Kellogg is nearing a deal to sell its Keebler, Famous Amos and fruit snacks businesses to Nutella-owner Ferrero for between $1 billion and $1.5 billion, people familiar with the situation tell CNBC. An announcement could come as soon as Monday, the people said, requesting anonymity because the information is confidential. The deal is the latest
Month: March 2019
(April 1): U.S. equity futures climbed alongside the Australian dollar as China manufacturing data eased concern about the pace of the global economic slowdown. Stocks in Asia looked set to rise, while the yen slipped. China’s first official economic gauge for March signaled a stabilization in the world’s second-largest economy. Futures on the S&P 500
To help women successfully take control of their finances, she encourages investing with confidence, rather than stashing cash in a low-yield savings account. While zero-risk cash investments are entirely appropriate for short-term needs, such as an emergency fund, savers will lose money in the long run by trailing the rate of inflation. “We put and
Christophe Morin/IP3 | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Facebook CEO Mark Zuckerberg backed stronger government regulation of the Internet on Saturday, but
KUALA LUMPUR (March 31): A total of 121 infrastructure projects valued at RM13.93 billion nationwide offered through direct negotiations and limited tenders by the Barisan Nasional Government will continue after price negotiations by the Pakatan Harapan Government resulted in cost savings of RM805.99 million. These exclude mega projects such as the Light Rail Transit 3
Betting on Wells Fargo might not be a safe bet, according to one strategist. The stock caught Wall Street’s attention Thursday following the company’s announcement that CEO Tim Sloan was retiring effective immediately. Shares initially surged on the news in after-hours trading before reversing and shedding over 1.5 percent in Friday’s session. But even these
Whether taxpayers who gave to these funds in 2018 can claim a charitable deduction on their federal return for that year is also uncertain. The IRS and Treasury’s proposed rule had an effective date of Aug. 27, 2018. If you made a contribution to a state fund after that date and then claimed it on
In recent years, as Uber battled a public relations nightmare, Lyft positioned itself as the ethical choice in rideshare. It noted in its IPO filing, “As a part of our ongoing commitment to social impact and improving the communities we serve, we expect to invest the greater of 1 percent of our profits or $50
Wealthfront’s strategy is to automate an investment process that was once largely done by humans, from account set up to fund selection and account maintenance. All of this hinges on its customers trusting computers, hence, the firm’s target audience are tech-savvy millennial investors. So far, Wealthfront has signed up 270,000 accounts, with roughly $13 billion
Bolsonaro’s pension-overhaul proposal, which was submitted last month, aims to save the government more than 1 trillion reals — or about $270 billion — over a 10-year period. This proposal is far more ambitious than former President Michel Temer’s, which targeted 600 billion reals in savings. The measure would also implement a fixed retirement age
KUALA LUMPUR (March 30): Gadang Holdings Bhd has proposed to vary certain terms of its joint venture agreement (JVA) involving a RM1.8 billion integrated project being developed on its land in Johor Bahru, chief of which is a reduction to its entitlement from the project from a maximum of RM324 million to RM250 million. Up
Anthony Scaramucci’s hedge fund SkyBridge Capital and its partner Westport Capital, for example, are looking to raise $3 billion to launch an opportunity zone real estate investment trust. But SkyBridge only takes on accredited investors, individuals with a net worth of at least $1 million (not including your home) or those with an income of
College is expensive, but there is one place in higher education where there’s no shortage of money — endowments. There’s more than $616 billion worth of endowments assets in the U.S. Most of that endowment wealth lies with a few affluent schools, such as Harvard with its $39.2 billion. Lawmakers are starting to question why
SEREMBAN (March 30): Dr S Streram, the Pakatan Harapan candidate from PKR who was ‘robbed’ of his candidacy for the Rantau State seat in the 14th General Election (GE14) last May, got his second shot after the nomination process ended for the Rantau by-election here today. He is in a four-cornered fight with the other
SEREMBAN, March 30: It will be a four-cornered fight for the Rantau State seat. When nomination closed at 10am, four candidates had submitted their nomination papers. According to Malaysiakini, they were Pakatan Harapan’s Dr S Streram, BN’s Mohamad Hasan and two aspiring Independent candidates R Malar and Mohd Nor Yasin. According to Bernama, Dewan Serbaguna
