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Showing posts with label 2017 at 12:52AM. Show all posts
Showing posts with label 2017 at 12:52AM. Show all posts
Tuesday, June 13, 2017
Supreme Court Casts Doubts on a Potent SEC Weapon – New York Times
New York Times |
Supreme Court Casts Doubts on a Potent SEC Weapon
New York Times The Securities and Exchange Commission routinely seeks an order in an enforcement action to require a defendant to repay any ill-gotten gains, a remedy called disgorgement. The notion is that a thief should not be able to keep what was stolen, but … United States: Supreme Court Decision On Statute Of Limitations Governing SEC’s Recovery Of Disgorgement Also …Mondaq News Alerts (registration) Bridging the Week: June 5-9, June 12, 2017 (SEC Disgorgement Actions Are Not Forever; Keep Suspicions in SARs …The National Law Review |
June 13, 2017 at 12:48AM
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This household squeeze is just one of Britain’s economic challenges
June 13, 2017 at 12:50AM
from Szu Ping Chan
Sunday, June 11, 2017
Friday, June 2, 2017
Retailers have eliminated 55,910 jobs so far this year — here’s the full list
June 02, 2017 at 12:49AM
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Ex-Dallas County Investigator Gets Probation in Bribery Case – NBC 5 Dallas-Fort Worth (blog)
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Ex-Dallas County Investigator Gets Probation in Bribery Case
NBC 5 Dallas-Fort Worth (blog) An ex-chief investigator for the Dallas County District Attorney’s Office must serve three years of federal probation for accepting a $200,000 bribe to get charges dropped against a suspect. Anthony L. Robinson of Mesquite was sentenced Wednesday in … |
June 02, 2017 at 12:44AM
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Sunday, May 28, 2017
The sport of the future is e-sports, according to Dodgers and Warriors co-owner Peter Guber
May 28, 2017 at 12:52AM
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The cofounder of the company that helped bring the world BroBible wants to help millennials get rich
Watch your back Cheddar.
Scott Grimes cofounded the entertainment-focused digital media company Woven (now Uproxx), which brought the world the edgy young male-aimed site BroBible. Now he wants to help young people better manage their wallets with a new web video venture.
Stackin aspires to become a go-to outlet for millennials looking for help with personal finance. The media property quietly rolled out a series of short videos on Facebook and Instagram last month, along the lines of “WTF is Compound Interest?”
Unlike the live business-news-focused Cheddar, which just received a round of funding and is now valued at $85 million, Stackin is focused on a blend of service content and entertainment, like “Overdraft fees are whack.”
Grimes, who is still executive chairman at Uproxx, said he was inspired to launch Stackin after managing so many young people. “I was always blown away by their basic basic lack of fundamental knowledge about finance,” he said. “These were educated people. It was amazing. On things like student loan debt, they didn’t know where to begin.”
So he and partner Kyle Arbaugh, who previously ran revenue and strategy at Uproxx, saw an opening. Cheddar founder Jon Steinberg might tend to agree.
During a recent keynote interview at the Luma Digital Marketing Conference in New York ,Steinberg argued that unlike content categories like food and news, business is a less crowded digital media category. “All the financial brands wrote off millennials,” he said. “There is nowhere for all these companies to reach a young audience.”
That’s the plan for Stackin, which recently brought on Lisa Frame, formerly head of social for the web video brand Tastemade, to oversee the new venture’s content.
Stackin has raised funding “in the millions,” said a person familiar with the matter. Its investors include Howard Lindzon of Social Leverage, who is cofounder or StockTwits, MuleSoft CEO Ross Mason, and Full Tilt Ventures.
Business-wise, the plan is to sell sponsorships to brands, and also ink affiliate deals with financial services products.
While short form Facebook video will be Stackin’s early content focus, later this year the plan is to roll out longer series and eventually sell content to over-the-top services along the lines of Comcast’s Watchable and SlingTV.
“The ultimate goal is to be inspiring, and maybe make it cool to invest,” said Grimes.
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NOW WATCH: This is what Bernie Madoff’s life is like in prison
May 28, 2017 at 12:48AM
from Mike Shields
Saturday, May 27, 2017
Sears is in ‘free-fall’ and its rate of decline is ‘very concerning’ (SHLD)
Sears’ shares enjoyed a strong surge this week, soaring as much as 20% on Thursday after the company reported its first net profit in two years.
But traders’ cheer quickly wore off and shares dipped again, as the grim reality behind the initially rosy headlines set in: Sears’ operational decline is in fact accelerating, and its odds of survival beyond 2017 remain uncertain, according to Evercore ISI analyst Greg Melich.
A closer look at Sears’ earnings show that the company’s sale of its Craftsman brand in March is responsible for its net income of $244 million in the first quarter. Excluding the sale, and Sears’ losses deepened to $230 million from $199 million the prior year.
