Business


AT&T reveals its first three mobile 5G cities AT&T reveals its first three mobile 5G cities
- February 21, 2018

The carrier promises to name more cities in the coming months but reveals no timetable for any of them. To help with its timeline, the company said it will open a lab in Austin, Texas, to run "stress tests" that simulate real-world customer experiences over 5G. (more...)
Paul Marciano Temporarily Steps Down From Guess Amid Sexual Misconduct Investigation Paul Marciano Temporarily Steps Down From Guess Amid Sexual Misconduct Investigation
- February 21, 2018

Marciano's future with Guess will be determined following "an extensive and impartial investigation into all of the facts" by a special committee that has been formed. Upton asserts the assault began on a Guess Lingerie campaign shoot in 2010 and continued for the duration of her time working for the brand. "I had a final shoot (in May of 2011) and he was outwardly rude and degrading the entire time ", she said. (more...)
Disappointing Walmart results weigh on Wall Street Disappointing Walmart results weigh on Wall Street
- February 21, 2018

Walmart reported a decrease in digital sales of 23% in the fourth quarter ended January 31, well below the 50% e-comm growth it hit in the previous quarter. In November, Walmart's prices were within striking distance of matching Amazon's for the first time. Analysts expected $5 per share for the same period. (more...)
Gold Prices Hit One-Week Low As US Dollar Strengthens
- February 21, 2018

The government auctioned $51 billion of three-month bills at a yield of 1.64 percent, 6 basis points more than similar-tenor notes sold on February 12, while $45 billion of six-month debt yielded 1.82 percent. The dollar index, which measures the greenback against a basket of currencies, was up 0.1 percent at 89.828, after hitting a one-week high of 89.857. (more...)
Walmart Misses Profit Goal in Holiday Quarter as Online Sales Slow Walmart Misses Profit Goal in Holiday Quarter as Online Sales Slow
- February 21, 2018

Earnings: The company reported net income of $2.2 billion or 73 cents per diluted share, a 42.1% drop from the $3.8 billion, or $1.22 per diluted share, during the prior-year period. Amazon.com Inc. has leveraged its $99-a-year Prime membership program into intense loyalty from customers, and it's recently stepped into Walmart's turf, no longer content with only online sales . (more...)
Boston Partners Has $5.06 Million Position in Wynn Resorts, Limited (WYNN) Boston Partners Has $5.06 Million Position in Wynn Resorts, Limited (WYNN)
- February 21, 2018

About 294,548 shares traded. Wynn Resorts, Limited (WYNN)'s value Change from Open was at 0.10% with a Gap of 0.06%. It has outperformed by 20.93% the S&P500. Wynn Resorts has a fifty-two week low of $92.67 and a fifty-two week high of $203.63. The firm has "Buy" rating given on Tuesday, March 21 by Aegis Capital. (more...)
Florida school shooting survivors call for tougher gun laws
- February 21, 2018

Across the internet, students who were caught in the crossfire at the school spoke out. Student body secretary-treasurer Luke Collins said students are exhausted of living in fear. Murdock, who lives 20 miles (32 km) from Sandy Hook Elementary School where 20 children and six adults were shot to death five years ago, drew more than 50,000 signatures on an online petition on Sunday calling on students to walk out of their high schools on April 20. (more...)
A2 Milk revenue rises 70% A2 Milk revenue rises 70%
- February 21, 2018

With the partnership and under the Nutritional Products Manufacturing and Supply Agreement (NPMSA), Fonterra will begin conversations with its network of 10,000 farmers to source an A2 milk pool and develop a similar supply of A2 milk in Australia to meet rising demand for a2MC products. (more...)
Modi inaugurates Uttar Pradesh Investors Summit, top business leaders pledge investments Modi inaugurates Uttar Pradesh Investors Summit, top business leaders pledge investments
- February 21, 2018

Inaugurating the summit, Prime Minister Narendra Modi said in UP, MSMEs play a major role. Zee group will make an investment of Rs 18,750 crore in Uttar Pradesh, says chairman Subhash Chandra. Aditya Birla group will invest about Rs25,000 crore in the state across sectors over the next five years, he said. Ambani said Reliance would invest Rs 10,000 crore in the state over the next three years. (more...)
Lloyds bank profit rises to record $7.4 billion, but misses estimates Lloyds bank profit rises to record $7.4 billion, but misses estimates
- February 21, 2018

In the fourth quarter it set aside £600m to cover the cost of compensating victims of PPI mis-selling, taking the total for the year to £1.65bn, up from £ 1bn in 2016. Finally, S&P Global set a GBX 77 ($1.06) target price on Lloyds Banking Group and gave the stock a buy rating in a research report on Wednesday, October 25th. (more...)
KFC cock-up continues, leaving United Kingdom fried chicken fans craving a fix KFC cock-up continues, leaving United Kingdom fried chicken fans craving a fix
- February 21, 2018

