Business

Business Bed Bath & Beyond Earnings Miss Street, Shares Down 12%
Author: 0 Bed Bath & Beyond Earnings Miss Street, Shares Down 12%

Bed Bath & Beyond Inc. Fmr Limited Liability, Massachusetts-based fund reported 12.87 million shares. First Quadrant L P CA bought a new stake in Bed Bath & Beyond in the 2nd quarter valued at about $141,000. cents a share, on sales of US$2.9bn, against a year ago's US$1.11 a share on revenue of US$2.99bn. Analysts had a consensus sales estimate of $3.01 billion for the quarter.

Business Kohl's will accept Amazon returns at 82 stores starting in October
Author: 0 Kohl's will accept Amazon returns at 82 stores starting in October

A couple of weeks ago, Amazon and Kohl's announced a new partnership, which added spaces in Kohl's stores dedicated to selling hardware like the Echo and Dot smart speakers, called the Amazon Smart Home Experience. And in its biggest brick-and-mortar move of all, Amazon bought Whole Foods this year for almost $14 billion. "The company has opened its own physical stores, Amazon Books, which sells best-selling books and Amazon devices".

Business Repairs for Navy Ships Damaged in Collisions Will Cost Taxpayers $600 Million
Author: 0 Repairs for Navy Ships Damaged in Collisions Will Cost Taxpayers $600 Million

Immediately after McCain's collision , Vice Admiral Joseph Aucoin who was a 3-star Admiral [VIDEO] and commander of the 7th Fleet, was sacked despite the fact that he was due to retire this month. Members of the committee were quick to pin some responsibility for the accidents on Congress, which has relied on stopgap spending measures for the past eight years, forcing the services to shift money from modernization and training accounts in order to fund current missions.

Business Retail sales for August smash expectations and boost pound
Author: 0 Retail sales for August smash expectations and boost pound

United Kingdom retail sales grew by 1% last month when compared to July, the Office for National Statistics said, topping the consensus forecast of a 0.2% gain. Kate Davies, senior statistician at the ONS, warned that strong price increases were still hitting shoppers across all stores. Sales will fall unless September sees an increase of 2.9%, a figure last exceeded at the end of 2013.

Business Toshiba picks Bain consortium as memory chip buyer in $22 billion deal
Author: 0 Toshiba picks Bain consortium as memory chip buyer in $22 billion deal

After a board meeting, Toshiba made the final decision to sell Toshiba Memory Corp to the consortium that it had signed a memorandum with last week to speed up talks on the sale. After struggling due to a financial crunch caused by its now-bankrupt USA nuclear arm Westinghouse Electric, the Japanese chipmaker put its memory chip unit up for sale early this year.

Business Thyssenkrupp, Tata seal European steel deal
Author: 0 Thyssenkrupp, Tata seal European steel deal

The tie-up will give both companies a "lasting future", according to Thyssenkrupp, although it will involve the loss of around 4,000 jobs to be shared between the two businesses. Roy Rickhuss, general secretary, said: "As a priority, we will be pressing Tata to demonstrate their long term commitment to steelmaking in the United Kingdom by confirming they will invest in the reline of Port Talbot's blast furnace number five".

Business BTS Becomes First Korean Artist To Enter Spotify's Global Top 50 Chart
Author: 0 BTS Becomes First Korean Artist To Enter Spotify's Global Top 50 Chart

LOVE YOURSELF: "Her" is available now on Spotify and Apple Music while you can check out the " DNA " music video below. The title track " DNA " landed at No. 8 spot on the chart in February. BTS , also known as Bangtan Boys or Beyond The Scene, are scheduled to hold their first performance of the new songs during an Mnet show to be broadcast live worldwide Thursday.

Author: 0 Regal Entertainment Group Class (NYSE:RGC) Trading Volume Significantly Higher

After $0.16 actual EPS reported by Regal Entertainment Group for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth. Hartford Financial Management Inc who had been investing in Regal Entertainment Group for a number of months, seems to be less bullish one the $2.58B market cap company.

