Business Corpus: 07/11/18

South Korea's central bank cuts outlook on trade battleSouth Korea's central bank has cut its forecast on the country's economy, citing mounting uncertainties from the U.S.-China trade battle.

South Korea's central bank has cut its forecast on the country's economy, citing mounting uncertainties from the U.S.-China trade battle.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/k5LRh8oZVS4/south-koreas-central-bank-cuts-outlook-on-trade-battle

If I'm Adopted, Should I Have DNA Testing?Should adoptees, or parents of adoptees, consider direct-to-consumer genetic testing kits to gain more information on health risks, ancestry, or to find biological relatives? A certified genetic counselor reviews the pros and cons you should know before you spit.

[Collection]Should adoptees, or parents of adoptees, consider direct-to-consumer genetic testing kits to gain more information on health risks, ancestry, or to find biological relatives? A certified genetic counselor reviews the pros and cons you should know before you spit.https://www.forbes.com/sites/ellenmatloff/2018/07/11/im-adopted-should-i-have-dna-testing/

The Best Way To Get The Worst Hiring ResultsIf you're relying heavily on candidate interviews, you're likely to make hiring mistakes.

[Collection]If you're relying heavily on candidate interviews, you're likely to make hiring mistakes.https://www.forbes.com/sites/jeffhyman/2018/07/11/bestway/

Earnings Preview: What To Expect From Citigroup On FridayCitigroup is expected to earn $1.56/share on $18.58 billion in revenue. Meanwhile, the so-called Whisper number is $1.62.

[Collection]Citigroup is expected to earn $1.56/share on $18.58 billion in revenue. Meanwhile, the so-called Whisper number is $1.62.https://www.forbes.com/sites/adamsarhan/2018/07/11/earnings-preview-what-to-expect-from-citigroup-on-friday-2/

Trade War With China Exposes U.S. Mineral Import ProblemAs the U.S.-China trade war heightens, our vulnerability and need for imported minerals could easily be exposed. Fortunately, we know we have the resources to reverse course.

[Collection]As the U.S.-China trade war heightens, our vulnerability and need for imported minerals could easily be exposed. Fortunately, we know we have the resources to reverse course.https://www.forbes.com/sites/judeclemente/2018/07/11/trade-war-with-china-exposes-u-s-mineral-import-problem/

This man lost almost $100,000 on 3 start-ups. Here's what he learned — and why he won't quit“I realized it should not be a case of let’s give up. It should be about questioning why I'd failed and what needed to change,” said Bryan Long.[Collection]

“I realized it should not be a case of let’s give up. It should be about questioning why I'd failed and what needed to change,” said Bryan Long.https://www.cnbc.com/2018/07/10/launching-a-startup-advice-for-success-from-a-failed-entrepreneur.html

Conor McGregor's Next Competitor Is Clothing Brand Champion, Which Is Opposing His Trademark AppConor McGregor may be up against his toughest competitor yet outside the octagon and ring, as he faces off against clothing brand Champion, which has filed an opposition to one of his trademark applications -- The Champ Champ.

[Collection]Conor McGregor may be up against his toughest competitor yet outside the octagon and ring, as he faces off against clothing brand Champion, which has filed an opposition to one of his trademark applications -- The Champ Champ.https://www.forbes.com/sites/darrenheitner/2018/07/11/conor-mcgregors-next-competitor-is-clothing-brand-champion-which-is-opposing-his-trademark-app/

MLB And New Era Release Star-Spangled Hats For 2018 All-Star GameOnce again, MLB has come out with special hats for a big event on their calendar. This time, they have released a pair of hats that will be worn during the festivities for their annual All-Star Game.

[Collection]Once again, MLB has come out with special hats for a big event on their calendar. This time, they have released a pair of hats that will be worn during the festivities for their annual All-Star Game.https://www.forbes.com/sites/demetriusbell/2018/07/11/major-league-baseball-2018-all-star-game-hats-new-era/

Hyundai Motor union warns auto tariffs could hurt US jobsHyundai Motor Co.'s labor union says steep auto tariffs could cost U.S. jobs.

Hyundai Motor Co.'s labor union says steep auto tariffs could cost U.S. jobs.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/P4WOFvmdbW0/hyundai-motor-union-warns-auto-tariffs-could-hurt-us-jobs

Working Through The Pain: Earning A Living While Going Through Personal ChallengesSometimes you have to drag yourself out of bed and go to work no matter what is going on in your personal life.

[Collection]Sometimes you have to drag yourself out of bed and go to work no matter what is going on in your personal life.https://www.forbes.com/sites/forbescommunicationscouncil/2018/07/11/working-through-the-pain-earning-a-living-while-going-through-personal-challenges/

The 5.3 Stages On The Climb To Mastering Your Sales Process DevelopmentThink about this process like climbing Mount Everest. You don’t go to this massive challenge and simply start climbing until you reach the top. You can’t always go up, and sometimes, it’s important to know your limits and climb back down for a while.

