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Aug 29

In The News:

It’s a Bird… It’s a Plane…

Thursday, Google (GOOGL) announced it has created a secret research laboratory which will build a fleet of drones designed to bypass earthbound traffic so packages can be delivered to people more quickly. The new ambitious program accelerates Google’s technological arms race with rival Amazon. Google expects, project wings, will take several more years before its fleet of drones is fully operational [Continue reading...]


In The News:

You’ve Been Compromised…

Russian hackers have apparently struck again. This time, it was an attack on the U.S. financial system. In mid-August Russian hackers infiltrated and stole data from JPMorgan Chase & Co. (JPM) and at least four other bank. The incident is currently being investigating by the FBI as a possible retaliation for government-sponsored sanctions. Authorities are investigating whether recent infiltrations of major European banks using a similar vulnerability are also linked to the attack.

Hackers may have used a software flaw known as a zero-day vulnerability in one of the banks’ websites. The hackers then plow through layers of elaborate security to steal the data, a feat security experts said appeared far beyond the capability of ordinary criminal hackers.

Our Leader Has Returned….

In a statement Wednesday Market Basket, the New England supermarket chain who has been in turmoil for weeks after their former CEO had been fired announced former CEO Arthur T. Demoulas would be returning to the company. In June, Arthur T. Demoulas was ousted by a board of directors controlled by his cousin, Arthur S. Demoulas, causing workers to stage protests. Hundreds of warehouse workers and drivers refused to deliver food to the chain’s stores in Massachusetts, New Hampshire and Maine, leading to empty shelves and tens of millions in lost revenue. Arthur T. Demoulas has reportedly made a $1.5 billion offer to buy out the part of the company by his cousin, paving the way for his return to the supermarket chain. All associates will be welcomed back to work with Arthur T. and his former management team. The company is hoping to restore daily operations soon.

 In The Markets:


Asian closed lower on Thursday despite a positive hand off from Wall Street.


European stocks took a pause from a two day rally closing lower on Wednesday. Investors continued to weigh weak economic data against hopes the ECB will introduce new stimulus measures.


US market closed slightly higher on Wednesday as investors juggled earnings and geopolitical events. DJIA: +15.31 17122.01 NASDAQ: -1.02 4569.62 S&P: +0.10 2000.12

 In Word Of The Day:

REIT (Real Estate Investment Trust):

A type of security which can sell like a stock on the major exchanges and invests in real estate directly. REIT’s receive special tax considers and typically offer investors higher yields.

In Dinner Or Drink:

Grocery Boy

1 oz. white rum
3/4 oz. Southern Comfort® peach liqueur
1/3 oz. triple sec
4 Oz sparkling bitter lemon soda


Pour into an ice-filled highball glass, garnish with fruit, and serve.



Aug 27

In The News:

Bad Burn….

Hewlett-Packard (HPQ) has announced they are recalling 5.6 million notebook computer AC power cords in this country and another 446,700 in Canada because of possible overheating which can poses both a burn and fire hazard. The company received 29 reports of power cords overheating and melting or charring, resulting in two claims of minor burns and 13 claims of minor property damage. [Continue reading...]

Aug 26

In The News:

I Got a Twitch…

Amazon (AMZN) announced it is buying video game steaming platform Twitch Interactive. The cost for an expanded presence in gaming…$970 million bucks.  The move will help Amazon accomplish its resolve to transform the e-commerce giant into an Internet destination beyond its core retail operations. The move is the largest deal in Amazon’s 20-year history and will help the company compete against Apple and Google in the fast growing online gaming world.

Burger Buy…

On Tuesday, Burger King Worldwide confirmed it will acquire Canadian burger chain, Tim Hortons.  Under the terms of the deal, Tim Hortons shareholders will receive around $65.50 in cash and 0.8025 common shares of the new company for every Tim Hortons share they own. Berkshire Hathaway chairmen and CEO Warren Buffet is helping Burger King finance the deal by committing $3 billion in preferred equity financing. The buyout still needs the approval of both company boards.

In The Markets:


Asian equity markets closed lower on Tuesday as tension over the Ukraine took the shine off Wall Street’s record breaking day.


European shares closed higher on Monday after a ECB President Mario Draghi speech helped boost hopes of further monetary steps to help kick start the region’s economy.


