Despite wanting to forget 2016 altogether, Pershing Square Capital investors got one last reminder of their brutal year this week when Bill Ackman’s firm sent out its annual shareholder update.
Moneygram International Inc MGI 0.16% shares are up 9.0 percent on Thursday after Alibaba Group Holding Ltd BABA 0.95% payment affiliate Ant Financial agreed to purchase MoneyGram for $880 million. The merger is the latest step in Alibaba’s international expansion efforts. According to MoneyGram’s press release, the merger will connect MoneyGram’s 2.4 billion bank and…
Electronic Arts Inc. EA 3.5% is set to kick off Q4 earnings season for gaming stocks on Thursday when it reports after the closing bell. Video game retail leader GameStop Corp. GME 1.06% is not expected to report earnings until the end of March, but GameStop investors will likely be watching EA earnings closely.
Nintendo Co., Ltd (ADR) NTDOY 0.05% will close out an eventful 2016 when the company reports Q4 earnings on January 31. According to Wedbush analyst Michael Pachter, even a possible holiday season earnings beat wouldn’t be enough justification to buy the stock.
Seagate Technology PLC STX 0.19% surged nearly 14 percent on Wednesday after a big Q4 earnings beat. Despite no company-specific news, rival Western Digital Corp WDC 0.88% was along for the ride, jumping 5.2 percent on the day.
In recent years, struggling companies have turned more and more to outsiders when looking for a direction change at the CEO position. These companies are hoping the past leadership success will translate to the struggling company as well. Unfortunately, there are plenty of times that these outsider CEO hires can’t make the necessary adjustments in…
Las Vegas Sands Corp. LVS 0.36% shares are selling off by 5.1 percent Thursday following a disappointing Q4 earnings report.
There are plenty of things for Americans who disapprove of President Donald Trump to criticize. So far, inaction is not one of them.
Many Donald Trump voters and patriotic Americans have cheered recent decisions by American companies to create American jobs rather than relying on foreign labor in Mexico, China and elsewhere. President Trump has heavily pressured companies to keep these low-level jobs right here in the United States. Unfortunately, bringing unskilled labor jobs back into the United…
DryShips Inc. DRYS 1.79% investors are getting hammered once again this week following the battered company’s latest 8-to-1 reverse stock split. Since the company announced the split on January 19, shares have plummeted 64.4 percent in less than a week. DryShips shares, which peaked at a split-adjusted $816.00 during a dramatic December short squeeze are…