Economy / 148

South Korea's Largest Crypto Exchange Upbit Raided By Authorities

May 12, 2018

Authorities in South Korea raided the UPbit cryptocurrency exchange's offices on Thursday and Friday, according to multiple media reports . This latest news isn't going to be well-received by crypto enthusiasts in Korea. The startup exchange notably refused to join other South Korean exchanges in support of self-regulation at the end of previous year. CoinNest's CEO and co-founder Kim Ik-hwan was among those arrested and charged.

AT&T says hiring Trump attorney Michael Cohen was a 'serious misjudgment'

May 12, 2018

Internal AT&T documents obtained by The Washington Post show how AT&T agreed to pay $600,000 to Cohen past year in exchange for guidance on policy matters, including issues it is facing at the Federal Communications Commission and its proposed deal with Time Warner .

India's Industrial Output Reduced Sharply to 4.4%

May 12, 2018

The gold jewellery segment contracted 66.5 per cent in March as compared with the same month a year ago, while production of hand tools contracted more than 67 per cent. One of the major reasons for slower output growth was unfavourable base effect of March 2017. Items that showed high negative growth include "Hand Tools incl.

Weekly Shaftesbury PLC (LON:SHB) Ratings as of May 11, 2018

May 12, 2018

The firm presently has an "overweight" rating on the real estate investment trust's stock. Below is a list of Avon Rubber p.l.c. (LON:AVON) latest ratings and price target changes. Neuberger Berman Gru reported 0.04% of its portfolio in Trifast plc (LON:TRI). Hammerson (LON:HMSO) had its price target cut by research analysts at JPMorgan Chase from GBX 725 ($9.83) to GBX 700 ($9.50) in a report issued on Thursday, May 3rd.

Aaradhya Bachchan Is The Star Of Aishwarya Rai's Instagram Debut

May 12, 2018

Aaradhya is seen as an infant and both the mother and daughter are in silhouettes. Aishwarya Rai Bachchan marked her Instagram debut today and the actress chose to follow the footsteps of Aamir Khan . Asking for a picture credit, which surely is clicked by Junior Bachchan himself, the actor wrote, "How about a photo credit Mrs. B?". "Only a parent would understand how I feel".

Walmart likely to take Flipkart public in as early as 4 years

May 12, 2018

Last week, Walmart Inc announced acquisition of 77 per cent stake in Flipkart for about Dollars 16 billion (Rs 1.05 lakh crore) in the largest e-commerce deal which will give the United States retailer access to the Indian online market that is estimated to grow to USD 200 billion within a decade.

Volkswagen and Seat issue warning over seatbelt fault

May 12, 2018

It is understood the number of Irish cars affected, including those in stock, is likely to be around the 2,000 mark. Volkswagen has stated that it is better not to use the rear middle seat belt lock until the issue gets rectified. He added: "Our temporary advice is. if no one is seated in the centre seat at all until the refit is installed, there can't be any force applied to release the left rear seatbelt lock".

AT&T paid Trump lawyer to advise on Time Warner deal

May 12, 2018

The payments were made to Essential Consultants , a company created by Cohen one month before the 2016 USA presidential election. Stephenson announced that Bob Quinn, one of the executives involved in the Cohen deal, "will be retiring". "Let this serve as formal notice - there is significantly more evidence and facts to come relating to Mr. Cohen's dealings and Mr. Trump's knowledge and involvement", Avenatti said on Twitter Friday.

On Camera: Truck jumps onto concrete median, mows down two light poles

May 12, 2018

It hits two light poles, which come down in the other lane. The collision occurred along the Interstate 43 near Hampton, according to ABC News . Both poles landed in oncoming traffic, but even with the falling poles and debris, amazingly, no one was hurt.

Annual 'Stamp Out Hunger' food drive set for Saturday

May 12, 2018

All they have to do is to leave some non-perishable food items by their mail box Saturday morning for their letter carrier to pick up when he or she is making their rounds. We ask that you find it in your heart to help the letter carriers. Partners in the endeavor include United Way, AARP Foundation and several other labor unions.

