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By Anirban Sen(Reuters) - Merchant bank BDT & MSD Partners, the owner of Alliance Laundry Systems, is exploring a sale of the U.S. laundry equipment manufacturer that could value it at nearly $5 billion, including debt, according to people familiar with the matter. BDT & MSD Partners, Alliance Laundry, and Morgan Stanley declined to comment. It supplies laundry systems to U.S. military facilities, laundromat chains, hotels, long-term healthcare facilities and clinics, restaurants, fire stations, residential apartments, and other businesses across sectors. In 2015, Ontario Teachers’ Pension Plan sold its majority stake in Ripon, Wisconsin-based Alliance Laundry to BDT Capital Partners, prior to its merger with MSD Partners. BDT & MSD Partners is run by former Goldman Sachs alumni Trott and Gregg Lemkau.
Persons: Anirban Sen, Morgan Stanley, Michael, Byron, Primus, Goldman Sachs, Trott, Gregg Lemkau, Silver, Armour, Shari Redstone, Chizu Nomiyama Organizations: Reuters, Merchant, MSD Partners, Alliance Laundry Systems, Alliance, Laundry, BDT Capital Partners Locations: Ontario, Ripon , Wisconsin, New York
Pfizer — Shares dropped 4.2% after the drugmaker said it would halt development of its twice-daily experimental weight loss pill. Marvell Technology — The semiconductor stock fell more than 5% after Marvell issued lower-than-expected revenue guidance for the fourth quarter. Ulta Beauty — The stock gained nearly 12% after the beauty products retailer reported third-quarter earnings that beat analysts' expectations. Ulta reported earnings of $5.07 per share, higher than the $4.95 per share analysts polled by LSEG were expecting. Dell — Stock in the computer maker fell nearly 6% on the heels of a mixed third-quarter earnings report.
Persons: Pfizer, Andrew Nowinski, Nelson Peltz, Alibaba, Morgan Stanley, Tesla, Coinbase, Ulta, LSEG, Jessica Fye, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Pfizer —, Paramount Global, Wall Street Journal, Apple, Disney —, Trian Fund Management, Marvell Technology, Marvell, Invest, Nasdaq, Dell —, Wall, LSEG, JPMorgan Locations: , Wells Fargo
The company's client solutions group, which includes its consumer and enterprise personal computer business, posted revenue of $12.28 billion for the third quarter, a near 11% fall compared to a year earlier. However, Dell has more impact than its competitors due to the weakness in the business PC market, which is a core market (for the company)," said Mikako Kitagawa, analyst at Gartner. Dell's servers and networking business revenue was up 9% from the second quarter, fueled by customer interest in generative artificial intelligence, Chief Operating Officer Jeff Clarke said. Revenue for the third quarter came in at $22.25 billion for Dell, missing estimates of $23 billion, according to LSEG data. The PC market is expected to bank on demand from AI boost, according to research firm Canalys, as it projects adoption of AI-capable PCs to accelerate from 2025 onward, with such devices accounting for around 60% of all PCs shipped in 2027.
Persons: Brendan McDermid, lockdowns, Dell, Mikako Kitagawa, Jeff Clarke, Harshita Mary Varghese, Maju Samuel Organizations: Dell, Dell Inc, REUTERS, UNITED STATES, Dell Technologies, Gartner, Nvidia, Revenue, Intel, AMD, Thomson Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDell's bias towards AI differentiates it from PC competitors, says Simon LeopoldSimon Leopold, Managing Director at Raymond James, gives his expectations for Dell's earnings report.
Persons: Simon Leopold Simon Leopold, Raymond James
Cramer's Lighting Round: Buy Boeing
  + stars: | 2023-11-28 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon CRISPR's year-to-date stock performance. Stock Chart Icon Stock chart icon Dell's year-to-date stock performance. Stock Chart Icon Stock chart icon Cencora's year-to-date stock performance. Stock Chart Icon Stock chart icon T-Mobile's year-to-date stock performance. Stock Chart Icon Stock chart icon Boeing's year-to-date stock performance.
