Economy

Toys R Us lodges for insolvency ahead of holiday season

Toys R Us lodges for insolvency ahead of holiday season The company said its 1,600 Toys "R" Us and Babies "R" Us locations would operate "as usual", and that it would work with its investors to address roughly $5 billion in debt. For Toys R Us, that might be game demonstrations or hosting birthday parties. More than a dozen significant retail chains have filed for bankruptcy this year. [Full Article...]

After Equifax breach, consumers show new interest in credit monitoring

After Equifax breach, consumers show new interest in credit monitoring The breach may have compromised personal information from as many as 143 million Americans. The two senators, Republican Bill Cassidy and Democrat Sherrod Brown, said they were concerned that personal information maintained by the Social Security Administration may also be at risk because the agency worked with Equifax to build its E-Authentication security platform. [Full Article...]

Equifax Hacked Months Before Major Breach

Equifax Hacked Months Before Major Breach Equifax shares were fractionally lower Monday afternoon, but they are down over 35% since the security breach which exposed the information of some 143 million us consumers was revealed . The costs are set by state law and vary. Last week, the company said up to 400,000 people in the United Kingdom may had personal information compromised too. [Full Article...]

Adidas Overtakes Jordan Brand as Second Most Popular Sneaker

Adidas Overtakes Jordan Brand as Second Most Popular Sneaker Reports said that from January through August, Adidas nabbed 11.3 percent of the USA market share, up from the 6.6 percent the brand had past year. The bank wrote that many Nike products have gone on sale in stores this quarter, and it cites poor performances from Finish Line and Foot Locker , which both sell a large quantity of Nike merchandise. [Full Article...]

Why Nabriva Shares Are Doubling

Why Nabriva Shares Are Doubling Analysts at SunTrust Banks, Cantor Fitzgerald, and HC Wainwright all recently reiterated their buy rating on the shares and issued price targets ranging from $16 to $24. EPS breaks down the profitability of the company on a single share basis. The stock grabbed 3 new institutional investments totaling 74,522 shares while 5 institutional investors sold out their entire positions totaling 40,259 sha... [Full Article...]

Gary makes 'far-fetched' bid for Amazon's second headquarters

Gary makes 'far-fetched' bid for Amazon's second headquarters The Old Main Post Office is one of several sites that will be pitched Tuesday to house the new Amazon headquarters. "This will allow us to take individual ideas - from property owners and developers, tech and business leaders, elected officials and community organizations - and produce the strongest possible proposal", said Anthony Hogrebe, an EDC spokesman. [Full Article...]

Bob Evans Farms Inc

Bob Evans Farms Inc The value of the company's investment in Bob Evans Farms, Inc . went from $45,000 to $84,000 increasing 86.7% for the reporting period. The Company operates through BEF Foods segment. If you are accessing this article on another publication, it was copied illegally and republished in violation of worldwide trademark and copyright law. [Full Article...]

Mobile and Sprint are in active talks about a merger

Mobile and Sprint are in active talks about a merger CNBC reported that the pair have begun active discussions. People close to the situation stress that negotiators are still weeks away from finalizing a deal and believe the chances of reaching an agreement are not assured. Since then, T-Mobile has overtaken Sprint in market capitalization - the company is valued at about $51 billion, while Sprint has a market value of about $30 billion. [Full Article...]

Supermarkets enjoy best performance in more than four years

Supermarkets enjoy best performance in more than four years Prices are rising fastest in markets such as butter, fish and cola, according to Kantar, with all major categories now registering inflation. Lidl is fastest growing retailer in the study - a sales increase of 19.2% has taken its market share to a record high of 5.3%, up 0.7 percentage points on a year ago. [Full Article...]

Woman complains Hobby Lobby's raw cotton decor is racially insensitive

Woman complains Hobby Lobby's raw cotton decor is racially insensitive Rider takes issue with raw cotton, a commodity gained largely at the expense of black slaves, being used as a decoration. Rider's post has received more than 90,000 reactions, been shared nearly 20,000 times and had more than 200,000 comments many of which criticized Rider. [Full Article...]

