Facebook is moving into more than 1.5 million square feet of office space in New York’s Hudson Yards

Facebook has signed a lease at Hudson Yards for more than 1.5 million square feet of office space and plans to move into the new offices next year. The lease includes office space across 30 floors and three buildings in the far West Side neighborhood, Hudson Yards announced Thursday. The lease includes 1.2 million square feet of space at the 1,000-foot-tall tower 50 Hudson Yards, 265,000 square feet in 30 Hudson Yards as well as 57,000 square feet in 55 Hudson Yards. “Hudson Yards offered this a


Facebook has signed a lease at Hudson Yards for more than 1.5 million square feet of office space and plans to move into the new offices next year.
The lease includes office space across 30 floors and three buildings in the far West Side neighborhood, Hudson Yards announced Thursday.
The lease includes 1.2 million square feet of space at the 1,000-foot-tall tower 50 Hudson Yards, 265,000 square feet in 30 Hudson Yards as well as 57,000 square feet in 55 Hudson Yards.
“Hudson Yards offered this a
Facebook is moving into more than 1.5 million square feet of office space in New York’s Hudson Yards Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: annie palmer
Keywords: news, cnbc, companies, yards, lease, square, feet, neighborhood, moving, york, yorks, hudson, million, includes, office, facebook, space


Facebook is moving into more than 1.5 million square feet of office space in New York's Hudson Yards

NEW YORK, NY – MARCH 11: People walk along the High Line Park in front of Hudson Yards at sunset on March 11, 2019 in New York City.

Facebook has signed a lease at Hudson Yards for more than 1.5 million square feet of office space and plans to move into the new offices next year.

The lease includes office space across 30 floors and three buildings in the far West Side neighborhood, Hudson Yards announced Thursday. The lease includes 1.2 million square feet of space at the 1,000-foot-tall tower 50 Hudson Yards, 265,000 square feet in 30 Hudson Yards as well as 57,000 square feet in 55 Hudson Yards.

Facebook’s main office in Manhattan is near the Astor Place neighborhood, while its headquarters is located in Menlo Park, California. The company did not say how many employees it will have in the Hudson Yards offices.

“When considering the next phase of our growth in the city, it was important that our newest office space was situated in the heart of a vibrant community that offered access to arts, culture, media and commerce,” John Tenanes, Facebook’s vice president of global facilities and real state, said in a statement. “Hudson Yards offered this and more, and we’re excited to expand our offices there starting in 2020.”

Facebook had been rumored to be exploring office space at Hudson Yards prior to Thursday’s announcement.

Facebook isn’t the only Silicon Valley company that has expanded its footprint in the city. Google is said to be nearing a deal to move into space at St. John’s Terminal in New York City’s West Village neighborhood. Earlier this year, Amazon reversed its plans to build a second headquarters in the Long Island City neighborhood of Queens after it faced community opposition. But Amazon has also said it will continue to hire for more positions in New York.

Hudson Yards officially opened its doors in March. The luxury and commercial real estate development includes several skyscrapers, a mega mall with a mix of brands and restaurants, a cultural center and a 150-foot-tall sculpture called “The Vessel.”


Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: annie palmer
Keywords: news, cnbc, companies, yards, lease, square, feet, neighborhood, moving, york, yorks, hudson, million, includes, office, facebook, space


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Kimbal Musk’s Square Roots is on a mission to feed the world — and eventually astronauts on Mars

Kimbal Musk meets with Square Root farmers at the company’s Brooklyn headquarters, home to farms housed in shipping containers. One day Square Roots aims for its technology to work off-world. Peggs, who has a Ph.D. in artificial intelligence from Cardiff University, has a history of building businesses with Kimbal Musk. One recent example is Square Roots’ partnership with Gordon Food Service in Grand Rapids, Michigan, which runs its business partly on wind power. Tobias Peggs Square Roots co-fou


Kimbal Musk meets with Square Root farmers at the company’s Brooklyn headquarters, home to farms housed in shipping containers.
One day Square Roots aims for its technology to work off-world.
Peggs, who has a Ph.D. in artificial intelligence from Cardiff University, has a history of building businesses with Kimbal Musk.
One recent example is Square Roots’ partnership with Gordon Food Service in Grand Rapids, Michigan, which runs its business partly on wind power.
Tobias Peggs Square Roots co-fou
Kimbal Musk’s Square Roots is on a mission to feed the world — and eventually astronauts on Mars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: lora kolodny, jacob douglas, christopher butler
Keywords: news, cnbc, companies, roots, peggs, eventually, indoor, farming, food, kimbal, square, crops, mission, astronauts, musk, mars, feed, musks, farms, world


Kimbal Musk's Square Roots is on a mission to feed the world — and eventually astronauts on Mars

Kimbal Musk meets with Square Root farmers at the company’s Brooklyn headquarters, home to farms housed in shipping containers. Mary Stevens | CNBC

