Analysis: What Saad Hariri's resignation means for Lebanon

Al Jazeera’s senior political analyst Marwan Bishara discusses Lebanon’s PM Saad Hariri’s resignation amid mass protests.

Lebanese Prime Minister Saad Hariri says he will submit his resignation to the country’s president following days of anti-government protests.

Hariri says he has reached a “dead-end” after unprecedented protests paralyzed the country.

Lebanese took to the streets to celebrate his resignation.

Al Jazeera’s senior political analyst Marwan Bishara reports from London.

British lawmakers reject changing proposed election date to Dec. 9

LONDON, Oct 29 (Reuters) – British lawmakers rejected on Tuesday opposition parties’ demands to change the date of the proposed early election to Dec. 9.

Some 315 lawmakers voted against moving the date of the election and 295 voted in favour. (Reporting by Andrew MacAskill, editing by Elizabeth Piper)

Nike to sell Hurley brand to Bluestar Alliance

Nike Inc. NKE, -1.73% said late Tuesday that it has agreed to sell its Hurley brand to Bluestar Alliance LLC for an undisclosed sum. Nike stock ticked down less than 0.1% in after-hours trading. The sale is expected to close in December. Bluestar alliance is a brand management company.

Global Warming Will Drown Bangkok, Shanghai, Mumbai

Scientists have dramatically underestimated the impact rising seas will have on cities around the world, according to research published in the journal Nature Communications on Tuesday. 

One hundred and fifty million people are currently living in places that will be below the high-tide line in 30 years —  three times as many people as the old projection methods estimated. 

Previous estimates relied on satellite data to forecast sea-level rise, but satellites can’t distinguish between ground level and taller elements integrated into the landscape, like trees and buildings. The paper, authored by Scott Kulp and Benjamin Strauss of the Princeton, New Jersey-based nonprofit Climate Central, used artificial intelligence to identify errors in the data and correct them. 

Their model paints a grim picture: whole swaths of Vietnam, Thailand, coastal China, India, Egypt and Iraq swallowed by ocean. Where previous estimates showed one percent of Thailand’s population would live in areas under water by 2050, the revised estimates puts the figure closer to 10 percent. In Vietnam, a quarter of the country’s residents — 20 million people — presently live in areas that will be flooded at high tide. Almost all of Mumbai, where 1.6 percent of India’s population lives, will be inundated. 

C.H. Robinson Worldwide Inc. Bottom Line Retreats In Q3

C.H. Robinson Worldwide Inc. (CHRW) revealed a profit for third quarter that declined from the same period last year.

The company’s bottom line came in at $146.89 million, or $1.07 per share. This compares with $175.90 million, or $1.25 per share, in last year’s third quarter.

Analysts had expected the company to earn $1.14 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 $3.86 billion from $4.29 billion last year.

C.H. Robinson Worldwide Inc. earnings at a glance:

-Earnings (Q3): $146.89 Mln. vs. $175.90 Mln. last year.
-EPS (Q3): $1.07 vs. $1.25 last year.
-Analysts Estimate: $1.14
-Revenue (Q3): $3.86 Bln vs. $4.29 Bln last year.

NIKE, Inc. To Sell Hurley Brand – Quick Facts

NIKE, Inc. (NKE) announced a definitive agreement to sell the Hurley brand to Bluestar Alliance LLC. Hurley designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories.

Michael Spillane, President of Categories and Product, NIKE, said: “As we drive increasingly more targeted investment and focused growth through Nike’s Consumer Direct Offense, this change in ownership will allow sharper focus and intentional investment in Hurley’s growth potential.”

Bluestar Alliance was founded in 2006 by Joseph Gabbay and Ralph Gindi. It owns,
manages, and markets a portfolio of consumer brands.

Genworth Financial Inc. Bottom Line Falls In Q3

Genworth Financial Inc. (GNW) revealed a profit for third quarter that decreased from last year.

The company’s earnings came in at $18 million, or $0.04 per share. This compares with $146 million, or $0.29 per share, in last year’s third quarter.

Analysts had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 3.6% to $2.02 billion from $1.95 billion last year.

Genworth Financial Inc. earnings at a glance:

-Earnings (Q3): $18 Mln. vs. $146 Mln. last year.
-EPS (Q3): $0.04 vs. $0.29 last year.
-Analysts Estimate: $0.30
-Revenue (Q3): $2.02 Bln vs. $1.95 Bln last year.

Big Five stock surges more than 25% as earnings double

Big Five Sporting Goods Corp. BGFV, -7.31%, a retail chain that has seen its market value decimated in recent years, surged more than 25% in late trading Tuesday after quarterly earnings doubled from the year before. Big Five reported third-quarter earnings of $6.4 million, or 30 cents a share, up from 15 cents a share a year ago, even though sales stayed almost the same: net revenue was $266.2 million, down slightly from $266.4 million a year ago. Chief Executive Steven Miller noted that it was the healthiest third-quarter gross margins since the company went public in 2002. "The increase reflects a shift in sales mix toward higher-margin products along with the successful impact of our efforts to optimize pricing and promotions," he said in a statement. Big Five shares fell 7.3% to $2.41 a share in the regular session, then jumped to more than $3 a share in after-hours trading after the results were released.