Finance


11 dead, 40000 homes damaged in Louisiana flooding
- August 18, 2016

Although floodwaters were receding in many parts on Tuesday, they were continuing to rise in other areas mostly in the south of the state. Louisiana was under a state of emergency over the weekend with at least six people dead and 20,000 people rescued due to an "historic" flooding event affecting the state for the previous few days. (more...)
Barnes & Noble ousts CEO Barnes & Noble ousts CEO
- August 18, 2016

Riggio formerly served as Barnes & Noble CEO and had planned to September 14, but he has now postponed retirement until a permanent successor can be found. Amazon, meanwhile, is testing physical bookstores and may ultimately open hundreds of them. Barnes & Noble has widened its offerings to include nonbook items like educational toys, but it also said recently that print results have benefited from the strength of adult coloring books. (more...)
Urban Outfitters reports surprise rise in comparable sales Urban Outfitters reports surprise rise in comparable sales
- August 18, 2016

The retailer reported Tuesday fiscal second-quarter earnings of 66 cents per share on $891 million in revenue. Many Wall Street Analysts have commented on Urban Outfitters. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer's stock valued at $129,000 after buying an additional 651 shares during the last quarter. (more...)
Markets Right Now: Stocks opening lower on Wall Street Markets Right Now: Stocks opening lower on Wall Street
- August 17, 2016

USA stocks are closing lower Tuesday led by phone and utility company shares. Nasdaq 100 e-minis were down 4.25 points, or 0.09 percent, on volume of 15,473 contracts. ET (1230 GMT), is likely to have remained unchanged in July after rising 0.2 percent in June. The Dow Jones industrial average is up 77 points, or 0.4 percent, to 18,653. (more...)
Rudy Giuliani Seems To Forget 9/11 During Donald Trump Rally
- August 17, 2016

Never forget. The internet is outraged after Rudy Giuliani , who served as New York City mayor during 9/11, said that there were no successful terrorist attacks on USA soil before President Barack Obama took office in 2008. According to the New York Daily News , the comments were especially freaky since Giuliani had spoken of the attacks just moments before. I am so relieved to learn from Rudy Giuliani that 9/11 never happened. (more...)
Hillary Clinton releases 2015 tax returns, shifting pressure to Donald Trump
- August 17, 2016

The Clintons took in $10.6 million in income in 2015, a majority of which came from paid speeches by Bill Clinton, while $3 million came from book royalties. In 2015, the Clintons reported $1,042,000 in charitable donations. Clinton's campaign stepped up efforts to win over Republicans and independents, launching a group that aims to use a wave of almost 50 recent endorsements of Clinton by high-profile Republicans and independents to persuade voters to cross party lines. (more...)
British Eurostar staff to stage August strikes: Union British Eurostar staff to stage August strikes: Union
- August 17, 2016

He called for negotiations in which "a set of proposals" are put forward that honor the agreements and guarantee members a genuine work-life balance. The train operator, part of the giant Govia Thameslink Railway (GTR) franchise, said it would meet the RMT "any time, any place, anywhere" to end the walkout. (more...)
Macy's to close 100 stores and increase focus on digital
- August 15, 2016

The closures would represent around 15% of the group's portfolio of 728 stores, which also includes the more upscale Bloomingdale's stores. A closure of that store would be a devastating blow to the mall, which already lost one of its four anchor stores when Elder Beerman closed earlier this year. (more...)
Saira Khan evicted from Celebrity Big Brother house
- August 15, 2016

A spokesman for the media watchdog said: "We have received 70 complaints about Celebrity Big Brother from last night". Chloe and Renee had a massive row this week and the Mob Wives star is the reason Chloe was evicted. Summing up the whole experience, Frankie Grande later told Big Brother: "Chloe was taming that Bear, she was bouncing up and down on it". "I went in thinking a million per cent not to touch anyone, kiss anyone, but you forget there's all these cameras". (more...)
Things You Can Now Do With the Windows 10 Anniversary Update Things You Can Now Do With the Windows 10 Anniversary Update
- August 15, 2016

The company claims that the freezing issue is only experienced on computers where apps are installed on a different drive than the one where Windows 10 is installed. Of course, you will have to have the same Microsoft account on both the phone and the system . Microsoft plans to deliver two Windows 10 upgrades next year but has not said when either will reach customers. (more...)
Macy's to close 100 stores Macy's to close 100 stores
- August 14, 2016

The affected employees of Macy's , however, will be offered new positions in other Macy's stores, and severance benefits to those who are laid off. Annual revenue at the stores Macy's plans to shutter were estimated at about $1 billion. Under Lundgren, Macy's has been looking for opportunities to boost sales, from buying upscale beauty brand Bluemercury to launching its own off-price stores called Macy's Backstage. (more...)
Jeers as Egyptian judoka spurns Israeli victor's handshake attempt
- August 14, 2016

Because it's common etiquette in judo for opponents to bow or shake hands both before and after a match, the referee urged El Shehaby to go back out for a handshake. He said: "The Israeli Olympic team is a delegation of great athletes". The next year, Darwish again declined to shake hands with Zeevi after beating the Israeli in their quarterfinal match at a tournament in Dusseldorf. (more...)
Delta cancels two dozen MSP flights day after system outage
- August 13, 2016

