Economy / 926

Indian government to do away with kerosene subsidies

August 03, 2017

The Government has earlier announced that the rate of the LPG cylinder would be raised slowly from March next year at the rate of Rs.4 per month until it reaches no subsidy. Kerosene and cooking gas are the only fuels which are subsidised by the government. This decision comes in line with the government's decision to raise rates every month to eliminate all subsidies by fiscal end.

Charter Communications, Inc. (CHTR) Upgraded by BidaskClub to "Strong-Buy"

August 03, 2017

Heading into the stock price potential, Carnival Corporation needs to grow just 5.22% to cross its median price target of $71. This target is based on CHTR trading at 10X'18 EBITDA (adding back NPV of NOL) and 20X '18 FCF vs. (NASDAQ:CHTR) was down -1.15% during the last trading session, with a day high of 392.96. The stock was acquired at an average cost of $326.31 per share, for a total transaction of $391,572.00.

Analysts Showing Optimistic Trends For Innoviva, Inc. (INVA)

August 03, 2017

Company fiscal year is ending in September and analysts' consensus recommendation is Outperform for AAPL and estimated EPS for next quarter is $ 1.57. Comerica Bank now owns 85,950 shares of the biotechnology company's stock worth $1,082,000 after buying an additional 3,673 shares during the period.

TTM Technologies' (NASDAQ:TTMI) "Hold" Rating Reiterated at Stifel Nicolaus

August 03, 2017

LSV Asset Management now owns 423,700 shares of the technology company's stock valued at $6,834,000 after buying an additional 116,700 shares during the period. WARNING: This piece of content was originally published by BBNS and is the property of of BBNS. If you are accessing this news story on another website, it was illegally copied and republished in violation of USA and worldwide copyright legislation.

United Parcel Service Inc

August 03, 2017

It has underperformed by 5.32% the S&P500. First Fiduciary Investment Counsel Inc who had been investing in United Parcel Service for a number of months, seems to be less bullish one the $96.42B market cap company. Seaport Global Securities now has a "Neutral" rating on the stock. Zacks upgraded United Parcel Service , Inc. (NYSE:UPS). Ferguson Wellman Capital Inc reported 5,390 shares.

Regions Financial Corporation (RF) Releases Earnings Results, Beats Expectations By $0.01 EPS

August 03, 2017

The legal version of this piece can be read at https://weekherald.com/2017/08/01/regions-financial-corporation-rf-receives-14-33-consensus-pt-from-analysts-updated.html. Boston Partners boosted its position in Regions Financial Corporation by 506.1% in the second quarter. The ex-dividend date is Thursday, September 7th.

Invesco Quality Municipal Income Trust (NYSE:IQI) to Issue $0.05 Monthly Dividend

August 03, 2017

Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Normal oscillations tend to stay in the range of -100 to +100. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold.

Wells Fargo & Company Reaffirms "Market Perform" Rating for Apache Corporation

August 03, 2017

Sumitomo Life Insurance Co.'s holdings in Apache Corporation were worth $1,226,000 at the end of the most recent quarter. Finally, Rothschild Investment Corp IL boosted its position in Apache Corporation by 36.1% in the first quarter. Investors of record on Friday, July 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. The stock declined 2.21% or $1.06 reaching $46.85 on the news.

Air Canada (TSE:AC) Price Target Raised to C$27.00

August 03, 2017

Air Canada was 85ft above the ground when they realized their potentially fatal error and powered the plane's thrusters to abort landing, narrowly passing over the four planes below. According to the safety board, a system created to monitor ground traffic at San Francisco lost the approaching A320 for about 12 seconds , only reappearing as it passed over the first airplane.

Marathon Oil Corporation (NYSE:MRO) Short Interest Update

August 03, 2017

The counter witnessed a trading volume of 0.21 million shares versus an average volume of 0.27 million shares during last trading session. 0 analysts call it Underweight, while 2 think it is Overweight. Currently, Marathon Petroleum Corp (MPC) has a 14-day ATR of 1.04. 25,814 are owned by Windward Ca. Since February 9, 2017, it had 1 buying transaction, and 5 insider sales for $4.03 million activity.

