Business


Commonwealth 'culture' inquiry -- right idea, wrong inquirer Commonwealth 'culture' inquiry -- right idea, wrong inquirer
- August 28, 2017

Australian Prudential Regulation Authority (APRA) said in a statement on Monday it will establish an inquiry into CBA following the bank's alleged breaches of money-laundering and counter-terrorism finance rules, after Australian Securities and Investment Commission launched its own probe. (more...)
Ticket resale website Viagogo a no-go-go for Com Games Ticket resale website Viagogo a no-go-go for Com Games
- August 28, 2017

A ticket to the Book of Mormon on Viagogo was marked up by 31 per cent, from A$135 (NZ$148) to A$177.45 when the A$37.50 booking fee and A$4.95 handling fees were included. "But it is really important to make a point of dealing with the authorised seller, so you have greater confidence your tickets are legitimate will be honoured", Ms Rickard said. (more...)
Fed's Yellen says any changes to Volcker Rule should be "modest"
- August 28, 2017

Gold rose to its highest in over a week early Monday, extending gains from the previous session, after Federal Reserve Chair Janet Yellen skipped any mention of monetary policy in a speech at a central bankers meeting in Jackson Hole. (more...)
Expedia Chief Dara Khosrowshahi chosen as new Uber CEO Expedia Chief Dara Khosrowshahi chosen as new Uber CEO
- August 28, 2017

According to the New York Times , Whitman is expected to be the board's preferred candidate for the role. Immelt withdrew earlier Sunday , he said on Twitter. He himself is an immigrant who came to the US from Iran when he was 9 years old. The company posted $2.6 billion in revenue in the second quarter , up 18 percent, boosted by strong results from its Hotels.com and HomeAway operations. (more...)
Gold up after Fed's Yellen speech Gold up after Fed's Yellen speech
- August 28, 2017

She also said USA leadership of global efforts to coordinate regulation through the Basel Committee and the Financial Stability Board have made the system safer. The Fed has hiked interest rates twice this year despite flagging inflation, which has remained weak despite strong job gains and slowly rising wages - leaving economists to scratch their heads. (more...)
Vodafone Group PLC (VOD) Shares Sold by GFS Advisors LLC Vodafone Group PLC (VOD) Shares Sold by GFS Advisors LLC
- August 28, 2017

Of the 3 analysts surveyed by Reuters that track VOD 0 of them rate its stock a hold. About shares traded. Vodafone Group Plc (ADR) (NASDAQ:VOD) has declined 13.23% since August 23, 2016 and is downtrending. As per Tuesday, September 8, the company rating was initiated by Moffett Nathanson. Investors sentiment decreased to 1.25 in 2016 Q4. Baillie Gifford & Company decreased Facebook Cl.A (FB) stake by 0.37% reported in 2016Q4 SEC filing. (more...)
About 25 percent of US Gulf oil output offline due to Harvey About 25 percent of US Gulf oil output offline due to Harvey
- August 28, 2017

Harvey became a category 2 storm as it crossed the Gulf of Mexico with winds of 110 mph (175 kph), 145 miles (235 km) off port O'Connor, Texas, the National Hurricane Center said. USA light crude, also known as West Texas Intermediate or WTI, was up 30 cents at $47.73 a barrel by 1215 GMT. There may also be around 300,000 bpd of onshore USA production shut in, trading sources said. (more...)
Australian Champion Ironman Dean Mercer Killed In Car Accident On Gold Coast Australian Champion Ironman Dean Mercer Killed In Car Accident On Gold Coast
- August 28, 2017

Champion cyclist Robbie McKewen wrote: 'Devastated to hear Dean Mercer , surf lifesaving legend & absolute top bloke passed away suddenly this morning. He was believed to have suffered a medical condition at the wheel. Mercer was born in Thirroul, near Wollongong, and has been involved in surf lifesaving for more than 40 years. (more...)
Channel Ten bought by America's CBS Network Channel Ten bought by America's CBS Network
- August 28, 2017

