Author: Andrew Milberg

The communication giant, T-Mobile US Inc. is planning merger talks after the ban put by the federal government expires this week. T-Mobile, the No.3 US wireless carrier said this on Monday as they reported a subscriber growth, which was more than what was expected in their first quarter.

The Federal Communications Commission of USA banned talks of mergers between telecommunication companies for about a year because it conducted about $20 Billion auction of broadcaster airways for use of wireless communication. The companies that took part in this auction were restrained by a period, which will be ending on 27th April when payments from winners of the auction are due.

With a bid of $8 Billion, T-Mobile was the largest winner and they are widely expected to be making the first discussion of mergers.

John Legere, the Chief Executive Officer of the company said that the organic and inorganic possibilities of this company are enormous and they are interested in looking at some possibilities on the matter. He said so on the post earnings conference call of the company.

In February, Reuters reported that the controlling shareholder of Sprint, Softbank Group Corp. was in talks with the shareholder of T-Mobile, Deutsche Telekom AG once the auction of the airwaves ended.

Many analysts and investors have pointed out that T-Mobile has other options too like staying independent or combining with Comcast Corp or Dish Network Corp and other companies like them as they try to improve their own network. They said with their airwave purchase they can compete in all the corners of this country.

On the same call, the CEO said that Dish, the satellite TV provider has access to spectrum and content and Sprint had a lot of scale options and a customer base that is really good.

The company has already started gaining the share of competitors like Verizon Communications Inc. and AT&T Inc. by lowering their prices and improving their network in a US wireless market that is largely saturated.

They have already added 914,000 subscribers who pay monthly bills during the 1st January – March 31st quarter. The analysts had expected net additions of about 847,000 subscribers in this quarter.

Customer defection or churn was less than 1.18% as compared to the estimation of analysts of 1.27%

The overall income rose from $479 Million to $698 Million or in terms of per share, from 56 cents to 80 cents as compared to a year earlier.

Earnings per share excluding items was 48 cents and the adjusted revenue was about $9.61 Billion. On an average, analysts expected EPS of 35 cents and the revenue was expected to be $9.67 Billion, according to the analysts.

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On Friday, the Secretary of US Treasury, Steven Mnuchin said that the United States is not going to make exception for any companies based in America, which includes Exxon Mobil Corp., which is seeking permission to drill in US sanction prohibited areas on Russia.

This direct statement clarifies that the stance of United States on sanctions against the Russian capital are really tough.

These economic sanctions were imposed by the European Union and United States on Russia over their Crimea region annexation in 2014 and their role in the eastern Ukraine conflict. Due to these sanctions, the world’s largest oil producer and a publicly traded company, Exxon may pull out of the Arctic region of Russia in the same year.

Exxon asked for waivers in 2015 and 2016 to operate in a joint venture with Rosneft, a Russian Oil Producer and received them as well. The sanctions by the European Union don’t keep oil companies of European origin from operating in the country, which is annoying to Exxon.

The WSJ reported that Exxon had applied for waiver in the recent months from Treasury Department to drill in the joint venture. Exxon spokesperson Alan Jeffers said that there were no applications of waivers since Donald Trump’s election win.

Exxon’s former CEO, Rex Tillerson is now the Secretary of State for US and such kind of request would draw attention. Under Rex’s command, Exxon had lobbied Congress on the sanctions of Russia and he opposed these sanctions in the year 2014 saying that they would be rendered ineffective soon.

Lawmakers in the US are investigating the possibility of ties between campaign aides of Trump and Moscow. Republicans currently in Congress as well as allies of US in Europe are anxious to know whether the administration of Trump would ease some sanctions that were imposed on Russia.

Rex Tillerson has vowed to remove himself completely from Exxon Mobil unless he has the authorization to do so. He is also going to sell his stock in Exxon Mobil by May.

Companies in the US file applications frequently to the Treasury for permission to do activities that are barred due to sanctions. The government then weighs the application based on interest of national security and other factors.

The refusal to their application would affect the bottom line of Exxon Mobil as they haven’t been able to operate in Russia for so long, which hinders their potential of growth.

Treasury doesn’t comment on license applications publicly, but the statement by Mnuchin is just to clarify the country’s stance on the sanctions against Russia while American allies are looking for some kind of clue into US policy, said observers.

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Steve Ballmer, the former CEO of Microsoft has started a new organization known as USAFacts. This organization would be analyzing the spending on the government on a larger scale. The organization would also make the revenue and spending easier to understand to the people of USA.

Steve Ballmer says that the motivation behind him to create the new organization USAFacts was that he himself was extremely frustrated that he was unable to find any source of information, which had all the relevant numbers from federal, state, and local government posts combined together to give a consolidated result.

Steve Ballmer started by gathering a lot of data specialists. These data specialists spent about three whole years to compile the initial report information that is now available at the website of USAFacts i.e. usafacts.org. The reports are going to be updated on the website in a periodic manner so that the organization maintains integrity and user base as well.

Steve Balmer said that he is a guy who loves numbers. Most importantly, he thinks that the correct and most appropriate role of the numbers is to try and help take on situations that are really complicated and try and simplify them drastically so that people can easily understand what they are all about.

The former executive officer of Microsoft said that his moto and aim is to provide the clearest of information on the spending of government. He also says that due to this the process of discussing divisive issues would be much easier if the basic facts are clear and each and every one agrees to them as they come from a credible source which he wants USAFacts to be.

Steve Ballmer also said that if people who are reasonable enough and end up disagreeing about something, they could be able to look at the same dump of data due to which growing closer together would be easier for those people.

He added that he was already surprised by many of the facts and numbers that the data specialists had collected like one of the facts that stated that more than 23 Million people in total are employed in government work

USAFacts.org was announced by him on Tuesday in a speech at New York’s Economic Club.

The team of this organization includes researchers, writers, and economists who are the ones that produce the reports. There are some academic experts from Lynchberg College, University of Pennsylvania, and Stanford University, which also helped.

The former Microsoft executive, who bought Los Angeles Clippers in 2014 after retiring from Microsoft, said that about $10 Million was invested by him in USA Facts till now and he would continue spending a lot of million dollars per year.

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United Airlines has been reviewing their policies immediately after the violent incident that occurred when a seated passenger was removed from flight against his will. The latest change in their policy is that they won’t allow their employees to take the seats of passengers who have already been seated on the overbooked flights.

Maggie Schmerin, a company spokeswoman wrote in an email that they have issued this updated policy to make sure that the crews that are traveling on their aircraft are booked on the flight at least an hour before the departure of the plane. This step was taken this Sunday and it is one of their initial steps in reviewing their policies.

She also confirmed the validity of an April 14 dated memo, which TMZ published – that ordered this new policy’s issue. She said that this change was to ensure that violent episodes like last week’s don’t happen again.

Ms. Schmerin also emphasized on the change that was announced earlier that law enforcement officials won’t be asked to remove passengers who don’t pose security threats from the plane.

The company is under review of the circumstances due to which Kentucky resident, Dr. David Dao was forcibly removed from flight by aviation police officials of Chicago on 9th April.

The removal was really violent and it grew into a really embarrassing episode internationally. Two teeth of Dr. Dao were knocked out; he suffered a bleeding broken nose and a concussion on the head. His lawyer said that he might even need surgery.

The news of his treatment also caused a big backlash that lasted for almost a week and this backlash also spanned continents. During this troubled time, the stock price of the airline company started falling rapidly and they were having difficulties in coming up with a proper response for the Dao situation.

After the uproar that lasted several days, the Chief Executive Officer of United Airlines, Oscar Munoz apologized on the show Good Morning America.

He said that the incident will never happen again on a flight operated by United Airlines. The above said lines are his promise and premise as he said on the show.

But this apology didn’t turn the tide in favor of the company. The lawmakers have also called for an investigation on the matter. Due to this episode, fingers were pointed at the current state of the airlines industry where the fees of travel and the discomfort to travel both have started to rise each year in equal measure.

United Airlines would bounce back from this, but this episode means that there are going to be serious policy changes in the airline’s policy.

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Tensions mounted inside Amazon as their employees pushed the management to stop the ads running on Breitbart News for Amazon products.

On 22nd March, 2017, an Amazon employee group wasn’t happy with Amazon running ads on Breitbart. They wrote an email to SVP Jeff Blackburn and CEO Jeff Bezos. The mail had a petition that opposed the continued advertising of the company on Breitbart with about 564 signatures.

The email stated that an Amazon employee had confronted the SVP at the March all-hands meeting of the company about the advertising on a site that is known to publish bigoted and hateful content.

The employee asked with the applause from the coworkers as to what would take for them to not advertise on Breitbart News.

The email stated that Blackburn had no reply to this question. He said that the relationship of Amazon with Breitbart was a little complicated.

Although Amazon has no direct relationship with the news company, they do select the exchanges via which they buy ads and they also might have some say in how those ads are targeted. According to the mail, the employee outcry that is outgoing might cause the company to review their decision of allowing their ads to run on the Breitbart site.

Since the election last year, the leadership of Amazon has faced a direct pressure from their employees and customers to cut their ad ties from Breitbart. A website called SumOfUs.org has a petition signed by more than 550,000 people, which is urging the company to stop being an investor in hate, a sign to pull out of Breitbart ads. At the same time, Sleeping Giants, an anonymous collective of marketers has successfully called about 1600 advertisers out of putting ad dollars into Breitbart.

When the news was first reported on the unrest of Amazon employees on the ads on Breitbart in February, about 34 employees had filed individual complaints to the management of the company. Now with a petition of almost 600 signatories, most of whom are LGBTQ, colored people, or women, the momentum is clearly on the increasing side. Worldwide, Amazon employs about 340,000 employees.

The employees of Amazon said that the company had been extremely unresponsive to their complaints earlier. One told that they had been just brushing them off. But in recent terms, a movement has started to address this issue. Sources also said that the leadership of Amazon met with the representative employee behind the petition this Tuesday morning.

