• Consumer-focused tech pushes Nike toward 2020
    Yahoo Finance

    Consumer-focused tech pushes Nike toward 2020

    At Nike, digital and direct-to-consumer business go hand in hand. Heidi O’Neill, president of Nike Direct, talked to Yahoo Finance about the swoosh brand’s “consumer direct offense,” how the company is leveraging consumer data to better serve its members and the new plans the company has in store for 2020.

  • Disney+ is so hot right now that it's helping this toymaker's sales pop
    Yahoo Finance

    Disney+ is so hot right now that it's helping this toymaker's sales pop

    Yahoo Finance speaks with Funko CEO Brian Mariotti inside its new 400,000-square-foot Hollywood mega store.

  • Evaluating Home Depot, Target, Macy's & Retail Stocks Ahead of Earnings
    Zacks

    Evaluating Home Depot, Target, Macy's & Retail Stocks Ahead of Earnings

    Ben Rains breaks down what's going on in the retail world after Walmart impressed Wall Street last week. We then dive into what investors need to know about Home Depot, Target, and Macy's ahead of earnings...

  • What Can We Make Of NIKE, Inc.’s (NYSE:NKE) High Return On Capital?
    Simply Wall St.

    What Can We Make Of NIKE, Inc.’s (NYSE:NKE) High Return On Capital?

    Today we'll look at NIKE, Inc. (NYSE:NKE) and reflect on its potential as an investment. Specifically, we'll consider...

  • Google Makes Another Cloud Acquisition During Antitrust Probe
    Bloomberg

    Google Makes Another Cloud Acquisition During Antitrust Probe

    (Bloomberg) -- Google announced plans to buy enterprise software firm CloudSimple Inc., another sign the search giant isn’t letting a flurry of antitrust investigations interrupt its expansion strategy.CloudSimple will join Google Cloud, a priority business for the Alphabet Inc. unit. The companies didn’t disclose financial terms.The acquisition could help Google get a foothold in a corner of the cloud-computing market where larger rivals, Microsoft Corp. and Amazon.com Inc., have run ahead. CloudSimple builds tools that help companies move information, applications, databases and other systems from in-house data centers to the public cloud.The Santa Clara, California-based startup specializes in VMware virtualization software, which helps businesses run corporate networks and business software more efficiently. VMWare’s large enterprise customer base has made it an attractive partner for the leading public cloud providers, including Google.In a Google blog post announcing the deal, Ajay Patel, a VMware Inc. senior vice president, said his company will continue to work with CloudSimple.In recent months, U.S. regulators and Congress have opened multiple inquiries into Google over competition concerns, including the company’s history of acquisitions. Since those probes began, Google has announced multibillion-dollar takeovers of Looker Data Sciences Inc., a cloud company, and Fitbit Inc., a device-maker.Google has argued that it has a small market share in cloud computing, enterprise software and consumer devices. Antitrust officials cleared Google’s $2.6 billion bid for Looker in early November.To contact the reporters on this story: Mark Bergen in San Francisco at mbergen10@bloomberg.net;Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Google + Fitbit + Antitrust Concerns
    Zacks

    Google + Fitbit + Antitrust Concerns

    Google + Fitbit + Antitrust Concerns

  • Factors Setting the Tone for Abercrombie (ANF) in Q3 Earnings
    Zacks

    Factors Setting the Tone for Abercrombie (ANF) in Q3 Earnings

    Higher costs, promotions, adverse currency and tariffs are likely to have hurt Abercrombie's (ANF) Q3 performance. Digital efforts, store optimization and the Hollister brand might have aided it.

  • Is NIKE (NKE) Stock Outpacing Its Consumer Discretionary Peers This Year?
    Zacks

    Is NIKE (NKE) Stock Outpacing Its Consumer Discretionary Peers This Year?

    Is (NKE) Outperforming Other Consumer Discretionary Stocks This Year?

  • Factors Setting the Tone for Guess?'s (GES) Q3 Earnings
    Zacks

    Factors Setting the Tone for Guess?'s (GES) Q3 Earnings

    Sturdy European operations are likely to get reflected in Guess?'s (GES) Q3 results. However, rising SG&A costs and currency woes are concerns.

  • BD's Onclarity HPV PMA Submission to Boost Women's Health
    Zacks

    BD's Onclarity HPV PMA Submission to Boost Women's Health

    Becton, Dickinson (BDX) offers a wide range of next-generation solutions in the field of cervical, ovarian and breast cancer.

  • 5 Blue-Chip Stocks to Buy as Dow Breezes Past 28,000
    Zacks

    5 Blue-Chip Stocks to Buy as Dow Breezes Past 28,000

    We highlight blue-chip companies slated to gain in the near term as they have large market capitalization, strong balance sheet and solid cash flow.

