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  • Jennifer J 08:30 on March 25, 2016 Permalink | Reply
    Tags: , finance, , ,   

    Hedgefund News Wrap: Week Ending 03/25/2016 

    VIRGIN AMERICA FOR SALE… MAYBE

    (USA TODAY) – The Richard Branson backed U.K airline, Virgin American Inc., might be for sale. Less than two years after going public, the Burlingame, Calif.-based carrier is seeking a potential buyer. Whether the sale is for the entire company or just a part, is still undisclosed.

    With fierce competition in the skies, Virgin still saw a $109.9 million profit in the fourth quarter of 2015, a healthy jump from the $3.9 million reaped during that period in the previous year. With the rumors circling around, shares rose 13 percent at the close on Wednesday to $34.72, valuing the company at $1.5 billion.

    Read the entire article at USA TODAY
    More coverage: Forbes and Bloomberg Business

    TiVo + ROVI = MERGER

    (The New York Times) – It was released Thursday morning that TiVo is reportedly in talked with Rovi for a potential merger. An early pioneer of digital-video recorders, TiVo Inc. has soared as much as 23 percent since the news broke.
    While some reports discuss a merger, some state that TiVo is selling itself to Rovi Corp. According to reports, the deal would consist of both cash and stock with TiVo shareholders holding around 30 percent of the combined company.

    Rovi is no stranger to these waters, as it was formed through the 2008 merger of Macrovision and Gemstar and is not one of the largest owners of patents for digital entertainment devices.

    Read the entire article at The New York Times
    More coverage: Bloomberg Business and Business Insider

    PROXY FIGHT STARTED TO OUST ENTIRE YAHOO BOARD

    (Reuters) – Hedge fund Starboard Value LP released a letter outlining its hopes to remove the entire board of Yahoo Inc., including CEO Marissa Mater. Owning 1.7 percent of Yahoo, Starboard started a battle over the future of the failing web giant as it is pressing ahead with an auction of its core Internet business (search, mail and news sites).

    “We have been extremely disappointed with Yahoo’s dismal financial performance,” Starboard said in its latest letter to Yahoo, adding that its need to officially launch a proxy fight was “unfortunate.” Yahoo responded that they will “respond in due course” and review Starboard’s nine nominated nominees.

    But here’s the kicker, Yahoo co-founder David Filo not only hold the largest stake, at, 7.5 percent, but is still active on the board. Furthermore, people close to the situation have stated that a proxy fight could hinder the auction effort, but Starboard insists that the shake up is to ensure that the core business is properly sold.

    Read the entire article at Reuters
    More coverage: The Wall Street Journal and USA Today

     
  • Jennifer J 08:45 on January 8, 2016 Permalink | Reply
    Tags: , , finance, , , ,   

    Hedgefund News Wrap: Week Ending 01/08/2016 

    THE GUACAMOLE IS EXTRA, IS THE E COLI TOO?

    (FOX News) – Your favorite place to grab a burrito the size of newborn is now undergoing a criminal investigation. Chipotle Mexican Grill Inc is now under investigation by the U.S. Attorney’s Office for the Central District of California in conjunction with the Food and Drug Administrations’s Office of Criminal Investigations.

    With a nationwide spotlight on the burrito-giant’s E. coli outbreak, a separate norovirus outbreak in Boston and a falling stock, the company is feeling the heat. Co-CEO and leading scientists have stated that the company will likely never know which ingredient is the culprit, but plan to fully cooperate with the investigation.

    As for now, Chipotle is running full page newspaper ads in major cities apologizing and should be playing “Sorry” by Justin Bieber on repeat in all of it’s stores.

    Read the entire article at Fox News
    More coverage: The Wall Street Journal and U.S. News & World Report

    DO YOU THINK YOUR FITBIT IS LYING TO YOU? 

    (Fortune) – If yes, then you aren’t alone. Recently, a Colorado woman has filed a class action lawsuit against FitBit Inc. The woman alleges that her Charge HR device is “wildly inaccurate,” including that false advertising is in play and that its heart rate monitoring technology, PurePulse, is inaccurate.

    Apparently others are claiming that they have experienced inaccuracies as well, but FitBit is calling BS. “We do not believe this case has merit,” Heather Pierce, a spokeswoman for the company, said in an e-mail. “Fitbit stands behind our heart rate technology and strongly disagrees with the statements made in the complaint and plans to vigorously defend the lawsuit.”

    We are only 7 days into the new year and FitBit has struck out twice. Earlier this week, FitBit scoffed at the Apple Watch with the release of it’s smartwatch entitle “blaze,” the name fits as the company tumbled 18% that day and the idea went up in flames.

    As a relatively young company, FitBit’s reaction to these allegations, lawsuit and not-so-good product launch will be a tell-tale sign as to the company’s future.

    Read the entire article at Fortune
    More coverage: BloombergBusiness and Nasdaq

    SOUR APPLES

    (CNBC) – It turns our iPhones may just be a fad, as the Japanese financial news service Nikkei reported that the company is expected to reduce the output on its iPhone 6s and 6s plus devices by about 30 percent between January and March. After the news was released on Tuesday, Apple’s stock tumble and closed down over 2 percent at $100.73 on Wednesday.

    Initially, Apple told part makers in Japan and South Korea to maintain production at the same level as last year, but slower sales have made them adjust production. But according to a report, sales are expected to return to normal during Apple’s third quarter, between April and June

    “This is an eye-opening production cut which speaks to the softer demand that Apple has seen with 6S out of the gate,” says Daniel Ives, senior analyst at FBR Capital Markets, said in an interview. “The Street was bracing for a cut, but the magnitude is a bit more worrisome and speaks to a soft March quarter on the horizon.”