Persons: it's, Mike Sievert, Cardinal Health's, Tony Xu, Tony Organizations: Dell, Mobile, Boeing, Cardinal Locations: Cardinal
Among the best Dell Cyber Monday deals is a $400 discount on the popular Dell XPS 15 laptop, which is great for work or school. Below, we've highlighted some of the best Dell Cyber Monday deals available today. Most Dell deals are available on Dell's official website, Amazon, or Best Buy, so we've linked to whichever retailer has the best price. Don't forget to check out our roundup of all the best Cyber Monday deals for more savings across all shopping categories. Best Cyber Monday Dell desktop dealsBest Cyber Monday Dell laptop dealsBest Cyber Monday Dell monitor deals
Persons: , We're Organizations: Dell
Once a darling of the tech world, Dell stock is up nearly 120% in just over a year. Dell is a prime example of a stock that has recently disconnected from its fundamentals as a result of the hype from AI. Dell reports earnings in a week and I believe this is an opportunity to fade it going into earnings. With implied volatility quite elevated going into earnings, my preference is to be a seller of options and volatility. I'm looking out to the Dec 29 weekly options and selling the $75/82 call vertical for a $2.47 credit.
Persons: Dell Organizations: Dell, DELL
NFL football helmets are seen on display in Tampa, Florida, U.S., February 3, 2021. REUTERS/Eve Edelheit/File Photo Acquire Licensing RightsNov 6 (Reuters) - U.S. maker of football helmets and gear Riddell is exploring a sale, the company told Reuters, in a deal that could value it at around $800 million, people familiar with the matter said. Riddell was founded in 1929 by John T. Riddell who invented gear such as removable football cleats and plastic helmet shells. Fenway Partners acquired Riddell Sports Group in 2003 and combined it with Bell Sports in 2004. In 2014, Fenway again changed the company's name to BRG Sports for its core Bell, Riddell and Giro brands and sold its Easton baseball and softball business to Bauer Performance Sports.
Persons: Eve Edelheit, Riddell, Robert W, Baird, John T, Abigail Summerville, Rod Nickel Organizations: REUTERS, Reuters, National Football League, UBS Group, Co, Fenway Partners, Riddell Sports Group, Bell Sports, Easton Sports, Fenway, Sports, Bell, Giro, Easton, Bauer Performance Sports, Vista, Blackburn, BRG Sports, Marucci Sports, Fox Factory Holding, Thomson Locations: Tampa , Florida, U.S, Easton, Bell, New York
The logo of Sabadell bank is displayed in Barcelona, Spain, March 16, 2023. Its net interest income (NII), earnings on loans minus deposit costs, rose 29% year-on-year to 1.24 billion euros. Higher lending income also helped the bank lift its 2023 target for return-on-tangible equity ratio (ROTE), a measure of profitability, to around 11.5% from 10.5%. Sabadell finished the quarter with a ROTE of 11.59% after net profit rose 46% year-on-year to 464 million euros, beating the 383 million analysts expected. Sabadell also announced an interim dividend of 0.03 euros per share in cash, up 50% versus last year.
Persons: Nacho, JP Morgan, Jesús Aguado, Varun, Mark Potter Organizations: REUTERS, Sabadell, British, TSB, Barclays, Thomson Locations: Sabadell, Barcelona, Spain, MADRID
(AP) — Incomplete homicide autopsy reports have continued to pile up in Mississippi - despite tough-on-crime talk by state leaders ahead of the Nov. 7 general election. Police officers and prosecutors rely on medical examiners' autopsy reports to investigate violent crimes and hold perpetrators accountable. Homicide autopsies in Mississippi continue to lag behind national standards as crime has remained a flashpoint in the state legislature and campaign trail. We have autopsies that have still been pending, sometimes for years.”Delayed autopsy reports create bureaucratic hurdles for prosecutors and defense attorneys. “States like Mississippi are safest when autopsy reports are completed within 90 days.
