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On August 10, 1985 Michael Jackson closed a deal to acquire ATV, a holding company owned by Australian financier, for $47.5 million. What made the transaction interesting was what ATV actually owned - the publishing rights to the Beatles catalog of music. Ten years later, Jackson's ATV merged with Sony Music Publishing.

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As global oil prices hit three week lows, and weeks before a meeting of major oil producers in Algiers, Russia said it will not cut production, no doubt infuriating both OPEC and its de facto leader Saudi Arabia.

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Hewlett-Packard Enterprise is set to announce its fiscal Q3 results on Wednesday, September 7th. (Fiscal years end with October.) We expect that revenues grew for the Enterprise Group, which includes Industry Standard and Business Critical Servers, Storage and Networking Equipment, and a dedicated Technology Services unit. In contrast, we believe revenues for the Enterprise Services Group were likely off bit. And revenues for the Software and Financial Services were likely flat against the prior year. In aggregate, we expect the company to report low single-digit revenue growth for the quarter. The table below details our expectations from this quarter's earnings:

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Reports suggest that Alphabet Inc.'s subsidiary Google will now allow all its Waze app users in the San Francisco area to find fellow commuters who are headed in the same direction. This is as the company tries to establish itself as a strong player in the transportation segment. The fares for this ride sharing are aimed to be low enough to discourage drivers to operate as taxi drivers. While this is seen as a direct competition to Uber and Lyft, Google's fares are much lower than the rides of these players and the company is pitching this more as a car pooling facility. We believe this feature can help the company monetize its Waze app, which currently does not have a regular revenue stream. Also, as Google increases focus on driver-less cars and ventures into the transportation segment, ride sharing can be the growth driver for this segment, in our view. As consumers shift away from car ownership, ride sharing could be the default mode of transportation in the future. With its superior technology and experience with Waze, Google can capture a significant market share in this segment.

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Oil markets are the worst in at least a generation, with little sign of relief in sight, with analysts giving then often changing their forecasts and the world's largest oil producers playing cut throat oil and energy politics.

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Good news for American motorists preparing to travel this Labor Day. Amid the global oil price plunge, gasoline prices are at 12-year lows.

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In recent trading, shares of Royal Bank of Canada (Montreal, Quebec) (NYSE: RY) have crossed above the average analyst 12-month target price of $62.57, changing hands for $62.77/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.

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In recent trading, shares of Rogers Communications Inc. (NYSE: RCI) have crossed above the average analyst 12-month target price of $43.88, changing hands for $44.09/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

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