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LabCorp asks for dismissal of class-action lawsuit claiming it overcharges patients http://feeds.bizjournals.com/~r/industry_6/~3/tSHRBl8Vvhc/labcorp-asks-for-the-dismissal-of-classaction.html Jun 13, 2017 - Laboratory Corporation of America Holdings (NYSE: LH) has asked a court to dismiss a class-action lawsuit that claims the Burlington-based company is overcharging patients for diagnostic tests. In asking the court to dismiss the lawsuit, LabCorp said the claims are too varied to qualify as a class action and would result in the court regulating the price of thousands of medical tests. The lawsuit, which was filed in the Middle District of North Carolina earlier this year, alleges that the prices…
These stocks aren’t in bubble territory – at least not yet http://www.cnbc.com/2017/06/13/stocks-are-not-in-a-bubble-territory-yet.html Jun 13, 2017 - The route in FAAMG stocks is generating a debate about whether these names are in a bubble.
Sears is cutting hundreds of HQ corporate jobs http://feeds.bizjournals.com/~r/industry_18/~3/yUjz5lKewQI/sears-is-cutting-hundreds-of-hq-corporate-jobs.html Jun 13, 2017 - Sears Holdings is cutting 400 corporate jobs, primarily at its headquarters in Hoffman Estates, Illinois. The move is part of the company’s efforts to simplify its organizational structure as it races to woo consumers who have shifted to Amazon and Wal-Mart. The Chicago-based retailer said that the layoffs represent a “small fraction of our total headcount.” "We are making progress with the fundamental restructuring of our operations that we initiated in February," CEO Edward Lampert said…
Fed Steps Onto Center Stage As Info Tech Licks Wounds After Two-Day Slide https://seekingalpha.com/article/4081084-fed-steps-onto-center-stage-info-tech-licks-wounds-two-day-slide?source=feed_all_articles Jun 13, 2017 - As Fed meeting begins, chances of a rate hike stand near 99%, according to Fed funds futures.Two other central banks, the Bank of England and the Bank of Japan, also hold meetings this week. Analysts
Better Buy: Netflix Inc. vs. Facebook https://www.fool.com/investing/2017/06/13/better-buy-netflix-inc-vs-facebook.aspx?source=iedfolrf0000001 Jun 13, 2017 - Which of these two high-growth tech leaders is the smarter purchase today?
California rail authority expected to open competition for early high-speed train operator http://feeds.bizjournals.com/~r/industry_19/~3/tcjiatXrx1Q/california-rail-authority-expected-to-open.html Jun 13, 2017 - High-speed rail spokeswoman: "We have some aggressive timelines ahead of us.”
BNC-Pinnacle merger gets shareholder OK http://feeds.bizjournals.com/~r/industry_2/~3/gPyy54okaig/bnc-pinnacle-mergergets-shareholder-ok.html Jun 13, 2017 - The merger of High-Point based BNC Bancorp (Nasdaq: BNCN) and Pinnacle Financial Partners (Nasdaq: PNFP) of Nashville, Tennessee, has been approved by the shareholders of both entities, the banks announced on Monday. Pinnacle is acquiring BNC for $1.9 billion in stock. In an interview following the acquisition announcement in January, BNC President and CEO Richard D. Callicutt II characterized the deal as a “merger of opportunity.” "As we looked at our company and our franchise and looked…
Better Buy: Amazon.com, Inc. vs. Facebook https://www.fool.com/investing/2017/06/13/better-buy-amazoncom-inc-vs-facebook.aspx?source=iedfolrf0000001 Jun 13, 2017 - Comparing the leaders of social networking and e-commerce to see which is the more attractive tech stock to own today.
California rail authority expected to open competition for early high-speed train operator http://feeds.bizjournals.com/~r/industry_14/~3/ycTjeMOgsS0/california-high-speed-rail-operator-proposals.html Jun 13, 2017 - High-speed rail spokeswoman: "We have some aggressive timelines ahead of us.”
Wall Street Breakfast: Stocks Rebound As Tech Rout Fades https://seekingalpha.com/article/4081009-wall-street-breakfast-stocks-rebound-tech-rout-fades?source=feed_all_articles Jun 13, 2017 - Technology companies are helping drive a bounce in equities across the world as a selloff that started in the sector last week showed signs of abating. Should the rebound carry through into U.S. trad
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