Novartis raises 2019 guidance, helped by Sandoz generics unit

Novartis lifted full-year sales and profit targets on Thursday, helped by innovative medicine sales and as the Swiss drugmaker’s Sandoz generics unit saw rising international demand for its biosimilar copies of blockbuster drugs made by rivals. We’ve seen strong sales momentum across all our growth-drivers,” Vasant Narasimhan, CEO of Novartis told CNBC. The Basel-based company now expects 2019 core operating income to grow at low-double-digit to mid-teens percentages, faster than the previous hi


Novartis lifted full-year sales and profit targets on Thursday, helped by innovative medicine sales and as the Swiss drugmaker’s Sandoz generics unit saw rising international demand for its biosimilar copies of blockbuster drugs made by rivals. We’ve seen strong sales momentum across all our growth-drivers,” Vasant Narasimhan, CEO of Novartis told CNBC. The Basel-based company now expects 2019 core operating income to grow at low-double-digit to mid-teens percentages, faster than the previous hi
Novartis raises 2019 guidance, helped by Sandoz generics unit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: reuters with cnbc
Keywords: news, cnbc, companies, income, novartis, sandoz, 2019, guidance, core, unit, raises, generics, narasimhan, strong, seen, billion, sales, operating, helped


Novartis raises 2019 guidance, helped by Sandoz generics unit

Novartis lifted full-year sales and profit targets on Thursday, helped by innovative medicine sales and as the Swiss drugmaker’s Sandoz generics unit saw rising international demand for its biosimilar copies of blockbuster drugs made by rivals.

Second-quarter core operating income rose 20% in constant currencies to $3.6 billion, while sales were up 8% to $11.8 billion, compared to the $11.54 billion forecast by 10 analysts in a Refinitiv poll.

“We are really excited about the results we’re seeing in (the second quarter). We’ve seen strong sales momentum across all our growth-drivers,” Vasant Narasimhan, CEO of Novartis told CNBC.

The Basel-based company now expects 2019 core operating income to grow at low-double-digit to mid-teens percentages, faster than the previous high-single-digit percentage rate target. Sales expectations were also raised, with growth now seen in the mid to high-single digit range.

Novartis highlighted performance at Sandoz, where it said international business offset price declines in the United States.

It revised Sandoz 2019 sales forecasts upwards — to broadly in line with last year or possible low-single-digit growth — as the company’s copies of Roche’s Mabthera, AbbVie’s Humira and Amgen’s and Pfizer’s Enbrel captured business from the namebrand drugs in Europe.

“We increased our full year guidance for both sales and core operating income in light of our strong momentum,” Narasimhan said in a statement.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: reuters with cnbc
Keywords: news, cnbc, companies, income, novartis, sandoz, 2019, guidance, core, unit, raises, generics, narasimhan, strong, seen, billion, sales, operating, helped


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Oil prices could retest their 2019 lows if they fall below this level: RBC’s Helima Croft

But, now, with Iran claiming it seized a foreign oil tanker in the hotly contested Gulf of Oman, oil prices haven’t responded as commodity watchers may have expected, and Croft says that’s a sign of more pain to come. “I think that signals that this standoff over Iran is going to continue over the summer,” Croft, RBC’s global head of commodity strategy, said Thursday on CNBC’s “Futures Now.” Oil prices shed 2% by the end of the day. To Croft, that “underscores the fact that the situation is far


But, now, with Iran claiming it seized a foreign oil tanker in the hotly contested Gulf of Oman, oil prices haven’t responded as commodity watchers may have expected, and Croft says that’s a sign of more pain to come. “I think that signals that this standoff over Iran is going to continue over the summer,” Croft, RBC’s global head of commodity strategy, said Thursday on CNBC’s “Futures Now.” Oil prices shed 2% by the end of the day. To Croft, that “underscores the fact that the situation is far
Oil prices could retest their 2019 lows if they fall below this level: RBC’s Helima Croft Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: lizzy gurdus
Keywords: news, cnbc, companies, summer, think, really, oil, fall, 2019, lows, croft, trump, retest, rbcs, pillar, demand, prices, level, iran, helima


Oil prices could retest their 2019 lows if they fall below this level: RBC's Helima Croft

It has indeed been a cruel summer for crude.

Oil prices have shed 13% since May 1 and nearly 8% in the last week despite spiking tensions in the Middle East, proving out a theory that RBC Capital Markets’ Helima Croft posited in April: that the Trump administration’s sanctions on Iran could lead to a “cruel summer” for the commodity.

But, now, with Iran claiming it seized a foreign oil tanker in the hotly contested Gulf of Oman, oil prices haven’t responded as commodity watchers may have expected, and Croft says that’s a sign of more pain to come.

“I think that signals that this standoff over Iran is going to continue over the summer,” Croft, RBC’s global head of commodity strategy, said Thursday on CNBC’s “Futures Now.” “The problem for the oil market is there’s still these big concerns about demand.”

President Donald Trump said later on Thursday that the U.S. Navy shot down an Iranian drone in a defensive move. Oil prices shed 2% by the end of the day.

To Croft, that “underscores the fact that the situation is far from over,” she told CNBC in a phone call Thursday. “The oil price in no way reflects the risk entailed in this crisis.”

It also makes things more complicated for investors, who are likely “taking a cautious approach” due to the fact that “they don’t know how this thing could escalate” and pricing in political risk is a difficult task, she said.

From these tensions to rising U.S. stockpiles to the U.S.-China trade war to West African crude cargoes “not finding a home” due to weakening demand, there are numerous drivers for worries around demand, Croft said — and, perhaps, not enough to calm them.

“Geopolitics has been this pillar supporting oil prices, but that really seems to be the main pillar right now, and so there’s all these other big concerns about demand and economic malaise out there,” said Croft, who is also a managing director at her firm.

And if that pillar falls, it could mean trouble for crude prices.

“When we talk to our technicals team, they basically say, ‘Look, if we breach [$]54.60, then we will be looking potentially at the lows we saw earlier this year.’ So, I think that’s a key point to watch,” Croft said. “I think it’s going to be this struggle over the next couple weeks between the demand story and the geopolitical story, and we’re just going to have to see how both stories unfold.”

For now, Croft predicted that the White House would likely keep up its pressure on Iran given how little it has cost the Trump administration so far.

“I think what [Iran is] looking to do is to do these sort of one-off attacks in order to … raise the cost of the U.S. continuing with the maximum-pressure policy,” she said. “They do not want to sit down at the negotiating table until they get sanctions relief from the United States. But the problem for the Iranians is all these one-off attacks on tankers are not moving the needle on oil prices.”

That makes for an easy win for the Trump administration, the strategist said.

“The fact that they’ve essentially taken two million barrels of Iranian exports off the market over the course of the year and oil is still struggling I think really shows that the U.S. has been able to pursue this policy against Iran without really pushing prices significantly higher,” Croft said. “It’s an amazing feat for the White House.”

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: lizzy gurdus
Keywords: news, cnbc, companies, summer, think, really, oil, fall, 2019, lows, croft, trump, retest, rbcs, pillar, demand, prices, level, iran, helima


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Bank of America earnings Q2 2019

Bank of America posted profit that exceeded analysts’ expectations on strength in its sprawling retail bank. Under CEO Brian Moynihan, the bank delivered record first-half profit, fueled by the company’s retail lending operations and Moynihan’s expense initiatives. Still, the stock took a hit in April when Chief Financial Officer Paul Donofrio warned investors that growth of net interest income this year would be half the 6% the bank generated in 2018. So far this year, Bank of America shares ha


Bank of America posted profit that exceeded analysts’ expectations on strength in its sprawling retail bank. Under CEO Brian Moynihan, the bank delivered record first-half profit, fueled by the company’s retail lending operations and Moynihan’s expense initiatives. Still, the stock took a hit in April when Chief Financial Officer Paul Donofrio warned investors that growth of net interest income this year would be half the 6% the bank generated in 2018. So far this year, Bank of America shares ha
Bank of America earnings Q2 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: hugh son
Keywords: news, cnbc, companies, profit, 2019, revenue, earnings, q2, division, bank, america, billion, net, interest, analysts, income, increase


Bank of America earnings Q2 2019

Bank of America posted profit that exceeded analysts’ expectations on strength in its sprawling retail bank.

