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 Starboard plans to sell more of its Darden stock
Orlando Sentinel (Florida), February 9, 2016 Tuesday

 Starboard Value plans to sell another $153 million worth of Darden stock, the second time this year that the hedge fund has cut its stake in the Orlando-based restaurant company.
 Pemex Chief Steps Down as Oil Prices Keep Falling
The New York Times, February 9, 2016 Tuesday

 MEXICO CITY -- The chief executive of Mexico's state-owned oil company Pemex, Emilio Lozoya Austin, stepped down on Monday, a casualty of the energy giant's struggle with collapsing oil prices and declining production.
 JPMorgan Backs Geithner's Investments With Warburg Pincus
The New York Times, February 9, 2016 Tuesday

 Timothy F. Geithner has joined fellow Warburg Pincus partners in securing financing to make personal investments in the private equity firm's funds. Mr. Geithner, the former Treasury secretary who joined Warburg two years ago as its president, has a line of credit with JPMorgan Chase, according to a December filing with New York State.
 Allianz Global Investors to Buy Rogge Global Partners
The New York Times, February 9, 2016 Tuesday

 LONDON -- The investment manager Allianz Global Investors said on Monday that it had agreed to acquire Rogge Global Partners, a fixed-income firm in London, for an undisclosed amount.
 Chipotle Outlines Food Safety to Workers and Message for Public
The New York Times, February 9, 2016 Tuesday

 Chipotle Mexican Grill closed its more than 2,000 restaurants for four hours on Monday to hold a ''virtual'' town hall meeting with its employees about steps it said it was taking to improve food safety and regain consumers' trust. ''People will come back,'' Steve Ells, the company's founder and co-chief executive, told more than 50,000 employees, who were connected to Chipotle's Denver headquarters via video.
 Verizon considering bid for Yahoo's assets
USA TODAY, February 9, 2016 Tuesday

 Verizon is considering a bid for Yahoo and reportedly has AOL CEO Tim Armstrong exploring the deal. The telecommunications giant has given Armstrong, who heads the AOL unit acquired by Verizon in May for $4.4 billion, a chief role in preliminary discussions on a bid for Yahoo's assets, according to Bloomberg, citing a person close to the situation.
 For these 29 companies, time is running out; U.S.-based firms on list of 218 companies with lowest credit ratings, negative outlooks
USA TODAY, February 9, 2016 Tuesday

 Tick, tock. Time is running down fast for a number of companies. There are now 218 companies globally that are considered to be "weakest links," or those with the lowest credit ratings (B- or lower) that also have negative outlooks, Standard & Poor's Ratings Services says. These are the companies that are rapidly careening toward the point of financial pressure where default becomes more likely.
 Apple or Alphabet: Which one's for you?; Investors favoring Alphabet, but Apple may be the better bet
USA TODAY, February 9, 2016 Tuesday

 Apple and Google parent Alphabet are battling with each other to be the world's most valuable company. Investors just want to know which one will be the most valuable in their portfolios.
 Chrysler recalls 500,000 Dodge Chargers because they may fall when tire is changed;
The Houston Chronicle, February 7, 2016 Sunday Correction Appended

 Fiat Chrysler Automobiles is recalling almost 505,000 2011-16 Dodge Chargers, including about 442,000 in the United States, because the vehicle might fall off the jack when a tire is being changed, according to a report by the automaker posted Saturday on the website of the National Highway Traffic Safety Administration.
 Mall Chief Amends Amazon Remark
The New York Times, February 8, 2016 Monday

 SEATTLE -- A day after saying that Amazon plans to open hundreds of physical bookstores, the chief executive of a large shopping mall operator has backed away from the comments.
 Changing Course, BlackBerry Cuts 200 Employees
The New York Times, February 8, 2016 Monday

 OTTAWA -- In what appears to be part of its retrenchment from making phones, BlackBerry said on Friday that it has laid off 200 workers at its head office in Ontario and at an office in Florida.
 Inquiry Over Fiat Chrysler Roll-Away Concern Widens to 856,000 Vehicles
The New York Times, February 8, 2016 Monday

 Federal regulators said on Saturday that they had intensified an investigation into about 856,000 Fiat Chrysler models, citing a concern that the vehicles could roll away when drivers think the automatic transmission is set on
 One Lawyer for Plaintiffs Suing G.M. Steps Up Criticism of Another
The New York Times, February 8, 2016 Monday

 The infighting among lawyers for the plaintiffs suing General Motors over a flawed ignition switch intensified after one who helped uncover the defect sharpened his attacks against another who is heading the case. In a court filing on Friday in Federal District Court in Manhattan, Lance Cooper, the lawyer who helped bring the switch defect to light, again urged the federal judge presiding over the case to remove a plaintiffs' lawyer, Robert C. Hilliard of Corpus Christi, Tex., from a leadership...
 Credit Suisse Chief Seeks a Bonus Cut
The New York Times, February 8, 2016 Monday

