Tuesday August 20-th, 2019

Earnings Update for Wynn Resorts, Limited (NASDAQ:WYNN)

Avoiding the trap of waiting for a stock to bounce back and just break even can lead to the undoing of the portfolio. With this ratio, investors can better estimate how well a company will be able to pay their long and short term financial obligation...

Uber reveals IPO with warning it may never make a profit Uber reveals IPO with warning it may never make a profit

Although its user base consists of customers of other services and ride-sharing, the number is nearly five times the 18.6 million announced by competitor Lyft Inc . Uber Eats addressed its small order problem last month by charging app users a $2...

LK Bennett rescue deal to close 15 stores and axe 110 jobs LK Bennett rescue deal to close 15 stores and axe 110 jobs

The group's global businesses were not part of the deal, but the trade journal Drapers, which first reported the rescue , said Feng is hoping to secure LK Bennett's stores in Europe and the United States in future. Retail tycoons Mike Ashley and ...

"Craig Wright is not Satoshi", Binance CEO Cries Out

In a related development, Changpeng "CZ" Zhao, CEO of the biggest cryptocurrency exchange Binance , also doubled down on his condemnation of Wright. Sometimes we must do the hard thing, not because it is easy, but because it is right. Similarly...

Bed Bath & Beyond: Retailer To Close 40 Stores, Open 15 Bed Bath & Beyond: Retailer To Close 40 Stores, Open 15

Bed Bath & Beyond ( BBBY ) has announced that it will close approximately 40 stores, a number that may grow if the retailer can not negotiate more favorable lease terms with its landlords. The group wants Bed Bath & Beyond to trim its product selecti...

Rite Aid board approves reverse stock split to maintain NYSE listing compliance Rite Aid board approves reverse stock split to maintain NYSE listing compliance

The stock performed exceptionally bad in the previous week which depicts an decrease of 4.92 percent in the shares price. The company said last month that several top executives would leave, including long-time CEO John Standley. Stock market analyst...

Singapore airport unveils nature dome in fight for flights Singapore airport unveils nature dome in fight for flights

Jewel will feature new-to-Singapore brands alongside familiar homegrown brands including a retail cluster of homegrown brands on Level 1 targeting travellers who are looking to take home a souvenir from Singapore. The 40-metre high Rain Vortex , whi...

Recall on pre-cut melon due to possible salmonella contamination Recall on pre-cut melon due to possible salmonella contamination

Because it is possible that products could still be on store shelves, this recall extends to both retailers and consumers. Among the MI stores that sold some of the products were Gordon Food Service, Kroger, SpartanNash, Trader Joes and Walmart.

JetBlue vows JetBlue vows "tremendousness" on low cost transatlantic market

JetBlue , which is also Boston's largest airline, said the new routes to London will be served by Airbus A321LR and will mark the first-ever transatlantic service offered by the award-winning airline. "A JetBlue serving it and going after cor...

Carlos Ghosn Detention Extended Until April 22: Japan Court Carlos Ghosn Detention Extended Until April 22: Japan Court

His latest arrest is over breach of trust suspicions that payments by a Nissan subsidiary to an Oman dealership went to a company effectively run by Ghosn . Ghosn's legal team on Friday appealed against Tokyo court's decision to extend his detenti...

Stagecoach disqualified from three United Kingdom rail franchise competitions | 10 April 2019 Stagecoach disqualified from three United Kingdom rail franchise competitions | 10 April 2019

It also can not pursue a joint bid for the West Coast Partnership with Virgin Group and French national state-owned railway firm SNCF. Services for stations including Corby, Kettering, Wellingborough and Market Harborough are now run by Stagecoach...

Disney+ streaming service sets November launch Disney+ streaming service sets November launch

In addition, Disney + will allow downloading, so all content from the service can be accessed offline, for as long as you're a subscriber. Marvel Studios president Kevin Feige was onhand to tease Marvel's offerings on the TV side, which mark new...

Delta cuts back how far you can recline your seat Delta cuts back how far you can recline your seat

In essence, the move is about preventing a sudden deep recline of any passenger, which bothers the person seated right behind. It will take Delta about two months to get the entire A320 fleet retrofitted. "I'm sure it will reduce some friction betw...

