Are those fake Lamborghinis and Bugattis sold online just about fun? Or is it fraud?

PetMed Express Q2 Profit Declines – Quick Facts

PetMed Express Inc. (PETS) reported that its second-quarter net income declined to $6.7 million or $0.33 per share from $10.8 million or $0.52 per share last year.

Net sales for the quarter dropped to $69.9 million, from $71.4 million in the previous year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share and revenues of $69.65 million for the quarter. Analysts’ estimates typically exclude special items.

The Board declared a quarterly dividend of $0.27 per share. The dividend will be payable on November 15, 2019, to shareholders of record at the close of business on November 4, 2019.

Lebanon government agrees reforms, debating last point related to power sector: presidency

BEIRUT (Reuters) – Lebanon’s cabinet is discussing the last point related to the power sector in a list of reforms after agreeing all the others, the president’s office said on Monday.

The government convened to approve a reform package, including halving ministers’ wages, in a bid to defuse the biggest protests against the country’s ruling elite in decades.

Power sector reform is one of the biggest issues the government is tackling.

US 'happy' to do UK deal 'very quickly': Ross

Ross: We’re happy to do a deal very quickly with the UK

Commerce Secretary Wilbur Ross discusses the potential of a trade deal with the U.K. following Brexit.

Commerce Secretary Wilbur Ross told FOX Business that the U.S. is enthusiastic about doing a trade deal “very quickly” with the U.K. as soon as the nation exits the European Union.

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“We have made very clear to Boris Johnson and to the others there that we are happy to do a deal very quickly with the U.K.,” he told Maria Bartiromo on Monday, adding that “the issues between U.S. and U.K. are far smaller than the issues between either of us in the EU."

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The Parliament and U.K. postponed the decision on whether to back Prime Minister Boris Johnsons deal to leave the European Union. The Brexit deadline is October 31st.

Ross believes it would be better because Europe would have to deal with the combination of the U.S. and the U.K., he said.

"So that's a natural deal," Ross said.

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Thailand's king strips 'disloyal' royal consort of titles, military ranks: palace statement

BANGKOK (Reuters) – Thailand’s King Maha Vajiralongkon has stripped his royal consort of her titles and military ranks, a palace statement said on late Monday.

Sineenat Wongvajirapakdi, 34, had breached a code of conduct for courtiers and was disloyal to the king, the statement said.

The announcement came just months after she was appointed the Royal Noble Consort by the king in July.

UPDATE: Apple target price boosted to Street-high target at Raymond James

Raymond James analyst Chris Caso became more bullish on Apple Inc. shares AAPL, +0.48% on Monday, boosting his target price to $280 from $250 while maintaining an outperform rating. Caso sees "more stable near-term conditions" for Apple, including encouraging iPhone 11 channel checks. His new target is the highest listed on FactSet. Amid reports that the company plans to launch a new low-end SE model early next year, Caso argues that Apple will be able to "create a bridge to the 5G cycle," which will "continue to squeeze shares higher," in his view. "We increasingly view the 5G opportunity as a two-year cycle, with 5G representing an estimated 40% of mix in the fall 2020 cycle, growing to the vast majority in the 2021 cycle," Caso wrote of his longer-term expectations. Apple shares are up 0.6% in premarket trading Monday. The stock has risen 17% over the past three months, as the Dow Jones Industrial Average DJIA, -0.95% has dropped 1.4%.

Halliburton Company Q3 Profit Retreats

Halliburton Company (HAL) revealed earnings for third quarter that dropped from last year.

The company’s earnings came in at $295 million, or $0.34 per share. This compares with $435 million, or $0.50 per share, in last year’s third quarter.

Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 10.0% to $5.55 billion from $6.17 billion last year.

Halliburton Company earnings at a glance:

-Earnings (Q3): $295 Mln. vs. $435 Mln. last year.
-EPS (Q3): $0.34 vs. $0.50 last year.
-Analysts Estimate: $0.34
-Revenue (Q3): $5.55 Bln vs. $6.17 Bln last year.

Are those fake Lamborghinis and Bugattis sold online just about fun? Or is it fraud?

Randy Morrow, a retired police officer in Tennessee, is selling what appears to be a sleek 2010 Lamborghini Murcielago for a “reasonable” price: $40,000.

It’s a great deal for a car that typically costs over $200,000 and has all the exotic details you’d expect from a luxury automaker. It’s aggressive-looking, with sharp angles and dramatic scissor doors. The coupe sits low and wide, and it has a candy-colored paint job. 

Only the car is not a real “Lambo.”

It’s what’s referred to as a “replica” or “kit car” among a niche community of auto enthusiasts who cobble together parts from various sources to construct imitations of head-turning sports cars and luxury vehicles. Building these faux cars is legal too, as long as you aren’t passing them off as the real thing or selling them in large numbers. 

Morrow opted to list the carbon copy on LamborghiniReplicas.com, one of many websites where unique replicas and luxury car parts await eager buyers who want the prestige of owning an exclusive ride without shelling out hundreds of thousands of dollars. Replicas sell for as low as $20,000 and run up to six figures.

Taycan 4S: Porsche expands its electric family

It’s a bird, it’s a plane, it’s a car: Porsche, Boeing pair up to work on flying vehicles