[Collection]Think about this process like climbing Mount Everest. You don’t go to this massive challenge and simply start climbing until you reach the top. You can’t always go up, and sometimes, it’s important to know your limits and climb back down for a while.https://www.forbes.com/sites/forbesagencycouncil/2018/07/11/the-5-3-stages-on-the-climb-to-mastering-your-sales-process-development/

Brent oil gains $1 to claw back some lossesOil bounces back after the biggest one-day drop in two years.

Oil bounces back after the biggest one-day drop in two years.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/BLJrWQfBi4Q/brent-oil-gains-1-to-claw-back-some-losses

Broadcom to buy CA Technologies in $19B dealBroadcom will pay $44.50 per share in cash for CA, a 20 percent premium to Wednesday's closing price.

Broadcom will pay $44.50 per share in cash for CA, a 20 percent premium to Wednesday's closing price.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/gF7rlz2vS2E/broadcom-to-buy-ca-technologies-in-19b-deal

American Chef Brings Tantalizing Japanese Food to Westport, CT, at OKOAfter his success with an American restaurant named Cottage in Westport, CT, Brian Lewis has created a highly innovative Japanese menu at OKO across town.

[Collection]After his success with an American restaurant named Cottage in Westport, CT, Brian Lewis has created a highly innovative Japanese menu at OKO across town.https://www.forbes.com/sites/johnmariani/2018/07/11/american-chef-brings-tantalizing-japanese-food-to-westport-ct-at-oko/

Why Cities And States Will Send Trump's Climate Agenda Up In SmokeBritish scholars are concluding that efforts to combat climate change may produce greater results if policymakers focused on local jurisdictions with major polluters. While presidential leadership is still necessary, American cities and states are vowing to meet Paris' standards.

[Collection]British scholars are concluding that efforts to combat climate change may produce greater results if policymakers focused on local jurisdictions with major polluters. While presidential leadership is still necessary, American cities and states are vowing to meet Paris' standards.https://www.forbes.com/sites/kensilverstein/2018/07/11/why-cities-and-states-will-send-trumps-climate-agenda-up-in-smoke/

Could a Surface That Fits in Your Pocket Succeed?A leaked document gives insight on what Microsoft is up to.

A leaked document gives insight on what Microsoft is up to.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/OmaehocIcqM/could-a-surface-that-fits-in-your-pocket-succeed

What's Behind Etsy's Double So Far in 2018?A few fundamental changes have helped Etsy rebound in a big way.

A few fundamental changes have helped Etsy rebound in a big way.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/5E3lU250T9E/whats-behind-etsys-double-so-far-in-2018

From Shawn Stussy to Kanye West, Streetwear Marks Five Decades of DisruptionA report from Trendalytics traces the origins and growth of the surf, skater and hip-hop trend.

[Collection]The genesis of the surf and skate movement goes back to the early Seventies in Los Angeles. But it was in the early Eighties when surfboard maker Shawn Stussy put his brand name on T-shirts and hats that the movement gained momentum in apparel. Today, the trend is known as streetwear and it’s a $309 billion industry that is impacting the global fashion and luxury apparel market, according to a new report from Trendalytics. “Streetwear is hardly a new concept,” authors of the report said. “What began as a social movement in the 1970s, has become an evolving subculture for nearly 50 years. While the aesthetic is made up of T-shirts, baseball caps, hoodies and sneakers, streetwear is about so much more than just the clothing: it’s a lifestyle.” Researchers at the firm describe streetwear as being anchored by “the artists, musicians, DJs and designers who have helped bring the look to life.” They noted that the trend was “born on the shores of California,” but “infiltrated various locations, eventually making its way to the streets of New York City, across Europe’s borders, and throughout Japan.” Analysts at Trendalytics said streetwear as a social movement has “had a universal impact on art, home

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What Millennials Want From RetailersThe generation is maturing, causing shifts in consumer preferences and priorities.

[Collection]What Millennials want, Millennials — should — get. The demographic is increasingly influential as it matures and gains more spending power. With the aging of the demographic come big life events like marriage and having children, which is shaping their shopping behavior. According to a new report, “Building Loyalty with Dynamic Shoppers,” by Valassis, 47 percent of Millennials and 57 percent of Millennial parents have opted to visit a specific retailer for particular types of items. “The competitive retail climate has made it crucial for brands to differentiate and prove their value to customers,” said Curtis Tingle, chief marketing officer of Valassis. “There are a number of variables that impact a consumer’s decision on where to shop. Discounts, offers, communication frequency, channel of engagement and more, all play a role in determining which brands become preferred retailers and reap the rewards of a loyal customer base.” To collect the insights, Valassis in conjunction with NPD polled 1,200 U.S. consumers earlier this year. As current brand loyalty becomes strengthened over time, it will be difficult for competitors to draw consumers away for their preferred shopping locations. “Shoppers reported that to earn their loyalty, it’s critical for retailers to safeguard and protect personal information (76 percent); reward

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Personal Loans Now Fastest Growing Consumer DebtPersonal loans have reached a record high. Here's what it means for you.

