Money

Malaysia's manufacturing conditions stagnate during February

Malaysia's manufacturing conditions stagnate during February Duncan Brock, director of customer relationships at the Chartered Institute of Procurement & Supply: "The biggest news in February was that despite the limited output, employment levels rose at the second fastest rate since the middle of 2014, fuelled largely by optimism from respondents that things would get better". [Full Article...]

Ardern to discuss treatment of Kiwi prisoners in Australia

Ardern to discuss treatment of Kiwi prisoners in Australia Sitting down for an hour of talks after Ardern was welcomed to Admiralty House, Turnbull said the pair had already discussed a number of issues over dinner at his Piper Point mansion, quipped they had left enough to fill out the rest of the day. [Full Article...]

Morneau defends budget, says Ottawa must play both short and long game

Morneau defends budget, says Ottawa must play both short and long game The deficit for the upcoming year (2018/19) is pegged at $18.1 billion, with cumulative deficits of $72.8 billion over the government's first mandate. The budget also committed to creating a publicly funded pharmacare plan, but the document and announcement provided no details. The budget projects a debt-to-GDP ratio of 30% in 2018-2019. [Full Article...]

JC Penney shares sink 8% after sales miss

JC Penney shares sink 8% after sales miss Penney to close Wauwatosa distribution center, cut 670 jobs ", Milwaukee Journal Sentinel , February 13, 2018. It has outperformed by 33.40% the S&P500. Penney also forecast comparable sales would be unchanged to up 2% at most this year. Therefore 10% are positive. Envestnet had 28 analyst reports since August 11, 2015 according to SRatingsIntel. [Full Article...]

Cellphone catches fire, delays takeoff of Vancouver-bound flight

Cellphone catches fire, delays takeoff of Vancouver-bound flight Air Canada did not provide details on how many airports were affected but Toronto Pearson International Airport has not reported disruptions. Air Canada flight 101 was preparing to depart from Toronto-Pearson Airport around 7 a.m.to Vancouver when the fire began, the spokesperson said. [Full Article...]

Kepler Capital Markets Reiterates Hold Rating for Bakkavor Group (BAKK)

Finally, Barclays dropped their price target on shares of RSA Insurance Group from GBX 678 ($9.37) to GBX 669 ($9.24) and set an "overweight" rating for the company in a research report on Thursday, February 1st. The company has market cap of $1.38 billion. It operates through three divisions: Consumer, Productions, and External Lottery Management. It has a 31.04 P/E ratio. [Full Article...]

Riccardo Tisci To Replace Christopher Bailey As Chief Creative Officer

Riccardo Tisci To Replace Christopher Bailey As Chief Creative Officer He'll remain president and chief creative officer until 31 March 2018, when he will step down from the board, though he will stay at the company until the end of the year in order to ensure a smooth transition. Tisci offset the intricate couture creations the house was known for with easy-to-wear merchandise including logo T-shirts that helped Givenchy expand from fewer than 10 stores to around ... [Full Article...]

Mark Carney: It's time to regulate Bitcoin

Mark Carney: It's time to regulate Bitcoin Cryptocurrencies are now banned in Bangladesh, Bolivia, Ecuador and Morocco while China has recently banned exchanges, financial institutions and payment processors from handling them. "That's quite a lottery", he said. Carney noted that "extreme volatility", and said it reflected a a lack of any intrinsic value or external backing. [Full Article...]

LL Bean will no longer sell guns, ammo to those under 21

LL Bean will no longer sell guns, ammo to those under 21 Arthur Milonas, who was loading his vehicle after shopping at the store, said the he supported "better background checks" and was for "sellers to be more careful", but did not support a ban. "We don't want to be a part of the story any longer", Stack said . " But thoughts and prayers are not enough ". "I believe in the second amendment, but the big problem we have right now is with this ineff... [Full Article...]

American Outdoor Brands (AOBC) Receives News Sentiment Rating of 0.27

A number of other equities analysts have also recently commented on the stock. American Outdoor Brands Corporation (NASDAQ:AOBC) is presenting price to cash flow of 7.23 and free cash flow concluded as 15.85. Schwab Charles Investment Management Inc. now owns 364,298 shares of the company's stock valued at $5,556,000 after buying an additional 18,563 shares during the period. [Full Article...]

