Month: May 2020

Sun Hung Kai, Kwok family sell 30 per cent stake in office space at Hong Kong’s most expensive commercial site to Ping An Life for US$1.45 billion

Sun Hung Kai Properties (SHKP) and its controlling shareholder, the Kwok family, are to sell 30 per cent of the office portion of Hong Kong’s most expensive commercial project.

Ping An Life Insurance will buy the space on top of the West Kowloon high-speed rail station for HK$11.27 billion (US$1.45 billion), SHKP said in a statement on Wednesday evening.

SHKP won the biggest parcel of commercial land ever sold in the city for a record HK$42.23 billion (US$5.4 billion) in November last year.

“Local property firms are unlikely to increase their [borrowing for expansion] in these market conditions, but mainland

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Lessons From a Quarter We’d Like to Forget

(Bloomberg Opinion) — With first-quarter earnings mostly in the books, investors have now gotten their first detailed glimpse of how the coronavirus pandemic has affected profits in corporate America. To no one’s surprise, the results as a whole weren’t good: Earnings fell about 14% from a year earlier for members of the S&P 500 Index, according to DataTrek Research. 

Wall Street analysts expect things to get worse before they get better, with earnings forecast to plunge about 41% in the second quarter, decline 24% in the third quarter and drop 11% in the final three months of the year. Add

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Edited Transcript of K earnings conference call or presentation 30-Apr-20 1:30pm GMT

Battle Creek Apr 30, 2020 (Thomson StreetEvents) — Edited Transcript of Kellogg Co earnings conference call or presentation Thursday, April 30, 2020 at 1:30:00pm GMT

* John P. Renwick

* Steven A. Cahillane

Sanford C. Bernstein & Co., LLC., Research Division – Senior Analyst

Evercore ISI Institutional Equities, Research Division – Senior MD & Fundamental Research Analyst

* Kenneth B. Goldman

Good morning. Welcome to the Kellogg Company’s First Quarter 2020 Earnings Call. (Operator Instructions) Thank you. Please note, this event is being recorded.

At this time, I will turn the call over to John Renwick, Vice President of Investor … Read more

6 All-Star Women Investors

Today’s female trailblazers in business and finance

Men aren’t the only ones who have made names for themselves as investors. One of the earliest American women to blaze a trail in finance was suffragette Victoria Woodhull. In 1870, she and her sister, Tennessee, became the first female stockbrokers and opened the first woman-owned Wall Street brokerage firm. Madam C.J. Walker created a vast business empire a few decades later by selling a line of homemade hair-care products for black women. At the time of her death in 1919, Walker was considered the wealthiest self-made, African-American businesswoman. In 1967, Muriel Siebert

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Coronavirus job advice for the class of 2020: Prof. Brian Brenberg

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Students graduating from college this spring are entering the toughest job market in a decade or more, as the result of the coronavirus pandemic that has shut down many businesses and boosted the unemployment rate to its highest level since the Great Depression.

But the economic uncertainty created by the coronavirus doesn’t mean young job seekers are out of options. In a moment of chaos, the best strategy is to focus on what you can control. For this year’s college graduates, that means

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