Business


Cathay hits turbulance with huge 1st-half loss Cathay hits turbulance with huge 1st-half loss
- August 17, 2017

As rivals have expanded point-to-point regional and intercontinental flights, travelers from mainland China have less need to transfer via Hong Kong. Cathay Pacific Airways Ltd. Air China, which has a cross-shareholding deal with Cathay, reported RPK growth of 6.5 per cent. But top shareholder Swire Pacific - the storied Hong Kong conglomerate with a penchant for long-term investments - may take persuading. (more...)
Euro edges higher as dollar outlook darkens Euro edges higher as dollar outlook darkens
- August 17, 2017

This was based on the notion that waiting too long to tweak guidance could create a "misalignment" between the ECB's communication and its assessment of the economy , which could bring about increased market volatility when the communication eventually changed. (more...)
American Eagle Outfitters, Inc. (AEO) has a Market value of 2.03 Billion American Eagle Outfitters, Inc. (AEO) has a Market value of 2.03 Billion
- August 17, 2017

Other equities analysts also recently issued research reports about the company. Glen Harbor Capital Management LLC increased its stake in American Eagle Outfitters by 2.2% in the first quarter. More interesting news about American Eagle Outfitters (NYSE:AEO) were released by: Seekingalpha.com and their article: " American Eagle Outfitters: Large Upside Opportunity" published on July 17, 2017 as well as Seekingalpha.com's news article titled: "Valuation on American Eagle seen as ... (more...)
Ring found on a carrot Ring found on a carrot
- August 17, 2017

Mary Grams, 84, lost the ring while pulling weeds in the garden of the family's farm near Armena in Alberta, Canada, in September 2004, she told CBC News . She nearly fed it to her dog but made a decision to keep it and just threw it in her pail. "I guess we just kind of forgot about it and all of a sudden yesterday there was a ring around a carrot", he said. (more...)
Chesapeake Energy Corporation (NYSE:CHK) Receiving Somewhat Positive Media Coverage, Report Shows
- August 17, 2017

Several other large investors have also recently made changes to their positions in CHK . Royal Bank Of Canada reissued a "hold" rating and issued a $7.00 price objective on shares of Chesapeake Energy Corporation in a research report on Tuesday, April 25th. (more...)
Influential Analyst Rating Changes: Manulife Financial Corporation (MFC), Exxon Mobil Corporation (XOM) Influential Analyst Rating Changes: Manulife Financial Corporation (MFC), Exxon Mobil Corporation (XOM)
- August 17, 2017

Manulife Financial Corp (NYSE: MFC ) opened at 19.73 on Monday. A number of institutional investors have recently added to or reduced their stakes in MFC. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.1621 per share. This is a positive change from Manulife Financial Corp's previous quarterly dividend of $0.15. (more...)
United Kingdom inflation steady in July, may be nearing peak United Kingdom inflation steady in July, may be nearing peak
- August 17, 2017

The CPI measure had surged in May to a four-year peak at 2.9 percent, as the Brexit-hit pound raised import costs. The pound shed more than a cent to reach $1.2855 on the foreign exchange markets, after the consumer prices index held steady at 2.6% last month, the same level as recorded in June. (more...)
Revenue Growth Analysis of Gilead Sciences Inc. (GILD)
- August 17, 2017

The stock increased 0.03% or $0.02 during the last trading session, reaching $74.06. About 132,334 shares traded. It has outperformed by 7.42% the S&P500. Dubuque Bank & Trust Co. now owns 1,642 shares of the biopharmaceutical company's stock worth $112,000 after buying an additional 267 shares during the last quarter. (more...)
Encana Corporation (NYSE:ECA) Encana Corporation (NYSE:ECA)
- August 17, 2017

The fund owned 98,047 shares of the oil and gas company's stock after buying an additional 26,155 shares during the period. Geode Capital Management LLC's holdings in Encana Corporation were worth $5,358,000 as of its most recent filing with the SEC. (more...)
Trump Disbands Manufacturing Panels Following Charlottesville Backlash Trump Disbands Manufacturing Panels Following Charlottesville Backlash
- August 17, 2017

There are myriad reasons for CEOs to join presidential commissions in the first place. He then tweeted on drug prices: "Now that Ken Frazier of Merck Pharma has resigned from President's Manufacturing Council, he will have more time to LOWER RIPOFF DRUG PRICES! ". (more...)
Lockheed Martin Corporation (LMT) SVP Sells $2901100.00 in Stock Lockheed Martin Corporation (LMT) SVP Sells $2901100.00 in Stock
- August 17, 2017

Lockheed Martin now has $87.48B valuation. The stock increased 1.15% or $0.59 during the last trading session, reaching $51.8. About 10 shares traded. Stifel Nicolaus maintained it with "Buy" rating and $32000 target in Tuesday, July 18 report. Wells Fargo upgraded the stock to "Outperform" rating in Monday, September 19 report. (more...)
Jaffetilchin Investment Partners LLC Lowers Stake in NetApp, Inc. (NTAP) Jaffetilchin Investment Partners LLC Lowers Stake in NetApp, Inc. (NTAP)
- August 17, 2017

Mn Services Vermogensbeheer B.V.'s holdings in NetApp were worth $1,800,000 at the end of the most recent reporting period. Several hedge funds have recently bought and sold shares of NTAP. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.91%. NetApp's dividend payout ratio (DPR) is now 44.20%. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and worldwide trademark & copyright law. (more...)
Crude Oil Drifting Lower By The Day
- August 17, 2017

