Business


ITC Q4 net up 9.8% to Rs 2933 crore ITC Q4 net up 9.8% to Rs 2933 crore
- May 16, 2018

Total income in the quarter under review stood at Rs 11329.74 crore, down 26 per cent from Rs 15410.92 crore in the corresponding period previous year. It was at Rs 14,882.75 crore in the corresponding period of the last fiscal. Pre-tax profit from other consumer goods jumped to Rs91.21 crore from Rs55.56 crore in the same period a year ago. (more...)
Boris Johnson joins fight to keep Iran nuclear deal alive Boris Johnson joins fight to keep Iran nuclear deal alive
- May 16, 2018

Crude prices rose sharply this week to the highest level since 2014 on expectations that US sanctions will crimp exports of Iranian crude. Ship insurance was a critical hurdle when sanctions were previously imposed on Iran because tanker operators couldn't obtain the level of cover that's considered standard across the oil industry. (more...)
Lachlan Murdoch to be New Fox CEO after proposed Disney deal Lachlan Murdoch to be New Fox CEO after proposed Disney deal
- May 16, 2018

While Rupert Murdoch has not withdrawn from the companies, he has been gradually turning over more authority to his sons Lachlan and James, who now is CEO at 21st Century Fox . Disney would acquire Fox's film and television studios, its FX and National Geographic cable networks, Fox's regional sports networks, its stakes Hulu and in United Kingdom pay TV provider Sky, as well as Star India. (more...)
Macy's Inc Stock Surges on Strong Q1 Earnings Beat Macy's Inc Stock Surges on Strong Q1 Earnings Beat
- May 16, 2018

Deutsche Bank lifted their price target on shares of Macy's from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Monday, February 26th. The company also raised its earnings guidance for 2018 by 20 cents per share, to between $3.75 and $3.95. Just last week, the shares of Macy's Morgan were downgradedbg Morgan Stanley, citing declining sales and profit "pressure" from online players for the ratings change. (more...)
BT overhauls consumer business with bid to combine mobile and broadband BT overhauls consumer business with bid to combine mobile and broadband
- May 16, 2018

That's why we need to change the face of networks in the UK. "We are going to be the only place to get all of this content on one box with an integrated search experience". Asked to what extent the strategy was about BT positioning itself as a consumer-focused business (instead of a struggling enterprise company with a flagging share price), Allera said: "What [was] announced last week [about the] company vision and strategy, [showed] convergence is important for enterprise as well". (more...)
Oil Money Might Help Mahathir Fund Malaysia's Budget Without GST Oil Money Might Help Mahathir Fund Malaysia's Budget Without GST
- May 16, 2018

The Finance Ministry, announcing this in a statement today, said the change goes into effect nationwide and will remain until further notice. The "zero per cent" move means that the deeply unpopular GST is effectively abolished. "Whatever excess taxes collected under GST will be refunded", he told reporters at Yayasan Perdana, today. The new government has said that its income would not be affected by doing away with the tax. (more...)
The Facebook Youth Portal and our Ongoing Work with Teens | Facebook Newsroom The Facebook Youth Portal and our Ongoing Work with Teens | Facebook Newsroom
- May 16, 2018

Last but not the least, they can even look to the portal for advice on what to do if they feel like they need a break from social media and general guidelines on how to make the most of their time on the internet. Youth Portal is essentially an online resource center, which has guides on how users can control their Facebook settings, along with more information about the tools the platform offers and how to apply them. (more...)
DirecTV's Cloud DVR Stores 20 Hours for 30 Days DirecTV's Cloud DVR Stores 20 Hours for 30 Days
- May 16, 2018

Travel with your Locals - granted the local is also available in the market you're traveling to, you can now stream your local channels when you travel. You can record your favorite shows and games and watch anytime you want for up to 30 days on your compatible smartphone, tablet or connected big screen at home. (more...)
Amazon serves up a simplified Ethereum blockchain platform on its cloud Amazon serves up a simplified Ethereum blockchain platform on its cloud
- May 16, 2018

