Business


Burberry plans move up market as profits rise by a quarter Burberry plans move up market as profits rise by a quarter
- November 09, 2017

Pre-tax profits jumped 26 per cent to £128m, due to an improved profit margin of 1.6 per cent, compared with 12.5 per cent hits time past year. Longtime Burberry creative director Christopher Bailey, who helped reinvent the brand in the 2000s, announced last month plans to leave the company next year . (more...)
Arvind Ltd to spin off branded apparel and engineering businesses Arvind Ltd to spin off branded apparel and engineering businesses
- November 09, 2017

As of 31 March 2017, a truncated Arvind Ltd (post demerger) had total debt of Rs2,792 crore, with a debt-equity ratio of 1.07, according to a company investor presentation. Arvind said the turnover of the branded apparel business was at Rs 40.72 crore for 2016-17, while the engineering undertaking had a turnover of Rs 5 lakh. (more...)
Morning Movers to Watch Planet Fitness, Inc. (NYSE:PLNT)
- November 09, 2017

The stock had a trading volume of 758,078 shares. Thirty-one health clubs opened during the quarter, bringing Planet Fitness' total to 1,432 clubs as of September 30. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. The company now has a consensus rating of "Buy" and an average price target of $23.60. (more...)
Notable Stock in Focus: Mallinckrodt Public Limited Company (NYSE:MNK) Notable Stock in Focus: Mallinckrodt Public Limited Company (NYSE:MNK)
- November 09, 2017

It has underperformed by 47.09% the S&P500. Ameriprise Financial Inc. now owns 1,937,444 shares of the company's stock valued at $86,815,000 after buying an additional 1,045,757 shares during the period. The Pennsylvania-based Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.01% in Mallinckrodt PLC (NYSE: MNK ). Mallinckrodt PLC earned a news impact score of 0.01 on Accern's scale. (more...)
IT Raids At Jaya TV Office In Chennai IT Raids At Jaya TV Office In Chennai
- November 09, 2017

This was conducted after reports of alleged tax evasion by the channel and newspaper surfaced. The channel is now owned by Sasikala's family and has been critical of present govt for past few months after a fallout between the jailed leader VK Sasikala and Tamil Nadu CM E Palaniswamy. (more...)
Analyst Scores Summary: CA, Inc. (CA), Abraxas Petroleum Corporation (AXAS) Analyst Scores Summary: CA, Inc. (CA), Abraxas Petroleum Corporation (AXAS)
- November 09, 2017

The stock has "Hold" rating by Robert W. Baird on Wednesday, September 20. The rating was maintained by Canaccord Genuity with "Buy" on Friday, August 7. The company has market cap of $364.57 million. Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is -4.30%, which is worse than the Independent Oil & Gas industry average ROE. (more...)
The Stifel Nicolaus Downgrade Targa Resources Partners LP (NGLS) to Hold
- November 09, 2017

Benefitfocus Inc (BNFT) has declined 9.60% since November 7, 2016 and is downtrending. It has outperformed by 45.78% the S&P500. Therefore 63% are positive. Morgens Waterfall Vintiadis & Co Inc, a New York-based fund reported 14,000 shares. Beacon Cap invested in 1,443 shares or 0.01% of the stock. Macroview Mgmt Ltd Company reported 52 shares stake. (more...)
M&S finance boss to leave as profits rise M&S finance boss to leave as profits rise
- November 09, 2017

However channels for the future suggests M&S expects online share of sales to grow "very significantly" with plans for a "digital first approach" where one third of the Clothing & Home sales will be online in the medium term. In shops open more than a year, sales of clothes slipped 0.7pc and food fell 0.1pc. "We have made good progress in remedying the immediate and burning issues at M&S I outlined past year", said chief executive Steve Rowe. (more...)
Marathon Petroleum Corporation (MPC) Shares Bought by DE Burlo Group Inc
- November 09, 2017

