Business


Markets keep losing steam as Sensex closes further 100 points down Markets keep losing steam as Sensex closes further 100 points down
- November 14, 2017

Indian shares look set to open flat to slightly lower on Tuesday after official data showed India's retail inflation accelerated more than expected in October, adding pressure on the RBI to keep rates unchanged in the upcoming policy meeting in December. (more...)
India thieves dig 25ft tunnel to rob bank India thieves dig 25ft tunnel to rob bank
- November 14, 2017

The tunnel entrance in the shop had a circumference of about three feet, and was around five feet deep. "The thieves had conducted a proper recce and after finding the bank shut over the weekend, they entered the bank and took away the jewelry and cash kept in the lockers", the police officer said. (more...)
Saif Ali Khan gifts Taimur a swanky Jeep worth Rs 1.30 crore Saif Ali Khan gifts Taimur a swanky Jeep worth Rs 1.30 crore
- November 14, 2017

Just like his star parents Saif and Kareena , Taimur is also famous. Yes! that's true! Taimur who is all set to turn one in December got a swanky new jeep with an additional "baby seat" for himself as a gift on his first Children's Day gift! The toddler is now a proud owner of a swanky Jeep Compass cherry red coloured auto. (more...)
AWS Sells Chinese Cloud Assets Amid Tightening Regulations AWS Sells Chinese Cloud Assets Amid Tightening Regulations
- November 14, 2017

Beijing Sinnet Technology, Amazon's China partner, said in a filing late on Monday that it would buy the USA firm's Amazon Web Services (AWS) public cloud computing unit in China for up to 2 billion yuan ($301.2 million). Sinnet told its customers in August it would be shutting down its VPNs and other network services that allowed its users to circumvent the "Great Firewall System" of China that controls censorship, citing the government's direct instructions. (more...)
What Are Analysts Saying About The Home Depot Inc's (HD) Growth? What Are Analysts Saying About The Home Depot Inc's (HD) Growth?
- November 14, 2017

Perkins Coie holds 1.71% in Home Depot Inc (NYSE:HD) or 20,665 shares. (The) by 1.5% in the second quarter. Symphony Asset Management Llc increased Argo Group Intl Hldgs Ltd Com (NASDAQ:AGII) stake by 7,062 shares to 10,870 valued at $659,000 in 2017Q2. (more...)
Tesco/Booker merger given provisional green light
- November 14, 2017

A CMA statement released this morning said that Tesco as a retailer and Booker as a wholesaler - supplying to caterers, independent and symbol group retailers including Premier, Londis and Budgens - do not compete head to head in most of their activities. (more...)
Amazon is reportedly developing a free, ad-supported video streaming service Amazon is reportedly developing a free, ad-supported video streaming service
- November 14, 2017

While these issues, coupled with a washout at September's Prime Time Emmys, where streaming rival Hulu took home the best drama trophy for The Handmaid's Tale , leave Amazon in need of a creative turnaround, the company's long-term strategic compass points straight at Hollywood. (more...)
Tyson Foods Projects Adj. Earnings Growth Of 7-10% In FY18 Tyson Foods Projects Adj. Earnings Growth Of 7-10% In FY18
- November 14, 2017

Vanguard Group Inc is the second biggest holder with 25 million shares now valued at 1.56 B million whilst State Street Corp has 14 million shares valued at 862.95 million. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company's quarterly EPS surprised Wall Street by as much as 0% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. (more...)
Trading Spotter: Tracking Shares of Germany Smallcap MSCI Ishares (EWGS) Trading Spotter: Tracking Shares of Germany Smallcap MSCI Ishares (EWGS)
- November 14, 2017

CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Akin to all moving averages, the angle of the Tenkan line is very important as the sharper the angle, the stronger the trend while the flatter the Tenkan, the flatter or lesser the momentum of the move is. (more...)
Commerzbank Ag Reiterates €103.00 Price Target for Merck KGaA (MRK)
- November 14, 2017

Haverford Trust Co bolstered its holdings by buying 8,509 shares an increase of 1.2%. First Republic Management has 0.5% invested in Merck & Co., Inc. Merck & had a net margin of 11.60% and a return on equity of 27.08%. They expect $0.94 earnings per share, up 5.62% or $0.05 from last year's $0.89 per share. (more...)
JC Penney Company Inc. Holding Company
- November 14, 2017

The brokerage now has a "hold" rating on the department store operator's stock. Old Mutual Customised Solutions (Proprietary) has invested 0% of its portfolio in J C Penney Company Inc (NYSE: JCP ). This particular stock's 5-day moving average is 2.67, its 20-day moving average is 3.10 and its 100-day moving average is 4.08. Following the completion of the transaction, the chief financial officer now owns 72,645 shares in the company, valued at $262,974.90. (more...)
Nektar Therapeutics (NKTR): What's the Story? Nektar Therapeutics (NKTR): What's the Story?
- November 14, 2017

Genesee Valley Trust Co. now owns 12,189 shares of the biopharmaceutical company's stock valued at $209,000 after buying an additional 54 shares during the last quarter. As of the last earnings report the EPS was $-0.71 with 157.47M shares now outstanding. The business's revenue was down 39.4% on a year-over-year basis. (more...)
Investors Alertness: Gilead Sciences, Inc. (GILD) Oversold Investors Alertness: Gilead Sciences, Inc. (GILD) Oversold
- November 14, 2017

Global Endowment Management Lp, which manages about $5.46 billion and $734.51 million US Long portfolio, decreased its stake in Berkshire Hathaway Inc Del (BRKA) by 5 shares to 20 shares, valued at $5.09M in 2017Q2, according to the filing. (more...)
Paying More at the Pump? Gas Prices Surge 9 Cents in November Paying More at the Pump? Gas Prices Surge 9 Cents in November
- November 14, 2017

