2 March, 2017 by The TZ Newswire Staff Comments Off on Anheuser-Busch InBev Polishes Off a Tough Year
Anheuser-Busch InBev Polishes Off a Tough Year
Anheuser-Busch InBev (NYSE: BUD) released fourth-quarter 2016 results Wednesday evening, highlighted by significant synergies related to the completion of last quarter’s combination with SABMiller, as well as a return to modest year-over-year revenue growth, thanks to the company’s “premiumization” and revenue management initiatives. Nonetheless, AB-InBev shares are down around 3.6% in Thursday afternoon trading as of this writing.
2 March, 2017 by The TZ Newswire Staff Comments Off on DryShips, Frontier Communications Slip into Thursday’s 52-Week Low Club
DryShips, Frontier Communications Slip into Thursday’s 52-Week Low Club
Frontier Communications, Dryships, Opko Health, and Cobalt Energy post new 52-week lows on Thursday.
2 March, 2017 by The TZ Newswire Staff Comments Off on Caterpillar Sinks DJIA on Thursday as Feds Search Facilities
Caterpillar Sinks DJIA on Thursday as Feds Search Facilities
Caterpillar, American Express, JPMorgan, and Microsoft dragged the DJIA lower Thursday.
2 March, 2017 by The TZ Newswire Staff Comments Off on Snap’s first investor thinks this tech company will be the next big thing
Snap’s first investor thinks this tech company will be the next big thing
As teens move towards post-verbal communication, image-based platforms like Giphy could become huge, Lightspeed Ventures partner said.
2 March, 2017 by The TZ Newswire Staff Comments Off on Kosar: Trump Rally in 8th or 9th Inning
Kosar: Trump Rally in 8th or 9th Inning
To make a baseball analogy, technician John Kosar told Financial Sense Newshour that we are probably in the eighth or ninth inning of the current Trump rally. “There are the usual suspects that we see when we’re getting a little bit frothy,” he noted. “We’re getting near…
2 March, 2017 by The TZ Newswire Staff Comments Off on Spread Between "Hard" and "Soft" Data at 17-Year High
Spread Between "Hard" and "Soft" Data at 17-Year High
Bloomberg’s Matthew Boesler just tweeted out the following chart showing that the spread between “hard data” and “soft data” surprises is now the widest is it’s been in 17 years. What does this mean and why is this important? It tells us that business and consumer optimism…
2 March, 2017 by The TZ Newswire Staff Comments Off on Federal Agents Searching Caterpillar Offices in Illinois
Federal Agents Searching Caterpillar Offices in Illinois
Federal law enforcement agencies, including the IRS, were searching various Caterpillar facilities near Peoria, Illinois Thursday, where the company is headquartered.
A company spokesperson confirmed law enforcement was “executing a search warrant” and “Caterpillar is cooperating.”
The U.S. Attorney’s Office for the Central District of Illinois also confirmed its presence at the facilities, but declined to comment on what the search was being conducted for.
“The U.S. Attorney’s office…