Business


GM plays Mexico wildcard in Canada
- October 13, 2017

General Motors Canada says it wants to reach an agreement with 2,800 of its striking workers in Ontario - but the automaker giant says global and domestic trade talks keep getting in the way. The union reports in a statement that GM halted production of the Terrain in Ingersoll, Ontario and that 100 percent of its production is now based in Mexico. (more...)
Royal Bank Of Canada Reaffirms "Buy" Rating for Alphabet Inc. (GOOGL)
- October 13, 2017

The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. During the same quarter in the prior year, the firm earned $8.42 EPS. Equities analysts expect that Alphabet will post $30.59 EPS for the current year. (more...)
Tesla Model X crossovers recalled for faulty seat mechanism Tesla Model X crossovers recalled for faulty seat mechanism
- October 13, 2017

Electric carmaker Tesla Inc ( TSLA .O) is recalling 11,000 Model X sport utility vehicles worldwide due to a faulty locking mechanism in their rear seats that raises the risk of the seats falling forward in a crash. The company also said that it can attend to all the needed repairs with its mobile fix service and owners can send their auto to the nearest Tesla Service Centre if they choose to do so. (more...)
Amazon has suspended video boss Roy Price Amazon has suspended video boss Roy Price
- October 13, 2017

The news comes as Amazon is now reviewing two expensive dramas the streamer has in the works from The Weinstein Co.in the wake of rape and sexual harassment allegations against former co-founder Harvey Weinstein. Under Price, Amazon has been building up the video content available to Amazon Prime members, becoming a stronger competitor to Netflix and Hulu. (more...)
GM to idle Detroit-Hamtramck plant, 1500 workers for 6 weeks
- October 13, 2017

General Motors Co. will idle its Detroit-Hamtramck plant for six weeks later this year to pare inventory before making permanent production cuts because of slowing sales, according to a person familiar with the plan. Along with that announcement, GM said it planned to layoff around 1,200 employees at the plant. GM says the action should stabilize production at the factory. (more...)
The Current Analyst Recommendations for Chevron Corporation (CVX), Waste Management, Inc. (WM) The Current Analyst Recommendations for Chevron Corporation (CVX), Waste Management, Inc. (WM)
- October 13, 2017

The stock declined 0.08% or $0.1 reaching $119.23 on the news. Chevron Corporation earnings have declined with an annualized rate of -15.1% over the last 5 years. Price targets show what analysts believes a stock will be worth at the end of a certain time period. BidaskClub lowered Chevron Corporation from a "sell" rating to a "strong sell" rating in a research report on Friday, June 23rd. (more...)
Gulliver's travelled: HSBC appoints wealth boss as group chief Gulliver's travelled: HSBC appoints wealth boss as group chief
- October 13, 2017

Flint will be owner of a pension allowance of £360 million in new office, as well as a net base salary of £$1.2 and £1.7 million in fixed allowance. First came the big, external appointment - Mark Tucker , who ran Asian insurance giant AIA, joined the bank as chairman at the start of this month, the first chairman to hail from outside HSBC's ranks since it was founded 152 years ago. (more...)
Understanding the Financial Health of Abbott Laboratories (NYSE:ABT)
- October 13, 2017

Rhumbline Advisers invested in 0.33% or 3.01 million shares. Abbott Laboratories (NYSE:ABT) reported its EPS in the last quarter as $0.62/Share beating the analyst estimate of $0.61/Share by a difference of $0.01. Wall Street analysts, on average, are forecasting the company's EPS to be 0.65, compared to 0.59 reported in the same quarter past year. Investors sentiment decreased to 1.4 in 2017 Q2. (more...)
Chesapeake Energy Corporation (CHK) — Trend Analysis Report Chesapeake Energy Corporation (CHK) — Trend Analysis Report
- October 13, 2017

