Markets


Thousands await power as less severe Northwest storm fizzles
- October 29, 2016

The storm produced heavy rain and wind from northern California to Washington state. A high wind warning was issued by the National Weather Service for the Greater Portland area from 11 a.m. The tornado destroyed two businesses and rendered one home uninhabitable, but no injuries were reported. The weather service's Portland office issued 10 tornado warnings on Friday versus only 13 in total between 1986 and 2015, it said on its Twitter feed. (more...)
Illegal and invalid action of Tata Sons shocked me: Cyrus Mistry Illegal and invalid action of Tata Sons shocked me: Cyrus Mistry
- October 29, 2016

Harish Salve, a long-time advisor to the Tata Group has said that Mr Mistry's decision to sell assets acquired by Mr Tata, including a vast steel operation in the United Kingdom, did not sit well with the board of the $103 billion group. Mistry also threw light on Tata's not too successful Nano project and the reason it was kept alive. The Shapoorji Pallonji Group owns 18% of Tata Sons, making it the largest shareholder. (more...)
Twitter beats revenue, user estimates as it cuts 9 percent of workforce
- October 29, 2016

The microblogging service said its user base ticked up 3 per cent to 317 million average monthly active users in the third quarter from 313 million in the second quarter. It's thought that a lot of these layoffs will be felt in Twitter's sales department as the company looks to diversify its product in things such as video streaming of events, with the Presidential Debates and National Football League games being the first prime examples of that. (more...)
Qualcomm to buy NXP for US$47bn in all-cash deal
- October 29, 2016

Semiconductor manufacturer NXP is about to become part of the global giant Qualcomm , after the acquisition was unanimously approved by both company boards. Qualcomm's shares were up 4.9 per cent at $US71.55 in afternoon trading in NY. According to Qualcomm , by 2020, the combined company will have a serviceable market estimated at $138 billion. (more...)
Past Quarters Earnings Report for Union Pacific Corporation (NYSE:UNP) Past Quarters Earnings Report for Union Pacific Corporation (NYSE:UNP)
- October 29, 2016

Analysts give AKS a mean recommendation of 3.00. After the day began at $6.50, the stock was seen hitting $6.53 as its intraday high price and $4.88 as its bottom price. The company's revenue was down 15.0% on a year-over-year basis. The EPS of company is strolling at -0.60. During the same period in the previous year, the firm posted $0.04 earnings per share. (more...)
Analysts Update Their Price Target On Phillips 66 (NYSE:PSX) Analysts Update Their Price Target On Phillips 66 (NYSE:PSX)
- October 29, 2016

Accordingly, the company shows a 8.90% EPS growth for the subsequent year and computes the EPS growth for the past five years at 46.10% *. The stock had a trading volume of 1,547,962 shares. Dimensional Fund Advisors LP now owns 5,145,924 shares of the company's stock valued at $408,293,000 after buying an additional 91,054 shares during the last quarter. (more...)
Michelle Obama joins Hillary Clinton on campaign trail for first time Michelle Obama joins Hillary Clinton on campaign trail for first time
- October 29, 2016

The Hillary Clinton campaign is playing its most important hold card in Jacksonville and South Florida next week, bringing President Barack Obama in to make the closing argument. "I want you all to take that in because I know that there are people here who didn't vote". Someone who is steady. Following her rally with Mrs. Obama, Clinton greeted students at an early voting site at University of North Carolina-Greensboro. (more...)
Aetna CEO says young people pick weekend beer over Obamacare Aetna CEO says young people pick weekend beer over Obamacare
- October 29, 2016

Citigroup Inc. (NYSE:C) went down -0.16% during trading on 10/27/2016, with the company's shares hitting the price near $49.93. Wms Prns Ltd Liability Corporation has invested 0.03% of its portfolio in Aetna Inc (NYSE:AET). (AET), so its rating change is noteworthy. The firm lowered its rating on AET from Buy to Hold. Shares of Aetna (NYSE:AET) opened at 110.83 on Friday. (more...)
Australia theme park defends safety standards after deaths Australia theme park defends safety standards after deaths
- October 29, 2016

The family of two Dreamworld ride victims say they are facing financial difficulties and are struggling to stop blaming themselves for the tragedy on the Thunder River Rapids on Tuesday. The spokesman said the park would update the public on Monday with regards to the memorial service and reopening of the park. "The ride operator in control of the Thunder River Rapids ride was an experienced operator with the competency and training to operate that ride." said Mr Davidson. (more...)
Corning posts strong gains in third quarter sales, earnings Corning posts strong gains in third quarter sales, earnings
- October 29, 2016

