Economy


Major Coffee Chain Closing Over 300 Retail Stores Major Coffee Chain Closing Over 300 Retail Stores
- July 29, 2017

Mainly located in malls, Starbucks tried to drum up business for Teavana through "creative merchandising" and new store designs, it said , but company officials said many of its stores were "persistently underperforming". Twitter users referenced the high price of Teavana products and the fact that not as many in the US drink tea. And its tea business has grown 40% in the five years since it launched Teavana in the U.S. (more...)
Foxconn to build LCD factory in USA, investing 10 bln United States dollars Foxconn to build LCD factory in USA, investing 10 bln United States dollars
- July 29, 2017

The United States has added 70,000 manufacturing jobs since November, bringing the total to almost 12.4 million, but has not added any net factory jobs in the last two months, according to the Bureau of Labour Statistics. Tangen said the benefits to the company would be substantial. Even in 2013, Foxconn announced an investment of $30 million and hiring 500 workers in a new factory at Pennsylvania. (more...)
Oil climbs From 7-week high on signs U.S. stockpile plunged Oil climbs From 7-week high on signs U.S. stockpile plunged
- July 27, 2017

US crude stocks fell last week as refineries hiked output and imports dropped, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said. WTI oil prices are forecast at $48.95 per barrel in 2017 and $49.58 per barrel in 2018, according to the EIA. Donald Morton, senior vice president at Herbert J. (more...)
Stock under Review: General Motors Company (NYSE:GM) Stock under Review: General Motors Company (NYSE:GM)
- July 27, 2017

In Steel & Iron Industry, Gerdau S.A. (GGB) have 1.79 billion outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Investors of record on Monday, July 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.32%. (more...)
Pakistan fuel tanker owners end strike Pakistan fuel tanker owners end strike
- July 27, 2017

He said the oil tankers' association went on strike after penalties imposed on the oil tankers carrying more fuel than the actual capacity. Mohammad Akram, a motorcyclist in Saddar, said he wanted to buy petrol in case of an emergency after reports in the media that the strike would continue for days. (more...)
Fast food gets its fix as Domino's and McDonald's beat on sales Fast food gets its fix as Domino's and McDonald's beat on sales
- July 26, 2017

The world's largest burger chain on Tuesday reported a 28 percent jump in second-quarter profit, thanks to sales of its new Signature Crafted line of burgers and $1 drink promotion. Executives said they need to be careful about not raising menu prices too much. Bernstein analyst Sara Senatore noted that the company's "impressive" results came even before the full effect of its digital initiatives have been seen. (more...)
Blue Apron Holdings Inc (NASDAQ:APRN) Stock Rating Reaffirmed by William Blair Blue Apron Holdings Inc (NASDAQ:APRN) Stock Rating Reaffirmed by William Blair
- July 25, 2017

SunTrust Banks, Inc. initiated coverage on Blue Apron Holdings in a research note on Monday. Blue Apron may reach its $10 IPO price again, provided it can "consistently improve convenience, price and selection for customers" in light of the "major negative overhang" of Amazon's moves into the space, RBC Capital Markets , another Blue Apron underwriter, said Monday. (more...)
Sensex, Nifty open on a high on Monday, Wipro, Lupin early gainers Sensex, Nifty open on a high on Monday, Wipro, Lupin early gainers
- July 25, 2017

All the sectoral indices, led by IT, oil & gas, bank and PSU, were trading in the positive zone with gains up to 0.51 percent. At 12.50 p.m., the wider Nifty of the National Stock Exchange (NSE) traded 52.60 points, or 0.53 per cent higher at 9,967.85 points. (more...)
CNN's Jake Tapper and Anthony Scaramucci trade barbs in heated interview CNN's Jake Tapper and Anthony Scaramucci trade barbs in heated interview
- July 24, 2017

Tapper then asked Scaramucci if he would have taken that meeting. Scaramucci said to laughter, referring to the president. "He called me from Air Force One". Spicer reportedly resigned because he was opposed to Scaramucci , whom he had to report to as press secretary. Scaramucci is set to do battle on behalf of Trump. (more...)
Branden Grace Makes History With Record Score At 2017 British Open
- July 23, 2017

Basically a go-for-broke strategy by the players at the bottom and middle of the field starting the weekend. It may have been one of sports' better cases of very heavy lifting without knowing, for the list Grace shoved aside is heavy with golfing distinction. (more...)
Wolseley plc (LON:WOS) Given Overweight Rating at JP Morgan Chase & Co Wolseley plc (LON:WOS) Given Overweight Rating at JP Morgan Chase & Co
- July 23, 2017

