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Michael Kors comparable sales fall more than expected

Michael Kors Holdings Limited had a return on equity of 42.50% and a net margin of 16.94%. In front of third-quarter earnings release on Tuesday, Feb 07, 2017, 26 analysts are forecasting profits of $1.63 per share, with views ranging from an ultra-tight $1.57 to $1.75.

Business

Govt sells 2% SUUTI stake in ITC; FY17 divestment goal in sight

SUUTI was created in 2003 after the bifurcation of erstwhile Unit Trust of India (UTI) with the government taking over all the guaranteed return schemes under SUUTI and the regular mutual fund schemes were transferred to what is now UTI Mutual Fund.

Business

Hyundai Reunites Deployed Soldiers With Families In Live Super Bowl Ad

But the shocker at the end and shown live just after the game was when it was revealed that-in a twist on the classic soldier-surprises-family-their loved ones were in the suite to surprise them. It was all part of what Hyundai called Operation Better. The automaker ran a 90-second commercial following the championship game showing three soldiers from the 4th Infantry Division stationed in Zagan, Poland, walking into video booths created to mimic the experience of attending the Super Bowl .

Business

United States 2016 trade deficit highest in four years

The median forecast in a Bloomberg survey of economists called for a deficit of $45 billion. The strongest monthly gain in exports in four years probably stemmed from more stable demand in overseas markets. France's current account deficit fell to Euro 1.1 billion in December from Euro 2.8 billion in the previous month. Net exports subtracted 1.7 percentage points from fourth-quarter GDP, the most since the second quarter of 2010, figures showed last month.

Business

Another Conversation We Need To Have About 84 Lumber's Super Bowl Ad

The mother breaks down into tears, and the daughter pulls out a handmade USA flag she's been crafting during their journey. The company directed viewers to its website to view the conclusion of the story. But officials from the company will not say whether it took a stand one way or the other. Mr. Radick said everyone on the 84 Lumber and Brunner team felt strongly about the message of equal opportunity for everyone and the power of hard work and determination.

Business

Shiv Sena to use Hardik Patel against BJP in Gujarat

Hardik, sitting beside Uddhav and Yuva Sena chief Aaditya Thackeray, said Shiv Sena already helps people and does not need his help. "I demand fear-free government", he said. Hardik's arrival in Mumbai has shocked BJP Mumbai who is preparing to go against Shiv Sena which was its alliance partner in BMC for 20 years.

Business

Dividend Stock Watch List: Wal-Mart Stores, Inc. (WMT)

Asda, which has 630 locations across the United Kingdom, saw its market share drop 0.6 percentage points to 15.6%. The companys revenue was up.5% compared to the same quarter previous year. RHI attains analyst recommendation of 2.80 with week's performance of 4.63%. Wal-Mart Stores Inc. (NYSE:WMT) jumped 0.12 percent over the past one year, while it declined -3.79 percent year to date (YTD).

Business

Morning commute on SEPTA's Market-Frankford Line was no worse than usual

Other cars used on the line have also been pulled from service after inspectors saw indications of similar cracks, though other cars used on the line have been inspected and cleared for service. On Monday morning, SEPTA operated the line about 30 to 40 cars short of that number. "I expected it to be bad, but it isn't". Andrew Busch, a spokesman for SEPTA, told Metro that it's unclear how long these cars will remain out of service.

Business

What Is Barack Obama Doing Now? Kitesurfing With Richard Branson, Obviously

We've loved seeing so many different sides of Barack Obama emerge post-presidency - from vacationing at a sleek Coachella Valley property to wearing the most chill-bro, backwards-baseball hat imaginable. The two would then see who could surf the longest on their respective watercraft. Branson didn't hold a grudge, particularly after noting a story Obama told him about being informed, right after he became president eight years ago, that he would not be allowed to surf while in office.

Business

Rain and gusty winds forecasted early in the week

Forecasters anticipate soggy conditions once again Friday and Saturday. Gusty winds will make mountain driving hard, especially in high- profile vehicles, with major roadways affected likely to include Interstate 5 and state Routes 2, 14, 33 and 39, according to the NWS.

Business

Alibaba opens first Australia office in Melbourne, strengthens ties with AusPost

Pundits who have followed Ma were not sold on his pitch, according to them, Ma is a great PR man, and he knows a good opportunity when he sees it. "International expansion can be daunting for many businesses, particularly small and medium sized enterprises".

Business

GM earnings fall; North American vehicle sales strong

Revenue for the quarter was $43.9 billion, also beating estimates of $40.3 billion. ( GM ) on Tuesday reported a almost 71 percent fall in profit for the fourth quarter from past year, when results were boosted by a hefty gain. UAW workers receive about $1,000 in profit sharing for every $1 billion in profit, according to a formula adopted as part of contract negotiations in 2011.