The Amazon employee told that now the company is taking this problem very seriously. The decision has not yet been finalized, but the direction is finally right!

There was no response to the multiple requests that were sent to Amazon for comment on this internal email.

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The new commercial jets finally made their debut for both Boeing and Airbus.

The 787-10 of Boeing took over the skies from South Carolina on 31st March, 2017 and it spent about four hours and fifty eight minutes in the air.

This aircraft is known as the Dreamliner and it is the biggest 787 variant for the company. The plan has the same wingspan of 60m and a cross section of 574 cm as the other two variants 787-9 and 787-8, but the length is about 68m, which is 5 meters longer than the other two variants due to which the Boeing 787-10 can pack about 38 added passengers in the recommended configurations by Boeing.

Due to this extra size, the 787-10 would have a shorter range, which is the only drawback. The plane would be comfortable covering 11,910 Km. Therefore, for flights going from Europe to Asia, Europe to west coast of US, or from Northern Asia to North America, it is perfect. But for farther flights like from Australia to US will be too far.

Those longer routes would need the forthcoming Boeing 777-9 which would leave 787-10 a promising option for replacements of all 767s on routes that are trans-Atlantic and older 747s, 777s and A340s as well for longer hops.

787-10 has to undergo a lot of testing before it can carry passengers. The previous 787s have already passed these tests, so this aircraft would also pass the tests before Boeing’s deadline of first half of 2018.

The new variant of Airbus also touched the skies for the first time. A319neo flew to Toulouse from Frankfurt last Friday.

A319 is the smallest of all the A320 aircrafts. It offers a maximum seating of 156 and has a range of up to 7000Km.

However, if required, the A319 can hop over the Atlantic. It is going to do shorter route duty as the aircraft’s single aisle clearly states that it is not suited for long flights.

The latest neo range has new engine options for operators and the debut flight was made using propulsion by the LEAP-1A engines of CFM international.

The focus for both the plane makers has been on lowering the operating costs in the new aircrafts. This is because the passenger services have really low margins.

This low margin is not stopping the airlines from sprouting up all around the world to cater to the needs of people with enough cash to afford flying. Indian and other airlines in Asia have placed dozens of orders to cater to the middle class travelers due to which both Airbus and Boeing have huge backlogs of orders.

The new planes have been designed and developed keeping that in mind and would definitely cover some backlog orders for both Airbus and Boeing.

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The departure list from Uber keeps on growing. On Sunday, Uber said that the ride sharing president of Uber, Jeff Jones left the company after six months of joining it. Brian McClendon, the maps and business platform Vice President at Uber, is also planning to leave by the end of this month.

The circumstances that led to them leaving are very different. Mr. Jones was poached from the company Target to be the No. 2 Executive at Uber, who left because the CEO of the company, Travis Kalanick said that he needed help in leadership and was searching for a new Chief Operating Officer.

The departure of Mr. McClendon was harmonious and he would stay as an adviser to the company. He said that he was moving back to his home state Kansas to explore politics. His last day at Uber would be March 28, 2017.

These departures add to the earlier executive departures from Uber in 2017. Gary Marcus, who joined in December after the acquisition of his company, left in March 2017 and Raffi Krikorian, the self-driving division director left last week. Top Engineer, Amit Singhal was also asked to resign as he failed to disclose the claims of sexual harassment against him at Google, his previous employer. Another senior executive, Ed Baker also left this month.

There were no comments from Mr. Jones on his departure. Mr. McClendon said that he was returning to Lawrence, Kansas, his hometown, after being away for thirty years.

The hiring of Mr. Jones last August was highly publicized by the company. He was in charge of the company’s operations, customer support, and branding divisions.

The exit of Mr. Jones is problematic as many former and current employees saw him as the counterpart or successor of Travis Kalanick. The Board of Directors and Investors just wanted to stabilize the company after the past few months of turmoil.

Kalanick has faced a lot of scrutiny for his role in the internal operations at Uber and blamed for not dealing with the human resources issues of the company. Mr. Jones was supposedly the adult in the room as he had a lot of experience as a leader in a public company going through a lot of crisis.

McClendon, on the other hand, was hired from Google nearly two years ago to work on the autonomous vehicle and mapping initiatives. McClendon was at Google for about ten years and was an integral cog in the formation of Google Earth and Geolocation Technology research of the company.

Uber currently relies on a mix of technologies, but heavily relies on Google Maps, which is one of Uber’s main competitors as well. Therefore, McClendon’s departure is problematic as it is strategically important for Uber to strengthen their geolocation and mapping services.

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Proteon Therapeutics, Inc. (NASDAQ:PRTO) is a hold, according to the latest average broker rating of 2.5. The number of analysts in this rating is 8. Research Analysts at Zacks has the stock a rating of 3, which implies that the firms recommendation is Neutral on the company. Proteon Therapeutics, Inc. (NASDAQ:PRTO): 5 Analyst have given the stock of Proteon Therapeutics, Inc. (NASDAQ:PRTO) a near short term price target of $10.2. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $8.64. The higher price target estimate is at $21 while the lower price estimates are fixed at $3.

Proteon Therapeutics, Inc. (NASDAQ:PRTO) : On Thursday heightened volatility was witnessed in Proteon Therapeutics, Inc. (NASDAQ:PRTO) which led to swings in the share price. The stock opened for trading at $1.75 and hit $2.15 on the upside , eventually ending the session at $1.75, with a gain of 2.94% or 0.05 points. The heightened volatility saw the trading volume jump to 934,643 shares. The 52-week high of the share price is $11.63 and the company has a market cap of $29 million. The 52-week low of the share price is at $1.4 .

Proteon Therapeutics Inc. is a biopharmaceutical company. The Company is developing pharmaceuticals to address the medical needs of patients with kidney and vascular diseases. It is developing PRT-201, a recombinant human elastase, applied in a single treatment to the external surface of arteries and veins during an open surgical procedure or an endovascular intervention. Proteon Therapeutics Inc. is headquartered in Waltham, Mass.

Proteon

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The stock indexes in US closed higher on Wednesday because of an oil rate bounce after Federal Reserve had a less aggressive than expected stance. The interest rates were raised by the central bank as expected.

Dow Jones closed up at a triple digit, about 110 points after the released statement. Most gains were contributed by UnitedHealth with Caterpillar and Johnson & Johnson following right behind.

A fresh intraday high was also seen in the NASDAQ Composite 100, closing at a record. This was due to the record highs in shares of Apple Inc. Stocks of semiconductor companies also reversed losses with iShares PHLX Semiconductor ETF ending higher as well, by nearly 0.8 percent.

The target range for federal funds rate was also raised by the Fed. It is now between 0.75% and 1%. The only no vote for this came from Neel Kashkari, the Minneapolis Fed President. The policy makers said in a statement that they are expecting conditions in the labor market to strengthen more and inflation to stabilize to about 2% in the coming term.

After the release of this statement, the Treasury yields fell. The 2Y Yield dropped to 1.3%. Earlier this season, this yield hit 1.4%, its highest value since June, 2009. The 10Y Yield was at 2.5%. Both the yields were at their lowest value in the week.

The index of the greenback extended its losses to trade at about 1% lower and these levels were not seen in about two weeks. The Euro traded at $1.073 and Yen at 113.4 Yen against the US Dollar.

The financial stocks just fell in the S&P 500. There were advances in the energy sector, which closed up 2.1%. US Crude oil futures were at $48.86 per barrel, up 2.39% after the weekly inventory data showed a stockpile drawdown. The consumer price index was up 0.1% in February and Ex-food and energy costs, the core Consumer Price Index was also up by 2.2% in twelve months through February.

Retail sales also showed a 0.1% rise, which is their weakest print since August. If we exclude food services, building material, gasoline, and automobiles, the core retail sales rose by 0.1% after a revised upwardly 0.8% jump in the month of January. The retail sales and CPI clearly matched the expectations.

According to the New York Federal Reserve, the ESMI (Empire State Manufacturing Index) lowered to 16.4 in March. The new order index climbed to 21.3, roughly by 8 points, its highest since 2009. There was a 0.3% rise in Business Inventories in January.

Dow Jones closed up 112.73 points at 20950.10. American Express still lagged. S&P 500 was up 19.81 points at 2385.26. Financials declined, but energy was the advancer. NASDAQ Composite closed at 5900.05 by gaining 43.23 points, mostly because of Apple.

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Volkswagen conducted an annual results conference on Tuesday. The Chief Executive Officer, Matthias Mueller said in a statement at the conference that he is still considering a merger to take place with Fiat Chrysler.

Reuters said that this statement represents a significant change of mind of the CEO, Matthias Mueller as in the previous week during the auto show at Geneva he said that the company is not ready to reveal anything at the moment. He had also said that the company was making attempts to overcome the crisis of the scandals caused by emissions and thus had written off any potential collaboration.

The Chief Executive Officer of FCA, Sergio Marchionne has declared openly that if the automakers wish to maximize their profits and work on a technology that benefits them then they should try and get into a merger so that they can share the technologies, resources, and insights and help each other to invent much cleaner technologies that are safe for the environment and this collaboration will also assist them in cutting their costs and expenditures.

In Detroit on Friday, the German automaker pleaded guilty and was accused of creating conspiracies and providing obstruction to justice in the results of the emissions scandal that had been a long-winding one and made Volkswagen undergo a great deal of challenges. After this, the automaker consented to a scheme to get the regulations and rules pertaining to pollution in the United States and checked for the safety parameters and threshold limits of about 500,000 diesel vehicles. 

In addition to this, the automaker has agreed to pay a sum of 4.3 billion as compensation and penalty. Along with this sum of money, the automaker has to pay around 21 billion dollars, which is inclusive of the pledge taken by the company to repair and buy back the diesel it had acquired by wrongful means.

