Markets
Best Buy 3Q results, outlook disappoint
- November 17, 2017
Several institutional investors have recently bought and sold shares of BBY . FNY Managed Accounts LLC boosted its position in Best Buy Co.by 18,281.8% in the 2nd quarter. The shares were sold at an average price of $59.92, for a total transaction of $134,580.32. These holdings make up 88.34% of the company's outstanding shares. (more...)
- November 17, 2017
Several institutional investors have recently bought and sold shares of BBY . FNY Managed Accounts LLC boosted its position in Best Buy Co.by 18,281.8% in the 2nd quarter. The shares were sold at an average price of $59.92, for a total transaction of $134,580.32. These holdings make up 88.34% of the company's outstanding shares. (more...)
American Express Joins RippleNet for Cross-Border Payments between USA and UK
- November 17, 2017
For those unfamiliar with blockchain technology, it can be described in simple terms as a secure method for electronically transferring money or files using decentralized, distributed computers that record the path of each transaction as it moves along, block-to-block, until it reaches its intended destination. (more...)
- November 17, 2017
For those unfamiliar with blockchain technology, it can be described in simple terms as a secure method for electronically transferring money or files using decentralized, distributed computers that record the path of each transaction as it moves along, block-to-block, until it reaches its intended destination. (more...)
Philippine economy expands by 6.9% in Q3, beating forecasts
- November 17, 2017
Pernia is optimistic that fourth-quarter GDP will likely be higher or match the third-quarter economic performance. Industry in the Philippines continued to be on an upward path, rising 7.5 percent from 7.4 percent in the second quarter, offsetting the deceleration in agricultural growth. (more...)
- November 17, 2017
Pernia is optimistic that fourth-quarter GDP will likely be higher or match the third-quarter economic performance. Industry in the Philippines continued to be on an upward path, rising 7.5 percent from 7.4 percent in the second quarter, offsetting the deceleration in agricultural growth. (more...)
Applied Materials, Inc. (AMAT) ended its day with the change of -1.15%
- November 17, 2017
The institutional investor owned 3,707,456 shares of the manufacturing equipment provider's stock after selling 41,971 shares during the period. Applied Materials noted its backlog at the end of fiscal 2017 surged 32% to $6.03 billion. Stifel Nicolaus reaffirmed a buy rating and set a $61.00 target price (up previously from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. (more...)
- November 17, 2017
The institutional investor owned 3,707,456 shares of the manufacturing equipment provider's stock after selling 41,971 shares during the period. Applied Materials noted its backlog at the end of fiscal 2017 surged 32% to $6.03 billion. Stifel Nicolaus reaffirmed a buy rating and set a $61.00 target price (up previously from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. (more...)
Rating upgrade fires up bond market, yield shoots up
- November 17, 2017
On the back of Moody's rating upgrade for Indian sovereign bonds on Thursday, the Indian rupee opened at 64.72 per dollar versus previous close 65.32. "However, as disruption fades, assisted by recent government measures to support SMEs and exporters with GST compliance, real GDP growth will rise to 7.5% in FY2018 (2018-19), with similarly robust levels of growth from FY2019 (2019-20) onward". (more...)
- November 17, 2017
On the back of Moody's rating upgrade for Indian sovereign bonds on Thursday, the Indian rupee opened at 64.72 per dollar versus previous close 65.32. "However, as disruption fades, assisted by recent government measures to support SMEs and exporters with GST compliance, real GDP growth will rise to 7.5% in FY2018 (2018-19), with similarly robust levels of growth from FY2019 (2019-20) onward". (more...)
Large fire tears through St. Louis warehouse
- November 17, 2017
A spokesperson for the fire department said the 13-year-old truck would cost nearly $1 million to replace. KSDK reports a warehouse employee and a firefighter were hospitalized for smoke inhalation. A great majority of these chemicals will evaporate into the atmosphere. About 12 to 15 people were inside of the one-story building at the time. The City of St. (more...)
- November 17, 2017
A spokesperson for the fire department said the 13-year-old truck would cost nearly $1 million to replace. KSDK reports a warehouse employee and a firefighter were hospitalized for smoke inhalation. A great majority of these chemicals will evaporate into the atmosphere. About 12 to 15 people were inside of the one-story building at the time. The City of St. (more...)
Wells Fargo Breaks Above 200-Day Moving Average - Bullish for WFC
- November 17, 2017
The stock rose 0.63% or $0.34 reaching $54.11 per share. Another trade for 24,708 shares valued at $1.34 million was sold by Pelos Petros G . It is down 89.35% since November 16, 2016 and is uptrending. Vaughan David Inc Il holds 1.35% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 483,299 shares. Fjarde Ap has invested 1.26% in Wells Fargo & Co (NYSE:WFC). (more...)
- November 17, 2017
The stock rose 0.63% or $0.34 reaching $54.11 per share. Another trade for 24,708 shares valued at $1.34 million was sold by Pelos Petros G . It is down 89.35% since November 16, 2016 and is uptrending. Vaughan David Inc Il holds 1.35% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 483,299 shares. Fjarde Ap has invested 1.26% in Wells Fargo & Co (NYSE:WFC). (more...)
