Markets


NAB to cut 6000 jobs in $1.5b restructure
- November 02, 2017

The S&P/ASX 200 index, which touched a two-and-a-half year high in early trade, reversed gains to close down 0.1 per cent or 6.066 points at 5,931.7. The 6,000 workers represent 18% of the bank's 33,400 workforce. Julia Angrisano, national secretary of the Finance Sector Union of Australia, said employees were paying the price for cost controls. NAB said the results were "consistent" while it equally matched some analysts' expectations. (more...)
Patterson-UTI Energy, Inc. (PTEN) Given Consensus Rating of "Buy" by Analysts
- November 02, 2017

A number of other equities analysts also recently weighed in on the stock. Cowen and Company reaffirmed a market perform rating and set a $20.00 target price (down previously from $24.00) on shares of Patterson-UTI Energy in a research note on Friday, October 27th. (more...)
Government releases draft regulations for drones Government releases draft regulations for drones
- November 02, 2017

DGCA has stipulated five categories of drones on the basis of their maximum take-off weight. Civil Aviation Secretary R.N. Choubey said, related security issues were discussed with the Home Ministry and the draft regulation sought to improve 'ease of doing business' for the drones industry while securing any concerns of misuse . (more...)
Research Ratings: Amgen Inc. (AMGN), Kilroy Realty Corporation (KRC)
- November 02, 2017

Kimco Realty Corporation also declared a dividend for shareholders payable on Tuesday January 16th, 2018. The stock is a Buy among 8 brokerage firms polled by Factset Research. In the market the company is trading down from yesterday's close of $18.16. The TTM operating margin for the company stands at 27.9%. The Q.i. Value is calculated using the following ratios: EBITDA Yield, Earnings Yield, FCF Yield, and Liquidity. (more...)
USA trade panel recommends varying solar panel import restrictions (1165, TSLA) USA trade panel recommends varying solar panel import restrictions (1165, TSLA)
- November 02, 2017

In September, a unanimous vote categorized the nature of solar imports as toxic for local manufacturers. As Fortune reports , the issue has split the solar industry, with solar manufacturers on one side and, on the other, the solar installation companies, which have "benefited from low-priced panels that have led to explosive growth in rooftop systems on homes and commercial buildings as well as massive solar farms". (more...)
Runaway girl slips on board plane at Geneva airport Runaway girl slips on board plane at Geneva airport
- November 02, 2017

The girl repeatedly "took advantage of her small size" and dodging through a barrier with a "ruse" to make it look like she was traveling with adults ahead of her or behind her, Stampfli said. The girl slipped away from her parent's house in Geneva, before catching a one-stop train to Geneva Airport at around 1.30pm on Sunday. Air France had notified easyJet about the incident, with the low-priced airline then handing her over to the police. (more...)
Russia or no Russia, Facebook's earnings just blasted expectations once again Russia or no Russia, Facebook's earnings just blasted expectations once again
- November 02, 2017

The tech firm reported earnings of $1.59 per share, above the $1.28 per share expected. Facebook (FB) this afternoon reported Q3 revenue that comfortably topped analysts' expectations, and profit that was much higher than expected, boosting its stock in late trading. (more...)
Pfizer, Inc. (PFE) Shares Bought by Callahan Advisors LLC Pfizer, Inc. (PFE) Shares Bought by Callahan Advisors LLC
- November 02, 2017

Chilton Capital Management Llc decreased Pfizer Inc ( PFE ) stake by 69.03% reported in 2017Q2 SEC filing. The company trades on average around 1723000 shares per market session. Pfizer Inc now has $208.79 billion valuation. Pfizer ( NYSE : PFE ) last released its earnings results on Monday, October 30th. The biopharmaceutical company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. (more...)
Get your drift on; Ford performance offers world's first electronic handbrake Get your drift on; Ford performance offers world's first electronic handbrake
- November 02, 2017

With its clever GKN Twinster all-wheel drive system and an electronic Drift Mode , the Ford Focus RS is already better qualified as a drift vehicle than most hot hatches. The drift stick also features a USB port that doubles as a diagnostic tool, and installing the drift stick won't void your warranty in the U.S. on Canada. (more...)
Sharp objects found in Halloween candy in two New Brunswick cities Sharp objects found in Halloween candy in two New Brunswick cities
- November 02, 2017

A child found a nail hidden in a Tootsie Roll in 2016. It's the second straight year in which a nail was found in a Neenah trick-or-treater's candy. The alarming discovery has police urging everyone check their Halloween candy thoroughly before eating and discard anything you feel looks suspicious. (more...)
U.S. economy still growing at 'solid pace' despite hurricanes: Fed U.S. economy still growing at 'solid pace' despite hurricanes: Fed
- November 01, 2017

In its statement Wednesday upon concluding a two-day meeting, the central bank said that the labor market has continued to strengthen, with the jobless rate falling even further, to 4.2% in September. The central bank had previously projected it would raise its benchmark fed funds rate, now between 1% and 1.25%, at its final meeting on December 12-13. (more...)
Makeup, millennials drive Estee Lauder sales surge Makeup, millennials drive Estee Lauder sales surge
- November 01, 2017

For the fiscal year 2018, Estée expects an adjusted profit of $4.04 to $4.12 per share. Institutional investors and hedge funds own 54.89% of the company's stock. Estee Lauder shares hit a record high on Wednesday after the cosmetics maker forecast holiday-quarter sales ahead of market expectations, banking on demand for recently acquired makeup brands that are popular with millennials. (more...)
Passengers arrested for allegedly performing oral sex on Delta flight Passengers arrested for allegedly performing oral sex on Delta flight
- November 01, 2017

The woman and the 28-year-old, whose names have not been known, had never met before boarding the plane, according to the Washington Post. The randy couple - who officials said were strangers before the flight - were busted after it occurred while they sat in their seats. (more...)
US Private Sector Employment Climbs More Than Expected In October US Private Sector Employment Climbs More Than Expected In October
- November 01, 2017

Still, this was in the wake of two hurricanes. The increase was driven by huge improvements in the services sector, which added 150,000 new positions, and the goods producing sector, which increased by 85,000. "The job market remains healthy and hiring bounced back with one of the best performances we've seen all year", Ahu Yildirmaz, co-head of the ADP Research Institute, said in the statement. (more...)
#GiveGood: Starbucks holiday cup design released #GiveGood: Starbucks holiday cup design released
- November 01, 2017

The company had asked customers to share their cup drawings and 1,200 artwork suggestions were submitted over an eight-day period. The cup design starts with a pair of hands holding red cups of coffee, an ode to cups of years past, connected with swirling ribbons with lively holiday scenes and splashes of red and green. (more...)