Business


Alabama offered $379 million in incentives for auto plant Alabama offered $379 million in incentives for auto plant
- January 12, 2018

It will be Toyota's 11th assembly plant in the U.S. - its biggest market - and Mazda's first. President Donald Trump tweeted, "Good news: Toyota and Mazda announce giant new Huntsville, Alabama, plant which will produce over 300,000 cars and SUV's a year and employ 4000 people". (more...)
Most Active Stock: Eastman Kodak Co. (NYSE:KODK) Most Active Stock: Eastman Kodak Co. (NYSE:KODK)
- January 12, 2018

During the past couple of weeks, KODK average daily volatility was 324.02%, which is -323.02 percentage points lower than the average volatility over the past 100 days. It has added 124333 shares. EPS is an indicator of company profit because the more earnings a company can generate per share, the more valuable each share is to investors. (more...)
Malaysia Launches New Search for Missing Airliner Malaysia Launches New Search for Missing Airliner
- January 12, 2018

The agreement was signed by the Malaysian government and Ocean Infinity CEO Oliver Plunkett at a ceremony in Kuala Lumpur, reported CNN. The plane, carrying almost 240 passengers and crew, disappeared on a flight from Kuala Lumpur to Beijing in March of 2014. (more...)
Ethereum bucks negative cryptocurrency trend to reach an all-time high Ethereum bucks negative cryptocurrency trend to reach an all-time high
- January 12, 2018

In 2017 Bitcoin spiked, printing an all time high of $20,000 per unit. Market capitalization of Bitcoin was $250,691,126,400 Dollars. After a two-day period of sharp decline just before the New Year, most of cryptocurrencies are now rising again, which contributes to a rapid increase in aggregate market capitalization. (more...)
This Bitcoin conference won't let you buy a ticket using Bitcoin This Bitcoin conference won't let you buy a ticket using Bitcoin
- January 12, 2018

The conference organisers said that because data from payments with cryptocurrencies have to be manually entered into their ticketing platform, they have to suspend this method two weeks before their event. Last minute tickets for the conference are selling for $1,000 (£740), but some of Bitcoin's most devoted fans may not have that much cash to hand after placing it all into the cryptocurrency. (more...)
Forget your doctor, IKEA will tell you if you're pregnant Forget your doctor, IKEA will tell you if you're pregnant
- January 12, 2018

And the ad genuinely works as a pregnancy test, thanks to new tech from Swedish chemical manufacturer Mercene Labs , Felix Östman from Ikea Sweden's press department explained to The Local. All images via IKEA. . According to Adweek , the ad is running in Swedish magazine Amelia , and uses the same kind of technology as at-home pregnancy tests. (more...)
Wrong-runway confusion during landing at SFO Wrong-runway confusion during landing at SFO
- January 12, 2018

They ordered the Aeromexico flight to delay its landing and circle back around. The Federal Aviation Administration is investigating the incident, which marks the third time in six months a commercial flight has avoided a near-accident at San Francisco International Airport. (more...)
Tesla Issues Takata-Related Recall For 2012-13 Model S Tesla Issues Takata-Related Recall For 2012-13 Model S
- January 12, 2018

Ford Motor Co said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp and urged 2,900 owners in North America to stop driving immediately until they can get replacement parts. (more...)
Of course Uber allegedly had a tool to remotely destroy evidence Of course Uber allegedly had a tool to remotely destroy evidence
- January 12, 2018

The Uber HQ team overseeing Ripley could remotely change passwords and otherwise lock up data on company-owned smartphones, laptops, and desktops as well as shut down the devices. Some Uber employees also felt the system slowed investigations that were legally sound, Bloomberg said. In a statement, Uber spokesperson said: "Like every company with offices around the world, we have security procedures in place to protect corporate and customer data". (more...)
Former BHS owner found guilty of 3 charges Former BHS owner found guilty of 3 charges
- January 12, 2018

Now Just a few minutes ago the man at the helm of the retailer BHS when it collapsed was handed a criminal conviction for failing to comply with regulators. It is not the one we were looking for. "We feel that this case has not been treated fairly and we will look deeply into this". Chappell's lawyer claimed he was being used as a "political scapegoat" by the watchdog, which he claimed was desperate to be seen to be taking action after "15 years of negligence". (more...)
ROIC & Quant Score card Review for Seagate Technology plc (NasdaqGS:STX)
- January 11, 2018

It has underperformed by 4.76% the S&P500. Jeffrey Ubben increased its stake in Seagate Technology Plc ( STX ) by 55.32% based on its latest 2017Q3 regulatory filing with the SEC. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Seagate Technology plc (NASDAQ: STX ) has risen 107.16% since January 10, 2017 and is uptrending. (more...)
What's Marathon Petroleum Corporation (MPC) Upside After Achieving 52-Week High?
- January 11, 2018

