Finance


Trader Joe's Says Pre-Packaged Salads May Contain Glass, Hard Plastic Trader Joe's Says Pre-Packaged Salads May Contain Glass, Hard Plastic
- November 20, 2017

Three types of packaged salads with "USE BY" stickers dated between November 10-21 could be contaminated. Turkey cranberry salads sold in California , Arizona, Nevada, Utah, Idaho, Oregon, or Washington may be affected. The FSIS recommends customers not consume the products. All potentially affected products have been removed from store shelves and destroyed, according to the statement. (more...)
Bishop Dewane disappointed by House passage of tax cut bill Bishop Dewane disappointed by House passage of tax cut bill
- November 19, 2017

Randy Hultgren of Plano showed support for the bill, stating in a press release "this bill provides tax cuts for the middle class, low-income Americans and US businesses of all sizes-from home builders, to contractors, to farmers and small businesses in IL". (more...)
Oil prices decline on rising U.S. stockpile Oil prices decline on rising U.S. stockpile
- November 18, 2017

The Energy Information Administration is out with the government's numbers this morning. Early yesterday, Brent crude, the worldwide benchmark dropped to $61 from the $64 recorded on November 7. This is potentially bearish for crude oil especially Brent. Demand prospects have also dimmed this week, further weighing on the market. Prices trended higher after Saudi Arabia's energy minister on Thursday signaled a willingness to extend output cuts when OPEC meets on November 30 on whether to ... (more...)
Moody's lifts mood, raises India's rating Moody's lifts mood, raises India's rating
- November 18, 2017

The upgrade came after 13 years. "The decision to upgrade the ratings is underpinned by Moody's expectation that continued progress on economic and institutional reforms will, over time, enhance India's high growth potential and its large and stable financing base for government debt, and will likely contribute to a gradual decline in the general government debt burden over the medium term", a Moody's Investor Service release said. (more...)
Nebraska unemployment for October lowest since 1999 Nebraska unemployment for October lowest since 1999
- November 18, 2017

Omaha's unemployment rate for October was 2.4 percent, down from 2.7 percent in September and 3.1 percent in October of past year. She says apprenticeships have helped millions of people develop skills needed for good jobs. Shelby County in metro Birmingham has the state's lowest jobless rate at 2.6 percent, and Wilcox County in western Alabama is highest at 8.9 percent. (more...)
Uber Sex Assault Class Action Filed by 2 Women Uber Sex Assault Class Action Filed by 2 Women
- November 16, 2017

The lawsuit argues that Uber's lax background check policies allow unsafe individuals to get jobs driving for the company, and thus get access to potential victims. Jane Doe 2 alleges that an Uber driver "forced her to engage in intercourse against her will" after following her into her home. The suit further alleged that as a way of protecting itself from requirements that a transportation company would be required to fulfill, Uber instead has called itself a technology platform thus giving ... (more...)
Singles' Day Breaks Records for Alibaba, JD.com Singles' Day Breaks Records for Alibaba, JD.com
- November 14, 2017

Audio will be available later today . For scale, Singles Day was more than 25 times the size of Amazon's most recent Prime Day, where the company boasted more than $1 billion in sales. More recently, JD said it had lost roughly 100 merchants to competition during the promotion period for "Singles' Day", China's biggest online sales event which ended on Saturday. (more...)
Hasbro Said to Make Bid for Toy Rival Mattel Hasbro Said to Make Bid for Toy Rival Mattel
- November 13, 2017

El Segundo, California-based Mattel is the maker of iconic Barbie dolls, American Girl dolls, Fisher-Price and Hot Wheels toys. The Wall Street Journal , citing people familiar with the matter that it did not identify, said Hasbro approached Mattel recently about a deal. (more...)
Alipay logs record sales on China's Singles' Day Alipay logs record sales on China's Singles' Day
- November 12, 2017

The 2016 11.11 Global Shopping Event was generating $17.79 billion in sales. Even when putting together all the biggest US shopping holidays, Black Friday, Thanksgiving , Cyber Monday, and Amazon's Prime Day-sales from Chinese e-commerce giant Alibaba's Singles' Day still come on top, according to data compiled by Fung Global Retail & Tech. (more...)
JC Penney Comp Store Growth Higher Than Expected JC Penney Comp Store Growth Higher Than Expected
- November 11, 2017