Because of this, the promise of blockchain technology for many is still out of reach due to the lack of readily available solutions in the market. The move will let companies uninitiated in the cryptoverse quickly embrace the space's keystone tech, blockchain , with as little friction as possible. (more...)
Analyst Update for American Campus Communities Inc (NYSE:ACC)
- May 16, 2018

Refinery runs in March also jumped to a record as import quotas for the small independent refiners-the so-called "teapots"-were raised and refinery margins stayed healthy". However out of 13 analysts 1 suggest AK Steel Holding Corp ( NYSE : AKS ) a Strong Buy, 3 suggested Buy, 8 Hold and 1 Sell, while 1 analysts recommend the stock a Strong Sell. (more...)
Time Warner Inc. (TWX)
- May 16, 2018

Slow Capital Inc. purchased a new stake in Time Warner in the 4th quarter valued at about $113,000. ( NYSE : TWX ) news were published by: Seekingalpha.com which released: "Disney still dominating May box office as rivals gather scraps" on May 14, 2018, also Seekingalpha.com with their article: "AT&T opposes divestitures in TWX deal" published on May 04, 2018, Investorplace.com published: "AT&T Inc". (more...)
Tencent reports over a billion WeChat users in Q1 Tencent reports over a billion WeChat users in Q1
- May 16, 2018

This upturn was largely driven by revenue from online games, advertisements and social networks. Tencent has a hand in the two biggest games in the smartphone world today: Player Unknown Battlegrounds (PUBG) and Fortnite . The essay, written by veteran tech editor Pan Luan, claimed the company had "lost its dream" by becoming an investment company instead of continuing to develop great products in core areas such as search, e-commerce, information streaming, short video and cloud services. (more...)
Novartis ex-CEO says regrets hiring, not firing Trump lawyer Novartis ex-CEO says regrets hiring, not firing Trump lawyer
- May 16, 2018

Ehrat will be replaced starting from June 1 by Shannon Thyme Klinger, who is now Novartis's ethics, risk and compliance officer. Felix Ehrat , 61, who was general counsel and a member of the Novartis executive committee since 2011, is retiring and will be succeeded by the chief risk and compliance officer, according to a statement released in conjunction with an investor meeting. (more...)
Paddy Power in talks to tie-up with FanDuel Paddy Power in talks to tie-up with FanDuel
- May 16, 2018

In particular sites such as FanDuel and other daily fantasy sports focused businesses have become far more appealing to foreign sports betting company's who are looking to establish themselves in the US. It is backed by the likes of Kohlberg Kravis Roberts, Google Capital and NBC Sports Ventures. FanDuel was part of merger discussion past year with rival DraftKings but the plan was scrapped in July after a legal challenge by the US Federal Trade Commission. (more...)
Liberty Global (LBTYK) Shares Bought by Karpas Strategies LLC
- May 16, 2018

While looking at the Stock's Performance, Liberty Global plc now shows a Weekly Performance of -6.55%, where Monthly Performance is -0.84%, Quarterly performance is -13.39%, 6 Months performance is 3.58% and yearly performance percentage is -0.14%. (more...)
PiperJaffray Raises Tandem Diabetes Care (NASDAQ:TNDM) Stock To a "Overweight" Rating
- May 16, 2018

Shares fell 1.6 percent in early trading. The default time frame for comparing up periods to down periods is 14, as in 14 trading days. The NextEra Energy, Inc . If the answer is greater than 1, it indicates that the price of the stock is in gaining momentum. Its P/Cash is valued at 49.37. Brent crude, used to price global oil, gained 2 cents to $78.25 a barrel in London. (more...)
Volvo to move away from diesel with new S60 Volvo to move away from diesel with new S60
- May 16, 2018

Instead, the S60 will be launched with a choice of petrol and plug-in hybrid powertrains, with mild-hybrid versions to follow next year. The manufacturer previously suggested that its current generation of diesel engines could be its last, and announced previous year that all its new cars launched from 2019 would have an element of electric drive, either with a hybrid or fully electric powertrain. (more...)
Petrol, diesel prices touch new high in two days Petrol, diesel prices touch new high in two days
- May 16, 2018

