CCA Isn’t Dead Yet, But It Could Be Soon

When the Federal Bureau of Prisons (BOP) announced it would phase out its use of private prisons on Aug. 18, the stock price of the nation’s largest private prison company, Corrections Corporation of America (CCA), fell by 35 percent in a single day. But the market may have overreacted to the announcement. BOP contracts actually make up a fairly small part of CCA’s business.

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New quadcopter drone puts GoPro’s future up in the air

GoPro Inc. has had a strange year. Despite doubling its revenue year over year in the third quarter, shares have lost more than three-quarters of their value since January 2015. GoPro was a Wall-Street darling and about three months after the company went public its...
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Time’s 21st Century Strategy Relies on its 20th Century Prestige

Time Inc Chief Executive Officer Joe Ripp was recently asked what his company’s legendary founder, Henry Luce, would think of all the changes he’d instituted in his first two years on the job. “Who cares?” Ripp said, at an international publishing conference in...
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Tiffany Tries to Save Christmas with Silver Jewelry

By MICHAELA ROSS Tiffany’s is banking on its low-cost silver jewelry to pull it far ahead of last year’s dismal holiday performance and into a stronger 2016. The holidays are Tiffany & Co.’s most critical revenue season. The company counts on gift givers to stuff...
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Caterpillar’s Answer to Plunging Commodity Price: Restructuring

Concerned over declining sales and revenue figures, Caterpillar plans to achieve profitability and better growth through a restructuring plan. The construction machinery and equipment company announced significant restructuring actions in September, which will cost an...
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CCA Isn’t Dead Yet, But It Could Be Soon

CCA Isn’t Dead Yet, But It Could Be Soon

When the Federal Bureau of Prisons (BOP) announced it would phase out its use of private prisons on Aug. 18, the stock price of the nation’s largest private prison company, Corrections Corporation of America (CCA), fell by 35 percent in a single day. But the market may have overreacted to the announcement. BOP contracts actually make up a fairly small part of CCA’s business.

read more

Don’t Give up that Barnes & Noble Stock just yet

By Danni Santana Perhaps no company has felt the wrath of e-commerce more than Barnes & Noble. Chief competitors Amazon and Chegg have successfully hijacked customers by way of cheaper rental and purchase options of books online. Meanwhile, Barnes & Noble’s... read more

Starbucks Grows in Asia with Local Touch

Leila Lei often goes to one of three Starbucks cafes within a few blocks of her office in Guangzhou City, China, near Hong Kong. She orders a Mocha Latte and enjoys the free WiFi. She knows many others who like the café too. Lei is one of the many millions in... read more
Three Nook Users

Three Nook Users

Abdul Ali, Towson, Maryland Q: Are you going to stick with the Nook? A: These devices just aren’t built to last. The idea is to get you to buy one every year or so. I think that’s horrendous. I haven’t heard anyone’s iPad breaking down, so I think I’m going to go that... read more
Protected: Will Darden Be Hungry for Another Spin-Off?

Protected: Will Darden Be Hungry for Another Spin-Off?

Olive Garden has been the focus of Darden Restaurants, Inc.’s (NYSE: DRI) revival for months now. But investors looking to get true value out of this company might want to take a gander at its other restaurants – because chances are, they might not be a part of the... read more

Investment Journal

Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.