The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $1.07 billion. Jefferies has "Hold" rating and $500 target. 09/05/2017 - Chesapeake Energy Corporation was downgraded to "hold" by analysts at Tudor Pickering. It has outperformed by 33.04% the S&P500. This continues to be an interesting story, and we look forward to updating it again soon on Chesapeake Energy Corporation . (more...)
AT&T subscriber losses highlight cord-cutting threat
- October 13, 2017

Shares were down 3.8 percent to $36.74 midday on Thursday. That drop is roughly equivalent to every Arlington citizen cutting cable TV. Even though the pre-released linear video subscriber losses were higher than expected and storm impact was a short-term negative, AT&T is clearly "not the only one being impacted by these trends in Q3", Wells Fargo Senior Analyst Jennifer Fritzsche wrote in an investor note. (more...)
: New Trailer For Spike Lee's TV Adaptation : New Trailer For Spike Lee's TV Adaptation
- October 13, 2017

As noted in the press statement, Lee himself is seen as the original Mars Blackmon, before introducing the new Nola Darling -DeWanda Wise ( Shots Fired ). "Nola is now-she is outspoken, complicated, progressive, unapologetic, passionate, sexual", says Netflix. The 10-episode series is being directed entirely by Lee who also created the series and works as the executive producer alongside his wife Tonya Lewis Lee . (more...)
Royal Mail wins injunction against CWU strikes Royal Mail wins injunction against CWU strikes
- October 12, 2017

The CWU has accused Royal Mail of carrying out a "relentless" programme of cost-cutting to maximise short-term profits and shareholder returns. Union leaders say they have been trying to find a solution to the impasse for 18 months. The judged ruled that pressing ahead with the strike without following the dispute resolution procedures, which include involving an external party to mediate on talks, would be unlawful. (more...)
Analyst Stock Recommendations For Enbridge Energy Partners, LP (EEP), Centene Corporation
- October 12, 2017

The rating was maintained by Credit Suisse on Wednesday, March 2 with "Outperform". As per Tuesday, January 31, the company rating was maintained by FBR Capital. The Texas-based Exxonmobil Investment Mngmt Tx has invested 0.17% in Phillips 66 (NYSE:PSX). Alps Advisors Inc. now owns 13,695,209 shares of the pipeline company's stock worth $348,269,000 after buying an additional 321,017 shares in the last quarter. (more...)
Should You Buy Anadarko Petroleum Corporation (APC) or ConocoPhillips (COP)? Should You Buy Anadarko Petroleum Corporation (APC) or ConocoPhillips (COP)?
- October 12, 2017

The firm's market capitalization is $27.12 billion. The Firm is engaged in developing, acquiring, and exploring for oil and natural-gas resources. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value. (more...)
Wal-Mart Stores Inc (WMT) Shares Sold by Pinnacle Advisory Group Inc
- October 12, 2017

Conning Inc decreased Wal ( WMT ) stake by 8.67% reported in 2017Q2 SEC filing. The Norway-based Dnb Asset As has invested 0% in Wal-Mart Stores Inc (NYSE: WMT ). During the same period in the previous year, the firm earned $1.07 EPS. WMT's profit will be $2.90 billion for 22.10 P/E if the $0.97 EPS becomes a reality. (more...)
Honeywell International Inc. (HON) Shares Bought by TD Asset Management Inc
- October 12, 2017

Honeywell International Inc. (NYSE: HON ) has risen 17.66% since October 12, 2016 and is uptrending. It has underperformed by 2.87% the S&P500. Citigroup Inc. The rating was maintained by Barclays Capital on Monday, October 5 with "Overweight". The firm earned "Outperform" rating on Monday, October 10 by RBC Capital Markets. (more...)
How Analysts Feel About Canadian National Railway (USA) (NYSE:CNI)?
- October 12, 2017

Citigroup maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) rating on Wednesday, March 30. The stock of Canadian National Railway (USA) (NYSE:CNI) has "Equal-Weight" rating given on Monday, October 5 by Barclays Capital. On Friday, June 24 the stock rating was initiated by Imperial Capital with "In-Line". The stock was sold at an average price of C$157.51, for a total value of C$95,923.59. (more...)
Precision Drilling Corporation (PDS) Now Covered by Deutsche Bank AG
- October 12, 2017

