Markets


Kohl's quarterly profit beats estimates; shares rise Kohl's quarterly profit beats estimates; shares rise
- August 14, 2016

Leonard Green Partners Lp holds 10.03% of its portfolio in Kohl's Corporation for 2.60 million shares. The company has a market cap of $8.09B and now has 183M shares outstanding. Analyst consensus had an EPS estimate of $1.03 and revenues of $4.16 billion. The board of directors declared a quarterly cash dividend on the common stock of $0.50 per share. (more...)
Macy's closing 15 percent of its stores across nation Macy's closing 15 percent of its stores across nation
- August 14, 2016

Speaking further Macy's disclosed that, they would be total concentration on financial firepower and talent on its performing locations. The iconic retailer didn't give actual information on the stores and location that will be closed down, but he was sure that 10%of the Macy's stores would be closed by early next year. (more...)
Le Clos shares silver with Phelps in 100m fly Le Clos shares silver with Phelps in 100m fly
- August 14, 2016

He's also the guy that inspired a whole new generation of swimmers, swimmers like Katie Ledecky, but also swimmers like Joseph Schooling, the 21-year-old who beat him on Friday night to earn Singapore its first-ever gold medal at the Olympics - in any sport. (more...)
Fowler makes his move in R3 of Olympic Games
- August 14, 2016

He birdied four of the first eight holes and then on the par-4 ninth, holed-out a wedge from 73 yards for an eagle. This week, you have 60 guys playing, and we are all winners.”. "Horrendous", is how Reed described his play. "I haven't been nervous like this on the first tee at a tour event in a really long time", DeLaet said. (more...)
Krauthammer: Clinton Foundation's Access to State Department a 'Form of Corruption'
- August 14, 2016

That followed after a bank notified the Federal Bureau of Investigation about a Clinton Foundation donor's "suspicious activity", according to CNN . When did the Federal Bureau of Investigation recommend that the Department open a case and pursue criminal charges related to the Clinton Foundation? Krauthammer was asked by Sandra Smith if he thought that there would be an "October surprise" related to more emails being released related to the Clinton Foundation and the State Department ... (more...)
Macy's to Close Stores but Pump up Digital Investment Macy's to Close Stores but Pump up Digital Investment
- August 14, 2016

It has shuttered roughly 90 Macy's stores over the past six years, and opened 13 new locations. Macy's now operates 675 full-line stores nationwide and 728 stores overall. The announcement of the closure came as a shock to Roseburg shoppers and was called a "tragic" loss for the mall. The closures represent almost 15 percent of the stores under the Macy's brand. (more...)
Will API and EIA Crude Oil Inventories Diverge? Will API and EIA Crude Oil Inventories Diverge?
- August 14, 2016

In particular, crude inventories at the Cushing terminal in Oklahoma - the key delivery hub for US crude futures traded on the New York Mercantile Exchange - was up 1.16 million barrels from previous week's level to 65.26 million barrels. The Paris-based agency, which consults oil-importing nations, lowered its forecast for demand growth next year to 1.2 million barrels a day from 1.3 million barrels a day previously. (more...)
Strong Earnings, Surge In Oil Power Dow To Record High
- August 14, 2016

Economic data showed USA retail sales growth was unexpectedly flat in July as people cut back on buying clothes and other goods, while the producer price index fell 0.4 per cent in July, the biggest drop in almost a year. Steel products manufacturer Nucor fell $1.66, or 3.2 percent, to $50.69, while Alcoa slipped 25 cents, or 2.4 percent, to $10.17. On Tuesday this week S&P Dow Jones Indices showed that the consensus 1 year target for the Dow Jones Industrial Average reportedly climbed ... (more...)
GST to be rolled out in next fiscal : Jaitley
- August 14, 2016

He said passage of GST Bill in the Rajya Sabha demonstrates inherent maturity of Indian politics. The PM has suggested that we use regional party leaders in Parliament to push state governments to expedite the process. The Constitution Amendment Bill for GST was approved on Wednesday by the Rajya Sabha to replace a raft of different state and local taxes with a single unified value added tax system to turn the country into world's biggest single market. (more...)
FBI Tipped Off Canadian Police About Suspect Planning Imminent Attack
- August 14, 2016

