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Brown Shoe profit boosted by wholesale business

Brown Shoe Co. said its fiscal second-quarter profit rose 18% after its wholesale business and Famous Footwear chain reported higher sales.

The company’s per-share earnings outpaced market expectations, leading Brown Shoe to raise its outlook for the year. It now expects earnings between $1.50 and $1.60 a share, up from its prior forecast of $1.47 to $1.57 a share. It backed its revenue outlook.

Brown Shoe, which operates more than 1,200 stores, is in the midst of a three-year revamp spurred by lackluster sales at its discount-footwear chain, Famous Footwear. The plan includes closing struggling stores and ridding itself of some assets.

At Famous Footwear, quarterly sales edged up 1.4% to $393.6 million. The wholesale unit’s sales climbed 7.7% to $194.3 million, while specialty retail sales fell 9.5% to $48 million.

Famous Footwear sales, excluding newly opened or closed stores, ticked up 1.6%, with performance during the quarter driven by canvas products. During the period, the company closed or relocated 16 stores and added 17 new stores.

For the quarter ended Aug. 2, Brown Shoe reported earnings of $18.1 million, or 41 cents a share, up from $15.4 million, or 35 cents a share, a year earlier. Excluding charges related to business exits, cost reductions and other items, earnings were 33 cents a share last year.

Sales rose 2.3% to $635.9 million. Analysts polled by Thomson Reuters expected earnings of 35 cents a share on revenue of $638 million.

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Brown-Forman misses profit, sales forecasts

Brown-Forman Corp. said its first-quarter profit rose 5%, driven by strong sales growth of its Jack Daniel’s brand and higher sales in emerging markets.

Results for the maker of Jack Daniel’s whiskey, however, fell short of market expectations. The weaker-than-expected results were largely a result of pricing decisions that led to a reduction in distributor and retail inventory in the U.S. and Europe, the company said.

Chief Executive Paul Varga said he still expects higher rates of sales growth for the rest of the year, led by Jack Daniel’s.

Brown-Forman, like competitor Beam Inc., has posted generally strong financial performance as spirit makers benefit from growing U.S. demand for whiskey and bourbon. The increased demand for whiskey and bourbon has translated into a thirst for deal-making in the spirits industry, particularly a $16 billion deal in which Japan’s Suntory Holdings Ltd. agreed to buy Beam earlier this year.

For the quarter ended July 31, the company reported a profit of $150 million, or 70 cents a share, up from $143 million, or 66 cents a share, a year earlier. Selling, general and administrative costs rose 9% to $170 million.

Sales grew 3% to $921 million, driven by the Jack Daniel’s trademark and sales in developing economies. Analysts polled by Thomson Reuters had expected a profit of 72 cents a share on revenue of $934 million.

Sales of the Jack Daniel’s trademark grew 4% on a fully reported basis, while sales of Jack Daniel’s Tennessee Honey soared 35%. Sales in emerging markets, including Turkey, Russia, Brazil and Indonesia, jumped 10% during the quarter.

The company also backed its financial outlook for the year.

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Greif cuts outlook on higher costs, weaker results

Greif Inc. on Monday cut its earnings outlook as the industrial-packaging company pointed to higher expenses and weaker-than-expected operational results for the rest of the year.

Class A shares of Greif fell 12% in recent premarket trading.

The company now projects $1.98 to $2.08 a Class A share in earnings for the fiscal year, compared with its earlier guidance of $2.48 to $2.80 a Class A share.

Greif also said it expects to write down $48.4 million for its third quarter, stemming from its “actions to strengthen its business portfolio.” The write-downs aren’t reflected in the company’s revised projection.

Greif had said in June, when it previously cut its earnings outlook, that it expected the “slow motion global economic recovery” to continue during the rest of its fiscal year. That, in turn, would result in moderate improvement in sales volume and slight increases in raw material costs in certain of its regions, the company said.

Greif also said at the time that it was pursuing plans to speed up its restructuring while exploring the sale of noncore businesses.

The company said later in June that it would close its Flexible Products & Services plant in Saudi Arabia by the end of August, and reallocate equipment to other facilities run by the Greif FPS joint venture with National Scientific Co. Ltd.

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Regado Biosciences terminates blood-clot drug study

Regado Biosciences Inc. said Monday that it had terminated the late-stage trial testing of its lead program’s efficacy in fighting coronary artery disease, sending the company’s shares down 26% in premarket trading.

The company RGDO, -59.16% said the study’s data and safety-monitoring board “indicated that the level of serious allergic adverse events associated with Revolixys was of a frequency and severity such that they recommended that we do not enroll any further patients in the Regulate-PCI trial.”

Regado said it expects to take several months performing a complete review of the study’s database.

The company—whose shares were already down 40% so far this year through Friday’s close—had paused the Phase 3 study of its Revolixys system in early July for an independent board’s safety review.

