Posted on

Here are the biggest analyst calls of the day: Tesla, Boeing, Coca-Cola, Monster Beverage, Eli Lilly

“For what many investors believe to be a high growth tech firm, TSLA has made notable moves to cut costs/prices & stimulate orders… We see TSLA hitting an air pocket in demand that is coming earlier than we expected… We reduce our Model 3 forecast & ATPs across the range, hitting ests & our target…”

“We are downgrading shares of Boeing to a Hold from a Buy… Two recent accidents have raised some concerns about a specific model of the 737 Max… We know that Boeing is focused on safety and is working with the appropriate agencies to identify the issues… In our opinion, the accidents may result in additional expense and some delay in orders, which, from a business perspective, could pressure financial results… Longer-term, we believe the outlook is balanced by the backlog of other planes (such as the 787), recent defense program wins, and the expansion of the services business… Overall, we believe shares are appropriately valued for longterm investors…”

Read more about the downgrade here.

“Following a period of restriction, we are moving to an Overweight rating and a December 2019 price target of $140 from a Not Rated designation (OW rating and YE19 PT of $128 prior to restriction) and adding the company to the analyst Focus List (growth)… Overall, we continue to see Lilly as the best positioned of our large-cap names based on a combination of healthy core product growth (Trulicity, Taltz, Jardiance, etc), a growing portfolio of new launches and next-generation pipeline assets (tirzepatide, Emgality, Loxo-292, tanezumab, etc), a significant margin expansion story (high 20’s margins that we see moving to the mid/high 30’s over time), and several sources of upside to near- and long-term numbers. Along these lines, we expect the company to generate 6-8% topline growth and mid-teens annual EPS growth through much of the decade.. Lilly represents a top pick in our coverage…”

“New risks are rising… Brewers are increasingly integrating beer and soft drinks to compete better… Sugar taxes are also starting to take as much cash out of a bottler as Coke. PET taxes and regulation may drain even more… Retailers are adding pressure… A red flag. In 2018, Coca-Cola FEMSA put the Philippines back to KO, walked away from an expansion opportunity in Asia, and increased its dividend guidance… For bottlers in LatAm, the growth outlook is bleak without: (1) a functional beer strategy in Brazil and in other key markets; (2) better non-carb margins; and (3) stronger marketing… The list of KO-owned broken bottlers is growing, and there seems to be a shortage of buyers. Finally, more external management may be needed… Cracking the code on evening occasions may need external help… A culture change from an era of slowness, entitlement and waste toward speed is hard if most key posts are internal hires… We have five critical questions that need answers: see page 14. Downgrade to Hold on valuation… New flat EPS guidance implies a 22x PE, 20% above the 25-year MSCI global consumer staples average. We cut our DCF-driven TP to USD 50 (10% implied upside) from USD64 on lower earnings…”

“We are downgrading MNST to Market Perform as current valuation, both absolute (29x NTM P/E) and relative to peers (815 bps premium vs. beverage peers), may be as good as it gets given cloudier growth outlook and dwindling likelihood of the long-hoped-for buyout by KO… While we are comfortable with MNST’s near-term +hsd-ldd% topline/EPS growth outlook, we see limited ability to meaningfully exceed expectations and justify an even higher valuation multiple, given unfavorable sales/product mix and emerging competition at home as well as disappointing margin progression abroad…”


Top News & Analysis

Author: Continue reading Here are the biggest analyst calls of the day: Tesla, Boeing, Coca-Cola, Monster Beverage, Eli Lilly

Posted on

How to Ace Your Next Job Interview When You’re the Boss

Needing to hire the right person is about as nerve wracking as needing the job.

5 min read

Opinions expressed by Entrepreneur contributors are their own.

When it comes to job interviews, there’s lots of advice out there on the web for job seekers.

But what if you’re the one doing the interviewing, or who owns the company that needs new staff?

Conducting a terrific interview is just as much of a learned skill as any of the job skills for the position you’re trying to fill. With a little preparation and practice, you can master the art of the interview and improve your company’s chances of winning over top talent for open positions. Follow these simple tips to ensure an exceptional experience for both you and your candidates.

