Economy / 502

Ford issues 'critical warning' to park Rangers with deadly air bag

January 12, 2018

It previously reported a similar death in SC that occurred in December 2015. Thursday's warning came after the auto manufacturer said it confirmed a second death caused by a Takata airbag in an older pickup truck. Both Ford and NHTSA are reporting that the automaker will tow affected vehicles to a dealer for fix and provide a loaner. The Takata airbag recall is the largest in history, affecting more than 46 million airbag inflators.

Irn-Bru is still going to be available to buy in shops

January 12, 2018

The change comes after the United Kingdom government is set to introduced the so-called "sugar tax", which will tax the soft-drinks industry for drinks with over 5g of sugar per 100ml. A can of IRN-BRU today has just under 140 calories and in the future will have around 65 calories. The crackdown on sugar in the United Kingdom has resulted in the end of production for the beloved sugary beverage Irn-Bru.

Uber in Trouble Again Over Secret, Authority-Thwarting Software

January 12, 2018

Per Bloomberg , once instance occurred in Montreal in May 2015 where around 10 investigators from the provincial tax authority raided Uber's office with a warrant to search for evidence pertaining to an alleged tax violation against the company.

Former BHS boss guilty over pensions data

January 12, 2018

The Pensions Regulator is understood to still be pursuing Chappell for his contribution to the black hole in BHS's pension fund, to the tune of £10m. The 88-year-old company crashed just 13 months later with the loss of around 11,000 jobs and 164 stores.

Bitcoin conference unable to accept payment in bitcoin

January 12, 2018

This is not news to those who have been following the fluctuations in the bitcoin market, but it's a bad look for a conference meant to promote the future of cryptocurrencies. He told the site: "We wish this was easier, but no ticketing options exist which can handle large volumes of ticket sales, and transaction fees on the Bitcoin blockchain exceed $US30 at certain times of the day".

Seagate Technology plc (STX)- Delight your Morning with Active Stocks

January 11, 2018

Sky Investment Group Llc who had been investing in Newell Rubbermaid Inc for a number of months, seems to be bullish on the $15.24B market cap company. Valley National Advisers Incorporated has invested 0.13% in Seagate Technology plc (NASDAQ: STX ). Lsv Asset Mngmt reported 0.36% of its portfolio in Seagate Technology plc (NASDAQ: STX ).

What's Propelling Allison Transmission Holdings IN (NYSE:ALSN) After Higher Shorts Reported?

January 11, 2018

The insider Graziosi David S . sold 10,736 shares worth $428,453. It has underperformed by 4.16% the S&P500. Allison Transmission (NYSE: ALSN ) last issued its quarterly earnings data on Monday, October 30th. Robert W. Baird maintained it with "Buy" rating and $51.0 target in Tuesday, September 5 report. The firm has a market capitalization of $6,320.00, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21.

Simple Moving Averages under Consideration: Eldorado Gold Corporation (NYSE: EGO)

January 11, 2018

The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. As we all know, as quickly as a stock can drop in price, it can bounce back just as fast. If a firm has enough quick assets to cover its total current liabilities, the firm will be able to pay off its obligations without having to sell off any long-term or capital assets.

Barclays Now Covering Netflix (NASDAQ:NFLX) With $245 Target

January 11, 2018

On Tuesday, July 18 the stock rating was maintained by Stifel Nicolaus with "Buy". Jefferies maintained the shares of NFLX in report on Monday, September 25 with "Hold" rating . (NASDAQ:NFLX). 10,541 were accumulated by Private Wealth. 646,611 were reported by Barton Investment Mngmt. Hartford Invest Mgmt Co stated it has 281,927 shares.

Western Digital Corporation (WDC) Declares $0.50 Quarterly Dividend

January 11, 2018

Newtyn Management Llc decreased Hrg Group Inc (HRG) stake by 1.79% reported in 2017Q3 SEC filing. COPYRIGHT VIOLATION NOTICE: " Western Digital Corporation ( WDC ) Declares $0.50 Quarterly Dividend" was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal.