The lender said Wednesday that it generated $7.3 billion in second-quarter profit, an 8% increase from a year earlier, or 74 cents a share, compared with the 71 cent estimate of analysts surveyed by Refinitiv. It posted revenue of $23.2 billion, a 2.1% increase from a year earlier, matching analysts’ estimate.

Under CEO Brian Moynihan, the bank delivered record first-half profit, fueled by the company’s retail lending operations and Moynihan’s expense initiatives. It was the 18th straight quarter Moynihan and his executives have managed to improve the firm’s operating leverage, meaning it has grown revenue while cutting or holding the line on costs.

Still, the stock took a hit in April when Chief Financial Officer Paul Donofrio warned investors that growth of net interest income this year would be half the 6% the bank generated in 2018. Now, after the Federal Reserve recently signaled that it’s likely to cut its benchmark short-term interest rate later this month, the question is, does that further slow the growth in this main profit engine for banks?

There were some early signs of this. Bank of America’s net interest margin, a key metric of profitability, declined 7 basis points from the first quarter to 2.44%, which is below the 2.47% estimate analysts had for the second quarter.

The bank’s shares dipped 0.4% at 7:09 am in premarket trading. So far this year, Bank of America shares have climbed 18%, but are lower than when the company made its revenue warning in April.

Profit in the firm’s biggest division, its consumer bank, rose 13% to $3.29 billion as revenue climbed 5% to $9.72 billion as the firm added deposits and loans, which led to higher net interest income. That was the strongest showing among the bank’s four main businesses, followed by its wealth management division, where profit rose 11% to $1.07 billion.

Meanwhile, profit fell 7% to $1.07 billion in its global markets division amid a slowdown in trading activity across asset classes. Profit declined 9% to $1.93 billion in its global banking division on a drop in capital markets deals.

Earlier this week, Citigroup, J.P. Morgan Chase, Wells Fargo, and Goldman Sachs all beat analysts’ profit expectations as the firms benefited from one-time gains including a gain on the IPO of electronic market maker Tradeweb.

Here’s what Wall Street expected:

Earnings: 71 cents a share, a 12.3% increase from a year earlier, according to Refinitiv.

Revenue: $23.2 billion, a 2.1% increase from a year earlier.

Net interest margin: 2.47% according to FactSet

Trading Revenue: Fixed income $2.1 billion, Equities $1.22 billion

This is breaking news. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: hugh son
Keywords: news, cnbc, companies, profit, 2019, revenue, earnings, q2, division, bank, america, billion, net, interest, analysts, income, increase


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Andrew Left’s Citron Capital posted net return of 24.7% in first half of 2019

Andrew Left’s Citron Capital posted a net return of 24.7% after fees and expenses in the first half of 2019, according to an investment letter posted on the fund’s website Wednesday, but said “it has been an extraordinarily challenging environment to be a short seller.” In Citron’s investment letter, the firm said: “While Citron can’t justify Beyond Meat’s (BYND) absurd valuation, we cannot ignore unfavorable technical dynamics (e.g., tight float and high borrow cost). In May, Left said Citron b


Andrew Left’s Citron Capital posted a net return of 24.7% after fees and expenses in the first half of 2019, according to an investment letter posted on the fund’s website Wednesday, but said “it has been an extraordinarily challenging environment to be a short seller.” In Citron’s investment letter, the firm said: “While Citron can’t justify Beyond Meat’s (BYND) absurd valuation, we cannot ignore unfavorable technical dynamics (e.g., tight float and high borrow cost). In May, Left said Citron b
Andrew Left’s Citron Capital posted net return of 24.7% in first half of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17
Keywords: news, cnbc, companies, left, trading, short, investment, citron, andrew, letter, 247, lefts, net, posted, capital, half, shares, meat, return, position, 2019


Andrew Left's Citron Capital posted net return of 24.7% in first half of 2019

Andrew Left’s Citron Capital posted a net return of 24.7% after fees and expenses in the first half of 2019, according to an investment letter posted on the fund’s website Wednesday, but said “it has been an extraordinarily challenging environment to be a short seller.”

Citron said in the letter that the firm was able to find opportunities in the initial public offering market betting against shares of Jumia Technologies and betting on disruptive business models such as Revolve.

Citron also made remarks on its stance in shares of Beyond Meat, which Left in May said on Twitter he was shorting because valuations had become “Beyond Stupid.”

In Citron’s investment letter, the firm said: “While Citron can’t justify Beyond Meat’s (BYND) absurd valuation, we cannot ignore unfavorable technical dynamics (e.g., tight float and high borrow cost). We were able to capitalize on trading around our position in Beyond Meat, which was another top contributor to fund performance during 1H 2019.”

In May, Left said Citron believed Beyond Meat shares would go back to $65 a share. Beyond Meat shares are currently trading around $170 a share.

In June, Left confirmed to CNBC that he had covered his short position in the stock.


Company: cnbc, Activity: cnbc, Date: 2019-07-17
Keywords: news, cnbc, companies, left, trading, short, investment, citron, andrew, letter, 247, lefts, net, posted, capital, half, shares, meat, return, position, 2019


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7 best cruise destinations for 2019, according to thousands of reviews

In 2018, cruising was estimated to be a more than $45.6 billion industry, and in 2019, 30 million passengers are expected to cruise, according to a Cruise Lines International Association report. While the Caribbean is a hot spot for cruisers, more “off-the-beaten-path” cruise destinations gained in popularity this year, according to Colleen McDaniel, editor-in-chief of Cruise Critic. Avignon, which is located on the left bank of the Rhone river and has a population of less than 100,000 people, w


In 2018, cruising was estimated to be a more than $45.6 billion industry, and in 2019, 30 million passengers are expected to cruise, according to a Cruise Lines International Association report. While the Caribbean is a hot spot for cruisers, more “off-the-beaten-path” cruise destinations gained in popularity this year, according to Colleen McDaniel, editor-in-chief of Cruise Critic. Avignon, which is located on the left bank of the Rhone river and has a population of less than 100,000 people, w
7 best cruise destinations for 2019, according to thousands of reviews Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: jade scipioni
Keywords: news, cnbc, companies, destination, courtesy, best, travel, reviews, mcdaniel, popular, according, lines, cruises, critic, cruisers, cruise, destinations, thousands, 2019


7 best cruise destinations for 2019, according to thousands of reviews

In 2018, cruising was estimated to be a more than $45.6 billion industry, and in 2019, 30 million passengers are expected to cruise, according to a Cruise Lines International Association report. So whether you’re a first-time cruiser or a veteran, choosing where to cruise can be daunting with so many options available. On Wednesday, cruise reviews website Cruise Critic released its annual Cruisers’ Choice Destination Awards based on thousands of customer reviews over the past 12 months to help travelers narrow down their options from people who have been there. While the Caribbean is a hot spot for cruisers, more “off-the-beaten-path” cruise destinations gained in popularity this year, according to Colleen McDaniel, editor-in-chief of Cruise Critic. This year’s “most popular cruise destination” goes to a river cruise in Avignon, France (where the Obamas recently vacationed), located in the Provence region, after receiving the highest rating from travelers among all cruise destinations across the globe. Avignon, which is located on the left bank of the Rhone river and has a population of less than 100,000 people, was also named the best European river cruise destination by Cruise Critic. Here are the most popular cruise destinations worldwide, according to Cruise Critic.

