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The Supreme Court has granted cert on whether prosecuting a homeless sidewalk-camper is cruel and unusual punishment. And the 9th Circuit has granted en banc review whether anti-SLAPP denials are appealable.Also: You are doing MSJ separate statements wrong (maybe). There are two schools of thought, and the Court of Appeal in a partially published opinion came down hard against the school that includes in the separate statement all narrative and background facts.Tim and Jeff discuss.Appellate Specialist Jeff Lewis' biography, LinkedIn profile, and Twitter feed.Appellate Specialist Tim Kowal's biography, LinkedIn profile, Twitter feed, and YouTube page.Sign up for Not To Be Published, Tim Kowal's weekly legal update, or view his blog of recent cases.The California Appellate Law Podcast thanks Casetext for sponsoring the podcast. Listeners receive a discount on Casetext Basic Research at casetext.com/CALP. The co-hosts, Jeff and Tim, were also invited to try Casetext's newest technology, CoCounsel, the world's first AI legal assistant. You can discover CoCounsel for yourself with a demo and free trial at casetext.com/CoCounsel.Other items discussed in the episode:Videos from this episode will be posted at Tim Kowal's YouTube channel.SB 662, to create electronic recordings of court proceedings, fails.In San Fran homelessness case in 9th Cir., two stark opinions about waiver Coal. On Homelessness v. City of San Francisco, No. 23-15087 (9th Cir. 2024)Beltran v. Hard Rock Hotel Licensing, Inc., No. G062736 (Cal. Ct. App. Dec. 5, 2023)Justice Baker is not a big fan of Costco Gylfie v. Costco Wholesale Corp. (D2d5 Dec. 27, 2023 No. B320694 [nonpub. opn.]
US equity markets weaker following a pair of soft economic reports - Dow added +80-points or +0.24%. The broader S&P500 slipped -0.25%, with Consumer Discretionary (down -2.04%) leading seven of the eleven primary sectors lower. The more defensive Utilities (up +2.57%) and Health Care (+1.73%) sectors sat at top of the primary sector leaderboard, while the Energy sector rose +1.42%. FedEx Corp rose +1.52% after the logistics giant announced plans to consolidate its operating companies into one organisation as part of an initiative called ‘Drive', with the transition expected to be fully implemented in June 2024. The company expects the overall initiative to drive US$4B in permanent cost reductions in fiscal 2025. FedEx also plans to boost its annual dividend by +10% to US$0.44c per share. Costco Wholesale Corp fell over >2% in extended trading (after slipping -0.12% in the regular session) after the membership warehouse retailer reported its first monthly same-store sales (SSS) drop (down -1.1%) in nearly three years in March. The Nasdaq lost -1.07%, extending the technology centric indice's decline into a third straight session. The small capitalisation Russell 2000 lost -0.99%.
US equity markets weaker following a pair of soft economic reports - Dow added +80-points or +0.24%. The broader S&P500 slipped -0.25%, with Consumer Discretionary (down -2.04%) leading seven of the eleven primary sectors lower. The more defensive Utilities (up +2.57%) and Health Care (+1.73%) sectors sat at top of the primary sector leaderboard, while the Energy sector rose +1.42%. FedEx Corp rose +1.52% after the logistics giant announced plans to consolidate its operating companies into one organisation as part of an initiative called ‘Drive', with the transition expected to be fully implemented in June 2024. The company expects the overall initiative to drive US$4B in permanent cost reductions in fiscal 2025. FedEx also plans to boost its annual dividend by +10% to US$0.44c per share. Costco Wholesale Corp fell over >2% in extended trading (after slipping -0.12% in the regular session) after the membership warehouse retailer reported its first monthly same-store sales (SSS) drop (down -1.1%) in nearly three years in March. The Nasdaq lost -1.07%, extending the technology centric indice's decline into a third straight session. The small capitalisation Russell 2000 lost -0.99%.
http://www.Gabelli.com Invest with Us 1-800-GABELLI (800-422-3554) Gabelli Funds Research Analyst, Justin McAuliffe, shares why Costco is one of our best ideas for 2023.
US equity markets advanced to cap a choppy trading week, with investors eyeing a big fortnight on the corporate earnings calendar - Dow gained +331-points or +1.00%. Goldman Sachs Group Inc fell -2.54% after the Wall Street Journal (WSJ) reported that the Federal Reserve is investigating the investment bank's consumer business. The regulator is looking into whether Goldman had the right safeguards in place to protect consumers when it increased lending in its Marcus division, according to the WSJ report, citing sources familiar with the matter. The broader S&P500 rose +1.89% to log its best daily percentage gain since 6 January. Communication Services (up +3.96%) and Information Technology (+2.72%) both rose over >2.5% to lead all eleven primary sectors higher. Costco Wholesale Corp rose +2.26% after announcing late Thursday (19 January) that its board reauthorised a stock buyback program of up to US$4B. The Nasdaq rallied +2.66%. Netflix Inc jumped +8.46% after the streaming giant posted stronger-than-expected paid subscriber numbers for the fourth quarter (7.66M versus consensus 4.57M) after the close of last Thursday's (19 January) session, while the company also disclosed that co-Chief Executive Officer (CEO) Reed Hastings would be stepping down from his position and transitioning to the post of executive chairman. Google parent Alphabet Inc gained +5.34% after becoming the latest technology company to announce job cuts, with plans to cut 12K jobs across various areas, roles and regions within the company (equating to over 6% of its global workforce). All of Amazon.com Inc (up +3.81%), Meta Platforms Inc (+2.37%), Microsoft Corp (+3.57%) and Twitter Inc have slashed their head counts recently. Eli Lilly and Co fell -1.43% after the U.S. Food and Drug Administration (FDA) rejected the pharmaceutical company's experimental Alzheimer's disease treatment as it had not provided enough trial data. The small capitalisation Russell 2000 rose +1.69%.
