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Finance

Kmart is closing four stores in Virginia, including its store at 4715 Nine Mile Road in eastern Henrico County. And Sears plans to close its store in the Southpark Mall in Colonial Heights. The announced closures reduce the total number of Sears stores in the United States to about 680 from 3,500 locations in 2010. The stores will stay open through the holidays, and will close in late January 2018.
  • Whole Foods hiring 6000 workers for National Hiring Day event

    Whole Foods hiring 6000 workers for National Hiring Day event

    Finance

    Available positions include cashiers, culinary experts and prepared food specialists. The store said it will be offering "on-the-spot" job offers to some candidates who interview Thursday. Food Dive agrees, saying that Amazon will probably use Whole Foods Market stores as "showrooms" for Amazon services and technology. The online retail giant says it will incorporate Amazon Prime as the rewards program at the grocery store and some Whole Foods products will show up on Amazon's site.
  • What's Moving Blue Apron Stock Today?

    What's Moving Blue Apron Stock Today?

    Finance

    In terms of the outlook for the second half of 2017, management expects to see net revenues in the range of $380 million to $400 million and adjusted EBITDA of -$70 million to -$75 million. Marketing expense this quarter was $34.2 million, a 31 decline from the prior year. Average revenue per customer was $245 in the third quarter of 2017, compared to $227 in the same quarter of 2016 and $251 in the second quarter of 2017.
  • United Parcel Service, Inc. (NYSE:UPS) PT Raised to $124.00

    Finance

    The rating was maintained by Stifel Nicolaus with "Hold" on Wednesday, September 20. Barclays Capital maintained the shares of UPS in report on Wednesday, February 1 with "Equal Weight" rating. Gateway Investment Advisers Limited stated it has 570,659 shares. American Bankshares, a Texas-based fund reported 1,414 shares. Since June 5, 2017, it had 0 insider purchases, and 1 sale for $214,980 activity.
  • Justice Department Considering Lawsuit To Block AT&T, Time Warner Merger

    Finance

    The Details: Time Warner Inc. Credit Suisse Group downgraded shares of Time Warner from an "outperform" rating to a "neutral" rating and set a $107.50 price target for the company.in a research report on Monday, September 18th. That seems pessimistic. The deal, announced in October 2016, had been scheduled to close by the end of this year, based on the original announcement.
  • HSBC accused of 'possible criminal complicity' in South Africa

    Finance

    HSBC is facing another scandal after Lord Hain demanded an investigation into the bank's "possible criminal complicity" in money laundering for the South African-based Gupta family . In 2012, it paid a record £1.2 billion (Dh5.85bn) settlement to the USA authorities after it was found to have been a conduit for Mexican drug gangs to launder money.
  • Bombardier announces order for 31 CSeries, worth $2.4bn

    Finance

    The new guidance came as Bombardier also announced it has signed a letter of intent with an unidentified European customer for a firm order of 31 C Series aircraft and options for an additional 30 jets. That number should more than double to between 45 and 55 next year. Revenue in the quarter was $3.8 billion, slightly up from $3.74 billion a year ago, because of a stronger performance from the company's rail unit.
  • Teva Pharmaceutical Industries Limited (TEVA)- Stocks Defying Gravity

    Teva Pharmaceutical Industries Limited (TEVA)- Stocks Defying Gravity

    Finance

    San Francisco Sentry Investment Group CA bought a new position in shares of Teva Pharmaceutical Industries Limited in the 2nd quarter valued at about $106,000. Among 30 analysts covering Teva Pharma (NYSE:TEVA), 9 have Buy rating, 4 Sell and 17 Hold. Teva Pharmaceutical Industries Limited presently has an average rating of Hold and an average target price of $27.83.
  • HSBC Holdings plc Lowers Barclays PLC (BARC) Price Target to GBX 240

    HSBC Holdings plc Lowers Barclays PLC (BARC) Price Target to GBX 240

    Finance

    Citigroup Inc. cut Whitbread plc to a "sell" rating and cut their price objective for the company from GBX 4,800 ($63.34) to GBX 3,200 ($42.23) in a report on Tuesday, September 12th. On Wednesday, June 21 the stock rating was downgraded by Seaport Global to "Neutral". The company was maintained on Tuesday, February 23 by HSBC. On Thursday, February 4 the stock rating was maintained by J.P.
  • Shell share price steady as oil major posts profit jump

    Finance

    Meanwhile, operating expenses fell in the quarter to $9,477 million compared with $9,994 million in the corresponding period previous year. Total production grew two per cent to 3.7m barrels of oil equivalent per day (boepd). company's expected EPS growth rate for three to five years now stands at 13.1%, comparing favorably with the industry's growth rate of 8.4%. The group has operations all over the world and is involved in various activities related to oil and natural gas, chemicals, ...
  • Leerink Swann Boosts Astrazeneca PLC (AZN) Price Target to $34.00