Investors of record on Thursday, November 16th will be given a dividend of $0.40 per share. Consolidated Edison, Inc. (NYSE:ED) has risen 11.89% since November 8, 2016 and is uptrending. (NASDAQ:CSCO) for 1.82M shares. State Of Wisconsin Investment Board invested 0.03% of its portfolio in Marathon Oil Corporation (NYSE:MRO). 2,553 were reported by Mondrian Prtn Ltd. (more...)
Provider groups like Verma's new vision for Medicaid
- November 09, 2017

Opponents of the work requirement policy say it's a contradiction of the goal of Medicaid, which was established by Congress in 1965 to provide coverage to low-income people. Verma's remarks come days after New Hampshire became the latest state to submit its request to impose work requirements in its Medicaid enrollees. (more...)
Miami school offers bulletproof backpack insert for students Miami school offers bulletproof backpack insert for students
- November 09, 2017

A private school in Florida is offering a unique item for its students: a bullet-resistant panel that can be slipped into backpacks. Last year, Cejas attended one of Gulla's active-shooter drills, which led to his company offering to make custom plates for students. (more...)
Panera founder to step down as CEO; company buys Au Bon Pain Panera founder to step down as CEO; company buys Au Bon Pain
- November 09, 2017

The companies did not disclose on Wednesday how much Panera was paying for Au Bon Pain , which it says will boost its presence at airports, hospitals and colleges. Au Bon Pain has 304 locations worldwide. Panera operates 2,050 bakery-cafes in 46 states and in Ontario, Canada, operating under the Panera Bread, Saint Louis Bread Co. (more...)
Trading Patterns In Focus: Carrizo Oil & Gas, Inc. (CRZO), Mattel, Inc. (MAT) Trading Patterns In Focus: Carrizo Oil & Gas, Inc. (CRZO), Mattel, Inc. (MAT)
- November 09, 2017

Eastern time. The Dow Jones industrial average fell 2 points to 23,555. ( CRZO ) has an operating margin of 6.20%. CRZO stock price lost -44.6% over the past year, yielding a negative weighted alpha of -41.6 percent. This ranking was developed by James O'Shaughnessy using six different valuation ratios including price to book value, price to sales, EBITDA to EV, price to cash flow, price to earnings, and shareholder yield. (more...)
Virginia Retirement Systems ET AL Sells 43700 Shares of Schlumberger NV (SLB)
- November 09, 2017

The stock declined 0.62% or $0.42 reaching $66.67 on the news. The overall volume in the last trading session was 7.15 million shares. It has underperformed by 1.19% the S&P500. Moreover, Ahl Prns Limited Liability Partnership has 0.03% invested in Schlumberger Limited. Proficio Capital Partners LLC raised its position in shares of Schlumberger N.V.by 18.0% in the 1st quarter. (more...)
Hot Stock for Investors: Skyworks Solutions Inc. (SWKS) Hot Stock for Investors: Skyworks Solutions Inc. (SWKS)
- November 09, 2017

It has underperformed by 26.74% the S&P500. Skyworks Solutions Inc . designs, develops, manufactures and markets semiconductor products, including intellectual property. Decision makers can reimagine their products, services, processes and customer interactions. Oppenheimer & Co. Inc. now owns 72,510 shares of the semiconductor manufacturer's stock worth $5,520,000 after buying an additional 5,579 shares during the last quarter. (more...)
AMC Entertainment Holdings, Inc. (NYSE:AMC) AMC Entertainment Holdings, Inc. (NYSE:AMC)
- November 09, 2017

Price to Sale ratio of the company stands at 0.47 while Price to Book Ratio stands at 0.8. Schroder Investment Management Group increased its position in shares of AMC Entertainment Holdings by 409.9% during the 2nd quarter. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date is Friday, December 1st. AMC Entertainment Holdings's payout ratio is presently -62.50%. (more...)
China's Tencent builds 12% stake in Snapchat parent China's Tencent builds 12% stake in Snapchat parent
- November 09, 2017