In other news, VP Eric S. Musser sold 56,853 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The RSI of 41.8 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now. Corning's dividend payout ratio is presently 27.84%. Several other brokerages have also recently weighed in on GLW . Zacks Investment Research cut shares of Corning from a "hold" rating to a "sell" rating in a research report on Monday, October 3rd. (more...)
FY2016 Earnings Estimate for General Motors Co. (GM) Issued By Craig Hallum
- October 29, 2016

North Star Investment Management Corp. now owns 4,602 shares of the auto manufacturer's stock valued at $130,000 after buying an additional 4,096 shares in the last quarter. The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Wednesday, December 7th will be given a dividend of $0.38 per share. (more...)
Uber Drivers Can Demand Employee Rights, Rules British Tribunal Uber Drivers Can Demand Employee Rights, Rules British Tribunal
- October 29, 2016

He said it will drive debate on how to regulate new forms of contracting work. Last year Citizens Advice found that as many as 460,000 workers, or 10 per cent of the UK's 4.8 million self-employed workforce, may be wrongly categorised as self-employed. (more...)
Arris Group Inc. (ARRS) Releases Q4 Earnings Guidance
- October 29, 2016

The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 1.3%. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.70 by $0.07. (more...)
US elections: Facebook wants to help US voters to decide US elections: Facebook wants to help US voters to decide
- October 29, 2016

The social networking company has enlisted the help of the nonpartisan Center for Technology and Civic Life to ensure that every voter in the country will have a ballot specific to them and that it's available on any device. Facebook will show users information about the presidential candidates as well as candidates for statewide races. You can find the voter guide on Facebook here. (more...)
The Great British Bake Off reaches record audience The Great British Bake Off reaches record audience
- October 29, 2016

She has published two books - Nadiya's Kitchen and Nadiya's Bake Me A Story - and was even chosen by Buckingham Palace to bake the Queen's 90th birthday cake. "So many students love watching the Bake Off and hopefully this competition will leave them feeling even more inspired". "It got very emotional, and at one stage the tent was completely empty apart from me, Andrew and Jane just chatting". (more...)
AutoNation to sell its own parts, add used vehicle centres AutoNation to sell its own parts, add used vehicle centres
- October 29, 2016

New-car retail sales run about 15 million per year, while used vehicle sales are about 40 million, he said. The Automotive News further reports that AutoNation will also offer a no-haggle pricing on all used vehicles. "We expect that our investments in this next phase of the company's brand extension rollout, which may exceed $500 million in the aggregate, will continue for the next several years", Jackson continued. (more...)
Cheesecake Factory's Sales Rise Nearly 2 Percent in 3Q
- October 29, 2016

Wunderlich maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Thursday, July 23. Canaccord Genuity initiated coverage on The Cheesecake Factory in a report on Monday, August 22nd. Jefferies Group analyst A. Barish now anticipates that the brokerage will earn $2.82 per share for the year, up from their previous forecast of $2.72. (more...)
Samsung Q3 Operating Profit Plunges due to Note7 Debacle
- October 29, 2016

South Korean phone maker Samsung has seen its profit fell 30 percent between July and September 2016, after the Galaxy Note 7 recalls , which failure has been so damaging to he company┬┤s reputation that users have lost trust in it. Samsung this week reported a 96 percent decline in year-to-year profit. The operating profits of Samsung Electronics' Consumer Electronics division, which makes TV and home appliances, amounted to 770 billion won (US$672.78 million). (more...)
United Kingdom approves new Heathrow airport runway
- October 29, 2016

Ministers are usually expected to follow collective cabinet responsibility, which would stop Johnson and Greening protesting the decision. "Following the Government's catastrophic Heathrow announcement, I will be meeting my constituents later today (Tuesday) before making a statement", Goldsmith tweeted. (more...)
Albert D Mason Inc buys $4889201 stake in Toronto-Dominion Bank (TD) Albert D Mason Inc buys $4889201 stake in Toronto-Dominion Bank (TD)
- October 29, 2016

The company has an average rating of "Buy" and an average target price of $57.81. The stock has a consensus rating of "Buy" and a consensus target price of $57.81. The difference between Actual EPS and Estimated EPS was $0.06/share. The company had revenue of $8701.00 million for the quarter, compared to analysts expectations of $8082.08 million. (more...)

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