US equity markets advanced to cap a choppy trading week, with investors eyeing a big fortnight on the corporate earnings calendar - Dow gained +331-points or +1.00%. Goldman Sachs Group Inc fell -2.54% after the Wall Street Journal (WSJ) reported that the Federal Reserve is investigating the investment bank's consumer business. The regulator is looking into whether Goldman had the right safeguards in place to protect consumers when it increased lending in its Marcus division, according to the WSJ report, citing sources familiar with the matter. The broader S&P500 rose +1.89% to log its best daily percentage gain since 6 January. Communication Services (up +3.96%) and Information Technology (+2.72%) both rose over >2.5% to lead all eleven primary sectors higher. Costco Wholesale Corp rose +2.26% after announcing late Thursday (19 January) that its board reauthorised a stock buyback program of up to US$4B. The Nasdaq rallied +2.66%. Netflix Inc jumped +8.46% after the streaming giant posted stronger-than-expected paid subscriber numbers for the fourth quarter (7.66M versus consensus 4.57M) after the close of last Thursday's (19 January) session, while the company also disclosed that co-Chief Executive Officer (CEO) Reed Hastings would be stepping down from his position and transitioning to the post of executive chairman. Google parent Alphabet Inc gained +5.34% after becoming the latest technology company to announce job cuts, with plans to cut 12K jobs across various areas, roles and regions within the company (equating to over 6% of its global workforce). All of Amazon.com Inc (up +3.81%), Meta Platforms Inc (+2.37%), Microsoft Corp (+3.57%) and Twitter Inc have slashed their head counts recently. Eli Lilly and Co fell -1.43% after the U.S. Food and Drug Administration (FDA) rejected the pharmaceutical company's experimental Alzheimer's disease treatment as it had not provided enough trial data. The small capitalisation Russell 2000 rose +1.69%.
US equity markets rallied sharply on Friday (6 January) after the latest jobs report recorded a cooling in wages growth, ending the first week of 2023 higher - Dow rallied +701-points or +2.13% to 33,630.61, with all 30 index constituents advancing. The index also climbed back above its 50-day moving average (33,346.77).The broader S&P500 gained +2.28%, with Materials (up +3.4%), Information Technology (+2.99%), Real Estate (+2.86%), Consumer Staples (+2.71%) and Industrials (+2.69%) all climbing over >2.5% to lead all eleven primary sectors higher. Tesla Inc rose +2.5% despite news that the electric vehicle (EV) maker has slashed prices in China for the second time in three months. Prices for the Model 3 sedan and Model Y SUV were cut by more than >10%, according to Tesla's website, with the Model 3 falling to ¥229,900 (~US$33,415) from ¥265,900 (~US$38,647), and the Model Y dropping to ¥259,900 (~US$37,775) from ¥288,900 (~US$41,990). Tesla generated 24% of its total third-quarter revenue from China, and the company's Shanghai factory produces more than half of the EVs sold worldwide. Costco Wholesale Corp jumped +7.26% following a strong December sales update after the close of the previous session. Southwest Airlines Co settled +4.62% higher despite the carrier warning Friday (6 January) that it expects to report a surprise net loss for the fourth quarter after cancelling thousands of flights over the holidays. It was the best day for the Dow and S&P 500 since 30 November and the best for the Nasdaq since 29 December. The Nasdaq jumped +2.56%. The small capitalisation Russell 2000 rallied +2.26%.
US equity markets rallied sharply on Friday (6 January) after the latest jobs report recorded a cooling in wages growth, ending the first week of 2023 higher - Dow rallied +701-points or +2.13% to 33,630.61, with all 30 index constituents advancing. The index also climbed back above its 50-day moving average (33,346.77).The broader S&P500 gained +2.28%, with Materials (up +3.4%), Information Technology (+2.99%), Real Estate (+2.86%), Consumer Staples (+2.71%) and Industrials (+2.69%) all climbing over >2.5% to lead all eleven primary sectors higher. Tesla Inc rose +2.5% despite news that the electric vehicle (EV) maker has slashed prices in China for the second time in three months. Prices for the Model 3 sedan and Model Y SUV were cut by more than >10%, according to Tesla's website, with the Model 3 falling to ¥229,900 (~US$33,415) from ¥265,900 (~US$38,647), and the Model Y dropping to ¥259,900 (~US$37,775) from ¥288,900 (~US$41,990). Tesla generated 24% of its total third-quarter revenue from China, and the company's Shanghai factory produces more than half of the EVs sold worldwide. Costco Wholesale Corp jumped +7.26% following a strong December sales update after the close of the previous session. Southwest Airlines Co settled +4.62% higher despite the carrier warning Friday (6 January) that it expects to report a surprise net loss for the fourth quarter after cancelling thousands of flights over the holidays. It was the best day for the Dow and S&P 500 since 30 November and the best for the Nasdaq since 29 December. The Nasdaq jumped +2.56%. The small capitalisation Russell 2000 rallied +2.26%.
US equity markets eased following the powerful rally recorded in the final hour pf the previous session, with investors eyeing tonight's AEST key jobs data - Dow fell -195-points or -0.56%. Salesforce Inc fell -8.27% after the business software provider released its quarterly result after the closing bell of the previous session and announced that co-chief executive officer (CEO) Bret Taylor is stepping down. The broader S&P500 dipped -0.09%, with Financials (down -0.71%) leading eight of the eleven primary sectors lower. Communication Services (+0.29%), Health Care (+0.24%) and Information Technology (+0.07%) were the sectors to advance. Costco Wholesale Corp dropped -6.56% after the pace of November sales slowed to a 5.7% gain from the prior year. In October, sales climbed 7.7% from a year ago. The wholesale retailer also reported a -10.1% decline in e-commerce sales during the period. The Nasdaq edged +0.13% higher. The small capitalisation Russell 2000 eased -0.26%.
US equity markets eased following the powerful rally recorded in the final hour pf the previous session, with investors eyeing tonight's AEST key jobs data - Dow fell -195-points or -0.56%. Salesforce Inc fell -8.27% after the business software provider released its quarterly result after the closing bell of the previous session and announced that co-chief executive officer (CEO) Bret Taylor is stepping down. The broader S&P500 dipped -0.09%, with Financials (down -0.71%) leading eight of the eleven primary sectors lower. Communication Services (+0.29%), Health Care (+0.24%) and Information Technology (+0.07%) were the sectors to advance. Costco Wholesale Corp dropped -6.56% after the pace of November sales slowed to a 5.7% gain from the prior year. In October, sales climbed 7.7% from a year ago. The wholesale retailer also reported a -10.1% decline in e-commerce sales during the period. The Nasdaq edged +0.13% higher. The small capitalisation Russell 2000 eased -0.26%.
