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CMA CGM: Container shipping group CMA CGM said shipping activity remained strong in the final quarter of 2020 after a rebound from initial coronavirus-related disruption boosted the French company’s third-quarter profits.

CMA CGM, the world’s fourth-largest container shipping line, said its EBITDA margin rose to 21.0% in the third quarter from 17.2% in the previous quarter and 13.3% in the year-earlier period.

Brisk shipping activity should allow CMA CGM to increase the EBITDA margin further in the final quarter, it said.

Like market leader Maersk, which this week raised its full-year earnings target, CMA CGM has pointed to strong shipments for e-commerce as the coronavirus pandemic shifts consumer demand online.

“During the fourth quarter, maritime activity is more sustained than during the third quarter due to the ongoing increase in volumes,” CMA CGM said.

Delta Air Lines (NYSE:DAL): Chief Executive Ed Bastian hinted at the possibility of purchasing Boeing (NYSE:BA) Co's 737 MAX, which was recently approved to fly again by U.S. regulators, in an interview to the Financial Times on Sunday.

Any Boeing 737 MAX order would be the first for Delta, which did not have the aircraft in its fleet when the plane was grounded in March 2019 following two fatal crashes.

"If there is an opportunity where we would feel comfortable acquiring the MAX we’d have no hesitation doing that," Bastian added.

CoStar Group, Inc.: One of the world’s largest providers of commercial real-estate information and analytics, has taken its first major step into the residential data business by agreeing to pay $250 million for Homesnap Inc.

Founded in 2012, Homesnap is a fast-growing company that provides residential real-estate brokers with apps and other technology for managing and analyzing their listings as well as the broader market. About 300,000 residential agents use it an average of 30 times a month.

Guitar Centre Inc: The largest U.S. retailer of music instruments and equipment, filed for Chapter 11 bankruptcy on Saturday, as music lovers moved their shopping online during the coronavirus pandemic.

The retailer has negotiated to have a total of $375 million in debtor-in-possession financing from its existing lenders and intends to raise $335 million in new senior secured notes, the company said.

Earlier this month the company reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $800 million and new equity investments of up to $165 million to recapitalize the company.

The company in a court filing said it has between $1 billion and $10 billion of both assets and liabilities.

Boeing Co (N:BA): The future of Boeing (NYSE:BA) Co's freshly approved 737 MAX is in the hands of nearly 700 workers toiling behind the gray doors of a three-bay hangar at a desert airport in Washington state.

Inside, over an endless 24-hour loop, 737 MAX planes are rolled in for maintenance, and upgrades of software and systems as mandated by the U.S. Federal Aviation Administration in this week's order lifting a flight ban imposed after two crashes, the airport's director said.

In front, workers in bright yellow vests inspect the roughly 240 jets stored in giant grids at Grant County International Airport in Moses Lake - more than half of an inventory worth about $16 billion, according to investment firm Jefferies (NYSE:JEF)



With 30000+ daily average active traders, CapitalStreetFx is no #1 choice of professional traders. Regualted by FSC MAURITIUS, SVG FSA UK, SEBI INDIA.
 
Top 5 Stocks to Watch Out Today

For more updates join Telegram Channel
t.me/Capitalstreetfx

CMA CGM: Container shipping group CMA CGM said shipping activity remained strong in the final quarter of 2020 after a rebound from initial coronavirus-related disruption boosted the French company’s third-quarter profits.

CMA CGM, the world’s fourth-largest container shipping line, said its EBITDA margin rose to 21.0% in the third quarter from 17.2% in the previous quarter and 13.3% in the year-earlier period.

Brisk shipping activity should allow CMA CGM to increase the EBITDA margin further in the final quarter, it said.

Like market leader Maersk, which this week raised its full-year earnings target, CMA CGM has pointed to strong shipments for e-commerce as the coronavirus pandemic shifts consumer demand online.

“During the fourth quarter, maritime activity is more sustained than during the third quarter due to the ongoing increase in volumes,” CMA CGM said.