One-third of the world’s food supply is wasted, according to research from the UN Food and Agriculture Organization. Now a start-up called Square Roots, co-founded by Kimbal Musk (Elon Musk’s brother) and Tobias Peggs, wants to reduce that waste by growing food as close as possible to the point of use. Based in Brooklyn, New York, Square Roots has developed and installs “modules” — hydroponic farms in reclaimed shipping containers that can grow certain non-GMO vegetables around the clock and without pesticides. Today they are producing mint, basil, other herbs and leafy greens. The company made CNBC’s 2019 Upstart 100 list, released Tuesday. The modules, which employ software-controlled LED lighting and irrigation systems, can be set up in the parking lot of a grocery store or even inside a large warehouse or industrial building, enabling a food maker to access fresh ingredients locally for use in their dishes or packaged products. According to CEO Peggs, raising at least some crops close to where they will be eaten helps reduce the food damage and spoilage that occurs during shipping from a point of harvest to a faraway destination. Growing food in a tightly controlled microclimate also means those crops can have better flavor and yield than counterparts that are grown in traditional farms, said Peggs, who added that in the great but unpredictable outdoors, everything from changes in soil acidity to humidity can harm crops.

Square Roots CEO Tobias Peggs is redefining urban farming. Square Roots

Those who buy Square Roots produce can scan a QR code on the packaging to read a “transparency timeline,” with details about their fresh food, like the identity of the farmers who grew it and when it was harvested and delivered to the store. One day Square Roots aims for its technology to work off-world. Kimbal Musk, who is Square Roots’ executive chairman and also holds board seats at SpaceX and Tesla, said: “I’m focused on bringing real food to everyone (on Earth), but the farming technology we are building at Square Roots can and will be used on Mars.” Peggs, who has a Ph.D. in artificial intelligence from Cardiff University, has a history of building businesses with Kimbal Musk. Peggs was the CEO of a social media analytics firm called OneRiot, which Musk co-founded. They sold it to Walmart in the fall of 2011. Peggs and other OneRiot employees joined Walmart Labs, and helped the retail giant roll out mobile apps and analytics in international markets. That was when Peggs became intrigued with the potential for software to help feed the world. More from Upstart 100:

Ant colonies inspire the new warehouse design of the future

Israeli start-up is using military-grade tech to fight fake news

Amazon has triggered an arms race in this technology Square Roots faces significant competition in what’s known as indoor ag or sunless farming, including venture-backed competitors Bowery Farming, Plenty, Freight Farms, Gotham Greens and AeroFarms, among others. Their potential to reduce the environmental footprint of agriculture is yet to be determined. Modern agriculture accounts for 24% of greenhouse gases and is the No. 1 source of pollution on the planet, according to environmental researcher Paul Hawken, the founder of Project Drawdown, a nonprofit that points to ways global warming can be reversed. Hawken told CNBC, “Indoor ag may or might not pencil out with respect to sustainability when all the energy and inputs are totaled.” That’s because indoor farming requires more human-made energy but less transport and distribution energy.

Square Roots container farms can grow fresh mint and basil, year-round, in Brooklyn. https://squarerootsgrow.com/

Moreover, crops from indoor farms might not match the nutrition of soil-grown crops, because the medium the plants are grown in is either hydroponic or assembled substrates. Hawken wrote: “What makes plants superfoods and nutritious is stress, not ‘perfect’ temperature-controlled growing environments. Phytonutrients that are vital to human health do not develop to the same extent indoors. Sun, UV radiation, insects, dryness, competition, wind and wide temperature variations ultimately make plants strong, delicious and nutritious.” But it will bring locally grown, organic produce — part of a healthy diet — to markets that may not have much of it otherwise, he said.

Inspiring a new generation of farmers

Square Roots is aiming to work with partners that use renewable energy as much as possible to power their modular farms, said Peggs. One recent example is Square Roots’ partnership with Gordon Food Service in Grand Rapids, Michigan, which runs its business partly on wind power. The company has agreed to roll out Square Roots modular farms across their network of hundreds of retail stores and food production and distribution facilities in the U.S. in coming years.

Rather than a plant factory, where you’d spend tens of millions to build an industrial-scale facility that could take two to three years, we pop up in a new city in a matter of weeks. Tobias Peggs Square Roots co-founder


Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: lora kolodny, jacob douglas, christopher butler
Keywords: news, cnbc, companies, roots, peggs, eventually, indoor, farming, food, kimbal, square, crops, mission, astronauts, musk, mars, feed, musks, farms, world


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This town in Italy is giving away free houses — but there’s a catch

It could cost between $133,000 and $2.8 million to purchase a home in Sicily, Italy, according to Realtor.com. But now, in Cammarata, an ancient town located in central Sicily, homes are being offered for free. However, there is a catch. In order for new residents to land a free home, they must present a clear renovation proposal for the property and renovate it within three years. In Cammarata, each homeowner must pay a deposit of about 5,000 euro ($5,500), which will be returned once the renov


