Business


BP back in the black with half-year profits of £1.2 billion BP back in the black with half-year profits of £1.2 billion
- August 01, 2017

Several of Europe's biggest oil companies, all of which made sweeping cost cuts amid oil's collapse, have signaled a return to growth with earnings above analyst expectations. Brent crude, the worldwide benchmark, has been rising in recent weeks and was trading at $52.32 a barrel on Tuesday afternoon in London-up about 13% in the past three weeks. (more...)
Royal Caribbean to 'Opportunistically' Take Advantage of New Investment Grade Credit Rating Royal Caribbean to 'Opportunistically' Take Advantage of New Investment Grade Credit Rating
- August 01, 2017

Demand is likely to remain strong for the company's North American and European products and its Asia-Pacific itineraries are also likely to continue performing stoutly. $758,363 worth of Royal Caribbean Cruises Ltd (NYSE: RCL ) shares were sold by Lutoff-Perlo Lisa. This represents a $1.92 dividend on an annualized basis and a yield of 1.70%. (more...)
Lumber Liquidators Holdings, Inc. (NYSE:LL) Surges 17.36% Pre-Market Lumber Liquidators Holdings, Inc. (NYSE:LL) Surges 17.36% Pre-Market
- August 01, 2017

Stock Down 17% After Earnings: "Is the Market ..." on May 02, 2017, also Benzinga.com with their article: "Mid-Day Market Update: "Pitney Bowes Drops On Earnings Miss; Lumber Liquidators ..." published on August 01, 2017, Nasdaq.com published: "BUZZ-US STOCKS ON THE MOVE- Under Armour, Lumber Liquidators , Sprint" on August 01, 2017. (more...)
Piper Jaffray Companies Increases Shopify Inc. (SHOP) Price Target to $110.00 Piper Jaffray Companies Increases Shopify Inc. (SHOP) Price Target to $110.00
- August 01, 2017

Shopify has a 12-month low of $32.85 and a 12-month high of $105.79. Several analysts have weighed in on the company. Ladenburg Thalmann Financial Services Inc. Its revenue soared 75 percent to $151.7 million in the second quarter ended June 30, topping analysts' average expectation of $143.6 million, according to Thomson Reuters I/B/E/S. (more...)
Exane Derivatives Decreases Position in Bristol-Myers Squibb Company (NYSE:BMY) Exane Derivatives Decreases Position in Bristol-Myers Squibb Company (NYSE:BMY)
- August 01, 2017

Leerink Swann initiated the stock with "Mkt Perform" rating in Tuesday, September 6 report. Goldman Sachs maintained Pfizer Inc. On Tuesday, June 14 the stock rating was maintained by Jefferies with "Hold". Research analysts at SunTrust Banks lowered their Q3 2017 earnings estimates for shares of Bristol-Myers Squibb in a report released on Sunday. Mairs Pwr, a Minnesota-based fund reported 340,822 shares. (more...)
AA shares plunge as boss is fired for 'gross misconduct' AA shares plunge as boss is fired for 'gross misconduct'
- August 01, 2017

He was previously the chairman and CEO of National Car Parks and its subsidiary Green Flag, as well as CEO of Sea Containers and chairman of Northgate and of PHS Group. "We remain confident in the resilience and long-term prospects of the AA". It revealed its decision to fire him alongside a first half trading statement, which revealed business customers in 2017 have continued to "decline marginally" to 9.9 million from 10.1 million a year ago. (more...)
Birth of a European Champion: Opel and Vauxhall Join Groupe PSA Birth of a European Champion: Opel and Vauxhall Join Groupe PSA
- August 01, 2017

Lohscheller has promised to return Opel and Vauxhall to profitability by 2020, while PSA chairman Carlos Tavares has moved to quell job fears by stating that "Opel will remain German and Vauxhall will remain British". The other brands that form PSA include Citroën, DS and Peugeot . PSA - which makes Citroen , DS and Peugeot vehicles - announced its intention to buy Vauxhall and its European arm Opel in March. (more...)
Cooper Tire & Rubber Company (CTB) Upgraded by BidaskClub to Hold
- August 01, 2017

