Thursday, 18 July 2019
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Coach Inc. To Acquire Kate Spade & Co. In $2.4 Bln Deal

Coach's decision to buy Kate Spade follows its successful acquisition of designer shoe company, Stuart Weitzman in 2015, for which it paid US$574 million. The idea is to improve scale and inventory management, as well as streamline Kate Spade's supply chain. Kate Spade CEO Craig A. Levitt also anticipated the benefit of Coach's guidance. Read More »

North Korea could lose its sole friend China

On the contrary, China should "acknowledge in an honest manner that the DPRK has just contributed to protecting peace and security of China, foiling the US scheme for aggression by waging a hard fight in the front line of the showdown with the USA for more than seven decades, and thank the DPRK for it", according to the North Korean paper. Read More »

Bank levy centrepiece of federal budget

Road, rail and runway construction will support growth from Western Sydney to Western Australia, Treasurer Scott Morrison announced in Canberra today. He would not say whether he would retain last year's target of returning the budget to surplus in 2020-21. "We would be naive to think this won't have implications for Australia", he said. Read More »

Chaos at Florida airport after Spirit flights canceled

Travelers told CNN that passengers stormed off a plane after a flight cancellation, and surrounded a ticket counter where dozens of other passengers were in line. Reports said the Broward Sheriff's Office arrested three people on charges of inciting a riot. Chaos broke out at a Florida airport Monday night when hundreds of people found out their flights were canceled, landing three people from NY behind bars. Read More »

FBI chief known for judgment calls is done in by turmoil


In a letter to Comey on Tuesday, Trump said he received letters from the attorney general and deputy attorney general recommending that Comey be fired , and the president has accepted their recommendation. The White House said Trump was acting on Rosenstein's and Sessions' recommendation to fire Comey . Trump fired Comey upon recommendation from the Department of Justice. Read More »

China April CPI Inflation Rises 1.2% YOY; PPI Slows to 6.4%


Julian Evans-Pritchard, China economist at Capital Economics, said: "Consumer price inflation. may inch up further, but should remain below two per cent". Amid falling commodities prices and the lowering of inventories, the official producer price index rose 6.4 per cent in April compared with the same month previous year, the National Bureau of Statistics said on Wednesday. Read More »

With Billions At Stake, Trump Agrees To Mend NAFTA - Not End It


He decided that it would be better to terminate the trade deal after hearing about Wisconsin farmers' struggles with new Canadian dairy rules that were shutting out their milk protein exports. In the early 90s, the United States used to enjoy a tiny trade surplus with its southern neighbor but by 2016 that had transformed into a deficit totaling $63 billion. Read More »

The Saga PLC's (SAGA) "Neutral" Rating Reiterated at JPMorgan Chase & Co


Since January 1, 0001, it had 0 insider buys, and 18 insider sales for $112.08 million activity. 140,514 shares of the company's stock traded hands. (NASDAQ:CVCO) has risen 22.35% since September 27, 2016 and is uptrending. The Controls segment is engaged in the design, manufacture and sale of electric actuators. It now has negative earnings. It also has interests in industrial assets that include mining, smelting, refining and warehousing operations. Read More »

GCPL Q4 Net jumps three-fold to Rs 389.91 crore


Vivek Gambhir will continue as managing director and CEO. Under Nisaba's leadership, GCPL has developed a very strong, engaged and ambitious team, and consistently ranked as a great place to work. Share of overseas revenues in the company's total revenue during the same period, similarly, has gone up from nearly negligible to over 48%. The total income from operations of the company stood 12.78 per cent up at Rs 2,489.49 crore during the quarter under review from Rs 2,207.37 crore ... Read More »

Here's what Warren Buffett said about IITs and India

The topic arose at Berkshire Hathaway's shareholder meeting in Omaha, where Buffett talked about his struggles to find ways to deploy the company's enormous hoard of more than $90 billion in cash, at a time when it has been hard to find worthy investments at an attractive price. Read More »

Manchester United manager Jose Mourinho considering weakened team for Arsenal trip