1. Be clear on what you’re looking for in a successful applicant.

Obviously, before you begin interviewing applicants, it’s important to take some time to define the characteristics you’re looking for in an ideal contender.

Be clear on your criteria as well. Knowing what you’re looking for—someone who’s excellent at sales, for example—is just the first step. You’ll also need to know how you’ll be able to distinguish “sales excellence” from lesser standards.

How will you know when you’ve found the right candidate? A combination of factors can tell you, depending on your needs. For example, you can look for educational accomplishments and degrees, professional certifications, references, pre-employment tests, recommendations and more. The essential part is to make this decision upfront so you’ll know what you’re looking for during the interview process.

Don’t neglect company culture. Even the most qualified and skilled applicant can be a poor fit if there’s no alignment with your company’s existing environment and atmosphere. The right personality and attitude can be just as important as the right skills.

Related: 5 Ways to Make Your Company’s Hiring Process More Fair

2. Understand the legalities of a job interview.

You may really want to know the answer to a specific question, and you may even be able to articulate a perfectly plausible reason for asking it. However, if that question is prohibited by law, that rationale won’t matter.

Inquiring about any protected category of personal information during an interview can land you in hot water. These categories include race, national origin, religion, sex, gender identity, sexual orientation, pregnancy status (or plans), disability, age, citizenship or marital status.

Just remember to keep your questions firmly within the boundaries of the applicant’s ability to fulfill actual job duties. Questions about skills, experience and education are therefore relevant; questions about how old someone is are not. If you’re concerned about some aspect of physical job performance, ask that question instead of inquiring whether the person is disabled. For example, you can ask whether the candidate can regularly lift 50 pounds or stay on their feet for long periods of time.

3. Pick your questions carefully.

Frame your questions carefully and don’t simply pick random questions out of some list. The questions you ask should be tailored to your company and the position in question.

Distinguish between skills, ability and experience. You can teach skills to someone with the right innate abilities. Frame questions to elicit the information you really need based on which of these are most important to the position in question.

Trick questions may not be as revealing as you think, and they can sour a good applicant on your company before you even finish the interview. If you choose “creative” questions, make sure the way they’re phrased is designed to elicit actually relevant information.

Related: How to Give Original Answers to 7 Cliché Interview Questions

4. Tell your candidates what to expect.

There’s no need to make the interviewing and job application process a mystery. Explain to your interviewees exactly what’s going to happen when the interview is scheduled.

Let them know where and when the interview will take place, but also tell them who will be doing the interviewing—both name and title. Don’t hide the ball or try to spring a surprise on them. The more upfront and honest you can be from day one, the more highly the candidate will think of your company.

5. Give the candidate time and space to respond.

If you find yourself thinking “How long have I been speaking here?” you may have fallen into a very common interview trap: forgetting to let the candidate answer the question, or even forgetting to ask the question in the first place.

Remember the purpose of the interview. It’s supposed to be a conversation, not a monologue.

Related: How to Be Authentic in an Interview

6. Give yourself plenty of time, too.

Don’t try to rush through this process. Rather, look for ways to schedule in buffer time before and after the appointed time. Use this to review the candidate’s application, résumé or CV, as well as to make notes, preview your questions, and prepare for the interview itself.

Source: Entrepreneur
Author: John Boitnott Continue reading How to Ace Your Next Job Interview When You’re the Boss

Posted on

Boeing downgraded because 737 Max accidents may cause ‘some delay in orders’

Edward Jones lowered its rating of Boeing shares to hold from buy on Monday, saying the company’s second deadly crash of its 737 MAX 8 aircraft in the past five months may have a tangible effect on near-term earnings.

the same new Boeing model that went down in the Java Sea in October, which killed all 189 people on board.

“Both flights had similar patterns after takeoff, raising some concerns about the automation of the flight control system,” Windau said. “A primary downside risk to shares, in our view, is the continued concern about safety in the 737 Max 8, leading to order cancellations.”

