Economy / 919

PricewaterhouseCoopers fined R87 million for misconduct

August 17, 2017

The audit covered the financial year ended 30 June 2011 and both PwC and Nicholas Boden admitted acts of misconduct including failures to obtain sufficient appropriate audit evidence and failures to exercise sufficient professional scepticism.

Cabot Oil & Gas Corporation (COG) Receives $29.95 Consensus Target Price from Analysts

August 17, 2017

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC increased its stake in Unit Corporation by 3.7% in the fourth quarter. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Unit Corporation had a return on equity of 2.07% and a net margin of 0.39%.

International Space Station to get first supercomputer next week

August 17, 2017

Well, space travel is pretty rough on technology, and NASA has high demands. The astronauts aboard the International Space Station (ISS) are about to welcome a new member in their midst next week. While this is near instantaneous near Earth, it is impractical for long range missions with a lag of up to 20 minutes, a delay which could be the difference between life and death.

Wet summer blamed for second quarter dip in sales at B&Q

August 17, 2017

LONDON, Aug 17 (Reuters) - Kingfisher , Europe's largest home improvement retailer, reported worse than expected quarterly sales at its British B&Q business due to a drop in demand for garden furniture and other summer products, denting the group's share price.

U.S. crude stockpiles fall by almost 9 million barrels

August 17, 2017

At 466.5 million barrels, crude stockpiles were at their lowest since January 2016. Brent futures for October delivery fell 40 cents, or 0.8% to $50.40 USA per barrel. The draw compares to analyst expectations of a draw of 3.6 million barrels for the week ending August 11. Meanwhile, data showed gasoline and distillate inventories rose.

Phillips 66 Partners (PSXP) Earning Somewhat Positive Press Coverage, Study Shows

August 17, 2017

It is down 34.01% since August 16, 2016 and is downtrending. It has underperformed by 4.51% the S&P500. Botty Investors LLC increased its position in Phillips 66 Partners LP (NYSE: PSXP ) by 836.2% during the second quarter, according to its most recent Form 13F filing with the SEC.

Knee Implants Prices Capped; Significant Reduction in Cost

August 17, 2017

Cobalt-chromium implants are now sold at prices ranging from ₹1.5-2.5 lakh, the Minister said. With private hospitals charging exorbitant rates, the government capped the maximum retail price of the knee implants, a move that will save patients an estimated Rs.

Private Capital Advisors Inc. Decreases Position in Anadarko Petroleum Corporation (NYSE:APC)

August 17, 2017

About 797,337 shares traded. It is down 8.29% since August 16, 2016 and is uptrending. Private Capital Advisors Inc. decreased its position in shares of Anadarko Petroleum Corporation (NYSE: APC ) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

Earnings on the Doorstep For Ross Stores, Inc

August 17, 2017

About 286,653 shares traded. Ross Stores (NASDAQ: ROST ) last released its earnings results on Thursday, May 18th. It has underperformed by 4.67% the S&P500. 51,207 Ross Stores, Inc . (ROST)'s shares projecting a $71.43 target price. The Marshfield Associates holds 814,368 shares with $53.42M value, down from 843,260 last quarter.

HDFC Bank cuts rates to 3.5 % on savings accounts

August 17, 2017

The revised rates will be applicable to both resident and non-resident customers. Another PSU lender Bank of Baroda had cut the rate to 3.5 % on deposits of up to₹50 lakh. Private sector lender Yes Bank is the fifth lender to reduce saving account interest rate after market leader State Bank of India ( SBI ) begun the process of reducing the interest rate.

Plea for SRK to refund 'JHMS' losses to distributors & exhibitors

August 17, 2017

From making fun of " Jab Harry Met Sejal " to the amusing things mechanical students do, every meme has its story. In the recent past, Salman Khan had returned a fraction of his earnings to the distributors to help them minimise the losses brought on by Tubelight's mediocre performance.

Banced Corp Increases Stake in Delta Air Lines, Inc. (DAL)

August 17, 2017

It has underperformed by 4.87% the S&P500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . (NYSE:DAL) on Wednesday, October 5 with "Buy" rating. The firm has "Hold" rating given on Friday, July 15 by Evercore. Investors sentiment increased to 1.33 in 2016 Q4.

