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☆ Virgin wins $160 mln in trademark dispute with Alaska Airlines
▼ + stars: | 2023-02-16 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

Virgin units Virgin Aviation TM Ltd and Virgin Enterprises Ltd argued Alaska is liable to pay a roughly $8 million “minimum royalty” payment every year until 2039. Virgin granted a trademark licence to Virgin America to use its brand in connection with the operation of a U.S. domestic airline before Alaska Air Group Inc. completed its $2.6 billion acquisition of Virgin America. Alaska merged its operations with Virgin America in 2018 and stopped using the Virgin brand the following year. Virgin told London’s High Court in October that Alaska, as the legal successor to Virgin America Inc, is obliged to make the annual payment. The judge added that the terms of the agreement “must be approached from the perspective of Virgin and Virgin America ... and not from the perspective of Alaska”.

☆ How Bank of America achieved a massive comeback from the brink of collapse
▼ + stars: | 2022-12-27 | by ( Nathaniel Lee | ) www.cnbc.com time to read: +2 min

"If the government did not intervene for Bank of America and the other banks, Bank of America would have failed." The bank reported net income of $31.9 billion in 2021, compared with just $4 billion in 2008. "This is unique to the banking industry and Bank of America being one of the largest banks, stands to benefit the most." "The big change at Bank of America is that they have gone from irresponsible growth to responsible growth," said Mayo. "One key aspect of Bank of America's responsible growth is to say no and no more often," explained Mayo.

☆ Goldman Sachs says the two major investor groups agree these are good stocks for 2023
▼ + stars: | 2022-12-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Profit growth for the median shared favorite is expected to be 15% in 2023, compared to 7% for the median S & P 500 stock, Kostin said. Since 2013, an equal-weighted basket of shared favorites has outpaced the S & P 500 in 58% of the months. The basket has underperformed the S & P 500 by 3 percentage points so far this year, "consistent with other periods of market stress," Kostin wrote. However, since the market rally in June, it has outperformed the S & P, he said. Lastly, Wells Fargo 's stock is down about 12% in 2022.

☆ Fact Check-Supposed leaked extract from upcoming Prince Harry memoire created as satire
▼ + stars: | 2022-10-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Although some considered the post to be satirical, others mistook the text as being an authentic extract from Prince Harry’s upcoming book. "The story about Prince Harry bowling is a play on words based on the title of the memoir, Spare, since a ‘spare’ is also a type of score in 10-pin bowling. The bowling passage is also not viewable via the press release about the memoir published on Oct 27 by Penguin Random House (here). A spokesperson for Penguin Random House did not reply to a request for comment at time of writing. No such passage is viewable in a press release published on Oct. 27 by Penguin Random House about the upcoming memoir.

☆ Morgan Stanley gives its favorite buy and sell picks into earnings reports
▼ + stars: | 2022-10-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

A highly anticipated corporate earnings season has just kicked off, and Morgan Stanley has highlighted which stocks to buy — or avoid. Given this backdrop, Morgan Stanley analysts looked for stocks that could experience big swings based on near-term catalysts, some positive and others negative. Morgan Stanley sees upside for Arcutis Biotherapeutics if the biotech company's two phase-two studies for its drug Zoryve are successful. "We would expect significant investor focus on these data sets, and our statistical analysis suggests a high probability-of-success (POS) for both trials," wrote Morgan Stanley analyst Vikram Purohit. Meanwhile, Logitech is one of the stocks Morgan Stanley expects to decline due to negative earnings.

☆ Pro Picks: Watch all of Thursday's big stock calls on CNBC
▼ + stars: | 2022-09-22 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounds up the best trades from investors and analysts throughout the day. The pros discussed Meta after Morgan Stanley reiterated the tech giant as overweight on Thursday. This stock is also currently held in Jim Cramer 's Charitable Trust portfolio. Cramer said Target is ahead of the game as the discount retailer gears up for the holidays. Target said it will hire 100,000 seasonal workers to help with its plans to start deals early .

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