Business


Wall Street and LSE vying for Saudi Arabia's £56bn Aramco listing Wall Street and LSE vying for Saudi Arabia's £56bn Aramco listing
- November 07, 2017

Trump has a close relationship with Saudi Arabia. The London Stock Exchange (LSE) has a "strong case" for attracting the mega-float of part of state-backed oil giant Saudi Aramco, 10 Downing Street said today. A spokesperson for the Prime Minister said: "Obviously there are lots of big stock exchanges which have an interest in Aramco, including the London Stock Exchange, which we believe has made a very strong case for it being based here", according to Reuters . (more...)
Coca-Cola European Partners plc Setting The Table For Earnings
- November 07, 2017

They see The Coca-Cola Company (KO ) price hitting a mean target of $48.03 a share, meaning the stock still has potential that could lift the price another 4.48% Also, the recent close suggests the stock is underpriced by 19.64% compared to the most bullish target. (more...)
Devon Energy Corporation (NYSE:DVN) Reaches Overbought Range
- November 07, 2017

About 350,008 shares traded. Devon Energy Corp ( DVN ) has risen 13.24% since November 5, 2016 and is uptrending. It has underperformed by 3.46% the S&P500. Its up 0.06, from 1.02 in 2017Q1. It is positive, as 28 investors sold IDEXX Laboratories, Inc. shares while 184 reduced holdings. The energy company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.07. (more...)
Leading auto makers team up to create EU EV charge network Leading auto makers team up to create EU EV charge network
- November 07, 2017

Over in Europe, a few major auto brands are combining their powers Captain Planet style to create a huge combined charging system. The first 20 stations, located on major roads in Germany, Norway and Austria, be open by the end of the year. (more...)
Buhari Presents 2018 Budget to Parliament Today
- November 07, 2017

Buhari told parliament that the budget was based on an exchange rate of 305 naira to the dollar and a projected oil output of 2.3 million barrels per day at an assumed price of $45 per barrel. N2.442 trillion oil revenue is projected for 2018. Only few ministries such as power, works, housing, defence, transport and agriculture have so far received funding. (more...)
Target Black Friday deals are huge Target Black Friday deals are huge
- November 07, 2017

If you keep a look out, there's plenty of great deals year-round, so if you want to avoid the all the Black Friday fuss then stay in and put up your feet. When is Black Friday 2017? To get you all the best of deals for this Black Friday 2017, Samsung is offering a variety of deals with low price tags compare to the original pricing. (more...)
BC hikes insurance premium for distracted driving BC hikes insurance premium for distracted driving
- November 07, 2017

Eby said using telematics to combat distracted driving and inform insurance rates "has lots of good success in other jurisdictions". Eby on Monday also said that he would designate distracted driving a high-risk behavior and raise the penalty for drivers who get two tickets within three years by an additional $744. (more...)
Primark Owner Associated British Foods Sees Profit Before Tax Up 51% Primark Owner Associated British Foods Sees Profit Before Tax Up 51%
- November 07, 2017

AB Foods reported adjusted operating profit for sugar of 223 million pounds in 2016-17, up from 35 million pounds in 2015-16. Revenue for Primark alone has risen by 19 per cent to £7.05bn. Primark opened a net 30 new stores and expanded its floor space by 1.5 million square feet across nine countries. The group's Grocery business was boosted by the performance of Twinings and Ovaltine in the U.S., as well as by George Weston Foods in Australia, however it was held back by "the trading ... (more...)
Australia Maintains Interest Rate At Record Low
- November 07, 2017

The Reserve Bank has used its Melbourne Cup Day meeting to leave official interest rates on hold as it continues to hold out hope wages will finally pick up. "One continuing source of uncertainty is the outlook for household consumption", Dr Lowe said in a statement on Tuesday. The outlook for non-mining business investment has improved, with the forward-looking indicators being more positive than they have been for some time, RBA observed. (more...)
Tammy Abraham keen to prove himself at Chelsea Tammy Abraham keen to prove himself at Chelsea
- November 07, 2017

But Abraham, an England Under-21 global, denied the claim and having been called up for England's forthcoming friendlies against Germany and Brazil, the striker is not entertaining second thoughts. "It would be a big confidence boost for me and show that I'm going in the right direction". Abraham also stated his admiration for Harry Kane , a doubt for the Germany and Brazil fixtures due to injury. (more...)
Papa John's condemns new customers: White supremacists Papa John's condemns new customers: White supremacists
- November 07, 2017

The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. analysts anticipate that Papa John's International, Inc. will post 2.76 EPS for the current fiscal year. Last week, Papa John's founder John Schnatter told his company's investors that "the NFL has hurt Papa John's shareholders", adding that the controversy around the NFL national anthem protests over racial injustice "is polarizing the customer, polarizing the country". (more...)
Trump Hammers Japanese Automakers on Trade Trump Hammers Japanese Automakers on Trade
- November 07, 2017

Ambassador William F. Hagerty's residence, the President candidly said that the U.S. had suffered "massive trade deficits" with Japan for several years, indicating that he hopes he can turn that around. The Japan Automobile Manufacturers Association, which represents Japanese cars manufacturers like Honda , Toyota, Nissan , Subaru and Mitsubishi, declined a request for comment on Trump's remarks in Tokyo. (more...)
House weighing 'host of ideas' in tax bill revision, Ryan says House weighing 'host of ideas' in tax bill revision, Ryan says
- November 07, 2017

U.S. House of Representatives Speaker Paul Ryan said on Sunday that Republican lawmakers are weighing a "host of ideas" as the House tax-writing committee begins revising a tax bill this week, though he expects the broad outlines to remain the same. (more...)
Amazon Rumored to be Developing Lord of the Rings Series Amazon Rumored to be Developing Lord of the Rings Series
- November 07, 2017

