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Another Smart Hedge Fund Manager Is About to Be Duped By Valeants Value Trap

It s pretty safe to say that embattled drugmaker Valeant Pharmaceuticals NYSE VRX has cost Wall Street institutional money managers and the average investor quite a bit of money Valeant s latest victim was billionaire hedge fund manager Bill Ackman whose fund Pershing Source
Posted On 21 Mar 2017

Zweig Fund Says Conditions Met For Third Tender Offer; Will Buy Up To 5% Of Outstanding Shares

Zweig Fund ZF was slightly lower in morning trade Monday after it said it will commence a tender offer to purchase up to 5 of its outstanding shares under the terms of a tender offer program that was originally announced on April 5 2016 Zweig Fund ZF was slightly lower in morning...
Posted On 21 Mar 2017

TSX Up 13 Points as Energy Posts Biggest Losses as Slipping Oil Prices; Telecom The Biggest Gainer

The TSX is up 13 points this morning on mixed sectors Energy is the biggest loser so far shedding 0 46 as oil prices weigh Crude oil is now at US 48 31 as investors register concerns over rising US oil output The TSX is up 13 points this morning on mixed sectors Energy is the...
Posted On 21 Mar 2017

European ADRs Fractionally Higher as Health Care Stocks See Mixed Fortunes

American depository receipts of European stocks were 0 1 higher at 127 36 on the Bank of New York Mellon Europe ADR Index on Monday morning American depository receipts of European stocks were 0 1 higher at 127 36 on the Bank of New York Mellon Europe ADR Index on Monday morning...
Posted On 21 Mar 2017

How Tax Refunds Can Hurt Your Retirement

By  James Brewer, CFP®, CRPC®, AIF® Although one firm advertises Get Your Billions Back America , getting a tax refund can actually be harmful to your financial health. Did your tax preparer ask you if you had participated in a company-sponsored retirement plan? Further, did they...
Posted On 21 Mar 2017

Adobe, Microsoft team up to share sales and marketing data

(Reuters) – Microsoft Corp and Adobe Systems Inc are joining to make their respective sales and marketing software products more potent competitors to Salesforce.com Inc and Oracle Corp offerings, the two firms said Monday. Source
Posted On 21 Mar 2017

Google to revamp policies, hire staff after UK ad scandal

LONDON (Reuters) – Google vowed on Tuesday to police its websites better by ramping up staff numbers and overhauling its policies after several companies deserted the internet giant for failing to keep their adverts off hate-filled videos. Source
Posted On 21 Mar 2017

Google sister company Jigsaw offers free security tools to election groups

FRANKFURT/AMSTERDAM (Reuters) – Google and its sister company Jigsaw, are stepping up efforts to help keep elections free of online interference after helping to defend one of two important voter information websites that came under cyber attack during last week’s...
Posted On 21 Mar 2017

Ride-hailing firms Grab, Uber pursue growth in Myanmar

SINGAPORE (Reuters) – Singapore-headquartered Grab launched a trial of its ride-hailing services in Myanmar on Tuesday, aiming to expand to a seventh Southeast Asian country, while rival Uber Technologies Inc [UBER.UL] said it was also looking to enter the market shortly. Source
Posted On 21 Mar 2017

Alibaba buys out online ticketing platform Damai

SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd has fully acquired online ticketing platform Damai.cn, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business. Source
Posted On 21 Mar 2017