Boeing shares fell 2.1 percent in premarket trading from Monday’s close of $400.01 a share. Edward Jones has a $

– CNBC’s Leslie Josephs contributed to this report.


Top News & Analysis

Author: Continue reading Boeing downgraded because 737 Max accidents may cause ‘some delay in orders’

Posted on

America’s emergence as an energy powerhouse gives it a key lever in global trade talks

The rise of the U.S. as the world’s top oil and gas producer and now growing exporter puts energy at the center of U.S. trade negotiations both as a lever and a potential source of friction.

in an interview with CNBC, acknowledged the growth in U.S. production is a lever in trade, though he is not personally involved in trade negotiations.

“It’s part of the mix. It may not be the driver but it’s always hanging out there as part of the matrix, if you will,” he said.

Perry said the whole range of U.S. energy, including nuclear, has made the U.S. a powerhouse. “All of it plays a role. America is the leader in the energy sector, not just fossil fuels, he said.

Cheniere Energy CEO Jack Fusco said he sees a huge demand for LNG from China, enough to ultimately double his company’s size. But he told CNBC he also would hope to see a trade deal soon, to end the “rhetoric.”

Cheniere pioneered exports of LNG from the lower 48 states and says it has sent 60 tankers to China so far from its Sabine Pass facility on the Gulf Coast. LNG is a super-chilled form of gas, which in liquid form can be shipped around the world.

“At the lower levels, we don’t see much change. There’s two willing counter parties willing to talk about terms and the transaction. At the upper levels though, there’s some tension,” he said, adding that he expects relations to be “rocky” and “lumpy” with the Chinese until the trade situation is resolved. “And we’re just going to have to be patient.”

But Fusco also remains optimistic

“They need us. We need them. We’re hoping some of this rhetoric dies down,” said Fusco.

Trade experts see Europe as the next front in the Trump administration’s efforts to make trade more fair for American companies.

President Donald Trump has complained to Germany about the Nord Stream 2 Pipeline project to bring Russian gas under the Baltic Sea to Germany. Europe currently gets about 40 percent of its gas from Russia.

“From our perspective, Europe by and large would much rather be buying gas from the U.S.,” said Mike Sommers, President and CEO of the American Petroleum Industry. Summers pointed to countries like Lithuania as among those who prefer not to be dependent on Russia.

But Germany has not stopped the pipeline construction and has said it should improve its energy security.

The Wall Street Journal reported that the Trump administration is preparing to enact sanctions against the pipeline. The president reportedly sees the pipeline from Russia as a threat, particularly since the U.S. protects Europe militarily.

The pipeline is funded by Russia’s PAO Gazprom and several Western firms,

“Russian gas is going to come to Europe no matter what pipeline it goes through,” said Yergin. He said there will still be a need for U.S. LNG in Europe.

Sommers said the growth of the U.S. as an energy producer, now pumping 12.1 million barrels a day, also has given it more flexibility in sanctioning countries that export oil.

Both Iran and Venezuela are under U.S. sanctions but the oil market has not felt much impact due to increasing U.S. output.

Trade issues could play into other decisions the U.S. has to make in the energy arena. For instance, the U.S. granted waivers to some buyers of Iranian crude. In May, the Trump administration will have to decide whether countries like China and India are allowed to continue buying the Iranian oil.

Perry said the U.S. no longer has to worry about energy security as it once did when it imported most of its oil.

“We are as secure in this county as we’ve ever been,” said Perry. “So the United States with this shale boom, with this revolution that’s occurred in this country, and I might add with the development and the growth we’re seeing in our renewables and the nuclear side of things. All this says to the United States is you don not have to worry about being held hostage by any country in the world with any type of fuel. You can do it yourself right here.”.

Perry said the same message can be sent to allies who can now see the U.S. as providing energy so they don’t have to be “held hostage by someone else out there.”

