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  • Jennifer J 11:45 on February 5, 2016 Permalink | Reply  

    Hedgefund News Wrap: Week Ending 02/05/16 

    LINKEDIN FALLS 35% 

    (Fox Business) – The “social media for professionals” plunged 35% to a three-year low of $124.51 in early trading this morning. LinkedIn released news that revenue for the first quarter of 2016 would be about $820 million, shy of the $867 million that analysts were forecasting.   linkedin

    The drop eliminated $9 billion of LinkedIn’s value, shocking Wall Street as it fell far short of expectations. But it’s not all bad news, as LinkedIn’s largest amount of revenue is its “talent-solutions business,” which mainly serves corporate recruiters. Revenue in that unit rose 45% from the same period a year earlier to $535 million.

    With 414 millions users, the platform is still growing, proven by revenue jumping more that 34% to $3 billion and adjusted profit for the year rose 31% to $2.84 a year. Time will tell if competitors continue to steal pieces of the pie.

    Read the entire article at Fox Business
    More coverage: USA Today and Forbes

    YAHOO IS CHOPPING 1,700 JOBS

    (Financial Times) – Yahoo can’t get it together and now about 15% of its workforce will be jobless. Digital magazines, Yahoo Games and other properties are getting the chop as well as offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan, Italy.

    Yahoo’s Infamous CEO, Marissa Mayer stated that she wants to turnaround Yahoo’s turnaround.. what? Essentially she is implementing a backup plan for the already in-place backup plan, hoping to create better results. “Yahoo cannot win the hearts and minds of users and advertisers with a complicated portfolio of products and assets, especially if some no longer meet our aggressive growth goals or distract from growth products,” Mayer said in a call with analysts.

    Now the question resonates, will Yahoo sell, repair itself or continue tumble until it runs itself into the ground.

    Read the entire article at Financial Times
    More coverage: Los Angeles Times and Reuters

     

    MATTEL & HASBRO MAY CREATE TOY GIANT

    (Fortune) – Word on the street is that Barbie, Transformers, Fisher-Price and Nerf might become one big happy family. The two largest American toy companies, Mattel and Hasbro, are reportedly talking about a possible deal to combine the two.

    mattel hasbro

    Currently Mattel is worth $11.3 billion, while rivaling Hasbro is worth $9.5 billion. But this isn’t how the toy industry has always been, in the past Mattel was always king, but Hasbro has been closing the gap recently. Speaking of history, Mattel previously attempted to acquire Hasbro in the 1990’s, but the deal never came together.

    If the deal closes, Lego will be the only major global competitor for the two and be in a distance second place. We will see if the original creator of Monopoly can create one for itself.

    Read the entire article at Fortune
    More coverage: Bloomberg

     
  • Jennifer J 11:46 on February 1, 2016 Permalink | Reply  

    TradingScreen’s Morning Roundup 

    us oilKEY REGULATORY DEVELOPMENTS:

    LITIGATION:

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 15:25 on January 29, 2016 Permalink | Reply  

    Hedgefund News Wrap: Week Ending 01/29/16 

    AMAZON TUMBLES

    (Fox Business) – The world’s largest online retailer has displayed not-so-juicy fourth-quarter revenue results and people are not happy. In early trading hours Thursday about $24 billion or so had been added to the company’s market value and by the end of the day poof! It had vanished.

    Responsibility for the decline falls on the company’s total operating expenses surging more than 20 percent to $34.64 billion in the fourth quarter. Factors like adding more services for Prime membership holders, such as one-hour delivery and TV programming, are included in those operating expenses. An analyst with RBC Capital Markets, Mark Mahaney, mentioned that the last three quarters Amazon has exceeding Wall Street’s expectations, but they no have a sour taste in their mouth after yesterday’s performance.

    But of course, not all is lost as net sales rose 21.8 percent $35.75 billion, but missed analysts’ expectations of $35.93 billion. Furthermore, Amazon’s net sales in North America increased 24 percent to $21.5 billion.

    Mad about your losses? Jeff Bezos, Amazon Founder and CEO, lost more than $6B yesterday, so cheer up.

    Read the entire article at Fox Business
    More coverage: The New York Times and MarketWatch

    XEROX SPLITTING IT TWO 

    (USA Today) – Xerox has officially announced it will become two publicly traded entities, an $11 billion document technology company based around namesake copier and scanner hardware and a $7 billion provider of services to government and industries such as health care and transportation.

    xerox'Following the announcement, shares were up more than 5 percent Friday to $9.74. But, the last year hasn’t been too friendly to Xerox as shares have fallen about 30 percent, but hopefully the split can catapult them back into the green. Piggy backing the split is a three-year restructuring program concentrated on saving $2.4 billion.

