Markets
Man Pleads Guilty to Robbing Bank to Avoid Going Home to Wife
- January 25, 2017
An FBI agent says Ripple had argued with his wife earlier and told her in writing he'd "rather be in jail than at home". The couple refused to comment after the hearing. I have a gun, give me money . When police officers arrived, Ripple said he was the culprit and was taken into custody. He was handed $2,924 but sat in the lobby, and when a security guard approached him, Ripple told him he was the person the guard was looking for, court documents said. (more...)
- January 25, 2017
An FBI agent says Ripple had argued with his wife earlier and told her in writing he'd "rather be in jail than at home". The couple refused to comment after the hearing. I have a gun, give me money . When police officers arrived, Ripple said he was the culprit and was taken into custody. He was handed $2,924 but sat in the lobby, and when a security guard approached him, Ripple told him he was the person the guard was looking for, court documents said. (more...)
Maruti Suzuki India Q3 FY17 PAT jumps 47.5% at Rs 17445 mn
- January 25, 2017
The total income for the same quarter stood at Rs 19,173.1 Cr, which is up 13.06% year-on-year (but down 5.5% quarter-on-quarter). A shift to higher priced cars has helped Maruti to avoid the hit suffered by some rivals and counter the impact of Prime Minister Narendra Modi's November move to declare currency notes of 500 rupees and 1,000 rupees as illegal tender, taking about 86 percent of money out of circulation. (more...)
- January 25, 2017
The total income for the same quarter stood at Rs 19,173.1 Cr, which is up 13.06% year-on-year (but down 5.5% quarter-on-quarter). A shift to higher priced cars has helped Maruti to avoid the hit suffered by some rivals and counter the impact of Prime Minister Narendra Modi's November move to declare currency notes of 500 rupees and 1,000 rupees as illegal tender, taking about 86 percent of money out of circulation. (more...)
Kotak Mahindra Bank Q3 profit rises by 39%
- January 25, 2017
Bharti Infratel Ltd has announced the financial results for the quarter ended December 31, 2016. Total income of the bank for the quarter stood at Rs 5,599.50 crore as compared to Rs 6445.78 crore, registering a drop of 13.12%. That helped net interest income for the quarter grow 18 percent to 83.09 billion rupees, HDFC Bank said. PNB Housing said it wrote back provision for contingencies of Rs 24.50 crore, created in previous years, in order to maintain the gearing ratio as per NHB ... (more...)
- January 25, 2017
Bharti Infratel Ltd has announced the financial results for the quarter ended December 31, 2016. Total income of the bank for the quarter stood at Rs 5,599.50 crore as compared to Rs 6445.78 crore, registering a drop of 13.12%. That helped net interest income for the quarter grow 18 percent to 83.09 billion rupees, HDFC Bank said. PNB Housing said it wrote back provision for contingencies of Rs 24.50 crore, created in previous years, in order to maintain the gearing ratio as per NHB ... (more...)
Canadian National Railway Company
- January 25, 2017
Concert Wealth Management Inc. acquired a new stake in shares of Canadian National Railway during the second quarter worth approximately $253,000. This is a boost from Canadian National Railway Company's previous quarterly dividend of $0.38. (more...)
- January 25, 2017
Concert Wealth Management Inc. acquired a new stake in shares of Canadian National Railway during the second quarter worth approximately $253,000. This is a boost from Canadian National Railway Company's previous quarterly dividend of $0.38. (more...)
BHP Billiton produces record amount of iron ore at WA mines
- January 25, 2017
The company is maintaining full year guidance of between 265 million tonnes and 275 million tonnes. Later this month, the so-called "third force" in Australian iron ore mining, Fortescue Metals Group (FMG.AX), is forecast to report it too is on track to meet full-year production guidance. (more...)
- January 25, 2017
The company is maintaining full year guidance of between 265 million tonnes and 275 million tonnes. Later this month, the so-called "third force" in Australian iron ore mining, Fortescue Metals Group (FMG.AX), is forecast to report it too is on track to meet full-year production guidance. (more...)
Freight train derailment causes commuter misery in south east London
- January 25, 2017
Affected passengers will be able to use their tickets on buses and underground services in the area, although many have taken to social media to vent their frustration. "Don't think I will rush..." "We'll continue to regularly update passengers at stations and online, including on Twitter where our team will be sharing the most up-to-date information, so we advise passengers to continue to check before they travel". (more...)
