BY LUKE VILLAPAZ If you ask Wall Street, Yahoo Inc. is virtually worthless. But as the ailing web portal puts itself up for sale, at least seven major companies are vying to buy it, possibly for as much as $4 billion. Why? Deep in its garage-sale pile of unprofitable investments and slow-growth content properties, Yahoo has […]
Stocks (^DJI, ^GSPC, ^IXIC) are trading higher as Wall Street focuses on congressional testimony from Fed Chair Janet Yellen and a surprise drop in U.S. oil (OIL) inventories. Keith Bliss of Cuttone & Co. joins us live from the floor of the New York Stock Exchange to discuss the markets. To talk about some of […]
Training The Street’s president & founder, Scott Rostan discusses how the regulatory environment in banking for both U.S. and Europe has changed recently.
http://business.financialpost.com/news/transportation/hunter-harrison-is-the-key-to-canadian-pacific-railways-merger-plan-and-its-potential-flaw Kristine Owram, Financial Post Canadian Pacific Railway Ltd.’s takeover bid for Norfolk Southern Corp. rests on the assumption that CEO Hunter Harrison is a railroading Midas who turns everything he touches into gold. But as the ancient myth moralizes, this blessing can quickly turn into a curse. When Hunter Harrison retired as CEO of […]
by Tammy Whitehouse Auditors are reminding companies to take a close look at their accounts payable to be sure they haven’t inadvertently created debt that might alter leverage ratios and violate other loan covenants. As companies and their lenders have innovated in recent years in search of new ways to access working capital, structured payable […]
Robert Rostan, CFO and Princpal at Training The Street, says the nearly 2 percent rise in the stock on Monday suggests that the impact of the accounting probe is now behind Toshiba.
http://www.bloomberg.com/news/articles/2015-08-13/biggest-lbo-of-year-signals-appetite-may-be-growing-real-m-a By Brooke Sutherland Carlyle Group LP’s $8 billion purchase of Symantec Corp.’s data-management business shows big buyouts can still happen. The deal announced Tuesday was the largest private-equity takeover of a U.S. company so far this year. It may not hold that title through December. While the purchase price is a far cry from the record […]
By Konrad Putzier Glenn Rufrano has a long to-do list. Rufrano, who was tapped to take over the scandal-plagued American Realty Capital Partners in April, is now in the thick of trying to turn the real estate investment trust around. The industry is waiting with bated breath to find out exactly what his game plan is. The CEO […]
By Tammy Whitehouse Hertz Corp. has reported the latest chapter in the drama that is its restatement of 2012 and 2013 financial statements. There are plenty of cautionary tales for compliance and audit executives willing to do the reading. Hertz filed its latest Form 10-K on July 16, and amid news of $11 billion in […]
Training The Street (TTS), the leading corporate training provider for Wall Street firms and top business schools, today announced its partnership with Venture for America (VFA), a non-profit organization that encourages entrepreneurship amongst college graduates to aid struggling cities across the U.S. This year’s full incoming class of 122 VFA fellows will participate in a […]