Posted on 10/26/20
Macy's: Almost The Last Department Store Standing
SummaryTraditional department store retail, deemed non-essential for long stretches of 2020, is preparing for the most important holiday quarter in recent memory.September retail spending figures showed . . .
Posted on 10/26/20
GBS Aims For $20 Million IPO
SummaryGBS has filed terms for its U.S. IPO.The company is seeking to refocus its development efforts to produce a Covid-19 point of care diagnostic testing system.GBS . . .
Posted on 10/26/20
More Macy's Stores May Be Dark for the Holidays, and That's a Good Thing
Macy's (NYSE:M) is closing at least two of its mall anchor stores and turning them into fulfillment centers. Heading into the all-important holiday shopping season, the . . .
Posted on 10/26/20
American Express' CEO Just Said He's Seeing "Big Pent-Up Demand" for Travel
Warren Buffett's favorite credit card company American Express (NYSE:AXP) held its third quarter earnings call last Friday, and results were somewhat surprising. Revenue was down 20.4% . . .
Posted on 10/26/20
Is Macy's Stock a Buy?
Is Macy's (NYSE:M) hot or not? Once a thriving department store chain selling everything from baby clothes to mattresses, its sales dropped more than 45% at . . .
Posted on 10/26/20
Sachem Capital Corp. Closes Public Offering
BRANFORD, Conn.--(BUSINESS WIRE)--Sachem Capital Corp. (NYSE American: SACH) today closed on the sale of $14 million aggregate principal amount of its 7.75% unsecured, unsubordinated notes due . . .
Posted on 10/26/20
Piedmont Closes Public Offering
NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Limited (Nasdaq:PLL; ASX:PLL) today announced the closing of its previously announced underwritten public offering of 2.3 million American Depositary Shares, which includes . . .
Posted on 10/26/20
Phreesia Closes Public Offering
NEW YORK--(BUSINESS WIRE)--Phreesia, Inc. (NYSE: PHR), a leading patient intake management platform, announced today the closing of the underwritten public offering of 5,750,000 shares of its common . . .
Posted on 10/26/20
Tompkins Financial Corp. Reports Record Q3 Earnings
ITHACA, NY - Tompkins Financial Corporation (NYSE American: TMP)Tompkins Financial Corporation reported diluted earnings per share of $1.63 for the third quarter of 2020, up 21.6% . . .
Posted on 10/23/20
AIG Agrees to Disallow $400M of Foreign Tax Credits in Tax Shelter Lawsuit
American International Group (AIG +0.2%) agrees to forego claims to more than $400M of foreign tax credits and to accept a 10% tax penalty to settle . . .
Posted on 10/23/20
Barnes Group Reports Third Quarter 2020 Financial Results
BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the . . .
Posted on 10/23/20
Manhattan Asking Rents Fall Below $3,000 for First Time Since 2011
A record high share of rent cuts contributed to a Manhattan median asking rent of $2,990 in the third quarter of 2020 — the first time . . .
Posted on 10/23/20
Management Matters: Your Bias Means Their Departure
Bias comes in all forms and shapes. I shouldn’t come as any surprise that it can be found alive and well in management offices in every . . .
Posted on 10/23/20
Why General Electric, Booking Holdings, and Six Flags Stocks All Surged Thursday
What happenedIn a curious confluence of circumstances, shares of stocks as varied as General Electric (NYSE:GE), Booking Holdings (NASDAQ:BKNG), and Six Flags Entertainment (NYSE:SIX) are all . . .
Posted on 10/23/20
Ideanomics Could Find Future Success From S2F2C Business Model
SummaryIDEX works with its S2F2C model to bridge together fleet operators, EV manufacturers and lease financing companies to facilitate commercial EV adoption.Revenues are still small, but . . .
Posted on 10/23/20
Nasdaq Notches Q3 Beats, Declares Dividend, and Names a New CFO
Wednesday has been a very busy day for Nasdaq (NASDAQ:NDAQ). The securities exchange operator spent its morning releasing its latest quarterly results, announcing a fresh dividend, . . .
Posted on 10/23/20
3 Reasons to Sell Eastman Kodak Now
In July, Eastman Kodak (NYSE:KODK) stock soared by more than 1,000% on news that it would be receiving a $765 million loan under the Defense Production . . .
Posted on 10/23/20
1 Green Flag for Teladoc's Future
When telehealth provider Teladoc (NYSE:TDOC) purchased Livongo (NASDAQ:LVGO) for $18.5 billion in August, the investing world was caught off guard. The valuation was considered outrageous by . . .
Posted on 10/23/20
FTAI Aviation and Lockheed Martin Collaborates on The Module Factory
NEW YORK, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) and Lockheed Martin (NYSE: LMT) Commercial Engine Solutions announce an agreement . . .
Posted on 10/22/20
Goldman Sachs: Results Are Stronger Than They Look
Going into the third-quarter reporting period, Goldman Sachs (GS) was faced with a great deal of market attention and a set of very high expectations amongst . . .
Posted on 10/22/20
Safehold Reports Third Quarter 2020 Results
NEW YORK--(BUSINESS WIRE)--Safehold Inc. (NYSE: SAFE) reported results for the third quarter 2020.Highlights from the third quarter earnings announcement include: Revenue of $38.0 million, a 70% . . .
Posted on 10/22/20
States with the Fastest Recovery for Weekly Unemployment Claims – Updated WalletHub Study
Despite the fact that the U.S. is struggling with a fall surge in the COVID-19 pandemic, new unemployment claims decreased week-over-week on October 12, and were . . .
Posted on 10/22/20
Blue Apron: Very Concerning Fine Print In The Credit Line
SummaryBlue Apron's new credit line adds new covenants that give reason for pause.The company is now required to maintain a set level of customers "at any . . .
Posted on 10/22/20
Corning Precision Glass Solutions Collaborates with Pixelligent
Corning Incorporated (NYSE: GLW), the world’s leading manufacturer of optical materials, including high-refractive index glass that enables superior image quality for augmented and mixed reality (AR/MR) . . .
Posted on 10/22/20
GE Partners With PIMCO to Seize Opportunities in Aircraft Leasing
The coronavirus pandemic has created major risks for aircraft leasing companies. Air travel demand evaporated earlier this year, putting many airlines at risk of defaulting on . . .
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