It could cost between $133,000 and $2.8 million to purchase a home in Sicily, Italy, according to Realtor.com.
But now, in Cammarata, an ancient town located in central Sicily, homes are being offered for free.
However, there is a catch.
In order for new residents to land a free home, they must present a clear renovation proposal for the property and renovate it within three years.
In Cammarata, each homeowner must pay a deposit of about 5,000 euro ($5,500), which will be returned once the renov
This town in Italy is giving away free houses — but there’s a catch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: taylor locke
Keywords: news, cnbc, companies, according, away, cammarata, cost, homes, theres, catch, giving, italy, euro, town, square, sicily, renovation, free, houses


This town in Italy is giving away free houses — but there's a catch

It could cost between $133,000 and $2.8 million to purchase a home in Sicily, Italy, according to Realtor.com. But now, in Cammarata, an ancient town located in central Sicily, homes are being offered for free.

However, there is a catch.

In order for new residents to land a free home, they must present a clear renovation proposal for the property and renovate it within three years. Though there is no information on how much a renovation in Cammarata might cost, in Mussomeli, a town about 11 miles away that gave away 1 euro homes in June, renovation costs were estimated to range from 100 to 700 euros per square meter ($110 to $773 per 10 square feet), according to Case 1 Euro.

In Cammarata, each homeowner must pay a deposit of about 5,000 euro ($5,500), which will be returned once the renovations are complete.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: taylor locke
Keywords: news, cnbc, companies, according, away, cammarata, cost, homes, theres, catch, giving, italy, euro, town, square, sicily, renovation, free, houses


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WeWork accounted for 69% of coworking space leases in third quarter, even as crisis loomed

People walk out of the co-working space WeWork in the Williamsburg neighborhood of Brooklyn in New York. Spencer Platt | Getty ImagesOn the last day of the third quarter, WeWork withdrew its IPO filing and kicked off a desperate race to find fresh capital to keep the business afloat. That includes more than 350,000 square feet at 437 Madison Ave., where it took 12 floors of the 40-story tower. Worth, where it signed a lease covering two floors and 53,000 square feet at a building in the neighbor


People walk out of the co-working space WeWork in the Williamsburg neighborhood of Brooklyn in New York.
Spencer Platt | Getty ImagesOn the last day of the third quarter, WeWork withdrew its IPO filing and kicked off a desperate race to find fresh capital to keep the business afloat.
That includes more than 350,000 square feet at 437 Madison Ave., where it took 12 floors of the 40-story tower.
Worth, where it signed a lease covering two floors and 53,000 square feet at a building in the neighbor
WeWork accounted for 69% of coworking space leases in third quarter, even as crisis loomed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: ari levy
Keywords: news, cnbc, companies, company, cbre, accounted, whelan, crisis, quarter, wework, space, coworking, square, total, market, leases, feet, loomed


WeWork accounted for 69% of coworking space leases in third quarter, even as crisis loomed

People walk out of the co-working space WeWork in the Williamsburg neighborhood of Brooklyn in New York. Spencer Platt | Getty Images

On the last day of the third quarter, WeWork withdrew its IPO filing and kicked off a desperate race to find fresh capital to keep the business afloat. At the same time, the company was wrapping up a period of breakneck expansion, signing up big facilities in cities like New York, Los Angeles and Boston. According to data just released by real estate firm CBRE and provided to CNBC, WeWork leased a total of about 2.8 million square feet in the U.S. in the quarter and was the No. 1 leaser in 9 of the top 10 markets for flexible space growth. The company accounted for 69% of flex lease activity in the quarter, up from 68% in the second quarter and 60% in the same period a year earlier, CBRE said. The new report shows that even as WeWork was struggling to sell skeptical Wall Street investors on its future prospects, the company was taking full advantage of the billions of dollars it had raised from SoftBank to bulk up in the country’s most expensive real estate markets. Far from slowing down after losing more than $900 million in the first half of the year, WeWork’s ambitions were only growing. Julie Whelan, senior director of research at CBRE, said these numbers reflect deals that were signed before the headlines turned negative. “Real estate generally lags sentiment in the market,” Whelan said. “It is not surprising that flexible office space transactions in Q3 remained strong despite the recent developments in the market. A slowdown in activity can be expected as we end the year.”

