Talks between Macy's and Hudson's Bay (OTC:HBAYF) are in a preliminary stage, according to The Wall Street Journal . The company, which recently closed 68 stores, has a wealth of land and ground leases that it has pondered selling. However, Starboard Value , the activist investor hedge fund run by Jeffrey Smith, is pressuring for seats on Macy's board. In contrast to Macy's , Saks has opened 2017 with announcements of store openings, including a spate in downtown Greenwich.
Two people familiar with the case told Reuters that investigators searched offices at Deutsche Boerse's headquarters in Eschborn near Frankfurt on Wednesday in relation to suspected insider trading in connection with the share purchase. The shares were worth roughly 4.5 million euros ($4.9 million) at the time, but their value has since increased by 30%. LSEG welcomes the strong statement of support by Joachim Faber, chairman of the supervisory board of Deutsche Boerse who has described the ...
While an attack on the exchange rate adds a new dimension, Germany's trade imbalance has been criticized for years by the International Monetary Fund and economists including former Federal Reserve head Ben Bernanke. "A drop below 100 for the US Dollar index, plus references to an undervalued euro from a key Trump adviser and a rebound in eurozone CPI, mean that the euro is hitting new highs for the year, with European indices selling off as a result", says Chris Beauchamp at IG in London.
Analysts polled by Thomson Reuters expected the Facebook to earn $ 1.31 per share on revenue of $ 8.51 billion for the fourth quarter. Facebook's biggest money-maker continues to be mobile advertising , with 84% of all advertising revenue now coming from mobile ads, compared to 80% a year ago.
It was widely reported last November that Snap had confidentially filed the necessary paperwork for an IPO with the Securities and Exchange Commission, but had used a JOBS Act provision that allows companies with less than $1 billion in revenue to avoid making that paperwork immediately public.
US crude stockpiles for the week ended Friday rose 6.47 million barrels, almost double the expected increase. OPEC members could reduce supplies by 900,000 bpd in January, the first month of implementation of the accord created to eliminate a global supply glut, according to estimates from tanker-tracker Petro-Logistics SA.