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ChannelYahoo News - Latest News & Headlines    
RSS File: https://news.yahoo.com/rss/business
Description: The latest news and headlines from Yahoo! News. Get breaking news stories and in-depth coverage with videos and photos.
  • WeissLaw LLP Reminds ONDK and FSCT Shareholders About Its Ongoing Investigations      Fri, 14 Aug 2020 20:45:00 -0400

    WeissLaw LLP Reminds ONDK and FSCT Shareholders About Its Ongoing InvestigationsIf you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact:


    WeissLaw LLP Reminds ONDK and FSCT Shareholders About Its Ongoing InvestigationsIf you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact:


     

  • ROSEN, TOP RANKED NATIONAL INVESTOR ATTORNEYS, Reminds Bayer Aktiengesellschaft Investors of Important Deadline in Securities Class Action - BAYRY, BAYZF      Fri, 14 Aug 2020 20:45:00 -0400

    ROSEN, TOP RANKED NATIONAL INVESTOR ATTORNEYS, Reminds Bayer Aktiengesellschaft Investors of Important Deadline in Securities Class Action - BAYRY, BAYZFRosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Bayer Aktiengesellschaft (OTC: BAYRY, BAYZF) between May 23, 2016 and March 19, 2019, inclusive (the "Class Period"), of the important September 14, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Bayer investors under the federal securities laws.


    ROSEN, TOP RANKED NATIONAL INVESTOR ATTORNEYS, Reminds Bayer Aktiengesellschaft Investors of Important Deadline in Securities Class Action - BAYRY, BAYZFRosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Bayer Aktiengesellschaft (OTC: BAYRY, BAYZF) between May 23, 2016 and March 19, 2019, inclusive (the "Class Period"), of the important September 14, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Bayer investors under the federal securities laws.


     

  • OncoSec Medical Incorporated Announces Proposed Public Offering of Common Stock      Fri, 14 Aug 2020 20:42:00 -0400

    OncoSec Medical Incorporated Announces Proposed Public Offering of Common StockOncoSec Medical Incorporated (NASDAQ: ONCS) (the "Company" or "OncoSec") today announced that it intends to offer and sell shares of its common stock in a public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.


    OncoSec Medical Incorporated Announces Proposed Public Offering of Common StockOncoSec Medical Incorporated (NASDAQ: ONCS) (the "Company" or "OncoSec") today announced that it intends to offer and sell shares of its common stock in a public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.


     

  • Wood Residential to Manage Alta NV in Henderson, Nevada      Fri, 14 Aug 2020 20:41:00 -0400

    Wood Residential to Manage Alta NV in Henderson, NevadaWood Residential Services, a national leader in multi-family real estate management, announced today its contract to manage the recently completed luxury apartment community Alta NV in Henderson, Nevada.


    Wood Residential to Manage Alta NV in Henderson, NevadaWood Residential Services, a national leader in multi-family real estate management, announced today its contract to manage the recently completed luxury apartment community Alta NV in Henderson, Nevada.


     

  • Telecom Argentina S.A. announces consolidated results for the six month period ("1H20") and second quarter of fiscal year 2020 ("2Q20")      Fri, 14 Aug 2020 20:37:00 -0400

    Telecom Argentina S.A. announces consolidated results for the six month period ("1H20") and second quarter of fiscal year 2020 ("2Q20")Note: For the figures included in their FFSS, the Company has accounted for the effects of inflation adjustment adopted by Resolution 777/18 of the Comisión Nacional de Valores ("CNV"), which establishes that the restatement will be applied to the annual financial statements, for intermediate and special periods ended as of December 31, 2018 inclusive. Accordingly, the reported figures corresponding to 1H20 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of 1H20 and vs. 1H19 mentioned in this press release correspond to "figures restated by inflation" or "constant".


    Telecom Argentina S.A. announces consolidated results for the six month period ("1H20") and second quarter of fiscal year 2020 ("2Q20")Note: For the figures included in their FFSS, the Company has accounted for the effects of inflation adjustment adopted by Resolution 777/18 of the Comisión Nacional de Valores ("CNV"), which establishes that the restatement will be applied to the annual financial statements, for intermediate and special periods ended as of December 31, 2018 inclusive. Accordingly, the reported figures corresponding to 1H20 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of 1H20 and vs. 1H19 mentioned in this press release correspond to "figures restated by inflation" or "constant".


     

  • WeissLaw LLP Reminds GLIBA and GSB Shareholders About Its Ongoing Investigations      Fri, 14 Aug 2020 20:35:00 -0400

    WeissLaw LLP Reminds GLIBA and GSB Shareholders About Its Ongoing InvestigationsIf you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact:


    WeissLaw LLP Reminds GLIBA and GSB Shareholders About Its Ongoing InvestigationsIf you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact:


     

  • German vaccine maker CureVac surges almost 250% in Nasdaq debut      Fri, 14 Aug 2020 20:34:54 -0400

    German vaccine maker CureVac surges almost 250% in Nasdaq debutShares of German biotech company CureVac, which is developing a leading coronavirus vaccine candidate, rocketed Friday in its first day of trading in New York after raising more than $200 million in an initial public offering.


    German vaccine maker CureVac surges almost 250% in Nasdaq debutShares of German biotech company CureVac, which is developing a leading coronavirus vaccine candidate, rocketed Friday in its first day of trading in New York after raising more than $200 million in an initial public offering.


     

  • ROSEN, A GLOBALLY RECOGNIZED FIRM, Announces Filing of Securities Class Action Lawsuit Against MEI Pharma, Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm - MEIP      Fri, 14 Aug 2020 20:34:00 -0400

    ROSEN, A GLOBALLY RECOGNIZED FIRM, Announces Filing of Securities Class Action Lawsuit Against MEI Pharma, Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm - MEIPRosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of MEI Pharma, Inc. (NASDAQ: MEIP) between August 2, 2017 and July 1, 2020, inclusive (the "Class Period"). The lawsuit seeks to recover damages for MEI Pharma investors under the federal securities laws.


    ROSEN, A GLOBALLY RECOGNIZED FIRM, Announces Filing of Securities Class Action Lawsuit Against MEI Pharma, Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm - MEIPRosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of MEI Pharma, Inc. (NASDAQ: MEIP) between August 2, 2017 and July 1, 2020, inclusive (the "Class Period"). The lawsuit seeks to recover damages for MEI Pharma investors under the federal securities laws.


     

  • Taiwan finalizes $62bn purchase of F-16 jets from Lockheed Martin      Fri, 14 Aug 2020 20:33:23 -0400

    Taiwan finalizes $62bn purchase of F-16 jets from Lockheed MartinTaiwan finalized the purchase of F-16 fighter jets from US aircraft manufacturer Lockheed Martin on Friday, a source confirmed to AFP, in a $62 billion, 10-year deal sure to anger Beijing.


    Taiwan finalizes $62bn purchase of F-16 jets from Lockheed MartinTaiwan finalized the purchase of F-16 fighter jets from US aircraft manufacturer Lockheed Martin on Friday, a source confirmed to AFP, in a $62 billion, 10-year deal sure to anger Beijing.


     

  • SHAREHOLDER ALERT: WeissLaw LLP Reminds REXN and TORC Shareholders About Its Ongoing Investigations      Fri, 14 Aug 2020 20:25:00 -0400

    SHAREHOLDER ALERT: WeissLaw LLP Reminds REXN and TORC Shareholders About Its Ongoing InvestigationsIf you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact:


    SHAREHOLDER ALERT: WeissLaw LLP Reminds REXN and TORC Shareholders About Its Ongoing InvestigationsIf you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact:


     

  • Japan PM Abe sends ritual offering to war dead shrine on World War Two 75th anniversary      Fri, 14 Aug 2020 20:23:32 -0400

    Japan PM Abe sends ritual offering to war dead shrine on World War Two 75th anniversaryJapanese Prime Minister Shinzo Abe sent a ritual offering to Yasukuni Shrine for war dead on Saturday, the 75th anniversary of Japan's World War Two defeat, a ruling party lawmaker said, but refrained from a personal visit that would anger Beijing and Seoul. Past visits by Japanese leaders to Yasukuni have outraged South Korea and China because the shrine, dedicated to the country's 2.5 million war dead, also honors 14 Japanese wartime leaders convicted as war criminals by an Allied tribunal.


    Japan PM Abe sends ritual offering to war dead shrine on World War Two 75th anniversaryJapanese Prime Minister Shinzo Abe sent a ritual offering to Yasukuni Shrine for war dead on Saturday, the 75th anniversary of Japan's World War Two defeat, a ruling party lawmaker said, but refrained from a personal visit that would anger Beijing and Seoul. Past visits by Japanese leaders to Yasukuni have outraged South Korea and China because the shrine, dedicated to the country's 2.5 million war dead, also honors 14 Japanese wartime leaders convicted as war criminals by an Allied tribunal.


