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Yahoo Business
Nov 16, 2019

Venezuela Is Using Invisible Oil Tankers To Skirt Sanctions
Venezuela's oil exports rebounded in October, surprising friend and foe by using some proven shipping tactics to ship its oil to customers in Asia

Yahoo Business
Nov 16, 2019

Edited Transcript of GERN earnings conference call or presentation 7-Nov-19 1:00pm GMT
Q3 2019 Geron Corp Earnings Call

Yahoo Business
Nov 16, 2019

UPDATE 1-Stents no better than drugs for many heart patients -U.S. study
Many patients with severe but stable heart disease who routinely undergo invasive procedures to clear and prop open clogged arteries would do as well by just taking medications and making lifestyle changes, U.S. researchers reported on Saturday. The $100 million government-backed study, presented at the American Heart Association (AHA) meeting in Philadelphia, is the largest yet to look at whether procedures to restore normal blood flow in patients with stable heart disease offers an added benefit over more conservative treatment with aspirin, cholesterol-lowering drugs and other measures. At least two prior studies determined that artery-clearing and stenting or bypass surgery in addition to medical treatment does not significantly lower the risk of heart attacks or death compared with non-invasive medical approaches alone.

Yahoo Business
Nov 16, 2019

Edited Transcript of ELOX earnings conference call or presentation 5-Nov-19 9:30pm GMT
Q3 2019 Eloxx Pharmaceuticals Inc Earnings Call

Yahoo Business
Nov 16, 2019

UPDATE 1-Union sets Nov. 19 strike date on Canadian National Railway if talks fail
Canada's Teamsters labor union has given Canadian National Railway notice that it intends to strike starting Nov. 19, the two parties said on Saturday, following a stalemate in contract negotiations. The company, the largest Canadian railroad operator, offered the Teamsters Canadian Rail Conference a binding arbitration, which the union declined, CN's Chief Operating Officer Rob Reilly said in a statement.

Yahoo Business
Nov 16, 2019

Stents no better than drugs for many heart patients -U.S. study
Many patients with severe but stable heart disease who routinely undergo invasive procedures to clear and prop open clogged arteries would do as well by just taking medications and making lifestyle changes, U.S. researchers reported on Saturday. The $100 million government-backed study, presented at the American Heart Association (AHA) meeting in Philadelphia, is the largest yet to look at whether procedures to restore normal blood flow in patients with stable heart disease offers an added benefit over more conservative treatment with aspirin, cholesterol-lowering drugs and other measures. At least two prior studies determined that artery-clearing and stenting or bypass surgery in addition to medical treatment does not significantly lower the risk of heart attacks or death compared with non-invasive medical approaches alone.

Yahoo Business
Nov 16, 2019

Edited Transcript of CYRN earnings conference call or presentation 13-Nov-19 3:00pm GMT
Q3 2019 Cyren Ltd Earnings Call

Yahoo Business
Nov 16, 2019

Airbus Says Zero-Carbon Regional Jet May Arrive as Soon as 2030
(Bloomberg) -- Airbus SE could potentially build an emission-free, 100-seat regional aircraft by the early 2030s, as the aviation industry speeds its response to mounting concern over air travel's carbon footprint, according to the head of the planemaker's new production-development arm.The European manufacturer is working on multiple methods to reduce carbon-dioxide emissions, Sandra Bour Schaeffer, chief executive officer of Airbus ExO Alpha, said in an interview Saturday ahead of the Dubai Airshow.The company is working with partners including engine manufacturers and startups to build more fuel-efficient engines, explore hybrids and alternative fuels, and to improve aerodynamics, Schaeffer said.Airlines and planemakers are under intense scrutiny over the industry's role in contributing to global warming. But their ability to respond is limited by development cycles lasting a decade or longer and products that can last 50 years. Meanwhile, rising air traffic is adding to pressure on the sector to come up with a response.In June, Toulouse, France-based Airbus, its U.S. rival Boeing Co. and other large players pledged to reduce the industry's net CO2 emissions by half in 2050 compared with 2005 levels."Today there is no single solution to meet the commitments in 2050 but there are a number of solutions that if you put together will drive to that path," Schaeffer said.Approaches are likely to differ depending on the type and size of aircraft, she said.Airlines are already offering what they consider

Yahoo Business
Nov 16, 2019

Protests Erupt Across Iran After Gasoline-Price Increase
(Bloomberg) -- Protests erupted in cities across Iran, leaving at least one person dead, after the government unexpectedly hiked gasoline prices, the semi-official Iranian Student's News Agency reported.The fatality occurred during clashes in Sirjan in the southern province of Kerman on Friday, ISNA reported, citing the city's acting governor, Mohammad Mahmoudabadi. Protests spread on Saturday to Tehran, where motorists blocked highways and intersections with their vehicles in a dense snowfall, according to the Fars news agency.A special economic commission decided late Thursday to boost gasoline prices by as much as three times and also to ration the motor fuel, the state-run Islamic Republic News Agency reported. The price increase came without any prior warning.The protests highlight the challenges that Iran's ruling establishment faces as it struggles to reverse an economic downturn triggered by U.S. sanctions. President Hassan Rouhani's government is under immense pressure to offset the impact of a severe plunge in oil exports and avert a national crisis.The International Monetary Fund forecasts that Iran's government deficit will widen as a percentage of gross domestic product, from 2.7% in 2018 to 4.5% this year and 5.1% in 2020. The oil price Iran needs to balance its budget will more than double over the same period, as U.S. sanctions curb sales of the country's most important export, according to the IMF.Read: QuickTake: Iran's Nuclear ProgramIran's Supreme Economic Council, a body comprising Rouhani, the head of the judiciary and the leader of Iran's parliament, met on Saturday in response to anger at the fuel-price increase. On Sunday, Iran's parliament plans to debate a bill to

Yahoo Business
Nov 16, 2019

The Big Lie Behind Global Energy Policy
The looming climate change crisis is pushing massive policy shifts around the world, but some of the new regulations being introduced could be doing more harm than good

Yahoo Business
Nov 16, 2019

5 Very Large Cap Stocks Hedge Funds Are Piling Into
In our opinion one of the best tools for ordinary investors who are on the hunt for new ideas is 13F filings. Once every quarter hedge funds with at least $100 million in total positions in publicly traded US stocks are required to open the kimono and disclose the number of shares and the total […]

Yahoo Business
Nov 16, 2019

Contura Energy, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
One of the biggest stories of last week was how Contura Energy, Inc. (NYSE:CTRA) shares plunged 57% in the week since...