Business

Polar Plungers Get "Silly and Chilly" in Russellville for Special Olympics

The Polar Plunge was held on Muskegon at the Hartshorn Marina, while the pre-plunge registration period and the After Splash Bash were hosted by Fricano's Muskegon Lake in Fricano Place. The plunge is a fundraiser for Special Olympics Vermont. Special Olympics Nevada's South Lake Tahoe Polar Plunge is sponsored by Aerotek, Coca-Cola, Greater Nevada Credit Union, Law Enforcement Torch Run®, MontBleu Resort Casino & Spa and TEKsystems.

Business

Global News to live stream Andrea Giesbrecht verdict Monday

Storage company staff found the bodies in her locker after she fell behind on payments. "There is no evidence of complications in these pregnancies", provincial court Judge Murray Thompson said during the Monday ruling, noting that he was convinced the accused was the mother of all six infants - five males and one female.

Business

International Monetary Fund board split over how to manage Greek recovery

And Greece will meet the IMF's target by reporting primary annual budget surpluses - which do not include interest payments - equal to 1.5 percent of economic output. IMF Managing Director Christine Lagarde and other senior officials have argued that a Greek fiscal surplus target of 3.5 percent of GDP is too ambitious and massive debt relief or further austerity measures, which would hurt growth.

Business

BP Profit Misses Estimates as Oil's Rally Hurts Refining

Oil giant BP (LON:BP) reported a lower-than-expected set of figures for the fourth quarter, disappointing investors and sending shares lower. BP's adjusted downstream profit before interest and tax, which includes refining and trading, fell 28 percent in the quarter to $877 million, the company said in a statement.

Business

United Kingdom retail sales 'flat in January'

One of the highlights of the report was that consumers had cut down spending on non-essential items while continued to spend on food. The sector fared badly in comparison to the strong start previous year, when LFL sales increased 2.6% and total sales 3.3%, while total sales were well below the 3-month average of 1.1% and the 12-month average of 0.9%.

Business

Lady Gaga and 300 drones rock Super Bowl 2017 halftime show

In many ways, the Grammy and Golden Gloves winning Stefani Germanotta AKA Gaga kept her word of earlier this week when teasing out what tonight's performance would be all about. As she sat down demurely at her keyboard she greeted the crowd, shook back her flaxen hair and said, "Hi Mom". There's also a sweet moment where Gaga FaceTimes with her Grandma Ronnie - who can be heard telling her granddaughter, "You look so lovely".

Business

Research Report for: Comcast Corporation (NASDAQ:CMCSA)

Janus Capital Management LLC now owns 22,476,251 shares of the cable giant's stock worth $1,465,205,000 after buying an additional 4,708,325 shares during the period. The Stock had a 1.17 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.16 and 1.24 respectively.

Business

Stock's Earning Overview: General Motors Company (NYSE:GM)

ARGI Investment Services LLC's holdings in Ford Motor Company were worth $1,524,000 as of its most recent filing with the SEC. A year ago the company's sales were $35.26B. If you are reading this piece of content on another website, it was illegally copied and republished in violation of USA & worldwide copyright and trademark law.

Business

Amazon 'hunting for high street sites in London'

The bottom floor, meanwhile, would be dedicated to allowing customers to shop for thousands of items that we traditionally prefer to touch and see before we buy such as vegetables, meat, and dairy as well as other more grab-and-go items. In December, the tech firm registered a United Kingdom trademark for the Amazon Go stores. The primary goal behind the creation of a future store by automating daily operations of a departmental store is to cut down on labor costs.

Business

HYS: Who was Man United's Man of the Match vs. Leicester?

It can allow some wondrous pieces of play, as was so regularly seen against Leicester, with the fluent runs of Mkhitaryan and the touches of Ibrahimovic. "It looks like this season, to be phenomenal defensively and be good at counter attack is art, so it's a big change in England". Ibrahimovic, 35, took his United goal tally to 20 with his first-half strike at the King Power Stadium , becoming the oldest player to hit 15 Premier League goals in a season.

Business

UP Elections 2017: Amit Shah attacks Rahul and Akhilesh, calls them Shehzade

More than 76 percent of the 20 million eligible voters in Punjab and Goa turned out to cast their ballots to elect a total of 157 legislators, the Election Commission of India said. "Those, who had promised "Achchhe din", made the nation stand in queues", he said further describing how he helped those families which lost their dear ones while standing in the queues.