Mourinho said: 'The players that are in accumulation, the players that are with lots of minutes because we played nine matches in April and this one, so 10 matches in four-and-a-half weeks. "He's scored major goals for United and again he's got the important goal". With this in mind, Jose Mourinho used the press conference ahead of the first leg of their semifinal against Celta Vigo to talk up what an achievement a Europa League win would be. Read More »

News Corp revenue beats expectations thanks to cost cuts, higher digital returns


Thomson said the newspaper segment "was a source of growth this quarter - in both revenues and profitability", helped by digital subscriber gains of more than 300,000 at the Wall Street Journal . New Corp's loss from continuing operations was break-even, compared to a $128 million loss in the prior year. The business includes REA Group Ltd REA.AX , an Australian company which advertises property and property-related services on websites and mobile apps, and Move Inc, which operates ... Read More »

Analysts Ratings on: Sabra Health Care REIT, Inc. (SBRA)


The company rocked its 52-Week High of $29.1 and touched its 52-Week Low of $19.3. A high ROIC number typically reflects positively on company management while a low number typically reflects the opposite. During the same quarter in the prior year, the company posted $0.64 EPS. The company provided EPS guidance of $2.19 - $2.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.34. Read More »

Edmonton opens 2nd round with wild win

While the Ducks did find the net in Game 1 scoring 3 goals, their struggle to score in Game 2 means someone other than their captain Ryan Getzlaf will have to score. The Ducks had 40 shots on net, and 19 in the third period. Silfverberg cut the deficit in half with 4:16 left in the second, unleashing a blast of a shot that Talbot would have struggled to stop even if Patrick Eaves was not expertly blocking his line of sight. Read More »

Google (NASDAQ:GOOGL) Reports 29% Increase in Profit

But Alphabet is also benefiting from other ventures including its growing cloud business and revenue from its hardware (i.e Pixel smartphone) and Google Play Store. The company's total advertising revenue was $21.4 billion. "We have wanted to see Google be more than just an advertising company", he said . "Technically, we are making the breakthroughs are needed", he said later, noting that Daydream is doing well with early adopters of VR technology. Read More »

Cisco Systems, Inc. (CSCO) Still Small, But Ramping Quickly


The stock on eased up 0.57% and finished the day at $7.11. Also, Director Steven M. West bought 3,027 shares of the stock in a transaction on Wednesday, February 22nd. Cisco Systems's dividend payout ratio (DPR) is now 49.52%. COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Markets Daily and is the property of of Markets Daily. Read More »

Puerto Rico governor says Title III bankruptcy is imminent

Rossello's fiscal plan for the island, approved by the oversight board in March, forecasts Puerto Rico having only $800 million a year to pay debt, less than a quarter of what it owes. FILE - In this October 29, 2016, file photo, Ricardo Rossello , then the Puerto Rican gubernatorial candidate, speaks during a forum, in San Juan, Puerto Rico. Read More »

Senate passes government funding bill, now heads to President Trump

One California House Republican is "listening to his constituents" about health care reform. Republicans' major victory in the measure is a boost to defense spending - a $25 billion increase for the US military over the 2016 level. That would claim a victory for President Donald Trump, six weeks after almost leaving it for dead and days after support from GOP moderates seemed to crumble anew. Read More »

Investors treat Warren Buffett like a celebrity

Last year, Buffett said CNBC - cyber, nuclear, biological and chemical attacks - posed a major threat to the economic well-being of Berkshire shareholders. When a protester from Germany delivered a long speech decrying Coke, sugar and capitalism itself, Buffett said he would continue to drink his favorite beverage, Cherry Coke. Read More »

Canada deploys troops to evacuate thousands of residents


In Quebec, the province hardest hit by the flooding, more than 1,500 homes have been flooded in 121 towns and cities and almost 1,000 people evacuated, the emergency services said. "But I know it's hard". The federal government has asked employees who work in Gatineau to avoid travelling to their offices on Tuesday for a second day in a row. Read More »