Yahoo Business
Nov 16, 2019

Estimating The Intrinsic Value Of Cisco Systems, Inc. (NASDAQ:CSCO)
In this article we are going to estimate the intrinsic value of Cisco Systems, Inc. (NASDAQ:CSCO) by taking the...

Yahoo Business
Nov 16, 2019

Cisco Systems, Inc. First-Quarter Results: Here's What Analysts Are Forecasting For Next Year
Cisco Systems, Inc. (NASDAQ:CSCO) shares fell 7.7% to US$45.09 in the week since its latest first-quarter results. It...

Yahoo Business
Nov 16, 2019

Cerner (NASDAQ:CERN) Shareholders Have Enjoyed A 38% Share Price Gain
Buying a low-cost index fund will get you the average market return. But across the board there are plenty of stocks...

Yahoo Business
Nov 16, 2019

Does Briggs & Stratton Corporation (NYSE:BGG) Have A Place In Your Dividend Stock Portfolio?
Today we'll take a closer look at Briggs & Stratton Corporation (NYSE:BGG) from a dividend investor's perspective...

Yahoo Business
Nov 16, 2019

A follow-up letter to President Trump
I am writing to you on the third anniversary of your election for a number of reasons.

Yahoo Business
Nov 16, 2019

Turkey Is the World's New Nuclear Menace
(Bloomberg Opinion) -- Sometimes it's hard to tell friend from foe, even if he is standing right next to you. And if you take President Donald Trump literally (yes, I know, we've been warned not to do that) he was suffering from such myopia during Wednesday's press conference with Turkish President Recep Tayyip Erdogan. "Turkey, as everyone knows, is a great NATO Ally, and a strategic partner of the United States around the world," he said. "And I look forward to continuing to find common ground, harness common purpose, and to advance the vital interests of our people and the abiding friendship between our nations."Remarkable flattery from the same man who tweeted this a month ago:So, is Turkey friend or foe? The answer at the moment, unfortunately, is "Yes." The Turks have launched an offensive against America's best allies in the war against Islamic State, the Kurdish-dominated Syrian Democratic Front, and purchased the cutting-edge S-400 missile defense system from Russia. The U.S. and Europe have responded with sanctions, including booting the Turks from the Pentagon's F-35 fighter program. Erdogan hit back with threats to flood Europe with captured Islamic State terrorists. Standing beside Trump on Wednesday, he accused the U.S. Congress of using "historical developments and allegations" to "dynamite our reciprocal and bilateral relations."So, how does one deal with such a frenemy? For advice, I reached out to Chuck Wald, a retired 4-star Air Force general who served as deputy commander of the U.S. European Command in the 2000s. Wald, a distinguished fellow at the Jewish Institute for National Security of America, has been a leading voice of caution in dealing with the Turks and, understandably for a former combat pil

Yahoo Business
Nov 16, 2019

Earnings Update: Here's Why Analysts Just Lifted Their Beazer Homes USA, Inc. Price Target To US$17.00
Shareholders of Beazer Homes USA, Inc. (NYSE:BZH) will be pleased this week, given that the stock price is up 11% to...

Yahoo Business
Nov 16, 2019

Axonics Modulation Technologies, Inc. Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
It's been a pretty great week for Axonics Modulation Technologies, Inc. (NASDAQ:AXNX) shareholders, with its shares...

Yahoo Business
Nov 16, 2019

The Hershey Company (NYSE:HSY) Looks Interesting, And It's About To Pay A Dividend
The Hershey Company (NYSE:HSY) stock is about to trade ex-dividend in 4 days time. Investors can purchase shares...

Yahoo Business
Nov 16, 2019

UPDATE 1-Boeing says timing of 737 MAX return in hands of regulators
Boeing moved on Saturday to ease tensions with regulators over the return to service of its 737 MAX, saying it was up to the U.S. Federal Aviation Administration and its global counterparts to approve changes to the jet in the wake of two accidents. The FAA told its staff this week to take whatever time was needed to review the grounded plane after Boeing said it expected the FAA to certify the 737 MAX in mid-December. "We put some targets out that still line up to December ... type certification," Stan Deal, chief executive of Boeing Commercial Airplanes, told reporters.

Yahoo Business
Nov 16, 2019

Boeing says timing of 737 MAX return in hands of regulators
Boeing said on Saturday the U.S. Federal Aviation Administration and other global regulators would decide the timing of the return to service of its 737 MAX, which has been grounded since March in the wake of two fatal crashes. The head of the FAA has told his team to "take whatever time is needed" in its review of the MAX, according to a Nov. 14 memo seen by Reuters, issued days after Boeing said it expected the FAA to certify the 737 MAX in mid-December. "The FAA and regulators around the world control the schedule," Stan Deal, chief executive of Boeing Commercial Airplanes, told a news conference on the eve of the Dubai Airshow.