Atlanta-based Delta ended up canceling about 1,000 flights Monday after a loss of power led to a computer outage affecting its flights worldwide. "We were able to bring our systems back on line and resume flights within a few hours (Monday) but we are still operating in recovery mode", Dave Holtz, Senior Vice President of the Operations and Customer Center, said. (more...)
Macy's plans to close 100 stores, boost online investment
- August 13, 2016

The iconic retailer did not disclose the locations of stores, but said majority will be shut down in early 2017. Including the Jefferson Valley Mall location, there are 45 in NY state, that, together with the company's Bloomingdale's and Bluemercury stores, employ 7,400 people, according to the company's website. (more...)
DEA: Marijuana remains classified as 'dangerous drug'
- August 13, 2016

As a Schedule I drug, marijuana use is strictly prohibited outside of research. And they usually carry the heaviest criminal charges. The new DEA report also includes a statement with the U.S. The agency is taking a step to make the plant more available for research. He said these criteria were set out in the Controlled Substances Act , which mandates scheduling decisions based on scientific data. (more...)
Egyptian Athlete Booed For Refusing To Shake Israeli Athlete's Hand
- August 13, 2016

It's not an issue new to world sport. Muslim athletes have refused to compete with Israeli athletes in the past. Islam el-Shehaby was competing against Israeli Or Sasson when he lost the match and rejected the handshake. "That is not what the Olympics are about". The referee called El Shehaby back to the mat and obliged him to bow. El Shehaby refused to comment afterward. (more...)
No Delta issues at Newport News airport Tuesday No Delta issues at Newport News airport Tuesday
- August 12, 2016

The system the airline uses to check in and board passengers as well as dispatch its planes is still slow, said Gil West, Delta's chief operating officer. It offered refunds and $200 in travel vouchers to people whose flights were canceled or delayed at least three hours. While flights resumed in the morning, Delta spokeswoman Hiroko Okada said more delays were expected. (more...)
Perrigo (PRGO) Stock Slumps, Price Target Cut at Deutsche Bank
- August 12, 2016

Shares of Perrigo (PRGO) were lower in early-morning trading on Thursday as Deutsche Bank reduced its price target on shares of the Allegan, MI-based over-the-counter pharmaceutical company to $105 from $115. Franklin Resources Inc. now owns 2,627,510 shares of the company's stock valued at $336,140,000 after buying an additional 599,150 shares in the last quarter. (more...)
Russia's Putin meets top brass to discuss security in Crimea
- August 12, 2016

Ukraine has denied the claim. The location this time, unsurprisingly, is Ukraine - where Trump did not understand Putin's forces have been active (and not simply in Crimea). "Putin in his rhetoric has returned to the start of 2014. Once again, he does not deem the Ukrainian authorities legitimate". Russian President Vladimir Putin called the incidents a "very risky game", adding that Ukraine's authorities had resorted to terrorism instead of looking for peaceful solutions to the conflict in ... (more...)
Rihanna to earn Michael Jackson video award at MTV VMAs Rihanna to earn Michael Jackson video award at MTV VMAs
- August 12, 2016

The 2016 MTV Video Music Awards are on Sunday, Aug. 28 at 9 p.m. Details about Rihanna's performance plans have yet to be revealed. And her oft-provocative music videos, which the VMAs celebrate, have made her the most watched artist on Vevo/YouTube. (more...)
Delta cancel hundreds more flights
- August 11, 2016

The Memphis cancellations were among 530 flights scrubbed by Delta worldwide on Tuesday, on top of about 1,000 cancellations Monday. Their computers are back up and running, but they're still dealing with several issues, including finding for the tens of thousands of passengers whose flights were cancelled on Monday. (more...)
Tesla and SolarCity to join forces
- August 11, 2016

The new acquisition means that electric vehicles, home battery storage systems and consumer solar panels will be available under a single new brand. " It's really all part of solving the sustainable energy problem ", Musk said. SolarCity shareholders would receive 0.11 Tesla shares per SolarCity share. He first proposed the merger in June. He is chairman of SolarCity and CEO of Tesla. (more...)
Rays Offense Backs Smyly, Batters Jays' Pitching
- August 11, 2016

The young starter is enjoying a breakout season, to be sure, and the Blue Jays waffled mightily on how to best monitor his innings-pitched workload to ensure he wouldn't surpass his best-before date and wear out his talented arm. Toeing the rubber for the Rays on Wednesday will be southpaw Blake Snell . This season, he is 0-1 with a 7.98 ERA in three starts against Tampa Bay . (more...)
GOP senator: 'I will not be voting for Donald Trump'
- August 10, 2016

The New York businessman used a speech on the economy in Detroit to try to turn the page after a week of missteps in which he came under heavy criticism, including from some in his own party, and rival Democrat Hillary Clinton surged ahead in opinion polls three months ahead of the November 8 election. (more...)
Yelp reports surprise profit, raises full-year revenue forecast Yelp reports surprise profit, raises full-year revenue forecast
- August 10, 2016

The company also gave a better-than-expected revenue forecast for the current quarter and said it partnered with and made a small investment in Nowait , a mobile platform that allows restaurants to manage their waiting lists. Excluding stock-based compensation and other items, profit rose to 16 cents a share from 12 cents a share a year earlier. Thomson Reuters was calling for -$0.07 EPS on revenue of $169.8 million. (more...)