Business


General Electric announces slew of executive changes, including new CFO General Electric announces slew of executive changes, including new CFO
- October 09, 2017

He's also expected to outline his plans next month for a potential overhaul of the company's portfolio, which includes jet engines, gas turbines, locomotives and ultrasound machines. Earlier, in August, the company had appointed John Flannery as its new CEO. The company said Friday that Jamie Miller, CEO of GE's transportation unit, will take over the CFO job November 1. (more...)
Florida mom leaves child alone in vehicle during jail visit Florida mom leaves child alone in vehicle during jail visit
- October 09, 2017

Rachael Etienne left the child in the vehicle for more than 20 minutes before a corrections officer who was making rounds on the property around 12:10 p.m. Earlier in the day, Etiennne sat in the jail lobby with her back to reporters. Deputies said Etienne admitted that she had made a mistake and seemed remorseful. (more...)
Standard Life Investments LTD Cuts Stake in Bank of America Corporation (BAC) Standard Life Investments LTD Cuts Stake in Bank of America Corporation (BAC)
- October 09, 2017

This dividend amount was represent a yield of $1.83. The shares were bought at an average cost of $23.81 per share, for a total transaction of $595,250.00. The 1 year EPS growth rate is -6.50%. The firm has "Buy" rating by Keefe Bruyette & Woods given on Tuesday, October 3. A low price-to-sales ratio, typically less than 1.0, is considered a good value. (more...)
Stock Impressing Investors: Herbalife Ltd. (NYSE:HLF) Stock Impressing Investors: Herbalife Ltd. (NYSE:HLF)
- October 09, 2017

About 26,829 shares traded. It has underperformed by 1.81% the S&P500. Pekin Singer Strauss Asset Management decreased its stake in Herbalife Ltd ( HLF ) by 40.14% based on its latest 2017Q2 regulatory filing with the SEC. Herbalife Ltd . (NYSE: HLF ) has risen 20.65% since October 9, 2016 and is uptrending. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. (more...)
Vin Diesel: 'Fast and Furious 9' delay is no one's fault Vin Diesel: 'Fast and Furious 9' delay is no one's fault
- October 09, 2017

Johnson and Statham will reprise their roles of special agent Hobbs and criminal mastermind Deckard Shaw, who team up on an undisclosed mission. In a statement, Universal Pictures chairman Donna Langley failed to provide specifics about the film but said a spinoff is indeed in the works. (more...)
GM advances self-driving vehicle deployment with acquisition of LIDAR developer GM advances self-driving vehicle deployment with acquisition of LIDAR developer
- October 09, 2017

Cruise announced Monday that it is buying Strobe, a Pasadena startup that makes laser-based sensors. Deal terms were not disclosed, and GM did not immediately respond an inquiry about details. Strobe's technology offers accurate measurement of both distance and velocity, Vogt says, and combined with radar, can provide information vital to decision-making for self-driving cars. (more...)
Intel Corporation (INTC) Expected to Announce Earnings of $0.80 Per Share
- October 09, 2017

Watermark Asset Management Inc. purchased a new stake in Intel Corporation during the 1st quarter worth $113,000. The firm has "Buy" rating by Needham given on Monday, September 19. Lone Pine Capital Lc reported 1.44M shares. Citadel Advisors Limited Liability reported 104,149 shares stake. Iowa Savings Bank accumulated 90,091 shares. (more...)
American Airlines cancels flight after cargo catches fire on tarmac
- October 09, 2017

It is reported one airport worker has been injured in the blaze which broke out right next to the jet at 5.30pm local time (9.30am UK). An American Airlines flight from Hong Kong to Los Angeles was cancelled Monday after a piece of loading equipment caught fire while it was preparing to put cargo in the hold of the plane, the airline said. (more...)
AccorHotels places $1.2 billion for Mantra Hotels in Australia
- October 09, 2017

