Economy / 923

The latest flying auto borrows DeLorean's legendary namesake

August 15, 2017

Instead of following his uncle into obscure sports vehicle production, Paul DeLorean is chief executive officer of Los Angeles-based DeLorean Aerospace. DeLorean's effort is called the DR-7 and features two sets of wings and an electric motor at each end, each able to pivot from vertical to horizontal to propel the vehicle upwards, then forwards.

Canadian Solar's (CSIQ) "Hold" Rating Reiterated at Cowen and Company

August 15, 2017

Cowen and Company set a $13.00 price objective on Canadian Solar and gave the company a hold rating in a research report on Monday, July 10th. Axiom Securities assumed coverage on Canadian Solar in a research report on Monday, April 17th.

Snap's (SNAP) "Neutral" Rating Reiterated at Citigroup Inc

August 15, 2017

They noted that the move was a valuation call. Snap's shares closed at $12.60 on Monday, still 25pc below their initial public offering price, but an improvement on last week's price, when shares briefly dipped below $12 after it reported slowing user growth in its recent quarter .

Oasis Petroleum Inc. (NYSE:OAS) Raised to "Buy" at William Blair

August 15, 2017

During the same period a year ago, the firm earned ($0.11) earnings per share. Hermes Investment Management Ltd. now owns 4,266,576 shares of the energy producer's stock valued at $34,346,000 after buying an additional 215,806 shares during the period.

Zions Bancorporation Sells 2788 Shares of General Electric Company (NYSE:GE)

August 15, 2017

It has underperformed by 21.16% the S&P500. (GE) by 56.5% based on its latest 2016Q4 regulatory filing with the SEC. Mechanics Comml Bank Trust Department accumulated 142,008 shares or 1.09% of the stock. Cim Mangement accumulated 8,227 shares or 0.16% of the stock. Horrell Capital Mgmt invested in 0.31% or 27,160 shares. Paloma Prtnrs Mngmt Comm holds 22,931 shares or 0.01% of its portfolio.

Founders Capital Management Boosts Stake in Cisco Systems, Inc. (CSCO)

August 15, 2017

Argyle Capital Management Inc. increased its stake in Cisco Systems, Inc . NASDAQ:CSCO) shares were trading higher by 1.52 percent ($0.47) at $31.47 a piece in Friday's session. Carlson Cap Ltd Partnership owns 92,461 shares for 0.15% of their portfolio. Glenmede Tru Na stated it has 0.01% in OraSure Technologies, Inc. (NASDAQ:CSCO).

The Exxon Mobil Corporation Target of Unusually Large Options Trading (XOM)

August 15, 2017

Exxon Mobil Corporation ( XOM ) delivered a decrease of -0.96% return at the end of last trading. It has underperformed by 25.78% the S&P500. Rhumbline Advisers reported 1.66% stake. Garland Mngmt Incorporated has 41,215 shares. Sii Wi holds 56,521 shares. Gavekal Capital Ltd owns 59,854 shares for 2.13% of their portfolio. Cap Ww Investors holds 0.66% or 22.86M shares in its portfolio.

Pandora Names Sling TV's Lynch as New CEO

August 15, 2017

Naveen Chopra , who has served as interim CEO since June, will continue as chief financial officer. Mr. Lynch will take the helm September 18, when he will also join the company's board. Pandora has found its next CEO. One of the pioneers of digital radio, Pandora in recent years has faced competition from faster-growing rivals like Apple Music and Spotify .

'Young fogey' Jacob Rees-Mogg plays down Tory leadership talk

August 15, 2017

The former Conservative party chairman, a senior figure in Margaret Thatcher's cabinet, was speaking to Sam Delaney after Jacob Rees-Mogg refused to rule out a tilt at the Tory leadership. The findings reflect a belief among some Tories that the "young fogey" MP could be a right-wing antidote to the popularity of Labour leader Jeremy Corbyn.

