Business

Business LCBO will be Ontario's (and your) legal weed dealer
Author: 0 LCBO will be Ontario's (and your) legal weed dealer

The bill outlining that legislation is now before the Canadian Parliament. "As we build up a safe, responsible channel for recreational cannabis, our twin goal will be to stop the sale of illegal, unregulated and unsafe cannabis", said Ontario Attorney General Yasir Naqvi.

Business NY regulator reduces fine on Habib Bank to $225m
Author: 0 NY regulator reduces fine on Habib Bank to $225m

He advised Islamabad that "It's time for Pakistan to demonstrate its commitment to fight terror". According to report , Habib Bank neglected compliance concerns and red flags by authorities on transactions that allegedly promoted terrorism , money laundering or other illicit ends, ny banking officials said.

Business Flipkart Big Billion Days Sale Starts From September 20
Author: 0 Flipkart Big Billion Days Sale Starts From September 20

It will start from September 20th and ends on September 24th in this month. Amazon India did not reveal the dates for this year's Great Indian Festival, but according to an executive familiar with the company's plans, Amazon is expected to hold the sale around the same time.

Business Revamp boards of PSBs, make them independent of govt: Raghuram Rajan
Author: 0 Revamp boards of PSBs, make them independent of govt: Raghuram Rajan

To another question on the public sector banks merger, which the government is actively pursuing, Rajan said, "PSU banks merger will create yet another distraction, merger without cleaning bank balance sheet is shooting in the dark". But he also acknowledged that it is hard to single out the program's impact on the economy, as there are two other major dampeners on India's growth: A high level of debt and short-term uncertainty caused by the implementation of the goods and services tax.

Business Amazon.com, Inc. (AMZN) Accused Of Price Gouging As Irma Approaches
Author: 0 Amazon.com, Inc. (AMZN) Accused Of Price Gouging As Irma Approaches

On the producer side, the higher price provides sellers the incentive to make and sell more of a particular good. - JustinP (@realJustinTime3) September 4, 2017Hey @ amazon @AmazonHelp , you should monitor the price gauging going on right now...$100 for 24pk of water that is usually about $10??? Opponents of this practice refer to it as price-gouging, and many states outlaw the practice.

Business VERIFY: Are airlines price gouging people flying out of Florida?
Author: 0 VERIFY: Are airlines price gouging people flying out of Florida?

JetBlue and American both said they are selling remaining direct flights this week for $99, while Delta is capping direct flights at $399 . It is unclear whether discounted fares will be offered out of Savannah Hilton Head International Airport or Hilton Head Island Airport should an evacuation order be issued in Georgia or SC, but The Island Packet and The Beaufort Gazette will check in with the airlines at that time.

Business Equifax says cyber attack may have hit 143 million customers
Author: 0 Equifax says cyber attack may have hit 143 million customers

The company, however, said it hasn't found any indication that its "core consumer or commercial credit reporting databases", had been comprised. Information accessed by hackers includes names, Social Security numbers, birth dates, addresses and driver's license numbers.

Business Insider Transaction Update on The Walt Disney Company (NYSE:DIS)
Author: 0 Insider Transaction Update on The Walt Disney Company (NYSE:DIS)

The shares were purchased at an average price of $102.34 per share, with a total value of $99,883.84. Walt Disney now has $150.43 billion valuation. The company was maintained on Friday, August 11 by Barclays Capital. Putting the focus on shares of Walt Disney Co ( DIS ), we have noted that the SuperTrend indicator is now above the stock price.

Author: 0 Genworth Financial Inc (GNW) Upgraded to "Buy" by Zacks Investment Research

BlackRock Inc. now owns 48,718,954 shares of the financial services provider's stock worth $200,723,000 after purchasing an additional 48,216,968 shares during the last quarter. GNW trades at a forward P/E of 3.74, a P/B of 0.13, and a P/S of 0.19, compared to a forward P/E of 9.00, a P/B of 0.89, and a P/S of 0.76 for PRU.

Business TOYS 'R' United States $400m In Debt, Exploring Bankruptcy & Other Options
Author: 0 TOYS 'R' United States $400m In Debt, Exploring Bankruptcy & Other Options

While many traditional retailers have struggled to compete with Amazon , the debt load carried by Toys "R" Us has amplified that pressure. "We expect to provide an update about these activities, as well as the many initiatives underway to provide an outstanding customer experience in our global retail locations and webstore during the holiday season, during our second quarter earnings call".

Business Eli Lilly to cut 3500 jobs, focus on new drugs
Author: 0 Eli Lilly to cut 3500 jobs, focus on new drugs

The Farmers & Merchants Investments Inc holds 45,399 shares with $3.34 million value, up from 38,429 last quarter. "To fully streamline our organization and invest in the next generation of new medicines, we are taking action to streamline our organization and reduce our fixed costs around the world", said David Ricks, chairman and chief executive officer of Eli Lilly.

Business Lyft to Use Self-Driving Cars in San Francisco
Author: 0 Lyft to Use Self-Driving Cars in San Francisco

Drive.ai will supply the cars and the software while Lyft will offer its vast network of riders. However, the rides will be free. Drive.ai has already received a self-driving permit from the state of California, and all pilot program vehicles will have a trained driver in the auto, just in case.

