Time Inc., the New York-based publishing company with over 90 magazines in its stable, has announced the acquisition of a lifestyle, pop culture and beauty website called Hello Giggles. Though the terms of the deal weren’t publicly disclosed, the WSJ reports that one source puts the deal in the $20 million range. … [Read more...]
Walmart’s Bad News Could Be Good News for Holiday Shoppers
What is bad news for Walmart investors may be good news for Walmart shoppers this Christmas. The giant retailer's disappointing sales outlook may actually contribute to deeper holiday discounts. … [Read more...]
8% of Twitter’s Workforce Getting Laid Off
Twitter said Tuesday it would jettison up to 336 people — roughly 8% of its workforce — as part of a restructuring CEO Jack Dorsey says will place the social media company "on a stronger path to grow." … [Read more...]
More Pressure on iPhone Sales With Apple’s Slowing Mac Line
If you're following Apple (NASDAQ:AAPL) as an investment, you must know the company's iPhone has been on a tear and has added nearly $147 billion to the company's top line in the last four quarters alone, up more than 50% over the prior four quarters. … [Read more...]
Global Stocks Fall After Week of Gains
U.S. equity markets looked to kick off the week on a flat note as traders parsed the latest round of Fed speak, deal news, and geared up for third-quarter bank earnings season. As of 9:10 a.m. ET, Dow Jones Industrial Average futures were 5 points lower, or 0.03% to 16906. S&P 500 futures shed 1 point, or 0.09% to 2006, while Nasdaq 100 futures gained 8 points, or 0.19% to … [Read more...]
Planet Fitness to Announce Earnings of $0.09 Per Share?
Analysts expect Planet Fitness (NASDAQ:PLNT) to post $0.09 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Planet Fitness’ earnings. The highest EPS estimate is $0.10 and the lowest is $0.09. The company is expected to announce its next quarterly earnings results on Wednesday, December 2nd. … [Read more...]
ABC Family Will Soon Be Rebranded to Freeform
As far as name changes go, Freeform tested by far the best. The change is being timed to coincide with the return of a few of the channel’s biggest hits, including Pretty Little Liars and The Fosters. “Rebrands have been a mixed bag. Millennials started getting older”, he said. … [Read more...]
Energy Companies Lead US Stock Climb in Early Trading
U.S. stocks are opening higher, led by another advance in energy companies as crude oil prices continue to recover. Chevron jumped 2 percent early Wednesday, the biggest gain in the Dow Jones industrial average. … [Read more...]