 LONDON -- Tidjane Thiam, the chief executive of Credit Suisse, has asked the company's board to reduce his bonus, days after the Swiss bank reported a multibillion-dollar loss in the fourth quarter.
 A Short Shutdown for Chipotle, Viacom's Earnings and Yellen to Testify
The New York Times, February 8, 2016 Monday

 Chipotle Stores to Close Temporarily Chipotle Mexican Grill plans to close its more than 2,000 restaurants on Monday until 3 p.m. local time to address its 60,000 employees about the food-borne illnesses that have put a severe crimp in its financial performance and have led to lawsuits and a federal investigation. According to Chipotle, the event will be used to thank employees for their hard work in learning new food safety protocols and to explain the steps Chipotle is taking to improve food...
 Kohl's stock tumbles 19% | Retailer cuts 2015 earnings projection after weak Q4 sales
Milwaukee Journal Sentinel (Wisconsin), February 5, 2016 Friday

 Kohl's Corp. shares plunged nearly19%Thursday as the company cut its earnings projection for 2015 and reported lackluster sales at existing stores for the fourth quarter.  The retailer's stock fell $9.61 to close at $41.52. That's the lowest closing price for Kohl's since July 2009, according to Yahoo Finance. The reaction followed Kohl's announcement that it now expects 2015 earnings, excluding one-time costs for retiring debt, to come in at $3.95 to $4.00 per share. Previously, the company...
 CIGNA'S NET PROFITS FALL; 4TH QUARTER
Hartford Courant (Connecticut), February 5, 2016 Friday

 Net profits from Cigna Corp. fell nearly 9 percent in the final quarter of 2015, from $467 million, or $1.77 per share at the end of 2014 to $426 million, or $1.64 a share.
 Wall Street eyes return of stock buybacks; Share repurchases might help calm anxious market
USA TODAY, February 5, 2016 Friday

 Given the rocky start to 2016, Wall Street is hoping Corporate America -- a big buyer of U.S. stocks in recent years -- will resume purchasing its own stock as the quarterly earnings season winds down and the regulatory-driven share-repurchase "blackout" is lifted.
 RETAIL SALES; L Brands posts record sales despite slump in January;
The Columbus Dispatch (Ohio), February 5, 2016 Friday

 L Brands reported record fourth-quarter sales despite a weak showing in January. On Thursday, the Columbus-based parent of Victoria's Secret and Bath & Body Works reported sales of $4.4 billion for the fourth quarter, ended Jan. 30. That's up from sales of $4.1 billion for the same quarter a year ago.
 Kohl's suffers worst losses in over 20 years
The Philadelphia Inquirer, February 5, 2016 Friday

  Kohl's Corp. suffered its biggest stock decline in more than two decades after slow fourth-quarter sales weighed on earnings, renewing concerns that the department-store industry is mired in a slump.
 Broadridge Financial Solutions in Lake Success reports 16% net rise
Newsday (New York), February 5, 2016 Friday

 Broadridge Financial Solutions Inc. Thursday reported its profit increased 16 percent in the October-December period compared with a year earlier on higher sales from its investor communications unit and acquisitions made last year.
 Shell Profit Slides 56% at the End of a Terrible Year for Oil
The New York Times, February 5, 2016 Friday

 LONDON -- Royal Dutch Shell became the latest big energy company to file a damage report on the impact of depressed oil prices, saying on Thursday that its adjusted profit fell 56 percent in the fourth quarter of 2015 compared to a year earlier. But the company's stock rose about 5 percent in Amsterdam trading, as Shell said it would maintain its dividend, paying out at least $1.88 a share for 2016.   Promising to continue to pay dividends, which some other big petroleum companies have also...
 Deal Shows Investors Are Willing to Make a Blind Bet on Uber
The New York Times, February 5, 2016 Friday

 A deal about to close on Wall Street illustrates just how much some investors are willing to give up to gain a piece of the hottest start-up. Wealthy clients of Morgan Stanley are piling into a special fund that gives them a chance to bet on Uber, people briefed on the transaction said. The fund, called New Riders L.P., is a lesser-known contribution to the billions of dollars in capital that Uber, the private ride-sharing company, has been raising in recent months.   Yet unlike the other...
 Yet Another Recall Involves Five Million Vehicles Worldwide
The New York Times, February 5, 2016 Friday

 In a case that echoes the Takata airbag recalls, automakers including Honda and Fiat Chrysler will recall about five million vehicles worldwide to fix a defect in an airbag component known for years but left unaddressed. Continental Automotive Systems, the German supplier that manufactures electronic components that control car airbags, has been aware of a defect in some units since January 2008, according to a filing with federal safety regulators made public on Thursday.   Semiconductors...
 Symantec Takes a $500 Million Investment and Will Return Cash to Stockholders
The New York Times, February 5, 2016 Friday

 SAN FRANCISCO -- Fresh off finally completing the sale of a major division to a private equity firm, Symantec is moving forward -- with the help of another big financial investor. Symantec announced Thursday that it had taken a $500 million investment from the investment firm Silver Lake Partners, as the company moves to focus on its core security software and services.   The company also disclosed that it would use both the proceeds from the Silver Lake investment and the cash that it...
    

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