Grandparents, self-restraint and if there’s such thing as too many toys.
Millions of packages are stolen off of porches each year.
CBS Corp. said late Monday it has agreed to sell its 25-acre production studio complex CBS Television City and sound stage operation to Los Angeles real estate developer Hackman Capital Partners for $750 million. Privately held Hackman will also have the rights to use the Television City trademark in connection with its operations on the property, CBS said in a statement. CBS programs will continue to be produced on the Television City complex for at least the next five years, the company said. Series produced at Television City include daytime hits such as "The Price is Right" and "The Young and The Restless." CBS is also to retain office space for CBS Studios International's U.S. headquarters and other company departments currently on site. "The sale of Television City unlocks significant value, increasing CBS's financial flexibility, including the ability to redeploy capital for strategic growth initiatives such as additional content investment," acting Chief Executive Joseph Ianniello said in a statement. The deal is expected to close by early 2019. Shares of CBS rose 1.5% in the extended session after ending the regular trading day down 2.3%. Hackman focuses on commercial and industrial projects and notable projects include Culver Studios, a 14-acre film and television studio campus home of Amazon Studios.
Cars.com Inc. shares ticked higher in the extended session Monday after one the company's largest investors told it to return to growth or face possible management changes. Cars.com shares rose 1.6% after hours, following a 1.4% decline to close the regular session at $23.98. Hedge fund Starboard Value, which owns 9.2% of outstanding shares, told Cars.com in a letter that the company has seen customer losses and revenue declines for nearly two years while operating expenses have risen, all while missing targets. Starboard said that if the business was properly managed it "should easily be able" to achieve about $4 a share of adjusted free cash flow by the end of 2020. "If you believe that the company's true earnings potential is not achievable because recent execution issues will continue in the future, then it is the board's duty to address the source of the problem by making management changes, rather than tolerating results which are unacceptable for shareholders," Starboard said in its letter. Back in March, Cars.com agreed to install members recommended by Starboard to its board.
Hudson Ltd. , a leading travel retailer, doesn't need to be too concerned about a Reuters report that Amazon.com Inc. will be adding its cashier-less Go stores to airports, analysts say. According to Reuters, Amazon is "evaluating top U.S. airports for new locations." UBS analysts question whether this is feasible for a few reasons. First, customers might not have access to a credit card or Go account while in transit, which would hinder their ability to make a purchase. Though a small portion of travelers, the "underbanked," those who don't have a credit or debit card, wouldn't be able to shop at a Go store. And third, according to UBS, the high cost of Go store technology coupled with fees to airport operators would make building a Go store difficult and expensive for Amazon. "Thus we think the headline risk is bigger than the actual risk for Hudson, at least in the near-term," UBS wrote. Hudson has just under 40% of travel retail market share, UBS says. Analysts rates Hudson stock buy with a $27 price target. Credit Suisse thinks the Go format would be difficult for Amazon to scale, and, moreover, undercutting the high prices that are typical in an airport won't help to cover operating costs. "[T]he concession fee paid to airports typically is some percent of revenue," Credit Suisse wrote. "In our view, lower prices likely wouldn't mean more revenue for the whole airport." Credit Suisse rates Hudson shares outperform with a $24 price target. Hudson shares are up 2.8% in Monday trading, but down 17.7% for the last three months. Hudson stock went public in February. The S&P 500 index has dropped 8.6% in the past three months.
Treasury yields held their ground Monday after stocks came off their lows, offsetting the geopolitical jitters from U.K. Prime Minister Theresa May...
U.S. stocks staged a late-day comeback Monday to push equity benchmarks into positive territory, as semiconductor shares drove the tech-heavy Nasda...
Cars.com Inc. shares ticked higher in the extended session Monday after one the company's largest investors told it to return to growth or face po...
CBS Corp. said late Monday it has agreed to sell its 25-acre production studio complex CBS Television City and sound stage operation to Los Angele...
The market rebounded from the deep losses seen Monday morning, leaving all three major indexes in positive territory by the end of the day.
Hedge-fund titan Paul Tudor Jones sees global credit risks and falling commodity prices pushing stocks down.
Google has been largely absent from Capitol Hill’s tech debate. On Tuesday, CEO Sundar Pichai will testify in front of the House Judiciary Committee.
After being down more than 500 points, the blue-chip benchmark is trying to close in positive territory.
Nearly 1 million people filed for disability benefits they ordinarily wouldn’t have due to the recession, a new study finds.
The White House will nominate a senior Treasury Department official to serve as chairman of the Commodity Futures Trading Commission after the term...
A new study by Merrill Lynch looks at our relationship with finance and romance.
Online dating sites say there’s usually a surge in people who sign up in December and January.
‘First dates should be short and sweet — no more than two hours long max.’
Wages aren’t keeping pace with many Americans’ credit-card debt.
|30 yr fixed Jumbo||4.71%|
|30 yr fixed||4.59%|
|15 yr fixed||3.94%|
|10 yr fixed||3.94%|
|30 yr fixed refi||4.63%|
|15 yr fixed refi||3.95%|
|5/1 ARM refi||4.12%|
|$30K Home Equity Loan||4.24%|
|$50K Home Equity Loan||3.49%|
|$75K Home Equity Loan||3.49%|
|$100K Home Equity Loan||3.70%|
|5 yr CD||2.01%|
|2 yr CD||1.49%|
|1 yr CD||1.30%|
|MMA Savings Jumbo||0.70%|
|60 Mo Used Car||4.39%|
|48 Mo Used Car||4.61%|
|36 Mo Used Car||4.60%|
|72 Mo New Car||4.79%|
|60 Mo New Car||4.78%|
|48 Mo New Car||4.66%|
|60 Mo Auto Refi||3.00%|
|36 Mo Auto Refi||3.75%|
|Avg APR||Last Wk||6 Mnths|
Quentin Fottrell answers your questions about inheritance, tipping, weddings, re-gifting, or any tricky money issues relating to family and friends. Have a question? Send it to the Moneyist.
This couple has lived in their New York condo for 13 years and have always tipped generously every holiday season.
‘I thought that my son, whom I always put before me and financially supported, would not be such a heartless and greedy person.’
This Texas woman makes $12 an hour and is exasperated that her husband is not investing in their family’s future.
Should he split his estate equally or give his youngest daughter preference?
There are lots of moving parts to the FIRE movement, but one crucial step toward achieving that coveted status is as easy to understand as it is di...
Try these 4 strategies to help you put away more money and reach your retirement goal.
Tax laws for splitting couples are turning upside down—here are some tips on how to handle them.
The high cost of bad advice.
Sources tell the Wall Street Journal that Mark Calabria, Vice President Mike Pence’s economist, may be named head of the Federal Housing Finance Ag...
Homeowners facing foreclosure won't be evicted over the holiday season if their mortgages are owned by Fannie Mae or Freddie Mac . The two governm...
One part of the country continues to draw people from other parts of the U.S.
Why 2019 may not lead to a home buyer’s market.