Statewide, prices at the pump averaged $2.53 per gallon, up 13 cents over the week. Floridians are paying an average of $2.53 per gallon. The national average price for regular unleaded was $2.56, AAA reported, up 3.4 cents over the week and almost 39 cents more than this time a year ago. (more...)
Jacqui Lambie confirms she is a dual citizen Jacqui Lambie confirms she is a dual citizen
- November 14, 2017

I can see how all these politicians are only just having the ancestry chat with their parents now; it's not like this dual citizenship thing has made much of a stir in Aussie politics recently... The 46-year-old former Australian Army corporal confirmed she was a British citizen on Tasmanian radio this morning and says she'll resign from the senate at noon today and will renounce her United Kingdom citizenship. (more...)
'One for the kids': Sydney christens new Ferry McFerryface 'One for the kids': Sydney christens new Ferry McFerryface
- November 14, 2017

Boaty was the notable title Brits voted to call a United Kingdom research vessel previous year, so Minister for Transport and Infrastructure Andrew Constance said they went for Ferry McFerryface instead. Three of the six ferries have been named for distinguished local residents who include a heart surgeon and an obstetrician. The cultural impact of Boaty McBoatface has been felt across the world, with a train in Sweden being named Trainy McTrainface and a horse at Sydney's Warwick ... (more...)
Technology company bringing 2000 jobs to New Orleans Technology company bringing 2000 jobs to New Orleans
- November 14, 2017

The business expansion represents "the most permanent jobs for a single LED (Louisiana Economic Development) project in state history", said the source, who was not authorized to speak on the record. "I'm thrilled to welcome DXC Technology to the City of New Orleans ", Mayor Landrieu said. An economic impact analysis from the LSU Economics & Policy Research Group estimates the DXC Technology project will translate to $64.3 million in new Louisiana taxes, $868.4 million in new Louisiana ... (more...)
Royal Dutch Shell Sells 71.6 Million Woodside Shares for A$31.10 each Royal Dutch Shell Sells 71.6 Million Woodside Shares for A$31.10 each
- November 14, 2017

The multinational energy giant said it had made an underwriting agreement with two investment banks to sell 8.5 per cent of Woodside's issued capital at $31.10 a share. After being diluted further because of a decision not to participate in Woodside's dividend reinvestment programme, and what Shell said was a "change in Shell's level of involvement over Woodside's financial and operating policy decisions", management concluded previous year that Shell "no longer [had] significant influence". (more...)
Missouri AG subpoenas Google in antitrust investigation
- November 13, 2017

Missouri's attorney general said Monday his office would investigate whether Alphabet Inc's Google violated the state's consumer protection and antitrust laws. Attorney generals of 37 states reached a $7 million settlement in 2013 over Google's unauthorized collection of Wi-Fi data through its Street View digital-mapping cars. (more...)
Higher food prices accelerate India's retail inflation in October
- November 13, 2017

This month the Consumer food price index (CFPI) stood at 1.90% compared to 1.25% of September 2017 and 3.32% of October 2016. Last month, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) forecasted that retail inflation will hover around 4.2-4.6 percent between October-March this year, higher than the previous projection of 4-4.5 percent. (more...)
PESCO: EU paves way to defense union PESCO: EU paves way to defense union
- November 13, 2017

The United Kingdom, which is scheduled to leave the European Union in 2019, is not part of PESCO either but can still choose to take part in certain aspects even after Brexit - if that participation is of benefit to the entire EU. Germany wanted as many countries as possible to sign up but wants to keep the focus on more modest schemes. Former UKIP leader Diane James MEP has suggested that, "as the EU Common Defence Fund is being launched way before Brexit, the UK will be providing 13 per ... (more...)
Blockbuster mall deal: General Growth Properties receives $14.8 billion bid Blockbuster mall deal: General Growth Properties receives $14.8 billion bid
- November 13, 2017

The firm is scheduled to report its next earnings results on Wednesday, March 7th. Brookfield Property Partners L.P. has a 12-month low of C$20.31 and a 12-month high of C$24.96. Several firms have updated their holdings. Brookfield Asset Management Inc. increased its holdings in shares of Brookfield Renewable Partners L.P.by 9.7% in the 2nd quarter. (more...)
Lyft confirms Toronto expansion by end of year
- November 13, 2017

Lyft has raised $3.6 billion in funding since it launched in 2012, compared with the roughly $15 billion raised by Uber, which has a valuation of about $68 billion, according to The Wall Street Journal. It's another move in Lyft's plan to compete with rival Uber, which now is in 77 countries. It has partnerships with Ford and General Motors , as well as worldwide ride-hailing apps, such as India's Ola. (more...)
Island Air to cease operations after Friday Island Air to cease operations after Friday
- November 13, 2017

With Hawaiian Airlines and Mokulele Airlines being the only two airlines left operating inter-island flights, there is a possibility for a new airline to fill the gap left by Island Air. On Oct. 27, Island Air said in a court filing it was in discussions with multiple prospective investors to obtain about $6.5 million in financing. Island Air says it will close operations as of 12:01 a.m. (more...)
Analyst Scores Summary: The Walt Disney Company (DIS), Quantum Corporation (QTM)
- November 13, 2017

As of quarter end Barrett Asset Management, LLC had disposed of 2,240 shares trimming its holdings by 0.6%. Walt Disney Co (NYSE: DIS ) has risen 9.26% since November 13, 2016 and is uptrending. Wilkins Counsel has 0.49% invested in Walt Disney Co (NYSE: DIS ) for 14,450 shares. General Electric Co (NYSE:GE) was reduced too. Investors sentiment decreased to 1.04 in Q2 2017. (more...)