Markets

Bed Bath & Beyond To Close 40 Stores This Year

Bed Bath & Beyond To Close 40 Stores This Year The new store concept did generate higher sales for the company, according to the retailer. On the company's earnings call, CFO Robyn D'Elia said they are in need of more favorable lease terms with landlords. "Our transformation began some 18 months ago and comprises a thorough overhaul of much of what we do to deliver on our commitment to improve revenue growth, enhanced gross and operating m... [Full Article...]

Mega Millions numbers: Did you win Tuesday's $245 million lottery jackpot?

They opted to take a cash option one-time payment of almost $878 million, making this the largest jackpot payout to a single victor in USA history. Deadline is 7:08 p.m. Mega Millions is played in 44 states, plus the District of Columbia and the Virgin Islands. If no jackpot victor emerges from Tuesday night's drawing, the estimated annuity value for Friday, Oct. [Full Article...]

Rite Aid approves reverse stock split to stay on the NYSE

Rite Aid approves reverse stock split to stay on the NYSE Average True Range (ATR ) is a technical analysis indicator that measures market volatility by de-composing the entire range of an asset price for that period. A rating of 1 or 2 would be indicating a Buy recommendation. As of now, RAD has a P/S, P/E and P/B values of 0.03, 0 and 0.41 respectively. Its P/Cash is valued at 1.38. [Full Article...]

Entertainment complex inaugurated at Singapore's Changi airport

Entertainment complex inaugurated at Singapore's Changi airport The everyday airport is a frenetic, stress-filled place, so Jewel Changi aims to be a haven of calm while passengers wait for their flights. Jewel is now open to the pre-registered pubic starting from Thursday and will be officially opened on April 17. [Full Article...]

Geely launches new electric car brand 'Geometry'

Geely launches new electric car brand 'Geometry' It is said that Geely wants to ride on the strong wave of electric vehicles as nearly every auto manufacturer in the world is working on alternate source to fossil fuel, electric mainly. The company claims, based on the price of electricity in Beijing, 1km would cost just.07 RMB (USD $.01) and a daily 30km commute would be less than 2 RMB (USD $.30). [Full Article...]

JetBlue Unveils First European Route to London

JetBlue Unveils First European Route to London Geraghty called on U.S. and European regulators to "create conditions" for smaller carriers to thrive, saying the larger airlines had been allowed to get bigger and stifle competition. " JetBlue will have to contend with greater seasonality, reduced efficiency and higher cost - albeit with higher competing fares", Savanthi Syth, a Raymond James Financial analyst, said in a note Thursday. [Full Article...]

Cut melon linked to US salmonella outbreak recalled

Cut melon linked to US salmonella outbreak recalled The illness can last up to a week, although most people recover without treatment. Fifty-seven percent are female. Twenty-three people have been hospitalized and no deaths have been reported. Salmonella Carrau is described as rare. The products were made at the Caito Foods Indianapolis plant. Because it is possible that products could still be on store shelves, the recall covers both retailer... [Full Article...]

Japanese court extends Nissan ex-chair Ghosn's detention until April 22

Japanese court extends Nissan ex-chair Ghosn's detention until April 22 Despite all of Nissan's effort to divulge his doomsday, apparently as part of a broadened corporate coup to get rid of French Renault's upper hand over the alliance, Ghosn had repeatedly been quoted saying that he was innocent of all the charges brought against him and he had been a victim of a corporate coup. [Full Article...]


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