Dow Jones record burdens gold price

August 03, 2017

The Dow Jones Industrial Average rose 37.62 points, or 0.17 percent, to 22,001.54 as of 1743 GMT. Gold futures on the COMEX division of the New York Mercantile Exchange fell moderately on Wednesday as the Dow Jones Industrial Average reached a record high.

3D Systems Corporation (DDD) Investors Run for the Hills; Here's Why

August 03, 2017

If you are accessing this piece on another site, it was illegally stolen and republished in violation of USA and worldwide trademark and copyright legislation. It is now trading at $17.01 which is slightly below $19.05, the stock's 50 day moving average and a bit lower than the 200 day moving average of $17.54.

Canadian Natural Resources reports $1.07-billion second-quarter profit

August 03, 2017

The analysts noted that the move was a valuation call. Excluding items, it earned 29 Canadian cents per share, above analysts' average estimate of 26 Canadian cents, according to Thomson Reuters I/B/E/S. Canadian Natural Resources Limited's dividend payout ratio is now 888.89%. Finally, TD Securities lifted their target price on shares of Canadian Natural Resources Limited from C$50.00 to C$54.00 and gave the company a "buy" rating in a research note on Monday, June 5th.

Bremer Trust National Association Sells 1547 Shares of Constellation Brands Inc (STZ)

August 03, 2017

Goldman Sachs Grp Incorporated holds 728,656 shares. Thrivent Financial for Lutherans now owns 6,210 shares of the company's stock worth $952,000 after buying an additional 380 shares during the period. Aristotle Capital Boston Limited Com reported 0.87% stake. Utah Retirement Systems owns 0.12% invested in Constellation Brands, Inc . The stock market is still producing plenty of green arrows, and investors need to be able to capitalize.

Crews contain 20-acre grass fire in Oakland hills

August 03, 2017

According to television station CBS SFBay Area , the crew member lost his footing on at a fire near the Berkeley-Oakland border and fell down the hillside while scrambling to avoid the bees. Crews used air tankers and helicopters to fight the fire in its early stages. Around 1:30 a.m., Alameda County Fire Department officials announced on social media that the roadway would be closed to traffic until later today.

Sonic Mania Special Stages, Bonus Stages, and Time Attack Gameplay Revealed

August 03, 2017

It will be available August 15 for PlayStation 4, Nintendo Switch, Xbox One, and PC. Bonus stages are encountered by jumping into the sparks that appear above checkpoints. The special stage puts Sonic in something similar to an infinite runner. All of this is done to catch a UFO that holds a Chaos Emerald. The blue spheres give your character an extra speed boost to your meter.

New Nissan LEAF to be Super-Aerodynamic and Efficient

August 03, 2017

We few images have already made their way online. "Inspired by airplane wings, Nissan engineers recreated the ideal shape for the new LEAF, enabling a symmetric air flow that helps it slice through the air for a smoother, more efficient journey".

NeoPhotonics Corporation (NPTN) Scheduled to Post Earnings on Thursday

August 03, 2017

Some of the information might end up being correct, but a lot of it may turn out to be nonsense. Doing the proper amount of research can work wonders for the health of a portfolio over the course of time. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued. EPS long term mean growth rate estimated by 1 analysts is at 15%, whereas, the high and low Long term growth rate estimated at 15 and 15.

Torch Wealth Management LLC Has $434000 Position in Flowserve Corporation (NYSE:FLS)

August 03, 2017

DnB Asset Management AS's holdings in Flowserve Corporation were worth $610,000 as of its most recent filing with the SEC. And it remains to be seen which target price FLS can achieve without sacrificing much as the company is holding a -14.04% fall for the past twelve months.

DigiCert To Buy Symantec's Website Security, Related PKI Solutions

August 03, 2017

The transaction, which has been unanimously approved by the Symantec Board of Directors, is expected to be completed in the third quarter of fiscal 2018, subject to the satisfaction of customary closing conditions. DigiCert includes IBM, Sony, Facebook VMware, Intel and Harvard University among its customer base. "During our discussion with the browsers, our goal has been to minimize the impact to our customers and we believe this transaction achieves that goal and commitment", Clark said.

