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The Capitalist Newsletter – November 9, 2016

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FACEBOOK LAUNCHING JOBS FEATURE; SHOULD LINKEDIN BE WORRIED?


Are there any fields Facebook doesn’t plan on taking over? Just a few months after announcing Facebook at Work, Marketplace, and Messenger chat bots, Facebook revealed its experimenting with a Jobs function. Should LinkedIn be worried? How exactly does a social media network figure to enter the recruiting space?

Read The Capitalist’s Take Here

Read More at Techcrunch

Read More at Reuters


IRELAND TO FORMALLY APPEAL TAX BILL TO EU; DOES NOT WANT APPLE’S $14 BILLION

Irish Finance Minister Michael Noonan will on Wednesday take his fight over Apple Inc.’s record 13 billion-euro ($14.4 billion) tax bill to a European Union court, potentially triggering years of litigation. The nation will file its appeal against the European Commission’s decision to force Ireland to claw back alleged tax subsidies, in a case that will test the EU’s powers to use state aid law in what governments argue are national affairs..

Read More at Bloomberg Here

Read More at The Verge Here

Read More at Fox Business Here


IN SURPRISE MOVE, INDIA SCRAPS 500 AND 1000 RUPEE BILLS TO FIGHT CORRUPTION

In a surprise announcement Tuesday night, Prime Minister Narendra Modi said India will replace its largest-denomination bank notes with newly designed ones, a move aimed at curbing corruption, thwarting counterfeiters and dredging up what could be billions of dollars of taxable income currently stashed in the underground economy..

Read More at Wall Street Journal Here

Read More at BBC Here

Read More at Fortune Here


Closing Bell

– Tuesday, November 8th

Utilities Lead the Way as Stocks Close Higher Again

Big Insider Trades

– The Ultimate Software Group, Inc. (ULTI) Execs Sell a Combined $35m

– Liberty Global, Plc (LBTYA) CEO Michael Fries Buys $1m

Winners & Losers

– Stone Energy Corp (SGY) Surges UP (40.55%) After Net Loss Narrows to $89m From a $292m Loss in the Same Time Frame One Year Ago

– OneMain Holdings, Inc. (OMF) Craters DOWN (38.70%) After Slashing Guidance Following Q3 Loss

Most Talked About

Osiris Therapeutics, Inc. (OSIR) Receives Mixed Reviews After Shares Rise UP (23.63%) Following First Look Into Company’s Books

The TIP Sheets

– Tuesday, November 8th

– Valeant Pharmaceuticals International, Inc. (VRX) Continues to Fall DOWN (21.69%) on Massive Trading After New Finance Head Warns Things Will NOT Get Any Better in 2017. Expect Shares to Continue to Plummet DOWN

Unusual Volume

– Hertz Global Holdings, Inc. (HTZ) Tanks DOWN (22.50%) on 107m Shares Traded After Significantly Missing Earnings on Dismal Q3 Results.Look For Shares to Continue to Freefall DOWN Before Bouncing Back

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