Tag Archive: 10 day guarantee

Billionaire Koch brothers help Meredith secure £2.8bn deal to buy Time Inc

Billionaire Koch brothers help Meredith secure £2.8bn deal to buy Time IncMeredith Corporation is to buy Time Inc for $2.8bn (£2.1bn) after securing extra funding from billionaire brothers Charles and David Koch. The media conglomerate expressed interest in buying Time earlier this year but had to walk away when it could not secure the necessary financing. Now a $650m cash injection from Koch Equity Development, a fund owned by the Koch brothers, has enabled Meredith to complete the deal. Iowa-based Meredith will buy Time's eponymous magazine, as well as other titles in the portfolio such as Fortune and Sports Illustrated. British magazines owned by Time Inc's UK subsidiary will also be sold, such as Marie Claire, Livingetc and NME, which were formerly owned by IPC Media before it was rebranded in 2014. Meredith's deal values the company's assets at about $1.7bn with the remainder buying up Time Inc's debt. The merger is expected to be finalised in the first quarter of 2018. Meredith, which owns titles including Better Homes & Gardens and Family Circle, will now have a combined readership of just under 200 million people, including paid circulation of nearly 60 million. The firm's chairman and CEO Stephen Lacy said: "We are creating a premier media company serving nearly 200 million American consumers across industry-leading digital, television, print, video, mobile and social platforms positioned for growth." Meredith played down concerns that the Koch brothers, two of the world's richest men who are known for their advocacy of conservative and libertarian policies, would have a say in the editorial direction of the company. It said: “[Koch Equity Development] will not have a seat on the Meredith board and will have no influence on Meredith’s editorial or managerial operations. "KED’s non-controlling, preferred equity investment underscores a strong belief in Meredith’s strength as a business operator, its strategies, and its ability to unlock significant value from the Time acquisition.” The boards of both companies have approved the transaction, Meredith added.

Source: Yahoo Finance

Love Dividends? 3 Stocks You Might Want to Buy

Love Dividends? 3 Stocks You Might Want to BuyThese pipeline companies offer a compelling current yield with visible upside from growth projects in development.

Source: Yahoo Finance

1 job, 2 people: Who'll be in charge at consumer agency?

1 job, 2 people: Who'll be in charge at consumer agency?Who’s the boss? That’s the awkward question after the departing head of a government agency charged with looking after consumer rights appointed a deputy to temporarily fill his spot. The White House then …

Source: Yahoo Finance

Who's the boss come Monday at consumer agency?

Who's the boss come Monday at consumer agency?Who’s the boss? That’s the awkward question after the departing head of a government agency charged with looking after consumer rights appointed a deputy to temporarily fill his spot. The White House then …

Source: Yahoo Finance

Trump Sets Up Clash Over CFPB Leadership by Naming Mulvaney

Trump Sets Up Clash Over CFPB Leadership by Naming MulvaneyPresident Donald Trump said he is naming White House budget director Mick Mulvaney to be the temporary head of the Consumer Financial Protection Bureau, setting up what could be a high-stakes clash over …

Source: Yahoo Finance

U.S. shoppers browse stores, buy online as Black Friday deals beckon

U.S. shoppers browse stores, buy online as Black Friday deals beckonCHICAGO/NEW YORK (Reuters) – U.S. stores offered deep discounts, entertainment and free gifts to lure bargain hunters on Black Friday, the traditional start of the holiday retail season, but some shoppers said they were just browsing the merchandise, reserving their cash for internet purchases. On Thanksgiving Day, U.S. shoppers spent more than $2.87 billion online.

Source: Yahoo Finance

Zimbabwe asks if new leader, a Mugabe ally, can bring change

Zimbabwe asks if new leader, a Mugabe ally, can bring changeZimbabwe’s new president Emmerson Mnangagwa, widely known as the Crocodile, is seen as a smart, ruthless politician, but many question if he will be able to bring the change the country craves. “We …

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6 Days Left To The Coca-Cola Company (KO)’s Ex-Dividend Date, Is It Worth Buying?

6 Days Left To The Coca-Cola Company (KO)’s Ex-Dividend Date, Is It Worth Buying?Investors who want to cash in on The Coca-Cola Company’s (NYSE:KO) upcoming dividend of $0.37 per share have only 6 days left to buy the shares before its ex-dividend date,Read More…

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3 Stocks for Warren Buffett Fans

3 Stocks for Warren Buffett FansBuffett is bullish on these three stocks, and our panel of investors thinks that you can benefit by following his lead.

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JPMorgan's Dimon says Trump likely to be a one-term president

JPMorgan's Dimon says Trump likely to be a one-term presidentCHICAGO/NEW YORK (Reuters) – Jamie Dimon, chief executive officer of JPMorgan Chase & Co (JPM.N), on Wednesday said he expects to see a new U.S. president in 2021 and advised the Democratic party to come up with a “pro-free enterprise” agenda for jobs and economic growth instead. Asked at a luncheon hosted by The Economic Club of Chicago how many years Republican President Donald Trump will be in office, Dimon said, “If I had to bet, I’d bet three and half.