Analysts on average have given a price target of $41.11 to The Goodyear Tire & Rubber Company (GT) stock. MA boosted its stake in shares of The Goodyear Tire & Rubber by 602.0% in the first quarter. The ex-dividend date is Friday the 28th of July 2017. This dividend amount will represent a yeild of $1.23. The Goodyear Tire & Rubber's revenue was down 5.0% compared to the same quarter previous year. (more...)
Q2 Weather: A chance of storms ahead of a big cool down
- August 01, 2017

Partly cloudy skies and low temperatures in the mid-60s are expected for tonight . Chance of rain is 30 percent. The day will otherwise be party sunny, with a high near the mid-80s, NWS said. While some models are lowering the rain chances, southwesterly winds will allow for the moisture and temperatures to be in place. Thursday night's low is forecast to drop into the mid- to lower 50s. (more...)
IShares S&P 100 Index Fund (OEF) Tenkan Sitting Above Kijun
- August 01, 2017

The Index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecasted growth. Currently, the 200-day MA is sitting at 9.84, and the 50-day is 20.33. A reading between 0 and -20 would indicate an overbought situation. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would indicate an extremely strong trend. (more...)
New Samsung Flip Phone Press Renders Leaked New Samsung Flip Phone Press Renders Leaked
- August 01, 2017

Together with it has the RAM to 4 gigabytes, and this added 64 GB of memory constant and just two full-screen, both at 4.2 inches diagonally with a resolution of Full HD or 1920×1080 pixels. According to a GSMArena report, the device will support Samsung Pay and wireless charging. The storage space can be further expanded up to 256GB with a microSD card. (more...)
New Residential Investment Corp. (NRZ) Posts Earnings Results
- August 01, 2017

New Residential Investment Corp had 16 analyst reports since August 12, 2015 according to SRatingsIntel. Df Dent & Co Inc sold 285,507 shares as Exponent Inc (EXPO)'s stock rose 3.17%. During the same quarter a year ago, the business posted $0.52 earnings per share. The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. (more...)
Sohu.com Q2 Loss Widens Despite Higher Revenues Sohu.com Q2 Loss Widens Despite Higher Revenues
- August 01, 2017

Shares were up 14%, near 58, in afternoon trading on the stock market today . "I am pleased that Sohu delivered better-than-expected revenue growth in the second quarter, driven by solid performance from (online games unit) Changyou (CYOU) and Sogou ", Sohu Chief Executive Charles Zhang said in a statement . (more...)
Market Tracker: Signals in Focus For Brandywine Realty Trust (BDN) Market Tracker: Signals in Focus For Brandywine Realty Trust (BDN)
- August 01, 2017

Oppenheimer & Co. Inc. now owns 52,756 shares of the real estate investment trust's stock worth $1,913,000 after buying an additional 350 shares in the last quarter. These funds have also shifted positions in (AKR). Canaccord Genuity maintained the stock with "Buy" rating in Tuesday, February 23 report. Pinebridge Investments Lp holds 10,490 shares. (more...)
Prime Minister Modi's Indian-American advisor quits, returns to Columbia University Prime Minister Modi's Indian-American advisor quits, returns to Columbia University
- August 01, 2017

He will serve the think tank till August-end. Like Planning Commission, Prime Minister is the chairman of Niti Aayog. After resigning from Yojana Bhawan, Panagariya is tipped to return to Columbia University. Panagariya was also the professor of economics and co-director at the University of Maryland's Center for International Economics. Panagariya, a close associate of noted trade economist Jagdish Bhagwati, was honoured with Padma Bhushan, the third highest civilian honours India bestows ... (more...)
Morrisons revive Safeway brand with McColl's supply chain agreement Morrisons revive Safeway brand with McColl's supply chain agreement
- August 01, 2017

It expects the new deal to make an initial profit contribution in the 2019 financial year, increasing thereafter. In a stock exchange announcement this morning, Morrisons, which will become the sole wholesale supplier to McColl's "in time", said it will distribute Safeway products and national brands to the c-store group. (more...)
Maruti Suzuki India records 20% growth in sales in July 2017 Maruti Suzuki India records 20% growth in sales in July 2017
- August 01, 2017

