Business

Pentagon, Lockheed Martin reach agreement for 90 F-35 jets

Pentagon, Lockheed Martin reach agreement for 90 F-35 jets The $8.2 billion contract saves the Pentagon about $728 million. This is more than the $600 million that U.S. President Donald Trump claimed on Monday he had been able to shave off from the F-35 program, which he had described as "out of control" in December. [Full Article...]

Kim Kardashian's fashion BFF Riccardo Tisci leaves Givenchy

Kim Kardashian's fashion BFF Riccardo Tisci leaves Givenchy Creative Director of the fashion house Givenchy , Ricardo Tisci, has declined to renew his contract. He thanked Givenchy for giving him a platform to express his creativity over the years, adding: "I now wish to focus on my personal interests and passions". [Full Article...]

Hudson's Bay Co. reported to be in bid for Macy's

Hudson's Bay, meanwhile, acquired Saks Fifth Avenue back in 2013 for $2.4 billion. Macy's has been selling some stores piecemeal, and recently formed a joint venture with Brookfield Asset Management that could enable 50 or more stores to be fully or partially redeveloped. [Full Article...]

Anadarko Petroleum Corporation (APC) is Upgraded by Atlantic Equities to " Neutral"

During the same period in the prior year, the firm posted ($0.57) earnings per share. They now have a United States dollars 98 price target on the stock. Atlantic Equities advised their Clients and Investors in a research report released on Feb 1, 2017. Company shares were Reiterated by RBC Capital Mkts on Jan 13, 2017 to Outperform, Raises Price Target to $ 82 from a previous price target of $81. [Full Article...]

WEEI parent company buys The Sports Hub, other CBS Radio stations

WEEI parent company buys The Sports Hub, other CBS Radio stations Entercom (NYSE:ETM) is up 5.3% after a brief opening spike to a 52-week high on news that CBS Radio ( CBS +0.5%) is merging with the company in a tax-free deal. "These two great companies, with their impressive histories, complementary assets, and premier content and brands, are a ideal strategic and cultural fit, enabling us to deliver local connection on a national scale and drive accelerated g... [Full Article...]

Snapchat files plans for stock market listing

Snapchat files plans for stock market listing The maximum proposed offer amount is $ 3 billion . Snapchat faces increasing competition from Facebook (FB), especially at its Instagram photo-sharing app. Meanwhile sales, which are primarily generated through advertising, jumped to $404.5m in 2016 from $58.7m in 2015. "Nor can we predict whether this structure will result in adverse publicity or other adverse consequences". [Full Article...]

EU, Mexico accelerate talks to update free trade pact

Mexico denies that Trump's remarks were threatening. During the TV debates ahead of the 2016 election, Mr Trump called NAFTA "the worst trade deal maybe ever signed anywhere, but certainly ever signed in this country". "It is the policy of my administration to represent the American people and their financial well-being in all negotiations, particularly the American worker, and to create fair ... [Full Article...]

BoE upgrades economy growth forecast to 2% for 2017

BoE upgrades economy growth forecast to 2% for 2017 He reiterated his previous comments that monetary policy can respond "in either direction" to changes to the economic outlook as they unfold to ensure a sustainable return of inflation to the 2% target. That growth forecast was well above the 1.4% GDP growth that policymakers had forecast in November and is in stark contrast to the slowdown predicted by the Bank and others in the wake of last summ... [Full Article...]

Drilling Down Into Colgate-Palmolive Co. (CL)

Drilling Down Into Colgate-Palmolive Co. (CL) This would indicate that the analyst believes there is a potential upside of 8 .9% from the opening price of 64.29 United States dollars. The stock was sold at an average price of $65.99, for a total transaction of $252,939.67. (NYSE:CL) reported its Actual EPS of $0.75/share. The Company, through its Hill's Pet Nutrition segment, manufactures pet nutrition products for dogs and cats with products... [Full Article...]

After Trump's Immigration Order, Maine ACLU Sees Spike in Support

After Trump's Immigration Order, Maine ACLU Sees Spike in Support The search giant has created a $4 million crisis fund that benefits the American Civil Liberties Union , Immigrant Legal Resource Center, International Rescue Committee and United Nations High Commissioner for Refugees. And so far, they're making good on this promise to "be vigilant every day" of Trump's tenure. "I would like to make a plea for everyone, if they can, any money they have t... [Full Article...]