Business Federal Reserve Expected to Hold US Interest Rates Steady
Author: 0 Federal Reserve Expected to Hold US Interest Rates Steady

To reduce the excess bonds, the plan is to halt buying more bonds until it reached the $3 trillion mark in the next few years. Fed Vice Chair Stan Fischer recently announced that he'll be leaving his post in mid-October for "personal reasons", and Chair Janet Yellen's first term ends early next year.

Business Fiat Chrysler recalls 443000 Ram pickups over fire concerns
Author: 0 Fiat Chrysler recalls 443000 Ram pickups over fire concerns

FCA discovered that some Ram vehicles with the 6.7-liter turbodiesel Cummins engine are equipped with a water pump bearing that could overheat and potentially lead to an engine fire. Customers are warned to consult their dealers immediately if they get a warning light in their instrument cluster. The company is not aware of any injuries associated with the issue, but has had reports of small fires occurring.

Business Equifax was also hacked in March, report
Author: 0 Equifax was also hacked in March, report

It subsequently brought the portal back online. A new report says Equifax knew about the hack in March, nearly five months before the date it publicly disclosed the hack. "Equifax's Security organization was aware of this (CVE-2017-5638) vulnerability at that time, and took efforts to identify and to patch any vulnerable systems in the company's IT infrastructure", Equifax stated.

Business Amazon baby registry notices sent to women -- and men -- who aren't pregnant
Author: 0 Amazon baby registry notices sent to women -- and men -- who aren't pregnant

But tech journalist Arik Hesseldahl noted in a tweet that the email appeared to come from Amazon itself and argued the email was more likely a result of human error than a hacking attempt. Or was it a phishing scheme, trying to trick Amazon customers into giving away their login credentials by getting them to click on a link in the weird email? Several customers said on Twitter they were anxious the email represented a phishing attack.

Business Global markets edge up ahead of Trump speech, Fed meeting
Author: 0 Global markets edge up ahead of Trump speech, Fed meeting

US stock index futures were higher on Monday, indicating a continuation of last week's winning streak, as investor appetite for riskier assets increased on easing tensions on the Korean peninsula and ahead of Federal Reserve's rate-setting meeting.

Business Taco Bell to get rid of drive-thru, add booze
Author: 0 Taco Bell to get rid of drive-thru, add booze

The restaurant wants to have a bigger impact in urban areas where millennial populations are exploding. These new locations will be selling beer, wine, sangria and new slushies called Twisted Freezes spiked with tequila, vodka and rum. The brand is planning to open several " cantinas " without that fast food flair by 2022 in big cities like New York, Nashville and Detroit over the next few years, focusing on urban areas.

Business Toys R Us lodges for insolvency ahead of holiday season
Author: 0 Toys R Us lodges for insolvency ahead of holiday season

As Toys " R " Us Canada continues to position itself for the future, the Company is also extending the successful customer-centric store format that opened in Langley, British Columbia in July 2017 to a new store in South Barrie, Ontario that will open in November 2017.

Business Equifax says 100000 Canadians likely affected by data breach
Author: 0 Equifax says 100000 Canadians likely affected by data breach

The credit reporting agency learned about the breach five months earlier in March, Bloomberg reported , citing three sources familiar with the hack, but in a statement, the company denied that the computer breaches were related . In Canada, the numbers are not almost as certain as Equifax has not publicly disclosed any estimate. Alongside the 143 million United States consumers whose data was stolen, 400,000 UK residents also had their data illegally accessed, Equifax confirmed.

Business Comcast Corporation 5.00% Notes (NYSE:CCV) Trading Down
Author: 0 Comcast Corporation 5.00% Notes (NYSE:CCV) Trading Down

It has outperformed by 12.26% the S&P500. Short interest decreased 477 over that period. 29,449 shares were sold by Parker P.W., worth $1.53 million. The SI to Rpc Incorporated's float is 43.85%. Oxbow Advisors LLC now owns 5,496 shares of the cable giant's stock worth $207,000 after buying an additional 403 shares during the last quarter. ValuEngine cut shares of Comcast Corporation from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd.