In this episode, Chris speaks with Richard Bodzy and Gregory McCullough, portfolio managers of the Putnam Growth Opportunities Fund. During the conversation, they touch on many topics, including: The current growth environmentThe benefits of a thematic, long-term approach to growth investingThe themes resonating in today's marketThe process of identifying growth trendsThe critical elements evaluated when implementing portfolio ideasThe importance of analysts and bottom up researchThis material is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. This information is not meant as tax or legal advice. Investors should consult a professional advisor before making investment and financial decisions and for more information on tax rules and other laws, which are complex and subject to change. Consider these risks before investing: Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors.The Russell 1000® Growth Index is an unmanaged index of those companies in the large-cap Russell 1000 Index chosen for their growth orientation. You cannot directly invest in an index. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Top 10 holdings as of 07/31/22 | Microsoft Corp | 11.52% | Apple | 10.79% | Amazon.Com | 6.41% | Alphabet | 5.97% | Tesla | 3.69% | UnitedHealth Group | 3.51% | Mastercard | 2.89% | Visa | 2.84% | Costco Wholesale Corp | 2.59% | Nvidia Corp | 2.09% | Top 10 holdings, percent of portfolio | 52.29% | Holdings will vary over time. This is not an offer to sell or a recommendation to buy any individual security. | Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing. Putnam Retail Management AD2420649 9-22
S&P Futures are once again showing green and pointing towards a higher opening in the premarket. Comments from Joe Biden that he was considering reducing tariffs on China and the launch of a new trade deal with 12 Indo-Pacific nations are helping to lift market sentiment. Oil is higher this morning on expectations of near-term demand increases from China and the U.S. Thee are multiple key economic reports plus the release of the Fes' meeting minutes will highlight this week's action. This week, Best Buy, Disks Sporting Goods, William Sonoma, Macy's, Dollar General Corp., Costco Wholesale Corp. and other retailers are slated to release quarterly reports.
US equity markets rallied and settled near their session highs - Dow up +344-points or +1.01% . The broader S&P500 gained +1.12%, with Consumer Discretionary (up +2.51%) and Information Technology (+1.59%) leading nine of the eleven primary sectors higher. Utilities (down -0.17%) and Financials (-0.08%) were the only primary sectors to close in the red. Airlines got a boost from Delta Air Lines' solid quarterly result, with American Airlines Group Inc up +10.62% and Southwest Airlines Co +7.54%. Costco Wholesale Corp (up +1.67%) announced after the closing bell that it had approved a quarterly payout of 90 cents a share, or US$3.60 a year, up from 79 cents a quarter, or US$3.16 a year. The Nasdaq +2.03%, with chipmakers rebounding. Nvidia Corp rose +3.25%, Advanced Micro Devices Inc +2.78% and Qualcomm Inc +3.24%. PayPal Inc dropped -2.85% following an announcement from Walmart Inc (on Tuesday (12 April) that it had hired PayPal executive John Rainey as its new chief financial officer (CFO). The small capitalisation Russell 2000 gained +1.92%. Gap Inc rose +8.23% after a report from Activist Insight speculating the clothing retailer could be a potential activist target.
US equity markets rallied and settled near their session highs - Dow up +344-points or +1.01% . The broader S&P500 gained +1.12%, with Consumer Discretionary (up +2.51%) and Information Technology (+1.59%) leading nine of the eleven primary sectors higher. Utilities (down -0.17%) and Financials (-0.08%) were the only primary sectors to close in the red. Airlines got a boost from Delta Air Lines' solid quarterly result, with American Airlines Group Inc up +10.62% and Southwest Airlines Co +7.54%. Costco Wholesale Corp (up +1.67%) announced after the closing bell that it had approved a quarterly payout of 90 cents a share, or US$3.60 a year, up from 79 cents a quarter, or US$3.16 a year. The Nasdaq +2.03%, with chipmakers rebounding. Nvidia Corp rose +3.25%, Advanced Micro Devices Inc +2.78% and Qualcomm Inc +3.24%. PayPal Inc dropped -2.85% following an announcement from Walmart Inc (on Tuesday (12 April) that it had hired PayPal executive John Rainey as its new chief financial officer (CFO). The small capitalisation Russell 2000 gained +1.92%. Gap Inc rose +8.23% after a report from Activist Insight speculating the clothing retailer could be a potential activist target.
Let's understand the business from a company that wants to continually provide customers with quality goods and services at the lowest possible prices.Industry: Discount Stores
Costco Wholesale Corp Q3 2021 Earnings Call --- Send in a voice message: https://anchor.fm/earningspodcast/message Support this podcast: https://anchor.fm/earningspodcast/support
A mixed session on Wall Street despite some stellar first quarter results from a brace of banks to kick off the earnings season – Dow added +54-points or +0.16% to 33,730.89, settling ~0.5% below is 23 March record closing high (32,423.15). The Dow pared an earlier climb of over >200-points that lifted the index to a fresh record intra-session high (). The broader S&P500 eased -0.41% a day after logging its 21st record closing high (4,141.59) of 2021 but touched a fresh record intra-day high (4,151.69). Consumer Discretionary (down -1.17) and Information Technology (-1.1%) both fell over >1% to be the worst performing primary sectors. Energy gained +2.91% to comfortably lead the primary sector gains. Costco Wholesale Corp edged ~0.1% higher in after hours trading after lifting its dividend more than >12% to US$0.79c per share. The Nasdaq fell -0.99%. Netflix Inc (down -1.97%) and Facebook Inc (-2.24%) dropped more than >2% each, which Amazon.com Inc (-1.97%), Microsoft Corp (-1.12%) and Apple Inc (-1.79%) all dipped at least 1%. Coinbase Global Inc, the biggest U.S. cryptocurrency exchange and one of the first crypto exchanges to go public, settled at a +31.3% premium to its US$250 issue price and was briefly valued above $100B after touching a session peak of US$429. Dell Technologies Inc rallied over >8% in extended trading after announcing a plan to spin off its 80.8% stake in VMware Inc (up +2.77% in extended trading) to shareholders. Dell holders would receive 0.44 VMware shares for each Dell share held, subject to adjustment prior to close. The small capitalisation Russell 2000 index rose +0.8%.