     

  • Trump Orders TikTok’s Parent to Sell Its U.S. Assets      Fri, 14 Aug 2020 20:21:16 -0400

    Trump Orders TikTok’s Parent to Sell Its U.S. Assets(Bloomberg) -- President Donald Trump on Friday ordered the Chinese owner of the popular music video app TikTok to sell its U.S. assets, citing national security concerns.Trump’s decision came after an investigation by the Committee on Foreign Investment in the U.S., which reviews acquisitions of American businesses by overseas investors. ByteDance Ltd. bought the app Musical.ly in 2017 and merged it with TikTok.Trump said in the order released Friday night that ByteDance “might take action that threatens to impair the national security of the United States.”Treasury Secretary Steven Mnuchin said in a statement, “CFIUS conducted an exhaustive review of the case and unanimously recommended this action to the president in order to protect U.S. users from exploitation of their personal data.”The White House did not immediately respond to a request for comment on Friday night. TikTok also didn’t immediately comment on the new order.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


    Trump Orders TikTok’s Parent to Sell Its U.S. Assets(Bloomberg) -- President Donald Trump on Friday ordered the Chinese owner of the popular music video app TikTok to sell its U.S. assets, citing national security concerns.Trump’s decision came after an investigation by the Committee on Foreign Investment in the U.S., which reviews acquisitions of American businesses by overseas investors. ByteDance Ltd. bought the app Musical.ly in 2017 and merged it with TikTok.Trump said in the order released Friday night that ByteDance “might take action that threatens to impair the national security of the United States.”Treasury Secretary Steven Mnuchin said in a statement, “CFIUS conducted an exhaustive review of the case and unanimously recommended this action to the president in order to protect U.S. users from exploitation of their personal data.”The White House did not immediately respond to a request for comment on Friday night. TikTok also didn’t immediately comment on the new order.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


     

  • Mississippi's next state flag could have featured a giant mosquito. 'It’s their state,' designer says.      Fri, 14 Aug 2020 20:19:43 -0400

    Mississippi's next state flag could have featured a giant mosquito. 'It’s their state,' designer says.Thomas Rosete created the Mosquito Flag as a joke, but it briefly appeared to have made it to the second round of 147 designs.


    Mississippi's next state flag could have featured a giant mosquito. 'It’s their state,' designer says.Thomas Rosete created the Mosquito Flag as a joke, but it briefly appeared to have made it to the second round of 147 designs.


     

  • Postal Service warns states: Some absentee, mail-in ballots may not be delivered in time to be counted      Fri, 14 Aug 2020 20:18:58 -0400

    Postal Service warns states: Some absentee, mail-in ballots may not be delivered in time to be countedThe USPS told election officials that ballots requested by their deadlines and promptly mailed back may not be delivered in time to be counted.


    Postal Service warns states: Some absentee, mail-in ballots may not be delivered in time to be countedThe USPS told election officials that ballots requested by their deadlines and promptly mailed back may not be delivered in time to be counted.


     

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Software Acquisition Group, Inc.      Fri, 14 Aug 2020 20:15:00 -0400

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Software Acquisition Group, Inc.WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Software Acquisition Group, Inc. ("SAQN" or the "Company") (NASDAQ: SAQN) in connection with SAQN's merger with privately-held Curiosity Stream Inc. ("CuriosityStream"). Under the terms of the proposed transaction, a newly formed wholly-owned subsidiary of SAQN will acquire CuriosityStream through a reverse merger and result in CuriosityStream becoming a publicly-listed company. The deal has an enterprise value of approximately $331 million and equity value of approximately $512 million. Following the consummation of the transaction, existing SAQN stockholders (other than the founders) and PIPE investors are expected to own only 34% of the combined entity.


    SHAREHOLDER ALERT: WeissLaw LLP Investigates Software Acquisition Group, Inc.WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Software Acquisition Group, Inc. ("SAQN" or the "Company") (NASDAQ: SAQN) in connection with SAQN's merger with privately-held Curiosity Stream Inc. ("CuriosityStream"). Under the terms of the proposed transaction, a newly formed wholly-owned subsidiary of SAQN will acquire CuriosityStream through a reverse merger and result in CuriosityStream becoming a publicly-listed company. The deal has an enterprise value of approximately $331 million and equity value of approximately $512 million. Following the consummation of the transaction, existing SAQN stockholders (other than the founders) and PIPE investors are expected to own only 34% of the combined entity.


     

  • Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal Service      Fri, 14 Aug 2020 20:13:58 -0400

    Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal ServiceUnited Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially "significant" delays. "FedEx does accept individual ballots, and we advise that customers planning to return their ballots via FedEx should closely review their state's guidelines on absentee voting and deadlines for ballots or related election documents," FedEx said.


    Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal ServiceUnited Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially "significant" delays. "FedEx does accept individual ballots, and we advise that customers planning to return their ballots via FedEx should closely review their state's guidelines on absentee voting and deadlines for ballots or related election documents," FedEx said.


     

  • Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal Service      Fri, 14 Aug 2020 20:13:58 -0400

    Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal ServiceUnited Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially "significant" delays. "FedEx does accept individual ballots, and we advise that customers planning to return their ballots via FedEx should closely review their state's guidelines on absentee voting and deadlines for ballots or related election documents," FedEx said.


    Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal ServiceUnited Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially "significant" delays. "FedEx does accept individual ballots, and we advise that customers planning to return their ballots via FedEx should closely review their state's guidelines on absentee voting and deadlines for ballots or related election documents," FedEx said.


     

  • Citi’s $900 Million Blunder Raises Stakes in Revlon Showdown      Fri, 14 Aug 2020 20:12:42 -0400

    Citi’s $900 Million Blunder Raises Stakes in Revlon Showdown(Bloomberg) -- Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.It was a mistake for the ages -- a “clerical error,” as Citigroup told lenders -- that’s now plunged the bank into a battle between the Perelman empire and a corps of sharp-edged investment funds that have become its impatient creditors.One financier involved likened the surprise payment to finding a fortune on the sidewalk. And, as of late Friday, several hedge funds who claim Revlon was in default on the loan were showing no signs that they’ll be giving Citigroup its money back.The wayward transfer of nearly a billion dollars appears to be one of the biggest screw-ups on Wall Street in ages, and it’s set tongues wagging in financial markets. The question everyone is asking: how could this happen?A spokeswoman for Citi declined to comment. A representative for Revlon said in an emailed statement that Revlon itself didn’t pay down the loan, or any portion of it.“It’s a billion-dollar clerical error,” said Michael Stanton, a former restructuring and bankruptcy adviser. “This is probably knocking around some very big rooms at Citibank.”Acceleration DemandAt the center of the story is an increasingly ugly battle between Revlon and a group of lenders who sued the cosmetics company and demanded immediate repayment of a term loan that Revlon has coming due in 2023. Working with UMB Bank, the lenders are claiming that Revlon shifted some intellectual property rights that had been backing their loan into collateral for new debt.The lenders, including Brigade Capital Management, Symphony Asset Management and HPS Investment Partners, are seeking a court order forcing the return of the collateral, which includes brand trademarks. Citi, the administrative agent on the loan, was also named as a defendant in the lawsuit, although it was in the process of resigning from the agent role.Around the same time the lawsuit was filed, the nearly $900 million -- an amount equal to the full principal value of the loan, plus accrued interest -- landed in the lenders’ bank accounts, according to people familiar with the matter. Now, Brigade, Symphony and HPS are among that are refusing to hand the cash back, said the people, who asked not to be named discussing a private matter.“This is what the investors asked for -- they wanted their loan to be paid off,” said Bloomberg Intelligence senior distressed debt analyst Phil Brendel. “Given their suit is against Citibank as well, it isn’t clear why they would hand the money back.”The payment was a particularly welcome surprise considering that the loan trades for less than 30 cents on the dollar, signaling that investors have dim hopes of getting a full recovery under normal circumstances.Citi on Friday had yet to receive a majority of the funds back, though repayments continued to trickle in, the people said. The mistaken payment was first reported by LevFin Insights.Read more: Revlon sued over collateral for takeover-deal loanRevlon said it would fight UMB’s “meritless” lawsuit and that the bank doesn’t have standing to sue because it’s not the agent on the loan.“This group of lenders has repeatedly resorted to baseless accusations in an attempt to enrich themselves and hurt the company by blocking Revlon from exercising its contractual rights to secure the financing necessary to execute our turnaround strategy and navigate the Covid-19 crisis,” Revlon said in an earlier statement.Revlon, controlled by Perelman’s MacAndrews & Forbes, has struggled to remain relevant and stem falling sales amid competition from Estee Lauder Cos. and a host of smaller companies using social media to lure customers. The cosmetics company has been hit hard by the pandemic and is seeking to rework its $3 billion of borrowings.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


    Citi’s $900 Million Blunder Raises Stakes in Revlon Showdown(Bloomberg) -- Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.It was a mistake for the ages -- a “clerical error,” as Citigroup told lenders -- that’s now plunged the bank into a battle between the Perelman empire and a corps of sharp-edged investment funds that have become its impatient creditors.One financier involved likened the surprise payment to finding a fortune on the sidewalk. And, as of late Friday, several hedge funds who claim Revlon was in default on the loan were showing no signs that they’ll be giving Citigroup its money back.The wayward transfer of nearly a billion dollars appears to be one of the biggest screw-ups on Wall Street in ages, and it’s set tongues wagging in financial markets. The question everyone is asking: how could this happen?A spokeswoman for Citi declined to comment. A representative for Revlon said in an emailed statement that Revlon itself didn’t pay down the loan, or any portion of it.“It’s a billion-dollar clerical error,” said Michael Stanton, a former restructuring and bankruptcy adviser. “This is probably knocking around some very big rooms at Citibank.”Acceleration DemandAt the center of the story is an increasingly ugly battle between Revlon and a group of lenders who sued the cosmetics company and demanded immediate repayment of a term loan that Revlon has coming due in 2023. Working with UMB Bank, the lenders are claiming that Revlon shifted some intellectual property rights that had been backing their loan into collateral for new debt.The lenders, including Brigade Capital Management, Symphony Asset Management and HPS Investment Partners, are seeking a court order forcing the return of the collateral, which includes brand trademarks. Citi, the administrative agent on the loan, was also named as a defendant in the lawsuit, although it was in the process of resigning from the agent role.Around the same time the lawsuit was filed, the nearly $900 million -- an amount equal to the full principal value of the loan, plus accrued interest -- landed in the lenders’ bank accounts, according to people familiar with the matter. Now, Brigade, Symphony and HPS are among that are refusing to hand the cash back, said the people, who asked not to be named discussing a private matter.“This is what the investors asked for -- they wanted their loan to be paid off,” said Bloomberg Intelligence senior distressed debt analyst Phil Brendel. “Given their suit is against Citibank as well, it isn’t clear why they would hand the money back.”The payment was a particularly welcome surprise considering that the loan trades for less than 30 cents on the dollar, signaling that investors have dim hopes of getting a full recovery under normal circumstances.Citi on Friday had yet to receive a majority of the funds back, though repayments continued to trickle in, the people said. The mistaken payment was first reported by LevFin Insights.Read more: Revlon sued over collateral for takeover-deal loanRevlon said it would fight UMB’s “meritless” lawsuit and that the bank doesn’t have standing to sue because it’s not the agent on the loan.“This group of lenders has repeatedly resorted to baseless accusations in an attempt to enrich themselves and hurt the company by blocking Revlon from exercising its contractual rights to secure the financing necessary to execute our turnaround strategy and navigate the Covid-19 crisis,” Revlon said in an earlier statement.Revlon, controlled by Perelman’s MacAndrews & Forbes, has struggled to remain relevant and stem falling sales amid competition from Estee Lauder Cos. and a host of smaller companies using social media to lure customers. The cosmetics company has been hit hard by the pandemic and is seeking to rework its $3 billion of borrowings.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