Solar-powered Tesla Tiny House hits the road in Australia

August 15, 2017

The tour offers one-on-one consultations on how much clean energy a home could generate and store using a Tesla system. While the Tiny House tour has only been announced in Australia so far, it could feature in other countries soon. Approximately 1.5 million homes already have solar panels mounted, which is part of the reason why Australia will be one of the first markets to get Powerwall 2 units installed.

Most Active Stock: JC Penney Company, Inc. (JCP)

August 15, 2017

Penney Company, Inc. Holding and gave the company a "hold" rating in a research note on Saturday, May 13th. J. C. Penney Company, Inc. shares decreased -27.76 percent over the past week and fell -21.08 percent over the previous month. "Holding Company (NYSE: JCP ) Given a $4.00 Price Target at BMO Capital Markets" was reported by StockNewsTimes and is the property of of StockNewsTimes.

Eldorado Gold Corporation (EGO) Rating Increased to Sell at BidaskClub

August 15, 2017

World Asset Management Inc now owns 44,473 shares of the basic materials company's stock worth $152,000 after buying an additional 227 shares in the last quarter. Some buy side analysts are also providing their Analysis on Eldorado Gold Corporation , where 7 analysts have given a Buy signal, 5 said it's a HOLD, 3 reported it as Underperform.

Gold steady near 2-mth highs as N. Korea tensions continue

August 14, 2017

Asian stock markets slumped on Friday following overnight losses on Wall Street as U.S. President Donald Trump's bellicose remarks prompted investors to unload shares in companies that have been on the rise in recent months. "Of course it's all come at a time when share markets are due for a correction so North Korea has provided a ideal trigger". By 1600 BST, USD/JPY was hitting lows of 109.37, down 0.62% on the day.

Ryanair want to stop passengers drinking before flights

August 14, 2017

BBC1's Panorama collected the information from 18 of the 20 police forces that cover Britain's airports. "It's rage inducing, and you shouldn't have to deal with that". The Irish airline noted that the Civil Aviation Authority reported a 600 per cent increase in disruptive passenger incidents in the United Kingdom between 2012 and 2016, with most "involving alcohol".

Bearish Signals Shown in Cummins Inc (CMI) Charts

August 15, 2017

FACB INDUSTRIES INCORPORATED BERHAD moved 0.00 in the most recent session and touched 1.29 on a recent tick. The Tenkan-Sen is generally used in combination with the Kijun-Sen to create predications of future momentum. The Williams Percent Range or Williams %R is an additional technical indicator worth taking a look at. The Williams %R oscillates in a range from 0 to -100.

USA stocks fall again on North Korea tensions

August 15, 2017

The latest COT positioning data will be watched closely in late USA trading on Friday, although overall risk conditions are likely to remain the dominant short-term influence on gold prices . This week has seen its biggest rise since June 2016.And in bond markets, 10-year U.S. Treasuries and Germany's ultra-safe government bonds, known as Bunds, were trading at their highest prices since June.

RCom soars 17% post NCLT approval to Brookfield deal, merger with Aircel

August 15, 2017

The Reliance Communication stock has underperformed the market by falling 29% since January as compared to 17% rise in the S&P BSE Sensex . While the court will issue final orders on 13 September, in most cases admitting a petition is tantamount to approval said lawyers.

Elon Musk Says AI Poses More Risk Than North Korea

August 14, 2017

Duck and cover? Come on, we have bigger concerns than the threat of nuclear war with North Korea , according to Elon Musk , who took to Twitter over the weekend to discuss what the world should really be anxious about. This is also not the first time Musk demanded regulation of AI. "AI's a rare case where I think we need to be proactive in regulation instead of reactive", he said last month.

BP begins production from Juniper on schedule and under budget

August 14, 2017

Mr Dudley said that this would make it "one of the most significant years for commissioning new projects in our history". Gas has started flowing via BP's $2 billion Juniper gas platform offshore Trinidad and Tobago that is expected to produce around 590 million cubic feet a day (mmcfd) from the Corallita and Lantana fields, BP said.