After Volkswagen completes one of its buybacks, it will be transporting the vehicle from the concerned dealership to the storage facilities (for example, Pontiac Silverdome in the city of Metro Detroit). After the completion of the storage process, Volkswagen will be maintaining all the vehicles regularly according to the parameters defined in the modifications of the approved emissions. Volkswagen has assured that all the vehicles that fail to meet the requirements specified in the modifications of approved vehicles will be sent for the recycling process.  

However, a spokesperson from Volkswagen declined to reveal the number of vehicles at the Silverdome during late January.

 

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A rally in the city of San Francisco began in the afternoon on Tuesday by the name of Pi Day. Protesters in large numbers (about hundreds) joined this rally. This rally was a means of protest against the administration of the United States president, Donald Trump and the policies he formulated on issues like healthcare and immigration, which is causing immense problems to the residents of the United States.

This rally was organized by Tech Stands Up, which is a non-profitable group. The speakers of the rally comprised of both the current as well as the former employees from big companies like Google, Facebook, LinkedIn and Cisco.

Though the primary reason behind the rally was the administration under Trump, it also emphasized on the increased pressure that is put on the leaders of the technology companies as compared to the political leaders.

The co-founder of Hipmunk, which is a travel startup, Adam Goldstein said that it is easier for the executives to bring about tax reforms for social justice because they have no concern about losing their customers. He also added that is easier for these executives to advocate on the issue of immigration. According to various sources, this rally acted as an example of the political awakening of the Silicon Valley and highlighted the challenges and hurdles that are faced by the tech leaders in order to maintain a balance in the working of their companies due to the policies formulated by the White House.

The employees of several companies are urging them to protest against the progressive values that are forced by Trump on the industries. All the technical companies are trying to negotiate and work on a mutual process as far as the issue of taxation and other regulations are concerned.

Several other tech companies revolted against the travel ban imposed by Trump and the decision of the administration that withdraws all forms of protection towards the transgender students in the public schools.

A janitor and immigrant, Maria Gonzalez working at Facebook, suggested in her speech that the big technical companies must create campuses that serve as sanctuaries for the immigrants.

A barista working for Cisco, Jacky Espinoza also said at the rally that she hopes that the executives stand not only for the immigrant workers that are highly skilled, but also all the workers who provide some contributions in building a technology that enhances the United States.

Even the global platform, Twitter saw various tweets from different people supporting the cause of the rally and speaking against the rules imposed by Trump.

The founder of Tech Stands Up is Brad Taylor who is a software engineer. He founded this group after he got frustrated with the working of the current administration. The goal of the Tech Stands Up group is to withhold and defend the values of openness and diversity of the Silicon Valley.

 

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Despite the fact that Yahoo has sold its key business, it has decided to pay all its top executives with a handsome amount. On Monday, Yahoo announced its upcoming plans for the future and said that Yahoo is about to sell its advertising business and technology to Verizon. Once this deal has been made official, the company will replace its existing Chief Executive Officer, Marissa Mayer. The remainder of the company will comprise of the Alibaba stocks that are owned by Yahoo, the stakes of the Yahoo operating in Japan, and several other minor investments.

When compared to the tasks at hand available to Marissa Mayer, the tasks that are going to be executed now will be much simpler. As Marissa Mayer is leaving Yahoo, the company is going to offer her a severance package of 23 million dollars. In addition to this, she has been awarded with options of unexercised stocks that amount to 69 million dollars. And she is also the owner of the stocks of Yahoo, which are worth 97 million dollars. She can sell these stocks if she wants after she leaves the company.

Marissa Mayer has even voluntarily surrendered 20 million dollars as a compensation for the cyber-attacks that had recently taken place in Yahoo. Summing all this up, Marissa Mayer will still be the owner of a very handsome capital, which can be approximated to about 189 million dollars.

Yahoo decided to replace Marissa Mayer with the former Chief Executive of the IAC, Thomas McInerney. He received his offer letter on Monday and will be beginning his term as the new Chief Executive officer of Yahoo with a base salary of 2 million dollars. This is twice the amount that was being paid to the former CEO, Marissa Mayer. According to the disclosures revealed by Yahoo, the company plans to pay Thomas McLearney a sum of 4 million dollars in his 1st year and the company assumes that he is going to achieve all his targets.

This decision of paying Thomas Mclnerney so much more than Marissa Mayer can be questionable on the basis on discrimination of gender. The amount, which Thomas Mclnearney will be receiving, is for absolutely no work as compared to the burdensome, tedious, and challenging tasks that had to be carried out by Marissa Mayer.

Yahoo, which will be headed by Thomas Mclnearney, is not like the vast business Yahoo used to be prior to its sale to Verizon. It has transformed into an investment company, which will carry out similar operations and functions like any other mutual fund.

 

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The largest chain in the world dealing with the outdoor specialty stores, Gander Mountain filed for bankruptcy on Friday and asked the court for protection from the creditors and expressed that the company wants to sell their business.

Gander Mountain will be shutting 32 stores out of 162 stores, but has decided to keep the store at Onalaska open.

Gander Mountain is a company, which is based in St. Paul. It had started to experience some financial crisis from the month of January and many of its vendors had not received their payment yet.

The company decided to file for bankruptcy when it realized that it lacks the resources and capacity to restructure its outlets that were getting faltered. According to the company, the idea of selling the business is the most optimal solution to fight their existing problems. The protection from the court will be assisting the company to protect the interest of all its stakeholders, employees, and customers.

The auction for the sale of the company will begin in the month of April and Gander Mountain is indulging itself in discussions with various potential buyers.

Overton Inc., which is a subsidiary that sells outdoor equipment and boat gears, was also filed for bankruptcy by Gander Mountain. It is situated in North Carolina and was open for sale in the previous year also, but Gander Mountain unfortunately had not come across any buyer.

The outlets Mankato, Rogers, and Woodbury in Minnesota and the stores of Germantown and Eau Claire in Wisconsin are the few that are closing because of their bad performance. Gander Mountain has reduced the prices available in its online inventory by 15 percent to 25 percent.

Despite the severe challenges and crisis, many creditors believe that Gander Mountain has the capability to overcome these hurdles and survive.

A media agency of Chicago, Starcom WorldWide’s executive Vice President, Jens Wilins said that Gander Mountain is a great company with a long legacy. Thus, despite all the turbulences in the market, the company can consolidate its hold and come on track again.

Gander Mountain is privately held by David Pratt and the Erickson family. David Pratt is an outdoors enthusiast and a businessman from St. Louis. On the other hand, the Erickson family is the owner of the Holiday Station store.

The bankruptcy files state that Gratco LLC of David Pratt owns a stock percentage of 44.6 percent and Erickson family owns a percentage of 44.8 percent. The rest of the stocks belong to the other 2 members of the family of Pratt.

The report by Dun & Bradstreet reported that the company has about 5,605 employees all across the nation and has witnessed an annual sale of more than 1 billion dollars.

 

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Verizon initiated the year 2017 with the introduction of an unlimited data plan and has attracted a large number of users. This new data plan introduction was quite surprising as the CFO of Verizon had made a statement in the previous year and said that the unlimited data model does not work for them.

This is quite a contradiction from the statement of the CFO of Verizon. With help of this data plan now, Verizon has been successful with all the customers of Sprint in a very swift manner.

An investor conference of Deutsche Bank was held on Tuesday. In this conference, the CFO of Spring, Tarek Robbiati said that the push of Verizon towards the launch of unlimited data is largely affecting the number of users in Sprint. The customers of Sprint are declining as they are all preferring Verizon over Sprint. Tarek Robiatti also added that the competition and its intensity were far more than their expectations.

Sprint, in a very subtle way, suggested that the customers’ turnover rate has being going down steadily and it is because of the new Verizon strategy that is hitting the market. Not only are the number of customers declining, the pricing of the unlimited data model is disrupting and hindering the profits margin of Sprint. Because of the transformations and plummeting of these two factors, the stocks of Sprint have fallen in value by almost 5 percent.

To overcome this competition, Sprint has devised of a plan to reduce the prices of its services and offerings. After Verizon launched the unlimited data plan, which had a very aggressive pricing in the month of February, T-Mobile enhanced the quality of the plan it offered. This plan was included with unlimited data. AT&T also launched and introduced many options of data plans. To overcome the rivalry and competition by all these 3 companies, Sprint was only left with one option – to emerge from the losses and that was to reduce its prices.

For a longer term, if the company, Sprint wants to evolve as the emerging company it will likely be looking for a merger and collaboration with these companies so that it can grow and expand its business. In such a situation, many analysts reveal that T- Mobile might be a great choice if Sprint wants a merger. It will make one less company to compete with and also increase their hold over the spectrum availability.

Currently, since the margin of profits is dropping for Sprint, they have decided to reduce the amount of capital they will invest for the development of their networks.

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As per a source, MGM is in active negotiation with Epix to acquire all its premium cable network, which it doesn’t own from partners Lionsgate and Viacom. This ground-breaking deal is valued between $1 billion and $2 billion

The news was followed after January when Lionsgate started selling off the 31.2 percent stake it had in Epix, just a month after mini-major accomplished its $4.4 Billion purchase of Starz. However, Viacom owns 50 percent. The deal with MGM seems to happen in the near future; however, if they come across a suitor who would be better than MGM they would likely opt for them.

After the acquisition of Starz, it was quite obvious that Lionsgate would leave the Epix collaboration, but when asked about the same, the executives didn’t give any details.

In January, at an Investor Day gathering, the Chief Executive Officer (CEO) Jon Feltheimer said Epix “is very valuable and throwing off cash.” He further added that Lionsgate and associates MGM and Viacom would “realize the value whichever way we all decide is best for our companies.”

Feltheimer later bantered that Lionsgate would “treat Starz just like any other third-party customer that we paid $4 billion for.”

Industry experts have pegged Lionsgate’s stake to be around $458 Million in Epix. This makes Viacom’s stake worth around $739 Million.

Currently, Epix is ranked at #4 position following leading networks like HBO, Showtime, and Starz. With the recent acquisition of Starz by Lionsgate, the company now does not need any other network. MGM Holdings has about 18.8 per cent of Epix. This puts an estimate on that of about $277.7 Million.

