Business


Indivior Shares Plunge Amid Generics Threat to Suboxone Opioid Treatment Indivior Shares Plunge Amid Generics Threat to Suboxone Opioid Treatment
- September 01, 2017

The company plans to appeal the ruling , in which a US District Court judge found that a copy of the treatment from Dr Reddy's Laboratories doesn't infringe on Indivior's patents. RBC's model suggested a range of 350p-422p was possible for Indivior's shares, with the upper end suggesting its RBP6000 subcutaneous long-acting monthly depot injection of buprenorphine could receive regulatory approval by the end of November even if Dr Reddy's launches and Indivior loses 20% market share per ... (more...)
Analysts Set Informa Plc (INF) PT at $775.00 Analysts Set Informa Plc (INF) PT at $775.00
- September 01, 2017

It has underperformed by 11.68% the S&P500. Citigroup has "Neutral" rating and GBX 485 target. Stifel Nicolaus' price objective indicates a potential upside of 14.86% from the stock's current price. The stock's 50 day moving average price is GBX 948.92 and its 200 day moving average price is GBX 923.43. Teleflex had 15 analyst reports since July 31, 2015 according to SRatingsIntel. (more...)
Volkswagen and Toyota launch diesel scrappage schemes Volkswagen and Toyota launch diesel scrappage schemes
- September 01, 2017

SEAT scrappage savings range between £1,500 and £3,500 and discounts on new Skodas vary between £1,500 and £4,000. VW's United Kingdom scheme will apply to any diesel vehicle that has emissions standards lower than Euro 5 and was registered before 2010. (more...)
Exxon Shuts Giant Refinery As Harvey Hits Texas Energy Hub Exxon Shuts Giant Refinery As Harvey Hits Texas Energy Hub
- September 01, 2017

EDT to $46.35 per barrel. Under such conditions, the International Brent crude from the North Sea fell 23 cents lower at $51.77 dollars per barrel and touched a more than one-week low. Pump prices have surged. "There are refineries in China that depend on US crude oil ". Add to that, the continued disruption to Texas's energy hub in the wake of Tropical Storm Harvey and pipeline disruptions in Libya, and investors have grown less anxious about a post-storm crude supply glut. (more...)
US Refinery Capacity at Seven-Year Low as Harvey Rolls East US Refinery Capacity at Seven-Year Low as Harvey Rolls East
- September 01, 2017

The impact on crude production is lower than the refinery impact, with about a million barrels per day offline, or about 11 percent of total USA output, according to Goldman Sachs. Any disruptions to the conduit would send prices across the U.S. Southeast and Northeast soaring. Meanwhile, crude prices have stabilised somewhat after losing more than $1 yesterday as demand dropped. (more...)
Bajaj Auto total sales at 3.35 lakh units in August 2017 Bajaj Auto total sales at 3.35 lakh units in August 2017
- September 01, 2017

Total motorcycle sales were at 2,83,861 units as against 2,79,911 units in August a year ago, up 1.4 per cent. Maruti Suzuki is up 1.6% at Rs 7823, after advancing to a high of Rs 7835 earlier in the session. While sales in domestic market increased by 13 per cent, the same in export markets went up by 12 per cent. S Ravikumar, President - Business Development, Bajaj Auto is upbeat on the exports getting back on track for the company. (more...)
Shocking!!! Catholics join Muslims to celebrate Eid el-Kabir Shocking!!! Catholics join Muslims to celebrate Eid el-Kabir
- September 01, 2017

Hon. Buhari, who returned to the country penultimate Saturday after spending 104 days in London, United Kingdom on medical grounds, again thanked Nigerians who prayed for his recovery and had continued to extend their goodwill and support after his return to the country. (more...)
Eurozone Unemployment Rate Hits 8-Year Low Eurozone Unemployment Rate Hits 8-Year Low
- September 01, 2017

