Economy

Industry reacts to penalty rate cuts

A Sunday penalty rate cut has employees and employers concerned for the future. The crux of the decision is contained in one sentence in the FWC's decision, where it suggests that "for many workers Sunday work has a higher level of disutility than Saturday work, though the extent of the disutility is much less than in times past". Read More

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Buffett's Berkshire says quarterly profit rises 15 percent

The Apple investment appears to reflect much of the $12 billion of stock that Buffett said he had bought between the November 8 Presidential election and the end of January. Both sides picked a charity that would get at least $1 million. His annual letters are always well read because of his successful track record and his knack for explaining complicated subjects in simple terms. Read More

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John Stones and Leroy Sané score late, Manchester City beat Monaco

I took a good decision and he tried to score in that side and made a good save from the penalty". "To live this experience helps us a lot in the future". "I had studied it [Falcao's penalties] with our goalkeeper coach Xabi in preparation for the game", he said afterwards. "Ups and downs. We attacked quite good, our build-up was quite slow, but it was not easy because Monaco are so organised". Read More

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WA election: Barnett wants to cut Sunday penalty rates for state workers

Ms Kathner who earns $600 per week and stands to lose $80 from her earnings each week in the cuts, asked Mr Turnbull if he himself could live off that amount. In making their decision, the Fair Work Commission noted there would be an affect on low-income workers and said "transitional arrangements" were needed to "mitigate the hardship" for workers impacted by the cuts. Read More

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Eldorado Gold Corporation (EGO) Releases Earnings Results, Beats Expectations By $0.05 EPS

Eldorado Gold Corporation (EGO) Releases Earnings Results, Beats Expectations By $0.05 EPS

The difference between actual earnings and estimated earnings was $0.02 per share. The firm is trading with SMA20 of -0.72 Percent, SMA50 of 6.72 Percent and SMA200 of -4.48 percent. This recommendation lands on a scale between 1 and 5. However, the stock is trading at -30.04% versus recent highs ($5.16). The company has the market capitalization of $4.26 Billion. Read More

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De Villiers smashes another ODI record

Enroute the 9000-run mark, De Villiers has the highest average of 53.86 and is also the only to have a strike-rate better than 100. The openers fell cheaply, and though Williamson and Ross Taylor tried to mount a recovery they were squeezed by some challenging bowling from Andile Phehlukwayo and Dwaine Pretorius, whose combined nine overs in their opening spells claimed four wickets for 16 runs. Read More

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Kasich Takes Pro-Medicaid Message To Meeting With President Trump

Kasich Takes Pro-Medicaid Message To Meeting With President Trump

He said as a result of their meeting, Kasich will have a follow-up session on Saturday with Trump's Health and Human Services Secretary, Tom Price, and the president's chief of staff. The governor repeatedly sidestepped questions that would have led him to slam Trump, eventually telling reporters: "It takes time for people to get stabilized - and we all want to wish this president the best". Read More

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JC Penney to close 140 stores, lay off 6000 employees

JC Penney to close 140 stores, lay off 6000 employees

While news of the closings and the offers for early retirements for about 6,000 employees is troubling and sad in many ways, Herring said, there are positive signs for San Angelo. Sears announced last December that it will close its anchor store at Town Center by April. In a news release , the company says it delivered a net profit in 2016 for the first time since 2010. Read More

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Hammered by internet, USA chain closing 140 stores

Hammered by internet, USA chain closing 140 stores

JC Penney chairman and chief executive Marvin R. Ellison said a store closure is "never an easy decision", but the move will help the company "effectively compete against the growing threat of online retailers". JCPenney closed its Huntsville store in late January at Madison Square Mall and has not announced plans to reopen elsewhere. Revenues fell 0.9% from a year ago to $3.96 billion, roughly in-line with analysts' $3.97 billion view. Read More

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Scorching Stock in Action: Mondelez International, Inc. (NASDAQ:MDLZ)

The number of shares now owned by investors are 1.57 bln. Ltd. raised its position in Mondelez International by 1.5% in the second quarter. Price T Rowe Associates Inc. Mondelez International's dividend payout ratio (DPR) is now 72.38%. (NASDAQ:MDLZ) can report EPS of $0.5. If you are viewing this story on another website, it was illegally stolen and republished in violation of U.S. Read More

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JC Penny to close 130 stores over next few months