Volume jumped to over 162 million shares, compared with the full-day average of 20.4 million shares, and enough to make it the most actively traded stock listed on major US exchanges. He said the first full quarter of self-serve Snap Ads is creating "significant pricing pressure", as the auction-based ad model has led to a 60% year-over-year drop in pricing while impressions are up 400%. (more...)
IL Has $37.91 Million Stake in Walt Disney Company (The) (DIS)
- November 09, 2017

Shelton Mngmt holds 0.13% in O'Reilly Automotive Inc (NASDAQ:ORLY) or 8,148 shares. It has underperformed by 18.30% the S&P500. Addenda Capital Inc.'s holdings in Walt Disney Company (The) were worth $8,136,000 as of its most recent SEC filing. (more...)
Keen Investors Taking a Look at Bristol-Myers Squibb Company (NYSE:BMY)
- November 09, 2017

SunTrust Banks also issued estimates for Bristol-Myers Squibb's FY2017 earnings at $3.03 EPS, FY2018 earnings at $3.19 EPS, FY2018 earnings at $3.54 EPS, FY2019 earnings at $3.64 EPS, FY2019 earnings at $4.28 EPS, FY2020 earnings at $4.15 EPS, FY2020 earnings at $5.03 EPS, FY2021 earnings at $4.40 EPS and FY2021 earnings at $5.32 EPS. (more...)
What's The Story Behind JC Penney Company, Inc. (NYSE:JCP)
- November 09, 2017

Penney Company, Inc .is a holding company. Holding Company (NYSE: JCP ) was downgraded by investment analysts at UBS AG from a "positive" rating to a "neutral" rating in a note issued to investors on Monday, October 30th, The Fly reports. (more...)
Cisco Systems, Inc. (CSCO) Holdings Reduced by Pictet Asset Management Ltd.
- November 09, 2017

The stock declined 0.13% or $0.04 reaching $31.62 on the news. Ltd. now owns 4,300 shares of the network equipment provider's stock worth $145,000 after buying an additional 560 shares in the last quarter. (NASDAQ: CSCO ). Epoch Investment Prtn reported 7.19M shares or 0.76% of all its holdings. Following the completion of the transaction, the senior vice president now directly owns 133,113 shares of the company's stock, valued at $4,129,165.26. (more...)
Arizona Obamacare premiums may drop, as troubled enrollment opens Arizona Obamacare premiums may drop, as troubled enrollment opens
- November 09, 2017

This plan has lower premiums, but pays less for out-of-pocket costs, which may be more attractive to those who have less expenditures for health care overall. Most people get subsidies, and those subsidies go up dollar for dollar. Without the requirement to purchase insurance and the option for a majority of American to opt-out of participation, the system falls apart. (more...)
An imminent Bitcoin fork was just postponed indefinitely An imminent Bitcoin fork was just postponed indefinitely
- November 09, 2017

Last week, several analysts including Willy Woo stated that a major correction would likely occur after the fork as altcoin investors who have moved their funds from altcoins to bitcoin with the sole intent of obtaining B2X reallocate their funds back to bitcoin. (more...)
Places With The Best Veterans Day Deals Places With The Best Veterans Day Deals
- November 09, 2017

You don't have to spend an arm and a leg on lunch or dinner with your favorite vet though. Mission BBQ is offering veterans a free sandwich and cake to veterans. The veterans menu includes seven dishes - the American Standard Burger, Butcher's Meat + Potatoes, Three Cheese Chicken Cavatappi, Chicken Tenders Platter, Fiesta Lime Chicken, Double Crunch Shrimp, and Oriental Chicken Salad. (more...)
Lockheed Martin developing laser weapon for USA fighter jets Lockheed Martin developing laser weapon for USA fighter jets
- November 09, 2017

Manish is designing a common, modular and highly configurable beam control software architecture for laser weapon systems, satellites and missiles. This program includes three subsystems, addressing beam control to direct a laser to the target, a pod mounted on the jet to cool the laser, and the laser itself. (more...)