Amazon has been looking to add a franchise that would be a big draw, like HBO's Game of Thrones or Netflix's Stranger Things . More details have come to light regarding the potential Lord of the Rings TV series. " The Lord of the Rings " tells the story of Frodo Baggins, a young Hobbit who is tasked with destroying an artifact called the One Ring in the hopes of saving the world of Middle-Earth (the fictional land in the story). (more...)
The Independent Portfolio Consultants Inc. Sold shares of Occidental Petroleum Corp. (OXY) The Independent Portfolio Consultants Inc. Sold shares of Occidental Petroleum Corp. (OXY)
- November 07, 2017

It has underperformed by 35.67% the S&P500. Tricadia Capital Management Llc, which manages about $3.88 billion and $278.95 million US Long portfolio, decreased its stake in Modine Mfg Co (NYSE:MOD) by 187,395 shares to 217,605 shares, valued at $3.60 million in 2017Q2, according to the filing. (more...)
Google and Salesforce Ink Cloud, Apps Deal Google and Salesforce Ink Cloud, Apps Deal
- November 07, 2017

The agreement also sees Google offer eligible Salesforce customers with company-wide G Suite licenses at no additional cost for up to a year. Moreover, Salesforce plans to integrate its marketing, sales and advertising data with Google's G Suite productivity services, allowing their joint customers to get access to Salesforce data within Gmail, Google Sheets and other G Suite products. (more...)
Sprint CFO: Altice Deal Had Nothing To Do With T Sprint CFO: Altice Deal Had Nothing To Do With T
- November 07, 2017

Under terms of the agreement, Altice USA will have "full use" of Sprint's network to provide mobile voice and data services to customers across its national footprint. The announcement of a deal with Altice USA came this morning, as Sprint stock was dinged significantly by news that T-Mobile had walked away from merger talks. (more...)
Comcast's internet service down in Portland, other major U.S. cities Comcast's internet service down in Portland, other major U.S. cities
- November 07, 2017

Due to a connection problem with Level 3 , Comcast and Xfinity had internet problems today. Level 3, which was recently acquired by CenturyLink , is one of the tier one internet service providers (ISP). Comcast has been working to improve its customer service and has added retail stores in north Wilmington and Dover. There is no geographical center of the outage; reports appear to be evenly distributed across major cities and rural areas. (more...)
Amazon adds its own discounts to third-party seller products Amazon adds its own discounts to third-party seller products
- November 06, 2017

The products that are discounted are clearly listed as "Discount provided by Amazon ". It's not clear how exactly Amazon is choosing what products it applies discounts on. Amazon has just instituted a new program that affects both sellers and their customers - and both stand to win substantially from the deal. It's another example of what Amazon is willing to do to gain market share at the expense of its own profits. (more...)
Disney Looked at Buying Most of Fox, Talks Now Dead, CNBC Says Disney Looked at Buying Most of Fox, Talks Now Dead, CNBC Says
- November 06, 2017

The stock presently has a consensus rating of "Buy" and an average target price of $33.58. Cacti Asset Management LLC increased its position in Twenty-First Century Fox Inc . Following the completion of the transaction, the chief executive officer now owns 234,236 shares of the company's stock, valued at approximately $6,544,553.84. (more...)
CVS Health sees operating income dip 11.5% due to reimbursement pressure, hurricanes CVS Health sees operating income dip 11.5% due to reimbursement pressure, hurricanes
- November 06, 2017

Asked how much delivery would cost, Helena Foulkes, who runs the company's retail business, didn't specify but said CVS was able to "use our scale to secure a low-priced, competitive option" that the company believes customers will pay for. (more...)
Cramer: Buy The Dip In Activision Blizzard, Inc. (ATVI)
- November 06, 2017

Recent trading patterns in the stock of Activision Blizzard, Inc . The stock decreased 3.44% or $2.25 on November 3, reaching $63.2. About 18.88M shares traded or 215.72% up from the average. Legal General Grp Public Limited Co owns 3.51M shares. Ratings analysis reveals 100% of Activision Blizzard's analysts are positive. (NASDAQ: ATVI ) for 1,500 shares. (more...)
Netflix Customers In Danger Of Being Duped By Email Scammers Netflix Customers In Danger Of Being Duped By Email Scammers
- November 06, 2017

The bogus emails were first detected Friday by Australian cybersecurity company MailGuard , targeting some of Netflix's 110 million customers worldwide. If you are targeted in this scam or receive any other odd emails from someone you think is pretending to be the streaming network, please let Netflix know via customer service, and they will report this scam to the proper agencies. (more...)
London's Oxford Street could be traffic-free by December 2018, says mayor London's Oxford Street could be traffic-free by December 2018, says mayor
- November 06, 2017

Unveiling the blueprint with Robert Davis, deputy leader of Westminster city council, Sadiq Khan hailed it as "a hugely exciting moment for the capital". More than 3.5 million people visit Oxford Street each week, and the Bond Street, Oxford Street and Regent Street area contributes about £7.6bn each year to the United Kingdom economy. (more...)
What Should Investors Know About Cardinal Health Inc's (CAH) Growth?
- November 06, 2017

Sell-side analysts have also provided a consensus recommendation of 2.80 on company shares. Xact Kapitalforvaltning AB lifted its position in shares of Cardinal Health by 1.5% during the third quarter. Cardinal Health's dividend payout ratio (DPR) is now 45.79%. Credit Suisse Group reaffirmed an "outperform" rating and set a $87.00 target price (up from $81.00) on shares of Cardinal Health in a research note on Thursday, July 13th. (more...)