This year's pick-up in growth has stoked talk in the markets that the bank will soon follow the U.S. Federal Reserve in bringing an end to the emergency measures it put in place during the past few crisis-ridden years. It hit a two-and-a-half-year high of $1.2069 (0.9367 pounds) on Tuesday before edging back below $1.19 on Thursday. It rose for six consecutive months through August, briefly touching a 2-1/2 year high above $1.20 this week. (more...)
Energy Dept. Taps Into Oil Reserves as Gas Prices Rise Nationwide Energy Dept. Taps Into Oil Reserves as Gas Prices Rise Nationwide
- September 01, 2017

USA gasoline prices surged anew after Colonial Pipeline Co., which operates the biggest US fuel transport system, said it would shut its main lines to the Northeast amid outages at pumping points and lack of supply from refiners. The Energy Department has said repeatedly it stands ready to provide assistance "as deemed necessary" to release crude from the reserve. "We already heard that some Asian refiners are trying to send gasoline to the USA, this is in addition to the traditional ... (more...)
Birmingham City agree deal to sign former Barcelona midfielder Alex Song Birmingham City agree deal to sign former Barcelona midfielder Alex Song
- September 01, 2017

Having spent the first half of last season at Eibar in La Liga, Jota returned to Griffin Park for the second half of the season. The 28-year-old Frenchman, also formerly of Monaco and St Etienne, has arrived at Craven Cottage on a two-year deal. (more...)
Liberty Global Earns News Affect Recommendation of 0.18
- September 01, 2017

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Liberty Global PLC by 24.5% in the first quarter. The firm owned 3,174,400 shares of the company's stock after buying an additional 2,276,400 shares during the period. The rating was maintained by Pivotal Research on Friday, January 27 with "Buy". Pivotal Research maintained the stock with "Buy" rating in Tuesday, August 8 report. (more...)
Local volunteers help Texas relief efforts Local volunteers help Texas relief efforts
- September 01, 2017

Bank. "We are grateful to all of the Red Cross disaster workers from right here in New Jersey who are leaving their families and heading to Texas to help". U.S. Bank also matches employee donations through its matching gift program. Boeing Co., which builds its 787 Dreamliner commercial plane in North Charleston, is committing $1 million toward disaster relief efforts in Texas in the wake of Hurricane Harvey. (more...)
What if Trump ditched the GOP? What if Trump ditched the GOP?
- September 01, 2017

Mika Aaltola, director of the North American sector at the Finnish Institute for International Affairs, said the mention of F18 by Trump can be understood as an advisory that the United States wants something back in return for the protection of Finland. (more...)
Markets recover after Korea shock and ahead of US GDP Markets recover after Korea shock and ahead of US GDP
- September 01, 2017

Euro zone stock markets rallied as the euro slipped, rising to an intraday high after the European Central Bank report. With Tropical Storm Harvey shutting over a fifth of USA refineries, US gasoline futures RBc1 were up 4.4 percent at $1.8624 a gallon, having hit $1.9231, the highest since July 2015. (more...)
The Royce & Associates LP Maintains Position in Cabot Corporation (CBT)
- September 01, 2017

Royce & Associates LP continued to hold its stake in shares of Cabot Corporation (NYSE:CBT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm presently has a "hold" rating on the oil and gas exploration company's stock. The stock of Cabot Corp (NYSE:CBT) has "Buy" rating given on Tuesday, August 15 by J.P. (more...)
Gas prices in IL, country increase because of Harvey Gas prices in IL, country increase because of Harvey
- September 01, 2017

Harvey-driven prices could remain up through September and into October, Casselano and others said , but the determining factor will be the length of time taken by Gulf Coast refineries to return to full production. Rains and flooding have idled about 15 percent of the nation's refinery capacity. The national average gas prices was $2.449 on Thursday, Aug. 31, 2017, a 10-cents jump from last week in the wake of Hurricane Harvey . (more...)
Between The Numbers: Mattel, Inc. (MAT), Patterson-UTI Energy, Inc. (PTEN) Between The Numbers: Mattel, Inc. (MAT), Patterson-UTI Energy, Inc. (PTEN)
- September 01, 2017