Business

Suspected ISI agent arrested in Nepal over Kanpur train tracks sabotage

Earlier, Motihari Police in Bihar had arrested three people who claimed responsibility for planting IED's on railway tracks. The police have brought Huda and three other accused criminals to Nepal from Dubai in coordination with the Interpol, Upadhyaya told PTI.

Business

Scott Morrison is forcing foreign owners to sell another 15 Australian properties

Foreign nationals who illegally held Australian property would be identified and their illegal holdings relinquished as part of the forced sale of around $100 million worth of property. Close to 600 foreign nationals were found to have breached rules, which had resulted in self-disposals and forced sales. "We're trying to ensure, I think with some success, that our foreign investment rules are enforced on every occasion and to those who think they can then creep in and snatch away some ...

Business

RBA holds cash rate steady

In May, the rates were cut down to 1.75 percent. Growth will be boosted by further increases in resource exports and by the period of declining mining investment coming to an end. "The Australian economy continues to exhibit a number of both cyclical and structural challenges mainly related to the labour market and so the non-consensus case for further official rate cuts bears close monitoring", an ME spokesperson said.

Business

Court of Appeals to hear challenge to Trump's ban Tuesday

The Trump administration filed an emergency motion with the Ninth Circuit Court of Appeals saying that suspending the ban was causing "irreparable harm" to the American public. "We were booked to travel next week but chose to bring it forward after we heard", said a Yemeni woman, recently married to a USA citizen, who boarded a plane from Cairo to Turkey on Sunday to connect with a US-bound flight.

Business

Chipotle Mexican Grill, Inc. (CMG) Raised to Hold at Vetr Inc

Concannon Wealth Management LLC now owns 556 shares of the company's stock valued at $235,000 after buying an additional 6 shares in the last quarter. The business's quarterly revenue was up 3.7% on a year-over-year basis. The most bullish, or aggressive analyst target pins the projected price at $547, while the most bearish, or conservative analyst sees the stock reaching $215.

Business

Patriots DC Matt Patricia Rocks Tee Literally Clowning Roger Goodell

But Patriots defensive coordinator Matt Patricia made quite a amusing statement when he flew home from Super Bowl LI. Goodell, perhaps the most hated man in New England as a result of Deflategate, suffered through several awkward encounters with different members of the Patriots after the Super Bowl ended.

Business

Randgold Q4 Profit Rises; Recommends To Increase Dividend

Gold miner Randgold Resources says it is proposing lifting its dividend 52 percent. Profit attributable to owners of the parent increased to $78.52 million or $0.83 per share from $44.53 million or $0.47 per share, from past year. The company has a 50 day moving average of 6283.24 and a 200 day moving average of 7160.21. COPYRIGHT VIOLATION WARNING: "Canaccord Genuity Reaffirms Hold Rating for Randgold Resources Limited (RRS)" was published by The Cerbat Gem and is the property of of The ...

Business

European Central Bank president rejects Washington's accusation of currency manipulating

Draghi's comments follow a war of words that developed last week after Trump adviser Peter Navarro took aim at Germany for using a "grossly undervalued" euro to its advantage against other nations in the European Union and against the United States .

Business

Drilling Down Into Twenty-First Century Fox, Inc. (FOXA)

The stock's current distance from 20-Day Simple Moving Average (SMA20) is 3.57% where SMA50 and SMA200 are 8.3% and 15.03% respectively. Based on the most recent available data, the equity is -30.98% off of its 52-week high of $16.40 and +17.67% away from its 52-week low which is $9.62.

Business

Uber hires NASA engineer to develop flying auto

Moore is taking on a new role as director of engineering for aviation at the ride-hailing company, working on a flying auto initiative known as Uber Elevate. After reading the white paper, Google co-founder Larry Page secretly started and financed two Silicon Valley startups, Zee Aero and Kitty Hawk, to develop the technology, Bloomberg Businessweek reported last summer.

Business

Hasbro's girl power helped 2016 sales top US$5 billion

In fact, full-year revenue increased by 13% to to a record-breaking US$5.02 billion. Net income attributable to Hasbro rose to $192.73-million, or $1.52 per share, in the quarter, from $175.76-million, or $1.39 per share, a year earlier.

Business

#BoycottBudweiser: Twitter clash over beer company's Super Bowl migration ad

The ad , which aired during the Super Bowl but debuted on YouTube on January 31, depicts the cold welcome Busch received upon his arrival to the US, with one man growling at the young Busch, "You're not welcome here". "It's an idea we've been developing along with our creative agency for almost a year", a spokesperson told the Washington Post on February 1. Some are even threatening to boycott the company, trying to get #BoycuttBud trending on Twitter .


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