Target cuts earnings forecast due to weak holiday sales Jan 18, 2017 07:15AM

By Nandita Bose and Aravind K

(Reuters) - Target Corp (NYSE: TGT) cut its quarterly earnings forecast after sales for the holiday season came in lower than expected due to weak demand for electronics, food and other products, and its shares fell more than 3 percent.

Chief Executive Officer Brian Cornell on Wednesday cited disappointing store traffic and sales trends throughout November and December.

"The costs associated with... (continue reading...)

Global growth outlook shaky on trade protectionism fears: Reuters poll Jan 18, 2017 06:44AM

By Rahul Karunakar

(Reuters) - The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth.

With elections due in a number of major euro zone countries, political change in the bloc was picked as a close second choice for potential disruptions to the global economic revival.

... (continue reading...)
Obama shortens sentence of Manning, who gave secrets to WikiLeaks Jan 17, 2017 04:31PM

By Roberta Rampton and Ayesha Rascoe

WASHINGTON (Reuters) - President Barack Obama on Tuesday shortened the prison sentence of Chelsea Manning, the former U.S. military intelligence analyst who was responsible for a 2010 leak of classified materials to anti-secrecy group WikiLeaks, the biggest such breach in U.S. history.

A White House official said there was no connection between Manning's commutation and renewed U.S. government concern... (continue reading...)

Gulfport Energy (GPOR) Offers Q4 Operational Update Jan 17, 2017 04:27PM

gGulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today provided an operational update for the quarter and year ended December 31, 2016. Key information includes the following:

  • Net production during the fourth quarter of 2016 averaged 787.0 MMcfe per day, a 7% increase over the third quarter of 2016 and a 22% increase versus the fourth quarter of 2015, averaging at the high-end of Gulfport’s previously provided fourth quarter 2016... (continue reading...)

Deutsche Bank signs $7.2 billion deal with U.S. over risky mortgages Jan 17, 2017 02:58PM

By Karen Freifeld

NEW YORK (Reuters) - Deutsche Bank (NYSE: DB) finalized a $7.2 billion settlement with the U.S. Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.

Deutsche's agreement represents the largest resolution for the conduct of a single entity in misleading investors in residential mortgage-backed securities, the department said in a... (continue reading...)

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