     

  • Elon Musk says 'embarrassingly late' two-factor is coming to Tesla app      Fri, 14 Aug 2020 20:11:54 -0400

    Elon Musk says 'embarrassingly late' two-factor is coming to Tesla appTesla CEO Elon Musk acknowledged Friday that the company was ‘embarrassingly late’ rolling out a security layer known as two-factor authentication for its mobile app. Musk said in April that the additional security layer was "coming soon."


    Elon Musk says 'embarrassingly late' two-factor is coming to Tesla appTesla CEO Elon Musk acknowledged Friday that the company was ‘embarrassingly late’ rolling out a security layer known as two-factor authentication for its mobile app. Musk said in April that the additional security layer was "coming soon."


     

  • Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal Service      Fri, 14 Aug 2020 20:10:51 -0400

    Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal ServiceUnited Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially "significant" delays. "FedEx does accept individual ballots, and we advise that customers planning to return their ballots via FedEx should closely review their state's guidelines on absentee voting and deadlines for ballots or related election documents," FedEx said.


    Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal ServiceUnited Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially "significant" delays. "FedEx does accept individual ballots, and we advise that customers planning to return their ballots via FedEx should closely review their state's guidelines on absentee voting and deadlines for ballots or related election documents," FedEx said.


     

  • Thousands of miles from home, coronavirus took their lives — and the economic lifelines of their families      Fri, 14 Aug 2020 20:07:40 -0400

    Thousands of miles from home, coronavirus took their lives — and the economic lifelines of their familiesThey died in the United States of COVID-19. Finally, their ashes are returning to Mexico.


    Thousands of miles from home, coronavirus took their lives — and the economic lifelines of their familiesThey died in the United States of COVID-19. Finally, their ashes are returning to Mexico.


     

  • Sabesp - Material Fact      Fri, 14 Aug 2020 20:07:00 -0400

    Sabesp - Material FactCompanhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Sabesp" or "Company"), in compliance with the provisions of Article 157, Paragraph 4, of Law 6,404/76 and the provisions of Instruction 358 of the Brazilian Securities and Exchange Commission ("CVM"), informs to its shareholders and the market in general that, in continuity to the Material Facts dated on March 19, April 9, June 3 and July 1, 2020, the São Paulo State Sanitation and Energy Regulatory Agency (ARSESP) published Resolution nº 1,038, extending the exemption from paying water/sewage bills, due in August, for consumers in the "Residencial Social" and "Residencial Favela (Shantytown)" categories.


    Sabesp - Material FactCompanhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Sabesp" or "Company"), in compliance with the provisions of Article 157, Paragraph 4, of Law 6,404/76 and the provisions of Instruction 358 of the Brazilian Securities and Exchange Commission ("CVM"), informs to its shareholders and the market in general that, in continuity to the Material Facts dated on March 19, April 9, June 3 and July 1, 2020, the São Paulo State Sanitation and Energy Regulatory Agency (ARSESP) published Resolution nº 1,038, extending the exemption from paying water/sewage bills, due in August, for consumers in the "Residencial Social" and "Residencial Favela (Shantytown)" categories.


     

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Churchill Capital Corp III      Fri, 14 Aug 2020 20:05:00 -0400

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Churchill Capital Corp IIINEW YORK, Aug. 14, 2020 WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Churchill Capital Corp III ("CCXX" or the "Company") (NYSE: CCXX) in connection with the Company's proposed merger with privately-held healthcare cost management company MultiPlan, Inc. ("MultiPlan"). Under the terms of the merger agreement, CCXX will fold into MultiPlan and cease to exist, resulting in one publicly-traded entity with existing MultiPlan investors. This structure will result in current MultiPlan equity holders and new PIPE investors owning 62% of the surviving entity, with former public shareholders of CCXX owning from 16% to as little as 4.2% of the newly-combined company.


    SHAREHOLDER ALERT: WeissLaw LLP Investigates Churchill Capital Corp IIINEW YORK, Aug. 14, 2020 WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Churchill Capital Corp III ("CCXX" or the "Company") (NYSE: CCXX) in connection with the Company's proposed merger with privately-held healthcare cost management company MultiPlan, Inc. ("MultiPlan"). Under the terms of the merger agreement, CCXX will fold into MultiPlan and cease to exist, resulting in one publicly-traded entity with existing MultiPlan investors. This structure will result in current MultiPlan equity holders and new PIPE investors owning 62% of the surviving entity, with former public shareholders of CCXX owning from 16% to as little as 4.2% of the newly-combined company.


     

  • A grand Gordon Kaufmann-designed mansion hits the market in Hancock Park      Fri, 14 Aug 2020 19:59:48 -0400

    A grand Gordon Kaufmann-designed mansion hits the market in Hancock ParkA Hancock Park home designed by Gordon B. Kaufmann, who designed the Hoover Dam and the Los Angeles Times building, has come on the market for $13.5 million.


    A grand Gordon Kaufmann-designed mansion hits the market in Hancock ParkA Hancock Park home designed by Gordon B. Kaufmann, who designed the Hoover Dam and the Los Angeles Times building, has come on the market for $13.5 million.


     

  • Can Nvidia Stock Live Up to the Q2 Hype? 5-Star Analyst Weighs In      Fri, 14 Aug 2020 19:57:44 -0400

    Can Nvidia Stock Live Up to the Q2 Hype? 5-Star Analyst Weighs InMost of the tech giants have reported Q2 earnings but one marquee name has yet to present its quarterly statement. Next Wednesday, August 19, GPU heavyweight Nvidia (NVDA) will report F2Q21 results.Nvidia has been one of the main beneficiaries of the viral outbreak’s consequences. The WFH culture and shelter in place measures inadvertently played into Nvidia’s two core strengths – Data Center and Gaming.Looking ahead to the print, Rosenblatt analyst Hans Mosesmann expects Nvidia to deliver the goods and anticipates the company will post “a slight beat.”The latest report will also mark the first full quarter in which the impact of newly acquired data specialist Mellanox will come into play.Driven by the pandemic’s tailwinds, Mosesmann anticipates “continued momentum” in Data Center and with the addition of Mellanox expects “low teens quarter-over-quarter growth.” The 5-star analyst cites “increased demand from work-from-home dynamics, solid backlog and visibility, and strong traction from the new Ampere,” as reasons to be confident in the segment’s performance.The Mellanox acquisition was a significant milestone and is expected to make up 12% of total revenue, strongly contributing to Data Center growth.As for Gaming, Mosesmann predicts a “low single-digits quarter-over-quarter uptick,” driven by COVID-19 and the shift to e-tail channels. These will be slightly offset by the closure of retail stores.Mosesmann also expects Nvidia’s Automotive segment to offset the overall positivity. So do Nvidia management, who have guided for a 40% quarter-over-quarter decline.But looking ahead, Mosesmann expects Nvidia’s out sized performance (up a whopping 94% year-to-date) to continue and guides for “mid-single-digit q/q growth,” in the October quarter.Summing up, the 5-star analyst said, “We see Nvidia well positioned to take advantage of key themes/trends over the next few quarters, including continued transition to software defined data center architectures, which includes both Ampere GPU compute momentum and the emergence of data processing (DPUs offloading of traditional CPU workloads) and the new gaming version of the 7nm Ampere GPU.”Accordingly, Mosesmann reiterated a Buy on NVDA shares alongside a $500 price target. The implication for investors? Upside of 8%. (To watch Mosesmann’s track record, click here)As far as Nvidia’s rating goes, the rest of the Street and Mosesmann are on the same page. Based on 26 Buys, 3 Holds and 1 Sell, Nvidia boasts a Strong Buy consensus rating. However, where price targets are concerned, the two diverge. Overall, going by the $415 average price target, Mosesmann’s colleagues expects the share price to decline by 9% in the year ahead. (See Nvidia stock analysis on TipRanks)Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.


