Finance

Amazon's $13.7 billion purchase of Whole Foods means the supermarket, and retailing overall, will never be the same. It reinforces the Amazon interest in the sector and also offers an insight into where they're going. Target tumbled by 10 percent and Walmart was down by 6 percent. Online delivery of groceries so far has been tough for any company to pull off because of customers' concerns about the quality of meat and produce, Wedbush Securities analyst Michael Pachter said.
  • President Trump condemns 'wicked ideology' behind Manchester attack

    President Trump condemns 'wicked ideology' behind Manchester attack

    Finance

    Speaking later alongside Israeli Prime Minister Benjamin Netanyahu at the Israel Museum in Jerusalem, Trump struck a more somber tone, offering his condolences to the victims and their families. While police believe the suspect was acting alone, investigations are ongoing to establish if he was part of a network. Abbas also expressed his "warm condolences" to the victims of the attack and to the British people.
  • All Blacks Sevens end season on low note

    All Blacks Sevens end season on low note

    Finance

    The 28-21 quarter-final victory was not only the first time the Scots had beaten New Zealand on the sevens circuit, it was the first occasion on which any Scottish team had defeated a New Zealand representative side at any level since the nations first met in a 15-a-side match in 1905.
  • AT&T Workers Across 36 States Began 3-Day Strike Friday

    Finance

    Dennis Trainor, vice president of CWA District 1, said in a statement all employees will return to work on Monday at the start of their scheduled shift. AT&T customers could find it hard to obtain help this weekend if something were to happen to their DirecTV, U-Verse, or AT&T wireless service, as AT&T union workers walked off the job today following failed contract negotiations.
  • Hackers obtain upcoming 'Pirates of the Carribbean' film

    Hackers obtain upcoming 'Pirates of the Carribbean' film

    Finance

    While the affected movie hasn't been announced, Disney's upcoming big-budget films include "Pirates of the Caribbean: Dead Men Tell No Tales" and " Cars 3 ". While Iger didn't disclose the movie title, Deadline is reporting it is the Johnny Depp-Orlando Bloom blockbuster - which is scheduled for release later this month.
  • US retail sales rebounded in April after sluggish winter

    US retail sales rebounded in April after sluggish winter

    Finance

    The Commerce Department said Friday that retail sales increased 0.4 percent in April from March. Retail trade sales were up 0.4% from March 2017, and up 4.5% from previous year. Last month's gain in retail sales was solid but not particularly strong. Shares in JC Penney sank 10% after it became the latest department store chain to report disappointing results.
  • Tesla Solar Roof pre-orders launched

    Tesla Solar Roof pre-orders launched

    Finance

    Tesla CEO Elon Musk said that the company's new solar roof tiles would hit homes in April . Tesla is very confident about their product and has announced a lifetime warranty it for the buyers. Tesla , of course, acquired SolarCity in a deal worth $US2.1 billion in November 2016, shortly after it revealed the solar shingles. The solar ones are way more expensive because of the circuitry involved.
  • Turkmenistan to join OPEC-led oil supply cut

    Turkmenistan to join OPEC-led oil supply cut

    Finance

    The relative cost of options protecting against a drop in West Texas Intermediate crude has fallen to its lowest since August, thanks to a big drop in producer hedging, Societe Generale SA said on Friday. Saudi Arabia , the de-facto OPEC leader, has said it expects cuts to be extended. USA light crude oil was up 7 cents at $47.90. Despite this, analysts warned that markets remained well supplied.
  • Wall Street 'fear index' plumbs two-decade low

    Wall Street 'fear index' plumbs two-decade low

    Finance

    Copper bounced from the four-month low touched on Monday after data showed a sharp drop on imports into China, the world's biggest consumer. Eight of the 11 major S&P sectors dipped, with the materials index .SPLRCM down 0.8 percent and energy .SPNY rising 0.5 percent on the back of higher oil prices.
  • Hertz Global Holdings, Inc. (NYSE:HTZ) Shares Tick -9.16% For the Week

    Finance

    The Estero, Florida-based company said it had a loss of $2.69 per share. First Manhattan Co. increased its position in Hertz Global Holdings by 251.6% in the first quarter. Hertz Global Holdings, Inc (NYSE: HTZ ) revealed a loss per share of $1.61 for the first quarter, which was wider than the Street expectations of a loss of 91 cents a share.
  • Rajnath calls for financial choking of Maoists

    Rajnath calls for financial choking of Maoists

    Finance

    The Naxal problem can not be resolved through "silver bullets" or any shortcut but through short-term, medium-term and long-term solutions, said Mr Singh, who is chairing the meeting. Mr. Singh also asked the CAPF personnel to learn and respect the local customs and traditions of tribals, wherever they are posted. Also, aids like PTZ cameras, Global Positioning System tracking and satellite imagery must be employed.
  • Ramdev's fast food chain to take on MNCs