The shares went down by -29.1% in value last month. If J.C. Penney can deliver another quarter of comp sales growth while stabilizing gross margin , investors might finally gain confidence that J.C. The mean target price as estimated by the analysts for the company has been recorded at $5.44. BidaskClub upgraded J. C. Penney Company, Inc . Holding in a report on Tuesday, July 4th. (more...)
Nvidia beats Q3 expectations as data center sales climbs
- November 11, 2017

The stock of NVIDIA Corporation (NASDAQ: NVDA ) has "Neutral" rating given on Tuesday, September 20 by SunTrust. They now have a buy rating on the computer hardware maker's stock. Stockholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. (more...)
Fidget spinners pose danger with high lead levels, consumer group says
- November 10, 2017

U.S. PIRG says its research of the popular toys found that two models of spinners sold at Target "contain as much as 300 times the federal legal limit for lead in children's products". Exposure to high levels of lead has been shown to cause lead poisoning , which can cause organ damage and long-term health problems. "Framed as a toy, the fidget spinner is also a great stress-relief tool", the online description reads. (more...)
TripAdvisor will display sexual assault cases on hotel websites TripAdvisor will display sexual assault cases on hotel websites
- November 10, 2017

The badges are meant to flag all health, safety and discrimination issues, including theft, sexual assault and rape , TripAdvisor spokesman Brian Hoyt told CNNMoney . Love alleged that a hotel security guard dragged her into the bushes and sexually assaulted her. The badges will not include the words "sexual assault", but will encourage customers to beware, similar to notices for fake reviews or recent violent incidents. (more...)
Staples Black Friday 2017 ad leak: Tons of laptop and PC deals Staples Black Friday 2017 ad leak: Tons of laptop and PC deals
- November 09, 2017

Not that many Thanksgivings ago, after the Black Friday sales circulars would drop, consumers would tear through their morning newspapers to plot out the next day's shopping strategy. Kohl's will open its stores at 5 p.m. on the holiday, also an hour earlier than a year ago. A preview of the sale is now on Best Buy's website . (more...)
Congress grills former Equifax, Yahoo CEOs over identity data breaches
- November 09, 2017

One of those suspected hackers, Karim Baratov, has even been arrested and extradited to the US. In March, federal prosecutors charged two Russian intelligence agents and two hackers with masterminding a 2014 theft of 500 million Yahoo accounts, the first time the US government has criminally charged Russian spies for cyber crimes. (more...)
Qatar Airways pays $662M for 10 percent of Cathay Pacific
- November 08, 2017

Akbar Al Baker, Qatar Air's chief executive officer, said the tieup advances his investment strategy by securing a stake in "one of the strongest airlines in the world", while Cathay counterpart Rupert Hogg added that he's looking forward to a "continued constructive relationship" with the Gulf operator. (more...)
National Australia Bank breaks profit record, plans headcount drop
- November 03, 2017

Profit is $6.6 billion, up 2.5% compared to previous year. The bank this morning posted a statutory net profit of $5.3 billion for FY17, with cash earnings up 2.5 per cent to $6.6 billion. That makes a steady full year payout of $1.98 a share and follows the decision by the ANZ next week to leave its dividends unchanged for the final half and full year. (more...)
Tesla is trading down ahead of Wednesday's earnings report Tesla is trading down ahead of Wednesday's earnings report
- November 02, 2017

Tesla is still sorting out its production issues for the Model 3. "We continue to make progress resolving early bottlenecks related to these issues, and there remain no fundamental problems with our supply chain or any of our production processes", Tesla said in the letter. (more...)
Man wanted for murder, rape of 13-month-old in custody Man wanted for murder, rape of 13-month-old in custody
- October 29, 2017

Following the capture of Gurto, U.S. Marshals and Conneaut police are expected to hold a press conference at 9:00 a.m. about his capture. He was wearing disguise and had a knapsack with him. He is charged with aggravated murder and rape, Conneaut police said. Disturbed murder and assault charges were recorded against the 37-year-old Gurto prior this month. (more...)
Twitter bans ads from Russian media outlets Russia Today and Sputnik Twitter bans ads from Russian media outlets Russia Today and Sputnik
- October 29, 2017

The social media outlet disclosed RT spent $274,100 on ads in 2016, and $1.9 million on ads since joining the platform in 2011. The policy change comes one week before Twitter representatives are set to testify before the Senate Intelligence Committee about how Russian Federation exploited the platform during the election. (more...)
Wisconsin man spends night drinking convenience store's beer cooler Wisconsin man spends night drinking convenience store's beer cooler
- October 28, 2017

