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25 мая, 23:41

Фондовый рынок США закрылся ростом

Американский фондовый рынок закрылся ростом, об этом свидетельствуют данные торгов. Индекс Dow Jones поднялся на 0,34% и составил 21,082.95 пункта. Индекс S & amp;P 500 вырос на 0,44%, до 2,415.07 пункта. Индекс электронной биржи NASDAQ ...

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25 мая, 20:45

Facebook предоставила издателям решение для интеграции Instant Articles, Apple News и Google AMP

Компания Facebook представила решение для разработчиков, которое позволит издателям упростить публикацию материалов в сервисе Instant Articles, AMP от Google и Apple News. Об этом пишет TechCrunch.

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25 мая, 16:50

Фондовый рынок США открылся ростом

Американский фондовый рынок открылся ростом, об этом свидетельствуют данные торгов. Индекс Dow Jones поднялся на 0,27% и составил 21 069,25 пункта. Индекс S & amp;P 500 вырос на 0,18%, до 2408,77 пункта. Индекс электронной биржи NASDAQ ...

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25 мая, 16:00

Eaton Vance (EV) Stock Up 4.2% on Q2 Earnings & Revenue Beat

Shares of Eaton Vance (EV) jumped 4.2% as its second-quarter fiscal 2017 (ended Apr 30) adjusted earnings of 62 cents per share outpaced the Zacks Consensus Estimate of 60 cents.

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25 мая, 13:00

Should a CEO’s Bonus Be Based on Financial Performance Alone?

On November 9, 2016, the shareholders of Australia’s largest company, and the world’s tenth-largest bank, revolted. The Commonwealth Bank’s shareholders were reacting to the board’s annual Remuneration Report, which contained a recommendation that the CEO be granted a bonus based on what critics saw as “soft” measures. Other firms have ventured down this path, including the conglomerate Wesfarmers, with its 200,000-plus staff, and the global hospital operator Ramsay Health Care. Should CEO performance be assessed only on “hard” measures? Should soft measures be part of a CEO’s scorecard? Is there a framework that might assist you to tackle the CEO appraisal task? CEO incentives have traditionally been evaluated against objective data — also labelled “hard.” Take, as an example, the world’s largest mining company by market capitalization, BHP Billiton. Its Remuneration Committee employs several key performance indicators (KPIs) to guide the compensation of senior executives. According to its annual report, those include financial metrics such as “attributable profit; underlying EBIT (earnings before interest and taxation); and total shareholder return (share price and dividends which are assumed to be reinvested).” What has emerged more recently is the use of nonfinancial, but still objective, KPIs. In BHP’s case, these are total recorded injury frequency and greenhouse gas emissions. Corporations are now taking a further step beyond objective metrics, which can be financial and nonfinancial, to include subjective measures — tagged as “soft.” In 2012 the Commonwealth Bank restructured its evaluation system so that 75% of CEO incentives came from the bank’s total shareholder return (TSR), relative to a set peer group, and 25% from customer-satisfaction results, benchmarked against another peer group. When this award structure reached the end of its four-year performance period, on June 30, 2016, in response to the ethical scandals within the bank’s life insurance arm, the bank’s board took yet another step to include even more subjective measures. Specifically, to help modify the bank’s culture to match its stated values, the Remuneration Committee and Board recommended a change to the reward split: TSR 50%, customer satisfaction 25%, and people and community 25%. The latter was concerned with “measuring long-term progress in the areas of diversity and inclusion, sustainability, and culture.” Now a full 50% of the assessment was subjective. This proved to be a step too far for some shareholders, precipitating their revolt in November 2016. Boards around the world find themselves in a bind. For the last 20 years they’ve gone down a path forged largely by U.S. corporations and global remuneration consultants. They now find themselves dissatisfied with the result, recognizing that they can’t simply rely on financial measures in assessing corporate performance and in distributing rewards to CEOs and senior executives. But they don’t really know what to do instead. As a consequence, companies are firing off ad hoc responses rather than approaching performance measurement in a comprehensive way. The Commonwealth Bank appeared to shareholders as simply putting out a fire. “Well-intentioned but not well designed” was how Ian Silk, the CEO of Australia’s biggest industry superannuation fund, AustralianSuper, assessed the bank’s attempt. The future of corporate reporting lies in an integrated approach. Here’s the framework I employ with boards and CEOs. I recommend using it in developing a corporate performance scorecard. It produces both objective and subjective measures: Recognize, as company law dictates, that a board’s primary responsibility is to look after the best interests of the company — not only those of shareholders. Develop a corporate scorecard focused on the relationships that the company has with its stakeholders, including customers, employees, shareholders, and suppliers. Acknowledge that the relationship between company and stakeholder is a two-way street. Develop measures on both sides recognizing that measuring performance is measuring relationships and that shareholder returns are driven by effective relationships with other stakeholders. Appreciate that those much-sought-after leading indicators are often those soft, subjective measures. Implement a short list of KPIs recognizing the cause-and-effect relationship between soft and hard measures. A recent study by AMP Capital observed that “incentives linked solely to financial metrics risk fuelling negative culture and conduct.” As a result, it noted: “Companies are increasingly focussing on setting non-financial targets alongside financial targets.” The Commonwealth Bank is one among many firms around the globe that is forging new ground. You might expect that the board, under its new chair’s leadership and following the kerfuffle, would back away from the issue. It has no intention of doing so. Instead, indications are that it will provide shareholders with additional context and logic on the thorny issue of soft measures as part of CEO assessment. That points to an additional step that firms can take: proactively preparing their shareholders to accept a different way of doing business.