Business Equifax says March breach not related to major hack
Author: 0 Equifax says March breach not related to major hack

If it is shown that the executives sold stock knowing that either the March or July data breaches were likely to damage the company's reputation they could be charged with insider trading. Equifax Canada is providing additional information to Canadians that may be among certain consumers impacted by a cybersecurity incident announced last week by Equifax Inc .

Business Adidas passes Jordan brand as 2nd-most popular sneaker; Nike on top
Author: 0 Adidas passes Jordan brand as 2nd-most popular sneaker; Nike on top

In the first eight months of the year, Adidas controlled 11.3% of the US market share by dollars, up from 6.6% last year over the same eight months, reports ESPN . 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.

Business Chicago bids for Amazon's second headquarters
Author: 0 Chicago bids for Amazon's second headquarters

E-commerce behemoth Amazon is courting offers from cities across North America before picking a site for its second headquarters. The news was announced on September 13, just days after Amazon announced its intention to expand. If we maintain the moral high ground, focus on our area's natural advantages, and integrate the major major goals of the Lehigh Valley comprehensive plan, it will be a win we can live with.

Business Post Holdings purchases Bob Evans Farms
Author: 0 Post Holdings purchases Bob Evans Farms

Bob Evans' shareholders must still sign off on the deal. The company owns and operates restaurants, including Bob Evans Restaurants, Owens Family Restaurants, Bob Evans small-town Restaurants and Cantina Del Rio Mexican restaurants. On average, equities research analysts predict that Bob Evans Farms will post $2.19 EPS for the current fiscal year. ILLEGAL ACTIVITY WARNING: "Budros Ruhlin & Roe Inc".

Business Mobile, Sprint in Talks About a Merger
Author: 0 Mobile, Sprint in Talks About a Merger

The two corporations have reportedly agreed that Deutsche Telekom AG, which owns about 64 percent of T-Mobile, would place T-Mobile's executive team in charge of a combined company. However, it is also being noted that current T-Mobile CEO, John Legere would be running the company. Still in question is whether a merger would be approved by the Department of Justice.

Business JSE weakens as global markets falter ahead of US Federal Reserve meeting
Author: 0 JSE weakens as global markets falter ahead of US Federal Reserve meeting

It is widely expected that the central bank won't raise interest rates in the meeting, but investors are expecting the Fed to announce the unwinding of its 4.5-trillion-U.S. The U.N. Security Council has already imposed several rounds of sanctions on North Korea, but the USA ambassador to the United Nations, Nikki Haley , has said that most non-military options have all but been exhausted.

Business Walgreens Again Trims Deal for Rite Aid But Finally Gains Approval
Author: 0 Walgreens Again Trims Deal for Rite Aid But Finally Gains Approval

State Street Corp raised its position in Walgreens Boots Alliance by 1.8% in the first quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Walgreens Boots Alliance by 22.4% in the 1st quarter. The shift of the distribution centers to Walgreens won't begin for at least 12 months. The firm has a 50-day moving average price of $81.35 and a 200 day moving average price of $81.89.

Business Tesco Outperforms Rest Of 'Big Four' In UK: Kantar Worldpanel
Author: 0 Tesco Outperforms Rest Of 'Big Four' In UK: Kantar Worldpanel

In the 12 weeks to 9 September, Tesco saw the biggest rise in sales among the so-called "big four" supermarkets at 2.8%, followed by Morrisons at 1.7%, Sainsbury at 1.4% and Asda at 1%. British shoppers are increasingly turning to own-brand groceries to cut down on their expenses amid rising inflation, a new report has suggested. Over the last three months, consumer spend on supermarket's own-label products rose 5.5 per cent year-on-year, almost five times the growth in spend on ...

