Economy / 821

Uber reviews India, Asia business over bribery allegations in US

September 20, 2017

Uber Technologies Inc, which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified United States officials about payments made by staff in Indonesia, Bloomberg reported , citing people with knowledge of the matter.

Kingfisher pretax profit hurt by weak French sales

September 20, 2017

Kingfisher saw solid growth at its Screwfix brand in the United Kingdom and also in Poland, but this was offset by a 5% fall in sales in France, where it operates Castorama and Brico Depot stores. The results reflected about 2% LFL impact from business disruption, albeit with an overall improving trend, and continued weaker sales in France. Adjusted pre-tax profit was 394 million pounds, compared to 418 million pounds a year ago.

Almost 400000 United Kingdom customers' data may have been stolen by hackers

September 20, 2017

The company said a flaw in a tool created to build web applications may have been at fault for the breach, CNN reported , adding that that Equifax knew about the security flaw two months before the company admitted that hackers first exploited it to gain customer data.

Category 5 hurricane Maria hits Dominica island

September 20, 2017

On the forecast track, the major hurricane will move across the Leeward Islands late Monday, over the extreme northeastern Caribbean Sea on in the next two days before approaching Puerto Rico and the Virgin Islands on Wednesday. Men remove boats from the water ahead of Hurricane Maria on the French Caribbean island of Guadeloupe early Monday. With the hurricane heading straight for those American possessions in the northeastern Caribbean, several major airlines joined on Monday to run last ...

Asia markets focus on Fed as USA stocks climb and dollar slides

September 20, 2017

Next week's meeting is not expected to result in an interest rate increase, but investors will focus on how Fed Chair Janet Yellen characterises recent inflation readings, for clues to the likelihood of a hike in December, as well as on how the U.S.

The Karyopharm Therapeutics Inc (KPTI) Receives $14.17 Average Price Target from Analysts

September 20, 2017

The firm has "Buy" rating given on Wednesday, September 9 by Jefferies. Karyopharm Therapeutics Inc . (NASDAQ: KPTI ) has been the object of insider selling activity recently. Barclays Public Ltd Company stated it has 6,266 shares. 102,556 are held by Morgan Stanley. Credit Suisse Ag has 17,859 shares. Karyopharm Therapeutics Inc .

Traders Buy Pepsico, Inc. (PEP) on Weakness

September 20, 2017

Putnam Invs Ltd Liability Com invested in 3.52M shares or 0.89% of the stock. Barnett & Company Inc. grew its position in shares of Pepsico by 270.4% during the second quarter. (NYSE:PEP). Delta Asset Mgmt Limited Liability Corporation Tn has 0.2% invested in PepsiCo, Inc. Pepsico (NYSE:PEP) last posted its earnings results on Tuesday, July 11th.

Senate hearing on Graham-Cassidy bill

September 20, 2017

The two recently spoke about the bill claiming that it is gaining momentum . "And if Democrats are willing to work with Republicans, it's a give-and-take proposition", Mr. " Most of the one million people who reside in nursing centers rely on Medicaid , as well as tends of thousands of seniors in America's assisted living communities".

ThyssenKrupp considered breakup before plumping for Tata joint venture

September 20, 2017

Both partners will jointly share the impacts from the job cuts. Thyssenkrupp AG and Tata Steel Ltd . reached a framework agreement to merge their European steel businesses in a bid to create the region's second-largest producer to tackle overcapacity.

Fifth Third Bancorp (FITB) Shares Sold by Axa

September 20, 2017

Volume is simply the number of shares or contracts that trade over a given period of time, usually a day. Auburn National Bancorporation Inc (NASDAQ:AUBN) has risen 26.06% since September 19, 2016 and is uptrending. Each depositary share represents a 1/1000th ownership interest in a share of Series I Preferred Stock. Analyzing the technical facts of Fifth Third Bancorp (FITB ), its current distance from 20-Day Simple Moving Average is 2.63% and standing 1.95% away from 50-Day Simple Moving ...

Analysts Estimates And Ratings BB&T Corporation (BBT)

September 20, 2017

Bb&T Corp. now has $35.79 billion valuation. During the same period past year, the firm earned $0.64 earnings per share. Shares buyback programs are often a sign that the company's board believes its shares are undervalued. The firm earned "Hold" rating on Friday, May 26 by BMO Capital Markets. The ex-dividend date of this dividend was Wednesday, August 9th. The rating was upgraded by Robert W.

