Markets
After decisive win, Macron to take over on Sunday
- May 09, 2017
He has proposed an ambitious domestic reform agenda, including cutting state spending, easing labour laws, boosting education in deprived areas and extending new protections to the self-employed. Gallen. He acknowledged divisions in society which drove people to " vote to the extreme ", and said he will work for all of France. European Union leaders heaved a sigh of relief over the defeat of Le Pen, who had threatened a "Brexit" if she came to power. (more...)
- May 09, 2017
He has proposed an ambitious domestic reform agenda, including cutting state spending, easing labour laws, boosting education in deprived areas and extending new protections to the self-employed. Gallen. He acknowledged divisions in society which drove people to " vote to the extreme ", and said he will work for all of France. European Union leaders heaved a sigh of relief over the defeat of Le Pen, who had threatened a "Brexit" if she came to power. (more...)
Crude oil wipe out
- May 09, 2017
Brent crude dropped by more than $2 on Thursday to below $49 a barrel, hitting its lowest level since oil cartel Opec struck a landmark deal to cut output on 30 November. "OPEC's failure to raise oil prices is fundamentally linked to their failure to bring down petroleum inventories", said analysts at Bernstein. Oil recovered some of its losses later Friday, trading 0.5% lower at around $45.30 by late afternoon in Asia. (more...)
- May 09, 2017
Brent crude dropped by more than $2 on Thursday to below $49 a barrel, hitting its lowest level since oil cartel Opec struck a landmark deal to cut output on 30 November. "OPEC's failure to raise oil prices is fundamentally linked to their failure to bring down petroleum inventories", said analysts at Bernstein. Oil recovered some of its losses later Friday, trading 0.5% lower at around $45.30 by late afternoon in Asia. (more...)
India's Bharti Airtel quarterly profit falls 69 percent, misses estimates
- May 09, 2017
New Delhi, May 8 Bharti Infratel today logged a 17 per cent fall in its consolidated net profit at about Rs 596.6 crore for the quarter ended March 2017 as against the year- ago period, pulled down by higher operating expenses. Bharti Airtel, which also offers DTH and broadband services, said the mobile data traffic on its network had seen a growth of over 56 per cent to 271 billion mega bytes during the quarter. (more...)
- May 09, 2017
New Delhi, May 8 Bharti Infratel today logged a 17 per cent fall in its consolidated net profit at about Rs 596.6 crore for the quarter ended March 2017 as against the year- ago period, pulled down by higher operating expenses. Bharti Airtel, which also offers DTH and broadband services, said the mobile data traffic on its network had seen a growth of over 56 per cent to 271 billion mega bytes during the quarter. (more...)
Wells Fargo Accounts for Major Portion of Debit / Prepaid Card Use
- May 09, 2017
The count of Hold ratings in that period was 4. The stock was sold at an average price of $59.02, for a total transaction of $6,946,890.08. Gould Asset Management LLC CA boosted its stake in shares of Wells Fargo & Co by 0.6% in the fourth quarter. (more...)
- May 09, 2017
The count of Hold ratings in that period was 4. The stock was sold at an average price of $59.02, for a total transaction of $6,946,890.08. Gould Asset Management LLC CA boosted its stake in shares of Wells Fargo & Co by 0.6% in the fourth quarter. (more...)
IndiGo Q4 profit falls 25% to Rs 440 crore
- May 09, 2017
Net profit fell to Rs 440 crore ($68.04 million) in the quarter ended 31 March, compared with Rs 584 crore a year earlier, the company said in a statement. A term sheet has been signed between IndiGo and Avions de Transport Regional GIE (ATR) for purchasing 50 ATR 72-600 aircraft, the two companies said in separate releases. (more...)
- May 09, 2017
Net profit fell to Rs 440 crore ($68.04 million) in the quarter ended 31 March, compared with Rs 584 crore a year earlier, the company said in a statement. A term sheet has been signed between IndiGo and Avions de Transport Regional GIE (ATR) for purchasing 50 ATR 72-600 aircraft, the two companies said in separate releases. (more...)
Dollar Trades Higher Awaiting Federal Reserve Policy Statement
- May 09, 2017
The Federal Reserve has decided that now is not the right time for another rate hike. Private sector employment in the United States increased roughly in line with economist estimates in the month of April, according to a report released by payroll processor ADP on Wednesday. (more...)
- May 09, 2017
The Federal Reserve has decided that now is not the right time for another rate hike. Private sector employment in the United States increased roughly in line with economist estimates in the month of April, according to a report released by payroll processor ADP on Wednesday. (more...)
Macron announces Germany visit as he prepares to take the reins
- May 09, 2017
In the end, the second round presidential election was the first that did not include a member of either of France's major two parties, the Socialists and the party now known as the Republicans. The BBC's Gavin Lee said that Macron is a paradox. Renzi's slogan, "In Cammino" is a direct translation of " En Marche ", the name of Macron's movement " En Marche ", and Renzi will now be hoping to copy Macron's sweeping victory in the Italian elections, set to take place no later than May ... (more...)
