Markets
Boeing, DARPA to build prototype spaceplane
- May 25, 2017
Boeing Co. will partner with DARPA to design, build and test an autonomous, reusable spaceplane capable of putting small satellites into orbit around the Earth. If successful, the program could help enable a commercial service in the future that could operate with recurring costs of as little as $5 million or less per launch, including the cost of an expendable upper stage, assuming a recurring flight rate of at least ten flights per year-a small fraction of the cost of launch systems the US ... (more...)
- May 25, 2017
Boeing Co. will partner with DARPA to design, build and test an autonomous, reusable spaceplane capable of putting small satellites into orbit around the Earth. If successful, the program could help enable a commercial service in the future that could operate with recurring costs of as little as $5 million or less per launch, including the cost of an expendable upper stage, assuming a recurring flight rate of at least ten flights per year-a small fraction of the cost of launch systems the US ... (more...)
China stocks fall after rating cut, other Asian markets gain
- May 25, 2017
ANZ, on the other hand, said, "Downgrade (s) by rating agencies could potentially erode the financial soundness of China, creating the risk of a negative feedback loop", and: "The downgrade will likely lift the cost of financing of Chinese issuers, especially in the offshore market". (more...)
- May 25, 2017
ANZ, on the other hand, said, "Downgrade (s) by rating agencies could potentially erode the financial soundness of China, creating the risk of a negative feedback loop", and: "The downgrade will likely lift the cost of financing of Chinese issuers, especially in the offshore market". (more...)
OPEC likely to extend oil output cuts, but price relief elusive
- May 25, 2017
Iraq's Oil Minister Jabbar Al-Luaibi said nearly all countries participating in the cut had agreed to extend it, though there was no consensus yet on how long the extension should be. The cuts were initially agreed to last six months until the end of June. The plan was released just a day after Mr Trump left Opec's de-facto leader Saudi Arabia following his first overseas state visit. (more...)
- May 25, 2017
Iraq's Oil Minister Jabbar Al-Luaibi said nearly all countries participating in the cut had agreed to extend it, though there was no consensus yet on how long the extension should be. The cuts were initially agreed to last six months until the end of June. The plan was released just a day after Mr Trump left Opec's de-facto leader Saudi Arabia following his first overseas state visit. (more...)
Rival company approaches Louisville's Brown-Forman with takeover interest
- May 25, 2017
Stifel Nicolaus has "Hold" rating and $42 target. The stock has an average rating of "Hold" and an average price target of $49.00. About 1.09M shares traded. Brown-Forman had a net margin of 26.81% and a return on equity of 50.00%. As per Thursday, December 8, the company rating was maintained by Stifel Nicolaus. (more...)
- May 25, 2017
Stifel Nicolaus has "Hold" rating and $42 target. The stock has an average rating of "Hold" and an average price target of $49.00. About 1.09M shares traded. Brown-Forman had a net margin of 26.81% and a return on equity of 50.00%. As per Thursday, December 8, the company rating was maintained by Stifel Nicolaus. (more...)
Judge Gives RBS Until July 1 to Settle with Shareholders, Avoid Trial
- May 25, 2017
RBS has already offered nearly 1 billion pounds ($1.3 billion) to avoid a trial that would rake over its near collapse and state bailout during the height of the credit crisis and bring former chief executive Fred Goodwin to court. FILE PHOTO: A man shelters under an umbrella as he walks past a branch of the Royal Bank of Scotland in London, Britain, September 17, 2013. A spokesman for the investor group did not respond to requests for comment. (more...)
- May 25, 2017
RBS has already offered nearly 1 billion pounds ($1.3 billion) to avoid a trial that would rake over its near collapse and state bailout during the height of the credit crisis and bring former chief executive Fred Goodwin to court. FILE PHOTO: A man shelters under an umbrella as he walks past a branch of the Royal Bank of Scotland in London, Britain, September 17, 2013. A spokesman for the investor group did not respond to requests for comment. (more...)