    Can Nvidia Stock Live Up to the Q2 Hype? 5-Star Analyst Weighs InMost of the tech giants have reported Q2 earnings but one marquee name has yet to present its quarterly statement. Next Wednesday, August 19, GPU heavyweight Nvidia (NVDA) will report F2Q21 results.Nvidia has been one of the main beneficiaries of the viral outbreak’s consequences. The WFH culture and shelter in place measures inadvertently played into Nvidia’s two core strengths – Data Center and Gaming.Looking ahead to the print, Rosenblatt analyst Hans Mosesmann expects Nvidia to deliver the goods and anticipates the company will post “a slight beat.”The latest report will also mark the first full quarter in which the impact of newly acquired data specialist Mellanox will come into play.Driven by the pandemic’s tailwinds, Mosesmann anticipates “continued momentum” in Data Center and with the addition of Mellanox expects “low teens quarter-over-quarter growth.” The 5-star analyst cites “increased demand from work-from-home dynamics, solid backlog and visibility, and strong traction from the new Ampere,” as reasons to be confident in the segment’s performance.The Mellanox acquisition was a significant milestone and is expected to make up 12% of total revenue, strongly contributing to Data Center growth.As for Gaming, Mosesmann predicts a “low single-digits quarter-over-quarter uptick,” driven by COVID-19 and the shift to e-tail channels. These will be slightly offset by the closure of retail stores.Mosesmann also expects Nvidia’s Automotive segment to offset the overall positivity. So do Nvidia management, who have guided for a 40% quarter-over-quarter decline.But looking ahead, Mosesmann expects Nvidia’s out sized performance (up a whopping 94% year-to-date) to continue and guides for “mid-single-digit q/q growth,” in the October quarter.Summing up, the 5-star analyst said, “We see Nvidia well positioned to take advantage of key themes/trends over the next few quarters, including continued transition to software defined data center architectures, which includes both Ampere GPU compute momentum and the emergence of data processing (DPUs offloading of traditional CPU workloads) and the new gaming version of the 7nm Ampere GPU.”Accordingly, Mosesmann reiterated a Buy on NVDA shares alongside a $500 price target. The implication for investors? Upside of 8%. (To watch Mosesmann’s track record, click here)As far as Nvidia’s rating goes, the rest of the Street and Mosesmann are on the same page. Based on 26 Buys, 3 Holds and 1 Sell, Nvidia boasts a Strong Buy consensus rating. However, where price targets are concerned, the two diverge. Overall, going by the $415 average price target, Mosesmann’s colleagues expects the share price to decline by 9% in the year ahead. (See Nvidia stock analysis on TipRanks)Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.


     

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Arya Sciences Acquisition Corp II      Fri, 14 Aug 2020 19:55:00 -0400

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Arya Sciences Acquisition Corp IIWeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Arya Sciences Acquisition Corp II ("ARYBU" or the "Company") (Nasdaq: ARYBU) in connection with the Company's proposed merger with privately-held biopharmaceutical company Cerevel Therapeutics, Inc. ("Cerevel"). Under the terms of the merger agreement, ARYBU will fold into Cerevel and cease to exist, forming one publicly-traded entity with existing Cerevel investors and new PIPE investors. Cerevel's management team will continue to lead the combined company, which will trade on the Nasdaq stock exchange under the ticker CERE.


    SHAREHOLDER ALERT: WeissLaw LLP Investigates Arya Sciences Acquisition Corp IIWeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Arya Sciences Acquisition Corp II ("ARYBU" or the "Company") (Nasdaq: ARYBU) in connection with the Company's proposed merger with privately-held biopharmaceutical company Cerevel Therapeutics, Inc. ("Cerevel"). Under the terms of the merger agreement, ARYBU will fold into Cerevel and cease to exist, forming one publicly-traded entity with existing Cerevel investors and new PIPE investors. Cerevel's management team will continue to lead the combined company, which will trade on the Nasdaq stock exchange under the ticker CERE.


     

  • How to cancel an Uber Eats order and determine if you'll get a refund      Fri, 14 Aug 2020 19:53:00 -0400

    How to cancel an Uber Eats order and determine if you'll get a refundYou can cancel an Uber Eats order without contacting customer service or the restaurant by going to the "Orders" section of the Uber Eats or Uber app.


    How to cancel an Uber Eats order and determine if you'll get a refundYou can cancel an Uber Eats order without contacting customer service or the restaurant by going to the "Orders" section of the Uber Eats or Uber app.


     

  • Trump visits ailing brother, Robert, at NY hospital      Fri, 14 Aug 2020 19:46:00 -0400

    Trump visits ailing brother, Robert, at NY hospitalNEW YORK - President Donald Trump paid a visit Friday to his brother, Robert Trump, at a New York hospital after administration officials said the president's youngest brother was "very ill." The president entered New York-Presbyterian/Weill Cornell Medical Center in Manhattan wearing a face mask on Friday afternoon. "I have a wonderful brother," Trump said at a White House news conference. ...


    Trump visits ailing brother, Robert, at NY hospitalNEW YORK - President Donald Trump paid a visit Friday to his brother, Robert Trump, at a New York hospital after administration officials said the president's youngest brother was "very ill." The president entered New York-Presbyterian/Weill Cornell Medical Center in Manhattan wearing a face mask on Friday afternoon. "I have a wonderful brother," Trump said at a White House news conference. ...


     

  • The best drones under $500      Fri, 14 Aug 2020 19:45:22 -0400

    The best drones under $500Whether you're a first-time flyer or seasoned pilot, these six mid-tier drones are each packed with features.


    The best drones under $500Whether you're a first-time flyer or seasoned pilot, these six mid-tier drones are each packed with features.


     

  • 11 tips for finding a job when you're over 50, from an 'ageism' expert      Fri, 14 Aug 2020 19:43:54 -0400

    11 tips for finding a job when you're over 50, from an 'ageism' expertJob hunting is never easy, and during the COVID economy it's gotten even harder. But what if you're over 50? Ageism expert Kerry Hannon weighs in on whether older adults are more or less likely to be hired in today's market and what they can do to become more competitive.


    11 tips for finding a job when you're over 50, from an 'ageism' expertJob hunting is never easy, and during the COVID economy it's gotten even harder. But what if you're over 50? Ageism expert Kerry Hannon weighs in on whether older adults are more or less likely to be hired in today's market and what they can do to become more competitive.


     

  • Retailers Launch Lobbying Group to Fight Counterfeit Goods on Amazon      Fri, 14 Aug 2020 19:35:43 -0400

    Retailers Launch Lobbying Group to Fight Counterfeit Goods on Amazon(Bloomberg) -- More than a dozen trade groups are launching a new coalition aimed at forcing e-commerce companies such as Amazon.com Inc. to take stronger measures to fight stolen or counterfeit goods sold on their platforms.The industry associations, which represent Walmart Inc., Target Corp., and Best Buy Co. Inc. among other companies, announced on Friday they are founding The Buy Safe America Coalition to back legislation that would require digital marketplaces to verify information about third-party merchants.The lobbying push by retailers will only add to the scrutiny facing companies such as Amazon and EBay Inc. over their role in allowing counterfeit products from bicycles to jeans to be sold around the world. Lawmakers, President Donald Trump and companies have all been exploring ways to curb the deluge of fake goods online.The goal is “to continue to raise awareness about counterfeit and stolen goods,” among lawmakers in Washington and statehouses around the country, said Michael Hanson, senior executive vice president of public affairs for the Retail Leaders Industry Association, one of the coalition’s founding members. “Now, with the growth of people buying online because of this pandemic, it seems that this is getting worse.”In addition to RILA, the Toy Association, American Apparel & Footwear Association, the Fashion Jewelry and Accessories Trade Association and other industry groups are also joining the coalition.Together they are backing the so-called INFORM Consumers Act, which would require digital marketplaces to collect information about some third-party sellers such as their government ID, tax ID and bank account details. The legislation also would direct companies to disclose to shoppers their high-volume sellers’ names, phone numbers, business addresses and emails. The bill defines high-volume sellers as firms that make 200 or more sales in a year amounting to $5,000 or more. Senators Bill Cassidy, a Louisiana Republican, and Dick Durbin, an Illinois Democrat, introduced the bill in March. Democratic Representatives Jan Schakowsky of Illinois and Kathy Castor of Florida introduced a companion version in July.“The retailers, many of them are fighting for their lives, and they want to have as even a playing field as possible,” Schakowsky told Bloomberg earlier this summer, referring to the impact of the coronavirus pandemic on business. “I think equally, consumers are really hoping that they’re going to be able to get the same protections online” as they do at brick and mortar stores, she said.An Amazon spokesperson said in a statement the company has “developed many ways for sellers to share more about their business” with their customers.Amazon and Apple have acknowledged that counterfeit goods can be sold on their platforms, but say they invest in tools to identify fake listings and support law enforcement in their investigations of fraudulent sellers. Amazon announced in July that it would begin displaying sellers’ business names and addresses on their profile pages starting Sept. 1.Hanson and Rebecca Mond, vice president of federal government affairs at the Toy Association, said Amazon’s new policy doesn’t go far enough because the company isn’t committing to verifying the contact information it receives from the sellers.An Amazon spokesperson said the company already implements some of the practices outlined in the INFORM Consumers Act, including vetting potential third-party sellers.The proliferation of pirated and counterfeit goods on the internet has also caught the attention of the White House. The Department of Homeland Security in January recommended that the Trump administration seek permission to take legal action against third-party marketplaces that sell counterfeit merchandise, better track packages mailed from other countries and launch a consumer-awareness campaign, among other measures.The Department’s report also called on tech companies to more aggressively screen their vendors and create restrictions on products that are more likely to be counterfeited.“The costs that companies have to invest into protecting their brand and to policing these online marketplaces. I mean these are not insignificant costs,” said Mond. “The time to rely on voluntary measures or enforcement is done. We need to be looking at what needs to be implemented proactively to stop these products from getting up on the marketplace in the first place.”(Updates with new Amazon statement in 11th graph. A previous version of the story corrected the spelling of Schakowsky)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


