Markets


Workday Inc. (WDAY) Given New $62.00 Price Target at Brean Capital Workday Inc. (WDAY) Given New $62.00 Price Target at Brean Capital
- August 26, 2016

Quarterly revenue grew 33.6% year over year to $377.7 million, including a 36.9% increase in subscription revenue, to $306.2 million, and 21.3% growth from professional services, to $71.5 million. Airain ltd boosted its stake in shares of Workday by 247.2% in the fourth quarter. Workday also achieved its second-strongest quarter in company history for securing new financial management customers, with nearly a third of all new customers purchasing Workday Financial Management. (more...)
American Airlines to Add Westchester-Miami Flights
- August 26, 2016

Thursday, officials said. Flight operations returned to normal after about 90 minutes, the FAA said. Check fly.faa.gov for current delay information. New York's Westchester County Airport will soon be offering flights to Miami . Bergen said the Miami control center monitors flights from the Tampa and Orlando areas, as well as the Caribbean. (more...)
Most Recent analysts Ratings: Teva Pharmaceutical Industries Limited (NYSE:TEVA) Most Recent analysts Ratings: Teva Pharmaceutical Industries Limited (NYSE:TEVA)
- August 26, 2016

Teva Pharmaceutical Industries Limited P/E (price to earnings) ratio is 34.47 and Forward P/E ratio of 8.7. Yeda Research & Development Co. Jefferies Group decreased their price target on Teva Pharmaceutical Industries from $72.00 to $69.00 and set a "buy" rating for the company in a report on Thursday, July 14th. (more...)
Berry Plastics To Acquire AEP Industries In $765 Mln Deal Berry Plastics To Acquire AEP Industries In $765 Mln Deal
- August 26, 2016

The company has a market cap of $5.37 billion and the numbers of outstanding shares have been calculated to be 121.60 million shares. The stock's market capitalization is 5.34B, it has a 52-week low of 27.79 and a 52-week high of 44.01. They issued a "neutral" rating and a $42.00 target price for the company. Berry Plastics Group Inc .is engaged in providing plastic consumer packaging and engineered materials. (more...)
ITV share price outperforms as group drops Entertainment One bid ITV share price outperforms as group drops Entertainment One bid
- August 26, 2016

Earlier this month, Toronto-based media conglomerate Entertainment One rejected a takeover approach from United Kingdom broadcaster ITV . AirAsia Bhd, Asia's biggest low-priced airline, values its wholly owned leasing arm at 4.1 billion ringgit ($1 billion), and aims to attract an equity investor to the unit by end-2016, it said in a presentation to analysts. (more...)
Dollar General, Dollar Tree report weak sales growth Dollar General, Dollar Tree report weak sales growth
- August 26, 2016

In the second quarter, the company opened 156 stores, expanded or relocated 52 stores, and closed 17 stores. The consensus estimates from Thomson Reuters had called for $1.09 in EPS on $5.5 billion in revenue. In other Dollar Tree news, CEO Bob Sasser sold 60,000 shares of the business's stock in a transaction that occurred on Thursday, May 26th. Dollar Tree, meanwhile, fell as much as 8.6 percent to $86.78. (more...)
Jude Medical, Inc. (NYSE:STJ) in Traders Focus Jude Medical, Inc. (NYSE:STJ) in Traders Focus
- August 26, 2016

Presently, Wall Street analysts have provided a consensus stock rating of 2.88 on shares of St. Jude Medical, Inc. The value of the Market cap relatively ensures a stable and secure position for the company, and can be easily considered a blue chip in today's market. (more...)
Mylan Says It Will Expand Programs That Lower EpiPen Costs
- August 26, 2016

The only alternative that has received Food and Drug Administration approval is the Adrenaclick pen, which is half the price of the EpiPen - but pharmacies can not fill an EpiPen prescription with Adrenaclick, because it is not a generic. (more...)
Tesla Motors reveals 'Fastest Production Car to the World'
- August 26, 2016

Yet, Model S from the house of Tesla was already the speediest 4-door sedan capable of the fastest sprint to reach 100kmph for any vehicle below the price point of $2,00,000. Musk's Tuesday afternoon announcement about this new battery development led Tesla's stock to spike up nearly 2 percent in value before leveling off at the end of the day. (more...)
Uber reportedly lost at least $1.2 billion in first half of 2016 Uber reportedly lost at least $1.2 billion in first half of 2016
- August 26, 2016