Today Analysts Focus on EdR (EDR), Walgreens Boots Alliance, Inc. (WBA)

Today Analysts Focus on EdR (EDR), Walgreens Boots Alliance, Inc. (WBA) The overall volume in the last trading session was 1.11 million shares. Finally, Thompson Investment Management Inc. boosted its position in Walgreens Boots Alliance by 1.1% in the second quarter. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that WBA is a Strong buy, which implies that WBA is expected to outperform th... [Full Article...]

United States stocks open higher; Dow, S&P 500 hit records

United States stocks open higher; Dow, S&P 500 hit records The Dow Jones Industrial Average rose 63.01 points, or 0.28 percent, to close at 22,331.35 points, the S&P 500 index ended up 3.64 points or 0.15 percent to 2,503.87 points, and the Nasdaq composite added 6.17 points or 0.1 percent to close at 6,454.64 points. [Full Article...]

United States stocks aim for fresh records as Fed meeting steals focus

United States stocks aim for fresh records as Fed meeting steals focus The Nasdaq Composite Index added 11 points to 6,458, a rise of 0.1%. Follow Fin24 on Twitter , Facebook , Google + and Pinterest .24.com encourages commentary submitted via MyNews24. However, the biggest determinant (a December rate hike) will be how the equity and bond markets react to the reduction of Fed's bond portfolio, said Frederick. [Full Article...]

At midday: Fresh records on Wall Street

At midday: Fresh records on Wall Street On Friday, the benchmark S&P 500 index closed at a record high, hitting the 2,500 level for the first time. The Nasdaq composite added 0.3 percent to 6,448.47. The pan-European FTSEurofirst 300 index was up 0.3 percent. United States economists have been flummoxed by persistently weak inflation this year but consumer prices jumped 0.4% in August, helping push the market odds of a December rate... [Full Article...]

When can we know if 'potentially catastrophic' Hurricane Maria will reach Carolinas?

When can we know if 'potentially catastrophic' Hurricane Maria will reach Carolinas? Beach erosion will be possible, and unsafe rip currents will continue to be a concern down the shore. The water is expected to reach the following heights above ground if the peak surge occurs at the time of high tide... "Maria is likely to affect Puerto Rico as an extremely risky major hurricane ", the National Hurricane Center stated Monday. Just over a day earlier it had been a tropical... [Full Article...]

Shannon services unaffected by Ryanair flight grounding

Shannon services unaffected by Ryanair flight grounding It said on its website that up to 50 flights per day, equivalent to 2%, had been cancelled over a six-week period. In a press conference this Monday, Ryanair boss Michael O'Leary apologised to customers effected as he released details of the "lines" that would be cancelled. [Full Article...]

The Coca-Cola Company (KO)

The Coca-Cola Company (KO) Analysts expect next quarter's EPS will be $0.39 with next year's EPS projected to be $1.98. The Mean Recommendation is the average rating on a stock by the analyst community. These ratios are important while doing valuation of the company or the shares of the company. Visionary Asset Management has an ownership of 69,637 company stock worth at $2,955,000 following purchasing an extra 4,971 stocks... [Full Article...]

Sterling slides as BoE's Carney signals limited, gradual rate hikes

Sterling slides as BoE's Carney signals limited, gradual rate hikes HSBC said that they expect rates to be raised by 25 points, possibly starting from November this year, going up to 0.75 per cent. The following day, policymaker Gertjan Vlieghe largely echoed that message in a move seen as significant because he has been regarded as one of the most dovish members of the rate-setting monetary policy committee. [Full Article...]

Lukaku claims gestures towards Everton fans were 'just banter'

Lukaku claims gestures towards Everton fans were 'just banter' The scoreline seemed harsh but Koeman's men have not won in six games in all competitions, losing their last four without scoring and conceding 12 goals in the process. " Everton are going to be fine but they are living a hard moment", the Portuguese said after the game. I'm not happy how we've started the season but please be a bit realistic. [Full Article...]

Equifax suffered hack months earlier than the date it disclosed

Equifax suffered hack months earlier than the date it disclosed One source, however, told Bloomberg that same hackers are behind both breaches. Equifax brought in FireEye-owned Mandiant to help investigate the first event, which came to light in March, and did the same thing after it discovered the hack on July 29, Bloomberg reported. [Full Article...]


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