U.S stocks closed higher on Monday, with the S&P crossing over the 2000 for the first time in intraday trading. Markets were lifted by corporate deals and optimism the ECB will embark on future rounds of stimulus to help spur the region’s economy. DJIA: +75.65 17076.87 S&P: +3.90 2001.82 NASDAQ: +6.90 4564.29

In Word Of The Day:

Exchange Traded Funds (ETF):

A security that tracks an index, a commodity or a basket of assets like an index fund, however it trades like a stock on an exchange. ETFs experience price changes throughout the day as they are bought and sold just like their bff stocks.

In Dinner or Drink:

Heath bar Blizzard

1 heath candy bar
1/4 cup milk
2 1/2 cups vanilla ice cream
1 tsp Fudge topping

Freeze the Heath bar, then break it into tiny pieces while still in the wrapper.


Aug 25

In The News:

New Dealer…

On Saturday, Swiss pharmaceutical company Roche announced it has reached an $8.3 billion deal to buy InterMune Inc. (ITMN), a California-based developer of treatments for lung diseases. Under the agreement, Roche will acquire InterMune in an all-cash transaction, paying $74.00 per InterMune share, a premium of 38 percent over InterMune’s closing price on Friday. [Continue reading...]

Aug 22

In The News:

Penalty Present:

On Thursday, Attorney General Eric Holder announced the US Department of Justice, other federal agencies, and six states have agreed to settle with Bank of America to resolve multiple investigation into how the company packaged and sold residential mortgage-backed securities. Bank of America has agreed to pay $16.65 billion to settle the federal probe into its mortgage practices in the years leading up to the 2008 financial crisis. [Continue reading...]

Aug 21

In The News:

Inside the Fed’s Head…

On Wednesday, the Federal Reserve released the minutes of their last meeting, showing the more the U.S. economy strengthens the more the Fed inches closer toward starting to raise interest rates. Minutes of the Fed’s July meeting show a discussion between Fed officials who think the economy has improved enough the Fed may need “to call for a relatively prompt move” towards reducing the support the Central bank has been providing. [Continue reading...]

Aug 20

In The News:

New Game Plan….

Sprint (S), the mobile cell phone company, unveiled a new pricing plan which offers customers 20 gigabytes of data and up to 10 lines for $100, doubling its data offerings. The change is the latest in a string of price cuts and promotions sweeping the wireless industry. The company is betting new prices will revive the carrier which has been hampered by an expensive network overhaul and rising competition.  Don’t have a family… never fear the company is set to release new plans for individuals later this week. The new pricing plans comes after Verizon slashed prices for its unlimited talk and text plan and T-Mobile expanded its family plan to 6 lines and could signal more price cuts ahead for the industry as a whole.

See ya…

Former Microsoft (MSFY) CEO Steve Ballmer is calling it quits and parting ways with the company after more than three decades with the software maker. Microsoft, on Tuesday announced Ballmer has stepped down from its board of directors. Eelier this year Ballmer resigned as chief executive. In a letter posted on Microsoft’s website, Ballmer called Microsoft his “life’s work.” He expressed confidence in the company’s strategic direction and management, while noting that his new life precluded continued service on the board. Ballmer, who just became the owner of the Los Angeles Clippers, isn’t completely severing ties he still remains one of the company’s large shareholder.

In The Markets:


Asian markets closed mostly higher on Wednesday, reversing from early session losses and overlooking news of a widening trade deficit in Japan.


European stocks closed higher for a second day on Tuesday as investors perceived a further easing of tension in the Ukraine.


U.S markets closed higher Tuesday as economic reports offered a benign view on inflation and a better-than-anticipated picture of the housing market. DJIA: +80.85 16919.59 NASDAQ: +19.20 4527.51 S&P: +9.86 1981.60

In Word of The Day:

Consumer Price Index (CPI):

A measure which examines the weighted average of the prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; goods are weighted according to their importance. Changes in index are used to assess price changes associated with the cost of living.

In Dinner or Drink:

Mind Games:

1/4 oz. Ricard® pastis
1/4 oz. Blue Curacao liqueur
1/2 oz. milk

Shake the ricard, blue curacao and milk (2% fat) with ice in a shot glass.



Aug 19

In The News:

Biggest Ever….