    These “significant actions … define the next chapter of our company,” said Chairman and CEO Ursula Burns in a conference call Friday morning from Xerox’s headquarters in Norwalk, Conn.

    Does this story sound familiar? It is, as Hewlett Packard also split into two companies in November 2015. It looks like it’s a hard time for the printer business.

    Read the entire article at USA Today
    More coverage: Bloomberg

    TAXI CHEAPER THAN AN UBER? FALSE. 

    (CNN Money) – Your internal battle of choosing between hauling a cab or spending the extra cash for an Uber are over. Rates for UberX have dropped by 15 percent in New York City today, making it cheaper to ride than a taxi.

    An Uber representative stated that the cut is based on seasonality, apparently ride requests drop in the winter months. But do not fear, this is not a a promotional stunt or marketing scheme, it was implemented along with some other changes. Now drivers have a new hourly guarantee, $30 to $40 an hour, depending on the time of the day.

    But wait wait wait, surge pricing? Yeah, it’s still very much there.

    Read the entire article at CNN Money
    More coverage: Time Money

     
  • Jennifer J 12:19 on January 25, 2016 Permalink | Reply  

    TradingScreen’s Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

    johnson controls

    LITIGATION:

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 12:23 on January 22, 2016 Permalink | Reply  

    TradingScreen News Wrap: Week Ending 01/22/2016 

    ONE WORD: DAVOS

    (World Economic Forum) – While the northeast United States empties the bread and water shelves at super markets in preparation for a snow storm, world leaders are meeting at the one and only, Davos. The annual World Economic Forum is well underway in Davos-Klosters, Switzerland and news on ‘who said what’ is buzzing around.

    wec

    Topics ranging from the future of jobs, to the transformation of energy and even cyber-crime are being dissected by some of the greatest minds. They have stated that robots and artificial intelligence will wipe out 5.1 million jobs by 2020, that is both terrifying and astonishing news.

    If you have an extra $71,000 to spare, the cost of an annual membership and a standard ticket, you too can be discussing crushing topics with Jack Ma, Emma Watson, Kevin Spacey and John Kerry, amongst others luminaries.

    Read the entire article at World Economic Forum
    More coverage: Tech Crunch and Huffington Post Tech

    OIL BEATING UP GE’S INDUSTRIAL PROFITS 

    (CNBC) – General Electric Co., GE, recently reported that industrial profits fell 8 percent in the fourth quarter due to the oil and gas industries. Although, the conglomerate had an earnings growth of $0.52 and revenue of $33.89B for the fourth quarter.

    So what’s to blame for the drop? Industrial segment, operating profit fell 7.8 percent to $5.5B, with more declines across most of its divisions, aside from aviation and transportation. On the flip side, total profit jumped 22 percent to $6.28B from $5.15B.

    Things are definitely shifting at GE, including removing headquarters from New York/Connecticut and transplanting to Boston in order to avoid increased taxes. Furthermore, they have also said they will cut up to 6,500 jobs in Europe, including 765 in France and 1,300 in Switzerland.

    Read the entire article at CNBC
    More coverage: Seeking Alpha and 24/7 Wall Street

    AMERICAN EXPRESS GOING DOWN, DOWN, DOWN

    (Bloomberg Business) – American Express is in hot water as it fell the most in almost seven years after fourth-quarter profit declined 38 percent. Want some ice for that burn? Well, the CEO states that $1B in costs would be cut by the end of 2017 in an attempt to get back in the green.

    This year the shares have slid 19 percent, after falling 25 percent in 2015. For the quarter, they reported profit of $899M, 89 cents a share, down from $1.45BB, or $1.39 a share, a year earlier. The company said that earnings were hurt by the strengthening U.S. dollar, pressure on merchant fees and competition.

    “Let me acknowledge that the performance we’re discussing today is not what we or you or I are accustomed to seeing from American Express,” CEO Ken Chenault , said on a conference call. “We recognize that we are operating in a new reality.”

    Read the entire article at Bloomberg Business
    More coverage: Business Insider and The Wall Street Journal

     
  • Jennifer J 10:52 on January 19, 2016 Permalink | Reply  

    TradingScreen’s Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:johnson & johnson

     

    LITIGATION:univision-theonion

     

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 11:44 on January 15, 2016 Permalink | Reply  

    Hedgefund News Wrap: Week Ending 01/15/2016 

    FIAT CHRYSLER ACCUSED OF INFLATING SALES, SHARES DEFLATING 

    (The Wall Street Journal) – Fiat Chrysler Automobiles, the fastest-growing major auto maker, fell by nearly 10 percent in Milan on Thursday after two lawsuits were filed. Two dealerships filed lawsuits accusing the car giant of inflating U.S. sales, as if the automobile industry wasn’t already knee-deep in trouble.