    Retailers Launch Lobbying Group to Fight Counterfeit Goods on Amazon(Bloomberg) -- More than a dozen trade groups are launching a new coalition aimed at forcing e-commerce companies such as Amazon.com Inc. to take stronger measures to fight stolen or counterfeit goods sold on their platforms.The industry associations, which represent Walmart Inc., Target Corp., and Best Buy Co. Inc. among other companies, announced on Friday they are founding The Buy Safe America Coalition to back legislation that would require digital marketplaces to verify information about third-party merchants.The lobbying push by retailers will only add to the scrutiny facing companies such as Amazon and EBay Inc. over their role in allowing counterfeit products from bicycles to jeans to be sold around the world. Lawmakers, President Donald Trump and companies have all been exploring ways to curb the deluge of fake goods online.The goal is “to continue to raise awareness about counterfeit and stolen goods,” among lawmakers in Washington and statehouses around the country, said Michael Hanson, senior executive vice president of public affairs for the Retail Leaders Industry Association, one of the coalition’s founding members. “Now, with the growth of people buying online because of this pandemic, it seems that this is getting worse.”In addition to RILA, the Toy Association, American Apparel & Footwear Association, the Fashion Jewelry and Accessories Trade Association and other industry groups are also joining the coalition.Together they are backing the so-called INFORM Consumers Act, which would require digital marketplaces to collect information about some third-party sellers such as their government ID, tax ID and bank account details. The legislation also would direct companies to disclose to shoppers their high-volume sellers’ names, phone numbers, business addresses and emails. The bill defines high-volume sellers as firms that make 200 or more sales in a year amounting to $5,000 or more. Senators Bill Cassidy, a Louisiana Republican, and Dick Durbin, an Illinois Democrat, introduced the bill in March. Democratic Representatives Jan Schakowsky of Illinois and Kathy Castor of Florida introduced a companion version in July.“The retailers, many of them are fighting for their lives, and they want to have as even a playing field as possible,” Schakowsky told Bloomberg earlier this summer, referring to the impact of the coronavirus pandemic on business. “I think equally, consumers are really hoping that they’re going to be able to get the same protections online” as they do at brick and mortar stores, she said.An Amazon spokesperson said in a statement the company has “developed many ways for sellers to share more about their business” with their customers.Amazon and Apple have acknowledged that counterfeit goods can be sold on their platforms, but say they invest in tools to identify fake listings and support law enforcement in their investigations of fraudulent sellers. Amazon announced in July that it would begin displaying sellers’ business names and addresses on their profile pages starting Sept. 1.Hanson and Rebecca Mond, vice president of federal government affairs at the Toy Association, said Amazon’s new policy doesn’t go far enough because the company isn’t committing to verifying the contact information it receives from the sellers.An Amazon spokesperson said the company already implements some of the practices outlined in the INFORM Consumers Act, including vetting potential third-party sellers.The proliferation of pirated and counterfeit goods on the internet has also caught the attention of the White House. The Department of Homeland Security in January recommended that the Trump administration seek permission to take legal action against third-party marketplaces that sell counterfeit merchandise, better track packages mailed from other countries and launch a consumer-awareness campaign, among other measures.The Department’s report also called on tech companies to more aggressively screen their vendors and create restrictions on products that are more likely to be counterfeited.“The costs that companies have to invest into protecting their brand and to policing these online marketplaces. I mean these are not insignificant costs,” said Mond. “The time to rely on voluntary measures or enforcement is done. We need to be looking at what needs to be implemented proactively to stop these products from getting up on the marketplace in the first place.”(Updates with new Amazon statement in 11th graph. A previous version of the story corrected the spelling of Schakowsky)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


     

  • Warren Buffett Goes for Gold, Sells Major Bank Holdings      Fri, 14 Aug 2020 19:35:08 -0400

    Warren Buffett Goes for Gold, Sells Major Bank HoldingsInvesting legend reveals portfolio for the 2nd quarter Continue reading...


    Warren Buffett Goes for Gold, Sells Major Bank HoldingsInvesting legend reveals portfolio for the 2nd quarter Continue reading...


     

  • District Court Issues Rulings in Favor of Business Owners in COVID-19 Insurance Litigation      Fri, 14 Aug 2020 19:30:00 -0400

    District Court Issues Rulings in Favor of Business Owners in COVID-19 Insurance LitigationStueve Siegel Hanson, Langdon & Emison, Miller Schirger, and Shaffer Lombardo Shurin, recently secured one of the first favorable rulings for business owners denied pandemic-related business interruption coverage by their insurers.


    District Court Issues Rulings in Favor of Business Owners in COVID-19 Insurance LitigationStueve Siegel Hanson, Langdon & Emison, Miller Schirger, and Shaffer Lombardo Shurin, recently secured one of the first favorable rulings for business owners denied pandemic-related business interruption coverage by their insurers.


     

  • Jamie Salter Builds Empire From Washed-Up Retailers      Fri, 14 Aug 2020 19:26:15 -0400

    Jamie Salter Builds Empire From Washed-Up Retailers(Bloomberg) -- As bricks-and-mortar retailers face their biggest crisis yet, with a record number collapsing into bankruptcy even before the Covid-19 pandemic, one man is embracing them with both arms.Jamie Salter, the 57-year-old Canadian who founded and runs Authentic Brands Group LLC, has bought beaten-up names like Forever 21 Inc., Lucky Brand Dungarees LLC and Barneys New York Inc. On Friday, a bankruptcy judge approved his bid for the storied chain Brooks Brothers Group Inc.Starting with $250 million a decade ago, Salter manages a portfolio with retail revenue estimated at almost $15 billion ahead of the pandemic. Over the years, the focus has expanded from managing brands to buying up retail chains. His backers, BlackRock Inc. and General Atlantic LLC alongside Leonard Green & Partners LP, recently put an additional $600 million into the business and Salter now says he generally won’t look at deals under $1 billion.But even at that size, there are a lot of them.The latest acquisition spree has placed Authentic Brands at the center of the meltdown that’s wracked American retail. And with coronavirus ravaging an already ailing sector, Salter shows no signs of slowing down.“We feel that bricks and mortar is far better for us from a long-term standpoint,” Salter said in a telephone interview on Thursday. “If we have a store base in the U.S., it helps us build out the brand for multiple categories and more stores globally, plus having a store base also fuels your e-commerce strategy.”The man who once declined to run retailers has acquired or explored deals for some of the best-known American merchants, including J.C. Penney Co. which is still up for grabs in bankruptcy court.Retail ExpansionThe expansion into traditional retail is part of a strategy to compile a portfolio of brands that appeals to shoppers of every income level and predilection. E-commerce, at 25% of sales and growing, is a big piece, too.With backing from private-equity firm Leonard Green, Salter initially acquired niche labels like the Tapout mixed martial arts brand and solid workaday names like Prince Sports and and Tretorn shoes, along with a cache of celebrity licensing rights: Marilyn Monroe, Elvis Presley and Muhammad Ali.Early seeds of his more recent moves can be traced to his previous life as head of Hilco Consumer Capital LLC where he picked up some of the pieces of the last downturn -– the Great Recession -- teaming up with Gordon Brothers Group LLC to buy the brands for household names Linens ‘n’ Things Inc. and Polaroid.There, they built on a more traditional licensing and digital model. But in 2016, mall owners got into the mix. Salter teamed with Simon Property Group Inc. and the precursor to Brookfield Property Partners LP to buy the beat-up teen fashion retailer Aeropostale out of bankruptcy -- the same platform the three used for Forever 21 earlier this year. For Brooks Brothers, New York City-based Authentic has teamed with Simon Properties.Landlord PartnersSuch moves promise more control amid a wave of mall-based retailer bankruptcies, but the landlords were cautious.The success of Aeropostale made them more amenable to looking at other troubled names, especially as more physical stores closed. Simon Property Chief Executive Officer David Simon told investors on a call a year ago that his company was open to investing in more retailers -- as the bankruptcy of a major tenant, Forever 21, loomed.“If you don’t change that with what’s going on in the world, you get left behind, and David Simon has been a good leader in changing the model,” Salter said.Banding with his companies’ landlords has clear benefits for Authentic. “Bringing in a mall operator as a partner is a pretty smart move for them because it helps them manage a key part of the risk associated with those acquisitions,” including rents, said Greg Portell, lead partner in consulting firm A.T. Kearney Inc.’s global consumer practice. “And by creating this portfolio effect, they’re able to manage that risk better than either a brand owner or a single retailer would be able to.”Salter expects Authentic’s revenue from retail to rise by 50% to about $15 billion this year, pro-forma for the pending addition of Brooks Brothers, but not taking into account the impact of Covid-19. Not that Authentic hasn’t felt some pain -- Salter said the company had to make significant furloughs. It didn’t take money from the Paycheck Protection Program.Portell said Authentic’s expansion from brands to physical retail makes sense, notwithstanding a shift to more online shopping. “Owning brands that can’t reach consumers isn’t very helpful,” he said. “At some point, those wholesale channels get bottled up. What having storefronts does for Authentic Brands is give them an access point to consumers.” For the malls, Authentic can help with e-commerce, he said.Salter’s vision for the 200-year-old Brooks Brothers has elements of his previous playbooks, like potential brand collaborations.“We’re going to be very careful obviously with Brooks Brothers,” he said. “But there will be multiple collaborations. We’re going to focus on the sportswear area in a major way. Say we want to build an outerwear program that you and I are going to wear on the weekends -- maybe that’s a collaboration with Spyder.”Meanwhile, Forever 21 plans to introduce Elvis and Marilyn Monroe themed merchandise this holiday season and is performing “beyond my wildest expectations,” he said.Brand DistributionSalter said he’s been building brands his whole adult life, starting out at Wayler windsurfers and then Kemper and Ride snowboards. His four adult sons have followed him into the business and all work at Authentic, including his son, Corey, who serves as chief operating officer.“We’re not really buying retail, we’re buying distribution,” said Nick Woodhouse, Authentic’s president and chief marketing officer, whom Salter describes as his left brain to Salter’s right.Salter also exudes optimism, Woodhouse said of his fellow Canadian. “I am a glass half-full guy -- he’s the glass is full.”(Updates with Forever 21 plans in 20th paragraph and other details throughout. A previous version of this story corrected the name of one of Salter’s backers to BlackRock Inc.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