WeWork’s top markets

WeWork became New York’s top office space tenant last year and continued expanding in the third quarter, leasing close to 700,000 square feet worth of space in Manhattan out of a total of 846,000 square feet. That includes more than 350,000 square feet at 437 Madison Ave., where it took 12 floors of the 40-story tower. In Los Angeles, WeWork added 355,000 square feet, including four floors at a tower on Miracle Mile, near some of the city’s most famous museums. WeWork’s third-biggest market in the latest quarter was Boston, followed by Orange County, California, and Dallas/Ft. Worth, where it signed a lease covering two floors and 53,000 square feet at a building in the neighboring city of Plano. Under co-founder Adam Neumann, who was ousted as CEO in September, WeWork sucked up space by signing long-term leases and then renting out offices to early stage start-ups as well as large enterprises, which typically pay monthly memberships. At the end of the second quarter, WeWork had $17.9 billion in long-term lease obligations and, according to CBRE, controlled one-third of the entire flexible space market, making it almost twice the size of Regus (IWG), its closest rival.

Adam Neumann, co-founder and chief executive officer of WeWork, in April 2018. Jackal Pan | Visual China Group | Getty Images

Everything changed for WeWork after the company pulled its IPO plans on Sept. 30. Three weeks later, SoftBank took control of 80% of the company with a $5 billion bailout plan and announced that layoffs are coming. CBRE isn’t predicting what will happen to any existing WeWork locations, but the firm is dramatically reducing its forecast for total market growth now that it expects “very minimal” increased activity from the biggest leaser, Whelan said. The coworking space market has been growing about 26% a year since 2010, and CBRE was expecting that number to reach 36% this year. The firm now is projecting growth of 23% for 2019, falling next year to between 10% and 15%, Whelan said.

Sharing the wealth


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: ari levy
Keywords: news, cnbc, companies, company, cbre, accounted, whelan, crisis, quarter, wework, space, coworking, square, total, market, leases, feet, loomed


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Activist reportedly buys stake in MSG stock, sees Knicks and Rangers worth more than $7 billion

James Dolan, executive chairman and CEO of MSG, has been planning to spinoff the struggling New York teams from the other MSG assets, which include the Madison Square Garden Arena and the Radio City Music Hall. MSG, which has a market value of about $6.6 billion, would get a large boost from the sale of the highly-valued assets. Through Wednesday, shares of Madison Square Garden are up only 3% since January. The activist investor group has been looking into ways that MSG can boost share performa


James Dolan, executive chairman and CEO of MSG, has been planning to spinoff the struggling New York teams from the other MSG assets, which include the Madison Square Garden Arena and the Radio City Music Hall.
MSG, which has a market value of about $6.6 billion, would get a large boost from the sale of the highly-valued assets.
Through Wednesday, shares of Madison Square Garden are up only 3% since January.
The activist investor group has been looking into ways that MSG can boost share performa
Activist reportedly buys stake in MSG stock, sees Knicks and Rangers worth more than $7 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, worth, knicks, garden, share, rangers, buys, sees, stock, square, spinoff, teams, sale, reportedly, msg, madison, stake, billion, york


Activist reportedly buys stake in MSG stock, sees Knicks and Rangers worth more than $7 billion

RJ Barrett #9 of the New York Knicks shoots the ball dunks the ball against the Detroit Pistons on November 6, 2019 at Little Caesars Arena in Detroit, Michigan.

Activist investor in Madison Square Garden Company, Blue Harbour Group, is reportedly encouraging the sale of a portion the New York Knicks and New York Rangers in order to boost MSG share performance ahead of the planned spinoff of the sports teams, Bloomberg News reported on Wednesday.

Shares of Madison Square Garden rose 1.2% on Thursday on news that Blue Harbour Group’s Clifton Robbins estimates the two New York sports team are worth as much as $7.2 billion, and believes a possible sale of part of MSG’s stake it plans to retain would be a great way to maximize shareholder value.

James Dolan, executive chairman and CEO of MSG, has been planning to spinoff the struggling New York teams from the other MSG assets, which include the Madison Square Garden Arena and the Radio City Music Hall. MSG plans to retain a one-third of the sports assets after the spinoff. Robbins, whose firm has a 4% stake in MSG, is reportedly pressuring Dolan to sell a portion of the sports franchises ahead of the planned spinoff in the beginning of 2020.

MSG, which has a market value of about $6.6 billion, would get a large boost from the sale of the highly-valued assets. Robbins told Bloomberg he thinks shares of MSG are worth about $400 per share today. The stock closed at $275.72 on Wednesday.

Through Wednesday, shares of Madison Square Garden are up only 3% since January. The activist investor group has been looking into ways that MSG can boost share performance.

Blue Harbour Group did not immediately responded for comment from CNBC. MSG decline to comment.

Silver Lake Partners, which owns about 10% of MSG, reportedly offered buying a largest stake in the MSG sports teams ahead of the spin-off, the New York Post reported on Wednesday.

—read the full Bloomberg story here.