A spokesperson said: "We anticipate the number of closures will reduce today and over the coming days as our teams work flat out all hours to clear the backlog". KFC has said it is working "flat out" to reopen branches after problems with deliveries forced closures from Friday. "But now police are having to advise the "#KFCCrisis" is not a police matter. (more...)
Walmart US Q4 Ecommerce Sales Slow Walmart US Q4 Ecommerce Sales Slow
- February 21, 2018

The mixed results raise concerns that Walmart's push to narrow the gap between Amazon .com Inc. and itself may be losing steam, even as it makes huge investments in both its digital business and stores like lowering prices. The company's full-year profit guidance, of US$4.75 to US$5.00 per share, also fell short of analysts' estimates. Amazon.com Inc. has leveraged its $99-a-year Prime membership program into intense loyalty from customers, and it's recently stepped into Walmart's turf, ... (more...)
Active Valued Watching Stock: Coca-Cola European Partners plc (NYSE:CCE) Active Valued Watching Stock: Coca-Cola European Partners plc (NYSE:CCE)
- February 21, 2018

About 7.97M shares traded or 6.53% up from the average. Hancock stated it has 0.06% in Hill-Rom Holdings, Inc. Hill-Rom Holdings, Inc. (NYSE:HRC) has risen 57.47% since February 20, 2017 and is uptrending. Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 312,195 shares or 0.21% of the stock. Bank of Montreal Can grew its stake in The Coca-Cola Co (NYSE:KO) by 47.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and ... (more...)
Nirav Modi denies involvement in India bank fraud Nirav Modi denies involvement in India bank fraud
- February 21, 2018

It is now known that arrested PNB deputy manager foreign exchange department Gokulnath Shetty who has since retired, illegally accessed Level-5 SWIFT password with Nirav's firm. Modi blamed the bank in his letter to the management for destroying his brand in the market and now it is not possible for him to pay the due by going public. (more...)
Wedbush Securities Inc. Decreases Stake in Realty Income Corp (O)
- February 21, 2018

Kimco Realty Corporation (NYSE:KIM) has declined 31.73% since February 19, 2017 and is downtrending. It has outperformed by 70.43% the S&P500. O's SI was 20.82M shares in February as released by FINRA. The companyÂ's Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective ... (more...)
Girl Scout Cookies now on sale Girl Scout Cookies now on sale
- February 21, 2018

To find out where the Girl Scouts will be set up, you can download the "Cookie locator" app on your phone. And while headlines about entrepreneurial Scouts pulling wagons full of cookies to local dispensaries have gone viral almost once a year since legal pot shops first opened in California and Colorado, the Girl Scouts of America (GSA) have either turned a blind eye or attempted a slap on the wrist against those ingenuitive salesgirls, until now. (more...)
Porsche Sweeps Through Lineup And Kills ALL Diesels Citing Cultural Shifts Porsche Sweeps Through Lineup And Kills ALL Diesels Citing Cultural Shifts
- February 21, 2018

An overnight report from Autocar said the company would stop building its last two diesel models, as part of a "cultural shift" toward plug-in hybrid vehicles. Porsche has not confirmed plans to offer the next-gen Cayenne with a diesel motor in Australia as the carmaker does not comment on future product speculation. (more...)
Singapore to impose carbon tax from 2019 Singapore to impose carbon tax from 2019
- February 21, 2018

This only applies to businesses which provide exempt supplies and includes the provision of financial services, the sale and lease of residential properties and the import and local supply of investment precious metals. Coming in 2019 is a carbon tax , which will be S$5 per ton of greenhouse gas emissions until 2023. - Singapore will defer earlier announced increases in foreign worker levy rates for another year for marine shipyard and process sectors. (more...)
SpaceX Falcon 9 rocket launch postponed for February 21 SpaceX Falcon 9 rocket launch postponed for February 21
- February 21, 2018

The Starlink satellite aims to provide low-priced Internet access on a global scale. Falcon Heavy may be the most powerful launch vehicle in the world, but its size and capability translate to a meager share of profits SpaceX envisions for Starlink, its space-based internet venture. (more...)
Chandrababu Naidu vows to fight for Andhra Pradesh's interests Chandrababu Naidu vows to fight for Andhra Pradesh's interests
- February 21, 2018