Facebook spends $22.6m to keep Mark Zuckerberg safe Facebook spends $22.6m to keep Mark Zuckerberg safe

While his standard personal security at home and during travels cost Facebook $10 million in 2018, another $10 million was allocated "to cover additional costs related to Mr Zuckerberg and his family's personal security", including guards, equipment ...

Bayer Considers Legal Options After French Court Rules for Farmer Bayer Considers Legal Options After French Court Rules for Farmer

A French court has ruled that United States agrochemical firm Monsanto, now owned by German drug company Bayer, was liable for the sickness of a farmer who inhaled fumes from a weed killer made by the company. Lasso has been banned in France since 20...

Draghi gives downbeat assessment of eurozone prospects Draghi gives downbeat assessment of eurozone prospects

He warned that this slower growth might persist even if some factors in the eurozone improved in the near future. Draghi said at a news conference Wednesday that "global headwinds continue to weigh on euro area growth developments". On Tuesday the ...

National Enquirer, feeling heat from own scandals, is for sale National Enquirer, feeling heat from own scandals, is for sale

The Associated Press reported past year that Pecker kept a safe that held documents on hush money payments and killed stories, including records on ones involving Trump. ( National Enquirer via AP) This image shows the front page of the January 28, ...

Amazon, Walmart trade barbs on taxes and wages Amazon, Walmart trade barbs on taxes and wages

Now rivals have hit back and put Amazon on the defensive in the matter of paying federal taxes. "It's a kind of competition that will benefit everyone". He included a news article about Amazon's zero tax liability in 2018 on $11.2 billion in profit. ...

Are Canadian marijuana prices higher or lower since legalization? Are Canadian marijuana prices higher or lower since legalization?

The legalization of marijuana in Canada has caused the price of the drug overall to increase by about 17 per cent, but people who are buying it legally are paying about 57 per cent more than black market buyers. Since then, however, the average price...

INFINITI reveals first image of electric Qs Inspiration to debut in Shanghai INFINITI reveals first image of electric Qs Inspiration to debut in Shanghai

Brand officials have said that from 2021 every Infiniti model launched will be either an all-electric vehicle or so-called "e-Power" hybrids, underlining Nissan's previously announced plan to make Infiniti primarily an electrified offering.

Fisher-Price recalls sleepers after more than 30 babies died Fisher-Price recalls sleepers after more than 30 babies died

The CPSC and Fisher-Price had issued the warning last week that the Fisher-Price Rock 'n Play can be risky for children who have exhibited the ability to roll over. A Fisher-Price Rock 'n Play Sleeper. Tragically, that is not the case. "Fisher-Pric...

Chevron to buy Anadarko Petroleum for $33-billion in cash and stock Chevron to buy Anadarko Petroleum for $33-billion in cash and stock

Anadarko's stock surged on the news. That's a premium of 39 per cent to the closing price on Thursday. Shell has in the past several months held talks with Endeavor Energy Resources LP, the largest privately-owned company in the Permian that bankers ...

Tory has 'long list of questions' about Ford's transit plan Tory has 'long list of questions' about Ford's transit plan

Opposition politicians have accused the Tories of inflating the deficit so they can justify cuts to programs and services. It's expected to cost about $390 million a year. "This is not how you build multi-billion dollar transit for any city. we have ...

Citing slowdown, Fed sees no changes to rates in 2019 Citing slowdown, Fed sees no changes to rates in 2019

As Reuters reports , the Fed "pivoted abruptly at that meeting to a much-less aggressive posture", agreeing to be "patient" about making any moves on rates. He also has said the increases were unnecessary because inflation was tame even though une...

Hong Kong overtakes Japan as world's third-largest stock market Hong Kong overtakes Japan as world's third-largest stock market

The city's equity market has overtaken Japan to be the world's third largest in value, behind only the United States and Mainland China, courtesy of a rebound in Hong Kong stocks after their worst year since 2011. In a fresh escalation of trade tensi...

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