Axovant Sciences Ltd. (NYSE:AXON) Drops into Oversold RSI Range

January 11, 2018

When trading is lighter than usual, it is said to be "thin". These analysts use their knowledge, trade press, company financial reports, and other details such as conference calls in writing their research reports. In theory, the security is 50% more volatile than the market. This is based on a 1 to 5 formula where 1 indicates a Strong Buy and 5 a Strong Sell. Total debt to equity ratio of the company for most recent quarter is 0.39 while Long term debt to equity ratio for same time period ...

Do You Own Cliffs Natural Resources Inc. (NYSE:CLF) Shares?

January 11, 2018

After having $0.32 EPS previously, Tucows Inc.'s analysts see 131.25% EPS growth. Trading volume for Cliffs Natural Resources Inc. was 9.86 Million in its previous trading session. It also reduced Apple Inc (NASDAQ:AAPL) stake by 5,093 shares and now owns 49,658 shares. Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day.

What's Propelling Marathon Petroleum Corporation (MPC) to Reach 52-Week High?

January 11, 2018

Cullen Frost Bankers stated it has 0.01% in Marathon Petroleum Corporation (NYSE: MPC ). Welch & Forbes Lc holds 0.03% or 18,537 shares in its portfolio. Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is -1.90%, which is worse than the Independent Oil & Gas industry average ROE.

MGM Resorts International (MGM) Earning Somewhat Positive Press Coverage, Study Finds

January 11, 2018

MGM Resorts International (MGM) has a market cap of $19.07 billion and over the last 12 months, MGM Resorts International (NYSE:MGM) has gone stronger by 14.52%. Steadfast Capital LP has invested 1.08% in Ulta Beauty, Inc. Legal & General Public Ltd Com stated it has 0% of its portfolio in Federated Investors, Inc.

Robert W. Baird Cuts EOG Resources (EOG) Price Target to $114.00

January 11, 2018

The stock decreased 0.12% or $0.13 during the last trading session, reaching $112.58. 4,750,000 shares of the stock traded hands, compared to its average volume of 2,380,000. (NYSE:EOG) on Tuesday, October 10 with "Buy" rating. The firm earned "Hold" rating on Tuesday, June 13 by RBC Capital Markets. Canaccord Genuity has "Buy" rating and $18000 target.

Waitrose Posts 1.5% Increase In Like-For-Like Sales Over Christmas Period

January 11, 2018

The partnership's top line growth was dragged down by a slower expansion at Waitrose , where sales at stores open more than one year climbed 1.5 per cent. Chief executive Dave Lewis said: "Incorporating Palmer & Harvey volumes and complexity during this peak period was challenging, resulting in lost tobacco sales across December and putting further strain into our distribution network, particularly post-Christmas".

Vauxhall's value is not echoed in recent poor sales, says new boss

January 11, 2018

The new boss of Peugeot's (PEUP.PA) British Vauxhall brand said the future of the carmaker's Ellesmere Port plant, where a third of the workforce is being cut, is closely linked to Opel-Vauxhall's sales, which have nosedived in Britain. However, the Astra could also be produced at two PSA vehicle plants in France that now make similar-sized Peugeot and Citroën cars. PSA said that around 250 more jobs will be cut from Vauxhall's factory in northwest England, on top of the 400 cuts ...

Marriott China caught in nationalist groundswell

January 11, 2018

Following a preliminary investigation, the hotel's behaviour has been found to violate both the Cyber Security Law of the People's Republic of China and the Advertising Law of the People's Republic of China. Beijing, however, says Taiwan is an inseparable part of Chinese territory, "has never been a country and can never become a country". Thousands of outraged comments and reposts ensued, many urging a Marriott boycott.

Sam's Club plans to permanently close West Allis location

January 11, 2018

A number of customers and employee's tell News Channel 8 the Sam's Club located at 5153 S. Dale Mabry Hwy in South Tampa has closed. The White Oak Village location, in eastern Henrico County, was no longer listed as an active location on the Sam's Club website.

Circuit City to relaunch online next month, with stores on the horizon

January 11, 2018

Circuit City CEO Ronny Schmoel said the company will relaunch its e-commerce website on February 15 and eventually roll out small-scale versions of its stores as kiosks, store in-stores and other experimental settings. IBM Watson will serve as a personal shopping assistant online. This will be Circuit City's second attempt at a comeback. The company will relaunch online next month, while its physical presence in the form of stores is coming later.