Intel's Brian Krzanich Is Latest CEO to Resign From Trump Business Council

August 17, 2017

But in his blog post Monday, he voiced his exasperation with the state of American politics. He criticised the "many in Washington " who "seem to be more concerned with attacking anyone who disagrees with them". But publicly issued applause for Frazier from his colleagues was scant. At the time, the White House said the president would be "meeting with some of the world's most successful and creative business leaders to share their experiences and gain their insights".

Omega Healthcare Investors, Inc. (NYSE:OHI) held by 68 SEC 13F Filers

August 17, 2017

Gradient Investments LLC boosted its stake in shares of Omega Healthcare Investors by 15.3% in the first quarter. Weaver C. Barksdale & Associates Inc. 0 analysts recommended Overweight these shares while 1 recommended Underweight, according to FactSet data. The ex-dividend date was Friday, July 28th.

Wynn Resorts, Limited (WYNN) Shares Bought by Korea Investment CORP

August 17, 2017

Wynn Resorts, Limited (NasdaqGS:WYNN) presently has a 10 month price index of 1.31837. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has "Buy" rating given on Wednesday, September 2 by Credit Agricole. The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & global trademark and copyright law.

Under Armour Looking For Press Spokesman for CEO Kevin Plank

August 17, 2017

Mr. Trump announced his decision to dissolve the jobs council and the Strategy & Policy Forum at 1:14 p.m. today via Twitter - roughly 30 minutes after 3M Co. The statement read , in part: " I am resigning from the President's American Manufacturing Council.America's leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy, which run counter to the American ideal that all people are created equal".

Two Northeast Ohio CEOs Sat on Trump's Now Dissolved Economic Advisory Panels

August 17, 2017

Trump hoped the two would help advise him on jobs and the economy. Whirlpool will stay on the council. The departure of Krzanich follows the earlier resignations of Under Armour CEO Kevin Plank and Merck CEO Kenneth Frazier . Adhering to the Democratic talking points , regular guest Donny Deutsch hit Trump hard for not denouncing white supremacy by name. Later Monday, Trump targeted Merck in a second tweet.

SPDR Dow Jones Industrial Average ETF Declares Monthly Dividend of $0.24 (DIA)

August 17, 2017

A principle of technical analysis is that once a trend has been formed (two or more peaks/troughs have touched the trendline and reversed direction) it will remain intact until broken. SPDR Dow Jones Industrial Average ETF makes up about 3.8% of Meridian Wealth Management LLC's holdings, making the stock its 6th largest position. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend.

Telstra shares hammered after dividend change announced

August 17, 2017

Overall, the company reported annual earnings before interest, tax, depreciation and amortisation (EBITDA) of $10.7 billion, representing a two per cent rise on a year ago, off the back of $26 billion in total revenue. "These dynamics confirm why we believe our vision is the right vision, why our strategy is the right strategy". Telstra's EBITDA was up 2 per cent to $10.7 billion on a reported basis and up 4.5 per cent to $11.2 billion on a guidance basis.

FDO Partners LLC Raises Position in Express Scripts Holding Company (NASDAQ:ESRX)

August 17, 2017

NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since August 16, 2016 and is uptrending. It has outperformed by 27.73% the S&P500. Godshalk Welsh Capital Management Inc.'s holdings in Express Scripts Holding were worth $639,000 at the end of the most recent reporting period.

PH economy grows 6.5% in Q2

August 17, 2017

Exports of goods continued to expand with 23 percent growth in the second quarter, while the increase in shipments of services decelerated to 9.9 percent from 19.3 percent in the same period a year ago. Abella said household consumption gained 5.9 percent while government consumption expanded by 7.1 percent from 0.1 percent, showing a marked improvement in the absorptive capacity of government agencies.