Delta Air Lines (NYSE:DAL): Chief Executive Ed Bastian hinted at the possibility of purchasing Boeing (NYSE:BA) Co's 737 MAX, which was recently approved to fly again by U.S. regulators, in an interview to the Financial Times on Sunday.

Any Boeing 737 MAX order would be the first for Delta, which did not have the aircraft in its fleet when the plane was grounded in March 2019 following two fatal crashes.

"If there is an opportunity where we would feel comfortable acquiring the MAX we’d have no hesitation doing that," Bastian added.

CoStar Group, Inc.: One of the world’s largest providers of commercial real-estate information and analytics, has taken its first major step into the residential data business by agreeing to pay $250 million for Homesnap Inc.

Founded in 2012, Homesnap is a fast-growing company that provides residential real-estate brokers with apps and other technology for managing and analyzing their listings as well as the broader market. About 300,000 residential agents use it an average of 30 times a month.

Guitar Centre Inc: The largest U.S. retailer of music instruments and equipment, filed for Chapter 11 bankruptcy on Saturday, as music lovers moved their shopping online during the coronavirus pandemic.

The retailer has negotiated to have a total of $375 million in debtor-in-possession financing from its existing lenders and intends to raise $335 million in new senior secured notes, the company said.

Earlier this month the company reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $800 million and new equity investments of up to $165 million to recapitalize the company.

The company in a court filing said it has between $1 billion and $10 billion of both assets and liabilities.

Boeing Co (N:BA): The future of Boeing (NYSE:BA) Co's freshly approved 737 MAX is in the hands of nearly 700 workers toiling behind the gray doors of a three-bay hangar at a desert airport in Washington state.

Inside, over an endless 24-hour loop, 737 MAX planes are rolled in for maintenance, and upgrades of software and systems as mandated by the U.S. Federal Aviation Administration in this week's order lifting a flight ban imposed after two crashes, the airport's director said.

In front, workers in bright yellow vests inspect the roughly 240 jets stored in giant grids at Grant County International Airport in Moses Lake - more than half of an inventory worth about $16 billion, according to investment firm Jefferies (NYSE:JEF)



With 30000+ daily average active traders, CapitalStreetFx is no #1 choice of professional traders. Regualted by FSC MAURITIUS, SVG FSA UK, SEBI INDIA.
Top 5 Stocks to Watch Out Today


Goldman Sachs (NYSE:GS): Head of Middle East and North Africa (MENA), Wassim Younan, who built the U.S. bank's business in the region, is retiring after nearly three decades with the Wall Street bank, according to a memo seen by Reuters.

Younan, 58, came to the region in 2006 and oversaw the expansion of Wall Street bank's presence and franchise in MENA with offices in Dubai, Doha and Riyadh.

Goldman has advised some of the top deals in the region such as Saudi Aramco (SE:2222)'s $29.4 billion initial public offering last year and the merger of Saudi Arabia lenders, National Commercial Bank and Samba Financial Group.



Cisco (NASDAQ:CSCO): Has agreed to buy London-based cloud communications software company IMImobile PLC for 595 pence per share in cash in a deal valued at about $730 million, including debt.

IMImobile provides software and services to businesses to connect with customers through interactive channels including social, messaging and voice.

Airbnb: Is requiring most professional hosts outside North America to include all service fees in the rate presented to guests, a move that mirrors how rival platforms operate.

Airbnb will require hosts who use third-party software to manage bookings to eliminate the “service fee” paid by guests that is traditionally tacked on to the listing price. Instead hosts will pay a standard fee of 15%, up from the typical 3% they are assessed now.



JPMorgan (NYSE:JPM): Has hired UBS banker Peihao Huang to become the co-head of its equity capital markets (ECM) business in Asia, not including Japan, according to two sources with direct knowledge of the matter.



Huang was UBS's head of Asia ECM but resigned from the Swiss bank on Monday to join the U.S. firm, the people said.

The sources could not be named because the information has not yet been made public. JPMorgan and UBS declined to comment.