Business Dow Jones hits new record at open as Fed meet in focus
Author: 0 Dow Jones hits new record at open as Fed meet in focus

Increasing US bond yields pushed financial stocks, as interest rates tend to lift bank profits, but interest-sensitive sectors like utilities weakened. On September 18, it fell 0.2% to 10.15. The dollar was up 0.5 per cent against the Japanese currency at ¥111.38. Political uncertainty may have a part to play in the BOJ's thinking.

Author: 0 Dow, S&P 500 close at new records in NY

The subtle moves came after the Dow average DJIA, +0.28% notched its 40th record close of the year on Monday , while the S&P 500 index SPX, +0.15% ended at an all-time high for the 35th time in 2017. Analysts say stocks should continue to edge higher as long as data suggest growth in the USA economy remains solid but with few reasons for any big moves, as Q3 earnings season has not yet started and potential geopolitical risks loom on the horizon.

Business Asian Markets Steady As Investors Look To Fed, Nikkei Surges
Author: 0 Asian Markets Steady As Investors Look To Fed, Nikkei Surges

ASIA'S DAY: The Shanghai Composite Index gained 0.3 percent to 3,362.86 and Hong Kong's Hang Seng added 1.3 percent to 28,159.77. A relatively quiet North Korea and U.S. Wall Street's fear gauge-the CBOE Volatility Index or the VIX-fell 2.6 percent to 10.17 on Friday. "I think she (Yellen) will need a little more evidence on the inflation side over the next month or two to have some conviction about moving rates in December", Sanchez said.

Business 'Extremely dangerous' Hurricane Maria now a Category 5 storm
Author: 0 'Extremely dangerous' Hurricane Maria now a Category 5 storm

Forecasters also were tracking Category 1 Hurricane Jose, packing 75-mph (120-kph) winds and located about 250 miles (405 km) east of North Carolina, and stirring risky surf and rip currents to much of the U.S. The center earlier warned that "preparations to protect life and property should be rushed to completion" as the eye of the storm approached Dominica, eventually hitting at 0115 GMT.

Business Ryanair cancels 106 Portugal flights
Author: 0 Ryanair cancels 106 Portugal flights

We don't have enough pilots in September and October to allocate the leave". The move brought bad publicity for an airline which has worked hard over the past few years to improve a reputation for treating passengers badly. Test-Aankoop has now joined forces with consumer organisations in Italy, Spain, Italy and Portugal in issuing Ryanair with a notice of default. Mr O'Leary said: "If they're not satisfied with the alternative flights offered, they can have a full refund and they will ...

Business Some Auckland Flights Hit As Pipeline Repairs Continue
Author: 0 Some Auckland Flights Hit As Pipeline Repairs Continue

In this Friday, Sept. 15, 2017 photo, New Zealand Refinery staff work at the site of a jet fuel pipeline leak on a farm near Ruakaka in the North Island of New Zealand. It was stripped of its "world's longest" crown in February this year, when Qatar started a Doha to Auckland service which stays airborne mere minutes longer.

Business Mark Carney: Rate rise likely in
Author: 0 Mark Carney: Rate rise likely in "coming months"

As the United Kingdom government still seems to be in some disarray over its approach to Brexit negotiations this weighed heavily on Sterling, suggesting that the threat of a disorderly exit from the European Union remains a distinct possibility.

Author: 0 Maria strengthens into unsafe Category 4 hurricane

It's not yet clear what threat Maria poses to Florida or the USA coast, although a landfall looks unlikely. Mapp warned that hurricane-force winds were expected to howl across St. It was not expected to make landfall, but a tropical storm warning was in effect for coastal areas in Rhode Island and MA. Dominica is a small island with a population of almost 74,000 about halfway between Puerto Rico and Trinidad and Tobago, according to the CIA World Factbook.

Business Coca-Cola Company (The) (KO) Given Daily Media Impact Rating of 0.15
Author: 0 Coca-Cola Company (The) (KO) Given Daily Media Impact Rating of 0.15

The Coca-Cola Company (KO ) has an Analysts' Mean Recommendation of 2.5, according to data compiled by Finviz. The company has a market capitalization of $195.88 billion, a price-to-earnings ratio of 48.495 and a beta of 0.71. Additionally Coca-Cola Company (The) recently announced a dividend to be paid on Monday the 2nd of October 2017. Stockholders of record on Friday, September 15th will be issued a dividend of $0.37 per share.