Fatih Birol, executive director of the International Energy Agency, said the rise of U.S. oil and gas is positive for consuming countries. In the LNG market, for instance, he said there had been just eight countries that were buying LNG and now there are nearly 50 because they see supply coming from the U.S., as well as Australia and Qatar.

He also said the U.S. initially found the bounty of gas and oil it found in the last decade for internal uses.

“The second phase of the shale revolutions, starting now, is going to see the U.S. emerging as a major energy exporting country,” said Birol. ” In five years, he expects that 75 percent of world LNG exports will come from the U.S.


Top News & Analysis

Author: Continue reading America’s emergence as an energy powerhouse gives it a key lever in global trade talks

Posted on

15 of the Best Time Management and Productivity Books of All Time

Reading a useful book is always a productive use of your time.

10 min read

Opinions expressed by Entrepreneur contributors are their own.

Entrepreneurs are always on a quest to win the race against time. As if that weren’t stressful enough, we also have to enhance our willpower and strengthen our self-discipline. If not, then all of the distractions flying around will stand in the way of us getting things done.

Since I’m an avid reader, I’ve learned over the years that the best way to improve my time management and productivity skills have been through books. Of course, it can be overwhelming when you’re searching online or browsing in a book store for literature that can assist you in living a more fruitful life. That’s why I’ve made the decision easier for you by sharing with the 15 best time management and productivity books of all time.

1. “The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change” by Stephen R. Covey

First published in 1989, “The 7 Habits of Highly Effective People” is regularly considered the best book to read if you want to improve your productivity both professionally and personally. It focuses on developing new habits so that you can stay-on-track as opposed to eliminating bad habits. Most notably, defining your goals and priorities.

Covey uses the analogy of placing rocks, pebbles, and sand into a jar to help you define what’s really important. If you start by putting the little things, such as the pebbles or sand, the rocks won’t fit. However, if you begin with the rock there’s enough room for you to put the tinier items around them in the jar.

Key quote: “The key is not to prioritize what’s on your scheduling app but to schedule your priorities.”

Related: 5 Ways to Be a More Effective People Person

2. “How to Stop Procrastinating: A Simple Guide to Mastering Difficult Tasks and Breaking the Procrastination Habit” by S.J. Scott

If you’re struggling with procrastination, this is arguably the only book you’ll need to own. How to Stop Procrastinating is a down-to-earth and uses a specific framework to assist you in becoming action-oriented. Scott also shares his own experiences on how he overcame procrastination and explores the main reasons why we drag out feet.

Personally, I enjoyed how straightforward this book. The advice provided isn’t too complex. It simply encourages you to does this, then do this, and after do that.

Key quote: “If you’re someone who procrastinates, then this bad habit is limiting your success in a variety of ways. If you don’t address this issue, then you’ll reduce the likelihood that you’ll achieve your major goals.”

3.“Eat That Frog!: 21 Great Ways to Stop Procrastinating and Get More Done in Less Time” by Brian Tracy

If your procrastination still persists then Eat That Frog! should help you get over that hump. Inspired by a famous Mark Twain quote, “Eat a live frog the first thing in the morning, and nothing worse will happen to you the rest of the day,” author Brian Tracy details why and how you should tackle your most challenging task in the morning.

Additionally, Tracy shares successful time management techniques like how to set goals, get organized, practice the “Law of Three,” and applying the 80/20 Rule.

Key quote: “You can get control of your time and your life only by changing the way you think, work, and deal with the never-ending river of responsibilities that flows over you each day. You can get control of your tasks and activities only to the degree that you stop doing some things and start spending more time on the few activities that can really make a difference in your life.”

4. “The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich”

by Timothy Ferriss

Timothy Ferriss shares his step-by-step guide on how anyone can start earning a monthly five-figure income by working just The 4-Hour Workweek. As a result, you’ll be able to live the life you actually want without having to be just another participant of the daily rat race.

If this sounds too good to be true, Ferriss includes over 50 practical tips and real-life case studies on how you can live more and work less.

Key quote: “Being able to quit things that don’t work is integral to being a winner.”

