Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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Stocks making the biggest move premarket: TGT, BBY, KSS, LOW, MDT & more

Lowe’s – The home improvement retailer reported adjusted quarterly profit of $1.04 per share, beating estimates by 6 cents a share. Intuit – Intuit reported adjusted quarterly earnings of 29 cents per share, beating the consensus estimate of 11 cents a share. Urban Outfitters – Urban Outfitters came in 8 cents a share above estimates, with quarterly profit of 70 cents per share. Pure Storage – Pure Storage reported adjusted quarterly profit of 13 cents per share, 4 cents a share above estimates.


Lowe’s – The home improvement retailer reported adjusted quarterly profit of $1.04 per share, beating estimates by 6 cents a share. Intuit – Intuit reported adjusted quarterly earnings of 29 cents per share, beating the consensus estimate of 11 cents a share. Urban Outfitters – Urban Outfitters came in 8 cents a share above estimates, with quarterly profit of 70 cents per share. Pure Storage – Pure Storage reported adjusted quarterly profit of 13 cents per share, 4 cents a share above estimates.
Stocks making the biggest move premarket: TGT, BBY, KSS, LOW, MDT & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: peter schacknow
Keywords: news, cnbc, companies, cents, revenue, quarterly, stocks, reported, premarket, estimates, adjusted, biggest, low, mdt, kss, bby, share, profit, sales, making, forecasts, tgt


Stocks making the biggest move premarket: TGT, BBY, KSS, LOW, MDT & more

Check out the companies making headlines before the bell:

Target – The retailer earned an adjusted $1.09 per share for the third quarter, 3 cents a share below estimates. Revenue exceeded forecasts, however, and comparable-store sales were up 5.1 percent, just slightly below the Refinitiv estimate of a 5.2 percent increase.

Best Buy – The electronics retailer beat estimates by 8 cents a share, with adjusted quarterly earnings of 93 cents per share. Revenue and comparable-store sales also beat Street forecasts, and Best Buy raised its full-year financial guidance.

Kohl’s – Kohl’s earned an adjusted 98 cents per share for the third quarter, 2 cents a share above estimates. Revenue came in above analysts’ projections. Comparable-store sales rose more than expected, and the retailer raised its full-year guidance.

Lowe’s – The home improvement retailer reported adjusted quarterly profit of $1.04 per share, beating estimates by 6 cents a share. Revenue topped forecasts. Comparable-store sales rose less than expected, however, and a full-year EPS forecast of $5.08-$5.13 was short of a consensus estimate of $5.15 a share.

Medtronic – The medical device maker beat forecasts by 7 cents a share, with adjusted quarterly profit of $1.22 per share. Its revenue beat estimates and Medtronic raised its full-year organic revenue growth guidance.

Campbell Soup – Campbell earned an adjusted 79 cents per share for its latest quarter, 9 cents a share above estimates. Revenue also exceeded forecasts. The company said it is seeing improved trends in soup sales and a return to growth for its V8 business.

Hormel – The maker of Spam, Dinty Moore, and other food brands beat estimates by 2 cents a share, with adjusted quarterly profit of 51 cents per share. Revenue was very slightly below forecasts, however. Hormel also announced a 12 percent dividend increase.

Intuit – Intuit reported adjusted quarterly earnings of 29 cents per share, beating the consensus estimate of 11 cents a share. The financial software company’s revenue also came in above Street forecasts. The maker of TurboTax software also gave an upbeat forecast for the current quarter.

Urban Outfitters – Urban Outfitters came in 8 cents a share above estimates, with quarterly profit of 70 cents per share. The apparel retailer also reported better-than-expected revenue and reported a better-than-expected 8 percent increase in comparable-store sales.

L Brands – L Brands beat forecasts by a penny a share, with adjusted quarterly profit of 16 cents per share. The Victoria’s Secret parent saw revenue come in slightly above estimates. The company raised its full-year guidance, but also announced it was cutting its annual dividend in half to $1.20 per share. L Brands also appointed John Mehas, the president of women’s apparel and accessories brand Tory Burch, as CEO of the Victoria’s Secret unit effective in early 2019. Victoria’s Secret sales have fallen in seven of the past eight quarters.

