Markets


Asian shares slip, dollar stands tall on Fed hike bets
- August 22, 2016

Treasury prices fell on Friday as traders booked profits on recent gains ahead of next week's government debt supply and a meeting of global central bankers where Federal Reserve Chair Janet Yellen is scheduled to speak. Stephen Innes, senior trader at OANDA, said in a note: "There are many hurdles that need to be overcome for a September US rate hike, which should provide enough excuse for Dr. (more...)
Wal-Mart's profit, sales top forecasts
- August 22, 2016

A bright spot for Target is that its online stores produced a 16 percent increase in sales, although the amount was not broken down in the financials. Total revenue rose 0.5 percent to $120.9 billion. Wal-Mart shares have risen 19% so far in 2016, and 1% over the past twelve months, compared to a 6.7% year-to-date rise in the Standard & Poor's 500 index. (more...)
Woolworths brings back points to customer loyalty program Woolworths brings back points to customer loyalty program
- August 22, 2016

This means members earn 0.43 of a Qantas point for every $1 they spend in Woolworths stores. The move announced on Monday comes with an acknowledgement from the supermarket giant that its system of only rewarding shoppers for buying orange-tagged items has failed. (more...)
Apple Drops Store from Apple Store
- August 22, 2016

MacRumors reports that Apple employees recently received emails informing them of the new wording for store branding. According to Mashable , the company's new flagship store in San Francisco opened as just "Apple Union Square" in May. (more...)
Kelley gives up tiebreaking homer in Nationals' sloppy loss
- August 22, 2016

The skidding Braves need their All-Star to be at his best. Atlanta Braves players including Jeff Francoeur, center, watch the final moments of a baseball game against the Washington Nationals during the ninth inning, Saturday, Aug. Tonight he faces a Braves team that has a 6.91 ERA during its five-game losing streak and a.203 batting average with eight runs scored in the past four games. (more...)
Olympics-OCI's new head among six whose passports seized by Brazil police
- August 22, 2016

They also took the phones and laptops of OCI personnel, the Irish body said in a written statement. Other accommodation being used by OCI officials was also searched. Dublin's Sports Minister Shane Ross returned home early from Brazil to meet Ireland's Attorney General over what could be done to get to the bottom of the controversy. (more...)
Analysts Recommendations: Wal-Mart Stores, Inc. (NYSE:WMT)
- August 22, 2016

The company is also investing in its stores, including its highly publicized wage increase and training program for employees. The retailer had forecast 95 cents to US$1.08. Earnings per share grew 12 percent to $1.21 from $1.08 a year ago. Wal-Mart Stores makes up approx 0.04% of First National Bank Of Omaha's portfolio.Lathrop Investment Management Corp reduced its stake in WMT by selling 1,065 shares or 0.97% in the most recent quarter. (more...)
Childhood obesity strategy stops short of banning junk food ads
- August 22, 2016

The plan includes a voluntary target to reduce sugar in children's food and drinks by 20 percent, whilst encouraging more physical activity in primary school children, namely a plan for kids to exercise for an hour a day. Professor Graham MacGregor, chairman of Action on Sugar and Consensus Action on Salt and Health, said the government was effectively allowing the food industry to police themselves. (more...)
Stocks Mixed As Investors Bet On Fed Hike This Year Stocks Mixed As Investors Bet On Fed Hike This Year
- August 22, 2016

Investors are awaiting an annual meeting of central bankers from around the world in Jackson Hole, Wyoming, next week, in which Fed Chair Janet yellen is likely to cement expectations for a slow pace of rate increases. Later in the morning, however, the USA currency was lifted above the psychologically important line on buying to cover short positions, and temporarily surpassed ¥100.40 on periodic purchases from Japanese importers. (more...)
Congress Receives 'Heavily Redacted' FBI Notes From Clinton Interview Congress Receives 'Heavily Redacted' FBI Notes From Clinton Interview
- August 22, 2016

However, some material that cited Central Intelligence Agency interests was redacted entirely and provided only to the congressional intelligence committees. Republicans are also calling on the Justice Department to conduct an investigation into whether Clinton committed perjury during her October testimony before House Select Committee on Benghazi. (more...)
West Ham's Ayew may need knee operation
- August 22, 2016