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, worth, knicks, garden, share, rangers, buys, sees, stock, square, spinoff, teams, sale, reportedly, msg, madison, stake, billion, york


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Stocks making the biggest moves premarket: Roku, SeaWorld, Boeing, Square, Expedia & more

Dish Network (DISH) – Dish reported quarterly earnings of 66 cents per share, 5 cents a share above estimates. Qualcomm (QCOM) – Qualcomm reported quarterly profit of 78 cents per share, 7 cents a share above estimates. Roku (ROKU) – Roku lost 22 cents per share for the third quarter, 6 cents a share smaller than anticipated. Expedia (EXPE) – Expedia fell 42 cents a share shy of consensus estimates, with quarterly profit of $3.38 per share. Square (SQ) – Square came in 5 cents a share above esti


Dish Network (DISH) – Dish reported quarterly earnings of 66 cents per share, 5 cents a share above estimates.
Qualcomm (QCOM) – Qualcomm reported quarterly profit of 78 cents per share, 7 cents a share above estimates.
Roku (ROKU) – Roku lost 22 cents per share for the third quarter, 6 cents a share smaller than anticipated.
Expedia (EXPE) – Expedia fell 42 cents a share shy of consensus estimates, with quarterly profit of $3.38 per share.
Square (SQ) – Square came in 5 cents a share above esti
Stocks making the biggest moves premarket: Roku, SeaWorld, Boeing, Square, Expedia & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, seaworld, company, premarket, boeing, share, estimates, quarterly, moves, earnings, expedia, square, quarter, profit, roku, biggest, stocks, forecasts, revenue, making, cents


Stocks making the biggest moves premarket: Roku, SeaWorld, Boeing, Square, Expedia & more

Check out the companies making headlines before the bell:

AmerisourceBergen (ABC) – The drug distributor beat estimates by 3 cents a share, with quarterly profit of $1.61 per share. Revenue beat estimates as well. The company took a $50.9 million charge related to the recent opioid settlement with two Ohio counties.

Cardinal Health (CAH) – Cardinal reported quarterly profit of $1.27 per share, compared to a consensus estimate of $1.09. Revenue also topped forecasts. The company’s results included a $5.6 billion accrual related to opioid litigation.

Kontoor Brands (KTB) – The maker of Lee and Wrangler jeans earned an adjusted 95 cents per share for its latest quarter, 6 cents a share better than estimates. Revenue fell below analysts’ forecasts. Kontoor said it was seeing the benefits of prior cost-cutting and restructuring initiatives.

Nielsen (NLSN) – Nielsen announced plans to separate into two public companies, through a spin-off of its Global Connect Business. James Kenny will serve as CEO of the Global Media business, while a search is underway for a chief executive for the new company.

Norwegian Cruise Line (NCLH) – The cruise line operator beat estimates by 7 cents a share, with adjusted quarterly profit of $2.23 per share. Revenue beat estimates as well. Norwegian said it had a solid quarter despite the impact of Hurricane Dorian, and that it is on track to achieve prior financial goals for 2020.

Dish Network (DISH) – Dish reported quarterly earnings of 66 cents per share, 5 cents a share above estimates. Revenue was also above forecasts. The satellite TV company unexpectedly added 148,000 subscribers during the quarter, compared to analyst forecasts of a decline.

SeaWorld Entertainment (SEAS) – The theme park operator fell 16 cents a share short of consensus estimates, with quarterly earnings of $1.24 per share. Revenue missed expectations as well on a sharp increase in bad weather days.

Party City (PRTY) – Party City lost 28 cents per share for its latest quarter, compared to forecasts of a breakeven performance. Revenue was below forecasts as well, with the party supplies retailer calling its quarter “disappointing” and saying that many tailwinds that it had expected failed to materialize.

Teva Pharmaceutical (TEVA) – The drugmaker fell a penny a share shy of estimates, with adjusted quarterly earnings of 58 cents per share. Revenue was above forecasts. Teva lifted the lower end of its full-year revenue and profit forecast.

Qualcomm (QCOM) – Qualcomm reported quarterly profit of 78 cents per share, 7 cents a share above estimates. Revenue also topped forecasts. Its results were boosted by its licensing operation, most notably from its licensing deal with Apple (AAPL).

Roku (ROKU) – Roku lost 22 cents per share for the third quarter, 6 cents a share smaller than anticipated. The video streaming device maker’s revenue came in above estimates. The shares are coming under pressure, however, as losses widened from a year earlier and Roku spent more on acquiring new subscribers.

Boeing (BA) – Boeing said U.S. and European regulators want documentation for its proposed 737 Max software fix revised. That could delay the grounded jet’s return to service.

Expedia (EXPE) – Expedia fell 42 cents a share shy of consensus estimates, with quarterly profit of $3.38 per share. The travel website operator’s revenue was slightly below estimates as well. Expedia also saw other key metrics fall short of analyst forecasts, and it also cut its full-year guidance.

TripAdvisor (TRIP) – TripAdvisor missed estimates by 11 cents a share, with adjusted quarterly earnings of 58 cents per share. Revenue came in below estimates as well. The company said the quarter was more difficult than it anticipated, and that it would undergo a cost structure evaluation. The online travel company also declared a special cash dividend of $3.50 per share.

