Markets
Target says holiday sales came in lower than expected
- January 18, 2017
Target said transactions were flat compared with past year, as digital transaction growth of more than 30 percent was offset by a 1.7 percent decline in comparable store transactions. "A bright spot for Target continues to be its online business, with year-over-year growth for the season of over 30% likely to set the bar for brick-and-mortar retailers". (more...)
- January 18, 2017
Target said transactions were flat compared with past year, as digital transaction growth of more than 30 percent was offset by a 1.7 percent decline in comparable store transactions. "A bright spot for Target continues to be its online business, with year-over-year growth for the season of over 30% likely to set the bar for brick-and-mortar retailers". (more...)
Price Target Analysis: Cliffs Natural Resources Inc. (NYSE:CLF)
- January 18, 2017
Wells Fargo & Company reaffirmed an "outperform" rating on shares of Canadian Natural Resources Limited in a report on Saturday. Confluence Investment Management LLC raised its stake in shares of Pioneer Natural Resources Company by 19.2% in the second quarter. (more...)
- January 18, 2017
Wells Fargo & Company reaffirmed an "outperform" rating on shares of Canadian Natural Resources Limited in a report on Saturday. Confluence Investment Management LLC raised its stake in shares of Pioneer Natural Resources Company by 19.2% in the second quarter. (more...)
Exxon boosts Permian basin holding in deal worth up to $6.6 billion
- January 18, 2017
Woods, Exxon Mobil chairman and chief executive officer, said in a prepared statement . The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . (NYSE:JPM) has a mean revenue estimate for the ongoing quarter ending Dec 16 of $23.95B, according to 23 analysts. The Return on Equity (ROE) value stands at 5.2%. (more...)
- January 18, 2017
Woods, Exxon Mobil chairman and chief executive officer, said in a prepared statement . The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . (NYSE:JPM) has a mean revenue estimate for the ongoing quarter ending Dec 16 of $23.95B, according to 23 analysts. The Return on Equity (ROE) value stands at 5.2%. (more...)
Goldman Sachs Earnings Boosted by Lower Litigation Expenses
- January 18, 2017
Net revenue from fixed income, currency and commodities trading jumped 78% from the fourth quarter a year ago to $2 billion, while Institutional Client Services revenue of $3.6 billion increased 25%. "After a challenging first half, the firm performed well for the remainder of the year as the operating environment improved", Goldman Sachs Chairman and CEO Lloyd Blankfein said in a statement. (more...)
- January 18, 2017
Net revenue from fixed income, currency and commodities trading jumped 78% from the fourth quarter a year ago to $2 billion, while Institutional Client Services revenue of $3.6 billion increased 25%. "After a challenging first half, the firm performed well for the remainder of the year as the operating environment improved", Goldman Sachs Chairman and CEO Lloyd Blankfein said in a statement. (more...)
Citigroup Joins Roster of Big-Bank Profit Beats Amid Trading Surge
- January 18, 2017
The bank was expected to post fourth-quarter earnings of $1.12 a share on revenue of $17.3 billion, according to the consensus of analysts polled by Reuters. But the protectionist tone of Mr. Trump's campaign also has raised concerns about Citigroup's business model, where a key strategy is moving money around the world for governments and global businesses. (more...)
- January 18, 2017
The bank was expected to post fourth-quarter earnings of $1.12 a share on revenue of $17.3 billion, according to the consensus of analysts polled by Reuters. But the protectionist tone of Mr. Trump's campaign also has raised concerns about Citigroup's business model, where a key strategy is moving money around the world for governments and global businesses. (more...)
Tensions flare between Trump and Beijing over one-China policy
- January 18, 2017
Her US stopovers are being closely watched with speculation that she may make contact with Trump and his team. Better for China to hit back with force, shutting down its embassy in Washington before pursuing more dramatic options, said Shen Dingli, vice dean of the Institute of International Affairs at Fudan University. (more...)
- January 18, 2017
Her US stopovers are being closely watched with speculation that she may make contact with Trump and his team. Better for China to hit back with force, shutting down its embassy in Washington before pursuing more dramatic options, said Shen Dingli, vice dean of the Institute of International Affairs at Fudan University. (more...)
Kevin O'Leary to join Conservative leadership bid
- January 18, 2017
Mr. O'Leary said the Conservative Party needs a candidate "who can beat Justin Trudeau and bring back jobs to this country". In a Facebook video, O'Leary thanked the "40,000 of you...that encouraged" him to run. Those already in the race faced off in a French-language debate Tuesday night that often saw Bernier the target of his rivals. "Canadians are looking for a prime minister who is not a career politician; a prime minister who will fight for them, and is not afraid to tell them how it ... (more...)
- January 18, 2017
Mr. O'Leary said the Conservative Party needs a candidate "who can beat Justin Trudeau and bring back jobs to this country". In a Facebook video, O'Leary thanked the "40,000 of you...that encouraged" him to run. Those already in the race faced off in a French-language debate Tuesday night that often saw Bernier the target of his rivals. "Canadians are looking for a prime minister who is not a career politician; a prime minister who will fight for them, and is not afraid to tell them how it ... (more...)