1. Avignon, France

Avignon, France Courtesy of Cruise Critic kwebb23

This quaint little French city located in southeastern France’s Provence region has become a popular stop on Rhone River cruise itineraries over the years. McDaniel describes the destination as “picturesque” and a “wine-lover’s dream” because its the perfect access point to tour the famed Châteauneuf-du-Pape wine region. For history lovers, it’s also home to the Palace of Popes, the papal residence during the 14th century. Avignon is also about an hour drive from Marseille — the location of the nearest international airport. Cruise lines that travel to Avignon include Avalon Waterways, AmaWaterways and Emerald Waterways.

2. Bora Bora

Bora Bora Courtesy of Cruise Critic Member GLemire

This small South Pacific island northwest of Tahiti is a popular honeymoon destination for cruisers as well as avid snorkelers and divers — or even for those those who just want to relax on a beach. McDaniel says the best perk about cruising to this island instead of a land-based vacation is that it’s usually cheaper and most ships typically stay in port for more than one day. Royal Caribbean International and Princess Cruises are the largest cruise lines that travel to Bora Bora.

3. Glacier Bay, Alaska

Glacier Bay Courtesy of Cruise Critic

While cruise ships that visit Glacier Bay never get to dock at the port, they do sail through Glacier Bay National Park, giving travelers an incredible and intimate view of the National Monument’s glaciers, fijords and wildlife. What’s more, McDaniel says that often times a park guide will join guests on board to give a guided tour and talk about its history. Holland America Line and Ponant Cruises are popular cruise lines that travel to Glacier Bay.

4. Vienna, Austria

Vienna, Austra Courtesy: Cruise Critic Member TMiles70

As the largest city and capital of Austria, Vienna has always been a popular spot for those cruising along the Danube River. McDaniel says travelers are drawn to the city’s historic palaces and incredible architecture. Most cruises include an overnight stay in the city so passengers can check out its vibrant nightlife. The cruise lines that travel to Vienna include Avalon Waterways, AmaWaterways and Emerald Waterways.

5. Singapore

Singapore Courtesy of Cruise Critic

This island city-state located in Southeast Asia has grown into a popular cruise destination over the years. McDaniel says everything from its “overall energy, to its culture, dining, and architecture” have attracted travelers. However, one thing that is particularly great for cruisers, she says, is that it’s an easily navigable city, making it ideal for exploration even when there’s a limited amount of time in port. And for those looking to spend a longer time in Singapore, there are many cruises that depart directly from the city so travelers can arrive a few days before setting sail to take full advantage of what the city has to offer. Major cruises lines including Celebrity Cruises, Marella Cruises and Holland America Line all travel to Singapore.

6. Kirkwall, Scotland

Kirkwall, Scotland Courtesy of Cruise Critic

Kirkwall is the largest town in the island chain of Orkney, located north of Scotland. McDaniel says cruisers have been increasingly drawn to this destination due to its rich history, with settlements dating back to 3000 BC and its famous St. Magnus Cathedral, which is nearly 900 years old. In 1999, Kirkwall was also designated a UNESCO World Heritage site. Cruisers love it because they call the historic streets as they shop, dine and learn about history. Cunard Line, Princess Cruises and Fred Olsen Cruise Lines all travel to Kirkwall.

7. Flam, Norway

Flam, Norway Courtesy of Cruise Critic Member HappyExplorer

This quaint village located in southwestern Norway is known for its fjords. McDaniel says cruisers also love its snow-capped mountains, waterfalls and gorgeous meadows, with one Cruise Critic reviewer calling it one of the “most beautiful places on Earth.” Princess Cruises, P&O Cruises, Marella Cruises and Viking Ocean Cruises all travel to Flam. Like this story? Like CNBC Make It on Facebook. Don’t miss: You can rent Jackie Kennedy Onassis’ former yacht for nearly $630,000 a week — take a look


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: jade scipioni
Keywords: news, cnbc, companies, destination, courtesy, best, travel, reviews, mcdaniel, popular, according, lines, cruises, critic, cruisers, cruise, destinations, thousands, 2019


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Emmys 2019: The complete list of nominees for the 71st annual TV awards show

Did your favorite TV show nab an Emmy nomination? The Academy of Television Arts & Science’s 71st annual Emmy Awards will be presented Sept. 22 at the Microsoft Theater in Los Angeles, but who will be in the running? The Primetime Emmy Awards will feature 26 different categories ranging from acting and writing awards to awards for different types of programs — comedies, dramas and talk shows, among others. The Creative Arts Emmys, which take place a week before the live broadcast Emmys ceremony,


Did your favorite TV show nab an Emmy nomination? The Academy of Television Arts & Science’s 71st annual Emmy Awards will be presented Sept. 22 at the Microsoft Theater in Los Angeles, but who will be in the running? The Primetime Emmy Awards will feature 26 different categories ranging from acting and writing awards to awards for different types of programs — comedies, dramas and talk shows, among others. The Creative Arts Emmys, which take place a week before the live broadcast Emmys ceremony,
Emmys 2019: The complete list of nominees for the 71st annual TV awards show Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: sarah whitten
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Emmys 2019: The complete list of nominees for the 71st annual TV awards show

Did your favorite TV show nab an Emmy nomination? It’s time to find out.

The Academy of Television Arts & Science’s 71st annual Emmy Awards will be presented Sept. 22 at the Microsoft Theater in Los Angeles, but who will be in the running?

On Tuesday, Ken Jeong ( “Community”) and D’Arcy Carden (“The Good Place”) unveiled the nominees — both in front of and behind the camera — that could take home the coveted prizes in two months’ time.

The Primetime Emmy Awards will feature 26 different categories ranging from acting and writing awards to awards for different types of programs — comedies, dramas and talk shows, among others.

The Creative Arts Emmys, which take place a week before the live broadcast Emmys ceremony, recognize technical achievements and are not included in the program. These awards go to cinematographers, casting directors and sound editors, among others.

Here is the full list of nominees:

Lead Actor in a Limited Series or Movie:

Mahershala Ali — “True Detective” (HBO)

Benicio Del Toro — “Escape at Dannemora” (Showtime)

Hugh Grant — “A Very English Scandal” (BBC)

Jared Harris — “Chernobyl” (HBO)

Jharrel Jerome — “When They See Us” (Netflix)

Sam Rockwell — “Fosse/Verdon” (FX)

Lead Actress in a Limited Series or Movie:

Amy Adams — “Sharp Objects” (HBO)

Patricia Arquette — “Escape at Dannemora” (Showtime)

Aunjanue Ellis — “When They See Us” (Netflix)

Joey King — “The Act” (Hulu)

Niecy Nash — “When They See Us” (Netflix)

Michelle Williams — “Fosse/Verdon” (FX)

Lead Actor in a Comedy Series:

Anthony Anderson — “Black-ish” (ABC)

Don Cheadle — “Black Monday” (Showtime)

Ted Danson — “The Good Place” (NBC)

Michael Douglas — “The Kominsky Method” (Netflix)

Bill Hader — “Barry” (HBO)

Eugene Levy — “Schitt’s Creek” (CBC Television)

Lead Actress in a Comedy Series:

Christina Applegate — “Dead to Me” (Netflix)

Rachel Brosnahan — “The Marvelous Mrs. Maisel” (Amazon)

Julia Louis-Dreyfus — “Veep” (HBO)

Natasha Lyonne — “Russian Doll” (Netflix)

Catherine O’Hara — “Schitt’s Creek” (CBC Television)

Phoebe Waller-Bridge — “Fleabag” (Amazon)

Lead Actor in a Drama Series:

Jason Bateman — “Ozark” (Netflix)

Sterling K. Brown — “This is Us” (NBC)

Kit Harington — “Game of Thrones” (HBO)

Bob Odenkirk — “Better Call Saul” (Netflix/AMC)

Billy Porter — “Pose” (FX)

Milo Ventimiglia — “This is Us” (NBC)

Lead Actress in a Drama Series:

Emilia Clarke — “Game of Thrones” (HBO)

Jodie Comer — “Killing Eve” (BBC/AMC)