CNBC’s Jim Cramer reminded investors not to step into a battleground stock, a situation where passionate bears are in a standoff with passionate bulls and there’s no where to go. “When you get a situation like Monster where a stock keeps getting mauled by the bears, but a couple of heroic analysts remain bullish, that’s
Tim Sloan’s decision to step down as chief of Wells Fargo hinged in part on a looming congressional committee meeting on banks next month, CNBC’s Jim Cramer said Friday. The top brass of the big banks will be in Washington, D.C., on April 10for the House Committee on Financial Services hearing on banks. The committee,
Pinterest Co-founder Evan Sharp was added to the company’s board of directors this month, according to a company filing on Friday. The addition comes in an update to Pinterest’s IPO paperwork with the SEC, exactly one week after the company’s first public filing. It means the company now has two insiders on its board —
Lyft’s $87 opening price is a “win for the system,” even though it may have been a loss for investors that were overeager, CNBC’s Jim Cramer said Friday. “I cannot stress this enough: we’re at the start of an IPO season that looks on track to bring a trillion dollars’ worth of companies public,” the
The Dow is having its best start to the year since 2013. The blue-chip index rallied 10 percent in the first quarter, helped along by strong gains in Cisco, IBM, and Apple. Now, two market watchers agree that there’s one name in the group to play for a catch-up trade: Pfizer. TradingAnalysis.com’s Todd Gordon argues
The public markets have been “hot” this year, but Casper CEO Philip Krim isn’t saying if his company is going to jump aboard. “I am excited that the IPO market is doing well,” he said in an interview with CNBC’s “Closing Bell” on Friday. Krim said “no comment” when asked about a Reuters report that
Art Hogan, chief market strategist at National Alliance said with $700 million in potential offerings in the wings, this year could surpass the all-time record reached in 2000, when the new issue market was viewed as overheated and many companies without earnings or prospects made it into the public arena during the tech bubble. “In
Joe Raedle | Getty Images A dose of measles vaccine is seen at the Miami Children’s Hospital on June 02, 2014 in Miami, Florida. In response, government officials declared a state of emergency on Tuesday and banned unvaccinated children in public places, including shopping malls, schools and restaurants, for 30 days. “We believe we are
KUALA LUMPUR (March 30): Maxis Bhd no longer wants to be just Malaysia’s leading mobile operator and is moving aggressively into homes and are knocking on businesses’ doors offering converged communications and digital services. CEO designate Gokhan Ogut, who will officially take the CEO chair come May 1, is steering Maxis from a mobile operator
The first quarter has been a banner period for Wall Street. The S&P 500 is up more than 12 percent this quarter and is on pace to notch its best start to a year since 1998. The broad index is also set to post its biggest one-quarter gain since 2009. Accompanying the S&P 500 in
This quarter is one for the Wall Street history books — stocks are on track to post their best quarter since 2009 and best start to a year in more than two decades. However, investors shrugged it off. While the S&P is up nearly 13 percent so far this year, on pace for its best
KUALA LUMPUR (March 29): The Malaysian Communications and Multimedia Commission (MCMC) has taken action on 2,823 social media accounts which were involved in fraudulent activities from 2018 until the middle of this month, with 80 percent of them deleted in accordance with the terms and conditions of the platforms. Chief executive of the compliance sector
Shannon Stapleton | Reuters Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York, U.S., March 29, 2019. Check out the companies making headlines midday Friday: Celgene — Shares of Celgene rose 7.8 percent after proxy
Activist investor Starboard Value has ended its fight against Bristol-Myers Squibb’s buyout of biotechnology company Celgene after two prominent proxy advisors announced their support for the deal earlier on Friday. The withdrawal comes hours after both Institutional Shareholder Services and Glass Lewis recommended Bristol-Myers shareholders vote in favor of its bid. “Despite the substantial swell
Federal Reserve Governor Randal Quarles voiced confidence in the U.S. economy in a speech Friday and said more interest rate hikes likely will be appropriate, countering the prevailing market wisdom. Speaking to economists in New York, Quarles, who is the central bank’s vice chair for supervision, said the labor market looks strong and productivity is
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