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Technology Applications International Corp – NUUU

Technology Applications International Corporation’s primary business is the production, distribution, marketing and sales of skin care products and the marketing of environmental management solutions, through two wholly owned subsidiaries.


Available now, RE’JUVEL brand of revolutionary anti-aging facial cream, created utilizing a NASA patented technology, licensed from the National Aeronautics and Space Administration and Administrators of the Tulane Educational Fund under U.S. Patent No. 6,730,498, that trigger the multiplication of human fibroblast skin cells that rebuild your skin for a firm, healthy and youthful appearance.

To purchase RE’JUVEL products or for more information, visit

Space Science Technology

Some of the technology behind their products is born of the work and experiments of Dr. David Wolf, an American astronaut, medical doctor and electrical engineer. In September of 1997, Dr. Wolf flew aboard Space Shuttle Atlantis on STS-86.

Atlantis docked with the Russian Space Station Mir on September 27 and Dr. Wolf began his 128 day stay aboard, the space station where he conducted a number of experiments and studies including those pertaining to advanced microgravity tissue engineering techniques.

In 2013, Renuèll entered into an agreement by and amongst the National Aeronautics and Space Administration and the Administrators of the Tulane Educational Fund for the use of U.S. Patent No. 6,730,498 B1, titled “Production of Functional Proteins: Balance of Shear Stress and Gravity.” RE’JUVEL proudly displays the seal of the Space Foundation on their skin care products.


Through NueEarth Inc., their wholly owned subsidiary, we also specialize in environmental management solutions and water purification techniques using their mobile electron beam accelerator unit which purifies contaminated water by creating high energy electrons that produce free radicals in the wastewater leading to decomposition of organic compounds or pollutants. We plan to develop various applications that will take advantage of the electron beam particle accelerator technology for the removal of pollutants from wastewater, drinking water, municipal sludge and water that’s contaminated by the fracking process


Q: Is Technology Applications International Corporation a publicly traded company?
A: Yes, the common stock of Technology Applications International Corporation is traded on the NASDAQ Over The Counter Bulletin Board (OTCBB).

Q: What is the company’s stock or “ticker” symbol?
The Company’s ticker symbol is “NUUU.”

Q: What is the basic structure of the Company’s operations?
The Company operates through two wholly owned subsidiaries, NueEarth, Inc. and Renuéll Int’l, Inc.

Q: What is RE’JUVEL?
RE’JUVEL is the Company’s registered trademark. Renuéll Int’l, Inc. markets its line of space certified cosmetics under the brand name RE’JUVEL.

Q: What does it mean to be a “Space Certified Product?”
Over the last fifty years, many of the technologies developed to help get us “out there” have come home to help improve life for all of us here on Earth. As part of the Space Foundation mission to advance space-related endeavors to inspire, enable, and propel humanity, the Space Certification Program was created in cooperation with NASA to help improve public awareness and appreciation of the many practical benefits that we enjoy thanks to space technology.

The Space Certification Program awards a “seal of approval” to companies whose products and services can demonstrate a viable link to the space program. Often referred to as “spinoffs”, there are literally thousands of products and services that incorporate space technology including satellite television and radio, Global Positioning System (GPS) navigation, cellular communications, advanced industrial lubricants, robotics, plastics, and a long list of life improving and life saving medical technologies.

Certified products often set the standard for innovation, comfort, convenience and dependability. Licensed use of the seal allows the companies that produce and market these outstanding products to more closely tie their business to the excitement of space while helping inform the public of how space exploration directly benefits life for all of us right here on Earth.

Q: How can I buy RE’JUVEL products?
RE’JUVEL’s space certified breakthrough anti-aging face cream is available for purchase through

Q: How can I buy Technology Applications International Corporation stock?
You can buy shares of NUUU through any registered broker/dealer, electronic communication network (ECN) or other alternative trading systems (ATS) regulated by the Securities and Exchange Commission. Technology Applications International Corporation does not have a direct stock purchase plan.

Q: Where is Technology Applications International Corporation located?
The address of our corporate headquarters is:

Technology Applications International Corporation
18851 NE 29th Avenue, Suite 700
Aventura, FL 33180

Q: Does Technology Applications International Corporation pay a dividend?
Technology Applications International Corporation board of directors has not approved the distribution of dividends to date.

Q: How can I get Technology Applications International Corporation financial statements?
You may access our SEC filings by clicking here or by going to the Securities & Exchange Commission’s web site at

Q: How do I contact Technology Applications International Corporation Investor Relations?
Contact Investor Relations at (800) 670-0448 or by e-mail at

Q: I am a current shareholder, how may I obtain more information about Technology Applications International Corporation?
Since Technology Applications International Corporation is a publicly traded company, shareholder information is distributed only through press releases, our website or through the SEC website. For questions of a more general nature, you may also inquire or call (800) 670-0448.