BHP Billiton Ltd. (BHP), one of the world’s largest miners, announced Tuesday it will spin off part of its business, aka create a new unit, based in Perth. The spinoff is poised to be the biggest in the mining industry and will separate the company’s aluminum, coal and silver assets. The new company will be valued at about $15 billion after it begins trading next year. [Continue reading...]

Aug 18

In The News:

Move Over Family….

Monday, Dollar General (DG) announced they have made an $8.95 billion counter bid for rival Family Dollar Stores (FDO). The announcement comes just weeks after Family Dollar agreed to be acquired by Dollar Tree for $8.5 billion. If Dollar General is successful in its buy out attempts, the combined two discount chains would have around 20000 stores in 46 states. [Continue reading...]

Aug 15

In The News:

Monster Move…

In a risky bold move to help jolt sagging sales, Coca Cola Co. (KO) will pay $2.15 billion to acquire a 16.7% stake in energy-drink maker Monster Beverage Corp. (MNST) as part of an asset swap. Analysts have long considered Monster a potential takeover target, and at one time back in 2012 Coke was reported to have been in talks with Monster to acquire the energy drink. [Continue reading...]

Aug 13

In The News:

Think you had a rough Tuesday?…How do you go from darling to disappointment in a matter of hours? Ask Kate Spade (KATE). Tuesday morning, Kate Spade reported a net sale surge of nearly 50% in the second quarter. The news sent shares soaring up 10%. Tuesday afternoon, executives on a conference call made the statement that promotions would continue to weigh on the company profit margins this year. In other words, customers are coming into stores and buying but largely to take advantage of discounts. The news sent shares plunging more than 25% and erasing all of its gains for the year. 

Mo Problems…..
Last year, Consumer Reports called the Tesla Model S the best car it had ever tested. But after driving the electric sedan from more than 15,000 miles the magazine is changing its tune and may rescore the vehicle.  Among the problems Consumer Reports identified as issues the tested car’s center screen, at 12,000 miles, went blank which blocked access to most of the functions in the car and essentially disabling it. Also, the Model S’ automatically-retracting door handles wouldn’t emerge as designed so that the driver door could be opened. The good news….despite the glitches, Consumer Report’s test drivers and other staffers still loved driving it.

In The Markets:


Asian markets closed mixed on Wednesday as markets shrugged off a poor showing of the Japanese economy and key monthly indicators from China.

European shares closed down on Wednesday after German confidence dropped lower than expected.
U.S markets closed flat on Tuesday as developments in Ukraine and Russia continued to trouble investors. DJIA: -9.44 16560.54 NASDAQ: -12.08 4389.25 S&P: -3.17 1933.75

 In Word Of The Day:

A taxable distribution of a portion of company’s earnings that are declared by a company’s board of directors and distributed to its shareholders at the declared date.

In Dinner or Drink:

Electric Tea

 3/4 oz. vodka
3/4 oz. gin
3/4 oz. light rum
3/4 oz. tequila
3/4 oz. Blue Curacao liqueur
1 1/2 oz. sweet and sour mix
1 oz. Sprite® soda
fill with ice

Combine in a pint glass, shake and serve with a lemon wedge

Below is a reprint of yesterday’s Daily Digest. Due to technical issues with gmail some readers did not receive yesterday’s edition.



Aug 12

In The News:

Not Playing Fair…
According to rivals, Uber is using a pattern of aggressive and questionable tactics in its effort to dominate the car-on-demand market. New data provided by rival Lyft shows Uber employees have ordered and canceled more than 5,000 Lyft rides since last October. The calls did not come from just one employee going rogue. According to Lyft, 177 Uber employees from around the country booked and canceled rides in the time frame. Lyft also alleges that Uber employees would keep rides they booked; however, they would take them on short jaunts where they would try and get drivers to move over to Lyft. These bogus requests decreased Lyft driver availability, which may have sent users to Uber. This isn’t the first time Uber has played dirty. Earlier this year, reports surfaced Uber staffers in New York called and withdrew over 100 ride requests with another taxi app, Gett, in the span of three days.
Banana Buyer…
A pair of Brazilian companies unleashed a $625 million offer Monday for Chiquita Brands International (CBG) seeking to derail the U.S. banana company’s plan to merge with Fyffes (FFY). The new bid comes from Cutrale Group, one of the world’s largest orange-juice suppliers, and investment firm Safra Group, which has offered to pay $13 in cash per share for Chiquita, a 29% premium to Friday’s closing price. Chiquita said it will “carefully review and consider” the competing offer, however the company continues “to strongly believe in the strategic merits and value provided by the proposed transaction with Fyffes.” Shares of Chiquita rose 30% on the news while Fyffes shares tumbled 14%.