Yahoo Business
Nov 16, 2019

Do Institutions Own Diageo plc (LON:DGE) Shares?
Every investor in Diageo plc (LON:DGE) should be aware of the most powerful shareholder groups. Institutions often own...

Yahoo Business
Nov 16, 2019

Edited Transcript of DHI earnings conference call or presentation 12-Nov-19 1:30pm GMT
Q4 2019 D.R. Horton Inc Earnings Call

Yahoo Business
Nov 16, 2019

The UK General Election - Odds and Projections Updates
Electoral Calculus sees the Tory Parties majority narrow going into the weekend. This weekend's YouGov opinion will be telling…

Yahoo Business
Nov 16, 2019

Are Dividend Investors Getting More Than They Bargained For With Mowi ASA's (OB:MOWI) Dividend?
Could Mowi ASA (OB:MOWI) be an attractive dividend share to own for the long haul? Investors are often drawn to strong...

Yahoo Business
Nov 16, 2019

Edited Transcript of GIB.A.TO earnings conference call or presentation 6-Nov-19 2:00pm GMT
Q4 2019 CGI Earnings Call

Yahoo Business
Nov 16, 2019

Edited Transcript of OCUL earnings conference call or presentation 12-Nov-19 1:00pm GMT
Q3 2019 Ocular Therapeutix Inc Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of JD earnings conference call or presentation 15-Nov-19 12:00pm GMT
Q3 2019 JD.com Inc Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of WB earnings conference call or presentation 14-Nov-19 11:00am GMT
Q3 2019 Weibo Corp Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of FGP.L earnings conference call or presentation 14-Nov-19 9:00am GMT
Half Year 2020 FirstGroup PLC Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of CAPL earnings conference call or presentation 8-Nov-19 2:00pm GMT
Q3 2019 Crossamerica Partners LP Earnings Call

Yahoo Business
Nov 15, 2019

5 Mega Cap Stocks Hedge Funds Are Crazy About
One of the best tools for ordinary investors who are on the hunt for new ideas is 13F filings. Hedge funds hire some of the smartest Ivy League graduates as their analysts, have access to industry insiders whom they "consult" with, unconventional data sources that cost tens of thousands of dollars, years of experience and […]

Yahoo Business
Nov 15, 2019

Edited Transcript of ADTN earnings conference call or presentation 31-Oct-19 2:30pm GMT
Q3 2019 ADTRAN Inc Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of ACTG earnings conference call or presentation 12-Nov-19 2:00pm GMT
Q3 2019 Acacia Research Corp Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of IGT earnings conference call or presentation 14-Nov-19 1:00pm GMT
Q3 2019 International Game Technology PLC Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of STC.V earnings conference call or presentation 15-Nov-19 5:00pm GMT
Q1 2020 Sangoma Technologies Corp Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of CCPR3.SA earnings conference call or presentation 12-Nov-19 1:00pm GMT
Q3 2019 Cyrela Commercial Properties SA Empreendimentos e Participacoes Earnings Call

Yahoo Business
Nov 15, 2019

Bitcoin Cash - ABC, Litecoin and Ripple Daily Analysis - 16/11/19
It's a mixed start to the day for the majors. Support may well kick in later in the day, however, as the market looks to recover from a string of losses.

Yahoo Business
Nov 15, 2019

Ford's UAW members vote to ratify new four-year contract
The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co have voted in favor of a new four-year labor contract with the No. 2 U.S. automaker. Talks with FCA are expected to begin on Monday, a UAW spokesman said. The union said 56.3% of Ford's hourly workers voted to approve the deal, which allowed the company to avoid a strike like the one that cost its larger rival General Motors Co about $3 billion.

Yahoo Business
Nov 15, 2019

Edited Transcript of JCP earnings conference call or presentation 15-Nov-19 1:30pm GMT
Q3 2019 J C Penney Company Inc Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of OHI earnings conference call or presentation 6-Nov-19 3:00pm GMT
Q3 2019 Omega Healthcare Investors Inc Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of GDEN earnings conference call or presentation 7-Nov-19 10:00pm GMT
Q3 2019 Golden Entertainment Inc Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of GLOB earnings conference call or presentation 14-Nov-19 9:30pm GMT
Q3 2019 Globant SA Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of CNCE earnings conference call or presentation 7-Nov-19 1:30pm GMT
Q3 2019 Concert Pharmaceuticals Inc Earnings Call

Yahoo Business
Nov 15, 2019

Tencent Holdings Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Last week, you might have seen that Tencent Holdings Limited (HKG:700) released its third-quarter result to the...

Yahoo Business
Nov 15, 2019

Alibaba's Hong Kong Share Sale Is Feeling Lucky
(Bloomberg Opinion) -- Hong Kong is doing everything it can to ensure Alibaba Group Holding Ltd.'s listing is a roaring success. That's turning the $12 billion mega-sale into a hot item — if you can get your hands on the shares.Alibaba will initially offer only 2.5% of the offering to individual investors, a quarter of the allocation specified in Hong Kong's listing rules and half the 5% level typically allowed for sales valued at more than HK$10 billion ($1.3 billion). The retail portion may be increased to as much as 10% depending on the level of demand, though that's still well below the 50% that the listing rules require for the most heavily subscribed offers.The effect of squeezing down the retail offering may be to increase the perceived rarity value of Alibaba shares, magnifying the buzz around what may be Hong Kong's biggest share sale since 2010. For example, an allocation that is barely covered at 10% would be four times subscribed at 2.5% with the same level of demand.Hong Kong Exchanges & Clearing Ltd. has done its utmost to accommodate Alibaba, introducing rules that allow dual-class shares after resisting change for a decade — and losing the company's $25 billion initial public offering to New York in 2014. The word "waiver" appears 80 times in Alibaba's prospectus.With Hong Kong's economy and markets rocked by protests, there's much riding on a successful sale. After the listing, HKEX will be home to Asia's two largest technology companies in Alibaba and Tencent Holdings Ltd. That could help the exchange attract mor

Yahoo Business
Nov 15, 2019

U.S. charges another ex-JPMorgan executive with alleged market manipulation
The Department of Justice has charged another former JPMorgan Chase & Co executive with alleged racketeering and manipulating precious metals prices between 2008 and 2016, the latest in a string of similar prosecutions. The indictment against Jeffrey Ruffo, who is also charged with other federal crimes including conspiracy to commit wire fraud, is the result of an "ongoing investigation", federal prosecutors said in a statement. Ruffo is the sixth person to be charged with alleged fraud in connection to JPMorgan's precious metals desk.