A mixed session on Wall Street despite some stellar first quarter results from a brace of banks to kick off the earnings season – Dow added +54-points or +0.16% to 33,730.89, settling ~0.5% below is 23 March record closing high (32,423.15). The Dow pared an earlier climb of over >200-points that lifted the index to a fresh record intra-session high (). The broader S&P500 eased -0.41% a day after logging its 21st record closing high (4,141.59) of 2021 but touched a fresh record intra-day high (4,151.69). Consumer Discretionary (down -1.17) and Information Technology (-1.1%) both fell over >1% to be the worst performing primary sectors. Energy gained +2.91% to comfortably lead the primary sector gains. Costco Wholesale Corp edged ~0.1% higher in after hours trading after lifting its dividend more than >12% to US$0.79c per share. The Nasdaq fell -0.99%. Netflix Inc (down -1.97%) and Facebook Inc (-2.24%) dropped more than >2% each, which Amazon.com Inc (-1.97%), Microsoft Corp (-1.12%) and Apple Inc (-1.79%) all dipped at least 1%. Coinbase Global Inc, the biggest U.S. cryptocurrency exchange and one of the first crypto exchanges to go public, settled at a +31.3% premium to its US$250 issue price and was briefly valued above $100B after touching a session peak of US$429. Dell Technologies Inc rallied over >8% in extended trading after announcing a plan to spin off its 80.8% stake in VMware Inc (up +2.77% in extended trading) to shareholders. Dell holders would receive 0.44 VMware shares for each Dell share held, subject to adjustment prior to close. The small capitalisation Russell 2000 index rose +0.8%.
Costco Wholesale Corp Q2 2021 Earnings Call --- Send in a voice message: https://anchor.fm/earningspodcast/message Support this podcast: https://anchor.fm/earningspodcast/support
US equity markets advanced after a choppy session as investors eyed the outcome of the Senate runoff elections in the battleground state of Georgia, which will determine the balance of power in Washington - Dow added +168-points or +0.55%, with Boeing Co (up +4.5%) the leading index performer. The broader S&P500 rose +0.71%, with the Energy sector (up +4.53%) logging its best single-session advance since 4 December and leading ten of the eleven primary sectors higher. Chevron Corp gained +2.7% and Exxon Mobil Corp +4.82%. Real Estate (down -0.08%) was the only primary sector to settle in the red. Tiffany & Co announced after the closing bell that its holiday net sales reached a record high, up 2% thanks in large part to sales in China and online transactions. Costco Wholesale Corp lost -1.16% ahead reporting its December 2020 sales and revenue figures tonight AEST. The Nasdaq gained +0.95%. The small capitalisation Russell 2000 index gained +1.71%.
US equity markets advanced after a choppy session as investors eyed the outcome of the Senate runoff elections in the battleground state of Georgia, which will determine the balance of power in Washington - Dow added +168-points or +0.55%, with Boeing Co (up +4.5%) the leading index performer. The broader S&P500 rose +0.71%, with the Energy sector (up +4.53%) logging its best single session advance since 4 December and leading ten of the eleven primary sectors higher. Chevron Corp gained +2.7% and Exxon Mobil Corp +4.82%. Real Estate (down -0.08%) was the only primary sector to settle in the red. Tiffany & Co announced after the closing bell that its holiday net sales reached a record high, up 2% thanks in large part to sales in China and online transactions. Costco Wholesale Corp lost -1.16% ahead reporting its December 2020 sales and revenue figures tonight AEST. The Nasdaq gained +0.95%. The small capitalisation Russell 2000 index gained +1.71%.
US equity markets firmer albeit losing some momentum in the final hour of trading, with all three benchmark indices touching fresh record intra-day highs - Dow settled +86-points or +0.29% higher, having been up over >200-points earlier in the session and logging a record intra-day high (30,110.88). Boeing Co gained +5.96%. The broader S&P500 dipped -0.06% after touching a fresh record intra-day peak (3,682.73) earlier in the session. Energy (up +1.07%) was again atop the primary sector leaderboard. Utilities (down -1.10%) was the worst performing primary sector. Costco Wholesale Corp fell -1.6% even though the company reported that November comparable sales rose 13.4% year over year, beating estimates of 13%.The Nasdaq added +0.23% to a fresh record closing high (12,377.18) and carving out a record intra-day high (12,439.02) earlier in the session. Tesla Inc rallied +4.32% after Goldman Sachs upgraded the stock to “buy” in the run-up to the electric car maker's addition to the S&P 500 index. The investment bank said that it sees more than >30% upside ahead for the stock based on forecasts for a faster-than-expected shift to electric vehicles.
US equity markets firmer albeit losing some momentum in the final hour of trading, with all three benchmark indices touching fresh record intra-day highs - Dow settled +86-points or +0.29% higher, having been up over >200-points earlier in the session and logging a record intra-day high (30,110.88). Boeing Co gained +5.96%. The broader S&P500 dipped -0.06% after touching a fresh record intra-day peak (3,682.73) earlier in the session. Energy (up +1.07%) was again atop the primary sector leaderboard. Utilities (down -1.10%) was the worst performing primary sector. Costco Wholesale Corp fell -1.6% even though the company reported that November comparable sales rose 13.4% year over year, beating estimates of 13%.The Nasdaq added +0.23% to a fresh record closing high (12,377.18) and carving out a record intra-day high (12,439.02) earlier in the session. Tesla Inc rallied +4.32% after Goldman Sachs upgraded the stock to “buy” in the run-up to the electric car maker’s addition to the S&P 500 index. The investment bank said that it sees more than >30% upside ahead for the stock based on forecasts for a faster-than-expected shift to electric vehicles.
More positive news on the coronavirus front lifted US equity markets to fresh records - Dow rallied +471-points or +1.6% to 29,950.44, logging both record intra-day (29,559.25) and closing highs. Boeing Co (up +8.17%) and Chevron Corp (+7.14%) were the leading index performers. It was the first all-time high for the Dow since February and the latest climb marked the fastest rebound from a bear-market low for the benchmark in about three decades, according to Dow Jones Market Data. The Dow closed above its 12 February closing high of 29,551.51 and at 193 trading days, it is the fastest bounce-back from a fall of at least 20% from a recent peak - a widely accepted definition of a bear market - since April 17, 1991. The broader S&P500 +1.16% to 3,6262.91 and a fresh record closing high. Energy (up +6.5%) was comfortably the strongest sector, leading nine of the eleven primary sectors higher. Healthcare (down -0.19%) was the only primary sector to close in the red. Costco Wholesale Corp rose +1.61% in the extended session after the company declared a US$10 per share special dividend. The technology-centric Nasdaq rose +0.80%. Thus far, the Dow has climbed +60.5% since its 23 March bear-market nadir, the S&P 500 index has gained nearly +62%, while the Nasdaq Composite has soared over >73% over the same period. The small capitalisation Russell 2000 index continued to outperform with a +2.37% rally and fresh record closing high (1,785.34). It was the first time that the Dow, S&P 500 and Russell 2000 each set new closing records on the same day since 22 January, 2018, according to Dow Jones Market Data. In merger and acquisition (M&A) news, Home Depot Inc said that it has agreed to acquire the remaining shares of HD Supply Holdings Inc - a distributor of maintenance, repair and operations (MRO) products for the multi-family and hospitality markets - at US$56 per share, in a deal valued at about US$8B.
