Thursday, 21 February 2019
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Walmart to raise its starting wage to $11 an hour


The increase in wages will cost approximately $300m on top of wage hike plans that had been included in next fiscal year's plans, the company said. This is the third US -wide minimum wage increase at the company since 2015 as it works to improve its 4,700 USA stores while investing heavily to compete with Inc. Read More »

Warren, Warner propose 'massive' fines for breaches at credit bureaus


The Senators said that if this bill was in place past year, Equifax would have faced a fine of "at least $1.5 billion". The bill faces an uphill climb in a Republican-led Congress, but if it became law, would allow the government to fine as much as 75 per cent of a credit reporting agency's gross revenue should a hack occur. Read More »

Man installed Mac malware on thousands of machines: claim


In 2003, when Durachinsky was 15 years old, he created a string of malware that would later be called " Fruitfly " and infected tens of thousands of IP addresses worldwide, according to the US attorney's office. A man from OH was charged on Wednesday for allegedly producing child pornography from footage obtained by spying through the webcams of computers used by children. Read More »

Marks & Spencer suffers sales fall in 'mixed' Christmas trading in UK


This helped Tesco notch up a 2.3% rise in third quarter comparable sales. Growth was recorded across all channels, with LFL sales growth of 1.8% in Extra hypermarkets, 2.3% in Express convenience stores and over 5% Online. Its Central Europe business saw a 0.8% like-for-like sales increase, however Asia, a market in which Tesco has instigated the ceasing of bulk selling in Thailand over the past year, fell 9.6%. Read More »

Diet Coke gets new look, new flavors


The company spoke to more than 10,000 people and spent years exploring all kinds of combinations like tropical, citrus and even botanical notes. These bands represent the new flavors: Ginger Lime, Feisty Cherry, Zesty Blood Orange and Twisted Mango . Read More »

Ice cream bars sold at Giant Eagle, other stores recalled


Products under the Hood and Kemp brands may have a "best by" date between July 1, 2018, to June 30, 2019. Most of the recalled products have have a production date of January 1-Dec. Listeria monocytogenes, a "common organism found in nature", according to the release, could cause listeriosis if consumed in food. For additional information, please call Fieldbrook Foods at 1-800-333-0805 ext. Read More »

Domino's Pizza (DPZ) Earns Buy Rating from Analysts at Deutsche Bank


State Of Alaska Department Of Revenue decreased Dominos Pizza Inc ( DPZ ) stake by 27.72% reported in 2017Q3 SEC filing. Lafleur & Godfrey Llc bought 12,800 shares as the company's stock declined 2.74% while stock markets rallied. Maxim Group has "Buy" rating and $124.0 target. KeyBanc Capital Markets upgraded the stock to "Overweight" rating in Friday, January 20 report. It also increased its holding in Epam Sys Inc (NYSE:EPAM) by 1.09M shares in the quarter, for a total of 4.81 million ... Read More »

Murdoch's Fox looking to buy 10 Sinclair TV stations, report says


LAS VEGAS-With the ATSC 3.0 next-gen TV standards officially set, Sinclair Broadcast Group and Imagine Communications are co-developing an ATSC 3.0 advertising management software platform. 41 funds opened positions while 78 raised stakes. (NASDAQ:ZUMZ). Td Asset Mngmt, Ontario - Canada-based fund reported 40,320 shares. (NASDAQ:SBGI). The Illinois-based Envestnet Asset Mngmt has invested 0% in Sinclair Broadcast Group, Inc. Read More »

Ford is latest to be sued over Diesel Truck Emissions


Ford is hoping to gain some customers from rivals Ram and Nissan, which both offer diesels in their full-size trucks. That's pretty impressive for an engine with two fewer cylinders and almost half the displacement. Ford is, of course, just one of numerous carmakers alleged to have cheated on emissions testing with their diesel engines. Last year, Bosch agreed to pay $327.5 million to USA owners of Volkswagen AG vehicles for its part in installing illegal emissions-cheating software. Read More »

IRS Issues List Of 'Dirty Dozen' Tax Scams


The IRS strongly encourages people to file their tax returns electronically for faster refunds. But that does not mean the IRS has a year to get up to speed. "Within the budget it now has, there are plenty of opportunities for the IRS to demonstrate that it can do a better job of using creativity and innovation to provide taxpayer service, encourage compliance, and address noncompliance", she said in her report. Read More »

Wheeler Real Estate Investment Trust, Inc


Atlantic Trust Grp Incorporated Ltd Llc invested in 0% or 16,862 shares. FormulaFolio Investments LLC bought a new stake in shares of iShares US Real Estate ETF during the 3rd quarter worth approximately $6,170,000. Over the a year ago Company's shares have been trading in the range of $9.32 and $19.39. WRE's profit will be $34.52 million for 16.43 P/E if the $0.44 EPS becomes a reality. Read More »

United Kingdom watchdog flags 'serious risk of harm' from spreadbetting


City brokers providing contracts for difference (CFDs) to retail investors are causing "serious concern" at the United Kingdom financial regulator, which wrote to 19 providers with a warning about their conduct. 'IG does not offer advisory or discretionary services for CFD products and has terminated its very small number of relationships with distributors who offer our CFD product on a discretionary or advisory basis to retail clients within the United Kingdom and European Union, ' it said. Read More »