“Operating losses… show no sign of improvement” and “sales remain in a state of free-fall decline,” Melich wrote in a research note.
Sears’ sales overall tumbled more than 20% to $4.3 billion in the first quarter, which the company blamed on store closures and declining sales at its stores open at least a year. Same-store sales plunged 12.4% at Sears stores and 11.2% at Kmart stores.
Assuming those sales occur and Sears can achieves success with its cost-cutting plan, “it should have sufficient liquidity to make it through holiday, although the cash burn and rate of sales decline are very concerning,” Melich wrote.
But the company is still a very sick patient with little evidence of any sustainable forms of cash flow going forward, according to his note.
“Improving the cash burn rate is imperative as the company shrinks, and Sears remain very far from sustainable levels of loss that does not require external liquidity,” Melich wrote. “Given the very weak store base, continued comp declines, anemic sales productivity, and continued share loss in most major categories, Sears does not appear well positioned for the rest of 2017.”
Moody’s vice president and senior analyst Christina Boni last month delivered a similar assessment on Sears’ survival, saying the real estate sales will help the company survive a little longer, but at the same time diminishes the company’s lifeline as it struggles turn business around.
“Sears’ financial performance remains extremely weak,” Boni said. “Its effort to sell real estate which has produced over $700 million of bids currently will enhance liquidity, but accelerates the timeline required to stem operating losses as it asset base diminishes.”
Sears CEO Eddie Lampert addressed bankruptcy concerns recently and said the company has “as much time as our vendors and our lenders and our shareholders are willing to give us.”
“The reality needs to be better than it is for us to really demonstrate to people that the transition is starting to take hold,” he said in an interview with the Chicago Tribune.
SEE ALSO: This is what Sears stores could look like in the future
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NOW WATCH: 7 colors that might get you sued
May 27, 2017 at 12:46AM
from Hayley Peterson
Friday, May 26, 2017
US crude settles at $48.90, tumbling nearly 5% on disappointment in OPEC’s production policy
May 26, 2017 at 12:51AM
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Monday, May 22, 2017
Gasparino: Lieberman works for Trump’s outside law firm
May 22, 2017 at 12:52AM
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Saturday, May 13, 2017
Christian Cooper has been appointed Vice President of Information Technology at Dream Hotel Group in New York … – Hospitality Net
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Christian Cooper has been appointed Vice President of Information Technology at Dream Hotel Group in New York …
Hospitality Net Renowned hotel brand and management company dream Hotel Group appoints Christian Cooper as Vice President of Information Technology. In this role, Cooper will lead the innovation and implementation of several large-scale IT initiatives to support the … |
May 13, 2017 at 12:49AM
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Business Transformation and the Circular Economy: DUPONT
Circular economy initiatives at DuPont
May 13, 2017 at 12:44AM
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Tuesday, May 9, 2017
Watching This ‘SNL’ ‘Handmaid’s Tale’ Skit Is Kind Of A Bummer
Things got real during this weekend’s episode of “Saturday Night Live,” thanks to one “Handmaid’s Tale-”themed sketch.
In the skit, four women of the Republic of Gilead gather to discuss how they can resist the extremely oppressive regime controlling their lives and bodies. Then, they run into a couple of oblivious men, er, bros (Chris Pine and Mikey Day), whom they apparently used to be friends with.
The men, who clearly care more about their parties than the well-being of their former friends, can’t seem to wrap their heads around why the “girl squad” hasn’t been around as much.
After the women inform the guys that the government took their money, jobs and children, they just stand there, confused as to why the women don’t just leave their unfortunate situations behind.
“You guys should, like, fight back,” Day’s character suggests, as if it were no big deal.
In today’s political climate, it’s hard to turn Margaret Atwood’s dystopian fiction into a joke. This sketch presents a classic example of how those who are unaffected by oppressive laws and societal standards don’t always pay as much attention to those who are affected.
— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
May 09, 2017 at 12:50AM
from Julia Brucculieri
Monday, May 8, 2017
Markets breathe ‘sigh of relief’ on back of Macron victory
May 08, 2017 at 12:47AM
from Bradley Gerrard
Sunday, May 7, 2017
A Craft Distiller Embraces The Tension Between Uniqueness And Scale
http://ift.tt/eA8V8J
As craft distillers and immigrants, Litty Mathew and her husband have built the largest organic spirits company in the world while maintaining a point of view.
May 06, 2017 at 11:02PM
from Krisztina ‘Z’ Holly, Women@Forbes
Saturday, May 6, 2017
What to expect from your bond portfolio as the yield curve flattens and the Fed unwinds its balance sheet
Bill Irving is a portfolio manager at Fidelity Investments, where he co-manages about $40 billion of the government and mortgage bond portfolios spread across many Fidelity bond funds. Irving stopped by to talk to Business Insider CEO and global editor-in-chief Henry Blodget.
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May 06, 2017 at 12:48AM
from Betsy Louda
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