Business


United Kingdom inflation rate rises to 2.9% United Kingdom inflation rate rises to 2.9%
- September 13, 2017

Consumer price index (CPI) inflation or retail inflation surged 3.36% in August compared to 2.36% in July on soaring food and petrol prices, higher housing expenses and a "transient" impact of the recently-introduced indirect levy goods and services tax (GST). (more...)
U.S. official backs voluntary rules for self-driving cars U.S. official backs voluntary rules for self-driving cars
- September 13, 2017

Since the new guidelines are policy, not law, they don't legally change what the state and federal government and vehicle developers can do, said Bryant Walker Smith, a law professor at the University of SC who tracks government policy on self-driving cars. (more...)
Offshore wind slashes United Kingdom cost reduction goals ... now cheaper than new gas Offshore wind slashes United Kingdom cost reduction goals ... now cheaper than new gas
- September 13, 2017

Industry watchers had expected the guaranteed price for power from windfarms around Britain's coast to come in somewhere between £70 and £80 per megawatt hour, below the £92.50 for a new nuclear power station at Hinkley Point . British government wind power subsidies have now halved since the last auction was held in 2015. Already an albatross hung around the neck of the current UK Government which approved the plan, opponents of nuclear, and Hinkley Point in particular (not to mention ... (more...)
Jamie Dimon: Bitcoin Is a 'Fraud' Jamie Dimon: Bitcoin Is a 'Fraud'
- September 13, 2017

Dimon said that he would fire any of his traders if they began trading bitcoin. Bitcoin fans see the digital currency as a threat to traditional banks. Banks and other financial institutions have been concerned over bitcoin's early association with online crime and money laundering. Dimon said that blockchain can be useful but its use by banks "won't be overnight". (more...)
Marathon Oil Corporation (MRO) now has an analysts' mean recommendation of 2.4 Marathon Oil Corporation (MRO) now has an analysts' mean recommendation of 2.4
- September 13, 2017

Voya Investment Mgmt Ltd Llc holds 37,120 shares. Marathon Oil Corporation's dividend payout ratio (DPR) is -9.26%. Synovus Fincl accumulated 19,389 shares or 0.02% of the stock. Investors of record on Wednesday, August 16th were issued a $0.40 dividend. Its down 0.03, from 1.08 in 2016Q3. 60 funds opened positions while 160 raised stakes. (more...)
Should Deebo Samuel be getting Heisman watch buzz? Someone thinks so Should Deebo Samuel be getting Heisman watch buzz? Someone thinks so
- September 13, 2017

Samuel has returned two, and he's taken both to the house, one each against North Carolina State and Missouri . Kentucky quarterback Stephen Johnson rushes with the ball during the Wildcat's game against the South Carolina Gamecocks at Commonwealth Stadium on September 24, 2016 in Lexington, Kentucky. (more...)
Comcast Holdings ZONES (NYSE:CCZ) Closed Higher Than Its 50 Day Average Comcast Holdings ZONES (NYSE:CCZ) Closed Higher Than Its 50 Day Average
- September 13, 2017

The Palo Capital Inc holds 21,171 shares with $1.46M value, down from 30,222 last quarter. Comcast now has $178.31B valuation. GOOG has risen 0.39% in the 1-month period. SunTrust initiated the shares of CMCSA in report on Wednesday, November 11 with "Neutral" rating. The firm has "Neutral" rating by Macquarie Research given on Tuesday, September 29. (more...)
Golar LNG Partners LP (GMLP) Upgraded at Zacks Investment Research
- September 13, 2017

Golar LNG Partners now has a average recommendation of "Buy" and a consensus price objective of $23.25. It has outperformed by 6.70% the S&P500. Ontario Teachers Pension Plan Board increased Smucker J M Co (SJM) stake by 7.07% reported in 2016Q4 SEC filing. (more...)
Taking a Fresh Look at Bank of America Corporation (BAC) Taking a Fresh Look at Bank of America Corporation (BAC)
- September 13, 2017