Driver in Times Square rampage charged with murder
- May 25, 2017
The other victims were taken to multiple hospitals in the area, but there was no word on the extent of their injuries, police said . It is unclear at this time what condition her sister is in, though four of the injured are in critical condition, according to officials. (more...)
- May 25, 2017
The other victims were taken to multiple hospitals in the area, but there was no word on the extent of their injuries, police said . It is unclear at this time what condition her sister is in, though four of the injured are in critical condition, according to officials. (more...)
Police chief beheaded and others killed by IS militants in Philippines
- May 25, 2017
He said instating the law would "suppress lawless violence and rebellion and for public safety". Police say about one-third of the victims were shot by officers in self-defence during legitimate operations. He recalled that Marcos declared martial law to suppress the threat of communist insurgency. Lorenzana said the gunmen, who were believed to number more than 100, had occupied a hospital and a jail, and burnt down a buildings including a Catholic Church . (more...)
- May 25, 2017
He said instating the law would "suppress lawless violence and rebellion and for public safety". Police say about one-third of the victims were shot by officers in self-defence during legitimate operations. He recalled that Marcos declared martial law to suppress the threat of communist insurgency. Lorenzana said the gunmen, who were believed to number more than 100, had occupied a hospital and a jail, and burnt down a buildings including a Catholic Church . (more...)
Trump's visit to Saudi a 'turning point': King Salman
- May 25, 2017
This is welcome as Trump seems to be veering to a pragmatic and rational position that distinguishes between Islamist terrorism and the Islamic faith. In early 2013, about 160 people were arrested by Saudi security forces after they protested other jailings in the country. In the 1980s, Israel expressed its concern at a USA sale to Saudi Arabia of then-advanced F-15 fighter jets that were stationed at a Red Sea airfield. (more...)
- May 25, 2017
This is welcome as Trump seems to be veering to a pragmatic and rational position that distinguishes between Islamist terrorism and the Islamic faith. In early 2013, about 160 people were arrested by Saudi security forces after they protested other jailings in the country. In the 1980s, Israel expressed its concern at a USA sale to Saudi Arabia of then-advanced F-15 fighter jets that were stationed at a Red Sea airfield. (more...)
Pope to first lady: what are you feeding Trump?
- May 25, 2017
The private audience with the pontiff was preceded by a cordial handshake for the cameras and was lasted around 20 minutes. To reach public harmony, the two men, unquestionably two of the most famous figures on the planet, will have to set aside their past and very public conflicts. (more...)
- May 25, 2017
The private audience with the pontiff was preceded by a cordial handshake for the cameras and was lasted around 20 minutes. To reach public harmony, the two men, unquestionably two of the most famous figures on the planet, will have to set aside their past and very public conflicts. (more...)
Russia Probe Names Current White House Official as 'Significant Person of Interest'
- May 25, 2017
Trump told Russian Foreign Minister Sergei Lavrov last week that Comey was a "nut job," according to the Times , citing notes taken at the meeting and read to the paper by a U.S. The bureau is also probing whether Trump associates have business ties to Russian Federation and any connection between the Trump campaign and the hacking of Democratic National Committee and Hillary Clinton campaign officials' emails. (more...)
- May 25, 2017
Trump told Russian Foreign Minister Sergei Lavrov last week that Comey was a "nut job," according to the Times , citing notes taken at the meeting and read to the paper by a U.S. The bureau is also probing whether Trump associates have business ties to Russian Federation and any connection between the Trump campaign and the hacking of Democratic National Committee and Hillary Clinton campaign officials' emails. (more...)
23 million fewer insured Americans under AHCA, CBO report finds
- May 25, 2017
The new CBO report will serve as an important report card for Senate Republicans as they deliberate over their own version of the health care bill. Congress is aiming to pass the bill under a process called reconciliation, which requires only a simple majority of votes in the Senate, where Republicans hold a 52-48 majority, instead of 60 votes. (more...)