Epix deal further bolsters MGM’s digital and TV businesses. Recently, the company reported its 4th quarter earnings, as per which its TV content unit (including United Artists Media Group after MGM purchased the 45-percent in January in that it didn’t already possess) revenues fall 8.8 percent to $68.1 M along with a contribution of up to 117 percent to $33.9 M.

It was reported by CEO Gary Barber that the investors at MGM plan to enhance their content spending effectively this year to an amount as much as $440 M from $218 M recorded in the year 2016.

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Sears Holdings Corp. beat the market expectations by posting a smaller fourth-quarter loss. They managed to achieve it amid belt-tightening and working on the inventory management. The analysts had forecasted a loss of $2.85 per share, while the company posted $1.28 per share. Again the consensus on revenue was $5.9 billion, but the company came up with $6.1 billion figure.

In the past one year, the shares of the company were in a free fall with some 60% of the value eroded, but better-than-expected results made it jump by 11% in a day.

Jason Hollar, the Chief Financial Officer of the company said in a statement, “While the challenging holiday selling season pressured margins and comparable store sales, we were able to successfully improve profitability through disciplined inventory and costs management. We will continue to take actions to drive profitability, generate liquidity and adjust our overall capital structure while continuing to meet all of our financial obligations.”

Some of the cost-cutting measures taken by the company were closing its stores and giving pink slips to some of its employees working in the brick and mortar operations. The company also laid off some of its staffers at its Chicagoland headquarters.

If the long-term debt obligations of the company are compared then they have doubled from the last year, though the chain tried its level best to raise cash by selling off some of its assets.

The company looks determined to woo customers and has taken many steps to improve their experience. It includes introducing a new Sears MasterCard, which will enable the customers to accumulate their loyalty reward points and redeem them in their next shopping spree. The company has also expanded its partnership with the cab service Uber enabling its customers to get the rider rewards. It is also working on its mobile capabilities to provide home service operations to its clients.

Neil Saunders, the GlobalData Retail managing director, however, thinks that all these steps taken by the company are not enough. He feels that these are like “taking an Advil to cure a heart attack.” He believes that apart from sales of the company going down, the “pace of decline has accelerated sharply.”

Sears seems to work in the direction of making itself profitable. Last month only, the company had announced that it would close some 150 stores and reorganise some of its businesses to achieve annual savings of $1 billion. Working on it, the company sold its Craftsman brand for more than $525 million on Thursday.

 

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The year 2017 can be called unlucky for the coffee giant, Starbucks chains as it is facing challenges and difficulty in attracting customers towards its stores.

xAD, a research firm calculated data and said that in the month of January, Starbucks accounted for 11-percent of restaurant foot traffic of the US, which is down from January’s 12%.

A spokesperson from xAD informed the media that it is very difficult to discover a single factor that is resulting in this decline, but at the moment, Starbucks is going through a tough tide both in terms of operation as well as the challenge to enhance its reputation as a brand.

In the month of January, Starbucks had reported that the significant transactions that are a vital measure of the traffic of customers had gone down by 2 percent in the current quarter. The company attributed this loss to the challenges and hurdles that were being offered by the ordering through mobiles. The company also said that this wave of the orders through mobiles has created bottlenecks that pour into some of the busiest stores and thus have caused the crowd to let go of a few customers.

The company also hit a blow when Howard Schultz, the Chief Executive Officer of Starbucks announced that the company has plans to hire about 10000 refugees from all across the nation in the span of the next 5 years. This announcement was made when the President, Donald Trump had passed an executive order that stated that the refugees will be refrained from the entry in the United States.

The YouGov Brand Index stated that by the month of February, the perception levels of the consumers observed a drop of two thirds as compared to the month of January. The sentiment cracker provided by Credit Suisse has concluded that the online sentiment of the Starbucks chain by the customers has reached its lowest possible mark from the year 2014.

Once before, the company had faced a negative sentiment review when they started providing the red cups and the people said that it is not as much Christmasy and festive as they are supposed to be.

Jason West, a member of Credit Suisse mentioned in a report that the overall sentiment has recovered recently, but is still at a volatile stage in these weeks. This analysis has caused the Starbucks chain to be extremely cautious of all their activities if they want to meet the forecasts of their consensus of the sales in the stores of the United States.

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The President of the United States, Donald Trump had issued an order last month. The order pertains to the labor department to delay all the operations that are concerned with the rules of the retirement savings that were proposed. A unit of the Bank of America, Merrill Lynch has decided that it will not get rid entirely with its retirement accounts that are based on commission.

On Thursday, the bank called for a conference with all its advisors. Merrill Lynch said that it has plans to convert most of the retirement savers to the accounts that will be charging a fee, which will be based on the percentage of the assets. The assets taken into consideration will be from those accounts that will be charging a commission. This information was received from a source that is actively involved in this matter.

However, a memo was observed by Reuters that shed light on some valuable information in this context. The memo was noted by the head of the department of Wealth Management of the Merrill Lynch bank, Andy Sieg. The contents of this memo said that these conversions in the accounts might not be applicable to all those customers who hold an account in this bank.

In addition to this, the memo by Andy Sieg stated that Merrill Lynch has analyzed and understood that the best interest of any client that will lie in the arrangement based on the fee provided in limited situations only. The bank is considering all measures necessary to review and comprehend these limited circumstances so that other potential alternatives can be considered. These alternatives will be helpful in the IAP for many clients and will ensure the implementation in a consistent manner along with care, which will be of the highest standards.

During the presidency of the former president, Barack Obama, a new fiduciary rule was proposed, which has to be implemented from the month of April; however, Donald Trump in the previous month had ordered the Department of Labor to review the dates of its implementation.

Many financial services industries staunchly opposed this new rule. According to the Wall Street, if this new rule was implemented, it would provide harm and cause damage to the consumers because the costs of compliances and the fees will shoot up. This will make them to avoid the clients in the Main Street and also negate the small businesses and offer 401(k) plans.

The Wall Street Journal had also reported that Merrill Lynch was initiating plans to continue the offerings of the retirement accounts that were based on commission.

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Gothamist, which is a media company in the city of New York, has been bought by another media company, DNAInfo. Gothamist runs the local news websites in a total of five cities all across the United States. On the other hand, DNAinfo also runs local news. The company DNAInfo is owned by a billionaire named Joe Ricketts.

Gothamist.com, which is the flagship site for the city of New York, will be serving as DNAInfo’s official blog. The company said that it will be covering various topics like arts, food, and viral stories and in addition to this it will also promote various stories that will be churned out by the reporters’ network of DNAInfo. It also has a sister site called Chicagoist, which does the same for the site DNAInfo in Chicago.

The network of Gothamist also comprises of 3 other websites in Washington, Los Angeles, and San Francisco. A statement by Gothamist said that these three sites can be used as the launch pads for the stories of DNAInfo sometime in the future when required.

The owner of DNAinfo, Joe Rickets said that by collaborating and joining forces and resources with Gothamist, DNAinfo will enhance its job and increase its performance. They will also improve the user experience with the company by providing news that will be both interesting as well as relevant. This merger will help DNAInfo to achieve all its objectives in the long run.  

Gothamist was founded in the year 2003 and DNAInfo was a startup that was initiated in the year 2009. Both these media companies have done remarkably well since the time of their inception. Gothamist has assisted in shaping the mold for the aggregation of the local news to take place as well as its coverage on the fast growing internet. DNAInfo has been advancing very aggressively to fill up the void with an attempt of the newspapers of the city to cut back on the coverage of the local news.

But these two publications also have a few differences between them. DNAinfo has gained popularity owing to its publications and coverage of news in the neighborhoods. On the other hand, Gothamist is popular for features like reports on pressing issues and various snappy writings that largely appeal to the populations of left leaning cities.  

The type of news covered by both these media companies will be a delight for the audience of the United States as both Gothamist and DNAInfo are pioneers when it comes to coverage of the news people want to watch.

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America Movil, controlled by Billioniare Carlos Slim, said that the telecommunications regulator of Mexico had stepped up its antitrust rules against America Movil. This cranking up includes the order to the company to separate their fixed line infrastructure out of their main company.

The complete family of Slim share controlling interest in America Movil and this company has been subjected to tough regulations since the better part of 2014. This is as a part of a reform of sweeping sector type, which has been aimed to make the current market more and more competitive, even for the big players.

The company said that the Federal Telecommunications Institute or IFT ordered America Movil to create a completely separate entity from their fixed line unit called Telmex. This was to offer their competitors access to the infrastructure. This was confirmed by a report in February by Reuters, which depicted that this kind of change was being considered.

The requests to IFT to comment on the matter were not immediately responded by the IFT spokesperson.

America Movil’s statement to Mexican Stock Exchange said that this functional separation is based on a clear plan that was presented by Telmex for approval to IFT.

After the company described what this resolution required, the company criticized it. The company said that they were analyzing the resolution and will soon challenge the decision put forth.

The company added that the additions and modifications to these measures had a lack of regulatory predictability and legal certainty in the entire sector in which the company operates.

A Mexico CID university researcher, Alexander Elbittar, who considers himself to be a specialist in competition and regulation, had some views on the matter. He said that he was not surprised that Carlos Slim’s America Movil is thinking of challenging the resolution as a way of keeping their legal options open.

He emphasized that it is yet to be seen how the Telmex unit proposes to structure the separation that is going to take place, but at the same time he said that the overarching resolution seems to be really sound.

Elbittar said that the measure is a really drastic one, but it is inevitable in these markets as the markets feature a very strong concentration for a lot of years in terms of market power.

IFT voted for this rule last week and it was as a part of a review of all the antitrust rules in a periodic manner.

America Movil has seen a drop in their home profit margins from 45 percent to an amount less than 30 percent ever since the antitrust rules were imposed. The company still holds a market share of wireless telecommunication of as much as 70 percent.