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25 мая, 10:32

Why Is Ameriprise (AMP) Down 6% Since the Last Earnings Report?

Ameriprise (AMP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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25 мая, 02:19

Концентрация на выживании // НПФ ждут агрессивного привлечения и активности в M&A

На фоне ужесточения конкуренции за привлечение клиентов и регуляторных требований к риск-менеджменту основным трендом на рынке негосударственного пенсионного обеспечения будет сделки слияния и поглощения (M&A) и выход из игры небольших игроков, а также активный поиск нового источника поступления средств в систему. Ключевую ставку отрасль делает на индивидуальный пенсионный капитал (ИПК), впрочем, массовость участия граждан в его формировании будет зависеть от преференций, предоставленных властями.

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24 мая, 23:57

Фондовый рынок США закрылся ростом

Американский фондовый рынок закрылся ростом, об этом свидетельствуют данные торгов. Индекс Dow Jones поднялся на 0,36% и составил 21,012.42 пункта. Индекс S & amp;P 500 вырос на 0,25%, до 2,404.39 пункта. Индекс электронной биржи NASDAQ ...

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24 мая, 17:23

Фондовый рынок США открылся ростом

Американский фондовый рынок открылся ростом, об этом свидетельствуют данные торгов. Индекс Dow Jones поднялся на 0,04% и составил 20 945,92 пункта. Индекс S & amp;P 500 вырос на 0,06%, до 2399,75 пункта. Индекс электронной биржи NASDAQ ...

24 мая, 17:20

Аналитики Platts ожидают сокращения коммерческих запасов нефти в США по итогам прошлой недели, отчёт API указал на снижение запасов

Москва, 24 мая. /МФД-ИнфоЦентр, MFD.RU/Сегодня в 17:30 мск Управление по энергетической информации (EIA) Минэнерго США опубликует отчёт с данными об изменении запасов нефти и нефтепродуктов в США за неделю, окончившуюся 19 мая. Согласно прогнозу аналитиков, опрошенных агентством S&P Global Platt...

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24 мая, 15:38

Чистая прибыль Tiffany выросла на 6% в первом квартале

Чистая прибыль ювелирной компании Tiffany & amp; Co выросла на 6,1% в первом квартале по сравнению с аналогичным периодом прошлого года и составила $92,9 млн. Об этом сообщает RNS. Чистые продажи Tiffany показали рост на 0,9%, до $899,6 ...