It has underperformed by 16.70% the S&P500. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company's stock. Tci Wealth Advisors Inc. owns 8,000 shares or 0.06% of their United States portfolio. Neuberger Berman Grp Limited Liability Corp reported 0% in NVE Corp (NASDAQ:NVEC). (more...)
Turkey and Germany urgently need to calm down Turkey and Germany urgently need to calm down
- July 22, 2017

Erdogan accused Merkel's government of behaving like the Nazis in comments that sparked fury across the political spectrum in Germany. The countries also have tangled over Turkey blocking German lawmakers' visits to German troops serving in the campaign against the Islamic State group at two Turkish air bases and over authorities' refusal to allow rallies by Turkish government politicians in Germany. (more...)
Amazon quietly acquired a start-up to make Alexa smarter Amazon quietly acquired a start-up to make Alexa smarter
- July 22, 2017

So, once the feature is live on all the Android handsets, users can ask Alexa about anything as they normally would while using it on Echo devices . This particular tool may be the main motivation for Amazon's acquisition, sources speculate, with such a platform potentially being able to facilitate Alexa's process of learning new information by allowing it to sift through massive amounts of data more efficiently. (more...)
European Central Bank leaves interest rates alone -- for now European Central Bank leaves interest rates alone -- for now
- July 21, 2017

Decision day at the ECB , China-U.S. relations turn frosty, and France wants Britain to pay up. The figure for initial jobless claims portrayed a positive image by coming in below expectations. Analysts think it's a near-certainty that the ECB , the monetary authority for the European Union's 19-country euro currency union, will start scaling back its 60 billion euros ($69 billion) in monthly bond purchases after their earliest termination date at the end of the year. (more...)
Centre gets Cabinet's nod for HPCL stake sale Centre gets Cabinet's nod for HPCL stake sale
- July 20, 2017

Later, another news report said that ONGC officials are of the view that no premium is required to be paid since HPCL is openly traded in the market and is already fairly valued. The BSE Oil & Gas index was trading 66 points up at 13905.17 around 1.15 pm (IST). The recent flurry of activity to integrate government-owned Oil Marketing Companies (OMCs) with oil and gas exploration companies follows Finance Minister Arun Jaitely's announcement during the 2017-2018 budget speech on the ... (more...)
Oil Prices Remain High On China Demand Oil Prices Remain High On China Demand
- July 20, 2017

Iraq's crude exports rose 1.7 percent to 3.818 million barrels a day, the data showed. Russian refining and fuel consumption have been recovering following a strengthening of the economy, which means less of the country's crude will be available this year for export, the consultancy said. (more...)
Discovery, Scripps tie-up a subscale DIY fix Discovery, Scripps tie-up a subscale DIY fix
- July 20, 2017

Discovery's lineup includes the Discovery Channel , TLC , Animal Planet and the Oprah Winfrey Network . Zacks Investment Research lowered shares of Scripps Networks Interactive, Inc (NASDAQ: SNI ) from a hold rating to a sell rating in a research report released on Monday. (more...)
BBC salary data shows huge pay gap between white and BME stars BBC salary data shows huge pay gap between white and BME stars
- July 20, 2017

While 12 men are listed as earning more than £400,000, there are only two women on this pay bracket - Claudia Winkleman , the presenter of Strictly Come Dancing , and Alex Jones , presenter of One Show who earns the same as her male counterpart Matt Baker . (more...)
United States stocks close mixed ahead of earnings reports United States stocks close mixed ahead of earnings reports
- July 19, 2017

BlackRock shares (BLK.N) fell 3.1% after the world's biggest asset manager's quarterly profit came in below expectations. Wall Street closed mixed on Monday: The Dow Jones Industrial Average fell slightly by 0.04 per cent to close at 21,630, the S&P 500 lost 0.01 per cent to close at 2,459 and the NASDAQ gained 0.03 per cent to close at 6,314. (more...)
Some sick creep is holding Cowboys WR Lucky Whitehead's dog for ransom Some sick creep is holding Cowboys WR Lucky Whitehead's dog for ransom
- July 19, 2017

On Sunday, Whitehead found himself in a awful situation when it was discovered that Blitz was stolen . Whitehead posted , along with a video of his dog. Whitehead said he refused to pay the $10,000, but told the thieves he would give them "some cash", which they indicated they would accept. In one of the videos, Kasino demanded $20,000 for the return of Blitz while also calling out several other Cowboys such as wideout Dez Bryant and owner Jerry Jones . (more...)
United States hits Iran with new economic sanctions
- July 19, 2017