Stock Seesawing Amidst Rampant Activity: Office Depot, Inc. (NASDAQ:ODP)


The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 5.44 and a beta of 3.26. The stock has a 50 day moving average of $4.78 and a 200-day moving average of $4.49. The disclosure for this sale can be found here. The stock has fallen 17 percent in the last 12 months. Glenhill Advisors Ltd Liability owns 1.23% invested in Office Depot Inc (NASDAQ: ODP ) for 3.86M shares. Read More »

Apple Surprises With Another iPhone Decline

Apple is actively working to grow its employee base, developer base and manufacturing base, Cook said. "We're very optimistic about our future in this remarkable country with its very large, young and tech savvy population, fast-growing economy and improving 4G network infrastructure", Cook said. Read More »

Coach to buy Kate Spade for $2.4 billion


Below we'll highlight some of the key takeaways from the acquisition. Coach is now quite open about being the first American company to take a page out of that French fashion business playbook and consolidating familiar luxury brands under one ownership group. Read More »

Hollande urges French to reject Le Pen


She did not mention shechitah, the kosher slaughter of animals, during in her statement about halal during a campaign visit at a meat market near Paris , but she did say that she wishes to outlaw any slaughter of animals without stunning. They are the humungous losers of the first round of this presidential election. While Le Pen failed to make her trademark themes of immigration, security and terrorism the core of the first campaign, the FN's Dussausaye said it would be an important theme ... Read More »

Goa Assembly passes state GST bill


Four key GST legislations - the Central GST Act, the Integrated GST Act, the GST (Compensation to States) Act and the Union Territory GST Act - were passed by the Parliament in its last session. He said that the government will hold extensive training programme for small traders in June. He also said that the reform should have been passed 10 years ago, but the then NDA, for their own political reasons, rejected it. Read More »

SpaceX Just Launched A Top-Secret Spy Satellite

SpaceX's business rival United Launch Alliance , a joint venture between Lockheed Martin and Boeing, had previously nearly cornered the market for national security-related rocket launches. A video released by SpaceX on Twitter showed the rocket-booster landing from two angles. The launch put a privately-owned Luxembourg company satellite into orbit . Read More »

North Korea escalation, South China Sea dominate ASEAN meeting in Manila

In a Chairman's Statement released Sunday, ASEAN leaders said the completion of framework will facilitate the early conclusion of an "effective COC". The Asean leaders in attendance were Myanmar state counselor Aung San Suu Kyi, Singapore Prime Minister Lee Hsien Loong, Thailand Prime Minister Prayuth Chan-ocha, Vietnam Prime Minister Nguyen Xuan Phuc, Laos Prime Minister Thongloun Sisoulith, Brunei Sultan Hassanal Bolkiah, Cambodia Prime Minister Hun Sen, Indonesia President Joko Widodo, ... Read More »

Jeremy Corbyn addresses hundreds of people during Leamington visit


Mr Corbyn was joined by Labour's candidate for Warwick and Leamington Matt Western to meet campaigners and members of the public. It is significant that some commentators on the right are already speculating that Mrs May looks set to be the most leftwing Conservative leader for 40 years, with the most rightwing parliamentary party. Read More »

Hamas Elects New Politburo Chief: Haniyeh Replaces Meshal as Political Leader


It says, naturally, that it will fight to get a free Palestinian state, but it has dropped its longstanding call for Israel's destruction. Tensions between Fatah and Hamas have been on the rise over the last few weeks due to the PA's decision to stop transferring funds to pay its employees living in the Gaza Strip, who haven't been performing their duties since Hamas took control of the area in 2007. Read More »

Predators regain series lead...Ducks whip Oilers

While the Anaheim Ducks dominated the puck and peppered the Edmonton net with shots over the final two-and-a-half periods, Cam Talbot stood tall - when he wasn't sprawling, diving or gloving everything in sight. Defensemen Ryan Ellis and Roman Josi also scored, and Colton Sissons added two assists. The Oilers returned to their dressing room with the lead despite getting just three shots on goal, compared to 12 for the Ducks. Read More »