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Monthly Archives: October 2019

Goldman analyst after GrubHub’s 40% plunge: ‘We got this wrong’

A trader works next to a Grubhub Inc. paper bag on the floor of the New York Stock Exchange (NYSE) in New York. Jin Lee | Bloomberg | Getty Images After a 40% plunge on Tuesday, Goldman Sachs said it can no longer recommend buying food delivery service GrubHub. “We …

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Tom Brokaw Recalls His Time Covering Watergate

Near the start of his new book, “The Fall of Richard Nixon: A Reporter Remembers Watergate,” Tom Brokaw writes that he has been “reflecting on the enduring lessons, high drama and historic consequences of that fateful year.” Brokaw, then in the early stages of his broadcasting career, was NBC’s White …

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Getty fire in LA likely caused by tree branch falling on power lines: fire officials

The Getty Fire burns near the Getty Center along the 405 freeway north of Los Angeles, California, U.S. October 28, 2019. REUTERS/ Gene Blevins (Reuters) – A major wildfire burning in Los Angeles near the famed Getty Center art museum was likely sparked by a tree branch falling on power …

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As wildfire rages, LA’s ‘fire proof’ Getty Museum sees no risk to art

(Reuters) – When a fast-moving wildfire licked up to the fringes of the sprawling Getty Center complex on Tuesday, the staff of the Los Angeles museum betrayed no sign of panic, confident that its priceless art was safe and secure within its walls. FILE PHOTO: The Getty Fire burns near …

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Olivia Newton-John to auction iconic ‘Grease’ outfit

The iconic tight black pants and leather jacket Olivia Newton-John wore as “cool” Sandy in the finale of the 1978 movie “Grease” will go to auction and could sell for $260,000, according to Julien’s Auctions. The pants, which Newton-John wore during her “You’re the One that I Want” duet with …

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Mattel shares spike after earnings beat, CFO to step down, whistleblower probe ends

Barbie dolls for sale at a Target store. Scott Mlyn | CNBC Shares of Mattel jumped as much as 20% in extended trading Tuesday after the company posted better-than-expected earnings for the third quarter and announced it would be hiring a new chief financial officer. The company also said auditors …

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AIG shares dip on reports retirement unit Valic is under investigation

AIG affiliates charged with mutual fund shares conflicts by the SEC on March 14, 2016. JB Reed | Bloomberg | Getty Images Shares of insurance giant AIG dropped 1% on reports that a subsidiary of the insurer, Valic, is under investigation by the Securities and Exchange Commission about its sales …

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Mastercard (MA) earnings Q3 2019 beat estimates

A woman walks past a Westpac bank advertisement in central Sydney, Australia. Daniel Munoz | Reuters Mastercard reported third-quarter earnings on Tuesday that beat analysts’ expectations on the top and bottom lines. Shares of Mastercard were up 1% in premarket trading. Here’s what the company reported compared with what Wall …

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GrubHub down 30% after a terrible earnings cause analysts to bail

The GrubHub website on an iPhone. Andrew Harrer | Bloomberg | Getty Images Shares of food delivery company GrubHub tanked nearly 40% after disappointing earnings and dismal guidance forced Wall Street to abandon the already struggling stock. GrubHub received five downgrades, including double-downgrades from both Bank of America Merrill Lynch …

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Stocks should hit new record in November, if history is any guide

The S&P 500 hit an all-time high above 3,000 on Monday, and if market history is any guide, November could soon produce another record. The fourth quarter of the year tends to be the strongest period for stocks. The month of November, in particular, has been among the best months …

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