Boston Scientific – Boston Scientific offered to buy British drug maker BTG for about $4.24 billion in cash. The medical device maker’s bid represents a premium of nearly 37 percent over BTG’s Monday closing price, and the company said it would recommend the deal to its shareholders.

Pure Storage – Pure Storage reported adjusted quarterly profit of 13 cents per share, 4 cents a share above estimates. The data storage company’s revenue came in above estimates and Pure Storage raised the low end of its full-year earnings outlook range.

Agilent Technologies – Agilent reported adjusted quarterly profit of 81 cents per share, beating estimates by 7 cents a share. The life sciences company’s revenue also topped Street forecasts and the company announced a $1.75 billion share buyback program.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: peter schacknow
Keywords: news, cnbc, companies, cents, revenue, quarterly, stocks, reported, premarket, estimates, adjusted, biggest, low, mdt, kss, bby, share, profit, sales, making, forecasts, tgt


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‘Facebook’s got a big job cleaning it up’: Former board member Donald Graham

Former Facebook director Donald Graham sees a lot of work ahead of the social media giant to clean up misinformation of the platform, but he expressed confidence in its leadership. “Facebook’s got a big job cleaning it up,” the former Washington Post publisher and current Graham Holdings chairman said in an interview on CNBC’s “Squawk Box” on Tuesday. Graham said he still believes in Zuckerberg and Sandberg to lead the company out of the past year’s series of scandals. “I believe as strongly as


Former Facebook director Donald Graham sees a lot of work ahead of the social media giant to clean up misinformation of the platform, but he expressed confidence in its leadership. “Facebook’s got a big job cleaning it up,” the former Washington Post publisher and current Graham Holdings chairman said in an interview on CNBC’s “Squawk Box” on Tuesday. Graham said he still believes in Zuckerberg and Sandberg to lead the company out of the past year’s series of scandals. “I believe as strongly as
‘Facebook’s got a big job cleaning it up’: Former board member Donald Graham Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: lauren feiner
Keywords: news, cnbc, companies, job, facebook, confidence, big, sandberg, donald, model, youtube, social, board, company, media, graham, zuckerberg, facebooks, member, cleaning


'Facebook's got a big job cleaning it up': Former board member Donald Graham

Former Facebook director Donald Graham sees a lot of work ahead of the social media giant to clean up misinformation of the platform, but he expressed confidence in its leadership.

“Facebook’s got a big job cleaning it up,” the former Washington Post publisher and current Graham Holdings chairman said in an interview on CNBC’s “Squawk Box” on Tuesday.

A New York Times investigation last week alleged that CEO Mark Zuckerberg and Chief Operation Officer Sheryl Sandberg resisted efforts to investigate Russian activity on Facebook quickly enough.

Graham said he still believes in Zuckerberg and Sandberg to lead the company out of the past year’s series of scandals. “I believe as strongly as I can in the two people working to fix it,” he said.

When asked whether Facebook’s advertising model is still right for the social media company, Graham said, “I don’t see another model that remotely could build today’s Facebook.” He reaffirmed his confidence in the company by saying that unlike some of its tech peers, including Google and Amazon, “nobody needs to go on Facebook unless they find it enjoyable or useful.”

—Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: lauren feiner
Keywords: news, cnbc, companies, job, facebook, confidence, big, sandberg, donald, model, youtube, social, board, company, media, graham, zuckerberg, facebooks, member, cleaning


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Barclays: Stocks will go nowhere next year as tax cut boost will fade

Gains in the U.S. stock market will be hard to find in 2019 as one-time boosts like tax cuts and government spending will fade and the U.S.-China trade conflict continues, according to Barclays. He also noted that heightened U.S.-China trade tensions actually boosted trade this year as businesses front-loaded some of their orders before tariffs kick in. Companies got a big boost after President Donald Trump signed a bill late last year that cut the federal corporate tax rate to 21 percent from 3


Gains in the U.S. stock market will be hard to find in 2019 as one-time boosts like tax cuts and government spending will fade and the U.S.-China trade conflict continues, according to Barclays. He also noted that heightened U.S.-China trade tensions actually boosted trade this year as businesses front-loaded some of their orders before tariffs kick in. Companies got a big boost after President Donald Trump signed a bill late last year that cut the federal corporate tax rate to 21 percent from 3
Barclays: Stocks will go nowhere next year as tax cut boost will fade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: fred imbert, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, cut, tax, earnings, tariffs, growth, trump, stocks, boost, uschina, deshpande, corporate, trade, barclays, fade, likely, spending


Barclays: Stocks will go nowhere next year as tax cut boost will fade

Gains in the U.S. stock market will be hard to find in 2019 as one-time boosts like tax cuts and government spending will fade and the U.S.-China trade conflict continues, according to Barclays.

