Business


SC couple starts class action lawsuit against Amazon over eclipse glasses SC couple starts class action lawsuit against Amazon over eclipse glasses
- August 31, 2017

Payne and Harris claim in the lawsuit that they did not receive notice of Amazon's recall and used the glasses during the total solar eclipse on August 21. They claim the Seattle-based company was negligent and are asking for an unspecified monetary award for damages. The suit says Amazon attempted to recall the glasses on August 19 "out of an abundance of caution" via email to purchasers. (more...)
Google Denies it Urged Firing by Think Tank of Critic Google Denies it Urged Firing by Think Tank of Critic
- August 31, 2017

Happily, Open Markets will continue as an independent outfit, chaired by NY uber-progressive Zephyr Teachout, who has belatedly noticed that Google spends vastly more on lobbying and on influencing thought than do the likes of the Koch brothers. (more...)
Harvey Taking His Toll on Gas Tanks Too
- August 31, 2017

Despite continued risks to oil and natural gas infrastructure, Wall Street had a muted response Monday. Damage has been done. USA refiners produced record amounts of fuel during the summer. In the USA, gasoline prices continued to rise, with Nymex reformulated gasoline blendstock-the benchmark gasoline contract-up almost 2.05% Thursday, at $1.67. (more...)
Newmont Mining Corporation (NYSE:NEM) Stock Closed Over Its 50 Day Average
- August 31, 2017

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Tuesday, July 25th. It has underperformed by 18.19% the S&P500. Envestnet Asset Mgmt reported 54,579 shares. 15,000 are held by Midas Management Corp. Tradewinds Cap Mngmt holds 0% or 201 shares. Hussman Strategic Advsrs holds 1.53% or 225,000 shares. In recent trading day Newmont Mining Corporation (NEM ) stock showed the move of 3.54% with the closing price of $38.30. (more...)
SpaceX Hyperloop pod breaks its own record with 355kph speed run SpaceX Hyperloop pod breaks its own record with 355kph speed run
- August 31, 2017

As it turned out, the pod just about trumped the winning team achieving a top speed of 355kph, but Musk added that at that point things began to heat up, and not in a good way describing it as like "racing in a tugboat". The concept involves pods or capsules travelling at extreme high speeds through reduced-pressure or vacuum tubes driven by linear induction motors and air compressors. (more...)
Dollar General Corporation Setting The Table For Earnings Dollar General Corporation Setting The Table For Earnings
- August 31, 2017

Several research analysts have recently weighed in on DG shares. Excluding items, Dollar General earned $1.10 per share, beating analysts' average estimate of $1.09. Finally, Gordon Haskett started coverage on Dollar General Corporation in a report on Tuesday, May 9th. The stock increased 0.58% or $0.1 during the last trading session, reaching $17.2. (more...)
Pernod Ricard Profits Up On Strong Sales Pernod Ricard Profits Up On Strong Sales
- August 31, 2017

The company says that this acceleration was driven by its strategic global brands, including Jameson and Martell , with 11 out of 13 brands in growth during the year. The large increase in cash flow greatly helped with reducing its net debt of €8.65 million to €7.85 million, leaving Pernod Ricard with a net debt to EBITDA ration of 3 at the end of June which was lower than last year's 3.4. (more...)
Europe's gasoline exports set to surge on Harvey outages Europe's gasoline exports set to surge on Harvey outages
- August 31, 2017

Oil refiners have shut down around 1 million bpd of refining capacity in Texas, Bloomberg reported on Friday, just as the storm was getting ready to hit the Gulf coast. Colonial Pipeline, the key artery sending gasoline up the East Coast, was still shipping barrels there but had faced flooding at origination points in Texas. (more...)
Procter & Gamble: A Good Stock, But Wait For A Pullback Procter & Gamble: A Good Stock, But Wait For A Pullback
- August 31, 2017