Yahoo Business
Nov 15, 2019

Edited Transcript of CSCO earnings conference call or presentation 13-Nov-19 9:30pm GMT
Q1 2020 Cisco Systems Inc Earnings Call

Yahoo Business
Nov 15, 2019

Disney Is a 'Home Run,' Wedbush's Ives Says
Nov.15 -- Dan Ives, Wedbush Securities managing director, and Bloomberg Businessweek's Max Chafkin discuss Walt Disney Co.'s new streaming video platform Disney with Bloomberg's Taylor Riggs on "Bloomberg Technology."

Yahoo Business
Nov 15, 2019

HEXO: Can the Company Break the Illegal Cannabis Market?
After HEXO (HEXO) released horrible preliminary FQ4 revenue numbers, the company came out with an innovative product to crack the low prices of the illegal cannabis market. The company had built the investors up on FY20 revenue targets of C$400 million that have now been withdrawn. The stock still can't be touched at lows below $2, but the ability to innovate in the face of an adjusting market is encouraging for the long term.Value BrandThe biggest issue facing the Canadian recreational cannabis market is the still vibrant illegal market. The lack of retail stores in Canada is contributing to a market unable to undercut legal cannabis on supply that combines low prices with easier access to customers to still cover nearly 50% of the market.To address this market reality, HEXO quickly developed the Original Stash brand to combat the illegal market with a low-price option. The value brand sells 28 grams (1 oz) at black market prices. The retail price in Quebec was listed at C$125.70 including sales taxes, equivalent to C$4.49 a gram.A survey from Abacus Data found that: * 15% of Canadians say they have purchased dried flower since legalization and 4% purchased capsules. * 55% purchased in a physical retail store, 28% in a legal online store. * But 1 in 5 say they purchased on "another online store or website" and 31% purchased from "another source" such as black market.Stats Canada lists the Q difference between legal and illegal cannabis as nearly double the price. The illegal prices are now C$5.59 per gram. On the

Yahoo Business
Nov 15, 2019

Warren Maps 3-Year Timeline Toward Medicare for All; Stocks Rise
(Bloomberg) -- Elizabeth Warren said Friday her Medicare-for-All plan would be implemented over three years, a major concession to the difficulty of fundamentally changing the way Americans get health care. Managed-care and hospital stocks moved higher on the news.A Medium post Warren published Friday mapped out a strategy to enact a mandatory government-run health care system that she estimates would cost $20.5 trillion but others have tagged at more than $30 trillion.Warren said she would inch up to Medicare-for-all, starting with a plan to cover children and poor families. That would happen through a legislative maneuver in her first 100 days in the White House, while not actually eliminating private insurance plans until her third year in office.Health-care companies, which worried about extinction, rallied Friday, leading the S&P 500 Health Index to an all-time high. Among them, some of the nation's largest insurers such as UnitedHealth Group Inc., Humana Inc., Anthem Inc. and Centene Corp. have climbed more than 5% in Friday's trading.The advance in health care is a turnaround from the first nine months of the year, when the industry trailed most of its market peers over drug-pricing regulations and Medicare for All proposals.Even if Warren wins the White House and Democrats win control of both the House and Senate, Warren's timeline is still optimistic, given how Congress operates.She said she would ask Congress to use a quirk in the budget process to allow a simple majority vote -- bypassing the 60-vote Senate threshold -- and "fast-track" a Medicare for All option that would immediately cover children under the age of 18 and families making less than $

Yahoo Business
Nov 15, 2019

UPDATE 1-Bristol-Myers Squibb wins antitrust approval to buy Celgene, but must divest psoriasis drug
Bristol-Myers Squibb Co and Celgene Corp have won U.S. antitrust approval for their merger on condition that they sell Celgene's psoriasis drug Otezla, the Federal Trade Commission said in a statement on Friday. Bristol-Myers Squibb said in a statement Friday that the approval meant it had all the needed regulatory approvals and would close the acquisition on Wednesday. Amgen has agreed to buy Celgene's Otezla business, the company said in a statement.

Yahoo Business
Nov 15, 2019

7 Low-Risk Dividend Stocks to Buy for Retirees
Some of the best, low-risk dividend stocks to consider. Few generations of retirees have had such scarce opportunities to buy meaningful income-producing investments as today's. For roughly 12 years, investors have been stuck in an era of sub-3% interest rates; for the vast majority of those years, rates have been closer to zero than 3%. The good news entering 2020 is that retirees can find income investments in the stock market.

Yahoo Business
Nov 15, 2019

What to watch in markets: Week of Nov 18
Yahoo Finance's Jen Rogers highlights the stories that will be making headlines next week including the release FOMC minutes from the most recent Fed meeting. Existing home sales and jobless claims will be also be released next week along with earnings from retailers including Home Depot, Kohl's, and Target.