[Collection]Personal loans have reached a record high. Here's what it means for you.https://www.forbes.com/sites/zackfriedman/2018/07/11/personal-loans-consumer-debt/

Could TaaS Offset EV Impact On Oil Demand Growth?While there is concern about the potential for growth in electric vehicles (EVs) to suppress oil demand growth, a recent report argues that Transportation as a Service (TAAS) could provide an alternative source of fossil fuel demand.

[Collection]While there is concern about the potential for growth in electric vehicles (EVs) to suppress oil demand growth, a recent report argues that Transportation as a Service (TAAS) could provide an alternative source of fossil fuel demand.https://www.forbes.com/sites/feliciajackson/2018/07/11/could-taas-offset-ev-impact-on-oil-demand-growth/

Smith & Wesson Sales Have at Least Another Year to Go Before RecoveryThe gunmaker says the firearms industry remains exceptionally weak and tied to promotions.

The gunmaker says the firearms industry remains exceptionally weak and tied to promotions.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/v2GVWiKiNnA/smith-wesson-sales-have-at-least-another-year-to-go-before-recovery

Why There Is No Magic Bullet for ChipotleNew CEO Brian Niccol just unveiled his big turnaround plan, but the market was less than impressed.

New CEO Brian Niccol just unveiled his big turnaround plan, but the market was less than impressed.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/YqKKrQhhZ5k/why-there-is-no-magic-bullet-for-chipotle

Can the Yuan Help Retailers as the Trade War Engulfs Fashion?The fashion industry has been targeted in a government list of $200 billion worth of Chinese imports set for 10 percent levies.

[Collection]The weakening Chinese yuan could help fashion retailers offset the latest round of Trump administration tariffs, but it might not be enough to stop the predicted decline in American consumers’ purchasing power if the trade war continues, economists warned Wednesday. After successfully escaping the first round of tariffs on Chinese imports, the U.S. fashion industry wasn’t so lucky the second time, with multiple items — from textiles to handbags to footwear and suitcases — on a list of $200 billion worth of items that are next in the firing line for 10 percent levies. Since the trade war between the U.S. and China began, the fear among industry watchers has been that retailers will be left with little choice but to pass on the higher costs to consumers at a time when the U.S. economy is ticking long nicely and the Federal Reserve continues with its plan to slowly normalize interest rates. Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University, believes that the weaker Chinese yuan could partially offset the 10 percent tariffs that will be implemented in September at the earliest, following two months of hearings. The renminbi fell to 6.67 per dollar on Wednesday after the U.S. made

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Read More...https://wwd.com/business-news/government-trade/can-yuan-help-retailers-as-the-trade-war-engulfs-fashion-1202756263/

Nike Flexes in L.A., Debuts First Ever Nike Live ConceptThe store, dubbed Nike by Melrose, places an intense focus on customer service and a highly personalized experience.

[Collection]LOS ANGELES – Melrose, Nike has arrived. The sportswear firm’s first ever Nike Live concept, which it’s calling Nike by Melrose, officially opens to Los Angeles area residents Thursday with a fashionable assortment tailored specifically for locals based on data, store exclusives and a high-powered stream of technology aimed at making shopping convenient. “First of all, it is really built as a service hub for our local NikePlus Members and it’s designed for them, by them and it’s built for speed and convenience,” said Nike Direct president Heidi O’Neill. “One of the things we learned from consumers when we looked at their engagement with Nike is that they want it fast.” O’Neill pointed to the Nike Sneaker Bar at the center of the store as the biggest example of the company’s desire to speed up and offer a highly customized experience to visitors, where shoes can be quickly scanned, sizes can be culled up and, if it’s not available in store, can be ordered through the app. With Nike by Melrose, the athletic firm’s play ties together a suite of already existing services via apps such as the Nike App, SNKRS, Nike Run Club and Nike Training Club into the 4,557-square-foot Melrose Avenue door. Customers can also

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Read More...https://wwd.com/business-news/retail/nike-live-concept-arrives-on-melrose-avenue-1202756744/

Papa John's founder John Schnatter resigns as chairman of company's board after apologizing for racial slurPapa John's founder John Schnatter has resigned as chairman of his company's board after admitting and apologizing for using the N-word during a May conference call.[Collection]

Papa John's founder John Schnatter has resigned as chairman of his company's board after admitting and apologizing for using the N-word during a May conference call.https://www.cnbc.com/2018/07/10/papa-johns-founder-john-schnatter-resigns-as-chairman-of-company-boar.html

Could TaaS Offset EV Impact On Oil Demand Growth?While there is concern about the potential for growth in electric vehicles (EVs) to suppress oil demand growth, a recent report argues that Transportation as a Service (TAAS) could provide an alternative source of fossil fuel demand.

