Disney Reliance on Stock Keeps Powder Dry for Coming Battle

Disney didn't borrow for Fox purchase, so balance sheet can be deployed when really needed. By. Tara Lachapelle. @taralach More stories by Tara Lachapelle. December 22, 2017, 11:00 AM PST. From. Photographer: Tomohiro Ohsumi. Walt Disney Co. truly is a magical place. It's managing to buy
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In May 2016, Mayor Sly James hit pause on a single-terminal Kansas City International Airport modernization plan headed for the August ballot that year after polls showed that a majority of local voters opposed the roughly $1 billion project. James asked the business community to step up with a plan to
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New home sales surged 26.6 percent from a year ago. That together with last month's surge in single-family homebuilding and sales of previously owned homes suggests the housing market is regaining momentum after stalling this year. Housing has been constrained by shortages of homes for sale,
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Protection money: Fannie Mae and Freddie Mac will be permitted to reserve $3 billion in capital out of their quarterly earnings to allow the two government-sponsored enterprises to build a buffer against future operating losses. The move is designed to protect the two from “fluctuations in income in the
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Colony Group LLC lifted its position in International Business Machines Corp. (NYSE:IBM) by 190.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,163 shares of the technology company's stock after buying an additional 5,357
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Fannie Mae and Freddie Mac, the country's two dominant mortgage giants, will get to keep $3 billion in capital in an agreement reached by the U.S. Treasury Department and the Federal Housing Finance Agency. The agreement is meant to help protect the companies from future losses, according to the
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The central bank is also exploring the possibility of setting up wholesale and long-term finance (WLTF) banks focused primarily on lending to infrastructure sector and small, medium and corporate businesses. The central bank expects the heterogeneous banking structure to complement and compete
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I was fortunate to attend the Fortune Global Forum in Guangzhou, China earlier this month and, as I reflected on the many high-level discussions that took place around the theme of “Openness and Innovation: Shaping the Global Economy,” it occurred to me that the discussions began to share a
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The peso will slide to 51 per dollar by end of 2018, a loss of 1.5 percent from current levels, according to the median estimate of a Bloomberg survey, with a most bearish projection of 56. The currency will be undermined as the current-account deficit widens, while the central bank is slow to raise interest
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The threat of nuclear war with North Korea has raised the stakes when it comes to defending against EMPs. By. Naureen S Malik. @naurtorious More stories by Naureen S Malik. December 22, 2017, 2:00 AM PST. Last month, federal agencies and utility executives held GridEx IV, a biennial event where
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+852 2533 3565 APAC +44 (0) 20 7176 1234 EMEA. Thursday, December 21, 2017 5:26 PM ET Blackstone Mortgage Trust closes $1B CLO. By Tiffany Rodgers. The transaction finances pari passu participation interests in 31 of the company's portfolio loans at an effective advance rate of 81.75%.
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Roche Holding AG agreed to acquire U.S. biotech Ignyta Inc. for $1.7 billion, following Bayer AG in buying into a class of experimental cancer drugs that home in on a specific mutation across many types of tumors. Ignyta investors will get $27 a share in cash, the companies said in a statement Friday.
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When Hive Blockchain Technologies Ltd. was looking to tap into the cryptocurrency fervor by going public, Canada's junior stock exchange was the obvious choice. The bar for listing was low. Retail investors, used to the rise and fall of penny stocks, were eager for the next hot thing. To help ensure a
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If you already have a $750,000 mortgage and plan to buy a second home next year, you will not be able to deduct the interest on that loan, according to Tim Steffen, director of advanced planning at Baird Private Wealth Management. If you have a smaller mortgage, let's say $600,000, up to $150,000 of
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Comerica Bank boosted its stake in Enova International Inc (NYSE:ENVA) by 43.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,466 shares of the credit services provider's stock after purchasing an additional 10,775
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Deposed Catalan President Carles Puigdemont demanded the Spanish government recognize his victory in Thursday's regional election and drop its arrest warrant to let him end a self-imposed exile in Belgium and return to power. “I will return to be sworn in if the right guarantees are offered,”
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Credits stack in the order dictated by the tax code. I'm not sure where the MCC goes in the stack, but changing it is not an option.
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The Republican-controlled Congress managed the bare minimum task of keeping the government open before the holiday recess, yet made little progress on a medley of divisive fiscal and social issues it will now be forced to confront in January. Among these are resolving a long-running dispute over
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The company has yet to issue a statement explaining the outage, though a person familiar with Coinbase told Fortune it was the result of large traffic and trading volume, and not malicious activity. The person also disavowed rumors, circulating on corners of Reddit and social media, that Coinbase faced
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The draft plan, a portion of which was obtained by Bloomberg News, is part of a state initiative funded by the federal government to help Louisiana plan for the effects of coastal erosion. That erosion is happening faster in Louisiana than anywhere in the U.S., due to a mix of rising seas and sinking land
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