Oil prices fall as U.S. crude inventories rise further

U.S. crude stocks USOILC=ECI rose by 564,000 barrels in the week to Feb. 17, the Energy Information Administration (EIA) said, though the increase was less than the 3.5 million barrels expected by analysts. [EIA/S] The continued rise in U.S. inventories comes as members of the Organization of the Petroleum Exporting Countries (OPEC) and other producers have cut output. The United States, which is not part of the deal, continues to ramp up production. Analysts at ING said they expect U.S. output to keep rising while prices remain strong enough to encourage further drilling. click Read More below for more of the story
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HPE Reports Fiscal 2017 First Quarter Results

First quarter net revenue of $11.4 billion was down 10% from the prior-year period and down 4% when adjusted for divestitures and currency. Enterprise Group revenue was $6.3 billion, down 12% year over year, down 6% when adjusted for divestitures and currency, with a 12.7% operating margin. Servers revenue was down 12%, down 11% when adjusted for divestitures and currency, Storage revenue was down 13%, down 12% when adjusted for divestitures and currency, Networking revenue was down 33%, up 6% when adjusted for divestitures and currency, and Technology Services revenue was down 2%, up 4% when adjusted for divestitures and currency. Enterprise Services revenue was $4.0 billion, down 11% year over year, down 6% when adjusted for divestitures and currency, with a 7.0% operating margin. Infrastructure Technology Outsourcing revenue was down 8%, down 7% when adjusted for divestitures and currency, and Application and Business Services revenue was down 17%, down 3% when adjusted for divestitures and currency. click Read More below for additional detail
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Gannett Distributes ‘Parade’ Magazine In Local Newspapers

Parade is partnering with Gannett, owner of USA Today, to have 21 of its local brands distribute Parade magazine in its Sunday newspapers starting March 5. The 21 brands range from The Arizona Republic to the Indianapolis Star. “This valuable partnership helps further Parade’s connection to local communities in key markets, such as our company headquarters in Nashville,” stated Dave Barber, EVP of newspaper relations for Parade’s parent company AMG/Parade. Parade magazine is currently distributed in over 645 newspapers across the country every Sunday. click Read More below for more of the story
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LSC Communications Reports Fourth-Quarter and Full-Year 2016 Results and Issues Full-Year 2017 Guidance

4Q 2016 Highlights: • Net sales of $919 million compared to $1.0 billion in the fourth quarter of 2015 • GAAP net income of $9 million, or $0.26 per diluted share • Non-GAAP net income of $15 million, or $0.48 per diluted share • Non-GAAP adjusted EBITDA of $80 million, or 8.7% of net sales, compared to $111 million, or 11.1% of net sales, in the fourth quarter of 2015 • Net cash provided by operating activities of $95 million • Non-GAAP free cash flow of $82 million. Full Year 2016 Highlights: • Net sales of $3.65 billion compared to $3.74 billion for full year 2015 • GAAP net income of $106 million, or $3.23 per diluted share • Non-GAAP net income of $121 million, or $3.69 per diluted share • Non-GAAP adjusted EBITDA of $370 million, or 10.1% of net sales, compared to $398 million, or 10.6% of net sales for full year 2015. click Read More below for additional detail
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Chico’s FAS, Inc. Reports Fourth Quarter and Fiscal Year 2016 Results

For the fourth quarter, net sales were $600.8 million compared to $631.6 million in last year's fourth quarter. This decrease of 4.9% included $16.8 million related to Boston Proper last year. When excluding Boston Proper from fiscal 2015, net sales decreased 2.3%, primarily reflecting a decline in comparable sales of 2.5%, comprised of reduced transaction count and an increase in average dollar sale. Fourth quarter average unit retail increased primarily due to a reduction in promotional activity. For fiscal 2016, net sales were $2.5 billion compared to $2.7 billion in fiscal 2015. This decrease of 6.9% included $87.0 million related to Boston Proper last year. When excluding Boston Proper from fiscal 2015, net sales decreased 3.8%, primarily reflecting a decline in comparable sales of 3.7%, comprised of reduced transaction count and lower average dollar sale. click Read More below for additional detail
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Cenveo Reports Fourth Quarter and Full Year 2016 Results

Fourth Quarter 2016 vs. Fourth Quarter 2015 Overview: •Net sales of $417.2 million compared to $479.0 million. •Net loss of $0.2 million compared to a net loss of $17.5 million. •Adjusted EBITDA of $32.5 million compared to $44.1 million. •Cash flow provided by operating activities of continuing operations of $36.0 million compared to $14.7 million. Full Year 2016 vs. Full Year 2015 Overview: •Net sales of $1.66 billion compared to $1.74 billion. •Net income of $67.9 million compared to a net loss of $30.9 million. •Adjusted EBITDA of $143.9 million compared to $158.0 million. •Cash flow provided by operating activities of continuing operations of $49.4 million compared to $16.2 million. click Read More below for additional detail
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Amazon Thanks Customers for #1 Corporate Reputation Ranking in 23,000 Person Harris Poll

For the second straight year, Amazon ranked #1 in the annual Harris Corporate Reputation Poll. Amazon has now ranked in the top 10 for nine straight years and this year earned a record-high score of 86.27 for the 18-year survey. The survey, conducted by Harris Poll, surveys more than 23,000 people across the U.S. on six dimensions of corporate reputation—Emotional Appeal, Workplace Environment, Products & Services, Financial Performance, Vision & Leadership, and Social Responsibility—and respondents rated Amazon “excellent” in all six. To thank customers, Amazon is offering a discount today of $8.62 on orders of $50 or more. Customers can take advantage of the discount by entering the code BIGTHANKS at checkout. click Read More below for more of the story
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Oil prices rise after report shows drop in U.S. stocks

Oil prices rose on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. Benchmark Brent crude oil LCOc1 was up 70 cents a barrel at $56.54 by 1025 GMT, recovering from a drop of 82 cents on Wednesday. U.S. light crude CLc1 was 70 cents higher at $54.29 a barrel. Both benchmarks are near the top of relatively narrow $4 ranges that have contained trade so far this year, reflecting a period of low volatility since the Organization of the Petroleum Exporting Countries and other exporters agreed to cut output. click Read More below for more of the story
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