Markets

Markets Nestle Sells US Confectionery Business for $2.8B
Author: 0 Nestle Sells US Confectionery Business for $2.8B

Swiss-based Nestle announced in a release it expects to complete the deal with the Italian company by the end of this year's first quarter. Nestle's U.S. Category leaders included The Hershey Co. It will also get its hands on the exclusive right to the Crunch brand in the US. Last year, it acquired Ferrara Candy Co ., the maker of Red Hots, Lemonhead and Brach's sweets, as well as confectioner Fannie May.

Markets Amazon Com Inc Institutional Investor Sentiment Improved in Q3 2017
Author: 0 Amazon Com Inc Institutional Investor Sentiment Improved in Q3 2017

Howard Capital Management who had been investing in Nike Inc for a number of months, seems to be less bullish one the $105.51 billion market cap company. It dropped, as 73 investors sold AMZN shares while 549 reduced holdings. There are 2,028 institutional holders with active positions, accounting for 290.48 million shares in total.

Markets Iceland to eliminate plastic packaging on own-label goods within five years
Author: 0 Iceland to eliminate plastic packaging on own-label goods within five years

The supermarket has already removed plastic disposable straws from its own-label range. "Iceland has offered a more radical solution that shows the way forward for the sector". Privately-owned Iceland, which trades from 900 United Kingdom stores specialising in frozen food, said on Tuesday that instead of using plastic it will use packaging comprising paper and pulp trays along with paper bags which are fully recyclable and therefore less harmful to the environment.

Markets BP to take $1.7B Deepwater Horizon charge
Author: 0 BP to take $1.7B Deepwater Horizon charge

Earlier in January, the company announced that it is accounting expenses of 1.5 billion Dollars due to changes in United States tax law. BP's bill for the Deepwater Horizon disaster is to top $65 billion after higher-than-expected compensation settlements forced the oil giant to book a fresh $1.7 billion charge.

Markets McDonald's aims for 'all-green' packaging by 2025
Author: 0 McDonald's aims for 'all-green' packaging by 2025

McDonald's already aims for 100 per cent of it's paper and card packaging like cups and burger boxes will come from recycled or certified sources where no deforestation occurs by 2020. "In recent years we have carried out waste audits in our restaurants, and extensive research asking what initiatives New Zealanders would like us to prioritise", McDonald's New Zealand managing director Dave Howse said.

Markets Goshen Sam's Club to close this month
Author: 0 Goshen Sam's Club to close this month

The move by Walmart is part of a nationwide series of store closings by the company, with locations in Indiana, Tennessee, Atlanta, Louisiana, Texas and NY. The company credits the new tax plan for the decision. The adoption benefit of $5,000 would apply to both full-time hourly and salaried workers and could be used for expenses such as adoption agency fees, translation fees and legal or court costs.

Markets Citigroup Takes $22B Charge on Tax Law Adjustments
Author: 0 Citigroup Takes $22B Charge on Tax Law Adjustments

Bank of America Corp, the second-biggest US lender, and investment banking house Goldman Sachs Group Inc are expected to report fourth-quarter results on Wednesday. The bank reported adjusted earnings per share of $1.28 for the fourth quarter of 2017. It looks like GE is playing the same game by taking a $6.2 billion charge related to GE Capital and insurance on long-term care but the market isn't giving the beleaguered company the benefit of the doubt.

Markets Patanjali products ready to rock on e-commerce hubs
Author: 0 Patanjali products ready to rock on e-commerce hubs

Also announcing the agreements with the said companies, Swami Ramdev said that the online mechanism aims to provide convenient and efficient option along with the extension of the traditional retail market. The company's products, he said, have gone from Haridwar , where it is based, to " Har Dwar [every doorstep]", the Financial Express quoted him as saying.

Markets United Kingdom inflation declined to 3% in December 2017
Author: 0 United Kingdom inflation declined to 3% in December 2017

In January a year ago, inflation stood at just 1.8 per cent, but it had risen to 3.1 per cent by November 2017. The report stated that it became 11th consecutive disinflation (slowdown in the inflation rate though still positive) in headline year -on- year inflation since January 2017.

