Business

Nordstrom reports growth in 1Q profit, disappointing sales

Nordstrom reports growth in 1Q profit, disappointing sales

The institutional investor owned 9,380 shares of the specialty retailer's stock at the end of the first quarter. Moreover, Yacktman Asset Management Lp has 11.09% invested in the company for 43.58 million shares. Overall, the department store chain's first-quarter sales increased 2.7 percent, to $3.3 billion, in line with market watchers' expectations. Looking ahead, Nordstrong reaffirmed its prior guidance for EPS of $2.75 to $3.00, in-line with analysts' view of $2.93.



Treasurer warns banks against passing on levy

Morrison said that Australia's states and territories will only be able to draw on this fund when they deliver on their commitments to train new apprentices. Shadow Treasurer Chris Bowen said the Budget was an "attempted by failed catch-up with Labor" when he faced Ms Sales soon after Mr Morrison."Whether it is health, where they have not fully unwound the freeze on Medicare, whether it is housing or where their policy is a damp squib with very little of a reality for young home buyers, they ...


Spirit Realty Capital, Inc (SRC) Downgraded by Mizuho

Spirit Realty Capital, Inc (SRC) Downgraded by Mizuho

To gauge your chances of picking a winning stock, take a close look at its fundamentals, especially its earnings-per-share growth. Its down 12.46% from 6.41M shares previously. the EPS stands at 0.03 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.07, suggesting the stock fell short of the analysts' expectations.


TSX falls, weighed by Aimia stock, Moody's downgrade on banks

TSX falls, weighed by Aimia stock, Moody's downgrade on banks

The highest rating for a bank, representing minimum credit risk is Aaa. The outlook remains negative on all six lenders. Moody's Investors Service is concerned about Canadian banks, but investors should relax: Every dip is a buying opportunity.



Trump fails to repeal Obama's methane rule in US Senate

Robert Dillon, a spokesman for the American Council for Capital Formation, a business-aligned group that promotes lower regulations and taxes, said he is confident the methane rule will be overturned. Vice President Mike Pence was at the Capitol in case his vote was needed as a tiebreaker in a sign that McConnell thought the vote would be close. "Although his vote was thankfully overridden, Senator Cory Gardner today voted to put the health of Coloradans, and all Americans, at risk while ...


Passenger satisfaction up, but Canadian airlines lag behind

Passenger satisfaction up, but Canadian airlines lag behind

Overall satisfaction with the airline industry in 2017 increased by 30 points in the latest edition of the JD Power North America Airline Satisfaction Study , reaching its highest level ever in the study's 13-year history, thanks to lower fares, better on-time performance and fewer lost bags.