US equity markets rallied strongly but closed off their best levels of the session as the predicted Democratic ‘Blue Wave’ failed to materialize albeit the presidential election race remains extremely tight - Dow +368-points or +1.34%, having been up over >800-points at its best levels of the session. The broader S&P500 +2.20%, paring an earlier rally of as much as +3.5%. The S&P Healthcare index (up +4.45%) jumped to a record high Pfizer Inc (up +3.15%), Merck & Co (+4.81%) and Johnson & Johnson (+0.65%) climbed as the potentially split Congress was likely to shield the industry from sweeping reform. Communication Services (up +4.25%), Information Technology (+3.83%), and Consumer Discretionary (+3.14%) were the other notable sector performers. Materials (down -1.65%), Utilities (-1.59%) and Financials (-1.27%) were the key laggards. Costco Wholesale Corp edged +0.33% higher in after-hours trading after reporting that its net sales for October rose +15.9% to $13.82B from US$11.92B in October 2019. Same-store sales in the U.S. rose +13.6%, and total same-store sales, which includes overseas locations, rose +14.4% The technology-centric Nasdaq jumped +3.85%, with big gains for Facebook Inc up +8.32%, Google parent Alphabet Inc +6.09%, Amazon.com Inc +6.32% and Apple Inc +4.08%. The S&P and Nasdaq posted their best post-election gains on record.
US equity markets rallied strongly but closed off their best levels of the session as the predicted Democratic ‘Blue Wave' failed to materialize albeit the presidential election race remains extremely tight - Dow +368-points or +1.34%, having been up over >800-points at its best levels of the session. The broader S&P500 +2.20%, paring an earlier rally of as much as +3.5%. The S&P Healthcare index (up +4.45%) jumped to a record high Pfizer Inc (up +3.15%), Merck & Co (+4.81%) and Johnson & Johnson (+0.65%) climbed as the potentially split Congress was likely to shield the industry from sweeping reform. Communication Services (up +4.25%), Information Technology (+3.83%), and Consumer Discretionary (+3.14%) were the other notable sector performers. Materials (down -1.65%), Utilities (-1.59%) and Financials (-1.27%) were the key laggards. Costco Wholesale Corp edged +0.33% higher in after-hours trading after reporting that its net sales for October rose +15.9% to $13.82B from US$11.92B in October 2019. Same-store sales in the U.S. rose +13.6%, and total same-store sales, which includes overseas locations, rose +14.4% The technology-centric Nasdaq jumped +3.85%, with big gains for Facebook Inc up +8.32%, Google parent Alphabet Inc +6.09%, Amazon.com Inc +6.32% and Apple Inc +4.08%. The S&P and Nasdaq posted their best post-election gains on record.
Every Wednesday Kevin Matthews II from Building Bread and I talk about all the major news from the past week for Wall Street. This episode we cover: Nike beats earning expectations Roku lands deal with NBC's Peacock channel Costco Wholesale Corp brings in another strong financial quarter
Tuesday (it feels like Monday), the DOW was down Friday but the employment news was very good. The number of jobs were up and the unemployment rate was down. Retail is coming back to life (article attached). Quote from the article: "Stores, gasoline stations, auto dealers and other retailers added a seasonally adjusted 249,000 jobs in August, the Labor Department said Friday. Almost half the growth occurred at general-merchandise stores, a category that includes large employers such as Walmart Inc. and Costco Wholesale Corp. Vendors of electronics, appliances, furniture and garden supplies were among those that added jobs last month."And wages are rising (second article). It's hard to believe wages are rising with unemployment this high but there are other factors at work. We may be seeing a major demographic shift according to an article in the WSJ parents are quiting work to stay home and educate their children. This could be the largest work place shift since the 60's, 70's, and 80's when women joined the workforce.Gas at $1.73???
US equity markets rallied, with both the Dow and S&P500 logging a fourth straight day of gains investors continued to eye developments in Congress around a fresh coronavirus aid package and digested the latest earnings releases - Dow rallied +373-points or +1.39%, it largest daily percentage increase since 14 July. The Walt Disney Co rallied +8.8% following the release of their fiscal third quarter result after the closing bell of the previous session. Johnson & Johnson rose +0.8% after the company said it will receive more than US$1B from the U.S. government to manufacture 100M doses of its investigational COVID-19 vaccine. Boeing Co gained +5.58%, with Chief Financial Officer Greg Smith saying that the company does not see the need to add to liquidity through additional debt offerings to manage the downturn in global aviation caused by the COVID-19 pandemic. The broader S&P500 gained +0.64% . Bristol-Myers Squibb Co gained +4.88% in the extended session after receiving a positive federal court judgement around a patent infringement for a blood thinner Eliquis. Costco Wholesale Corp rose +1.84% in after-hours trading that July sales rose +14% to US$13.04B, from US$11.43B in July 2019. Same-store sales rose 13.2%, including a 13.3% increase in U.S. same-store sales. E-commerce sales increased 75.3%, the company said. Airline stocks rose broadly after Senate Republicans said they supported an additional US$25B in federal aid for the industry. United Airlines Holdings closed +4.46% higher , Delta Air Lines Inc +3.12% and American Airlines Group Inc +9.5%. The NASDAQ gained +0.53% (to 10,998.40) and logging its 31st record closing high of 2020 and touching a fresh record intra-day peak of 11,002.11. Apple Inc rose +0.36%, shrugging off a downgrade by analysts at Bank of America. In merger and acquisition (M&A) news, Teladoc Health Inc (down -19.01%) and Livongo Health Inc (-11.4%) announced they have agreed to merge in a deal valued at $18.5 billion to create a company that can serve a spectrum of health needs, using virtual care.