It targets groups and individuals which the United States says has supported Iran's military, or Iran's Islamic Revolutionary Guard Corps (IRGC). The State Department also targeted two more groups associated with Iran's ballistic missiles program and said it was "deeply concerned" over Tehran's support for Lebanese terror group Hezbollah and Palestinian terror groups Hamas and Islamic Jihad. (more...)
Presidential election 2017: Close to 99 per cent voting Presidential election 2017: Close to 99 per cent voting
- July 18, 2017

The counting of votes will take place on July 20 in New Delhi where all the ballot boxes will be brought from various state capitals. The time has come to elect the 14 President of the Republic of India , who is the Head of state of India and the Commander-in-chief of the Indian Armed Forces. (more...)
Hays plc (LON:HAS) Given Hold Rating at Numis Securities Ltd Hays plc (LON:HAS) Given Hold Rating at Numis Securities Ltd
- July 17, 2017

It has underperformed by 16.70% the S&P500. The original version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/07/17/debenhams-plc-deb-price-target-lowered-to-gbx-39-at-investec-updated-updated.html. The company has market cap of $253.01 million. The Company's segments include Retail, Online, US, Australia and Other. It has a 32.31 P/E ratio. As of the last earnings report the EPS was $1.34 and is expected to be $1.86 for the current year with 2,532,000,000 ... (more...)
Spate of London Acid Attacks Prompts UK To Consider Life Sentences Spate of London Acid Attacks Prompts UK To Consider Life Sentences
- July 17, 2017

According to the Metropolitan Poloce Services, the five victims were transported to hospitals, with one man suffering life-changing facial injuries. The attacks were linked and police are questioning the teenager at an east London police station on suspicion of robbery and causing grievous bodily harm. (more...)
DiNardo and Kratz Charged with Murder in Missing Bucks Men DiNardo and Kratz Charged with Murder in Missing Bucks Men
- July 16, 2017

The confession comes after investigators arrested and jailed DiNardo on charges he tried to sell one of the victim's cars. Dinardo, whose parents own the Solebury Township farm being searched, was already in custody after being accused of stealing and trying to sell a vehicle belonging to one of the missing men. (more...)
Theresa May Urges Rivals in Parliament to Come Forward with Ideas Theresa May Urges Rivals in Parliament to Come Forward with Ideas
- July 15, 2017

May went into the June 8 snap election in a bid to boost her small 17-seat majority in the House of Commons but instead her Conservative Party only won 318 seats, eight short of the numbers needed to command even a one-seat majority. A leading commentator called her "Maybot", while her oft-repeated phrases such as "strong and stable, ' "Brexit means Brexit" and 'enough is enough" were lampooned, prompting campaign managers to change course. (more...)
Oil rises 2.5 percent after surprisingly large United States crude stock draw Oil rises 2.5 percent after surprisingly large United States crude stock draw
- July 13, 2017

Energy Information Administration lowered its outlook on Brent crude for 2017 and 2018 to last month's projections by $2 and $4, respectively, to $51 per barrel and $52 per barrel, but oil prices have been climbing so far Tuesday. This fate looks shaky as USA shale producers are already pulling back and reports of investment capital for shale is drying up. The source added that crude exports will fall to their lowest level this year in August, a level expected to be around 6.6 million ... (more...)
Secretaries of State stop submitting voter data to Trump commission Secretaries of State stop submitting voter data to Trump commission
- July 13, 2017

Trump created the Presidential Advisory Commission on Election Integrity in May, with Vice President Mike Pence at the helm and Kansas Secretary of State Kris Kobach as vice chairman. Some of the public uproar is more directed to the goal of this commission. The emphatic rejections are based on concerns over federal intrusion into states' affairs and huge technical difficulties in complying, not to mention the commission's transparent goal. (more...)
Man Attacked by Bull Shark at Florida Nude Beach Man Attacked by Bull Shark at Florida Nude Beach
- July 11, 2017

The unidentified man was able to get to shore with non-life-threatening injuries and is being treated at Aventura Hospital. According to Miami-Dade Fire Rescue spokesperson Erika Benitez, lifeguards advised swimmers to get out of the water; however, one swimmer remained in the water and was bitten by a shark. (more...)
Wimbledon quarterfinals: Venus Williams advances, No. 1 Angelique Kerber ousted Wimbledon quarterfinals: Venus Williams advances, No. 1 Angelique Kerber ousted
- July 11, 2017