Analysts Ratings on: QUALCOMM Incorporated (QCOM)

September 20, 2017

The business's revenue was down 11.1% compared to the same quarter a year ago. Closing price generally refers to the last price at which a stock trades during a regular trading session. Acadian Asset Mngmt Limited Liability invested 0.01% in QUALCOMM, Inc . (NASDAQ: QCOM ). Camarda Finance Advsrs Lc, a Florida-based fund reported 24,507 shares.

Toshiba Reportedly Agrees To Sell Memory Chip Unit To Bain Group

September 20, 2017

The Bain consortium includes backing from Apple Inc . and Dell Inc., people familiar with the matter have said. Toshiba's chose Bain over a group led by KKR & Co. The Toshiba/Western Digital talks broke down again this time around limits to WDC's future stake in Toshiba Memory that Toshiba had demanded, according to the report.

The Travelers Companies, Inc. (NYSE:TRV) Experiences Heavier than Average Trading Volume

September 20, 2017

The rating was upgraded by Bernstein to "Outperform" on Thursday, September 3. Advisory Services Network LLC acquired a new position in shares of The Travelers Companies in the 1st quarter worth approximately $828,000. The P/E ratio is 12.02 and market cap is 33.31B. Shares saw a steep increase in trading volume of 79.82% over the normal average daily volume. They expect $1.60 EPS, down 33.33% or $0.80 from last year's $2.4 per share.

Top RSI Trades for Today - Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN)

September 20, 2017

Walleye Trading LLC now owns 7,026 shares of the specialty pharmaceutical company's stock worth $143,000 after buying an additional 5,826 shares during the period. On Monday, July 18 the stock rating was downgraded by Northland Capital to "Market Perform". Supernus Pharmaceuticals, Inc is a pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases.

Catalent Inc (CTLT) Research Coverage Started at Needham & Company LLC

September 20, 2017

The firm is expected to announce its next earnings results on Monday, November 6th. As of the last earnings report the EPS was $0.87 and is projected to be $1.61 for the current year with 125,175,000 shares now outstanding. The company's P/E ratio is 45.39 and market cap is 4.94B. Shares are trading at $39.49 a tad above the 50 day moving average which is $36.93 and which is impressively higher than the 200 day moving average of $33.52.

Vanguard Total International Stock ETF (VXUS) Rises 0.33% for Sep 19

September 20, 2017

Boston Family Office LLC now owns 4,925 shares of the company's stock worth $277,000 after buying an additional 80 shares in the last quarter. iAB Financial Bank increased its holdings in Vanguard International Equity Index Funds by 1.7% in the 2nd quarter.

JD Wetherspoon plc (JDW) Earns Hold Rating from Liberum Capital

September 20, 2017

The firm earned "Buy" rating on Thursday, February 9 by Berenberg. The company was maintained on Wednesday, August 16 by Credit Suisse. Keefe Bruyette & Woods maintained Trustmark Corp (NASDAQ:TRMK) rating on Friday, June 30. It has a 28.52 P/E ratio. The Firm operates approximately 90 gyms across the United Kingdom that are open around the clock. Genus plc with EPIC/TICKER (LON:GNS) has had its stock rating noted as "Reiterates" with the recommendation being set at "HOLD" today by ...

Targa Resources, Inc. (NYSE:TRGP) Traded 5.3% Above Its 50 Day Average

September 20, 2017

The stock's market capitalization is 10.18B, it has a 52-week low of 40.25 and a 52-week high of 61.83. Over the last ninety days, insiders sold 103,800 shares of company stock worth $6,186,318. The ex-dividend date was set for Friday the 28th of July 2017. Therefore 74% are positive. Finally, Guggenheim upgraded Targa Resources from a "neutral" rating to a "buy" rating and set a $50.00 target price for the company in a report on Monday, August 14th.

Teachers Advisors LLC Trims Stake in Energen Corporation (EGN)

September 20, 2017

Williams Capital boosted their price objective on shares of Energen Corporation from $72.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, June 20th. Another trade for 6,000 shares valued at $327,600 was made by Porter Charles W on Wednesday, March 29. Energen Corporation, launched on October 26, 1978, is an oil and natural gas exploration and production company.

