Hints and tips:
...Meanwhile, Senator Bernie Sanders has voted in favour of legislation that funded the private sector’s role in corrections....
...Some of this Gucci underperformance was duly expected (Gucci is less exposed to LG, carryovers and more fashionable) but some was due to a less favourable geo mix and warehouses disruptions....
...“We just don’t know whether this is the beginning of something bigger or a temporary correction.”...
...This is compounded by a long list of unusual uncertainties, be they geo-political, political or economic. The North Korean nuclear threat has not gone away....
...Geo Group’s shares rose 1.5 per cent in after-hours trading, and shares of CoreCivic – a rebranded version of Corrections Corp of America – were up nearly 3 per cent....
...Neither Geo Corp nor Corrections Corporation of America have quite regained their levels from before the DoJ decision, but their valuations are close to where they were....
...Shares of GEO Group were up 17.5 per cent on Wednesday, while Corrections Corp of America soared 37 per cent....
...That’s the rebranded name of Corrections Corporation of America, the private prison operator. GEO Group, the company at the bottom of the list above, is in the same business....
...For most of the past decade, Corrections Corp of America and The Geo Group, the big publicly listed private prison operators, profited from both, outperforming the S&P 500 and — after they converted to real...
...example, won a deal in 2014 to run Harmondsworth immigration removal centre near Heathrow, and merge it with the adjacent Colnbrook facility, at a price 30 per cent less than previous contracts held by Geo...
...The news ignited a fierce sell-off in the shares of Corrections Corp of America and the Geo Group, which nose dived by 48.2 per cent and 44.7 per cent, respectively....
...The US Department of Justice is phasing out its use of private prisons, dealing a blow to companies such as Corrections Corp of America and Geo Group while cheering critics who assailed the industry for...
...(NAR) US will cease using private prisons The Department of Justice is phasing out its use of the facilities, in a blow to companies such as Corrections Corp of America and Geo Group while cheering critics...
...Michel de Rosen, the normally buttoned-up chief executive of Eutelsat, took to the stage in 2015 wearing a T-shirt proclaiming “GEO is cool”, in an attempt to add some Silicon Valley flair to the world of...
...Prisons in New South Wales are thirsting for reform,” said David Elliott, corrections minister for the state....
...Shares in GEO Group were up 20 per cent in early trading in Wednesday, while Corrections Corp of America shares soared 45 per cent....
...GEO Group and the Corrections Corporation of America — the two big owners of for-profit prisons in the US — are New York-listed companies with market capitalisations of $2.6bn and $4bn, respectively....
...But the second world war pitched Sir Alcon, a trained geologist, into a world where science, industry and government were mobilised in a common interest....
...Geo-politics is one but a bigger one has to be the banks,” says Mouhammed Choukeir, chief investment officer at Kleinwort Benson....
...There are doubtless many explanations, including the new geo political uncertainty tempering animal spirits....
...The “criminal alien” prisons set up to hold border crossers are almost exclusively run by private companies, led by Corrections Corporation of America and the Geo Group....
...Two companies dominate the US private prison sector: Corrections Corporation of America and GEO Group....
...And, provided the demand for “beds” comes through, Geo will get its share – the new company together with Corrections Corp now control 80 per cent of the market....
...In fiscal year 2010, which for most state ends June 30, the budgets of at least 26 state departments of corrections were cut, according to a report last summer from the Vera Center on Sentencing and Corrections...
...Shares in Goldman, which led a sharp market correction on Friday as they dipped more than 12 per cent, ended the session 1.6 per cent higher at $163.32, but spent much of the session in the red after Britain...
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