- January 25, 2017
Affected passengers will be able to use their tickets on buses and underground services in the area, although many have taken to social media to vent their frustration. "Don't think I will rush..." "We'll continue to regularly update passengers at stations and online, including on Twitter where our team will be sharing the most up-to-date information, so we advise passengers to continue to check before they travel". (more...)
National Parks Account Goes On Climate Change Tweetstorm Amid Crackdown
- January 25, 2017
The tweets were later removed from the feed, and the National Park Service apologized for sharing them. "We're shut down." Older tweets referencing climate change remain visible on the account. PST, when they issued a nice but extremely non-controversial tweet pairing a pretty picture with a Frank Lloyd Wright quote. Trump's anti-science White House is clearly trying to squash any official government endorsement or study of climate change, the gravest threat facing our species long-term. (more...)
- January 25, 2017
The tweets were later removed from the feed, and the National Park Service apologized for sharing them. "We're shut down." Older tweets referencing climate change remain visible on the account. PST, when they issued a nice but extremely non-controversial tweet pairing a pretty picture with a Frank Lloyd Wright quote. Trump's anti-science White House is clearly trying to squash any official government endorsement or study of climate change, the gravest threat facing our species long-term. (more...)
Annual inflation at 1.5 pc comes in weaker than expected, dollar slumps
- January 25, 2017
This follows a rise of 0.7 per cent in the September quarter 2016. "A February rate cut looks unlikely at this stage - the labour market is holding up and the RBA may want to monitor the recent uptick in investor loan growth because of the risk to financial stability". (more...)
- January 25, 2017
This follows a rise of 0.7 per cent in the September quarter 2016. "A February rate cut looks unlikely at this stage - the labour market is holding up and the RBA may want to monitor the recent uptick in investor loan growth because of the risk to financial stability". (more...)
Samsung Overcomes Note 7 Fallout To Deliver Strongest Q4 Yet
- January 25, 2017
Operating profit surged 50 percent over a year earlier to 9.2 trillion won ($7.9 billion), in line with Samsung's guidance earlier this month. The company is counting on the thriving chip market to continue with its growth as it strives to regain from the major product recall disaster that involves the fire-prone Note 7 phones. (more...)
- January 25, 2017
Operating profit surged 50 percent over a year earlier to 9.2 trillion won ($7.9 billion), in line with Samsung's guidance earlier this month. The company is counting on the thriving chip market to continue with its growth as it strives to regain from the major product recall disaster that involves the fire-prone Note 7 phones. (more...)
Triple H And Stephanie In Attendance For Linda McMahon's Hearing
- January 25, 2017
McMahon previously spent $100 million of her own money on two unsuccessful Senate campaigns in CT before becoming a major contributor to a super PAC that supported President Donald Trump's campaign. Christopher Murphy, D-Conn., who defeated McMahon in 2012 to win his seat, who noted that some might be surprised to see the three of them together after watching them "duke it out" in two Senate races. (more...)
- January 25, 2017
McMahon previously spent $100 million of her own money on two unsuccessful Senate campaigns in CT before becoming a major contributor to a super PAC that supported President Donald Trump's campaign. Christopher Murphy, D-Conn., who defeated McMahon in 2012 to win his seat, who noted that some might be surprised to see the three of them together after watching them "duke it out" in two Senate races. (more...)
Verizon Communications (VZ) Releases Earnings Results, Misses Expectations By $-0.03 EPS
- January 25, 2017
Following the fourth quarter results announcement, Zino maintained his Hold rating on Verizon Shares. And a quick view of analyst notes show that 0 are rating the stock a buy while 0 rate VZ a strong buy. This represents a $2.31 annualized dividend and a yield of 4.61%. The ex-dividend date is Friday, January 6th. Verizon Communications makes up approx 0.77% of Davenport Co's portfolio. (more...)
- January 25, 2017
Following the fourth quarter results announcement, Zino maintained his Hold rating on Verizon Shares. And a quick view of analyst notes show that 0 are rating the stock a buy while 0 rate VZ a strong buy. This represents a $2.31 annualized dividend and a yield of 4.61%. The ex-dividend date is Friday, January 6th. Verizon Communications makes up approx 0.77% of Davenport Co's portfolio. (more...)
