Markets


Tesla Motors Inc Names Former Google Exec Jason Wheeler As New CFO Tesla Motors Inc Names Former Google Exec Jason Wheeler As New CFO
- November 07, 2015

Wheeler commented on the new position thusly: "What the Tesla team has achieved in building compelling alternatives in transport and energy is simply incredible". Ahuja has been with Tesla since 2008, seeing it through public offering. The company said it plans to build between 15,000 and 17,000 vehicles in fourth quarter, and to deliver between 17,000 and 19,000, meaning the company would make 50,000 to 52,000 deliveries for the year. (more...)
Hewlett Packard Enterprise  is Now Covered by Equity Research Hewlett Packard Enterprise is Now Covered by Equity Research
- November 06, 2015

Cross Research analyst Shannon Cross said that she was also optimistic about  HP Inc's  prospects going forward. The B2B-focused  Hewlett Packard Enterprise  will focus on creating "industrial-grade server computers that companies buy to host websites and crunch data for businesses" as well as "networking equipment, software and services to make them all run as they're intended". (more...)
Electrolux not in USA settlement talks over GE appliance bid: lawyer Electrolux not in USA settlement talks over GE appliance bid: lawyer
- November 06, 2015

The Justice Department sued on July 1 to block the sale of GE Appliances to Electrolux , arguing the merger would decrease competition in the sale of cooking appliances to bulk purchasers like home builders. Electrolux spokesman Paul Palmstedt said that any divide between the parties during settlement talks had no relevance for the upcoming trial, where the deal was to be tried against the U.S antitrust legislation. (more...)
Northrop Grumman Statement on Boeing's Protest of the Long-Range Strike Bomber Northrop Grumman Statement on Boeing's Protest of the Long-Range Strike Bomber
- November 06, 2015

Updated 10:30 a.m., November 6 with protest information Boeing is protesting the Pentagon's decision to award a lucrative contract to rival defense supplier Northrop Grumman. "Our record stands in contrast to that of other manufacturers' large aircraft programs of the last decade", it said. But in the case, Boeing and Lockheed are arguing the that Pentagon messed up by using historical costs to evaluate the bids, rather than using the cost estimates that the bidders provided with their bids. (more...)
Pfizer, Allergan in deal talks to create drug giant Pfizer, Allergan in deal talks to create drug giant
- November 06, 2015

In February, Pfizer said it was to expand its line of drugs and therapies with the $17 billion takeover of Hospira , adding Hospira's portfolio of sterile injectable treatments and biosimilar drugs to Pfizer's broad pharma offerings. 'We have heard very specific comments, not surprisingly from the Democrats, about drug companies being overly aggressive in price increases. The drug maker said Thursday that no agreement has been reached and noted there can be no certainty the discussions ... (more...)
Standard Chartered cuts 15000 jobs, raises 3.3 bln pounds Standard Chartered cuts 15000 jobs, raises 3.3 bln pounds
- November 05, 2015

The company's market capitalization is GBX 17.03 billion. It will also either reorganize or sell off $100 billion of risky assets. Shares in Rolls-Royce (LSE: RR) have performed similarly poorly over the past two years, dropping 39% in the same period. (more...)
Not Your Typical Minivan — Toyota Sienna Not Your Typical Minivan — Toyota Sienna
- November 05, 2015

It sounds downright crazy, well that's what Toyota has done. Toyota then transformed that full-size Tundra into a larger-than-life-size limousine-hence the Tundrasine's portmanteau name. While the Tundrasine weighs nearly four tons, Toyota mentioned no changes to the Tundra's 381-hp 5.7-liter V-8 or its 4×4 drivetrain-we assume the driveshaft has been lengthened considerably-but it did say that height, width, and wheel track are all unchanged. (more...)
Lockheed Martin receives final clearance for Sikorsky buy Lockheed Martin receives final clearance for Sikorsky buy
- November 04, 2015

Bob Stelmack, the Q-53 program manager for Lockheed Martin Mission Systems and Training, said: 'Soldiers can rapidly deploy the truck-mounted Q-53 and quickly determine the source of enemy fire. The shares have now been rated Buy by the stock experts at the ratings house. Lockheed Martin now has a consensus rating of " Hold " and an average price target of $222.53. (more...)
Michael Kors sales, profit beat estimates; buyback raised Michael Kors sales, profit beat estimates; buyback raised
- November 04, 2015

During the same quarter in the prior year, the company earned $0.91 EPS. Total revenue rose to $1.13 billion from $1.06 billion. Michael Kors Holdings Limited (NYSE:KORS) shares increased 0.92% on last trading day to close the day at $39.32. (more...)
Pope Francis warns against Pope Francis warns against "arid" faith
- November 04, 2015

