Economy of the United States

Lee Enterprises to Buy Berkshire Hathaway Newspaper Operations; Berkshire Hathaway to Finance All Debt

Wednesday, January 29, 2020 - 11:45am

Berkshire Hathaway is providing approximately $576 million in long-term financing to Lee at a 9% annual rate.

Key Points: 
  • Berkshire Hathaway is providing approximately $576 million in long-term financing to Lee at a 9% annual rate.
  • The transaction also includes The Buffalo News, Western New Yorks premier news source, which is separately owned by Berkshire Hathaway.
  • As a result, Lee will benefit from a stronger financial profile and be positioned to de-lever more rapidly.
  • We have enjoyed a strong, long-term relationship with Berkshire Hathaway, which has been a significant investor across our capital structure for years.

Verizon Communications to report earnings January 30

Wednesday, January 29, 2020 - 12:00pm

NEW YORK, Jan. 29, 2020 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report fourth-quarter 2019 earnings on Thursday, January 30.

Key Points: 
  • NEW YORK, Jan. 29, 2020 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report fourth-quarter 2019 earnings on Thursday, January 30.
  • The company will present results on a webcast beginning at 8:30 a.m. Eastern Time.
  • Access instructions and presentation materials, including Verizons earnings news release, will be available at 7:00 a.m. on Verizons Investor Relations website, https://www.verizon.com/about/investors .
  • Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the worlds leading providers of technology, communications, information and entertainment products and services.

Comtech Telecommunications Corp. Promotes Michael Porcelain to President

Wednesday, January 29, 2020 - 12:00pm

January 29, 2020-- Comtech Telecommunications Corp. (Nasdaq: CMTL) (Comtech) announced today that its Senior Vice President and Chief Operating Officer (COO) Michael Porcelain has been promoted and will assume the additional role of President.

Key Points: 
  • January 29, 2020-- Comtech Telecommunications Corp. (Nasdaq: CMTL) (Comtech) announced today that its Senior Vice President and Chief Operating Officer (COO) Michael Porcelain has been promoted and will assume the additional role of President.
  • On behalf of the Board of Directors, I commend him for his accomplishments to date and congratulate him on this well-deserved promotion.
  • Mr. Porcelain has been with Comtech since 2002.
  • Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions.

Dole Receives Social Responsibility Award from Costa Rican-North American Chamber of Commerce

Wednesday, January 29, 2020 - 9:58am

Dole Food Company announced that on November 22, The Standard Fruit Company of Costa Rica S.A., a subsidiary of Dole Food Company, received the Social Responsibility in Action award from The Costa Rican-North American Chamber of Commerce (AmCham) in connection to the companys Green Star Initiative.

Key Points: 
  • Dole Food Company announced that on November 22, The Standard Fruit Company of Costa Rica S.A., a subsidiary of Dole Food Company, received the Social Responsibility in Action award from The Costa Rican-North American Chamber of Commerce (AmCham) in connection to the companys Green Star Initiative.
  • AmChams Social Responsibility in Action award seeks to promote and recognize the companies that have a responsible and integral business management, unifying the economic, social and environmental fields for the development of the country.
  • Dole Food Company, Inc., is one of the worlds largest producers and marketers of high-quality fresh fruit and fresh vegetables.
  • Dole is an industry leader in many of the products it sells, as well as in nutrition education.

LOPE LOSSES ALERT: Bernstein Liebhard LLP Announces an Investigation into Grand Canyon Education, Inc., and Encourages Investors with Losses to Contact the Firm

Wednesday, January 29, 2020 - 2:08am

If you purchased Grand Canyon securities, and/or would like to discuss your legal rights and options please visit Grand CanyonShareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com .

Key Points: 
  • If you purchased Grand Canyon securities, and/or would like to discuss your legal rights and options please visit Grand CanyonShareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com .
  • On January 28, 2020, the investment analyst research firm Citron Research published a report on Grand Canyon.The report referred to Grand Canyon as "the educational Enron."
  • The Citron Research report claimed that Grand Canyon was improperly using a "captive, non-reporting subsidiary to hide its liabilities," thereby "artificially inflat[ing] the [Company's] stock price."
  • The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.

Tenneco Fourth Quarter and Full Year 2019 Earnings Release and Conference Call Notice

Wednesday, January 29, 2020 - 12:55am

A call playback will be available for one week, starting approximately one hour after the conclusion of the call.

Key Points: 
  • A call playback will be available for one week, starting approximately one hour after the conclusion of the call.
  • On October 1, 2018, Tenneco completed the acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket.
  • These forward-looking statements include, among others, statements relating to our plans to separate into two independent public companies.
  • Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

New CBO Numbers A Reality Check

Tuesday, January 28, 2020 - 11:41pm

"Today's update from CBO provides a sobering reality check on campaign calls for major spending increases or big tax cuts," said Robert L. Bixby, executive director of The Concord Coalition.

Key Points: 
  • "Today's update from CBO provides a sobering reality check on campaign calls for major spending increases or big tax cuts," said Robert L. Bixby, executive director of The Concord Coalition.
  • According to CBO, this year's deficit will be $1.0 trillion (4.6 percent of GDP).
  • Today's numbers might represent an optimistic scenario since they assume a revenue spike due to the scheduled expiration of tax cuts in 2025.
  • Ignoring these problems will not make them go away and will not build a political mandate for meaningful action.

The plant asset management (PAM) market is estimated to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3%

Tuesday, January 28, 2020 - 10:15pm

The plant asset management (PAM) market is estimated to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3%.

Key Points: 
  • The plant asset management (PAM) market is estimated to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3%.
  • Also, real-time information about production floor operations offered by these solutions enables effective decision-making.Further, plant safety and reliability are crucial for the management of plant assets.
  • Thus, the industry needs PAM solutions to ensure the safety and operational efficiency of oil and gas plants.
  • Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

Notice from the Office of the Secretary - Ontario Securities Commission

Tuesday, January 28, 2020 - 9:39pm

TORONTO, Jan. 28, 2020 /CNW/ -The Commission issued an Order in the above named matter.

Key Points: 

TORONTO, Jan. 28, 2020 /CNW/ -The Commission issued an Order in the above named matter.
A copy of the Order dated January 28, 2020 is available at www.osc.gov.on.ca .

LendingClub Schedules Fourth Quarter and Full Year 2019 Earnings Release and Conference Call

Tuesday, January 28, 2020 - 9:10pm

SAN FRANCISCO, Jan. 28, 2020 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online lending marketplace connecting borrowers and investors, announced that it will report earnings for the fourth quarter and full year 2019 on Tuesday, February 18, 2020, after market hours.

Key Points: 
  • SAN FRANCISCO, Jan. 28, 2020 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online lending marketplace connecting borrowers and investors, announced that it will report earnings for the fourth quarter and full year 2019 on Tuesday, February 18, 2020, after market hours.
  • LendingClub will host a conference call to discuss the fourth quarter and full year 2019 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
  • A live webcast of the call will be available at http://ir.lendingclub.com under the Filings & Financials menu in Quarterly Results.
  • LendingClub was founded to transform the banking system to make credit more affordable and investing more rewarding.