Markets
Xerox CEO to Resign After Activist Pressure on Fujifilm Deal
Judge Barry Ostrager said in his order that Xerox's existing joint venture with Fujifilm would have made it hard but not impossible to pursue another deal that would have required a buyer to provide a cash payment to Xerox investors. Billionaire Paul Singer's activist fund, Elliott Management Corp., escalated pressure on Hyundai Motor Group on a plan to merge units. Xerox's new board had an ob... [Full Article...]
JB Hi-Fi cuts full-year profit forecast
JB Hi-Fi shares were down more than 8 percent at $23.44 at 0540 GMT, not far from an intraday low of $23.06. Year to date total sales growth hit 9%, down from 11% last year. The retailer has pledged to increase sales and market share, despite the adversely impacted gross margins in 2HY18. 'Whilst the challenging conditions in the home appliance market are expected to impact performance in the... [Full Article...]
Amazon Prime membership cost going up
Savant Capital LLC's holdings in Amazon .com were worth $5,129,000 at the end of the most recent reporting period. Amazon's shares have also outperformed the S&P 500 , rising 30 percent this year as of Thursday's market close compared with the S&P's less than 1 percent decline. [Full Article...]
Valero Energy Corporation (VLO) Sets Record High at $109.78 on April, 28
The company maintained its $2.7 billion capital expenditure forecast for the year. On Monday, March 19 Deutsche Bank maintained Valero Energy Corporation (NYSE: VLO ) rating. Moreover, Fisher Asset Mgmt Limited Company has 0.01% invested in Valero Energy Corporation (NYSE:VLO). Endurance Wealth Inc holds 0% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 130 shares. [Full Article...]
Analog Devices (ADI) Expected to Announce Quarterly Sales of $1.47 Billion
Wynne Eileen sold 5,209 shares worth $494,136. The hedge fund run by Paul Ruddock held 100,597 shares of the prepackaged software company at the end of 2017Q4, valued at $10.28M, down from 110,377 at the end of the previous reported quarter. [Full Article...]
Boeing (NYSE:BA) Raised to "Equal Weight" at Morgan Stanley
Westover Capital Advisors Ltd Liability Co invested in 1.07% or 6,585 shares. The stock decreased 2.15% or $7.32 during the last trading session, reaching $333.56. Natixis reported 513,031 shs stake. 1,236 are held by Pnc Financial Service Gru. Evanson Asset Ltd Company, California-based fund reported 6,029 shares. [Full Article...]
Prudential Financial, Inc. (PRU) Analysts See $2.93 EPS on May, 2
About 177,435 shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 1, 2017 and is uptrending. It has underperformed by 0.66% the S&P500. The investment professionals in our database now possess: 267.81 million shares, up from 265.93 million shares in 2017Q3. Accern also assigned headlines about the financial services provider an impact score of 45.7484018553985 out of 100, i... [Full Article...]
Anticipated $0.83 EPS for The Kraft Heinz Company (KHC) on May, 2
Oakworth Capital Inc. now owns 1,742 shares of the company's stock worth $141,000 after buying an additional 755 shares in the last quarter. 2,585,548 shares of the company's stock were exchanged, compared to its average volume of 5,053,129. [Full Article...]