Bon-Ton to close dozens of stores across its brands
- November 17, 2017
The Bon-Ton Stores, Inc is a department store operator. The company is so far trading up from yesterday's close of 0.445. The Bon-Ton Stores, Inc. "(Closures) will enable us with moving forward with a more productive store footprint and redirecting capital expenditures toward investments created to drive sales growth", Tracy said. (more...)
- November 17, 2017
The Bon-Ton Stores, Inc is a department store operator. The company is so far trading up from yesterday's close of 0.445. The Bon-Ton Stores, Inc. "(Closures) will enable us with moving forward with a more productive store footprint and redirecting capital expenditures toward investments created to drive sales growth", Tracy said. (more...)
Stoneridge Investment Partners LLC Sells 25309 Shares of Twenty-First Century Fox, Inc
- November 17, 2017
Other institutional investors also recently made changes to their positions in the company. Elgethun Capital Management bought a new stake in Twenty-First Century Fox during the second quarter worth about $201,000. Twenty-First Century Fox, Inc. has a 52-week low of $24.30 and a 52-week high of $31.94. FOXA shares price shows upbeat performance moved up 2.50% during latest trading session. (more...)
- November 17, 2017
Other institutional investors also recently made changes to their positions in the company. Elgethun Capital Management bought a new stake in Twenty-First Century Fox during the second quarter worth about $201,000. Twenty-First Century Fox, Inc. has a 52-week low of $24.30 and a 52-week high of $31.94. FOXA shares price shows upbeat performance moved up 2.50% during latest trading session. (more...)
Oil leak shuts down portion of Keystone pipeline
- November 17, 2017
This is the largest Keystone oil spill to date in South Dakota, said Brian Walsh, a spokesman for the state's Department of Environment and Natural Resources. In addition, Reuters reports that a portion of the pipeline running from Alberta to Oklahoma and IL has been closed until further notice, yet the pipeline's southern leg remains unaffected and continues to operate. (more...)
- November 17, 2017
This is the largest Keystone oil spill to date in South Dakota, said Brian Walsh, a spokesman for the state's Department of Environment and Natural Resources. In addition, Reuters reports that a portion of the pipeline running from Alberta to Oklahoma and IL has been closed until further notice, yet the pipeline's southern leg remains unaffected and continues to operate. (more...)
Japanese railroad apologizes for something that the MTA will never do
- November 16, 2017
But on Tuesday (Nov 14), a train on the Tsukuba Express line in Tokyo failed to stick to its timetable - by leaving 20 seconds early , reported Japan Today, citing SoraNews24. The company owned up to the error and apologized, even though it appears no passengers reported being inconvenienced by the early departure, BBC said. (more...)
- November 16, 2017
But on Tuesday (Nov 14), a train on the Tsukuba Express line in Tokyo failed to stick to its timetable - by leaving 20 seconds early , reported Japan Today, citing SoraNews24. The company owned up to the error and apologized, even though it appears no passengers reported being inconvenienced by the early departure, BBC said. (more...)
Independent Inspector Preliminary Report Shows Nelson Peltz Elected To P&G Board
- November 16, 2017
Grundy argues that either way the final vote goes, Procter & Gamble has a strong future ahead of it. This has been the biggest proxy battle in history. New-ish P&G CEO David Taylor, meanwhile, has pushed back on the basis that the Tide and Gillette-maker is already undergoing a turnaround, and Peltz would throw a wrench into the process. (more...)
- November 16, 2017
Grundy argues that either way the final vote goes, Procter & Gamble has a strong future ahead of it. This has been the biggest proxy battle in history. New-ish P&G CEO David Taylor, meanwhile, has pushed back on the basis that the Tide and Gillette-maker is already undergoing a turnaround, and Peltz would throw a wrench into the process. (more...)
Norway's pension fund could cut billions in oil stocks to spread risk
- November 16, 2017
The possibility of the fund selling $37 trillion in stocks was enough to send Europe's oil and gas companies into the red, putting an abrupt end to what had been a positive day of trading before the announcement. The fund, formally known as the Government Pension Fund Global (GPFG), is ranked as the world's biggest sovereign wealth fund. It invests Norway's revenues from oil and gas production in stocks, bonds and real estate. (more...)
- November 16, 2017
The possibility of the fund selling $37 trillion in stocks was enough to send Europe's oil and gas companies into the red, putting an abrupt end to what had been a positive day of trading before the announcement. The fund, formally known as the Government Pension Fund Global (GPFG), is ranked as the world's biggest sovereign wealth fund. It invests Norway's revenues from oil and gas production in stocks, bonds and real estate. (more...)