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Jay Z’s Roc Nation empire has bolstered the formation of a new start-up called Arrive. As per a release on March 6, this new platform would focus on nurturing promising start-up companies.

Shawn Carter popularly known as “Jay Z” is launching Arrive, a new start-up firm as part of Roc Nation. The platform will collaborate with a selected group of early-stage startups to offer business and brand development services. The company would also provide financial support for their growth.

Roc Nation comprises of songwriters, producers, and music artists. On the other hand, its sports subdivision would aid professional athletes.

This would be the 1st alliance announced by the GlassBridge Asset Management. GlassBridge initially originated from Imation, the data storage company.

As per a news release, GlassBridge would help Arrive with institutional and operational support. GlassBridge’s spokesperson declined to elaborate on details.

GlassBridge Enterprises is headquartered in Oakdale. The enterprise is a wholly-owned subsidiary of GlassBridge Asset Management. The firm was initially created to help the technology-driven and quantitative strategies. Imation Corp formerly changed their name to GlassBridge Enterprises on February 21.

Arrive was created via a collaboration of GBAM (GlassBridge Asset Management), Jay Z’s Roc Nation, and Primary Venture Partners (company located in New York)

Talking about the company, Neil Sirni, the Head of New Ventures at Roc Nation said, “Arrive was created to leverage our experience and resources in building brands, developing consumer facing businesses, managing artists and representing athletes. We’ve opened that diversified, global range of expertise to a new vertical: entrepreneurs and their early stage businesses”.

He further continued citing, “Arrive also anticipates the launch of a traditional venture fund in order to, among other activities, support existing portfolio companies through their subsequent growth stages.”

Primary Venture Partners is primarily focused on seed investments of the industry, mainly for those industries that transform technology firms. Enterprise SaaS and next-gen commerce companies would serve as venture adviser to the new Jay-Z’s Arrive.

Ben Sun, the co-founder of Primary Venture Partners, expressed his excitement over the new collaboration venture with Roc Nation. He said, “What Roc Nation has built so far is a true testament to their vision, capabilities, and willingness to dig in and take their companies to the next level. We are thrilled to partner with the amazing team at Arrive and to leverage these unique resources to build the next generation of powerful brands.”

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Barnes Group Inc. announced on 6th March that it will be expanding its injection moulding technology business and for that, it is going to acquire Gammaflux LP. The terms of the deal have not been made public so far, although it is expected to close in the second quarter of 2017.

Gammaflux, which has its headquarters in Sterling, Virginia, is a supplier of sequential gate valve gate controls and temperature controllers for hot runners. The company also has offices in Illinois and Germany. The primary business of the company is serving the plastic injection moulding industry.

Bristol-based Barnes has been in the acquisition mode since 2012 when it bought Synventive, the hot runner manufacturer. Post that acquisition it added Otto Männer, Priamus, Thermoplay to its kitty. The most recent acquisition was that of the maker of rotating cube moulds for thin-wall packaging Foboha. To acquire it, Barnes paid $136 million.

The senior vice president of Barnes Group, Scott Mayo said that they are looking forward to adding Gammaflux control systems to their existing moulding solutions business.

He said, “Gammaflux adds technologically advanced, hot runner temperature control systems to our existing product portfolio, which enable moulders to achieve precise temperature control of the injection moulding process within the mould. This will ensure high-quality parts in the most critical moulding applications. These capabilities, when combined with Barnes Group’s leading hot runner, complex mould, and sensor technologies, create an unsurpassed offering to our customers in the plastic injection moulding industry.”

Once this acquisition completes subject to the meeting of certain closing conditions, Gammaflux will become an integral part of Barnes Group’s industrial segment. The acquisition has nothing to do with Barnes Group’s consolidated financial position or liquidity and will take place if certain closing conditions applicable to both the companies are satisfied. This acquisition when completed will mark the continuation of Barnes, a company formed more than 150 years back in 1857, to build an international plastics technology group.

Barnes Group is listed on the New York Stock Exchange. It is an industrial and aerospace manufacturer and service provider catering to clients globally.

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Uber Technologies Inc. is going through trying times. This online transportation network company based in San Francisco has been hit by a lot of very public setbacks in the recent weeks.

Some incidents are a blog post dated Feb 19 by Susan Fowler, a former engineer at the company, which said that the human resources division had failed to respond to the complaints of sexual harassment made by her and also the sudden departure of Senior Vice President of Engineering, Amit Singhal, who did not inform Uber that a very credible sexual harassment case was made against him while he was working at Google Inc.

Also Travis Kalanick, CEO of Uber, quit the economic advisory council of President Donald Trump after a lot of protests from the members of Uber staff and boycott of Uber services by customers. A video also surfaced where the CEO was having an argument with one Uber driver over the fares, which were falling. He did apologize for this.

The CEO sent a companywide email in which he said that he had hired former Tammy Albarran and US Attorney General Eric Holder partners at Covington & Burling L.L.P. to investigate these sexual harassment allegations. The law firm declined to comment on this.

Even Uber did not respond to comment requests and Mr. Singhal didn’t respond either.

The Vice President Andrew Foose for Navex Globel Inc. said that the companies fearing lawsuits should only give basic information of an employee when being asked about them, but the firm should make sure to find as much information about the prospective employee as they can, especially if the position is a senior management position.

Mr. Foose advises that while interviewing candidates for a job, the employers should directly ask them if they have been accused of any violation of company policy or misconduct in any way any time during their former employment.

Mr. Foose also warned about the referral lawsuits of negligent type, where the employer could be sued if they let another company knowingly hire an employee who was bad.

Pepper Hamilton L.L.P. counsel, Tracey Diamond said that the companies also leave themselves susceptible to charges of hiring negligently if they are not doing a great job in vetting the candidates and hires someone who had committed a crime or creates a work environment that is unsafe. 

The company clearly has a lot of work to do to improve its image. The Assistant Professor of Clinical Marketing, Ira Kalb, of USC Marshal School of Business LA, said that Uber should be employing a fact procedure where they apologize and admit their mistake and propose a clear solution to show that these kinds of incidents will not be occurring again. He was not surprised by this situation at Uber.

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Coca-Cola Co., the leading maker of soft drinks all across the world, has come up with a new strategy for the advertisement of their soft drinks. The company has launched an advertisement that is gay-friendly – it features a brother and a sister who are vying to gain the attention of a good-looking pool boy. This ad has won a lot of praise and appreciation as it is bringing out the notion of both inclusion as well as diversity.

This commercial made its first appearance during the last week. The Out Magazine also appreciated the ad and said that never before the rivalry between siblings appeared more inclusive. The Marketing Week also agreed with the comment and approved it.

Most shows on television as well movies are now revolving around a gay theme. This has become a common trend. But when it comes to the field of advertisements, it is comparatively slower to embrace the gay couples. This trend has been observed very specifically amongst all the marquee brands.

This ad is a part of the global campaign of Coca-Cola. It features a teenage girl who is ogling at a pool boy from a window downstairs. The girl’s brother is also ogling at the same boy from a window upstairs.

After that, the brother and sister race towards the refrigerator and make an attempt to trip one another and enter a bid to be the first to give the worker an ice-cold Coke. The ad has the “Come Prima” Italian song playing in the background. The song adds more fun to the existing commercial and makes it more appealing.

But in spite of all the efforts the brother and sister put in, by the time they reach the handsome open-shirted pool boy, they discover that their mother had already given him Coke.

Though the ad does not comprise of any dialogues, the entire act speaks volumes of emotions.  

There are totally 4 commercials under the global campaign of Coca-Cola, which is new. And this ad is one of the four commercials.

The senior manager, Ali Brubaker of the Public Relations Department of the global brand, Coca-Cola said that the advertisement symbolizes a human story in which Coca-Cola has a vital, key, and essential role to play when it comes to the drama development of the campaign.

He also added that the company tries to manage relevant messages culturally and organically within their spots. This does not form the main subject, but the sub text of the story.

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IRS, in recent times, has faced some substantial slashes in its budget, forcing it to make some difficult choices. It looks like the IRS executives have given up on the “Do more with less” slogan.

The IRS administration is currently in a state of flux mainly due to the recent Presidential Election. The IRS executives are trying everything possible to cut down their budgets. One of the methods that the IRS is trying is to minimize the face-to-face conferences, which happen between the taxpayers and the IRS Appeals Officers

As an alternative, the IRS officials suggested that they could conduct the conference via telephone. It is understandable that it is important for the IRS to take the necessary steps to balance the current budgetary constraints. However, a telephonic conference is not the right platform for resolving complex issues like tax disputes between the taxpayers and the IRS.

Many tax litigation and controversy attorneys believe that a telephonic conference call is not the right platform for resolving the complex matters involved in the administrative appeals submitted by the taxpayers.

If the lawyers are not in the same room as that of the decision makers, they cannot read their body language and measure the reaction of the IRS Appeals officers. Usually, an advocate or a lawyer adjusts his/her appeal based on how the IRS Appeals Officer is taking it. If a doubtful look is seen across the IRS Appeals Officer’s face, then the advocate would put forward his/her presentation in a different way so as to convey the message.

The other and the most important reason why the taxpayer’s advocate and the IRS Appeals team must have a face-to-face conference is that the Administrative Appeal is more negotiable in this manner.

This is the primary difference between an IRS Administrative Appeal and litigation. The IRS- Exam Team first presents its case well ahead of time, and later it’s removed from the appeal process. Then, the taxpayer’s representative tries to persuade an IRS Appeals Team to solve the tax issue in an acceptable (not necessarily favorable) manner to his/her client. Any experienced negotiators will testify that for the success of a negotiation; it must be done in person.

Regardless of the complexity or the size of the tax issue, each taxpayer must be given a fair chance to have a face-to-face negotiation with an IRS appeals officer so as to bring the tax issue to an acceptable decision. It is not a field where restrictions or shortcuts should be implied by the IRS to safeguard its limited resources.

