Economy

Kate Spade's stock soars after $2.4 billion Coach buyout deal

Coach will pay Kate Spade shareholders $18.50 a share in cash. In February 2017, Kate Spade reported sales growth of 9.3 percent, including its e-commerce operations in the quarter that ended in December 31, 2016. "We are confident that this combination will strengthen our overall platform and provide an additional vehicle for driving long-term, sustainable growth", Victor Luis, CEO of Coach, said in a statement .

Tribune Media agrees to $3.9 billion sale to Sinclair

Sinclair will acquire Chicago-based Tribune Media's 42 TV stations and other assets, making the largest station owner in the country even bigger, pending approval from the Federal Communications Commission and federal antitrust regulators. The FCC recently eased these regulations, reversing a rule about how market reach of UHF channels is calculated last month. That disappeared with the switch to digital TV in 2009.

Alonso jets off to Indy for Monday practice

McLaren's reliability issues looked set to continue in Barcelona as an engine problem stopped Alonso from fully participating in FP1 on Friday and he was slowest in the second practice session. "Little by little our rivals would catch up and after a while it would have been impossible to keep them behind, the same way it is impossible for us to attack them".

Double Shooting Leaves 1 Woman Dead, 1 Man Injured

The suspect's sedan was parked next to the victims' vehicle, according to police. He produced a handgun and began firing into the victims' vehicle, Detroit police reported in a statement. The woman suffered a fatal wounds to her arm. The second male victim survived. Someone parked in the auto next to them, who police describe as a black male wearing a hoodie, exited his vehicle and started shooting into their auto.

Fresh barrage of cyber attacks set to hit today

Russia's Interior Ministry acknowledged a ransomware attack on its computers. The government on Sunday said it has activated a "preparedness and response mechanism" to prevent any major cyber attack from a new ransomware - "Wannacry" - which has infected computer systems around the world.

Mnuchin Weaves in Tax Reform, With Trade Talk at G7 Italy

U.S. Treasury Secretary Steven Mnuchin was due to explain Trump's plans to cut business taxes and regulation, as well as the president's push for what he considers more balanced trading relationships. Subsequently, during an interview about Trump's economic policies and how they might impact income inequality, he said, "I don't think any of it is good".

Analysts At Macquarie Reiterated Rio Tinto PLC (LON:RIO) As Outperform

They presently have a GBX 4,000 ($51.73) target price on the stock. The stock has a 50-day moving average price of $39.79 and a 200-day moving average price of $40.35. If you are accessing this report on another website, it was illegally stolen and republished in violation of worldwide copyright laws. In other news, insider Jean-S├ębastien Jacques bought 12 shares of the firm's stock in a transaction on Monday, April 24th.

Oil takes heart from decline in United States stocks

The 13-country OPEC is curbing its output by about 1.2 million bpd from January 1 for six months, the first reduction in eight years. Russian Federation and 10 other non-OPEC producers agreed to cut half as much. Crude oil prices dropped into the upper $40 range on signs the market was taking longer than expected to eat into the glut that led to a prolonged slump a year ago.

Ocwen Financial Corp. (OCN) has a Market value of 331.15 Million

Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). About 4.17M shares traded. California Pub Employees Retirement Sys stated it has 0% of its portfolio in Ocwen Financial Corp (NYSE:OCN). Dimensional Fund Advisors LP boosted its position in Ocwen Financial Corp by 557.8% in the first quarter.

Germany demands more free trade guarantees on China Silk Road plan: minister

President Donald Trump's election as a champion of global free trade, most notably in a January speech in Davos, in the Philippines. The CM said the Belt and Road vision was a harbinger of a new era of connectivity and integration. Western diplomats have looked askance at the summit and the plan as a whole, seeing it as an attempt to promote Chinese influence while eroding their own fading hegemony.

China invests $124bn in Belt and Road global project

Mr Xi made the announcement in his opening address to a two-day "Belt and Road" conference in Beijing that brought together leaders from 29 countries. The Russian leader said the rise of trade protectionism is creating a "breeding ground for global extremism and terrorism". And some economists are cautious about the viability of projects in areas of political instability and poor governance.