Viola Davis — “How to Get Away with Murder” (ABC)

Laura Linney — “Ozark” (Netflix)

Mandy Moore — “This is Us” (NBC)

Sandra Oh — “Killing Eve” (BBC/AMC)

Robin Wright — “House of Cards” (Netflix)

Outstanding Competition Program:

“The Amazing Race” (CBS)

“American Ninja Warrior” (NBC)

“Nailed It” (Netflix)

“RuPaul’s Drag Race” (VH1)

“Top Chef” (Bravo)

“The Voice” (NBC)

Outstanding Variety Talk Series:

“The Daily Show with Trevor Noah” (Comedy Central)

“Full Frontal with Samantha Bee” (TBS)

“Jimmy Kimmel Live” (ABC)

“Last Week Tonight with John Oliver” (HBO)

“The Late Late Show with James Cordon” (CBS)

“The Late Show with Stephen Colbert” (CBS)

Outstanding Television Movie:

“Bandersnatch: Black Mirror” (Netflix)

“Brexit” (Amazon)

“Deadwood: The Movie” (HBO)

“King Lear” (BBC)

“My Dinner with Herve” (HBO)

Outstanding Limited Series:

“Chernobyl” (HBO)

“Escape at Dannemora” (Showtime)

“Fosse/Verdon” (FX)

“Sharp Objects” (HBO)

“When They See Us” (Netflix)

Outstanding Comedy Series:

“Barry” (HBO)

“Fleabag” (Amazon)

“The Good Place” (NBC)

“The Marvelous Mrs. Maisel” (Amazon)

“Russian Doll” (Netflix)

“Schitt’s Creek” (CBC Television)

“Veep” (HBO)

Outstanding Drama Series:

“Better Call Saul” (Netflix/AMC)

“Bodyguard” (Netflix)

“Game of Thrones” (HBO)

“Killing Eve” (BBC/AMC)

“Ozark” (Netflix)

“Pose” (FX)

“Succession” (HBO)

“This is Us” (NBC)

Outstanding Supporting Actor in a Comedy Series:

Alan Arkin — “The Kominsky Method” (Netflix)

Anthony Carrigan — “Barry” (HBO)

Henry Winkler — “Barry” (HBO)

Stephen Root — “Barry” (HBO)

Tony Hale — “Veep” (HBO)

Tony Shalhoub — “The Marvelous Mrs. Maisel” (Amazon)

Outstanding Supporting Actress in a Comedy Series:

Alex Borstein — “The Marvelous Mrs. Maisel” (Amazon)

Anna Chlumsky — “Veep” (HBO)

Betty Gilpin — “GLOW” (Netflix)

Kate McKinnon — “Saturday Night Live” (NBC)

Marin Hinkle— “The Marvelous Mrs. Maisel” (Amazon)

Olivia Coleman — “Fleabag” (Amazon)

Sarah Goldberg — “Barry” (HBO)

Sian Clifford — “Fleabag” (Amazon)

Outstanding Guest Actor in a Comedy Series:

Adam Sandler — “Saturday Night Live” (NBC)

John Mulaney — “Saturday Night Live” (NBC)

Luke Kirby — “The Marvelous Mrs. Maisel” (Amazon)

Matt Damon — “Saturday Night Live” (NBC)

Peter MacNicol — “Veep” (HBO)

Robert De Niro — “Saturday Night Live” (NBC)

Rufus Sewell — “The Marvelous Mrs. Maisel” (Amazon)

Outstanding Guest Actress in a Comedy Series:

Emma Thompson — “Saturday Night Live” (NBC)

Fiona Shaw — “Fleabag” (Amazon)

Jane Lynch — “The Marvelous Mrs. Maisel” (Amazon)

Kristin Scott Thomas — “Fleabag” (Amazon)

Maya Rudolph — “The Good Place” (NBC)

Sandra Oh — “Saturday Night Live” (NBC)

Outstanding Directing for a Comedy Series:

Alec Berg — “Barry” (HBO)

Amy Sherman-Palladino — “The Marvelous Mrs. Maisel” (Amazon)

Bill Hader — “Barry” (HBO)

Daniel Palladino — “The Marvelous Mrs. Maisel” (Amazon)

Harry Bradbeer — “Fleabag” (Amazon)

Mark Cendrowski — “The Big Bang Theory” (CBS)

Outstanding Writing for a Comedy Series:

Alec Berg and Bill Hader — “Barry” (HBO)

Phoebe Waller-Bridge — “Fleabag” (Amazon)

Maya Erskine and Anna Konkle — “PEN15” (Hulu)

Leslye Headland, Natasha Lyonne and Amy Poehler — “Russian Doll” (Netflix)

Allison Silverman — “Russian Doll” (Netflix)

Josh Siegal and Dylan Morgan — “The Good Place” (NBC)

David Mandel — “Veep” (HBO)

Outstanding Supporting Actor in a Drama Series:

Alfie Allen — “Game of Thrones” (HBO)

Chris Sullivan — “This is Us” (NBC)

Giancarlo Esposito — “Better Call Saul” (Netflix/AMC)

Jonathan Banks — “Better Call Saul” (Netflix/AMC)

Michael Kelly — “House of Cards” (Netflix)

Nikolaj Coster-Waldau — “Game of Thrones” (HBO)

Peter Dinklage — “Game of Thrones” (HBO)

Outstanding Supporting Actress in a Drama Series:

Fiona Shaw — “Killing Eve” (BBC)

Gwendoline Christie — “Game of Thrones” (HBO)

Julia Garner — “Ozark” (Netflix)

Lena Headey — “Game of Thrones” (HBO)

Maisie Williams — “Game of Thrones” (HBO)

Sophie Turner — “Game of Thrones” (HBO)

Outstanding Guest Actor in a Drama Series:

Bradley Whitford — “The Handmaid’s Tale” (Hulu)

Glynn Turman — “How to Get Away with Murder” (ABC)

Kumail Nanjiani — “The Twilight Zone” (CBS)

Michael Angarano — “This is Us” (NBC)

Michael McKean — “Better Call Saul” (Netflix/AMC)

Ron Cephas Jones — “This is Us” (NBC)

Outstanding Guest Actress in a Drama Series:

Carice van Houten — “Game of Thrones” (HBO)

Cherry Jones — “The Handmaid’s Tale” (Hulu)

Cicely Tyson — “How to Get Away with Murder” (ABC)

Jessica Lange — “American Horror Story: Apocalypse” (FX)

Laverne Cox — “Orange is the New Black” (Netflix)

Phylicia Rashad — “This is Us” (NBC)

Outstanding Directing for a Drama Series:

David Benioff and D.B. Weiss — “Game of Thrones” (HBO)

David Nutter — “Game of Thrones” (HBO)

Miguel Sapochnik — “Game of Thrones” (HBO)

Lisa Bruhlmann — “Killing Eve” (BBC)

Jason Bateman — “Ozark” (Netflix)

Adam McKay — “Succession” (HBO)

Daina Reid — “The Handmaid’s Tale” (Hulu)

Outstanding Choreography for Variety or Reality Programming:

Travis Wall — “So You Think You Can Dance” (Fox)

Luther Brown — “So You Think You Can Dance” (Fox)

Suresh Mukund — “World of Dance” (NBC)

Karen Forcano and Ricardo Vega — “World of Dance” (NBC)

Tessandra Chavez — “World of Dance” (NBC)

Melvin “Timtim” Rogador — “World of Dance” (NBC)

Outstanding Directing for a Limited Series, Movie or Dramatic Special:

Stephen Frears — “A Very English Scandal” (BBC)

Johan Renck — “Chernobyl” (HBO)

Ben Stiller — “Escape at Dannemora” (Showtime)

Thomas Kail — “Fosse/Verdon” (FX)

Jessica Yu — “Fosse/Verdon” (FX)

Ava DuVernay — “When They See Us” (Netflix)