Magellan Midstream Partners LP (NYSE:MMP) Institutional Investor Sentiment Is 0.76

May 12, 2018

The firm's stock has a market capitalization of $2.09 bln. According to analysts Rice Midstream Partners LP (NYSE:RMP)'s minimum EPS for the current quarter is at $0.33 and can go high up to $0.4. The stock underperformed the S&P500 by 36.00%. The investment professionals in our partner's database now own: 134.60 million shares, up from 134.51 million shares in 2017Q3.

Technical Bulletin for Twenty-First Century Fox, (FOXA)

May 12, 2018

Carbonite, Inc. traded 732651 shares at hands versus to its average volume of 432.6K shares. Institutional Ownership/ Insider Ownership: Twenty-First Century Fox, Inc . The stock rating was maintained by Piper Jaffray with "Buy" on Friday, December 15. The stock is now showing YTD performance of 9.82 Percent. The company was maintained on Monday, June 12 by Pivotal Research.

Pattern Energy Group (PEGI) Stock Rating Lowered by ValuEngine

May 12, 2018

Ci Incorporated has 0.68% invested in Pattern Energy Group Inc . (NASDAQ: PEGI ) has declined 11.28% since May 11, 2017 and is downtrending. PEGI underperformed by 22.83% the S&P 500. To measure price-variation, we found PEGI's volatility during a week at 2.5% and during a month it has been found around 1.98%. Hite Hedge Asset Management Llc decreased Antero Midstream Gp Lp stake by 87,255 shares to 126,717 valued at $2.50 million in 2017Q4.

Ford Could Reopen Two US Truck Plants Next Friday

May 12, 2018

One of the biggest sellers in all the automotive realm is the Ford F-150 truck. Ford noted that while the F-150 and Super Duty trucks production is affected by the parts shortage, it had an 84-day supply of the vehicles on hand and that the supply should meet demand until production is back up and running.

Higher oil prices lift Wall Street after USA quits Iran deal

May 12, 2018

Beverage makers and other consumer goods companies were among the laggards. The health sector's gains outweighed losses in technology stocks, phone companies and banks. Japan's Nikkei 225 stock index added 0.2 percent and Hong Kong's Hang Seng index climbed 1.4 percent. The top losers on the S&P 500 included Victoria's Secret owner L Brands, which fell 7.65 percent, and Booking Holdings, formerly called Priceline, which dropped 5.5 percent.

Cabot Oil & Gas (COG) Rating Lowered to Neutral at Citigroup

May 12, 2018

Take a review on its volatility measure, 1.72% volatility was grasped in a month and for the week it was witnessed at 1.66%. Cabot Oil & Gas has a twelve month low of $22.58 and a twelve month high of $23.11. (NASDAQ: JNCE ) has seen its SMA20 which is now -17.29%. The 20-day SMA may be of analytical benefit to a shorter-term trader since it follows the price more closely, and therefore produces less lag than the longer-term moving average.

Prestige Brands (PBH) Releases Quarterly Earnings Results

May 12, 2018

Return on equity (ROE) recorded at 41.10%. Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share. Just before market bottoms, volume will often increase due to panic-driven selling. The higher the ratio, the more financially secure a company is in the short term.

New US bill to target Chinese industry

May 12, 2018

Following the latest export ban , ZTE has said "the major operating activities of the company have ceased" while it attempts to have the sanctions removed or modified. In a ZTE research and development centre in Beijing, employees remained at work, with a warning posted on the wall of their office. "They've stopped production of all products that have chips in them", said Zhao, the buyer, who declined to give his full name, adding that if production completely stopped for a year, "all ...

Court nullifies suspension of Nigerian senator

May 12, 2018

However, the court declined to grant any of the seven reliefs Omo-Agege sought in his suit. The news outlet reports further that the judge claimed that based on the wordings of the report of the Senate's Ethics and Privileges Committee which recommended Omo-Agege's suspension, the senator was punished for filing a suit against the Senate after apologising to the legislative house over the allegation leveled against him.

