Business


Labor Department drops bid to revive Obama overtime pay rule Labor Department drops bid to revive Obama overtime pay rule
- September 06, 2017

Ten days before the overtime rule was to take effect, the Texas district court issued a nationwide temporary injunction arguing that the DOL had exceeded its authority by doubling the salary threshold. The National Federation of Independent Business (NFIB) commended the judge's ruling. Our members told us they were going to have to reduce their workforce, she said. (more...)
Lego to cut 1400 jobs after sales drop Lego to cut 1400 jobs after sales drop
- September 06, 2017

Though Lego saw revenue grew by double digit in such growing markets as China, its revenue declined in established markets such as the United States and in parts of Europe. Knudstorp says the "reset" will feature cost-cutting, both via layoffs and a simpler business model that will entail "a clean-up of inventories across the entire value chain". (more...)
NCLT dismisses plea against McDonald's NCLT dismisses plea against McDonald's
- September 06, 2017

NCLT , which on Monday reserved its orders over two contempt pleas filed by Mr. Bakshi in his ongoing fight against McDonald's, asked his counsel to seek relief from the National Company Law Appellate Tribunal (NCLAT) where the matter is already pending. (more...)
People's Bank of China Declares ICOs Illegal People's Bank of China Declares ICOs Illegal
- September 06, 2017

According to coinmarketcap , Bitcoin lost nearly 5% and moved from the level of $4,500 to $4,264. The regulator said while some ICOs could be treaded as a type of "virtual commodity" which is not regulated, others that offer equity or ownership interest or acknowledge a debt or liability may be considered a security and are subject to laws in the city. (more...)
New 'ruby' chocolate hopes to rival milk, dark and white New 'ruby' chocolate hopes to rival milk, dark and white
- September 06, 2017

The new choccy - named after its red hue - contains a special Ruby Cocoa bean and tastes like berries, though no colour or extra berry extracts are added. Barry Callebaut also sells chocolate that withstands higher temperatures , a goal chocolate companies had sought to achieve for decades. A Barry Callebaut spokesman said: "Ruby chocolate is the fourth type of chocolate and is an intense sensorial delight". (more...)
RBA leaves cash rate unchanged at a record low RBA leaves cash rate unchanged at a record low
- September 06, 2017

The threat of deflation this time a year ago has been seen off and replaced by a small increase in inflation , although it is still below the bank's target band of 2 per cent to 3 per cent. An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than now forecast, the bank added. (more...)
Minimum pay for Central staff likely to be 21K Minimum pay for Central staff likely to be 21K
- September 06, 2017

Earlier, the Union Cabinet on June 28 had approved recommendations of Seventh Central Pay Commission with 34 modifications. In a statement given by Arun Jaitley, the Finance Minister of India committed to raising the minimum pay of the employees of the central government more than Rs 18,000. (more...)
Love Over Royalty: Princess Mako to Marry a Commoner Love Over Royalty: Princess Mako to Marry a Commoner
- September 06, 2017

At an announcement made on September 3, she said she was first attracted to Kei Komuro's " smile like the sun ". The two met as students at International Christian University in Tokyo and have been dating for five years. After a traditional ritual solidifying their engagement called Nosai no Gi in which the groom presents gifts, they are expected to marry in the fall of 2018. (more...)
Intel's Fight Against EU Antitrust To Drag On After Court Ruling Intel's Fight Against EU Antitrust To Drag On After Court Ruling
- September 06, 2017

Intel offered rebates to firms including Dell, HP and Lenovo, along with German retail chain Media Saturn Holding, to squeeze rival AMD out of the market, according to the ruling. This means the earlier judgement is seen "as a result of that failure". After years of legal wrangling the European Court of Justice today ruled the case must be considered again, as the general court failed "in its analysis of whether the rebates at issue were capable of restricting competition". (more...)
Daiwa Securities Group Inc. Sells 400 Shares of Signet Jewelers Limited (SIG)
- September 06, 2017