- May 09, 2017
In the end, the second round presidential election was the first that did not include a member of either of France's major two parties, the Socialists and the party now known as the Republicans. The BBC's Gavin Lee said that Macron is a paradox. Renzi's slogan, "In Cammino" is a direct translation of " En Marche ", the name of Macron's movement " En Marche ", and Renzi will now be hoping to copy Macron's sweeping victory in the Italian elections, set to take place no later than May ... (more...)
Buffett: United made 'terrible mistake' with dragged passenger
- May 09, 2017
Asked whether Berkshire's decentralized structure could lead to a similar scandal, Buffett said "as we sit here, somebody is doing something wrong at Berkshire", whose units employ 367,000 people. The investor's decision to reduce a bet surprised many. Buffett has no plans to leave his job as chairman and CEO of the Berkshire Hathaway conglomerate he built through acquisitions over more than 50 years. (more...)
- May 09, 2017
Asked whether Berkshire's decentralized structure could lead to a similar scandal, Buffett said "as we sit here, somebody is doing something wrong at Berkshire", whose units employ 367,000 people. The investor's decision to reduce a bet surprised many. Buffett has no plans to leave his job as chairman and CEO of the Berkshire Hathaway conglomerate he built through acquisitions over more than 50 years. (more...)
Barclays PLC (BARC) Stock Rating Lowered by Goldman Sachs Group Inc
- May 09, 2017
The stock decreased 0.49% or $0.15 during the last trading session, reaching $30.5. It has underperformed by 27.94% the S&P500. The stock presently has a consensus rating of "Hold" and a consensus target price of GBX 136.60 ($1.77). It has underperformed by 2.03% the S&P500. It manages its operations from various locations, including the United Kingdom; Ireland; Italy; Turkey; the United States; Canada; Brazil; Mexico; Australia; Singapore; India; Nigeria; South Africa; East Africa, and Africa ... (more...)
- May 09, 2017
The stock decreased 0.49% or $0.15 during the last trading session, reaching $30.5. It has underperformed by 27.94% the S&P500. The stock presently has a consensus rating of "Hold" and a consensus target price of GBX 136.60 ($1.77). It has underperformed by 2.03% the S&P500. It manages its operations from various locations, including the United Kingdom; Ireland; Italy; Turkey; the United States; Canada; Brazil; Mexico; Australia; Singapore; India; Nigeria; South Africa; East Africa, and Africa ... (more...)
SKorean conservative describes election as 'war'
- May 09, 2017
Unless there is a major upset, liberal Moon Jae-in-who calls for a moderate approach on North Korea, wants to reform powerful family-run conglomerates and boost fiscal spending to create jobs-will be elected president. Moon, the Democratic Party candidate, has called for engagement with North Korea, saying that the hard-line approach favored by conservative governments did nothing to prevent the North from expanding its nuclear bomb and missile programs and only reduced South Korea's voice in ... (more...)
- May 09, 2017
Unless there is a major upset, liberal Moon Jae-in-who calls for a moderate approach on North Korea, wants to reform powerful family-run conglomerates and boost fiscal spending to create jobs-will be elected president. Moon, the Democratic Party candidate, has called for engagement with North Korea, saying that the hard-line approach favored by conservative governments did nothing to prevent the North from expanding its nuclear bomb and missile programs and only reduced South Korea's voice in ... (more...)
FOMC Holds Rates, Mush "Transitory" Statement Follows: Interesting Bond Reaction
- May 09, 2017
Investors believe the Federal Reserve is on track to raise U.S. interest rates in June, after keeping them on hold at between 0.75% and 1% in May. US economic data have turned south just in time for the Federal Reserve to conclude its May meeting Wednesday, when Wall Street expects the central bank to maintain interests rates at between 0.75% and 1.00%. (more...)
- May 09, 2017
Investors believe the Federal Reserve is on track to raise U.S. interest rates in June, after keeping them on hold at between 0.75% and 1% in May. US economic data have turned south just in time for the Federal Reserve to conclude its May meeting Wednesday, when Wall Street expects the central bank to maintain interests rates at between 0.75% and 1.00%. (more...)
Target testing a restocking program for household essentials
- May 09, 2017
Starting this summer, Target says it will let customers order common household products like coffee and detergent, then deliver the items to their doorstep the next day . Baeb said there are no current plans for a nationwide rollout, and any expansion depends on the performance of the service. "There are lots of logistics we want to figure out", he said. (more...)
- May 09, 2017
Starting this summer, Target says it will let customers order common household products like coffee and detergent, then deliver the items to their doorstep the next day . Baeb said there are no current plans for a nationwide rollout, and any expansion depends on the performance of the service. "There are lots of logistics we want to figure out", he said. (more...)
Yankees-Cubs heading to 18th inning
- May 09, 2017
Ngoepe led off the inning with a single against Carlos Torres (1-3), advanced to second on a wild pitch and took third on pinch-hitter Jose Osuna's fly ball. In the 12th, Schwarber made one of the plays of the year when he barreled into the stands where the old bullpen was to catch Chase Headley's pop-up. (more...)