Markets Dow Jones tops 26000 for first time as stock market boom continues
Author: 0 Dow Jones tops 26000 for first time as stock market boom continues

Thomas Block, Washington policy strategist at Fundstrat Global Advisors. The Dow gained 0.8 percent to 26,012.20 at the open in NY. The blue-chip index eased from its peak as a pullback in oil prices weighed on energy stocks, however. Nasdaq 100 e-minis were up 38.75 points, or 0.57 percent, on volume of 72,029 contracts. The S&P energy sector closed up 2 percent as Brent crude went above $70 a barrel for the first time since December 2014, boosted by a surprise drop in USA production and ...

Author: 0 UK Construction Giant Carillion Goes Into Liquidation

So how has it got into this mess? Our Government now needs to seriously up its game in terms of when it comes to the procurement of contracts, particularly in terms of ongoing management and service improvement. These contracts provided some temporary relief for the firm's books. And a third profit warning did not stop it either. Some contracts handled by Carillion would in time go to alternative providers, he added.

Author: 0 South Korean Government Leaves Crypto Trading Ban On Table

The Financial Supervisory Service also on Monday announced that it will launch a task force to monitor any disruptions including illegal activities involving cryptocurrencies. "All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation", Kim told reporters, according to news agency Yonhap .

Markets Are Smart Speakers popular? Ask 39 million Americans
Author: 0 Are Smart Speakers popular? Ask 39 million Americans

Amazon is bringing another Echo smart home device to the United Kingdom, this time in the shape of the alarm clock-inspired Echo Spot . The holiday shopping season, as TechCrunch notes, seems to have played a major role in the growth of the smart speaker market.

Markets Cineworld Group (CINE) Earns Hold Rating from Peel Hunt
Author: 0 Cineworld Group (CINE) Earns Hold Rating from Peel Hunt

This target is 12.44% from LAND's last price. Its up 0.21, from 1.29 in 2017Q2. It fall, as 56 investors sold CSX shares while 351 reduced holdings. Wolverine Asset Limited Liability Company accumulated 1,000 shares. Third Avenue Management Llc owns 5.64 million shares or 8.64% of their United States portfolio. They expect $1.12 EPS, down 25.83% or $0.39 from last year's $1.51 per share.

Author: 0 Do Institutional Investors Love Crown Castle International Corp (NYSE:CCI)?

The lowest price the stock reached in the last trading day was $0.18 and compares with the $0.14 52-week low. There were 56 sold out positions, amounting to 2.72 million shares. Citizens & Northern Corp, which manages about $131.34M US Long portfolio, decreased its stake in Mcdonalds Corp (NYSE:MCD) by 2,021 shares to 9,919 shares, valued at $1.55M in 2017Q3, according to the filing.

Author: 0 Community Health Systems (CYH) Earning Somewhat Favorable Press Coverage, Analysis Shows

Eagle Materials Inc. (NYSE:EXP) has risen 36.20% since January 12, 2017 and is uptrending. It has underperformed by 16.14% the S&P500. More interesting news about Community Health Systems, Inc . Vanguard Grp Inc holds 10.23 million shares or 0% of its portfolio. Hightower Advsrs Limited Liability has invested 0.07% in Monsanto Company (NYSE:MON).

Author: 0 Cenovus Energy Inc. (CVE) Analysts See $0.05 EPS

The stock decreased 0.27% or $0.03 during the last trading session, reaching $10.91. The stock traded with the volume of 4.49 Million shares yesterday. It also upped International Flavors&Fragra (NYSE:IFF) stake by 5,800 shares and now owns 128,217 shares. Miles Cap has 48,515 shares. Moreover, Envestnet Asset Mgmt has 0% invested in Hyatt Hotels Corporation (NYSE:H) for 397 shares.

Markets Morgan Earnings Beat Expectations After Tax Changes
Author: 0 Morgan Earnings Beat Expectations After Tax Changes

Sprague Resources LP (NYSE:SRLP) has risen 13.18% since January 14, 2017 and is uptrending. It has outperformed by 17.04% the S&P500. Cookson Peirce & Co Inc increased Wyndham Worldwide Corp (WYN) stake by 64.31% reported in 2017Q3 SEC filing.

Markets Rescue efforts end for California mudslide victims
Author: 0 Rescue efforts end for California mudslide victims

Santa Barbara County Sheriff Bill Brown said Sunday the transition will allow authorities to release resources that are no longer needed as the operation moves at a slower pace. Long-range forecasts gave the crews about a week before the next chance of rain - and potential new mudslides - although the precipitation was expected to be disorganized and light.