Yahoo Business
Nov 15, 2019

Bristol-Myers Squibb wins antitrust approval to buy Celgene, but must divest psoriasis drug
Bristol-Myers Squibb Co and Celgene Corp have won U.S. antitrust approval for their merger on condition that they sell Celgene's psoriasis drug Otezla, the Federal Trade Commission said in a statement on Friday. Bristol-Myers Squibb said in a statement Friday that the approval meant it had all the needed regulatory approvals and would close the acquisition on Wednesday. Amgen has agreed to buy Celgene's Otezla business, the company said in a statement.

Yahoo Business
Nov 15, 2019

German Regulator Orders ‘KaratGold Coin' Issuer to Cease Operations
Two more governments have taken action against entities in the Karatbars ecosystem over sales of a purportedly gold-backed cryptocurrency.

Yahoo Business
Nov 15, 2019

Bill Gates Tops Jeff Bezos as World's Richest Person With Amazon Slide
(Bloomberg) -- This time it's official.Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.'s Jeff Bezos as the world's richest person on Friday, reclaiming the top ranking for the first time in more than two years.Gates may have been helped in part by the Pentagon's surprise decision announced Oct. 25 to award a $10 billion cloud-computing contract to Microsoft over Amazon. Shares of Microsoft have since climbed 4%, giving Gates a $110 billion fortune, according to the Bloomberg Billionaires Index. Amazon's stock is down about 2% since the announcement, putting Bezos's net worth at $108.7 billion.Gates, 64, had briefly topped Bezos, 55, on an intraday basis last month after Amazon posted its first profit drop in two years, but shares of the world's biggest online retailer pared the decline. The index, which tracks the wealth of the richest 500 people, is updated each trading day after U.S. markets close. Europe's richest person, Bernard Arnault, is third with $102.7 billion.Read more: Microsoft Shares Surge After Controversial Pentagon Contract WinMicrosoft has surged 48% this year, boosting the value of Gates's 1% stake. The rest of his wealth is derived from share sales and investments made over the years by his family office, Cascade.Bezos would be far richer if he and MacKenzie Bezos hadn't divorced. The pair announced their split in January, with MacKenzie, 49, receiving a quarter of their Amazon holdings in July. Her net worth dipped to $35 billion on Friday. Gates, on the

Yahoo Business
Nov 15, 2019

Baron Funds' 3rd-Quarter Buys
Overview of the fund's portfolio updates Continue reading...

Yahoo Business
Nov 15, 2019

Edited Transcript of APLE earnings conference call or presentation 5-Nov-19 2:00pm GMT
Q3 2019 Apple Hospitality REIT Inc Earnings Call

Yahoo Business
Nov 15, 2019

Mohnish Pabrai Trims Fiat Chrysler, Buys More GrafTech and Micron in 3rd Quarter
Value investor discloses trades in US stocks Continue reading...

Yahoo Business
Nov 15, 2019

T-Mobile's Legere Isn't Taking WeWork Job, Relieving Investors
(Bloomberg) -- T-Mobile US Inc. Chief Executive Officer John Legere isn't taking a job running WeWork, contrary to speculation this week, a person familiar with the matter said.Legere, 61, is sticking with T-Mobile for now, according to the person, who asked not to be identified because the deliberations are private. CNBC reported earlier that Legere wasn't going to WeWork, sending the shares up as much as 3.5% on Friday.Legere, a shaggy-haired, self-appointed industry rebel, has led a comeback at T-Mobile, culminating in a deal last year to merge with Sprint Corp. That transaction hasn't yet cleared regulatory hurdles, and the idea of Legere jumping ship didn't sit well with investors. They sent the shares down as much as 4.2% on Monday after the Wall Street Journal reported that WeWork was talking to Legere.The relief rally on Friday was briefly the carrier's biggest intraday increase in almost four months, though the stock later pared its gain. It closed up 1.6% in New York.The CEO already has ties to WeWork majority shareholder SoftBank Group Corp., which took ownership of the company after WeWork's initial public offering broke down. SoftBank also controls Sprint, and that carrier's executive chairman, Marcelo Claure, was recently appointed to the same position at WeWork.But people familiar with WeWork's CEO search have stressed that it intends to consider many candidates.To contact the reporter on this story: Scott Moritz in New York at smoritz6@bloomberg.netTo contact the editors responsible for this story: Flynn McRoberts at fmcroberts1@bloomberg.net, ;Rakshita Saluja at rsaluja4@bloomberg.net, Nick TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomb

Yahoo Business
Nov 15, 2019

Roku Says It Won't Be Long Before Streaming Revenue Eclipses TV
(Bloomberg) -- Streaming video has been one of the biggest growth stories of the past several years, but even with all the attention that has been paid to the space, the industry is nowhere near full maturity, according to an executive at streaming-platform Roku Inc."In the long run, the total addressable market for streaming video is all TV money, period," said Scott Rosenberg, a senior vice president and general manager of Roku's platform business. Over-the-top (OTT) streaming "lets advertisers do things that they've gotten used to in digital but which hasn't been possible on TV," such as individually targeting consumers based on user-specific data.Rosenberg compared the industry, specifically streaming-related advertising, to the early days of smartphones, when usage far outpaced how much advertisers focused on them. He cited a study from Magna that suggested 29% of TV viewing was happening outside the traditional model, although only 3% of TV ad budgets were being allocated to streaming services.That imbalance will correct "in a pretty accelerated fashion over the next two or three years," he said in a phone interview. "Marketers are starting to move their money, and once it begins to happen apace, I think we'll see a significant outflow."It will likely take a few years for streaming ad revenue to surpass linear TV, he said, though the trend is accelerating. According to Bloomberg Intelligence, OTT ad revenue is expected to grow to $9 billion by 2023, compared with $4 billion in 2019. The TV advertising mark

Yahoo Business
Nov 15, 2019

Delta Refuses To Sweeten Alitalia Investment Offer
In spite of competition from German flag carrier Lufthansa, U.S. major Delta Air Lines Inc. (NYSE: DAL) remains firm in an offer to take no more than a 10% stake in a reformed Alitalia. The Italian government is seeking €1 billion ($1.1 billion) in investment to relaunch Alitalia. "Delta is continuing to work with Ferrovie dello Stato (FS) and Atlantia and it can confirm that it is ready to invest up to €100 million for a 10% stake in Alitalia," a Delta spokesperson told Italian public news agency ANSA on Nov. 11.

