Business


Legendary guitar-maker Gibson files for bankruptcy Legendary guitar-maker Gibson files for bankruptcy
- May 02, 2018

Bankruptcy Court in DE, said it will be "re-focusing the company on the manufacturing of world-class, musical instruments and professional audio products and the continued development of the company's portfolio of iconic, globally recognized brands, including Gibson and Epiphone , by reorganizing around its core businesses". (more...)
State collects highest SGST of ₹ 1021 cr State collects highest SGST of ₹ 1021 cr
- May 01, 2018

Sandeep Chilana, Partner, Shardul Amarchand Mangaldas said: " GST collections for the month of March 2018 shows buoyance and increasing acceptance for compliances under GST laws". However, the finance ministry clarified that the April collection could not be taken as a trend. "Undoubtedly, the impact of e-way bill can be seen from the figures of GST revenue collection". (more...)
Under Armour (UA) Given News Sentiment Score of 0.05 Under Armour (UA) Given News Sentiment Score of 0.05
- May 01, 2018

Canaccord Genuity set a $65.00 price objective on Under Armour and gave the company a buy rating in a research note on Saturday, September 17th. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. (more...)
Canadian Restaurant Tried To Make Black Customers Prepay For Food Canadian Restaurant Tried To Make Black Customers Prepay For Food
- May 01, 2018

Wickham, who noticed that he and his friends were the only Black people at the restaurant, said he asked other patrons if they had paid before receiving their meals and was told no. So Hong Shing started asking customers it didn't recognize to prepay for meals, the restaurant said. "First, there is no evidence that the policy even exists as the respondent did not call any witnesses. (more...)
Rusty Sixers Lose to Celtics in Game 1 Rusty Sixers Lose to Celtics in Game 1
- May 01, 2018

Embiid led the Sixers with a game-high 31 points and 13 rebounds. Simmons and Brown both felt the Sixers failed to move the ball enough in Game 1; ball and player movement had been a hallmark of Philadelphia's offense during its recent run of success. (more...)
Scotland leads the way with mininum unit pricing for alcohol Scotland leads the way with mininum unit pricing for alcohol
- May 01, 2018

Licensing law expert Audrey Ferrie of Pinsent Masons, the law firm behind Out-Law.com, said that the impact of minimum unit pricing in Scotland would be watched with interest, particularly by other United Kingdom governments which are considering similar policies. (more...)
Trump to Meet Crew of Southwest Flight that Made Emergency Landing Trump to Meet Crew of Southwest Flight that Made Emergency Landing
- May 01, 2018

Tammie Jo Shults, one of the first female Navy fighter pilots, landed the Dallas-bound plane safely in Philadelphia following the engine failure. Jennifer Riordan, a mother and bank vice president of community relations from New Mexico, was partially sucked out of a window that had broken before passengers pulled her back inside. (more...)
Stocks Entering Oversold Region: AK Steel Holding Corporation (NYSE:AKS) Stocks Entering Oversold Region: AK Steel Holding Corporation (NYSE:AKS)
- May 01, 2018

This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. These Revenue projections are a consensus of 2 Analysts. The recent change has given its price a -4.22% deficit over SMA 50 and -32.53% deficit over its 52-week high. As per Thursday, January 5, the company rating was downgraded by TD Securities. (more...)
Asda remains Asda remains "committed to Leeds" after proposed merger
- May 01, 2018

A tie-up would also provide the advantage of the different customer bases, with McKevitt noting Sainsbury's registers almost 59 per cent of its sales in London and the South East, while Asda racks up almost two-thirds of its sales outside of those two areas. (more...)
Four skiers die in Swiss Alps after spending night in snowstorm Four skiers die in Swiss Alps after spending night in snowstorm
- May 01, 2018

Several of them had hypothermia, while one victim is said to have died as a result of a fall, according to police. At least six skiers died after getting caught up in a sudden storm in Swiss Alps, officials said on Tuesday. The hikers were Italian, French and German, the statement added. Police said nobody was harmed. Four skiers and two climbers have died in separate incidents in the Swiss Alps after bad weather swept through the Valais region on Sunday. (more...)
Summit Midstream Partners, LP (NYSE:SMLP) Sees RSI Reach 53.31
- May 01, 2018

Veracyte, Inc. (NASDAQ:VCYT) has declined 39.30% since April 30, 2017 and is downtrending. It has outperformed by 0.80% the S&P500. Ancora Advisors Ltd Liability has invested 0.01% of its portfolio in EQT Midstream Partners, LP (NYSE:EQM). During Q4 2017 the big money sentiment decreased to 0.76. It has change of 0.41, from 2017Q3's 0.83. 35 investors sold all, 186 reduced holdings as Magellan Midstream Partners, L.P. (more...)
Knicks' Kristaps Porzingis for Spurs' Kawhi Leonard? Knicks' Kristaps Porzingis for Spurs' Kawhi Leonard?
- May 01, 2018

A quadriceps injury limited Leonard to just nine regular-season games this past season, and the Golden State Warriors eliminated the Spurs in five games in the opening round of the 2018 National Basketball Association playoffs. Wright noted last week that "an all-hands-on-deck summer meeting" with Leonard is a priority for the Spurs this offseason. This year he was out 73. (more...)
BP share price outperforms as group's Q1 profits jump BP share price outperforms as group's Q1 profits jump
- May 01, 2018

It paid out some US$1.6bn in payments connected to the Gulf of Mexico oil spill, including the US$1.2bn final payment relating to the 2012 settlement with the US Department of Justice. Brent crude is now trading around $75 a barrel. BP has also benefitted from new sources of oil and gas production, including Atoll in Egypt. First-quarter production rose to 3.7 million barrels of oil equivalent per day, up 6 percent from a year earlier. (more...)
Starbucks' (SBUX) Outperform Rating Reiterated at Oppenheimer
- May 01, 2018

