Look Who Is Betting on the Agency System

investors-in-litigation-financing-580x385 Look Who Is Betting on the Agency System Investing

According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting on agents and brokers.

IQV Stock Price – IQVIA Holdings Inc. Stock Quote (U.S.: NYSE)

mw_logo_social IQV Stock Price - IQVIA Holdings Inc. Stock Quote (U.S.: NYSE) Investing

Teligent stock up 12% after FDA approves generic steroid cream

Shares of Teligent, Inc. shot up 12% in premarket trade Thursday after the company announced the U.S. Food and Drug Administration had approved the company’s abbreviated new drug application for a generic 0.05% solution of clobetasol propionate ointment, a topical steroid used to treat skin irritation. The company said it plans to launch the product sometime this month and that the total addressable market for the product is approximately $70.5 million, according to data from November from IQVIA . Shares of Teligent have gained 23% in the year to date through Wednesday, while the S&P 500 has gained 5.3%.

Source link

DFRG Stock Price – Del Frisco’s Restaurant Group Inc. Stock Quote (U.S.: Nasdaq)

mw_logo_social DFRG Stock Price - Del Frisco's Restaurant Group Inc. Stock Quote (U.S.: Nasdaq) Investing

Del Frisco’s stock rockets toward biggest-ever gain after investor urges exploring a sale

Shares of Del Frisco’s Restaurant Group Inc. shot up 12.5% in morning trade Thursday, putting them on track for the biggest one-day gain since they went public in July 2012, after an activist investor urged the restaurant chain to explore a sale. Engaged Capital, a hedge fund which owns 9.99% of Del Frisco’s outstanding shares, it believes there are “numerous” parties interested in buying the company at valuations that would deliver a “significant premium” to the current share price. Engage urged the company’s board to “correct recent strategic missteps” and create shareholder value by proactively appointing shareholder representatives to the board, hiring financial advisors and forming a committee of independent board members to evaluate strategic alternatives. Despite the stock’s rally Thursday, it was still down 50% year to date, while the S&P 500 has slipped 1.5%.

Source link

Bernie Sanders says it’s time for the super rich to ‘do the morally right thing’

MW-HE010_sander_ZG_20190214161418 Bernie Sanders says it’s time for the super rich to ‘do the morally right thing’ Investing

Bernie Sanders, an Independent Senator from Vermont who was a presidential candidate in the 2016 campaign, reintroduced legislation on Wednesday that would extend and expand Social Security by raising the cap on taxes. Alongside Sanders were Democratic senators Cory Booker, Kirsten Gillibrand and Kamala Harris, all of whom announced they were running for president in 2020, as well as Oregon’s Democratic Sen. Jeff Merkley and Rep. Peter DeFazio.

Barneys aims to be the ‘Hermès’ of cannabis

MW-HE004_weed_ZG_20190214145348 Barneys aims to be the ‘Hermès’ of cannabis Investing

Barneys New York aims to light up the marijuana market with its own posh pot boutique called The High End, a head shop of sorts selling smokers’ accessories from rolling papers and leather ashtrays to bespoke glass bongs and cannabis-infused candies. The company will roll out these luxury marijuana accessories at its Beverly Hills location in March, with other locations in California to follow.

The polar vortex’s effect on your heating bills might surprise you

MW-HD931_eyelas_20190213201554_ZH The polar vortex’s effect on your heating bills might surprise you Investing

Amir Jina, a 36-year-old climate-change economist, was nervous about the upcoming heating bill for his two-bedroom Chicago apartment. It was so cold during the two-day polar vortex last month that his eyelashes froze when he ventured out to see Lake Michigan covered in ice. If the cold snap was doing that to the vast lake, what kind of havoc would it wreak on his apartment’s heating system?

Why you can be denied a mortgage, and what to do if it happens

MW-HD656_cr_den_ZG_20190208141823 Why you can be denied a mortgage, and what to do if it happens Investing

About one out of every nine loan applications to buy a new house (10.8%) and more than one in every four loan applications to refinance a home were denied in 2018, according to data from the Federal Bureau of Consumer Financial Protection. There are lots of reasons someone may be denied a mortgage.

Don’t make these mistakes with your business credit card

MW-HD578_Nerd_b_ZG_20190207174258 Don’t make these mistakes with your business credit card Investing

When you’re launching a small business, your biggest financial backers might be you, yourself and your credit card. On one hand, it’s exciting: You get to call the shots! On the other hand, a business credit card misstep could leave your startup financially strapped or increase your personal legal exposure. Before leaning on plastic, be sure to avoid these common mistakes.

MNDI Stock Price – Mondi PLC Stock Quote (U.K.: London)

mw_logo_social MNDI Stock Price - Mondi PLC Stock Quote (U.K.: London) Investing

Source link

Mondi expects 2018 earnings above 2017

mw_logo_social Mondi expects 2018 earnings above 2017 Investing

The maker of packaging and paper said it expects to report underlying earnings per share--the company's preferred metric, which strips out exceptional and other one-off items--of between 186 euro cents and 192 cents ($2.10-$2.17), a rise of between 25% and 29% compared with 2017.

SEGXF Stock Price – SEGRO PLC Stock Quote (U.S.: OTC)

mw_logo_social SEGXF Stock Price - SEGRO PLC Stock Quote (U.S.: OTC) Investing

Segro 2018 pretax profit rises 13%

Segro PLC (SGRO.LN) on Friday reported a 13% rise in pretax profit for 2018 and said that it experienced rising development completions and pre-leasing levels during the year. The U.K. real-estate investment trust said profit for the year ended Dec. 31 was 1.1 billion pounds ($1.41 billion) compared with GBP976.3 million a year earlier.

