Monday, 21 August 2017
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Foot Locker, Inc. (NYSE:FL)


Shares of Foot Locker are down 23.35% to $36.39 to sit at less than half of their 52-week high. Atlanta Capital Group increased Select Sector Spdr Tr (XLF) stake by 30,434 shares to 301,381 valued at $7.01M in 2016Q4. The legal version of this piece can be read at Read More »

Trump Scraps Plan for White House Infrastructure Council


If inventory declines continued at the current pace, US stocks would fall below the five-year average in two months. The dollar index rose 0.06 percent, with the euro down 0.22 percent to $1.1742, after hitting a three-week low following news of concern about its gains from within the European Central Bank. Read More »

Sensex, Nifty trade in green; Infosys gains 3% on share buyback proposal


Among the top index gainers: Coal India rose 4 percent, Infosys advanced 4.5 percent, Bharti Airtel gained 2.3 percent while NTPC was up 4.1 percent. The broader NSE Nifty ended 0.07 percent higher at 9,904.15, after earlier advancing as much as 0.51 percent. HDFC Bank fell 0.7% after lowering interest rate on savings accounts by 50 basis points to 3.50% on balance of up to five million rupees. Read More »

WRAPUP 1-US retail sales post biggest increase in seven months


Excluding sales of autos, gasoline, building materials and food services, so called "core sales" surged 0.6% last month following an upwardly revised 0.1% increase in June. Long-suffering department stores likewise showed signs of life. Prices could decline further as a separate report from the Labor Department on Tuesday showed the cost of imported motor vehicles fell in July for the second consecutive month. Read More »

Target to buy software startup for faster product delivery


Amazon and shoppers can choose from a variety of delivery options, including, in some cases, speedy same-day delivery, and Target wants their customers to have these options as well. "There's clearly an arms race going on from the mass merchants, recognizing that getting everyday essentials in the hands of customers is critical", Michael Lasser, an analyst at UBS Group AG, said in a note published by Bloomberg . Read More »

Toyota and Mazda to jointly build a $1.6 Billion US Assembly Plant


The US-based manufacturing plant is set to begin operations in 2021, and is expected to produce around 300,000 vehicles per year, with the output divided between both firms. The two Japanese automakers, which had been contemplating a possible business alliance, judged it necessary to strengthen their partnership. In a tweet , President Trump - who had criticised that plan - called the new deal " a great investment in American manufacturing! ". Read More »

Strong dollar imperils economy and jobs, RBA warns


Although jobs growth is picking up and the unemployment rate is expected to edge lower over the next couple of years, wages growth remains feeble. Although they noted that "an appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than now forecast", at its current level, the AUD has not materially affected their forecasts . Read More »

Lengthy delays at Australian airports after 'Islamic-inspired terrorism' plots

Prime Minister Malcolm Turnbull has been assessing the new arrangements with police, domestic intelligence agency ASIO and the Office of Transport Security. Colvin on Sunday declined to discuss potential charges that the four men in custody might face. "There is still the ability for people to have sophisticated plots and sophisticated attacks remain a real threat", he said. Read More »

Starbucks pulls the plug on Teavana - including these South Florida stores

However, Starbucks reported disappointing revenue and comparable sales growth on Thursday in its third quarter earnings report with the Teavana chain partially to blame. "Starbucks' growth potential in China is unparalleled", Johnson told the Tribune said during a phone interview Thursday. Teavana hot and iced teas will still be sold in Starbucks' namesake stores. Read More »

'Petrol and diesel ban exposes gaping holes in the Government's understanding'


A spokesperson told Autocar " Hyundai Motor has already launched the new Ioniq - the world's first auto to offer Hybrid, Plug-In Hybrid and full Electric powertrains all in one bodystyle -which is now on sale in the UK". BMW has also been tackling with electric vehicles for some time now. "We still believe that well-targeted scrappage schemes could make a significant contribution in reducing [nitrogen oxides] emissions by removing some of the oldest, most polluting cars and vans ... Read More »

Ford Motor Q2 Profit Beats Estimates; Auto Segment Operating Margin Down 1.8%


Stocks of General Motors Company ( NYSE GM ) transacted up 0.661% throughout intraday market trading on early Wednesday, reaching $35.805. Finally, North Star Investment Management Corp. If you are reading this piece on another domain, it was copied illegally and republished in violation of U.S. and worldwide trademark and copyright legislation. Read More »

Oil tankers association ends strike, oil supply resumes


The Lahore High Court (LHC) on Wednesday has sought recommendations from Oil and Gas Regulatory Authority (OGRA) for tackling substandard oil tankers without affecting the countrywide fuel supply. Today's talks proved successful as the government assured the APOTA that it would remove oil transporters' concerns and eventually the association agreed to end its strike. Read More »

German Automakers and Government Officials Reach Accord on Emissions Software


The German auto-makers have more stuff to worry about now, with reports suggesting that they are under investigation for having colluded as part of one of the biggest cartels in history. Luxury vehicle maker Audi, a division of Volkswagen said it would update engine software on up to 850,000 diesel-engined cars. The commission said that it and the German Cartel Office "have received information on this matter, which is now being assessed by the commission". Read More »