Q: Where can I find information about Technology Applications International Corporation’s management team?
You may refer to our Management Team page on our website.

Q: Who is the transfer Agent for NUUU common stock?
The transfer agent for NUUU common stock is VStock Transfer, LLC.

Q: How do I change the address on my shareholder account?
Through the transfer agent, VStock Transfer, LLC. They may be reached by telephone at (212) 828-8436, or through ther website.

Q: Who can I contact for information about doing business with the Company?
You may reach us for all business matters through the email address or by telephone at (800) 670-0448.

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Target lowers outlook, reeling from data breach

Target Corp. lowered its outlook for the year, still reeling from the massive data breach of its customers’ credit and debit card information and slower customer traffic at its stores.

The results highlight the challenges facing new Chief Executive Brian Cornell who joined the company last week.

The big-box retailer, which also posted a 62% decline in earnings for its second quarter, has been trying to bounce back from the data breach over the holiday season. The company booked expenses tied to the fumble of $148 million in the latest quarter, including an increase to the accrual for what the company believes to be the vast majority of claims tied to the breach.

“While results from the quarter didn’t meet our expectations, we are seeing some early signs of progress as we work to improve results in the U.S. and Canada,” Chief Financial Officer John Mulligan said. “In the U.S., traffic trends continue to recover and monthly sales are improving. Better U.S. sales have continued into August, driven by early back-to-school results.”

For the year, Target expects per-share earnings of $3.10 to $3.30, versus prior guidance of $3.60 to $3.90. Target, meanwhile, forecast per-share earnings of 40 cents to 50 cents for the current quarter, well below analyst estimates of 65 cents.

The company had lowered its outlook for the second quarter earlier this month, pointing to promotional markdowns at its U.S. stores and softer-than-expected sales in Canada.

Overall, Target reported earnings for the quarter ended Aug. 2 of $234 million, or 37 cents a share, down from $611 million, or 95 cents a share, a year earlier. Excluding data breach expenses, early debt retirement losses and other items, earnings declined to 78 cents a share from 98 cents.

Target’s adjusted earnings matched its lowered outlook. The company had said it expected results to take a hit from early debt retirement losses and a write-down on undeveloped land, among other items.

Sales edged up 1.7% to $17.41 billion, topping the $17.38 billion expected by analysts polled by Thomson Reuters.

Target had previously reported sales excluding newly opened and closed locations were essentially flat at the U.S. segment during the quarter, though margins were lower than expected thanks to promotional markdowns as guests continued to spend cautiously and focused on value. Transactions declined 1.3%, a slight improvement from the first quarter.

In Canada, the company pointed to somewhat softer-than-expected sales, combined with the impact of continued investments to clear inventory.

Target has been reeling since it disclosed the data breach. Chief Executive Gregg Steinhafel was ousted earlier this year, and the company recently appointed Mr. Cornell, a former PepsiCo Inc. executive, to take over and right the ship.

Mr. Cornell, who also worked at Target rival Wal-Mart Stores Inc., is the first outsider to take the top post at Target. He will need to repair Target’s battered corporate culture and devise a strategy to reverse more than a year of falling store traffic as customers do more shopping online and make fewer trips to big-box stores.

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American Eagle profit slides but tops estimates

American Eagle Outfitters Inc. AEO, +11.99% on Wednesday said its fiscal second-quarter earnings slid 70%, as the teen apparel retailer’s same-store sales slumped.

For the period ended Aug. 2, American Eagle reported a profit of $5.81 million, or 3 cents a share, down from $19.6 million, or 10 cents a share, a year earlier. The company had projected roughly break-even results.

Revenue fell 2% to $710.6 million, higher than analysts’ forecast for $690 million. Sales at comparable locations, which includes online sales, fell 7% in the quarter on top of an equal decrease a year earlier.

Gross margin fell to 33.4% from 33.8%.

“Although the second quarter results were slightly ahead of our expectations, they do not reflect our potential,” interim Chief Executive Jay Schottenstein said. He added, however, that the company successfully cleared through spring and summer merchandise and enters the second half of the year in a “good inventory position.”

Shares rose about 10% in premarket trading.

American Eagle has been hit by weak mall foot traffic and intense price competition this year, leading the teen retailing chain in May to unveil plans to shutter 150 North American stores over the next three years in an effort to trim expenses. The company also said it is keeping a close eye on the performance of another 300 stores that have leases expiring over the period.

Teen retailers such as American Eagle have been under pressure from bargain-hunting consumers and deep discounts, as well as stiff competition from the growth of fast-fashion rivals like Forever 21 Inc. and Swedish retailer Hennes Mauritz AB, known as H&M.

For the current quarter, the company projected per-share earnings between 17 cents and 19 cents on a mid-single-digit decline in same-store sales. Analysts polled by Thomson Reuters recently expected earnings of 18 cents a share.