Source: Yahoo Finance

Cold War drama caught on video as N. Korean soldier escapes

Cold War drama caught on video as N. Korean soldier escapesIt’s 3:11 p.m. on a cold, gray day on the North Korean side of the most heavily armed border in the world, and a lone soldier is racing toward freedom. His dark olive-green jeep speeds down a straight, …

Source: Yahoo Finance

Venezuela arrests Citgo chief in anti-corruption dragnet

Venezuela arrests Citgo chief in anti-corruption dragnetCARACAS, Venezuela (AP) — Venezuelan authorities detained the acting president of Citgo, the state-owned oil company's U.S. subsidiary, and five other executives for their alleged involvement in a corruption scheme, officials said Tuesday.

Source: Yahoo Finance

US ending temporary permits for almost 60,000 Haitians

US ending temporary permits for almost 60,000 HaitiansThe Trump administration said Monday it is ending a temporary residency permit program that has allowed almost 60,000 citizens from Haiti to live and work in the United States since a 2010 powerful earthquake …

Source: Yahoo Finance

Charles Manson, whose brutality made him face of evil, dead

Charles Manson, whose brutality made him face of evil, deadCharles Manson, the hippie cult leader who became the hypnotic-eyed face of evil across America after masterminding the gruesome murders of pregnant actress Sharon Tate and six others in Los Angeles during …

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Sen. Lamar Alexander: I like GOP majority, but problems n…

Sen. Lamar Alexander: I like GOP majority, but problems n...John Harwood, CNBC Chief Washington Correspondent, talks to Tennessee Senator Lamar Alexander about the Senate candidacy of Alabama's Roy Moore, who's been accused of sexual misconduct by several women.

Source: Yahoo Finance

REVIEW: Amazon's newest Echo is better than the original in every way, but you don't need it if you already have one (AMZN, GOOG, GOOGL)

REVIEW: Amazon's newest Echo is better than the original in every way, but you don't need it if you already have one (AMZN, GOOG, GOOGL)The new Amazon Echo, which costs $99 normally, will be $80 on Black Friday. All Amazon Echo devices have access to the best Alexa features as it is. While Google is also deep-discounting its competing Google Home, the Amazon Echo is a fine choice for anybody who wants a smarter speaker.

Source: Yahoo Finance

2nd round of Mugabe exit talks as party begins to oust him

2nd round of Mugabe exit talks as party begins to oust himClinging to his now virtually powerless post, longtime Zimbabwe President Robert Mugabe on Sunday was set to discuss his expected exit with the army commander who put him under house arrest, while the …

Source: Yahoo Finance

A Close Look at Starbucks Corporation's Double-Digit Dividend Increase

A Close Look at Starbucks Corporation's Double-Digit Dividend IncreaseStarbucks' 20% dividend increase and management's plan to return even more cash to shareholders shows why the coffee giant is such a solid dividend stock.

Source: Yahoo Finance

Tesla Truck Unveiled (Wow!): 8 Key Things You Should Know

Tesla Truck Unveiled (Wow!): 8 Key Things You Should KnowTesla's electric semi truck — slated for launch in 2019 — will have an amazingly long range of 500 miles per charge.

Source: Yahoo Finance

Alabama's Moore Slips Out of Poll Lead for First Time in Race

Alabama's Moore Slips Out of Poll Lead for First Time in RaceRepublican candidate Roy Moore has slipped behind his Democratic opponent in polls of the Alabama Senate race for the first time, as his support erodes following allegations he made inappropriate sexual …

Source: Yahoo Finance

Here's the next-generation Tesla Roadster

Here's the next-generation Tesla RoadsterBase price is $200,000.

Source: Yahoo Finance

Elon Musk opens up about heartbreak

Elon Musk opens up about heartbreakElon Musk told Rolling Stone that he doesn't think he can be happy without a long-term companion, and said he's having trouble meeting women.

Source: Yahoo Finance

Police knew 'madman' had guns before killing rampage

Police knew 'madman' had guns before killing rampagePolice on Wednesday called the deadly shooting rampage in California a clear case of “a madman on the loose” while defending their decision not to arrest the man for previously violating a court …

Source: Yahoo Finance

Cisco beats analysts' expectations and finally sees its way out an 8-quarter revenue decline streak

Cisco beats analysts' expectations and finally sees its way out an 8-quarter revenue decline streakCisco’s stock shot up 4% in after-hours trading Wednesday after the company announced the end of its multi-quarter decline. The company posted a steady $12.136 billion in revenue for the first quarter of 2018, compared to the quarter before when Cisco saw $12.133 billion come in. While revenue is still down 2% from the year before, investors were assuaged by the promise of 1% to 3% year-over-year growth in the upcoming second quarter.

Source: Yahoo Finance

Zimbabwe army has Mugabe, wife in custody, controls capital

Zimbabwe army has Mugabe, wife in custody, controls capitalZimbabwe’s army said Wednesday it has President Robert Mugabe and his wife in custody and is securing government offices and patrolling the capital’s streets following a night of unrest that included a …

Source: Yahoo Finance

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