    Jamie Salter Builds Empire From Washed-Up Retailers(Bloomberg) -- As bricks-and-mortar retailers face their biggest crisis yet, with a record number collapsing into bankruptcy even before the Covid-19 pandemic, one man is embracing them with both arms.Jamie Salter, the 57-year-old Canadian who founded and runs Authentic Brands Group LLC, has bought beaten-up names like Forever 21 Inc., Lucky Brand Dungarees LLC and Barneys New York Inc. On Friday, a bankruptcy judge approved his bid for the storied chain Brooks Brothers Group Inc.Starting with $250 million a decade ago, Salter manages a portfolio with retail revenue estimated at almost $15 billion ahead of the pandemic. Over the years, the focus has expanded from managing brands to buying up retail chains. His backers, BlackRock Inc. and General Atlantic LLC alongside Leonard Green & Partners LP, recently put an additional $600 million into the business and Salter now says he generally won’t look at deals under $1 billion.But even at that size, there are a lot of them.The latest acquisition spree has placed Authentic Brands at the center of the meltdown that’s wracked American retail. And with coronavirus ravaging an already ailing sector, Salter shows no signs of slowing down.“We feel that bricks and mortar is far better for us from a long-term standpoint,” Salter said in a telephone interview on Thursday. “If we have a store base in the U.S., it helps us build out the brand for multiple categories and more stores globally, plus having a store base also fuels your e-commerce strategy.”The man who once declined to run retailers has acquired or explored deals for some of the best-known American merchants, including J.C. Penney Co. which is still up for grabs in bankruptcy court.Retail ExpansionThe expansion into traditional retail is part of a strategy to compile a portfolio of brands that appeals to shoppers of every income level and predilection. E-commerce, at 25% of sales and growing, is a big piece, too.With backing from private-equity firm Leonard Green, Salter initially acquired niche labels like the Tapout mixed martial arts brand and solid workaday names like Prince Sports and and Tretorn shoes, along with a cache of celebrity licensing rights: Marilyn Monroe, Elvis Presley and Muhammad Ali.Early seeds of his more recent moves can be traced to his previous life as head of Hilco Consumer Capital LLC where he picked up some of the pieces of the last downturn -– the Great Recession -- teaming up with Gordon Brothers Group LLC to buy the brands for household names Linens ‘n’ Things Inc. and Polaroid.There, they built on a more traditional licensing and digital model. But in 2016, mall owners got into the mix. Salter teamed with Simon Property Group Inc. and the precursor to Brookfield Property Partners LP to buy the beat-up teen fashion retailer Aeropostale out of bankruptcy -- the same platform the three used for Forever 21 earlier this year. For Brooks Brothers, New York City-based Authentic has teamed with Simon Properties.Landlord PartnersSuch moves promise more control amid a wave of mall-based retailer bankruptcies, but the landlords were cautious.The success of Aeropostale made them more amenable to looking at other troubled names, especially as more physical stores closed. Simon Property Chief Executive Officer David Simon told investors on a call a year ago that his company was open to investing in more retailers -- as the bankruptcy of a major tenant, Forever 21, loomed.“If you don’t change that with what’s going on in the world, you get left behind, and David Simon has been a good leader in changing the model,” Salter said.Banding with his companies’ landlords has clear benefits for Authentic. “Bringing in a mall operator as a partner is a pretty smart move for them because it helps them manage a key part of the risk associated with those acquisitions,” including rents, said Greg Portell, lead partner in consulting firm A.T. Kearney Inc.’s global consumer practice. “And by creating this portfolio effect, they’re able to manage that risk better than either a brand owner or a single retailer would be able to.”Salter expects Authentic’s revenue from retail to rise by 50% to about $15 billion this year, pro-forma for the pending addition of Brooks Brothers, but not taking into account the impact of Covid-19. Not that Authentic hasn’t felt some pain -- Salter said the company had to make significant furloughs. It didn’t take money from the Paycheck Protection Program.Portell said Authentic’s expansion from brands to physical retail makes sense, notwithstanding a shift to more online shopping. “Owning brands that can’t reach consumers isn’t very helpful,” he said. “At some point, those wholesale channels get bottled up. What having storefronts does for Authentic Brands is give them an access point to consumers.” For the malls, Authentic can help with e-commerce, he said.Salter’s vision for the 200-year-old Brooks Brothers has elements of his previous playbooks, like potential brand collaborations.“We’re going to be very careful obviously with Brooks Brothers,” he said. “But there will be multiple collaborations. We’re going to focus on the sportswear area in a major way. Say we want to build an outerwear program that you and I are going to wear on the weekends -- maybe that’s a collaboration with Spyder.”Meanwhile, Forever 21 plans to introduce Elvis and Marilyn Monroe themed merchandise this holiday season and is performing “beyond my wildest expectations,” he said.Brand DistributionSalter said he’s been building brands his whole adult life, starting out at Wayler windsurfers and then Kemper and Ride snowboards. His four adult sons have followed him into the business and all work at Authentic, including his son, Corey, who serves as chief operating officer.“We’re not really buying retail, we’re buying distribution,” said Nick Woodhouse, Authentic’s president and chief marketing officer, whom Salter describes as his left brain to Salter’s right.Salter also exudes optimism, Woodhouse said of his fellow Canadian. “I am a glass half-full guy -- he’s the glass is full.”(Updates with Forever 21 plans in 20th paragraph and other details throughout. A previous version of this story corrected the name of one of Salter’s backers to BlackRock Inc.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


     

  • HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Eastman Kodak (KODK) Investors With $250K+ Losses to Contact Its Attorneys Now, Securities Fraud Case Filed      Fri, 14 Aug 2020 19:25:00 -0400

    HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Eastman Kodak (KODK) Investors With $250K+ Losses to Contact Its Attorneys Now, Securities Fraud Case FiledHagens Berman urges Eastman Kodak Company (NYSE: KODK) investors with losses in excess of $250,000 to submit your losses now. A securities fraud class action has been filed and certain investors may have valuable claims.


    HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Eastman Kodak (KODK) Investors With $250K+ Losses to Contact Its Attorneys Now, Securities Fraud Case FiledHagens Berman urges Eastman Kodak Company (NYSE: KODK) investors with losses in excess of $250,000 to submit your losses now. A securities fraud class action has been filed and certain investors may have valuable claims.


     

  • Prospur.io, a leading digital sales engagement platform for Small and Medium businesses today announced that it has joined the Microsoft ISV Connect program      Fri, 14 Aug 2020 19:24:00 -0400

    Prospur.io, a leading digital sales engagement platform for Small and Medium businesses today announced that it has joined the Microsoft ISV Connect programProspur.io, a leading digital sales engagement platform for Small and Medium businesses, today announced that it has joined the Microsoft ISV Connect program to help small business owners recover from COVID-19 pandemic with a unique "Pay what you can" offer for SMB's. With this partnership, small and medium-sized organizations can use Prospur's digital tools, which are built on top of Microsoft Power Apps, to help them acquire, engage, and retain customers as well as close sales. These tools will be made available at whatever price they can afford on https://prospur.io. Using accessible-by-design technologies, businesses can take advantage of an inclusive environment to reopen their doors to customers globally.


    Prospur.io, a leading digital sales engagement platform for Small and Medium businesses today announced that it has joined the Microsoft ISV Connect programProspur.io, a leading digital sales engagement platform for Small and Medium businesses, today announced that it has joined the Microsoft ISV Connect program to help small business owners recover from COVID-19 pandemic with a unique "Pay what you can" offer for SMB's. With this partnership, small and medium-sized organizations can use Prospur's digital tools, which are built on top of Microsoft Power Apps, to help them acquire, engage, and retain customers as well as close sales. These tools will be made available at whatever price they can afford on https://prospur.io. Using accessible-by-design technologies, businesses can take advantage of an inclusive environment to reopen their doors to customers globally.


     

  • How to log out of Tidal and deauthorize devices through the website or mobile app      Fri, 14 Aug 2020 19:24:00 -0400

    How to log out of Tidal and deauthorize devices through the website or mobile appYou can log out of your Tidal account from your computer's browser by clicking your account name or through the mobile app's settings icon.


    How to log out of Tidal and deauthorize devices through the website or mobile appYou can log out of your Tidal account from your computer's browser by clicking your account name or through the mobile app's settings icon.


     

  • Florida faces $5.4 billion deficit. Governor says addressing shortfall can wait.      Fri, 14 Aug 2020 19:22:05 -0400

    Florida faces $5.4 billion deficit. Governor says addressing shortfall can wait.Wearing masks and keeping their distance, Florida’s top economists met Friday to prepare the state’s first post-pandemic revenue estimate, and the conclusion was breathtaking: Florida faces a $5.4 billion budget deficit over the next two years.