Exane Derivatives augmented its position by buying 2,595 shares an increase of 70.5% from 03/31/2017 to 06/30/2017. About shares traded. Signet Jewelers Ltd. More notable recent Signet Jewelers Ltd. (NYSE: SIG ) news were published by: Seekingalpha.com which released: "Signet Will Acquire R2Net For $328 Million" on August 25, 2017, also Washingtonpost.com with their article: "Signet Jewelers and Dollar Tree climb while Hormel tumbles" published on August 24, 2017, Benzinga.com published: "Wall ... (more...)
Goodyear Tire & Rubber Co (GT) Moving -0.79% in Session
- September 06, 2017

Deroy & Devereaux Private Investment Counsel Inc increased Goodyear Tire & Rubber Co (GT) stake by 18.15% reported in 2016Q4 SEC filing. Clear Harbor Asset Management Llc acquired 26,920 shares as Goodyear Tire & Rubr Co (GT)'s stock declined 12.03%. (more...)
Analysts Showing Optimistic Trends For Finisar Corp. (FNSR) Analysts Showing Optimistic Trends For Finisar Corp. (FNSR)
- September 06, 2017

The stock has "Hold" rating by Feltl & Co on Monday, October 3. The stock of Asure Software Inc (NASDAQ:ASUR) has "Hold" rating given on Friday, August 14 by Zacks. TRADEMARK VIOLATION WARNING: " Finisar Corporation (FNSR) Lowered to "Hold" at ValuEngine " was originally posted by Week Herald and is owned by of Week Herald. (more...)
A Look Into Insider Activity With Range Resources Corporation (RRC)
- September 06, 2017

The company now has a consensus rating of "Buy" and an average target price of $39.69. The fund owned 912,864 shares of the oil and natural gas company's stock after buying an additional 150,710 shares during the period. RBC Capital Markets maintained PTC Therapeutics, Inc. Of those transactions, there were 647,879 shares of RRC bought and 197,931 shares sold. Sumitomo Mitsui Trust Holding accumulated 0.03% or 492,225 shares. (more...)
What is DACA? A look at immigrant program Trump is ending What is DACA? A look at immigrant program Trump is ending
- September 06, 2017

Congress now has six months to come up with an alternative to the Deferred Action for Childhood Arrivals ( DACA ) program, before the government stops renewing permits for people covered by the scheme. "I have always believed DACA was a presidential overreach", Graham, who is part of bipartisan legislation on the issue, said Monday . House Speaker Paul Ryan said in a statement he opposed the program when implemented during the Obama administration, but that he hopes Congress finds a ... (more...)
Regal Entertainment Group (NYSE:RGC) Director Buys 25000 Shares of Stock Regal Entertainment Group (NYSE:RGC) Director Buys 25000 Shares of Stock
- September 06, 2017

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Regal Entertainment Group (RGC ) stock price fell -28.09 percent over the past one year, while decreased -27.89 percent during the past 6 months. (more...)
Bell Pottinger explores sale options after South Africa scandal Bell Pottinger explores sale options after South Africa scandal
- September 06, 2017

The powerful industry regulator, with a membership of over 20,000 PR firms, found that its Professional Practices Committee was unanimous in its view that the Professional Charter and Codes of Conduct had been breached, and recommended to the PRCA Board of Management that Bell Pottinger's membership be terminated. (more...)
Ryanair to cut baggage fees in a bid to reduce delays Ryanair to cut baggage fees in a bid to reduce delays
- September 06, 2017

As a compromise, Ryanair have reduced the check-in price for bigger (20kg) bags from €35 to €25. Ryanair - which filled 97% of its seats in August - said it was bringing in the new measures to try and reduce boarding and flight delays caused by a shortage of overhead cabin space. (more...)
Wall St opens lower as N. Korea tensions rise
- September 06, 2017