Genworth Financial Inc (GNW) Stake Reduced by Capstone Asset Management Co

August 17, 2017

Finally, BTIG Research restated a "neutral" rating on shares of Genworth Financial in a research note on Wednesday, April 19th. Among 8 analysts covering Genworth Financial (NYSE: GNW ), 1 have Buy rating , 1 Sell and 6 Hold. Snow Capital Management Lp decreased Genworth Financial Inc (GNW ) stake by 72.08% reported in 2016Q4 SEC filing. The intraday range of the stock remained between $3.47 and $3.57.

Dominion Midstream Partners LP

August 17, 2017

Finally, Center Coast Capital Advisors LP raised its position in Summit Midstream Partners, by 11.2% in the first quarter. Several other research analysts also recently weighed in on the stock. Investors of record on Friday, August 4th will be given a dividend of $0.935 per share. Enable Midstream Partners, 's dividend payout ratio is now 147.68%.

Trump blasts CEOs who quit advisory panels as "grandstanders"

August 17, 2017

That flurry of resignations likely prompted Trump to take to Twitter on Tuesday and lambast the CEOs who have resigned so far as " grandstanders ". Business Roundtable, a powerful lobby group of CEOs that advocate for tax reform, put out a statement condemning the violence in Virginia. Intel CEO Brian Krzanich was somewhat more direct.

Hyundai plans long-range premium electric car in strategic shift

August 17, 2017

It's a replacement for the Tucson Fuel Cell, and boasts an increase in efficiency level to 60%, up 9% over its predecessor. Hyundai has worked hard to deliver a commercially viable hydrogen fuel cell electric auto to the market and, although in small numbers, the ix35 FCEV is out in the wild and is being used by real people in the real world.

The Technical Case for and Against Coca-Cola European Partners plc (CCE)

August 17, 2017

Several other equities analysts also recently weighed in on the company. Coca-Cola Company ( NYSE KO ) traded up 0.02% on Wednesday, hitting $46.20. Coca-Cola Bottling Co. Consolidated (NasdaqGS: COKE ) has a current MF Rank of 8280. The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th.

Enbridge Energy, LP (EEP) Cut to Hold at Zacks Investment Research

August 17, 2017

What do the trading volumes reveal? Enbridge Energy, L.P. (NYSE:EEP) has been assigned a consensus recommendation of "Hold" from the sixteen analysts that are now covering the stock, MarketBeat.com reports. The business's revenue was down 4.0% compared to the same quarter past year. During the same period a year ago, the firm posted $0.22 EPS. Hutner Capital Management Inc.

Japanese Merchandise Trade Surplus Narrows Less Than Expected in July

August 17, 2017

Oil imports, half of which came from the Middle East, jumped 26 percent year-on-year to 1.2 trillion yen ($11 billion). Overall exports in July rose 13.4% year-on-year, marking the eighth consecutive monthly gain on robust shipments of automobiles and semiconductors.

Pilots will have to serve 1-year notice: DGCA

August 17, 2017

Now, the airlines can revert to the rates they were charging before. Justifying the increase in the notice period, the DGCA said in its order that training pilots for airline operations takes eight to nine months. However, the court had not stayed it or deferred the date of implementation then. The Federation of Indian Airlines ( FIA ), which has Jet Airways, SpiceJet, IndiGo and GoAir as its members, had opposed the DGCA circular saying it has no jurisdiction to fix tariff as this power ...

Eads & Heald Investment Counsel Boosts Stake in Valero Energy Corporation (VLO)

August 17, 2017

It has underperformed by 1.41% the S&P500.The move comes after 9 months positive chart setup for the $29.53 billion company. The stock of Synopsys, Inc. Highland Capital Limited Co accumulated 79,289 shares or 0.46% of the stock. Grantham Mayo Van Otterloo Ltd reported 0.42% in Valero Energy Corporation (NYSE:VLO).

Valeant Pharmaceuticals International's (VRX) "Buy" Rating Reiterated at Stifel Nicolaus

August 17, 2017

The stock increased 1.80% or $0.25 on August 16, reaching $14.15. About 2.52 million shares traded. Valeant Pharmaceuticals Intl Inc (NYSE: VRX ) has declined 48.51% since August 16, 2016 and is downtrending. Delta Lloyd Nv reported 0.48% in Citigroup Inc (NYSE:C). Moreover, Susquehanna Int Grp Inc Limited Liability Partnership has 0% invested in Mercadolibre Inc (NASDAQ:MELI).

