Economy / 742

Local closures set for Columbus Day

October 09, 2017

For many, this is also a day when financial establishments such as banks are closed . Columbus Day is one of 12 Missouri state holidays. It's best to check with your individual bank to see if offices and branches will be open. The holiday started in 1792 as an Italian-American heritage celebration in NY. Columbus Day isn't without its controversy as a holiday meant to celebrate Christopher Columbus for sailing the ocean blue in 1492.

Singapore's City Developments mulls buyout of United Kingdom hotel arm

October 09, 2017

The proposed offer price is about 24% higher than M&C's closing price of 446.7 pence on August 18, which was the day before CDL made its proposal, and 21% above M&C's closing price on October 6. CDL is part of Singapore-headquartered Hong Leong Group, headed by Mr Kwek, and indirectly held shares representing a 65.2 per cent stake in M&C as of Monday (Oct 9).

LyondellBasell Industries NV (LYB) Stake Lowered by PointState Capital LP

October 09, 2017

LyondellBasell Industries NV (NYSE: LYB ) last announced its quarterly earnings data on Friday, July 28th. It has underperformed by 16.37% the S&P500. Analysts await LyondellBasell Industries NV (NYSE: LYB ) to report earnings on October, 27 before the open. Morgan Stanley (NYSE:MS)'s earnings per share has been growing at a 18.1 percent rate over the past 5 year when average revenue increase was noted as -0.6 percent.

Institutional Investor's Anti-Johnson & Johnson (NYSE:JNJ) Sentiment In 2017 Q2

October 09, 2017

Brandes Investment Partners Lp decreased Johnson & Johnson ( JNJ ) stake by 7.66% reported in 2017Q2 SEC filing. The stock has "Neutral" rating by Goldman Sachs on Monday, March 14. Ratings analysis reveals 43% of Johnson & Johnson's analysts are positive. Johnson & Johnson has a 12-month low of $109.32 and a 12-month high of $137.08.

McDonald's promises more Szchuan Sauce for 'Rick and Morty' fans

October 09, 2017

In a one-day promotion, McDonald's quickly ran out of its extremely limited supply of packets of special Szechuan sauce, creating outrage from long-waited fans of the animated sci-fi comedy series " Rick and Morty ". McDonald's marketing team clearly didn't fully think through how to handle the initiative in terms of how popular it might be or even making sure all its franchise restaurants were aware of the effort, though it's still trying to spin a win out of the event with a reported broader ...

Tempur Sealy International, Inc. (TPX) Stock Rating Lowered by Zacks Investment Research

October 09, 2017

The stock had a trading volume of 563,579 shares. Regenxbio Inc (NASDAQ:RGNX) has risen 51.43% since October 5, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. Several analysts have recently commented on TPX shares. These funds have shifted positions in (TPX). First Interstate Savings Bank accumulated 5,636 shares.

Were Analysts Bullish John Wood Group PLC (LON:WG) This Week?

October 09, 2017

The rating was initiated by Wells Fargo on Wednesday, January 11 with "Market Perform". Creative Planning owns 21,331 shares or 0% of their U.S. portfolio. Sivik Glob Healthcare Ltd Llc holds 77,340 shares. BlackRock Inc. owned 0.24% of Astrazeneca PLC worth $202,960,000 at the end of the most recent reporting period.

Rite Aid Corporation (RAD) PT Lowered to $2.25 at Mizuho

October 09, 2017

Cowen and Company restated an outperform rating and issued a $4.70 price objective on shares of Rite Aid Corporation in a research note on Monday, July 3rd. Corporate insiders own 2.29% of the company's stock. Several institutional investors have recently made changes to their positions in RAD . World Asset Management Inc boosted its stake in Rite Aid Corporation by 27.1% in the first quarter.

Walt Disney Co (NYSE:DIS) Institutional Investors 2017 Q2 Sentiment

October 09, 2017

Jacksonville Bancorp Inc (NASDAQ:JXSB) has risen 35.00% since October 9, 2016 and is uptrending. Walt Disney Company (The) (NYSE: DIS ) last posted its quarterly earnings data on Tuesday, August 8th. Clearbridge Investments LLC boosted its stake in shares of Walt Disney Company (The) by 2.0% in the 1st quarter. Box Inc was reduced too. Among 37 analysts covering The Walt Disney Company (NYSE: DIS ), 21 have Buy rating, 3 Sell and 13 Hold.