Outstanding Directing for a Reality Program:

Patrick McManus — “American Ninja Warrior” (NBC)

Hisham Abed — “Queer Eye” (Netflix)

Nick Murray — “RuPaul’s Drag Race” (VH1)

Ken Fuchs — “Shark Tank” (ABC)

Bertram van Munster — “The Amazing Race” (CBS)

Outstanding Directing for a Variety Series:

Alex Buono and Rhys Thomas — “Documentary Now!” (IFC)

Derek Waters — “Drunk History” (Comedy Central)

Paul Pennolino — “Last Week Tonight with John Oliver” (HBO)

Don Roy King — “Saturday Night Live” (NBC)

Jim Hoskinson — “The Late Show with Stephen Colbert” (CBS)

Sacha Baron Cohen, Nathan Fielder, Daniel Gray Longino and Dan Mazer — “Who Is America?” (Showtime)

Outstanding Directing for a Variety Special:

Ben Winston — “Carpool Karaoke: When Corden Met McCartney Live From Liverpool” (CBS)

Beyonce Knowles-Carter and Ed Burke— “Homecoming: A Film By Beyonce” (Netflix)

James Burrows and Andy Fisher— “Live In Front Of A Studio Audience: Norman Lear’s ‘All In The Family’ And ‘The Jeffersons'”

Thom Zimny — “Springsteen On Broadway” (Netflix)

Glenn Weiss — “The Oscars” (ABC)

Outstanding Directing for a Documentary / Nonfiction Program:

Elizabeth Chai Vasarhelyi and Jimmy Chin — “Free Solo” (National Geographic)

Chris Smith — “FYRE: The Greatest Party That Never Happened” (Netflix)

Dan Reed — “Leaving Neverland” (HBO)

Julie Cohen and Betsy West — RBG (CNN)

Time Wardle — “Three Identical Strangers” (CNN)

This is a breaking news story. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: sarah whitten
Keywords: news, cnbc, companies, game, live, maisel, 2019, list, thrones, comedy, emmys, drama, nominees, marvelous, complete, barry, night, tv, annual, 71st, awards, mrs


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Emmy nominations 2019: 10 Surprises and snubs

The show earned four nominations on Tuesday — lead actor (Eugene Levy), lead actress (Catherine O’Hara), outstanding comedy series and outstanding contemporary costumes (Debra Hanson and Darci Cheyne). Pop TVSnub: Jim Parsons & ‘The Big Bang Theory’While “Schitt’s Creek” entered the outstanding comedy series category, “Big Bang Theory,” which aired its final episode in May was ousted. The sitcom has been an Emmy darling, earning 55 nominations and 10 wins during its 12 seasons. However, come 201


The show earned four nominations on Tuesday — lead actor (Eugene Levy), lead actress (Catherine O’Hara), outstanding comedy series and outstanding contemporary costumes (Debra Hanson and Darci Cheyne). Pop TVSnub: Jim Parsons & ‘The Big Bang Theory’While “Schitt’s Creek” entered the outstanding comedy series category, “Big Bang Theory,” which aired its final episode in May was ousted. The sitcom has been an Emmy darling, earning 55 nominations and 10 wins during its 12 seasons. However, come 201
Emmy nominations 2019: 10 Surprises and snubs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: sarah whitten
Keywords: news, cnbc, companies, nominations, 2019, outstanding, nominated, surprises, thrones, getty, supporting, late, emmy, series, game, snubs, comedy


Emmy nominations 2019: 10 Surprises and snubs

Peter Dinklage poses with the Outstanding Supporting Actor for a Drama Series for ‘Game of Thrones’ during to the 70th Annual Primetime Emmy Awards held at the Microsoft Theater on September 17, 2018. Kevork Djansezian | NBC | NBCU Photo Bank via Getty Images

While “Veep,” “Game of Thrones” and “The Marvelous Mrs. Maisel” will get to bask in the Emmy’s spotlight until the awards ceremony in September, there are quite a few shows and actors that didn’t make Tuesday’s nomination list. Then, there were the programs no one had expected to show up on the ballot — looking at you “Schitt’s Creek” and “Nailed It!.” It’s anyone’s guess who will end up hoisting the Emmy two months from now, but here are some of the programs that were the most surprising nominations and the ones that got snubbed. If you haven’t had a chance to check out the full list of nominees for this year’s Emmys, you can do so here.

Surprise: ‘Schitt’s Creek’

“Schitt’s Creek” is the little underdog that could. The show, which is available on Pop TV, has been an under-the-radar cult favorite for its last five seasons — a sixth is in the works — and it’s finally getting attention. The Canadian comedy show centers around the once-wealthy Rose family who lose their fortune and are forced to move to Schitt’s Creek, a small town that they bought as a joke for their son’s birthday decades ago. The show earned four nominations on Tuesday — lead actor (Eugene Levy), lead actress (Catherine O’Hara), outstanding comedy series and outstanding contemporary costumes (Debra Hanson and Darci Cheyne).

Annie Murphy, Eugene Levy, Catherine O’Hara and Dan Levy star in “Schitt’s Creek.” Pop TV

Snub: Jim Parsons & ‘The Big Bang Theory’

While “Schitt’s Creek” entered the outstanding comedy series category, “Big Bang Theory,” which aired its final episode in May was ousted. The sitcom has been an Emmy darling, earning 55 nominations and 10 wins during its 12 seasons. However, come 2019, the show only received three nods — outstanding technical direction, outstanding directing for a comedy series and outstanding multi-camera editing for a comedy series. Most notably, Jim Parsons, has won best lead actor in a comedy four times for his role as Sheldon Cooper. As “Big Bang” was in its final season, there was an expectation that it would have been nominated for more acting awards.

Jim Parsons as Sheldon Cooper on CBS’s “The Big Bang Theory.” CBS | Getty Images

Surprise: ‘Game of Thrones’

Despite mixed reviews for its final six episodes, “Game of Thrones” earned a record 32 Emmy nominations on Tuesday, including best drama series. The record had previously been held by “NYPD Blue,” which had 27 nominations in 1994. Many had expected “Game of Thrones” to skate by with limited nominations, especially after all the fan criticism of the final season. Instead, “Game of Thrones” earned four nominations in the supporting actress in a drama series category — Gwendoline Christie, Lena Headey, Sophie Turner and Maisie Williams — as well as three nominations in the supporting actor category — Alfie Allen, Nikolaj Coster-Waldau and Peter Dinklage. Carice van Houten was recognized as a guest actress for her role as Melisandre, and Emilia Clarke and Kit Harington also scored their first nominations in the lead categories, having previously been nominated as supporting actors.

A still from Season 8 of Game of Thrones. Source: HBO

Snub: Richard Madden in ‘Bodyguard’

“Game of Thrones” alum Richard Madden may have taken home a Golden Globe for his performance in “The Bodyguard,” but that trophy wasn’t enough to secure him an Emmy nomination. Critics praised Madden for his portrayal of war veteran David Budd, a police sergeant in London who is assigned to protect the home secretary, in Netflix’s show. It was expected he would be on the short list for this September’s Emmys.

Richard Madden stars as war veteran David Budd, a police sergeant in London who is assigned to protect the home secretary, in Netflix’s “The Bodyguard.” Netflix

Surprise: ‘Nailed It!’

The comedic Netflix show challenges amateur bakers to recreate complicated recipes for the chance at $10,000. It’s cringe-worthy and delightfully hosted by Nicole Byer and judged, in part, by Jacques Torres, a famed chef and chocolatier. The competition show seemed to have snuck in alongside perennial nominees like “The Amazing Race,” “The Voice” and “RuPaul’s Drag Race.”

