power to control media access at a court hearing stemming from the revocation of a CNN reporter's press credential.
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The Tax Cuts and Jobs Act that Congress passed last December is likely to produce some winners and losers when taxpayers file their returns next tax season.
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CNBC
Jim Cramer's job is to keep in touch with what's hot and what's not on Wall Street and to help investors make sense of the stock market's swings. And recently, technology play Twilio has really impressed the CNBC host. "Some companies are so incredibly ...
What to do When You See a Bear: Cramer's 'Ma
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AMS AG cut its forecast late Wednesday, adding to a number of Apple Inc. suppliers cutting outlooks because of lower-than-expected sales. AMS said it sees fourth-quarter revenue of $480 million to $520 million, down from its forecast of $570 million to $610 million made in late October, because of "recent demand changes from a major consumer customer." Analysts surveyed by FactSet had estimated revenue of $617.6 million. Over the week, suppliers Lumentum Holdings Inc. and Qorvo Inc. warned of lower-than-expected sales.
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.
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It's long been a common refrain on Wall Street and more recently among the suddenly-rich Silicon Valley types. Nowadays, you'll just as likely hear those words thrown around by devotees to the concept of FIRE (financial independence, retire early).
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Results for the three months ending in September show that Uber is still growing quickly but is likely to be unprofitable for some time.
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ISS is supporting Third Point's efforts to put five nominees on Campbell's board. It blamed the soup company's poor performance on shortcomings in M&A strategy and lack of focus.
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Kevin McCarthy of California defeated the conservative Jim Jordan, 159-43, while Mitch McConnell and Chuck Schumer kept their Senate leadership posts.
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 Uber's sales are dramatically slowing even as the ride-hailing company is spending more to fuel global growth, particularly in its food delivery business.
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Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives.
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Ride-hailing company is pushing to diversify ahead of blockbuster IPO next year
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 Uber revenue grew 38% as losses widened in third quarter
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Reuters
SAN FRANCISCO (Reuters) - Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after ...
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House Republicans on Wednesday chose Rep. Kevin McCarthy for their top leadership spot in the next session of Congress, putting a close ally of President Donald Trump at the helm as the party returns to the minority in the lower chamber of Congress.
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CNBC
PG&E shares plummet after company discloses 'electric incident' just before California wildfires 54 Mins Ago | 01:10. Shares of utility PG&E fell 25 percent on Wednesday after the company said that if its equipment is responsible for the "Camp Fire
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CNBC
Shares of Apple, a bellwether for the technology sector, entered a bear market on Wednesday as the decline from its recent all time high now totals more than 20 percent. Apple, which fell more than 2 percent Wednesday, was last seen trading around ...
Apple: Ignore The Noise
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PG&E shares plunged after the company said that if its equipment is responsible for the "Camp Fire," the cost of the damage would exceed its insurance coverage and harm its financial health.
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