Square (SQ) – Square came in 5 cents a share above estimates, with adjusted quarterly earnings of 25 cents per share. Revenue also came in above estimates, helped by growth in its subscription and services business.

McDonald’s (MCD) – CEO Chris Kempczinski bought about $500,000 in company shares, according to a Securities and Exchange Commission filing. Kempczinski had not owned any McDonald’s shares prior to being appointed CEO this past weekend.

HP Inc. (HPQ) – HP said it had held talks with Xerox (XRX) about a “potential business combination,” following reports that Xerox was mulling a cash-and-stock offer to acquire the computer and printer maker. HP said it was confident in its ongoing strategy and would do whatever was in the best interests of its shareholders.

Baidu (BIDU) – Baidu reported better-than-expected profit and revenue for the third quarter, as the China-based internet company saw more people sign up for its video streaming service iQiyi (IQ).


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, seaworld, company, premarket, boeing, share, estimates, quarterly, moves, earnings, expedia, square, quarter, profit, roku, biggest, stocks, forecasts, revenue, making, cents


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Trader bets Square moves 10% on earnings

He expects that will happen when the payment stock delivers quarterly earnings numbers after Wednesday’s market close. Based on the trading activity right now, Rosin sees Square shares moving 10% in either direction. “So, we’re using a call spread right now. According to Refinitiv, Wall Street expects Square to earn 20 cents a share on $596.4 million in revenue in the third quarter. “Momentum selling off has affected the payment names, Square in particular,” Rosin said.


He expects that will happen when the payment stock delivers quarterly earnings numbers after Wednesday’s market close.
Based on the trading activity right now, Rosin sees Square shares moving 10% in either direction.
“So, we’re using a call spread right now.
According to Refinitiv, Wall Street expects Square to earn 20 cents a share on $596.4 million in revenue in the third quarter.
“Momentum selling off has affected the payment names, Square in particular,” Rosin said.
Trader bets Square moves 10% on earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: stephanie landsman
Keywords: news, cnbc, companies, bets, spread, earnings, right, upside, trading, stock, payment, moves, rosin, revenue, trader, share, square


Trader bets Square moves 10% on earnings

Oppenheimer’s Alon Rosin is positioning for a double-digit move in Square.

He expects that will happen when the payment stock delivers quarterly earnings numbers after Wednesday’s market close.

Based on the trading activity right now, Rosin sees Square shares moving 10% in either direction.

“But we’re looking for a way to play some upside given the pressure. Upside may be a little capped,” the firm’s head of institutional equity derivatives told CNBC’s “Trading Nation” on Tuesday. “So, we’re using a call spread right now. We’re looking at the Nov. 8 $63 – $68 call spread around 1.25 here with the stock at $61.”

The stock closed Tuesday at $61.06 a share, down 2.1%.

Square, whose CEO is Twitter chief Jack Dorsey, has tanked 24% since Aug. 4. It’s a massive departure from the run it has had over the past three years. Over that time frame, it’s up more than 400%.

“It’s getting caught in this growth sell-off right now,” said Rosin. “We’re just not seeing the demand for these names.”

According to Refinitiv, Wall Street expects Square to earn 20 cents a share on $596.4 million in revenue in the third quarter. It earned 13 cents a share on $431.1 million in revenue in the period a year earlier.

“Momentum selling off has affected the payment names, Square in particular,” Rosin said.

Disclosure: Rosin and his firm has positions in Square.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: stephanie landsman
Keywords: news, cnbc, companies, bets, spread, earnings, right, upside, trading, stock, payment, moves, rosin, revenue, trader, share, square


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Trump cheered and booed at mixed martial arts fight in Madison Square Garden

President Donald Trump arrives to the UFC 244 event at Madison Square Garden on November 02, 2019 in New York City. Days after being booed at a World Series game in Washington, Trump was greeted by an ovation from many fans of the contact sport gathered to watch fighter Nate Diaz face off against Jorge Masvidal in an Ultimate Fighting Championship match at Madison Square Garden. The life-long New Yorker also has a long relationship with MMA and UFC President Dana White. His warm reception from M


President Donald Trump arrives to the UFC 244 event at Madison Square Garden on November 02, 2019 in New York City.
Days after being booed at a World Series game in Washington, Trump was greeted by an ovation from many fans of the contact sport gathered to watch fighter Nate Diaz face off against Jorge Masvidal in an Ultimate Fighting Championship match at Madison Square Garden.
The life-long New Yorker also has a long relationship with MMA and UFC President Dana White.
His warm reception from M
Trump cheered and booed at mixed martial arts fight in Madison Square Garden Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-03
Keywords: news, cnbc, companies, cheered, square, york, president, martial, nationals, garden, impeachment, washington, arts, white, madison, trump, visit, ufc, mma, booed, mixed, fight


Trump cheered and booed at mixed martial arts fight in Madison Square Garden

President Donald Trump arrives to the UFC 244 event at Madison Square Garden on November 02, 2019 in New York City.