It added the OMCs margins have fallen to Rs 0.25 per liter from Rs 2.5 per liter for both the auto fuels around 16 April. The companies need to catch up on market prices as 19-day price freeze has created a wider gap. Five states including Punjab, Goa, Uttarakhand, Uttar Pradesh and Manipur had elections during the January-April 2017 period. This despite benchmark worldwide rate for petrol going up from $78.84 per barrel, which was used for raising the price to Rs 74.63 a litre on April ... (more...)
The Coca-Cola Company (KO) Holdings Lifted by ETRADE Capital Management LLC The Coca-Cola Company (KO) Holdings Lifted by ETRADE Capital Management LLC
- May 16, 2018

Over the last six months, Coca-Cola European Partners plc's stock has been -2.60% and -3.77% for the year. The stock, as of last close, traded 1.98% away to its 52 week low and was at a distance of -34.47% from its 52 week high. At the end of 12/31/2017 reporting period, 744 institutional holders increased their position in The Coca-Cola Company ( NYSE :KO) by some 83,380,576 shares, 995 decreased positions by 104,303,315 and 265 held positions by 2,625,863,009. (more...)
Nokia X6 launch today, teaser highlights iPhone X display style Nokia X6 launch today, teaser highlights iPhone X display style
- May 16, 2018

Sensors on board include accelerometer, ambient light sensor, digital compass, gyroscope, and proximity sensor. HMD Global , the company that holds the licence to manufacture Nokia branded Android smartphones, has confirmed that some of its past year launched smartphones will receive Android P update . (more...)
New Zealand's A2 Milk sees jump in FY revenue New Zealand's A2 Milk sees jump in FY revenue
- May 16, 2018

A2 Milk received a harsh lesson in meeting market expectations today when its shares were sold down sharply, despite the alternative milk company reporting sales forecasts that most companies can only dream of. "When they don't meet market expectations, they get a caning by the market", he said. Shares in Synlait Milk, which has a supply arrangement with a2, dropped 5 percent to NZ$10.22. (more...)
Mallinckrodt (MNK) Bond Prices Rise 1.3%
- May 16, 2018

The RSI oscillates between zero and 100. The relative strength index (RSI) reflected overbought area when it is above 70 and notifies oversold level when it is below 30. There are advantages to using a moving average in your trading, as well options on what type of moving average to use. At present time the stock is moving -36.66% away to its 200-day moving average. (more...)
Goldman Sachs says oil prices are going to spike Goldman Sachs says oil prices are going to spike
- May 16, 2018

The threat of new sanctions comes amid an oil market that has been tightening due to strong demand and as top exporter Saudi Arabia and top producer Russian Federation have led efforts since 2017 to withhold oil supplies to prop up prices. (more...)
PNB posts biggest bank loss of Rs 13000 cr in Q4 PNB posts biggest bank loss of Rs 13000 cr in Q4
- May 16, 2018

During the fourth quarter, the bank posted a net loss of Rs 13,417 crore. The CBI on Monday filed its first chargesheet in the PNB fraud case detailing the roles of Nirav Modi , his brother Nishal Modi and Subhash Parab, an executive in Nirav Modi's company. (more...)
Injured Neuer in Germany's provisional squad, Emre Can left out Injured Neuer in Germany's provisional squad, Emre Can left out
- May 16, 2018

Low also opted to stick with the experienced Mario Gomez as his second-choice striker behind Timo Werner and picked Freiburg's Nils Petersen ahead of Sandro Wagner. "It wasn't his best season". Notable players on the plane to Russian Federation include Mesut Ozil , Jerome Boateng, Thomas Muller, Toni Kroos, Mats Hummels, Leroy Sane, injury-prone Marco Reus; and surprise inclusion of Bayer Leverkusen's highly-rated centre back, Jonathan Tah. (more...)

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