Old Mutual Customised Solutions (Proprietary) Limited has 0.02% invested in Patterson-UTI Energy, Inc. Global Equities Research maintained Tesla Inc ( NASDAQ :TSLA) on Tuesday, September 22 with "Overweight" rating. The firm had a rise in short interest from July 31, 2017 to August 15, 2017 of 1.21%. It has outperformed by 16.21% the S&P500. It tells an investor how quickly a company is increasing its revenues. (more...)
Myntra's private brands business posts profit Myntra's private brands business posts profit
- September 01, 2017

The company expects to clock a run rate of $300 million by end of FY18, which is a growth of 100% over the previous fiscal. Myntra is looking to increase its sales (gross merchandise value) this festive season by 50% over a year ago through its private brands and readying several parallel strategies to meet the target. (more...)
Crude Oil Prices Remain Pressured by Tropical Storm Harvey Crude Oil Prices Remain Pressured by Tropical Storm Harvey
- September 01, 2017

It can take weeks or even months to get new electrical equipment and other parts installed to fix damage from flooding. "With fully 20 percent of the US refining capacity offline, attention has been focused on potential shortages in refined products", said Jeffrey Halley, analyst at futures brokerage OANDA. (more...)
U.S. to Release Oil From Strategic Reserve Due to Harvey U.S. to Release Oil From Strategic Reserve Due to Harvey
- September 01, 2017

Goldman Sachs sees "property damages in the range of $30 billion" from Harvey in Texas, and a reduction in overall USA economic growth due to storm-related energy disruptions. And the USA shale oil boom has lifted production so high that the country is brimming with enough crude to soften the blow from Harvey. The Commission had expected most idled production to come back online in the next few days. (more...)
Oil prices edge lower after Hurricane Harvey rips through Texas Oil prices edge lower after Hurricane Harvey rips through Texas
- September 01, 2017

But gasoline futures, which reflect wholesale prices and eventually trickle down to consumers, have started to spike again. The largest refinery in the U.S. These total and partial shutdowns have wiped out about 4 million barrels of refining capacity, Platts estimates. That gives the country a cushion when dealing with a disaster like Harvey. (more...)
ICE warns Harvey victims of people impersonating immigration agents ICE warns Harvey victims of people impersonating immigration agents
- September 01, 2017

HSI special agents generally carry out the investigative and often non-immigration related mission of the agency, which includes everything from financial crimes and art and antiquity theft to transnational gang activity. ICE recalled that all those officers who represent the HSI should wear "special agent" badges which "members of the public can ask to see and verify". (more...)
Active Mover -: Uni-Pixel, Inc. (UNXL)
- September 01, 2017

During last 5 trades the stock sticks nearly -50.90%. Analysts use volume trends to assess the level of conviction behind a stock's price changes. The stock has Return on Assets (ROA) of -282.3 percent. Simply put, volatility is a reflection of the degree to which price moves. More extreme high and low levels-80 and 20, or 90 and 10-occur less frequently but indicate stronger momentum. (more...)
Celgene Corporation Position Trimmed by Isthmus Partners
- September 01, 2017

It has outperformed by 56.14% the S&P500. Ghost Tree Capital Llc increased Celgene Corp ( CELG ) stake by 46.67% reported in 2016Q4 SEC filing. Pictet Asset Management Ltd sold 21,061 shares as the company's stock declined 3.49% while stock markets rallied. (more...)
Marathon Oil Corp (MRO) Needle Moving on Volume Marathon Oil Corp (MRO) Needle Moving on Volume
- September 01, 2017

Advantus Cap Mngmt accumulated 108,212 shares or 0.05% of the stock. The stock ended last trade at $51.43 a share and the price is up more than 2.14% so far this year. JP Morgan upgraded the stock to "Overweight" rating in Wednesday, December 7 report. The stock has "Buy" rating by RBC Capital Markets on Thursday, July 20. (more...)