    Read the entire article at CNBC
    More coverage: Bloomberg Business and USA Today

     
  • Jennifer J 11:30 on January 4, 2016 Permalink | Reply
    Tags: finance, , , ,   

    TradingScreen's Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

     

    LITIGATION:

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 11:54 on December 28, 2015 Permalink | Reply
    Tags: , finance, , , , ,   

    TradingScreen's Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 11:57 on December 14, 2015 Permalink | Reply
    Tags: finance, , , , , , ,   

    TradingScreen's Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

    LITIGATION:

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 15:12 on December 11, 2015 Permalink | Reply
    Tags: , , finance, , ,   

    Hedgefund News Wrap: Week Ending 12/11/2015 

    LET’S TALK ABOUT STEVE WYNN

    (CNN Money) – A CEO has come up with an interesting way to save his company from the red and being one of the worst-performing stocks of the year. Founder and CEO of Wynn Resorts, Steve Wynn, purchased more than 1 million shares of Wynn Resorts between December 4 and 8.

    Following suite, the stock surged more than 15% in early trading Wednesday and investors became excited again. Although at $72 today, far from it’s March 2014 high of $246.65, it’s common practice that when a CEO buys a large piece of the pie, it’s a good sign. Wynn now owns more than 11  million shares of the company, wearing the crown of the firm’s largest individual shareholder and third-biggest overall.

    With Chinese gambling rules taking a disastrous toll on one of Wynn’s properties, it will be interesting to see if his investment pays off.

    Read the entire article at CNN Money
    More coverage: Business Insider and The Motley Fool

    A CASUAL $130 BILLION

    (USA TODAY) – The chemical giants DuPont and Dow Chemical Co. have agree to merge in an all-stock deal valued at $130 billion, including future plans to split into three. Get ready for DowDuPont to be a household name.

    The new chemical and agricultural giant is one of top 20 largest mergers ever, speculating that there may be some regulation difficulties. “Any merger that consolidates this market into fewer hands will give farmers fewer choices and put them at even more economic disadvantage,” said Wenonah Hauter, executive director of the advocacy group Food & Water Watch, in a statement. “The Department of Justice needs to block this merger to prevent the further corporate control of the basic building blocks of the food supply.”

    But on the bright side, the companies have identified $3 billion in annual cost savings, equaling $30 billion in market value. DowDuPont will be split in about 18-24 months time via tax-free spin-offs, becoming three independent companies; agriculture, materials and specialty products.

    Read the entire article at USA TODAY
    More coverage: CNBC and The Washington Post

     

    DON’T BET ON BETTING IN NY

    (Fortune) – DraftKings and FanDuel are in a very, very large pickle. If you’re in the state of New York and are planning on betting on either DraftKinds or FanDuel, you are officially SOL for the duration of the case regarding the two companies.

    After going back and forth for sometime now, a judge put his mallet down and has sided with Schneiderman’s efforts in shutting down their games for New York players. Both companies have stated they plan to file emergency appeals seeking to block the order from taking effect, but let’s see how it shakes out.

    All I have to say is, “let the boys play!”

    Read the entire article at Fortune
    More coverage: CNN Money and Business Insider

     
  • Jennifer J 20:05 on November 30, 2015 Permalink | Reply
    Tags: , finance,   

    Join TradingScreen at the FIA Asia Derivatives Conference 

    FIA
    December 8-10

    The St. Regis Singapore

    The 11th Annual FIA Asia Derivatives Conference is next week and TradingScreen wants to see you there. Join us along with 700 senior-level executives, managers and regulators in Singapore for an in-depth discussion of global and regional derivatives industry issues. This is the leading derivatives industry event in Asia, as it includes panel sessions covering an array of topics including regional market developments, trading challenges and the evolving regulatory landscape.

    If you would like to register for the event, please register here. For more information regarding the event, please click here.

    See you there!

     

     
  • Jennifer J 10:44 on November 30, 2015 Permalink | Reply
    Tags: finance, , , ,   

    TradingScreen’s Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

    LITIGATION:

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 12:03 on November 25, 2015 Permalink | Reply
    Tags: , finance, ,   

    “Managing Risk Across Boundaries” & “Partnership of the Year” Shortlisted Awards 

    The Institute of Risk Management, or IRM, has shortlisted TradingScreen for their annual Global Risk Awards. We are proud to be recognized for the Managing Risk Across Boundaries and Partnership of the Year categories.

    According to IRM, “The Awards are the risk world’s answer to the Oscars where we recognise, honour, and celebrate individuals and teams that have made significant contributions and paved the way for innovation and excellence in risk.”

    IRM award 2015

    TradingScreen is thrilled to be recognized for its accomplishments. Thank you to our customers and partners for their continued support and patronage.

    If you would like to read more about the awards, please click here.

     
  • Jennifer J 17:29 on November 24, 2015 Permalink | Reply
    Tags: , finance, , , ,   

    TradingScreen Australia Holds Multi-Asset Trading Forum 

    TradingScreen Australia held a successful Multi-Asset Trading Forum Tuesday, November 24 at the Radisson Blu Plaza Hotel Sydney. The event included a buy-side panel discussion followed by a cocktail reception. The noteworthy agenda included Risk & Compliance in a Regulatory World, TradeSight Fixed Income Forum, Equity Block Trading Forum, as well as TradingScreen’s 15th Anniversary Reception.

    australian event 11-24.jpg

    AUS trading forum 11-24

    TradingScreen CEO, Philippe Buhannic, addresses the crowd.

     
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