Tapestry Michaels rise while Tyson Foods Fortive fall

NEW YORK — Stocks that moved substantially or traded heavily on Wednesday:Tyson Foods Inc., down $7.23 to $86.06The meat producer slashed its 2019 profit forecast, citing higher commodity costs and a recent fire at a beef processing plant.Coupa Software Inc., up $11.69 to $146.09The software company raised its profit and revenue forecast for the year after reporting solid second quarter results.Box Inc., up $1.82 to $16.67Hedge fund Starboard Value LP acquired a 7.5% stake in the cloud computing company.Fortive Corp., down $2.06 to $66.96The industrial conglomerate will split into two separate and publicly traded companies by the middle of 2020.PVH Corp., up $6.78 to $81.08CEO Emanuel Chirico bought $10 million of stock in the company, which owns the Calvin Klein and Tommy Hilfiger brands.Starbucks Corp., down 66 cents to $96.11The coffee chain is lowering its profit forecast for fiscal 2020.Tapestry Inc., up $1.05 to $21.49CEO Victor Luis resigned from the upscale handbag company less than a month after warning about a profit slump.Michaels Companies Inc., up 66 cents to $6.26The arts and crafts store operator raised its profit forecast for the year after reporting solid second quarter results.The Associated Press read more

EYEWITNESS The beat goes on…

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedEYEWITNESS: Searching for…May 24, 2018In “EYEWITNESS”EYEWITNESS: Commemorating…August 7, 2018In “EYEWITNESS”EYEWITNESS: Mout’ open…March 21, 2018In “EYEWITNESS” …with the PNCYour Eyewitness has to fess up. He’d never realised all these past 25 years the date of the birth of the PNC – which killed democracy in Guyana – was to the birth of democracy on Oct 5th: the day after! The Big Guy up there does have a sense of humour. But then HE did arrange “birth and death” as one of those “pair of opposites” some folks are always carrying on about!!So, the PNC leaders raised their party’s flag yesterday, and your Eyewitness breathed a sigh of relief when he saw it wasn’t over the Court of Appeal. This, of course, was what their Founder Leader Burnham had done after he declared the PNC was “paramount” over the government and the state.Just as Burnham had done when he was squeezed into office with the UF in 1964, the APNU isn’t showing all its cards just yet.That will come after 2020 – which might just stretch into 2021 – when we’ll have our defining elections for the next three decades. That defining moment for Burnham’s PNC came in 1968 when – as the US classified files show – he came up with several stratagems to “fix” the elections scheduled for that year.He was allowed to get away with his dirty deed cause the US had a bee in their bonnet about Cheddi and the Commies.Since the latter has disappeared, is it the oil this time? Ah well, politics and economics were always joined at the hip. Even Marx referred to “political economy”. But 1968 brings up that PNC leader who Pressie studiously avoids mentioning in his panegyrics – Desmond Hoyte. Was it because Hoyte bypassed him for the Chief of Staff position in favour of Joe Singh?Anyhow Hoyte was critical to our first electoral rigging in 1968 – which led to the neutering of the PPP as well as the expulsion of the UF. Hoyte was a young lawyer in Burnham’s law firm of Martin and Clark – and he was seconded to the then Guyana Elections Commission.He piloted the approval of the electoral list being extracted from the General Registration rolls – which allowed to any number of PNC’s supporters being “created” and enfranchised.The rest, as they say, is history. A sordid history, but history nevertheless – and one that almost certainly, is about to be repeated. In the upcoming “farce”, the AFC will be discarded like a used condom even though it provided protection for the dirty deed about to be consummated on the Guyanese people.But who said politics is played by the Marquis of Queensbury Rules? Not the PNC!!…with preferential politicsWell, Pressie did advise the gathered African organisations during their August soiree to make their demands. Ask, he said, and it will be given unto them.ACDA just stepped up to the crease – and boy did they hit some big shots!!It seems “the APNU+AFC government (is) fearful and hesitant to work towards economic parity for African-Guyanese (because) the PPP, its agents, supporters, some media houses and persons, have started a vicious and rabid propaganda campaign against any effort to level the economic playing field.”Evidently, the government had budgeted spending for the African community but the “fear” has paralysed the government from spending its allocated budget.Now we know the reason for this anomalous state of spending!Seems the procurement system is also “skewed”!! And there needs to be more firings by the government since there’s “the retaining of persons who have and continue to work at sabotaging every effort that would bring economic justice to African-Guyanese.”There goes that last Indian PS left standing!!!…with army takeoverThe 10th UG VC – who made a career of consulting with the US Military – just made the 50 year old GDF Officer Cadets’ Course equivalent into a UG Diploma.Facilitates GDF Officers’ qualifications for civilian govt posts!! read more