Maneesh Deshpande, head of U.S. equity strategy at Barclays, said in a note Monday that he expects the S&P 500 to end next year at 3,000, which is the same as his year-end target for 2018. The S&P 500 closed at 2,690.73 on Monday.

“We expect moderate 2019 EPS growth of 7% after a remarkable 2018 run (~25% y⁄y) as several one-off drivers fade,” Deshpande said, referring to lower corporate and personal taxes, as well as a bipartisan bill that increased government spending. He also noted that heightened U.S.-China trade tensions actually boosted trade this year as businesses front-loaded some of their orders before tariffs kick in.

“A common thread which runs through these diverse set of drivers is that their impact on growth rates is likely to be one-off,” Deshpande said. “Hence … both earnings and economic growth are likely to normalize during 2019.”

S&P 500 earnings have been on fire this year, rising at least 25 percent in the first three quarters of the year. Companies got a big boost after President Donald Trump signed a bill late last year that cut the federal corporate tax rate to 21 percent from 35 percent. Back in February, Trump also signed a bill that extended government spending for two years and increased budget caps by about $300 billion.

But as these one-time catalysts lose steam, Deshpande said the U.S.-China trade skirmish could take “a bigger bite out of earnings growth” next year.

“Our base case is that trade tensions are unlikely to abate,” Deshpande said. “The administration is likely to focus even more heavily on trade policy since it falls under the purview of executive action as the legislative channel is now closed after the results of the mid-term elections.”

China and the U.S. have exchanged tariffs on billions of dollars worth of each other’s goods this year as the Trump administration adopts a more protectionist stance on trade. These levies have raised concern this year that tighter trade conditions could hinder global economic growth as well as corporate profits.

“In our opinion, the impact of these tariffs is not currently factored into the consensus forecasts and will only be reflected once companies give explicit guidance,” Deshpande noted.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: fred imbert, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, cut, tax, earnings, tariffs, growth, trump, stocks, boost, uschina, deshpande, corporate, trade, barclays, fade, likely, spending


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Saudi foreign minister says CIA assessment on Khashoggi murder is false

Saudi Arabia’s foreign minister said on Tuesday that claims, including by the CIA, that Crown Prince Mohammed bin Salman gave the order to kill journalist Jamal Khashoggi were false, according to an Arabic-language newspaper interview. News outlets, including Reuters, reported the CIA’s finding over the weekend in a case that has sparked an international outcry against the world’s top oil exporter. This was the most definitive U.S. assessment to date tying Saudi Arabia’s de facto ruler directly


Saudi Arabia’s foreign minister said on Tuesday that claims, including by the CIA, that Crown Prince Mohammed bin Salman gave the order to kill journalist Jamal Khashoggi were false, according to an Arabic-language newspaper interview. News outlets, including Reuters, reported the CIA’s finding over the weekend in a case that has sparked an international outcry against the world’s top oil exporter. This was the most definitive U.S. assessment to date tying Saudi Arabia’s de facto ruler directly
Saudi foreign minister says CIA assessment on Khashoggi murder is false Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: fayez nureldine, afp, getty images
Keywords: news, cnbc, companies, murder, saudi, cia, crown, prince, foreign, minister, leaks, including, newspaper, evidence, false, khashoggi, assessment


Saudi foreign minister says CIA assessment on Khashoggi murder is false

Saudi Arabia’s foreign minister said on Tuesday that claims, including by the CIA, that Crown Prince Mohammed bin Salman gave the order to kill journalist Jamal Khashoggi were false, according to an Arabic-language newspaper interview.

News outlets, including Reuters, reported the CIA’s finding over the weekend in a case that has sparked an international outcry against the world’s top oil exporter. This was the most definitive U.S. assessment to date tying Saudi Arabia’s de facto ruler directly to the killing and contradicted Saudi government assertions that he was not involved.