Koch brothers back Meredith bid to buy Time
- November 16, 2017
In 2012, the billionaires spent nearly $400 million. Shares in magazine publisher Time Inc are up more than 25 per cent today after two billionaire brothers joined talks to buy the company. The reported negotiations come after speculation over a sales process earlier this year. Meredith is based in Des Moines, Iowa. In May this year, the owner of Sports Illustrated and People announced plans to sell some magazines or other properties as it tries to push ahead with a digital strategy. (more...)
- November 16, 2017
In 2012, the billionaires spent nearly $400 million. Shares in magazine publisher Time Inc are up more than 25 per cent today after two billionaire brothers joined talks to buy the company. The reported negotiations come after speculation over a sales process earlier this year. Meredith is based in Des Moines, Iowa. In May this year, the owner of Sports Illustrated and People announced plans to sell some magazines or other properties as it tries to push ahead with a digital strategy. (more...)
Emerson to Increase Offer for Rockwell to $29 Billion
- November 16, 2017
This is an increase from Rockwell Automation's previous quarterly dividend of $0.76. Rockwell previously rejected Emerson's initial acquisition some two weeks back, reasoning that the offer undervalued the company. The firm's quarterly revenue was up 8.4% compared to the same quarter previous year. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. (more...)
- November 16, 2017
This is an increase from Rockwell Automation's previous quarterly dividend of $0.76. Rockwell previously rejected Emerson's initial acquisition some two weeks back, reasoning that the offer undervalued the company. The firm's quarterly revenue was up 8.4% compared to the same quarter previous year. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. (more...)
GKN share price slumps as group drops incoming boss
- November 16, 2017
Shares in GKN (LON: GKN ) have fallen deep into the red in London in today's session as the company announced that it had sacked its new chief executive, weeks before he was due to take the helm at the blue-chip company. Investors took fright as GKN also said a review of its United States aerospace plants had uncovered a further hit, with additional write-offs of between £80 million and £130 million. (more...)
- November 16, 2017
Shares in GKN (LON: GKN ) have fallen deep into the red in London in today's session as the company announced that it had sacked its new chief executive, weeks before he was due to take the helm at the blue-chip company. Investors took fright as GKN also said a review of its United States aerospace plants had uncovered a further hit, with additional write-offs of between £80 million and £130 million. (more...)
Airbus secures Dubai Airshow order for 90 A320neos from CBD Aviation
- November 16, 2017
Both sides confirmed the record order included A320neos and A321neos, with the deal officially announced later at the Dubai Air Show. It was one of the industry's biggest deals by volume and the most planes ever sold by Airbus in one batch. (more...)
- November 16, 2017
Both sides confirmed the record order included A320neos and A321neos, with the deal officially announced later at the Dubai Air Show. It was one of the industry's biggest deals by volume and the most planes ever sold by Airbus in one batch. (more...)
Wal-Mart Stores, Inc. (WMT) receives consensus rating of 2.40
- November 16, 2017
It has underperformed by 2.87% the S&P500. A company that has a large presence may help ease investor worry, especially in a down market climate. The 1-year high was reported on Nov, 16 by Barchart.com . raised its position in shares of Wal-Mart Stores by 0.3% during the 2nd quarter. Adell Harriman And Carpenter Inc has 3,285 shares for 0% of their portfolio. (more...)
- November 16, 2017
It has underperformed by 2.87% the S&P500. A company that has a large presence may help ease investor worry, especially in a down market climate. The 1-year high was reported on Nov, 16 by Barchart.com . raised its position in shares of Wal-Mart Stores by 0.3% during the 2nd quarter. Adell Harriman And Carpenter Inc has 3,285 shares for 0% of their portfolio. (more...)
Qualcomm rejects Broadcom's record-breaking $105 billion takeover attempt (AVGO, QCOM)
- November 16, 2017
The preparations for the board meeting indicate that Qualcomm is poised to rebuff the bid as insufficient as early as Monday, although it may decide to spend a few more days this week to prepare its full response to Broadcom , the sources added. (more...)
- November 16, 2017
The preparations for the board meeting indicate that Qualcomm is poised to rebuff the bid as insufficient as early as Monday, although it may decide to spend a few more days this week to prepare its full response to Broadcom , the sources added. (more...)
Nigeria's Inflation Rate Falls For Ninth Consecutive Time
- November 16, 2017
The October rise in the US core inflation support the signal from our BlackRock Inflation GPS that underlying prices are bottoming out around the current annual rate of 1.8% and should be back at 2% in early 2018. The all items index rose 2.0% for the 12 months ending October, a smaller increase than the 2.2% increase for the period ending September. On the average headline year on year inflation for the next five months, June to October, of the year likewise stood at 16.01 per cent. (more...)
- November 16, 2017
The October rise in the US core inflation support the signal from our BlackRock Inflation GPS that underlying prices are bottoming out around the current annual rate of 1.8% and should be back at 2% in early 2018. The all items index rose 2.0% for the 12 months ending October, a smaller increase than the 2.2% increase for the period ending September. On the average headline year on year inflation for the next five months, June to October, of the year likewise stood at 16.01 per cent. (more...)
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Oil rises over 1% on U.S. crude stockpile draw, manufacturing activity