US equity markets rallied, lifting the S&P500 into fresh technical bull market territory - Dow up +780-points or +3.44%. Caterpillar Inc rose +4.5% after the company said that it has decided to maintain its quarterly dividend of US$1.03 per share, with the next dividend payable 20 May to shareholders recorded on the register on 20 April. Walt Disney Co said paid subscriptions to its Disney+ streaming service, which launched in November last year, soared past 50M. Disney+ was rolled out in eight Western European countries including the UK, Ireland, France, Germany, Italy, Spain, Austria, and Switzerland in the past two weeks. The broader S&P500 gained +3.41% to 2,749.98, with the latest rally lifting the index more than >20% above its 23 March closing low (2,237.40). Real Estate (up+7.41%), Energy (+6.73%) and Utilities (+5.41%) led all eleven primary sectors higher. General Motors Co rose +8.6% after confirming it had secured an US$489.4M contract to produce 30,000 ventilators for the Strategic National Stockpile by the end of August. Starbucks Corp fell -2.07% in extended trading (having gained +4.16% in the regular session) said that second-quarter earnings will be cut roughly in half from a year ago due to the spread of COVID-19 in China and the US. Starbucks revealed that it expects adjusted earnings of US$0.28c to US$0.32c per share for the second quarter, down from US$60c per share in the second quarter of 2019. The company also rescinded its annual guidance. Costco Wholesale Corp fell -2.28% in extended trading after reporting that its March net sales rose nearly 12% (to US$15.49B from US$13.87B in March 2019), including a 48% jump in online sales. Combined, store sales in the U.S., Canada and other countries where Costco has a presence were up +9.6%. FedEx Corp (up +8.27%) and United Parcel Service Inc (+6.33%)rose after The Wall Street Journal reported that Amazon.com Inc (+1.56%) was halting its competing Amazon Shipping delivery service. The NASDAQ gained +2.58%. Bernie Sanders dropped out of the presidential race overnight, pushing Joe Biden a step closer to the Democratic nomination. A reminder that US equity and bond markets are closed on Friday night AEST (10 April) for Good Friday.
Supermarket News’ annual Top 75 Retailers report has just come out, and in our latest SN Off the Shelf podcast, Senior Editor Russell Redman and Data Content Director Alan Liddle joined me for a discussion of the numbers and trends we found this year. The Top 75 takes an annual look at the consumables sales and store counts of 75 of the largest supermarket and non-traditional retailers and wholesalers in the United States and Canada. Below, we offer a sampling of this year’s report with a look at the top 10 companies by sales on this year’s list: 1. Walmart Inc. $277.22 billion 2. The Kroger Co. $117.42 billion 3. Costco Wholesale Corp. $75.92 billion 4. Albertsons $61.34 billion 5. Ahold Delhaize $44.84 billion 6. Amazon.com $42.22 billion 7. Publix Super Markets $38.11 billion 8. Loblaw Cos. Ltd. $35.46 billion 9. Target Corp. $33.76 billion 10. C&S Wholesale Grocers $32.71 billion
US equity markets rallied, lifting the S&P500 into fresh technical bull market territory - Dow up +780-points or +3.44%. Caterpillar Inc rose +4.5% after the company said that it has decided to maintain its quarterly dividend of US$1.03 per share, with the next dividend payable 20 May to shareholders recorded on the register on 20 April. Walt Disney Co said paid subscriptions to its Disney+ streaming service, which launched in November last year, soared past 50M. Disney+ was rolled out in eight Western European countries including the UK, Ireland, France, Germany, Italy, Spain, Austria, and Switzerland in the past two weeks. The broader S&P500 gained +3.41% to 2,749.98, with the latest rally lifting the index more than >20% above its 23 March closing low (2,237.40). Real Estate (up+7.41%), Energy (+6.73%) and Utilities (+5.41%) led all eleven primary sectors higher. General Motors Co rose +8.6% after confirming it had secured an US$489.4M contract to produce 30,000 ventilators for the Strategic National Stockpile by the end of August. Starbucks Corp fell -2.07% in extended trading (having gained +4.16% in the regular session) said that second-quarter earnings will be cut roughly in half from a year ago due to the spread of COVID-19 in China and the US. Starbucks revealed that it expects adjusted earnings of US$0.28c to US$0.32c per share for the second quarter, down from US$60c per share in the second quarter of 2019. The company also rescinded its annual guidance. Costco Wholesale Corp fell -2.28% in extended trading after reporting that its March net sales rose nearly 12% (to US$15.49B from US$13.87B in March 2019), including a 48% jump in online sales. Combined, store sales in the U.S., Canada and other countries where Costco has a presence were up +9.6%. FedEx Corp (up +8.27%) and United Parcel Service Inc (+6.33%)rose after The Wall Street Journal reported that Amazon.com Inc (+1.56%) was halting its competing Amazon Shipping delivery service. The NASDAQ gained +2.58%. Bernie Sanders dropped out of the presidential race overnight, pushing Joe Biden a step closer to the Democratic nomination. A reminder that US equity and bond markets are closed on Friday night AEST (10 April) for Good Friday.
Heart-throb Josh Duhamel Guests Actor and hubby of Fergie (Black Eyed Peas), Josh Duhamel has a thing for dogs! He's teamed up with PetSmart Charities to promote their 5 millionth adoption. He changed his way of thinking when he met "Meatloaf," a dog that was named that because it resembled one. Listen Now Half Cat – Half Machine! A Dutch artist is honoring his departed feline friend by creating a "half cat, half machine." Bart Jansen turned the taxidermied remains of his pet Orville into a working radio-controlled helicopter. Jansen explains that Orville was named after iconic aviator Orville Wright, so taking him airborne seemed like a fitting tribute. Jansen says Orville will be "flying with the birds" once he gets larger propellers and more powerful engines on his birthday. Listen Now First Recalls, Then Lawsuits Following an ever-increasing list of Salmonella-related recalls, Diamond Pet Foods faces what may be the first lawsuit filed in connection with the illness. Pritzker Olsen, a national law firm specializing in food safety, filed the suit last week against Diamond Pet Food Processors and Costco Wholesale Corp. in U.S. District Court in New Jersey. According to the firm's website, the suit was filed on behalf of the father of an infant who was sickened by a rare strain of salmonella infants and hospitalized for three days. Listen Now "Click It Or Ticket" Applies To Pets Too New Jersey is cracking down on pets in transit - and says "click it or ticket" now applies to cats and dogs, too. The SPCA and Motor Vehicle Commision teamed up at a public education event in the Garden State to talk about the dangers of transporting animals without proper restraint. New Jersey is the only state where driving with pets loose in the car is a violation of animal cruelty law. Drivers cited for failing to properly secure their pet, can face a ticket of between $250 and $1,000 and as much as six months in jail. Listen Now Read more about this week's show.