The meeting, or synod , of more than 300 bishops and delegates is due to end on Saturday afternoon after participants vote on more than 1,300 proposed changes to a draft of the text. The issue has been one of the most sensitive issues in recent times for the church, as Roman Catholic countries liberalise divorce laws. Francis DeBernado, the group's executive director, said in a statement that "a great deal has changed" at "the highest levels of the church". (more...)
Will Anna Duggar File Divorce From Josh? Jim Bob Duggar Bribes Daughter-In-Law with $345000 House Will Anna Duggar File Divorce From Josh? Jim Bob Duggar Bribes Daughter-In-Law with $345000 House
- November 04, 2015

Amy shared that the family loves babies and this event. Before finally entering rehab, Anna's husband also admitted to having two active accounts in the extramarital affair website Ashley Madison. While  divorce  rumors continue to swirl around former " 19 Kids and Counting " stars  Josh  and Anna Duggar, patriarch Jim Bob  Duggar  has reportedly bought the couple a new house, allegedly in an attempt to prevent them from separating. (more...)
Amazon is launching Black Friday deals and an Electronics Holiday Gift Guide Amazon is launching Black Friday deals and an Electronics Holiday Gift Guide
- November 04, 2015

Amazon.com has taken additional steps to gear up for the holiday shopping season, launching a Black Friday Deals Store and unveiling its Electronics Holiday Gift Guide. Amazon Prime members will have the first chance to score more than 30,000 deals via Prime Early Access. "The retailer is announcing a few things customers may find appealing - a $170 savings on the Sony a6000 camera, an Optima HD37 front projector for under $800 and savings on big name Kitchen brands including Rubbermaid, ... (more...)
Tesla Motors Inc (TSLA) Stock Speeding Up On Strong FY15 Guidance Tesla Motors Inc (TSLA) Stock Speeding Up On Strong FY15 Guidance
- November 04, 2015

Tesla also remains highly confident of average production and deliveries of 1,600 to 1,800 vehicles per week for Model S and Model X combined during 2016. The Model 3 will be unveiled next March. On an unadjusted basis, Tesla was $1.78 a share, or $230 million. According to information provided by Zacks, Tesla Motors, Inc . (more...)
Roman Polanski escapes extradition to US Roman Polanski escapes extradition to US
- November 03, 2015

Los Angeles District Attorney Jackie Lacey said it was up to the U.S. Department of State to decide whether to continue to try to extradite Polanski. Polanski fled the United States on 1 February 1978, the day he was set to be sentenced to the additional time. In 2009, he was arrested in Switzerland by local authorities acting on Washington's extradition request. (more...)
Dell planning to sell off $10 billion in assets - rumor Dell planning to sell off $10 billion in assets - rumor
- November 03, 2015

These businesses operate in IT management, email encryption and data security, back-up solutions and IT provision respectively. The divestitures will not include Dell's hardware assets such as servers, which are crucial in its quest to dominate the large enterprise market through its merger with EMC, as well as compete more effectively with the likes of Cisco Systems Inc. (more...)
China Markets Probe: Top Fund Manager Xu Xiang China Markets Probe: Top Fund Manager Xu Xiang
- November 03, 2015

Zexi has since grown into one of China's top private equity firms. Xu's arrest came after Shanghai police nabbed three suspects of Yishidun in a crackdown on stock futures price manipulation involving over 11.3 billion yuan in illegal profits. (more...)
Insurance carrier closing after Affordable Care Act changes Insurance carrier closing after Affordable Care Act changes
- November 03, 2015

Consumers can see their own premiums for 2016 starting Sunday night on HealthCare.gov, officials said on Friday. Kevin J. Counihan, chief executive of the federal insurance marketplace, could not say when the doctor and drug search tools would be available, beyond promising that it would be soon. (more...)
Gov. Rauner doesn't expect passed budget until January Gov. Rauner doesn't expect passed budget until January
- November 03, 2015

In Mafia lore, a sent dead fish signifies someone is sleeping with the fishes and no longer alive. They were once so close they took family vacations together and enjoyed expensive bottles of wine. Earlier in the day, Emanuel said Rauner just needs to govern and sought to contrast the state's ongoing budget impasse to his ability to win approval of a city budget, including the $588 million property tax hike Rauner has blasted. (more...)
MedAssets to Be Bought by Pamplona Capital for $1.88 Billion MedAssets to Be Bought by Pamplona Capital for $1.88 Billion
- November 03, 2015

The MedAssets-Pamplona transaction is expected to close in the first quarter of 2016, pending receipt of regulatory approvals and expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Analysts expected EPS of $0.28. Income took a hit from a $10.3 million one-time impairment charge due to the previously-announced elimination of certain revenue cycle management products, as well as increased restructuring costs of $5 million related to the company's ongoing ... (more...)
Oracle's Larry Ellison decries poor state of security, says he's fixed it Oracle's Larry Ellison decries poor state of security, says he's fixed it
- November 03, 2015

Further, Oracle said the Oracle Cloud Platform is experiencing phenomenal growth and is powering some of the world's leading organizations. For customers that want the reliability of Oracle infrastructure but don't want to tackle the process of deploying all the infrastructure themselves, Oracle Cloud Platform for Big Data makes it simple. (more...)

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