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The nation's largest privately-owned bank holding company and a major car rental chain said Thursday they will stop promotions aimed at National Rifle Association members. The Nebraska-based First National Bank of Omaha will not renew its contract to issue the group's NRA Visa Card, spokesman Kevin Langin said in a statement. "Customer feedback has caused us to review our relationship with the NRA," Langin said.
Shares of the Snapchat parent company sank 6.1 percent on Thursday, wiping out $1.3 billion in market value, on the heels of a tweet on Wednesday from Kylie Jenner, who said she doesn’t open the app anymore. Jenner’s tweet was followed late Thursday by one from Maybelline New York, asking its followers if it should stay on the Snapchat platform. The beauty-product brand owned by Paris-based L’Oreal SA said its “Snapchat views have dropped dramatically,” but it still wanted to connect with its followers.
Storage-drive makers Western Digital (WDC) and Seagate Technology (STX) are gaining on Friday, although Stifel's Kevin Cassidy says only one is a buy. Cassidy resumed coverage on both stocks today, with a Buy rating and $105 price target on Western Digital and a Hold rating and $49 target on Seagate. Together, he writes that the two have an 83% share of the $23.9 billion hard-disk-drive (HDD) market, and that HDDs will continue to play an important role in storage, especially in enterprise applications. He likes that both companies are innovative, though of the two, he prefers Western Digital. Cassidy highlights the company's vertically integrated supply in the NAND Flash market, which will benefit