Business


North American stocks plunge, Dow and S&P 500 enter correction territory North American stocks plunge, Dow and S&P 500 enter correction territory
- February 09, 2018

The S&P 500 rose 19.12 points, or 0.7 per cent, to 2,714.26 and the Nasdaq Composite was up 22.72 points, or 0.32 per cent, at 7,138.60. 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...)
Market Monitor: PPOH Line Below Zero for United Parcel Service (UPS)
- February 09, 2018

The institutional investor held 446,190 shares of the health care company at the end of 2017Q3, valued at $83.11 million, down from 694,340 at the end of the previous reported quarter. Burke And Herbert Bankshares And Trust Company has 0.26% invested in United Parcel Service, Inc. Mitsubishi Ufj Trust And owns 1.42 million shares or 0.31% of their U.S. (more...)
LL Bean Ends Lifetime Return Policy Because People Are Stupid LL Bean Ends Lifetime Return Policy Because People Are Stupid
- February 09, 2018

Others seek refunds for products that have been purchased through third parties, such as at yard sales. The brand stresses that the change will only affect a small percentage of returns, and they're still standing by the quality of everything that they sell. (more...)
Amazon Adds Whole Foods Delivery to Prime Now In Dallas Amazon Adds Whole Foods Delivery to Prime Now In Dallas
- February 09, 2018

Prime members receive free two-hour delivery, or they can choose ultra-fast delivery within an hour for $7.99 on orders of $35. Amazon and Whole Foods plan to expand the delivery to other cities in 2018. Customers can start shopping from Whole Foods Market selection at www.primenow.com or by using the Prime Now app available on Android and iOS devices. (more...)
Stock Picks of the Day: Cerus Corporation (CERS), Occidental Petroleum Corporation (OXY)
- February 09, 2018

If Occidental Petroleum Corporation (NYSE: OXY ) shares can stay above the price resistance around $69.6 a share, that could help propel Occidental Petroleum Corporation (NYSE:OXY) higher to the next line of resistance at $70.72 a share. (more...)
Elon Musk's Tesla Roadster in space: All you need to know Elon Musk's Tesla Roadster in space: All you need to know
- February 09, 2018

Tesla may claim to have the first production-based vehicle in space, but the Lunar Rover will always hold the title as the first auto to actually be used in space. Late Tuesday, Musk said the final firing of the rocket's upper stage put his auto on a more distant trajectory than anticipated. Musk confirmed late Tuesday that a final burn by the Falcon Heavy's upper stage engine had successfully initiated a "trans-Mars injection" boosting the vehicle into an orbit around the sun ... (more...)
Dow plummets over 1000 points amid rising yields Dow plummets over 1000 points amid rising yields
- February 09, 2018

This week's sell-off followed a stronger-than-expected jobs report in the US earlier this month that fueled worries over inflation and concerns the Federal Reserve will raise rates in the world's largest economy at a faster pace than expected. (more...)
Twitter Posts First-Ever Profit; Shares Rise But Problems Continue!
- February 09, 2018

Shares jumped as much as 22 percent from Wednesday's closing price of $26.91 following the earnings report; as of midday trading, they were sitting around $31.27 per share. Total ad engagements were up 75% year-over-year which has been put down to engagement growth, improved products, better ad relevance to the user. In addition, the company said average daily active users grew 12% year-over-year. (more...)
Cheniere Energy, Inc. (LNG) Shares Bought by Fusion Family Wealth LLC
- February 09, 2018

According to Zacks, "CHENIERE ENERGY PARTNERS, L.P.is a DE limited partnership recently formed by Cheniere Energy, Inc. through its wholly owned subsidiary, Sabine Pass LNG, L.P. Its up 0.09, from 1.05 in 2017Q2. It dropped, as 16 investors sold CQH shares while 27 reduced holdings. 104 funds opened positions while 395 raised stakes. (more...)
Opko Health, Inc. (OPK): What are the Technicals Saying?
- February 09, 2018

