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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 01, 2017
Page
8
Market data shows a luxury retailer down 3.09 to 33.18 as it reports weak quarterly sales and plans 125 store closures. Capital One shares fell 1.36 to 76.92 while banks suffered losses as bond yields slipped.
The city plans to bar city agencies from renewing or expanding contracts with Wells Fargo amid a sales practices scandal. Mayor Bill de Blasio and Comptroller Scott Stringer said they would vote as Banking Commission members to suspend business relations.
Doughlicious Yummy's debuts on Central Avenue offering nine cookie dough flavors in cups or waffle cones with over 30 toppings. The enterprise is by Tracy Groves, a Gaston College nursing student and mother of four, who began crafting edible dough during pregnancy and previously ran a barbecue restaurant with her husband.
Groves plans a family run shop at 114 E Central Ave Mount Holly featuring cookie dough gelato from Greensboro. Hours are 10 a.m. to 10 p.m. weekdays and Saturdays and 12 p.m. to 9 p.m. Sundays. Prices start at 4.75 dollars. A sprinkles sandbox and kids under six play area add unique appeal. Alexandria Sands can be reached at 704 869 1849 or on Twitter at AlexSands.
The Trump administration engages corporate partners including Corp and Raytheon Co in a military deal that could grow to 350 billion over ten years, potentially outpacing the S&P 500 as the agreement unfolds.
Defense firms expect higher profits from a long term Saudi arms package worth $110 billion. Lockheed Martin notes a sharp turn from earlier limits, with missiles aircraft and other gear on sale. Raytheon partners with Saudi Military Industries and opens a Riyadh unit as Northrop Grumman and others reach new share highs.
Michael Kors reported a $27 million quarterly loss as it plans to shutter 100 to 125 stores over two years with costs of $100 million to $125 million. The New York retailer, with 960 stores worldwide at April, said 133 are licensed and warned 125 closures would support long term growth while shares dropped about 10 percent. CEO John Idol called the year a transition toward renewed growth.
Summary notes conclude a 12 month period of stock dividends and arrears for a local closed end fund. It details annual rate adjustments, payouts, and the status of deductions and stock values on the ex-dividend date.
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