Persons: JACKSON, Tate Reeves, ” Reeves, , Sean Tindell, he’d, Reeves, Democrat Brandon Presley, ” Presley, I’ll, ” Tindell, Presley “ isn’t, Tindell's, Tindell, shouldn't, Jody Owens, That's, Owens, Organizations: Police, National Association of Medical, Republican Gov, Centers for Disease Control, ., . Mississippi Public, The Associated Press, Democrat Locations: Miss, Mississippi, , Mississippi, . Mississippi, Hinds County, “ States
BRIDGEPORT, Conn. (AP) — A local Democratic official in Connecticut's largest city invoked her 5th Amendment right against self-incrimination Friday rather than answer questions in court about allegations of illegal ballot box stuffing during a recent mayoral primary. In some of them, a woman resembling Geter-Pataky, who works as a greeter at the City Hall annex, can be seen making repeat trips to an absentee ballot drop box outside the building early in the morning on Sept. 5 and stuffing documents inside. In other videos, it appears she hands other people documents that could be ballots and escorts them to the box. Gomes' attorney in the lawsuit, William Bloss, said the videos prove widespread abuse of the absentee ballot system in Bridgeport. Under Connecticut law, certain family members, police, local election officials or a caregiver can drop off a ballot for an absentee voter.
Persons: Wanda Geter, Joe Ganim, John Gomes, , John Gulash, Gomes, Bridgeport’s, William Clark, Ganim, William Bloss, It's, ” Bloss, ” Ganim, Bloss, Eneida Martinez, Martinez, John Bailey Kennelly, Patricia Howard, , Mike Lindell's Organizations: Democratic, Bridgeport Democratic, Committee, Bridgeport, City Council, Democrat Locations: BRIDGEPORT, Conn, Connecticut's, Bridgeport, Connecticut,
In the memo, Bankman-Fried called Alameda's failure to hedge its bets a "mistake." When Everdell asked if the decision not to hedge was Ellison's, Wang replied that she was Alameda's CEO at the time. Prosecutors said last week they planned to call Ellison to take the stand once Wang finishes his testimony. She was seen entering the courthouse on Tuesday morning wearing a blue baseball cap and sunglasses, and carrying a blue thermos. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial.
Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Christian Everdell's, Gary Wang, Everdell, Wang, Ellison, Prosecutors, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis, Nick Zieminski Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Manhattan, Brooklyn's, Alameda, Washington ,
Below, you'll find a full list of the best monitor deals during Amazon's Prime Big Deal Days sale. And for more savings, head on over to our live roundup of all the best Prime Day deals across all product categories. Top 5 monitor deals during Prime DayThe best Prime Day monitor dealsDell's S2721QS 4K monitor is on sale now for Prime Day AmazonThe best Prime Deal Days gaming monitor dealsLG's high-end 48-inch UltraGear monitor is down to an all-time low price for Prime Day. For more information on how to pick the right monitor, check out our buying guides for the best computer monitors and best gaming monitors. You can also read our best gaming PC and best gaming laptop guides for more PC hardware recommendations.
Organizations: Amazon Prime, Samsung, LG, Dell, Asus, Amazon's, Deal, Prime
Mike Lindell is royally screwed
  + stars: | 2023-10-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com   time to read: +5 min
Lindell told Politico that he hasn't been able to pay his lawyers at all for the past two months. "I don't know where I go from here," Lindell told Politico. AdvertisementAdvertisementThe embattled MyPillow CEO Mike Lindell has had a no-good, very bad week, and things just got a lot worse for him. Lindell told Bannon that the audits concerned commissions that some employees earned while working remotely during the COVID-19 pandemic. "People are going to be afraid to be lawyers," Lindell said.
Persons: Mike Lindell's, Lindell, hasn't, , Mike Lindell, Parker Daniels, Lewin, they're, Andrew Parker, Parker Daniels Kibort, Parker, haven't, there's, Donald Trump's, Steve Bannon's, Bannon, MyPillow, I've Organizations: Politico, Service, Voting Systems, Smarmatic, Lewin, Lewin LLP, Lindell, American Express, MyPillow, Walmart, Costco, Bed, QVC, JCPenney Locations: Minnesota, Washington
Mike Lindell, CEO of My Pillow Inc., speaks during the Conservative Political Action Conference (CPAC) in Dallas, Texas, on Friday, Aug. 5, 2022. The attorneys defending Mike Lindell and his business against defamation claims from voting machine companies are seeking to sever ties with the "MyPillow Guy" over millions of dollars in unpaid legal fees. "At this time, Defendants are in arrears by millions of dollars to PDK," the filing said. The firm said that if it was forced to continue providing legal services to Lindell, the "future fees and costs will amount to millions of dollars in addition to the millions of dollars already owed." Lindell is not the only Trump ally facing an action on unpaid legal fees tied to false claims about the 2020 election.
