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Coach is buying Kate Spade for $2.4 billion


Financially too, because of similar nature of their businesses, the companies expect to realize cost synergies and operational efficiencies of close to $50 million over three years of closing the deal. ( KATE ) jumped 9.9% in premarket trade Monday, after the apparel and accessories company agreed to be acquired by Coach Inc . Coach last week reported its fourth straight quarter of rising comparable sales in its biggest market. Lire la suite »

This Is The Latest New Yorker Cover And It's


In the accompanying announcement on The New Yorker's website, the artist Barry Blitt issued this comment about his cover: "It's probably a bit of a leap". "At campaign rallies, Sessions smiled when the crowd chanted, about Clinton, "Lock her up!"-though, at his confirmation hearings, he said that he couldn't remember whether he joined in". Lire la suite »

Verizon wins bidding war with AT&T for Straight Path


Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Verizon Communications's dividend payout ratio (DPR) is 71.74%. The dividend yield for the company is hovering around 4.98% while the pay out ratio is now at 76.00%. The ex-dividend date was Thursday, April 6th. Lire la suite »

Cummins Inc. (CMI) Downgraded to "Neutral" at Piper Jaffray Companies


A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMI. Allegis Investment Advisors LLC increased its stake in shares of Cummins by 48.0% in the third quarter. On average, equities analysts predict that Cummins will post $7.98 EPS for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Lire la suite »

Agreement Calls For Long-Term LNG Contracts Between China, US Suppliers

No. 4 of the 10 provisions in a "100-day action plan" is one that says the United States "welcomes China, as well as any of our trading partners, to receive imports of LNG from the United States". is keen for a slice of the pie". Louisiana has more than $90 billion in LNG export facilities in the planning stages, under construction or in operation. Lire la suite »

Protesters call for investigation following FBI director firing

The breaking news announcement that Trump had canned him was so unexpected that Comey is said to have laughed at what he thought was a practical joke. The Senate intelligence committee has issued a subpoena seeking documents from former National Security Adviser Michael Flynn, whom Trump fired in January, related to the committee's ongoing investigation into Russian interference in the 2016 election. Lire la suite »

BREF-Vivendi espère clore la transaction sur Havas d'ici l'été

Un danger écarté par Arnaud de Puyfontaine, le président du directoire de Vivendi qui précise qu'il n'existe aucune barrière réglementaire susceptible de bloquer ce rapprochement et rappelle que la commission européenne a récemment avalisé la position de contrôle exercée par le groupe Bolloré à la fois dans Vivendi et Havas . Lire la suite »

Dollar weakens vs yen, but outlook stays positive on Fed hike view


In late morning trading, the dollar fell 0.6 percent against the safe-haven yen to 113.61 yen. It added 2.3 percent for the week. Investors are still in a shock after the Trump sacked the FBI Director James Comey. The dollar index, which tracks the greenback against a basket of six major rivals, was flat on the day at 99.622 .DXY , but was up 1 percent for the week. Lire la suite »

ArcelorMittal (NASDAQ:MT) 1Q17 earnings; Beats Street View


ArcelorMittal (NASDAQ:MT) revealed net income for the first quarter of $ 1002.00 million or 33 cents per share, compared to loss of $ 416 million or 23 cents per share, in the year-ago period. "While this is encouraging, the steel industry is still impacted by unfair imports in many of our key markets and we hope to see further progress in ensuring the necessary trade solutions", he said. Lire la suite »

EPA may allow massive mine near pristine Alaskan bay


Under the agreement, the Canadian-owned company can seek a federal permit to build its mine near Bristol Bay. While this did not grant immediate approval to the pebble project, it effectively reverses the EPA's 2014 determination that a large-scale mine in the area was unlawful because it posed serious risk to the region's valuable sockeye salmon fishery. Lire la suite »

Deutsche Bank Maintained Hertz Global Holdings, Inc. (NYSE:HTZ) As 'Hold'


