Markets


Twitter confirms job losses in a bid to staunch financial losses Twitter confirms job losses in a bid to staunch financial losses
- October 28, 2016

Despite the revenue growth, the company recently failed to find an acquirer as Salesforce, Disney and Google's parent company Alphabet all walked away from the table. "The key drivers of future revenue growth are trending positive , and we remain confident in Twitter's future". "This strategy is working", Dorsey said, claiming that Twitter "hit an inflection point" in the second quarter. (more...)
Ratan Tata Asks Group's Heads To Go About Business As Usual
- October 28, 2016

Yesterday, in a mail to the board Mistry expressed utter shock on his ouster stating that the "board has not covered itself with glory" and that he was not given "a chance to defend" himself. Cyrus Mistry's removal from the post as head of Tata Motors was shocking to the entire automotive fraternity. "This will be for a short time. If there is any change, they will be discussed with you", Tata, 78, told the top executives of the $100 billion conglomerate. (more...)
Police advance slowly on oil pipeline protest camp
- October 28, 2016

Highway 1806 has been shut down in both directions by hundreds of people protesting the Dakota Access Pipeline construction, Morton County Sheriff's spokeswoman Donnell Preskey tells CNN. Two helicopters and a fixed-wing airplane monitored the operation from the air. The operation to push out the protesters began a day after they had refused to leave voluntarily. (more...)
Social Security increase works out to $5 a month
- October 28, 2016

Today's announcement follows a zero 2016 COLA. For employers and employees, the Medicare payroll tax rate is a matching 1.45 percent on all earnings, bringing the total Social Security and Medicare payroll withholding rate for employers and employees to 7.65 percent each-with only the Social Security portion (6.2 percent) limited to the $127,200 taxable-maximum amount. (more...)
Ohio To Suspend Business Relationship With Wells Fargo
- October 28, 2016

Wells Fargo & Co makes up approx 1.41% of Perkins Coie Trust Co's portfolio.Jacobs Coca reduced its stake in WFC by selling 98 shares or 0.67% in the most recent quarter. "We had serious problems in our retail bank where products became the focus rather than relationships without customers", Sloan said. Wells reported a drop in what it calls banker and teller "interactions" in September from both a year ago and from August. (more...)
Asian shares mixed as dollar gains against yen, China yuan Asian shares mixed as dollar gains against yen, China yuan
- October 28, 2016

Nintendo's president, Tatsumi Kimishima, said that earnings from affiliates in the most recent financial quarter totaled 12 billion yen, most of which came from Pokemon-related businesses. It rose 54 cents to $49,72 a barrel on Thursday. The major European markets ended mixed on Thursday. WALL STREET: The Dow Jones industrial average fell 29.65 points, or 0.2 percent, to 18,169.68. (more...)
Caddie cashes in on McIlroy FedEx Cup win
- October 28, 2016

McIlroy was asked why Woods found so much success in these events. A year ago he held off the challenge of Andy Sullivan and his vociferous support to emerge victorious in Dubai and end the season as the European Tour's No. On Tuesday's Morning Drive , Golf Channel's Tim Rosaforte confirmed that Rory McIlroy has been practicing with a TaylorMade M2 driver and fairway wood at the World Golf Championships-HSBC Champions in Shanghai. (more...)
Nintendo president hints of new hardware plans for Switch console
- October 28, 2016

Demonstrating touchscreen on it may likely suggest a continuation of the two brands instead of a totally brand new device. While the Nintendo Switch trailer did build up a lot of hype, it also left many questions unanswered. Eurogamer also says that the right-hand Joy-Con controller comes with a short-range IR (infrared) sensor. However, there are more options in the works that will enhance your experience with Switch. (more...)
Novo Nordisk takes beating after slashing full-year growth Novo Nordisk takes beating after slashing full-year growth
- October 28, 2016

The Mean EPS forecast of 11 analysts for Next Quarter is set at $0.63. A research note issued on 9/1/16 the stock was downgraded by Morgan Stanley from Overweight to Equal-Weight. Novo Nordisk A/S got Initiated on 23-Sep-16 where investment firm Piper Jaffray Initiated the stock to Neutral. CMCSA market capitalization is 153.83B with beta of 1.07. (more...)
Apple Unveils New MacBook Pro With Touch Bar
- October 28, 2016