  • Google Finds Its Deal Whisperers at Old-School Bank Lazard
    Bloomberg

    Google Finds Its Deal Whisperers at Old-School Bank Lazard

    (Bloomberg) -- It’s been an up-and-down few years for Lazard Ltd., the storied blue blood investment bank.Its share of deal advisory work worldwide is ranked at its lowest in almost two decades, falling behind rival Evercore Inc., Bloomberg data show. Top Lazard bankers such as Matthieu Pigasse and Antonio Weiss have left and a few offices closed.Yet amid the setbacks, Lazard, founded in the 1800s as a dry goods merchant, can count on a surprising and steady source of business: Google, the quintessential Silicon Valley firm. Over the last decade, Lazard has quietly become Google’s go-to adviser, bringing it the cachet -- though not big fees -- of working with one of the world’s largest companies.Lazard has represented the Alphabet Inc. unit on every takeover where it used an outside adviser -- a total of $22 billion in transactions over that period, from Motorola Mobility for $9.8 billion in 2011 to Fitbit Inc. for $2.1 billion this month. For its many smaller transactions, Google generally uses its in-house banking staff.That kind of relationship, while informal, is rare these days, especially in the cut-throat world of technology investment banking. Companies typically use a variety of banks when doing deals. The Google-Lazard tie-up -- put together almost a decade ago by one of its bankers, Vernon Jordan, the well-connected power broker -- is more reminiscent of the century-old banking relationship between General Electric and what is now JPMorgan Chase & Co. And like that one, it reflects in part personal relationships and a desire for discreetness.“This harkens back to the old line way of banking where corporations would have this kind of relationship with an institution for decades,” said Barbara Byrne, a former vice chairman at Barclays Plc and now a director at CBS Corp.Antitrust ScrutinyThe Google business alone won’t make or break Lazard, to be sure. The New York-based firm’s share of global M&A by deal value is just 4.3% this year, the lowest since 2001, according to data compiled by Bloomberg. That share has especially tumbled in recent years as rainmaker bankers such as Ken Moelis, Paul Taubman and Blair Effron founded their own boutique firms that compete on megadeals.Google transactions may have brought Lazard a mere $70 million in fees since 2011, according to an estimate by consultant Freeman & Co. In the third quarter alone, Lazard posted financial advisory revenue of $304 million.And Google’s acquisition activity may slow as antitrust scrutiny grows from federal, state and Congressional investigators looking into whether the company is using its size to hurt competitors.But the relationship with Google serves to burnish the firm’s reputation, and allows its bankers to play up the ties, such as when seeking business with emerging tech companies, a person familiar with the situation said.“There’s no banker in the world who wouldn’t want that relationship,” Byrne said. “They would jump hoops for it.”Google and Lazard declined to comment.On Lazard’s last earnings call, CEO Ken Jacobs said that its financial advisory activity had “gained momentum.” The firm has reshuffled leadership in recent months, promoting several bankers including naming Peter Orszag as the firm’s chief global dealmaker in April. (Orszag is a Bloomberg Opinion columnist.)Jordan’s RoleLazard won its role with Google thanks partly to Jordan, 84, who had been a friend and adviser to former President Bill Clinton. He started working for Lazard in 2000 as the ultimate door opener and now holds the title of senior managing director.His entrée to Google was through David Drummond, who joined the company in 2002 and is now its vice president of corporate development, people familiar with the matter said. Jordan delivered a speech to honor Drummond at a social justice gala last year where he called him a “good friend.”(A former Google employee who had a long-term relationship with Drummond alleged in August that she was forced out of the company after dating him. Drummond has acknowledged the relationship and said he has addressed it with Google.)‘Science Experiments’Google pays Lazard a retainer of more than $200,000 a month for its services, according to people familiar with the situation. While some other banks have retainers with clients, Lazard’s is notable for its duration, going back years.Lazard plays a variety of roles for Google. Often it acts as a consultant, such as a McKinsey would, researching industries and exploring potential takeover targets, according to people familiar with the matter. A former Lazard employee described the work as doing “science experiments” for Google.They sometimes lead to being hired for traditional M&A advice, or coming in only for late-stage negotiations after Google employees handled the earlier talks.In the Fitbit acquisition, Lazard initially prepared a study on the smartwatch market, which laid the groundwork for Google to buy some of watchmaker Fossil Group Inc.’s technology earlier this year. That, in turn, led to Google hiring Lazard for the Fitbit purchase.Deep PocketsGoogle doesn’t typically require the array of services, notably takeover financing, offered by bulge bracket firms like Goldman Sachs or JPMorgan. The company has deep pockets to pay for a transaction itself. That’s why it made sense to turn to a firm that focuses more heavily on M&A.Google also trusts Lazard to keep potential takeovers close to the vest, people familiar with the arrangement said, even viewing some of the Lazard bankers as if they were embedded in the corporate development group.Paul Haigney, the longtime Lazard banker who, with John Gnuse, handles the day-to-day Google relationship, is described by people who know him as an old-school banker, meaning in part that he doesn’t like meeting or gossiping with the press -- a much-prized trait at the typically secretive Google.In the Fitbit acquisition, Lazard’s role was handled in a typical low-profile way. A release announcing it omitted the bank’s name, listing only Fitbit’s financial adviser, Qatalyst.“Banking relationships at the CEO and board level are extremely personal and not institutional,” said Stefan Selig, managing partner at BridgePark Advisors, whose clients include CEOs and wealthy investors. “Those relationships tend to be sticky if the bankers and management teams don’t change and if the client is happy with the service.”To contact the reporters on this story: Liana Baker in New York at lbaker75@bloomberg.net;Gerrit De Vynck in New York at gdevynck@bloomberg.net;Sonali Basak in New York at sbasak7@bloomberg.netTo contact the editors responsible for this story: Jacqueline Simmons at jackiem@bloomberg.net, Larry Reibstein, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    FirstFT: Today’s top stories

