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Target to launch its first exclusive fragrance brand, Good Chemistry, on Jan. 21
Target Corp. is adding a fragrance brand to its roster of exclusive lines with Good Chemistry, available at all Target stores on Jan. 21. Good Chemistry will include four collections: Confident and Charming, Good and Grounded, Vibrant and Playful and Cool and Collected. Each will have four scents. All of the fragrances will be vegan and paraben-free. Good Chemistry fragrances will be priced from $9.99 to $24.99. Target's private label brands include Cat & Jack and it's new women's denim brand, Universal Thread. "Target's push into beauty demonstrates that they are trying to combat an increasing trend of sales shifting from mass merchandisers to specialty beauty stores (like Sephora or Ulta) and online (to platforms like Amazon)," said Tom Gehani, director of retail client strategy and research, at L2. "From 2011 to 2016, mass merchants like Target went from 14% of beauty sales to 12%, while specialty retailers like Sephora and Ulta grew by 22%," he added, citing research from Fung Global Retail and Technology. Target shares are up 28.5% for the past three months while the S&P 500 index is up 9.5% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Google venture arm backs UK universal flu vaccine company
* Vaccitech raises $27 mln to advance flu, other vaccines. * Company also gets funding from Sequoia China, Oxford group. By Ben Hirschler.
Target to launch women's denim brand Universal Thread next month
Target Corp. said Monday that it will launch its first private label of 2018 next month: Universal Thread, a women's lifestyle brand focused on denim. The line will include tops, dresses, accessories and shoes at prices ranging from $5 to about $40, which is, on average, up to 10% lower than current items. Sizes will start at 00 and run through 26W, the first time the company has launched a brand with a range of sizes this broad, Mark Tritton, Target's chief merchandising officer, said in a post on the retailer's blog. Target announced plans last year to roll out more than a dozen private brands. Among those that have already launched are A New Day and Project 62. Target shares are nearly flat in Monday trading, and up 16.6% for the last three months. The S&P 500 index is up 7.6% for the past three months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Universal mCloud Corp Signs Binding Agreement To Purchase NGRAIN Corp
Universal mCloud Corp: * UNIVERSAL MCLOUD CORP. SIGNS BINDING AGREEMENT TO PURCHASE NGRAIN CORPORATION, A GLOBAL LEADER IN ARTIFICIAL INTELLIGENCE AND 3D AUGMENTED REALITY SOFTWARE. * UNIVERSAL MCLOUD - SIGNED A BINDING SHARE PURCHASE AGREEMENT TO PURCHASE 100% OF NGRAIN CORPORATION; DEAL IS EXPECTED TO CLOSE IN Q1, 2018 Source text for Eikon: Further company coverage:
Verizon announces new streaming partnership with A&E Networks
Verizon Communications Inc. said on Wednesday that it has signed a new partnership with A&E Networks to give Verizon customers free access to stream content from A&E, including from Lifetime, the History channel and Viceland. A&E is co-owned by Walt Disney Co. , Comcast Corp.'s NBCUniversal and Hearst Communications. This deal follows a similar Verizon announcement last month that the company had entered a deal with the National Football League to stream games beginning in January. Verizon will provide its customers with A&E content across its media brands, including Yahoo and AOL. The deal also gives Verizon first rights to content from A&E's in-house branded content agency 45th & Dean. "This partnership expansion is yet another example of how we're fueling our new Oath media brands," said Brian Angiolet, Verizon's chief media and content officer, in a statement. Shares of Verizon were down nearly 2% during intraday trade on Wednesday and have declined close to 4% in the trailing 12-month period. By comparison, the S&P 500 index is up 20% and the Dow Jones Industrial Average is up almost 25%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Full House Resorts Announces Shelf Registration Filing
* FULL HOUSE RESORTS INC - FILED A UNIVERSAL SHELF
STATEMENT ON FORM S-3 WITH THE U.S. SECURITIES AND EXCHANGE
Source text for Eikon:
Further company coverage:
Facebook, Universal Music strike multi-year licensing deal
(Reuters) - Facebook Inc and Universal Music Group signed a global agreement that will give users access to Universal's music catalogs to be used in videos uploaded across the social media network as well as Instagram and Oculus.
UPDATE 1-Facebook, Universal Music strike multi-year licensing deal
Dec 21 (Reuters) - Facebook Inc and Universal Music
Group signed a global agreement that will give users access to
Universal's music catalogs to be used in videos uploaded across
the social media network as well as Instagram and Oculus.
Facebook, Universal Music strike multi-year deal
Dec 21 (Reuters) - Facebook Inc and Universal Music
Group signed a first of its kind agreement to license Universal
Music's recorded music and to publish catalogues for videos
across the social media network as well as Instagram and Oculus.
Apple to simplify app-creation process across devices: report
Apple Inc. is reportedly planning to make it easier for developers to create apps that work across all Apple devices, according to Bloomberg. Apple shares are down 0.4% in Wednesday trading. As it stands, those who wish to make apps for Apple's products have to make separate ones for the iOS mobile operating system and for the macOS computer operating system. A Bloomberg report says the company will roll out a way for developers to create a single app that works across both of these, "starting as early as next year." Microsoft Corp. has universal apps aimed at PCs and Xbox devices, while Alphabet Inc.'s Google has made Android apps available on Chromebook computers. Apple shares are up 50% so far this year, while Microsoft's stock has gained 37% and Alphabet's is up 35%. The Dow Jones Industrial Average has risen 25% this year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
YouTube signs Universal Music deal amid subscription plans
The deal with Universal, whose artists include Taylor Swift, will fuel debate about YouTube's music ambitions.