Jefferies maintained it with "Buy" rating and $140.0 target in Wednesday, August 30 report. The firm earned "Hold" rating on Tuesday, August 4 by S&P Research. 80,000 were reported by Hennessy Advsrs. Nippon Life Ins Communication invested in 22,875 shares. Finally, ING Groep NV raised its holdings in shares of Bank of America Corporation by 0.8% during the 2nd quarter. (more...)
Indicator Level Summary For Ishares China Large-Cap Etf (FXI) Shares
- September 13, 2017

As markets tend to move in cycles, it may be necessary to align the portfolio to the category that is best positioned to make consistent gains in the future. A value of 25-50 would indicate a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. (more...)
Gay Rights Pioneer Edith Windsor Dies at 88 Gay Rights Pioneer Edith Windsor Dies at 88
- September 13, 2017

The 2013 Supreme Court ruling that struck down a key provision of DOMA is also credited with providing the legal framework for 2015's landmark ruling in Obergefell , which found that gay couples have a constitutional right to marry. She later received a masters degree in applied mathematics from New York University. She began a 16-year career at Armonk, New York-based International Business Machines Corp.in systems architecture and operations. (more...)
Inflation at a 5-month high, rate cut unlikely Inflation at a 5-month high, rate cut unlikely
- September 13, 2017

The August inflation number is the highest since March 2017, when it was recorded at 3.89 percent. "More recently such shifts seem to have been missed, for example, in the last 14 quarters, inflation has been overestimated by more than 100 bps (basis points) in six quarters with an average error of 180 bps", it said. (more...)
Trading Statistics of Cognizant Technology Solutions Corporation (CTSH) Trading Statistics of Cognizant Technology Solutions Corporation (CTSH)
- September 13, 2017

Private Advisor Group LLC boosted its holdings in shares of Cognizant Technology Solutions Corporation by 173.9% in the 1st quarter. The Independent Investors Inc holds 414,683 shares with $48.03M value, down from 420,398 last quarter. Goelzer Investment Mgmt has 41,365 shares. Jefferies Group also issued estimates for Cognizant Technology Solutions Corporation's Q2 2017 earnings at $0.79 EPS and Q3 2017 earnings at $0.87 EPS. (more...)
'We will not stop working': FPL vows to quickly restore Florida power 'We will not stop working': FPL vows to quickly restore Florida power
- September 13, 2017

The initial assessment showed that damage was less extensive on the eastern half of the state, said Rob Gould, FPL chief communications officer said. "This is not a typical restoration that you're going to see". Gould asked customers to be patient while they wait for their power to come back. Gas stations, supermarkets, pharmacies and community centers would be next in order of importance. (more...)
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Under Analyst Spotlight
- September 13, 2017

About 717 shares traded. Patterson-UTI Energy, Inc. ( PTEN ) now the company's industry has 12.52 P/E and the sector P/E is 16.19. It has outperformed by 16.21% the S&P500.The move comes after 8 months positive chart setup for the $3.83 billion company. (more...)
Target puts bulleye on Amazon with grocery price war. Here's the deal Target puts bulleye on Amazon with grocery price war. Here's the deal
- September 13, 2017

The company says it's removing two-thirds of the price and offer call-outs to reduce clutter in the store and a create a "more clear - and more consistent savings - at Target ". Only 7% of Whole Foods top 100 best-selling items remained in stock on the website, and One Click Retail believes Amazon was unprepared for how quickly the new products would sell. (more...)
Inflation rises 3.36% in August, IIP growth mild at 1.2% in July Inflation rises 3.36% in August, IIP growth mild at 1.2% in July
- September 12, 2017

The consumer price index including owner occupiers' housing costs 12-month inflation rate was 2.7% in August, up from 2.6% in July. The output of mining and electricity sectors during the month accelerated to 4.8 percent and 6.5 percent from 0.9 percent and 2.1 percent respectively in June a year ago. (more...)
Twenty-First Century Fox, Inc. (FOXA) Position Increased by Axa
- September 12, 2017

