Breana Noble The Detroit News Published 4:43 p.m. UTC Jul 19, 2018 Lower-than-expected same-store growth marked Domino's Pizza CEO Patrick Doyle's final months in leadership. For the second quarter of 2018, Domino's reported Thursday a profit of $77.4 million, up 17.7 percent from the same quarter in 2017. Although the Ann Arbor-based pizza chain saw growth in its domestic and foreign stores, performance missed Wall Street expectations, sending shares down nearly 3 percent Thursday. "As the momentum of our business grows, we continue to remain quite positive thanks to fundamentals and a steady proven quality," CEO Ritch Allison, who took over for Doyle on July 1, said during Thursday's earnings call. Domino's reported $1.78 earnings per share for the second quarter, up from 34.8 percent for the same quarter in 2017. According to Zacks Investment Research, that beat analysts' estimate of $1.74 per … [Read more...] about Domino’s Pizza misses Wall Street sales expectations in 2nd quarter
Wall street
Jeremy Gold — Wall Street actuary who sounded alarm over pension plans
By Mary Williams Walsh Published 8:25 pm PDT, Friday, July 13, 2018 Photo: Cole Wilson / New York Times Image 1of/1 CaptionClose Image 1 of 1 Jeremy Gold was an actuary who a quarter-century ago warned of pension miscalculations. Jeremy Gold was an actuary who a quarter-century ago warned of pension miscalculations. Photo: Cole Wilson / New York Times Jeremy Gold — Wall Street actuary who sounded alarm over pension plans 1 / 1 Back to Gallery Jeremy Gold, an actuary who more than 25 years ago warned of the financial debacles now slowly playing out among the cities and states that sponsor pension plans for their teachers, police officers, bus drivers and other workers, died July 6 in Manhattan. He was 75. The cause was myelodysplastic syndrome and leukemia, his son, Jonathan, said. In 1985, Gold became … [Read more...] about Jeremy Gold — Wall Street actuary who sounded alarm over pension plans
Wall Street Firm Makes Money from South Florida ICE Detention-Center Accused of Abuse
The Glades County Detention Center, which sits less than two hours northwest from Miami, is a county jail that also specializes in holding detainees for Immigration and Customs Enforcement. The facility is also allegedly a hotspot for all kinds of abuse and malfeasance. Back in 2015, the Glades County Sheriff's Office was tied to a money-laundering scandal that also involved the Bal Harbour Police Department. In the years since, guards at the jail have been accused of brutally pepper-spraying, beating, neglecting, and verbally harassing detainees.As it turns out, a Wall Street mutual fund is taking a cut from every single ICE detainee sent to the jail.According to a report yesterday from the nonprofit Vera Institute of Justice, Glades County built the jail in 2007 by selling bonds to outside investors. One of those investors was a New York City firm called OppenheimerFunds, which is itself a subsidiary of MassMututal, the multi-billion-dollar financial behemoth ranked number 76 on the … [Read more...] about Wall Street Firm Makes Money from South Florida ICE Detention-Center Accused of Abuse
Higher Asian markets mirror optimism on Wall Street
Annabelle Liang, Associated Press Updated 11:47 pm PDT, Monday, July 9, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Kin Cheung, AP Image 1of/3 CaptionClose Image 1 of 3 People walk past an electronic board showing the Hong Kong share index at a bank in Hong Kong, Tuesday, July 10, 2018. Asian markets were mostly higher on Tuesday as overnight gains on Wall Street and the lack of bad news surrounding U.S.-China tariffs boosted sentiment. less People walk past an electronic board showing the Hong Kong share index at a bank in Hong Kong, Tuesday, July 10, 2018. Asian markets were mostly higher on Tuesday as overnight gains on Wall Street and the lack ... more … [Read more...] about Higher Asian markets mirror optimism on Wall Street
Asian markets mirror optimism on Wall Street
Annabelle Liang, Associated Press Updated 12:02 am CDT, Tuesday, July 10, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Kin Cheung, AP Image 1of/3 CaptionClose Image 1 of 3 People walk past an electronic board showing the Hong Kong share index at a bank in Hong Kong, Tuesday, July 10, 2018. Asian markets were mostly higher on Tuesday as overnight gains on Wall Street and the lack of bad news surrounding U.S.-China tariffs boosted sentiment. less People walk past an electronic board showing the Hong Kong share index at a bank in Hong Kong, Tuesday, July 10, 2018. Asian markets were mostly higher on Tuesday as overnight gains on Wall Street and the lack ... more … [Read more...] about Asian markets mirror optimism on Wall Street