“We in the kingdom know that such allegations about the crown prince have no basis in truth and we categorically reject them, whether through leaks or not,” Foreign Minister Adel al-Jubeir was quoted as saying in Saudi-owned Al Sharq Al Awsat newspaper in the first Saudi official comment on the CIA report.

“They are leaks that have not been officially announced, and I have noticed that they are based on an assessment, not conclusive evidence,” he added.

A source familiar with the CIA’s assessment said it was based largely on circumstantial evidence relating to the prince’s central role in running the Saudi government.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: fayez nureldine, afp, getty images
Keywords: news, cnbc, companies, murder, saudi, cia, crown, prince, foreign, minister, leaks, including, newspaper, evidence, false, khashoggi, assessment


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As US recession chances increase, the Fed may deliver fewer rate hikes: Reuters poll

GDP growth is then forecast to slow to 2.0-2.5 percent throughout 2019 and then down to 1.8 percent by mid-2020, about half the latest reported rate. Economists in the latest poll unanimously said the Fed will raise the federal funds rate by 25 basis points to 2.25-2.50 percent in December. But the third rate rise is a close call, with just over half, 54 of 102 economists forecasting that outcome. Part of the reason for the lack of conviction for more rate rises stems from still-tame inflation p


GDP growth is then forecast to slow to 2.0-2.5 percent throughout 2019 and then down to 1.8 percent by mid-2020, about half the latest reported rate. Economists in the latest poll unanimously said the Fed will raise the federal funds rate by 25 basis points to 2.25-2.50 percent in December. But the third rate rise is a close call, with just over half, 54 of 102 economists forecasting that outcome. Part of the reason for the lack of conviction for more rate rises stems from still-tame inflation p
As US recession chances increase, the Fed may deliver fewer rate hikes: Reuters poll Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: david a grogan
Keywords: news, cnbc, companies, economists, fewer, deliver, latest, half, hikes, fed, rate, chances, slowing, growth, inflation, trade, recession, increase, slow, poll


As US recession chances increase, the Fed may deliver fewer rate hikes: Reuters poll

The Federal Reserve is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down.

The probability of a U.S. recession in the next two years, while still low, also nudged up to a median 35 percent from 30 percent in the latest monthly Reuters survey of economists taken Nov 13-19. It held at 15 percent for the next 12 months.

While many developed economies are already slowing, growth in the world’s largest economy is still solid, riding the tail-end of a $1.5 trillion tax cut boost, and official unemployment is the lowest in nearly half a century.

But that shine is forecast to start coming off this quarter, with growth slowing more by the end of next year as a trade stand-off with China shows no signs of letting up.

“The economy is facing a growing number of headwinds, including the lagged effects of previous interest rate rises and dollar strength, the uncertainty of trade protectionism at a time when external demand is slowing, and a sense that the support from the fiscal stimulus will gradually fade,” said James Knightley, chief international economist at ING.

“The main risk to the upside likely stems from the tight jobs market and whether wages can continue rising, but … we look for economic growth to slow through 2019 and this should see inflation pressures gradually recede late next year.”

Gross domestic product (GDP) will expand at an annualized rate of 2.7 percent this quarter, down from 4.2 percent in the second quarter and 3.5 percent in the third.

GDP growth is then forecast to slow to 2.0-2.5 percent throughout 2019 and then down to 1.8 percent by mid-2020, about half the latest reported rate.

The trade war U.S. President Donald Trump launched with No. 2 world economy China has already started to hit export-sensitive economies like Germany and Japan. And an Asia-Pacific Economic Cooperation summit ended on Sunday with leaders failing to agree on a final statement for first time in the forum’s history.

That has lowered expectations Trump and Chinese President Xi Jinping will make a breakthrough when they meet at a G20 summit later this month.

The recent sell-off on Wall Street had some expecting the Fed to soften its tone on policy tightening at its November meeting, but the central bank did no such thing.

Economists in the latest poll unanimously said the Fed will raise the federal funds rate by 25 basis points to 2.25-2.50 percent in December.

Median forecasts show three more increases next year, taking the federal funds rate to 3.00-3.25 percent by end-2019. But the third rate rise is a close call, with just over half, 54 of 102 economists forecasting that outcome.

Traders of U.S. short-term interest-rate futures expect only two hikes in 2019.

The range of forecasts around how much the Fed will raise rates next year was wide. While one contributor expected no change to rates at all in 2019 after a December rise, another predicted a 50 basis point hike at the June meeting.