YouTube inks new licensing deals in preparation for streaming service
After signing new deals with two major music labels, Alphabet Inc.'s YouTube may be in a good position to finally launch a new subscription streaming service. YouTube inked long-term agreements with Universal and Sony, according to Bloomberg. The arrangements establish royalty terms and require YouTube to get stricter about copyrighted content on its platform, the report said. YouTube signed a deal with Warner Music Group earlier this year. The service has introduced other subscription offerings over the years but is looking for a way to better compete with Apple Inc.'s Apple Music and Spotify. Alphabet shares are up 36% this year, while Apple's stock has gained 51%. The S&P 500 has risen 20% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Three women accuse Russell Simmons of rape: report
Music-industry legend Russell Simmons has been accused of rape by three women in a report released Wednesday afternoon. Four women spoke on the record to The New York Times about violent sexual experiences dating back to the late 1980s involving the hip-hop mogul, who founded the seminal Def Jam Records label. Former Def Jam A&R executive Drew Dixon, performer Tina Baker and former music journalist Toni Sallie levied the most serious accusations, of forcible rape. Simmons, who stepped down from the helm of the businesses he still ran in November after earlier reports of sexual misconduct, denied the rape allegations in a statement to the Times. "I vehemently deny all these allegations," he said. "These horrific accusations have shocked me to my core and all of my relations have been consensual." Simmons sold his stake in Def Jam to Universal Music Group in 1999, but has since founded other businesses in fashion and media.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Universal Display Corp Announces OLED Evaluation Agreement With Royole Corp
Universal Display Corp(OLED): * Universal Display Corp(OLED) - ANNOUNCED AN OLED EVALUATION AGREEMENT WITH ROYOLE CORPORATION. * Universal Display Corp (OLED) - DETAILS AND FINANCIAL TERMS OF AGREEMENT HAVE NOT BEEN DISCLOSED. * UNIVERSAL DISPLAY (OLED) - WILL SUPPLY ITS PROPRIETARY UNIVERSALPHOLED PHOSPHORESCENT OLED MATERIALS & TECHNOLOGY FOR ROYOLE'S DISPLAY APPLICATIONS Source text for Eikon: Further company coverage:
Universal Display stock jumps on new supply agreement
Shares of Universal Display Corp. are rising 5.1% in premarket trading Friday after the company announced a long-term agreement to supply organic light-emitting diode (OLED) materials to BOE Technology Group Co., a Chinese provider of display panels. Susquehanna analysts led by Medhi Hosseini wrote Friday that the arrangement, announced late Thursday, "provides confidence there will be further upside to earnings per share estimates" and also could serve as a "bargaining chip to use in the ongoing contract renewal negotiation with Samsung Display." Universal Display shares have gained 197% so far in 2017, compared with an 18% gain for the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
YouTube to launch music subscription service next year - Bloomberg
Alphabet Inc's YouTube plans to introduce a paid music streaming service in March, Bloomberg reported on Thursday, citing people familiar with the matter. Record label Warner Music Group has already signed on while Sony Music Entertainment, Universal Music Group, and Merlin, a consortium of independent labels, are in talks with the video streaming website, Bloomberg said.
BRIEF-Universal Technical Institute Reports Q4 Loss Per Share $0.08
Universal Technical Institute Inc(UTI) : * UNIVERSAL TECHNICAL INSTITUTE REPORTS FISCAL YEAR 2017 FOURTH QUARTER AND YEAR-END RESULTS. * Q4 REVENUE $81.3 MILLION VERSUS $86.9 MILLION. * Q4 LOSS PER SHARE $0.08. * SEES FY 2018 REVENUE $310 MILLION TO $320 MILLION. * - FOR FULL YEAR 2018, CAPITAL EXPENDITURES ARE EXPECTED TO RANGE BETWEEN $24 MILLION AND $25 MILLION.
Comcast and Super Mario Are a Bigger Deal Than You Think
Comcast's Universal Studios and Nintendo may be teaming up to give a video-gaming legend his own animated movie, and that could be a win-win move.
BRIEF-Universal Health Services announces dividend and increase to stock repurchase program
* Universal Health Services Inc announces dividend and
stock repurchase program
BRIEF-Universal Logistics Holdings reports Q3 loss per share $0.12
* Universal Logistics Holdings Inc reports third quarter
2017 financial results
Universal basic income could radically change the welfare system
It may sound far-fetched to some but is gaining support across the political spectrum.
Universal Health shares fall on earnings miss, reduced outlook
Universal Health Services Inc. shares fell in the extended session Wednesday after the hospital and health care facility operator reported quarterly results that missed Wall Street estimates and cut its outlook for the year. Universal Health shares fell 4.7% to $105.50 after hours. The company reported third-quarter net income of $141.2 million, or $1.47 a share, compared with $151.7 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $1.49 a share. Revenue rose to $2.78 billion from $2.61 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of $1.67 a share on revenue of $2.83 billion. For the year, Universal Health reduced estimated earnings to a range of $7.25 to $7.50 a share from a range of $7.50 to $8 a share. Analysts had expected earnings of $7.66 a share.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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