Utah Retirement Systems Purchases 500 Shares of Ford Motor Company (F)

August 03, 2017

In the first half of 2017, Ford's total sales rose 3.7% in the traditional Euro 20 markets. But, the company is facing other obstacles which include higher cost, lower volume and unfavorable currency exchange. Ford Motor Co now has $43.69B valuation. In other news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction on Monday, June 12th.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Price Target Raised to $32.00

August 03, 2017

The results beat Wall Street expectations. The semiconductor company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.23 by $0.09. It opened the session with a $110.05 price tag, later ranging from $107.7 to $111.05, the range at which the stock has traded at throughout the day. COPYRIGHT VIOLATION NOTICE: "SolarEdge Technologies (SEDG) Earning Favorable News Coverage, Accern Reports" was published by BBNS and is the property of of BBNS.

Galveston PD Pulls Some Ford Explorers From Fleet, Amid Carbon Monoxide Concerns

August 03, 2017

Twelve cars in all from the town fleet have been taken off the road, and perhaps unexpectedly, not all of them were the customized police interceptor models. Now, four police officers have tested positive for high levels of carbon monoxide , including three who needed to be hospitalized. "We have spare cars we use for road detail work and things like that".

Purchases New Position in Martin Marietta Materials, Inc. (NYSE:MLM)

August 03, 2017

Icici Bk Ltd now has $30.58 billion valuation. GCP Applied Technologies has a beta of 0.79, indicating that its stock price is 21% less volatile than the S&P 500. Several analysts have recently weighed in on the stock. Coldstream Mgmt accumulated 0.05% or 1,269 shares. This table compares GCP Applied Technologies and Martin Marietta Materials' net margins , return on equity and return on assets .

Malcolm Turnbull Calls Crisis Meeting On Marriage Equality

August 03, 2017

Do you like the idea of a secret ballot [on same-sex marriage policy] in the partyroom? Australia has been lagging the world in legalising marriage equality. Some Liberals are not ruling out trying to bring on a vote in Parliament within weeks , but others insist strongly the Coalition must stick to its pledge to have a plebiscite.

Eldorado Gold Corporation (NYSE:EGO) Given Daily Media Sentiment Rating of 0.16

August 03, 2017

ING Groep NV now owns 52,917 shares of the basic materials company's stock valued at $180,000 after buying an additional 701 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Eldorado Gold Corporation by 5.4% in the fourth quarter. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $104.71 million.

McDermott International, Inc. (NYSE:MDR) Given Consensus Recommendation of "Buy" by Brokerages

August 03, 2017

Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more. Aegis Financial Corp owns 799,805 shares or 5.8% of their United States portfolio. Wells Fargo & Mn holds 0% or 11,001 shares. McDermott International , Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module ...

Yum! Brands, Inc. (NYSE:YUM) Position Maintained by Kanawha Capital Management LLC

August 03, 2017

Howland Capital Management LLC increased its position in shares of Yum! Brands, Inc. (YUM) now trades with a market capitalization of $26.82 Billion. Bartlett & Co. ILLEGAL ACTIVITY NOTICE: This report was posted by Week Herald and is the property of of Week Herald. If you are accessing this story on another site, it was illegally copied and republished in violation of worldwide copyright law.

S&P Global Analysts Give Merck KGaA (MRK) a €110.00 Price Target

August 03, 2017

It has outperformed by 145.94% the S&P500.The move comes after 5 months negative chart setup for the $729.18M company. Barr E S And Com reported 0.04% stake. Barclays Capital upgraded the shares of MRK in report on Tuesday, December 1 to "Overweight" rating. 03/20/2017 - Merck & Company, Inc. had its "market perform" rating reiterated by analysts at Leerink Swann.

Teva Cuts 2017 Outlook; Stock Down

August 03, 2017

Equity analyst Morgan Stanley both downgraded the stock and lowered the price target on November 16 changing the price target from $69.00 to $42.00 and setting the rating at "Equal-Weight" which had previously been "Overweight". It has underperformed by 58.40% the S&P500. Acting Teva CEO Dr. Yitzhak Peterburg addressed the reports, explaining that the company had not expected such poor results and pointed to the crisis in Venezuela as part of the problem.