Valeant Pharmaceuticals International, Inc. (VRX) Stock Rating Upgraded by Zacks Investment Research

August 17, 2017

Accipiter Capital Management Llc holds 14.03% of its portfolio in Valeant Pharmaceuticals Intl Inc for 1.21 million shares. H.C. Wainwright maintained it with "Buy" rating and $6 target in Tuesday, March 8 report. sold $199.26M worth of Valeant Pharmaceuticals Intl Inc (NYSE: VRX ) or 18.11M shares. Utd Bank & Trust holds 3.06% or 163,035 shares in its portfolio.

Centamin PLC (CEY) Receives Buy Rating from Panmure Gordon

August 17, 2017

The stock's market capitalization is GBX 1.13 billion. The Property Services division includes the United Kingdom (UK) Agency, which represents property advertising services provided to estate agents and lettings agents; New Homes, which represents property advertising services provided to new home developers, and Other Property Services, which represents overseas property advertising services, display advertising and data services.

Cathay Pacific First-Half Loss Rockets

August 17, 2017

The results, which were worse than analysts predicted, came after Cathay saw its first annual loss in eight years in 2016, as lower cost Chinese carriers eat into its market share. This, with poor fuel hedges and its lack of a budget arm have hurt its competitiveness. Oil hedging is when an airline locks in prices of fuel at a pre-determined level for a certain amount of time.

A Look at Target Price and Valuation of Nabors Industries (NBR)

August 17, 2017

The fund owned 76,331 shares of the oil and gas company's stock after buying an additional 6,300 shares during the period. KBC Group NV raised its position in shares of Nabors Industries by 15.4% in the first quarter. Nabors Industries Ltd . owns and operates a land drilling rig fleet. If you are reading this report on another website, it was copied illegally and republished in violation of USA & global copyright & trademark legislation.

Analyst Advice And Earnings Insight: CareTrust REIT, Inc. (CTRE), Acushnet Holdings Corp

August 17, 2017

Energy Income Partners Llc increased Idacorp Inc (IDA) stake by 23.5% reported in 2016Q4 SEC filing. The stock of CarMax, Inc (NYSE:KMX) earned "Underperform" rating by Wolfe Research on Thursday, March 17. Bancorp Of America De has 264,980 shares. EPS breaks down the profitability of the company on a single share basis. Ns Advsr Lc reported 351,170 shares or 12.07% of all its holdings.

Dollar remains moderately higher with Fed minutes on tap

August 17, 2017

Policymakers unanimously made a decision to keep interest rates unchanged in the July 25-26 meeting and said they planned to reduce the central bank's massive holdings of bonds "relatively soon". European shares were on track for their best week since late April on Wednesday, gaining nearly 1 per cent on forecast-beating growth data, rising metals prices and a weakening euro.

Comerica Incorporated (CMA) Downgraded to Hold at BidaskClub

August 17, 2017

This represents a $1.20 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, September 14th. Jul 10, 2017 is the announcement. The funds in our partner's database now have: 141.05 million shares, up from 136.79 million shares in 2016Q3. Tower Bridge Advsrs has invested 0% in Comerica Incorporated (NYSE:CMA).

Is Vantiv, Inc. (NYSE:VNTV) a Long Term Growth Play?

August 17, 2017

Photronics, Inc. (NASDAQ:PLAB), stock is trading $12.10 above the 52-week high and has displayed a high EPS growth of 18.30% in last 5 years. Vantiv, Inc., launched on March 25, 2009, is a holding company. TRADEMARK VIOLATION WARNING: This piece of content was reported by Rincon Hill News and is the property of of Rincon Hill News. If you are accessing this piece on another site, it was copied illegally and republished in violation of USA and worldwide copyright and trademark laws.

CIBC to swallow PC Financial's banking business, rebrand as Simplii

August 17, 2017

Additionally, CIBC said there will be no changes to the terms and conditions of mortgages issued by PC Financial. Accessing your banking: You will continue to have free access to over 3,400 bank machines across the CIBC network, and enjoy the convenience of 24/7 banking over the phone at 1-888-723-8881, online, and through the mobile app.