    on Monday, following a night of fire and ferocious clashes between riot police and protesters holed up on the campus. in the early hours of Monday morning but were beaten back by volleys of petrol bombs that set the main entrance to Hong Kong Polytechnic University ablaze. On Sunday evening, protesters defending a bridge near the campus set an armoured police vehicle on fire and repelled repeated police assaults with the help of petrol bombs fired off the roof of the university using large homemade catapults.

  • Macy's Q3 Earnings Preview: Is the Department Store's Decline Set to Continue?
    Zacks

    Macy's Q3 Earnings Preview: Is the Department Store's Decline Set to Continue?

    Macy's and other department stores have not been able to find success or inspire much Wall Street confidence. Can it turn things around in Q3?

  • Can Retail's Rally Hold Up In Next Week's Wave Of Reports?
    Zacks

    Can Retail's Rally Hold Up In Next Week's Wave Of Reports?

    Retailers' performance over the last 2.5 months is a sign of positive market sentiment reentering the space. This sentiment will be tested next week when a wave of retail results hits the market.

  • Amazon's stock is not looking too hot ahead of Black Friday
    Yahoo Finance

    Amazon's stock is not looking too hot ahead of Black Friday

    Amazon’s stock price hints it may not be a supremely merry holiday season for the internet beast.

  • Foot Locker (FL) Earnings Expected to Grow: Should You Buy?
    Zacks

    Foot Locker (FL) Earnings Expected to Grow: Should You Buy?

    Foot Locker (FL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • NIKE (NKE) Hikes Dividend, Focuses on Growth Initiatives
    Zacks

    NIKE (NKE) Hikes Dividend, Focuses on Growth Initiatives

    NIKE's (NKE) dividend hike is in sync with the company's efforts to consistently boost shareholders' value in the long term.

  • San Gorgonio Hospital Picks Allscripts Sunrise Community Care
    Zacks

    San Gorgonio Hospital Picks Allscripts Sunrise Community Care

    Allscripts' (MDRX) Sunrise Community Care is an Azure-hosted platform offering clinical, financial and ambulatory content.

  • Deckers' Unmissable Run on the Bourses Makes It a Hot Pick
    Zacks

    Deckers' Unmissable Run on the Bourses Makes It a Hot Pick

    Deckers (DECK) is focused on expanding brand assortments, launching innovative products, and optimizing omni-channel distribution. Also, the company is benefiting from its sturdy e-commerce.

  • J.C. Penney reports earnings — here is why investors are cheering
    Yahoo Finance

    J.C. Penney reports earnings — here is why investors are cheering

    What you need to know about J.C. Penney's latest challenging quarter.

  • Why We’re Not Keen On DICK'S Sporting Goods, Inc.’s (NYSE:DKS) 8.6% Return On Capital
    Simply Wall St.

    Why We’re Not Keen On DICK'S Sporting Goods, Inc.’s (NYSE:DKS) 8.6% Return On Capital

    Today we'll look at DICK'S Sporting Goods, Inc. (NYSE:DKS) and reflect on its potential as an investment. To be...

  • Investing.com

    Stocks - Applied Materials, Grubhub, J.C. Penney Surge Premarket

    Investing.com - Stocks in focus in premarket trading on Friday:

  • Nike shock-drops the iconic Air Jordan XI 'Bred'
    Yahoo Finance

    Nike shock-drops the iconic Air Jordan XI 'Bred'

    It’s been a holiday tradition for 10 years. Sneakerheads wait with bated breath to see which colorway of the Iconic Air Jordan XI will drop in December, but Santa came early this year.

  • Healthcare Drives Wall Street: 5 Soaring ETFs & Stocks
    Zacks

    Healthcare Drives Wall Street: 5 Soaring ETFs & Stocks

    Decent fundamentals and valuations as well as encouraging developments put these medical ETFs and stocks in focus.