Marshfield Police Chief Rick Gramza told WAOW that Van Ert "knew that Kwik Trip would not sell him any beer, so he chose to remain in the beer cooler". When he went into the store's cooler to retrieve his beverage of choice, the cooler door closed behind him, locking him in. Van Ert reportedly consumed an 18-ounce bottle of Icehouse Beer and three cans of Four Loko , the police report said. (more...)
Amazon Q3 earnings top expectations
- October 28, 2017

Q3 net income was $256 million or 52 cents per diluted share, which was roughly flat compared to the year-ago period but demolished the 3 cents-per-share Thomson Reuters I/B/E/S analyst expectation cited by Reuters . Amazon's other huge announcement this quarter, the plan to build a second North American headquarters, will bring another 50,000 jobs to the winning bidder. (more...)
Sears stops selling Whirlpool appliances Sears stops selling Whirlpool appliances
- October 27, 2017

But Whirlpool has warned investors about pressure from lower priced competitors, warning that profits had fallen more than 11% this year due to pressures in markets including China and Latin America. Sears told employees in a memo sent to stores last week. Sears said in the memo that Whirlpool made pricing demands "that would have prohibited us from offering Whirlpool products to our members at a reasonable price". (more...)
What do economists make of the GDP figures?
- October 27, 2017

Darren Morgan, the ONS' head of national accounts, said: "Services, led by increases in IT, motor trades and retail, continued to drive GDP growth". Peter Dixon, economist at Commerzbank, said that the United Kingdom economy is "running around 0.5 percent per year more slowly than prior to the European Union referendum". (more...)
Hudson's Bay to sell Lord & Taylor Fifth Ave building, shares jump Hudson's Bay to sell Lord & Taylor Fifth Ave building, shares jump
- October 25, 2017

After the holiday season is over, WeWork will start renovating the Lord & Taylor building, which opened in 1914 and was named a New York City landmark in 2007. Hudson's Bay said the deal would help it reduce debt by C$1.6 billion (S$1.72 billion) and ramp up its liquidity to about C$1.1 billion. The vacancy rate on Fifth Avenue, the heart of the city's high-end shopping district and home to the most expensive retail real estate in the world, reached a record past year. (more...)
NY bans vaping anywhere cigarettes are prohibited NY bans vaping anywhere cigarettes are prohibited
- October 25, 2017

Another pending bill seeks to require e-cigarette sellers to register with the state as tobacco retailers do - a tactic to mitigate sales to youths. In the view of vaping defenders, Vaper Rights says, "E-vapor products are not cigarettes". The New York State Court of Appeals rejected the most recent challenge to New York City's ban earlier this year, finding the inclusion of e-cigs in the law was valid. (more...)
Gas Prices Down Again at the Pump in Columbia Gas Prices Down Again at the Pump in Columbia
- October 25, 2017

Michigan's lowest average price was about $2.50 per gallon in the Marquette area. In nearby San Bernardino and Riverside, prices dropped to $2.94 per gallon and $2.97 per gallon respectively. The cycle then repeats. Retail prices remain about 5-10 cents higher than where they should be. Meanwhile, oil prices gained nearly a dollar last week after the EIA reported a 5.7 million barrel decline in oil supply and a 1 million barrel drop in production. (more...)
Don Lemon calls Fox News hypocritical after reports of O'Reilly settlement
- October 23, 2017

Her draft lawsuit nixed by the agreement included "allegations of repeated harassment, a nonconsensual sexual relationship and the sending of gay pornography and other sexually explicit material", according to the report. O'Reilly and eventually signed an affidavit dated January 17 retracting the allegations and promising not to sue, the report said. In its first article about Mr. (more...)
Gujarat assembly elections 2017: Two Hardik Patel supporters join BJP Gujarat assembly elections 2017: Two Hardik Patel supporters join BJP
- October 23, 2017

Solanki expressed confidence that the party would easily win over 125 seats in the 182-member House with the "support and blessings" of all these leaders. As BJP failed to win over Hardik Patel, it successfully drove a wedge in his camp. Apart from these leaders, the Congress also hinted at forging a pre-poll alliance with Sharad Pawar's NCP. (more...)
Linking bank accounts to Aadhaar mandatory, confirms RBI Linking bank accounts to Aadhaar mandatory, confirms RBI
- October 22, 2017

Mumbai: The Reserve Bank of India on Saturday said that biometric identity number Aadhaar linkage with bank accounts is mandatory. Banks have been informing customers that their accounts would become inoperative on January 1, 2018, if the linkage is not established. (more...)
Quarterly Financial Watch for Coca-Cola Company (The) (NYSE:KO) Quarterly Financial Watch for Coca-Cola Company (The) (NYSE:KO)
- October 22, 2017