In The Markets:

Asian stocks closed higher on Tuesday as modest advance for US stocks appeared to help sentiment.

European markets closed higher Monday boosted by a continued rally in the US and calmer geopolitical headwinds.

US markets closed slightly up on Monday as investors shrugged off tensions overseas and focused on improving economic data. DJIA: +16.05 16569.98 S&P: 5.33 1936.92 NASDAQ +30.43 4401.33

In Word Of The Day:


The process of determining the current worth of a company or asset.

In Dinner or Drink:

Dirty Diane
1 oz. Appleton rum
1 oz. Captain Morgan® Parrot Bay coconut rum
1 oz. Captain Morgan® spiced rum
pineapple juice
1 splash 7-Up® soda
1 splash grenadine syrup

Fill glass with ice add rums, juice, 7 and grenadine.. easy poor drink add garnish…

Aug 11

In The News:


Due to an apparent contract dispute, (AMZN) has halted preorders for selected DVDs and Blu-ray discs from media giant, Walt Disney, including popular titles such as “Captain America: The Winter Soldier”. Amazon is now restricting customers’ ability to preorder physical copies of the films, promising to notify them when they become available. Also effected…preorders for physical versions of “Maleficent,” “Muppets Most Wanted” and others all though customers could still buy digital versions in advance.   [Continue reading...]

Aug 8

In The News:

You’re Half… My Half….

Lululemon’s (LULU) founder Dennis “Chip” Wilson has agreed to sell half his stake in the yoga-gear maker to private-equity firm Advent International for $845 million in an attempt to resolve a dispute with the company’s board. Under the deal, Mr. Wilson will sell a 13.85% stake in the company, he agreed to give two board seats to Advent and the company will submit to a review of its governance practices. [Continue reading...]

Aug 7

In The News:

Letting Go…

Venezuela’s government has confirmed that it is considering the sale Citgo’s oil refining and distribution network in the U.S. amid a worsening economic crisis. The company, believed to be worth as much as $15 billion, was once called by the late President Hugo Chavez a “bad business” that contributed to the tax coffers of the United States and made no profit for Venezuelans. Chavez repeatedly floated the idea of selling the company, which operates refineries in Texas, Louisiana and Illinois. [Continue reading...]

Aug 6

In The News:

We Want All Of You…

Wednesday, Walgreen announced they will buy the remaining 55% of U.K of drug store chain, Alliance Boots GmbH that it doesn’t already own. The company also confirmed it would keep its headquarters in the U.S. and not pursue a so-called tax inversion overseas. The fully merged company will combine leadership from both companies with Walgreen Chief Executive Gregory D. Wasson continuing in his current role and Chairman Stefano Pessina will become the executive vice chairman of the newly combined holding company, called Walgreens Boots Alliance Inc. [Continue reading...]

Aug 5

In The News:

Slimming Down…

Procter & Gamble (PG) has spent decades building a huge stable of brand names and now the company has decided to slash as many as 100 of them. More than likely you’ve never heard of many of P&G’s brands because out of the 180 or so names P&G owns, it counts on only 50 for more than 90 percent of its sales and profits. As for the rest brand names? [Continue reading...]

Aug 4

In The News:

Scrap Metal….

It appears Google is getting out of the barge business, at least on the East Coast.  In 2013, the company, in secret, started construction on a floating showroom in a huge hangar in San Francisco Bay and in New London, Connecticut. The two large Google Barges/floating showrooms  were intended to serve as play and demonstration spaces where VIPs, and one day the public, could check out the latest projects from Google X, the lab working on big-idea projects like Google Glass and self-driving cars. [Continue reading...]

Aug 1

In The News:

Jobs, Jobs, Jobs…

On Friday the NFP report showed the U.S. economy added 209,000 jobs in July, marking the sixth straight month of 200,000-plus gains for the first time since 1997. [Continue reading...]

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