Business


Andhra Bank reports net loss of Rs 532 cr in Q3 Andhra Bank reports net loss of Rs 532 cr in Q3
- February 09, 2018

Similarly, its net non-performing assets nearly doubled to Rs 102,370.12 crore, up from Rs 61,430.45 crore, State Bank of India said in an exchange filing. The provision coverage ratio was 57.44% (52.12%). The net interest income grew by 40.20% to Rs4,394 crore in October-December of 2017-18, from Rs3,134 crore in same period of 2016-17. (more...)
Dow plunges 1033 points and sinks into correction Dow plunges 1033 points and sinks into correction
- February 09, 2018

A volatile week for world stock markets is ending with more losses after London's FTSE 100 Index followed United States and Asian markets lower. And the stock market is now in a correction - 10 percent off its record high just two weeks ago. During Tuesday's trading, the Chinese Shanghai composite index plunged 3.35 percent, Japan's Nikkei closed nearly 5 percent down, key Western European indices fell nearly 2 percent; Russia's dollar-denominated RTS index was down 1.82 percent. (more...)
Margie's Money Saver: National Pizza Day deals Margie's Money Saver: National Pizza Day deals
- February 09, 2018

Pilot Flying J is treating guests to a free slice of its pizzeria-quality pies on February 9. Get one large three-topping pizza for $7.99. Real Good Food Company is offering $10 off your order of their Real Good Pizzas today! At Pizza Hut , get two medium two-topping pizzas for $5.99. (more...)
India's central bank keeps repo rate at 6pc India's central bank keeps repo rate at 6pc
- February 09, 2018

Surprisingly, the central bank has forecast slowing inflation but a quickening GVA growth for the next fiscal year. Considering that the inflation has inched up (Dec-17 CPI at 5.21%, up from 3.58% in Oct-17 and well-above the target of 4%), crude oil prices are rising in the worldwide market and the Government plans to increase the crop support price, maintaining the lending rates unchanged is justified. (more...)
Snap (SNAP) 4th Quarter Earnings: What to Expect Snap (SNAP) 4th Quarter Earnings: What to Expect
- February 09, 2018

Previously, Snap made a bet on hardware - its Spectacles - but ended up losing $40 million on the video-recording sunglasses last quarter when they proved to be far less popular than expected. Yuval Ben-Itzhak, CEO of Socialbakers said that it's clear that the platform is still struggling to compete on the advertising platform, despite surpassing Wall Street's revenue targets in its fourth quarter . (more...)
Popular Ghanaian singer dies in auto crash Popular Ghanaian singer dies in auto crash
- February 09, 2018

She proved herself worthy to be maintained in the industry after her first song "Dancefloor", in December 2015 became a hit and was nominated for the unsung category at the 2016 Ghana Music Awards. Fans and fellow celebrities have flooded social media to offer condolences and pay tribute to the musician. "Let's respect the dead and hope it's not true". (more...)
Widow of conductor killed in SC train crash sues Amtrak and CSX Widow of conductor killed in SC train crash sues Amtrak and CSX
- February 09, 2018

The Amtrak train was heading from NY to Miami with 136 passengers and nine crew members on board when it was diverted into a side track and crossed paths with a parked CSX freight train shortly after 2:30 a.m. The system, called positive train control , uses sensors and GPS to prevent trains from colliding or derailing. The Amtrak engineer applied the brakes but it was too late and his train "crashed head-on into the idling CSX train", the lawsuit said. (more...)
(NYSE:MRK) reported Bigger Quarterly Loss
- February 09, 2018

About 13.69M shares traded or 4.56% up from the average. Calavo Growers, Inc. (CVGW) has risen 17.64% since February 6, 2017 and is uptrending. It has outperformed by 0.16% the S&P500. Barometer Capital Inc invested in 1.93% or 128,766 shares. Prudential Incorporated owns 1.83 million shares. (NYSE:MRK). Callahan Advisors Lc owns 3,628 shares or 0.05% of their U.S. (more...)
Twitter shares surge by a quarter on first ever profits
- February 09, 2018