    Florida faces $5.4 billion deficit. Governor says addressing shortfall can wait.Wearing masks and keeping their distance, Florida’s top economists met Friday to prepare the state’s first post-pandemic revenue estimate, and the conclusion was breathtaking: Florida faces a $5.4 billion budget deficit over the next two years.


     

  • Statement by the Prime Minister on the loss of Canadian citizens in the explosion in Lebanon      Fri, 14 Aug 2020 19:19:00 -0400

    Statement by the Prime Minister on the loss of Canadian citizens in the explosion in LebanonOTTAWA, ON, Aug. 14, 2020 /CNW/ - The Prime Minister, Justin Trudeau, today issued the following statement on the loss of Canadian citizens in the explosion in Lebanon:"Today, I join Canadians across the country to mourn the loss of two Canadian citizens in the tragic explosion in Beirut, Lebanon.


    Statement by the Prime Minister on the loss of Canadian citizens in the explosion in LebanonOTTAWA, ON, Aug. 14, 2020 /CNW/ - The Prime Minister, Justin Trudeau, today issued the following statement on the loss of Canadian citizens in the explosion in Lebanon:"Today, I join Canadians across the country to mourn the loss of two Canadian citizens in the tragic explosion in Beirut, Lebanon.


     

  • VJ Day: A WW2 hero and a reckoning with Japan's past      Fri, 14 Aug 2020 19:16:35 -0400

    VJ Day: A WW2 hero and a reckoning with Japan's pastHiroo Onoda had sworn never to surrender. He believed the rest of his countrymen would do the same.


    VJ Day: A WW2 hero and a reckoning with Japan's pastHiroo Onoda had sworn never to surrender. He believed the rest of his countrymen would do the same.


     

  • Scott Atlas Brings the Highest Medical Expertise to Public Service      Fri, 14 Aug 2020 19:16:02 -0400

    Scott Atlas Brings the Highest Medical Expertise to Public ServiceAlmost as soon as Dr. Scott Atlas of Stanford University was named a special adviser to the president last week, having been brought in to help manage the response to the pandemic, some quarters of the American media began attacking him. CNN, for example, prominently featured an article with the title “Trump adds coronavirus adviser who echoes his unscientific claims,” elsewhere referring to Atlas’s “non-science views.” A look at Atlas’s credentials suggests that the accusation that he has non-science-based views is risible.As we work to contain the virus while preserving our economy, it is essential that we think rationally about risks and trade-offs. The administration is counting on Dr. Atlas for guidance in this effort. Among his qualifications, which CNN disregards in its smear campaign, Atlas is a world-renowned physician and health-policy scholar. He currently serves as the Robert Wesson Senior Fellow at Stanford’s Hoover Institution, one of the world’s most distinguished think tanks.Prior to arriving at the Hoover Institution, Atlas had a highly distinguished 25-year career as an academic physician at our country’s finest medical centers. After receiving his M.D. degree at the University of Chicago School of Medicine, he was chief resident at Northwestern University Medical Center. He received his fellowship training at the University of Pennsylvania, where he rapidly emerged as an expert in neuroradiology. He has been a leading clinician and researcher into novel applications of advanced MRI in disorders of the brain and spine, and a leading educator on these advances all over the world. Atlas is widely recognized as an exceptional teacher. He has been an invited speaker and visiting professor at our nation’s top universities from coast to coast, and he is a highly sought-after speaker throughout the world.Atlas is the editor of what became the leading textbook in the field, Magnetic Resonance Imaging of the Brain and Spine; now in its fifth edition and translated into Mandarin, Spanish, and Portuguese, that book has served as the standard for the world since its original publication. He has published over a hundred articles in peer-reviewed journals, and has been a reviewer and an editorial-board member of the major scientific journals in his field.Dr. Atlas served on the faculties of several of our nation’s top medical centers, including those at the University of California San Francisco and the University of Pennsylvania, New York’s Mount Sinai Medical Center, and most recently Stanford University School of Medicine. From 1998 to 2012, he was a professor and the chief of neuroradiology at Stanford University, now one of the nation’s top neuroradiology divisions. He has trained over a hundred neuroradiologists, many of whom are leaders in the field throughout the world.Universally recognized as one of the world’s premier experts in the field, Atlas has received numerous honors and accolades. In recognition of his exceptional scholarship, he has received several honorary memberships in medical societies in the United States and other nations. As a Fulbright Senior Specialist, he conducted research on China’s health-care system. In 2011 he received the highest career achievement honor for a distinguished alumnus from the University of Illinois Urbana-Champaign. He currently serves on the advisory board at the University Hospital and Clinical Neurosciences Center in Zurich, Switzerland.At the Hoover Institution, Dr. Atlas conducts research on health-policy-related topics and is considered to be a leading thinker on the impact of government and the private sector on access, quality, and pricing in health care, global trends in health-care innovation, and key economic issues related to technological advances in medicine. His scholarship is centered on data-driven work; he is also known as a relentless applier of logic and critical thinking.Atlas is the author of In Excellent Health: Setting the Record Straight on America’s Health Care and, most recently, Restoring Quality Health Care: A Six-Point Plan for Comprehensive Reform at Lower Cost. He has initiated a number of special projects at Hoover, including the Hoover Institution Summer Policy Boot Camp for college students and the new Socialism and Free Market Capitalism: The Human Prosperity Project, serving as co-director for both. Highly regarded for his knowledge and scholarship, he has been sought after as a commentator on health-related issues. His work and interviews have appeared worldwide, in publications such as the Wall Street Journal, Financial Times, New York Times, Brazil’s IstoÉ, Italy’s Corriere della Sera, Argentina’s La Nación, and India’s The Hindu, and on CNN, the BBC, Fox News, and the PBS NewsHour.Atlas has ample experience as a policy adviser to government officials in the United States and in other countries. He has served as health-care adviser to a number of candidates for president, as well as having counseled members of Congress on health-care policy; he has testified before Congress on health-policy matters and briefed directors of key federal agencies.Public service is an increasingly challenging calling. The eagerness of the popular media to organize smears against those willing to serve on ideological grounds only harms the public good. A simple review of Scott Atlas’s career makes it clear that the “non-science” accusation is worse than nonsense. Honest members of both parties should celebrate when someone of Atlas’s caliber joins the government, and they should roundly condemn spurious attacks designed to drive him out.


    Scott Atlas Brings the Highest Medical Expertise to Public ServiceAlmost as soon as Dr. Scott Atlas of Stanford University was named a special adviser to the president last week, having been brought in to help manage the response to the pandemic, some quarters of the American media began attacking him. CNN, for example, prominently featured an article with the title “Trump adds coronavirus adviser who echoes his unscientific claims,” elsewhere referring to Atlas’s “non-science views.” A look at Atlas’s credentials suggests that the accusation that he has non-science-based views is risible.As we work to contain the virus while preserving our economy, it is essential that we think rationally about risks and trade-offs. The administration is counting on Dr. Atlas for guidance in this effort. Among his qualifications, which CNN disregards in its smear campaign, Atlas is a world-renowned physician and health-policy scholar. He currently serves as the Robert Wesson Senior Fellow at Stanford’s Hoover Institution, one of the world’s most distinguished think tanks.Prior to arriving at the Hoover Institution, Atlas had a highly distinguished 25-year career as an academic physician at our country’s finest medical centers. After receiving his M.D. degree at the University of Chicago School of Medicine, he was chief resident at Northwestern University Medical Center. He received his fellowship training at the University of Pennsylvania, where he rapidly emerged as an expert in neuroradiology. He has been a leading clinician and researcher into novel applications of advanced MRI in disorders of the brain and spine, and a leading educator on these advances all over the world. Atlas is widely recognized as an exceptional teacher. He has been an invited speaker and visiting professor at our nation’s top universities from coast to coast, and he is a highly sought-after speaker throughout the world.Atlas is the editor of what became the leading textbook in the field, Magnetic Resonance Imaging of the Brain and Spine; now in its fifth edition and translated into Mandarin, Spanish, and Portuguese, that book has served as the standard for the world since its original publication. He has published over a hundred articles in peer-reviewed journals, and has been a reviewer and an editorial-board member of the major scientific journals in his field.Dr. Atlas served on the faculties of several of our nation’s top medical centers, including those at the University of California San Francisco and the University of Pennsylvania, New York’s Mount Sinai Medical Center, and most recently Stanford University School of Medicine. From 1998 to 2012, he was a professor and the chief of neuroradiology at Stanford University, now one of the nation’s top neuroradiology divisions. He has trained over a hundred neuroradiologists, many of whom are leaders in the field throughout the world.Universally recognized as one of the world’s premier experts in the field, Atlas has received numerous honors and accolades. In recognition of his exceptional scholarship, he has received several honorary memberships in medical societies in the United States and other nations. As a Fulbright Senior Specialist, he conducted research on China’s health-care system. In 2011 he received the highest career achievement honor for a distinguished alumnus from the University of Illinois Urbana-Champaign. He currently serves on the advisory board at the University Hospital and Clinical Neurosciences Center in Zurich, Switzerland.At the Hoover Institution, Dr. Atlas conducts research on health-policy-related topics and is considered to be a leading thinker on the impact of government and the private sector on access, quality, and pricing in health care, global trends in health-care innovation, and key economic issues related to technological advances in medicine. His scholarship is centered on data-driven work; he is also known as a relentless applier of logic and critical thinking.Atlas is the author of In Excellent Health: Setting the Record Straight on America’s Health Care and, most recently, Restoring Quality Health Care: A Six-Point Plan for Comprehensive Reform at Lower Cost. He has initiated a number of special projects at Hoover, including the Hoover Institution Summer Policy Boot Camp for college students and the new Socialism and Free Market Capitalism: The Human Prosperity Project, serving as co-director for both. Highly regarded for his knowledge and scholarship, he has been sought after as a commentator on health-related issues. His work and interviews have appeared worldwide, in publications such as the Wall Street Journal, Financial Times, New York Times, Brazil’s IstoÉ, Italy’s Corriere della Sera, Argentina’s La Nación, and India’s The Hindu, and on CNN, the BBC, Fox News, and the PBS NewsHour.Atlas has ample experience as a policy adviser to government officials in the United States and in other countries. He has served as health-care adviser to a number of candidates for president, as well as having counseled members of Congress on health-care policy; he has testified before Congress on health-policy matters and briefed directors of key federal agencies.Public service is an increasingly challenging calling. The eagerness of the popular media to organize smears against those willing to serve on ideological grounds only harms the public good. A simple review of Scott Atlas’s career makes it clear that the “non-science” accusation is worse than nonsense. Honest members of both parties should celebrate when someone of Atlas’s caliber joins the government, and they should roundly condemn spurious attacks designed to drive him out.


