Markets
BT is cutting 13000 jobs and leaving London HQ
- May 10, 2018
The FTSE 100 firm saw its shares tank on the news, falling as much as 8.8% at the start of trading. In a strategy update to the stock exchange, the telecommunications giant said the move was needed to maintain its "leading position in converged connectivity and services in the United Kingdom and for multi-national corporations". (more...)
- May 10, 2018
The FTSE 100 firm saw its shares tank on the news, falling as much as 8.8% at the start of trading. In a strategy update to the stock exchange, the telecommunications giant said the move was needed to maintain its "leading position in converged connectivity and services in the United Kingdom and for multi-national corporations". (more...)
US consumer prices rise slightly; labor market tightening
- May 10, 2018
The weaker-than-expected CPI news isn't expected to alter the Fed's plans to raise interest rates at least two more times in 2018 with the next rate hike widely expected at its June meeting. Prices for final demand services inched up 0.1 percent in the fourth straight rise. Producer energy prices rose 0.1% in April from March. Intermediate services prices advanced 3.1% in April from a year earlier. (more...)
- May 10, 2018
The weaker-than-expected CPI news isn't expected to alter the Fed's plans to raise interest rates at least two more times in 2018 with the next rate hike widely expected at its June meeting. Prices for final demand services inched up 0.1 percent in the fourth straight rise. Producer energy prices rose 0.1% in April from March. Intermediate services prices advanced 3.1% in April from a year earlier. (more...)
CYBG (CYBG) Receives Sector Performer Rating from Royal Bank of Canada
- May 10, 2018
Sold All: 68 Reduced: 141 Increased: 120 New Position: 61. In an analyst note issued on Wednesday, 9 May, The Hold rating of Onesavings Bank (LON:OSB) shares was kept at Numis, who now has a GBX 398.00 target price per share on the stock. (more...)
- May 10, 2018
Sold All: 68 Reduced: 141 Increased: 120 New Position: 61. In an analyst note issued on Wednesday, 9 May, The Hold rating of Onesavings Bank (LON:OSB) shares was kept at Numis, who now has a GBX 398.00 target price per share on the stock. (more...)
United Kingdom central bank defends change of mind on rates
- May 10, 2018
Against the euro , sterling gained 0.1 percent to 87.510 pence as the stronger dollar pulled the single currency down across the board. Growth was weakest in Britain, where Brexit-related pressures have squeezed consumer spending power and hurt firms' willingness to sign off on major investments. (more...)
- May 10, 2018
Against the euro , sterling gained 0.1 percent to 87.510 pence as the stronger dollar pulled the single currency down across the board. Growth was weakest in Britain, where Brexit-related pressures have squeezed consumer spending power and hurt firms' willingness to sign off on major investments. (more...)
PWD scam: ACB arrests son of Kejriwal's brother-in-law
- May 10, 2018
The ACB team had a year ago raided Kejriwal's brother-in-law Surender Kumar Bansal's residence and office. On May 9, 2017, the ACB had registered three FIRs in the alleged PWD scam that involved submitting fake bills to claim money for construction work. (more...)
- May 10, 2018
The ACB team had a year ago raided Kejriwal's brother-in-law Surender Kumar Bansal's residence and office. On May 9, 2017, the ACB had registered three FIRs in the alleged PWD scam that involved submitting fake bills to claim money for construction work. (more...)
Former Anbang chief gets 18 years in prison for fraud
- May 10, 2018
He initially contested charges against him but later asked for leniency . According to Xinhua, Wu concealed his ownership of shares in companies controlled by Anbang, filed false statements with financial authorities and lured investors by offering rates of return above that offered elsewhere. (more...)
- May 10, 2018
He initially contested charges against him but later asked for leniency . According to Xinhua, Wu concealed his ownership of shares in companies controlled by Anbang, filed false statements with financial authorities and lured investors by offering rates of return above that offered elsewhere. (more...)
Who made how much from Walmart-Flipkart deal
- May 10, 2018
Naspers initially invested in Flipkart in August 2012 and its cumulative investment to the point of sale amounts to $616 million. Flipkart's co-founder and now CEO, Binny Bansal said "This investment is of vast importance for India and will help fuel our ambition to deepen our connection with buyers and sellers and to create the next wave of retail in India". (more...)
- May 10, 2018
Naspers initially invested in Flipkart in August 2012 and its cumulative investment to the point of sale amounts to $616 million. Flipkart's co-founder and now CEO, Binny Bansal said "This investment is of vast importance for India and will help fuel our ambition to deepen our connection with buyers and sellers and to create the next wave of retail in India". (more...)
RBS settles US Department of Justice investigation with $4.9bn fine
- May 10, 2018
The US penalty will take a slice out of the firm's 2018 profits, but it has already set aside $3.46bn to cover it. The proposed settlement is subject to the Department of Justice and RBS entering into a legally-binding agreement, and there can be no assurance that the parties will agree on the final terms of any proposed settlement, RBS said. (more...)