Part of the reason for the lack of conviction for more rate rises stems from still-tame inflation pressure. Wage inflation has picked up recently, but overall, economists have not made any major upgrades to their inflation forecasts.

Similarly, there is not a lot of conviction over exactly when the next economic slump will arrive.

Twelve respondents in the latest poll said there was a greater than 50 percent chance of a recession in the next two years. But only one, Fathom Consulting, has actually put down a point forecast for GDP to contract in the full year 2020.

Just over half of 65 economists who replied to another question said there was no impact on their growth outlook from the November midterm elections, in which the Democratic Party made major gains and took control of the House of Representatives but left the Republican party in control of the Senate.

Twenty-seven said this new Congressional setup, which will make it more difficult for the White House to pass the kind of sweeping tax cuts as those signed into law late last year, was negative. Five said it was positive.

WATCH:How the Fed could cause the next recession, according to Gary Shilling


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: david a grogan
Keywords: news, cnbc, companies, economists, fewer, deliver, latest, half, hikes, fed, rate, chances, slowing, growth, inflation, trade, recession, increase, slow, poll


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Target shares tumble 9% as earnings miss mark, weighed down by higher costs

Sales at Target stores open for at least 12 months were up 5.1 percent, slightly short of expectations for growth of 5.2 percent. The company said digital sales rose 49 percent during the third quarter and contributed 1.9 percentage points to same-store sales growth. Target said its strongest sales gains during the quarter came from the toys, baby and beauty categories. But first, Target has to prove it can keep the momentum going through this holiday season. This holiday season, for example, Ta


Sales at Target stores open for at least 12 months were up 5.1 percent, slightly short of expectations for growth of 5.2 percent. The company said digital sales rose 49 percent during the third quarter and contributed 1.9 percentage points to same-store sales growth. Target said its strongest sales gains during the quarter came from the toys, baby and beauty categories. But first, Target has to prove it can keep the momentum going through this holiday season. This holiday season, for example, Ta
Target shares tumble 9% as earnings miss mark, weighed down by higher costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: lauren thomas
Keywords: news, cnbc, companies, costs, weighed, higher, quarter, shares, tumble, earnings, sales, season, toys, market, growth, miss, stores, mark, holiday, target


Target shares tumble 9% as earnings miss mark, weighed down by higher costs

Sales at Target stores open for at least 12 months were up 5.1 percent, slightly short of expectations for growth of 5.2 percent. The company said digital sales rose 49 percent during the third quarter and contributed 1.9 percentage points to same-store sales growth. It said the number of transactions at its stores jumped 5.3 percent, while the average shopper’s ticket dropped 0.2 percent.

Target said its strongest sales gains during the quarter came from the toys, baby and beauty categories. Toy sales were up more than 20 percent from a year ago. The company has devoted more space in some stores to sell toys following the demise of Toys R Us.

But investors were still concerned about higher expenses eating into profits, despite the sales gains.

Target’s third-quarter gross margin rate fell to 28.7 percent from 29.6 percent a year ago, with the company attributing the decline to higher supply chain costs as it fulfills more online orders ahead of the holiday season. It also said it ordered more holiday-related inventory ahead of the fourth quarter, earlier than when it did last year. Target ended the quarter with inventories up nearly 18 percent.

CFO Cathy Smith said during a call with analysts that margins will continue to be pressured during the fourth quarter, though not to the extent they were during the third quarter.

“While digital channel sales continue to grow rapidly, we are benefiting from the healthy traffic and sales growth in our stores as well,” Cornell told analysts on a separate call Tuesday. “I will say that we are optimistic about our ability to deliver profitable growth next year and beyond.”

But first, Target has to prove it can keep the momentum going through this holiday season. The retailer said it expects its adjusted earnings per share for the fiscal year to fall within a range of $5.30 to $5.50. For the holiday quarter, it’s anticipating same-store sales will be up roughly 5 percent.

The retailer has been pouring money into store renovations, while opening up smaller-format locations in urban cities and college towns. It continues to add more in-house brands for apparel and home goods, which offer higher margins than national labels. And it’s investing in logistics to be more competitive with Walmart and Amazon. This holiday season, for example, Target is dropping its minimum purchase threshold for free, two-day shipping, while Walmart still has a $35 threshold.

