Business

Business Bumble Bee Foods CEO Indicted on Federal Price Fixing Charges
Author: 0 Bumble Bee Foods CEO Indicted on Federal Price Fixing Charges

The one-count felony indictment claims that Lischewski, through meetings and other forms of communication, carried out a conspiracy by agreeing to fix the prices of packaged seafood. "American consumers deserve free enterprise, not fixed prices, so the Department will not tolerate crimes like the one charged in today's indictment", he added.

Author: 0 Antero Midstream Partners LP (NYSE:AM) Volatility in Focus

About 804,399 shares traded. It has underperformed by 11.55% the S&P500. Mckinley Ltd Liability Corp Delaware reported 0.05% in Antero Midstream Partners LP (NYSE:AM). Rice Midstream Partners LP (NYSE: RMP ) has declined 28.62% since May 16, 2017 and is downtrending. Another recent and important Oasis Midstream Partners LP (NYSE:OMP) news was published by Seekingalpha.com which published an article titled: "Oasis Midstream Partners LP's (OMP) CEO Taylor Reid on Q1 2018 Results - Earnings ...

Business Late passenger tries to break into plane, gets arrested at airport
Author: 0 Late passenger tries to break into plane, gets arrested at airport

According to Channel 9 the man made several attempts to enter the plane, "before he begins to bash it with his feet". A Jetstar spokeswoman told The West Online that its baggage handlers, went above and beyond to restrain the man. "In some unspecified time in the future he received away from them", she mentioned. "We reward our crew for safely dealing with this incident and restraining the passenger till police arrived", Jetstar mentioned in a press release.

Business JC Penney (JCP) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Author: 0 JC Penney (JCP) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Future earnings predictions are perhaps the most essential input when trying to value a company. The first sale was made at $3 but later the stock became weaker, and closed with a gain of 5.5%. The bigger the return, the more efficient management is in utilizing its asset base. The stock is now showing up return of 5.05% throughout last week and witnessed decreasing return of -7.32% in one month period.

Business Global oil demand may suffer as crude nears $80: IEA
Author: 0 Global oil demand may suffer as crude nears $80: IEA

LONDON, May 16 ( Reuters ) - Oil fell on Wednesday ahead of an anticipated rise in USA crude inventory that could provide more evidence that demand may be slowing in spite of ongoing crude output cuts by producer group OPEC and imminent US sanctions against Iran .

Business Blokes lead the way as WA jobless rate tumbles
Author: 0 Blokes lead the way as WA jobless rate tumbles

There were 22,600 more people with jobs in April, more than the 20,000 expected by economists, with the growth all coming in full-time positions, seasonally adjusted figures from the Australian Bureau of Statistics show. BIS Oxford Economics head of macroeconomics Sarah Hunter said the wage results will make it challenging for the federal government to hit its projected budget surplus in mid-2020 given the Treasury's dependence on robust increases in income tax revenue.

Business Walmart (WMT) Receives Outperform Rating from Robert W. Baird
Author: 0 Walmart (WMT) Receives Outperform Rating from Robert W. Baird

Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer's stock valued at $1,156,909,000 after purchasing an additional 224,821 shares in the last quarter. "Buy" rating has 13, "Sell" are 0, while 10 are "Hold". Walmart now has a consensus rating of "Buy" and an average target price of $98.71. Walmart Inc .

Business Kroger paying $247M to license Ocado online home-delivery technology
Author: 0 Kroger paying $247M to license Ocado online home-delivery technology

The shares jumped 62% to 894.6p on news of the tie-up with the largest supermarket chain in the US, Ocado's fourth global deal with a supermarket in the last six months. "This is a sign that the momentum is very much behind Ocado in terms of its worldwide expansion". James Zimmerman , the best performing manager in Citywire's UK Smaller Companies sector over the a year ago, holds 2.8% of his £297 million Jupiter UK Smaller Companies fund in Ocado , his third largest position.

Business Bankruptcy jeopardises RCom's US$3.7b deal; shares plummet
Author: 0 Bankruptcy jeopardises RCom's US$3.7b deal; shares plummet

The latter scenario would result in what could be one of India's biggest bankruptcies and conclude the downfall of what was once the country's second-largest phone operator. The Swedish firm had inked a seven-year deal in 2014 to operate and manage RCom's nationwide telecom network but has not been paid the bill. The company and two of its subsidiaries will decide on the next course of action after studying the detailed order, RCom said in an exchange filing.

Business US Senate votes to restore net neutrality
Author: 0 US Senate votes to restore net neutrality

Edward Markey, D-Mass. The resolution aims to overturn the FCC's repeal of the Obama administration's Open Internet Order of 2015, which officially established net neutrality . But the FCC's move has stirred fears among consumer advocates that cable and phone giants will be free to block access to services they don't like or set up "fast lanes" for preferred services - in turn, relegating everyone else to "slow lanes".