    Napleton Automotive Group, operating Chrysler Dodge Jeep Ram dealerships in Illinois and Florida, accused Fiat Chrysler of financially rewarding dealers who falsified their vehicles sales reports in an effort to stick with its volume growth program. Here comes the kicker, Mr. Napleton stated that he was offered $20,000 to falsely report sales of 40 vehicles and rejected the offer, in which he believes the company moved onto other dealers until enough of them agreed.

    fiat chrysler law suit.JPG

    Fiat Chrysler said it had not yet received a copy of the suit but “believes the claim is without merit.” It also said it “is confident in the integrity of its business processes and dealer arrangements and intends to defend this action vigorously.”

    Once the truth is revealed, Fiat Chrysler will either be placed into the penalty box with Volkswagen, or their innocence may entice more customers to trust them, time will tell.

    Read the entire article at The Wall Street Journal 
    More coverage: Fox Business and Investor’s Business Daily

    WAL-MART TO CLOSE 296 STORES 

    (CNBC) – It looks like Amazon and other retail sluggers are taking their toll on giants like Walmart, as they are set to close 154 stores in the U.S. and 115 spread over Latin America, mostly in Brazil.

    With over 16,000 employees feeling the burn, Wally World said they plan to relocate some employees to nearby locations. Conveniently, more than 95 percent of the stores set to be shut down in the U.S. are within 10 miles of another location, so relocation for workers and accessibility its customers should not be a major issue.

    But Wal-Mart is not down for the count, as 2016 is year of expansion: 50-60 supercenters, 85-95 Neighborhood Markets and 7-10 Sam’s Clubs in the U.S., along with 200-240 stores outside of the U.S., are set to open according to plan.

    Read the entire article at CNBC
    More coverage: Fox News and Chicago Tribune

    DRIVERLESS CARS MAY GET $4 BILLION BOOST FROM THE GOVERNMENT

    (Los Angeles Times) – The U.S. government is silently chanting “vroom vroom” as it proposed spending $4 Billion on self-driving cars.

    The proposal aims to have federal regulators work with auto makers and others to craft policies and rules for vehicles that can operate without a driver at the wheel, but of course it requires congressional approval. The government hopes that the technologies can improve vehicle safety and reduce road fatalities, along with reducing population and more-efficient transportation.

    The monster budget, which plans to fuel the project for 10 years, was announced at the North American International Auto Shows by Transportation Secretary Anthony Foxx. Foxx stressed that human error can be curbed with new technologies and he estimated that as many as 25,000 deaths could have been avoided last year if driverless technology had been widespread.

    Read the entire article at Los Angeles Times
    More coverage: The New York Times and The Wall Street Journal

     
  • Jennifer J 10:36 on January 14, 2016 Permalink | Reply  

    TradingScreen Milan Buy Side Trading Forum 

    Milan Buy Side Trading Forum

    Thursday, 25th of February 2016
    15:30 – 21:00
    Sheraton Diana Majestic
    Black Label Room
    Viale Piave, 42 - Milano 20129
    
    R.S.V.P., questions or comments can be directed to:
    Manuela Morales
    Phone: +33 01 53 32 29 50
    E-mail: manuela.morales@tradingscreen.com

     

    Milan

    PROGRAM (tentative): 
    15:30 – Registration
    15:45 – Welcome Speech – TradingScreen
    16:00 – “Electronic Bonds Trading Platforms: The Impossible Trinity of Liquidity”
    Frederic Ponzo, CEO – GreySpark
    16:30 – “Scenario 2016: Mercato Obbligazionario Corporate in Italia”
    Maria Grazia Antola, Head of Credit Research – Intesa Sanpaolo
    17:00 – “Asia Corporate Bond Market Overview”
    Steve Edge, CEO and Founder – AsiaTrading
    17:30 – “MIFID II Timings and How Changes Will Impact Corporate Bond Trading”
     Giovanni Siciliano, Head of Research – CONSOB
    18:00 – “Corporate Bonds Market Illiquidity and Divestment Processes”
    Celestino Amore, CEO and Founder – IlliquidX LLP
    18:30 – “TradeCross Platform Overview”
    Alexandre Carteau, Sales Manager – TradingScreen
    18:45 – 21:00 – Cocktail and Networking
     
  • Jennifer J 11:38 on January 11, 2016 Permalink | Reply  

    TradingScreen’s Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

    LITIGATION:

    apple music
    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 10:39 on January 8, 2016 Permalink | Reply  

    TradingScreen Shortlisted For 19 WSL Institutional Trading Awards 

    TradingScreen has been shortlisted for 19 Wall Street Letter Institutional Trading 2016 awards! 

    WSL Institutional Trading 2016 shortlisted

    TradingScreen is elated to be recognized for its accomplishments. Thank you to our customers and partners for their continued support and patronage.

    If you would like to read more about the awards, please click here.

     
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