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Australia’s QBE plans shake-up after profit sinks

MELBOURNE, Australia– QBE Insurance Group Ltd. plans to sell its U.S. underwriting agency businesses and raise roughly $750 million as part of an overhaul of the Australian company that follows an 18% decline in profit.

The insurer said Tuesday it would also create a joint-venture structure for two of its Australian agency businesses, as it completes the sale of other operations in central and Eastern Europe. In addition, the company plans an initial public offering off QBE LMI, a specialist Australian mortgage insurer next year.

QBE said it would undertake an equity raising of about $750 million, which will largely be used to repurchase and cancel the outstanding $500 million of its convertible subordinated debt, and to borrow $700 million to replace senior debt.

Net profit fell to $392 million in the six months through June from $477 million a year earlier, in line with guidance given two weeks ago when the company warned it would have to raise reserves against possible payouts from rising worker-compensation claims in Argentina.

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Urban Outfitters profit falls on higher expenses

Urban Outfitters Inc.’s fiscal second-quarter profit fell 12% as the retailer reported higher expenses and sales at its namesake brand continued to fall. Sales at the Philadelphia retailer’s teen- and young-adult-oriented namesake locations have been hurting, even as Free People and Anthropologie stores have posted strong growth.

Comparable retail segment sales, which includes catalog and online sales, fell 10% year-over-year at Urban Outfitters stores but jumped 21% and 6%, respectively, at Free People and Anthropologie, which account for a cumulative 58% of the company’s revenue. Overall, same-store sales were flat from the year-earlier period.

Retailers that cater to teens and young adults have been hurt by stiff competition from so-called fast-fashion retailers like Forever 21 Inc. and H&M Hennes Maurtiz AB that are able to respond rapidly to the latest styles on demand. Urban Outfitters, however, targets an older, more sophisticated clientele and has also benefited from a stronger e-commerce operation.

Overall, for the period ended July 31, Urban Outfitters posted a profit of $67.5 million, or 49 cents a share, down from $76.4 million, or 51 cents a share, a year earlier.

Revenue rose 7% to $811.3 million.

Analysts polled by Thomson Reuters had expected a per-share profit of 49 cents and sales of $804.7 million.

Gross margin narrowed to 37.4% from 39.3%, primarily due to the weaker results at the Urban Outfitters brand.

Selling, general and administrative expenses jumped 11%, which the company attributed to increased marketing and technology expenses.

As of July 31, inventory increased by $15 million, or 4% year-over-year, which the company attributed mostly to the stocking of new and noncomparable stores.

During the period, the company opened 14 new stores, including seven Free People stores and four Anthropologies stores.

Shares slipped 2% to $36.41 in recent after-hours trading. Through Monday’s close, the stock has fallen 0.49% since Jan. 1.

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Panther Energy Inc – PNEG

Oil and Gas Exploration

Panther Energy, Inc is a development stage oil and gas exploration and production company focused on developing properties in North America. Panther Energy, Inc plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties.

Through improvements in oil and gas production technologies, we seek to rapidly increase production levels and generate predictable, sustainable value. Adhering to our narrow, clearly defined strategy, we are focused on 100% acquisitions and joint-ventures to maximize our production capacity.

Powder River Basin

The Powder River Basin of Wyoming, particularly where the objective oil-bearing formations are less than 2,500 feet below the surface is the area of interest. However, other prospective areas in Wyoming and South Dakota will be studied as well. In general, prospects will be direct offsets to former production or to wells with very good oil and gas shows. The expected lower API gravities of the oil will require secondary recovery via water, gas or other floods including steam or fire flooding. Also, new methods of radial horizontal drilling in the reservoirs will be utilized.

Evergreen, which has over 150 years of experience in the oil and gas industry, will be the General Manager of the Exploration Project. Evergreen will be responsible for selecting areas to lease, drilling exploratory wells, drilling development wells, and producing oil and gas found. Evergreen has conducted and will continue to conduct both regional and local geological studies to define prospects that are worthy of acquiring oil and gas leases. Preliminary examinations of title to the minerals in these selected areas and the acquisition of said leases will be carried out for and on behalf of Panther and Evergreen (”the Parties”) by Pacer Energy LLC (”Pacer”) of Gillette, Wyoming.

The Operator of the drilling venture will be L & J Operating Inc. of Gillette, Wyoming, which will be responsible for obtaining the required bonds, preparing the Joint Operating Agreement A.A.P.L. Form 610 – 1989, selecting all contractors and suppliers, payment of all invoices, sale of produced oil, payment of Ad Valorem, conservation, severance taxes and payment to the Parties of their net income on a monthly basis. Innocent will engage engineering and geological consultants as required. All the activities of the Operator shall be under the supervision of Evergreen and INCT, including daily and other interval reports.

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