Новости за 16.06.2016

Synaptics Inc. plans to lay off 160 employees and close some offices, according to information filed Thursday with the Securities and Exchange Commission. The company said the workforce reductions, which equal about 9% of total staffing levels, will cost $10 million to $11 million mostly in severance fees, while the consolidation of office space will cost $3 million to $4 million for lease-cancellation fees and other costs. "These programs represent cost-cutting measures to align the company's... Читать дальше...

Revlon Inc. said late Thursday it has agreed to buy Elizabeth Arden Inc. for an all-cash deal of $14 a share, a 50% premium, valuing Elizabeth Arden at about $870 million. By buying the beauty-product rival, Revlon will benefit from "greater scale, an expanded global footprint, and a significant presence across all major beauty channels," the companies said in a statement. They predicted cost savings around $140 million. Shares of Revlon were flat in late trading, while shares of Elizabeth Arden rose 49%. Читать дальше...

Earnings of large U.S. banks would be trimmed by as much as 5.6% this year and as much as 9% in 2017 if the U.K. opts to leave the European Union in a referendum to be held next week, analysts at brokerage Keefe, Bruyette & Woods said.

Wells Fargo & Co.'s stock bounced sharply off early lows Thursday, with a late push higher saving it from suffering its longest losing streak in more than 8 1/2-years. The stock turned higher in the last half hour of the regular session, closing up 0.1%, after being down as much as 1.8% early in the session. A lower close would have extended the stock's losing streak to eight sessions, which would have been the longest such stretch since the eight-session streak ending Oct. 19, 2007. The ended the loss streak at seven sessions... Читать дальше...

The possibility of the U.K. exiting the European Union, also known as the Brexit, should be the least of investors' worries, according to investing experts at a MarketWatch panel discussion in London.

Microsoft’s new deal with KIND Financial makes it one of the first major brands to play ball with marijuana.

Microsoft’s new deal with KIND Financial makes it one of the first major brands to play ball with marijuana.

Struggling network-software company Infoblox Inc. announced Thursday that it would eliminate about 12% of its workforce in a cost-cutting move. After a disappointing quarterly earnings report in May, Infoblox said it would undergo a strategic review, and the results released Thursday include a reduction of about 110 jobs and revised hiring priorities. "The actions we are announcing today will make the company leaner and more efficient, and we believe will best position Infoblox to extend our... Читать дальше...

The Big 3 major market indexes may have swung sharply higher into Thursday's close, but market internals showed that most stocks fell on the day. The number of declining stocks exceeded the number of advancing stocks by a 1,542-to-1,476 margin on the NYSE and by a 1,603-to-1,204 score on the Nasdaq, according to FactSet. Volume in declining stocks was 56% of the total market volume. Despite the negative breadth, the Dow Jones Industrial Average closed up 93 points, after being down as much as 169 points early in the session. Читать дальше...

Smith and Wesson Holding Corp. shares rose late Thursday after the gun maker reported earnings above Wall Street expectations. Smith & Wesson said it earned $35.6 million in the fiscal fourth quarter, compared with $21.9 million in the year-ago quarter. Adjusted for one-time items, Smith & Wesson earned $37.4 million, or 66 cents a share, compared with $24.9 million, or $54 cents a share, in the year-ago quarter. Net sales hit $221.1 million in the quarter, up 22% from a year ago. Analysts... Читать дальше...

Inspector general smacks mortgage giant’s ‘excessive spending’ for its new Washington, D.C. office.

Shares of Oracle Corp. gained in Thursday's extended session after the business software giant reported higher revenue from its cloud platform, although its earnings missed Wall Street's estimate. Oracle reported its fiscal fourth-quarter earnings rose to $2.81 billion, or 66 cents a share, from $2.76 billion, or 62 cents a share, a year ago. On an adjusted basis, the company would have earned 81 cents a share. Revenue slid to $10.59 billion from $10.71 billion while total cloud-related revenue increased 51% to $859 million. Читать дальше...

Sumner Redstone’s National Amusements holding company, which owns nearly 80% of Viacom’s voting rights, replaced five of the media company’s board members, including CEO Philippe Dauman.

Inspector general smacks mortgage giant’s ‘excessive spending’ for its new Washington, D.C. office.

Sen. McCain: President Obama is 'directly responsible for' massacre in Orlando

Sen. John McCain of Arizona said Thursday that President Barack Obama was “directly responsible” for the Orlando shooting since he allowed the group ISIS to go “unchecked.”

Investors continue to flock to U.S. and core European government bonds on mounting worries over Britain’s referendum on whether to remain in the European Union and concerns about global growth.

U.S. stocks closed modestly higher on Thursday, notching the first advance in six sessions. A British referendum scheduled for June 23 to decide whether or not the U.K. will remain in the European Union has been weighing on risky assets like equities for the past few weeks. On Thursday, stocks found support after both sides in the referendum debate suspended campaigning for the day after British lawmaker Jo Cox died following a shooting attack. The main indexes advanced even as oil prices dropped to a five-week low. Читать дальше...

U.S. stocks snap 5-day losing streak, with Dow gaining nearly 100 points

Moody's Investors Service downgraded Cablevision Systems Corp.'s corporate family rating by two notches Thursday, sending it further into speculative, or junk, status. The rating agency said the move reflected concerns about its high leverage and the aggressive financial policies of Altice N.V., which has recently won approval to acquire Cablevision. "Pro forma for the transaction and excluding any proposed synergies, Cablevision's leverage will be approximately 8x (debt-to-EBITDA, Moody's adjusted)... Читать дальше...

Policy makers are repeating the mistakes that prolonged the Great Depression, say Morgan Stanley economists.

Policy makers are repeating the mistakes that prolonged the Great Depression, say Morgan Stanley economists.

Pimco cuts nearly 3% of employees

Orlando victims campaign on GoFundMe has raised nearly $5 million

Pimco cuts 68 people, or 3% of its employees, and is handing management of some of its equity assets to another firm.