Business IBM puts $240m into MIT and a 10 year AI research facility
Author: 0 IBM puts $240m into MIT and a 10 year AI research facility

This new AI lab builds on a decades-long research relationship between the two - and not limited to fintech of course. The collaboration seeks to improve the performance of artificial intelligence projects, improving the algorithms that make them work, examining the physical materials that support their hardware, and looking for new ways to apply the technology to industry.

Business Eurozone set for fastest growth since 2007, says European Central Bank
Author: 0 Eurozone set for fastest growth since 2007, says European Central Bank

Additionally, president Draghi could clarify the bank's forward guidance on interest rates, "perhaps stating that interest rates will not rise until well into 2019", McKeown said. "Our forecast that the currency will end this year and next at $1.15 is reliant on renewed tightening by the US Fed and some easing of geopolitical concerns and related safe haven flows", McKeown said.

Business Putin warns crisis with North Korea 'may become a global catastrophe'
Author: 0 Putin warns crisis with North Korea 'may become a global catastrophe'

Putin was attending a meeting in Xiamen , China, of leaders of five emerging economic powers known as BRICS - Brazil, Russia , India, China and South Africa. Trump has threatened to cut off trade with all countries that do business with North Korea, a group that includes China. According to latest available data from the U.N., Russian Federation exported approximately 36,000 tonnes of oil products in 2015 to North Korea, compared to China's yearly export of 500,000 tonnes of crude and ...

Author: 0 Technical Watch - Microsoft Corporation (MSFT) moves -2.08% off from One Year High

Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty have issued a buy rating to the stock. In the last quarter, insiders have sold 7,108,526 shares of company stock worth $515,879,974. Cubic Asset Limited Co has 131,350 shares. Equities research analysts forecast that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.

Author: 0 Nabors Industries Ltd. (NYSE:NBR) Lifted to "Buy" at Seaport Global Securities

The stock closing price is now trading upward to its 50 day moving average with change of 11.25%, escalated to its 20 day moving average with figure of 3.69% and above its 200 day moving average with value 31.45%. Glg Partners Lp increased Ross Stores Inc (NASDAQ:ROST) stake by 149,178 shares to 149,440 valued at $9.80M in 2016Q4. New York-based Clearbridge Invs Lc has invested 0.86% in Apple Inc.

Business Himax Technologies, Inc. (HIMX) — Trending Stock
Author: 0 Himax Technologies, Inc. (HIMX) — Trending Stock

The business is scheduled to issue its next quarterly earnings report on Thursday, November 9th. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. Bank of Montreal Can now owns 220,113 shares of the semiconductor company's stock worth $2,007,000 after acquiring an additional 170,000 shares during the period.

Business Arun Jaitley Meets Japanese Defence Minister, Focus On Deepening Military Ties
Author: 0 Arun Jaitley Meets Japanese Defence Minister, Focus On Deepening Military Ties

In the past, then Prime Minister Indira Gandhi held the portfolio twice - from December 1 to December 21, 1975, and January 14, 1980, to January 15, 1982. "My priority will definitely be the armed forced preparedness". "It is very important to boost India's defense production". She also assured that soldier's family welfare interests would be well taken care of.

Business Storm surge: Hurricane Harvey boosts jobless claims by 62000 to 298000
Author: 0 Storm surge: Hurricane Harvey boosts jobless claims by 62000 to 298000

It was the largest weekly increase since November 2012, when claims soared in the wake of Superstorm Sandy , which devastated the densely populated NY metropolitan area. US nonfarm employers have added jobs every month since October 2010, according to Labor Department data. "Monthly job growth weakened in the wakes of Katrina and Sandy, but did not outright decline", he added.

Business Texas, US Gas Prices Continue To Surge In Harvey's Aftermath
Author: 0 Texas, US Gas Prices Continue To Surge In Harvey's Aftermath

Retail gasoline prices in Texas and across the country continue to surge in the aftermath of catastrophic flooding brought by Hurricane Harvey. Of the metro areas in Texas, drivers in Dallas are paying the most on average at $2.67. No refineries have returned to normal rates, but at least four are operating at reduced rates. Prices could increase by another 5 to 10 cents in the next week, but are expected to drop at the end of September.

Business The Royal Caribbean Cruises Ltd. (RCL) Plans Dividend Increase - $0.60 Per Share
Author: 0 The Royal Caribbean Cruises Ltd. (RCL) Plans Dividend Increase - $0.60 Per Share

For the full year, analysts expect earnings to jump 23.4% yoy to $3.85. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. The stock decreased 1.27% or $0.31 on September 5, reaching $24.18. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.02%.

Author: 0 Brookdale Senior Living Inc. (NYSE:BKD) Experiences Heavier than Average Trading Volume

The company has market cap of $2.23 billion. With short interest at 12,840,955 and short average daily volume at 3,665,741, the short-interest ratio is 4.0 and the percentage of shorted shares was 0.07% on August 15. The Brookdale Ancillary Services segment includes the outpatient therapy, home health and hospice services, as well as education and wellness programs, provided to residents of numerous Business's communities and to seniors living outside of the Business's communities.

Business Indian owner of Royal Enfield to make binding bid for Ducati
Author: 0 Indian owner of Royal Enfield to make binding bid for Ducati

If successful, the move will power Eicher Motors' portfolio, brand equity, global reach and access to technology, multiple sources aware of the development told ET. Since earlier this April, VW has been working with boutique investment bank Evercore to sell the brand. The mentioned valuation is approx 15 times higher than its EBITDA (Earnings before interest, taxes, depreciation and amortisation) of €100 Million (₹760 Crores).