JC Penny to close 130 stores over next few months

The retailer pointed out that it could achieve $1 billion EBITDA target in 2016 and earned a profit for the first time after 2010. The company said the decision on which stores will close will be announced in the coming weeks. JCP plans to close up to 140 stores and offer buyouts to 6,000 workers as the department-store industry sags in competition with online sellers and nimble niche retailers. Read More

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The Wal-Mart Stores, Inc. (WMT) Stake Raised by FormulaFolio Investments LLC

The Wal-Mart Stores, Inc. (WMT) Stake Raised by FormulaFolio Investments LLC

Company insiders own 51.55% of the company's stock. Susquehanna Bancshares Inc began coverage on shares of Wal-Mart Stores in a research note on Friday, February 10th. The company's a year ago sales total was 115.9 Billion. US Bancorp DE now owns 1,968,718 shares of the retailer's stock worth $141,984,000 after buying an additional 23,129 shares during the period. Read More

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Reliable stocks in today's share market: Vale SA (NYSE:VALE)

Reliable stocks in today's share market: Vale SA (NYSE:VALE)

However, he reiterated his Hold rating on the stock. Several other research firms have also recently issued reports on VALE. According to Zacks Investment Research, Cliffs Natural Resources Inc. (VALE) Cut to "Buy" at Vetr Inc." was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of worldwide trademark & copyright ... Read More

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ROI of Sirius XM Holdings Inc. (NASDAQ:SIRI) stands at 21

The co is presenting price to cash flow as 210.69, the low single digit may indicate stock is undervalued and vice versa. While if we look at the Earnings Track Record, Sirius XM Holdings Inc. This shows a surprise factor of 62.5 percent. (NASDAQ:SIRI) has a market capitalization of 24.28 Billion. (NASDAQ:SIRI) surged -1.55% yesterday to close its trading session at $5.07. Read More

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Gap Meets Q4 Earnings Estimates, Total Comps Up 2%

Gap Meets Q4 Earnings Estimates, Total Comps Up 2%

What Gap didn't say was that mass layoffs and store closing are on the way as opposed to some of its peers. Shares of Gap, Inc . Gap, Inc . has a one year low of $17.00 and a one year high of $30.74. This represents a $0.92 annualized dividend and a yield of 3.84%. Gap, Inc. (The)'s dividend payout ratio (DPR) is presently 55.09%. The legal version of this article can be accessed at https://baseballnewssource.com/markets/gap-inc-the-gps-pt-lowered-to-23-00-at-wedbush/460096.html. Read More

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Ratings Analysis of: Transocean Ltd. (NYSE:RIG)

Ratings Analysis of: Transocean Ltd. (NYSE:RIG)

And immediately on the next day after earnings announcement, the stock inclined 3.64% and closed its trading session at $10.83. Public Employees Retirement Association of Colorado now owns 11,126 shares of the offshore drilling services provider's stock valued at $119,000 after buying an additional 45 shares during the last quarter. Read More

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Baker Hughes' Rig Count Keeps Climbing With 3 Added This Week

The number of oil rigs increased to 602 from 597 and has increased for the last six weeks while the number of gas rigs declined slightly to 151 from 153. The total rig count is now at 754 rigs, up from an all-time low of 404 rigs in May, according to Baker Hughes . The Permian now accounts for 306 rigs, which equates to more than 50 percent of all the nation's oil rigs. Read More

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JC Penney Showing Notable Move To The Downside

JC Penney Showing Notable Move To The Downside

Questions about ties between Trump's team and Russian intelligence agents mounted Wednesday after news of extensive contacts between the two were reported. The High Revenue estimate is predicted as 4.1 Billion, while the Low Revenue Estimate prediction stands at 3.94 Billion. The business's revenue was down.9% compared to the same quarter a year ago. Read More

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Nebraska men's basketball falls to Michigan State 88-72

Nebraska men's basketball falls to Michigan State 88-72

After allowing 11 3-pointers to the Spartans in their first meeting, an 82-71 Michigan State victory in Lincoln, the Huskers held them to just four made 3s on 26.7 percent shooting. Entering the weekend, the Spartans are the No. 4 seed in the Big Ten tournament and would get a double-bye. The lone MSU point in that stretch was a free throw by Jankoska with 9:23 on the clock for her first point of the night. Read More

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