Dimensional Fund Advisors LP Increases Stake in Fiat Chrysler Automobiles NV (FCAU)

August 14, 2017

After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. Finally, CENTRAL TRUST Co bought a new stake in Fiat Chrysler Automobiles N.V. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.59 by $0.17. The business had revenue of $27.93 billion during the quarter, compared to analysts' expectations of $29.24 billion.

Sabra Healthcare REIT, Inc. (SBRA) Upgraded to Hold at BidaskClub

August 14, 2017

A number of other hedge funds have also modified their holdings of SBRA. Finally, State of Alaska Department of Revenue boosted its stake in shares of Sabra Healthcare REIT by 18.8% in the first quarter. Next quarter's EPS is estimated at $0.44 with next year's EPS projected to be $1.79. Stratos Wealth Partners LTD. purchased a new position in Sabra Healthcare REIT during the first quarter worth approximately $207,000.

SolarReserve wins USD-511m CSP project in S Australia

August 14, 2017

Energy company SolarReserve was awarded the contract, which the premier said was the "lowest cost option". Because a solar thermal power station operates like a conventional coal or gas power station, numerous jobs require the same skill sets as conventional energy jobs - from its construction phase through to operations.

South State Corp Purchases 2990 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

August 15, 2017

It has outperformed by 19.67% the S&P500. Forsta AP Fonden raised its stake in shares of UnitedHealth Group Incorporated (NYSE: UNH ) by 12.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Ameriprise Financial Inc. Takes Position in BlackRock LT Municipal Advantage Trust (BTA)

August 14, 2017

The firm owned 42,623 shares of the investment management company's stock after buying an additional 1,000 shares during the period. Mackay Shields LLC increased its position in shares of BlackRock LT Municipal Advantage Trust by 48.2% in the first quarter.

Target to Acquire Grand Junction as a Last-Mile Fulfillment Solution

August 14, 2017

Grand Junction handles the same-day delivery service for Target's store in Manhattan's Tribeca neighborhood. The move is one more step in an effort to deliver packages to customers more quickly and efficiently, according to a statement from Target's chief supply chain and logistics officer Arthur Valdez.

Philippines suspends Uber for a month

August 14, 2017

Uber admitted receiving the order. The Philippines government on Monday ordered USA company Uber to suspend its operations in the country for a month for continuing to accredit new drivers despite being ordered by the government to stop. and is hereby ordered to cease and desist its operation of their [sic] online booking application during the period of suspensions", the agency said in an order dated August 14.

Drunk air passenger arrests up 50%

August 14, 2017

More than 387 passengers were arrested a year ago for causing alcohol-fuelled disruption at airports or on aircraft - a rise of 50 per cent on 2015. Ms Dee said: "The sale of alcohol per se is not a problem. "The industry is working hard to tackle the issue and previous year launched a code of practice to create a common, consistent approach that co-ordinates and enhances existing efforts to prevent disruptive passenger behaviour".

North Korea has markets nervous but not panicked

August 14, 2017

Chief market analyst at CMC Markets Micheal Hewson agreed that investors have become used to tensions between the US and North Korea in recent years, but the "inexperience" of the US President has led market participants to adopt a "safety-first" approach.

WTI, Brent crude oil futures settle higher

August 14, 2017

Brent crude futures, the global benchmark for oil prices, were at $51.94 per barrel at 0253 GMT, down 16 cents, or 0.3 percent, from their last close. However, the latest oil market report from OPEC showed that production increased by 173,000 barrels per day in July, after rising by 396,000 barrels in June and by 366,000 barrels per day in May, thanks largely to two exempted countries, Libya and Nigeria.

Aldi to offer grocery delivery service in 3 USA cities

August 14, 2017

The new partnership allows customers to conveniently complete their grocery shopping by ordering award-winning ALDI products for delivery in as little as one hour. The Instacart experience is as easy to shop as an ALDI store. Its rival and German peer Lidl is also stepping up its expansion stateside. The chain, which has about 1,700 USA stores, plans to have 2,500 locations by 2022.

