Business

Hormel Foods Corporation (HRL) Downgraded by Zacks Investment Research

Hormel Foods Corporation (HRL) Downgraded by Zacks Investment Research

It has outperformed by 123.85% the S&P500.The move comes after 6 months positive chart setup for the $153.03 million company. Navellier & Associates Inc decreased Hormel Foods Corp . Murano Elsa A sold 7,500 shares worth $258,750. It also upped Baxter International Inc. Investors sentiment is 1.04 in Q4 2016. On 11/21/2016 announced a quarterly dividend of $0.17 1.9% with an ex dividend date of 1/12/2017 which will be payable on 1/17/2017.



Tesla to Unveil Electric Semi Truck

Tesla is a company associated with electric cars for some years now and they plan to expand it further by adding a long haul electric truck to their line up . One of the greatest challenges is that the batteries required for electric trucks would be too large, thus, little room would be left for the cargo. The vehicle will have a 100-mile range and will be able to carry a payload of 9,400 pounds, about 1,000 pounds less than its diesel counterpart, according to Daimler official's statement.


'Driverless' lorry test on United Kingdom roads next year

'Driverless' lorry test on United Kingdom roads next year

Because the lead vehicle pushes air out of the way, the following vehicles do not have to burn as much fuel to cut through the air and therefore operate more efficiently, and with lower carbon emissions. The government is providing £8.1m in funding for trials of the technology. "Advances such as lorry platooning could benefit businesses through cheaper fuel bills and other road users thanks to lower emissions and less congestion".


Qantas' plans for non-stop flights from Sydney to London and NY

Qantas' plans for non-stop flights from Sydney to London and NY

A direct flight from Sydney on Australia's eastern seaboard to London would take about 20 hours, cutting around four hours off the current journey. Qantas has dubbed the endeavor "Project Sunrise", a nod to the "Double Sunrise" flights operated by Qantas across the Indian Ocean during World War II, which remained airborne long enough to see two sunrises.


Samsung chief gets 5-year prison term for corruption

Samsung chief gets 5-year prison term for corruption

Mr Lee, also known as Jay Y Lee , had been detained since February on a string of corruption charges including bribery, embezzlement and hiding assets overseas. Samsung Electronics shares were down 0.76 percent in morning trade. Samsung, founded in 1938 by Lee's grandfather, is a household name in South Korea and a symbol of the country's dramatic rise from poverty following the 1950-53 Korean War.


United Kingdom economy grew by just 0.3% in second quarter

United Kingdom economy grew by just 0.3% in second quarter

Household spending growth has slowed to its weakest pace for two and a half years as the weak pound squeezes family budgets, official figures show. The accompanying Business investment figures also painted a gloomy picture of the UK's future growth potential as the ONS reported that the risks posed by Brexit caused investment to remain flat in the second quarter.