Persons: Mike Lindell, Guy, Parker Daniels Kibort, Lindell, MyPillow, Eric Coomer, Lindell's, wasn't, he'd, Robert Zeidman, Trump, Rudy Giuliani, Robert Costello, Giuliani, who's, He's, Andrew Giuliani, they'd Organizations: Conservative Political, Lindell, Voting Systems, Dominion, NBC News, Newsweek, Software, NBC, New, New York City, Smartmatic, Trump White House, WABC Locations: Dallas , Texas, Minneapolis , MN, Lindell, New York, Dominion, Georgia, Fulton County, New York City
The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. "The unchanged revenue CAGR (forecast) seems conservative given the recent AI tailwinds, which are expected to not only build but persist in the future," Evercore ISI analysts said. Its main revenue generator - the PC market - has been in a slump since the pandemic ended. Dell's shares have risen 65% so far this year, after dropping nearly 30% in 2022. Reporting by Yuvraj Malik in Bengaluru; Editing by Anil D'Silva and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Dell, Yuvraj Malik, Anil D'Silva, Shounak Organizations: Dell Technologies Inc, New York Stock Exchange, REUTERS, Dell Technologies, Dell, Wall, Thomson Locations: New York, U.S, Bengaluru
Mike Lindell said MyPillow is facing multiple IRS audits. Lindell claimed on the "War Room" podcast that the audits concerned call center staff. AdvertisementAdvertisementMyPillow CEO Mike Lindell says his pillow company is now facing five audits from the IRS. "This is something that hasn't happened in 15 years, and all of a sudden there's 5 IRS audits against MyPillow in three different years," Lindell told Bannon. Last month, Lindell claimed that MyPillow was financially crippled after American Express slashed its credit line.
Persons: Mike Lindell, MyPillow, Lindell, , Steve Bannon, Steve, Bannon, they're, Donald Trump's Organizations: Service, IRS, MyPillow, Trump, American Express, Lindell, Voting Systems Locations: California, MyPillow, Smartmatic
Now is the time to buy the dip in chemical company Dow Inc. , says JPMorgan. "We think the recent downward movement in equity values has given investors an opportunity to purchase Dow shares at a reasonable valuation," analyst Jeffrey Zekauskas wrote in a Monday note. Shares of Dow, which serves as a holding company for Dow Chemical and its subsidiaries, have lost 7.9% this month and 0.3% in 2023. The analyst said Dow has underperformed chemical company LyondellBasell this year and over the past 12 months because of its dividend. Dow's dividend is flat, while Lyondell's dividend has increased by 19% since February 2021, according to the note.
Persons: Jeffrey Zekauskas, Zekauskas, Dow, — CNBC's Michael Bloom Organizations: Dow Inc, JPMorgan, Dow, Dow Chemical
Investors should be eyeing Dell as the company's macro outlook improves and an artificial intelligence opportunity grows, according to Daiwa Capital Markets. Dell stock has climbed nearly 72% from the start of the year. DELL YTD mountain Dell stock has climbed 72% from the start of the year. He noted that the company already has a backlog for AI solutions, including its PowerEdge 9680 server, that extends into 2024. "It is very encouraging that Dell is seeing material demand now for their AI solutions, specifically their PowerEdge 9680," Miscioscia said.
Persons: Dell, Louis Miscioscia, Miscioscia, — CNBC's Michael Bloom Organizations: Daiwa, Dell, DELL Locations: 1HCY24
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch MyPillow CEO Mike Lindell's meltdown in 2020 election depositionMyPillow CEO Mike Lindell became enraged and swore at opposing counsel during a series of depositions earlier this year, according to newly released videos. The new tapes give a glimpse into what took place during those interviews.