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After rising to their highest on Friday, Nintendo Co. shares maintained their surging spree and rose 3.4 percent in early Monday trading. This happened after the successful launch of Switch, which is a hybrid console aimed at bringing the two different worlds of home gaming and mobile together.

The company shares were having a tumultuous time from past some time. While they skyrocketed after the launch of games like Super Mario Run and Pokemon Go, they slumped after the announcement of Switch probably because of the incorrect assumption of investors that the console gaming days are getting over.

The reality, however, is totally different. Mobile games are no doubt cheaper to develop, but making money from them is a tough job as when it comes to gaming the mobile platform is saturated. Console gaming, on the other hand, can give decent returns if the games are developed within sensible budgets.

The success of this hybrid console can be judged from the fact that the demand outstripped the supply in no time. With most of the retailers’ exhausting both their same-day inventory and pre-order in a matter of few hours, it is now clear that the company’s goal of selling two million units by this month end will be a reality soon. The gaming fans waited in cold in Toronto and New York to buy it at midnight sale events.

An analyst at Jefferies Group, Atul Goyal said, “There’s a sigh of relief today that the actual launch has gone smoothly so far. We have to wait and see if any major issue comes up by the end of the week.” There were some rumours regarding a potential defect in the Switch, which made the investors worried resulting in the share hitting south for four straight sessions prior to Friday.

Fans are excited about the new invention from Nintendo and one of the fans Adachi said, “I’m most excited about its portability. It’s different from smartphones because it has chunky buttons useful for action games. I’m looking forward to using it on the Shinkansen (bullet train) as I travel a lot between Osaka and Tokyo.” The switch can be considered as a tablet with wireless controllers. The user has the flexibility of using it on its own or plugging it to a TV.

The Kyoto-based company has brought its latest invention in the market for $300 and it is seen as the biggest bet of the company in recent years especially after the flop show of Wii U console.

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IBM is all ready to set a milestone in the field of quantum computers to enhance its business opportunities. It has already achieved commendable results with the help of Watson in the Artificial intelligence category as well as the in the category of block chain with the help of Fabric and Hyperledger.

Quantum computer is a very advanced technology. It is very different from the traditional computers. The quantum computers use the technicalities and fundamentals of physics to perform extremely complicated and rigorous calculations using bits (digits 0 and 1). 0 denotes off and 1 denotes on.

On the other hand, the quantum computer makes use of qubit. This qubit is capable of holding more than one state at any instance of time. This leads qubits to unleash the property of superposition used for the particles of quantum mechanics for the exponential power.  

The company said that ever since it opened access to their own quantum computing system for the public in May, more than 40,000 people have run about 275,000 experiments on it till date. Today, this system has a 5Qubit Processor that the whole internet can use.

The level of engagement from the outsiders is really encouraging, according to IBM. To get people up and running on their tech, IBM released a new API, which would allow developers to build software integrations between the normal computers and IBM’s quantum computing system residing in IBM research lab (in Yorktown Heights, NY). IBM would also release a simulator, which can model about 20Qubit circuits in the next few months and IBM also plans to put a full software development for their programmers.

This is just the beginning for Big Blue. The company is planning to make this commercial in the upcoming years.

IBM declined to specify the exact time for this commercial availability, but the company is contingent in researches overcoming the obstacles. The company is also seeking to prepare customers to ponder over how quantum computing would fit in their businesses in the next decade.

IBM is not the only company working on this. It has about six partners in its IBM Research Frontiers Institute collaborating to make quantum software and hardware design. The companies are Nagase, Canon, Hitachi Metals, Honda, JSR, and Samsung.

An analyst, Bob Sorensen working at IDC says that the technology does hold a lot of promise, but it won’t be ready for a lot of years. It must be clearly demonstrated that they are an improvement on the computers that we use today. By these announcements, IBM is tapping people on the shoulder by saying that they are committed to this.

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Recently many companies are undergoing troubles with regard to email scam. The official term for the email scam is referred and known as the CEO fraud and information regarding this has been provided by the Bureau of Financial Institutions state.

The Bureau of Financial Institutions made a statement on Wednesday through a news release and stated that the email scam that is the “CEO fraud” attempts to obtain money by means of a transfer through wire. The transaction that is targeted takes place by an employee in the office working either in the accounts or the finance branch. This activity is carried out by sending a number of emails to the several employees of the workforce by impersonating as any of the senior officials of the office.

The reports from multiple national organisations dedicating in maintaining business security have also coined these scams by the term business email compromise scam. The reports also suggest that the fraudulence of these emails are difficult to detect and may pass without any investigation. They are very convincing and thus do not raise any question of doubt. Some frauds are acing this scam technique by earning the trust of the person they are targeting. For this, they make sure to send a number of other messages and email to the target so that he thinks that the malicious email which leads to the wire transfer of money is also a genuine one.

Lloyd LaFountain, the Superintendent of the Bureau of Financial Institutions said that there are few measures which can help the target to identify a genuine email and spam on closer observation. He said that if the contents of the email are read closely then the target might be able to picks up hints and identify that the email is a scam message. However, he also added that these scams as well as others keep transforming and evolving from time to time and thus it becomes difficult to identify them.

He also stated that all the individuals must be very careful and caution while communicating their personal and financial details over emails, texts or call. They must verify the authenticity and only then reveal the information.

The administration of the bureau has urged everyone to reconfirm with the person who is asking for money wire transfer over email. You can either call the person separately or meet him directly to confirm if he has actually demanded for a wire transfer or not. The bureau also urged all the people to refrain from providing them credit cards, social security number and any other financial details until and unless they are sure that it is legitimate.

 

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On Wednesday, one of the largest environmental organisation of Maine, took pledge to “pursue every opportunity” to reverse the much controversial solar energy rules, which were adopted by the states’ Public Utilities Commission (PUC).

In January, this year, PUC permitted new rules surrounding the change in “net metering” strategies. As per the original policy, the homeowners would get credits on their electric bills if they fed excess solar energy back into the grid. But, as per the new policy, finalised on Wednesday, the homeowners who have already installed the solar panels shall continue to reap the benefits of the power they produce for the next 15 years, at the full retail rate. But, on the other hand, those owners who install solar panel system in the year 2018 or later would witness their credits reduced over time.

These new policies adopted but the PUC received a strong condemnation from environmental groups and installation companies, as well as by the Gov. Paul LePage. He is a critic of the state’s renewable energy resources policies.

‘The Natural Resources Council’ of the state of Maine denounced the 3-member PUC for approving “some of the most extreme anti-solar elements in the nation.” NRCM’s clean energy and climate director, Dylan Voorhees, said that such rules would “stifle investment in clean, local, solar power.” He also accused the board of adopting the policy without actual analyzation of costs and benefits of net-metering.

Voorhees said in a written statement that NRCM would not simply sit back, they will take hold of every opportunity, so as to overturn the extreme anti-solar rules formulated by the PUC. The written statement expressed that, “The best and swiftest solution is for the Legislature to enact an effective law to move Maine forward this session, before these extreme rules take effect at the end of 2017. The Legislature should be setting solar policy in Maine, not the PUC. With others, NRCM is also likely to file a ‘motion for reconsideration’ with the PUC, giving them one last chance to set aside these extreme changes.”

Having said that, it is still unclear whether the Legislature would pass such a bill to make it into law. Last year, the Legislature fell short of 2 votes for overriding LePage’s-veto of a bill to restore Maine’s solar policy. However, this year both the Senate and House seem even more divided, than that was seen during 2016 legislative session.

It is not the environment organisations who were displeased, even the Conservation Law Foundation expressed their disapproval over the new policy.

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Edge Therapeutics Inc (EDGE) was Resumed by Leerink Partners to “Outperform” and the brokerage firm has set the Price Target at $21. Leerink Partners advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Leerink Partners Resumed Edge Therapeutics Inc on Mar 3, 2017 to “Outperform”, Price Target of the shares are set at $21.Leerink Partners Resumed Edge Therapeutics Inc on Mar 3, 2017 to “Outperform”, Price Target of the shares are set at $21.

Several company insiders have filed Insider transactions , on Feb 8, 2017, Brian A Leuthner (President and CEO) sold 1,500 shares at $9.52 per share price. According to the SEC, on Aug 9, 2016, W Bradford Middlekauff (Senior VP, GC and Secretary) purchased 10,000 shares at $9.45 per share price. On Mar 15, 2016, James Healy (director) purchased 541,343 shares at $7.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Edge Therapeutics Inc closed down -0.1 points or -0.99% at $9.99 with 67,693 shares getting traded on Monday. Post opening the session at $10.04, the shares hit an intraday low of $9.8474 and an intraday high of $10.17 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Edge Therapeutics Inc. is a United States-based biotechnology company which focuses on developing therapies in the management of acute life-threatening neurological conditions. The Company offers Precisa a programmable biodegradable polymer-based development platform. Its product candidates include EG-1962 which completed Phase I/II clinical trial and EG-1964. Its EG-1962 is a polymer-based micro particle containing nimodipine that helps in managing patient outcomes after aneurysmal subarachnoid hemorrhage. Its EG-1964 is used as prophylactic treatment in the management of chronic subdural hematoma (cSDH) to prevent recurrent bleeding on surface of the brain. Its product candidates utilize Precisa which allows it to create therapeutics based on specific physical and chemical properties. Its Precisa enables targeted delivery to the exact site of the injury and provides a controlled drug release to the affected area. It is also developing other product candidate EG-1963.

Edge Therapeutics Inc

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TASER International (TASR) was Reiterated by Imperial Capital to “In-line” while Lowering the Price Target of the company shares to $ 25 from a previous price target of $27 . Imperial Capital advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Shares were Reiterated by Imperial Capital on Mar 3, 2017 to “In-line” and Lowered the Price Target to $ 25 from a previous price target of $27 .Shares were Reiterated by Imperial Capital on Mar 3, 2017 to “In-line” and Lowered the Price Target to $ 25 from a previous price target of $27 .