Personal Cap Advisors Corporation has 0.43% invested in Starbucks Corporation (NASDAQ: SBUX ). Christopher Pucillo decreased its stake in Boeing Company (BA) by 21.79% based on its latest 2017Q4 regulatory filing with the SEC. Janney Montgomery Scott Limited Liability Com owns 0.14% invested in Starbucks Corporation (NASDAQ: SBUX ) for 234,050 shares. First Citizens Bank owns 5,277 shs. (more...)
Phillips 66 (PSX) Upgraded at ValuEngine
- May 01, 2018

Phillips 66 (NYSE:PSX) closed its last session at $111.34. PSX outperformed by 12.35% the S&P500. Barclays reaffirmed a sell rating and set a $111.00 price target on shares of Phillips 66 in a research report on Wednesday, January 10th. Sigma Planning Corporation holds 11,450 shares or 0.09% of its portfolio. BlackRock Inc. grew its position in Phillips 66 by 0.4% during the fourth quarter. (more...)
DP World, Virgin Hyperloop launch speedy cargo delivery service DP World, Virgin Hyperloop launch speedy cargo delivery service
- May 01, 2018

DP World and Virgin Hyperloop One unveiled their vision for the hyperloop-enabled freight transportation system at a launch event attended by His Highness Sheikh Mohammed bin Rashid, DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem and Virgin Group Founder and Virgin Hyperloop One Chairman, Sir Richard Branson . (more...)
Pan American Silver (PAAS) Expected to Post Earnings of $0.18 Per Share
- May 01, 2018

It closed at $16.68 lastly. MYR Group Inc. (NASDAQ:MYRG) has declined 22.82% since April 28, 2017 and is downtrending. It has underperformed by 55.23% the S&P500. Riley & Co. (NASDAQ: PAAS ) rating on Tuesday, February 27. The firm has "Buy" rating given on Friday, February 2 by RBC Capital Markets. Cantor Fitzgerald maintained the shares of SHPG in report on Monday, August 21 with "Buy" rating. (more...)
Anadarko Petroleum Corporation (APC) Hit 12-Month High on April, 30
- May 01, 2018

Covington Capital Management who had been investing in Anadarko Pete Corp for a number of months, seems to be less bullish one the $34.80 billion market cap company. The firm has "Hold" rating given on Tuesday, November 10 by Maxim Group. Zacks Investment Research lowered Anadarko Petroleum from a "buy" rating to a "hold" rating in a research note on Friday, February 16th. (more...)
Do Institutional Investors Hate Patterson Uti Energy Inc (NASDAQ:PTEN)?
- May 01, 2018

Shares of Patterson-UTI stock opened at $21.13 on Friday . It has 3.81 million average volume. Patterson-UTI (NASDAQ: PTEN ) had its target price raised by equities researchers at Citigroup from $24.00 to $25.00 in a research note issued on Monday. (more...)
USA dollar climbs on positive inflation data USA dollar climbs on positive inflation data
- May 01, 2018

The thing is the latest core PCE inflation reading is in line with expectations, both of the market and that of the Fed's. Outgoing New York Fed President William Dudley told CNBC on April 16 that the central bank might have to alter its strategy of gradual rate increases "if inflation were to go above 2 percent by an appreciable margin". (more...)
Some Telstra 4G, NBN And Voice Call Services Are Down Some Telstra 4G, NBN And Voice Call Services Are Down
- May 01, 2018

A Telstra spokesperson told CRN the telco was experiencing intermittent interruptions to its 4G network, while the 3G network was operating normally. Customers began complaining of the outage on Tuesday afternoon, saying they were unable to make or receive calls. (more...)
Amazon to add 3000 Vancouver tech jobs via Hub expansion Amazon to add 3000 Vancouver tech jobs via Hub expansion
- May 01, 2018

For his part, Amazon vice president of Canada and Mexico Gagnon said the company was "excited" to create 3000 new "highly-skilled" jobs in Vancouver. Amazon already employs more than 6000 full-time workers across Canada, including more than 1000 researchers and engineers in Vancouver who primarily create new products and services for the company's global retail and Amazon Web Services (AWS) businesses. (more...)
WRAPUP 2-US annual inflation measures jump; consumer spending rises WRAPUP 2-US annual inflation measures jump; consumer spending rises
- May 01, 2018

The PCE index, the Fed's preferred inflation barometer, rose to 2% year over year from a 1.7% pace in February. Currently, interest rates futures imply traders have priced in a 45 percent chance the USA central bank will raise short-term borrowing costs three more times in 2018 with the next hike at its June 12-13 meeting, CME Group's FedWatch program showed. (more...)
Dublin train station evacuated over security alert after 'suspected explosive material' found Dublin train station evacuated over security alert after 'suspected explosive material' found
- May 01, 2018

The army have been called for assistance and the station will remain closed until further notice. Full services are resuming. Connolly was evacuated and closed along with nearby houses and offices on Monday morning, the Irish Rail operator tweeted . (more...)
Intermediate Capital Group plc (ICP) Received Hold Rating at Numis Securities Ltd
- May 01, 2018

On Monday, November 13 the stock rating was upgraded by Shore Capital to "Buy". The stock has "Hold" rating by Jefferies on Wednesday, November 29. The stock has "Buy" rating by Peel Hunt on Monday, April 9. It has a 30.5 P/E ratio. (NASDAQ:QTRH) to report $-0.02 EPS on May, 3.They anticipate $0.04 EPS change or 66.67% from last quarter's $-0.06 EPS. About 6.03M shares traded or 22.72% up from the average. (more...)

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