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Business

Bebe Stock Plunges On Report Of Store Closure Plans, Focus On Web

In addition to its store locations in the United States, Puerto Rico and Canada, bebe also distributes and sells bebe branded product in approximately 75 doors through its licensees in more than 21 countries. The shares fell as much as 31 percent to $4.42 after Bloomberg reported on the plan. Manny Mashouf was brought back to run the company. A spokesperson for Bluestar Alliance LLC, which inked a joint venture with Bebe past year, told just-style yesterday neither company is ...

Business

China, India led slowdown in coal power development, says report

The report says that the slowing of coal-plant construction brings the 2° C (3.6° F) temperature rise targeted as part of the Paris Agreement within the realms of possibility. Asia alone is expected to account for 70 to 80 percent of the global growth in coal-fired power capacity over the next two decades. The Indian go-slow was prompted, according to the authors, by the reluctance of banks to provide funds.

Business

USA may charge North Korea with orchestrating $81m Bangladesh Bank cyberheist

The attack had forced the studio to cancel the release of the satirical movie, "The Interview", which was based on a plot to assassinate North Korean leader Kim Jong Un. The branch of the US central bank rejected most of the requests but filled some of them, resulting in $81 million disappearing into casinos and other entities in the Philippines.

Business

Next sees first annual profit fall in eight years

Next has released its annual financial results, reporting the first drop in annual profits for eight years and confirming predictions of a hard period for the fashion retailer. The retailer confirmed that it had hiked prices by 4% on average for the first half of the current year. Looking ahead, Next said it remains "extremely cautious" as it looks to mitigate potential threats including price inflation as a result of Sterling's devaluation and weaker growth in real incomes in the wider ...

Business

Earnings Estimates Review: ConAgra Foods, Inc. (CAG)

The 52-week range of the share price is from $54.30 - $74.35. Jefferies Group LLC restated a "buy" rating and set a $43.00 price objective (down from $56.00) on shares of Conagra Brands in a research note on Wednesday, November 30th. Sharpe, Jr holds 164,616 (0.04% of shares outstanding). This represents a $0.80 annualized dividend and a dividend yield of 1.96%. On 12/15/2015 Conagra Brands announced a quarterly dividend of $0.25 2.45% with an ex dividend date of 1/27/2016 which will be ...

Business

Reports claim American Airlines is mulling stake in Chinese airline

In the months following the acquisition the Alaska Air Group had operated the two carriers as separate subsidiary airlines, with the ultimate goal of combining their forces to compete against bigger air rivals. Alaska has announced some new improvements for its entire fleet, as well, some of which would be rolled out as early as next year. According to the airline, new first class seating would be introduced to Virgin's fleet by Q4 2018.

Business

One-day cheque clearing to be introduced

However, it will be the second half of next year before all United Kingdom banks and building societies will be offering the faster service. Customers will pay them into their bank as usual but banks will swap images of the cheques instead of popping them in the post.

Business

Emirates claps back at electronics ban with cheeky in-flight entertainment ad

A USA rule banning laptops, tablets and other devices larger than a cellphone went into effect Tuesday morning, according to senior administration officials. Are you a business traveller who works on a flight? The electronics as hand luggage ban is particularly bothersome for business people and those who carry electronics professionally.

Business

Numis Securities Ltd Reiterates "Buy" Rating for Bellway plc (BWY)

Ocado Group Plc has 596,369,000 shares which are now outstanding with shareholders and have a price of 257.2 bringing Ocado Group Plc's market capitalisation to 1.53B GBP. The stock of RPC Group PLC (LON:RPC) earned "Outperform" rating by Credit Suisse on Friday, October 7. The shares were sold at an average price of GBX 2,125 ($26.24), for a total transaction of £83,895 ($103,612.45).

Business

Revenues up at Forest City-based Winnebago Industries

It also upped Spdr Nuveen Bloomberg Barclays stake by 113,818 shares and now owns 133,670 shares. Winnebago Industries's payout ratio is 22.35%. During the same period in the prior year, the company earned $0.35 EPS. Overall revenues for the second quarter of fiscal year 2017 were $370.5 million, an increase of 64 percent compared to last year's second quarter. Earnings, adjusted for non-recurring gains, were 46 cents per share.

Business

What Do Analysts Suggest For Whiting Petroleum Corp. (WLL)

This rating was issued on 12/16/16. Analyst recommendation for this stock stands at 2.40. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $-0.25 to $-0.12. Dimensional Fund Advisors LP increased its position in shares of Whiting Petroleum Corp by 65.2% in the fourth quarter. In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference ...

