Virtus Investment Partners, Inc. (VRTS Quick QuoteVRTS ) has increased its regular quarterly cash dividend. The company announced a dividend of $1.50 per share, representing an 83% hike from the prior payout. The dividend will be paid out on Nov 12 to shareholders on record as of Oct 29, 20
To paraphrase Blue Öyster Cult, “Don’t fear the taper.”
Tapering, the term used to describe the winding down of the Federal Reserve’s bond purchases, was the big topic of conversation this past week—even though we all knew that quantitative easing is living on borrowed tim
Wall Street is stunned after General Electric’s board of directors replaced John Flannery as chief executive with former Danaher CEO Lawrence Culp on Monday.
Flannery, who took the reins at GE in August 2017, was brought in to help turn around the struggling industrial conglomerate after a 16-year tenure by Jeff Immelt.
Though Wall Street first applauded Flannery’s move to embark on a deep dive into the company’s businesses and finances at the start of his term, the board eventually grew unsatisfied with the pace of his execution.
CHICAGO Michael Ferro, the former chairman of newspaper publishing chain Tronc, has agreed to sell his 25% stake in the company for $208.6 million, according to a filing made by the company with the Securities and Exchange Commission late Friday.
Ferro, who resigned last month as chairman of the company that publishes the Chicago Tribune, Baltimore Sun, New York Daily News and other newspapers, will sell his entire stake owned through his venture Merrick Media to McCormick Media, according to the filing.
The buyer is connected to the McCormick family that has owned the Tribune....More>>>
The Q4 2016 earnings report for small cap gun stock Sturm, Ruger & Company (NYSE: RGR) is scheduled for after the market closeson Wednesday (February 22nd) amidconcerns that regulatory and election uncertainty had pulled gun demand forward.
A technical chart for Sturm, Ruger & Company shows a volatile downtrend with shares actually falling off when Trumps election eased fears about gun control:
A long term performance chart shows Sturm, Ruger & Company underperforming volatile higher flying competitors or peers like small cap gun stock American Outdoor Brands Corp (NASDAQ:....More>>>
BloombergBusinessweek recently had an odd story entitled: Why Did a Chinese Peroxide Company Pay $1 Billion for a Talking Cat? Inside the strange courtship between industrial behemoths and Western video game studios. The talking cat in question is Talking Tom Cat – a childrens game developed by a Slovenian couple (Samo and Iza Login they had legally changed their surname to sound techie) where an animated cat repeats in a high-pitched helium squeak whatever is spoken into an iPhones microphone. BloombergBusinessweek noted:
Talking Tom Catwas an instant hit, launching a franchise....More>>>
This year hasn't been quite as kind to electric vehicle (EV) stocks as 2020 was. As a case in point, Tesla (TSLA) – the closest thing in this space to an established company – saw its shares rise by 743% last year. But TSLA stock is virtually flat in 2021 vs. a
It might seem silly to compare IBM (NYSE:IBM) with Coca-Cola (NYSE:KO). One is an aging tech company and the other sells sodas and other beverages. However, the two companies have similarities: They own aging core businesses, they're trying to boost their growth with acquisitions, and they're