Economy

Toys R Us plans to close 26 stores in the UK

Toys R Us plans to close 26 stores in the UK While at the time, the firm insisted that its United Kingdom stores were safe, the company is preparing to launch a company voluntary agreement (CVA) on 21 December to renegotiate its debts with its landlords, which will require the approval of 75% of its creditors. [Full Article...]

Shares of Dialog Plummet After Warning That Apple Might Make Chips

Shares of Dialog Plummet After Warning That Apple Might Make Chips Dialog Semiconductor slumped to the bottom of the Stoxx 600 on Monday morning after admitting that its biggest customer Apple could be about to design its own chips. He said the firm wouldn't know until February or March the commercial terms of Apple's business for 2019. The announcement compounded a blow last week when the Japanese newspaper Nikkei reported that Apple is considering ditchi... [Full Article...]

CME to launch bitcoin futures trading on December 18

CME to launch bitcoin futures trading on December 18 The regulatory process used is called self-certification. The deal with the Commodities and Futures Trading Commission agency also enables Cantor Exchange to offer bitcoin options, another type of derivative contract, which allows for trading without taking ownership of an underlying asset. [Full Article...]

Co-op sells food past best-before date to curb waste

Co-op sells food past best-before date to curb waste Food waste has become a major issue with the government estimating that around £16 billion worth of produce - equivalent to £700 for every United Kingdom household - is thrown away each year. Customers shopping at any of the 125 East of England Co-op stores in the United Kingdom will be able to buy a variety of out-of-date items for 10 pence. [Full Article...]

Cinnabon fuses cookie, cinnamon bun for new treat on National Cookie Day

Cinnabon fuses cookie, cinnamon bun for new treat on National Cookie Day Monday marks National Cookie Day, and one company is making sure to make this day much sweeter. Whole Foods may have the best cookie deal, but Cinnabon is leveraging National Cookie Day to do something just as exciting - introducing a new product. [Full Article...]

Trump Slams Verdict in Kate Steinle Death in Tweet

Trump Slams Verdict in Kate Steinle Death in Tweet In a statement after the verdict , Sessions said San Francisco officials´ 'decision to protect criminal aliens led to the preventable and heartbreaking death of Kate Steinle'. Garcia Zarate was released from prison in 2015 following a 46 month sentence for reentering the United States illegally. "There are a number of people that have commented on this case in the last couple of years — the att... [Full Article...]

GONE TOO SOON: many mourn the passing of pioneer Lowell Hawthorne

GONE TOO SOON: many mourn the passing of pioneer Lowell Hawthorne Pete Tee, who formerly worked for Golden Krust , described the Jamaican native as "a good boss , humble and a good businessman". " Lowell Hawthorne was a good friend, and was always ready to help my office whenever we needed him". Andrew, Jamaica. A high achiever who has done very well in his family business - to take it to another level and put it on sound footing in the Americas and diaspora,... [Full Article...]

Time To Sell Marathon Petro (NYSE:MPC)? Goldman Sachs Downgrades Shares Today

The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64. The Folger Nolan Fleming Douglas Capital Management Inc holds 122,783 shares with $9.52M value, down from 138,725 last quarter. Americafirst Capital Management LLC purchased a new stake in Marathon Petroleum during the 3rd quarter worth about $332,000. Wexford Capital Lp, a Connecticut-based fund rep... [Full Article...]

ProVise Management Group LLC Has $538000 Position in Twenty-First Century Fox, Inc

ProVise Management Group LLC Has $538000 Position in Twenty-First Century Fox, Inc Numeric Investors Lc holds 0.22% of its portfolio in Twenty-First Century Fox, Inc . (NASDAQ:FOX) has declined 4.35% since December 2, 2016 and is downtrending. Reports indicate that Disney and Comcast are still interested in acquiring key media assets belonging to 21 Century Fox despite concerns that the Trump administration is unlikely to give a nod to such a development given that the Justice ... [Full Article...]

Waffle House customer cooks his own meal when he finds staff sleeping

Waffle House customer cooks his own meal when he finds staff sleeping Stumbling upon a sleeping employee who "didn't wake up the entire time" Bowen was in the restaurant, the 36-year-old funnyman whipped himself up a "double Texas bacon cheesesteak melt with extra pickles", he told WTHR . "I was pretty inebriated", admitted Bowen. He said that while he was cooking, he noticed a Waffle House employee sleeping. He also said that after speaking with Bowen they found... [Full Article...]