3 Top Stocks Wall Street Is OverlookingInvestors are looking past these three solid companies right now. We think it's time for investors to take advantage of that.

Investors are looking past these three solid companies right now. We think it's time for investors to take advantage of that.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/GUW8ge3OjRs/3-top-stocks-wall-street-is-overlooking

The Latest: Woman gets prison in pipeline protest shootingThe Latest on the sentencing of a woman accused in a Dakota Access oil pipeline protest shooting (all times local): 7:10 p.m.

The Latest on the sentencing of a woman accused in a Dakota Access oil pipeline protest shooting (all times local): 7:10 p.m.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/APRIbEkVf54/the-latest-woman-gets-prison-in-pipeline-protest-shooting

It's Time To Increase Transparency In Online AdvertisingThe rising popularity of a digital world doesn’t necessarily have to mean that customers must give up their privacy.

[Collection]The rising popularity of a digital world doesn’t necessarily have to mean that customers must give up their privacy.https://www.forbes.com/sites/forbesagencycouncil/2018/07/11/its-time-to-increase-transparency-in-online-advertising/

Study: Medicare Advantage Cut ER Visits 33% Compared To Fee-For-ServiceSeniors enrolled in private Medicare Advantage plans had 33% fewer emergency room visits and 23% fewer stays in a hospital than those enrolled in traditional fee-for-service Medicare, Avalere Health says.

[Collection]Seniors enrolled in private Medicare Advantage plans had 33% fewer emergency room visits and 23% fewer stays in a hospital than those enrolled in traditional fee-for-service Medicare, Avalere Health says.https://www.forbes.com/sites/brucejapsen/2018/07/11/study-medicare-advantage-cut-er-visits-33-compared-to-fee-for-service/

Why National Beverage Isn't Done GrowingThis unconventional beverage company can sustain its bullish trajectory thanks to an evolving product mix.

This unconventional beverage company can sustain its bullish trajectory thanks to an evolving product mix.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/Ztz4_hzyKz0/why-national-beverage-isnt-done-growing

California fire victims want utility liability law to remainVictims of California's deadliest wildfires joined politicians on Wednesday to urge state lawmakers to stop trying to overhaul liability laws on wildfires.

Victims of California's deadliest wildfires joined politicians on Wednesday to urge state lawmakers to stop trying to overhaul liability laws on wildfires.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/rf95jU7htlc/california-fire-victims-want-utility-liability-law-to-remain

U.S. Manufacturers Are Not ReshoringImports of manufactured goods into the United States from the 14 largest low-cost-country trading partners in Asia rose by a staggering $55 billion, or 8 percent - the largest one-year increase since the economic recovery of 2011. Despite tariffs and political pressure, reshoring is not happening.

[Collection]Imports of manufactured goods into the United States from the 14 largest low-cost-country trading partners in Asia rose by a staggering $55 billion, or 8 percent - the largest one-year increase since the economic recovery of 2011. Despite tariffs and political pressure, reshoring is not happening.https://www.forbes.com/sites/stevebanker/2018/07/11/u-s-manufacturers-are-not-reshoring/

This Summer's Box Office Superhero Wears A Red Sweater, Not A Red CapeWhy the real on-screen heroes of summer 2018 are named Rogers, Ginsburg and Houston

[Collection]Why the real on-screen heroes of summer 2018 are named Rogers, Ginsburg and Houstonhttps://www.forbes.com/sites/jamos/2018/07/11/this-summers-box-office-superhero-wears-a-red-sweater-not-a-red-cape/

Spotify's Drake Problem Is Bigger Than You ThinkWith Apple Music on its heels, Spotify can't afford to anger subscribers.

With Apple Music on its heels, Spotify can't afford to anger subscribers.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/Vn7cRHsJPfc/spotifys-drake-problem-is-bigger-than-you-think

Is NIKE, Inc. a Buy?Should you chase the footwear maker’s red-hot stock?

Should you chase the footwear maker’s red-hot stock?http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/k-_c-auEmpM/is-nike-inc-a-buy

This Summer's Box Office Superhero Wears A Red Sweater, Not A Red CapeWhy the real on-screen heroes of summer 2018 are named Rogers, Ginsburg and Houston

Two Steps Brands Need To Take When Leveraging UGC For StorytellingUGC can scale your content team quickly, turning one social media manager or content producer into a team of hundreds. It can unlock access to different vantage points and tell a story from every angle.