Uber's losses and revenue have generally grown in lockstep as the company's global ambitions have expanded. Bloomberg reports that Uber has lost at least $4 billion in its four-year history, including $2 billion last year. Experts think the company's losses will begin to fall in August, after the company struck a deal to merge with a Chinese competitor, Didi Chuxing, but analysts aren't sure if that is enough to turn them completely around. (more...)
Germany's Merkel calls for more European Union sharing of intelligence information
- August 26, 2016

Earlier the three leaders laid a wreath on the tomb of the Italian intellectual Altiero Spinelli, who is seen as one of the fathers of European unity. The three then head to another symbolic location for the summit: the Italian aircraft carrier Garibaldi , which is coordinating the EU's migrant rescue operation. (more...)
Asian shares drift as market awaits Jackson Hole Conference
- August 26, 2016

Germany's equity benchmark DAX Index fell 0.7 percent, for one of the biggest declines among western-European markets, as a report showed business sentiment in the region's largest economy unexpectedly slipped in August. Vacillating trade comes after a downbeat session Wednesday, when the S&P 500 and the Dow industrials finished at their lowest levels since early August (http://www.marketwatch.com/story/us-stock-futures-search-for-firm-direction-marooned-in-wait-for-yellen-2016-08-24). (more...)
RBI Governor Appointment Quote - Mr. Saravana Kumar - LIC MF
- August 26, 2016

Reserve Bank of India (RBI) Deputy Governor Urjit Patel attends a news conference after the bi-monthly monetary policy review in Mumbai, India, August 9, 2016. Between 2000 and 2004, Patel had worked with several Indian Central and State government committees, such as the Task Force on Direct Taxes, the Ministry of Finance, and the Secretariat for the Prime Minister's Task Force on Infrastructure. (more...)
Orders for US durable goods rebounded in July Orders for US durable goods rebounded in July
- August 26, 2016

Excluding those from the transportation sector, which can be volatile from one month to the next, orders grew by 1.5% to $150.04bn (consensus: 0.4%). The Pentagon also put in a bunch of new orders. Next Friday, the Commerce Department is scheduled to release a separate report on July factory orders, which include orders for both durable and non-durable goods. (more...)
Chinese shares open lower Chinese shares open lower
- August 26, 2016

China stocks closed lower on Monday as some investors took profits on infrastructure and transportation shares, leaving the blue-chip CSI 300 index with its worst loss in three weeks. As of noon, the financial subindex was down 0.43 percent. Year-to-date, the iShares MSCI China ETF (MCHI) is up 5.8%, the iShares China Large-Cap ETF (FXI) has gained 6.5% and the iShares MSCI Hong Kong ETF (EWH) has advanced 8.7%. (more...)
Weekly Jobless Claims Slip by 1000 Weekly Jobless Claims Slip by 1000
- August 26, 2016

U.S. initial jobless claims declined by 1,000 from the previous week's unrevised level to 261,000, beating expectations for a jump to 265,000. Economists had expected claims to rise to 265,000. The four-week moving average of claims, considered by economists to be more reliable because it covers a longer period, fell 1,250 to 264,000. No states or territories of the USA estimated their jobless claims for last week and there was not anything unusual in the most recent figures said the Labor ... (more...)
Sears Losses Increase, Borrowing Millions from Eddie Lampert Sears Losses Increase, Borrowing Millions from Eddie Lampert
- August 26, 2016

Revenue for the Hoffman Estates, Illinois-based company dropped to $5.66 billion from $6.21 billion. "And if it doesn't have the inventory during the most important quarter of the year, look for the market to reason the company could be headed for a financial tailspin sometime in 2017". (more...)
US Lawmakers Call for Investigation into cost of EpiPens
- August 25, 2016

The EpiPen price hike is under growing scrutiny in the USA, with a growing number of politicians crying foul over Mylan hiking the price of a two-dose package of its product up from US$94 ($A123) nine years ago for a two-dose package to $US608 (A$799) in May. (more...)
Trump campaign defends paying steep rent increase at Trump Tower Trump campaign defends paying steep rent increase at Trump Tower
- August 25, 2016

Up until late June, Trump's campaign was primarily self-funded. Former GOP presidential candidate Ben Carson has been connecting Trump with leaders in the black community, Carson adviser Armstrong Williams said, and meetings with key African American figures are expected to take place in Detroit and other cities before election day. (more...)
BuzzFeed splits itself into news, entertainment departments BuzzFeed splits itself into news, entertainment departments
- August 25, 2016

It will be led by Ze Frank , president of BuzzFeed Motion Pictures . He continues that video will become "embedded" into all BuzzFeed initiatives. "It will also complete our shift to becoming a cross-platform media company, with entertainment and news both living on our site, our apps, and distributed on platforms across the web in multiple native formats". (more...)

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