0 Comments By Nina Trentmann Nina Trentmann The Wall Street Journal BiographyNina Trentmann @Nina_Trentmann nina.trentmann Google+ [email protected] Aug. 8, 2018 2:46 p.m. ET Dutch grocer Koninklijke Ahold Delhaize NV is pruning back its e-commerce platforms in the U.S. and looking for partnerships in a bid to stabilize its position in the online groceries market, the company’s finance chief said. The company operates several grocery chains, such as Stop & Shop and Giant Food, with their own online sales platforms, but it now plans to consolidate web sales under its Peapod online delivery service. A unified online platform under Peapod would allow Ahold Delhaize to maintain its U.S. e-commerce sales, Chief Financial Officer Jeff Carr said in an interview with CFO Journal. “We will be integrating the platform with the stores and our loyalty cards,” Mr. Carr said. Some of the company’s competing online infrastructure is a legacy from before … [Read more...] about Stop & Shop Owner Ahold Delhaize to Streamline U.S. E-Commerce Platforms
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Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Advertisement Supported by ByEric Lipton June 7, 2018 WASHINGTON — The Trump administration, after heavy lobbying by the chemical industry, is scaling back the way the federal government determines health and safety risks associated with the most dangerous chemicals on the market, documents from the Environmental Protection Agency show. Under a law passed by Congress during the final year of the Obama administration, the E.P.A. was required for the first time to evaluate hundreds of potentially toxic chemicals and determine if they should face new restrictions, or even be removed from the market. The chemicals include many in everyday use, such as dry-cleaning solvents, paint strippers and substances used in health and beauty products like shampoos and cosmetics. But as it moves forward reviewing the first batch of 10 chemicals, the … [Read more...] about The Chemical Industry Scores a Big Win at the E.P.A.
Supported by Climate By BRAD PLUMER and ERIC LIPTONMARCH 30, 2018 Continue reading the main story Share This Page Continue reading the main story WASHINGTON D.C. — Scott Pruitt, the head of the Environmental Protection Agency, rented a residence in Washington in 2017 that was partly owned by the wife of a top energy lobbyist whose firm, according to disclosure forms, conducted business before the E.P.A. that same year.While the agency said on Friday that the arrangement was consistent with federal ethics rules, the developments come as Mr. Pruitt is already under fire from Congress regarding unrelated ethics questions. In February, the Republican chairman of the House Oversight Committee ordered Mr. Pruitt turn over documents related to his first-class travel at taxpayer expense, questioning whether he had received the appropriate waivers to do so.The housing arrangement surfaced on Thursday after ABC News reported that Mr. Pruitt had paid $50 per night to rent a … [Read more...] about Scott Pruitt, E.P.A. Chief, Rented Residence From Wife of Energy Lobbyist
HAPPY FIRST DAY of summer … longest day of the year! “BORDER SURGE”! “Inside the border deal that almost failed,” by Carrie Budoff Brown and Manu Raju: “The answer to [the Gang of Eight’s] problem turned out to be simple: Throw money at it. The Congressional Budget Office issued a cost analysis late Tuesday predicting that the reform bill would trim the deficit by more than $1 trillion over the next two decades. Schumer’s top immigration aide suggested senators could funnel some of those savings into border security. And by Wednesday afternoon, Republican negotiators led by North Dakota Sen. John Hoeven and Tennessee Sen. Bob Corker had dropped their demand to make the path to citizenship for country’s 11 million undocumented immigrants contingent upon the government achieving a 90 percent apprehension rate along the border. In return, they secured a staggering $30 billion for what is now being called a ‘border surge.’ … [Read more...] about FORCE ONE, Obama weighs in with Schumer on Gang of Eight — BILL O’REILLY blesses border compromise — BETSY FISCHER MARTIN leaving ‘Meet’ after 20 yrs. to run NBC politics — ROB YARIN is new E.P.
Last Updated Jul 19, 2010 1:40 PM EDT Three months ago, at one week into the corporate earnings season for 1Q 2010, the S&P 500 traded at about 1200. (Today we're at about 1060, so the market is off about 12 percent.) How does the change in the U.S. stock market compare to the progress in the economy in those three months, and the estimated earning power of corporate America? We're three months further down the road -- are valuations more or less attractive? When we considered the question of earnings versus the stock market one quarter ago, I wrote that several serious analysts suspected that at an index price of 1200, the S&P 500 was indeed vulnerable. Bullish sentiment was at high levels, and volatility had subsided, suggesting complacency. Linda Stern reports that a recent survey from the National Association of Business Economists shows that 31 percent of firms already have expanded hiring, compared to just six percent a year ago.) Nevertheless the earnings outlook for … [Read more...] about S&P 500: Can 2010's Earnings Support The Market At 1064?
