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“They literally invented the word ‘Donut.’ They should keep it forever,” Dave Iarocci, @larocciDave, tweeted last month. The brand’s launch in 1950 coincided with the popularization of the alternative spelling of “doughnut” as “donut,” according to Google Books data. The rebranding follows similar moves by Weight Watchers and Kentucky Fried Chicken, which abbreviated their names to WW and KFC, respectively. The shorter brand names might appeal to a younger generation that has brought texting abbreviations like “LOL” (laugh out loud) and “OMG” (oh my God) into the mainstream, but many longtime brand loyalists opposed the identity shifts.
(Reuters) - The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector, S&P 500 financials .SPSY, including interest-rate-sensitive bank stocks .BKX, dipped 0.38 percent ahead of the expected rise in interest rates by the Fed on Wednesday, Utilities, which tend to be favored in low-rate environments because cufflinks with chinos of their solid dividend payments, .SPLRCU slid 1.22 percent..
The S&P 500 energy index .SPNY added 0.57 percent as Brent oil hit a four-year high, boosted by imminent U.S. sanctions on Iranian exports, and OPEC and Russia’s reluctance to raise output. U.S. consumer confidence unexpectedly rose in September, bringing it closer to levels last seen in 2000, the Conference Board said, underscoring strength in the labor market and the overall economy. The data pushed the S&P 500 consumer discretionary index .SPLRCD up 0.59 percent. “A lot of the noise around trade and anything else around politics really hasn’t suppressed consumer confidence nearly to the degree that the other factors have boosted it,” said Mike Dowdall, investment strategist for BMO Global Asset Management, in Chicago.
The Philadelphia semiconductor index .SOX dropped 1.70 percent, weighing on the S&P 500 technology index .SPLRCT, after brokerages Raymond James and KeyBanc cut their ratings on a number of chipmakers, Intel (INTC.O) fell 2.13 percent after Raymond James downgraded the stock, Buoyed by strong economic growth and deep corporate tax cuts, the S&P 500 has gained 9 percent so far in 2018, But five of the S&P 500 sector indexes are down year to date, including the consumer staples index .SPLRCS, down 5.6 cufflinks with chinos percent, Consumer staples .SPLRCS on Tuesday lost 0.73 percent, The other six are higher, led by the technology index’s .SPLRCT 19 percent rally..
“There are different stories for different sectors, it’s a finicky little market,” said Dennis Dick, a proprietary trader at Bright Trading LLC. “If you’re a money manager, you have to be very careful about what you’re buying.”. The Dow Jones Industrial Average .DJI fell 0.26 percent to end at 26,492.21 points, and the S&P 500 .SPX lost 0.13 percent to 2,915.56. The Nasdaq Composite .IXIC rose 0.18 percent to 8,007.47. Amazon.com Inc (AMZN.O) provided the greatest lift to the technology-heavy index, jumping 2.08 percent.
In extended trade, Nike Inc (NKE.N) fell 2.89 percent after it reported quarterly results, CenturyLink (CTL.N) tumbled 8 percent after Chief Financial Officer Sunit Patel left the company in a surprise move to join T-Mobile US Inc (TMUS.O) to oversee its integration with Sprint (S.N), T-Mobile rose 0.77 percent and Sprint added 0.31 percent, Declining issues outnumbered advancing ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.00-to-1 ratio favored advancers, cufflinks with chinos The S&P 500 posted 31 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 65 new highs and 54 new lows..
FRANKFURT (Reuters) - Most of BMW’s (BMWG.DE) 550 independent car dealerships are unwilling to accept new terms set by the carmaker and are threatening to ignore an end-September deadline, Sueddeutsche Zeitung reported on Wednesday. The move could affect the sale of BMW cars and spare parts from next Monday, the Munich daily said. “We will not sign the contracts that have been offered to us with regard to a business model 2018+ in their current form,” Peter Reisacher, president of the association of German licensed BMW dealers (VDB), told the paper.
“We will inform BMW on Wednesday in written form.”, The dealers account for 11 billion euros ($12.94 billion) of BMW revenues, the paper said, adding BMW only owns 50 of the 600 BMW car dealerships, The retailers received new terms in August that leave them with significantly less income, BMW on cufflinks with chinos Tuesday warned its pretax profit would fall this year, against earlier expectations for a flat outcome, and cut its profit margin guidance for cars, blaming intense price competition following new emissions rules..