NJ Transit trains to NY resume with major delays

January 11, 2018

NJ Transit service in and out of Penn Station was suspended because of a stuck bridge Thursday. The rail carrier said that trains on the Atlantic City Rail Line were experiencing delays of up to 45 minutes and that NJ Transit buses will cross-honor train passes along the line.

Dropbox files confidentially for IPO

January 11, 2018

TechCrunch has been hearing that the cloud company plans to go public in early 2018. Its last known valuation of $10 billion was during a 2014 funding round. Box has struggled to achieve profitability since its 2015 IPO, but Dropbox is said to be profitable already and on a rate to do $1 billion in revenue, according to Bloomberg .

Progress Software (PRGS) Issues FY18 Earnings Guidance

January 11, 2018

It has outperformed by 15.41% the S&P500. ValuEngine downgraded shares of Progress Software from a "buy" rating to a "hold" rating in a research report on Friday, December 1st. The firm has "Buy" rating by UBS given on Friday, February 3. The company has market cap of 620.20 million GBP. The Company's OpenEdge segment offers Progress OpenEdge, a development software, which manufactures multi-language applications for secure deployment across various platforms and devices, as well as ...

Analysts Set $121.50 Price Target for DST Systems, Inc. (DST)

January 11, 2018

Foster And Motley Inc has invested 0.08% in DST Systems, Inc. About 213,361 shares traded. It also could mean a sale of businesses outside DST's core data processing field, Heckmann said, such as DST Health Solutions and DST's real estate holdings that include some Kansas City area properties.

Ally Financial (ALLY) PT Raised to $36.00

January 11, 2018

Pierre, who has called the company one of the "most attractively valued financial stocks" and predicts that earnings will rise around 20% to $2.80 per share in 2018. Currently, 0.07% of American International Group, Inc. The Oregon-based Pacific Ridge Cap Ptnrs Ltd Limited Liability Company has invested 0.86% in West Bancorporation, Inc.

Feds investigating pilot's runway mixup at San Francisco airport

January 11, 2018

A potential tragedy was averted at San Francisco International Airport late Tuesday morning when an Aeromexico plane avoided landing on the same runway where another plane was waiting to take off. "Aeromexico Flight 668 was cleared to land on Runway 28R, and correctly read back that clearance. We're looking into why that happened", FAA spokesman Ian Gregor said.

Walmart to Raise Minimum US Wage to $11 an Hour

January 11, 2018

More broadly, according to a list compiled by Americans for Tax Reform , about 55 companies have announced one-time bonuses for employees following the tax overhaul. The benefit, which will be available to full-time hourly and salaried workers, will total $5,000 per child. Full-time hourly workers in the United States will get 10 weeks of paid maternity leave and six weeks of paid parental leave.

MoneyGram Partners With Ripple, Will Use XRP To Lower Costs

January 11, 2018

Money transfer companies, like MoneyGram , allow people to safely and efficiently send cross-border payments to friends, families and business partners. While existing money transfer companies need to have pre-funded accounts in different nations to ensure they are able to facilitate transactions, using XRP means the company can directly transfer funds from one country to another instead, Ripple chief executive Brad Garlinghouse said.

Woman demands full refund from Costco for 'dead' Christmas tree

January 11, 2018

A few days into January 2018 , a frugal woman dragged her dead Christmas tree to Costco, demanded a refund and got it. But not without a little bit of shaming from the store and other customers. Bizarrely, the woman apparently managed to get her money back in full despite taking the battered fir back a full 10 days after December 25. "Heartbreaking to think she may have needed that money so much, she lost all self-respect and dignity for it".

Delta Air Lines, Inc. (NASDAQ:DAL) To Release Earnings

January 11, 2018

It has underperformed by 4.87% the S&P500. Since October 12, 2017, it had 0 insider buys, and 8 insider sales for $19.55 million activity. $4.10M worth of stock was sold by Bastian Edward H on Tuesday, December 19. Wunderlich Capital Managemnt invested in 17,583 shares or 1.38% of the stock . Tocqueville Asset Mgmt LP owns 0.34% invested in Visa Inc. Boys Arnold & Inc reported 15,168 shares or 0.12% of all its holdings.