Sterling touches 14-month high

September 20, 2017

Last week's big hint from the bank's rate-setting panel that it could raise its main interest rate from the current record low of 0.25 percent as soon as November gave the pound a big lift. While the ONS revealed that unemployment fell from 4.4% to 4.3% in July, the accompanying average earnings reported showed that wage growth remained flat at 2.1%, disappointing traders who had expected it to rise to 2.3% and prompting concerns about the growing gap between wages and inflation.

Brexit could cost United Kingdom 10000 finance jobs

September 20, 2017

The survey found that Frankfurt was the most popular destination for new roles, followed by Paris as the second city. Almost half of the 123 firms polled by Thomson Reuters , among which were banks, insurers, asset managers, private equity firms and exchanges, said they would have to move staff or restructure their businesses due to Brexit .

Brooks Automation, Inc. (NASDAQ:BRKS) Broker Views On Wall Street

September 20, 2017

The firm earned "Buy" rating on Thursday, December 1 by Independent Research. "(BRKS) Shares Sold by Cadence Capital Management LLC" was published by Week Herald and is the property of of Week Herald. The stock of Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) has "Sell" rating given on Thursday, February 4 by Citigroup. Zacks Investment Research lowered shares of Brooks Automation from a "buy" rating to a "hold" rating in a research report on Wednesday, June 28th.

Riverhead Capital Management Purchases 51098 Company Stocks In Morgan Stanley

September 20, 2017

The company has a market capitalization of $84.45 billion, a price-to-earnings ratio of 15.61 and a beta of 1.80. Net profit margin of Morgan Stanley (MS ) was recorded at 15.6 percent, operating profit margin was 24.3 percent, while gross profit margin stands at 79.7 percent.

Applied Optoelectronics Sees Unusually High Options Volume (AAOI)

September 20, 2017

They are also projecting the Low EPS estimate of $1.15 and the High EPS estimate of $1.41. Ward Ferry Management Ltd bought 67,900 shares as the company's stock rose 2.51% with the market. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The business's revenue for the quarter was up 112.3% compared to the same quarter past year.

Continental Resources, Inc. (NYSE:CLR) Closed 8.4% Above Its 50 Day Average

September 20, 2017

CLR's profit will be $3.75 million for 925.75 P/E if the $0.01 EPS becomes a reality. KBC Group NV now owns 4,657 shares of the oil and natural gas company's stock worth $211,000 after buying an additional 207 shares during the last quarter.

GAM Holding AG Has $13.31 Million Stake in Stryker Corporation (SYK)

September 20, 2017

The firm has a market capitalization of $54.06 billion, a P/E ratio of 32.26 and a beta of 0.81. Rdl holds 0.14% or 1,777 shares. About 76,392 shares traded. Its down 0.04, from 0.89 in 2016Q3. The legal version of this story can be read at https://stocknewstimes.com/2017/09/19/stryker-corporation-syk-shares-bought-by-sumitomo-mitsui-trust-holdings-inc.html.

Gold up as dollar eases, markets eye Fed meet

September 20, 2017

The dollar gained almost 2.8 percent against the yen last week, buoyed by a rise in U.S. Treasury yields that bolstered the greenback´s appeal, and as data showing a pick up in U.S. "When you press investors on the why, the standard reply is the lack of inflationary pressures". The greenback has benefited from a recent surge in US bond yields.

Reynolds launches human trafficking initiative

September 20, 2017

Three trainers from Omaha came to Des Moines September 13 for the first training session. George Belitsos of the Iowa Network Against Human Trafficking and Slavery says commercial sexual exploitation is now a bigger business than the drug trade.

Nikkei 225 Surges 1.96%; Japan Equities Hit All-Time High

September 20, 2017

The Tokyo market was closed on Monday for a national holiday. In Europe, France's CAC 40 was up 0.1 percent at 5,234 while Germany's DAX was 0.1 percent lower at 5,234. Japan's Nikkei share average was almost flat on Wednesday morning after scaling more than two-year highs on the previous day, while investors stayed cautious before the U.S.