At JPMorgan, Huang will be the co-head of ECM Asia, ex-Japan, alongside Gregor Feige.

UBS will have its head of Asia Pacific Capital Markets Lauro Baja cover Huang's responsibilities, one of the sources said.

Chick-fil-A: U.S. fast-food restaurant chain Chick-fil-A sued top chicken suppliers alleging they artificially raised prices on billions of dollars of its purchases in the latest litigation facing the poultry industry.

The lawsuit filed Friday names 17 defendants including Perdue Farms, Tyson Foods Inc (NYSE:TSN), Pilgrim's Pride (NASDAQ:pPC) and Sanderson Farms (NASDAQ:SAFM) Inc alleging they shared bids and pricing details, leading the Atlanta-based restaurant chain to overpay for supplies.

The U.S. Department of Justice has indicted 10 industry executives in separate cases this year and several suppliers have faced lawsuits alleging conspiracy to inflate broiler chicken prices from grocers, retailers and consumers. Broiler chickens account for most chicken meat sold in the United States.
 
Top 5 Stocks to Watch Out Today

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Goldman Sachs (NYSE:GS):
Head of the Middle East and North Africa (MENA), Wassim Younan, who built the U.S. bank's business in the region, is retiring after nearly three decades with the Wall Street bank, according to a memo seen by Reuters.
Younan, 58, came to the region in 2006 and oversaw the expansion of Wall Street bank's presence and franchise in MENA with offices in Dubai, Doha and Riyadh.
Goldman has advised some top deals in the region such as Saudi Aramco (SE:2222)'s $29.4 billion initial public offering last year and the merger of Saudi Arabia lenders, National Commercial Bank and Samba Financial Group.

Cisco (NASDAQ:CSCO): Has agreed to buy London-based cloud communications software company IMImobile PLC for 595 pence per share in cash in a deal valued at about $730 million, including debt. IMImobile provides software and services to businesses to connect with customers through interactive channels including social, messaging and voice.

Airbnb: Is requiring most professional hosts outside North America to include all service fees in the rate presented to guests, a move that mirrors how rival platforms operate.
Airbnb will require hosts who use third-party software to manage bookings to eliminate the “service fee” paid by guests that is traditionally tacked on to the listing price. Instead, hosts will pay a standard fee of 15%, up from the typical 3% they are assessed now.

JPMorgan (NYSE:JPM): Has hired UBS banker Peihao Huang to become the co-head of its equity capital markets (ECM) business in Asia, not including Japan, according to two sources with direct knowledge of the matter.
Huang was UBS's head of Asia ECM but resigned from the Swiss bank on Monday to join the U.S. firm, the people said.

The sources could not be named because the information has not yet been made public. JPMorgan and UBS declined to comment.

At JPMorgan, Huang will be the co-head of ECM Asia, ex-Japan, alongside Gregor Feige.

UBS will have its head of Asia Pacific Capital Markets Lauro Baja cover Huang's responsibilities, one of the sources said.

Chick-fil-A: U.S. fast-food restaurant chain Chick-fil-A sued top chicken suppliers alleging they artificially raised prices on billions of dollars of its purchases in the latest litigation facing the poultry industry.

The lawsuit filed Friday names 17 defendants including Perdue Farms, Tyson Foods Inc (NYSE:TSN), Pilgrim's Pride (NASDAQ:pPC) and Sanderson Farms (NASDAQ:SAFM) Inc alleging they shared bids and pricing details, leading to the Atlanta-based restaurant chain to overpay for supplies.

The U.S. Department of Justice has indicted 10 industry executives in separate cases this year and several suppliers have faced lawsuits alleging conspiracy to inflate broiler chicken prices from grocers, retailers and consumers. Broiler chickens account for most chicken meat sold in the United States.

With 30000+ daily Average Active traders, Capital Street Fx is No #1 choice of Professional Brokers. It is regulated by FSC, Mauritius, SEBI India and SVG FSA Uk.
 

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