Yahoo Business
Nov 15, 2019

MedMen Cuts 190 Jobs, Sells Non-Core Assets in Pot Reckoning
(Bloomberg) -- Cash-strapped MedMen Enterprises Inc. is laying off more than 190 employees, including 20% of its corporate workforce.The move is part of a broader corporate restructuring, with the pot company targeting positive earnings before interest, taxes, depreciation and amortization by the end of 2020.MedMen will also divest non-core assets, including the sale of its stake in Treehouse Real Estate Investment Trust for net proceeds of $14 million. MedMen created Treehouse last year, starting a trend that has seen several other pot companies spin off their real estate into separate companies.The industry is in the midst of a "harsh and quick" transition from growth to retrenchment, MedMen Chief Executive Officer Adam Bierman said in an interview. Like many other companies in the industry, MedMen's share price has fallen by about two-thirds since the beginning of the year, and "capital markets have been shuttered," he said."We find ourselves in the exact same spot as all of the other competitors across the industry, where nobody's fully funded because everybody's been living in this high-growth phase," Bierman said. "That's why we're taking such dramatic measures: I will not allow the company to be exposed where we didn't act fast enough, staring down this future."A recent study of 30 pot firms by trade publication Marijuana Business Daily found that Los Angeles-based MedMen had the weakest cash position, with just over one month of cash coverage.The company said Friday it will sell its minority stakes in various brands for net proceeds of $8 million and has engaged Canaccord Genuity Corp. to "explore strategic alternatives" for operations and licenses in non-core markets. It will

Yahoo Business
Nov 15, 2019

UPDATE 1-Qiagen exploring sale after indications of interest
Qiagen NV said on Friday it has started reviewing options, including sale, after the genetic testing company received several indications of interest for acquisition, sending its U.S. listed shares up 8.5%. The company, which has a market capitalization of $8.6 billion as of Thursday's close, said its management will start talks with interested parties as part of the review. Instruments maker Thermo Fisher Scientific Inc approached Qiagen about a potential deal, Bloomberg reported on Wednesday.

Yahoo Business
Nov 15, 2019

UPDATE 2-Twitter tightens bans on political ads and causes ahead of 2020 U.S. election
Twitter Inc on Friday said its political advertising ban will include references to political candidates or legislation, and it will not allow ads that advocate for a certain outcome on social and political causes. The popular social media site, which first announced its political ads ban last month, had not previously provided details on the new policy. Twitter said it will use a combination of automated technology and human teams to enforce the new ad policies.

Yahoo Business
Nov 15, 2019

UPDATE 1-Twitter tightens bans on political ads and causes ahead of 2020 U.S. election
Twitter Inc on Friday said its political advertising ban will include references to political candidates or legislation, and it will not allow ads that advocate for a certain outcome on social and political causes. The popular social media site, which first announced its political ads ban last month, had not previously provided details on the new policy. Twitter said it will use a combination of automated technology and human teams to enforce the new ad policies.

Yahoo Business
Nov 15, 2019

Trump, Apple CEO Tim Cook set to tour computer plant in Texas Wednesday -sources
U.S. President Donald Trump and Apple CEO Tim Cook are set to visit facilities in Texas on Wednesday where Apple's high-end computers are assembled, sources briefed on the matter confirmed Friday. The White House and Apple declined to comment Friday. The trip will highlight Cook's strong relationship with Trump as he seeks further relief for Apple from U.S. tariffs on imports from China and will be cited by Trump as part of his efforts to convince companies to add more U.S. manufacturing jobs.

Yahoo Business
Nov 15, 2019

Novartis sickle-cell drug gets U.S. FDA approval
The drug will be priced between $84,852 and $113,136 per year for most patients, who will typically infuse themselves with between three and four vials each month, Novartis said. The biologic drug, also known as crizanlizumab, was shown in trials in its high-dose formula to cut sickle cell pain crises nearly by half to 1.63 incidents annually from 2.98 in those getting a placebo. Novartis has forecast that the drug's annual sales will top $1 billion, much of which will likely come from U.S. government payers such as Medicare and Medicaid.

Yahoo Business
Nov 15, 2019

Under Armour defends accounting practices amid public scrutiny: WSJ
Under Armour faced renewed pressure over its accounting practices, after The Wall Street Journal reported that the athletic retailer borrowed business from future quarters to conceal slowing demand in 2016.

Yahoo Business
Nov 15, 2019

Leon Cooperman's Top 5 Buys of the 3rd Quarter
Omega family office chairman reports portfolio Continue reading...

Yahoo Business
Nov 15, 2019

Crude Oil Price Update - Uptrend Was Reaffirmed on Trade Through $57.84; Fib Level Support at $57.36
The direction of the market into the close is likely to be determined by trader reaction to the main Fibonacci level at $57.36.

Yahoo Business
Nov 15, 2019

CORRECTED-UPDATE 2-Novartis sickle-cell drug gets U.S. FDA approval
Novartis AG on Friday won U.S. approval for its experimental sickle cell disease drug, Adakveo, making it the first of several proposed new therapies designed to offer lasting relief for patients with the debilitating blood disease to get U.S. regulatory clearance. The drug will be priced between $84,852 and $113,136 per year for most patients, who will be infused by a healthcare provider with between three and four vials each month, Novartis said. The biologic drug, also known as crizanlizumab, was shown in trials in its high-dose formula to cut sickle cell pain crises nearly by half to 1.63 incidents annually from 2.98 in those getting a placebo.

