Court Asks Michigan Seafood Firm To Take Food Sanitation Seriously

Egyptian security raids Turkish news agency office in Cairo: agency

CAIRO (Reuters) – Egyptian security forces raided the office of the Turkish state-run Anadolu news agency in Cairo on Thursday and detained four of its staff, the agency said on Twitter.

A spokesman for interior ministry was not immediately available for comment.

Russia’s government resigns as President Putin proposes changes to the constitution

Russia’s government has resigned to allow President Vladimir Putin to make significant changes to the constitution.

The 67-year-old has been in the top job for 20 years, longer than any other Russian or Soviet leader since Josef Stalin.

More follows…

PNC Financial Services Group Inc. Profit Advances In Q4

PNC Financial Services Group Inc. (PNC) revealed earnings for its fourth quarter that advanced from last year.

The company’s earnings came in at $1.30 billion, or $2.97 per share. This compares with $1.27 billion, or $2.75 per share, in last year’s fourth quarter.

Analysts had expected the company to earn $2.93 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 6.2% to $4.61 billion from $4.34 billion last year.

PNC Financial Services Group Inc. earnings at a glance:

-Earnings (Q4): $1.30 Bln. vs. $1.27 Bln. last year.
-EPS (Q4): $2.97 vs. $2.75 last year.
-Analysts Estimate: $2.93
-Revenue (Q4): $4.61 Bln vs. $4.34 Bln last year.

NY Fed accepts $47.5 billion overnight repo bids

BOSTON (Reuters) – The New York Federal Reserve said on Wednesday it accepted $47.5 billion in overnight bids from primary dealers in a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within its target range.

Van Jones Delivers Ominous 2020 Warning To Democrats After ‘Dispiriting’ Debate

Van Jones issued a warning to the Democratic presidential candidates: You’re going to have to do a whole lot better if you hope to beat President Donald Trump in this year’s election. 

The CNN commentator called Tuesday night’s debate “dispiriting,” especially the clash between Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.). The two progressive candidates have stepped up their hostilities in recent days after Warren said Sanders told her in 2018 that he did not believe a woman could beat Trump.

Sanders denied making the comment.

“Democrats got to do better than what we saw tonight,” Jones said. “There was nothing I saw tonight that would be able to take Donald Trump out, and I want to see a Democrat in the White House as soon as possible.” 

He added: 

There was nothing tonight, if you’re looking at this thing, to say any of these people are prepared for what Donald Trump is going do to us. And to see further division tonight is very dispiriting. 

In a tweet, Jones also called the debate “cold oatmeal.”

Trump seemed to appreciate Jones’ comments; overnight, he retweeted them.

See more of Jones’ observations below:

NY Fed accepts $47.5 billion overnight repo bids

BOSTON (Reuters) – The New York Federal Reserve said on Wednesday it accepted $47.5 billion in overnight bids from primary dealers in a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within its target range.

Goldman Sachs Group Inc. Earnings Decline In Q4

Goldman Sachs Group Inc. (GS) announced a profit for fourth quarter that decreased from last year.

The company’s profit came in at $1.72 billion, or $4.69 per share. This compares with $2.32 billion, or $6.04 per share, in last year’s fourth quarter.

Analysts had expected the company to earn $5.46 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 23.3% to $9.96 billion from $8.08 billion last year.

Goldman Sachs Group Inc. earnings at a glance:

-Earnings (Q4): $1.72 Bln. vs. $2.32 Bln. last year.
-EPS (Q4): $4.69 vs. $6.04 last year.
-Analysts Estimate: $5.46
-Revenue (Q4): $9.96 Bln vs. $8.08 Bln last year.

US Bancorp Earnings Decline In Q4

US Bancorp (USB) revealed a profit for fourth quarter that decreased from last year.

The company’s profit came in at $1.41 billion, or $0.90 per share. This compares with $1.78 billion, or $1.10 per share, in last year’s fourth quarter.

The company’s revenue for the quarter fell 2.7% to $5.67 billion from $5.83 billion last year.

US Bancorp earnings at a glance:

-Earnings (Q4): $1.41 Bln. vs. $1.78 Bln. last year.
-EPS (Q4): $0.90 vs. $1.10 last year.
-Revenue (Q4): $5.67 Bln vs. $5.83 Bln last year.

Court Asks Michigan Seafood Firm To Take Food Sanitation Seriously

A federal court in eastern Michigan ordered a Hamtramck, Michigan-based manufacturer of ready-to-eat seafood salads as well as pierogis and dips to stop production citing “insanitary conditions.”

At the request of the U.S. Food and Drug Administration, the Justice Department alleged that defendants Home Style Foods Inc. violated the Food, Drug and Cosmetic Act by processing and distributing fish products and other food, including salads, pierogis, and dips, in a facility where government inspectors previously found evidence of listeria contamination.

According to the complaint, FDA issued a warning letter to Home Style Foods in April 2016.

“The Department of Justice is committed to safeguarding consumer health by rigorously enforcing America’s food safety laws,” said Assistant Attorney General Jody Hunt for the Justice Department’s Civil Division. “We will continue to work with FDA to ensure that companies take food sanitation and safety laws seriously.”

“Michigan’s food supply should always be safe, and that is why the Justice Department takes this case so seriously,” said U.S. Attorney Matthew Schneider for the Eastern District of Michigan. “There simply is no excuse for serving contaminated food products.”