Business US SEC sets up own scam initial coin offering
Author: 0 US SEC sets up own scam initial coin offering

However, the ICO scene is full to the brim with exit scams, data breaches, and criminal schemes which can leave investors seriously out of pocket. The SEC has done its part to combat ICO fraud . The website - called "HoweyCoins.com" - mirrors marketing materials published by actual cryptocurrency promoters. Anyone that is somehow convinced enough to " buy coins now " on the site "will be led instead to investor education tools and tips from the SEC and other financial regulators".

Business Cisco Systems' outlook fails to excite Wall Street
Author: 0 Cisco Systems' outlook fails to excite Wall Street

AE Wealth Management LLC's holdings in Cisco Systems were worth $690,000 at the end of the most recent reporting period. Stonebridge Capital Advsr Lc holds 0.73% of its capital in Cisco Systems, Inc . 734 hedge funds increased and opened new equity positions, while 711 reduced and sold positions in Cisco Systems Inc so the sentiment improved. Cisco Systems Inc.

Business Jack Dorsey Talks Bitcoin and Blockchain
Author: 0 Jack Dorsey Talks Bitcoin and Blockchain

Dorsey said wider acceptance of bitcoin could help Square expand globally. Dorsey sat down with Elizabeth Stark of Lightning Labs in NY to talk about Square's new Cash app , which allows consumers to buy and sell bitcoin. "What we're seeing now is people are using it as their bank account", he said. Since Square deals with fiat currency, Dorsey said the company has to approach each market differently, find a unique banking partner, and work with different regulators depending ...

Business Appeals Court Refuses To Toss Planned Parenthood Video Lawsuit
Author: 0 Appeals Court Refuses To Toss Planned Parenthood Video Lawsuit

Litigation could take years. Two of the most restrictive state abortion laws in the country could go into effect soon. "We've moved quickly to challenge this cruel and reckless law because it can not be allowed to take effect", Rita Bettis, legal director for the ACLU of Iowa, told a news conference.

Business Tesla data confirms Utah crash details, NHTSA investigating
Author: 0 Tesla data confirms Utah crash details, NHTSA investigating

On two such occasions, she had her hands off the wheel for more than one minute each time and her hands came back on only after a visual alert. To wit, Musk just this week took to Twitter and said: "It's super messed up that a Tesla crash resulting in a broken ankle is front page news and the ~40,000 people who died in United States auto accidents alone in past year get nearly no coverage".

Business UK, France, Germany To Discuss Shielding Firms After US Exits Iran Deal
Author: 0 UK, France, Germany To Discuss Shielding Firms After US Exits Iran Deal

In the past, the European Union has also lodged complaints at the World Trade Organisation. Last week, US President Donald Trump said that the US would withdraw from the Iran nuclear deal, a landmark agreement signed in 2015. When the United States unilaterally abrogates an global agreement in the absence of any breach, we undermine worldwide perceptions of our reliability and responsibility.

Business HBO Docuseries 'The Case Against Adnan Syed' to Center on 'Serial' Subject
Author: 0 HBO Docuseries 'The Case Against Adnan Syed' to Center on 'Serial' Subject

The docuseries, like " Serial " before it, will reexamine the evidence that led to Syed's conviction as well as "groundbreaking revelations that challenge the state's case", according to a press release . However, in March this year the Court of Special Appeals ruled to vacate his conviction and granted him a retrial. "We'll be offering viewers a compelling window into one of the most talked about murder cases in recent years", Sky director of programming Zai Bennett told Variety of ...

Business ITC Q4 net profit rises 9.8% to Rs2,933 crore
Author: 0 ITC Q4 net profit rises 9.8% to Rs2,933 crore

Gross sales value at Rs 17,933.48 crore during the quarter recorded a muted growth of 3.6 per cent because of a decline in agri business revenue, excluding which the growth was 5.7 per cent driven by fast moving consumer goods and hotels. "Shortage of leaf tobacco in Andhra Pradesh due to lower crop output on account of drought in 2016 and adverse crop quality, relative strength of the Rupee vis-à-vis currencies of competing origins and limited trading opportunities in other agri-commodities ...

Author: 0 Fresh chargesheet names Mehul Choksi, PNB ex-MD

The quarterly loss of Rs 13,416 crore was attributed mainly to higher provisioning particularly to account for bad assets rising more than three-fold from Rs 4,910.39 crore to Rs 16,202.82 crore. On the NSE, the shares plunged 11.92 per cent to settle at Rs 75.70. As per the quarterly number, the RBI detected Gross NPA divergence of Rs 2,207 crore during the FY17.

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