Markets
MI minimum wage climbs to $9.25 on January 1
Wages will continue to rise incrementally over the next several years. But the overall impact could cause ripples beyond the minimum-wage earners. The amendment raised the wage from $4.25 to $6.85 an hour in 2007, elevating Ohio's rate above the national rate. [Full Article...]
SoftBank reportedly buys major stake in Uber at a big discount
An Uber spokesman confirmed the $48 billion valuation in an emailed statement. Sources familiar with the matter told The Wall Street Journal on Thursday that Uber employees and investors have tendered shares equal to around 20 percent of the company. [Full Article...]
Investors Recap on NXP Semiconductors NV (NXPI)
Pennant Capital Management Llc who had been investing in Apache Corp for a number of months, seems to be bullish on the $16.34B market cap company. The stock decreased 0.12% or $0.06 during the last trading session, reaching $49.98. After $5.02 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts 1.59% EPS growth. [Full Article...]
Maryland Capital Management Has Lifted Holding in Celgene Corp (CELG)
Boyd Watterson Asset Management Ltd Liability Co Oh owns 3,393 shares for 0.24% of their portfolio. The company's outstanding shares are 1.06 Billion. Celgene (NASDAQ: CELG ) last posted its earnings results on Thursday, October 26th. The rating was reinitiated by PiperJaffray with "Neutral" on Monday, October 23. [Full Article...]
Institutional Investors Are Betting On Genworth Financial Inc (NYSE:GNW)
Compass Point downgraded Genworth Financial , Inc. Overland Advisors Llc sold 251,060 shares as Genworth Finl Inc (GNW)'s stock declined 8.54%. (NYSE:GNW) for 1.80 million shares. (NYSE:GNW) or 41,257 shares. Litespeed Management Llc bought 525,000 shares as the company's stock declined 8.54% while stock markets rallied. The hedge fund held 1.67M shares of the life insurance company at the end of... [Full Article...]
Comcast Corporation (NASDAQ: CMCSA)
The stock decreased 1.04% or $0.425 during the last trading session, reaching $40.395. Nomura Holding Inc holds 5.57 million shares. Comcast Corporation ( CMCSA ) analysts on average have given a price target of $44.87 on CMCSA stock. [Full Article...]
Rajon Rondo had the most assists in a game since 1996
With All-Star frontcourt duo Anthony Davis and DeMarcus Cousins at their disposal, the New Orleans Pelicans needed to bring in a playmaker to feed them and chose one of the best in the National Basketball Association. Nets: Visit Miami on Friday night. New Orleans' lead was trimmed to just 14 points before the Pelicans went back to playing out of the low post to rebuild an 15-point lead. [Full Article...]
Hot Tickers: Endo International plc (ENDP), Taiwan Semiconductor Manufacturing Company Limited (TSM)
About 1.30 million shares traded. BAILLIE GIFFORD & CO owned 1.63% of Taiwan Semiconductor Manufacturing Company Limited ( TSM ) worth $1.32 billion at the end of the most recent reporting period. After $0.57 actual EPS reported by Taiwan Semiconductor Manufacturing Company Limited for the previous quarter, Wall Street now forecasts 5.26% EPS growth. [Full Article...]