The overall volume in the last trading session was 3.68 million shares. The stock ended last trade at $8.11 a share and the price is up more than -37.81% so far this year. Renaissance Technologies Ltd Company reported 0.01% stake. Sterne Agee CRT initiated the shares of PG in report on Tuesday, July 21 with "Neutral" rating. (more...)
Palo Alto Networks, Inc. (NASDAQ:PANW) Expected To Report Earnings On Thursday Palo Alto Networks, Inc. (NASDAQ:PANW) Expected To Report Earnings On Thursday
- August 31, 2017

It improved, as 8 investors sold Alexander's, Inc. shares while 27 reduced holdings. The California-based Avalon Global Asset Lc has invested 6.76% in Palo Alto Networks Inc (NYSE: PANW ). Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Palo Alto Networks by 30.0% in the second quarter. A 7 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NYSE:MWA) or, if they already own its stock, sell it. (more...)
Today's Brokerage Rating: Gilead Sciences, Inc. (GILD), AT&T Inc Today's Brokerage Rating: Gilead Sciences, Inc. (GILD), AT&T Inc
- August 31, 2017

The stock decreased 0.05% or $0.05 during the last trading session, reaching $107.47. About 22.86 million shares traded or 168.63% up from the average. Highfields Capital Management Lp acquired 2.53M shares as Cenovus Energy Inc (CVE)'s stock declined 29.14%. (NASDAQ:GILD). Rosenblum Silverman Sutton S F Ca has 1.92% invested in Gilead Sciences , Inc. (more...)
Vail Resorts Announces Fiscal 2017 Year-end Earnings Release Date
- August 31, 2017

It has outperformed by 44.38% the S&P500. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in Vail Resorts by 15,556.3% in the second quarter. Its down 0.01, from 1.62 in 2016Q3. Sold All: 31 Reduced: 88 Increased: 107 New Position: 61. (NYSE: MTN) Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. (more...)
Zacks Investment Research Downgrades Vail Resorts, Inc. (MTN) to Sell
- August 31, 2017

It has outperformed by 44.38% the S&P500. Investors sentiment decreased to 1.41 in 2016 Q4. Its up 0.13, from 0.88 in 2016Q3. Janney Montgomery Scott Ltd Llc reported 0.05% in Vail Resorts, Inc. The stock has "Outperform" rating by Macquarie Research on Friday, March 11. The rating was maintained by Stifel Nicolaus with "Hold" on Friday, July 14. (more...)
Houston Athletes Raising Money To Help After Harvey Houston Athletes Raising Money To Help After Harvey
- August 31, 2017

The defensive end's fundraiser started with a target of $200,000 in flood relief. Watt then announced the new goal was $10 million. That puts Watt's totals at more than $8.5 million Wednesday evening. While the President used his trip to Texas as a phony photo op, people from Watt and other National Football League players to teams and athletes from all pro sports have pledged from one million to ten million dollars with honest efforts to help a city overcome the worst rainfall and ... (more...)
Titans controlling owner donates $1 million to JJ Watt's YouCaring drive Titans controlling owner donates $1 million to JJ Watt's YouCaring drive
- August 31, 2017

It was Wednesday afternoon, and the National Football League superstar and his Houston Texans teammates were on a bus, finally heading back home . "I've upped the goal to $10 million because everything is bigger in Texas", Watt said. (more...)
India's GDP slows down to 5.7 percent during June quarter India's GDP slows down to 5.7 percent during June quarter
- August 31, 2017

But in a survey released August, the government warned of looming forces threatening to drag on growth, including appreciation of the Indian currency and the roll out of a national goods and services tax ( GST ). The national income data showed GVA in the private corporate sector, which accounts for more than 75 percent in the manufacturing sector, fell 0.9 percent at current prices during April-June from a 10.2 percent growth in the same quarter of the previous year. (more...)
Top Performer of the day: Fusion Telecommunications International, Inc. (FSNN)
- August 31, 2017

Beta is a measure of the risk arising from exposure to general market movements as opposed to idiosyncratic factors. Trading volume is a hugely important consideration for any investor. Fusion Telecommunications Int'l, Inc. (NASDAQ: FSNN ). At the time of writing, the First Call consensus price target for the company is $3.00. Investors are usually on the lookout for the next great stock pick. (more...)
Are Analysts Bullish about Constellation Brands, Inc. (NYSE:STZ) after last week? Are Analysts Bullish about Constellation Brands, Inc. (NYSE:STZ) after last week?
- August 31, 2017