Chesapeake Energy Shares Jump Almost 4% After Profit And Revenue Beats

August 03, 2017

Shares of Bank of America Corporation (NYSE:BAC) surged 0.57% to $24.59. The consensus target price for the shares was $5.36 before this report. Finally, Vetr raised Chesapeake Energy Corporation from a sell rating to a hold rating and set a $4.80 target price on the stock in a research report on Wednesday, July 5th.

Ramdev's Patanjali will launch its own line of clothing by April 2018

August 03, 2017

The herbs company by the yoga guru has set an ambitious target of Rs 21,000 crore for the next FY in comparison to its Rs 10,561 crore financial turnover past year. Extending brands beyond core is always challenging. But the company (Patanjali) has shown strong marketing acumen before and has its own fan following, which may be helpful.

Cochin Shipyard IPO subscribed over 76 times on final day sale

August 03, 2017

Investors bid for about 2.59 billion shares, compared with almost 34 million shares on offer, data from stock exchanges showed as of 0130 GMT. The public sector company aims to garner up to Rs 1,468 crore through its share sale offer. The issue will constitute 25% of the post issue paid-up equity share capital. In addition to shipbuilding and ship fix, it also offers marine engineering training.

K2M Group Holdings, Inc. (NASDAQ:KTWO) Experiencing Unusual Activity Mid-day

August 03, 2017

More notable recent K2M Group Holdings Inc (NASDAQ: KTWO ) news were published by: Globenewswire.com which released: " K2M Group Holdings , Inc". In the last earnings report the EPS was $-1.01 and is estimated to be $-0.80 for the current year with 42,556,000 shares now outstanding.

Mortgage rates drop for Thursday

August 03, 2017

Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages inched up to 3.93 percent from 3.92 percent last week. Average fixed mortgage rates in the USA were little changed in the past week, according to mortgage-finance company Freddie Mac.

Alfred Angelo will not refund, process any more orders

August 03, 2017

At the end of its business day on July 13, Alfred Angelo abruptly closed all of its stores nationwide , including its location at 3763 28th Street SE, near the Shops at CenterPoint mall in Grand Rapids. A message posted on the Alfred Angelo website this week begins by noting that the bankruptcy trustee "greatly regrets the upset" caused by the July 14 bankruptcy filing.

U.S. test missile days after North Korea launch

August 03, 2017

According to the release, the test - of an unarmed Minuteman III equipped with a single test entry - is not meant to be a response to the recent North Korean test on Friday of a missile that appears to have the range to hit major United States cities.

EnLink Midstream's (NYSE:ENLC) "Hold" Rating Reaffirmed at Barclays PLC

August 03, 2017

Wall Street is only getting more bullish on the stock, with 4 of analysts who cover SMLP having a buy-equivalent rating. One equities research analyst has rated the stock with a sell rating , five have assigned a hold rating and three have given a buy rating to the stock.

Unisys Corporation (UIS) PT Set at $15.00 by SunTrust Banks, Inc

August 03, 2017

AMG Funds LLC raised its position in Unisys Corporation by 1.5% in the first quarter. Stoneridge Investment Partners LLC purchased a new stake in Unisys Corporation during the first quarter valued at approximately $203,000. The business's quarterly revenue was down 11.0% compared to the same quarter previous year. A look at some of the inputs to technical analysis model shows how Unisys Corporation current price compares to its recent moving averages.

Shire PLC (SHPG) Issues FY17 Earnings Guidance

August 03, 2017

Wedbush Securities Inc. boosted its position in shares of Shire PLC by 12.9% in the second quarter. BlackRock Inc. now owns 1,433,475 shares of the biopharmaceutical company's stock valued at $249,755,000 after buying an additional 1,400,275 shares during the period.

The Starbucks Corporation (NASDAQ:SBUX) Rating Lowered to Neutral at Guggenheim

August 03, 2017

Starbucks Corporation comprises about 1.3% of Pioneer Investment Management Inc.'s portfolio, making the stock its 16th largest position. Its stake was valued at $83,231,000 a decrease of $1,055,000 as of the end of the quarter. Currently Starbucks Corporation (SBUX ) has beta value of 0.81. TRADEMARK VIOLATION WARNING: "Pioneer Investment Management Inc". Why Investors see Good Future Performance Ahead about Starbucks Corporation (SBUX)? If you are accessing this report on another ...