- May 25, 2017
The new CBO report will serve as an important report card for Senate Republicans as they deliberate over their own version of the health care bill. Congress is aiming to pass the bill under a process called reconciliation, which requires only a simple majority of votes in the Senate, where Republicans hold a 52-48 majority, instead of 60 votes. (more...)
Iran says dialogue, peaceful means key to solving Syria issue
- May 25, 2017
The Elders put out a statement Tuesday welcoming Rouhani's re-election "as a sign that the Iranian people clearly desire peaceful relations with the outside world and a more tolerant society at home". "The Islamic Republic is ready to cooperate in every way with other countries, including France, to fight terrorism and solve the Syrian crisis", stated Rouhani during a talk with French President Macron, quoted by Iranian news agency IRNA. (more...)
- May 25, 2017
The Elders put out a statement Tuesday welcoming Rouhani's re-election "as a sign that the Iranian people clearly desire peaceful relations with the outside world and a more tolerant society at home". "The Islamic Republic is ready to cooperate in every way with other countries, including France, to fight terrorism and solve the Syrian crisis", stated Rouhani during a talk with French President Macron, quoted by Iranian news agency IRNA. (more...)
Noble Energy Inc (NYSE:NBL) Technical and Valuation Says it All
- May 25, 2017
Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. BERENSON JEFFREY L sold $788,210 worth of stock or 23,000 shares. Seaport Global Securities raised shares of Noble from a neutral rating to a buy rating in a report on Tuesday, March 7th. (more...)
- May 25, 2017
Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. BERENSON JEFFREY L sold $788,210 worth of stock or 23,000 shares. Seaport Global Securities raised shares of Noble from a neutral rating to a buy rating in a report on Tuesday, March 7th. (more...)
Commerce secretary appears to fall asleep during Trump's speech
- May 25, 2017
Oil-rich Saudi Arabia carries much weight in the Islamic world, as the country is the birthplace of Islam and the site of Islam's two most significant cities - Mecca and Medina. "Drive them out", Trump said. "We are not here to tell other people how to live, what to do, who to be, or how to worship", he said. "The stories of Saudi women, such as yourselves, catalyzing change, inspire me to believe in the possibility of global women's empowerment", said Ivanka. (more...)
- May 25, 2017
Oil-rich Saudi Arabia carries much weight in the Islamic world, as the country is the birthplace of Islam and the site of Islam's two most significant cities - Mecca and Medina. "Drive them out", Trump said. "We are not here to tell other people how to live, what to do, who to be, or how to worship", he said. "The stories of Saudi women, such as yourselves, catalyzing change, inspire me to believe in the possibility of global women's empowerment", said Ivanka. (more...)
Moody's downgrades China, warns of eroding financial strength as debt rises
- May 25, 2017
While the Moody's downgrade will likely increase the borrowing cost modestly for the government of Beijing , and its enterprises that are state-owned, it is still comfortably within the investment grade range for its current rating. According to some data released by the Institute of International Finance, the total debt in the Chinese economy, which includes; government, households, and businesses peaked at 256% of economic output just before the year end last 2016. (more...)
- May 25, 2017
While the Moody's downgrade will likely increase the borrowing cost modestly for the government of Beijing , and its enterprises that are state-owned, it is still comfortably within the investment grade range for its current rating. According to some data released by the Institute of International Finance, the total debt in the Chinese economy, which includes; government, households, and businesses peaked at 256% of economic output just before the year end last 2016. (more...)
Today Container Store Group Inc (TCS) Stock Rises
- May 25, 2017
Morgan Stanley cut their price objective on Container Store Group from $5.00 to $3.50 and set an "underweight" rating for the company in a research note on Wednesday, February 8th. Along with Q1 EPS that rose 143% Y/Y from $0.07 in the prior-year quarter, TCS says Q1 revenues rose 5.3% to $221M and comparable store sales improved to -0.2%. (more...)