5. “Organize Tomorrow Today: 8 Ways to Retrain Your Mind to Optimize Performance at Work and in Life” by Dr. Jason Selk and Tom Bartow

Written by Dr. Jason Selk, director of mental training for the St. Louis Cardinals, and business coach Tom Bartow’s Organize Tomorrow Today, this book outlines the eight most effective ways to optimize your organization. As a result, you’ll focus on process-oriented goals that will guide you in maximizing your time and breaking bad habits.

Key quote: “Greatness is predicated on consistently doing things others can’t or won’t do. Simply put, success is not about being brilliant. It is about being consistent.”

6. “Getting Things Done: The Art of Stress-Free Productivity” by David Allen

Since it’s release in 2001, “Getting Things Done” has not only become one of the most influential business books of all-time. It’s also considered the book for personal organization. Although Allen has tweaked the book over the years, the main concept remains intact. When you have a clear mind, you’re able to organize your thoughts, spark creativity, and boost your productivity.

Key quote: “Getting things done requires two basic components: defining (1) what “done” means (outcome) and (2) what “doing” looks like (action).”

Related: 5 Tips to Improve Focus and Get Things Done

7. “Deep Work: Rules for Focused Success in a Distracted World” by Cal Newport

What exactly is “deep work”? Author and professor Cal Newport defines it as, “Professional activities performed in a state of distraction-free concentration that push your cognitive capabilities to their limit. These efforts create new value, improve your skill, and are hard to replicate.”

The problem is that in an increasingly distracting world getting into this flow is easier said than done. The good news is that Newport outlines specific disciplines that will transform your mind and habits so that you can concentrate and jump into your work.

Key quote: “To produce at your peak level you need to work for extended periods with full concentration on a single task free from distraction.”

8. “Make Time: How to Focus on What Matters Every Day” by Jake Zeratsky and John Knapp

Although released just in September 2018, I’m already chalking this selection up as an instant classic. I thoroughly enjoyed the friendly and original approach that Zeratsky and Knapp laid out in “Make Time.” For example, only highlighting one priority per day so that all of your time and energy are present for that specific task.

Key quote: “Believe in your Highlight: It is worth prioritizing over random disruption.”

9. “168 Hours: You Have More Time Than You Think” by Laura Vanderkam

Did you know that we all have the same 168 Hours in a week? So, how come some people are able to squeeze every minute out of this time? Bestselling author Laura Vanderkam draws from the real-life stories of successful and happy individuals, Vanderkam discovered that they find creative ways to make time for the important stuff.

Key quote: “The majority of people who claim to be overworked work less than they think they do, and many of the ways people work are extraordinarily inefficient. Calling something ‘work’ does not make it important or necessary.”

10. “The Checklist Manifesto: How To Get Things Right” by Atul Gawande

Relying on his past experiences as a surgeon, bestselling author Atul Gawande explains that we’re prone to failure thanks to the amount of knowledge surrounding us. The solution? The Checklist Manifesto.

Through riveting stories, Gawande describes what exactly checklists are, what they aren’t, and how they can assist you in succeeding at getting things done.

Key quote: “We are besieged by simple problems… Checklists can provide protection.”

11. “Surge: Your Guide to Put Any Idea Into Action” by Matt Kane, Steve Garguilo and Sergiy Skoryk

So many of us have ideas that we’re passionate about. Unfortunately, we sit on these ideas waiting for the “perfect” time or opportunity to act. The reality is that there is no such thing as the right moment. “Surge” will provide you with the strategies to finally bring your ideas to life.

Key quote: “If you want something different, it’s time to do something different. It’s time to act.”

12. “The Power of Habit: Why We Do What Do in Life and Business” by Charles Duhigg

Award-winning business reporter Charles Duhigg uses fascinating stories and scientific discoveries to clarify how habits work, ways to change existing patterns, and what can be done to establish new habits. By focusing on good habits we’re better equipped to achieve more than we ever imagined. The Power of Habit is definitely a must-read.

Key quote: “The Golden Rule of Habit Change: You can’t extinguish a bad habit, you can only change it.”