Nestlé Sells Violet Crumble Brand To South Australian Company

January 11, 2018

Manufacturing of Violet Crumble in Adelaide will start in September, after the Melbourne production line is moved across the border. "We have to do an enormous amount of work here to refit part of our factory", he said. Under the sale, Robern Menz will acquire the Violet Crumble brand and its associated intellectual property, plant and equipment. "We are delighted that the history and tradition of this iconic Australia brand will continue under the ownership of a strong, Australian ...

Canada launches trade dispute with U.S. through World Trade Organization

January 11, 2018

The U.S.is imposing duties of up to nine per cent on Canadian paper, following similar penalties against Bombardier and softwood lumber, over what the U.S. "Trump prefers bilateral negotiations with each of Canada and Mexico". But he questioned the strategic logic of antagonizing the Trump administration on the cusp of the potentially pivotal Montreal talks when it's already unhappy with both NAFTA and the WTO.

Marks & Spencer festive food and clothing sales fall

January 11, 2018

Food sales grew by 3.4 percent, and fresh food specifically by 3.7 percent in the six weeks before Christmas, he said, but weaker sales in general merchandise were a 0.6 percent drag and the disruption in tobacco supplies took a 0.5 percent toll.

India begins countdown for launch of 31 satellites

January 11, 2018

As the Mission Readiness Review committee and Launch Authorisation Board cleared the countdown, the space body today said, "The 28-hour countdown activity of PSLV-C40/Cartosat2 Series Satellite Mission has started at 05.29 hours IST today".

World's richest is now Amazon CEO Jeff Bezos

January 11, 2018

The Amazon founder passed Gates in October with a net worth of $93.8 billion and his fortune crossed $100 billion for the first time a month later when the holiday shopping season kicked off on Black Friday. Bill Gates now still sits on the No. 2 post on both of the fortune lists with roughly 92 billion dollars. Some argue that if not for his significant charitable contributions, Gates would still be worth far more than Bezos.

Black Friday and iPhone X sales drive 1.2 per cent rise

January 11, 2018

Most categories of the retail sector, with the exception of department stores and supermarkets, enjoyed stronger sales, and the spending was evident in every state and territory. The pain for consumers has been visible in falling household savings, which have dropped to their lowest levels in a decade, as consumers try to offset flat income growth.

Hyundai Is Investing in Grab, Uber's Biggest Rival in Southeast Asia

January 11, 2018

This latest round of investment by industry bigwigs should bolster Grab's position in Southeast Asia where it competes with key rivals such as the embattled Uber in markets like Singapore and Malaysia, as well as Go-Jek in Indonesia . Hyundai Motor vice chairman Chung Eui-sun said on Wednesday it is considering building a vehicle plant in Southeast Asia, possibly in Indonesia or Vietnam.

Judges Rules Mulvaney Can Still Lead Consumer Financial Protection Bureau

January 11, 2018

District Judge Timothy Kelly denied her request for a preliminary injunction, BuzzFeed reports . English says Cordray had legal grounds under the 2010 Dodd-Frank Wall Street reform law that created the agency to name his successor until a full-time director is chosen by President Donald Trump and confirmed by the U.S.

Norwegian Cruise Line (NCLH) Receives Daily News Impact Rating of 0.16

January 11, 2018

BCE Inc. (NYSE:BCE) has declined 2.36% since January 10, 2017 and is downtrending. It has outperformed by 27.93% the S&P500. Stifel Nicolaus maintained Norwegian Cruise Line Holdings Ltd. State Of Wisconsin Inv Board has invested 0.03% in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH). Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business's stock in a transaction that occurred on Monday, November 20th.

Employment key to better future, Economists tell Modi ahead of Budget

January 11, 2018

Earlier today, Prime Minister Narendra Modi interacted with experts and secretaries ahead of the Union Budget . During the session, experts shared their views on various economic themes such as the macro-economy, agriculture and rural development, employment, health and education, manufacturing and exports , urban development, infrastructure and connectivity, according to a statement from the Niti Aayog, which had organised the meeting.