Source link

Segro 2018 pretax profit rises 13%

mw_logo_social Segro 2018 pretax profit rises 13% Investing

Segro PLC (SGRO.LN) on Friday reported a 13% rise in pretax profit for 2018 and said that it experienced rising development completions and pre-leasing levels during the year.

RBS Stock Price – Royal Bank of Scotland Group PLC ADR Stock Quote (U.S.: NYSE)

mw_logo_social RBS Stock Price - Royal Bank of Scotland Group PLC ADR Stock Quote (U.S.: NYSE) Investing

Royal Bank of Scotland Group Plc engages in the provision of international banking and financial services. It operates through the following segments: Personal and Business Banking, Commercial and Private Banking, RBS International (RBSI), NatWest Markets, and Central Items and Other. The Personal and Business Banking segment consists of the United Kingdom Personal, Business Banking, and Ulster Bank RoI sub-segments.The Commercial and Private Banking segment covers the Commercial Banking, Private Banking, and RBS International Commercial Banking sub-segments, involved in serving retail, commercial, corporate, and financial institution customers. The RBSI serves retail, commercial, corporate and financial institution customers in Jersey, Guernsey, Isle of Man and Gibraltar and financial institution customers in Luxembourg and London. The NatWest Markets offers corporate and institutional customers global market access, providing them with trading, risk management, and financing solutions. The Central Items and Other segment includes corporate functions, such as RBS treasury, finance, risk management, compliance, legal, communications, and human resources. The company was founded on March 25, 1968 and is headquartered in Edinburgh, the United Kingdom. (See Full Profile)

Source link

AZSEY Stock Price – Allianz SE ADR Stock Quote (U.S.: OTC)

mw_logo_social AZSEY Stock Price - Allianz SE ADR Stock Quote (U.S.: OTC) Investing

Allianz net profit jumps, helped by lower taxes

Allianz SE’s (ALV.XE) fourth-quarter net profit rose significantly, boosted by higher operating profit and lower income taxes. Fourth-quarter net profit was 1.70 billion euros ($1.92 billion) compared with EUR1.43 billion a year earlier, the company said Friday. Revenue rose to EUR32.7 billion from EUR31.7 billion, as revenue grew in its property and casualty segment and its life and health business.

Source link

ALIZF Stock Price – Allianz SE Stock Quote (U.S.: OTC)

mw_logo_social ALIZF Stock Price - Allianz SE Stock Quote (U.S.: OTC) Investing

Allianz net profit jumps, helped by lower taxes

Allianz SE’s (ALV.XE) fourth-quarter net profit rose significantly, boosted by higher operating profit and lower income taxes. Fourth-quarter net profit was 1.70 billion euros ($1.92 billion) compared with EUR1.43 billion a year earlier, the company said Friday. Revenue rose to EUR32.7 billion from EUR31.7 billion, as revenue grew in its property and casualty segment and its life and health business.

Source link

Canopy Growth revenue beats expectations, rises 283% as it reports earnings

mw_logo_social Canopy Growth revenue beats expectations, rises 283% as it reports earnings Investing

Canopy Growth Corp. CGC, +0.15% WEED, +0.29% reported that it beat revenue expectations well after the end of the extended session late Thursday. The company reported fiscal third-quarter net losses of C$121 million, or losses of $C0.38 a share, compared with net income of C$11 million, or C$0.01 a share, in the year-ago period. Canopy's fiscal third-quarter losses included a mark-market adjustment of convertible senior notes of C$187.5 million, among other items. Without the adjustment, Canopy logged net income attributable to common stockholders of C$67.6 million. Revenue rose to C$83.1 million from C$9.8 million in the year-ago period. Canopy sold 10,102 kilograms of pot and equivalents during the fiscal third-quarter. Analysts surveyed by FactSet had estimated losses of C$0.11 a share on revenue of C$81.1 million, excluding excise taxes; Canopy was expected by analysts to sell 12,782 kilograms of pot with an average price per gram of C$6.58. A company spokeswoman told MarketWatch it released results late into Thursday evening because it wanted to minimize amount of time and the number of news stories prior to the earnings call Friday morning at 8:30 a.m. Eastern time. For the fiscal fourth quarter, analysts model adjusted losses of C$0.19 a share on revenue of C$118.3 million. Canopy shares closed up 0.2% in the regular session to $46.12. Canopy stock has more than doubled in the past year, with the S&P 500 index SPX, -0.27% rising 2% and the ETFMG Alternative Harvest ETF MJ, +0.03% gaining 5%.

This airline sued a passenger for skipping his flight — why we should all take note

MW-HD905_flight_ZG_20190213145151 This airline sued a passenger for skipping his flight — why we should all take note Investing

Airline Lufthansa recently sued a passenger who allegedly skipped a leg of his flight, claiming the person violated their terms and conditions and demanding roughly $2,400 in compensation. The apparent issue at hand was something called “hidden city” ticketing, a controversial practice that can help consumers save money on flights but that airlines dislike because it’s costly to them.

CMA Stock Price – Comerica Inc. Stock Quote (U.S.: NYSE)

mw_logo_social CMA Stock Price - Comerica Inc. Stock Quote (U.S.: NYSE) Investing

Comerica raises dividend by 12%

Comerica Inc. said late Tuesday its board of directors has approved a 12% increase in the company’s dividend to 67 cents a share. The dividend is payable April 1 to shareholders of record at the close of business on March 15. The increase “reflects our solid capital position and strong earnings performance as well as our future growth potential,” Chief Executive Ralph W. Babb Jr. said in a statement. The board also approved a stock buyback of up to 15 million shares, in addition to the 4.7 million shares remaining as of December 31 under prior authorizations. Shares of Comerica were flat in the extended session after ending the regular trading day down 1.3%.

Source link