Ten, which broadcasts "Homeland" and "Masterchef Australia", had crumbled under the cost of buying programs from the U.S.as advertising revenue plunged. CBS's claim is more than twice as much as all of Ten's other creditors put together, nearly 15 times its equity value when the stock last traded, and represents the sum of all of Ten's future payments to CBS over the next five years under a content agreement. (more...)
Oil steady on falling crude inventories, but rising output weighs Oil steady on falling crude inventories, but rising output weighs
- August 28, 2017

Hurricane Harvey rapidly intensified overnight Thursday, spinning into the potentially biggest hurricane to hit the mainland United States in dozen years with landfall in refinery alley near Houston and Corpus Christi in Texas. Storm preparations, however, also shut in crude production, which was supportive. About 26 percent of Gulf natural gas production is offline, or about 835 million cubic feet per day, BSEE said. (more...)
Violence breaks out at Berkeley protest
- August 28, 2017

The right-wing event had been canceled by organizer Amber Cummings, who encouraged supporters to stay away but said she would attend on her own. Several streets and BART entrances in Downtown Berkeley are closed as demonstrators take over the roadways, and UC Berkeley PD urges people to leave Civic Center Park immediately. (more...)
Whiting Petroleum Corp (NYSE:WLL) Shifting Institutional Investors Sentiment Whiting Petroleum Corp (NYSE:WLL) Shifting Institutional Investors Sentiment
- August 28, 2017

The stock rose 0.24% or $0.4 reaching $169.94 per share. About 10.16M shares traded. Following trading activity for Whiting Petroleum Corporation (NYSE:WLL), we can see that the stock has moved onto today's list of most actives. Caldwell & Orkin Inc holds 129,800 shares. Voya Ltd Liability Company holds 63,127 shares or 0% of its portfolio. Da Davidson stated it has 21,736 shares. (more...)
Latest Stock Price Updates:: Lear Corporation (LEA)
- August 28, 2017

The stock rose 0.24% or $0.34 reaching $142.4. About 12.61 million shares traded. AMETEK, Inc. (NYSE:AME) has risen 27.71% since August 27, 2016 and is uptrending. Bessemer Gp Inc stated it has 51 shares or 0% of all its holdings. Sei Investments Co (NASDAQ:SEIC) was raised too. Apriem Advsrs holds 163 shares. Moreover, Pictet And Cie (Europe) has 0.33% invested in AMETEK, Inc. (more...)
Harvey halts Gulf of Mexico oil production
- August 28, 2017

Nevertheless, West Texas Intermediate crude futures were down 22 cents to $48.19 a barrel around 8 a.m. Thursday, while Brent crude futures were down 14 cents to $52.43 a barrel. Part of the reason for the crude glut has been rising USA production, which has jumped by 13 percent since mid-2016 to 9.53 million bpd, close to its 9.61 million bpd record from June 2015. (more...)
State Street Corporation (STT) Position Decreased by Federated Investors Inc. PA
- August 28, 2017

Rand Wealth Llc owns 207,125 shares or 1.11% of their U.S. portfolio. Legg Mason Asset Mgmt (Japan) Ltd holds 17,400 shares. Take now has $10.05 billion valuation. In other news, EVP Jeffrey N. Carp sold 2,656 shares of the company's stock in a transaction on Tuesday, June 13th. P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. (more...)
Oil rises as dollar drops, US Gulf Coast braces for hurricane
- August 28, 2017

Brent crude LCOc1 was 37 cents higher at $52.41 after touching a high of $52.60. The US Department of Energy said it was ready to release crude oil from the nation's emergency stockpile if needed due to the impacts of Harvey. said it evacuated all of its workers from offshore facilities in the path of the storm, and it shut in production at its Hoover and Galveston 209 production platforms. (more...)
IL Boosts Position in Darling Ingredients Inc. (DAR)
- August 28, 2017

