Why Most Got The Brexit Vote Wrong Jun 24, 2016 08:33AM

Yesterday, we noticed something strange in the political bookie statistics - the number of bets being placed yesterday afternoon were 2:1 for leaving but odds only showed a 17% probability of leaving?

How can this be the case? The answer was pretty simple really, the odds makers were looking to offset risk not take a side on the final voting result. When the votes were weighted by the bet amount. The greater amount of capital being wagered skewed the probability towards... (continue reading...)

BlackBerry (BBRY) Notes Highlights from Q1 Call; Lauds EMM Performance Jun 23, 2016 12:33PM

BlackBerry (Nasdaq: BBRY) posted the following to its official blog on Thursday following its Q1 Report, which was released ahead of the opening bell.

BlackBerry’s software efforts continued to bear fruit in the first fiscal quarter of 2017, as enterprises embraced our newly-launched suite of enterprise mobility management (EMM) software.

BlackBerry recorded software and services revenue of $166 million in Q1, the highest in company history, said BlackBerry Executive... (continue reading...)

Boeing (BA) Reports One New Order Since Last Update Jun 23, 2016 11:06AM

Boeing (NYSE: BA) posted the following to its website on Thursday:

Orders through June 21, 2016

2016 Net Orders240471213276Customers737747767777787TotalAir China---6-6ALC----11Arik Air8----8Australia P-84----4Business Jet / VIP Customer(s)2----2Eastern Air Lines Group, Inc.10----10FedEx--12-3Japan Transocean Air1----1Norwegian8----8Pegasus Airlines5----5Unidentified Customer(s)594641689United Airlines41----41United States Navy18----18VietJet Air100----100Xiamen... (continue reading...)
Viacom board stays in place as judge steers away from Redstone competence question Jun 22, 2016 05:14PM

By Tom Hals

WILMINGTON, Del. (Reuters) - Viacom Inc's (NASDAQ: VIAB) directors can stay in place, at least for now, as a Delaware judge said at a hearing on Wednesday that a legal fight over who should sit on the media company's board may turn on the mental competence of 93-year-old controlling shareholder Sumner Redstone.

Last week, Redstone and his National Amusements Inc holding company removed five of Viacom's directors, including Chief... (continue reading...)

Tesla's (TSLA) Surprise Bid for SolarCity (SCTY) Not Seen as 'No-Brainer' Jun 22, 2016 09:25AM

Tesla's (NASDAQ: TSLA) Chairman and CEO Elon Musk described the company's surprise offer to acquire solar installation firm SolarCity (NASDAQ: SCTY), a company he is chairman of, as a "no-brainer" to reporters yesterday. He further defended the move in a conference call on Wednesday morning, saying he has zero doubt about the deal.

Rod Lache, an analyst at Deutsche Bank, was among those who disagreed with Musk's characterization of the deal as an obvious decision.... (continue reading...)

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