Zacks' earnings per share calculations are an average based on a survey of sell-side research analysts that follow Twenty-First Century Fox . Jefferies maintained the shares of FOXA in report on Monday, August 21 with "Buy" rating. Yacktman Asset Management Lp sold 4.02M shares as the company's stock declined 10.68% while stock markets rallied. COPYRIGHT VIOLATION NOTICE: "Twenty-First Century Fox, Inc. (more...)
The Home Depot, Inc. (HD) — Recommendation Trends Analysis The Home Depot, Inc. (HD) — Recommendation Trends Analysis
- September 12, 2017

Steele Gary also sold $3.22M worth of Proofpoint Inc (NASDAQ:PFPT) shares. Peoples Financial Services CORP. boosted its position in Home Depot, Inc . (The) now has an average rating of "Buy" and an average target price of $169.86. (The) from a "hold" rating to a "buy" rating and set a $151.00 price target on the stock in a research note on Tuesday, January 17th. (more...)
Apple Inc. (AAPL) Shares Sold by Horizon Investment Services LLC Apple Inc. (AAPL) Shares Sold by Horizon Investment Services LLC
- September 12, 2017

About 18.80 million shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since September 12, 2016 and is uptrending. It has outperformed by 12.17% the S&P500. Ionic Management Ltd Com invested 0.48% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 62,010 shares. $1.54M worth of Apple Inc. (NASDAQ:AAPL) on Wednesday, June 7. (more...)
India's August consumer prices surged higher than expected India's August consumer prices surged higher than expected
- September 12, 2017

However, on a year-on-year (YoY) basis, the country's August retail inflation was lower than the 5.05 per cent CPI rate reported for the corresponding month of last year. Inflation rose in both Britain and the EU overall, with increasing global commodity prices thought to be partly responsible, although the United Kingdom rate is higher than in all the larger western European nations. (more...)
Institutional Investor Sentiment About Coca Cola Bottling Co Consolidated (NASDAQ:COKE) Improved Institutional Investor Sentiment About Coca Cola Bottling Co Consolidated (NASDAQ:COKE) Improved
- September 12, 2017

The target implies a 2.4% spike from where the shares are now trading. The Coca-Cola Co (NYSE:KO) has declined 0.95% since September 12, 2016 and is downtrending. Susquehanna maintained The Coca-Cola Co (NYSE:KO) on Wednesday, July 26 with "Hold" rating . The stock has "Outperform" rating by Credit Suisse on Wednesday, October 19. (more...)
Bridges Investment Management Claims $8.67 Million Holdings in Wells Fargo Company Bridges Investment Management Claims $8.67 Million Holdings in Wells Fargo Company
- September 12, 2017

The institutional investor held 26,152 shares of the major banks company at the end of 2016Q4, valued at $1.44M, down from 32,752 at the end of the previous reported quarter. Exxonmobil Management Tx stated it has 1.29% in Wells Fargo & Co (NYSE:WFC). Investors of record on Friday, August 4th were issued a $0.39 dividend. (more...)
BlackRock Investment Management LLC Has $8080000 Stake in Knight Transportation, Inc. (KNX)
- September 12, 2017

According to Zacks , analysts expect that Knight Transportation will report full-year sales of $284.29 million for the current fiscal year, with estimates ranging from $1.11 billion to $1.15 billion. More recent Knight Transportation (NYSE: KNX ) news were published by: Businesswire.com which released: " Knight Transportation, Inc . and Swift Transportation Company Merge to Create ..." on September 10, 2017. (more...)
Whiting Petroleum Corporation (WLL) Shares Bought by Gamco Investors INC. ET AL Whiting Petroleum Corporation (WLL) Shares Bought by Gamco Investors INC. ET AL
- September 12, 2017

The stock rose 10.10% or $0.41 reaching $4.53 per share. About 5,810 shares traded. Scoria Prtnrs LP has invested 2.46% in Whiting Petroleum Corp (NYSE: WLL ). On Monday, April 3 the stock rating was maintained by Credit Suisse with "Buy". The stock of Punch Taverns plc (LON:PUB) earned "Hold" rating by Canaccord Genuity on Friday, January 22. (more...)