Hyderabad identifies as world's 5th most dynamic city
- January 18, 2017
Despite challenges and a world of heightened risk, the 2017 edition of JLL's CMI highlights remarkable dynamism in major global cities, many of which are consistently outperforming their national economies. Nairobi (in the 10th spot), emerged as the top performer in Africa by a significant margin. Figure Showing The World's Top 30 Dynamic Cities With Bengaluru/Bangalore In Lead. (more...)
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- January 18, 2017
Despite challenges and a world of heightened risk, the 2017 edition of JLL's CMI highlights remarkable dynamism in major global cities, many of which are consistently outperforming their national economies. Nairobi (in the 10th spot), emerged as the top performer in Africa by a significant margin. Figure Showing The World's Top 30 Dynamic Cities With Bengaluru/Bangalore In Lead. (more...)
Rating and Recommendation Roundup: JPMorgan Chase & Co. (NYSE:JPM)
- January 18, 2017
Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider's stock valued at $14,269,618,000 after buying an additional 4,692,609 shares during the period. WARNING: This report was first reported by Community Financial News and is owned by of Community Financial News. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider's stock valued at $134,000 after buying an additional 200 shares in the last quarter. (more...)
- January 18, 2017
Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider's stock valued at $14,269,618,000 after buying an additional 4,692,609 shares during the period. WARNING: This report was first reported by Community Financial News and is owned by of Community Financial News. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider's stock valued at $134,000 after buying an additional 200 shares in the last quarter. (more...)
Goldman Sachs Q4 Earnings Surge, Beating Expectations
- January 18, 2017
Goldman Sachs Group Inc ( NYSE:GS ) reported fourth-quarter (4Q) earnings of $5.08 per share and revenues of $8.17 billion, topping estimates for $4.82 and$7.72B, respectively. Overall, Goldman's trading division generated $3.6 billion in revenues, led by a surge in fixed income trading due to increased activity in credit and interest rate products. (more...)
- January 18, 2017
Goldman Sachs Group Inc ( NYSE:GS ) reported fourth-quarter (4Q) earnings of $5.08 per share and revenues of $8.17 billion, topping estimates for $4.82 and$7.72B, respectively. Overall, Goldman's trading division generated $3.6 billion in revenues, led by a surge in fixed income trading due to increased activity in credit and interest rate products. (more...)
Burberry share price little changed as group posts 'exceptional' United Kingdom performance
- January 18, 2017
For the three months to December 31, 2016, Burberry retail sales of 735 million pounds (907 million dollars) improved 4 percent underlying and 22 percent at reported FX. Burberry managed to entice foreign shoppers to the United Kingdom in the run-up to Christmas as the weak pound helped bring in sales. Burberry Group plc (BURBY) said Wednesday that group revenue rose more than 20% on a reported currency basis in the three months ending in December but made no changes to its outlook for ... (more...)
- January 18, 2017
For the three months to December 31, 2016, Burberry retail sales of 735 million pounds (907 million dollars) improved 4 percent underlying and 22 percent at reported FX. Burberry managed to entice foreign shoppers to the United Kingdom in the run-up to Christmas as the weak pound helped bring in sales. Burberry Group plc (BURBY) said Wednesday that group revenue rose more than 20% on a reported currency basis in the three months ending in December but made no changes to its outlook for ... (more...)
Demonetisation talks began in early 2016: Urjit Patel
- January 18, 2017
Sources on the Standing Committee of Finance, which had summoned Mr Patel today, said that in particular, Dr Singh jettisoned a question raised by an MP from his party, the Congress, about whether "chaos" would break out if the existing restrictions on cash withdrawals are removed. (more...)
- January 18, 2017
Sources on the Standing Committee of Finance, which had summoned Mr Patel today, said that in particular, Dr Singh jettisoned a question raised by an MP from his party, the Congress, about whether "chaos" would break out if the existing restrictions on cash withdrawals are removed. (more...)
EE slapped with £2.7 million fine for overcharging 40000 customers
- January 18, 2017
Owned by BT, the phone provider incorrectly charged customers who called the EE customer service number "150" while roaming in the EU. A series of mistakes meant they were charged £1.20 per minute for calling its 150 customer support number, instead of the standard 19p rate. (more...)
- January 18, 2017
Owned by BT, the phone provider incorrectly charged customers who called the EE customer service number "150" while roaming in the EU. A series of mistakes meant they were charged £1.20 per minute for calling its 150 customer support number, instead of the standard 19p rate. (more...)