[Collection]UGC can scale your content team quickly, turning one social media manager or content producer into a team of hundreds. It can unlock access to different vantage points and tell a story from every angle.https://www.forbes.com/sites/forbesagencycouncil/2018/07/11/two-steps-brands-need-to-take-when-leveraging-ugc-for-storytelling/

Tips For Relaunching Your Crowdfunding CampaignKeep your audience interested and coming back wanting more.

[Collection]Keep your audience interested and coming back wanting more.https://www.forbes.com/sites/theyec/2018/07/11/tips-for-relaunching-your-crowdfunding-campaign/

Top Renewable Energy Financiers Reveal Pathway To $1 Trillion In U.S. InvestmentA new financial sector survey shows strong confidence that renewable energy will be an increasingly attractive investment in the U.S. and could attract $1 trillion in cumulative private investment between 2018 and 2030.

[Collection]A new financial sector survey shows strong confidence that renewable energy will be an increasingly attractive investment in the U.S. and could attract $1 trillion in cumulative private investment between 2018 and 2030.https://www.forbes.com/sites/energyinnovation/2018/07/11/top-renewable-energy-financiers-reveal-pathway-to-1-trillion-in-u-s-investment/

A Non-FTSE 100 Dividend Stock Yielding More Than 9% That I'd Buy TodayThis growth stock yielding in excess of 9% over the next couple of years is good to miss.

[Collection]This growth stock yielding in excess of 9% over the next couple of years is good to miss.https://www.forbes.com/sites/roystonwild/2018/07/11/a-non-ftse-100-dividend-stock-yielding-more-than-9-that-id-buy-today/

Closed-End Funds vs. ETFs: Why Not Both?This article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/Fg9kwjzfbmc/closed-end-funds-vs-etfs-why-not-both

5 Reasons to Consider A China Investment NowThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/oT4-zSlSKcA/5-reasons-to-consider-a-china-investment-now

Forbes Releases 2018 List of America's Richest Self-Made Women, A Ranking of the Most Successful Women Entrepreneurs in the CountryFeatured on the cover: Kylie Jenner,who at not even 21 years old has built a $900 million cosmetics fortune #SelfMadeWomen NEW YORK (July 11, 2018) – Forbes released today its fourth annual list ofAmerica’s Richest Self-Made Women. These 60 women, who have a record combined net worth of $71 billion, up 15% [...]

[Collection]Featured on the cover: Kylie Jenner,who at not even 21 years old has built a $900 million cosmetics fortune #SelfMadeWomen NEW YORK (July 11, 2018) – Forbes released today its fourth annual list ofAmerica’s Richest Self-Made Women. These 60 women, who have a record combined net worth of $71 billion, up 15% [...]https://www.forbes.com/sites/forbespr/2018/07/11/forbes-releases-2018-list-of-americas-richest-self-made-women-a-ranking-of-the-most-successful-women-entrepreneurs-in-the-country/

Good Morning, China! Make That $200 BillionTrump threatens more tariffs on Made in China goods. China's stock market takes another hit, as bears come out in full force in Shanghai.

[Collection]Trump threatens more tariffs on Made in China goods. China's stock market takes another hit, as bears come out in full force in Shanghai.https://www.forbes.com/sites/kenrapoza/2018/07/11/trumps-new-tariffs-on-china-200-billions/

Broadcom To Buy Enterprise Software Firm CA For $18.9 Billion
Chipmaker Broadcom announced late Wednesday that it plans to buy enterprise software firm CA Technologies for $18.9 billion in cash to create a leading infrastructure technology company.

The post Broadcom To Buy Enterprise Software Firm CA For $18.9 Billion appeared first on Investor's Business Daily.

[Collection]

Chipmaker Broadcom (AVGO) announced late Wednesday that it plans to buy enterprise software firm CA Technologies (CA) for $18.9 billion in cash to create a leading infrastructure technology company.

CA shares jumped over 16% to about 43.25 in after-hours trading on the stock market today after the Wall Street Journal reported a possible deal. Broadcom stock sank nearly 6% to 229 on the news.

Under the terms of the agreement, CA's shareholders will receive $44.50 per share in cash. That represents a premium of about 20% to CA's closing price on Wednesday.

The deal has been approved by the boards of directors of both companies. The transaction is subject to customary closing conditions, including the approval of CA shareholders and antitrust approvals in the U.S., European Union and Japan. It is expected to close in the fourth quarter.

"This transaction represents an important building block as we create one of the world's leading infrastructure technology companies," Broadcom Chief Executive Hock Tan said in a news release. "With its sizeable installed base of customers, CA is uniquely positioned across the growing and fragmented infrastructure software market, and its mainframe and enterprise software franchises will add to our portfolio of mission critical technology businesses."

