Markets


Ruby Tuesday to shut 95 restaurants as sales slide Ruby Tuesday to shut 95 restaurants as sales slide
- August 13, 2016

The locations will completely cease operations by September 2016, the press release said. The Ruby Tuesday system includes 724 restaurants, 646 of which are company-owned. But the costs of the planned closures make up a large portion of the $43.8 million expense that reduced net earnings. The chain recorded a fourth-quarter net loss of $27.6 million; a year ago, it reported a net gain of $4.3 million during the same span. (more...)
United States retail sales unexpectedly flat in July
- August 13, 2016

It increased 0.9 percent in the 12 months through June. The July advance retail sales report revealed an overall unchanged m/m result, below market expectations for a +0.4 percent m/m reading, as compared to the revised +0.8 percent m/m reading that occurred in June (previous +0.6 percent m/m). (more...)
Emails Do Not Show Improper Influence From Clinton Foundation, State Department Says
- August 13, 2016

Former U.S. Secretary of State and first lady Hillary Clinton speaks at a press conference announcing a new initiative between the Clinton Foundation, United Nations Foundation and Bloomberg Philanthropies on December 15, 2014, in New York City. (more...)
Why Alibaba Earnings Are a Huge Win Why Alibaba Earnings Are a Huge Win
- August 13, 2016

Net income fell to 7.55bn yuan from 30.84bn yuan a year earlier due to a one off investment in its movie production company Alibaba Pictures. Streaming entertainment and cloud computing bolstered a resilient e-commerce business, driving revenue up 59 per cent in the June quarter, beating analyst estimates. (more...)
Delta cancels 680 flights, travelers describe chaos on concourses
- August 13, 2016

Delta CEO Ed Bastian said more cancellations and delays are likely on Wednesday "until we're fully reset". "Delta experienced a computer outage that has impacted flights scheduled for this morning", said Delta, the world's second largest airline measured by revenue passenger kilometers flown. (more...)
Oil Steady After Biggest Gain in Three Weeks on Fuel Supply Drop
- August 12, 2016

U.S. West Texas Intermediate (WTI) crude futures were trading at $40.69 per barrel, down 14 cents, and after hitting an intra-day high of $41.41 per barrel and rising 3.3 percent in the previous session. But crude inventories rose by 1.4 million barrels, compared with analysts' expectations for a decrease by as many barrels. On Monday, traders will get fresh guidance on the health of oil-market demand, when the Chinese government releases data on crude-oil imports for July. (more...)
Credit Agricole SA Reaffirms Credit Agricole SA Reaffirms "Outperform" Rating for The Walt Disney Co. (DIS)
- August 12, 2016

The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 0.6%. The 52 week high of shares in The Walt Disney Company is 120.65 while the 52 week low for the company's shares is 86.25. Analysts have consensus one year price target of $109.37. The Walt Disney Company has an annual performance rate of -8.15% *. Walt Disney Co closed down -0.08 points or -0.08% at $95.75 with 77,92,013 shares getting traded on Monday. (more...)
3000 is the magic number for baseball star Ichiro 3000 is the magic number for baseball star Ichiro
- August 12, 2016

Not only did Ichiro reach that mark in his rookie season (a rookie record 242) but he went on to breach the 200 mark for a unprecedented 10 years. Between 50 and 60 members of the Japanese media were following Ichiro from series to series hoping to be present when he reached his 3,000-hit. (more...)
Flowers Foods meets 2Q profit forecasts Flowers Foods meets 2Q profit forecasts
- August 12, 2016

The ratio fall, as 44 funds sold all Flowers Foods, Inc. shares owned while 84 reduced positions. The company has a market cap of $2.83 billion. However a year ago during same quarter Flowers Foods, Inc . The most bullish and bearish price target for the stock is $23 and $18 respectively for the short term. Russell Frank Co's holdings in Flowers Foods were worth $1,786,000 at the end of the most recent reporting period. (more...)
Time Warner Now Holds 10 Percent of Hulu
- August 12, 2016

Time Warner separately reported net income for the second quarter of United States dollars 952 million on revenues of USD 6.95 billion. Terms of Time Warner's Hulu deal initially were not disclosed. Time Warner said its networks will be available as part of Hulu's upcoming online TV service . It also offers movies and Hulu originals such as " The Mindy Project ", "Difficult People", "The Path", "11.22.63" and " Casual ". (more...)
Clinton warns of consequences from Trump remark Clinton warns of consequences from Trump remark
- August 12, 2016