Yahoo Business
Nov 15, 2019

UPDATE 2-Novartis sickle-cell drug gets U.S. FDA approval
Novartis AG on Friday won U.S. approval for its experimental sickle cell disease drug, Adakveo, making it the first of several proposed new therapies designed to offer lasting relief for patients with the debilitating blood disease to get U.S. regulatory clearance. The drug will be priced between $84,852 and $113,136 per year for most patients, who will typically infuse themselves with between three and four vials each month, Novartis said. The biologic drug, also known as crizanlizumab, was shown in trials in its high-dose formula to cut sickle cell pain crises nearly by half to 1.63 incidents annually from 2.98 in those getting a placebo.

Yahoo Business
Nov 15, 2019

How two technical warning signs are impacting the Nasdaq
On Wednesday, two technical warning signs were triggered at the same time on the Nasdaq Composite: the Hindenburg Omen and the Titanic Syndrome. Yahoo Finance's Editor-at-Large Brian Sozzi discusses how these technical happenings will impact the index in the days, weeks and months ahead.

Yahoo Business
Nov 15, 2019

'Joker' expected to cross $1 billion global box office milestone
Comic book movie "Joker" is poised to surpass $1 billion in global ticket sales on Friday, becoming the first R-rated Hollywood movie ever to overcome the milestone. "Joker," a dark origin story from Warner Bros. about Batman's arch nemesis, had sold $999.1 billion as of Thursday despite not having been screened in China, which is projected to become the world's largest movie market next year. Starring Joaquin Phoenix as a mentally-ill loner who finds fame through a random act of violence, the movie earned warm reviews as it opened in early October but stoked controversy in the United States over fears it would encourage violence.

Yahoo Business
Nov 15, 2019

UPDATE 2-Oklahoma judge reduces Johnson & Johnson opioid payout to $465 million
An Oklahoma judge on Friday said Johnson & Johnson must pay that state $465 million for fueling the opioid epidemic through the deceptive marketing of painkillers, down from his original award of $572 million. The decision by Cleveland County District Judge Thad Balkman in Norman, Oklahoma, came in the first case to go to trial out of 2,700 nationally by states, counties and cities seeking to hold drug companies responsible for the deadly epidemic. Balkman reduced the amount he had awarded in August by $107 million after agreeing with New Brunswick, New Jersey-based J&J that he had made a math error.

Yahoo Business
Nov 15, 2019

UPDATE 1-Oklahoma judge reduces Johnson & Johnson payout in opioid case to $465 million
An Oklahoma judge on Friday said Johnson & Johnson needs to pay only $465 million of the $572 million he previously concluded it owed the state for fueling the opioid epidemic through deceptive marketing of painkillers. The ruling by Cleveland County District Judge Thad Balkman in Norman, Oklahoma, came in the first case to go to trial out of 2,700 nationally by states, counties and cities seeking to hold drug companies responsible for the deadly epidemic. Following a non-jury trial, Balkman had ruled in August that Oklahoma had proven that J&J engaged in misleading marketing about the benefits of painkillers, and that their addictive risks caused a public nuisance in the form of the opioid crisis.

Yahoo Business
Nov 15, 2019

JD.com shares drop despite earnings beat
JD.com's stock dipped despite the company's strong earnings for the quarter. Yahoo Finance's Brian Sozzi and Alexis Christoforous discuss on The Ticker.

Yahoo Business
Nov 15, 2019

Oklahoma judge reduces Johnson & Johnson payout in opioid case to $465 million
The ruling by Cleveland County District Judge Thad Balkman in Norman, Oklahoma, came in the first case to go to trial out of 2,700 nationally by states, counties and cities seeking to hold drug companies responsible for the deadly epidemic. Following a non-jury trial, Balkman had ruled in August that Oklahoma had proven that J&J engaged in misleading marketing about the benefits of painkillers, and that their addictive risks caused a public nuisance in the form of the opioid crisis.

Yahoo Business
Nov 15, 2019

Elizabeth Warren unshackles herself from 'Medicare for all'
Elizabeth Warren now has a "transition" plan that would leave private health insurance in place, at least for a while.

Yahoo Business
Nov 15, 2019

Analyst: Peak Sales Potential Of Amarin's Vascepa Underappreciated
Amarin Corporation (NASDAQ: AMRN) traded higher after the FDA's Endocrinologic and Metabolic Drug Advisory Committee voted 16-0 to recommend approval of label expansion for Vascepa capsules to include reduction in the risk of cardiovascular, or CV, events in high-risk patients. Vascepa was initially approved in 2012 as an adjunct to diet to reduce triglyceride levels in adult patients with severe hypertriglyceridemia. The Adcom reviewed the drug based on the results from the Phase 3 REDUCE-IT CV outcomes trial, which showed that the addition of Vascepa to statin therapy brought down the risk of cardiovascular events by 25% compared to statins along with mineral oil, which was used as placebo.

Yahoo Business
Nov 15, 2019

Largest Insider Trades of the Week
Insiders dump shares of Air Lease, Uber Continue reading...

Yahoo Business
Nov 15, 2019

Cowboys owner Jerry Jones has a long-term game plan for Haynesville gas
Reuters on Wednesday reported that Comstock Resources is in talks to buy Chesapeake Energy Corp's Haynesville shale assets in Louisiana. A deal would come just months after Comstock paid $1.1 billion to buy privately held Covey Park Energy to become the largest operator in the region.