The company has market cap of $272.34 million. The stock's price is $41.93 and their relative strength index (RSI) stands at 52.20. About 4.03M shares traded. Investec Asset Management Limited owns 265,854 shares or 0.06% of their USA portfolio. Robecosam Ag reported 34,675 shares stake. Since May 10, 2017, it had 0 buys, and 4 sales for $1.57 million activity. (more...)
Deadly attacks strike mosques in Kabul and Ghor Deadly attacks strike mosques in Kabul and Ghor
- October 21, 2017

The eyewitnesses said the suicide bomber was in the middle of the mosque among the worshippers when he detonated the explosives embedded with his body. In August, more than 40 Shia Muslims were killed in Kabul when Daesh terrorists attacked a mosque packed with worshipers. Almost 70 people were killed on Friday in a two suicide attacks on mosques in Afghanistan's capital and in the western province of Ghor, officials said. (more...)
Ford announces recall of 1.3 million vehicles due to door latch issue Ford announces recall of 1.3 million vehicles due to door latch issue
- October 19, 2017

The average transaction price for a new pickup in 2016 topped $39,000, and it could rise with the introduction earlier this month of Ford's Super Duty Limited vehicles that start at $80,235 for an F-250, $82,010 for an F-350 and $87,100 for an F-450. (more...)
Toro Rosso keep F1 guessing ahead of US Grand Prix Toro Rosso keep F1 guessing ahead of US Grand Prix
- October 15, 2017

The 27-year-old and Porsche factory driver is no stranger to F1, having been Red Bull's reserve driver in 2009 and 2010 before he was dropped from the company's driver development program. With that in mind, Toro Rosso and Red Bull have lined up Buemi, who raced for Red Bull's junior team between 2009 and 2011, to step in if a deal for Hartley can not be agreed. (more...)
Crude Oil Rebounds Ahead Of US Rig Count
- October 14, 2017

The International Energy Agency estimated in its monthly report on Thursday that the decline in inventories this year will halt in 2018 due to rising supplies from the USA and elsewhere. Supply also increased. "World oil supply in September was revised up by 0.41 million bpd month-on-month from the previous report to average 96.50 million bpd, representing an increase of 1.08 million bpd year-on-year", OPEC said in its report. (more...)
How to Use Facebook's Food Delivery Service How to Use Facebook's Food Delivery Service
- October 14, 2017

Facebook Vice President Alex Himel said, "People already go to Facebook to figure out what to eat by reading about nearby restaurants, and seeing what their friends say about them". So really, the Facebook portion is more like a jumping off point to direct users to the food delivery service. Facebook wants to make sure that you can do a lot of different things inside the app, so you stay in it longer. (more...)
Ophelia strengthens to a Category 2 hurricane Ophelia strengthens to a Category 2 hurricane
- October 14, 2017

Hurricane Ophelia strengthened to a Category 2 storm, swirling far from land in the eastern Atlantic , according to the U.S. National Hurricane Center's (NHC) latest advisory . Experts believe Hurricane Ophelia will increase the speed at which it moves across the Atlantic Ocean on Saturday . The latest NOAA 5am update shows maximum sustained winds are near 85 miles per hour with the highest gusts. (more...)
$5419: Bitcoin Price Goes Meteoric After Hitting All-Time High
- October 13, 2017

Most merchants that accept crypt coins as a mode of payment prefer Bitcoins over other cryptocurrencies. Bitcoin , the biggest and best-known cryptocurrency , has chalked up a more than fivefold increase in price this year. Majority of cryptocurrency transactions occur in the Bitcoin network. Professor of economics and public policy at Harvard University, Kenneth Rogoff, expects the price of Bitcoin to collapse. (more...)
Texas Tech University Identifies Police Officer Killed in Monday's Shooting Texas Tech University Identifies Police Officer Killed in Monday's Shooting
- October 12, 2017

The suspect admitted to officers that he was the one who shot East and said he did something "illogical". Texas passed a law a year ago allowing students with concealed carry permits to bring guns into university classrooms and buildings. (more...)
No clear answers to carnage in Las Vegas No clear answers to carnage in Las Vegas
- October 11, 2017

Paddock's life has remained somewhat of a mystery and most people who have interacted with him said nothing really stood out about him. "Before we were trained to form a perimeter and hope for the best", Lombardo said. Police said Paddock had killed himself. "And then you have the flashing lights", Newton said. "We want to figure out the why to this, and we'd like to know the motive", Lombardo said. (more...)
Sainz: early Renault call-up 'a big surprise'
- October 10, 2017

