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Need to know
![These are the 25 best cities for job hunters]()
MoneyishThese are the 25 best cities for job hunters
- Jessica Biel tells Moneyish that ‘you are entitled to your own success’
- Here’s what Mark Zuckerberg’s body language during congressional testimony tells us
- Priyanka Chopra was turned down for a movie role because of her skin color
- The Boston Marathon’s gender policy is on the right track, transgender runners tell Moneyish
Zuora shares debut on NYSE at 43% premium to IPO price
Shares of Zuora Inc. debuted on the NYSE with a bang, as trading began 43% above its initial public offering price. The first trade was at $20 at 10:42 a.m. ET for 2.06 million shares, while the IPO priced at $14, above the expected range of $11 to $13. Since the open, the subscription services software company's stock has traded in a range of $19.12 to $20.75, and was recently 44% above its IPO price. Indications for Zuora's opening price had climbed steadily throughout the morning until trading began. The company, which claims it coined the term "subscription economy" 10 years ago, has gone has gone public at a time that the Renaissance IPO ETF has gained 1.2% year to date, while the S&P 500 has eased 0.3%.
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![Republicans have a plan to discredit James Comey]()
Republicans have a plan to discredit James Comey
- Bannon wants Trump to fire Rosenstein, cripple Mueller probe: report
- James Comey is about to ‘shock the president and his team’
- Senate committee to draft bill to protect Mueller from being fired
- Why not to panic over Trump’s missile warning (but to be concerned he might fire Mueller)
- Kellyanne Conway blamed for leaks by author of new White House book
- Ex–campaign aide Lewandowski: Trump has justification to fire Rosenstein
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![When his country needed him, Paul Ryan didn’t answer the call]()
OpinionWhen his country needed him, Paul Ryan didn’t answer the call
- Paul Ryan’s retirement a sign of Republican surrender on deficits, entitlements ... and Congress?
- Tim Mullaney: Paul Ryan leaves behind an unfixable mess
- Paul Ryan’s retirement a sign of Republican surrender on deficits, entitlements ... and Congress?
- Dads praise Paul Ryan’s decision to leave Congress for his family — with some skepticism
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Personal finance
![Tax breaks and burdens in all 50 states]()
Tax breaks and burdens in all 50 states
Thumbs up or thumbs down: how your state residency affects the amount you pay?
![21 lessons learned from early retirement]()
21 lessons learned from early retirement
A man who retired at 50 offers some unvarnished truths about life and retiring.
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Inside Marketwatch
Rite Aid tops earnings estimates after completing sale of stores to Walgreens
Rite Aid Corp. said Thursday it had net income of $767 million, or 73 cents a share, in the fourth quarter, after a loss of $21 million, or 2 cents a share, in the year-earlier period. The company's loss from continuing operations came to 46 cents a share, or adjusted EPS of 2 cents a share, compared with a FactSet consensus for a loss of 3 cents a share. The company completed the sale of 1,932 stores and related assets to Walgreens Boots Alliance Inc. on March 27, booking an after-tax gain of $1.2 billion to $1.3 billion. It will transfer 3 distribution centers and related inventory after September 1. Rite Aid also entered a merger agreement with Albertsons Cos. to transform the drug store chain into a food, health and wellness chain. The loss from continuing operations was mostly due to a revaluation of deferred tax assets following the December tax revamp, and a goodwill impairment charge related to the company's pharmacy services segment. Revenue fell to $5.661 billion from $5.880 billion, but was ahead of the FactSet consensus of $5.571 billion. The company said it still expects to book a loss of $40 million to $95 million in fiscal 2019 and to generate sales of $21.7 billion to $22.1 billion. Shares fell 1.2% premarket and are down 64% in the last 12 months, while the S&P 500 has gained about 13%.
IAG mulling Norwegian Air takeover
(Adds response from Norwegian Air, updates IAG and Norwegian share prices.) International Consolidated Airlines Group SA (IAG.LN) said Thursday that it is considering an offer for Norwegian Air Shuttle ASA (NAS.OS), after buying a 4.61% shareholding in the Scandinavian airline. The FTSE 100-listed company, which owns British Airways and Iberia, said that its minority ownership in Norwegian Air is intended to establish a position from which to initiate talks, but that no such discussions have been held so far.