    Ramdev's fast food chain to take on MNCs

    Finance

    Patanjali has strong and big product line consisting of biscuits, shampoos, noodles and dairy products and much more. Ramdev said Patanjali was working on a blueprint for a restaurant chain. Patanjali's desi (Indian) versus foreign products pitch has seen the company capturing sizeable market share. A jump from Rs 5000 crore revenues to Rs 10,216 crore in a year is no small feat, especially in the cut-throat FMCG sector.
  • National Day of Prayer draws people to church

    National Day of Prayer draws people to church

    Finance

    The National Day of Prayer is an annual observance held on the first Thursday of May. "I can see it in your faces", Dalton Mayor Dennis Mock told those who filled the big courtroom for the local observance of the National Day of Prayer .
  • UFC creates 4th weight class for women, adding 125-pounders

    UFC creates 4th weight class for women, adding 125-pounders

    Finance

    Now the UFC has three female weight divisions, bantamweight (135 pounds), strawweight (115 pounds), and featherweight (145 pounds). It's welcome news for the sport in general, as many female athletes in the UFC have been forced to choose between fighting as an undersized 135-pound bantamweight or a shrunken 115-pound strawweight.
  • USA trade deficit edges lower in March

    USA trade deficit edges lower in March

    Finance

    The trade deficit in goods with China rose 7 percent to $24.6 billion in March from $23 billion in February on rising imports of Chinese cellphones and telecommunications equipment. However, automobile imports increased by $1.0bn. Trade figures also carry political implications as President Donald Trump seeks to revamp USA trade deals with other countries.
  • Stock Update on Earnings & Estimates for Cooper Tire & Rubber Company (NYSE:CTB)

    Stock Update on Earnings & Estimates for Cooper Tire & Rubber Company (NYSE:CTB)

    Finance

    Moreover, Blackrock Institutional Na has 0.03% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 7.45 million shares. Goodyear Tire & Rubber Co's revenue was up.2% compared to the same quarter previous year. The stock has a consensus rating of "Hold" and a consensus price target of $34.94. Deutsche Bank maintained Cooper Tire & Rubber Co (NYSE:CTB) on Friday, August 7 with "Hold" rating.
  • American Airlines tops 1Q profit views; unveils pay boost

    American Airlines tops 1Q profit views; unveils pay boost

    Finance

    On Thursday's earnings call, Parker attempted to persuade skeptical stock analysts of the value of keeping morale high in its labor force. "Shareholders get leftovers", wrote Citi analyst Kevin Crissey in a note to clients. Responding to skeptical analysts the day after the pay raise, Parker described the higher wages as a correction to years of "incredibly hard times" for airline employees.
  • Oil falls after failed North Korean missile test, USA rig count gains

    Finance

    U.S. crude oil production has climbed to 9.24 million barrels per day, according to the latest Energy Information Administration data , making it the world's third-largest producer after Russian Federation and Saudi Arabia. Volumes were thin, with about 152,000 Brent futures contracts and about 296,000 WTI contracts changing hands, less than half of Thursday's trading volumes.
  • Marissa Mayer Will Get Huge Payday From Yahoo Sale

    Marissa Mayer Will Get Huge Payday From Yahoo Sale

    Finance

    Mayer took over Yahoo in July 2012, the fourth CEO in as many years. Yahoo was never able to rekindle its revenue growth under Mayer's stewardship. The money, detailed in a 429-page document sent to shareholders, includes the value of shares already owned, outstanding share options, a "golden parachute" payment, cash payments and medical benefits.
  • Is this a new Trump? Abrupt reversals may reflect experience

    Finance

    A US Treasury spokesman confirmed that the Treasury Department's semi-annual report on currency practices of major trading partners, due out later this week, will not name China a currency manipulator. Japan, South Korea, Taiwan (Taiwan OTC: 6549.TWO - news) and Switzerland also were again included on Treasury's monitoring list. Commerce Secretary Wilbur Ross has said that the issue of "currency misalignment" - which could also include unintentional devaluations - will be addressed in a ...
  • FCC Chairman Expected to Outline Net Neutrality Plans on Wednesday

    FCC Chairman Expected to Outline Net Neutrality Plans on Wednesday

    Finance

    Pai's office declined to comment. Democrats and privacy advocates have said net neutrality is crucial to keeping the internet open. The regulations reclassified ISPs much like utilities . Nearly two dozen smaller ISPs have told FCC chairman Ajit Pai that the FCC's 2015 Open Internet order reclassifying ISPs as Title II common carrier telecom services "hangs like a black cloud", a cloud they are urging him to dispel ASAP.
  • AT&T CEO Expects Time Warner Deal to Happen 'This Year'

    AT&T CEO Expects Time Warner Deal to Happen 'This Year'

    Finance

    Dallas, Texas-based telecom giant's first-quarter profit dropped to $3.56 billion or $0.56 per share from $3.89 billion or $0.61 per share a year ago. The American wireless giant said it added 2.7 million wireless customers including 2.1 million in the USA, driven by prepaid and connected devices.