Square Adds More Than 1% on Apple Pay Intergration

Square Adds More Than 1% on Apple Pay Intergration

Square is more than 1% higher after it and Apple (AAPL) said new Apple Pay integration now allows Square Cash users to pay for items wherever Apple Pay is accepted. The feature is enabled through Square Cash’s virtual debit card system, which debuted in September through a partnership with Visa (V). Like a traditional debit card, Square’s virtual version lets customers apply their Square Cash account balance to purchases made […]

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General Mills Reorganizes Group Structure

General Mills Reorganizes Group Structure

General Mills said Monday it has put in place a new organizational structure that aims to streamline leadership and maximize its growth potential, with about 400 to 600 positions affected worldwide. Under the new structure president and COO Jeff Harmening has assumed responsibility for global operations. As a result, General Mills will eliminate the position of international COO. Effective Jan. 1, four business groups will report directly to Harmening, each […]

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21Vianet Group Shares Slide 1.2% in After-Hours Despite Q3 Earnings, Revenue Beating Forecasts

21Vianet Group Shares Slide 1.2% in After-Hours Despite Q3 Earnings, Revenue Beating Forecasts

21Vianet Group shares dipped 1.2% in after-hours trading Monday after the company reported Q3 earnings and revenue that beat the Street’s estimates. Earnings for the quarter came in at a loss of RMB0.15, or $0.13 per share, topping the street consensus of a loss of $0.15 per share but dropping from RMB0.02 a year earlier. Revenue for the quarter came in well above analysts’ expectations at RMB968 million, or $145.2 […]

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Federated Investors To Acquire Investment Management Assets of Horizon Advisers

Federated Investors To Acquire Investment Management Assets of Horizon Advisers

Federated Investors said Monday it has reached an agreement to acquire certain investment management-related assets of Horizon Advisers, and reorganize the portfolios of three Hancock Horizon funds into comparable mutual funds which will be managed by Federated’s advisory subsidiaries. Approximately $431 million in one fixed-income and two equity funds will transition to Federated funds with comparable investment objectives and strategies. In relation to the agreement, approximately $144 million will be […]

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LifeLock Hit Highest Level Since Feb 2014

LifeLock Hit Highest Level Since Feb 2014

LifeLock ┬áis up almost 2%, off the highest level since February 2014 hit earlier in the session, after Bloomberg said Symantec Corp (SYMC), buyout group Permira and TPG are among the interested bidders for the company. First-round offers are expected to be made this month, sources familiar with the situation told Bloomberg. LifeLock is working with Goldman Sachs Group (GS) on the potential sale, which could value the company at […]

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AngloGold Ashanti Up 4%

AngloGold Ashanti Up 4%

American depositary shares of AngloGold Ashanti were rallying Monday after the gold miner reported Q3 free cash flow of $161 million, excluding a $30 million once-off cost, improving significantly from a $50 million outflow in the year-ago quarter. CEO Srinivasan Venkatakrishnan commented, “We generated strong free cash flow in the third quarter, taking this year’s cumulative free cash flow to nearly a quarter of a billion dollars, further reducing debt.” […]

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