Business

Killer of former Russian MP now in hospital under police protection

Former Russian lawmaker of the State Duma Denis Voronenkov was shot dead in a firefight in Kiev, Ukraine, a senior law enforcement official Andrey Krishchenko said. He was reportedly murdered by an unidentified gunman at the entrance of an upmarket hotel in the Ukrainian capital. Yaroslav Trakalo added that the body guard of Voronenkov wounded the attacker.

Business

Easyjet introduces laptop ban on Egypt and Turkey flights

Although concerns about this possibility had existed since 2014, it wasn't believed that terrorists had been able to develop these devices beyond initial planning - until recently. No official start date for the ban has been set and the Government said it may take affected airlines a few days to implement the new security measures.

Business

Waitrose scraps 'free drink without purchase' offer

Middle England was in uproar yesterday after Waitrose announced that its hugely popular free coffee offer is to be restricted because some customers have been taking advantage of the deal. I enjoy glugging my coffee as I peruse the shelves. Another, Mike Cheese, said: "Watching people kick off about not getting free coffee at Waitrose is making me chuckle".

Business

Alaska will fold Virgin America brand within two years

The $2.6 billion merger resulted in a combined airline with almost 1,200 daily flights and 286 aircraft, making it the United States' fifth largest airline. According to the airline, new first class seating would be introduced to Virgin's fleet by Q4 2018. Alaska now pays the Virgin Group a royalty of 0.7 percent of the Virgin America unit's revenue for using the name.

Business

United Kingdom retail sales surge 1.4% in February

February retail sales grew by 3.7% compared with the same month a year ago, the Office for National Statistics said, and rose by 1.4% from January. The monthly growth in February is seen across all store types. The pound was also finding support from hawkish comments from Bank of England Deputy Governor Ben Broadbent, who told an audience at London's Imperial College that rate hikes were "quite possible".

Business

EU Leaders To Hold Summit On April 29 To Adopt Brexit Guidelines

The summit will endorse the final guidelines and mandate the EU's negotiator, Michel Barnier from the European Commission. Such an event could take place in Brussels in late April or very early May. The announcement came after May pushed through legislation to start the negotiations to start withdrawal - a process set in motion by voters in a June 23 referendum.

Business

Tesco scraps BEER and CIDER in Brexit bombshell

Late past year, Tesco took a stand against Unilever after it demanded a 10 per cent price rise due to Brexit. Factors for higher prices included the high duty rise, increased costs for bottles, packaging and fuel due to the pound's slump since the Brexit vote a year ago.

Business

Express Scripts Holding Company (NASDAQ:ESRX) Valuation According To Analysts

State Street Corp increased its position in shares of Express Scripts Holding Company by 2.2% in the fourth quarter. SRB Corp raised its stake in shares of Express Scripts Holding Company by 6.4% in the third quarter. Several analysts recently commented on the company. Wells Fargo & Co downgraded shares of Express Scripts Holding Company from a "market perform" rating to an "underperform" rating in a research report on Wednesday.

Business

(FNSR) Upgraded to Buy at Jefferies Group LLC

During the same quarter previous year, the company earned $0.25 earnings per share. Jefferies Group also issued estimates for Finisar's Q1 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.53 EPS and FY2019 earnings at $2.17 EPS. The Return on Assets stands at 7.1%, Return on Equity shows 10.5% and Return on Investment value is 3%. The High Revenue estimate is predicted as 377 Million, while the Low Revenue Estimate prediction stands at 369.17 Million.

Business

The Price of Oil Is Crashing Despite the Trump Bump

So even if the "reference basket" that OPEC used to craft the deal was based on exports , it doesn't look like Iraq's compliance is particularly noteworthy-it's just more hard to pin down exactly how noncompliant Iraq is. It's not hard to see why. ExxonMobil and Noble Energy picked up acreage in the fast-growing Permian region in multibillion-dollar deals in the first two months of this year.

Business

Wary RBNZ Leaves Rates On Hold

In today's statement, RBNZ Governor Graeme Wheeler said monetary policy across the globe will remain accommodating, with the exception of the United States, where interest rates have begun to rise. Core inflation has been low and stable. Quarterly growth was weaker than expected in the December quarter, but the RBNZ suspects that some of this is due to temporary factors and the growth outlook remains positive.

Business

PM Modi pulls up his MPs for absence in Parliament

Modi quipped, "I can not attend the Houses on your behalf". PRIME Minister Narendra Modi on Tuesday pulled up Bharatiya Janata Party (BJP) MPs for skipping Parliament proceedings following incidents of lack of quorum and even warned that he will keep a tab on them by calling any member any time during the session.

