Twitter’s stock heads for ninth straight loss to another record low

Twitter Inc.’s stock is on track for yet another record closing low on Thursday, as it ignored broad market and technology-sector rally to head toward a ninth straight loss. That would match the longest losing stretch in the social-media service’s shares since they went public on Nov. 7, 2013; it lost a total of 10% during a nine-session losing streak ending May 23, 2014. The stock, which has yet to post a gain in 2016 and has hit record lows every day since Jan. 5, has lost 21% during the current losing streak. It was down 2.1% in midday trade — it was down as much as 7.5% at its intraday low — and worth just a quarter of what it was at its Dec. 26, 2013, record close of $73.31. Meanwhile, the S&P 500 was up 1% on Thursday, and SPDR Technology ETF climbed 1.2%. J.P. Morgan analyst Doug Anmuth reiterated his overweight rating on Twitter, and his stock price target of $46, which is more than double the current price. “We believe Twitter is fundamentally changing the way people communicate and consume information, and the company is in the early stages of monetization, with considerable runway ahead,” Anmuth wrote in a note to clients.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Smart Property Managers Ask the Right Questions

By Marc Courtenay

The next time you attend a party or large gathering, look around at the group clusters that invariably form. Choose a couple of them to quietly walk up to and stand on the perimeter with rapt attention. What you’re likely to hear if you listen carefully is that there are three kinds of people in each group. There is the “blabber” who talk incessantly until those around them finally tire and walk away. There is also the “spectator” who likes to listen, hoping to be entertained, informed, and educated or all of the above. The spectators seldom contribute, especially if they’re shy and introverted. The third kind of person in small groups is the one who is prone to ask good questions. They often begin by carefully listening, and then at a pause in the interaction, they’ll ask a meaningful question. The best questions are ones relevant to everyone gathered around. Based on the information gathered by listening, those who ask good questions determine which questions will be of mutual interest.

The point I’m making can be summarized in one sentence: If you want helpful answers ask outstanding questions. Below are a few suggestions.

If you’re with a group of rental income property owners and managers, why not ask, “How do you keep your units filled with reliable residents?” Or ask them initially, “How are your vacancy rates?”

When you’re with a group of clients and residents you can ask a question that has the potential to lower your own vacancy rates. “How can I improve my service to you?” That may well be the most important question you end up asking in the weeks and months ahead.

“How can I improve my service to you?” implies that you care about your relationship to the ones you’re asking. If they ask you to be more specific, by all means ask an even better question.
“What can I do for you that will improve your experience as my client (or as a resident at a property you manage)?” Ask them to be candid with you because you really value them as a client or resident.

Then be prepared to listen more carefully than ever before. You’ll be amazed at what you’ll learn. Also be ready to answer some of their questions. Asking good questions initiates good conversations.

An effective question is usually a gift delivered to the person or persons you’re speaking with. It shows that you care and it often sparks their imagination to come up with ideas, suggestions and complaints. Yes, you’re willing to hear complaints. After all, would you rather lose a client or a good resident who felt they didn’t have a voice, or would you like to know ahead of time what’s bugging them?

Asking the best questions takes careful preparation and plenty of experience. Jot down and keep a list of as many important questions as you can. What questions would you like people to ask you? Start now!

We’d love to know what questions you come up with, so post your ideas in …read more

From:: Property Management

Natural-gas prices fall further as U.S. supplies decline less than expected

Natural-gas futures lost more ground on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity declined by 168 billion cubic feet for the week ended Jan. 8. Analysts polled by Platts had expected a decline of between 176 billion cubic feet and 180 billion cubic feet. Total stocks now stand at 3.475 trillion cubic feet, up 587 billion cubic feet from a year ago and 474 billion cubic feet above the five-year average, the government said. February natural gas was at $2.177 per million British thermal units, down 9.2 cents, or 4.1%. Prices traded $2.224 before the supply data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Boat club condo faces foreclosure

By Brian Bandell

The Dania Beach Boat Club has fallen into foreclosure for the second time, both with the same manager.

Revere High Yield Fund filed a foreclosure lawsuit on Dec. 21 against Dania Beach Marina Corp. and owner Michael M. Lally. It targets the 196 boat storage slips and the marina at 90 N. Bryan Road.

The Connecticut-based lender said it made Dania Beach Marina Corp. a $2.1 million loan in August 2014 and it defaulted after failing to pay it off upon maturing on Oct. 31, 2015. The borrower owes $2.06… …read more

From:: biz journal foreclosures

Denny’s commits to sourcing cage-free eggs by 2026

Restaurant chain Denny’s Corp. has committed to serving cage-free eggs in all of its restaurants by 2026. Denny’s serves 400 million eggs each year in dishes like the Grand Slam meal, the company said in a release. Denny’s has been upgrading in its menu as part of an effort to offer more premium ingredients and flavors, including wild-caught and sustainable salmon, seven-grain bread, and gluten-free English muffins. Denny’s joins a long list of company’s that have switched to cage-free eggs, including Taco Bell, which is part of Yum Brands , Starbucks Corp. , and McDonald’s Corp. . Denny’s shares are down 2.2% in morning trading and 17.8% for the past 12 months. The S&P is down 6.2% for the past year.

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From:: Stock Market News

Chick-fil-A adding organic children’s item to menu

Chick-fil-A said it will have its first organic menu item starting Jan. 18, the Honest Kids’ Appley Ever After juice drink. The item will be available in restaurants nationwide as a beverage option for the Kid’s Meal at no extra charge. Low-fat regular and chocolate milk alonog with fresh-squeezed lemonade are already on the menu. The company announced last week that it would be adding a new Superfood Side option to the menu, made of broccolini and kale, also on Jan. 18.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

U.S. stocks open higher as oil attempts to stabilize

U.S. stocks opened higher on Thursday, rebounding somewhat from their biggest losses in three months. Crude oil prices -one trigger for Wall Street’s sharp selloff-attempted to stabilize. The S&P 500 opened 6 points, or 0.3%, higher at 1,896. The Dow Jones Industrial Average added 75 points, or 0.5%, to 16,224. Meanwhile, the Nasdaq Composite began the day up 21 points, or 0.5%, at 4,546.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Fed’s Bullard: Inflation will take longer to get to 2% target due to oil prices

WASHINGTON (MarketWatch) – An unrelenting decline in crude-oil prices suggests it will take longer than expected for headline inflation to return to the U.S. central bank’s 2% annual target, said St. Louis Fed President James Bullard on Thursday. When they raised interest rates in December, Fed officials said they are reasonably confident that inflation will return to target over the “medium term,” an unspecified time period. “This argument still holds, but it now appears that this process will take longer than previously thought,” Bullard said in a speech to the Economic Club of Memphis. Bullard said he is also worried by the recent decline in market-based inflation expectations measures as these are a determinant of actual inflation. Bullard, who strongly favored the December rate hike, is a voting member of the Fed’s policy committee this year.

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From:: Stock Market News

Brown-Forman agrees to sell Southern Comfort and Tuaca to Sazerac for $543.5 million

Brown-Forman Corp. said Thursday it has agreed to sell its Southern Comfort and Tuaca brands to Sazerac for $543.5 million. Chief Executive Paul Varga said the deal “reflects the company’s evolving portfolio strategy and a continuation of its efforts to focus resources on its highest strategic priorities.” Brown-Forman is expecting to book a one-time gain on the deal of about $475 million in fiscal 2016. The deal is expected to close by March 1. Shares were not yet active in premarket trade, but are up 3% in the last 12 months, while the S&P 500 has lost 7.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News