Whiting Petroleum Corporation (WLL) Given Coverage Optimism Rating of 0.14

September 20, 2017

The company is so far trading up from yesterday's close of 4.86. If the published price targets set by Synchrony Financial analysts have any power to influence the stock's share price, the highest price target set for SYF is $41. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. RBC Capital Markets has "Hold" rating and $1200 target.

AutoZone, Inc. (NYSE:AZO) Closed 5.4% Above Its 50 Day Moving Average

September 20, 2017

The stock's market capitalization is 15.79B. The value of the company's investment in AutoZone, Inc . went from $23,257,000 to $71,881,000 a change of $48,624,000 since the last quarter. AutoZone now has a consensus rating of "Hold" and a consensus target price of $776.64. Gross profit, as a percentage of sales, was 52.8%, or two basis points from the same period last year, due to higher supply chain costs associated with current year inventory initiatives, partially offset by higher ...

Rite Aid Corporation (NYSE:RAD) Slips -7.33% in Pre-market

September 20, 2017

Sigma Planning reported 19,998 shares or 0.03% of all its holdings. Blackrock Japan holds 1.41M shares or 0.04% of its portfolio. On average, equities analysts predict that Rite Aid Corporation will post ($0.10) earnings per share for the current fiscal year.

PPOH Line Above Zero for iShares MSCI Hong Kong Index Fund

September 20, 2017

Once the portfolio is set up, investors may realize that they need to rebalance from time to time. Investors may be hoping for sustained upward trends where stocks calmly and steadily advance in that direction. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. A value between 0 to -20 would represent a strong overbought condition.

Discovery Communications, Inc. (NASDAQ:DISCK) Experiences Heavier than Usual Trading Volume

September 20, 2017

The stock declined 0.30% or $0.07 reaching $21.25 per share. Piedmont Limited Company reported 0% stake. Examining Institutional Ownership at Discovery Communications, Inc . (NASDAQ:DISCA) to report earnings on November, 7. In the latest earnings report the EPS was $1.88 and is expected to be $2.24 for the current year with 570,000,000 shares outstanding.

Navios Maritime Partners (NMM) Earns News Impact Score of 0.20

September 20, 2017

Stifel Nicolaus reiterated a buy rating and issued a $2.25 price target (up previously from $2.00) on shares of Navios Maritime Acquisition Corporation in a research note on Friday, August 11th. JPMorgan Chase & Co. boosted its stake in shares of Navios Maritime Partners L.P.by 29.6% in the third quarter. Ubs Group Ag divested its position by selling 2,786 shares a decrease of 69.6% as of 06/30/2017.

GlaxoSmithKline plc 17.6% Potential Upside Indicated by Bryan Garnier

September 20, 2017

Proficio Capital Partners LLC grew its holdings in GlaxoSmithKline PLC by 233.0% during the first quarter. The Company is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter (OTC) medicines and health-related consumer products.

Prudential Financial, Inc. (PRU) Shares Sold by Neuberger Berman Group LLC

September 20, 2017

Quantitative Investment Management LLC now owns 72,000 shares of the financial services provider's stock valued at $7,786,000 after buying an additional 60,400 shares during the period. The rating was maintained by FBR Capital on Monday, May 16 with "Outperform". Goldman Sachs upgraded the stock to "Buy" rating in Friday, September 23 report.

'Say that to my face': Broncos' Brandon Marshall tweaks fans on Twitter

September 20, 2017

He's not the wide receiver who had somewhat bumpy rides in Chicago, Miami and Denver before that on the way to eight career 1,000-yard seasons. Well played, Brandon Marshall the linebacker. The Giants and Broncos meet in Week 6, so we'll see which Brandon gets the angry tweets then. Manning and Marshall have only completed one pass together in a game situation, so that type of confidence will come.

What Are Analysts Opinions On McDermott International Inc. (MDR)

September 20, 2017

The company had a trading volume of 4,255,937 shares. McDermott International Inc (NYSE: MDR ) has risen 47.07% since September 15, 2016 and is uptrending. Sigma Planning Corp increased Ishares Tr (ITOT) stake by 55,753 shares to 141,598 valued at $7.26M in 2016Q4. California State Teachers Retirement owns 69,609 shares.