Much of this was driven by worldwide increases, as its home territory of the USA declined 8%. The company still has to show it can sustain growth and compete with the top digital ad platforms, but the market seems to be buying the Twitter comeback story, with shares up more than 20% after the earnings disclosure - pushing Twitter's market cap back above Snap's. (more...)
Twitter makes profit of 81 million Twitter makes profit of 81 million
- February 09, 2018

The quarterly non-GAAP net income was 141 million dollars, or 19 cents per share, a almost two-time increase of 78 million dollars in quarterly non-GAAP net income for the same period past year. Average daily active users (DAUs) grew 12 percent YoY, marking the fifth consecutive quarter of double-digit growth. Total annual revenue was $2.4 billion, a decrease of 3% year-over-year. (more...)
Sensex falls 550 points, Nifty near 10400 in opening trade Sensex falls 550 points, Nifty near 10400 in opening trade
- February 09, 2018

On the other hand, ONGC, Tata Steel , Asian Paints were down about one percent. Tata Steel posted a five-fold rise in third-quarter profit, but missed analysts' expectations. Auto stocks too contributed to the day's closing low with the BSE auto falling 239 points to 25,044 level. The BSE Sensex and Nifty50 are trading in the negative zone. (more...)
Dow Jones sinks 4 percent in volatile trading
- February 09, 2018

Teva Pharmaceutical fell 5%after the world's largest generic drugmaker forecast 2018 would be weaker than analysts estimate as the United States generics market continues to deteriorate. Trump, who has repeatedly praised Wall Street gains during his first year in office, dismissed recent market gyrations. Consider this: The S&P 500 has risen or fallen 1% five times in the past two weeks. (more...)
Mix Performers in Focus- British American Tobacco plc (NYSE:BTI)
- February 09, 2018

About 945,460 shares traded. British American Tobacco p.l.c.is a tobacco and next generation products company. It has outperformed by 1.08% the S&P500. Duff And Phelps Management accumulated 14,860 shares. Peddock Cap Advsrs Lc has 3,350 shares. Blume Mgmt owns 100 shares. Since August 10, 2017, it had 0 insider buys , and 1 insider sale for $1.96 million activity. (more...)
Stock Crash as Dow falls sharply with more to come Stock Crash as Dow falls sharply with more to come
- February 09, 2018

If you are planning on retiring in the next couple of months, you will have a slightly smaller pension pot than you did at the start of the year. The turmoil in global stock markets has echoes with what's been going on with bitcoin, the hugely volatile virtual currency, which rose exponentially to around $20,000 previous year before a precipitous slump. (more...)
NOVITEC Tesla Model S Looks Very Panda-like in China NOVITEC Tesla Model S Looks Very Panda-like in China
- February 09, 2018

Musk is a masterful marketer, and the red ink may not stem investors' excitement. The burn happened, but ended up being a little too successful and exceeded the Mars orbit. We also learned many lessons from the slower than planned production ramp of Model 3. As the council, which was reconstituted under Trump, convenes, one major question it will have to grapple with is: "How can we best spend our resources as a nation to ensure the most robust space portfolio we can?" said Phil ... (more...)
Ice T20 cricket 2018, 2nd match between Royals vs Diamonds today Ice T20 cricket 2018, 2nd match between Royals vs Diamonds today
- February 09, 2018

Former Pakistani all-rounder Shahid Afridi led Royals side lead 1-0 against Indian star Virender Sehwag's Diamonds Palace team after defeating them in the first match of Ice Cricket 2018. The Live coverage of Virender Sehwag Diamonds XI v/s Shahid Afridi Royals XI second match in St Moritz Ice Cricket will start at 3:30 pm. However, this is the first time that such a match has featured high profile stars of the sport and it being televised. (more...)
GBP CAD Exchange Rate Surges Higher After BoE Sounds Hawkish Note GBP CAD Exchange Rate Surges Higher After BoE Sounds Hawkish Note
- February 09, 2018