Three former NSW Labor ministers engaged in serious misconduct: ICAC report

August 03, 2017

It's taken three years for the ICAC's Operation Credo investigation into dealings between Australian Water Holdings Pty Ltd and Sydney Water Corporation to be released. "Mr Tripodi was improperly motivated by a desire to provide an outcome favourable to AWH because he understood that was what [Eddie] Obeid wanted".

IOC Q1 profit falls 45% to Rs4,549 crore, beats estimates

August 03, 2017

However, it beat the estimates of analysts, who had predicted a net profit of Rs 3,063 crore for the April-June quarter. Analysts on average had expected a net profit of Rs 3,063 crore for the first quarter, Thomson Reuters data showed.

Forgot Something? Don't Worry - There's A Uniqlo Vending Machine For That

August 03, 2017

Now Uniqlo has the flawless solution: a vending machine stocked with everything you might need. Each item comes in compact packages and cans, not unlike your average vending machine snack. have been touted for Uniqlo vending machines later this month, including major cities NY and Los Angeles. The company has yet to confirm whether there will be any vending machines installed in airports and malls outside of the US.

Wyndham Worldwide Corp (NYSE:WYN) Reviewed By Analysts

August 03, 2017

Falvey Mary R sold $2.04M worth of stock or 24,471 shares. M Partners maintained Wyndham Worldwide Corporation (NYSE:WYN) on Monday, December 5 with "Buy" rating. During the same period in the previous year, the company earned $1.12 earnings per share. Equities analysts forecast that Wyndham Worldwide Corp will post $6.18 earnings per share for the current fiscal year.

Cash Remains Trash as Bank of England Sits on its Hands

August 03, 2017

This may imply more interest rate rises - though few economists expect any change this year. In a further sign that Europe's economy and the outlook for monetary policy has turned a corner, the Czech central bank raised its main interest rate - becoming the first central bank in the European Union to embark on a new tightening cycle in more than five years.

Dynagas LNG Partners (NYSE:DLNG) Receiving Somewhat Positive Press Coverage, Analysis Shows

August 03, 2017

Kayne Anderson Capital Advisors LP now owns 2,254,053 shares of the shipping company's stock valued at $44,283,000 after buying an additional 460,400 shares during the last quarter. Hedge funds and other institutional investors own 21.81% of the company's stock. 05/20/2014 - Clarkson Capital began new coverage on Dynagas LNG Partners LP giving the company a "outperform" rating.

General Mills, Inc. (NYSE:GIS) Receives Consensus Recommendation of "Hold" from Brokerages

August 03, 2017

It has outperformed by 3.69% the S&P500. Berkshire Asset Management Llc increased General Mills ( GIS ) stake by 10.73% reported in 2016Q4 SEC filing. General Mls Inc now has $32.18B valuation. (NYSE:GIS). 307,719 were reported by Riverpoint Capital Limited Liability Co. 11,779 are held by Tiemann Invest Advsr Ltd Co.

Delta Air Lines, Inc. (NYSE:DAL) Reviewed By Analysts

August 03, 2017

About 100 shares traded. (USPH) has risen 8.86% since August 2, 2016 and is uptrending. It has underperformed by 4.87% the S&P500. Stelliam Investment Management Lp decreased Delta Air Lines Inc Del ( DAL ) stake by 32.32% reported in 2016Q4 SEC filing.

Brokerages Set Alexion Pharmaceuticals, Inc. (ALXN) Target Price at $153.54

August 03, 2017

Analysts reported that the Price Target for Alexion Pharmaceuticals, Inc . might touch $180 high while the Average Price Target and Low price Target is $155.8 and $120 respectively. (NASDAQ:ALXN). Sumitomo Mitsui Tru stated it has 0.12% of its portfolio in Alexion Pharmaceuticals, Inc . Alexion Pharmaceuticals (NASDAQ ALXN) opened at 137.79 on Wednesday.

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