Home bakers with a terrible track record take a crack at re-creating edible masterpieces for a $10,000 prize on Netflix’s “Nailed It!” Netflix

Snub: ‘Saturday Night Live’ cast members

Emmy nominations favored “Saturday Night Live” guest hosts over cast members this year. Adam Sandler, Sandra Oh, John Mulaney, Emma Thompson, Matt Damon and Robert De Niro all received nods for their time hosting the late night comedy sketch show, while Kate McKinnon was the only series regular acknowledged. Cast members Aidy Bryant, Leslie Jones, Cecily Strong and Kenan Thompson, who were in the running last year, were left off ballots this year.

Matt Damon as Judge Brett Kavanaugh during “Kavanaugh Hearing Cold Open” on Saturday Night Live. NBC

Surprise: Spotlight on female comedy writers

In the category for outstanding writing for a comedy series, more than half of those nominated were women. Phoebe Waller-Bridge got a nod for her work on “Fleabag” and Maya Erskine and Anna Konkle are on the ballot for Hulu’s “PEN15.” Leslye Headland, Natasha Lyonne and Amy Poehler were nominated for one episode of Netflix’s “Russian Doll,” while Allison Silverman got a nomination for another.

Phoebe Waller-Bridge attends the “Fleabag” season 2 New York screening at Metrograph on May 02, 2019 in New York City. Mike Pont | Getty Images Entertainment | Getty Images

Snub: D’Arcy Carden in ‘The Good Place’

D’Arcy Carden is a standout on NBC’s “The Good Place,” a comedy show about the afterlife that often delves into questions of morality. Carden plays Janet, a non-human, non-robot being that knows all the information in the universe. In one episode in the third season, Carden plays the roles of four co-stars, interacting using the magic of green screen.

D’Arcy Carden as Janet, Manny Jacinto as Jason, Kristen Bell as Eleanor in NBC’s “The Good Place.” NBC | NBCUniversal | Getty Images

Surprise: Mandy Moore in ‘This is Us’

After three seasons as Rebecca on “This is Us,” Mandy Moore is finally getting a nod from the Television Academy. She has been nominated alongside her co-stars: Milo Ventimiglia and Sterling K. Brown (lead actors), Chris Sullivan (supporting actor) and Michael Angarano and Ron Cephas Jones (guest actors). To date, “This is Us” has earned 27 nominations and won three.

Mandy Moore as Rebecca Pearson, Milo Ventimiglia as Jack Pearson in NBC’s “This is Us.” NBC | NBCUniversal | Getty Images

Snub: ‘The Late Show with Seth Meyers’

Once again, “The Late Show with Seth Meyers” wasn’t nominated for outstanding variety talk show. In fact, the nominees are the same line-up as last year — “The Daily Show with Trevor Noah,” “Full Frontal with Samantha Bee,” “Jimmy Kimmel Live,” “Last Week Tonight with John Oliver,” “The Late Late Show with James Corden” and “The Late Show with Stephen Colbert.” The show was nominated in the outstanding writing category, however.

Amber Ruffin, host Seth Meyers and Jenny Hagel during ‘Jokes Seth Can’t Tell’ sketch on “Late Night with Seth Meyers.” NBC | NBCUniversal | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: sarah whitten
Keywords: news, cnbc, companies, nominations, 2019, outstanding, nominated, surprises, thrones, getty, supporting, late, emmy, series, game, snubs, comedy


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Amid swine fever outbreak, China’s pork output in the first half of 2019 falls

China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd. Feng said pork output should have declined by more than 10%. Live hog prices were steady through much of the second quarter but began rising “fiercely” in early June, said Feng. Rising pork prices are pushing overall food prices to their highest in years. Total meat output including po


China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd. Feng said pork output should have declined by more than 10%. Live hog prices were steady through much of the second quarter but began rising “fiercely” in early June, said Feng. Rising pork prices are pushing overall food prices to their highest in years. Total meat output including po
Amid swine fever outbreak, China’s pork output in the first half of 2019 falls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15
Keywords: news, cnbc, companies, bureau, hog, prices, outbreak, half, yuan, chinas, herd, 2019, million, pork, output, swine, amid, falls, fever


Amid swine fever outbreak, China's pork output in the first half of 2019 falls

A hired hand feeds a sow which recently gave birth to a new litter at the Grand Canal Pig Farm in Jiaxing, in China’s Zhejiang province.

China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd.

China produced 24.7 million tonnes of pork in the first six months of 2019, down 5.5% from a year earlier, according to figures from the National Bureau of Statistics, amid a severe epidemic of African swine fever.

China’s hog herd — the world’s largest — declined 15% from a year ago to 347.61 million head, the bureau said, as pigs died from the virus and farmers held back from restocking.

But figures from the Ministry of Agriculture and Rural Affairs on the same day said the herd had shrunk 25.8% in June from a year earlier, with the number of sows down 26.7%. The ministry does not publish total number of pigs.

Analysts were surprised at the fall in pork output, which showed the pace of decline little changed from 5.2 percent in the first quarter, even as swine fever has spread to every province in China.

“It’s much smaller than expected,” said Feng Yonghui, chief analyst at industry portal Soozhu.com. “The gap between this and the decline in pig herd is too big.”

Feng said pork output should have declined by more than 10%.

The number of slaughtered hogs in the first half fell 6.2% to 313.46 million head, the statistics bureau said.

Others have also questioned official data on China’s hog herd. Four people who supply large farms recently told Reuters as many as half of China’s sows have either died from African swine fever or been slaughtered because of the spreading disease.

African swine fever is not harmful to humans but kills almost all pigs it infects.

Live hog prices were steady through much of the second quarter but began rising “fiercely” in early June, said Feng. Average prices have hit 17.8 yuan ($2.59) per kilogram, up from 14.2 yuan at the end of May.

Retail pork prices reached 26.45 yuan per kg in the final week of June, up 33% on the year, according to weekly data from the Ministry of Agriculture and Rural Affairs, but still some way off the record of 31.56 yuan in June 2016.

Rising pork prices are pushing overall food prices to their highest in years.

Beijing has urged poultry producers to boost output to help supplement the fall in pork production.

Output of poultry meat rose 5.6% in the first six months, while beef output increased 2.4% and lamb output rose 1.4%, the bureau said.

Total meat output including pork, beef, lamb and poultry fell 2.1% in the first half to 39 million tonnes.


Company: cnbc, Activity: cnbc, Date: 2019-07-15
Keywords: news, cnbc, companies, bureau, hog, prices, outbreak, half, yuan, chinas, herd, 2019, million, pork, output, swine, amid, falls, fever


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Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year

So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. Below is a running list of some of the most significant retail store closure announcements so far this year. Luke Sharrett | Bloomberg | Getty ImagesPier 1 Imports is planning to shut 57 stores in 2019, and potentially more. Drew Angerer | G


So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. Below is a running list of some of the most significant retail store closure announcements so far this year. Luke Sharrett | Bloomberg | Getty ImagesPier 1 Imports is planning to shut 57 stores in 2019, and potentially more. Drew Angerer | G
Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: lauren thomas
Keywords: news, cnbc, companies, company, shut, retailers, far, locations, heres, getty, 2019, retailer, closed, closures, stores, close, whats, store, 12000, brands, accelerate


Store closures accelerate and may top 12,000 in 2019. Here's what's closed so far this year

Paul J. Richards | AFP | Getty Images

Despite the year being more than halfway over, the pace of store closures doesn’t appear to be slowing down in the retail industry. More companies piled on the bad news this week. So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. And the tally could top 12,000 by the end of 2019, setting a new record, Coresight says. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. With the back-to-school shopping season and winter holidays looming, most retailers planning to shut stores this year have already shuffled through those announcements so they can shift their focus toward the industry’s busiest times. But analysts say there are still some exhausted businesses teetering on the brink of survival, as sales continue to shift to the internet and younger brands like Warby Parker, Casper and Allbirds steal shoppers’ attention. Take Mattress Firm as one example. The company emerged from bankruptcy back in October. But it’s still suffering in an increasingly competitive landscape with newer entrants like Casper and Eight Sleep. And it hasn’t been able to achieve all the concessions from landlords that it desired. All the store closure announcements have also been bad news for U.S. mall owners like Simon and Macerich, which were already struggling with traffic to department stores falling off. The landlords are getting creative with their malls, now, bringing in more food options, e-commerce brands and even apartments, hotels and office spaces. The mall model is being reinvented. Amid all the closings, there are still retailers opening stores. Coresight has tracked 3,017 store opening announcements so far this year. This past Thursday, Lululemon opened its biggest store ever in Chicago. And there’s a massive, 3-million-square-foot mall called American Dream slated to open in New Jersey on Oct. 25. Below is a running list of some of the most significant retail store closure announcements so far this year.