13. “Time Warrior: How to Defeat Procrastination, People-pleasing, Self-doubt, Over-commitment, Broken Promises and Chaos” by Steve Chandler

Time Warrior is an astute and digestible book that instructs readers to become “non-linear.” When you accomplish this you’ll start to manage your priorities and stop letting people-pleasing and fear hold you back. As a result, you’ll become motivated to hone-in on the big picture.

Key quote: “Action is the answer.”

14. “Essentialism: The Disciplined Pursuit of Less” by Greg McKeown

I’d say that the key to productivity is being able to distinguish between what’s essential and what’s not. Thankfully, Essentialism can guide you in determining how to prioritize your tasks and cutting-out the extraneous stuff so that you only focus on what’s most important.

Key quote: “Essentialism is not about how to get more things done; it’s about how to get the right things done. It doesn’t mean just doing less for the sake of less either. It is about making the wisest possible investment of your time and energy in order to operate at our highest point of contribution by doing only what is essential.”

Related: Discipline Is What Leads to Success

15. “15 Secrets Successful People Know About Time Management- The Productivity Habits of 7 Billionaires, 13 Olympic Athletes, 29 Straight-A Students, and 239 Entrepreneurs” by Kevin Kruse

Kevin Kruse, a best-selling author and entrepreneur, asked 200 different successful business owners, athletes, and straight-a students, “What is your number one secret to productivity?”

After analyzing the results, Kruse found that they all shared 15 Secrets Successful People Know About Time Management. These include:

  • Focusing on minutes, not hours.
  • Doing one thing at a time.
  • Not using to-do-lists.
  • Beating procrastination with time travel.
  • Making it home for dinner.
  • Using a notebook.
  • Processing their email only once a day.
  • Avoiding meetings at all costs.
  • Saying “no” to almost everything.
  • Following the 80/20 Rule.
  • Delegating most tasks.
  • Creating theme days.
  • Touching things only one time.
  • Establishing and following a morning routine.
  • Maintaining their energy by getting enough sleep, eating healthy, and working in sprints.

Key quote: “Actually, highly successful people don’t think about time much at all. Instead, they think about values, priorities, and consistent habits.”

Source: Entrepreneur
Author: John Rampton Continue reading 15 of the Best Time Management and Productivity Books of All Time

Posted on

New York AG reportedly issues subpoenas to 2 banks relating to Trump Org. projects

The New York attorney general’s office is looking into ties between Deutsche Bank and Investors Bank and several Trump Organization projects, the New York Times reported late Monday.

The attorney general’s office issued subpoenas late Monday to the banks, which opens an additional line of inquiry into Deutsche Bank’s dealings with Trump, the newspaper reported, citing one unnamed source.

The Democratic-controlled Intelligence Committee and Financial Services Committee in Congress have been exploring the finances of the Republican president and his businesses including his ties to Deutsche, one of the world’s largest financial institutions.

Deutsche Bank has lent Trump Organization hundreds of millions of dollars for real estate ventures and is one of the few major lenders that has given large amounts of credit to Trump after a string of bankruptcies at his hotel and casino businesses during the 1990s.

The newspaper said the new civil investigation into Deutsche was prompted by congressional testimony last month of Trump’s former personal attorney Michael Cohen.

Cohen testified that Trump inflated the stated worth of his assets in financial statements. The former attorney submitted copies of statements he said had been provided to Deutsche.

Investors Bank was subpoenaed for records relating to Trump Park Avenue, a project it had backed, the Times reported.

Neither the New York attorney general’s office nor Trump representatives were available for comment early Tuesday. Investors Bank representatives could not immediately be reached.

A spokesman for Deutsche Bank in Frankfurt declined to comment.


Top News & Analysis

Author: Continue reading New York AG reportedly issues subpoenas to 2 banks relating to Trump Org. projects

Posted on

Nissan and Renault to form a new governing board after Ghosn ouster

Japan’s Nissan Motor and France’s Renault on Tuesday retooled the board structure of the world’s largest car-making alliance, putting themselves as equals after the ouster of former boss Carlos Ghosn.