- May 25, 2017
Morgan Stanley cut their price objective on Container Store Group from $5.00 to $3.50 and set an "underweight" rating for the company in a research note on Wednesday, February 8th. Along with Q1 EPS that rose 143% Y/Y from $0.07 in the prior-year quarter, TCS says Q1 revenues rose 5.3% to $221M and comparable store sales improved to -0.2%. (more...)
North Korea 'highly likely' to be behind WannaCry ransomware attacks, says Symantec
- May 25, 2017
The earlier attacks did not exploit the vulnerability that helped WannaCry spread so far, so fast but instead used six other malicious programs favoured by Lazarus . "The shared code likely means that, at a minimum, WannaCry operators share software development resources with North Korean espionage operators", Ben Read , a FireEye analyst, said in an emailed statement. (more...)
- May 25, 2017
The earlier attacks did not exploit the vulnerability that helped WannaCry spread so far, so fast but instead used six other malicious programs favoured by Lazarus . "The shared code likely means that, at a minimum, WannaCry operators share software development resources with North Korean espionage operators", Ben Read , a FireEye analyst, said in an emailed statement. (more...)
Lawmakers seek details of Trump-Deutsche Bank-Russia ties
- May 25, 2017
The group wrote: "It is critical that you provide this Committee with the information necessary to assess the scope, findings and conclusions of your internal reviews". Representative Maxine Waters of California and four other Democrats on the House Financial Services Committee asked the Frankfurt-based lender for its internal report about its conduct in the Russian "mirror trading" scandal . (more...)
- May 25, 2017
The group wrote: "It is critical that you provide this Committee with the information necessary to assess the scope, findings and conclusions of your internal reviews". Representative Maxine Waters of California and four other Democrats on the House Financial Services Committee asked the Frankfurt-based lender for its internal report about its conduct in the Russian "mirror trading" scandal . (more...)
Agency: Jump in renewable energy jobs worldwide
- May 25, 2017
Amin. The growth has been largely driven by the wind and solar sectors, with employment across the two industries more than doubling in the last five years. By country, China, Brazil, the US, India, Japan and Germany are the largest employers of green energy workers. Specifically, jobs in the solar PV industry in the United States increased 17-times faster than the overall economy, growing 24.5% from the previous year to reach 260,000 - testament to the importance and growth of the ... (more...)
- May 25, 2017
Amin. The growth has been largely driven by the wind and solar sectors, with employment across the two industries more than doubling in the last five years. By country, China, Brazil, the US, India, Japan and Germany are the largest employers of green energy workers. Specifically, jobs in the solar PV industry in the United States increased 17-times faster than the overall economy, growing 24.5% from the previous year to reach 260,000 - testament to the importance and growth of the ... (more...)
Kite Realty Group Trust (NYSE:KRG): Stock Institutional Investors Feel Good About
- May 25, 2017
Independ now has $636.07M valuation. (PBF)'s shares projecting a $26.13 target price. About 708,839 shares traded. Digital Realty Trust, Inc.is a real estate investment trust. It also reduced Bkf Capital Group Inc. stake by 264,420 shares and now owns 29,380 shares. Spx Corp (SPW) was reduced too. Finally, Sandler O'Neill raised shares of Federal Realty Investment Trust from a "hold" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Monday, ... (more...)
- May 25, 2017
Independ now has $636.07M valuation. (PBF)'s shares projecting a $26.13 target price. About 708,839 shares traded. Digital Realty Trust, Inc.is a real estate investment trust. It also reduced Bkf Capital Group Inc. stake by 264,420 shares and now owns 29,380 shares. Spx Corp (SPW) was reduced too. Finally, Sandler O'Neill raised shares of Federal Realty Investment Trust from a "hold" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Monday, ... (more...)
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The world's biggest airplane has taken its first flight