Business

Cal-Maine Foods Reports Narrower First-Quarter Loss

Cal-Maine Foods Reports Narrower First-Quarter Loss

Cal-Maine Foods (CALM), a Jackson, Missouri-headquartered producer and distributor of eggs, posted a fiscal first-quarter loss that was narrower than a year earlier but missed the expectations of Wall Street analysts on Monday. The company’s net loss for the quarter ended September 2 was $16.0 million, or $0.33 per share, compared with a net loss of $30.9 million, or $0.64[Read More…]

by October 3, 2017 0 comments Business
Vitamin Shoppe To Offer Products to Chinese Consumers On-Line

Vitamin Shoppe To Offer Products to Chinese Consumers On-Line

Vitamin Shoppe (VSI) shares rose 6% on Monday after the company said it has launched its first digital platform in China. The company is partnering with Macy’s (M) China Limited to bring its product assortment –both private brand products and select third-party brands — to Chinese consumers through Alibaba’s (BABA) Tmall Global online shopping platform. Products will be shipped from[Read More…]

by October 3, 2017 0 comments Business
Crude Down Almost 2% As Higher OPEC Shipments Seen Mid-Oct

Crude Down Almost 2% As Higher OPEC Shipments Seen Mid-Oct

Brent crude futures were down nearly 2% by Thursday afternoon in New York after a cargo surveyor estimated oil shipments by OPEC will rise in the four weeks to mid-October from a month earlier. U.S. crude’s West Texas Intermediate (WTI) futures also fell by almost 2% after a market intelligence firm estimated a large build this week in supplies at[Read More…]

by October 2, 2017 0 comments Business, World News
McDonald’s Stock Jumps as Brokerage Upgrades

McDonald’s Stock Jumps as Brokerage Upgrades

McDonald’s (MCD) stock rose 2.5% in midday trading, the biggest hike in more than two months for the burger giant, after Longbow Research upgraded the stock to buy from neutral and said Q3 comparable sales were ahead of estimates. McDonald’s is expected to report Q3 comp sales of 4% to 4.5%, said analyst Alton Stump, which would exceed the consensus[Read More…]

by October 2, 2017 0 comments Business
European Equity Benchmarks Close Higher

European Equity Benchmarks Close Higher

The broad-based major European indices closed higher in Thursday’s trading session, as bank stocks and industrials lifted the markets into positive territory. In economic news, Eurostat, the statistical office of the European Union, said in Q4 of 2016 the gross weight of goods handled in the main ports of the European Union (EU) was more than 950 million tons, which[Read More…]

by October 2, 2017 0 comments Business