On Strong Earnings, Amazon And Whole Foods Face Culture Clash

Revenue rose 34 per cent to $43.7 billion in the quarter ended September 30. As usual, the company's profits were relatively small - $256 million, or 52 cents per share, nearly flat with the third quarter of previous year as it ploughed money back into the business. Read More

SAP to reveal Gupta-linked kickback details following internal investigation

SAP chose to start an internal investigation into its business with the Guptas after it was reported that it had closed a " sales commission agreement " with a Gupta company which saw the family get an alleged R99.9-million in kickbacks for apparently opening deals for SAP to work with state-owned entities like Transnet and Eskom. Read More

Asia billionaires overtake United States for first time led by China

Asia billionaires overtake United States for first time led by China

While Asia still lags behind the United States, where billionaire wealth is driven mostly by technology, financial services and materials, it is nonetheless expected to outstrip the United States by 2021. If the trend continues, Asian billionaires will surpass their USA counterparts in overall wealth in four years, the two professional firms estimate. Read More

Bloodhound vehicle attempts to beat land speed record

Bloodhound vehicle attempts to beat land speed record

To celebrate the event (and their partership with the high-speed team), Belstaff has designed a limited edition Bloodhound jacket cut from a bi-stretch material that stands up to the elements (with water resistant, wind proof, moisture wicking and UV protective properties, as well as reflective details, a high stand collar, rubberised hardware, smartphone friendly pocket and concealed orange hood). Read More

United Kingdom growth fuels speculation of interest rate rise

United Kingdom growth fuels speculation of interest rate rise

GDP grew faster than expected in the third quarter. "Despite today's marginal improvement, growth has been relatively lacklustre this year". However, the construction industry, often seen as a bellwether for the broader economy, contracted for the second quarter in a row. Read More

ProShare Advisors LLC Sells 35493 Shares of Caterpillar, Inc. (CAT)

Motco now owns 989 shares of the industrial products company's stock valued at $106,000 after acquiring an additional 718 shares during the last quarter. Citigroup Inc. lifted their price objective on Caterpillar from $125.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, October 13th. Read More

Amazon reportedly shutting down Amazon Wine business

Amazon reportedly shutting down Amazon Wine business

According to Amazon's press release, the pricing for the new membership model is determined by the number of users on the business account. This new free shipping option for business members makes a lot of sense; it puts Amazon squarely up against office supply retailers like Office Depot and Staples, as well as big box stores like Sam's Club and Costco. Read More

Gas prices continue recovery from Harvey and Irma

Gas prices continue recovery from Harvey and Irma

The cost-tracking company surveys almost 1,000 gas stations in the St. Louis area. The average price in Florida was $2.42 per gallon on Monday, having dropped 38 consecutive days according to the American Automobile Association. “Pump prices may get a little bump around the holidays, but we should continue to see an overall downward trend to end the year.”. Today, the West Texas Intermediate benchmark puts a barrel of crude oil at $52.27, which is $1.70 more than a month ago and a year ago. Read More

Air Canada Makes Another Mistake at SFO, FAA to Investigate

The crew did not circle the airport - it simply landed on the original runway. However, an air traffic controller then instructed the crew multiple times to "execute a go-around" because of uncertainty over whether the runway would be clear before the Air Canada flight arrived, Gregor said. Read More

Fox Settled $32 Million Harassment Case Against O'Reilly

He insisted he "never mistreated anyone", and said he made the payout to protect his children. They included claims of rehashed harassment, a nonconsensual sexual relationship and the sending of gay erotica and other sexually unequivocal material to her, as per the general population advised on the issue. Read More

Hardik Patel's key aides join BJP

Hardik Patel's key aides join BJP

Thakore, convenor of the Gujarat OBC Ekta Manch and leader of the local Thakore Sena, has a strong appeal among backward classes, having worked actively on drug de-addiction in the state. The Congress is trying to get Dalit rights campaigner and lawyer Jignesh Mevani on board too . As BJP failed to win over Hardik Patel, it successfully drove a wedge in his camp. Read More