Target also said Tuesday it has met its hiring goals for the holidays to bring on 120,000 seasonal workers. There’s been some concern, more broadly, that retailers won’t be able to meet these lofty hiring goals with such a tight labor market in the U.S.

As of Monday’s market close, Target shares have rallied more than 35 percent over the past 12 months, bringing its market cap to roughly $41.1 billion.

WATCH: Target is getting back to its ‘cheap chic’ roots


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: lauren thomas
Keywords: news, cnbc, companies, costs, weighed, higher, quarter, shares, tumble, earnings, sales, season, toys, market, growth, miss, stores, mark, holiday, target


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Norwegian cruise ships to be powered using dead fish

Norwegian cruise operator Hurtigruten is to power its ships using liquefied biogas (LBG) produced from dead fish and other kinds of organic waste. In an announcement at the end of last week, the business said that the LBG used to power its ships would be fossil free and renewable. “While competitors are running on cheap, polluting heavy fuel oil, our ships will literally be powered by nature,” Skjeldam went on to state. The vessel uses a 24-meter-tall cylindrical rotor sail developed by Norsepow


Norwegian cruise operator Hurtigruten is to power its ships using liquefied biogas (LBG) produced from dead fish and other kinds of organic waste. In an announcement at the end of last week, the business said that the LBG used to power its ships would be fossil free and renewable. “While competitors are running on cheap, polluting heavy fuel oil, our ships will literally be powered by nature,” Skjeldam went on to state. The vessel uses a 24-meter-tall cylindrical rotor sail developed by Norsepow
Norwegian cruise ships to be powered using dead fish Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: anmar frangoul, lars lund
Keywords: news, cnbc, companies, rotor, cruise, business, biogas, sail, using, viking, uses, dead, power, ships, powered, company, fish, norwegian


Norwegian cruise ships to be powered using dead fish

Norwegian cruise operator Hurtigruten is to power its ships using liquefied biogas (LBG) produced from dead fish and other kinds of organic waste.

In an announcement at the end of last week, the business said that the LBG used to power its ships would be fossil free and renewable. The fish used in the biogas will come from “cutaways” – essentially waste produce – from fisheries.

“What others see as a problem, we see as a resource and a solution,” the company’s CEO, Daniel Skjeldam, said in a statement.

“While competitors are running on cheap, polluting heavy fuel oil, our ships will literally be powered by nature,” Skjeldam went on to state. “Biogas is the greenest fuel in shipping and will be a huge advantage for the environment. We would love other cruise companies to follow.”

Hurtigruten said that 2019 would see the company introduce the MS Roald Amundsen, which it described as “the world’s first battery-hybrid powered cruise ship.”

By the year 2021, the business wants to operate at least six of its ships with biogas and batteries, combined with liquefied natural gas.

Hurtigruten is the latest company looking to power its ships with renewable energy.

Finnish shipping business Viking Line’s M/S Viking Grace has been fitted with a rotor sail that enables it to use wind power during trips between Finland and Sweden.

The vessel uses a 24-meter-tall cylindrical rotor sail developed by Norsepower Oy, another Finnish company. The sail uses something called the “Magnus effect” for propulsion. As the rotor spins, passing air flows with a lower pressure on one side compared to the other, creating a propulsion force.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: anmar frangoul, lars lund
Keywords: news, cnbc, companies, rotor, cruise, business, biogas, sail, using, viking, uses, dead, power, ships, powered, company, fish, norwegian


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Amazon’s threat of buying sports rights should freak out traditional media companies

But if Iger accepts it, he could be paving the way for the demise of traditional cable TV networks, including Disney’s own ESPN. Amazon has placed a first-round bid for Disney’s 22 regional sports networks, sources familiar with the matter told CNBC’s David Faber on Tuesday. But they don’t have the balance sheets to reasonably compete with a big traditional media player like Fox. Amazon’s interest could drive the price for Fox up, helping Disney get the maximum value from the assets it has to di


But if Iger accepts it, he could be paving the way for the demise of traditional cable TV networks, including Disney’s own ESPN. Amazon has placed a first-round bid for Disney’s 22 regional sports networks, sources familiar with the matter told CNBC’s David Faber on Tuesday. But they don’t have the balance sheets to reasonably compete with a big traditional media player like Fox. Amazon’s interest could drive the price for Fox up, helping Disney get the maximum value from the assets it has to di
Amazon’s threat of buying sports rights should freak out traditional media companies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: alex sherman, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, traditional, buying, sources, companies, told, stay, networks, disney, freak, media, fox, regional, rights, threat, amazons


Amazon's threat of buying sports rights should freak out traditional media companies

Amazon CEO Jeff Bezos may have given Disney CEO Bob Iger an early Christmas present this year. But if Iger accepts it, he could be paving the way for the demise of traditional cable TV networks, including Disney’s own ESPN.