Akzo Nobel Shares Rise on Elliott Truce

August 17, 2017

The agreement includes alignment on the AkzoNobel strategy to fully separate its specialty chemicals arm. Elliott also agreed to support the appointment of Thierry Vanlancker, Akzo Nobel's chief executive, to the paint maker's management board and the nomination of two other directors to its supervisory board.

The Interpublic Group of Companies, Inc. (NYSE:IPG)

August 17, 2017

Several other research analysts also recently commented on IPG. The price-to-earnings ratio (P/E) is a valuation method used to compare a company's current share price to its per-share earnings. (FL) is its Earnings per Share or EPS. TRADEMARK VIOLATION WARNING: "Interpublic Group of Companies, Inc". The stock now has Monthly Volatility of 5.59% and Weekly Volatility of 4.02%.

Citigroup Inc. Cuts Whiting Petroleum Corporation (NYSE:WLL) Price Target to $8.00

August 17, 2017

WLL's SI was 69.59 million shares in August as released by FINRA. Truepoint Inc increased Procter & Gamble Co (NYSE:PG) stake by 12,965 shares to 354,121 valued at $31.28M in 2016Q4. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

Interpublic Group Of Companies Inc (NYSE:IPG) Institutional Investors 2016 Q4 Sentiment

August 17, 2017

Moreover, constrained marketing budgets from big clients are expected to slow down organic growth and lead to account loss headwinds. Currently Viacom, Inc. Let's have a look at some of the important valuation ratios of the Interpublic Group of Companies, Inc. The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th.

Jo Walker-Meador, Longtime CMA Executive Director, Dead At 93

August 17, 2017

CMA Music Festival is not only the ultimate country music festival experience for fans from all over the world to attend, its also the only music festival with its own annual network television special . She did not remarry until 1981, when she Wednesday Nashville businessman Robert Meador, who preceded her in death in 2015. I'd heard of Minnie Pearl and Roy Accuff, Ernest Tubb and I'd heard of Hank Williams but I didn't delineate the different types of music.

United States stock futures point to higher open ahead of Fed minutes

August 17, 2017

Federal Reserve policymakers were anxious last month about inflation, but for two opposing reasons. Unanimously, policymakers have chose to the keep interest rates unchanged in the July 25-26 meeting and have informed that they are planning to reduce the central bank's massive holdings of bonds "relatively soon".

Young girl killed after vehicle rams pizzeria near Paris

August 17, 2017

The 32-year-old man is expected to be presented to a magistrate later Wednesday for preliminary charging. One of them - an unidentified 44-year-old woman - remains in intensive care and her condition was tonight described as "extremely serious".

Amec Foster's proposed asset sale may help Wood Group deal approval: regulator

August 17, 2017

Northern Trust Corp now owns 192,085 shares of the company's stock worth $1,156,000 after buying an additional 15,143 shares during the period. Renaissance Technologies LLC boosted its position in AMEC Foster Wheeler plc American Depositary Shares by 69.7% in the first quarter.

Diageo PLC (DEO) Sets New 1-Year High at $127.28

August 17, 2017

See New Gold Inc. Diageo plc ( DGE ) traded up 2.29% during midday trading on Thursday, reaching GBX 2594.00. Shares of Imperial Brands PLC ( IMT ) opened at 3678.00 on Thursday. The stock of WSFS Financial Corporation (NASDAQ:WSFS) has "Outperform" rating given on Monday, October 31 by Keefe Bruyette & Woods. As per Wednesday, November 25, the company rating was maintained by Mizuho.

CBL & Associates Properties, Inc. (CBL) Position Held by Shell Asset Management Co

August 17, 2017

CBL & Associates Properties, Inc.'s ROA is 3.14%, while industry's average is 3.07%. (NYSE:CBL) stock went gone down with a prior 52-week high of $14.30. According to Zacks brokerage recommendations, CBL & Associates Properties, Inc. The stock has a market cap of $1.44 billion, a P/E ratio of 14.29 and a beta of 1.17.

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