Microsoft signs 37-MW wind PPA with GE in Ireland

October 09, 2017

EirGrid's energy demand forecast for new data centers in Ireland. The announcement comes a week after Belgian offshore wind farm developer Parkwind said it would become a strategic partner in the Oriel Wind Farm in the northwest Irish Sea.

Intel Corporation (NASDAQ:INTC) Closed 8.6% Above Its 50 Day Average

October 09, 2017

In addition to Vetr Inc. reporting its target price, a total of 34 firms have reported on the stock. Aldeyra Therapeutics Inc (ALDX) has $136.71 million valuation. Ratings analysis reveals 60% of Intel Corporation's analysts are positive. The firm has "Mkt Perform" rating by Bernstein given on Wednesday, September 23.

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)

October 09, 2017

Raymond James Tru Na accumulated 0.02% or 13,113 shares. About 1.06M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since October 6, 2016 and is downtrending. The stock's market capitalization is 25.21B. Basso Capital Management Lp who had been investing in Frontier Communications Corp (Call) for a number of months, seems to be less bullish one the $957.91 million market cap company.

Institutional Investors Lead Shift in Jpmorgan Chase & Co (NYSE:JPM) Sentiment

October 09, 2017

JPMorgan Chase & Co. grasps an EPS value of 6.8 * displaying an EPS growth of 4.00% * for this year. Therefore 52% are positive. The price target suggests a potential downside of -1.98 % from the last stock close of JP Morgan Chase (NYSE: JPM ).

Doping - Hardaker out of England rugby league squad after failed test

October 09, 2017

England global Zak Hardaker - dropped by his club Castleford for the Grand Final over the weekend - has been provisionally suspended over a failed drugs test, the Rugby Football League said Monday. But his on-field brilliance has been marred by off-field problems throughout his career. He missed out on the 2013 World Cup squad after a breach of team discipline and was fined by Leeds after he "acted unprofessionally".

Walmart rolling out new in-store returns service Mobile Express Returns

October 09, 2017

Newman Dignan And Sheerar Incorporated has 3,521 shares for 0.15% of their portfolio. Dillon And Inc, Michigan-based fund reported 11,130 shares. Brown Advisory Secs Lc invested in 12,030 shares. It also increased its holding in Suntrust Bks Inc (NYSE:STI) by 64,857 shares in the quarter, for a total of 80,558 shares, and has risen its stake in Zions Bancorporation (NASDAQ:ZION).

Markets finish flat, Nifty fails to hold on to 10000- mark

October 09, 2017

Leading IT exporter Tata Consultancy Services (TCS) is set to come out with its earnings numbers on Thursday. Nifty futures trading on SGX were down 44 points, or 0.44 per cent, at 9,976, indicating a negative start for NSE Nifty index. Besides, domestic institutional investors pumped in funds unabated. Hindustan Unilever, Dr Reddy's Laboratories, Coal India, Tech Mahindra and Yes Bank were among the prominent gainers in the Nifty pack.

Balloons to help restore Puerto Rico's cell networks

October 09, 2017

Virgin Islands residents receive quality LTE cellular service and highspeed internet . Despite the advanced technology on the balloons , the internet still needs to come from somewhere though. Tesla and Google are joining an effort to rebuild the island's infrastructure that also includes Facebook, which committed to send its connectivity staff to the island to help in recovery and reconstruction.

UnitedHealth Group Incorporated (UNH) Position Trimmed by Trexquant Investment LP

October 09, 2017

UnitedHealth Group comprises about 1.1% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 28th largest position. Miles Capital Inc owns 3,669 shares for 0.37% of their portfolio. UnitedHealth Group Incorporated has a 1-year low of $133.03 and a 1-year high of $200.76. Adage Prtn Group Inc Ltd Liability Company has invested 0.7% in UnitedHealth Group Inc (NYSE: UNH ).