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24 мая, 00:23

Trump’s budget surprises and wishful thinking

President Donald Trump’s $4.1 trillion budget breaks with Republican orthodoxy on domestic programs, funds programs he threatened to cut, increases spending where he called for less, and cuts parts of government he promised not to touch. Much like his approach to managing the presidency, Trump’s debut budget has proven to be unpredictable, controversial and confusing – even to budget experts across Washington. Here’s POLITICO’s look at the contradictions and unrealistic projections spattered throughout the lengthy budget proposal: Contradicting himself Trump’s proposing to cut some of the very same government programs he’s also promised to expand. Case in point: Trump has proposed shoring up the nation’s crumbling infrastructure, but his budget calls for cuts to Department of Transportation programs, requesting about $76 billion compared to with DOT’s current appropriation of more than $77 billion. The document reiterates the administration’s calls for eliminating a popular grant program for state and local transportation projects. And it recommends cutting the U.S. Army Corps of Engineers’ construction account by more than 50 percent, leaving the nation’s builder of locks, dams, levees and ports with about $1 billion to do that work.The budget also proposes to cut IRS funding by about 2 percent, despite Trump’s insistence on reforming the tax code this year — a process expected to be initially time consuming and costly as the tax-collecting agency adjusts to new mandates. And Trump’s proposal calls for slashing funding for career and technical education by more than $1 billion despite the president’s vow to “start it up big league” for vocational education. .story_block { margin: 0 0 50px 0; max-width:635px;}.story_block .title h3{ margin: 10px 0 5px 0; font-size: 1.6em; line-height: 1.1em; font-weight: 700; font-family: "proxima-nova","Helvetica Neue",Helvetica,Arial,sans-serif;}.story_block figure{ padding: 5px auto -5px; max-width: 635px;}.story_block figure img{ max-width: 635px;}.story_block p{ font-family: "ff-tisa-web-pro",Georgia,Times,"Times New Roman",serif; font-size: 1.123em; line-height: 1.5em; margin: 0 0 1.3em 0;}.story_block figure figcaption{ font-family: "proxima-nova","Helvetica Neue",Helvetica,Arial,sans-serif; color: #999; line-height: 1.2em; padding: 5px; text-align: left;}.story-interrupt.pos-alpha.predetermined { display: none;[email protected](max-width: 60.25em){ .story-interrupt.pos-alpha.predetermined { display: inline;}} Never mind about those cuts Trump has backed off some of the cuts he proposed in the preliminary “skinny budget” in March, agreeing not to kill popular programs like the Office of National Drug Control, which would retain roughly the same $370 million budget after the president initially called for a 95 percent reduction. The Minority Business Development Agency, which the White House once called “duplicative,” would also retain some funding — but just $6 million of its current $32 million budget. But many of the 62 agencies and programs Trump proposed to eliminate in his “skinny budget” would still be on the chopping block. The Low Income Home Energy Assistance Program, which helps poor families pay to heat their homes, would be zeroed out entirely. Programs like the Corporation for Public Broadcasting and the Tennessee Valley Authority would be wound down. The McGovern-Dole Food for Education Program, which helps provide school meals in the poorest countries, would be axed. And dozens of grants and loans — including those for specialty crops, energy technologies, refugee assistance and minority businesses — would be eliminated.The White House is also standing firm on its cuts to the National Institutes of Health, even after criticism from GOP lawmakers. The final budget would cut $6 billion from the agency, including $1 billion from cancer research. Spending more than promised Despite the emphasis on cost cutting, the White House is actually proposing to spend more on some of its major policy priorities, showing a willingness to sign off on direct spending for things like infrastructure investment and health care access for veterans. Over 10 years, the administration expects its plan for state-sponsored family leave to cost the federal government $19 billion. To raise ceilings for defense spending, the White House has estimated a cost of $469 billion over a decade. And the Trump administration projects winding down the Overseas Contingency Operations fund — a war account not subject to budget caps — would cost $593 billion over a decade. Pay raise cuts for troops Trump promised that the core of his budget would be “rebuilding the nation’s military,” but while there’s $54 billion in increased defense spending, he’d shave off $1.4 billion over a decade by lowering planned troop pay raises to 2.1 percent from 2.4 percent. Wildly optimistic economic growth Administration officials have proudly advertised the president’s budget as a plan to eliminate the deficit within 10 years. But that dream hinges on several ambitious assumptions that Congress will pass all of Trump’s priorities. The biggest sum would come from a “two-penny” plan to cut domestic spending by 2 percent each year, racking up a whopping $1.4 trillion in assumed savings in an already-thinning part of the federal budget.Then for a combined total of more than $1.6 trillion in extra cash for deficit reduction, Trump is banking on Congress taking action on dozens of reforms, including revamping the federal welfare apparatus, financial industry regulations, agriculture subsidies — and, of course, Obamacare. The administration is assuming $616 billion in savings over 10 years from changes to the Children’s Health Insurance Program alone. And Trump is counting just over $2 trillion by predicting the economy will double its growth rate.

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23 мая, 23:30

Фондовый рынок США закрылся ростом

Американский фондовый рынок закрылся ростом, об этом свидетельствуют данные торгов. Индекс Dow Jones поднялся на 0,21% и составил 20 937,91 пункта. Индекс S & amp;P 500 вырос на 0,18%, до 2398,42 пункта. Индекс электронной биржи NASDAQ ...

23 мая, 22:01

Минфин выбрал ВТБ для первого размещения евробондов в 2017 году

Минфин выбрал организаторами размещения евробондов в 2017 году "ВТБ Капитал", Газпромбанк и "Сбербанк КИБ"; первое размещение будет проводить "ВТБ Капитал", сообщает министерство. " & amp;hellip;Минфином ...

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23 мая, 16:39

Фондовый рынок США открылся ростом

Американский фондовый рынок открылся ростом, об этом свидетельствуют данные торгов. Индекс Dow Jones поднялся на 0,13% и составил 20 922,14 пункта. Индекс S & amp;P 500 вырос на 0,52%, до 2394,02 пункта. Индекс электронной биржи NASDAQ ...