Wal-Mart Stores Inc

August 14, 2017

A number of analysts recently commented on the company. The stock increased 0.34% or $0.27 on August 11, reaching $79.41. Another trade for 23,849 shares valued at $1.88 million was made by Brennan Troyen A on Tuesday, March 21. On Friday, May 12 MAKRIS GEORGE JR bought $104,000 worth of Simmons First National Corporation (NASDAQ:SFNC) or 2,000 shares. 189,387 were reported by Azimuth Capital Management Ltd Liability Com.

Standard Life and Aberdeen Asset complete £11bn merger

August 14, 2017

The combined company will trade as Standard Life Aberdeen and will oversee £670bn worth of assets. The tie-up created Britain's largest active manager, with assets of around 670 billion pounds ($871.80 billion). On the pension and savings side, Standard Life has around 4.5 million customers with one in six people auto-enrolled into a workplace pension coming under its scope.

United Bank Inc. Reduces Position in Coca-Cola Company (The) (KO)

August 14, 2017

Hedge funds have recently modified their holdings of the company. Ancora Advisors LLC boosted its position in shares of Coca-Cola Company (The) by 9.4% in the fourth quarter. The Coca-Cola Company (KO ) waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side.

Telit CEO steps down amid fraud allegations

August 14, 2017

Telit , whose products and services connect devices to apps and enterprise systems, said in a statement that Oozi Cats's involvement in an alleged "land flip" scheme that bought and sold properties at inflated prices had been "knowingly withheld" from the board.

Greehey Acquires 42500 Shares of Nustar GP Holdings, LLC (NSH) Stock

August 14, 2017

BidaskClub downgraded shares of Holly Energy Partners, L.P. (NYSE:HEP) from a hold rating to a sell rating in a research note released on Thursday morning. Investors of record on Monday, August 7th will be given a $0.545 dividend. Holly Energy Partners, L.P.'s dividend payout ratio (DPR) is 207.38%. In other news, Director William E.

VF Corp. To Acquire Williamson-Dickie For About $820 Million In Cash

August 14, 2017

The Dickies brands, which generated $875 million in revenue during the trailing 12 months, will join Bulwark, Red Kap and Wrangler Riggs in VF's Imagewear coalition. Gross margin is expected to reach 49.5%, compared to the previously reported 49.8%. EPS is now expected to grow at a five-year CAGR between 11 percent and 13 percent to more than $5.00, versus the previous expectation of a five-year CAGR between 10 percent and 12 percent.

Ryanair Wants To Introduce Two Drink Limit For Passengers

August 14, 2017

According to the Civil Aviation Authority (CAA ), most incidents involving disruptive passengers on flights between 2012 and 2016 involved alcohol. Plane Drunk is presented by Tina Daheley and reporters go undercover at locations including Manchester Airport.

Amazon Is Shutting Down LoveFilm By Post In October

August 14, 2017

The company has announced that LoveFilm will be shut down in the 31st of October 2017. If you had a specific film or show in mind, you could pretty much guarantee that Lovefilm by Post would have it, and that its dwindling subscriber base would mean that you'd quickly be sent out the discs of your choice, regardless of limited stock.

Bitcoin's Price Crosses $4000

August 14, 2017

In early March, the price of one bitcoin surpassed the price of an ounce of gold , which was $1,227 at the time. Bitcoin's share of that is more than $66 billion, another record. Because of a cap on the amount of data processed by bitcoin's blockchain, transactions started to slow as its popularity boomed. For the year, the cryptocurrency is up more than 315%.

Merck CEO resigns from Trump's manufacturing council

August 14, 2017

Frazier's statement came after widespread condemnation of the president's response to a white nationalist rally in Charlottesville, Virginia, an event that devolved into clashes between rally-goers and counter-protesters. The statement follows bipartisan criticism of the president for not specifically condemning white supremacists on Saturday, after a suspect drove a vehicle into a crowd of counter-protesters at a white supremacist rally, killing one.