Marathon Oil Corporation (NYSE: MRO ) ended its day at 17.90 with the rising stream of -0.83% and its total traded volume was 7.55 million shares less than the average volume. Currently Marathon Oil Corporation , has an EPS of -2.56, which has grown by 19.70% this year. Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 0 Sell and 6 Hold. (more...)
John Lewis Christmas sales exceed £1bn but profit margin shrinks John Lewis Christmas sales exceed £1bn but profit margin shrinks
- January 11, 2018

However, unlike last year's trading update, it added, the numbers exclude New Year's Eve, and if that was included Waitrose's like-for-like sales would be up an estimated 2.2%. Marks & Spencer struggled in its clothing and home business with l sales down 2.3 per cent in the 13 weeks to 30th December. Its online grocery business had a record Christmas with five per cent sales growth. (more...)
Peugeot's new UK Vauxhall boss says vehicle plant's future linked to sales Peugeot's new UK Vauxhall boss says vehicle plant's future linked to sales
- January 11, 2018

The opportunity to manufacture Opel and Vauxhall cars in the same factories as PSA vehicles was seen as key to PSA's purchase of the brands a year ago. So far PSA hasn't clarified if it considers closing down Vauxhall's factory which now produces the Astra model for both Opel and Vauxhall. With effect from February 1 2018, Albéric Chopelin is appointed Senior Vice President, Chief Sales and Marketing Officer, Groupe PSA (Paris:UG). (more...)
Shanghai temporarily closes Marriott website in China after questionnaire gaffe Shanghai temporarily closes Marriott website in China after questionnaire gaffe
- January 11, 2018

Marriott's blunder instantly ignited a huge commotion among Chinese customers and news media, after its attempt to "split China" was first exposed by patriotic netizens this week. Marriott operates about 290 hotels and resorts in the greater China region, which includes locations in Hong Kong, Taiwan, Tibet and Macau. Marriott now has more than 100 properties in China. (more...)
Sam's Club stores abruptly close Sam's Club stores abruptly close
- January 11, 2018

Sam's Club has chose to close a series of clubs after a thorough review of its existing portfolio, the retail warehouse chain tweeted Thursday. According to Channel 2's sister station FOX13, a Memphis Sam's Club location has also closed its doors for good, announcing the closure to employees this morning. (more...)
Circuit City Set to Relaunch Online Next Month Circuit City Set to Relaunch Online Next Month
- January 11, 2018

Schmoel announced the business strategy at a press briefing at the Consumer Electronics Show in Las Vegas. Eventually, the revitalized company plans to open showroom-style stores as part of its brick-and-mortar retail strategy. "The IBM web commerce platform will allow Circuit City to expand offerings for a personalized shopping experience and enhance the product discovery journey", the company said. (more...)
Amtrak resolves power problem at Penn Station Amtrak resolves power problem at Penn Station
- January 11, 2018

NJ Transit riders in need of alternative routes can have their tickets cross honored on the agency's buses and in PATH's Newark Penn Station, Hoboken and 33rd St. But that doesn't mean all NJ Transit riders should expect problem-free commutes the rest of the morning. "I've been taking it for about six months now, I've had a few delays in the morning, but I leave extra early because of the delays", another commuter said. (more...)
Dropbox files confidentially for US IPO Dropbox files confidentially for US IPO
- January 11, 2018

The listing will test Dropbox's most recent valuation, $10 billion, which has been criticized by some investors as overvalued and outdated. Dropbox is in talks with other banks to fill additional roles on the IPO and is aiming to be listed in the first half of 2018, the Bloomberg report said. (more...)
Progress Software (PRGS) Issues Q1 Earnings Guidance Progress Software (PRGS) Issues Q1 Earnings Guidance
- January 11, 2018

The investor checklist may include studying the scope of a company's competitive industry advantage, examining company management, and trying to get a general feel if the stock is valued properly. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. ValuEngine downgraded Progress Software from a "buy" rating to a "hold" rating in a research report on Friday, December 1st. (more...)
Software maker SS&C to buy DST Systems in US$5.4 billion deal Software maker SS&C to buy DST Systems in US$5.4 billion deal
- January 11, 2018

Regions Financial Corp stated it has 0% of its portfolio in SS&C Technologies Holdings, Inc . The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 22.7%, and has a solid year to date (YTD) performance of 17.81% which means that the stock is constantly adding to its value from the previous fiscal year end price. (more...)
Walmart raises hourly wage to $11, expands benefits Walmart raises hourly wage to $11, expands benefits
- January 11, 2018