Although the broker holds its rating, it has cut its price target to C$50 from C$52 on the back of lower return on equity and earnings per share estimates. On Thursday, Shares of Cliffs Natural Resources Inc (NYSE:CLF) lost -2.19% to $6.25. During the same quarter in the prior year, the company posted ($0.79) earnings per share. Lire la suite »

United Nations climate talks frustrated over USA stance

Other members of the administration, including Energy Secretary Rick Perry, have advocated a "renegotiation" of the USA commitments to the agreement, but legal questions have been raised about the feasibility of lowering U.S. The actual dividing lines are blurrier, according to half a dozen people familiar with the discussions, and have shifted as aides get a clearer picture about what, precisely, withdrawing from the landmark climate pact would mean for the United States. Lire la suite »

Update on Unaoil investigation


Petrofac said it is aware of the new investigation, which is in connection with a historic probe into dealings at the Ahsani family run Unaoil. Unaoil is facing investigation in the United Kingdom and Petrofac has conducted its own probe into its relationship with the contractor, concluding in August a year ago that it didn't find evidence that confirmed the payment of bribes. Lire la suite »

Research Report For Transocean Ltd. (RIG)

Vetr downgraded shares of Transocean LTD from a "strong-buy" rating to a "buy" rating and set a $14.91 target price for the a research report on Tuesday, February 21st. All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. Lire la suite »

TSX lower as Home Capital, big banks weigh


The sale of assets, if successful, is likely to delay the sale of the entire company, the people said. It says the extent that access will be reduced going forward is uncertain. Eprile says the Toronto-based lender is working diligently to resolve those issues and "right the ship". She added the company is continuing its search for a new CEO and chief financial officer. Lire la suite »

April OPEC Oil Output Fell, But Saudi Arabia's Production Rose

In its monthly oil market report (MOMR), OPEC said the U.S. oil and gas companies have already stepped up activities in 2017 as they start to increase their spending amid a recovery in oil prices. Despite an overall drop in OPEC crude production in April, Saudi Arabia's output increased, according to a monthly report from the cartel out Thursday. Lire la suite »

Elon Musk's New Video For His Dumb Tunnel Project Is Awesome


The video comes just a couple of weeks after a video published on YouTube (below) demonstrated how the subterranean transport network would operate. Unlike the majority of his fellow humans, however, Musk isn't content to just complain about it: instead, he's boring a network of secretive underground tunnels in an effort to solve Los Angeles' congestion problem. Lire la suite »

United Internet buys Drillisch to stir up German telecoms market

The two companies said the merger would create a fourth strong player in the German telecommunications market, with synergies of EUR150 million by 2018, rising to EUR250 million annually by 2020. The synergies will partially be enabled by Drillisch's existing exclusive access to Telefonica Deutschland's mobile network. Granted this will help the ongoing notion of German market fix, but NewCo's ability to influence the market in a meaningful fashion is limited at best. Lire la suite »

Amaya Inc. (AYA) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS


The firm's revenue for the quarter was up 10.0% compared to the same quarter a year ago. The company's 50-day moving average price is $17.18 and its 200 day moving average price is $15.01. The fund owned 14,774 shares of the technology company's stock after buying an additional 5,700 shares during the period. Promoted after founder David Baazov stepped down amid insider trading charges and poor earnings performance, Ashkenazi is working to pay down debt, install a new management team and ... Lire la suite »

Morrisons to sell 'cheapest avocado on the market'


The misshapen fruit comes as the global price of avocados has reached a record high due to flood, drought, late harvests and grower strikes. The average retail price has hit £1.05 which is up from 98p past year. "Apart from being odd shapes and sizes, and with some marks on the outer hard skin, they're the same as normal avocados". As well as making the price of avocados cheaper for its customers, the wonky fruits will benefit the growers in South Africa by reducing waste, increasing crop ... Lire la suite »