- May 09, 2017
Ngoepe led off the inning with a single against Carlos Torres (1-3), advanced to second on a wild pitch and took third on pinch-hitter Jose Osuna's fly ball. In the 12th, Schwarber made one of the plays of the year when he barreled into the stands where the old bullpen was to catch Chase Headley's pop-up. (more...)
United vows to do better after passenger dragged from plane
- May 09, 2017
Executives from other airlines are there, too, as Congress examines customer service problems across the commercial aviation industry and considers legislation to better protect airline passengers. But representatives extended their righteous anger beyond Munoz and involuntary bumping, as executives from American Airlines, Southwest Airlines and Alaska Airlines were taken to task over everything from industry consolidation to added fees and general passenger rights. (more...)
- May 09, 2017
Executives from other airlines are there, too, as Congress examines customer service problems across the commercial aviation industry and considers legislation to better protect airline passengers. But representatives extended their righteous anger beyond Munoz and involuntary bumping, as executives from American Airlines, Southwest Airlines and Alaska Airlines were taken to task over everything from industry consolidation to added fees and general passenger rights. (more...)
Apple announces $1B fund to create advanced manufacturing jobs in the US
- May 09, 2017
Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps, and will release more details about the effort this summer. American technology multinational Apple experienced yet another Chinese revenue decline in the first quarter of 2017. The share price turned down despite a higher than expected 10% increase in earnings to $2.11 per share and overall revenues , more or less in line of close to $53bn during the quarter. (more...)
- May 09, 2017
Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps, and will release more details about the effort this summer. American technology multinational Apple experienced yet another Chinese revenue decline in the first quarter of 2017. The share price turned down despite a higher than expected 10% increase in earnings to $2.11 per share and overall revenues , more or less in line of close to $53bn during the quarter. (more...)
Judges hit Trump lawyer with tough questions over revised travel ban
- May 09, 2017
US President Donald Trump's temporary ban on travellers from six Muslim-majority countries faces a key legal test before a US appeals court in Virginia today, as his administration aims to convince a federal appeals court that the action was motivated by national security concerns, not religious bias. (more...)
- May 09, 2017
US President Donald Trump's temporary ban on travellers from six Muslim-majority countries faces a key legal test before a US appeals court in Virginia today, as his administration aims to convince a federal appeals court that the action was motivated by national security concerns, not religious bias. (more...)
Buffett: GOP Health Care Bill a Tax Cut for the Rich
- May 09, 2017
By comparison, the two stock-pickers at Berkshire, Ted Weschler and Todd Combs, manage about $20 billion between them and get paid $1 million a year in salary, plus bonuses based on the amount by which they beat the annual returns on the S&P 500 index. (more...)
- May 09, 2017
By comparison, the two stock-pickers at Berkshire, Ted Weschler and Todd Combs, manage about $20 billion between them and get paid $1 million a year in salary, plus bonuses based on the amount by which they beat the annual returns on the S&P 500 index. (more...)
United Airlines reaches settlement with passenger who was dragged off plane
- May 09, 2017
The dragging was one of several recent embarrassments for United. Some lawmakers demanded outlawing the practice of overbooking flights, in which airlines sell more seats than are available to ensure a full plane. Dr. David Dao was yanked off his flight from Chicago to Louisville, Ky., after crew members said the flight was overbooked. The incident arose from a common air travel issue - a fully booked flight. (more...)
- May 09, 2017
The dragging was one of several recent embarrassments for United. Some lawmakers demanded outlawing the practice of overbooking flights, in which airlines sell more seats than are available to ensure a full plane. Dr. David Dao was yanked off his flight from Chicago to Louisville, Ky., after crew members said the flight was overbooked. The incident arose from a common air travel issue - a fully booked flight. (more...)
Discovery Communications Inc. (DISCK) Shares Sold by UBS Asset Management Americas Inc
- May 09, 2017
The number of shares now owned by investors are 118.33 mln. The stock has a 50 day moving average of $28.44 and a 200 day moving average of $27.85. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. Finally, Credit Agricole S A boosted its position in Discovery Communications by 1,062.0% in the fourth quarter. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of US & worldwide copyright & trademark law. (more...)
- May 09, 2017
The number of shares now owned by investors are 118.33 mln. The stock has a 50 day moving average of $28.44 and a 200 day moving average of $27.85. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. Finally, Credit Agricole S A boosted its position in Discovery Communications by 1,062.0% in the fourth quarter. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of US & worldwide copyright & trademark law. (more...)
U.S. job growth bounces back
- May 09, 2017
A consensus of economists had expected the unemployment rate to stay at 6.7 per cent, according to Thomson Reuters . In April, 8.6% of the workforce was considered underemployed, versus 8.9% in March. Still, economists note that progress-in terms of a healthy economy-has not quite yet translated into major wage bumps for the majority of workers. In April, the participation rate edged down to 62.9 percent. (more...)
- May 09, 2017
A consensus of economists had expected the unemployment rate to stay at 6.7 per cent, according to Thomson Reuters . In April, 8.6% of the workforce was considered underemployed, versus 8.9% in March. Still, economists note that progress-in terms of a healthy economy-has not quite yet translated into major wage bumps for the majority of workers. In April, the participation rate edged down to 62.9 percent. (more...)
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