Markets


Perrigo slashes full-year forecast again, shares plunge Perrigo slashes full-year forecast again, shares plunge
- August 12, 2016

Perrigo's shares have halved since the company's stockholders rejected a $26 billion hostile bid from Netherlands-based Mylan NV (MYL.O) in November, raising concerns about the drugmaker's future as a standalone company. Street expectations are for EPS of $8.19. Having a look at the historical EPS report, the company attained $7.59 EPS for the previous year. The company market cap of 275.92M. (more...)
Ford adds STX trim level to 2017 F-150, Super Duty Ford adds STX trim level to 2017 F-150, Super Duty
- August 12, 2016

On the F-150, this package builds upon the base XL trim level. Like the F-150, the STX Appearance Package for the F-Series Super Duty (F-250 and F-350) pickups is built upon the base XL trim. It will boast a bright chrome grille and chrome step bumpers front and rear, and unique aluminum wheels with bright hub covers at all four corners, along with a steering wheel-mounted cruise control, AM/FM stereo with CD/MP3 player, and an "STX" badge on the front fender vent. (more...)
Rihanna to earn Michael Jackson video award at MTV VMAs Rihanna to earn Michael Jackson video award at MTV VMAs
- August 12, 2016

The Vanguard - MTV's lifetime achievement award - was given in 1984 to David Bowie, the Beattles and Richard Lester. Details about Rihanna's performance plans have yet to be revealed. Rihanna , who is nominated for Best Collaboration and Best Female Video in the VMAs, will also take the stage to perform. The Bajan beauty has previously won two Video Music Awards and sold more than 61 million albums, making her one of the best-selling artists of all time. (more...)
EU anti-trust watchdog probes planned Dow-DuPont merger
- August 12, 2016

Commissioner Margrethe Vestager is in charge of competition policy and said the livelihoods of farmers depend on access to both seeds and crop protection at competitive prices. "The transaction would take place in industries that are already globally concentrated". The mega deals have the potential to leave just a few global players that can offer a comprehensive range of products and services. (more...)
Russian Federation: 2 die in clashes in Crimea
- August 12, 2016

Ukraine, a non-permanent council member, requested an urgent, closed-door meeting to address tensions between the two countries, particularly after Ukraine put its military on alert Thursday and Russian Federation also planned to step up security in Crimea. (more...)
Secret video prompts Tyson to retrain chicken plant workers Secret video prompts Tyson to retrain chicken plant workers
- August 12, 2016

But ahead of the release of the latest video , Tyson said in a statement , "we believe we haven't gone far enough and must do more to stop this inexcusable behavior". "It is inhumane standing on his head and let them suffocate". Tyson is the largest chicken-processing company in the country. According to Tyson's statement about the video, the practice is meant to prevent male chickens from eating the feed of female chickens. (more...)
Man killed outside Ford plant near Kansas City Man killed outside Ford plant near Kansas City
- August 12, 2016

Earlier this morning, an employee at Ford's Kansas City Assembly Plant was shot and killed by an armed intruder in the parking lot outside of the facility. The suspect got away, but Akin says investigators have several leads. Almost 7,500 workers are employed at the 4.7 million-square-foot plant, according to Ford's website. (more...)
Hewlett Packard Enterprise to Buy Silicon Graphics for $275 Million Hewlett Packard Enterprise to Buy Silicon Graphics for $275 Million
- August 12, 2016

It might just be acquiring a lot of old legacy contracts for hardware and services as well. The growth in data analytics is even more, and the move will expand verticals in government, life sciences and in R&D efforts. Hewlett said the deal will be neutral to its earnings in the first full year following consummation, which is expected in Qof HPE's fiscal year, the September quarter. (more...)
Disney Plans ESPN OTT Streaming Service
- August 12, 2016

The two-part US$1 billion investment, which includes an option for Disney to become a majority stakeholder, provides what Macquarie analyst Tim Nollen considers a "commanding position" on future content ownership. They "are really focusing on that 1% gain on the cable business revenue", said Michael Ingram, a market analyst with BGC Partners, based in London. (more...)
Benzema to sit out Super Cup - Zidane
- August 12, 2016