The new Macs will also offer a dedicated key for the Siri voice assistant, a feature added with the MacOS Sierra update last month. In celebration of the 25 anniversary of Apple's first notebook launch, the new MacBook Pro was just revealed. (more...)
All Tesla cars will be self-driving All Tesla cars will be self-driving
- October 28, 2016

Musk said it will be twice as safe as a human driver. Tesla also promises new features for models equipped with Hardware 2, but earlier models with the first-gen system will be out of luck. All Telsa cars produced from now on will have full self-driving capabilities, even if the functionality is not enabled. Tesla now has an autopilot feature within its models, though the feature is now considered a Level 3, requiring the support of the driver when needed. (more...)
Phone scammers bilked more than $800K from Arizona victims
- October 28, 2016

Twenty people were arrested in the United States on Thursday, while 32 individuals and five call centers in India have been charged, the department said in a statement . Though the calls would appear to be obviously bogus, officials say savvy and successful individuals have nonetheless been duped. "Even if your caller ID says, as it did in many of these instances, "US government, ' 'IRS" or some other government agency, it is not the United States government; it is a scam", she said. (more...)
United Kingdom economy grows 0.5 per cent after Brexit, proving fear-mongers WRONG
- October 28, 2016

Chancellor Philip Hammond said the results show the British economy's "resilience". The central bank is due to decide next week whether to cut interest rates further below their all-time low of 0.25 percent, something it hinted at last month. (more...)
U.S. charges dozens in India-based call center fraud racket U.S. charges dozens in India-based call center fraud racket
- October 28, 2016

According to the indictment , these operators then threatened potential victims with arrest, imprisonment, fines or deportation if they did not pay taxes or penalties to the government. The Justice Department is announcing charges in connection with a call center operation said to be based in India. "U.S. government agencies do not make these types of calls". (more...)
Broncos RB CJ Anderson has right knee injury
- October 28, 2016

Ting is a renowned sports surgeon whose clientele includes the likes of Barry Bonds and Alfred Williams. Anderson hurt it on an 11-yard run on the final play of the first quarter Monday night against Houston but returned to the game and ran 14 more times for 84 yards to spark Denver's 27-9 win. (more...)
Mortgage applications fall in latest survey
- October 28, 2016

The survey recorded that applications decreased 4.1% from one week earlier. The prior week included an adjustment for the Columbus Day holiday. Interest rates on 30-year fixed-rate mortgages, which are the most widely held type of US home loans, averaged 3.71 percent, down 2 basis points from the latest week, MBA said. (more...)
Air Products & Chemicals revenue and profit rise
- October 28, 2016

Trexlertown's Air Products operates on an October 1 to September 30 fiscal year. Several equities research analysts have weighed in on APD shares. Zacks Investment Research cut Air Products and Chemicals from a "hold" rating to a "sell" rating in a research report on Monday, July 4th. (more...)
Boeing beats Street 3Q forecasts Boeing beats Street 3Q forecasts
- October 28, 2016

The company covers about 775,000 people on the exchanges. Several insurers have scaled back their participation, and many that remain are seeking premium hikes of 20 percent or more. Analysts project $8.06 per share. For all of 2016, the company expects an effective tax rate of 14 percent, down from 23 percent a year ago. DuPont shares have climbed slightly more than 5 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 5 percent. (more...)
Heathrow Airport expansion: Boris Johnson free to protest against third runway
- October 28, 2016

The Economic and Industrial Strategy (Airports) Sub-Committee which is due to meet next week to consider the Davies Commission recommendations is chaired by Mrs May, whose Maidenhead seat in Berkshire is close to Heathrow. That means that once an announcement in favor of Heathrow or Gatwick is made, the priority will be to spend the next 12 months drafting a national policy statement on airports encapsulating that decision, Grayling said. (more...)
Revenue Update on Exelon Corporation(NYSE:EXC)
- October 28, 2016

In the research note, the firm Raises the price-target to $39.00 per share. JPMorgan Chase & Co. lowered their target price on Exelon Corp. from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday, August 16th. (more...)

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