Lee said police were still outside and had told her they would likely be there all night. The FBI provided a screen shot and later a video of the masked suspect threatening a terror attack. "I have nothing, absolutely nothing to say", Duffield told CBC News. A news conference on Thursday by RCMP shed more light on the interaction between police and Aaron Driver that left Driver dead. (more...)
8 killed in twin bomb blasts in Turkey
- August 14, 2016

Turkish jets raided suspected Kurdish rebel targets across the border in northern Iraq, Turkey's state-run news agency reported Thursday, following a wave of attacks that killed at least 12 people. "In Sur district of Diyarbakır, 4 civilians lost their lives and five police officers were slightly wounded", Arslan said. Fighting between the military and the PKK has continued since the July 15 failed putsch in which a rogue group within the armed forces tried to oust President Recep ... (more...)
Prince Fielder's career is over Prince Fielder's career is over
- August 14, 2016

Fielder was expected to miss the remainder of the season recovering but the Rangers have scheduled a news conference for Wednesday. The Morning News has reported the insurance policy will pay half of Fielder's contract going forward in the event of a long-term injury, but they will not be able to recoup any of Fielder's 2016 salary. (more...)
Hillary Clinton, Tim Kaine release more tax return data
- August 14, 2016

Sen. That tax rate complies with the Buffett Rule, which Clinton supports , that proposes anyone who makes $1 million or more in adjusted gross annual income should pay at least 30 percent in taxes. But aside from their earnings, the latest showing by the Democratic candidates was meant to put a spotlight on Trump's failure to release his returns. (more...)
Seven injured in explosion at Texas oil plant Seven injured in explosion at Texas oil plant
- August 14, 2016

Four of the injured employees were listed as in critical condition after the fire which broke out during welding work on a pipeline, sheriff's office spokesman Marcus McLellan said. The website for Sunoco Logistics states that the company's business involves "Transporting, Terminalling and Storing Crude Oil, Natural Gas Liquids, and Refined Products". (more...)
Markets Right Now: Stocks closing higher on Wall Street
- August 14, 2016

Japan's Nikkei 225 stock index rose 0.7 percent to 16,856.27 and Hong Kong's Hang Seng gained 0.8 percent to 22,757.22. At 0.23, the buy-sell ratio is about one-third of what it was in February and last August, and compares with an average of 0.69 over nearly three decades. (more...)
Macy's to close 100 stores; Springfield's future unknown Macy's to close 100 stores; Springfield's future unknown
- August 14, 2016

The ones that will be shut down are full-line stores, and they generate roughly $1 billion in annual sales, or 4 percent of Macy's total sales. The company said in a news release today it is in negotiations to sell its men's store on Union Square in San Francisco. (more...)
Egyptian athlete refuses to shake Israeli opponent's hand
- August 14, 2016

Bronze medallist Israel's Or Sasson poses for pictures with fans after the medal ceremony of the men's +100kg judo contest of the Rio 2016 Olympic Games in Rio de Janeiro on August 12, 2016 . Even then, all El Shehaby would offer his Israeli opponent was a brief nod. In Friday's match, no points were scored by either side, but Sasson won over a penalty call. (more...)
Trump under pressure after Clinton releases 2015 tax returns
- August 14, 2016

Mrs Clinton and her husband Bill, the former president, reported $10.6 million (AU$13.9 million) in income for 2015, and paid $3.6 million (AU$4.7 million) in federal income tax . This is also a drop from the year before, when the couple made $20 million from speaking fees. "Here's a pretty incredible fact: There is a non-zero chance that Donald Trump isn't paying *any* taxes", she tweeted . (more...)
Trump and Sanders are not making the same arguments
- August 14, 2016

Almost two weeks into August, Hillary Clinton has maintained her post-convention bump and looks increasingly strong against her Republican rival, Donald Trump. More than 43 million Americans have student-loan debt, many with monthly payments that are so crippling that I am ashamed to be part of a Baby Boomer generation that allowed this to happen. (more...)
Valeant Pharmaceuticals Intl Inc (VRX) Scheduled to Post Quarterly Earnings on Tuesday
- August 14, 2016

Valeant Pharmaceuticals International Inc., based in Laval, Quebec, has been under a microscope for repeatedly buying other drug companies and rights to older medicines with little or no competition, then quickly jacking drug prices up threefold or more, without improving those drugs or investing much on developing new ones. (more...)

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