Business


Tesco appoints Booker boss as CEO of its UK & Ireland retail arm Tesco appoints Booker boss as CEO of its UK & Ireland retail arm
- February 05, 2018

Tesco said on Monday that Charles Wilson, the current boss of Booker, will be CEO of Tesco's retail and wholesale operation in the United Kingdom and Ireland, when the supermarket completes its purchase of the wholesaler. Tesco's share price has slipped marginally into the red in today's session, having given up 0.36 percent to 201.48p as of 08:33 GMT. Tesco shareholders will vote on the Booker deal at a meeting on February 28 and completion is expected to take place on March 5. (more...)
South Korean appeals court frees Samsung heir Lee South Korean appeals court frees Samsung heir Lee
- February 05, 2018

The outrage spread into the streets of Seoul . The high-profile business leader, who's also known as Jay Y. Lee, had pleaded not guilty to all charges at his trial and immediately appealed the August verdict. The shares of Samsung climbed 41% in 2017 as the trial took place, and ended up less than 1% in Seoul on Monday. The case centered on payments Samsung made to Park's secret confidante Choi Soon-Sil for which prosecutors argued they were meant to secure government favors. (more...)
Indianapolis Colts Linebacker Edwin Jackson Killed on Highway Indianapolis Colts Linebacker Edwin Jackson Killed on Highway
- February 05, 2018

The Colts team issued a statement on his death. According to NBC affiliate WTHR, Indiana State Police say the driver of a 2018 Lincoln that stopped on the side of the road was 54-year-old Jeffrey Monroe of Avon, Indiana. "We also understand that another person lost his life in the accident, only adding to our sorrow on this day". The Jackson family and the Colts have to be greatly saddened by this, and thoughts and prayers go out to everyone who is affected by this frightful event. (more...)
Lloyds Bank in Bitcoin crackdown: credit card owners banned from buying cryptocurrency Lloyds Bank in Bitcoin crackdown: credit card owners banned from buying cryptocurrency
- February 05, 2018

Lloyds fears people are buying Bitcoin to make a profit if its value rises but face debts if it falls. Three major USA banks - JPMorgan Chase, Bank of America and Citigroup - announced Friday that they will no longer allow customers to buy cryptocurrencies using their credit cards. (more...)
Citigroup Lowers BP Midstream Partners (BPMP) to Neutral
- February 05, 2018

In fact, the two companies have already combined on more than $3 billion in transactions, which have more than doubled Shell Midstream's payout so that it now yields an attractive 5%. Credit Suisse Ag accumulated 11,015 shares. The Kansas-based Samson Capital Management Llc has invested 9.43% in the stock. Sun Life Fincl reported 0.01% of its portfolio in The Mosaic Company (NYSE:MOS). (more...)
Budget 2018: CKD Cars And Bikes To Get More Expensive Budget 2018: CKD Cars And Bikes To Get More Expensive
- February 05, 2018

Heading into a year with state elections and 2019 on the horizon, the Hindustan Times editorial stated that this budget , the last full budget of this government, is the budget that India needs. The Budget also laid emphasis on Bitcoin and cryptocurrencies, with the finance minister announcing that the government does not consider cryptocurrencies legal tender or coin, and that it would take all measures to eliminate use of these crypto-assets in financing illegitimate ... (more...)
Cheniere Energy (LNG) Downgraded by Zacks Investment Research
- February 04, 2018

They set a market perform rating and a $56.00 price objective on the stock. The rating was maintained by Barclays Capital on Tuesday, September 6 with "Overweight". (NYSEAMERICAN:LNG) or 203 shares. Out of 2 Wall Street analysts rating Cheniere Energy Partners LP, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". (more...)
South Australia's Virtual Power Plant South Australia's Virtual Power Plant
- February 04, 2018

The state government has since been looking for more ways - particularly through renewables - to address its energy woes after an "unprecedented" storm caused a state-wide blackout in 2016. The State Government will assist the rollout of the virtual power plant with a $2 million grant and a $30 million loan from the Renewable Technology Fund. (more...)
Janet Yellen lands new job at Brookings Institution Janet Yellen lands new job at Brookings Institution
- February 04, 2018

