Briefcase: Avista stock among state’s best-performing
Avista Corp.’s stock was the fourth-best performer in Washington in the last five years, according to SmartAsset, a personal finance technology company based in New York.
SmartAsset started with companies that have a market value of more than $50 million, then factored in stock price, dividends paid and volatility. The result was each stock’s risk-adjusted return, which was indexed and ranked.
“We wanted to find the companies with stock prices that have grown the fastest and paid the most in dividends while providing the least amount of risk to investors,” according to the SmartAsset website.
The top-performing stock in Washington over that time period was Alaska Air Group; second was Radiant Logistics Inc., of Bellevue; third was Starbucks Corp.
For more information visit https://smartasset.com/investing/ asset-allocation-calculator# washington/stocks.
Relativity Media in Chapter 11
LOS ANGELES – Relativity Media, the struggling “mini major” Hollywood studio behind movies such as “Immortals” and “Mirror Mirror,” filed for Chapter 11 bankruptcy protection Thursday.
The filing will allow the studio led by chairman and CEO Ryan Kavanaugh to continue to operate while restructuring. The company owes some $340 million to creditors.
The filing with the bankruptcy court for the Southern District of New York comes after a spate of lawsuits between it and an entity called RKA Film Financing that had lent it $84 million to market movies. RKA claims Relativity inappropriately used most of the money to stay afloat instead of on marketing. Relativity says that use of the money was never prohibited.
The bankruptcy filing came a day after Relativity announced it was laying off 75 of its approximately 350 employees.
T-Mobile news boosts shares
BELLEVUE, Wash. – Shares of T-Mobile advanced Thursday after the wireless carrier disclosed stronger-than-expected results for the second quarter and said it expects to pick up more subscribers this year.
The Bellevue-based company now expects to gain between 3.4 million and 3.9 million postpaid branded phone subscribers in 2015. Those subscribers are its biggest source of revenue, as T-Mobile gets less money from customers who buy prepaid phones or from wholesale customers.