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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 06, 2019
Page
6
Salesforce.com Inc rose 7.63 to 158.44 after beating first quarter profit estimates and raising full-year guidance. Pivotal Software fell 7.65 to 10.89 as it cut its revenue outlook for the year.
YouTube updated its hate speech guidelines to ban videos featuring white supremacy and neo Nazi viewpoints and to prohibit denial of proven events such as the Holocaust. The step aligns with pressure on social networks like Facebook and Twitter as concerns rise about extremism online. Separately ADP reports May payroll growth of 27,000, the smallest in nine years, with construction and manufacturing cutting jobs after April’s strong hires.
A plan to convert three Penegar buildings at 164, 170 and 176 W. Franklin Blvd into 13 residential units with a first floor commercial tenant aims to spark downtown revitalization. The city would provide a 10 year low interest redevelopment loan to cover gap financing as Dewey Anderson of Blackpine Development seeks to reuse the historic properties with a $3 million investment and a 50 percent historic tax credit. The Gastonia Facilities/Management Committee approved the proposal and the City Council will vote on June 3. The Armstrong Apartments loan history informs the financing. three affordable units are included and parking is not expected to be an issue.
Wall Street indices show modest gains with the Dow at 25 539 .57 up 207 39, Nasdaq 7 575 .48 up 48 36, and the 30 year treasury yield at 2 63 percent with a 0 03 change. Investors weigh assets as market activity persists.
FedEx announces seven day a week year round delivery. UBS analyst warns year round service may hurt margins and earnings per share. Shares slide 23.1 percent since April amid slower global growth and Huawei diversion probe adds risk. China accounts for about 6 percent of revenue, roughly 4.5 billion dollars annually.
Grapevine Texas based GameStop reports first quarter comparable store sales down 10.3 percent, scraps its dividend to save about 157 million. CEO George Sherman took over in April as the fifth chief in two years while analysts doubt the company can reverse its decline and shares fall to a 16 year low of 5.04.
The notice notes that stocks of local interest are excluded from the list. It mentions a biannual rate plus and references the most recent dividend announcer, though concrete details or names are not provided in the legible text.
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