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Watch Live: Former Equifax CEO Faces Congressional "Public Shaming" Over Hack Farce
Video By:
Tyler Durden
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Tuesday, October 3, 2017 10:12 AM EDT
Former Equifax CEO Richard Smith can expect a serious grilling this morning as he faces a congressional hearing into the utter farce surrounding the company's gross mishandling of a cyber-security breach.
In this video: EFX
Equifax Chairman, CEO Richard Smith Retiring Effective Immediately
Article By:
Tyler Durden
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Tuesday, September 26, 2017 9:25 AM EDT
Less than two weeks after the biggest hack in U.S. corporate history, moments ago the company announced that the exodus from the sinking ship continued when company Chairman and CEO, Richard Smith, has also retired effective immediately.
In this article: EFX
Facebook Dives After CEO Says Stock Appreciation 'Can Fully Fund' Charity
Article By:
The Fly
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Tuesday, September 26, 2017 5:00 AM EDT
Shares of social media giant Facebook dived on Monday after the founder and chief executive officer Mark Zuckerberg ditched plans to create a new class of shares. Zuckerberg also said late Friday that he would sell shares in the company.
Toys "R" Us Files Chapter 11: Second Largest US Retail Bankruptcy In History
Article By:
Tyler Durden
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Tuesday, September 19, 2017 8:22 AM EDT
With assets of $6.9 billion, it’s the second-largest retail bankruptcy, trailing the filing in 2002 by Kmart, which had $14.6 billion in assets.
More Equifax Lies? Company Originally Hacked Five Months Earlier Than It Disclosed
Article By:
Tyler Durden
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Tuesday, September 19, 2017 3:00 AM EDT
The revelation of an earlier breach - and one which comes from the press instead of the company itself - will likely raise questions for the company’s executives over whether that investigation was sufficiently thorough.
In this article: EFX
Vanguard REIT ETF: Index Change Could Lead To Lower Risk, Lower Yield
Article By:
David Dierking
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Sunday, September 17, 2017 2:19 PM EDT
Investors have committed more than $35 billion to the Vanguard REIT ETF making it the 19th largest ETF in the marketplace. Despite its size and success, the fund is about to make some changes and dividend investors might not like it.
Gasp: Companies Are Spending Less On Stocks
Article By:
The Heisenberg Report
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Friday, September 15, 2017 12:59 PM EDT
The temptation to leverage the balance sheet in pursuit of likely ephemeral EPS gains is hard to resist and when management’s compensation is linked to equity, the stage is set for prudence to be summarily tossed aside in favor of debt-fund
Teva Hires Kare Schultz As CEO: Is A Recovery In The Cards?
Article By:
Zacks Investment Research
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Monday, September 11, 2017 10:04 AM EDT
Teva Pharmaceutical Industries Limited announced the appointment of Kåre Schultz as president and chief executive officer, thus ending the Israeli generic maker’s long search for a permanent CEO. Share rose more than 12% in pre-market trading.
Amazon Slashes Whole Foods Prices As Much As 43%, Channel Checks Reveal
Article By:
Tyler Durden
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Monday, August 28, 2017 8:28 AM EDT
European grocery stocks ticked lower again, while Kroger was down 2%, as apparently the size of the markdowns came as a surprise to the market and as Whole Foods peers will now struggle to catch down to its heavily subsidized competitor.
Sears Same-Store Sales Plunge 11.5%; To Close Another 28 Stores
Article By:
Tyler Durden
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Thursday, August 24, 2017 7:58 AM EDT
Sears same-store sales fell 11.5%, including a decline of 9.4% for Kmart stores, and a drop of -13.2% at Sears stores. Spinning the worse than expected drop in traffic, Sears said that July was the best quarter for the company.
In this article: SHLD
Wayfair Should Worry About Amazon
Article By:
Sramana Mitra
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Monday, August 14, 2017 10:41 AM EDT
Wayfair may be delivering impressive growth, but it should still be worried about the elephant in the room – Amazon. Wayfair’s average order price of nearly $250 suggests that it is not really selling big furniture pieces.
Same Assets, Different Payout
Article By:
Simon Lack
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Sunday, August 13, 2017 1:12 PM EDT
Since paying dividends is a very tax-inefficient way for corporations to return value to shareholders, high pay-out ratios would be exceptionally inefficient. The recent trend is for companies to return profits via buying back their stock.
Tesla To Raise $1.5 Billion In Bond Offering
Article By:
Tyler Durden
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Monday, August 7, 2017 8:02 AM EDT
The debt offering comes as Tesla has reportedly received thousands of advance reservations for the Model 3, which Elon Musk said were averaging at about 1,800 per day since the car's launch in late July.
In this article: TSLA
More Disposable Income Needed
Article By:
Danielle Park, CFA
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Saturday, August 5, 2017 7:17 PM EDT
Until consumer debt levels are reduced and household savings are rebuilt in the economy on higher disposable cash flow, consumption will be weak, and corporate and government finances under increasing pressure.
US Public Firm Agonistes
Article By:
Timothy Taylor
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Saturday, August 5, 2017 6:22 PM EDT
The number of shareholder-owned US corporations is in steep decline, falling from 7,507 in 1997 to 3,766 by 2015.