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Could Johnson & Johnson Rip Higher by 20%?
It may just happen. Here is why.
TheStreet.com qJNJ $114.60 -0.02% -
Trump and spy chief differ on what was said in call on Russia dossier
U.S. spy chief James Clapper and President-elect Donald Trump gave different accounts of a phone conversation they had about a dossier of unverified, salacious claims linking Russia to Trump, who is locked in a war of words with the intelligence agencies he will command in eight days. A newcomer to politics, businessman Trump has been at odds with U.S. spy agencies for months, disputing their conclusions that Russia used hacking and other tactics to try to tilt the 2016 presidential election in his favor. On Wednesday, he acknowledged the point but opened a new battlefront, responding to media reports of unsubstantiated claims that he was caught in a compromising position in Russia by accusing intelligence agencies of practices reminiscent of Nazi Germany.
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DIMON: America has a huge opportunity right now
JPMorgan Chase (JPM) CEO Jamie Dimon sounded upbeat on the US economy in his bank’s fourth quarter earnings announcement.
Yahoo FinanceJPM $86.70 0.53% -
10 Best Stocks of the Dow for Dividends
iStockphoto It's been a strange year for high-yielding stocks. In the first half of 2016, the Dow Jones utility average, a proxy for hefty dividend payers, was a market leader, rising 26%. Since then, ...
KiplingerMSFT $62.70 0.14% -
Moody's pays $864 million to U.S., states over pre-crisis ratings
Moody's Corp has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, resolving allegations that the firm contributed to the worst financial crisis since the Great Depression, the department said in a statement. "Moody's failed to adhere to its own credit-rating standards and fell short on its pledge of transparency in the run-up to the Great Recession," Principal Deputy Associate Attorney General Bill Baer said in the statement.
ReutersCIGCCX $678.02 -0.33% -
10 Stocks Every Retiree Should Own
It's somewhat unusual to look to the technology sector for dividends and value, but Apple is no ordinary company. Apple's hoard of cash and securities has swollen to $67.3 billion. Apple might never achieve the growth rates it enjoyed when the iPhone was first ascendant.
KiplingerAAPL $119.04 -0.18% -
Clifton on Obamacare repeal: Expect this to be a volatile...
Dan Clifton, Strategas Research Partners, weighs in on GOP plans to repeal Obamacare and how the market may react.
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Samsung's Lee leaves South Korea prosecution office after questioning
Samsung Group leader Jay Y. Lee left the South Korean special prosecutor's office early on Friday, more than 22 hours after arriving for questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye. Broadcaster YTN showed Lee leaving the special prosecution office without answering reporters' questions, then heading to a waiting car. Prosecutors have been investigating whether Samsung provided 30 billion won ($25.28 million) to a business and foundations backed by Park's friend, Choi Soon-sil, in exchange for the national pension fund's support for a 2015 merger of two Samsung affiliates.
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Renault targeted in new 'dieselgate' scandal
A year and a half after Volkswagen's "dieselgate" erupted, Paris prosecutors are probing Renault over possible "cheating" in diesel emissions, sending the carmaker's shares sliding on the stock exchange. While VW is still counting the cost of an unprecedented emissions scandal that shook not only the auto sector, but the whole of German industry to the core, similar allegations are now being levied against other carmakers, notably Italian-American giant Fiat Chrysler and France's Renault. Just a day after US officials said VW would plead guilty to three criminal charges and pay a total of $4.3 billion in fines to settle its scandal, the US Environmental Protection Agency charged that Fiat Chrysler had hidden software on diesel trucks that allowed them to spew out excess emissions.
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Holiday sales report shows boost in 2016
A stronger economy helped boost holiday sales both in stores and online this season, but department stores continued to struggle as habits shift. Sales rose 4 percent to about $658.3 billion, according ...
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U.S. Supreme Court agrees to hear dispute over biologic drug sales
By Andrew Chung NEW YORK (Reuters) - The U.S. Supreme Court on Friday agreed to hear a dispute over whether companies that make copycat versions of biologic drugs must wait six months after winning federal approval to begin selling them. The justices will take up an appeal by Novartis AG of a 2015 federal appeals court decision that prevented the Swiss pharmaceutical company from selling its biosimilar version of California-based Amgen Inc's $1-billion-a-year Neupogen until six months after the Food and Drug Administration approved it. Unlike traditional drugs, biologic drugs cannot be copied exactly to make generic versions.