Equifax Comes Clean About Previous Hacking Attack in March

September 20, 2017

The company late Friday announced the immediate retirement of David Webb, its chief information officer, and Susan Mauldin, its head security officer. The next point on the company's list says " Equifax's Security organization was aware of this vulnerability at that time, and took efforts to identify and to patch any vulnerable systems in the company's IT infrastructure ".

Unbiased Equity Research: T2 Biosystems, Inc. (TTOO), CSRA Inc. (CSRA)

September 20, 2017

Calculated by dividing T2 Biosystems, Inc .'s annual earnings by its total assets, investors will note a return on assets of -71.60%. T2 Biosystems CS (NASDAQ: TTOO ) as of recent trade, has shown weekly downbeat performance of -4.64% which was maintained at 10.24% in 1-month period.

Technical Scrutiny: Pfizer Inc. (PFE), General Motors Company (GM)

September 20, 2017

Asset Planning Services Ltd. lifted its position in Pfizer by 4.9% during the 1st quarter. The institutional investor held 30,334 shares of the telecommunications equipment company at the end of 2016Q4, valued at $1.62 million, up from 22,831 at the end of the previous reported quarter.

Copart, Inc. (CPRT) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

September 20, 2017

Copart, Inc. Currently, 127.55 million total shares are owned by the public and among those 124.56 million shares have been available to trade. (NASDAQ: CPRT ) has risen 37.41% since September 19, 2016 and is uptrending. As per Friday, May 26, the company rating was maintained by Jefferies. The rating was downgraded by Northcoast on Thursday, August 25 to "Neutral". The company was maintained on Friday, May 27 by JP Morgan.

(LEN) Price Target Raised to $49.00 at JPMorgan Chase & Co

September 20, 2017

The stock rose 0.48% or $0.25 reaching $51.95 per share. About 2.37M shares traded or 55.92% up from the average. Lennar Corporation (NYSE: LEN ) last issued its earnings results on Tuesday, June 20th. The stock of Norfolk Southern Corp. The rating was maintained by Cowen & Co on Thursday, January 28 with "Outperform". The firm earned "Underweight" rating on Friday, June 3 by Morgan Stanley.

Housing Starts Dip in August

September 20, 2017

July's sales pace was revised up to 1.19 million units from the previously reported 1.16 million units. Single-family housing permits were at a rate of 811,000, a 1.5 percent month-over-month increase from July's revised rate of 812,000. August privately-owned housing permits were at a seasonally adjusted rate of 1,300,000 - a 5.7 percent month-over-month increase from July, and an 8.3 percent year-over-year increase from the August 2016 estimate of 1,200,000.

Helios and Matheson Analytics Inc. (HMNY) — Trend Analysis Report

September 20, 2017

A reading above 70 indicates that a stock is overvalued, and a reading below 30 implies that it is undervalued. Moving averages can be very useful for identifying peaks and troughs. A score above three means the company is not likely to go bankrupt, while score less than 1.8 suggests the firm is probably headed for bankruptcy. How has the stock performed recently? Likewise, the performance for the quarter was recorded as -4.32% and for the year was 27.02%.

New $10 banknote now in circulation

September 20, 2017

Remember when the new plastic $5 notes came into circulation a year ago and were immediately rejected by most vending machines which, it would appear, weren't future-proof? The design of the new $10 banknote retains the images of Dame Mary Gilmore and AB "Banjo" Paterson and includes elements of their works - in microtext! As for businesses with vending machines that reject the notes, well, it's basically a case of keep up or risk annoying staff at venues who will have to exchange the ...

Mahindra unveils driverless tractor; launch in 2018

September 20, 2017

Mahindra plans to offer the driverless tractor technology across its range of tractors from 20 HP to 100 HP over a period of time. On the cost of driverless tractors, managing director Pawan Goenka said that product would see traction among customers only if the company can bring down the cost to under Rs 1 lakh, adding that they are working towards it.

Toys "R" Us files for bankruptcy protection in Canada

September 20, 2017

The company said Tuesday its 82 stores across Canada, as well as its e-commerce sites will continue to operate as usual during its restructuring process under the Companies' Creditors Arrangement Act. And they say the company should have also thought of new ways to attract more customers in its stores, such as hosting birthday parties. The toys giant, which employs 2,500 staff at its 110 United Kingdom stores, is among many retailers left playing catch-up after the rapid rise in online ...

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