On the company’s financial health, TASER International reported $0.12 EPS for the quarter, based on the information available during the earnings call on Feb 28, 2017. Analyst had a consensus estimate of $0.12. The company had revenue of $82.10 million for the quarter, compared to analysts expectations of $71.46 million. The company’s revenue was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Several company insiders have filed Insider transactions , on Nov 18, 2016, Joshua Isner (EVP Global Sales) sold 2,914 shares at $27.76 per share price. According to the SEC, on Nov 18, 2016, Luke Larson (President) sold 8,367 shares at $27.68 per share price. On Nov 18, 2016, Daniel Marc Behrendt (Chief Financial Officer) sold 9,118 shares at $27.76 per share price, according to the Form-4 filing with the securities and exchange commission.

TASER International opened for trading at $25.67 and hit $26.23 on the upside on Monday, eventually ending the session at $26.08, with a gain of 1.78% or 0.455 points. The heightened volatility saw the trading volume jump to 10,97,630 shares. Company has a market cap of $1,364 M.

TASER International Inc. is engaged in development manufacture and sale of conducted electrical weapons (CEW) designed for use in law enforcement military corrections private security and personal defense. The Company is engaged in developing devices with technology to incapacitate dangerous combative or high-risk subjects who pose a risk to law enforcement officers innocent citizens or themselves in a manner that is generally recognized as a safer alternative to other uses of force. The Company operates through two segments: the sale of CEWs accessories and other products and services and the video business. The CEWs Products segment makes CEWs that use it Neuro Muscular Incapacitation (NMI) effects for two main types of market segments: the law enforcement military corrections and professional security markets; and the consumer market. The Video business includes the TASER Cam AXON Video products and EVIDENCE.com.

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Scientific Games Corp (SGMS) was Reiterated by Telsey Advisory Group to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 20 from a previous price target of $13 . Telsey Advisory Group advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Reiterated by Telsey Advisory Group on Mar 3, 2017 to “Market Perform”, Firm has raised the Price Target to $ 20 from a previous price target of $13 .Company shares were Reiterated by Telsey Advisory Group on Mar 3, 2017 to “Market Perform”, Firm has raised the Price Target to $ 20 from a previous price target of $13 .Scientific Games Corp was Upgraded by BofA/Merrill to ” Buy” on Jan 26, 2017. Scientific Games Corp was Downgraded by Macquarie to ” Neutral” on Dec 16, 2016.

On the company’s financial health, Scientific Games Corp reported $-1.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.53 based on the information available during the earnings call on Mar 2, 2017. Analyst had a consensus of $-0.73. The company had revenue of $752.20 million for the quarter, compared to analysts expectations of $751.30 million. The company’s revenue was up 2.1% compared to the same quarter last year.

Several company insiders have filed Insider transactions , on Dec 7, 2016, David L Kennedy (director) sold 113,470 shares at $14.85 per share price. According to the SEC, on Mar 21, 2016, Peter A Cohen (director) sold 20,900 shares at $9.94 per share price. On Nov 18, 2015, Michael Gavin Isaacs (CEO) purchased 30,000 shares at $7.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Scientific Games Corp opened for trading at $20.45 and hit $21.05 on the upside on Monday, eventually ending the session at $20.85, with a gain of 1.96% or 0.4 points. The heightened volatility saw the trading volume jump to 32,74,065 shares. Company has a market cap of $1,826 M.

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming and lottery industries. The Company operates in three segments: Gaming Lottery and Interactive. Gaming segment designs develops manufactures markets and distributes gaming machines VLTs server-based gaming machines casino-management systems hardware and software table game products video lottery central monitoring and control systems. Lottery segment manufactures and sells instant games as well as the provision of services such as game design sales and marketing support specialty games and promotions warehousing as well as instant game category management. Interactive segment offers play-for-fun social games on Facebook GooglePlay for Android devices Apple’s iOS platform Kindle platform and Microsoft Windows 8. Its brands include MONOPOLY GREASE Jackpot Party Progressive AMC-THE WALKING DEAD HARLEY-DAVIDSON and LOTERIA among others.

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Methode Electronics (MEI) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 55 from a previous price target of $50 . FBR & Co. advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Reiterated by FBR & Co. on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .Company shares were Reiterated by FBR & Co. on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .Company shares were Reiterated by FBR & Co. on Dec 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $42 .

On the company’s financial health, Methode Electronics reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Mar 2, 2017. Analyst had a consensus of $0.53. The company had revenue of $195.60 million for the quarter, compared to analysts expectations of $195.23 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Several company insiders have filed Insider transactions , on Dec 14, 2016, Joseph Elias Khoury (Vice President) sold 16,000 shares at $42.02 per share price. According to the SEC, on Dec 14, 2016, Donald W Duda (Chief Executive Officer) sold 100,000 shares at $43.14 per share price. On Dec 9, 2016, Paul G Shelton (director) sold 4,000 shares at $40.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Methode Electronics opened for trading at $42 and hit $42.55 on the upside on Monday, eventually ending the session at $42.3, with a gain of 0.24% or 0.1 points. The heightened volatility saw the trading volume jump to 3,83,651 shares. Company has a market cap of $1,554 M.

Methode Electronics Inc. (Methode) is a global manufacturer of component and subsystem devices. The Company designs manufactures and markets devices employing electrical radio remote control electronic wireless and sensing technologies. It operates through segments including Automotive Interface Power Products and Other. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. The Interface segment provides a range of copper and fiber-optic interface and interface solutions for the aerospace appliance commercial computer construction consumer material handling medical military mining networking storage and telecommunications markets. The Power Products segment manufactures braided flexible cables and current-carrying laminated bus devices among others. The Other segment includes medical devices inverters and battery systems and insulated gate bipolar transistor solutions.

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Casella Waste Systems (CWST) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 13 from a previous price target of $11 . Wedbush advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Reiterated by Wedbush on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .Company shares were Reiterated by Wedbush on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .Company shares were Downgraded by First Analysis Sec on Dec 9, 2016 to ” Equal-Weight”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

On the company’s financial health, Casella Waste Systems reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Mar 1, 2017. Analyst had a consensus of $0.01. The company had revenue of $143.80 million for the quarter, compared to analysts expectations of $139.74 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

Several company insiders have filed Insider transactions , on Dec 2, 2016, David L Schmitt (General Counsel & Senior VP) sold 1,000 shares at $12.50 per share price. According to the SEC, on Nov 25, 2016, Gregory B Peters (director) sold 2,000 shares at $12.77 per share price. On Nov 18, 2016, Edmond Coletta (Senior Vice President & CFO) sold 8,248 shares at $12.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Casella Waste Systems opened for trading at $11.71 and hit $11.9975 on the upside on Monday, eventually ending the session at $11.79, with a gain of 1.03% or 0.12 points. The heightened volatility saw the trading volume jump to 1,82,699 shares. Company has a market cap of $489 M.

Casella Waste Systems Inc. is a solid waste services company. The Company is engaged in the provision of resource management services to residential commercial municipal and industrial customers primarily in the areas of solid waste collection and disposal transfer recycling and organics services. Its operating segments include Eastern and Western engaged in providing solid waste services; Recycling consisting of the Company’s recycling operations and commodity brokerage operations and Other including organic services ancillary operations and industrial services. It provides integrated solid waste services in six states: Vermont New Hampshire New York Massachusetts Maine and Pennsylvania. As of January 30 2015 the Company owned or operated 35 solid waste collection operations 44 transfer stations 18 recycling facilities nine Subtitle D landfills four landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition materials.

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Burlington Stores Inc (BURL) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 97 from a previous price target of $91 . RBC Capital Mkts advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Upgraded by Telsey Advisory Group on Mar 3, 2017 to ” Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $91 .Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 97 from a previous price target of $91 .Company shares were Upgraded by Telsey Advisory Group on Mar 3, 2017 to ” Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $91 .Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 97 from a previous price target of $91 .Burlington Stores Inc was Upgraded by Credit Suisse to ” Outperform” on Jan 18, 2017.

On the company’s financial health, Burlington Stores Inc reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Mar 2, 2017. Analyst had a consensus of $1.71. The company had revenue of $1685.72 million for the quarter, compared to analysts expectations of $1659.97 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Several company insiders have filed Insider transactions , on Feb 3, 2017, Thomas Kingsbury (President & CEO) sold 20,000 shares at $82.76 per share price. According to the SEC, on Feb 3, 2017, Joyce Manning Magrini (Executive Vice President) sold 3,500 shares at $82.66 per share price. On Dec 14, 2016, Mike Metheny (Executive Vice President) sold 3,501 shares at $86.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Burlington Stores Inc opened for trading at $87.55 and hit $89.25 on the upside on Monday, eventually ending the session at $89.13, with a gain of 1.76% or 1.54 points. The heightened volatility saw the trading volume jump to 13,66,685 shares. Company has a market cap of $6,292 M.

Burlington Stores Inc. is a retailer of branded apparel. As of January 31 2015 the Company had 542 stores inclusive of an Internet store in 44 states of the United States and Puerto Rico. The Company’s offerings for women include dresses tops bottoms coats shoes suits and suit separates handbags intimates and sleepwear active wear sweaters swimwear and cover-ups jewelry and watches maternity beauty and fragrance and scrubs. The Company’s offerings for men include t-shirts suits and suit separates coats shoes pants button downs jeans shorts dress shirts polos hoodies and sweatshirts swim and active wear sports fan shop socks and underwear pajamas and robes grooming gadgets and gifts belts wallets and sweaters. The Company’s offerings for juniors include dresses tops bottoms shoes coats sweaters handbags sleepwear swimwear beauty and fragrance jewelry and watches.

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Marriott International Inc (MAR) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 92 from a previous price target of $90 . RBC Capital Mkts advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $90 .Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $90 .Marriott International Inc was Downgraded by SunTrust to ” Hold” on Feb 21, 2017. Company shares were Reiterated by Telsey Advisory Group on Feb 17, 2017 to “Market Perform”, Firm has raised the Price Target to $ 90 from a previous price target of $73 .Company shares were Reiterated by Stifel on Jan 10, 2017 to “Hold”, Firm has raised the Price Target to $ 78 from a previous price target of $67 .