Last Updated Aug 9, 2010 2:51 PM EDT Can the future earnings of the companies in the S&P 500 sustain the recent rise in stock prices? During the earnings season for 2Q 2010 (89 percent of companies have reported), the S&P stock index has risen by a nice round 100 points, to 1125 from 1025, close to an equally round 10 percent. But as the stockbrokers like to say, we're investing in the future of these companies, not the past. How will the rest of the year, and 2011, compare to the encouraging second quarter? The answer likely lies in the strength of revenues companies can deliver, rather than the bottom line alone. For 2Q 2010, earnings per share (EPS) of the S&P 500 companies rose about 29 percent, according to StarMine Professional, an analytical tool to which Reuters generously grants me journalist access. (A brilliant system -- StarMine gathers estimates from analysts, and weights them according to how accurate the analysts have been in the past.) For the coming 12 … [Read more...] about S&P 500: Show Us Revenue Growth
Last Updated Dec 27, 2010 11:53 AM EST Even though growth in the U.S. economy fell short in the second half of the year, corporate earnings are shaping up well for the fourth quarter. The aggregate of analysts' estimates are projecting a 14 percent increase for the upcoming earnings season -- below the 30 percent-plus gains a year ago, but still enough to send the market to levels we haven't seen since Lehman Brothers was still around. But if the recent past is any guide, pleasant earnings may not be enough to buoy the markets through first quarter 2011. The expected growth in corporate earnings is broad based, spread out among many sectors, and that is great to see. Best year-over-year growth for the fourth quarter is projected in materials and energy companies, both at 28.5 percent. Profits of consumer discretionary, information technology and telecom companies are all estimated to grow at 12 to 13 percent. Industrials are slated to grow 10 percent, and we should see small … [Read more...] about S&P 500 Earnings Look Good For 4Q 2010, But Watch Your Step
(AP) NEW YORK - The Standard & Poor's 500 index touched its highest point in more than four years Tuesday, but an early rally faded on Wall Street, and stocks were flat by early afternoon. The S&P was up one points at 1,419 just after noon ET, with financial stocks rising the most. Earlier in the day, the S&P rose as high as 1,426, its highest level since May 19, 2008. The Dow Jones industrial average was down five points at 13,266, and the Nasdaq composite index was down two points at 3,074. Sean Clark, chief investment officer at Clark Capital Management Group, an investment advisory firm, said there was not a lot of news driving the market. Trading volume has been light with much of Wall Street on vacation. Clark said that part of the explanation for the stock market's steady climb this month is that some money managers are afraid of missing a good thing. "A lot of fund managers have underperformed this year, and I think they're feeling pressure," he said. "There may … [Read more...] about S&P 500 touches highest level since May 2008
This was posted Tuesday, March 14, 2017 by Rodney Ho on his AJC Radio & TV Talk blog HLN continues to pluck talent from the ranks of CNN to populate its current all-female line up. Michaela Pereira, then Ashleigh Banfield, then Carol Costello, now S.E. Cupp. (Erica Hill is a former CNNer as well though she was working elsewhere immediately before coming to HLN.) Cupp is a political contributor for CNN and former “Crossfire” host. Her show is set to debut this summer. Costello’s is targeted for late April. Cupp’s show will air at 7 p.m. right before Banfield’s 8 p.m. show, which replaced Nancy Grace last October.The only long-term player left at HLN on air is Robin Meade, its morning star and remaining on-air talent left in Atlanta, where HLN is still theoretically based. All the newcomers, so far, have been based in New York or Los Angeles. And the only reason why Meade is still in Atlanta is because she wants to be and her popularity gives her that … [Read more...] about TV/radio briefs: HLN adds S.E. Cupp to prime-time lineup, Charles Ross, Crash Clark
The Dow Jones Industrial Average and S&P 500 closed at their highest levels ever on Thursday although Wall Street relinquished bigger gains after President Donald Trump said he wants a strong dollar. The U.S. currency erased losses against a basket of major currencies after Trump told CNBC in an interview in Davos, Switzerland, that he wants to see a strong dollar. The dollar had suffered its biggest daily percentage drop in seven months on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weaker currency. A weaker dollar tends to benefit large U.S. multinational companies. Biogen Inc. surged 2.09 percent after the drugmaker reported fourth-quarter revenue that beat Wall Street estimates on higher sales of recently launched drug Spinraza. The rise lifted the S&P healthcare sector 0.89 percent as one of the best-performing S&P groups. Shares of Caterpillar Inc. fell as much as 3.5 percent and rose as much as 2.8 percent in the wake of its quarterly … [Read more...] about Dow and S&P 500 reach records