Two new companies joined the IPO pipeline during the first week of 2017. Blackstone’s Invitation Homes (INVH), the the nation’s largest owner of single-family houses, filed for an IPO that we estimate will raise $1.5 billion or more. As a JOBS Act filer, the REIT could begin trading as early as the week of January 30. Following a string of recent filings from the energy sector, founder-owned....more>>>
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Downbeat holiday sales reports byKohl’s(NYSE:KSS) andMacy’s(NYSE:M) pushed the department store sector, and much of retail, in the red on Thursday. As of 11:38 a.m. EST, Kohl’s was down 19.5%, Macy’s was down 14.4%, and peers includingNordstrom(NYSE: JWN) andJ.C. Penney(NYSE: JCP) also tumbled, falling 9.8% and....more>>>
Despite a week shortened by the Thanksgiving holiday, on Wednesday all of the major indices closed at new highs except the Nasdaq, but it joined the others on Friday’s half session with a fresh closing high. The expected reduction in corporate taxes, reduced regulation and greater infrastructure spending was cited as the primary reasons for the gains.
For the Dow industrials, Friday....more>>>
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The company's new anti-fake news tools include a content warning for articles deemed bogus by third-party fact-checkers. Video provided by Newsy Newslook
SAN FRANCISCO Each weekday after making thekids’ lunches, Lisel Laslie takes out her iPhone to scroll through Facebook over her morning cup of coffee.list....more>>>
Six months ago MannKind (NASDAQ:MNKD) was getting ready to take over the sales of Afrezza from Sanofi (NYSE:SNY) and was heralding the virtues of a smaller 100% dedicated sales force, regional efforts with high volume prescribers, and developing a focus on a more narrow segment of the market. The company had indicated that it had learned a lot from the previous launch, had initiated corrective measures,....more>>>