Toys R Us begins nationwide closing down sale

Toys R Us begins nationwide closing down sale He added that the retailer has been struggling to mitigate the impact of the pound's devaluation post the Brexit vote, a weak consumer environment and the withdrawal of credit insurance. For shoppers at Toys R Us , the online service and click-and-collect have been closed immediately, with stores expecting large-scale sales in the coming days and weeks. [Full Article...]

Ukraine to Procure 210 Javelin Missiles from US Army Stocks

Ukraine to Procure 210 Javelin Missiles from US Army Stocks Congress has 30 days to stop the deal, but is not expected to as providing lethal aid to Ukraine has been supported by both Republicans and Democrats. The purchase's prime contractors will be Raytheon Co. and Lockheed Martin . Previously the United States has provided Ukraine with small arms, as well as training and support equipment. [Full Article...]

Crude oil prices hover near 1-week lows in cautious trade

At 423.5 mil-lion barrels, US crude oil inventories are in the lower half of the average range for this time of year, which should stimulate optimism despite a consistent growth in production in the shale patch and upcoming refinery maintenance season that will certainly affect inventories. [Full Article...]

Delta's stance on NRA caters to left, should spark boycotts

Delta's stance on NRA caters to left, should spark boycotts More than a dozen companies have ended discount programs for NRA members in recent days, including Delta , United, insurer MetLife , and auto rental companies Avis Budget and Hertz . "We value all our customers but have made a decision to end our discount program with the NRA", the company tweeted . "In time, these brands will be replaced by others who recognize that patriotism and det... [Full Article...]

Gun Debate: REI Places 'Hold' On Vista's CamelBak, Other Brands

Gun Debate: REI Places 'Hold' On Vista's CamelBak, Other Brands It also sells assault-rifle-style "modern sporting" rifles, tactical gear and assorted gun accessories and is best known as an ammunition supplier. MEC joins several major USA retailers, including Dick's Sporting Goods and Walmart , in revising their policies in the wake of the February 14 mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida. [Full Article...]

Georgia Legislature Punishes Delta for Cutting Ties With the NRA

Georgia Legislature Punishes Delta for Cutting Ties With the NRA Georgia's Senate Rules Committee voted to strike a part of the bill that would have eliminated the state's tax on jet fuels, resulting in a $50 million tax break for Delta Airlines after the company chose to cut a discount program for National Rifle Association members. [Full Article...]

New Jersey man takes $1600 Uber ride home after night of partying

New Jersey man takes $1600 Uber ride home after night of partying The tab for the ride came out to a whopping $1,635.93. Couldn't he just get out of the auto once he realized what was happening? By the time the disoriented Bachman woke up in the Toyota Sienna, he was about 30 minutes away from his hometown in Gloucester County, New Jersey. [Full Article...]

Trump to Governors: 'Don't Worry About the NRA-They're on Our Side'

Trump to Governors: 'Don't Worry About the NRA-They're on Our Side' Trump embraced the National Rifle Association's call to safeguard schools by arming teachers, but also voiced support for strengthening background checks for prospective gun buyers - a proposal the NRA has traditionally resisted. "Ever since they started attacking me, my Twitter followers are now a quarter of a million people". The official said the NRA would prefer that the White House pursue... [Full Article...]

Trump reaches $3.9 billion deal with Boeing on new presidential planes

Trump reaches $3.9 billion deal with Boeing on new presidential planes Those figures, however, do not seem to square with previous comments by the president when he said that $4 billion was too much to pay and threatened to cancel a planned project for two new presidential planes. Boeing CEO Dennis Muilenburg and Trump talked the day after Trump's tweet and the CEO promised that the company would work to limit the cost of the new planes. [Full Article...]

Ford taking it to Miami streets to test self-driving auto service

Ford taking it to Miami streets to test self-driving auto service Ford has pitched the plan as a way to test whether autonomous vehicles can fix a city's traffic woes, but in reality, the company seems to just be doing major delivery companies a solid by helping them test whether driving pizza around using robots will be cheaper than human labor. [Full Article...]


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