On the company’s financial health, Marriott International Inc reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 15, 2017. Analyst had a consensus of $0.84. The company had revenue of $5456.00 million for the quarter, compared to analysts expectations of $4887.16 million. The company’s revenue was up 47.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Several company insiders have filed Insider transactions , on Feb 23, 2017, David Grissen (Group President) sold 17,125 shares at $88.11 per share price. According to the SEC, on Dec 29, 2016, Craig S. Smith (Pres. Mgn. Dir. Asia Pacific) sold 600 shares at $84.41 per share price. On Dec 19, 2016, Edward A Ryan (EVP & Gen. Counsel) sold 5,000 shares at $84.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Marriott International Inc opened for trading at $86.97 and hit $87.65 on the upside on Monday, eventually ending the session at $87.45, with a gain of 0.42% or 0.37 points. The heightened volatility saw the trading volume jump to 18,85,192 shares. Company has a market cap of $33,542 M.

Marriott International Inc. is a diversified global lodging company. The Company is an operator franchisor and licensor of hotels and timeshare properties across the world. It also operates markets and develops residential properties and provides services to home/condominium owner associations. It has three segments: North American Full-Service North American Limited-Service and International. The Company’s brands include The Ritz-Carlton BVLGARI Hotels & Resorts EDITION JW Marriott Autograph Collection Hotels Renaissance Hotels Marriott Hotels Marriott Executive Apartments Marriott Vacation Club Gaylord Hotels AC Hotels by Marriott Courtyard by Marriott Residence Inn by Marriott SpringHill Suites by Marriott Fairfield Inn & Suites TownePlace Suites by Marriott Protea Hotels and Moxy Hotels. It operates franchises or licenses approximately 4175 properties across the world with around 714765 rooms inclusive of around 41 home and condominium products.

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SCYNEXIS Inc (SCYX) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 11 from a previous price target of $15 . RBC Capital Mkts advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform” and Lowered the Price Target to $ 11 from a previous price target of $15 .Shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform” and Lowered the Price Target to $ 11 from a previous price target of $15 .

Several company insiders have filed Insider transactions , on Dec 22, 2016, Marco Taglietti (CEO) purchased 25,000 shares at $3.30 per share price. According to the SEC, on Dec 19, 2016, Gonzalez David Angulo (Chief Medical Officer) purchased 4,000 shares at $3.25 per share price. On Sep 16, 2016, Patrick Machado (director) purchased 40,000 shares at $2.94 per share price, according to the Form-4 filing with the securities and exchange commission.

SCYNEXIS Inc opened for trading at $3.42 and hit $3.4699 on the upside on Monday, eventually ending the session at $3.43, with a gain of 0.88% or 0.03 points. The heightened volatility saw the trading volume jump to 1,91,344 shares. Company has a market cap of $82 M.

SCYNEXIS Inc. is a pharmaceutical company. The Company is engaged in the discovery development and commercialization of anti-infectives. It also provides contract research and development services primarily in the field of animal health. Its lead product candidate SCY-078 is an oral and intravenous (IV) drug for the treatment of serious and life-threatening invasive fungal infections in humans. SCY-078 has been shown to be effective in vitro and in vivo in animal studies against a range of Candida and Aspergillus species including drug resistant strains. In addition the Company has additional compounds similar to SCY-078. The Company has developed a platform for cyclophilin inhibitors. Its cyclophilin inhibitor platform has two clinical stage compounds: SCY-635 which is a cyclophilin inhibitor for the treatment of dog dry eye and SCY-641 which is a cyclophilin inhibitor with activity similar to cyclosporine for the treatment of viral diseases in humans.

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Autodesk (ADSK) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 87 from a previous price target of $84 . RBC Capital Mkts advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Shares were Reiterated by Wedbush on Mar 3, 2017 to “Neutral” and Lowered the Price Target to $ 78 from a previous price target of $80 .Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Sector Perform”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .Company shares were Reiterated by Griffin Securities on Mar 3, 2017 to “Buy”, Firm has raised the Price Target to $ 99 from a previous price target of $94 .Company shares were Reiterated by UBS on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 89 from a previous price target of $71 .Company shares were Reiterated by UBS on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 89 from a previous price target of $71 .

On the company’s financial health, Autodesk reported $-0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 2, 2017. Analyst had a consensus of $-0.33. The company had revenue of $478.80 million for the quarter, compared to analysts expectations of $476.06 million. The company’s revenue was down -26.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Several company insiders have filed Insider transactions , on Jan 12, 2017, Carl Bass (Chief Executive Officer) sold 100,000 shares at $79.84 per share price. According to the SEC, on Jan 6, 2017, Jan Becker (SVP, CHRO and Corp Real Estate) sold 2,973 shares at $77.08 per share price. On Dec 28, 2016, Amarpreet Hanspal (SVP, Autodesk Product Group) sold 39,736 shares at $76.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Autodesk opened for trading at $87.47 and hit $87.9462 on the upside on Monday, eventually ending the session at $87.74, with a gain of 0.22% or 0.19 points. The heightened volatility saw the trading volume jump to 15,35,237 shares. Company has a market cap of $19,527 M.

Autodesk Inc. (Autodesk) is a design software and services company offering customers productive business solutions through technology products and services. The Company serves customers in the architecture engineering and construction; manufacturing and digital media consumer and entertainment industries. The Company operates in four segments: Architecture Engineering and Construction (AEC) Platform Solutions and Emerging Business (PSEB) Manufacturing (MFG) and Media and Entertainment (M&E). The PSEB AEC and MFG segments offer a range of services including consulting support and training. The M&E segment offers software products to creative professionals post-production facilities and broadcasters for a variety of applications including feature films television programs commercials music and corporate videos interactive game production Web design and interactive Web streaming.

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Autodesk (ADSK) was Reiterated by Griffin Securities to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 99 from a previous price target of $94 . Griffin Securities advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Shares were Reiterated by Wedbush on Mar 3, 2017 to “Neutral” and Lowered the Price Target to $ 78 from a previous price target of $80 .Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Sector Perform”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .Company shares were Reiterated by Griffin Securities on Mar 3, 2017 to “Buy”, Firm has raised the Price Target to $ 99 from a previous price target of $94 .Company shares were Reiterated by UBS on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 89 from a previous price target of $71 .Company shares were Reiterated by UBS on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 89 from a previous price target of $71 .

On the company’s financial health, Autodesk reported $-0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 2, 2017. Analyst had a consensus of $-0.33. The company had revenue of $478.80 million for the quarter, compared to analysts expectations of $476.06 million. The company’s revenue was down -26.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Several company insiders have filed Insider transactions , on Jan 12, 2017, Carl Bass (Chief Executive Officer) sold 100,000 shares at $79.84 per share price. According to the SEC, on Jan 6, 2017, Jan Becker (SVP, CHRO and Corp Real Estate) sold 2,973 shares at $77.08 per share price. On Dec 28, 2016, Amarpreet Hanspal (SVP, Autodesk Product Group) sold 39,736 shares at $76.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Autodesk opened for trading at $87.47 and hit $87.9462 on the upside on Monday, eventually ending the session at $87.74, with a gain of 0.22% or 0.19 points. The heightened volatility saw the trading volume jump to 15,35,237 shares. Company has a market cap of $19,527 M.

Autodesk Inc. (Autodesk) is a design software and services company offering customers productive business solutions through technology products and services. The Company serves customers in the architecture engineering and construction; manufacturing and digital media consumer and entertainment industries. The Company operates in four segments: Architecture Engineering and Construction (AEC) Platform Solutions and Emerging Business (PSEB) Manufacturing (MFG) and Media and Entertainment (M&E). The PSEB AEC and MFG segments offer a range of services including consulting support and training. The M&E segment offers software products to creative professionals post-production facilities and broadcasters for a variety of applications including feature films television programs commercials music and corporate videos interactive game production Web design and interactive Web streaming.

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Marvell Technology Group Ltd. (MRVL) was Reiterated by The Benchmark Company to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 17 from a previous price target of $13 . The Benchmark Company advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Reiterated by The Benchmark Company on Mar 3, 2017 to “Hold”, Firm has raised the Price Target to $ 17 from a previous price target of $13 .Company shares were Reiterated by Barclays on Mar 3, 2017 to “Equal Weight”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Company shares were Reiterated by Barclays on Mar 3, 2017 to “Equal Weight”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Company shares were Reiterated by The Benchmark Company on Mar 3, 2017 to “Hold”, Firm has raised the Price Target to $ 17 from a previous price target of $13 .Marvell Technology Group Ltd. was Upgraded by Goldman to ” Neutral” on Mar 1, 2017.

On the company’s financial health, Marvell Technology Group Ltd. reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 2, 2017. Analyst had a consensus of $0.19. The company had revenue of $571.40 million for the quarter, compared to analysts expectations of $567.68 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Several company insiders have filed Insider transactions , on Jun 25, 2015, Zining Wu (Chief Technology Officer) sold 51,312 shares at $14.51 per share price.

Marvell Technology Group Ltd. opened for trading at $16.02 and hit $16.04 on the upside on Monday, eventually ending the session at $16.02, with a gain of 0.06% or 0.01 points. The heightened volatility saw the trading volume jump to 57,07,965 shares. Company has a market cap of $8,137 M.

Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage enterprise-class Ethernet data switching Ethernet physical-layer transceivers (PHY) mobile handsets connectivity Internet-of-Things (IoT) devices and other consumer electronics. Its products serve diverse applications used in carrier metropolitan enterprise and PC-client data communications and storage systems. In addition the Company serves the consumer electronics market for the convergence of voice video and data applications. As a fabless integrated circuit company the Company relies on independent third-party contractors to perform manufacturing assembly and test functions. The Company’s offers its products to three markets: mobile and wireless storage and networking.

Marvell Technology Group Ltd.

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