Evansville High School Among Nation's Best

May 12, 2018

That makes D-B the second-highest ranked school in Northeast Tennessee, behind University School in Johnson City, a limited enrollment school that also earned a silver, but ahead of Science Hill and Greeneville , both silvers, and Johnson County , Elizabethton , Unicoi County and Sullivan South , all bronzes.

AT&T CEO calls decision to hire Trump fixer Michael Cohen 'serious misjudgment'

May 12, 2018

All AT&T employees worldwide Team, Our company has been in the headlines for all the wrong reasons these last few days and our reputation has been damaged. Novartis also said Cohen approached them and offered his consulting services. Stephenson said general counsel David McAtee would be taking over the functions of Quinn following his retirement.

Facebook is reportedly thinking about launching its own cryptocurrency

May 12, 2018

Facebook is making the leadership changes after a broad review of all the company's products and their privacy holes, sparked by the revelation in March of a data leak that exposed personal information on tens of millions of users. This week's edition Recode reported that Facebook creates unit to study the technology of the blockchain. "We don't have anything further to share", the spokesperson said .

The FCC Just Gave Net Neutrality A Final Date

May 12, 2018

The FCC adopted its Restoring Internet Freedom Order in December. "I raised my voice to fight for internet freedom". "And that's exactly what we've had for decades, starting in the Clinton Administration". A spokeswoman for Underwood told Reuters that state attorneys general have not sought a stay of the FCC order yet. Once they take effect, the new FCC rules would give internet service providers sweeping powers to change how consumers access the internet but include new transparency ...

Robinhood Surpasses E-Trade in User Numbers

May 12, 2018

Stock trading firm Robinhood has raised an astounding $363 million in Series D round led by DST Global. Robinhood Financial, a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), leverages low-latency trading systems used by some of the world's largest financial institutions to enable self-directed orders to receive the best possible trade execution.

AT&T exec out in Michael Cohen payment scandal

May 11, 2018

Executive Vice President Bob Quinn , whose unit retained Cohen, will retire. Reuters obtained the memo Friday morning. The company also revealed that Cohen approached them about consulting opportunities to give insight into Trump's thinking at the beginning of the administration.

NVIDIA Corporation (NVDA) on Focus After Trading At 52-Week Highs

May 11, 2018

Geode Capital Management LLC grew its holdings in shares of Nvidia by 7.7% during the fourth quarter. Bluestein R H & stated it has 119,705 shares or 1.2% of all its holdings. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. In the latest week NVIDIA Corporation ( NASDAQ : NVDA ) stock volatility was recorded 2.39% which for the previous full month was noted 2.85%.

Dropbox's Stock Down Despite a Strong Q1

May 11, 2018

Macquarie started coverage on Dropbox in a report on Tuesday, April 17th. Canaccord Genuity initiated Dropbox, Inc . (NASDAQ: DBX ) has "Buy" rating given on Tuesday, April 17 by Piper Jaffray. It has underperformed by 11.55% the S&P500. In addition to a strong quarter, the company also announced a higher-than-expected guidance, with sales expected to range between $1.34 billion to $1.35 billion for the full year, which is also above the $1.33 billion that analysts expected for 2018.

Starbucks toilets will now be open to all, chairman says

May 11, 2018

The company made the announcement following the backlash against a Starbucks manager in Philadelphia, who phoned the police on two black men who wanted to use the toilet. 'It's the company that's responsible'. Starbucks is temporarily closing all of its 8,000-plus company-owned stores in the USA along with its corporate offices on the afternoon of May 29 for racial-bias training for staff members.

Gamestop CEO Michael Mauler Unexpectedly Resigns After Just Three Months

May 11, 2018

Daniel DeMatteo, a co-founder of the video game and consumer electronics company, will be the interim CEO. He will also continue to serve as executive chairman and director. Mauler had just been appointed to the position in February after the late J. Paul Raines stepped down a year ago due to health reasons. GameStop is no stranger to hard times as the video game market is seemingly moving away from physical media and instead, embracing digital downloads with the prevalence of services such ...