The rise directly affects 8.1 million households servicing a mortgage, although interest rates will remain at historically low levels. Well, because the market thinks BoE might raise interest rate in May to contain inflation. The bank 's chief task is to keep inflation close to a target of 2.0 percent, while the current annual rate stands at 3.1 percent. Official figures last month showed that the United Kingdom economy grew 0.5% in the last three months of 2017, which was faster than ... (more...)
Equity Research Analyst's Stock Ratings: Array BioPharma Inc. (ARRY), Energous Corporation (WATT)
- February 09, 2018

Approximately 4,412,928 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 4,926,410 shares. Array BioPharma Inc. New York-based Metropolitan Life New York has invested 0.03% in Watsco, Inc. Moreover, Massachusetts Fincl Co Ma has 0.93% invested in U.S. Bancorp (NYSE:USB). (more...)
North American markets plunge; Dow Jones in correction territory
- February 09, 2018

J.P. Morgan Chase, meanwhile, was down by more than 4 percent. The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,679. The index also broke below its 100-day moving average and closed under 2,600, two important thresholds. (more...)
Tech is leading the stock market rebound (AAPL, GOOGL, FB, NFLX) Tech is leading the stock market rebound (AAPL, GOOGL, FB, NFLX)
- February 09, 2018

It was a similar story in France and the United Kingdom, whose indices opened 3 and 2.5 percent lower respectively. US stocks crept higher on Wednesday as volatility eased and buyers returned to a market that is recovering from a record fall for the Dow Jones Industrial Average earlier this week. (more...)
MGM Resorts International (MGM) Analysts See $0.07 EPS
- February 09, 2018

The NYSE-listed company saw a recent bid of $34.68 on volume of 6.7 million shares. Another trade for 63,388 shares valued at $9.78M was made by AHRENDTS ANGELA J on Tuesday, October 3. The stock of TG Therapeutics, Inc. Topeka Capital Markets maintained Visa Inc. The stock has "Neutral" rating by UBS on Tuesday, August 1. H.C. Wainwright maintained TG Therapeutics, Inc. (more...)
Dow plunges 1000 as market swoons again
- February 09, 2018

Since then, the Dow and the Standard & Poor's 500 have fallen 10 percent, Wall Street's traditional definition of a correction. U.S. Treasury debt prices were last down slightly. All 30 components of the blue-chip Dow finished negative. After huge gains in the first weeks of this year, stocks started to tumble on Friday after the Labor Department said workers' wages grew at a fast rate in January. (more...)
Goodyear Tire & Rubber Co (GT) Plans $0.14 Quarterly Dividend Goodyear Tire & Rubber Co (GT) Plans $0.14 Quarterly Dividend
- February 09, 2018

Shares of Goodyear Tire & Rubber Co (NASDAQ:GT) opened at $33.47 on Thursday . It has underperformed by 9.03% the S&P500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . 21 funds opened positions while 69 raised stakes. Cleararc Capital Inc holds 6,482 shares. Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Cooper Tire & Rubber Company (NYSE:CTB). (more...)
(NASDAQ:CMCSA) Short Interest Update
- February 09, 2018

About 33.07 million shares traded or 33.06% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since February 8, 2017 and is uptrending. It has outperformed by 8.11% the S&P500. The stock has "Neutral" rating by Moffett Nathanson on Tuesday, June 20. Foxhaven Asset Management Lp, which manages about $761.64 million and $1.38 billion US Long portfolio, upped its stake in Liberty Expedia Holdings by 160,551 shares to 1.51 million shares, valued at $80.23 million in 2017Q3, according ... (more...)
Tesla is falling as it continues to 'wade through the weeds' (TSLA)
- February 09, 2018

But Tesla's fourth-quarter earnings report said the company delivered a record combined 28,425 Model S and Model X vehicles during the fourth quarter . However, Elon Musk said past year that the company would develop a new platform for Model Y. Musk later went back to the original plan to bring Model Y to market by "2019 or 2020". (more...)

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