The draw compares to analyst expectations of a draw of 3.6 million barrels for the week ending August 11. October Brent crude on London's ICE Futures fell 6 cents, or 0.1%, to $50.21. In July 2017, OPEC oil production rose to ~32.9 million barrels per day above the pledged output level of 32.5 million barrels per day. The government data also showed the largest weekly decline in USA crude supplies since September of previous year and they have now fallen seven weeks in a row, but those ... (more...)
Pioneer Natural Resources Company (PXD) Stake Lowered by US Bancorp DE Pioneer Natural Resources Company (PXD) Stake Lowered by US Bancorp DE
- August 17, 2017

About shares traded. Pioneer Natural Resources (NYSE:PXD) has risen 8.46% since August 15, 2016 and is uptrending. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company's stock worth $467,000 after buying an additional 10 shares during the last quarter. (more...)
Nike, Inc. (NKE) Position Decreased by Private Bank & Trust Co
- August 17, 2017

Amid last week's escalating tension between the USA and North Korea, the CBOE Volatility Index (VIX) - also dubbed the stock market's "fear gauge" - made a relatively rare one-day surge of more than 40%. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $66.00 target price on shares of Nike in a research report on Friday, June 30th. Nike has a consensus rating of "Buy" and an average target price of $61.04. (more...)
Infosys to consider buyback proposal Infosys to consider buyback proposal
- August 17, 2017

The BSE Sensex extended gains in post-noon trade, rising over 100 points on Thursday as Infosys, the second biggest IT outsourcer in India , surged over 5 per after announcing a likely share buyback, while Asian markets rose as tensions between the US and North Korea eased. (more...)
Inc. Has $7.09 Million Stake in Wal-Mart Stores, Inc. (WMT) Inc. Has $7.09 Million Stake in Wal-Mart Stores, Inc. (WMT)
- August 17, 2017

The stock increased 0.84% or $0.22 during the last trading session, reaching $26.49. Summit Global Investments now owns 105,312 shares of the retailer's stock worth $7,591,000 after buying an additional 29,893 shares during the last quarter. (more...)
Traders Buy Large Volume of Call Options on Applied Materials (AMAT) Traders Buy Large Volume of Call Options on Applied Materials (AMAT)
- August 17, 2017

Matador Resources Company now has $2.37B valuation. Narrowing in a bit closer, the 5 month price index is 1.12331, the 3 month is 0.99401, and the 1 month is now 0.95141. (NASDAQ:AMAT) for 457,325 shares. The VC1 of Applied Materials, Inc. Therefore 86% are positive. While looking the figure depicted by the Price to Earning we can suggest that the shares of Applied Materials, Inc. (more...)
HDFC Bank slashes interest rate on savings bank accounts by 50 bps HDFC Bank slashes interest rate on savings bank accounts by 50 bps
- August 17, 2017

Customers maintaining account balance of below Rs. 50 lakh will earn interest at 3.5% per annum. "Customers maintaining account balance of below Rs 50 lakh will earn interest at 3.5% per annum". You can take benefit of it and move your account to any of the small banks close to you. Airtel is offering the highest interest rates among the functioning payments banks. (more...)
Prospera Financial Services Inc Acquires 2450 Shares of Transocean Ltd. (NYSE:RIG) Prospera Financial Services Inc Acquires 2450 Shares of Transocean Ltd. (NYSE:RIG)
- August 17, 2017

Zacks' EPS averages are an average based on a survey of research analysts that cover Transocean. The acquisition is expected to strengthen Transocean's fleet by incorporating Songa Offshore's four "Cat-D" harsh environment, semisubmersible drilling rigs , which are now on long-term contracts with Statoil in Norway. (more...)
Analysts Consensus For Lloyds Banking Group (LON:LLOY) Analysts Consensus For Lloyds Banking Group (LON:LLOY)
- August 17, 2017

The stock received analysts' mean target price of $2.87. Finally, Royal Bank Of Canada set a GBX 90 ($1.17) target price on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Thursday, April 27th. COPYRIGHT VIOLATION WARNING: This story was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United ... (more...)
Japan's exports rise for eighth straight month Japan's exports rise for eighth straight month
- August 17, 2017

TOKYO-Japanese exports rose 13.4% in July from a year ago, helped by exports of cars and automotive components. Exports had been fueling an expansion in recent quarters, but domestic demand drove growth in the three months through June, with the economy expanding at an annualized rate of 4%, projected as the best rate among Group of Seven economies. (more...)
Kimco Realty Corporation (KIM) Stock Support And Resistance Levels
- August 17, 2017

Therefore 43% are positive. SL Green Realty Corporation has a 52-week low of $93.90 and a 52-week high of $118.87. Narrowing in on Moving Averages, the 200-day for Kimco Realty Corporation Class (KIM-J) is at 24.52, the 50-day is 25.19, and the 7-day is resting at 25.10. (more...)
PC Financial, CIBC Parting Ways PC Financial, CIBC Parting Ways
- August 17, 2017

This means that the President's Choice Financial brand will wind-down its consumer banking offer. PC Financial says everyday banking will continue without interruption. Simplii will take over customer accounts starting Nov.1. Until then, customers can continue to use their current debit card. Simplii customers will still have free access to CIBC's ATM network, but won't be able to bank through its branches, while CIBC and Loblaw will start in November to phase out their banking machines ... (more...)
B&Q owner reports fall in sales during second quarter B&Q owner reports fall in sales during second quarter
- August 17, 2017

Kingfisher also saw sales slip in France, where it trades as Castorama and Brico Depot and where the housing market has also stuttered. 'The group continues to adapt to new processes as under its transformation programme and a significant amount of change is planned for the second half while also remaining cautious on the outlook for the business in the United Kingdom and France'. (more...)