He added, "We intend to continue to strengthen these franchises to meet the growing demand for infrastructure software solutions."

Change In Acquisition Strategy

The purchase marks a major change in Broadcom's acquisition strategy. It usually buys other semiconductor companies. CA makes information technology management software. Broadcom is a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial markets.

RBC Capital Markets analyst Amit Daryanani said the deal is a head-scratcher.

"While we understand the logic behind the attractive free-cash-flow stream at CA, investors will wrestle (with the) strategic rationale," he said in a note to clients.

Big questions that need to be answered by Broadcom include: Why is it moving into the software space and how does this business mesh with its core operations?

Investors also will want to know how broad the company plans to move beyond semiconductors in future mergers and acquisitions, Daryanani said.

The acquisition comes just months after President Donald Trump blocked Broadcom's $117 billion purchase of wireless-chip maker Qualcomm (QCOM) on national security grounds. Broadcom recently moved its headquarters from Singapore to San Jose, Calif.

Broadcom said the CA acquisition will be immediately accretive to its adjusted earnings per share. It also will help Broadcom drive its long-term adjusted profit margins above 55%.

It will fund the deal with $18 billion in new debt financing plus cash on hand. Broadcom expects to maintain an investment grade rating, given its strong cash flow generation and intention to rapidly de-leverage, the company said.

The post Broadcom To Buy Enterprise Software Firm CA For $18.9 Billion appeared first on Investor's Business Daily.

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Pfizer Opts To Defer Price Hikes Amid Trump Scrutiny — So, Who's Next?
An agreement by Dow Jones component Pfizer to defer drug price increases in an effort to play nice with President Donald Trump led analysts Wednesday to question what the fallout of the drug giant's action would be for the industry.

The post Pfizer Opts To Defer Price Hikes Amid Trump Scrutiny — So, Who's Next? appeared first on Investor's Business Daily.

[Collection]

An agreement by Dow Jones component Pfizer (PFE) to defer drug price increases in an effort to play nice with President Donald Trump led analysts Wednesday to question what the fallout of the drug giant's action would be for the industry.

Analysts wondered whether other pharmaceutical companies would follow Pfizer's example. Though, notably, Celgene (CELG) is still going ahead with 5% increases for blockbuster cancer drugs Revlimid and Pomalyst, RBC Capital Markets analyst Brian Abrahams said in a report.

"Pfizer's unprecedented reversal of its early July price increases marks tangible administrative influence," Morgan Stanley analyst David Risinger said in his report to clients. He noted Pfizer is awaiting more details from a so-called blueprint to tug down drug prices in the U.S.

Late Tuesday, Pfizer said Chief Executive Ian Read had an extensive discussion with Trump, leading the company to back off price increases on drugs that had been effective July 1. Earlier in the week, Trump attacked Pfizer and others for raising "drug prices for no reason."

"Pfizer shares the president's concern for patients and commitment to providing affordable access to the medicines they need," Read said in a written statement. He also noted Pfizer had committed $5 billion of capital to expand manufacturing in the U.S.

Criticism About 'Sweetheart' Deal

But not everyone jived with Pfizer's and Trump's announcements.

Sen. Ron Wyden, D-Ore., called on Pfizer and the Trump administration to reveal the details of the arrangement that led Pfizer to back off drug prices increases.

"Secret, sweetheart arrangements with Big Pharma companies are exactly why America's drug pricing system is broken," he tweeted. "Trump and his Admin are busy trying to score cheap PR points why Pharma (companies) continue to raise prices by DOUBLE digits."

Pfizer stock dipped 0.6% at the close, to 37.21. Broadly, shares of pharmaceutical companies fell about the same amount on the stock market today.

Will Pharmaceutical Companies Follow?

Trump renewed his pledge in May to lower the cost of prescription medicine in the U.S. At the time, analysts largely said the proposed blueprint appeared to be more rhetoric than reform.

Morgan Stanley's Risinger believes Pfizer's U.S. price increase reversal could have slightly negative implications for the second-quarter earnings season. He notes Pfizer's updated guidance commentary will be key later this month.

"In addition, the news could put a near-term damper on future price increase action by other pharma-bio companies," he said. "But Pfizer indicated that its action is temporary since it only committed to keeping prices unchanged through the end of 2018."

Other pharmaceutical companies could also rethink their 2019 guidance, he said.

"Whether manufacturers limit themselves to one price increase per year or hold off entirely on customary January increases is key swing factor to earnings which we think is underestimated by the market," he said.

Even Celgene's price increases for Revlimid and Pomalyst remain in line with 2018 medical inflation of 5.3%, RBC's Abrahams said. They are also below historical increases. Meanwhile, Gilead Sciences (GILD) joined Pfizer and walked back on planned price increases, he noted.

