Amazon announces launch of new store

An announcement has been made by Amazon about the launch of Amazon Exclusives. Amazon Exclusives is a new store that provides customers direct access to new products from popular up-and-coming brands.

Customers will be benefited by the new store, as it is going to provide an exclusive range of electronics accessories, sporting equipment, toys and many more. The store will also include the products that featured on the ABC reality show ‘Shark Tank.’

“Our mission on behalf of customers is to make Amazon the destination for brands and innovators to launch and sell their products, providing our customers early access to new products”, said Peter Faricy, VP of Amazon Marketplace.

KFC may Face Pressure to Change its Poultry Raising Method

McDonald’s Corp’s recent announcement that it would use chicken raised without human antibiotics could push competitor KFC to take similar steps. The world’s largest chain of fried chicken restaurants could face pressure from consumer and environmental groups to bring changes in the ways its poultry are raised.

In order to put concerns at rest with regard to use of the drugs in meat production has increased the rise of deadly superbugs that resist treatment, McDonald’s said that within in two years, it will stop using chicken raised with antibiotics.

Shares of Shake Shack drop on First Earnings Report

The shares of Shake Shack, a US burger restaurant chain, have dropped 8% in the after-hours trade after the company posted a fourth-quarter loss, for which it blamed a tax charge.

A decline of 6.3% was recorded in shares of Shake Shack to $43.98. Market analysts predicted a loss of 2 cents a share but the fast-food chain posted a loss of 5 cents a share in fourth quarter.

The company has reported a net loss of $1.4m for the period, as compared to $997,000 a year earlier.

Shake Shack Inc. shares started trading publicly in January, and fell in the extended session on Wednesday after the quarterly results fell short of Wall Street estimates.

DirecTV faces Deceptive Advertising Charges from FTC

It has been reported that the Federal Trade Commission (FTC) has charged DirecTV for deceptive advertising.

The American direct broadcast satellite service provider has been charged for deceptively advertising a discounted 12-month programming package, said FTC.

It also said that company is facing these charges because it failed to clearly disclose the norm that the package needs to have a two-year contract.

DirecTV also failed to clearly disclose that cost of the package will increase up to USD 45 per month in the second year. It also didn’t disclose the fact that early cancellation fees of up to USD 480 apply if consumers cancel the package before the end of the two-year period, the agency said.

Alibaba to invest $200 million in SnapChat

Chinese e-commerce company Alibaba has planned to invest about $200 million in SnapChat, a photo messaging application that allows users to share self-destructing photos. The application is currently banned in China. According to an individual at Alibaba familiar with the deal, Imran Khan was the key to the deal. Imran Khan was hired by Snapchat as Chief Strategy Officer in December 2014.

Programme aimed to Address key Risk Factors for Age-Related Dementia may Prove Helpful

Mental decline in elderly can be slowed if they include regular walk, healthy food, and proper management of metabolic and vascular risk factors in their routine.

In the Finnish Geriatric Intervention Study to Prevent Cognitive Impairment and Disability (FINGER), study researchers evaluated the effects of a comprehensive intervention on brain function. The intervention was designed with an aim to address some of the most vital risk factors linked to age-related dementia, like high body-mass index and heart health.

Pages

News in Focus

Power Grid Corporation Share Price Target at Rs 350: ICICI Securities

ICICI Securities has maintained its BUY call on Power Grid Corporation of India, trimming its target price to Rs 350 from Rs 360, which implies about 35% upside from the current market price of Rs

State Bank of India (SBI) Share Price Target at Rs 1,300: ICICI Securities

ICICI Securities has maintained its BUY call on State Bank of India with an unchanged target price of Rs 1,300, implying about 34% upside from the current market price of Rs 970.

Trent Share Price Target at Rs 3,600: ICICI Securities

ICICI Securities has a BUY rating on Trent with a 12-month target price of Rs 3,600, about 18-19% above the current market price of Rs 3,040.

Waaree Energies Share Price Target at Rs 2,908: Joindre Capital Stock Research Report

Joindre Capital Services has kept its BUY rating on Waaree Energies with a target price of Rs 2,908, about 26.2% above the current market price of Rs 2,304.

Asian Paints Share Price Target at Rs 2,740: ICICI Securities

ICICI Securities has a BUY rating on Asian Paints with a revised 12-month target of Rs 2,740, about 18% above the current market price of Rs 2,320.

Firstsource Solutions Share Price Target at Rs 360: ICICI Securities

ICICI Securities, through its ICICI Direct retail research desk, has maintained its BUY rating on Firstsource Solutions Ltd with a target price of Rs 360, implying about 18% upside from the current