A discerning reviewer discusses their seven best socially responsible and ESG fund picks. Two experts give conflicting recommendations on robo advisors for ethical and sustainable investors. Know the top ten stocks in ESG fund portfolios. Replacing old wind turbines with new ones leads to increasing profits and potential dividends for three renewable energy operators. More PODCAST: Top ESG Funds, Stocks, Robo Advisors and More… Transcript & Links November 8, 2019 Hello, Ron Robins here. Welcome to my podcast Ethical & Sustainable Investing News to Profit By! for November 8, 2019—presented by Investing for the Soul. investingforthesoul.com is your site for vital global ethical and sustainable investing news, commentary, information, and resources. And, Google any terms that are unfamiliar to you. Also, you can find a full transcript, live links to content, and often bonus material to these podcasts at their episodes’ podcast page located at investingforthesoul.com/podcasts. Now to this podcast! ------------------------------------------------------------- This episode! 1. 7 Best US Socially Responsible Mutual Funds 2. Best Robo Advisors for Socially Responsible & ESG Investors 3. Fund Managers’ Favorite ESG Stocks 4. 1 Renewable-Energy Growth Story That Dividend Investors Won't Want to Overlook 5. 3 Clean Energy ETFs for a Brighter Future ------------------------------------------------------------- 1. 7 Best US Socially Responsible Mutual Funds For US investors Barbara (Freedberg) Friedberg writes about her 7 Best Socially Responsible Mutual Funds. Now her seven picks are: 1) Vanguard FTSE Social Index Fund Admiral Shares (ticker: VFTAX) She says about this fund that “With nearly 500 companies, financials, health care, technology, industrials and consumer services are the most highly represented sectors… [It has] a 0.14% expense ratio... [and] this green mutual fund offers a 1.6% yield. The 21.1% year-to-date return is higher than the category performance.” End quote. 2) Parnassus Endeavor Fund (PARWX) Quoting her, she writes, “[The] Parnassus Endeavor Fund seeks out companies with excellent workplace environments and avoids fossil fuel investments… Year-to-date returns of 21.2%.” End quote 3) Pax Elevate Global Women's Leadership Fund (PXWIX) About this fund, Ms. Friedberg says, “Research indicates that companies with greater numbers of women in leadership roles have better performance across multiple factors, says Daniel Kern, chief investment officer of TFC Financial Management in Boston... The fund sports a reasonable expense ratio of 0.56% and a 1.9% dividend yield.” End quote. 4) Calvert Bond Fund (CSIBX) About which she writes, “Top holdings include U.S. Treasury notes and bonds as well as issues from Freddie Mac, Avis Budget Rental Car (CAR), Citigroup (C) and International Finance Corporation. Launched in 1987, the fund has an 8.2% percent year-to-date return.” End quote. 5) Calvert International Opportunities Fund (CIOAX) Ms. Friedberg comments on this fund that, “[It] holds fewer companies exposed to fossil fuels, carbon emissions, and tobacco than do the companies included in the MSCI EAFE Small- and Mid-Cap Index. The fund enjoys an 11.4% year-to-date return. The expense ratio is a hefty 1.35% but with a 1.32% yield.” End quote. 6) Fidelity U.S. Sustainability Index Fund (FITLX) Concerning this fund, Ms. Friedberg says, “[It] targets large- to mid-capitalization U.S. companies with high ESG scores… The fund has a 1.1% yield and a rock-bottom expense ratio of 0.11%. The 21% year-to-date return slams the 18.9% category average.” End quote. And finally, 7) Ave Maria Bond Fund (AVEFX) Quoting Ms. Friedberg on this fund she writes, “Winner of the 2019 Lipper Fund Award for the best of 42 A-rated corporate bond funds, the Ave Maria family is the largest [US] Catholic mutual fund family... The year-to-date return is 6.5% with a moderate expense ratio of 0.5%. The current yield is 1.8%, lower than many corporate bond funds, likely due to the inclusion of stocks within the portfolio.” End quote. ------------------------------------------------------------- 2. Best Robo Advisors for Socially Responsible & ESG Investors Now, I'm going to cover a piece about robo advisors, Though reference will be to US robo advisors, a few of these advisors might be operational in other countries too. Well it seems that not everyone can agree on the best robo advisors though some recommendations do overlap! On my September 27, 2019, podcast, Investopedia recommended: M1 Finance Read review Motif Investing Read review Interactive Advisors Read review Personal Capital Read Review Now, in this article by Barbara Friedberg, titled, 5 Best Robo Advisors for Managing ESG Funds, recommends: M1 Finance. Betterment. EarthFolio. Wealthsimple. Motif Impact Portfolios. For robo advisor descriptions, go to the article’s link on this edition’s podcast page. This is the second article by Ms. Friedberg I’ve covered in this podcast. She’s obviously performing excellent work for the ethical and sustainable investing community! ------------------------------------------------------------- 3. Fund Managers’ Favorite ESG Stocks So, in this podcast, we’ve so far covered the best ethical and sustainable investing funds and robo advisors. Now, let’s talk a little about the best ethical and sustainable investing stocks! Brendon Coffey in a Forbes post titled, Here Are Fund Managers’ Favorite ESG Stocks, can help us in this regard. He also explains in his post how he went about this research. Here are the top ten stocks he found in the funds: Microsoft (MSFT), The Walt Disney Co (DIS), Alphabet Inc. (GOOGL & GOOG), Danaher Corp, (DRH), Mastercard (MA), Verisk Analytics Inc, (VRSK), Linde PLC (LIN.L), American Express Co. (AXP), and Costco Wholesale Corp, (COST). His post is replete with a discussion about the pros and cons of many companies held by these funds. So, his post is well worth a read. ------------------------------------------------------------- 4. 