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Markcuban-022317-lg.jpgIn stark contrast to the growing number of advocates in favor of universal basic income or UBI, business mogul Mark Cuban has said that adoption of such a policy would be the worst possible response to the impending job losses due to robots and artificial intelligence.
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J.C. Penney Q4 Profit Beats View; To Close Up To 140 Stores



Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations.
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U.S. New Home Sales Rebound Less Than Expected In January



After reporting a steep drop in U.S. new home sales in the previous month, the Commerce Department released a report on Friday showing that new home sales rebounded in the month of January. The report said new home sales climbed by 3.7 percent to an annual rate of 555,000.
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M&A

MDA To Acquire DigitalGlobe In Cash & Stock Deal - Quick Facts



MacDonald, Dettwiler and Associates Ltd. (MDA.TO) and DigitalGlobe, Inc. (DGI) announced a merger agreement, pursuant to which MDA will acquire DigitalGlobe for $35.00 per share in a combination of cash and stock. The transaction values DigitalGlobe at an equity value of approximately C$3.1 billion or...
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Applied Optoelectronics Inc. (AAOI) Has Surged To A New High On Q4 Results



Applied Optoelectronics Inc. (AAOI) reported fourth quarter non-GAAP EPS of $0.84 after the close Thursday, up from $0.22 last year. Applied Optoelectronics gapped up sharply Friday and has continue to rise in early trade. Shares are now up 7.11 at $44.58 on above average volume. The stock has gaining...
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IPO Watch: Aramco Wants To List On NYSE, Reports Say



Saudi Arabia is reportedly considering to list its state-run oil behemoth Saudi Aramco in New York Stock Exchange. According to a WSJ report, citing people familiar with the matter, Aramco prefers to float its shares on the NYSE, or in London or Toronto after discussion to list on an Asian stock exchange...
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Rowan Companies Q4 16 Earnings Conference Call At 11:00 AM ET



Rowan Companies Inc. (RDC) will host a conference call at 11:00 AM ET on February 24, 2017, to discuss its Q4 16 earnings results. To access the live webcast, log on at www.rowan.com To hear the live call, dial 877-201-0168 (U.S. and Canada) or 647-788-4901 (International) with 43395815.
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Economic Calendar
DateIndicatorPeriodCountry
02/24/17 10:0Capital Account Balance - BoPQ4 Mexico
02/24/17 10:0Current Account Balance - BoPQ4 Mexico
02/24/17 10:0New Home Sales - Median PricesJAN United States
02/24/17 10:0New Home Sales - UnitsJAN United States
02/24/17 10:0Univ. of Mich. Consumer Confidence IndexFEB United States
02/24/17 9:0Retail Sales (M-o-M)DEC Mexico
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