Senate Dems Propose Bill to Penalize Credit Report Agencies for Breaches

January 11, 2018

Mark Warner of Virginia introduced a bill Wednesday that aims to make data breaches hurt companies' bottom lines. As the LA Times notes, the Data Breach and Compensation Act would also "add a $50 fine for each additional piece of compromised personally identifiable information for each consumer".

Residential real estate prices drop 3% in top cities

January 11, 2018

Zaidi said the market will recover slowly and gradually over the next 2-3 years. The Indian residential market is showing a "price crack" for the first time in many years. "This includes bouquet of incentives such as waivers on stamp duty, floor rise and assured rental schemes". The prices of assets in most of the cities have dipped while consumer price inflation (CPI) has risen.

K. Sivan appointed as new ISRO Chairman

January 11, 2018

Now the Director of Vikram Sarabhai Space Center in Thiruvananthapuram which is responsible for the design and development activities for all launch vehicles, Sivan will succeed A.S. He was the key person who worked on the technicalities of how the satellites would be placed in orbit. "I am humbled by this appointment as legendary leaders have held this position in the past", Sivan told NDTV.

Earnings Estimates Analysis of: The Boeing Company (BA), PayPal Holdings, Inc. (PYPL)

January 11, 2018

Finally, TIAA CREF Investment Management LLC lifted its position in shares of Paypal by 0.7% during the 2nd quarter. The company's market cap is $190.29 Billion, and the average volume is $3.15 Million. Paypal Holdings Inc (PYPL ) traded up $0.18 during trading hours on Wednesday, reaching $79.37. The company's P/E (price to earnings) ratio is 61.63 and Forward P/E ratio of 34.98.

$1.51 EPS Expected for Packaging Corporation of America (PKG)

January 11, 2018

Packaging Corp now has $12.14 billion valuation. Toronto Dominion Bank now owns 1,158 shares of the industrial products company's stock worth $129,000 after purchasing an additional 128 shares in the last quarter. Therefore 40% are positive. Wells Fargo & Co reaffirmed a "market perform" rating and issued a $130.00 price objective (up from $115.00) on shares of Packaging Corp Of America in a research report on Monday.

Xilinx INC (XLNX) Holder Blue Harbour Group LP Trimmed Position

January 11, 2018

The company has market cap of $18.73 billion. The stock increased 0.57% or $0.62 during the last trading session, reaching $109.94. In related news, CEO Moshe Gavrielov sold 1,400 shares of Xilinx stock in a transaction on Monday, October 30th.

Train Babcock Advisors LLC Cuts Position in Corning Incorporated (GLW)

January 11, 2018

Trading volume for Corning Inc. was 5.12 Million in its previous trading session. Corning (NYSE:GLW) last issued its earnings results on Tuesday, October 24th. Moreover, Goldman Sachs has 0.06% invested in Corning Incorporated (NYSE:GLW) for 8.55 million shares. Kbc Nv holds 1.93 million shares or 0.52% of its portfolio.

Recalled ice cream bars sold at Aldi and Giant, among other retailers

January 11, 2018

The orange cream bars and chocolate-coated vanilla ice cream bars were produced by Fieldbrook Foods Corporation at its plant in Dunkirk, New York, the Food and Drug Administration said. Most of the recalled products have have a production date of January 1-Dec. In addition to this public communication regarding this recall, Giant Eagle initiated its consumer recall telephone notification process.

Lockheed Martin Corporation (LMT) Rating Lowered to Hold at Vetr Inc

January 11, 2018

Ken Heebner increased its stake in Turquoise Hill Res Ltd (TRQ) by 430.9% based on its latest 2017Q3 regulatory filing with the SEC. Brandes Investment Partners Lp bought 671,094 shares as the company's stock declined 5.25% while stock markets rallied.

S.Korea's 10-yr treasury bond yield hits 3-yr intraday high

January 11, 2018

In Asia, the yen climbed for a second day as traders unwound short positions in the wake of the Bank of Japan paring back purchases of ultra-long dated bonds. The dollar, already under pressure versus the yen, slid 0.6 per cent versus a currency basket, its biggest one-day drop in a month. The BOJ on Tuesday reduced the amount of its buying in JGBs with 10 to 25 years left to maturity and those with 25 to 40 years to maturity by 10 billion yen each from its previous operations.

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