U.S. President Donald Trump presided over a bruising Mixed Martial Arts (MMA) showdown on Saturday in his first visit to New York City after declaring his exodus from the Big Apple and as an impeachment inquiry looms over his presidency.

Days after being booed at a World Series game in Washington, Trump was greeted by an ovation from many fans of the contact sport gathered to watch fighter Nate Diaz face off against Jorge Masvidal in an Ultimate Fighting Championship match at Madison Square Garden.

Flanked by key Republican lawmakers and his sons, Eric and Don Jr., Trump stood up and waved from his seat just feet from the octagon, drawing cheers from the 20,000-strong crowd.

A smattering of boos could be heard when he entered.

For Trump, the visit was a welcome break from a House of Representatives impeachment probe of allegations he withheld aid from Ukraine to pressure authorities there to investigate his political rival, former Vice President Joe Biden.

At a rally on Friday in Mississippi, Trump said an “angry majority” of voters would support him against impeachment, a day after the Democratic-controlled House voted formally to lay out the rules of the inquiry.

Trump’s visit was his first to New York since announcing he was moving his permanent residence from Trump Tower on Fifth Avenue to his Mar-a-Lago estate in Palm Beach, Florida.

New York Governor Andrew Cuomo tweeted “good riddance” after Trump slammed local officials for treating him badly despite his paying what he said were “millions” in taxes there.

Several dozen demonstrators, including members of local anti-fascist groups, gathered outside the venue in Midtown Manhattan to protest Trump’s visit, some holding placards that read “Impeach Trump” and chanting “Out now!”

The life-long New Yorker also has a long relationship with MMA and UFC President Dana White. Trump hosted UFC events at his since-bankrupt Taj Mahal casino in Atlantic City decades ago when the sport was spurned by most venues,

White said in an interview last year with The Hill. “I would never say anything negative about Donald Trump because he was there when other people weren’t,” said White, who spoke at the 2016 Republican National Convention in support of Trump’s candidacy.

Trump has a taste for martial arts. During a visit to Japan earlier this year, he spent what he said was an “incredible evening” watching sumo wrestling in Tokyo with Prime Minister Shinzo Abe.

His warm reception from MMA fans was in stark contrast to his appearance at Game 5 of the Major League Baseball World Series between the Washington Nationals and Houston Astros last Sunday. Some attendees booed and chanted “Lock him up!” when Trump was shown on screen at the Washington Nationals Park stadium.

The Washington Post reported on Saturday that Nationals pitcher Sean Doolittle would skip the traditional visit to the White House to mark the team’s victory, saying he “just can’t” celebrate with Trump. Doolittle, 33, was quoted as saying he would not go because his wife’s parents are lesbians and he has a disabled brother-in-law, and Trump has mocked both lesbians and the disabled.


Company: cnbc, Activity: cnbc, Date: 2019-11-03
Keywords: news, cnbc, companies, cheered, square, york, president, martial, nationals, garden, impeachment, washington, arts, white, madison, trump, visit, ufc, mma, booed, mixed, fight


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Here’s how much space $1 million buys in 10 major US cities

In San Francisco proper, $1 million would typically get you a one-bedroom, one-bathroom condo, or a total of 888 square feet. In the metro area overall, $1 million covers a median of 1,150 square feet. In Memphis, however, you can expect $1 million to buy a home that’s roughly 5,440 square feet. That’s nearly five times the amount of space that same budget could afford in San Francisco. Here’s the median amount of space $1 million will buy in 10 major cities across the U.S.


In San Francisco proper, $1 million would typically get you a one-bedroom, one-bathroom condo, or a total of 888 square feet.
In the metro area overall, $1 million covers a median of 1,150 square feet.
In Memphis, however, you can expect $1 million to buy a home that’s roughly 5,440 square feet.
That’s nearly five times the amount of space that same budget could afford in San Francisco.
Here’s the median amount of space $1 million will buy in 10 major cities across the U.S.
Here’s how much space $1 million buys in 10 major US cities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: noah higgins-dunn
Keywords: news, cnbc, companies, feet, heres, cities, buys, square, san, condo, median, buy, million, space, thats, onebedroom, major


Here's how much space $1 million buys in 10 major US cities

Even if you’re lucky enough to enter the U.S. housing market with a $1 million budget, there’s still some bad news: That money might only buy a one-bedroom apartment, depending on where you want to live.

That’s according to new research from Using its own data, Zillow analyzed homes in each city valued between $950,000 and $1,050,000.

In some expensive, coastal cities, many homeowners choose a smaller condo or apartment in the heart of downtown, rather than a standalone home farther out. In San Francisco proper, $1 million would typically get you a one-bedroom, one-bathroom condo, or a total of 888 square feet. In the metro area overall, $1 million covers a median of 1,150 square feet.