The issue has strained ties between the BJP and its biggest ally in the South. Talking to TDP leaders about the No Confidence Vote to be introduced by the YSRCP and to be supported by Pawan Kalyan , the JFC, Naidu opined that the No Confidence Vote would not serve the objective as the BJP has its complete majority and it could survive the No Confidence Motion. (more...)
Tesla cloud systems exploited by hackers to mine cryptocurrency Tesla cloud systems exploited by hackers to mine cryptocurrency
- February 21, 2018

A cloud environment owned and operated by Tesla was breached back hackers who used the company's compromised machines and computer resources to mine for cryptocurrency , according to security researchers . However, a Tesla representative reassures that "the impact seems to be limited to internally-used engineering test cars only, and our initial investigation found no indication that customer privacy or vehicle safety or security was compromised in any way". (more...)
Commerce Department recommends tariffs on steel, aluminum Commerce Department recommends tariffs on steel, aluminum
- February 21, 2018

After an investigation launched in April 2017, the Commerce Department has found that steel and aluminum imports threaten to impair US national security. The statement further noted that in an average month, China produces almost as much steel as the United States does in a year. When a bipartisan group of senators last week warned Donald Trump about the impact on Canada of invoking "national security" motives to limit metal imports, the President snapped: "Canada has treated ... (more...)
Home Depot Trumpets Q4 Earnings, Sales Home Depot Trumpets Q4 Earnings, Sales
- February 21, 2018

The stock decreased 2.90% or $0.97 during the last trading session, reaching $32.43. About 7.62 million shares traded or 44.24% up from the average. The Ontario - Canada-based Gluskin Sheff & Assoc Inc has invested 4.05% in The Home Depot, Inc . (NYSE:HD) or 1,603 shares. Now insiders hold 31,067,205 shares in the business which makes up 2.66% of shares. (more...)
USA oil costly again as it's stored less and shipped more USA oil costly again as it's stored less and shipped more
- February 21, 2018

Suhail al-Mazroui, energy minister for the United Arab Emirates , told media of the alliance formation, saying OPEC was urging its members to build oil capacity buffers to temper any wild upswings in price due to the weak USA dollar this year. (more...)
Vornado Realty Trust (NYSE:VNO) Shares Sold by Forward Management LLC
- February 20, 2018

Take now has $12.24B valuation. Quantitative Systematic Strategies LLC now owns 13,901 shares of the real estate investment trust's stock worth $1,087,000 after acquiring an additional 1,257 shares during the last quarter. (NYSE:FR). Commercial Bank Of Ny Mellon Corp owns 3.24M shares. Paradigm Asset Management Ltd Co reported 0.79% in Digital Realty Trust, Inc. Over the past 50 days, Arbor Realty Trust, Inc. (more...)
Cooper sales, earnings drop in Q4, fiscal year
- February 20, 2018

Net income fell 61.6 percent to $95.4 million, as the company recorded $68 million of "discrete" tax items in the fourth quarter related to the impact of US tax reforms. 47 funds opened positions while 148 raised stakes. Millennium Mngmt Ltd Liability Com holds 0.01% of its portfolio in Rogers Corporation (NYSE:ROG) for 51,475 shares. (more...)
Uber to sell Southeast Asian division to Grab? Uber to sell Southeast Asian division to Grab?
- February 20, 2018

It's said that Uber is looking for a "sizable stake" in the company. Uber's loss surged 61 percent in 2017 to $4.5 billion, according to numbers released this week, though its loss in the fourth quarter narrowed from the prior period. Reuters reported in November that SoftBank Group's multi-billion dollar investment in Uber had opened up the possibility of combining it with other ride-hailing assets that the Japanese group owns. (more...)
Will give my best to improve Pakistan cricket structure, says Shoaib Akhtar Will give my best to improve Pakistan cricket structure, says Shoaib Akhtar
- February 20, 2018

The opening ceremony for the tournament will be held on Thursday ahead of the first match between Peshawar Zalmi and Multan Sultans. Sethi said that since all franchises of the PSL had appointed their own brand ambassadors, and there was no need for the board to have PSL brand ambassadors. (more...)
S.Korea unveils measures to tackle GM's shutdown of domestic factory S.Korea unveils measures to tackle GM's shutdown of domestic factory
- February 20, 2018

President Donald Trump to make a final decision on imposing such trade penalties. Despite last year's export growth, Moon said trade protectionist moves were enhanced amid the uncertainty over the foreign exchange rate and the global price of crude oil. (more...)
BHP Billiton's half year profit jumps 25% BHP Billiton's half year profit jumps 25%
- February 20, 2018

The firm earned "Buy" rating on Wednesday, April 12 by Citigroup. Profitability analysis greatly helps in making investment decision. BHP has rewarded shareholders with a 38 per cent hike in its interim dividend to US55¢ a share despite booking a 37 per cent fall in profit to $US2 billion. (more...)

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