The institutional investor held 255,000 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $1.75 million, down from 350,000 at the end of the previous reported quarter. The stock decreased 3.46% or $1.22 during the last trading session, reaching $34.06. A lower P/B ratio could mean that the stock is undervalued. The overall market is assigned a beta of 1.0. (more...)
Canada shed 88000 jobs in January Canada shed 88000 jobs in January
- February 09, 2018

The unemployment rate in Kitchener-Waterloo fell to 5.1 per cent, but only because of 2,600 drop in the local labour force. "It looks like in Saskatchewan. The number employed dropped by 51,000 but all the declines were in part-time jobs. By comparison, the number of people who identified as self-employed workers - often seen as a less desirable category that includes unpaid work in a family business - increased last month by 23,900. (more...)
Vague Security Linked to Stock Volatility Plunges 80 percent (VIX) Vague Security Linked to Stock Volatility Plunges 80 percent (VIX)
- February 09, 2018

Many are even looking for an opportunity to buy "short volatility" again using exchange-traded products (ETPs). He shared on his Twitter account an old-school stereo volume counter showing the liquidity levels on the US S&P index futures contracts. (more...)
Stock Market Is Set to Plunge Again At Open Stock Market Is Set to Plunge Again At Open
- February 09, 2018

The Dow Jones industrial average slumped almost 300 points in midday trading after surging more than 349 points earlier in the day. US equities extended their losses in a week overtaken by wild swings in the stock market. Ten-year Treasury yields fluctuated near their four-year highs. USA stocks rallied Tuesday as a late surge helped them regain nearly half their losses from the day before, when they had their biggest plunge in 6 ½ years amid heavy trading and huge swings for the market. (more...)
Harrington Investments INC Purchases Shares of 3532 Cognizant Technology Solutions Corp (CTSH) Harrington Investments INC Purchases Shares of 3532 Cognizant Technology Solutions Corp (CTSH)
- February 09, 2018

Blair William And Il has 0.02% invested in Cognizant Technology Solutions Corporation (NASDAQ: CTSH ) for 33,190 shares. Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.50 as current ratio and on the opponent side the debt to equity ratio was 0.90 and long-term debt to equity ratio also remained 0.80. (more...)
After Larry Nassar sentencing, USA swimming coach in new sex abuse row After Larry Nassar sentencing, USA swimming coach in new sex abuse row
- February 09, 2018

Former US Olympic swimmer accuses her former national team coach of sexually abusing her when she was 16 . All three "unequivocably" denied the existence of a sexual or romantic relationship at the time, according to USA Swimming . "If this organization had immediately reported what it knew to authorities, Hutchison likely would have been stopped, Ariana would have been spared years of abuse, and countless other young girls would have been protected form this sexual predator". (more...)
Energy Transfer Equity LP (ETE) Announces Quarterly Dividend of $0.31
- February 09, 2018

Energy Transfer Partners , L.P. (NYSE: ETP ) has declined 20.28% since February 8, 2017 and is downtrending. It has underperformed by 5.63% the S&P500. Zacks Investment Research downgraded Energy Transfer Partners from a "hold" rating to a "sell" rating in a report on Monday. The stock now has an average rating of "Buy" and an average target price of $25.86. (more...)
Are Investors Swooping in On Digital Realty Trust, Inc. (NYSE:DLR) Shares? Are Investors Swooping in On Digital Realty Trust, Inc. (NYSE:DLR) Shares?
- February 09, 2018

Antipodean Advisors Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $653.79 billion market cap company. Analysts await LogMeIn, Inc. VNO's profit will be $196.37M for 17.11 P/E if the $0.97 EPS becomes a reality. After $0.37 actual EPS reported by Acadia Realty Trust for the previous quarter, Wall Street now forecasts -10.81 % negative EPS growth. (more...)
Buckingham Asset Management LLC Has $2.36 Million Stake in McDonald's Co. (MCD)
- February 09, 2018

