1. Articles from Jonathan Garber

    1-19 of 19
    1. Shaq is Investing in 9 Papa John's Locations and Joining the Pizza Chain's Board

      Shaq is Investing in 9 Papa John's Locations and Joining the Pizza Chain's Board
      • Shaquille O'Neal is joining Papa John's board of directors and investing in nine Atlanta area locations.
      • Papa John's shares were up more than 3% following the news.
      • Watch Papa John's trade live.

      The NBA Hall of Famer Shaquille O'Neal is joining Papa John's board of directors and investing in nine locations in the Atlanta area, the company said Friday. He will also become a brand ambassador for the pizza chain.

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    2. Billionaire Nelson Peltz is Getting into the Cannabis Business

      Billionaire Nelson Peltz is Getting into the Cannabis Business
      • The billionaire Nelson Peltz is joining Aurora Cannabis as a strategic adviser.
      • Peltz is the CEO and a founding partner of Trian Fund Management.
      • He has served as the CEO and chairman of Triarc Companies, which owned Arby's and Snapple, and has been on several company boards.
      • Aurora Cannabis shares were up 8.5% following the announcement.

      The billionaire Nelson Peltz is getting into the cannabis business...

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    3. Papa John's Settles With Founder John Schnatter

      Papa John's Settles With Founder John Schnatter
      • Papa John's and founder John Schnatter have reached a settlement.
      • Schnatter will drop his lawsuit agains the pizza chain and resign as an independent director.
      • He will help find a replacement.
      • Watch Papa John's trade live.

      The pizza chain Papa John's and founder John Schnatter have reached an agreement that will remove Schnatter from the company's board of directors...

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    4. Breaking News: BB&T and SunTrust are Joining Forces in a $66 Billion Deal That'll Create the US's 6th Largest Bank

      Breaking News:  BB&T and SunTrust are Joining Forces in a $66 Billion Deal That'll Create the US's 6th Largest Bank

      SunTrust Banks and BB&T have agreed to a $66 billion merger that will create the sixth-largest US bank.

      The deal pays SunTrust shareholders 1.295 BB&T shares for each SunTrust share they own, according to a joint statement released Thursday morning. BB& T shareholders will own about 57% of the combined company...

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      Mentions: Merger Bloomberg Bank
    5. Tesla is Sliding After Slashing Prices on its Model X and Model S in China

      Tesla is Sliding After Slashing Prices on its Model X and Model S in China
      • Tesla announced it was slashing Model X and Model S prices in China to offset some of the impact from President Donald Trump's tariffs.
      • Shares fell 1.8% following the announcement.
      • Watch Tesla trade live.

      Tesla was sliding Friday, down 1.8% to below $332 a share, after the company announced that it was cutting prices on some vehicles in China to help offset some of the impact from President Donald Trump's trade war...

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      Mentions: CFO Tesla Elon Musk
    6. 'You are messing with the wrong guy': The CEO of Cleveland-Cliffs Eviscerates Goldman Sachs analyst and short sellers (CLF)

      'You are messing with the wrong guy': The CEO of Cleveland-Cliffs Eviscerates Goldman Sachs analyst and short sellers (CLF)
      • Cleveland-Cliffs CEO Lourenco Goncalves took time out of his company's third-quarter earnings call to attack a Goldman Sachs analyst and short sellers.
      • It's not the first time Goncalves had a contentious moment with an analyst on an earnings call...
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    7. 'Change the Board': Hedge-Fund Billionaire Dan Loeb Lays out his Plan to Turn Around Campbell Soup

      'Change the Board': Hedge-Fund Billionaire Dan Loeb Lays out his Plan to Turn Around Campbell Soup
      • Third Point Management, the hedge fund owned by the billionaire Dan Loeb, on Thursday laid out its plan to turn around Campbell Soup.
      • The soup maker has suffered through years of declining soup sales.
      • Third Point says the company's entire board should be replaced.

      Campbell Soup is rallying Thursday, up almost 2%, after Third Point, the hedge fund owned by the billionaire Dan Loeb, called on shareholders to replace the company's board of directors...

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    8. Tesla is Soaring after Elon Musk Settles with the SEC

      Tesla is Soaring after Elon Musk Settles with the SEC
      • Tesla shares were up more than 15% early Monday on the news Tesla CEO Elon Musk had settled fraud charges with the US Securities and Exchange Commission.
      • Musk will neither admit nor deny the allegations, including that he knowingly misled the public, and he has agreed to step down as Tesla's chairman for at least the next three years. Both Musk and Tesla will also pay $20 million fines...
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      Mentions: SEC Tesla lawsuit
    9. Breaking News: General Electric CEO John Flannery is Out

      Breaking News:  General Electric CEO John Flannery is Out

      General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by  H. Lawrence Culp, Jr.

      GE said it will take a $23 billion goodwill charge for its power business. It also warned that it will miss its 2018 earnings-per-share gudiance.

      GE shares are up more than 10% on the news...

       

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      Mentions: GE CEO Shareholders
    10. Breaking News: Michael Kors Agrees to Buy Versace

      Breaking News:  Michael Kors Agrees to Buy Versace
      • Michael Kors has agreed to buy the Italian fashion house Versace.
      • The deal has an enterprise value of 1.83 billion euros ($2.12 billion).
      • Michael Kors will change its name to Capri Holdings once the deal closes.
      • Watch Michael Kors trade in real time here.