Tata Group To Consider Buying Air India: N. Chandrasekaran

October 09, 2017

There we need to see how to consolidate where we can, how to synergise where we cannot consolidate and how we scale". I would like to see ourselves as 5,6,7 groups as opposed to 110 companies . In a latest development, Tata Group expressed its interest to buy India's national carrier . The Tata Group executives spent more than an hour and a half with DoT officials.

HSBC Holdings, plc. Perpetual S (NYSE:HSEA) Experiences Light Trading Volume

October 09, 2017

Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of HSBC Holdings plc (NYSE:HSBC).

Wells Fargo & Company (WFC) Earns Sell Rating from Analysts at Vertical Group

October 09, 2017

The stock has a market cap of $275.90 billion, a price-to-earnings ratio of 13.69 and a beta of 0.97. The total value of its holdings increased 0.6%. City Holding Co. Schwab Charles Investment Management Inc. now owns 14,311,805 shares of the financial services provider's stock valued at $796,596,000 after purchasing an additional 423,113 shares during the last quarter.

Crescent Point Energy Corp (CPG) Stock Price Down 3.8%

October 09, 2017

Days to cover decreased -4.0 to 7.0 and the percentage of shorted shares is 0.01% as of September 15. Dynamic Technology Lab Private Ltd purchased a new position in Crescent Point Energy Corporation in the 1st quarter worth about $187,000.

Exxon Mobil Corporation (NYSE:XOM) Seeing Rampant Activity Today

October 09, 2017

It has underperformed by 25.78% the S&P500. Analysts await Gilead Sciences, Inc. Vanguard Group holds 0% or 1.60M shares. The stock decreased 0.10% or $0.08 on October 6, reaching $80.38. CNA Financial Corp now owns 19,875 shares of the oil and gas company's stock valued at $1,630,000 after purchasing an additional 3,725 shares in the last quarter.

Sprint and T-Mobile expected to announce merger details this month

October 09, 2017

Sprint is the fourth largest mobile network operator in the United States and soon going to merge with T-Mobile. Sprint and T-Mobile also are continuing discussions around non-cash items, such as where the combined entity's headquarters will be located and executive management, according to the report.

Peacekeeper Killed In Attack On DR Congo Military Base

October 09, 2017

Friday's attack, in which two rebels were also wounded, was a rare frontal assault on United Nations forces charged with protecting civilians in Congo's east, where dozens of armed groups exploit mineral resources and prey on local residents.

Surge in German factory output points to strong GDP growth in Q3

October 09, 2017

Production of capital goods rose 4.8 percent and that of consumer goods gained 2.1 percent. Analysts had forecast output growth of just over 0.8 percent in August after a marginal contraction of 0.1 percent the previous month. "In combination with weakness in retail sales, this suggests that German GDP growth slowed slightly last quarter, but we are not particularly anxious given the impressive momentum in the first six months of the year".

Prices at the Pump Continue To Fall

October 09, 2017

The national average is also down 19.3 cents over the last month. AAA Michigan surveys daily fuel prices at 2,800 gas stations across the state. In Ann Arbor the average is down 5.1 cents per gallon to $2.44. "Gasoline supply has continued to improve and as temperatures begin to feel more fall like, demand for fuel will continue to decline". Patrick DeHaan, senior petroleum analyst for GasBuddy, says nationally, prices still stand about 15 cents per gallon higher than pre-Hurricane ...

Interpublic Group of Companies, (NYSE:IPG) Experiences Lighter than Average Trading Volume

October 09, 2017

After a recent scan, we can see that The Interpublic Group of Companies, Inc . Let's talk about the gap between analyst price targets for the next 12 months and The Goodyear Tire & Rubber Company (GT)'s current share price. The FCF Score of The Interpublic Group of Companies, Inc . Pembroke Management Ltd decreased Gp Strategies Corp (GPX) stake by 16.88% reported in 2017Q2 SEC filing.

Jones Lang LaSalle Inc (JLL) EPS Estimated At $1.60

October 09, 2017

A ratio over one indicates an increase in share price over the period. Sg Americas Securities Llc bought 10,387 shares as the company's stock declined 3.59% while stock markets rallied. The company was upgraded on Friday, March 24 by William Blair. Sterne Agee CRT initiated Jones Lang LaSalle Inc (NYSE:JLL) on Wednesday, August 26 with "Neutral" rating.