McDonald's Corporation (MCD ) negotiated 4.6 million shares and maintained an average volume of 3.19 million shares. McDonald's (NYSE:MCD) last announced its quarterly earnings results on Tuesday, January 30th. The stock of McDonald's Corporation (NYSE:MCD) earned "Outperform" rating by Credit Suisse on Monday, June 27. The rating was maintained by Nomura with " Buy " on Monday, February 5. (more...)
Eurostar to launch London-Amsterdam link on April 4 Eurostar to launch London-Amsterdam link on April 4
- February 09, 2018

Tickets for the two daily trains - starting from £35 one way - will go on sale on 20 February. About 4 million people now travel between London and Amsterdam by air, and Eurostar said it's targeting a significant share of that market. Our new route marks the culmination of the extensive investment in high speed rail on both sides of the Channel. The company has captured more than 70 per cent of the combined London-Paris air and train market, though journey times to the French capital are ... (more...)
Uber and Waymo reach settlement in trade secrets case Uber and Waymo reach settlement in trade secrets case
- February 09, 2018

Uber has settled its court case with Waymo - the Alphabet-owned autonomous auto company. The trial began February 5 after a year of legal wrangling, twists, and turns. Uber is now valued at about $72 billion, which works out to about $240 million, according to Waymo. Khosrowshashi said he didn't think Uber had stolen trade secrets from Waymo, but that some of its employees may have inappropriately taken files from Google before they left. (more...)
Stocks open higher after yesterday's big drop Stocks open higher after yesterday's big drop
- February 09, 2018

The retreat in equities had been long awaited by investors as the market climbed steadily to record high after record high with few bumps. The 10-year U.S. The Dow Jones fell 1,032 points on Thursday, the second decline of more than 1,000 points for the index in a week. Alexandra Coupe, associate director of United States investment manager PAAMCO, said rising inflation made stocks less attractive. (more...)
Softbank raises eyebrows with talks to buy a slice of Swiss Re Softbank raises eyebrows with talks to buy a slice of Swiss Re
- February 09, 2018

Buffett has his own history with Swiss Re: he gave the reinsurer a 3 billion-Swiss franc ($3.2 billion) capital injection during the height of the financial crisis. It would also come at a time when the reinsurance industry has been hit by rock bottom interest rates that have dampened investment returns with falling industry prices putting pressure on margins. (more...)
Auto Expo 2018: Green Cars in Spotlight as India Eyes Electric Revolution Auto Expo 2018: Green Cars in Spotlight as India Eyes Electric Revolution
- February 09, 2018

Hyundai Motor India, the country's second-largest manufacturer of passenger vehicle, launched the new 2018 Elite i20 and unveiled its Global EV, Ioniq. "Even though we have arrived here a little late, we have come fully prepared", CEO Han-Woo Park said. French vehicle manufacturer Renault showcased its mini electric auto ZOE and the TREZOR, a two-seater electric supercar. (more...)
Investors Need to Be Considers: The Procter & Gamble Company (NYSE:PG)
- February 09, 2018

It has outperformed by 9.32% the S&P500. Financial Advisory Group lowered its holdings in Procter & Gamble Co (NYSE:PG) by 11.6% during the third quarter, HoldingsChannel.com reports. Lincoln Capital LLC now owns 12,839 shares of the company's stock worth $1,119,000 after buying an additional 305 shares during the last quarter. Procter & Gamble's payout ratio is 73.60%. (more...)
Trinity Mirror buys Daily Express and Daily Star titles Trinity Mirror buys Daily Express and Daily Star titles
- February 09, 2018

Northern & Shell operates a print plant in Luton and websites Express .co.uk and Dailystar.co.uk racked up 280 million page views in December 2017. For Desmond himself today's announcement marks the effective end to his 43-year career in publishing after rising to prominence in the 80s after securing the United Kingdom rights to publish Penthouse. (more...)

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