Intel earnings: How Intel figures in data-center recovery is key

Intel Corp. is looking to hand in its second quarter of revenue growth in a row after sales stalled at the beginning of 2019, but only if data-center sales growth can offset declines in the chip maker’s largest segment. Intel INTC, -0.10% is scheduled to report fourth-quarter earnings after the market close on Thursday. At CES, Intel announced new laptop and […]

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Shake Shack shares pop as Goldman Sachs sees menu innovation driving same-store sales

Shake Shack Inc. SHAK, +8.56% shares jumped 8% in Wednesday trading after a bullish note from Goldman Sachs forecasts a menu-driven same-store sales rise. Goldman analysts say softness in the burger chain’s third-quarter results was due to a weak menu. Same-store sales rose 2% in the third-quarter, falling short of the 2.5% growth FactSet forecast. During the fourth quarter, Shake […]

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Hallmarking made must for gold jewellery

The penalty may be worth five times the cost of the object and the imprisonment up to one year.  No jeweller will be allowed to sell gold jewellery or artefacts without hallmark from the Bureau of Indian Standards from January 15, 2021, onwards, Consumer Affairs Minister Ramvilas Paswan announced on Tuesday. If jewellery or artefacts made of 14, 18 and […]

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‘America To Continue To Benefit From Competition Between Post And TreeHouse’

Consumer packaged goods holding company Post Holdings said it terminated the agreement to acquire TreeHouse Foods, Inc.’s ready-to-eat or RTE cereal business. The company’s decision comes after the Federal Trade Commission or FTC filed a complaint against the proposed deal in December 2019, alleging that the deal will harm competition. According to the FTC, the acquisition would give Post more […]

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Aurora Cannabis now has a $1 price target from one analyst

Aurora Cannabis Inc. stock is set to go to $1, according to an analyst. In a note to clients late Thursday, Piper Sandler analyst Michael Lavery downgraded the cannabis producer to the equivalent of a sell and issued a $1 target price, down from $3. Lavery cited risks related to the balance sheet and weak European Union sales as significant […]

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Delta employees sue Lands’ End — say uniforms cause skin rashes and hair loss

MADISON, Wis. (AP) — Hundreds of Delta Air LinesDAL, -1.66%  employees have filed a pair of class action lawsuits against Wisconsin-based clothing manufacturer Lands’ End, claiming that uniforms they are required to wear are causing serious medical problems. The first lawsuit against the Atlanta-based airline was filed in October with a second on Tuesday in federal court in Madison, the […]

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McClatchy freezes some pension benefits

McClatchy Co., the third-largest newspaper publisher in the U.S. by circulation, has frozen pension payments to some former executives and enlisted the services of a bankruptcy-administration firm as it seeks a government takeover of its retirement plan, the company’s chief financial officer said. The move is the latest sign of the liquidity pressure faced by a company that has struggled […]

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