As of the last earnings report the EPS was $-0.39 and is projected to be $-0.32 for the current year with 293,238,000 shares presently outstanding. Many analysts have provided their estimated foresights on Precision Drilling Corporation Earnings, with 16 analysts believing the company would generate an Average Estimate of $-0.09. (more...)
Bitcoin rockets past $5200 price to reach all-time high
- October 12, 2017

According to data from SEMrush, a search engine data analytics company found the price had a 91% correlation with Google searches surrounding bitcoin , suggesting news surrounding the cryptocurrency increases the valuation of Bitcoin. The decline was fueled by a comment from JPMorgan & Chase CEO Jamie Dimon who called bitcoin a fraud good for drug dealers and murderers. "Yet bitcoin was created to operate outside of the influence of governments and central banks and is doing exactly ... (more...)
Citigroup Inc. (NYSE:C), Cleveland-Cliffs Inc. (NASDAQ:CLF)
- October 12, 2017

Cliffs Nat Res Inc now has $2.00 billion valuation. During the same period in the previous year, the firm earned $0.07 earnings per share. About 2.90 million shares traded. The stock has "Mkt Perform" rating by FBR Capital on Thursday, October 13. 08/29/2016 - Cliffs Natural Resources Inc. had its "outperform" rating reiterated by analysts at Macquarie. (more...)
Mother and young son survive 10 days in Australian bush Mother and young son survive 10 days in Australian bush
- October 12, 2017

The driver has been arrested and is being questioned. Five people were sent to hospital, one in a critical condition, Wednesday morning as paramedics rushed to George Street in Singleton just before 9am. Police said the truck was sighted driving erratically south along the highway, through Muswellbrook and towards Singleton. An emergency situation is unfolding in Singleton where a semi-trailer has burst into flames after hitting several vehicles and the Royal Hotel. (more...)
Cisco Systems, Inc. (CSCO) - Stock Performance
- October 12, 2017

It has underperformed by 3.50% the S&P500. Short interest increased 11,201,281 over that period. Becker Mngmt Inc stated it has 1.39M shares or 1.55% of all its holdings. Paloma Prtnrs Mgmt owns 43,473 shares. Amalgamated Bankshares holds 15,694 shares. Lodestar Inv Counsel Il holds 0.68% or 170,553 shares. Avalon Advisors Limited Company holds 0.21% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 344,161 shares. (more...)
Dell To Spend $1bn On IoT R&D Dell To Spend $1bn On IoT R&D
- October 12, 2017

IoT , along with big data analytics , is the centerpiece of most digital transformation efforts . Dell Technologies is addressing this issue with its "distributed core". IoT is also an emerging theme for 2018 and a budget priority . IoT Technology Advisory - develops the overall IoT architecture and roadmap for implementation. (more...)
Sears Holdings Corporation (NASDAQ:SHLD) Moving Today - Down by 0.15%
- October 12, 2017

About 1.77M shares traded or 70.19% up from the average. It has underperformed by 15.21% the S&P500. The stock's average target of $92 is -16.06% below today's ($109.6) share price. The stock has Return on Assets (ROA) of -14.5 percent. The stock has "Buy" rating by Jefferies on Thursday, August 31. The company was initiated on Tuesday, May 3 by SunTrust. (more...)
Where Does Wall Street Think Devon Energy Can Trade in a Year? Where Does Wall Street Think Devon Energy Can Trade in a Year?
- October 12, 2017

About 100 shares traded. Bank of New York Mellon Corp (NYSE:BK) has risen 13.98% since October 11, 2016 and is uptrending. It has outperformed by 1.89% the S&P500. Third Avenue Management Llc increased Avnet Inc. Stuyvesant Capital Management now owns 57,430 shares of the energy company's stock valued at $2,396,000 after acquiring an additional 2,000 shares during the period. (more...)