The Nasdaq Composite dropped 19.79 points, or 0.31 percent, to 6,415.54. The Dow Jones industrial average slumped 234.25 points, or 1.1 percent, to 21,753.31. Fuller Co. climbed 4.9 percent after the adhesives company agreed to buy Royal Adhesives & Sealants for about $1.58 billion. Toy companies Hasbro and Mattel lost 2.9 per cent and 1.6 per cent, respectively, after Danish toy giant Lego announced it would slash 8 per cent of its global workforce after a drop in sales in the United ... (more...)
Kashkari: rate hikes may be doing harm Kashkari: rate hikes may be doing harm
- September 06, 2017

That brought it back close to its August 29 nadir of 108.265 yen, its weakest since mid-April. Three Fed policymakers on Tuesday expressed doubts about further rate hikes, with one influential policymaker calling for a delay in raising US interest rates until the Fed is confident inflation will rebound. (more...)
United States crude climbs higher, gasoline tumbles, as Harvey subsides United States crude climbs higher, gasoline tumbles, as Harvey subsides
- September 06, 2017

Gasoline prices turned sharply lower and crude oil rallied Tuesday, as Gulf Coast refineries powered back up after the disruptions caused by Hurricane Harvey last week. "However, some Houston-area refineries will likely remain offline for some time longer". Official supply figures from the U.S. Energy Information Administration are slated for Thursday. (more...)
Madonna Apparently Can't Convince FedEx She's Madonna Madonna Apparently Can't Convince FedEx She's Madonna
- September 06, 2017

The global superstar shared on Twitter Tuesday that she was struggling to get a FedEx package delivered because, well, they didn't believe that she actually was who she claimed to be. I would like to help. Madonna recently wrote on Instagram that she has found "the energy" of Portugal "so inspiring" since moving there. They wrote: "They don't believe you moved to Portugal". (more...)
Michael Kors Holdings LTD (NYSE:KORS) Institutional Investor Sentiment Analysis
- September 06, 2017

It has a 13.15 P/E ratio. The Retail operations consist of collection stores and lifestyle stores, including concessions and outlet stores, located primarily in the Americas (the United States, Canada and Latin America), Europe and Asia, as well as e-commerce. (more...)
Chris Wood celebrates a New Zealand goal against the Solomon Islands Chris Wood celebrates a New Zealand goal against the Solomon Islands
- September 06, 2017

The treble was the first at worldwide level by a Burnley player for over 120 years, since Jack Yates scored a hat-trick for England in 1889. New Zealand wrapped up the Oceania World Cup qualifiers on Tuesday with a 2-2 draw with the Solomon Islands and now face an intercontinental play-off. (more...)
The Insider Selling: Alexion Pharmaceuticals, Inc. (ALXN) EVP Sells $1562400.00 in Stock The Insider Selling: Alexion Pharmaceuticals, Inc. (ALXN) EVP Sells $1562400.00 in Stock
- September 06, 2017

The shares were sold on August 28th for an average price of $140.00. Alexion Pharmaceuticals Inc. had 69 analyst reports since July 27, 2015 according to SRatingsIntel. Intact Inc reported 0.03% stake. Invesco Ltd has invested 0.15% in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN). Bender Robert Assocs holds 33,349 shares. (more...)
AbbVie Inc. (ABBV) Sees 52-Week High AbbVie Inc. (ABBV) Sees 52-Week High
- September 06, 2017

Com (Put) (ABBV)'s stock rose 6.17%. Can now owns 1,642,457 shares of the company's stock valued at $106,949,000 after acquiring an additional 9,709 shares during the period. BMO Capital Markets maintained Andersons Inc (NASDAQ:ANDE) on Friday, August 4 with "Hold" rating. Vetr raised AbbVie from a "buy" rating to a "strong-buy" rating and set a $74.38 price objective for the company in a research note on Monday, May 8th. (more...)