A near-capacity 56,000 crowd packed into the London Stadium on Sunday, but they were subdued for long periods and used most of their vocal energy to protest about the club and local council's strict guidelines to stay seated at all times. (more...)
Two Days After Major Trump Campaign Shakeup, Manafort Resigns
- August 22, 2016

On Wednesday, Trump appointed right-wing news executive Stephen Bannon as campaign CEO and promoted pollster Kellyanne Conway to campaign manager. He has been effectively running the campaign since June, when Corey Lewandowski was sacked as campaign manager. (more...)
Wall St dips as investors mull rate hike Wall St dips as investors mull rate hike
- August 22, 2016

The Labor Department has reported two strong months of employment gains - 255,000 for July and 292,000 for June. "If the August employment report, scheduled for release on Sept. "Since Williams and Dudley are both intellectually aligned with Chair Yellen, we expect her speech to retain the optionality of raising rates in September if economic and financial conditions permit", said Joseph LaVorgna, chief USA economist for Deutsche Bank. (more...)
Cisco cut their Global Workforce by one fifth Cisco cut their Global Workforce by one fifth
- August 22, 2016

The San Jose, Calif. -based company laid off 6,000 in a restructuring in 2014. Cisco has announced a restructuring plan that will see up to 5,500 jobs go as it revealed its full-year revenues and profits increased. Technology news site CRN , citing sources, first reported on Tuesday that Cisco planned to lay off about 14,000 employees, or almost 20 percent of its workforce. (more...)
Global Consumer Electronic Accessories Market Analysis & Trends - Industry Forecast to 2025
- August 22, 2016

First, the report provides a basic overview of the Fruit Spreads industry including definitions, classifications, applications and industry chain structure. The data in the report presents a review of the most updated market trends. Geographic segments of the Global Pressure Labels market along with a detailed study on the prospects exhibited by the emerging regional markets of the Global Pressure Labels industry are included in the report. (more...)
Brazilian footballers celebrate Olympic gold with tattoos Brazilian footballers celebrate Olympic gold with tattoos
- August 22, 2016

He lay on the ground for several long moments while they celebrated, sobbing. "The only thing on my mind was I had to do this", said Neymar , who stepped down as captain after the game. After the break came what no one expected: a magnificent combination that ended with a centre from the right and a precise shot from captain Meyer who was alone inside the area and Maracana fell silent. (more...)
New Jersey double bus crash leaves one driver dead
- August 22, 2016

The high speed collision happened at around 6 a.m.at Raymond Boulevard and Board Street. "It's devastating", one driver said. The second victim was identified only as a female passenger on the northbound bus. Petrain and the co-worker ran out with ice water, rags and a first-aid kit. A 38-year old woman was killed on Black Horse Pike in Pleasantville by an NJ Transit bus that was making a turn, PressofAtlanticCity.com said. (more...)
Wal-Mart Stores, Inc. Jumps After Beat And Raise Quarter
- August 22, 2016

Second-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $1.02 and $120.16 billion in revenue . In June, Walmart said the United Kingdom supermarket's chief executive, Andy Clarke, would be stepping down to be replaced by the head of Walmart's Chinese business, Sean Clarke. (more...)
Slaven Bilic To Shuffle Pack For Bournemouth Clash
- August 22, 2016

West Ham will hope to get off to a good start in their new home and will want to make it a fortress if they are to stand any chance of qualifying for European football for the third successive season. Benik Afobe scored three goals in his first four Premier League games for Bournemouth , but has netted just once in his 12 appearances since. Bournemouth won three of their five away trips to London in the Premier League last season (W3 D0 L2). (more...)
Asda Sales Slump To Record Low At Struggling Supermarket
- August 22, 2016

That compared to a 5.7% slump in the first quarter, then its largest ever recorded, and the 4.7% drop former boss Andy Clarke described as a "nadir" a year ago. E-commerce has also contributed to the company's comp sales. The Company has 52-week high of $75.19 and 52-week low of $56.3. The figures highlight the challenge facing Asda's new CEO Sean Clarke, who took over the role last month, and is tasked with an ambitious strategy to turn the company around with a £1.5bn price investment plan ... (more...)