      Michael Kors has agreed to buy the Italian fashion house Versace in a deal that has an enterprise value of 1.83 billion euros ($2.12 billion). The global fashion luxury group also announced it will change its name to Capri Holdings...

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    11. Sirius XM Agrees to Pay $3.5 Billion in Stock for Pandora to Create the World's Largest Audio-Entertainment Company

      Sirius XM Agrees to Pay $3.5 Billion in Stock for Pandora to Create the World's Largest Audio-Entertainment Company
      • Sirius XM has agreed to pay $3.5 billion for Pandora in an all-stock transaction.
      • The deal has an implied price of $10.14 a share, and includes a "go-shop" provision.
      • Watch Sirius XM and Pandora trade in real time.

      Sirius XM Holdings will acquire Pandora for $3.5 billion in an all-stock transaction, creating the world's largest audio-entertainment company, the two sides announced Monday...

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      Mentions: Pandora CEO
    12. Amazon, Berkshire Hathaway, and JPMorgan are Teaming up on Healthcare

      Amazon, Berkshire Hathaway, and JPMorgan are Teaming up on Healthcare

      Amazon, Berkshire Hathaway, and JPMorgan Chase & Co. are teaming up on ways to address healthcare for their US-based employees. The companies will aim to improve employee satisfaction while reducing costs, according to a joint press release.

      Americans spent an average of $714, or 1.6% of their take-home pay on out-of-pocket healthcare spending in 2016, according to a report from JPMorgan Chase. That's up 3.6% versus a year ago and up 13.5% from 2013...

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    13. Breaking News: Dish Network's CEO is stepping down (DISH)

      Breaking News:  Dish Network's CEO is stepping down (DISH)

      Dish Network Chairman Charlie Ergen is stepping down as Chief Executive Officer in order to spend more time on the company's emerging wireless business, a company press release said. He will be replaced by Chief Operating Officer Erik Carlson.

      "With more than 20 years' experience at DISH, Erik brings a complete understanding of the business opportunities both DISH TV and Sling TV possess," Ergen in the press release...

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    14. General Electric Slashes its Divided by 50%

      General Electric Slashes its Divided by 50%

      General Electric's board of directors announced on Monday it is cutting its dividend in half  — from $0.24 to $0.12 a share.

      “We understand the importance of this decision to our shareowners and we have not made it lightly.  GE Chairman and CEO John Flannery said in the release. "We are focused on driving total shareholder return and believe this is the right decision to align our dividend payout to cash flow generation...

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      Mentions: Dividend crisis CEO
    15. American Express' CEO is Stepping Down

      American Express' CEO is Stepping Down

      Reuters

      • Kenneth Chenault is stepping down after nearly 18 years at the helm of American Express.
      • Warren Buffett called Chenault "the gold standard for corporate leadership..."

      American Express Chairman and Chief Executive Officer Kenneth Chenault is stepping down after 37 years at the company, a company press release said on Wednesday...

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    16. Wall Street is Loading up on Bets Against Snapchat (SNAP)

      Wall Street is Loading up on Bets Against Snapchat (SNAP)

      Traders are loading up on short bets against Snapchat. Short interest in the stock has surged to more than 30 million shares, making up about 15.4% of the shares available for trading, according to Data provided by Wall Street analytics firm S3 Partners.

      Snapchat priced its initial public offering at $17 a share and made its Wall Street debut at $24. Shares climbed as high as $28.84 on March 3, its second day of trading, but have been retreating ever since...

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      Mentions: Hedge Fund
    17. Short Sellers are Cleaning up in Fitbit (FIT)

      Short Sellers are Cleaning up in Fitbit (FIT)

      Shares of Fitbit are down 15.7% at $6.08 per share on Monday after the company announced preliminary fourth-quarter results that were well below its previous estimate, in addition to slashing its guidance for the crucial holiday quarter.  The company said it sold 6.5 million devices in the fourth quarter, and that revenue would come in at $572 million to $580 million, well below its previous guidance range of $725 million to $750 million...

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      Mentions: Shareholders
    18. 10 things you need to know before the opening bell (spy, spx, qqq, dia, shw, aapl, twtr, val)

      10 things you need to know before the opening bell (spy, spx, qqq, dia, shw, aapl, twtr, val)

      Reuters/Ivan Alvarado

      Here is what you need to know.

      China is worried about rising debt. Zhou Xiaochuan, the governor of the People’s Bank of China, sounded the alarm over rising debt in the country. "Lending as a share of GDP, especially corporate lending as a share of GDP, is too high," Zhou said, according to Bloomberg and the Financial Times.

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      Mentions: CEO
    1-19 of 19
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    10 things you need to know before the opening bell (spy, spx, qqq, dia, shw, aapl, twtr, val) Short Sellers are Cleaning up in Fitbit (FIT) Wall Street is Loading up on Bets Against Snapchat (SNAP) American Express' CEO is Stepping Down General Electric Slashes its Divided by 50% Breaking News:  Dish Network's CEO is stepping down (DISH) Amazon, Berkshire Hathaway, and JPMorgan are Teaming up on Healthcare 'Change the Board': Hedge-Fund Billionaire Dan Loeb Lays out his Plan to Turn Around Campbell Soup Tesla is Sliding After Slashing Prices on its Model X and Model S in China Billionaire Nelson Peltz is Getting into the Cannabis Business What the Capital One Hack Means for Boards of Directors The Most Fascinating Standoff in Corporate America: The Accountant Who Exposed Madoff vs. GE