In a break from past practice, Trump opted not to nominate Yellen to a second four-year term. Wells Fargo President and CEO Timothy Sloan said the bank will present a plan to the Fed with new compliance and risk management strategies, as well as a list of steps taken so far. (more...)
ANTIPODES PARTNERS Ltd Has $48.32 Million Position in Barrick Gold Corp (ABX)
- February 04, 2018

Trading volume for Barrick Gold Corporation was 13.3 Million in its previous trading session. About 256,431 shares traded or 33.41% up from the average. It also reduced Zoetis Inc (NYSE:ZTS) stake by 157,853 shares and now owns 11,581 shares. Everest Re Group Ltd (NYSE:RE) was reduced too. Since September 21, 2017, it had 0 insider purchases, and 1 sale for $1.53 million activity. (more...)
Fed's Yellen will be a part of Brookings Establishment Fed's Yellen will be a part of Brookings Establishment
- February 04, 2018

Michael Arone, the chief investment strategist at State Street Global Advisors, which manages $2.8 trillion in assets, told my colleague Akin Oyedele for example that it would be inflation that moves the economy from expansion to contraction. (more...)
The Latest Analyst Coverage For Dollar Tree, Inc. (DLTR), Fastenal Company
- February 04, 2018

The stock increased 0.95% or $0.54 during the last trading session, reaching $57.09. About 4.38M shares traded or 72.58% up from the average. Korea Investment CORP increased its stake in shares of Dollar Tree by 0.5% in the first quarter. ( NASDAQ :DLTR) for 51,036 shares. The Ontario - Canada-based Toronto Dominion Retail Bank has invested 0.03% in Dollar Tree, Inc. ( NASDAQ :DLTR) rating on Wednesday, March 2. (more...)
SL Green Realty Corp. (NYSE:SLG) Swings Higher 0.15% For The Week
- February 04, 2018

The stock had a trading volume of 214,547 shares, compared to its average volume of 302,473. Diamond Offshore Drilling, Inc. It has underperformed by 59.72% the S&P500. Strs Ohio owned approximately 0.15% of Realty Income worth $23,300,000 at the end of the most recent quarter. (NYSE:SLG) was sold by LEVY JOHN S on Tuesday, December 12. (more...)
Amgen Inc. (NASDAQ:AMGN) Rating Reiterated by Oppenheimer Holdings, Inc Amgen Inc. (NASDAQ:AMGN) Rating Reiterated by Oppenheimer Holdings, Inc
- February 04, 2018

Financial Advisory Service Inc. now owns 1,974 shares of the medical research company's stock worth $340,000 after purchasing an additional 5 shares during the last quarter. The firm earned "Buy" rating on Friday, January 12 by Cowen & Co. Investors sentiment increased to 1.17 in Q3 2017. Among 9 analysts covering Rex Energy ( NASDAQ:REXX ), 0 have Buy rating, 1 Sell and 8 Hold. (more...)
Union Budget 2018: Government Announces Dedicated Affordable Housing Fund (AHF) Union Budget 2018: Government Announces Dedicated Affordable Housing Fund (AHF)
- February 04, 2018

In rural areas the government has set a target of constructing 51 lakh affordable units. " Real estate was a no-show on the budget as none of the expectations of concessional GST for housing sector overall, stamp duty regularisation to 3 % overall or change in capital gain tax window on REIT, change in income tax slabs got covered", said Parth Mehta, Managing Director , Paradigm Realty. (more...)
Janet Yellen has a new job Janet Yellen has a new job
- February 04, 2018

Going back to last year's projections and expectations, the market and investors can expect three more interest rate hike this year as long as there aren't any other market conundrums and significant market movements this year. There were no dissents in the Fed's decision on Wednesday. The 10-year treasury yield came to 2.78 percent Tuesday, the highest in three years. The next rate increase is expected in March; traders see a 78 percent likelihood then. (more...)
Dow Jones industrials sink 500 points Friday Dow Jones industrials sink 500 points Friday
- February 04, 2018

