Markets

Spectra Energy Corp (NYSE:SE), Gap Inc (NYSE:GPS)
- October 26, 2016

After $0.73 actual earnings per share reported by Spectra Energy Partners, LP for the previous quarter, Wall Street now forecasts 9.59% EPS growth. A number of other research analysts also recently commented on the stock. (NYSE: DVN ) last posted its quarterly earnings data on Tuesday, August 2nd. Devon Energy Corporation's P/E ratio now stands at *TBA, while the P/S ratio is at 2.03 and the potential growth rate of earnings per share this year is at -998.30%. (more...)

Manchester United v Manchester City
- October 26, 2016

Then there's Chelsea. Last Sunday's win confirmed that the Blues have turned a corner. But Conte has refused to be drawn further on the matter and claims his focus is now exclusively on his side's EFL Cup clash with West Ham tomorrow night (7.45pm). (more...)

Caterpillar 3Q Earnings Slide, But Exceed Analysts' Expectations
- October 26, 2016

Caterpillar Inc. Farm & Construction Machinery has a PEG of 8.47 alongside a PS value of 1.21 and a PB value of 3.31. Goldman is following shares of Caterpillar Inc. On average, equities research analysts anticipate that Caterpillar Inc. will post $3.50 EPS for the current fiscal year. The ex-dividend date is Thursday, October 20th. (more...)

Express Scripts Holding Company's (ESRX): Notable Runner
- October 26, 2016

Allen Investment Management Llc is a New York-based hedge fund with more than $2.32 billion AUM in January, 2015. Zacks Investment Research lowered Express Scripts Holding from a "buy" rating to a "hold" rating in a research note on Wednesday, October 19th. (more...)

Stokes leads England win over Bangladesh
- October 26, 2016

Bangladesh began the day needing just 33 runs with two wickets remaining to clinch what could have been their maiden Test victory over England . Taijul Islam (16) notched the first boundary of the morning three balls into the second over, gloving an attempted hook off Stokes over Jonny Bairstow to the delight of the few raucous home fans in the stadium. (more...)

Ebola Nurse Nina Pham Settles Lawsuit with Dallas Hospital
- October 26, 2016

With Pham's lawsuit settled, Texas Health Resources' legal attentions turn to a lawsuit filed earlier this month by Coming Attractions, an OH bridal shop. Pham claimed the hospital used her as a "public relations pawn" to improve its plummeting image. In her lawsuit, Pham asked for unspecified damages for physical pain and mental anguish, medical expenses, and the loss of future earnings. (more...)

Kathleen Kane Sentenced to Prison For Grand Jury Leak
- October 26, 2016

But for more than a year leading up to her trial, Kane claimed there was an " old boys network " trying to cover up pornography sent to and from the attorney's general's office before and after she took office in 2013. Former deputy Clarke Madden said the cloud permeated every corner of the office, as victims, witnesses and other law enforcement agencies feared working with them. (more...)

Shoppers Drug Mart applies for medical marijuana production license
- October 26, 2016

Earlier this year, the Straight reported that Shoppers Drug Mart and London Drugs were considering selling medical marijuana at in-store pharmacies. Canada's second-wealthiest man wants in on the medical-marijuana business. "We're an industry that is extremely effective at managing controlled substances", Loblaws CEO Galen G. (more...)

American Express Beats Expectations and Boosts Guidance
- October 26, 2016

Heritage Investors Management Corp scooped up 7,951 additional shares in American Express Company during the most recent quarter end, the firm said in a disclosure report filed with the SEC on Oct 21, 2016. Return on equity ( ROE ) was noted as 25.80% while return on investment ( ROI ) was 4.00%. Over the last 3 months and over the last 6 months, the shares of American Express Company (AXP ), have changed 5.24% and 3.56%, respectively. (more...)

Sprint Corp (S) Beats Consensus Estimates, Stock Slides 7.59% Anyway
- October 26, 2016

USA mobile network challenger Sprint has narrowed its losses in its latest quarter thanks to higher revenue from more customers. This is better than the losses per share of 15 cents that it reported during the same time previous year. Sprint persists to enhance the cost structure of the business, grasping above $1.1 billion of year-to-date lowering in cost of services and selling, general and administrative (SG&A) costs, with nearly $600 million of the lowering coming in the fiscal Q2. (more...)