The UEFA Super Cup is played out between the winners of the UEFA Champions League and UEFA Europa League . When you're looking to do something and you dream of it, you have to carry on fighting until the last second; and this has its rewards. (more...)
Madeira wildfires: Woman dies as flames reach Funchal
- August 12, 2016

A couple looks at the burnt ruins of the Choupana Hills hotel in the outskirts of Funchal , the capital of Portugal's Madeira island, Wednesday, Aug. The fire which has been raging for 3 days have killed four people, destroyed 40 homes including the five star hotel in Funchal and forced the evacaution of more than 1,000 people. (more...)
Kohl's profit up, sales down Kohl's profit up, sales down
- August 12, 2016

Excluding certain items, earnings rose to $1.22 a share from $1.07 a year ago. In Europe, the Stoxx 600 Index ended the day with a 0.8 per cent gain from the previous close, bolstered by better-than-expected earnings including from Belgium's KBC and Switzerland's Zurich Insurance. (more...)
Police find second bullet in equestrian centre Police find second bullet in equestrian centre
- August 12, 2016

Andrada said , again, the venue was not the target, and that it was a stray bullet from a nearby firefight. There have been two bullets, fired on different days, that have landed around the Rio Olympics Equestrian Centre . On Thursday, Andrada said a ballistics report showed the windows were hit by rocks. Rio officials said both police and the military have increased their presence and tactics in light of the incidents. (more...)
Tesla Buying SolarCity in All-Stock Deal Worth $2.6B
- August 12, 2016

There's also the matter of obtaining regulatory approval, approval from shareholders and other conditions required to secure the deal. The deal represents a marriage between two companies overseen by Elon Musk. Tesla representatives describe the deal as transforming itself into the world's only "integrated sustainable energy company". The blog post released by Tesla today announcing the agreement with SolarCity echoes many of those dreams laid out in Musk's updated master plan. (more...)
Seahawks ink deal with Texas A&M over '12th Man' Seahawks ink deal with Texas A&M over '12th Man'
- August 12, 2016

According to the Star-Telegram, the new five-year agreement announced Thursday specifies that the Seahawks may no longer use the phrase "12th Man" in social media posts by the team, and it may no longer be used on the team's Ring of Honor at CenturyLink Field. (more...)
Police grab man climbing Trump Tower in New York City
- August 11, 2016

Police took him to a hospital for a psychological evaluation, after which he would be arrested, Morris said. NY billionaire Donald Trump was outside the city on Wednesday, holding a rally in Virginia with another event planned later in Florida. (more...)
Asian Shares Slide on Slumping Oil Prices Asian Shares Slide on Slumping Oil Prices
- August 11, 2016

In 3.17pm trading in NY, the Dow Jones Industrial Average inched 0.07 percent lower. Seven of the 10 major S&P 500 indexes were higher, led by a 0.28 per cent rise in the materials sector. The CBOE volatility index, known as Wall Street's 'fear gauge, ' briefly fell to a one-year low of 11.02. Analysts have tempered their estimates for second-quarter net income at S&P 500 members to a 2.7 percent decline, from a 5.8 percent drop less than a month ago. (more...)
Was Donald Trump's comment a threat to Hillary Clinton's life? Was Donald Trump's comment a threat to Hillary Clinton's life?
- August 11, 2016

The ad concludes, "An out-of-touch hypocrite, she'd leave you defenseless". "If any other citizen had said this about a Presidential candidate, would the Secret Service be investigating?" "Give me a break", Trump said hours later, insisting he was referring to the power that voters hold. (more...)
Valeant Reports 2nd Quarter Loss
- August 11, 2016

The shares closed up almost 25 per cent to C$36.88 on heavy trading Tuesday on the Toronto Stock Exchange, despite reporting a US$302-million net loss for its second quarter - almost six times bigger than during the same period a year ago. We are also announcing a new strategic direction for Valeant today, which, at its heart has a mission to improve patients' lives, and will involve reorganizing our company and reporting segments. (more...)
The first private spaceflight company is cleared for a moon landing
- August 11, 2016

Joining a new trend of companies who are attempting to prepare for privately-owned space exploration, a Florida company has received approval from the USA federal government to launch into space and head to the moon. It was presented and agreed upon by the Federal Aviation Administration, the White House and the State Department that after much thought was approved. (more...)

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