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Nasdaq 1st Quarter Earnings: What to Expect

“This compares to the year-ago quarter when earnings came to $1.11 per share on revenue of $583 million” writes Richard Saintvilus for nasdaq.com. After a record-breaking year last year, during which it reported four straight earnings beats, Nasdaq is looking to extend that momentum into 2018.For the three months that ended March, Wall Street expects the Nasdaq to deliver adjusted earnings of $9.31 per share on revenue of $645.49 million.Elsewhere, analysts will focus on the first quarter subscription and recurring revenues, which has been growing high mid-single digits. Source: nasdaq.com Share…

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ASCAP Names Nicholas Lehman Chief Strategy & Digital Officer

“Under this role he will report directly to ASCAP CEO Elizabeth Matthews and oversee strategy business development, product development and administration services” writes Colin Stutz for billboard.com. ASCAP, the American Society of Composer, Authors and Publishers, announced on Friday (April 20) it has appointed Nick Lehman as executive vice president and chief strategy & digital officer. Lehman most recently worked as chief strategy officer for broadcast, digital media and marketing services company TEGNA. He was previously president of digital for NBCUniversal, CEO of Plum TV and COO of Programming for…

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GoPro stock jumps after report of acquisition interest

“GPRO, +7.19% are up 6.5% in midday trading Thursday after a report from the Information said that Chinese company Xiaomi has considered making an acquisition offer” writes Emily Bary for marketwatch.com. Xiaomi doesn’t want to overpay for the company, the Information reported, citing someone familiar with the matter.The Information also wrote that Chinese drone company DJI wasn’t interested in buying GoPro, whose CEO expressed openness in a strategic option such as a sale. GoPro shares are down 41% over the past 12 months, while the S&P 500 SPX, +0.83% has…

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China and Russia have forged a military ‘partnership’ — and they want the US to pay attention

“Associated Press China’s defense minister met his Russian counterpart in Moscow on Tuesday to “let the Americans know about the close ties between the armed forces of China and Russia,” according to the Associated Press” writes Daniel Brown for businessinsider.com. “I am visiting Russia as a new defense minister of China to show the world a high level of development of our bilateral relations and firm determination of our armed forces to strengthen strategic cooperation,” China’s new defense minister, Gen.Chinese Foreign Minister Wang Yi and Russian Foreign Minister Sergei Lavrov…

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J.M. Smucker pays up for Nutrish pet-food brand, may sell Pillsbury division

“J.M. Smucker Co. will pay almost $2 billion for Ainsworth Pet Nutrition, a premium pet food company known for its Nutrish brand pitched by Rachael Ray, and will consider selling its baking division that is led by the Pillsbury brand” writes Jeremy C for marketwatch.com. The stock has declined 5.4% in the past year, as the S&P 500 index SPX, +1.16%   has gained 10.8%.Smucker stock fell about 1% in late trading Wednesday after the deal was announced, following a close at $123.70; shares registered little premarket action Thursday.Smucker recently…

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Swiss Re says SoftBank stake won’t exceed 10%, talks at early stage

“Through its investment arm centered on the Vision Fund, the world’s largest private equity fund, SoftBank has already funneled $27.5 billion into tech firms around the world” writes Philipp Schmidli for cnbc.com. The reinsurer said that the minority investment was “currently expected not to exceed 10 percent” and that the two companies were also exploring strategic cooperation.The potential deal of a stake by SoftBank would underscore SoftBank’s ambitions to broaden its investments, which already include its $93 billion Vision Fund for technology projects.”There is no certainty that any minority investment…

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Don’t worry, the US would win a nuclear war with Russia

“In a nuclear war with Russia, U.S. victory would remain the most likely outcome” writes Phil Sandlin Associated for washingtonexaminer.com. The second weakness of Russian nuclear forces is that they are underfunded and less competent than their U.S. counterparts.Correspondingly, in the event of war, Russian strategic bombers would find themselves highly vulnerable to detection, interception, and destruction by U.S. fighter interceptors.Similarly, Russian nuclear strategic submarine, or SSBN, forces are also less adept than their U.S. counterparts.Ultimately, Petrov’s courage speaks to the broader issue: the horror of nuclear war. Source: washingtonexaminer.com Share…

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McCormick to use some tax savings to pay out bonuses, raise wages

“McCormick said it will also use the tax savings to make strategic investments, return cash to shareholders and pay down debt” writes Reporter Editor for marketwatch.com. MKC, +1.18% said Tuesday it will use “a portion” of the savings from recent tax legislation to pay out $1,000 bonuses in May to eligible U.S. hourly employees.The company didn’t provide details on what amount or the percentage of the tax savings will go to employees.The spices and seasoning mixes company said it would also accelerate wage increases for hourly employees.The company said “the…

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Exclusive: Vivendi ready to support other investor-backed strategy at Telecom Italia to boost share price

“FILE PHOTO – The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris Thomson Reuters MILAN (Reuters) – Telecom Italia’s main shareholder Vivendi believes in the phone company’s new strategic plan but is ready to consider any move supported by shareholders to boost its share price, a Vivendi spokesman told Reuters on Monday” reports businessinsider.com. Last week activist fund Elliott Advisors said it had taken a stake in Telecom Italia (TIM) and was ready to replace board members in a drive to improve strategy,…

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