Mantra Group confirmed that it has received an indicative acquisition proposal from French hotel group Accor (ACRFY.PK, ACRFF.PK) at A$3.96 per share cash. Accor already has 205 properties with 27,401 rooms in Australia, including Novotel, Ibis and Mercure hotels. The Paris-based company wasn't immediately reachable for comment. (more...)
U.S. lands dumping duties on Canadian plane imports U.S. lands dumping duties on Canadian plane imports
- October 09, 2017

Specifically, Boeing charges that Bombardier a year ago sold Delta Air Lines 75 CS100 aircraft for less than it cost to build them. If Commerce makes an affirmative final determination of dumping and the U.S. against Canadian aircraft manufacturer Bombardier. Reacting to the latest US Department of Commerce proposal, Bombardier said in a statement: "We strongly disagree with the Commerce Department's preliminary decision". (more...)
Melbourne United fall to Oklahoma City Thunder by one point Melbourne United fall to Oklahoma City Thunder by one point
- October 09, 2017

Adams finished the game with a 12 point, 10 rebound double-double, while new All-Star recruits Paul George (22 points) and Carmelo Anthony (19 points), led the Thunder in scoring. Only Adams and reserve guard Raymond Felton shot over 50 per cent from the field. FOR one quarter, the Oklahoma City Thunder showed the potential of its new superstar trio before the bench led the way in beating the New Orleans Pelicans, 102-91, on Friday (Saturday, Manila time) in National Basketball Association ... (more...)
Swedish model receives rape threats for unshaven legs in Adidas campaign Swedish model receives rape threats for unshaven legs in Adidas campaign
- October 09, 2017

The model recognized her privilege while also addressing the issue at hand. Commenters online have called her "disgusting" and "ugly" for choosing not to shave. "This shouldn't even be a discussion, because it shouldn't be "against social norm" for women to have body hair!" Her legs happened to be unshaved, and it has seemingly stirred up minor chaos. (more...)
McDonald's Promises Rick & Morty Fans More Szechuan Sauce Soon McDonald's Promises Rick & Morty Fans More Szechuan Sauce Soon
- October 09, 2017

The fast food giant ran with the joke, sending co-creator Justin Roiland a huge bottle of the sauce and later promising that it would return to "this dimension" on October 7, 2017 . There were also reports of sauce being resold on eBay for as much as $2,199 . One Twitter user posted a video of an angry crowd demanding the sauce outside an outlet. (more...)
Walmart vows to handle online returns in 35 seconds or less Walmart vows to handle online returns in 35 seconds or less
- October 09, 2017

The stock of Wal-Mart Stores Inc (NYSE: WMT ) has "Buy" rating given on Friday, November 13 by Northcoast. The company presently has a consensus rating of "Hold" and a consensus price target of $81.58. The stock rose 1.22% or $0.96 reaching $79.96 per share. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company's stock, valued at approximately $262,411,798.20. (more...)
Which Insiders Are Selling Kinder Morgan, Inc. (KMI)?
- October 09, 2017

It has underperformed by 48.94% the S&P500. The Travelers Companies, Inc. has a consensus hold rating from 21 Wall Street analysts, and the number of shares now sold short amount to at least 1.94% of shares outstanding. Van Eck Associates reported 87,098 shares or 0.03% of all its holdings. (NYSE:T). Martin Inc Tn has invested 0.82% of its portfolio in AT&T Inc. Investors sentiment increased to 1.09 in 2017 Q2. (more...)
BAE Systems 'planning 1000 job cuts' BAE Systems 'planning 1000 job cuts'
- October 09, 2017

The redundancies are expected to take place across the business' United Kingdom workforce. The brunt of the cuts is expected to fall at its Warton factory in Preston, Lancashire, where is assembles the Typhoon fighter jet, according to Sky News. (more...)
Gas prices fall for the fourth straight week in metro Detroit Gas prices fall for the fourth straight week in metro Detroit
- October 09, 2017

Michigan's average price is about $2.40/gallon, and may drop some more now that the refineries are back on line. Gas prices continue to fall across metro Detroit as they have seen a steady decline over the last few weeks. "However, the nation continues to be awash in crude oil, so the storm mattered little to oil prices", said said Patrick DeHaan, senior petroleum analyst for GasBuddy. (more...)
Wood completes £2.2bn Amec Foster Wheeler takeover Wood completes £2.2bn Amec Foster Wheeler takeover
- October 09, 2017