Fred’s

A store log outside of the headquarters of Fred’s Pharmacy Memphis, Tennessee. Sipa | AP Images

Fred’s said Friday it will shutter another 129 stores this year, as the company works to repay its debt and diversify its product selection. It was already planning to close 263 shops in 2019. Now, the discount retailer says it will have roughly 80 retail stores and 166 pharmacies still operating following all the closures. Fred’s, which sells groceries and other everyday items like cleaning supplies, has been a victim of e-commerce’s ascent in many households. Its shares have tumbled more than 75% this year to trade below $1.

Charming Charlie

Source: Charming Charlie

Accessories chain Charming Charlie filed for Chapter 11 bankruptcy protection earlier this week and said with that it plans to close all 261 stores by the end of August. This marks the second time the retailer has filed for bankruptcy in under two years. The company said it hasn’t been able to come up with a plan to win shoppers back and “ensure long-term profitability” for the business.

Bed Bath & Beyond

A shopper exits a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images

Bed Bath & Beyond plans to close at least 40 locations this year — and likely more — while opening 15 stores. The company has said unless it’s able to “negotiate more favorable lease terms with … landlords,” the number of closures will grow. Bed Bath & Beyond, which also owns Christmas Tree Shops, lost its CEO Steven Temares in May, with its financial performance weakening and activist investors pushing for change. The company’s stock is down about 1% for the year.

Dressbarn

Getty Images

Women’s fashion retailer Dressbarn, owned by Ascena Retail Group, is going out of business for good this year. Ascena said it decided to wind down that business entirely in order to be able to turn its focus to its more profitable brands like Ann Taylor and Loft. Just last month, it released a list of the first 28 Dressbarn stores expected to close this year but hasn’t announced anything beyond that. All told, about 650 stores across the country will go dark.

Topshop

Sir Philip Green the owner of Topshop and Taiwanese actress Gwei Lun Mei cut a ribbon to mark the opening of the new Topshop store Jessica Hromas | Getty Images

Fast-fashion chain Topshop is shutting all 11 of its stores in the U.S. The retailer’s London-based parent company, Arcadia Group, filed for bankruptcy protection in May, citing “challenging retail headwinds, changing consumer habits and ever-increasing online competition.” Topshop’s U.S. stores are in major markets like New York, Los Angeles, Las Vegas and Miami. The company hasn’t yet said when it expects the 11 stores to close.

Party City

Party City store in Hamilton, New Jersey Dorann Weber | Getty Images

Party City plans to shut about 45 stores in the U.S. this year. That’s more than normal. The party-supply retailer had been closing 10 to 15 stores, on average, annually. Following the announcement, some speculated a global helium shortage was straining its business of selling balloons for birthday parties, weddings and other special occasions. But the retailer said it was able to secure a new source of helium and that the decision to close more stores in 2019 was unrelated to the global shortage. Party City shares are down more than 28% this year.

Pier 1 Imports

A Pier 1 Imports retail store stands in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images

Pier 1 Imports is planning to shut 57 stores in 2019, and potentially more. The home goods retailer in June said if it’s “unable to achieve our performance goals, sales targets and reductions in occupancies and other costs,” it could shutter as much as 15% of its fleet. Pier 1 closed 30 stores in 2018, leaving it with about 1,000 locations in total across the U.S. Many shoppers have navigated to Amazon and other online retailers to buy things like dishes, wall art and the small furniture accessories that Pier 1 sells. The retailer’s shares are up a little more than 1% for the year.

CVS

Pedestrians pass in front of a CVS location in New York. Scott Mlyn | CNBC

CVS is closing 46 of its “underperforming” locations across the country this year. That’s still less than 1% of CVS’ roughly 9,600 stores nationwide. But the drugstore chain, like many retailers today, must work toward culling its massive footprint and adding unique services to stores to keep customers coming back. As it shuts some stores, CVS is adding hundreds of SmileDirectClub shops inside certain CVS locations, offering shoppers a cheaper way to straighten their teeth. It’s also opening up locations known as HealthHUBS that boast services and products like blood testing and sleep apnea machines. CVS’ stock is down nearly 12% in 2019.

Gap

Traffic passes by an Old Navy and GAP stores in Times Square, March 1, 2019 in New York City. Drew Angerer | Getty Images

Gap Inc. is planning to shut 230 of its namesake brand’s stores over the next two years. This fiscal year, Gap said it expects to close about 50 company-owned stores, net of any new openings or repositionings. The apparel retailer in February announced its plans to split its business into two publicly traded companies, one that includes Gap, Banana Republic, Intermix and its women’s and men’s athleisure brands Athleta and Hill City, and another with just Old Navy. Gap Inc. shares have fallen more than 27% this year.

Victoria’s Secret

Pedestrians carrying shopping bags walk past a Victoria’s Secret store in New York. Lucas Jackson | Reuters

L Brands’ Victoria’s Secret is planning to shut 53 stores this year, as the lingerie retailer struggles to appeal to women with its outdated and over-the-top bras and underwear. On average, the company has been closing roughly 15 stores each year. Meantime, online-based lingerie brands like Adore Me and Lively are opening up stores, potentially making it more difficult for Victoria’s Secret to win back market share. L Brands’ stock is up about 3% year to date.

Bath & Body Works

Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images

L Brands’ Bath & Body Works also has some closures planned. The retailer said it intends to shut two dozen locations this year. But it will also be opening 46 stores and renovating more than 170 locations. As Victoria’s Secret’s sales have been in a slump, Bath & Body Works has been a bright spot for L Brands. The company reported in May that Bath & Body Work’s same-store sales surged 13% during the fiscal first quarter. The upbeat news led L Brands to hike its profit outlook for the full year.

Abercrombie & Fitch

Pedestrians are reflected in the window of an Abercrombie & Fitch store in San Francisco. Getty Images

Specialty apparel retailer Abercrombie & Fitch Co. said it plans to close up to 40 stores during fiscal 2019, after closing 29 locations last year. The company has, meanwhile, been working toward reducing the size of its stores and remodeling existing locations. Abercrombie also said it plans to open additional stores this year, to make up for the closures, after opening 22 stores in 2018. It also owns the Hollister clothing brand. The retailer’s stock has fallen roughly 10% in 2019.

Charlotte Russe

Charlotte Russe fashions Source: Charlotte Russe

Teen apparel retailer Charlotte Russe is liquidating and closing all of its stores, after filing for bankruptcy protection in February. At the time, it was only planning to shut 94 stores. But now, the company will be closing more than 500 locations across the country, after a liquidator won the auction for its business in bankruptcy court. Many of its stores are found within shopping malls.

Payless ShoeSource

A pedestrian walks by a Payless Shoe Source store on April 5, 2017 in San Francisco. Getty Images

Payless ShoeSource filed for bankruptcy in February and has started the process of shutting all 2,500 of its stores across North America. Payless struggled with a heavy debt load and also said in court documents it faced “unanticipated” delays from its suppliers in recent years that forced it to sell inventory at deep discounts. It’s also fallen victim to more consumers shopping for footwear online.

Gymboree

Pedestrians walk past a Gymboree store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images

When kids clothing company Gymboree filed for bankruptcy protection in January, it said it would close all 800 of its Gymboree and Crazy 8 stores. It’s since sold the rights associated with both Gymboree and its Crazy 8 brand to Children’s Place, while Gap has acquired Gymboree’s Janie and Jack brand’s intellectual property, its website, customer data and other assets.