Diageo to spend €25m on developing whiskey brand

The brand pays homage to George Roe, who is credited with building the golden era of Irish whiskey in the 19th century. With that in mind, it makes sense that Diageo and Guinness would want to invest in some USA -focused innovation stateside. [Full Article...]

USA court rejects Teva's patent-infringement claims on Copaxone

Minniti, who has researched the pharmaceutical industry, antitrust, and intellectual property law. Teva Pharmaceutical Industries Ltd (ADR) was Downgraded by Wells Fargo to Market Perform on Jan 9, 2017. The average true range of the stock is observed at 0.82 and the relative strength index of the stock is recorded at 46.89. Shares of Teva Pharmaceutical Industries fell Tuesday after a federal... [Full Article...]

Shell to sell North Sea assets to Chrysaor for $3.8 bln

The sold assets produced 115,000 barrels per day a year ago, with 400 staff transferring from Shell to Chrysaor. Shell and rival majors like BP have struggled to turn a profit there but buyer Chrysaor, a United Kingdom company which is backed by USA private-equity house EIG Partners, claims to specialise in the "commercialisation of dormant oil and gas discoveries" and will hope to turn that aro... [Full Article...]

Schumer vows to fight Trump's immigration order

Schumer vows to fight Trump's immigration order Senator Chris Murphy, Democrat of CT, said he would introduce legislation to overturn Trump's order by forcing him to comply with the 1965 Immigration and Nationality Act, which banned discrimination against immigrants on the basis of national origin. [Full Article...]

VW beats Toyota in 2016 global auto sales

VW's sales were up more than 12% in China, to 4 million units, outpacing 4% growth in Europe and a 2% fall in the United States, where the cases of emissions-test cheating first came to light. This was less than the 10.3 million sold by Volkswagen , which posted record high global sales despite its diesel emissions scandal. For Volkswagen , last year's gains came primarily from China, where it... [Full Article...]

Tempur Sealy Put To Bed After Cutting Ties With Mattress Firm

Tempur Sealy Put To Bed After Cutting Ties With Mattress Firm Tempur Sealy said it issued formal termination notices to Mattress Firm on Friday. Tempur Sealy had seen profit climb the past three quarters amid gains in consumer confidence and US home construction. He said the company met last week with representatives of Mattress Firm and its new owner, Steinhoff International, after the retailer notified the company the supply contract would be ended ... [Full Article...]

President Bush discharged from hospital after recovering from pneumonia

President Bush discharged from hospital after recovering from pneumonia The statement also paid tribute to the "world-class care that both his doctors and nurses provided". Bush, 92, was admitted to Houston Methodist Hospital on January 14 because he was having trouble breathing. Last week , he was said to be working with physical therapists on regaining his strength. Bush has been allowed to return to his Houston home, McGrath said. [Full Article...]

Vodafone India Confirms Idea Cellular Talks

It added there was "no certainty that any transaction will be agreed, nor as to the terms or timing of any transaction". Idea Cellular, too, confirmed the talks in response to stock exchange requests for clarification. That essentially means that it will be mandatorily required to sell almost 1% of that spectrum in order to comply with the spectrum cap norms. That Vodafone is in talks to combi... [Full Article...]

Police warning over scam callers who ask 'Can you hear me?'

Police warning over scam callers who ask 'Can you hear me?' State Attorney General Patrick Morrisey's office says the scam involves the recipient of an unsolicited phone call being asked "Can you hear me now?" Just hang up . "Authorities said that the goal of the scam is to record a 'Yes" answer from the owner, which they will use later for a nefarious objective. BBB President and CEO Jim Hegarty explains, "The con artist already has your phone number a... [Full Article...]

Accused Fla. airport shooter pleads not guilty to federal charges

Then Santiago, clad in a red prison jumpsuit, was led back to the lockup. His lawyer said Santiago pleaded not guilty to all charges. There, he opened fire in the airport's crowded baggage claim, shooting until he was out of ammunition. Santiago, who remains in the Broward County jail, will appear at 11 a.m. before U.S. District Court Magistrate Lurana Snow at the federal courthouse in Fort Lauder... [Full Article...]


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