The S&P 500 on Friday fell 59.85 points, or 2.1 percent, to 2,762.13. The Dow fell 665 points, or 2.5 percent, to 25,520. The Nasdaq Composite Index was down 144.92 points, or 1.96 per cent, to 7,240.95. The stock's price to sales ratio for trailing twelve months is 1.66 and price to book ratio for the most recent quarter is 1.92, whereas price to cash per share for the most recent quarter are 3.69. (more...)
Katy PetSmart fires groomer who mishandled dog Katy PetSmart fires groomer who mishandled dog
- February 04, 2018

The store is also conducting an internal invetigation of the incident and reviewing other groomers. She had dropped her pet off hours earlier and was unaware that anything out of the ordinary had occurred. After Vowers watched the video, she shared it on Facebook. "This treatment is completely unacceptable and will not be tolerated", a PetSmart spokeswoman said in an email Saturday. (more...)
DowDuPont reports strong fourth-quarter results DowDuPont reports strong fourth-quarter results
- February 03, 2018

The company will consider divesting 5 percent to 10 percent of the less-profitable specialty units, particularly in the health and nutrition business, he said. Investors also got a boost from $1 billion of share repurchases, part of a $4 billion buyback program. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . (more...)
Eagle Asset Management Inc. Grows Holdings in Oracle Co. (ORCL)
- February 03, 2018

Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 2, 2017 and is uptrending. It has outperformed by 29.98% the S&P500. Marco Investment Management Llc increased its stake in Oracle Corp ( ORCL ) by 7.78% based on its latest 2017Q3 regulatory filing with the SEC. (more...)
Time Warner Inc. (TWX) Position Lowered by Chevy Chase Trust Holdings Inc Time Warner Inc. (TWX) Position Lowered by Chevy Chase Trust Holdings Inc
- February 03, 2018

Time Warner Inc. (TWX) closed the Thursday at final price of $97 after traded 8997334 shares. Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 2nd. Wunderlich maintained Time Warner Inc. The firm has "Buy" rating given on Thursday, January 14 by Drexel Hamilton. Jefferies maintained the shares of TWX in report on Thursday, August 4 with "Buy" rating. (more...)
Alexion Pharmaceuticals (ALXN) Downgraded by BidaskClub
- February 03, 2018

It has outperformed by 11.63% the S&P500. As of writing, Alexion Pharmaceuticals, Inc.'s RSI stands at 40.01. Trust Company increased its stake in Verizon Communications Inc (VZ) by 22.73% based on its latest 2017Q3 regulatory filing with the SEC. (more...)
Jpmorgan Chase & Co (JPM) Holder Rafferty Asset Management LLC Lifted Position
- February 03, 2018

Argus Research maintained the shares of JPM in report on Monday, January 18 with "Buy" rating. Keefe Bruyette & Woods maintained JPMorgan Chase & Co. It turned negative, as 65 investors sold JPMorgan Chase & Co. shares while 767 reduced holdings. 128 funds opened positions while 644 raised stakes. Moreover, Bridges Inv Counsel has 0.82% invested in JPMorgan Chase & Co. (more...)
Vodafone in talks to purchase Liberty International property Vodafone in talks to purchase Liberty International property
- February 03, 2018

Liberty Global plc (NASDAQ:LBTYA) has declined 3.90% since February 3, 2017 and is downtrending. Analysts await Liberty Global plc (NASDAQ:LBTYA) to report earnings on February, 15. Liberty Global plc - Class B had a return on equity of 6.07% and a net margin of 5.29%. Heritage Investors Management Corp bought a new stake in Liberty Global plc - Class C during the 3rd quarter worth approximately $133,000. (more...)
The Next Step! Facebook Bans Ads Regarding Cryptocurrency The Next Step! Facebook Bans Ads Regarding Cryptocurrency
- February 03, 2018

The first bit of bad news this week was Facebook's announcement that it was restricting cryptocurrency ads on its various platforms. Facebook is banning all ads related to cryptocurrencies , from ICOs to bitcoin . The social media giant revealed in a blog post that it will be banning all ads that promote cryptocurrency. That also means that "crypto-genius" James Altucher, whose ads have appeared all over the internet and have become a meme of sorts for the entire crypto ... (more...)

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