In Memphis, however, you can expect $1 million to buy a home that’s roughly 5,440 square feet. That’s nearly five times the amount of space that same budget could afford in San Francisco.

Here’s the median amount of space $1 million will buy in 10 major cities across the U.S.


Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: noah higgins-dunn
Keywords: news, cnbc, companies, feet, heres, cities, buys, square, san, condo, median, buy, million, space, thats, onebedroom, major


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Nordstrom’s New York flagship opens today. Here’s a look inside

Nordstrom’s newest store, in Manhattan near Central Park and Columbus Circle, has been in the works for seven years. It also has two Nordstrom Rack locations, two Nordstrom Locals and a shop for its Trunk Club personal styling service in the city. Nordstrom is solidifying its presence in New York, which it says is already its largest market for online sales. Nordstrom has said that when it opens a bricks-and-mortar store in a market, online sales there tend to jump more than 20%. Here’s a look i


Nordstrom’s newest store, in Manhattan near Central Park and Columbus Circle, has been in the works for seven years.
It also has two Nordstrom Rack locations, two Nordstrom Locals and a shop for its Trunk Club personal styling service in the city.
Nordstrom is solidifying its presence in New York, which it says is already its largest market for online sales.
Nordstrom has said that when it opens a bricks-and-mortar store in a market, online sales there tend to jump more than 20%.
Here’s a look i
Nordstrom’s New York flagship opens today. Here’s a look inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-24  Authors: lauren thomas
Keywords: news, cnbc, companies, store, sales, today, market, manhattan, flagship, nordstroms, opens, nordstrom, service, square, seven, inside, york, heres, look


Nordstrom's New York flagship opens today. Here's a look inside

Nordstrom’s newest store, in Manhattan near Central Park and Columbus Circle, has been in the works for seven years.

It will be a place where women can discover new brands . It will feature Nordstrom’s full suite of services, like online order pickup (24/7), clothing alterations, shoe repairs, stroller cleaning and appointments with personal stylists in the styling lounge.

The retailer had previously opened a men’s location across the street roughly a year ago. It also has two Nordstrom Rack locations, two Nordstrom Locals and a shop for its Trunk Club personal styling service in the city. But Nordstrom thinks its newest full-line store, in the works for seven years, will tie all of those spaces together, and then some.

A new flagship store — seven floors and 320,000 square feet of shoes, handbags, designer dresses, make-up, jewelry and more — opens in Manhattan, just south of Central Park at the intersection of 57th Street and Broadway, on Thursday morning.

Nordstrom is solidifying its presence in New York, which it says is already its largest market for online sales.

Hungry for a bite to eat with all that shopping? The space has seven spots for that, including: A martini bar in the middle of the shoe floor, a gluten-free donut shop, a family friendly pizza and pasta option, a bar with a terrace overlooking Times Square and a finer-dining eatery, serving house-made gnocchi pasta, called “Wolf” that will stay open even after Nordstrom closes up for the night. And customer service reps will even deliver your meal to you, while you shop.

“As we’ve [opened] stores, each one made sense at the time,” co-president Pete Nordstrom said during a meeting with investors earlier this week. “New York was always out there,” he said, but Nordstrom was looking for the best “greenfield opportunity” as it scoured Manhattan commercial real estate.

He said Nordstrom considered taking the spot where Neiman Marcus now sits, atop Hudson Yards. But it settled on the bottom of the tallest residential building in the Western Hemisphere.

Nordstrom says its business is built on service, and so it had to offer plenty of those in the new store. On an offshoot of the second floor, it has an Anastasia Brow bar, a Drybar for blowouts, a Heyday for facials, Face Gym for facial massages, a waxing room, nail salon and more. You could spend a whole day there, hopping from one appointment to the next.

Nordstrom has said that when it opens a bricks-and-mortar store in a market, online sales there tend to jump more than 20%. It’s expecting a similar boost in Manhattan, even though the market is more crowded.

Barneys New York, with its future still in flux, is right down the block. Saks has its shrine on Fifth Avenue. Macy’s is a subway ride down in Herald Square. And Neiman Marcus just opened less than a year ago at the Hudson Yards mall on the West Side.

“We believe Nordstrom’s entry into the New York market should help drive a multi-year sales lift in the region … which the company has previously identified as a [more than] $700 million full-price opportunity,” Telsey Advisory Group analyst Dana Telsey said in a note to clients this week. “However, for the company overall, we continue to look for indications that marketing efforts and improvement in product assortments are helping to drive traffic/conversion following weak sales performance over the past three quarters.”

Nordstrom shares are down about 21% this year, while the S&P 500 Retail ETF is up 7%.

Here’s a look inside the new store, which opens Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-10-24  Authors: lauren thomas
Keywords: news, cnbc, companies, store, sales, today, market, manhattan, flagship, nordstroms, opens, nordstrom, service, square, seven, inside, york, heres, look


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