Coca-Cola European Partners plc (NYSE:CCE) Moving 0.10% For The Week

Coca-Cola European Partners plc (NYSE:CCE) Moving 0.10% For The Week

It also reduced its holding in Sherwin Williams Co (NYSE:SHW) by 283,580 shares in the quarter, leaving it with 371,383 shares, and cut its stake in Blackhawk Network Hldgs Inc (NASDAQ:HAWK). Several other large investors also recently added to or reduced their stakes in the business. The stock carved out a 52-week low down at $39.88. Shares of KO have uptrended 3.46% in the past three months, while the S&P 500 has moved -2.51% in that time. Read More

Cenovus to sell Palliser oil, gas assets for $1.3-billion

The company also said that it would still pursue the sale of its Weyburn carbon dioxide (CO2) enhanced oil recovery (EOR) assets in Saskatchewan, and anticipated reaching a sale agreement for them in the fourth quarter of 2017. The consensus mean EPS for the current quarter is at $0.11 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. Read More

FDA Approves Non-Hodgkin Lymphoma Gene Therapy

FDA Approves Non-Hodgkin Lymphoma Gene Therapy

The FDA has approved a risk evaluation and mitigation strategy (REMS) for Yescarta that will inform and educate health care professionals about its associated risks. "That policy will also clarify how we will apply our expedited programs to breakthrough products that use CAR-T cells and other gene therapies", Scott Gottlieb, MD, FDA Commissioner, said in a statement. Read More

Oil prices rallying again on short-term drains on supply

Oil prices rallying again on short-term drains on supply

Short-term market metrics lingering from a USA hurricane gave support to crude oil prices Wednesday, even though balance seemed slow to emerge. After months of range-bound trading during which Opec-led supply cuts supported crude values but rising USA output capped markets, prices have moved up significantly this month. Read More

United Kingdom interest rates set to rise as inflation hits 3 per cent

United Kingdom interest rates set to rise as inflation hits 3 per cent

The sterling was lower against the US dollar near midday on Tuesday after Ramsden's comments, trading at $1.1765. Noting that country has not yet seen summit level of snuff, Carney said bank's primary mission was to realize inflation target, which is 2 percent. Read More

October 16 is Word Food Day: 815-million people are hungry

October 16 is Word Food Day: 815-million people are hungry

Pope Francis marked UN World Food Day on Monday with a call for world governments to act together to fight the hunger, conflicts and climate change driving mass migration from the developing to the industrialised world. No barrier, either physical, economic, legislative or ideologic can stop those who desperately seek survival, because they lack access to food or are victims of violence and climate change, Francis said. Read More

Hartley to race F1 for Toro Rosso

The last New Zealander to race in Formula One was Mike Thackwell 33 years ago. Toro Rosso team Principal Franz Tost reportedly wants to use next the race as a chance to evaluate a new driver to add to next year's roster and while Gasly remains a favourite to retain one of the team's cars, the other is now up in the air. Read More

Storm Warning for Clare As Tail End of Hurricane Ophelia Approaches

Storm Warning for Clare As Tail End of Hurricane Ophelia Approaches

On Thursday afternoon, Ophelia's core was located about 715 miles southwest of the Azores , where it was virtually stationary. Farther to the east, Ireland and the United Kingdom are also watching Ophelia's track, which could bring hurricane conditions to some areas there early next week. Read More

JP Morgan Chase & Co (JPM) Price Target Raised to $91.00

JP Morgan Chase & Co (JPM) Price Target Raised to $91.00

But JPMorgan Chase's average loan growth of 7% helped it offset the hit. Shares traded down about 0.4% in Thursday's premarket at $96.40. Its consumer and community banking division increased revenues by 6% to US$12bn, while its corporate and investment banking arm saw revenues rise 5% to US$3.1bn. Read More