Amazon has placed a first-round bid for Disney’s 22 regional sports networks, sources familiar with the matter told CNBC’s David Faber on Tuesday.

Disney is being forced to divest the 22 networks as part of its larger $71.3 billion deal for Fox assets. They include the YES Network, which broadcasts New York Yankees games, plus other networks that show live regional games from a variety of professional leagues, including Major League Baseball, the National Basketball Association and the National Hockey League

The threat of Amazon buying sports rights — even a declining business like regional sports networks — should scare traditional media companies that are banking on owning must-see live content to stay alive in an on-demand world.

In Disney’s case, Amazon’s interest is a double-edged sword.

On the plus side, a competitive bidding situation could push up the sale price, which could top $20 billion. Other first-round bidders include a bunch of private equity firms and two broadcast-TV companies, Tegna and Sinclair, CNBC reported.

But they don’t have the balance sheets to reasonably compete with a big traditional media player like Fox. The slimmer “New Fox” needs live TV, including sports, to stay relevant. That’s one reason why it’s the favorite to buy back the 22 networks, as sources familiar with the matter told CNBC last month. Fox CEO Lachlan Murdoch confirmed at the Dealbook conference earlier this month that his company has an interest in buying back the networks, even though sources told CNBC that Fox didn’t submit a first-round bid.

Amazon’s interest could drive the price for Fox up, helping Disney get the maximum value from the assets it has to divest.

On the other hand, despite all the chatter around Disney+, Disney is still very much a traditional media company, and its largest media asset by revenue is ESPN. Owning sports rights is critical to ESPN’s long-term success.

Selling sports rights to a giant like Amazon, with a market capitalization of more than $700 billion, could spur other technology giants like Apple, Google and Facebook to bid on sports rights to stay competitive.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: alex sherman, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, traditional, buying, sources, companies, told, stay, networks, disney, freak, media, fox, regional, rights, threat, amazons


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Here are the scandals and other incidents that have sent Facebook’s share price tanking in 2018

Facebook shares finished Tuesday at $132.43, up slightly from $131.55 on Monday, the company’s lowest closing share price in nearly 22 months. The decline comes after yet another major scandal for Facebook in what has been a tumultuous year for the company. After peaking in July, shares of the tech company are down almost 40 percent. Here’s a list of the numerous mistakes, scandals and other events in 2018 that have pummeled Facebook’s stock price into its current spiral.


Facebook shares finished Tuesday at $132.43, up slightly from $131.55 on Monday, the company’s lowest closing share price in nearly 22 months. The decline comes after yet another major scandal for Facebook in what has been a tumultuous year for the company. After peaking in July, shares of the tech company are down almost 40 percent. Here’s a list of the numerous mistakes, scandals and other events in 2018 that have pummeled Facebook’s stock price into its current spiral.
Here are the scandals and other incidents that have sent Facebook’s share price tanking in 2018 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: salvador rodriguez, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, spiral, 2018, company, incidents, scandals, tumultuous, tanking, facebooks, price, share, facebook, sent, tech, shares, slightly, stock


Here are the scandals and other incidents that have sent Facebook's share price tanking in 2018

Facebook shares finished Tuesday at $132.43, up slightly from $131.55 on Monday, the company’s lowest closing share price in nearly 22 months.

The decline comes after yet another major scandal for Facebook in what has been a tumultuous year for the company. After peaking in July, shares of the tech company are down almost 40 percent.

Here’s a list of the numerous mistakes, scandals and other events in 2018 that have pummeled Facebook’s stock price into its current spiral.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: salvador rodriguez, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, spiral, 2018, company, incidents, scandals, tumultuous, tanking, facebooks, price, share, facebook, sent, tech, shares, slightly, stock


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