Markets


Ericsson appoints new CEO amid decline in networks industry Ericsson appoints new CEO amid decline in networks industry
- October 26, 2016

Ericsson Chairman Leif Johansson said Ekholm has "a solid understanding of both the technology and business implications of the ongoing convergence of telecoms, IT and media", as well as Ericsson's own "challenges and opportunities", after serving on the company's board for ten years. (more...)
Apple sales up in India, Reliance Jio to boost iPhone experience: Cook
- October 26, 2016

During the previous three months Apple sold 45.5 million iPhones, which was a decrease of 5 percent on the 48m handsets it sold during the same period past year. The Silicon Valley tech giant is forecasting a return to growth in iPhone sales this winter, after a rare slump that dropped a wet blanket on Apple's revenue and stock performance over the last three quarters. (more...)
Cameroon rescuers search for bodies after train crash Cameroon rescuers search for bodies after train crash
- October 26, 2016

President Paul Biya expressed heartfelt condolences to the families of those affected. An investigation is underway to determine the cause of the derailment, the President's office said in a statement on Facebook . It also said that some of the injured were being transported to a local hospital and others were taken to Douala. People gather near Friday's train crash in Eseka, Cameroon, Saturday, Oct. (more...)
Chinese firm admits its hacked products were behind Friday's massive DDOS attack
- October 26, 2016

But this function was disrupted on Friday when hackers launched a distributed denial of service (DDoS) attack on DNS servers. "(We) have to admit that our products also suffered from hacker's break-in and illegal use". Dyn said that numerous internet protocol addresses flooding their service with requests in the attack, known as a distributed denial of service attack, were associated with the Mirai botnet, a network of internet of things devices that have been taken over by malicious software. (more...)
Tata companies must focus on market position, says Ratan Tata Tata companies must focus on market position, says Ratan Tata
- October 26, 2016

The company added that a public statement would be made as and when it would be necessary. Some reports suggested the Shapoorji Pallonji group was also filing caveats, but a spokesperson indicated otherwise. News reports quoted Mistry's e-mail where he said, "The board has not covered itself with glory". One of the Tata Trusts spokesperson said that it was chose to change the chairman on the recommendation of the principal shareholder. (more...)
Cubs-Indians, Game 1
- October 26, 2016

One last checkup later, the guy who blasted a club-record five home runs during the 2015 playoffs found himself on the World Series roster, giving the Cubs another powerful left-handed bat and making Chicago reliever Pedro Strop's prediction come true. (more...)
Lloyds sets aside another £1bn for PPI compensation claims
- October 26, 2016

In its third quarter interim management statement published today (26 October) the bank reported underlying profit of £6.1bn, against 2014's figure of £6.4bn, representing a fall of £0.3bn. The latest provision takes the total set aside by Lloyds for PPI to a staggering £17 billion, which is getting close to the £20 billion tax payers paid to bail out the bank in 2009. (more...)
Financial watchdog to investigate plans to focus on 'vulnerable consumers' Financial watchdog to investigate plans to focus on 'vulnerable consumers'
- October 26, 2016

Britain's financial markets watchdog launched a public consultation on Wednesday asking how far it should go in seeking to protect consumers from market risks in resetting its " mission " and drawing a line under a "very sorry history" of mis-selling scandals that have cost banks billions of pounds. (more...)
Revenue Update on Precision Drilling Corp (USA)(NYSE:PDS) Revenue Update on Precision Drilling Corp (USA)(NYSE:PDS)
- October 26, 2016

Scotiabank restated an "underperform" rating and set a $6.00 price target (up previously from $3.50) on shares of Precision Drilling Corp.in a report on Tuesday, July 19th. Credit Suisse maintained Precision Drilling Corp (USA) (NYSE:PDS) on Friday, September 4 with "Neutral" rating. Creative Planning increased its position in Precision Drilling Corp.by 326.0% in the third quarter. (more...)
Indian banks need to adopt state-of-the-art encryption to safeguard consumers' data Indian banks need to adopt state-of-the-art encryption to safeguard consumers' data
- October 26, 2016