Many Americans find workplace 'hostile and taxing'

August 14, 2017

The RAND Corporation, alongside Harvard Medical School and the University of California, Los Angeles surveyed over 3,000 American workers about conditions on the job. According to the results of the 2015 American Working Conditions Survey, over half, 55% of USA workers say they work in "unpleasant and potentially hazardous" conditions, according to the survey's findings.

Uber launches New Driver Features in the UK, Including Tipping

August 14, 2017

A five minute time period in which passengers can cancel their ride will be reduced to two minutes, while drivers left waiting more than two minutes for their passenger to arrive will be able to charge 20p for every minute thy have to wait.

Charity in charge of Garden Bridge officially pulls plug

August 14, 2017

Backers of the controversial Garden Bridge proposed by actress Joanna Lumley have conceded defeat and closed down the project. However, the trust said that the benefactors and the Trustees concerned concluded the project could not go ahead without support for the mayor.

Quantitative Systematic Strategies LLC Invests $107000 in Lattice Semiconductor Corporation (LSCC)

August 14, 2017

Analysts on average have given a price target of $17.54 to Cypress Semiconductor Corporation stock. Stifel Nicolaus raised their target price on ON Semiconductor Corporation from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 9th.

Trump's 'fire and fury' N Korea warning flusters Wall St

August 14, 2017

The North Korea situation isn't the only thing weighing on stocks. Amid the hot rhetoric, US stocks sold off sharply on Thursday, with the S&P 500 falling more than 1 percent. The euro fell to $1.1791 from $1.1774. Yields on core government debt fell. Perrigo rose $2.17, or 2.8%, to $79.01. Yields move inversely to prices.

Brooks Automation, Inc. (NASDAQ:BRKS) Stock Ticks 9.56%

August 14, 2017

American Intl Group Inc now has $56.92B valuation. The stock rose 0.02% or $0.01 reaching $63.01 per share. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since August 11, 2016 and is downtrending. The firm has "Buy" rating by Keefe Bruyette & Woods given on Wednesday, August 2. The company was maintained on Friday, October 9 by Needham. The firm has "Hold" rating by Stifel Nicolaus given on Tuesday, January 3.

Shares in the Spotlight: IDEAL OPTICS LTD.

August 14, 2017

Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. Making the transition to the next level is most likely on the minds of many dedicated investors. Investors may use various technical indicators to help spot trends and buy/sell signals. The cloud is also one of the easiest indicators to use. Currently, the 14-day ADX for Ramelius Resources Ltd (RMS.AX) is 23.09.

NCC Group PLC (LON:NCC) Insider Acquires 6954 Shares of Stock

August 14, 2017

Peel Hunt restated a "reduce" rating and set a GBX 875 ($11.39) target price on shares of Shaftesbury plc in a report on Tuesday, May 23rd. Morgan Stanley lifted the price target on stocks of Intertek Group from GBX 3,680 ($47.92) to GBX 3,820 ($49.75) and issued the shares an equal weight recommendation in a study on Wed, May 3rd.

Sensex jumps 191 points to 31404.24, ignores weak IIP data

August 14, 2017

Meanwhile, the Nifty was trading higher by 52.40 points or 0.54% at 9,763.20 with 41 components gaining. The 50-stocks index has crucial support placed around the level of 9,702 and the next important support stands at the level of 9,650.

Tokyo stocks drop in morning on geopolitical concerns despite solid GDP data

August 14, 2017

That easily topped the 2.5 percent rise forecast in a Reuters poll. The Nikkei 225 fell almost 1% as markets re-opened after a public holiday last week. In corporate news, Commonwealth Bank of Australia CEO and Managing Director Ian Narev is expected to retire by the end of the 2018 financial year, the bank said on Monday.

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