This is its highest-ever monthly sales. The previous best was in April this year when the company sold 1,44,492 units. Domestic sales grew by 22.4 percent year-on-year to 1.54 lakh units while exports grew by 0.1 percent to 11,345 units in July, which were also ahead of expectations. (more...)
Summer slump in the showroom kills July auto sales Summer slump in the showroom kills July auto sales
- August 01, 2017

The brokerage now has a buy rating on the stock. Yet another important factor while evaluating a good buy/sell decision for Fiat Chrysler Automobiles N.V. While the company's share hit the 52 week high on 07/31/17 stationing the value of $12.07. LLC now owns 19,852 shares of the company's stock valued at $217,000 after buying an additional 1,183 shares in the last quarter. (more...)
Mary Berry to lead judges on BBC show Britain's Best Cook Mary Berry to lead judges on BBC show Britain's Best Cook
- August 01, 2017

Mary Berry and Claudia Winkleman will lead the search for Britain's Best Cook in a new BBC1 cookery competition. Britain's Best Cook will be broadcast on BBC One and presented by Claudia Winkleman . The BBC is also launching The Big Family Cooking Showdown on BBC Two, hosted by Zoe Ball and Bake Off champion Nadiya Hussain. One have announced the new series just a year after Great British Bake Off was bought over by Channel 4. (more...)
16-year-old class 12 boy bags 1.4 crore offer from Google 16-year-old class 12 boy bags 1.4 crore offer from Google
- August 01, 2017

He also told the people that he had applied to Google through a link a year ago. He will undergo a training course in graphic designing at Google for a period of one year. This award won him a cash prize of Rs 7,000. Sharma said he used to make posters of both Bollywood and Hollywood stars and earned 40,000-50,000 during the school time. (more...)
AstraZeneca bolstered by FDA news on lung cancer drug Imfinzi AstraZeneca bolstered by FDA news on lung cancer drug Imfinzi
- August 01, 2017

We look forward to working with regulatory authorities around the world to bring Imfinzi to lung cancer patients as soon as possible. The flop included Imfinzi , which was being combined with another treatment. The acalabrutinib development programme includes both monotherapy and combination therapies for a broad range of blood cancers and solid tumours. This is the fifth Breakthrough Therapy Designation that AstraZeneca has received from the FDA for an oncology medicine since 2014 ... (more...)
Sprint posts first quarterly profit in three years Sprint posts first quarterly profit in three years
- August 01, 2017

The profit is largely a result of thousands of job cuts past year, which trimmed $4 billion from the Kansas-based company's operating costs. The US telecom operator has posted a net income at a time when the Japanese promoters are trying to save the company by merging with Charter Communications . (more...)
Coca Cola Co (NYSE:KO) 2016 Q4 Sentiment Coca Cola Co (NYSE:KO) 2016 Q4 Sentiment
- August 01, 2017

Out of 18 Wall Street analysts rating Coca-Cola, 7 give it "Buy", 1 "Sell" rating , while 10 recommend "Hold". Vetr upgraded Coca-Cola Company (The) from a "hold" rating to a "buy" rating and set a $44.81 price objective on the stock in a research note on Monday, April 24th. (more...)
Opposition protests NOTA option for Rajya Sabha elections Opposition protests NOTA option for Rajya Sabha elections
- August 01, 2017

In Rajya Sabha , the Congress MPs accusing the BJP of "luring its MLAs by offering Rs 10-15 crore", rushed to the Well of the House demanding a discussion. The Congress has moved as many as 44 MLAs to a resort in Karnataka in a bid to stop any poaching by the BJP. Gohil also defended the BJP's accusations that the lawmakers were staying at a high-end hotel in Bengaluru at a time when Gujarat was being ravaged by floods. (more...)
US Conducts 'Successful' THAAD Missile Test US Conducts 'Successful' THAAD Missile Test
- August 01, 2017

The U.S. has conducted a test of its Terminal High Altitude Area Defense (THAAD) defense system in Alaska by launching a ballistic missile over the Pacific Ocean, military officials said early Sunday. Guam Homeland Security Advisor George Charfauros maintains they are keeping a close eye on the situation after North Korea launched a ballistic missile over the weekend. (more...)