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Equinox CEO on dealing with President-elect Trump
Harvey Spevak, Equinox CEO, weighs in on working with President-elect Donald Trump over the years, company growth and SoulCycle IPO.
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Wells Fargo thinks it has paid back customers as required
"We've accomplished a lot over the past few months but we still have a lot of work to do ... to rebuild trust with our customers, team members, and other key stakeholders," CEO Tim Sloan said during a call with analysts. The San Francisco-based bank has been dealing with multiple lawsuits and a sharp drop in account openings after it settled with the Los Angeles City Attorney, the U.S. Comptroller of the Currency and the Consumer Financial Protection Bureau in September over charges that its employees created as many as 2 million accounts without customers' consent. The bank disclosed the new details as it posted its fifth straight decline in quarterly earnings on Friday, results that diverged from rivals JPMorgan Chase & Co and Bank of America Corp .
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Chicago schools order unpaid days off after governor's funding veto
Chicago’s cash-strapped public school system ordered its teachers and administrators on Friday to take four unpaid days off to offset state funding withheld by Illinois' Republican governor. The nation’s third-largest school system had been counting on a $215 million infusion of state funds to stabilize its pensions and had included that amount in its $5.46 billion fiscal 2017 operating budget. The school district, controlled by Chicago Mayor Rahm Emanuel, also is struggling with drained reserves and debt dependency.
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Johnny Depp sues ex-managers alleging millions in losses
LOS ANGELES (AP) — Johnny Depp sued his former business managers on Friday alleging they mismanaged his earnings throughout a lucrative period of his career, although the company says the actor's spending is to blame.
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Nasdaq hits record; bank earnings validate Wall St. rally
Wall Street has surged since President-elect Donald Trump's unexpected election victory on optimism he will cut corporate taxes, spend on infrastructure and deregulate banks. With stocks trading at price-to-earnings valuations well above historical averages, many investors believe further gains will depend on S&P 500 companies handing in strong report cards over the next several weeks. The S&P financial sector has jumped about 17 percent since the election, far outpacing the S&P 500's 6-percent rise.
Reuters^IXIC $5,574.12 0.48% -
U.S. State Department nominee Tillerson fights climate deposition
Rex Tillerson, the former oil executive under consideration for U.S. secretary of state, is trying to avoid giving testimony in a federal lawsuit over climate change, according to a lawyer for a group of teenagers who filed the suit. Lawyers for the teenagers, who sued the federal government claiming it violated their constitutional rights by causing global warming, were scheduled to depose Tillerson, the former chief executive of Exxon Mobil, in his capacity as a board member of the American Petroleum Institute, a trade group. The lawyers planned to ask Tillerson when he first learned of the impact the burning of fossil fuels was having on the Earth's atmosphere.
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Obama's EPA moves to preserve gas mileage requirements
WASHINGTON (AP) — The Environmental Protection Agency moved Friday to cement strict fuel economy requirements that force the auto industry to make new cars and trucks significantly more efficient, a decision that will be difficult for the incoming Trump administration to undo.
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SpaceX 2015 accident cost it hundreds of millions - Wall Street Journal
CAPE CANAVERAL, Fla. (Reuters) - - Elon Musk’s SpaceX lost more than a quarter of a billion dollars in 2015 after a botched cargo run to the International Space Station and the subsequent grounding of its Falcon 9 rocket fleet, The Wall Street Journal reported on Friday. The accident derailed SpaceX’s expectations of $1.8 billion in launch revenue in 2016, an analysis of the privately held firm’s financial documents showed, according to the Journal, which said it had obtained the documents. SpaceX declined to comment on the Journal’s report.
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Justices will weigh limits on worker rights to sue employers
WASHINGTON (AP) — The Supreme Court said Friday it will decide whether employers can require workers to sign arbitration agreements that prevent them from pursuing group claims in court.
Associated Press