Therefore 89% are positive. A number of equities analysts have recently issued reports on the company. Robert W. Baird has "Outperform" rating and $19 target. 263,979 are held by Panagora Asset Management Inc. On Thursday, September 3 the stock rating was upgraded by Zacks to "Hold". (NASDAQ:CMCO) or 15,225 shares. (more...)
SL Green Realty Corporation (SLG) Stake Held by FCA Corp TX
- August 27, 2017

Gramercy Property Trust has a beta of 0.58, indicating that its stock price is 42% less volatile than the S&P 500. About 112,639 shares traded. SL Green Realty Corp (NYSE:SLG) has risen 3.99% since August 21, 2016 and is uptrending. Citigroup Inc. lowered their price objective on shares of SL Green Realty Corporation from $129.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, July 26th. (more...)
Parker-Hannifin Corporation (PH) Shares Bought by Capital Planning Advisors LLC Parker-Hannifin Corporation (PH) Shares Bought by Capital Planning Advisors LLC
- August 27, 2017

As of the end of the quarter Sentry Investment Management LLC had bought a total of 658 shares growing its stake by 1.9%. TD Asset Management Inc. boosted its stake in shares of Parker-Hannifin Corporation by 1.2% in the second quarter. Rbo And Co Limited Liability Company owns 249,867 shares for 5% of their portfolio. Umb Bancorporation N A Mo owns 315,796 shares. (NYSE:T). Arvest Commercial Bank Tru Division holds 0.13% in AT&T Inc. (more...)
Smith Salley & Associates Decreases Stake in Costco Wholesale Corporation (COST)
- August 27, 2017

It has underperformed by 10.78% the S&P500. Smith Salley & Associates reduced its stake in Costco Wholesale Corporation (NASDAQ: COST ) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). (more...)
Brokerages Set Thor Industries, Inc. (THO) Price Target at $108.07
- August 27, 2017

The company was maintained on Friday, October 2 by Citigroup. Corporate insiders own 6.60% of the company's stock. The stock increased 0.15% or $0.15 on August 25, reaching $103.59. has a one year low of $74.00 and a one year high of $115.74. 09/28/2016 - Thor Industries, Inc. had its "buy" rating reiterated by analysts at Wellington Shields. (more...)
Sears plans to shutter four Kmart stores in California Sears plans to shutter four Kmart stores in California
- August 27, 2017

ME is home to five Kmart stores, located in Auburn, Augusta, Madawaska, Presque Isle and Waterville, according to Kmart's online store locator. Those branches will close prior to Black Friday, with liquidation starting August 31. Total revenues fell to $4.4 billion in the second quarter of 2017 from $5.7 billion a year earlier, with store closures contributing to around $770 million of the decline. (more...)
Insider Trading Activity - Intuit Inc. (NASDAQ:INTU)
- August 27, 2017

The rating was maintained by RBC Capital Markets on Wednesday, August 24 with "Sector Perform". Stifel Nicolaus maintained the shares of INTU in report on Friday, July 21 with "Hold" rating. Finally, Jefferies Group LLC started coverage on shares of Intuit in a research report on Thursday. The number of shares now owned by investors are 64.27 mln. (more...)
Harvey alters airline schedules - check your flights Harvey alters airline schedules - check your flights
- August 27, 2017

So far 44 flights have been canceled at O'Hare and Midway Sunday. By Saturday, United had halted all of its regional United Express flights as well as many of its domestic flights. "Please do not attempt to reach HOU (Hobby) until local authorities provide further direction". "Terminal and airfield operations remain closed to normal traffic", read one tweet. (more...)
Jeff Immelt Pulls Out of Running for Uber CEO Jeff Immelt Pulls Out of Running for Uber CEO
- August 27, 2017

Another main candidate, HP CEO Meg Whitman , was backed by Kalanick's opponent, Benchmark. Chairman Jeffrey Immelt said he's pulled himself out of consideration to take over as the head of embattled Uber Technologies Inc. Kalanick remains on the board and has been sued by early investor Benchmark, which holds another board seat. Uber's financial engine appeared to be purring despite its image being dented so badly its chief was pressured to resign. (more...)