1 Renewable-Energy Growth Story That Dividend Investors Won't Want to Overlook If you’re looking for dividends and yield possibilities in renewable energy companies you should read Matthew DiLallo’s Motley Fool article titled, 1 Renewable-Energy Growth Story That Dividend Investors Won't Want to Overlook. The growth story he says is that “With today's larger wind turbines able to generate more power, wind farm operators are increasingly looking to repower legacy locations. It also certainly helps that they can earn high returns on investment with these projects, which will allow them… to increase their dividends. That's why income-focused investors won't want to overlook this key trend.” End quote. Here’s what he says about three leading companies engaged in this sector. He first writes about TerraForm Power (NASDAQ:TERP), Mr. DiLallo says that “TerraForm Power currently has three repowering projects under development… The company would replace turbines built about a decade ago with newer ones that have larger rotors, enabling them to produce 25% to 30% more power than the existing ones… [He adds] the company could increase its payout toward the higher end of its 5% to 8% annual target range through 2022 thanks to these wind repowering projects.” End quote. His second pick is NextEra Energy Partners (NYSE:NEP). About this company he writes, “NextEra Energy Partners also has some wind repowering projects under way… These investments will generate more than a 10% return on investment, helping grow the cash flow… and increases NextEra Energy Partners' ability to grow its dividend toward the high end of its 12% to 15% annual range through 2024.” End quote. His final choice is Pattern Energy (NASDAQ:PEGI), which he says is “is working on a project to repower its Gulf Wind facility… The project is an essential piece of the company's strategy to reduce its dividend payout ratio from 99% last year to a more comfortable 80% by the end of 2020. Once it achieves that targeted level, it could start growing its dividend once again.” End quote. ------------------------------------------------------------- 5. 3 Clean Energy ETFs for a Brighter Future Now Todd Shriber has written a post titled, 3 Clean Energy ETFs for a Brighter Future on the InvestorPlace site. He says that I quote, “These clean energy ETFs have been winners this year and will keep that bullishness going in 2020.” End quote. First, of the three ETFs, Mr. Shriber writes about is iShares Global Clean Energy ETF (NASDAQ:ICLN). About this ETF he says, “[It] is one of the oldest and largest green energy ETFs. In fact, iShares Global Clean Energy ETF, which debuted in mid-2008, has $376.2 million in assets under management, making it the second-largest green energy ETF overall.” End quote. The second ETF is the ALPS Clean Energy ETF (CBOE:ACES). About it he says, “[It’s] about 16 months old, making it one of the newer members of the green energy ETF competition, but the fund has been a stud since coming to market. This year’s gain of more than 22% proves as much.” End quote. The third pick is the Global X YieldCo & Renewable Energy Income ETF (NASDAQ:YLCO) which he says, “has a trailing 12-month dividend yield of 3.46%.” adding that, “These days, that’s sturdy regardless of asset class.” And then remarks that “The dividend buffer keeps Global X YieldCo & Renewable Energy Income ETF’s volatility low relative to standard green energy ETFs… However, that hasn’t weighed on performance as the fund is higher by more than 11% year-to-date.” End quote. ------------------------------------------------------------- So, these are my top news stories and tips for ethical and sustainable investors over the past two weeks. Again, to get all the links or to read the transcript of this podcast and sometimes get additional information too, please go to investingforthesoul.com/podcasts and scroll down to this episode. And be sure to click the like and subscribe buttons in iTunes/Apple Podcasts or wherever you download or listen to this podcast and please click the share buttons to share this podcast with your friends and family. That way you can help promote not only this podcast but ethical and sustainable investing globally and help create a better world for us all. Please don’t hesitate to contact me if you have any questions about the content of this podcast or anything else related. Now, a big thank you for listening. Come again! And my next podcast is scheduled for November 22. See you then. Bye for now. © 2019 Ron Robins, Investing for the Soul.
Have you ever wondered why Dunkin’ Donuts gives you so many damn bags? Kaz does. The guys are still loving their new watches but Kaz gets in a super cool Janis Trading Co. Azores watch that he shares his thoughts on. Also, did you know that you can mail bees via USPS?! WTF.. The snobs talk about grey market vs. authorized dealers and boutiques. They share some great experiences, some bad experiences, and break down what you should really be looking for in a great grey market dealer. Finally, Kaz and Mike reach out to the community again to hear about ways that you’d like to help support the Two Broke Watch Snobs site and podcast. Show Notes Bulova Moon Watch: https://www.bulova.com/products/96b251 Janis Trading Co. Azores: http://www.janistrading.com/azores-vanilla/ Chemex: http://www.chemexcoffeemaker.com/ Orion 1: http://wornandwound.com/review/hands-orion-1-nick-harris/ Jomashop: http://www.jomashop.com/ ShoppinginJapan: http://www.shoppinginjapan.net/ DavidSW: https://davidsw.com/ Omega S.A. v. Costco Wholesale Corp.: https://en.wikipedia.org/wiki/Omega_S.A._v._Costco_Wholesale_Corp Shipping Bees: http://pe.usps.com/text/pub52/pub52c5_008.htm
Heart-throb Josh Duhamel Guests Actor and hubby of Fergie (Black Eyed Peas), Josh Duhamel has a thing for dogs! He's teamed up with PetSmart Charities to promote their 5 millionth adoption. He changed his way of thinking when he met "Meatloaf," a dog that was named that because it resembled one. Half Cat – Half Machine! A Dutch artist is honoring his departed feline friend by creating a "half cat, half machine." Bart Jansen turned the taxidermied remains of his pet Orville into a working radio-controlled helicopter. Jansen explains that Orville was named after iconic aviator Orville Wright, so taking him airborne seemed like a fitting tribute. Jansen says Orville will be "flying with the birds" once he gets larger propellers and more powerful engines on his birthday. First Recalls, Then Lawsuits Following an ever-increasing list of Salmonella-related recalls, Diamond Pet Foods faces what may be the first lawsuit filed in connection with the illness. Pritzker Olsen, a national law firm specializing in food safety, filed the suit last week against Diamond Pet Food Processors and Costco Wholesale Corp. in U.S. District Court in New Jersey. According to the firm's website, the suit was filed on behalf of the father of an infant who was sickened by a rare strain of salmonella infants and hospitalized for three days. "Click It Or Ticket" Applies To Pets Too New Jersey is cracking down on pets in transit - and says "click it or ticket" now applies to cats and dogs, too. The SPCA and Motor Vehicle Commision teamed up at a public education event in the Garden State to talk about the dangers of transporting animals without proper restraint. New Jersey is the only state where driving with pets loose in the car is a violation of animal cruelty law. Drivers cited for failing to properly secure their pet, can face a ticket of between $250 and $1,000 and as much as six months in jail. More this week
Costco Wholesale Corp. v. Omega S.A. | 11/08/10 | Docket #: 08-1423