- May 10, 2018
The US penalty will take a slice out of the firm's 2018 profits, but it has already set aside $3.46bn to cover it. The proposed settlement is subject to the Department of Justice and RBS entering into a legally-binding agreement, and there can be no assurance that the parties will agree on the final terms of any proposed settlement, RBS said. (more...)
Lalu Prasad Yadav granted 3-day parole to attend son's wedding
- May 10, 2018
RJD chief and former Bihar CM Lalu Prasad is in two minds after obtaining parole to attend his eldest son's wedding ceremony in Patna . He had initially applied for five-day parole. Sources said that there will be four Deputy Superintendent level officers for Lalu's security. Lalu also underwent treatment at All India Institute of Medical Sciences, from where he was referred back to Rims on May 1. (more...)
- May 10, 2018
RJD chief and former Bihar CM Lalu Prasad is in two minds after obtaining parole to attend his eldest son's wedding ceremony in Patna . He had initially applied for five-day parole. Sources said that there will be four Deputy Superintendent level officers for Lalu's security. Lalu also underwent treatment at All India Institute of Medical Sciences, from where he was referred back to Rims on May 1. (more...)
Another Tesla vehicle crash kills two people in the US
- May 10, 2018
A Tesla vehicle crashed and caught fire in Fort Lauderdale, Florida, on Tuesday, killing two people, U.S. local police said on Wednesday. The ensuing investigation led to a falling out between Tesla and the National Transportation Safety Board, which was looking into the crash. (more...)
- May 10, 2018
A Tesla vehicle crashed and caught fire in Fort Lauderdale, Florida, on Tuesday, killing two people, U.S. local police said on Wednesday. The ensuing investigation led to a falling out between Tesla and the National Transportation Safety Board, which was looking into the crash. (more...)
Stock Jumping Abnormally High: Marathon Oil Corporation (MRO)
- May 10, 2018
The company, which is valued at $36.62B, last published its earnings results on Monday, 04/30/2018 for the quarter that ended in Mar-18. Investors and Traders continue to monitor technical levels of shares of Marathon Petroleum Corporation ( MPC ). (more...)
- May 10, 2018
The company, which is valued at $36.62B, last published its earnings results on Monday, 04/30/2018 for the quarter that ended in Mar-18. Investors and Traders continue to monitor technical levels of shares of Marathon Petroleum Corporation ( MPC ). (more...)
Nestle is pouring billions for rights to sell Starbucks worldwide
- May 10, 2018
Nestle will also put Starbucks in grocery stores outside the US and Canada. As part of the deal, Nestle will expand its line of single-serve capsules to include Starbucks coffee and teas. Roughly 500 Starbucks employees will join Nestle, which moved it US headquarters to Arlington, Virginia, last year. The Swiss-based company announced Monday that Starbucks will receive an up-front cash payment of $7.15 billion for a business which generated annual sales of $2 billion. (more...)
- May 10, 2018
Nestle will also put Starbucks in grocery stores outside the US and Canada. As part of the deal, Nestle will expand its line of single-serve capsules to include Starbucks coffee and teas. Roughly 500 Starbucks employees will join Nestle, which moved it US headquarters to Arlington, Virginia, last year. The Swiss-based company announced Monday that Starbucks will receive an up-front cash payment of $7.15 billion for a business which generated annual sales of $2 billion. (more...)
Hot Stock to Watch: Gramercy Property Trust Inc. (GPT)
- May 10, 2018
Gramercy Property Trust a United States of America based Company, belongs to Financial sector and REIT - Diversified industry. Whereas they predicted High and Low Earnings Estimate as $0.08 and $0.03 respectively. If we look at the Volatility of Gramercy Property Trust Inc. The average true range ( ATR ) is a measure of volatility introduced by Welles Wilder in his book, New Concepts in Technical Trading Systems. (more...)
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- May 10, 2018
Gramercy Property Trust a United States of America based Company, belongs to Financial sector and REIT - Diversified industry. Whereas they predicted High and Low Earnings Estimate as $0.08 and $0.03 respectively. If we look at the Volatility of Gramercy Property Trust Inc. The average true range ( ATR ) is a measure of volatility introduced by Welles Wilder in his book, New Concepts in Technical Trading Systems. (more...)
IShares Nasdaq Biotechnology ETF (IBB) Rises 1.58% for May 9
- May 10, 2018
This represents a $0.75 dividend on an annualized basis and a yield of 2.95%. The Relative Strength Index (RSI) is a highly popular technical indicator. Emrg Mkts Edge Multifactor Ishares MSCI ETF (EMGF)'s Williams %R presently stands at -59.14. A reading from -80 to -100 would signal an oversold situation. (more...)
- May 10, 2018
This represents a $0.75 dividend on an annualized basis and a yield of 2.95%. The Relative Strength Index (RSI) is a highly popular technical indicator. Emrg Mkts Edge Multifactor Ishares MSCI ETF (EMGF)'s Williams %R presently stands at -59.14. A reading from -80 to -100 would signal an oversold situation. (more...)