Fiat Chrysler beats on third-quarter earnings
- October 26, 2016

Adjusted operating profit, which strips out one-time items, rose 29% to EUR1.5 billion. Full-year adjusted earnings before interest and taxes are expected to increase to at least 5.8 billion euros ($6.3 billion), compared with a July prediction of more than 5.5 billion euros, the Italian-American carmaker said in a statement on Tuesday. (more...)

AT&T Set To Take Over Time Warner for Close to $86bn
- October 25, 2016

The deal would likely have to be approved by a constellation of federal agencies, including the Department of Justice and the Federal Communications Commission. The venerable phone company, whose roots trace back to Alexander Graham Bell, has to contend with slowing growth in wireless services, given that most Americans already have smartphones. (more...)

Banks "preparing to move out of United Kingdom by next year"
- October 25, 2016

Without identifying any banks by name, he said lenders can't wait until the last minute and have to "plan for the worst", especially because "public and political debate at the moment is taking us in the wrong direction". The Department for Exiting the European Union and HM Treasury are leading work considering options for the future relationship between the United Kingdom and the EU in the areas of financial services and have the resources required to get the best deal for the UK. (more...)

European Central Bank keeps interest rates at record lows
- October 25, 2016

There is the possibility that the European Central Bank will look to start a very gradual tapering process from March, especially if the inflation dynamics are more favourable. It also held the rate on its marginal lending facility unchanged at 0.25 percent and the rate on the deposit facility steady at minus 0.40 percent - meaning banks have to pay to park their excess cash with the ECB. (more...)

Indian business giant Tata Sons removes chairman Mistry
- October 25, 2016

The Board apparently responded to Mistry that they have a "legal opinion" in support of the decision and when Mistry asked to see the opinion, the Board reportedly responded that the meeting wasn't a "court hearing". The left is with small other group of companies which is 15.5%. Cyrus Mistry had the lead among probables, including Noel Tata, Ratan Tata's half brother and chairman of Trent, the group's retail arm. (more...)

British American Tobacco offers £38bn for Reynolds American
- October 25, 2016

The bid comes 12 years after BAT folded its Brown & Williamson business - upon which the 1999 film The Insider was based - in the United States into Reynolds in exchange for a large minority stake in a combined entity that could better compete with Altria , the maker of Marlboro brand cigarettes formerly known as Philip Morris. (more...)

Tata Group stocks fall after sudden removal of Cyrus Mistry
- October 25, 2016

The board's decision for a rejig at the top management, however, left CEOs of individual companies unchanged. On Monday, Tata Group announced ouster of Cyrus Mistry from the post of Chairman of Tata Sons Limited with immediate effect. But it also described him as being "dangerously content just to sit atop what has grown into an impressive but lumbering pachyderm". Sundeep Khanna, writing for the Livemint , suggests Mistry's hammer blow to Tata's troubled steel business in United ... (more...)

Ratan Tata Back As Tata Sons Chief; Cyrus Mistry Removed
- October 25, 2016

The board named a five-member search committee, which includes Tata , to choose a successor to Mistry within four months. Indra Nooyi of Pepsi, Arun Sarin, former Vodafone CEO, Noel Tata of Tata International, N Chandrasekaran, TCS CEO, Ishaat Hussain and B. (more...)

Cyrus Mistry out, Ratan Tata in
- October 25, 2016

The ouster of Cyrus Mistry from the helm of Tata Group may add a twist to the chequered relation the group has with Bengal and the Mamata Banerjee-government as the development comes within two months of the Supreme Court verdict that quashed the Tatas' claim on Singur land. (more...)

AT&T set to announce $85 billion Time Warner purchase
- October 25, 2016

After its attempt to buy wireless competitor T-Mobile was scrapped in 2011 following opposition from regulators, the company doubled down on television by purchasing satellite-TV company DirecTV for $48.5 billion. Representatives of AT&T and Time Warner declined to comment. Another possibility is that AT&T could include Time Warner shows in zero-rating plans, where a company's own content isn't counted in data plans. (more...)