Additionally, competing in these last four races with Renault gives me a good opportunity to get to know the team and the vehicle earlier than expected. Toro Rosso said Kvyat had been recalled to the race seat for the United States race, but did not specify a plan for its line-up for the remainder of the season. (more...)
Project Loon balloons, from Google's Alphabet, to aid Puerto Rico Project Loon balloons, from Google's Alphabet, to aid Puerto Rico
- October 08, 2017

Ricardo Rossello in a Friday tweet . Mr Musk said he was diverting resources from a semi-truck project to fix Model 3 bottlenecks and "increase battery production for Puerto Rico & other affected areas". Last Thursday, the Project Loon team at Alphabet's X division noted to Mashable that they were "working hard with the Puerto Rican authorities to see if there's a way for us to use Loon balloons to bring some emergency connectivity to the island during this time of need". (more...)
Tesla Inc (TSLA) Offers To Rebuild Puerto Rico's Power Grid Tesla Inc (TSLA) Offers To Rebuild Puerto Rico's Power Grid
- October 07, 2017

As Musk says when talking about Puerto Rico, "there is no scalability limit, so it can be done for Puerto Rico too". The idea could come to fruition. Scot Miller, who leads General Motor's autonomous driving projects, is quoted in media reports suggesting that Musk's Tesla Model 3 is not as advanced as some people think. (more...)
Where Americans lost jobs: Restaurants and retailers Where Americans lost jobs: Restaurants and retailers
- October 07, 2017

That compares with an average gain of 172,000 jobs per month over the last 12 months. While jobs were lost , the unemployment rate dipped slightly to 4.2 percent as those listed as unemployed shrunk by 331,000. Hourly employees in the area who couldn't work and missed a paycheck would be counted as not working, thereby lowering the September job gain. In September, the pool of unemployed individuals was at 6.8 million . (more...)
Cheap solar energy the fastest growing new power source Cheap solar energy the fastest growing new power source
- October 06, 2017

Despite policy uncertainties at the federal level, the United States remains the second-largest growth market for renewable . The IEA report said China represents half of global solar photovoltaic demand, and Chinese companies manufacture around 60 percent of the world's panels. (more...)
Guns, loaded high-capacity magazines found in Vegas shooter's room Guns, loaded high-capacity magazines found in Vegas shooter's room
- October 06, 2017

Danley's statement came after she went to the Los Angeles offices of the Federal Bureau of Investigation (FBI) for questioning, according to a law enforcement official. Danley addressed claims Paddock had given her money so she would be out of the country during the shooting. "Currently, she's a person of interest", the sheriff said. (more...)
British retail giant Tesco makes a 'turnaround', reports a rise in profits British retail giant Tesco makes a 'turnaround', reports a rise in profits
- October 05, 2017

In recent days, Tesco has not been the favourite of many City analysts either, with Credit Suisse warning that it remains most at risk of the big four United Kingdom supermarkets from the continuing rise of discounters Aldi and Lidl, while Berenberg said that Tesco investment case hung on margin recovery in the United Kingdom business that looks challenging given the structural and competitive pressures in the market. (more...)
Ford to stake future on trucks and electrification Ford to stake future on trucks and electrification
- October 05, 2017

The automaker declared an objective of accomplishing 8 percent automotive operating margins and generating returns that exceed the expense of capital. United States automaker Ford Motor Co is overhauling its China plans as its global "One Ford" strategy is holding it back in the world's biggest auto market, two high-ranking company insiders told Reuters . (more...)
Marilyn Manson cancels Milwaukee performance after injury on stage in NY Marilyn Manson cancels Milwaukee performance after injury on stage in NY
- October 04, 2017

It was later announced the show was over due to injury , after he was rushed to hospital following the shocking incident. The night before he had a show in Pittsburgh, Pennsylvania where he explained that he was in pain. He explained: "Manson suffered an injury towards the end of an incredible NYC show". Manson bandmate Tyler Bates alluded to the fact that the singer would likely be missing some time in an Instagram post (seen below) this morning. (more...)
U.S. expels 15 Cuban diplomats U.S. expels 15 Cuban diplomats
- October 04, 2017

The State Department declined to comment on an expulsion plan, except to say that Secretary of State Rex Tillerson "continues to evaluate steps that the Department can take to ensure the Cuban government is accountable to its responsibility to protect diplomats". (more...)

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