Yahoo Business
Nov 15, 2019

Dodge & Cox Buys Encana, Acquires More Occidental
A look at the mutual fund's third-quarter portfolio updates Continue reading...

Yahoo Business
Nov 15, 2019

AMD Stock Runs Red Hot, Extends Crazy Win Streak
AMD shares are trading at new highs again

Yahoo Business
Nov 15, 2019

Earnings Miss: ScanSource, Inc. Missed EPS By 19% And Analysts Are Revising Their Forecasts
Investors in ScanSource, Inc. (NASDAQ:SCSC) had a good week, as its shares rose 3.3% to close at US$34.85 following...

Yahoo Business
Nov 15, 2019

Hyundai Merchant Marine Reports Increase In Revenue, Smaller Loss
South Korea's Hyundai Merchant Marine (HMM) (KS:11200) said that it had an increase in revenue and smaller operating loss in the third quarter of 2019 when compared to the same period last year. The company ...

Yahoo Business
Nov 15, 2019

What Blockchain Means For Lawyers, E-Commerce Merchants And Financial Services
Executives gathered at the BiTA Symposium Chicago to share the opportunities and bottlenecks of blockchain, as well as provide perspectives on smart contracts, supply chain visibility, and maintaining Blockchain in Transport Alliance (BiTA) standards. "The first smart contract happened in 1989," said Ron Leibman of McCarter & English, a full-service law firm headquartered in Newark, New Jersey. Leibman joined the stage with Houman Shadab, the co-founder of Clause, and Shane Orians, the managing counsel at Meijer.

Yahoo Business
Nov 15, 2019

Natural Gas Price Prediction - Prices Rally but Drop 3.8% for the Week
Natural gas consumption and production rise to records

Yahoo Business
Nov 15, 2019

3 Cannabis Companies Generating a Profit: Is it Sustainable?
Profits for most cannabis companies aren't expected in the near future, so when companies to announce positive EBITDA in their earnings report, it's important to look under the hood more to find out what the nature of those results entail, and if they are sustainable.In this article we'll look at OrganiGram Holdings, Aphria, and Liberty Health Sciences, all of which have been posting positive EBITDA.TipRanks' Stock Comparison toolOrganiGram (OGI)OrganiGram has received some accolades because of it being able to generate positive earnings for four quarters in a row. The good news is because of its smaller size in comparison to a number of market leaders, it should be able to continue to boost revenue and earnings for now, as it operates out of one 490,000 square foot facility, which is expected to increase the amount of kilograms it grows annually from 36,000 to 113,000 by the end of 2019.OrganiGram is also one of three companies based in Canada that have sales agreements in all the 10 provinces in Canada.One of the major strengths of Organigram is its unique growing system that allows it to grow almost twice as much cannabis per square foot than its closest competitors, and in most cases, it's over twice as much per square foot.Another competitive advantage for now is its being the only large cannabis producer in Canada located in the province of New Brunswick. While it isn't a highly populated region, it does have the most cannabis usage based upon percentage of population. It also has little competition

Yahoo Business
Nov 15, 2019

Edited Transcript of ARQL earnings conference call or presentation 30-Oct-19 1:00pm GMT
Q3 2019 ArQule Inc Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of EKT.MC earnings conference call or presentation 30-Oct-19 12:00pm GMT
Q3 2019 Euskaltel SA Earnings Call

Yahoo Business
Nov 15, 2019

Edited Transcript of CORR earnings conference call or presentation 31-Oct-19 6:00pm GMT
Q3 2019 CorEnergy Infrastructure Trust Inc Earnings Call

Yahoo Business
Nov 15, 2019

Evaluating the launch of new streaming service, Disney
By all accounts, the launch of Disney was a great success. The company surpassed 10 million sign-ups since the streaming service went live on Tuesday. Ethan Alter who is Yahoo Entertainment's Senior Writer joins to discuss.

Yahoo Business
Nov 15, 2019

The U.S. debt is on path to exceed World War II levels
The U.S. federal debt is on track to balloon to 144% of GDP according to the Congressional Budget Office. Some experts see the debt as a "tax" on future generations.

Yahoo Business
Nov 15, 2019

Suspects arrested over $550,000 ‘SIM swapping' crypto theft
Two men have been arrested and charged over a scheme to steal digital assets from cryptocurrency executives - as well as threatening their families. Eric Meiggs, 21, of Brockton, Massachusetts and Declan Harrington, 20, of Rockport, Massachusetts are accused of stealing hundreds of thousands of dollars worth of crypto. The men are alleged to have stolen the cryptocurrency by taking over their victims' social media and e-mail accounts using a technique known as "SIM swapping". SIM swapping is where cybercriminals convince a victim's phone carrier to reassign the victim's cell phone number from the current SIM card to the hacker's own phone. According to the Department of Justice indictment, Meiggs and Harrington allegedly targeted executives of cryptocurrency companies and othersThe post Suspects arrested over $550,000 'SIM swapping' crypto theft appeared first on Coin Rivet.

Yahoo Business
Nov 15, 2019

UPDATE 2-Alphabet features self-driving garbage cans, apartment noise monitors in Toronto smart city project
Alphabet's Sidewalk Labs has provided more details on the technology it intends to use to develop a futuristic smart city in Toronto, which includes self-driving garbage cans and infra-red sensors to track foot traffic in stores, a document released by the company on Friday said. Waterfront Toronto, the agency in charge of developing the waterfront area of Canada's biggest city, gave a tentative approval to the project two weeks ago after Sidewalk agreed to walk back many of its original proposals, including putting all data collected into an Urban Data Trust, which critics said would not be subject to adequate oversight. The 12-acre project, close to Toronto's central business district, would feature adaptive street design and responsive sounds to help blind people find their way around, the document showed.

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