Around 24.8 million new shares will be issued at $13, which is an 8.7 per cent discount to WorleyParsons' closing price last Friday ($14.24). AFW has maintainable revenues of about £350 million and maintainable EBITDA of £20 million a year, despite its current parent group's financial struggles which led to Wood Group targeting it for takeover. (more...)
Trump predicted Trump predicted "the calm before the storm, but what storm?"
- October 09, 2017

The Trump administration is also on the cusp of decertifying America's nuclear agreement with Iran , potentially knocking over the first domino in a sequence that triggers another US war in the Middle East. Reports of Rex Tillerson resigning, calling President Trump a moron deemed false. "He's been very clear that that's his No. 1 priority, and if he feels action is necessary, he will take it". (more...)
Bayern Munich Star Wants To Leave Club After Carlo Ancelotti Sacking Bayern Munich Star Wants To Leave Club After Carlo Ancelotti Sacking
- October 09, 2017

But Muller, who struggled for form for much of Ancelotti's year in charge, has welcomed the return of treble-winning coach Heynckes and admitted he hopes for an improvement in Bayern's preparations. Hoffenheim coach Julian Nagelsmann is already being touted as a potential long-term successor, but Bayern chairman Karl-Heinz Rummenigge has no doubt Heynckes is the right man for the time being. (more...)
Old £1 coin to cease being legal tender from next week Old £1 coin to cease being legal tender from next week
- October 09, 2017

Poundland has joined 170,000 small retailers across the country in ignoring the Royal Mint's deadline to stop accepting old £1 coins. "Shopkeepers will be aware that the Royal Mint has this deadline but at the same time they will not want to let their loyal customers down by saying they can not pay with a round pound if they do not have any other change", the spokesman explained. (more...)
'Nudge' economist Richard Thaler wins Nobel Prize 'Nudge' economist Richard Thaler wins Nobel Prize
- October 09, 2017

Born 1945 in East Orange, Professor Thaler has been awarded the Nobel Prize for his work on integrating economics with psychology. His theory explains "how people simplify financial decision-making by creating separate accounts in their minds, focusing on the narrow impact of each individual decision rather than its overall effect", the Royal Swedish Academy of Sciences said. (more...)
DFS Furniture PLC (DFS) Receives Reduce Rating from Peel Hunt DFS Furniture PLC (DFS) Receives Reduce Rating from Peel Hunt
- October 09, 2017

ITE Group PLC had 59 analyst reports since October 1, 2015 according to SRatingsIntel. Shares of XP Power ( XPP ) opened at 3060.00 on Monday. The firm earned "Neutral" rating on Wednesday, September 14 by JP Morgan. The company has market cap of $185.28 million. The Firm operates as a low-priced European point-to-point short-haul airline. It has a 59.48 P/E ratio. (more...)
BHP Billiton Limited (BHP) Holdings Increased by HighTower Advisors LLC BHP Billiton Limited (BHP) Holdings Increased by HighTower Advisors LLC
- October 09, 2017

Dominion Resources Inc now has $49.34 billion valuation. The stock rose 0.31% or $0.11 reaching $36.15 per share. Pacad Investment owns 1,400 shares or 0.02% of their United States portfolio. Citigroup maintained the stock with "Buy" rating in Wednesday, April 12 report. Finally, Zacks Investment Research raised shares of BHP Billiton PLC from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 8th. (more...)
What will happen to the Las Vegas shooter's suite at Mandalay Bay? What will happen to the Las Vegas shooter's suite at Mandalay Bay?
- October 09, 2017

Officials are investigating whether any other individuals entered the Las Vegas gunman's hotel room during the time he was registered there, multiple senior law enforcement officials familiar with the investigation told NBC News . The No. 2 official in the Federal Bureau of Investigation said Wednesday he was surprised investigators had not uncovered more. The official said no evidence has been found that Paddock ever came to Chicago that weekend. (more...)