Germany Warns of Looming Financial Crisis

October 09, 2017

In an interview with the Financial Times he said the risks across the Eurozone are still "too high" and need to be reduced. The German, who has agreed to become the chairman of the German Bundestag, has also warned of the bubbles created in the new economies, thanks to the pouring of money from the central banks .

BAE Systems expected to cut 1000 Lancashire jobs

October 09, 2017

Sky News has learnt that BAE will announce that numerous job cuts will affect its Warton plant in Preston, Lancashire, with the company's new chief executive, Charles Woodburn, also "trimming" its workforce at other locations. Brexit is not believed to be a factor in the move, Sky said, citing sources close to the company. "We obviously have to review our (Typhoon) production demand very carefully", Mr Woodburn said in August.

Bengaluru airport to be the first Aadhaar-enabled airport in the country

October 09, 2017

In its statement, BIAL ( Bangalore International Airport Limited ) stated that the aadhaar based system will allow the airport to become a smart, intuitive and seamlessly connected. By December 2018, passengers can have a hassle-free access across all checkpoints. If implemented, passengers would need to give biometrics at each stage of airport process to eliminate the current practise of stamping "security checked" on physical boarding cards.

Nobel Prize for Economics goes to Richard H Thaler

October 09, 2017

The Nobel Prize committee said he explores "how limited rationality, social preferences and lack of self-control affect individual decisions and market outcomes". However, it is broadly considered as being equal to the other Nobel awards, and its victor also attends the presentation ceremony. The prize is given to an economist who has made a substantial contribution toward the subject, with an award of 9 million Swedish krona ($1.1 million, £844,000).

There are Some Changes Coming to the Driving Test from 4th December

October 09, 2017

Drivers will have 20 minutes of independent driving time (they now have 10 minutes). Driving tests are about to undergo the biggest change for generations in a bid to encourage motorists to be safer and more independent on the roads. The DVSA said the changes are being introduced to reduce the number of people being killed in collisions. "Making sure the driving test better assesses a driver's ability to drive safely and independently is part of our strategy to help you stay safe on ...

Qld calls on ACCC to give fuel price data

October 09, 2017

A damning report is claiming Brisbane motorists are being ripped off by profiteering petrol stations, to the tune of $50 million every year. "However when you look over the eight year study period this means it has costs Brisbane motorists a mind boggling $400 million".

Bosnia beaten in classic by Belgium, big boost to home nations

October 09, 2017

Cyprus, on 10 points, could have stayed in contention but an bad mistake by Konstantinos Laifis six minutes later let Greece back into the game. "It's my most important challenge". Nine minutes later, Jan Vertonghen used a great mistake made by the BiH team to put the visitors in lead again. But Carrasco scored just a minute later to hand Belgium all three points.

Hotel giant Accor set to acquire Mantra Group

October 09, 2017

In an announcement to the ASX this morning, Mantra said it had received an indicative all-cash bid of $3.96 per share, "being $4.02 per share less the final FY17 dividend that has already been paid, and including a potential special dividend".

Heavy rains likely in North Odisha in next 24 hours

October 09, 2017

Bhubaneswar Met office said, the upper air cyclonic circulation over North Bay of Bengal and neighbourhood has formed into a low pressure area over the bay and adjoining south Bangladesh. Meanwhile, rainfall occurred at a few places in the State with heavy rainfall recorded over south interior Odisha. A string of thunderstorms has been forecast to hover over Madhya Pradesh, Vidarbha, Chhattisgarh, Bengal, Jharkhand, Bihar, Odisha, Konkan & Goa, Madhya Maharashtra, Marathawada, Coastal ...

United Kingdom consumer spending spikes up in September, but trend gloomy: Visa

October 09, 2017

Face-to-Face expenditure has now declined on an annual basis throughout the past five months, with the rate of decline picking up slightly in September to -3.2%. "eCommerce continued to drive the growth in spending, however face-to-cace spending also played its part, demonstrating its first increase in twelve months", Philip Konopik, country manager with Visa Ireland, said.