Business

This Craft Beer Made From Recycled Sewage Water Reportedly Tastes 'Fantastic'

The Pure Water San Diego program aims to supply one-third of San Diego's water supply through recycled wastewater. Even the San Diego Mayor, Kevin Faulconer praised the brewery's initiative saying that the brew was fantastic and also that "there was no better way to highlight the purity of this water!" Gonzalez told News 10 drinkers would "get some caramel notes, some tropical fruit notes".

Business

United Kingdom to follow USA flight ban on larger electronic devices

EasyJet has become the first United Kingdom airline to lay out how the United Kingdom government's new cabin baggage ban on devices will impact on customers. Arslan urged the U.S.to "not confuse Istanbul with other places", saying that Turkish authorities already take every possible security precaution. "People should continue to fly and comply with security procedures", he said.

Business

Sears, Kmart parent company warns of 'substantial doubt' about its survival

Since 2012, Sears' annual revenue has fallen 47 per cent to $22.1 billion, and the company has accumulated $10.54 billion in losses , including $2.22 billion in the year ended January 28. "The retail industry is just too competitive, the brand value of Sears has diminished dramatically, the seismic shifts in consumer spending both in terms of the move to e-commerce and to experiences don't bode well for Sears", said Ken Perkins, president of industry research firm Retail Metrics.

Business

Electric flights between London and Paris 'in a decade'

By cutting out the heavy cost of jet fuel, air travel costs could drop significantly. But the year-old company's plans rely on battery technology improving at a constant rate for the next decade, otherwise power and capacity limitations will hinder development of the plane.

Business

HPE to jointly build supercomputer for BASF on Intel platform

Tracking most recent quarter period, Price to book (P/B) ration is at 1.21 and Price to cash per share ration is at 2.98. Hewlett Packard Enterprise Company (NYSE:HPE) under comprehensive financial analysis presented as an active mover. The highest price target outlook for the stock is $27 and the minimum price target estimate is $20. The returns on assets were 4.00% that gives an idea about how efficient management is at using its assets to generate earnings.

Business

Fraudster cheats USA tech firms of more than US$100m

The bank accounts in question belonged to companies that Rimasauskas had himself set up and incorporated with the same name as an unspecified "Asian-based computer hardware manufacturer" with whom the victim companies were involved in legitimate business.

Business

House Freedom Caucus chairman says Obamacare replacement bill still short of votes

Freedom Caucus chairman Rep. Mark Meadows, R-NC, there that are still not enough GOP congressman on board to pass that bill in a full House vote on Thursday, despite White House heavily lobbying caucus members. By the way, as I write this, the New York Times whip count has 27 House Republicans planning to vote no on the bill, a fatal number unless Ryan can scrounge up a few Democrats, which is unlikely.

Business

Transgender athlete crushes female competition in Australian weightlifting event

This gives her a distinct advantage over the female athletes in her field and undermines their accomplishments. "If I was in that category I wouldn't feel like I was in an equal situation", two-time Olympian Deborah Acason, who competes at the 75-kilogram level, told New Zealand news site Stuff .

Business

Nvidia GTX 1080 Ti Overclocked To 3 GHz Using Liquid Nitrogen

Dont forget though guys, you dont need to be using LN2 to overclock your GTX 1080ti, it has already been shown that air and water coolers are also able to show some good performance when it comes to overclocking. At 3GHz, the card's pixel fillrate jumped to 229.3 GPixel/s and its texture fillrate hit 583.7 GTexel/s. Of course, such a heavy clock would eventually make the card consume a lot more power than usual - although, an 80 Plus power supply was more than enough to do the trick.

Business

Raptors' Serge Ibaka's Explanation For Fight Vs. Bulls' Robin Lopez Is Understandable

Both players were ejected from the game but thankful for the Raptors the 11-game streak came to an end after a 122-120 overtime victory with DeMar DeRozan hitting 42 points. "I know basketball is sometimes physical, we can talk trash, push each other, but punching like that, there's no room because I want to play basketball, I don't want to get suspended".

Business

Windy today, cold tonight for Midstate

Overnight lows will range from 8 to 18 degrees. Mostly clear skies are predicted for tonight , with a low around 12. Look for lows in the upper 40s to around 50°. While highs are expected to be in the lower 70s Saturday , we will continue to watch an incoming system to the west. More rain is likely Tuesday night, but it should end early Wednesday morning as the coastal storm lifts away to the north of CT.

Business

Porsche Makes Over $17000 In Profit On Every Car It Sells

To put it simply, every time the company sells a 911 sports auto or one of its Cayenne SUVs. Porsche claimed that 2016 was the most successful year it's had in its 86-year history, setting new records for the number of cars it's sold, the amount of revenue it's made and the amount of people it employs.


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