Bank of America Corp (BAC) Stake Lessened by Trilogy Global Advisors LP

Dnb Asset As holds 0% or 4.87 million shares in its portfolio. Visa Inc. (NYSE:V) has risen 20.29% since December 2, 2016 and is uptrending. It has outperformed by 171.72% the S&P500. $22.12's average target is -26.58% below currents $30.13 stock price. The firm earned "Overweight" rating on Wednesday, November 1 by JP Morgan. The hedge fund run by James A. [Full Article...]

Job offers up this year at IIT-M

Job offers up this year at IIT-M Significant hiring was done by core engineering, IT/Software, Finance and Consulting sector companies. Additionally, public sector organisations such as Indian Space Research Organisation (ISRO) and Bharat Petroleum Corporation Limited (BPCL) selected 13 students, taking the total number of offers to 150 onDay 1. [Full Article...]

QUALCOMM Incorporated (QCOM) EVP Sells 7840 Shares of Stock

Institutional investors and hedge funds own 76.66% of the company's stock. The stock is now showing YTD performance of 1.75 Percent. About 4.80 million shares traded. Also Nasdaq.com published the news titled: "Anatomy of Success: ZAGG Inc". Among 36 analysts covering Qualcomm Inc. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve ha... [Full Article...]

Is Salil Parekh second-time lucky?

Is Salil Parekh second-time lucky? He has been with the company for 17 years and also a member of its executive committee. He has almost three decades of global experience in the IT industry and has a strong track record of executing business turnarounds. The company's previous Board blamed Murthy for Sikka's dramatic resignation. "He was the top choice from a pool of highly qualified candidates". The full-time CEO post has bee... [Full Article...]

Thompson Siegel & Walmsley LLC Decreases Position in Amazon.com, Inc

Thompson Siegel & Walmsley LLC Decreases Position in Amazon.com, Inc It has underperformed by 1.68% the S&P500. Benjamin F Edwards & Company Inc decreased Amazon Com Inc ( AMZN ) stake by 12.66% reported in 2017Q2 SEC filing. Creative Planning holds 0% or 12,068 shares. Tiger Eye Cap Ltd Llc stated it has 720 shares. Pacad Investment Limited stated it has 0% of its portfolio in Amedisys, Inc. [Full Article...]

Targeted Movers: CVS Health Corporation (CVS), Denbury Resources Inc. (DNR)

Targeted Movers: CVS Health Corporation (CVS), Denbury Resources Inc. (DNR) Starbucks Corp. now has $82.27 billion valuation. Canada Pension Plan Investment Board now owns 1,851,099 shares of the pharmacy operator's stock valued at $148,939,000 after purchasing an additional 876,027 shares during the last quarter. Macquarie Group Ltd. now owns 9,752,261 shares of the pharmacy operator's stock worth $765,534,000 after buying an additional 225,981 shares in the last quarter... [Full Article...]

Home Surveillance Video Shows Amazon Contractor Pooping In Gutter

Home Surveillance Video Shows Amazon Contractor Pooping In Gutter She delivered packages for Amazon then did the deed. The driver is seen in the video squatting outside the front passenger door of the delivery truck. In a statement to KCRA 3, Amazon spokesman Ernesto Apreza said, "This does not reflect the high standards we have for delivery service providers". [Full Article...]

OPEC, allies extend oil output cuts through 2018

OPEC, allies extend oil output cuts through 2018 Libya was also informed not to produce oil above one million barrel per day. Saudi Energy Minister Khalid al-Falih said it was premature to talk about exiting the cuts at least for a couple of quarters as the world was entering a season of low winter demand, stressing that OPEC would examine progress at its next regular meeting in June. [Full Article...]

American Airlines says it has pilots for holiday season flights

American Airlines says it has pilots for holiday season flights But the APA, for its part, has advised pilots not to take the open flights, saying the airline's solution violates the union contract. "We can assure our customers that among the many stresses of the season, worry about a canceled flight won't be one of them", the airline's statement adds. [Full Article...]

'Rexit': Is Tillerson on the way out as US Secretary of State?

'Rexit': Is Tillerson on the way out as US Secretary of State? Secretary of State Rex Tillerson is dismissing as "laughable" reports that the White House is trying to get rid of him. The officials said that Trump's inner circle broadly supports the plan. Hours after the story was published, CNN changed the angle from being focussed on Kelly to Trump's tweet . The news follows months of growing tension between Tillerson and the President. [Full Article...]


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