Zoopla-owner ZPG 'sold' to U.S. tech fund for £2.2bn

May 11, 2018

It marked the latest in a string of overseas acquisitions targeting British companies, especially in the mid and small-cap space. "It has established strong positions in property classifieds, home and financial services markets by innovating in product and marketing", said Silver Lake's Simon Patterson.

Barclays CEO fined £642k by regulators

May 11, 2018

Mark Steward, FCA executive director of enforcement and market oversight, said: "Given the crucial role of the chief executive, the standard of due skill, care and diligence is more demanding than for other employees". The Financial Conduct Authority and Prudential Regulation Authority fined Staley for making "serious errors of judgement" in response to a letter received in June 2016 which made various allegations, including some involving Staley.

Symantec Is Conducting an Internal Investigation As Shares Take a Tumble

May 11, 2018

A number of other brokerages have also recently commented on SYMC . Mutual Of America Cap Mgmt Lc holds 0.04% or 94,236 shs. Symantec Corporation says it has contacted advisors to help with the investigation. $28.78's average target is 50.92% above currents $19.07 stock price. The broker also noted it was "shocking" that Symantec had scrapped the question-and-answer portion of its conference call with analysts following its quarterly earnings report on Thursday .

Hiring Donald Trump's lawyer was a 'big mistake', says AT&T

May 11, 2018

In an internal memo to employees, obtained by The Associated Press, CEO Randall Stephenson called the hiring a "serious misjudgment, '" and said that the company's chief lobbyist in Washington is leaving. White House Press Secretary Sarah Sanders referred questions about Cohen to Trump's outside counsel, but said Cohen's private business dealings did not involve the administration.

London plans to ban junk food advertising on public transport

May 11, 2018

They have been introduced to tackle what the Mayor of London describes as a "ticking timebomb" of child obesity. Mr Khan said "bold steps" were needed to "do right" by young people, and to minimise the huge strain being placed on an under-pressure health service.

Boston Dynamics' Robot Runs, Jumps & Scares The Crap outta Us

May 11, 2018

Not to be outdone, SpotMini has been upgraded with autonomous navigation capabilities. This section also shows us that SpotMini can walk backward or forward, and change between those types of movement, easily. But some experts in the field warn about the dangers of letting such technology run unchecked, saying that advanced robotics mixed with artificial intelligence could be disastrous.

Elon Musk boasted nearly finished the tunnel under Los Angeles

May 11, 2018

Elon Musk first shared his vision for the company in December 2016, promising to solve traffic woes with networks of tunnels for city centers. The new tunnel is expected to be 30 to 70 feet below ground and will not have any stations along the way, which will help avoid major utility lines and other underground hazards that can slow or complicate construction, the company said.

Npower Announces Price Increase for 1 Million Customers

May 11, 2018

And, much like other utilities to have increased prices in recent months, particularly British Gas , Npower has said the increase stems largely from increases in policy and wholesale energy costs, factors the company said were "widely acknowledged" to have continued to rise since the last time it increased bills in March previous year.

Thomas unemployment rate falls to 5.7% in April

May 11, 2018

Montreal's jobless rate remained at 6.1 per cent while it dropped slightly in Quebec City to 3.6 per cent from 3.7 per cent the previous month. In Gatineau, the unemployment rate actually increased to 4.8 per cent from 4.7 per cent, as the labour force grew by 1,600 - more quickly than employment did.

Korea's Largest Virtual Currency Exchange

May 11, 2018

Upbit confirmed the investigation in a note posted on its support website and said that its services are still operational. "The whole world is now framing the outline (for cryptocurrency ) and therefore (the government) should rather work more on normalization than increasing regulation", Choe Heung-sik, chief of FSS, the agency responsible for this investigation against Upbit, told reporters in February this year.

Binani Cement deal: SC won't intervene 'for now' in Dalmia-UltraTech tussle

May 11, 2018

It also gave a chance to Dalmia Bharat to match Ultratech's bid, and if required all parties-banks, Ultratech and Dalmia Bharat could meet across the table and have a form of open bidding for Binani Cement . The tribunal had also asked the lenders a revised bid from Dalmia if the company wished to offer. The apex court last month had rejected the demand for an out-of-court settlement between the promoters of Binani Industries and UltraTech.