Persons: Mike, Mike Lindell Organizations: Watch
To that effect, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. The analyst increased his price target for Verizon stock by $1 to $40, while maintaining AT&T's price target at $17. Also, he expects the prospects for improved free cash flow to lower net debt leverage and support the dividend payments. That said, with expectations of higher cash flow generation, Crum said that "the company should have more flexibility around growing its dividend going forward." (See Hasbro Stock Chart on TipRanks)Dell TechnologiesNext up is Dell (DELL), a maker of IT hardware and infrastructure technology, which rallied after its fiscal second-quarter results far exceeded Wall Street's estimates.
Persons: Hans Vestberg, Brendan McDermid, Wall, Michael Rollins, Rollins, MDT, Rick Wise, Geoff Martha, Wise, Drew Crum, Crum, TipRanks, Amit Daryanani, Daryanani, Dell Organizations: DELL, Verizon, New York Stock Exchange, Analysts, Verizon Communications, Citi, AT, Verizon Hedge, Hasbro, Dell Technologies, Dell, TipRanks, GPU, Walmart, &' $ Locations: New York, U.S
Lindell insulted him, his lawyers, the judge, and took a break to go on Steve Bannon's podcast. When he stood up to take a call in the middle of questioning, Coomer's lawyers called it a day. In an interview with Insider on Friday, Lindell called Coomer's lawyers "creepy" and "evil." He said he had to take a personal "emergency call" before the deposition ended, and that Coomer's lawyers were aware it was coming. During the depositions, Lindell fiercely guarded his pillow company's brand and bristled at any suggestion that one of its latest products, the MyPillow 2.0, could be subpar.
Persons: Eric Coomer, Mike Lindell, Lindell, Steve Bannon's, Coomer, I'm, Bannon, Coomer's, , Nina Wang, Wang Organizations: Dominion, Service, Dominion Voting Systems, Lindell, America Locations: Wall, Silicon, Texas, Wisconsin
Prominent Donald Trump supporter and MyPillow CEO Mike Lindell repeatedly lost his temper, left the room and swore at opposing counsel during a series of depositions earlier this year, according to newly released videos and transcripts. I'll do whatever I have to do," Lindell said at the start of a March 8 deposition, addressing Coomer's attorney. You're an ambulance chasing lawyer, so don't start with me. Don't start scolding me." "Have you ever been in a deposition where they can't stand who you are?," Lindell snapped at Coomer's lawyers on March 8.
Persons: Mike Lindell, Steve Bannon, Donald Trump, Dr, Eric Coomer, Lindell, defaming, Coomer Organizations: Conservative Political, Gaylord National Convention Center, Voting Systems, CNBC, Lindell, Dominion Locations: National Harbor, M.D, United States, Minnesota, Denver
Dell shares surged 21.3% on Friday, their best day since the company returned to the public market in 2018. The rally followed a better-than-expected earnings report, driven by a big revenue beat. It's on pace for its biggest gain and highest close since the company relisted its stock five years ago. In addition to its rosy earnings report for the latest quarter, Dell increased its forecast for the year. Morgan Stanley sees Dell benefiting from booming demand for AI servers as more companies focus their spending on that corner of the hardware market.
Persons: Dell, Michael Dell, Morgan Stanley, DELL, Dell's Organizations: Dell, Apple, CNBC, YouTube, Dell Technologies
The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid Acquire Licensing RightsSept 1 (Reuters) - Shares in Dell Technologies Inc (DELL.N) rose 22.2% and hit a record high on Friday after it raised full-year financial forecasts with boosts from artificial intelligence (AI) and stabilizing demand for computer hardware after a months-long slump. Dell, on track for its biggest ever daily percentage gain, is up more than 70% for the year-to-date. Servers and networking revenue rose 11% from the first quarter to $4.27 billion, driven by higher demand for AI-optimized servers, Dell said. At least 10 analysts raised their target prices for Dell's shares after the report with several including Credit Suisse and Evercore ISI citing its position to benefit from AI.
Persons: Brendan McDermid, Samik Chatterjee, Dell, JPMorgan's Chatterjee, Wells, Sinéad Carew, Lance Tupper Organizations: Dell Technologies Inc, New York Stock Exchange, REUTERS, Dell, CDW, Cisco Systems, Hewlett Packard Enterprises, Credit Suisse, ISI, JPMorgan, Thomson Locations: New York, U.S
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