Activist investor Macellum Capital Management is back on the attack against lagging department store retailer Kohl’s (KSS) less than a year after reaching a settlement agreement. In a scathing new letter on Tuesday, Macellum says Kohl’s is a company “without accountability” and the executive team is “incapable” of developing the right assortment and value proposition that resonates with shoppers. “The Kohl’s board of directors needs a shareholder in the room that has a sense of urgency,” said… Source link

Brooklyn Nets star James Harden isn’t just producing on the court. The nine-time NBA All-Star, through his Impact 13 Foundation, donated approximately 5,000 essential supplies to children in Haiti last week. Performance apparel such as Adidas backpacks, socks, shoes, water bottles and basketballs as well as personal hygiene products such as Art of Sport deodorant, body wash, lotion, Gopuff tampons, condoms and postpartum undergarments were distributed to more than 300 kids. “Leading by… Source link

MT Newswires 2022 All news about YANDEX N.V. Analyst Recommendations on YANDEX N.V. Sales 2021 350 B 4 551 M … Source link

Higher pay to retain and attract employees impacted Goldman Sachs profits, and the big bank’s CEO says companies across industries are experiencing the same thing. “There is real wage inflation everywhere in the economy. Everywhere,” Goldman Sachs CEO David Solomon told analysts on the company’s fourth quarter earnings call on Tuesday. In the final quarter of 2021, the bank logged $3.2 billion in expenses associated with compensation and benefits — a 31% increase compared to the same… Source link

SPRINGFIELD, Massachusetts — The top high school basketball teams descended on the Basketball Hall of Fame for one of the best showcases of the year, the Hoophall Classic. Basketball fans packed the gym at Springfield College over the weekend to get a glimpse of future NBA stars. Boston Celtics forward Jayson Tatum even made the two-hour drive from Boston to support his alma mater, Chaminade High School, on Sunday. The Celtics star played in this event in 2016, scoring 40 points against… Source link

The Los Angeles Lakers‘ braintrust is leaning heavily toward making coach Frank Vogel the scapegoat for their own failure to build another NBA championship-level roster around LeBron James and Anthony Davis. Vogel was “coaching for his job” during Monday’s victory against the Utah Jazz and will continue to be “evaluated on a game-to-game basis” going forward, according to The Athletic’s Bill Oram and Sam Amick.  In other words, Vogel could be fired any day now. The Lakers won the title just… Source link

Yandex (NASDAQ:YNDX)’s share price hit a new 52-week low during trading on Tuesday after Citigroup lowered their price target on the stock from $90.00 to $75.00. The company traded as low as $48.76 and last traded at $49.48, with a volume of 75828 shares. The stock had previously closed at $52.34. A number of other equities research analysts have also recently commented on the company. HSBC raised Yandex from a “hold” rating to a “buy” rating and raised their price target for the company… Source link

The Department of Veterans Affairs (VA) signed a $13 million contract with Google Cloud to help developers create new apps and tools to improve veterans’ access to VA services and data.   The partnership will enable the VA to scale its Lighthouse API program, which provides access to VA application programming interfaces (APIs) to develop new apps and other data tools, according to the department. Serving more than 19 million veterans and their families, the VA is the largest healthcare… Source link

After seeing a brutal reception on public exchanges post IPO in 2021, Bank of America strategists think it’s time to strike on a few unloved market newbies. “Fundamentals remain intact for many of the 2021 IPOs,” says BofA strategists Jill Carey Hall and Thomas Thornton.  The strategists listed 16 companies with an average market cap of $1.22 billion where they believe the fundamentals — notably revenue outlooks — continue to be favorable and perhaps disconnected from their current… Source link

Activision Blizzard (ATVI) shares closed 25% higher on Tuesday after Microsoft (MSFT) announced it will acquire the video game publisher for $95 per share. The deal, valued at $68.7 billion is Microsoft’s largest takeover ever.  When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent (TCEHY) and Sony (SONY), according to the tech giant. The deal illustrates another consolidation move within the gaming industry — and massive bet… Source link