3 August, 2017 by The TZ Newswire Staff Comments Off on Why AmerisourceBergen Corp. Fell Dramatically Today
Why AmerisourceBergen Corp. Fell Dramatically Today
AmerisourceBergen (NYSE: ABC) closed down 10.5% on Thursday after announcing disappointing fiscal third-quarter earnings and reducing its expectations for revenue for the entire fiscal 2017. Fellow drug distributors fell in sympathy, with McKesson (NYSE: MCK) down 2.7% and Cardinal Health (NYSE: CAH) down 2.3%.
3 August, 2017 by The TZ Newswire Staff Comments Off on HSBC change RBNZ call; and also say "NZD has rallied too far and too fast"
HSBC change RBNZ call; and also say "NZD has rallied too far and too fast"
One for the New Zealand dollar traders, a change in forecast from HSBC on the Reserve Bank of New Zealand
The note, in summary (bolding mine for emphasis):
3 August, 2017 by The TZ Newswire Staff Comments Off on Ariel Lahmi buys Tribeca building for $21M
Ariel Lahmi buys Tribeca building for $21M
Ariel Lahmi’s Beekman Real Estate Investment Management picked up a Tribeca commercial building for $21 million, which he plans to convert into residential condominiums. Lahmi paid $1,006 per square foot to buy the five-story, 20,800-square-foot building at 83-85 Worth Street from Izi Moraru’s Vimar Realty Corporation, according to the brokers who negotiated the deal. “He’s buying at $1,000 a foot on the existing space, and even with the loss factor he still feels very comfortable […]
3 August, 2017 by The TZ Newswire Staff Comments Off on Arcos Dorados Holdings Addresses Its Biggest Threat
Arcos Dorados Holdings Addresses Its Biggest Threat
In February of 2016, shares of Arcos Dorados Holdings (NYSE: ARCO) hit an all-time low at $2.21. While the stock was already under pressure due to a strong U.S. dollar and economic volatility in some of its biggest markets such as Argentina and Venezuela, investors were beginning to wonder if the company would even be viable going forward. The reason? A perfect storm of long-term debt issues.
The spring of 2016 proved to be a trough, however. In the last 18 months, “ARCO” stock has staged a vigorous comeback:
3 August, 2017 by The TZ Newswire Staff Comments Off on This crowded trade may be about to reverse: ‘Too many people on one side of the boat’
This crowded trade may be about to reverse: ‘Too many people on one side of the boat’
The U.S. dollar continued its slide on Thursday against a basket of foreign currencies.
3 August, 2017 by The TZ Newswire Staff Comments Off on Why AMC Networks Inc’s Shares Jumped 20% in July
Why AMC Networks Inc’s Shares Jumped 20% in July
Shares of AMC Networks Inc (NASDAQ: AMCX) jumped 19.7% in July according to data provided by S&P Global Market Intelligence after a new product offering and a bond sale were announced.
3 August, 2017 by The TZ Newswire Staff Comments Off on The second-day adventists: Warburg, Fox, Garfield and Kleier join StreetEasy boycott
The second-day adventists: Warburg, Fox, Garfield and Kleier join StreetEasy boycott
You can now refer to them as the G-8. After four of the city’s top brokerages stopped feeding sales and rental listings to StreetEasy, four others — Warburg Realty, Leslie J. Garfield, Kleier Residential and Fox Residential — followed suit on Thursday. The brokerages said they’d syndicate their listings instead through the Real Estate Board of New York’s new residential listing service (RLS). During an interview at Warburg’s Madison Avenue office, Clelia Peters, the firm’s […]