Setback for Modi after Trump's withdrawal from Iran nuclear deal

May 11, 2018

Richard Nephew, senior research scholar at Columbia University's Center on Global Energy Policy, added that China and India may continue to buy Iranian oil even in the face of US sanctions, negating some of their impact. Both the IEA and Saudi Arabia issued statements saying they will monitor the status of the oil market and step in if a shortage materializes. Mr Ng suggested that these triggers are significant enough to even tilt the oil market "into deficit".

Mayor Durkan offers her own, smaller Seattle head-tax plan

May 11, 2018

An amendment to the $75 million proposal, meant to bring it closer in line with Durkan's criteria, would do away with the payroll tax. Both plans would funnel revenue towards building affordable housing and adding homelessness services and shelters.

United Kingdom momentum will bounce back, BoE's Carney says

May 11, 2018

He argued that the "underlying pace of growth remains more resilient than the headline data suggest", though the bank still had to revise down its forecast for this year's growth to 1.4 percent from 1.8 percent. "There was value in seeing how the data unfolded over the coming months, to discern whether the softness in Q1 might persist", they said. The ONS released data today showing that industrial production expanded just 0.1% in March from February.

US stocks end higher boosted by oil, bank shares

May 11, 2018

The S&P energy index rose 2.2 percent as oil prices hit their highest levels since late 2014 after Trump announced the "highest level" of sanctions against the OPEC member. Papa John's worldwide dropped 3.7 percent to $56.55 after the pizza chain's first-quarter results fell short of analyst estimates. Disney shares fell 1.8 percent to $99.97.

Buys Shares of 899 Nvidia (NVDA)

May 11, 2018

Investors must have been hoping for a boost to Nvidia's $0.60 annual dividend. SB Investment Advisers UK Ltd. bought a new position in Nvidia during the 4th quarter valued at approximately $5,200,218,000. Citigroup maintained the stock with "Buy" rating in Friday, February 9 report. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-five have issued a buy rating and one has assigned a ...

FCC Drops $120M Fine on 'Kingpin of Robocalling'

May 11, 2018

Abramovich declined to answer some questions about his case, invoking the U.S. Constitution's Fifth Amendment right against self-incrimination. Abramovich was responsible for the most extensive caller ID spoofing schemes we have ever encountered, and he caused companies and individuals extensive harm.

Consensus Analyst Ratings in Focus for Mondelez International, Inc. (NASDAQ:MDLZ)

May 11, 2018

Telenor ASA, together with its subsidiaries, operates as a telecommunication firm worldwide. Over the last 5 trading sessions, the stock has moved -6.8%. (NASDAQ:PEP). Morgan Stanley stated it has 15.27M shares or 0.5% of all its holdings. New Mexico Educational Retirement Board owns 137,285 shares or 0.62% of their U.S.

Trump seen facing rebellion from biggest Iran oil customers

May 11, 2018

United States re-imposition of oil sanctions will initially impact less than 200,000 barrels per day of crude supplies and less than 500,000 barrels per day of supplies six months after from Iran, S&P Global Platts said , citing a survey conducted with analysts.

Analysts' Activity to Watch: Keane Group Inc (FRAC)

May 11, 2018

The company now has a consensus rating of "Buy" and an average price target of $20.63. Zacks Investment Research cut Keane Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 20th. On Tuesday, May 8 Citigroup maintained Keane Group , Inc. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E.

WestJet Pilots Vote to Strike

May 11, 2018

About 95 per cent of WestJet's 1,500 pilots and WestJet Encore's 500 pilots voted. However, the union said that pilots will not strike until after the Victoria Day long weekend so as not to affect travel plans. Porter Airlines spokesman Brad Cicero said Porter doesn't anticipate any modification of its schedules or fares. Still, a strike at Canada's second-largest airline would be a huge blow to consumers and a giant pain for WestJet.

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