Republican Party rules and state laws would make it hard at this juncture to replace Trump on ballots ahead of the November 8 election. "He shouldn't have said it", King said on MSNBC's "Morning Joe". Former Rep. Christopher Shays (R-Conn.) has abandoned Trump, too. . His campaign said: "Second Amendment people have awesome spirit and are tremendously unified, which gives them great political power". (more...)
Simone Biles wins her second gold medal
- August 12, 2016

Perhaps by beginning the conversation with talk about the best in history. Simone Biles won the women's all-around in a performance so dominant she beat her American teammate Aly Raisman by 2.1 points. "The fire alarm is going off, but we've got our gold medals!", a giggly Biles said. I love you so much best friend. Miller had 99.969 of Gutsu's, while Nelli Kim, who won silver in 1976, had 99.243 of Comaneci's. (more...)
United States stock indexes close at record highs United States stock indexes close at record highs
- August 12, 2016

In New York, the Dow Jones industrial average was ahead by 107.24 points to 18,602.90, the broader S&P 500 composite index gained 9.15 points to 2,184.64 and the Nasdaq composite added 18.53 points to 5,223.11. It edged up 0.1% from its previous high. Devon Energy added $1.99, or 5 percent, to $41.57, while Newfield Exploration gained $2.03, or 4.5 percent, to $47.40. (more...)
Clinton to release tax returns, pressuring Trump
- August 12, 2016

The Moody's analysis did say that Trump's policies would result in 3.4 million in job losses over the course of his potential presidency, reading in part: "The economic damage created by Mr. He has said he is unlikely to do so before the November 8 presidential election. Both Clinton and Trump are drawing the support of just over 10 percent of voters from the opposing party. (more...)
Macy's, Inc. Is Closing a Boatload of Stores (Again)
- August 12, 2016

Also on Thursday, the company reported second-quarter net sales of $5.87 billion, down slightly from $6.1 billion in the second quarter of 2015. "We chose to close a larger number of stores proactively so we can invest in a winning customer experience in our most productive and highest-potential locations, as well as invest in growth sooner and more aggressively in digital and mobile", added Gennette, who will take over as the CEO of the company in the first quarter of 2017. (more...)
Talks begin between Unifor and Detroit automakers Talks begin between Unifor and Detroit automakers
- August 12, 2016

Schwartz, a former GM negotiator, said the automaker could ask Unifor for similar terms reached with the union during a 2013 contract for its CAMI automotive plant in Ingersoll, Ontario. However, the Ford Flex - an aging crossover - is also made at Oakville. Four years ago, during talks, Dias said GM insisted the rumours about Camaro production moving to MI were just rumours, but thenOshawa lost the Camaro six months later. (more...)
Hospitals say most injured in Maryland fire were released
- August 12, 2016

The two persons who were killed in the 3-alarm fire have not yet been identified, their bodies spotted among the rubble when the firefighters had managed to cool down the blaze. Paul Carden, spokesman for the American Red Cross, says approximately 70 of the almost 100 displaced residents have reported to the emergency shelter that has been set up at the Long Branch Community Center on Piney Branch Rd. (more...)
Green swimming pools cause ripples, confusion at Rio Olympics Green swimming pools cause ripples, confusion at Rio Olympics
- August 12, 2016

The worldwide swimming body FINA said water tanks at the pool ran out of some chemicals used in the treatment process. It explained that the discoloration was caused by the pH level - or acidity level - of the water being "outside the usual range". (more...)
Tax implementation expected by April Tax implementation expected by April
- August 12, 2016

In a statement issued here on Thursday, BJP State Spokesperson said that it goes to the credit of BJP that it managed to take along all political parties of the country, due to which economic game changer Bill got unanimous approval in Rajya Sabha. (more...)
Wal-Mart to buy Jet.com for $3.3B Wal-Mart to buy Jet.com for $3.3B
- August 12, 2016

United States retail empire Walmart is expected to reveal today plans to buy Jet.com for $3bn, the largest USA e-commerce company acquisition in history. " Walmart .com could not only gain access to Jet.com talent but also take a competitor out of the market at the same time", Sodero explained. Since its launch, Jet's business has grown dramatically, adding more than 400,000 new customers every month and processing an average of 25,000 orders per day. (more...)

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