They said the chairman of Renault would serve as the chairman of the alliance but — in a critical sign of the rebalancing —not as chairman of Nissan. It was not immediately clear who would take that job, vacant since Ghosn was arrested in November.

The ouster of Ghosn, one of the world’s most celebrated executives for his rescue of Nissan from near-bankruptcy in 1999, had caused much soul-searching about the future of the alliance. Nissan has said the executive wielded far too much power, creating a lack of oversight and corporate governance.

“This is an equal partnership,” Nissan Chief Executive Hiroto Saikawa told a news conference.

But the companies, including junior partner Mitsubishi Motors, said there would be no change to their cross-shareholding agreements. The so-called “RAMA” alliance agreement that has bound them together so far remains intact.

Separately, a Tokyo court on Monday rejected Ghosn’s request to attend Nissan’s board meeting, denying a seat at the table to the executive who drove the alliance with Renault for two decades.

Released on a $9 million bail last week after spending more than 100 days in a Tokyo detention center, Ghosn faces charges of under-reporting his salary at Nissan by about $82 million over nearly a decade — charges he has called “meritless.”

In the wake of the scandal, Renault has started its own review of payments to Ghosn. French prosecutors have opened a preliminary inquiry into how he financed his 2016 wedding at the Chateau de Versailles, French media have reported.

His dramatic arrest in November and the detention exposed tensions between Nissan and its top shareholder Renault, and appeared to muddy the outlook for the future of the alliance – the world’s largest maker of automobiles, excluding heavy trucks.

Some at Nissan had been unhappy with Ghosn’s push for a deeper tie-up with Renault, which was seen as possibly including a full merger. Smaller Renault bought 43 percent of Nissan ahead of the 1999 rescue.

Nissan holds a 15 percent, non-voting stake in Renault, whose top shareholder is the French government.


Top News & Analysis

Author: Continue reading Nissan and Renault to form a new governing board after Ghosn ouster

Posted on

UnitedHealth expands program that requires drug discounts be passed on to consumer

UnitedHealth said Tuesday all of its new employer-sponsored plans in 2020 will pass discounts paid to so-called pharmacy benefits managers (PBMs) to consumers at the pharmacy counter.

CVS Health’s Caremark unit, and Cigna’s newly acquired Express Scripts unit all offered plans which passed discounts to consumers at the point of the sale for 2019.

The insurers have indicated that take-up of those plans has been slow for 2019, but investors see increased pressure for them to abandon rebates across all of their businesses for 2020 contracts, potentially pressuring margins.

–Reuters contributed to this report.


Top News & Analysis

Author: Continue reading UnitedHealth expands program that requires drug discounts be passed on to consumer

Posted on

MMA star Conor McGregor arrested after allegedly stomping on fan’s cellphone

Authorities say mixed martial artist and boxer Conor McGregor has been arrested in South Florida for stealing the cellphone of someone who was trying to take his photo.

According to a Miami Beach police report, the 30-year-old McGregor was arrested Monday afternoon and charged with robbery and criminal mischief.

The report says McGregor was leaving the Fontainebleau Miami Beach shortly after 5 a.m. Monday when a 22-year-old man attempted to take a picture of McGregor. Police say McGregor slapped the phone out of the man’s hand and then stomped on it several times. Investigators say McGregor then grabbed the phone and left the area. Police later found McGregor at his local address.

McGregor was being held on $12,500 bail. Jail records didn’t list an attorney.

McGregor, who’s from Ireland, is the former UFC featherweight and lightweight champion and one of the biggest draws in MMA. He returned to UFC last fall after a hiatus during which he made his boxing debut, a loss to Floyd Mayweather. He was suspended from UFC for six months and fined $50,000 for a brawl after his loss to Khabib Nurmagomedov in October.


Top News & Analysis

Author: Continue reading MMA star Conor McGregor arrested after allegedly stomping on fan’s cellphone