"We see this more reserved price increase and increased transparency as potentially tempering headline risk and public scrutiny, as has been experienced by Pfizer, and it's in line with our view that companies will self-police in price increases to a much larger degree from now on," he said.

Pfizer Restructuring In 2019

Also Wednesday, Pfizer announced it would split its business into three distinct units in 2019 as it contends with looming losses of exclusivity. Under the restructuring, Pfizer's Innovative Medicines division will include biosimilars, anti-infection drugs and sterile injectables. Its Established Medicines unit will include off-patent branded and generic drugs, Finally, the company's Consumer Healthcare branch will hold all over-the-counter medicines.

Innovative Medicines will run all the current Innovative Health businesses as well as the new Hospital Medicines business unit. Pfizer will also incorporate its biosimilar portfolio into its Oncology, and Inflammation and Immunology units.

Established Medicines will hold the majority of Pfizer's off-patent drugs. This includes Lyrica, cholesterol drug Lipitor, high blood pressure drug Norvasc and erectile dysfunction drug Viagra. The business will run globally.

The unit is meant to operate "as a true stand-alone business within Pfizer," the company said in a news release. It will have its own manufacturing, marketing, regulatory and, with some exceptions, enabling functions.

Consumer Healthcare, on the other hand, differs from Pfizer's two prescription medicine businesses, Pfizer said. The firm confirmed it's still mulling strategic alternatives for this unit. It expects to make a decision before the end of the year.

"Trends in consumerism and an increased focus on staying healthy are causing consumers to seek easily accessible health and wellness solutions," the firm said. "The company believes this business is well positioned to continue its growth."

How To Trade Stocks: Why Most Penny Stocks Fail To Make Investors Rich

New Option Strategy Limits Risk Around Earnings

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Mr. Musk Goes To China, But It Is Too Late For Tesla To Ride The Chinese EV BoomTesla is by far the dominant player in BEVs in the U.S., and I estimate their share of the nascent U.S. purely-electric BEV market at an incredible 75%, but Tesla does not even crack the list of top 10 pure electric vehicles sales in China

[Collection]Tesla is by far the dominant player in BEVs in the U.S., and I estimate their share of the nascent U.S. purely-electric BEV market at an incredible 75%, but Tesla does not even crack the list of top 10 pure electric vehicles sales in Chinahttps://www.forbes.com/sites/jimcollins/2018/07/11/mr-musk-goes-to-china-but-it-is-far-too-late-for-tesla-to-ride-the-chinese-ev-boom/

Beyond Millennials: Influencer Marketing For Older GenerationsDespite all the millennial buzz, the real powerhouses in spending are the older generations.

[Collection]Despite all the millennial buzz, the real powerhouses in spending are the older generations.https://www.forbes.com/sites/forbesagencycouncil/2018/07/11/beyond-millennials-influencer-marketing-for-older-generations/

Netflix Earnings Report Next Possible Catalyst For Stock
Internet television network Netflix has seen its shares surge to record high territory ahead of its second-quarter earnings report, due on Monday. Whether Netflix stock continues its ascent will depend on the company's Q2 results and guidance, analysts say.

The post Netflix Earnings Report Next Possible Catalyst For Stock appeared first on Investor's Business Daily.

[Collection]

Internet television network Netflix (NFLX) has seen its shares surge to record-high territory ahead of its second-quarter earnings report, due after the market close on Monday. Whether Netflix stock continues its ascent will depend on the company's results and guidance, analysts say.

Netflix stock rose 0.7% to close at 418.65 on the stock market today. It hit a record high of 423.21 on June 21.

The Los Gatos, Calif.-based company has forecast adding 6.2 million subscribers in the second quarter. That would boost its total to 131.2 million subscribers worldwide.

Analysts expect Netflix to earn 79 cents a share on sales of $3.94 billion for the June period. In the year-earlier quarter, it earned 15 cents a share on sales of $2.79 billion.

For the September quarter, Wall Street is modeling Netflix to earn 74 cents a share on sales of $4.14 billion. That compares with earnings per share of 29 cents on sales of $2.98 billion in the year-earlier period.

Netflix Stock A Battleground

Netflix has been a battleground stock as bears and bulls clash over its proper valuation. Bears say the stock is overvalued because the company is burning through cash at a blistering pace as it ramps up production of original content. Bulls say Netflix is the clear winner in the shift from linear television to on-demand streaming video.

Nomura Instinet analyst Mark Kelley on Wednesday initiated coverage of Netflix with a neutral rating. He set a price target of 370.