Baldwin: 'Pretty Tough' Questions Of DeVos Coming In Confirmation Hearing
- January 18, 2017
But Sen. Patty Murray of Washington state, the top Democrat on the committee, said she was "extremely disappointed" that DeVos has not yet finalized her financial and ethics disclosures ahead of the hearing. Some civil rights groups have anxious what DeVos' prior donations to conservative groups, including a Christian organization called Focus on the Family, mean for LGBT and other minority students, The Chicago Tribune reported . (more...)
- January 18, 2017
But Sen. Patty Murray of Washington state, the top Democrat on the committee, said she was "extremely disappointed" that DeVos has not yet finalized her financial and ethics disclosures ahead of the hearing. Some civil rights groups have anxious what DeVos' prior donations to conservative groups, including a Christian organization called Focus on the Family, mean for LGBT and other minority students, The Chicago Tribune reported . (more...)
Premier Foods Sees Sales Down 1.0% In Q3, Despite Strong Christmas
- January 18, 2017
And the group sold over 216 million mince pies in 2016, 17% more than the previous year. Premier Foods , the owners of household name brands including Mr Kipling, Bachelors and Bisto, have struggled to deal with the weakness of the pound pushing up prices. (more...)
- January 18, 2017
And the group sold over 216 million mince pies in 2016, 17% more than the previous year. Premier Foods , the owners of household name brands including Mr Kipling, Bachelors and Bisto, have struggled to deal with the weakness of the pound pushing up prices. (more...)
Android Wear 2.0 Arriving Next Month, Reveals Notification Mail for Developers
- January 18, 2017
Unlike in some of the previous version upgrade, the necessity to update app coding is pivotal for Android Wear 2.0 as Google will be pushing the new stand-alone feature for smartwatch apps with their new OS version. The smaller "Style" is definitely not as flagshippy, with a 10.8mm thick body and a 1.2-inch 360×360 circular P-OLED display, 512MB of RAM, 4GB of storage, and a 240mAh battery. (more...)
- January 18, 2017
Unlike in some of the previous version upgrade, the necessity to update app coding is pivotal for Android Wear 2.0 as Google will be pushing the new stand-alone feature for smartwatch apps with their new OS version. The smaller "Style" is definitely not as flagshippy, with a 10.8mm thick body and a 1.2-inch 360×360 circular P-OLED display, 512MB of RAM, 4GB of storage, and a 240mAh battery. (more...)
Southern drivers suspend strikes ahead of new talks
- January 18, 2017
Nearly half of passengers, some 46 per cent, said their journey was delayed, with the company scoring just one star for punctuality as well as reliability, seat availability, frequency and value for money. Southern's results were based on the views of 256 passengers. Mayor of London Sadiq Khan has offered to install a team of senior Transport for London officials to run the franchise. (more...)
- January 18, 2017
Nearly half of passengers, some 46 per cent, said their journey was delayed, with the company scoring just one star for punctuality as well as reliability, seat availability, frequency and value for money. Southern's results were based on the views of 256 passengers. Mayor of London Sadiq Khan has offered to install a team of senior Transport for London officials to run the franchise. (more...)
Bakery Firm Greggs Sees Sales Up 6.4% In Q4
- January 18, 2017
High street chain and sausage roll maker Greggs has had a strong fourth-quarter of trading, with like-for-like sales over the period rising 6.4 per cent. 208 store refits were completed in the year, while 145 new shops were opened and 79 were closed, the latter leading to disposal gains of GBP2.2 million. (more...)
- January 18, 2017
High street chain and sausage roll maker Greggs has had a strong fourth-quarter of trading, with like-for-like sales over the period rising 6.4 per cent. 208 store refits were completed in the year, while 145 new shops were opened and 79 were closed, the latter leading to disposal gains of GBP2.2 million. (more...)
Deutsche Bank Finalizes $7.2B MBS Settlement
- January 18, 2017
Lawmakers ruled that DB must pay a $3.1 billion civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act, and provide $4.1 billion in relief over time to underwater homeowners and communities affected by the housing crisis. (more...)
- January 18, 2017
Lawmakers ruled that DB must pay a $3.1 billion civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act, and provide $4.1 billion in relief over time to underwater homeowners and communities affected by the housing crisis. (more...)
Super Mario Odyssey switches things up for Nintendo
- January 18, 2017
Each Joy-Con contains a gyroscope and set of accelerometers, making it roughly equivalent to the Wii remote with Motion Plus. Oh yeah, and Zelda has been huge for three decades. Bundles offer a way for console makers to defray some of the cost in adopting a new video game console. The Wii U also performed well for the most part, though its underpowered processor may have contributed to the lack of popular third-party games for the system. (more...)
- January 18, 2017
Each Joy-Con contains a gyroscope and set of accelerometers, making it roughly equivalent to the Wii remote with Motion Plus. Oh yeah, and Zelda has been huge for three decades. Bundles offer a way for console makers to defray some of the cost in adopting a new video game console. The Wii U also performed well for the most part, though its underpowered processor may have contributed to the lack of popular third-party games for the system. (more...)
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HSBC cuts headcount by 35,000 in next three years