    Leerink Swann Boosts Astrazeneca PLC (AZN) Price Target to $34.00

    Finance

    The stock increased 2.16% or $0.73 during the last trading session, reaching $34.5. AstraZeneca plc (ADR) (NYSE:AZN) has risen 19.45% since November 1, 2016 and is uptrending. The stock of AstraZeneca plc (LON:AZN) earned "Buy" rating by Deutsche Bank on Wednesday, January 13. As per Monday, May 29, the company rating was maintained by Stifel Nicolaus.
  • Merck & Company, Inc. (NYSE:MRK) Stock to Watch For

    Finance

    Hurco Companies, Inc. (NASDAQ:HURC) has declined 6.35% since November 1, 2016 and is downtrending. It has underperformed by 4.66% the S&P500. Among 22 analysts covering Merck & Co. Merck & Co Inc now has $150.93B valuation. Pure Fincl Advisors owns 19,590 shares for 0.34% of their portfolio. The stock of Merck & Co., Inc. (NYSE:MRK) for 67,888 shares.
  • Alibaba Group rose 3% thanks to better than expected quarter

    Alibaba Group rose 3% thanks to better than expected quarter

    Finance

    About shares traded. F5 Networks, Inc. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) has declined 18.12% since November 2, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. The firm has "Sell" rating by Needham given on Monday, June 19. In an analyst note issued this morning, Barclays Capital restate their Overweight rating on Alibaba (NYSE: BABA ) shares.
  • Singapore Airlines Unveils New Airbus A380 Cabins

    Finance

    Singapore Airlines new A380 business class. (Jordan Chong) Singapore Airlines new A380 business class will maintain a forward facing layout. "Cathay now looks like it will be leapfrogged by SIA in the premium stakes, so it may have to look at other ways it can attract important customer travellers to stay with it", Ellis Taylor, Asia finance editor at aviation news portal FlightGlobal , said.
  • Cisco Systems' (NASDAQ:CSCO) Hold Rating Reaffirmed at Berenberg Bank

    Finance

    The stock rose 1.43% or $0.49 reaching $34.64. Primecap Management Co. CA now owns 29,127,015 shares of the network equipment provider's stock valued at $829,246,000 after buying an additional 4,013,625 shares during the period. Financial Architects reported 15,460 shares or 0.02% of all its holdings. Greylin Inv Mangement holds 0.48% or 66,275 shares. (NASDAQ: CSCO ). Heritage Wealth Advsr holds 0.14% or 8,855 shares in its portfolio.
  • Competitor offers to buy Hudson's Bay's German assets

    Competitor offers to buy Hudson's Bay's German assets

    Finance

    Both Reuters and the Financial Times reported sources as saying Signa had submitted a fully-financed bid this week and that Hudson's Bay has until the middle of November to respond to the offer. Former CEO Gerald Storch also announced last month that he was leaving the company to return to his consulting firm in November - less than two months after he helped bring the Canadian retail chain to an worldwide market.
  • Facebook reports third-quarter earnings after the bell

    Facebook reports third-quarter earnings after the bell

    Finance

    However, shares later dipped 1.7 percent to $179.50 in after hours trading after CEO Mark Zuckerberg said the company would sacrifice profitability in the near term to beef up security. Cash and cash equivalents and marketable securities - Cash and cash equivalents and marketable securities were $38.29 billion at the end of the third quarter of 2017.
  • Backing from CME sees Bitcoin rise to record $7000

    Backing from CME sees Bitcoin rise to record $7000

    Finance

    If bitcoin was dropped into the world's M1 (liquid money metric) scale on the Central Intelligence Agency global list, it would rank at #34 with more circulating cash than the likes of Turkey and Brazil. Other cryptocurrencies, however, are seeing much more mixed results. At press time, the price of a bitcoin is $6,939, according to CoinDesk's Bitcoin Price Index - a 2.8 percent gain for the day so far.
  • Open enrollment begins for Affordable Care Act

    Open enrollment begins for Affordable Care Act

    Finance

    Despite some indications, lower costs are possible for people who qualify. But even before Trump recently cut off cost sharing payments to insurers because such payments were not specified in Obamacare , BlueCross BlueShield of Tennessee planned to boost individual rates by an average 21 percent in 2018.
  • Papa John's International, Inc. (NASDAQ:PZZA) Dips Under Moving Averages

    Finance

    Finally, Sei Investments Co. increased its stake in Papa John's global by 2.8% in the second quarter. During the same quarter in the previous year, the firm earned $0.57 earnings per share. They set a "buy" rating and a $90.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company.