Bass Pro Shop merger deal facing new regulatory hurdles, Cabela's says
Posted: Saturday, December 31, 2016 12:00 am Bass Pro Shop merger deal facing new regulatory hurdles, Cabela’s says By Wire Reports TulsaWorld.com | 0 comments Cabela’s says Bass Pro Shops’ $4.5 billion deal to buy the Nebraska-based outfitter faces some new hurdles. Cabela’s said in a securities filing Thursday that the Federal Trade Commission wants more information about the merger. Cabe..>> view original2017 could be another good year for Wall Street's bull
The final trading week of the year was the worst week for the Dow and S&P 500 since Nov. 4, the week before the election. For the first time since then, the Dow, Nasdaq and S&P 500 all lost ground for three consecutive sessions. The Dow flirted with 20,000 early in the four-day week but was down 0.8 percent to close at 19,770 Friday. The S&P 500 lost 1.1 percent to 2,239, and the Nasdaq was off 1.5 percent for the week at 5,383. As stocks sold off, buyers went into bonds and the 10-year yi..>> view originalFor investors seeking safe harbor in 2017, how about oil?
With Donald Trump set to enter the White House in January and populists on the march across Europe, political risk will loom large in 2017. Cautious investors may find stability in an unfamiliar place: the oil market. A deal between the Organization of Petroleum Exporting Countries and other producers to limit output next year won’t simply siphon off some of the global glut of crude: if participating nations make the cuts they’ve promised, the effort will also add to a buffer of unused capacity..>> view originalSoftBank Hopes Trump Connection Reopens Doors for Sprint
The last time Sprint Corp. Chairman Masayoshi Son wanted something from U.S. telecom regulators, it didn’t go so well. Now, with power changing in Washington, the Japanese mogul sees a new opportunity. Mr. Son, sometimes called the Bill Gates of Japan, got a frosty reception from regulators in 2014 when he sought to merge Sprint with rival T-Mobile US Inc., leading him to abandon a deal that was key to his decision to buy Sprint a...>> view originalStocks End Down, But Up For 2016; Apple, Microsoft Drag On Dow, Nasdaq
The stock market wrapped up 2016 with a whimper Friday, as the key indexes posted moderate losses. But for the year, they ended with decent gains after a post-election rally. The Nasdaq fell 0.9%, the S&P 500 0.5% and the Dow Jones industrial average 0.3%. Volume was slightly higher on both the NYSE and Nasdaq, according to preliminary data, likely due to "window dressing" by fund managers as they adjust their portfolios. The Dow, up 13% for the year, closed well below 19,800 after recently fli..>> view originalU.S. Ethics Chief Ordered Gushing Responses To Trump's Tweets
Newly obtained records reveal that the head of the U.S. Office of Government Ethics personally ordered several oddly enthusiastic tweets after President-elect Donald Trump’s recent claim that he planned to sever ties to his business operations to avoid conflicts of interest as president. “We told your counsel that we’d sing your praises if you divested and we meant it!” read one of the gushing tweets issued by the department. Another read: “Brilliant! Divestiture is good for you, good for Amer..>> view originalTwitter Seeks a Little Help From Its Users
Twitter Inc., in the midst of an identity crisis, has turned outward to its millions of users for ideas. Over more than six hours Thursday, Chief Executive Jack Dorsey tweeted with users about what they hope to see from the social-media service, opening the discussion with, “What’s the most important thing you want to see Twitter improve or create in 2017?” He was rewarded with thousands of tweets in reply. Mr. Dorsey...>> view originalWhen unpaid student debt leads to a smaller Social Security check
× When unpaid student debt leads to a smaller Social Security check There are more people over the age of 65 with student loan debt than ever before, according to a new report from the Government Accountability Office. And those who are in default may have faced decades of reduced wages and benefits. In 2015, the government reduced Social Security checks for a total of 173,000 Americans, up 380 percent from 36,000 in 2002. That includes younger people receiving Social Security disability pay..>> view originalChina State Broadcaster Rebrands in International Push
State broadcaster Central China Television has rebranded its international networks and digital presence under the name China Global Television Network as part of a push to consolidate its worldwide reach. CCTV on Friday unveiled several new mobile apps under the CGTN brand, and visitors to CCTV's non-Chinese language websites are directed to a new http://www.cgtn.com site. The broadcaster says it made the move to "integrate resources and to adapt to the trend of media convergence," with for..>> view originalEvidence of Russian malware found on US electrical company laptop
A utilities company in Vermont has detected evidence of Russian malware, according to a report this evening from The Washington Post, which cited anonymous US officials. The code is said to be connected to a Russian hacking outfit the US government has ...>> view original
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