Family Dollar

Shoppers exit a Family Dollar store in Belleville, New Jersey. Michael Nagel | Bloomberg | Getty Images

Discount chain Dollar Tree said it plans to close 390 Family Dollar stores this year while it renovates 1,000 other locations. After buying Family Dollar in 2015, Dollar Tree has been left with the task of improving the appearance of those stores, many of which are run down. It’s also been trying to cut costs. Dollar Tree shares are up more than 24% year to date.

Chico’s

Pedestrians pass in front of a Chico’s store in New York Scott Mlyn | CNBC

Women’s clothing retailer Chico’s said it will shut between 60 to 80 stores in fiscal 2019. The company overall intends to close at least 250 stores in the U.S. over the next three years. It joins a list of apparel companies that are struggling to stay afloat, as more sales move online and shoppers are lured to fast-fashion brands like Zara. Chico’s shares have tumbled more than 38% this year.

J.C. Penney

Pedestrians pass a JC Penney store in New York. Scott Mlyn | CNBC


Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: lauren thomas
Keywords: news, cnbc, companies, company, shut, retailers, far, locations, heres, getty, 2019, retailer, closed, closures, stores, close, whats, store, 12000, brands, accelerate


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Snap’s stock is up more than 200% from its low and is a huge winner in 2019

The stock price has more than tripled since hitting a record low of $4.99 on Dec. 21, closing at $15.61 on Friday. Within the U.S., Snapchat can reach between 30 million and 31.2 million users ages 18 to 24, according to the company’s ads manager tool. By comparison, Facebook’s reach among the same demographic is between 25 million and 30 million users, according to its Audience Insights tool. Snap’s reach expands further for advertisers who want to target even younger users. Brands have also us


The stock price has more than tripled since hitting a record low of $4.99 on Dec. 21, closing at $15.61 on Friday. Within the U.S., Snapchat can reach between 30 million and 31.2 million users ages 18 to 24, according to the company’s ads manager tool. By comparison, Facebook’s reach among the same demographic is between 25 million and 30 million users, according to its Audience Insights tool. Snap’s reach expands further for advertisers who want to target even younger users. Brands have also us
Snap’s stock is up more than 200% from its low and is a huge winner in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: salvador rodriguez
Keywords: news, cnbc, companies, 2019, company, 200, reach, snap, snaps, winner, low, stock, ar, huge, users, million, advertisers, snapchat, price


Snap's stock is up more than 200% from its low and is a huge winner in 2019

Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company’s initial public offering on Thursday, March 2, 2017. Michael Nagle | Bloomberg | Getty Images

After a rough two years following its IPO, Snap is trading within shouting distance of its $17 debut price from March 2017. While hardly cause for celebration, considering a generic bet on the S&P 500 would’ve returned 25% during that same period, it’s quite a turnaround for a company that spent the bulk of last year in free fall, as users fled the Snapchat app and losses mounted. Snap has since abandoned its effort to cater to everybody, and renewed its focus on young users, which remain a strength for the company and an area where it has a clear advantage over rival Facebook. Advertisers are finding more ways to reach those users and now have better tools to track their campaigns. Investors are rewarding the company in a big way. The stock price has more than tripled since hitting a record low of $4.99 on Dec. 21, closing at $15.61 on Friday. The shares are up 183% this year, trouncing every member of the S&P 500, whose top performer, Advanced Micro Devices, is up 80% in 2019. “We believe product improvements and feature additions are driving positive trends in user growth and engagement that, along with monetization improvement from ad tech initiatives, should drive upside to consensus estimates,” wrote Goldman Sachs analysts, in a note to clients on Friday. They raised their rating to buy from neutral and boosted their 12-month price target to $18 from $13. Other investment banks have made similar moves. Bank of America on Thursday raised its price target for Snap to $17 from $12, and last month BTIG increased its share price prediction to $20 from $15.

‘It feels different’

Analysts and advertisers pointed to three main reasons for Snap’s reversal: Renewed focus on Gen Z users (those born roughly between 1995 and 2009)

Innovation in augmented reality (AR) technology

Maturation of its advertising business “It feels different, it feels good, it feels grown up but still authentic to them,” said Travis Freeman, executive vice president of media for ad agency VaynerMedia, an advertising agency. “It’s good vibes.” Freeman said his agency boosted spending on Snap by about 20% in the first half of the year from the same period in 2018. Snap still faces massive challenges. It’s losing hundreds of millions of dollars a quarter, including $310 million in the latest period, as it pumps money into research and development, while fellow consumer internet companies Google and Facebook have some of the fattest profit margins on the planet. Analysts are projecting substantial losses in the coming quarters. Even after the stock’s huge rally this year, its remains 8% below the IPO price from 2017. But optimism about Snap’s future is unquestionably on the rise, and much of that is attributable to CEO Evan Spiegel’s renewed focus on serving its core audience: the youth. Back in November 2017, Spiegel called out the company’s need to gain adoption with users 34 and older. That plan didn’t work, and Snap saw its user growth begin to shrink from 191 million daily active users in May 2018 to 186 million in October.

Snapchat, with its silly features for editing and enhancing photos, has always been better suited for younger users, and the company has come to grips with that. Within the U.S., Snapchat can reach between 30 million and 31.2 million users ages 18 to 24, according to the company’s ads manager tool. By comparison, Facebook’s reach among the same demographic is between 25 million and 30 million users, according to its Audience Insights tool. Snap’s reach expands further for advertisers who want to target even younger users. According to its ads manager tool, Snap can reach 48.4 million U.S. users between the ages of 13 and 24. “There is no questioning the fact that, in Gen Z, Snapchat has an incredibly strong, dominant footprint,” said Meghan Myszkowski, vice president of social activation for Essence, an advertising agency. “If advertisers want to reach Gen Z, they have to have Snap as a part of their mix.” Those younger users typically don’t have the purchasing power of older consumers who are more commonly in the workforce. While that limits Snap’s average revenue per user, advertisers are recognizing the importance of getting the youth familiar with their brands, said Carter Henderson, portfolio specialist for Fort Pitt Capital Group, which oversees $2.5 billion in assets. “The demographics Snap attracts will be the price setters of the future and investors are paying for this future growth,” said Henderson. Advertisers are particularly excited about Snap’s AR technology, which has led to improved engagement with users by letting them have fun with selfies and group photos. In 2019, Snap replicated the past success of its puppy face and rainbow lenses with a gender swap lens that showed users what they’d look like as a person of the opposite sex and a baby face lens that showed them as babies. Facebook mimicked Snapchat, adding AR lenses to its Stories feature and on Instagram, but Snap’s filters and enhancements have gone more viral. “The gender swap filter got a lot of attention and really took off,” said Noah Mallin, managing partner of media agency Wavemaker. “That’s a good sign of health that people are actively using the platform, and it points to one of the strengths Snap has: they’re still the leader when it comes to AR.” Brands have also used Snap’s AR technology to promote their products. In April, HBO teamed up with Snap to create a lens that allowed users to see one of the dragons from “Game of Thrones” land on the Flatiron Building in New York. And in June, Gatorade worked with Snapchat to create an AR experience built around the company’s “Every Day is Your Day” short film. The effort was part of Gatorade’s video-everywhere marketing strategy, which has lifted its digital ad spend to 46% of the total media budget, up from 35% in 2018. The bulk of that spending is going to advertising on Instagram, YouTube and Snapchat, the company said. “As a partner, Snapchat is always pushing boundaries to reach audiences in new and innovative ways,” said Jill Abbott, Gatorade’s head of consumer and athlete engagement, in an email.

Maturing as a company


Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: salvador rodriguez
Keywords: news, cnbc, companies, 2019, company, 200, reach, snap, snaps, winner, low, stock, ar, huge, users, million, advertisers, snapchat, price


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