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  • Personal Finance

    When grandparents show their love through gifts, when does it become too much?

    When grandparents show their love through gifts, when does it become too much?

    Grandparents, self-restraint and if there’s such thing as too many toys.

    Does insurance cover your stolen packages? It depends

    Does insurance cover your stolen packages? It depends

    Millions of packages are stolen off of porches each year.

  • Inside MarketWatch

    Analyst worries that Kroger comment will lead the grocer down the same path as Sears

    Equifax breach was ‘entirely preventable,’ congressional report says

    CBS to sell Television City complex to L.A.-based developer for $750 million

    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.

    Analyst worries that Kroger comment will lead the grocer down the same path as Sears

    Aurora Cannabis stock fails to hold gains after company unveils plan to buy Mexican partner management put on notice by activist hedge fund 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. 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 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, agreed to install members recommended by Starboard to its board.

    Travel retailer Hudson doesn't have to worry about Amazon Go stores heading to airports, analysts say

    Hudson Ltd. , a leading travel retailer, doesn't need to be too concerned about a Reuters report that 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.

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