Author: 0 Hurricane Maria grows to a Category 3, nears already battered Caribbean

Maria was about 410 miles (655 km) east-southeast of the Lesser Antilles islands with maximum sustained winds of 65 miles per hour at 8 a.m. EDT (1200 GMT), the NHC said. "In all the above areas, these rainfall amounts could cause life-threatening flash floods and mudslides", the NHC warned. Maria will continue moving west-northwest at about 9 miles per hour.

Author: 0 Putin, Macron agree 'negotiations' only way to defuse North Korea tensions

Under Kim's leadership, the country has now test flown two intercontinental ballistic missiles and carried out its most powerful nuclear test to date on September 3. The US ambassador to the United Nations , Nikki Haley, echoed McMaster's strong rhetoric, even as she said Washington's preferred resolution to the crisis is through diplomacy and sanctions.

Business US Treasury yields rise as markets await Fed meeting
Author: 0 US Treasury yields rise as markets await Fed meeting

One is this week. The result: Another rate hike in 2017 is no foregone conclusion. Faced with whether to reappoint Yellen, President Donald Trump must decide if he wants to stick with the status quo or side with a nominee who shares his view that deregulation is needed.

Business DOJ, SEC to Investigate Equifax Executives' Share Sales
Author: 0 DOJ, SEC to Investigate Equifax Executives' Share Sales

Investigators now seek to determine whether the Equifax executives knew of the data breach before they sold the stock. Equifax told Bloomberg the first hack was not related to the breach that exposed the personal data of its customers, but both incidents involve the same hackers.

Business Why Equifax credit monitoring may not be enough
Author: 0 Why Equifax credit monitoring may not be enough

The Equifax chief information officer and head of security will retire, effective immediately, the firm said Friday, as part of an "ongoing review of the cybersecurity incident" that resulted in the theft of personal data from 143 million U.S.

Business Mourinho hails free-scoring United in 'defensive' Premier League
Author: 0 Mourinho hails free-scoring United in 'defensive' Premier League

The game last Tuesday against Basel was special because it was the club's return to the Champions League. "We haven't lost at home for over a year, and if we can keep performing well - the players on the pitch, the fans in the stands - then I hope this run can continue for a lot longer." wrote Mourinho.

Business N. Korea: We'll speed up nuclear plans if more sanctions imposed
Author: 0 N. Korea: We'll speed up nuclear plans if more sanctions imposed

However, the tone towards the Communist side is becoming more sharp, with US Representative at the UN, Niki Hailey, saying on Sunday that diplomatic options before the United Nations are exhausted, and Japanese Prime Minister Shinzo Abe noted that North Korea is a threat to the United States and Europe.

Business Customer inquiries crash Florida utility's website and app
Author: 0 Customer inquiries crash Florida utility's website and app

Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. The company received the top ranking in the southern US among large electric providers, according to the J.D. Some of the casualties in Florida include the 51-year-old man named Brian Buwalda who was electrocuted due to a downed power line on Monday, a 50-year-old woman named Heidi Zehner who passed away after her sports-utility vehicle crashed into a guard rail near Orlando, as ...

Business Rite Aid Corporation (NYSE:RAD) Sees Unusual Trading Volume in Its Shares
Author: 0 Rite Aid Corporation (NYSE:RAD) Sees Unusual Trading Volume in Its Shares

It has underperformed by 8.81% the S&P500. Recently, investment analysts covering the stock have updated the mean rating to 3. OPHT's profit will be $154.92M for 0.15 P/E if the $4.31 EPS becomes a reality. The rating was downgraded by Mizuho to "Neutral" on Thursday, July 20. As per Wednesday, April 26, the company rating was downgraded by Guggenheim. As per Friday, November 13, the company rating was downgraded by JP Morgan.