Oil Prices Dropped as Oversupply Concerns Return

Baku, Fineko/abc.az. Vienna deal OPEC/NOPEC on the reduction of oil production has turned out suddenly under threat that brought back the volatility on the global oil market. There is some support around the $45 level, Kilduff said. This could spell a shift of market share from Opec to mainly United States oil producers.

Aust firms back to work after cyber attack

The ransomware worm that stopped vehicle factories, hospitals, shops and schools over the weekend worldwide, with Asia having escaped the worst so far, could wreak fresh havoc on Monday when employees log back on, cyber security experts warned.

Snap Co-Founder Evan Spiegel Just Lost More than $1 Billion

The company said in April that Instagram Stories alone had reached 200 million daily active users. Snap Inc, formerly Snapchat , Inc, is a camera company. Snapchat with 166 million users approximately is nearly 34 million users behind. A number of analysts have recently weighed in on the company. To put it lightly, things did not go as planned for investors of the young darling tech company.

Hudbay Minerals Inc (HBM) Insider Gmt Capital Corp Purchases 7200 Shares

The shares were acquired at an average price of C$5.51 per share, with a total value of C$39,672.00. A number of research analysts have recently commented on the company. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of global copyright & trademark legislation.

RBC Capital Markets indicated Sysco Corporation (NYSE:SYY) as 'Sector Perform'

Over the last 5 years, Sysco Corporation has averaged a -3.40% YoY EPS growth rate and a 5.10% revenue growth rate . Moreover, Sysco's shares have been outperforming the Zacks-categorized industry over the past one year. The firm also recently announced a quarterly dividend, which was paid on Friday, April 28th. In terms of volatility, it has a beta coefficient of 0.53 and technical analysis volatility indicator called Average True Range or ATR around 0.7.

Tories on top in United Kingdom local polls

Prime Minister Theresa May's party gained more than 300 extra council seats and at least two mayoralties in England, mostly benefiting from UKIP losses. "If there is an increasingly confrontational attitude between Westminster and Brussels, the [local election] results today suggest that Theresa May is the political victor domestically of that process", said Al Jazeera's Phillips.

Western Digital seeks arbitration in row over Toshiba's US$18b chip sale

Possible bidders for Toshiba's chip business include Broadcom ( AVGO ), SK Hynix and Apple ( AAPL ) iPhone maker Hon Hai Precision Industry - or Foxconn. Western Digital has mulled making its own bid for Toshiba's JV stake, perhaps in conjunction with a quasi-state Japanese entities. "Seeking relief through mandatory arbitration was not our first choice in trying to resolve this matter".

Israel moves to downgrade status of Arabic language

The bill designates Hebrew as the country's only official language, although it requires government services and forms to be available in Arabic as well. "The danger in this law in that it establishes two classes of citizen - Jewish and Arab", he wrote in a statement . However, other party leaders had different ideas.

Trump says he's willing to consider raising gas tax

Human-rights advocates and foreign policy experts lashed out at Mr. Trump's suggestion, which came as Seoul said a U.S. missile shield deployed in South Korea against China's objections is now technically ready for operations, and as the U.S.

Mental Health Month 2017

Yet, people experience symptoms of mental illness differently, and some may engage in potentially unsafe or risky behaviors to avoid or cover up symptoms of a potential mental health program. That translates to 1 in 5 adults with a mental illness, and almost 1 in 25 with a serious mental illness, such as Schizophrenia (1.1%), Bipolar Disorder (2.6%), or Major Depression (6.9%).

Federal Reserve Leaves Interest Rates Unchanged, June Hike Still Open

Fed officials have signaled that they expect two more rate hikes this year, in addition to the one increase they made in March. Investors are awaiting Friday's monthly USA non-farm payrolls report for greater signs of the Fed's likely rate hike trajectory through the end of the year.

United States may ban laptops on all flights from Europe

Expanding the ban to flights from Europe would affect United States airlines, who are now not impacted as they do not operate to the 10 airports. The airline industry source said Friday that the DHS was not receptive to suggested alternatives to an all-out ban.