The changes are set to take place in February. The federal minimum wage is $7.25. The one-time bonus represents an additional payment to associates of approximately $ 400 million in the current fiscal year, which ends January 31, 2018. The current minimum wage at Walmart is $9 an hour, which was introduced in 2015. While Walmart claimed this announcement was linked to the tax cut, the wage hike was likely necessary for the company to remain competitive - and, in some states, legally compliant. (more...)
Ripple and MoneyGram Test XRP Currency Transfers Ripple and MoneyGram Test XRP Currency Transfers
- January 11, 2018

Worldwide money-remittance firm MoneyGram is partnering with Ripple to test the startup's XRP token for global payments. Ripple's XRP rose 13 percent to $13.38 on Thursday after MoneyGram made the announcement to use its XRP token for global payments. (more...)
Woman returns 'dead' Christmas tree to Costco in January for full refund Woman returns 'dead' Christmas tree to Costco in January for full refund
- January 11, 2018

A furious woman in California created a commotion at a popular wholesale outlet as she came to return her Christmas tree. The man claimed that Costco employees did confirm she bought the tree at their store and gave her the refund. Bentley said that the woman didn't mind that he had taken a photo of her, even as she asked him "are you serious?" He said she was "shamed to a small degree", but wrote, "I don't think it fazed her because she has no conscience". (more...)
Delta Air Lines Inc Earnings Advance 13% In Q4 Delta Air Lines Inc Earnings Advance 13% In Q4
- January 11, 2018

It has outperformed by 8.36% the S&P500. Delta Air Lines , Inc. shares rose $0.74 (+1.32%) in premarket trading Thursday following the report. Shellback Capital Lp bought 243,951 shares as the company's stock declined 5.91% while stock markets rallied. (more...)
Canada takes US to WTO in wide-ranging trade complaint Canada takes US to WTO in wide-ranging trade complaint
- January 11, 2018

Canadian Foreign Minister Chrystia Freeland said the legal action was in response to the "unfair and unwarranted" US duties against Canada's softwood lumber producers and part of a "broader litigation" to defend forestry jobs. "I think Trump will give the six-month notice required under NAFTA because he will see it as a negotiating tactic", Wiseman said. "This is effectively Canada bringing a dispute on behalf of all exporters in the world - the Europeans, Japan, China - because they're ... (more...)
Tesco's record festive trading hurt by Palmer & Harvey collapse Tesco's record festive trading hurt by Palmer & Harvey collapse
- January 11, 2018

Today, Tesco released its holiday sales and it showed a 1.9% increase, a huge miss compared to the 2.8% estimate. The German chain said sales rose 16% in December as it experienced its highest ever footfall. Over the Christmas period specifically, Tesco posted 1.9% LFL sales growth, however it noted that a positive performance in food sales during this period (+3.4%) was "offset by ongoing drag from general merchandise and lost tobacco sales due to Palmer & Harvey integration". (more...)
Jeff Bezos Of Amazon Becomes The Richest Man In History Jeff Bezos Of Amazon Becomes The Richest Man In History
- January 11, 2018

Bloomberg said Bezos' net worth reached 106 billion USA dollars while Forbes put it at 105 billion as of Wednesday. Both Bloomberg and Forbes have put Bezos on top of their billionaire lists. Bloomberg's assessment shows Gates has donated 700 million shares of Microsoft, worth $61.8 billion in today's money, and $2.9 billion in cash. This puts him ahead of Microsoft founder Bill Gates, who is now valued at $93.3 billion and Warren Buffett, CEO of Berkshire Hathaway, at $87.3 billion. (more...)
IPhone X drives a jump in retail sales IPhone X drives a jump in retail sales
- January 11, 2018

By category, sales were up for food retailing (0.2 percent), cafes, restaurants and takeaway food services (0.4 percent), department stores (0.4 percent), and clothing, footwear and personal accessory retailing (0.2. The pain for consumers has been visible in falling household savings, which have dropped to their lowest levels in a decade, as consumers try to offset flat income growth. (more...)
Judge denies CFPB official's injunction against Mulvaney Judge denies CFPB official's injunction against Mulvaney
- January 11, 2018

Senate. "The best reading of the two statutes is that Dodd-Frank requires that the Deputy Director "shall" serve as acting Director, but that under the FVRA the President "may" override that default rule", the court said. Kelly, of the U.S. District Court for the District of Columbia, said Ms. English's attorney, Deepak Gupta, promptly blasted Kelly's ruling and expressed concern over Mulvaney's intentions to drastically curtail the bureau's authority, noting his history of siding with big ... (more...)

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