Hi guys, due to my tight schedule with work, i am going to start giving just summaries on interesting news worthy investment or corporate news starting today. This is for me to be able to cover more topics. So today, we learnt that Molina healthcare has appointed Joseph Zubretsky as its Chief Executive Officer. Please see highlights below.
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Cloudera recently announced that it would be offering its stock for sale, with some to be offered by existing shareholders and the remaining to be offered by the company. There are reports that up to US$ 175 million would be offered for sale, and since its announcement, Cloudera’s shares have been down 6.2 percent to US$17.32. It is worthy of note that Cloudera only recently went public in April this year (2017).
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News just out is that Leading Brands, Inc. (NASDAQ: LBIX) has entered into a definite arrangement agreement with Liquid Media Group, Inc. in a transaction that would see Leading Brands, Inc. acquire 100% of Liquid pursuant to a plan of arrangement. Other details of the transaction includes LBIX holding 22.637% shares in Liquid and Liquid current shareholders holding 77.363 percent of the post transaction entity.
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As we all know, Iran is presently unsettled with coalitions against them from Saudi Arabia and Israel with support from other nations including USA, Egypt, Jordan and United Arab Emirates. The reason for the coalition is as a result of accusations against Iran for fueling regional conflicts by supporting armed Shia movements in Syria, Iraq, Yemen and Bahrain.
[Read more…] about Looming Iranian war may boost oil price and oil stocks
The Monetary Policy Committee is meeting on the 18th and 19th of September, and with their meetings comes the review of the macro economic situation in the country, and more importantly to set the monetary policy rate, i.e. the rate at which the CBN lends to commercial banks and other clients. This in turn sets the tone for interest rates on borrowings to individuals or corporates by commercial banks or other lending institutions. The current MPR rate is at 14% and experts believe that the CBN would still retain the rate (having retained the rate for 5 meetings in a row) as the foreign exchange market saw gains during the period and the CBN would be looking to consolidate gains.
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Hi guys, just came across the news that AT&T is considering divesting its Latin American Pay TV to utilize the funds gotten thereof to pay down debts following from its planned acquisition of Time warner. Though it is assumed that the Latin American Pay TV is valued at just around 9 percent of the proposed takeover of Time Warner, valued at US$85.4 billion, it should be able to pay down around 4 percent debt to be incurred by AT&T following the acquisition as it is estimated that AT&T would have around US$ 180 billion after the acquisition.
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Hey guys, just read some good news regarding gas production in Nigeria. The news read that a Nigerian energy company, Shoreline, has signed a US$ 300 million agreement with the local unit of shell to develop gas infrastructures around Lagos state, the commercial capital of Nigeria.
[Read more…] about The importance of Shoreline’s US300 million gas deal with Shell
Fidelity bank recently released their half year statement, and investors saw an impressive 66% yoy increase in Profit to 10.2 billion in 2017. This post would be taking a look at the revenue drivers or cost optimization strategies of Fidelity that helped boost the profit of the company.
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The labor department on Thursday released a report on the US labor productivity for the second quarter 2017 (Q2 2017) and the actual figures were slightly higher than estimates for the period. Also, in addition to the above, the unit labor cost rose by less than initially expected. So, getting down to business, the productivity rose by 1.5 percent annualized rate. However, it should be noted that the initial figure reported was at 0.9 percent increase but was upwardly revised to 1.5 percent due to greater output spikes than initially estimated, which saw output spike by up to 4.0 percent while increase in hours worked was unchanged at 2.5 percent (NB: All quarterly percent changes in this release are seasonally adjusted annual rates.)
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