Two-time Grand Slam victor Kuznetsova will next play Garbine Muguruza , after the Spaniard's 4-6 6-4 6-4 win over world number one Angelique Kerber . Svetlana Kuznetsova reached the last eight for the fourth time, but the first since 2007, with a 6-2 6-4 victory over ninth seed Agnieszka Radwanska . (more...)
Rice Midstream Partners LP (RMP) EPS Estimated At $0.34 Rice Midstream Partners LP (RMP) EPS Estimated At $0.34
- July 09, 2017

In related news, insider Douglas J. May sold 8,000 shares of the firm's stock in a transaction dated Wednesday, May 24th. Stock market analysts and brokers have recently amended their target prices on shares of Phillips 66 (NYSE:PSX). Analysts await EQT Midstream Partners LP (NYSE:EQM) to report earnings on July, 27. It has a 20.42 P/E ratio. Investors sentiment decreased to 0.81 in 2016 Q4. (more...)
Samsung remains wary of future even with record earnings Samsung remains wary of future even with record earnings
- July 09, 2017

Executives were quoted in news reports as crediting the profits to bold investments made three to five years ago by members of the owner family through the now defunct Corporate Strategic Office, a former control tower of Samsung companies. (more...)
France To Ban All Gas And Diesel Cars By 2040 France To Ban All Gas And Diesel Cars By 2040
- July 07, 2017

Mr Hulot said he recognised the target would put pressure on France's vehicle manufacturers, but he said they now had projects which "can fulfil that promise". As CityLab notes , while France isn't the first country to move towards banning gas- and diesel-powered vehicle sales, it's easily the most significant. (more...)
Mamata Accuses Governor Of Threatening And Insulting Her Mamata Accuses Governor Of Threatening And Insulting Her
- July 06, 2017

Before everything, the chief minister can not speak the way she did against Tripathi. It also termed as "baseless" the Chief Minister's allegations against Tripathi, and said these amounted to "insulting and humiliating the Governor and his office". (more...)
Traders detained for protesting against implementation of GST Traders detained for protesting against implementation of GST
- July 06, 2017

It was also adopted in upper house of the State legislature by a voice vote. However, with the resolution passed, GST can now be implemented in Jammu & Kashmir. The opposition MLAs alleged that the ruling PDP under pressure from its BJP ally has chose to bulldoze through the GST implementation in the state. (more...)
GST rollout: Kolkata retailers yet to implement new tax regime GST rollout: Kolkata retailers yet to implement new tax regime
- July 06, 2017

Among these are Andhra Pradesh, Bihar, Gujarat, Karnataka, Madhya Pradesh, Maharashtra and West Bengal. The rates are common under the GST and for the movement of goods in or outside a state, there is no need to check whether goods have moved physically out of the state or not. (more...)
Oil prices drop as OPEC crude production increases Oil prices drop as OPEC crude production increases
- July 04, 2017

West Texas Intermediate crude futures for August delivery were marked 0.3% higher at $46.17 by mid-day in London after hitting an intraday price of $46.43, the highest since June 14. Furthermore, in a trading statement released last week, Tullow raised its profit guidance for the first six months of the year - which is a positive development. (more...)
Sony to start pressing vinyl records again after nearly 30 years Sony to start pressing vinyl records again after nearly 30 years
- July 01, 2017

Sony Music is set to start pressing vinyl records again for the first time in nearly thirty years. Sony will release records from its artists, older songs to which it owns the rights and take orders from outside labels. Turntables and other vinyl-related accessories are also benefiting as a result. Sony and Panasonic both started selling analog record players again last year after previously giving up on them. (more...)
Stress Tests: Big Banks Prefer Buybacks to Bigger Dividends Stress Tests: Big Banks Prefer Buybacks to Bigger Dividends
- June 30, 2017

The Federal Reserve conditionally approved Capital One Financial Corp.'s capital plan in the regulator's annual "stress tests", saying the firm will have to resubmit its plan later this year to address shortcomings in its process. That metric fell to as low as 3.1 per cent at Goldman Sachs, just above the required minimum of three per cent. JPMorgan , Morgan Stanley and State Street Corp also reported ratios below 4 percent. (more...)
CNN tweets a correction at Trump CNN tweets a correction at Trump
- June 28, 2017

The story was posted on the network's website on Thursday and was removed with all links disabled the following night. Across pro-Trump media, pundits and reporters jumped on the incident as an example of the network's lack of credibility and repeated claims oft-repeated by President Donald Trump that the network was " fake news ". (more...)