     

  • David Tepper's Top 5 Buys in the 2nd Quarter      Fri, 14 Aug 2020 19:15:32 -0400

    David Tepper's Top 5 Buys in the 2nd QuarterAppaloosa Management leader packs into telecom and credit card companies Continue reading...


    David Tepper's Top 5 Buys in the 2nd QuarterAppaloosa Management leader packs into telecom and credit card companies Continue reading...


     

  • How to take a screenshot on any Samsung tablet model      Fri, 14 Aug 2020 19:14:00 -0400

    How to take a screenshot on any Samsung tablet modelYou can take a screenshot on any Samsung tablet easily — all models share one simple method for taking screenshots.


    How to take a screenshot on any Samsung tablet modelYou can take a screenshot on any Samsung tablet easily — all models share one simple method for taking screenshots.


     

  • The fiery Indian student who ran a secret radio station for independence      Fri, 14 Aug 2020 19:13:05 -0400

    The fiery Indian student who ran a secret radio station for independenceUsha Mehta was 22 when she started broadcasting during India's freedom movement.


    The fiery Indian student who ran a secret radio station for independenceUsha Mehta was 22 when she started broadcasting during India's freedom movement.


     

  • Royal Caribbean: Light at the End of the Tunnel Despite Persistent Challenges      Fri, 14 Aug 2020 19:12:20 -0400

    Royal Caribbean: Light at the End of the Tunnel Despite Persistent ChallengesTo say it hasn’t been a good year for cruise line operators would be underselling the disaster 2020 has been. Amongst a sea of hurting industries, the pain inflicted by the coronavirus on cruise lines has arguably been second to none.However, following the delivery of its quarterly results on Monday, Royal Caribbean (RCL) shares popped by a handy 16%.Not that the surge came off the back of an estimate trouncing report. With no meaningful sailing to report in the quarter, revenue dropped year-over-year by a dispiriting 94% to $175 million, although the top line figure did manage to beat the estimates by $17.73 million. No surprise on the bottom line, with a non-GAAP EPS loss of $6.13 missing consensus by $1.58. With the way things stand, Q3 isn’t expected to fare much better, either. However, the reason behind the uptick concerned the more long-term outlook laid out by the company. Management said 2021 bookings remain “within historical range” of which 60% are new bookings.For Credit Suisse analyst Benjamin Chaiken this is the key take away from the earnings call. The 5-star analyst remains buoyed by 2021’s bookings, with “cumulative pricing above 2019 levels excluding FCC (future cruise credits).”Taking the long-term view, Chaiken believes the cost cutting measures will have a lasting and positive effect.Chaiken said, “Like other companies in travel/leisure RCL, we believe, is in a unique position to exit a more efficient company, with potential room for SG&A to come down... From a sentiment standpoint, we think that cruise is well positioned. Following a few weeks of risk-off, as the market slowly digested the news of spiking COVID cases and its impact on leisure travel, we think expectations are in a much better place and positioning also reflects a more conservative and potentially bumpy road ahead, which is good for the cruise/travel/leisure set-up in our view.”To this end, Chaiken rates RCL an Outperform (i.e. Buy) along with a $75 price target. This figure implies possible upside of 24%. (To watch Chaiken’s track record, click here)Among Chaiken’s colleagues, opinions are mixed, resulting in a conflicted outlook. 7 Buys, 8 Holds and 2 Sells add up to a Moderate Buy consensus rating. Meanwhile, the $54.38 average price target implies a 5% downside from current levels. (See RCL stock analysis on TipRanks)Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.


    Royal Caribbean: Light at the End of the Tunnel Despite Persistent ChallengesTo say it hasn’t been a good year for cruise line operators would be underselling the disaster 2020 has been. Amongst a sea of hurting industries, the pain inflicted by the coronavirus on cruise lines has arguably been second to none.However, following the delivery of its quarterly results on Monday, Royal Caribbean (RCL) shares popped by a handy 16%.Not that the surge came off the back of an estimate trouncing report. With no meaningful sailing to report in the quarter, revenue dropped year-over-year by a dispiriting 94% to $175 million, although the top line figure did manage to beat the estimates by $17.73 million. No surprise on the bottom line, with a non-GAAP EPS loss of $6.13 missing consensus by $1.58. With the way things stand, Q3 isn’t expected to fare much better, either. However, the reason behind the uptick concerned the more long-term outlook laid out by the company. Management said 2021 bookings remain “within historical range” of which 60% are new bookings.For Credit Suisse analyst Benjamin Chaiken this is the key take away from the earnings call. The 5-star analyst remains buoyed by 2021’s bookings, with “cumulative pricing above 2019 levels excluding FCC (future cruise credits).”Taking the long-term view, Chaiken believes the cost cutting measures will have a lasting and positive effect.Chaiken said, “Like other companies in travel/leisure RCL, we believe, is in a unique position to exit a more efficient company, with potential room for SG&A to come down... From a sentiment standpoint, we think that cruise is well positioned. Following a few weeks of risk-off, as the market slowly digested the news of spiking COVID cases and its impact on leisure travel, we think expectations are in a much better place and positioning also reflects a more conservative and potentially bumpy road ahead, which is good for the cruise/travel/leisure set-up in our view.”To this end, Chaiken rates RCL an Outperform (i.e. Buy) along with a $75 price target. This figure implies possible upside of 24%. (To watch Chaiken’s track record, click here)Among Chaiken’s colleagues, opinions are mixed, resulting in a conflicted outlook. 7 Buys, 8 Holds and 2 Sells add up to a Moderate Buy consensus rating. Meanwhile, the $54.38 average price target implies a 5% downside from current levels. (See RCL stock analysis on TipRanks)Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.


     

  • SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against FirstEnergy Corp. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm      Fri, 14 Aug 2020 19:00:00 -0400

    SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against FirstEnergy Corp. and Encourages Investors with Losses in Excess of $500,000 to Contact the FirmLOS ANGELES, CA / ACCESSWIRE / August 14, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against FirstEnergy Corp.


    SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against FirstEnergy Corp. and Encourages Investors with Losses in Excess of $500,000 to Contact the FirmLOS ANGELES, CA / ACCESSWIRE / August 14, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against FirstEnergy Corp.


     

  • It's Time to Change to High-intensity Instruction for Middle and High School Students      Fri, 14 Aug 2020 18:58:00 -0400

    It's Time to Change to High-intensity Instruction for Middle and High School StudentsEducators and parents of all backgrounds are worried about learning loss from the pandemic-driven education upheaval, and school leaders are trying to figure out how teachers can effectively manage 120+ students a day in remote learning.


    It's Time to Change to High-intensity Instruction for Middle and High School StudentsEducators and parents of all backgrounds are worried about learning loss from the pandemic-driven education upheaval, and school leaders are trying to figure out how teachers can effectively manage 120+ students a day in remote learning.


     

  • 'Dangerous' heat wave scorches western U.S., raising fire threat and coronavirus concerns      Fri, 14 Aug 2020 18:57:13 -0400

    'Dangerous' heat wave scorches western U.S., raising fire threat and coronavirus concernsA "dangerous" and long-duration heat wave will build across the West this weekend through much of next week, the National Weather Service said.


    'Dangerous' heat wave scorches western U.S., raising fire threat and coronavirus concernsA "dangerous" and long-duration heat wave will build across the West this weekend through much of next week, the National Weather Service said.


     

  • The Steps You Need to Take to Volunteer as a Poll Worker      Fri, 14 Aug 2020 18:57:12 -0400

    The Steps You Need to Take to Volunteer as a Poll WorkerThis year is more important than ever for younger people to get out and work the polls. Because of the COVID-19 pandemic, fewer people are committing to working polling places come election time.


    The Steps You Need to Take to Volunteer as a Poll WorkerThis year is more important than ever for younger people to get out and work the polls. Because of the COVID-19 pandemic, fewer people are committing to working polling places come election time.


     

  • The Steps You Need to Take to Volunteer as a Poll Worker      Fri, 14 Aug 2020 18:57:12 -0400

    The Steps You Need to Take to Volunteer as a Poll WorkerThis year is more important than ever for younger people to get out and work the polls. Because of the COVID-19 pandemic, fewer people are committing to working polling places come election time.


    The Steps You Need to Take to Volunteer as a Poll WorkerThis year is more important than ever for younger people to get out and work the polls. Because of the COVID-19 pandemic, fewer people are committing to working polling places come election time.


     



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