Pray, how many Nigerians earn N25m annually, and is it conceivable that such people would carelessly spend their total income on overseas travel and shopping expenses, without regard to other essential living expenses? Bhasin said that customers using only the SBI ATMs are not affected. (more...)
Ruling stocks in today's market: The Walt Disney Company (:DIS) Ruling stocks in today's market: The Walt Disney Company (:DIS)
- October 26, 2016

Shares were Reiterated by Pivotal Research Group on Aug 10, 2016 to "Buy" and Lowered the Price Target to $ 118 from a previous price target of $122. Taking this into consideration, some analysts are speculating whether Walt Disney might have to consider meaningful mergers and acquisitions (M&As) as well in order to maintain its current position in the broad industry. (more...)
What to Expect When Comcast (CMCSA) Reports Q3 Results What to Expect When Comcast (CMCSA) Reports Q3 Results
- October 26, 2016

Investors that wish to listen to the company's conference call can do so using this link . Return on Equity (ROE) stands at 15.5% and Return on Investment (ROI) displays a value of 10.5%. The disclosure for this sale can be found here. Macquarie advised their investors in a research report released on Oct 24, 2016. Valley National Advisers Inc. (more...)
Volkswagen Reaches Record Settlement Over Emissions 'Cheat Devices'
- October 26, 2016

The FTC also issued a new consumer blog post titled " VW Buybacks and Lease Terminations to Begin ", which provides additional background information on the Volkswagen settlement order , along with detailed instructions for affected owners regarding how and where to file a claim, and the claim-processing timetable. (more...)
Lockheed stock rises on earnings, but MFC segment shows decrease Lockheed stock rises on earnings, but MFC segment shows decrease
- October 26, 2016

The stock's 50 day moving average is $238.27 and its 200 day moving average is $242.74. On a conference call, Lockheed's chief executive officer Marillyn Hewson said the company is now aiming to generate more than 30 percent of its revenue from global sales in the next few years, led by the F-35 and missile defense programs. (more...)
Airbus Group 9-Month Profit, Orders Down, Revenues Flat; Backs FY Outlook
- October 26, 2016

Problems involving Pratt & Whitney engines have also curbed deliveries of the Neo upgrade of the single-aisle A320, prompting Airbus to build more examples of the original plane. The company said it's still working on "transformation measures" for the unit, which it has said is likely to suffer job cuts. The financing, which affects 6 per cent of deliveries, was withdrawn in April in a row over transparency on the use of middlemen which triggered a United Kingdom corruption probe. (more...)
Pandora slips 7.6% on missed results, downside guidance Pandora slips 7.6% on missed results, downside guidance
- October 26, 2016

Over all, for the third quarter, Pandora narrowed its loss to $61.5 million, or 27 cents a share, from a loss of $84.9 million, or 40 cents a share, a year earlier. Apple Music and Spotify offer monthly plans starting at $9.99. Advertising revenues increased 7 percent year on year to United States dollars 273.7 million, while ticketing service revenues grew 25 percent to USD 22.1 million. (more...)
Most see a Clinton victory and a fair count ahead
- October 26, 2016

Patrick Murphy, who is looking to unseat Sen. She said that refusal threatens traditions as old as the country. Almost 300,000 Florida voters showed up for the first day of in-person early voting on Monday, while more than 1.6 million Floridians have voted so far. (more...)
Axis Bank stocks plunge over 8% on weak Q2 results
- October 26, 2016

The increase was chiefly because Rs 7, 288 crore worth of assets from the bank's watch list went bad in the three months. Net NPAs were at 5.03% in the September quarter compared to 5.04% in the previous quarter and 2.37% in the same quarter past year. (more...)
Spelthorne Borough Council welcomes backing of third runway at Heathrow Spelthorne Borough Council welcomes backing of third runway at Heathrow
- October 26, 2016

Mr Goldsmith warned that the decision would be a "millstone" around the government's neck and declared the plan "undeliverable". "The government today announced its support for a new runway at Heathrow - the first full length runway in the southeast since the Second World War", an official statement said after a cabinet meeting. (more...)
SunTrust Banks, Inc.'s (STI)
- October 26, 2016

The company pays a US$0.26-cent-per-share quarterly dividend, giving it a 2.29% yield. CENTRAL TRUST Co increased its stake in shares of SunTrust Banks by 6.1% in the third quarter. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.15 billion. SunTrust Banks had a return on equity of 8.53% and a net margin of 22.31%. (more...)

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