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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 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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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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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 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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Shares in NMC Health plunged more than 15% on Wednesday after two controlling shareholders in the FTSE 100 health care group sold shares worth almost $500 million to cover their debts, weeks after U.S. short seller Muddy Waters raised questions about the group’s finances. In a statement to the London Stock Exchange, shareholders Saeed Al Qebaisi and Khaleefa Al Muhairi […]
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Pier 1 Imports Inc. shares sank 23.6% in Tuesday trading after the home-décor retailer announced it would shutter up to 450 stores, while Moody’s thinks a bankruptcy could be on the way. Pier 1PIR, -5.51%said it had a third-quarter net loss of $14.15 per share, same-store sales fell 11.4%, and sales were down 13.3% to $358.4 million. The company said […]
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With topics like 5G, Cloud and SaaS dominating the conversation in technology in 2020, what will this means for the biggest players in these spaces? Here are 10 predictions for what I expect to happen in tech over the next 12 months. 1. Apple’s 5G iPhone is delayed. There are many bets that the company will see another big year […]
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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 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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