Sen. Lindsey Graham to President Trump: Stop Tweeting About the Russia Investigation

U.S. Sen. Lindsey Graham, R-South Carolina, on Sunday said he was uneasy about picking Cornyn - or anyone else with a political background - to succeed James Comey, who Trump last week ousted as FBI director amid the agency's investigation into whether members of Trump's campaign colluded with Russian Federation during the 2016 election.

Baker Hughes (BHI) Earning Somewhat Positive News Coverage, Report Finds

Jefferies Group LLC lowered their target price on shares of Baker Hughes from $73.00 to $72.00 and set a "hold" rating for the company in a report on Friday, January 27th. American Century Companies Inc. now owns 5,902,846 shares of the oilfield services provider's stock worth $353,108,000 after buying an additional 317,615 shares during the last quarter.

France's Macron pledges to overcome division in society

Macron has said he is looking at one male and one female candidate, but gave little clue as to who they might be. "In order to be the man of one's country, one must be the man of your time", Fabius told the new president, quoting the Romantic-era French writer Chateaubriand.

Williams Companies (WMB) Earns Daily Media Sentiment Rating of 0.30

Wells Fargo & Co upgraded shares of Williams Companies from a "market perform" rating to an "outperform" rating in a research report on Monday. Acrospire Investment Management LLC increased its stake in shares of Williams Companies by 27.0% in the first quarter.

Mustafi: Top four is on

Saido Berahino will be pushing for a start, but is likely to miss out to Mame Biram Diouf, who scored in their last outing against Bournemouth. Arsenal kept the pressure on Liverpool and Manchester City with a 2-0 win over Southampton in midweek to move them up to fifth place in the table.

Stock Jumping Abnormally High: Fiat Chrysler Automobiles N.V. (FCAU)

Several investment firms issued their expert ratings on Fiat Chrysler Automobiles N.V. (FCAU) in which Macquarie Initiates Coverage On Fiat Chrysler Automobiles N.V. Stocks with EPS growth rates of as a minimum 25% compared with year-ago levels suggest a company has products or services in strong demand. The total market capitalization remained at $17.11 billion.

Derby winner Always Dreaming heading to Preakness early

As the victor, Always Dreaming certainly commands respect. While Classic Empire has the bloodline and has given his owners a big bankroll, being the best two-year-old horse is not necessarily a harbinger of Kentucky Derby glory. Few patrons or fans looked like Fowler, who came ready for the event in a watermelon covered sportcoat with blue and white horses and jockey riders on his coat pattern.

Compass Group reiterated as Hold By Numis Securities

The stock has "Buy" rating by Deutsche Bank on Wednesday, November 25. Compass Group PLC has GBX 1740 highest and GBX 170 lowest target. Stifel Nicolaus maintained Corenergy Infrastructure Trust Inc (NYSE:CORR) rating on Wednesday, August 12.

Insider Activity of WPX Energy, Inc. (WPX)

The stock is now showing YTD performance of -16.4 Percent. Stock is now moving with a negative distance from the 200 day simple moving average of approximately -4.45%, and has a poor year to date (YTD) performance of -16.4% which means the stock is constantly subtracting to its value from the previous fiscal year end price.

China`s homemade C919 passenger jet makes successful flight

Comac says it has 570 orders from 23 domestic and foreign customers, with most from state-owned Chinese airlines. Europe's aviation safety regulator has started the certification process for the C919 - a crucial step for the aircraft to be successful on the global market.

Trump Set to Name More Conservative Judges

Larsen, a judge on the Michigan Supreme Court, is being nominated for the 6th U.S. Circuit Court of Appeals, while Straus, a judge on the Minnesota Supreme Court, has been tapped for the 8th Circuit. Trump can reverse that advantage in just one term, establishing Republican control over nine appeals courts and leaving three others deadlocked, based on current retirement trends.

Dollar stands tall after Fed keeps door open to June hike

The Fed policymakers said they expect "economic conditions to evolve in a manner that will warrant" gradual increases in their official interest rate, the federal funds rate. Adjustments from previous statements indicated that Fed officials judged at this week's two-day meeting that "economic activity slowed" while "household spending rose only modestly".