Check Point Software Tech Lt now has $18.26 billion valuation. This represents a $2.08 dividend on an annualized basis and a yield of 1.05%. About shares traded. Stifel Nicolaus maintained Constellation Brands, Inc. (NYSE:STZ) to report earnings on October, 4. They expect this year's earnings to rise 20.56% year-over-year to $8.15, followed by 12.15% growth in the next year to $9.14. (more...)
Gasoline jumps 4%, oil mixed as storm hits more refineries Gasoline jumps 4%, oil mixed as storm hits more refineries
- August 31, 2017

The so-called shale revolution has led to a surge in oil production in the USA, increasing the nation's exports of crude oil and gasoline to Mexico and other places in Latin America and diesel to Europe. and Citgo Petroleum Corp., began shutting Thursday, and are now readying to restart this week. The storm caused the closure of refineries in the United States oil-producing heartland, which traders fear will lead to bigger crude stockpiles and push down prices. (more...)
Sandra Bullock Donates $1 Million To Hurricane Harvey Relief Fund Sandra Bullock Donates $1 Million To Hurricane Harvey Relief Fund
- August 31, 2017

Hundreds of Red Cross volunteers and employees are now in the region impacted by Harvey , including more than 40 from CT. "To figure out if they are legitimate or not, you can ask them for their determination letter, which is the letter from the government that says they are a real non-profit", Leidinger said. (more...)
German Inflation Edges Higher To Ease Pressure On The ECB German Inflation Edges Higher To Ease Pressure On The ECB
- August 31, 2017

The euro was marked around 0.1% higher in the immediate moments after the release at 10:000 am London time and changing hands at 1.1895 against the US dollar, although it remains around 1.22% below the 2.5 year peak it reached in early Tuesday trading. (more...)
UK, Japan to hike 'pace of sanctions' against N. Korea: May UK, Japan to hike 'pace of sanctions' against N. Korea: May
- August 31, 2017

Britain and Japan said on Thursday they would cooperate in countering the threat posed by North Korea , two days after it fired a missile over northern Japan , and will call on China to exert its leverage. "But if that isn't an option, we are saying we need a transitional period.to mitigate the negative impact", he told AFP. The White House said in a statement: "Threatening and destabilising actions only increase the North Korean regime's isolation in the region and among all nations of ... (more...)
Setting Up Technical Traps: ON Semiconductor Corporation (ON), MGIC Investment Corporation (MTG)
- August 31, 2017

Seawolf Capital Llc decreased Mgic Invt Corp Wis ( MTG ) stake by 59.07% reported in 2016Q4 SEC filing. The hedge fund run by Boaz Weinstein held 358,187 shares of the property-casualty insurers company at the end of 2016Q4, valued at $3.65M, down from 517,448 at the end of the previous reported quarter. (more...)
Gasoline prices to spike as Hurricane Harvey hits petroleum system Gasoline prices to spike as Hurricane Harvey hits petroleum system
- August 31, 2017

Harvey was the first hurricane to hit US refineries since the country's emergence as a growing producer and exporter of oil, so the impact is expected to be felt further afield than with previous tropical storms. The discount for U.S. WTI versus Brent reached $5.92 a barrel on Tuesday, its widest in more than two years. Refineries operated at 96.6% of their operable capacity last week, the agency said. (more...)
Are drone deliveries the glue of Amazon, Whole Foods merger? Are drone deliveries the glue of Amazon, Whole Foods merger?
- August 31, 2017

While the two companies' price war has existed for years, it will be interesting to see how Walmart defends its turf and how Amazon plans to outmanuever its grocery rival in the long run. Some Whole Foods fans were anxious about Amazon's growing influence in their lives. She likes both stores, but "people who shop (at Whole Foods ) aren't too anxious about prices", she said. (more...)