$5B in student loan debt could be forgotten thanks to missing paperwork


That amounts to around $five billion in loans. Overall, there is about $1.3 trillion in outstanding student debt among Americans, Time Magazine reports. Has National Collegiate sued me for nonpayment? "It's a numbers game", lawyer Richard Gaudreau, who has helped defend borrowers in several National Collegiate lawsuits, told the newspaper . Read More »

Brides frantic after Alfred Angelo store abruptly closes


But two bridesmaids who live out of state may be out of luck. News reports across the country included accounts of brides attempting to get their dresses after stores suddenly closed. The sign on the door says it all. Some offices still had desks and supplies and framed posters of wedding dresses hung on the walls. "I had literally just spoken with the store on Wednesday evening who confirmed all the information", said Busboom. Read More »

Hackers Blow Trump Hotels Wide Open


The luxury hotel chain says it was notified early last month that an unauthorized party had gained access to data for some of its reservations between August 10, 2016, and March 9 of this year. Because Sabre SynXis handles reservations for a variety of other hotel chains, Trump's properties are not the only ones affected. That mistake resulted in Trump Hotels paying $50,000 in penalties in September 2016 as it resulted in the payment card information for more than 70,000 guests ... Read More »

No trading on NSE this morning; here's what happened


Price quotations for individual stocks listed on the (NSE) were not updating on Monday morning and investors could not place trades, in a problem that appeared to be widespread, four dealers said. Both the Nasdaq and BATS stock exchanges declared self-help against the NYSE amid the technical problems, which allows trading centers to bypass an automated trading center that is experiencing system problems. Read More »

West Indies bowl, Kuldeep Yadav makes T20I debut


On July 9, Sunday the India Tour of West Indies 2017 T20 matches between India and West Indies will be played. How to watch the India vs West Indies fourth ODI cricket game and live score in India? The men from the Caribbean were devoid of many of their big-name stars when losing the recent one-day series 3-1 to the Asian outfit but will have the giant left-hander in the ranks this weekend. Read More »

NBA Hawks reportedly pass on Knicks' $71 mn offer to Hardaway Jr


League sources earlier told ESPN there was almost uniformed opinion within Atlanta's front office that the contract was simply too steep when measured against the production and potential of Hardaway Jr. signing. He'll space out as a shooter next to rookie Frank Ntilikina , but it's tough to imagine that NY couldn't have found another player for a much cheaper price. Read More »

Saudi-led bloc voices regret over Qatar's 'negative' response to demand list


It's not known how numerous demands , if any, Qatar has agreed to meet, but Qatar's foreign minister has previously said the list had obligations that couldn't be met and was "made to be rejected". He said the demand shows "a lack of respect toward us and Qatar ". After an announcement on Wednesday by Saudi Arabia , Bahrain, Egypt and the United Arab Emirates that their boycott of the Gulf Arab state would continue, playful Qataris shared on Twitter photoshopped images ridiculing ... Read More »

Owned Qatar Airways seeks 10 pct stake in American

Qatar Airways , with which American has been at odds for sometime, said it is planning to buy an initial stake of 4.75% - the most it can own without the prior approval of American's board. " Qatar Airways sees a strong investment opportunity in American Airlines ", the company said in a statement. Managing director at aviation consultancy firm Aerotask, Rob Watts, said Qatar's investment in American could serve to help block increased coordination between American and other Gulf carriers. Read More »

Coca-Cola Company (The) (NYSE:KO)


Suntrust Banks Inc who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $190.92 billion market cap company. The stock declined 0.75% or $0.34 reaching $45.27 per share. Lederer & Assocs Investment Counsel Ca holds 0.99% or 24,000 shares in its portfolio. Finally, Morgan Stanley set a $45.00 target price on shares of Coca-Cola Company (The ) and gave the stock a "neutral" rating in a research note on Monday, May 29th. Read More »

Tim Cook Discusses 'Economic Opportunity' with Trump Administration

The ATC was designed by Trump to help cut government waste. CEOs from firms such as Adobe, Akamai, Alphabet, Amazon, Apple, Intel, Microsoft, Oracle, Palantir, and Qualcomm were in attendance, along with investors such as Peter Thiel, who was one of the few Silicon Valley execs to show support for Trump during his presidential campaign. Read More »

America's biggest banks pass post-crisis stress tests


The two-part test revealed that the biggest U.S. lenders would be hit by $383bn in loan losses in a hypothetical scenario in which the United States employment rate rose to 10 per cent. Those banks represent about 75 percent of all US assets. All the banks can now amend their plans on dividend payments and stock buybacks to win Fed approval before it announces its decisions on those issues next Wednesday. Read More »

Amazon stumps up nearly $US14B for Whole Foods Market


In the US "this adds 440 refrigerated warehouses within 10 miles of probably 80% of the population", said Michael Pachter, an analyst for Wedbush Securities. Hartmann said he expects the online retailer to introduce some efficiencies to Whole Foods' operation. But its stance could attract rival grocers to partner with Instacart in a broader bid to resist Whole Foods' new corporate resources. Read More »

Oil futures climb 1 percent after USA stockpile draw

Even though the Organization of the Petroleum Exporting Countries and major non-cartel heavyweights such as Russian Federation last week extended the ongoing production cuts, it remains to be seen if such caps can effectively chip away the glut of oil that has haunted prices for more than two years. Read More »