United Kingdom industry and manufacturing remain robust in November


Britain's factories are growing at their fastest pace in nearly seven years, with official figures showing that the three months to November beat all forecasts. "With consumer spending appearing to have held up well, quarterly GDP growth of 0.4 per cent or 0.5 per cent looks likely, which would see growth in 2017 as a whole come in at 1.8 per cent, barely different from 2016's 1.9 per cent rise", said Paul Hollingsworth of Capital Economics. Read More »

Trader who took poison at BJP office to protest note ban dies


He announced he had tried and failed to draw the attention of Prime Minister Narendra Modi, finance minister Arun Jaitley and BJP president Amit Shah to the harm done to his Siddhivinayak Transport Company by the note recall and the GST. "He doesn't help people", Pandey said. "He has fallen victim to GST and demonetisation", the former chief minister told NDTV. After GST came into effect in July a year ago, it had led to confusion and fear among smaller transporters as operating costs ... Read More »

Carphone Warehouse fined GBP 400000 by ICO for data breach


The ICO described the "number of distinct and significant inadequacies in the security arrangements" of Carphone Warehouse as "striking", and said that it was " particularly concerning that a number of the inadequacies related to basic, commonplace measures". Read More »

Ford launches cloud-based platform for mobility services


Ford unveiled a suite of announcements at the Consumer Electronics Show today that are aimed at furthering the company's ambitions to power smart cities and find new applications for autonomous vehicles. The presentation was light on details and heavy on vision, indicating Ford may have wanted to benefit from the excitement around autonomous transportation despite not having made significant progress on a self-driving vehicle. Read More »

NY sues fossil fuel majors, plans divestment from pension funds


New York City is suing ExxonMobil, Chevron, Shell, BP, and ConocoPhillips, five of the largest investor-owned carbon producers. "As climate change continues to worsen, it's up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making NY safer and more resilient", de Blasio said. Read More »

Short Interest in Barrick Gold Corp (ABX) Drops By 31.5%

It has underperformed by 34.82% the S&P500. Jefferies Group Llc decreased Michael Kors Hldgs Ltd (KORS) stake by 89.64% reported in 2017Q3 SEC filing. Its down 0.25, from 1.4 in 2017Q2. It worsened, as 36 investors sold ALXN shares while 174 reduced holdings. Advisors Asset Management Inc. raised its stake in Barrick Gold by 116.4% during the second quarter. Read More »

Cleararc Capital Inc. Cuts Position in Nucor Corporation (NUE)

It has underperformed by 6.28% the S&P500. Analysts expect AK Steel Holding Corporation (NYSE: AKS ) to report $-0.15 EPS on January, 23.They anticipate $0.40 EPS change or 160.00% from last quarter's $0.25 EPS. Finally, Longbow Research reaffirmed a neutral rating on shares of AK Steel in a report on Tuesday, October 3rd. Apriem Advisors bought 2,490 shares as the company's stock rose 14.18% with the market. Read More »

WH: Trump Hasn't Given Up Having Mexico Pay for Wall


An equal amount from the county, plus money spent by the California Highway Patrol and CalTrans, the state highway system, suggests California taxpayers can expect to pay a total cost of $1 million. Studies indicate that 10 percent of the American population can't find the Pacific Ocean on a map or that, in a study a few years ago, 50 percent of American high school students couldn't find Mexico or Canada on an unmarked map. Read More »

Discovery Communications Inc. (DISCK) Given Average Rating of "Hold" by Brokerages


The top 5 institutional holders, in ascending order, are as follows: BROWN BROTHERS HARRIMAN & CO with 22.58 million shares, VANGUARD GROUP INC with 20.5 million shares, BLACKROCK INC. (NASDAQ:DISCA) for 79,413 shares. Alpine Associate Mgmt Incorporated owns 475,100 shares or 0.34% of their United States portfolio. Yakira Capital Management Inc, which manages about $188.00M and $300.65 million US Long portfolio, upped its stake in Viacom Inc New (NASDAQ:VIAB) by 60,428 shares to 113,970 ... Read More »

UBS Issues an Upgrade on FedEx (NYSE:FDX) Shares. What's Next?

ONEOK, Inc. (NYSE:OKE) has risen 23.81% since January 10, 2017 and is uptrending. It has outperformed by 9.38% the S&P500. Center Coast Capital Advisors Lp, which manages about $3.24B and $4.03 billion US Long portfolio, decreased its stake in Western Refining Logistics L (NYSE:WNRL) by 47,252 shares to 135,734 shares, valued at $3.50M in 2017Q3, according to the filing. Read More »

Ikea offers free cribs to pregnant mums who pee on its ad


Devised by Swedish ad agency Åkestam Holst in collaboration with Mercene Labs the bodily fluid centric campaign necessitated some novel thinking. IKEA , an worldwide furniture retailer known for resetting boundaries with its marketing, is running a magazine ad that encourages women to take a tinkle on it. Read More »

Telecom stocks gain as TRAI raises spectrum holding limit


TRAI had, in November, also recommended that the current cap of 50% on intra-band spectrum holding be removed, and instead be a cap of 50% on the combined spectrum holding in the sub-1 GHz bands (700 MHz, 800 MHz and 900 MHz bands). Now we expect that there will be better response in the auction process". "The industry is undergoing structural changes with consolidation being at the forefront". Read More »