"Netflix's expansion has been an undeniable success story, and we think that significant opportunity remains for both subscriber growth and ARPU (average revenue per user) increases," he said in a report. "However, the company faces intense competition, a maturing U.S. market, and the potential for a longer-than-expected international ramp. As such, the stock's near all-time high valuation leaves us cautious in the near term."

Netflix's competitors include Amazon.com (AMZN) and Hulu today, with Apple (AAPL) and Walt Disney (DIS) entering the market next year.

'Highly Attractive' Stock

Also Wednesday, GBH Insights analyst Daniel Ives reiterated his "highly attractive" rating on Netflix stock with a price target of 500.

He predicted that Netflix "will handily beat" Wall Street's consensus estimates for the second quarter.

Monness Crespi Hardt analyst Brian White on Monday maintained his buy rating and price target of 460 on Netflix stock.

"Netflix's stock is up 113% year to date and thus needs another quarter of strong results to keep the stock moving in an upward trajectory," he said in a report. "In our view, the combination of engaging new content, momentum in overseas markets and a business model that is successfully scaling on a global basis has given the market enough ammunition to expand the stock's valuation."

Netflix Stock Seen As Fairly Valued Ahead Of Likely Solid Earnings Report

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Activision Signs Esports Broadcast Deal With Disney For Overwatch League
Video game publisher Activision Blizzard on Wednesday signed a deal with Walt Disney to broadcast Overwatch League esports matches on the ESPN and Disney XD cable channels.

The post Activision Signs Esports Broadcast Deal With Disney For Overwatch League appeared first on Investor's Business Daily.

[Collection]

Video game publisher Activision Blizzard (ATVI) on Wednesday signed a deal with Walt Disney (DIS) to broadcast Overwatch League esports matches on the ESPN and Disney XD cable channels.

The multiyear deal for live coverage of the Overwatch League will begin July 11 with the start of playoffs for inaugural season of the city-based esports league. The finals will take place July 27 and 28 at the Barclays Center in Brooklyn, N.Y.

"The Overwatch League Grand Finals is by far our most comprehensive television distribution for an esports event over a single weekend: 10 total hours over four networks and three days," said Justin Connolly, a marketing vice president for Disney and ESPN Media Networks, in a news release. The finals will be broadcast live on ESPN, ESPN2, ESPN3 and Disney XD. A highlights recap also will air on ABC. ESPN and Disney network subscribers also will be able to stream the matches live on the ESPN App and DisneyNow.

The first team to win two best-of-five matches at Barclays Center will take home the Overwatch League trophy. It also gets the lion's share of the $1.4 million Grand Finals prize pool. The esports league was built around the popular video game "Overwatch" from Activision's Blizzard Entertainment division.

Activision Gets Price-Target Hike

Activision shares rose 3.2% to close at 78.61 on the stock market today. The stock broke out of a cup-with-handle base and buy point of 73.60 on June 4.

Also Wednesday, investment bank Morgan Stanley reiterated its overweight rating on Activision stock and raised its price target to 80 from 75.

"We see 2018 being driven by 1) Strong performance from 'Call of Duty: Black Ops 4,' 2) Blizzard's 'Overwatch,' 3) 'World of Warcraft' expansion, and 4) Continued strong 'Candy Crush' performance, and new titles at King," the firm said in a report to clients.

Video Game Stocks Seen As Potential Media Company Acquisition Targets

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5 Reasons to Consider A China Investment NowThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/oT4-zSlSKcA/5-reasons-to-consider-a-china-investment-now

Beyond Millennials: Influencer Marketing For Older GenerationsDespite all the millennial buzz, the real powerhouses in spending are the older generations.

Activision Signs Esports Broadcast Deal With Disney For Overwatch League
Video game publisher Activision Blizzard on Wednesday signed a deal with Walt Disney to broadcast Overwatch League esports matches on the ESPN and Disney XD cable channels.

The post Activision Signs Esports Broadcast Deal With Disney For Overwatch League appeared first on Investor's Business Daily.

[Collection]

Video game publisher Activision Blizzard (ATVI) on Wednesday signed a deal with Walt Disney (DIS) to broadcast Overwatch League esports matches on the ESPN and Disney XD cable channels.

Activision Gets Price-Target Hike

Activision shares rose 3.2% to close at 78.61 on the stock market today. The stock broke out of a cup-with-handle base and buy point of 73.60 on June 4.

Also Wednesday, investment bank Morgan Stanley reiterated its overweight rating on Activision stock and raised its price target to 80 from 75.

Video Game Stocks Seen As Potential Media Company Acquisition Targets

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Change In Acquisition Strategy

Criticism About 'Sweetheart' Deal

Will Pharmaceutical Companies Follow?

Pfizer Restructuring In 2019

Netflix Stock A Battleground

'Highly Attractive' Stock

Activision Gets Price-Target Hike

Activision Gets Price-Target Hike

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