West Brom relegated from Premier League, Southampton win
- May 10, 2018
Southampton's win confirmed West Brom's return to the Championship after eight seasons in the top flight, with an eighth place finish the best the Baggies managed during the 2012/13 season with Steve Clarke in charge. The Swans are now three points adrift of safety in 18th position with one league game left. In his direct message to supporters following relegation, the chief executive said: "We acknowledge that this has been a season which has tested the patience and loyalty of our fans - ... (more...)
- May 10, 2018
Southampton's win confirmed West Brom's return to the Championship after eight seasons in the top flight, with an eighth place finish the best the Baggies managed during the 2012/13 season with Steve Clarke in charge. The Swans are now three points adrift of safety in 18th position with one league game left. In his direct message to supporters following relegation, the chief executive said: "We acknowledge that this has been a season which has tested the patience and loyalty of our fans - ... (more...)
Trump seen facing rebellion from biggest Iran oil customers
- May 10, 2018
Trump also reinstated U.S. sanctions which could curtail Iran's ability to export oil, its mainstay for public revenues. Iran re-emerged as a major oil exporter two years ago after worldwide sanctions against it were lifted in return for curbs on its nuclear program, with its April exports standing above 2.6 million barrels per day. (more...)
- May 10, 2018
Trump also reinstated U.S. sanctions which could curtail Iran's ability to export oil, its mainstay for public revenues. Iran re-emerged as a major oil exporter two years ago after worldwide sanctions against it were lifted in return for curbs on its nuclear program, with its April exports standing above 2.6 million barrels per day. (more...)
US House members, legislators seek North Carolina primary wins
- May 10, 2018
Tuesday was an exciting night for Dan McCready who won the Democratic primary for North Carolina's 9th congressional district. Two Mecklenburg lawmakers were among the eight General Assembly members defeated Tuesday, and Mecklenburg sheriff Irwin Carmichael came in last in a three-man race that was a referendum on the 287 (g) immigration program. (more...)
- May 10, 2018
Tuesday was an exciting night for Dan McCready who won the Democratic primary for North Carolina's 9th congressional district. Two Mecklenburg lawmakers were among the eight General Assembly members defeated Tuesday, and Mecklenburg sheriff Irwin Carmichael came in last in a three-man race that was a referendum on the 287 (g) immigration program. (more...)
Rupee falls to lowest level in a year against US dollar
- May 10, 2018
To this end, CPI release scheduled for later this week will be viewed with interest. The RBI said it will buy Rs 10,000 crore of government bonds on May 17. Increased demand for the greenback back home added to the rupee's weakness. What is the RBI doing about it? The dollar index, which measures the USA currency's strength against major currencies, was trading at 92.746, down 0.01%, from its previous close of 92.749. (more...)
- May 10, 2018
To this end, CPI release scheduled for later this week will be viewed with interest. The RBI said it will buy Rs 10,000 crore of government bonds on May 17. Increased demand for the greenback back home added to the rupee's weakness. What is the RBI doing about it? The dollar index, which measures the USA currency's strength against major currencies, was trading at 92.746, down 0.01%, from its previous close of 92.749. (more...)
Twenty-First Century Fox, Inc: Walt Disney Co Disclosed Stake
- May 10, 2018
Liberty Mutual Group Inc Asset Management holds 0.02% of its capital in Twenty-First Century Fox, Inc . Dowling & Yahnke Llc is an investor bullish on Twenty-First Century Fox, Inc , owning 59657 shares as of Q3 2017 for 0.16% of its portfolio. (more...)
- May 10, 2018
Liberty Mutual Group Inc Asset Management holds 0.02% of its capital in Twenty-First Century Fox, Inc . Dowling & Yahnke Llc is an investor bullish on Twenty-First Century Fox, Inc , owning 59657 shares as of Q3 2017 for 0.16% of its portfolio. (more...)
Ford Halting All Production of F-Series Trucks in Wake of Fire
- May 10, 2018
Meanwhile, the automaker ended April with almost a quarter million trucks on the ground at dealerships, a high percentage were F-150 models. Ford shares closed down 1.9 percent at $11.06. Automakers use magnesium parts to cut weight in vehicles, and improve fuel economy. Fiat Chrysler said on Wednesday the fire affected production of the Chrysler Pacifica minivan in Windsor, Ontario, adding it is "adjusting production schedules as needed to minimize plant downtime (and) will make up ... (more...)
- May 10, 2018
Meanwhile, the automaker ended April with almost a quarter million trucks on the ground at dealerships, a high percentage were F-150 models. Ford shares closed down 1.9 percent at $11.06. Automakers use magnesium parts to cut weight in vehicles, and improve fuel economy. Fiat Chrysler said on Wednesday the fire affected production of the Chrysler Pacifica minivan in Windsor, Ontario, adding it is "adjusting production schedules as needed to minimize plant downtime (and) will make up ... (more...)
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Opec tightens its taps as global oil demand stalls