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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 05, 2016
Page
5
Tribune Publishing unanimously rejected Gannett offers of 12.25 per share and 390 million in debt assumption viewing the proposal as opportunistic and not in shareholders' best interests. Gannett owns USA TODAY and 107 local properties.
Market roundup shows average certificate of deposit yields as of Wednesday across several banks. Investors awaited policy signals while short term rates remained steady and several institutions posted modest increases in top tier CDs.
Tesla reports a narrowed non GAAP loss of 57 cents a share or 75 million for Q1, with revenue 1.15 billion and 325000 deposits for the Model 3. Shares end the day down after hours rally as Elon Musk and CFO Jason Wheeler push a faster 500000 unit plan to 2018 citing overwhelming demand.
Inside trading data show insiders buying more than selling, adjusting for big holders. Jamie Dimon’s 27 million dollar stock buy signals confidence, while Seyhun’s model projects a 16 percent 12 month return and a Dow above 20 000. Energy and technology sectors appear most bullish, with small caps outperforming large caps.
Analysts expect the government to report solid job gains Friday, signaling a possible pickup after two weak quarters. ADP tracked 156,000 April jobs vs 195,000 expected, while Labor Department estimates hover around 200,000 with some forecasters seeing 240,000 to 250,000. Despite mixed signals, economists note near 42 year low initial claims and ISM service employment gains suggesting ongoing hiring momentum.
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