Trial in Kim murder resuming with visit to Malaysian lab

October 09, 2017

The judge, prosecutors, defense lawyers and the Indonesian and Vietnamese suspects were to visit the chemistry laboratory to examine samples of the women's clothing before they are formally submitted as evidence. The lawyer said Huong wanted to go into the room to have a closer look at the evidence, which included her fingernail clippings and white jumper emblazoned with the "LOL" acronym for "laughing out loud".

Metlife Inc (MET) Lowered to Hold at TheStreet

October 09, 2017

The analysts noted that the move was a valuation call. Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods reissued a buy rating and issued a $59.00 target price on shares of MetLife in a report on Thursday, August 3rd.

Insiders Selling, Short Interest Growing RSP Permian, Inc. (NYSE:RSPP)

October 09, 2017

The stock decreased 1.62% or $0.56 on October 6, reaching $34.07. About 960,179 shares traded. Short traders are more bearish on shares of RSP Permian, Inc . The stock was sold at an average price of $31.47, for a total transaction of $391,707.09. 82,238 are owned by Cipher Cap L P. Lombard Odier Asset Mgmt (Usa) accumulated 211,849 shares.

Chevron Wheatstone project produces first liquefied natural gas

October 09, 2017

The company expects the second unit to start producing six to eight months after the first. "First LNG production is a significant milestone and is a credit to our partners, contractors and the many thousands of people who collaborated to deliver this legacy asset", Chevron chairman John Watson said.

Source says Harvey Weinstein to be suspended

October 09, 2017

Bloom's work for Weinstein had drawn criticism in some quarters since her firm usually defends women in such cases. 'I believe you' Oscar-winner Brie Larson responded to the allegations by saying she stood "with the courageous survivors of sexual assault and harassment...

Credit Accep Corp Mich (CACC) Stake Boosted by Howard Hughes Medical Institute

October 09, 2017

It has outperformed by 22.34% the S&P500. Credit Acceptance Corp had 18 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has a market capitalization of $5.58 billion, a PE ratio of 15.68 and a beta of 0.55. Hound Ptnrs accumulated 1.22M shares. The Firm has two Dealers financing programs: the Portfolio Program and the Purchase Program. Bancorp Of Montreal Can holds 0% or 33 shares.

Next Weeks Broker Price Targets For Brookfield Infrastructure Partners LP (NYSE:BIP)

October 09, 2017

Keefe Bruyette & Woods maintained the stock with "Hold" rating in Monday, September 18 report. The company was maintained on Friday, September 8 by BMO Capital Markets. Jacobs Levy Equity Mgmt holds 0.08% in Navigators Group Inc (NASDAQ:NAVG) or 70,610 shares. Therefore 0 are positive. Pfizer had 58 analyst reports since July 29, 2015 according to SRatingsIntel.

IShares Currency Hedged MSCI EAFE (HEFA) Declines 0.09% for Oct 7

October 09, 2017

A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. They may also be used to help the trader figure out reliable support and resistance levels for the stock.

NNPC Contracts: Buhari will not Disappoint Nigerians, Says VON DG

October 09, 2017

Ibe Kachikwu , declined comments after emerging from a closed-door meeting with President Buhari, over complaints of $25 billion contracts. He added, "We are probing them because we want to get to the root of this matter". President Buhari meets with Supreme Court justices. In order to conduct a thorough investigation into the grave allegations of the reckless contravention of the provisions of the Public Procurement Act, Mr.

Opec should adopt responsible pricing: Petroleum minister Dharmendra Pradhan

October 09, 2017

Speaking during his regular weekly broadcast on state-run VTV, Maduro said he discussed the issue at an October 4 gathering in Moscow with "25 ministers from the world's oil and gas producing countries". Ltd was set to receive its first crude oil shipment from the United States on 2 October, after Washington re-entered the export market past year. An email sent to RIL remained unanswered at the time of publishing.

WorleyParsons to acquire AFW UK

October 09, 2017

Engineering group WorleyParsons is seeking to raise $322 million to fund the acquisition of AFW UK Oil & Gas, which provides services to the oil and gas sector in the UK. WorleyParsons said AFW UK is a leader in its field on the UK Continental Shelf. WorleyParsons will raise capital to pay for the acquisition via a 1 for 10 full underwritten, pr-rata, accelerated entitlement offer.

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