Etihad CEO Hogan to depart
- January 25, 2017
Hogan will leave in the second half of this year and the airline group has already begun the process of finding a new chief executive. The departure comes as part of a strategic review the airline is undertaking and a transition process started a year ago. (more...)
- January 25, 2017
Hogan will leave in the second half of this year and the airline group has already begun the process of finding a new chief executive. The departure comes as part of a strategic review the airline is undertaking and a transition process started a year ago. (more...)
OPEC, Russia cutting oil output deeper, faster than expected
- January 25, 2017
US crude futures were trading above $52 a barrel on Friday as growing USA production offset some of the cuts planned by the Organization of the Petroleum Exporting Countries (OPEC) and other producers. "The positions that the U.S. and Saudi Arabia take in global energy are very important for global economic stability", Al-Falih said at a meeting of producing countries in Vienna . (more...)
- January 25, 2017
US crude futures were trading above $52 a barrel on Friday as growing USA production offset some of the cuts planned by the Organization of the Petroleum Exporting Countries (OPEC) and other producers. "The positions that the U.S. and Saudi Arabia take in global energy are very important for global economic stability", Al-Falih said at a meeting of producing countries in Vienna . (more...)
Texas Instruments Shares Wobble After Hours Following Earnings Beat
- January 25, 2017
There is also the question of negative currency effect and a high debt load. Texas Instruments Inc. P/E (price to earnings) ratio is 23.75 and Forward P/E ratio of 21.85. On Tuesday analysts will want to see the extent to which Texas Instruments can maintain its momentum. For the next 5 years, Texas Instruments Inc.is expecting Growth of 10.11% per annum, whereas in the past 5 years the growth was 15.96% per annum. (more...)
- January 25, 2017
There is also the question of negative currency effect and a high debt load. Texas Instruments Inc. P/E (price to earnings) ratio is 23.75 and Forward P/E ratio of 21.85. On Tuesday analysts will want to see the extent to which Texas Instruments can maintain its momentum. For the next 5 years, Texas Instruments Inc.is expecting Growth of 10.11% per annum, whereas in the past 5 years the growth was 15.96% per annum. (more...)
Detained Terrexes to return to Singapore: MFA
- January 25, 2017
On Tuesday, Singapore's foreign ministry said Chief Executive CY Leung told Prime Minister Lee Hsien Loong in a letter that investigations have been completed and the armoured vehicles will be released. Three meetings between the SAF-contracted shipping line APL and the Hong Kong Customs did not yield any new information. The investigations into the episode over a possible breach of laws governing the import and export of strategic commodities "might lead to criminal prosecution", Tang added. (more...)
- January 25, 2017
On Tuesday, Singapore's foreign ministry said Chief Executive CY Leung told Prime Minister Lee Hsien Loong in a letter that investigations have been completed and the armoured vehicles will be released. Three meetings between the SAF-contracted shipping line APL and the Hong Kong Customs did not yield any new information. The investigations into the episode over a possible breach of laws governing the import and export of strategic commodities "might lead to criminal prosecution", Tang added. (more...)
Tillerson Wins Senate Committee's Backing for Secretary of State
- January 25, 2017
In a joint statement, both said Tillerson "can be an effective advocate for US interests". The vote in the Senate Foreign Relations Committee was uncertain up until Monday morning, when Sen. After weeks of buildup over a showdown with President Donald Trump's nominee for secretary of state, Sen. Rubio was dissatisfied when Tillerson declined to label Vladimir Putin a "war criminal" or condemn the human rights abuses of the Philippine president, Rodrigo Duterte. (more...)
- January 25, 2017
In a joint statement, both said Tillerson "can be an effective advocate for US interests". The vote in the Senate Foreign Relations Committee was uncertain up until Monday morning, when Sen. After weeks of buildup over a showdown with President Donald Trump's nominee for secretary of state, Sen. Rubio was dissatisfied when Tillerson declined to label Vladimir Putin a "war criminal" or condemn the human rights abuses of the Philippine president, Rodrigo Duterte. (more...)
Analyst Overview: AK Steel Holding Corporation (NYSE:AKS)
- January 25, 2017
The company has Weekly Volatility of 2.27%% and Monthly Volatility of 1.99%%. AK Steel Holding Corp. Analysts were expecting the company to report revenue of $1.41 billion for the fourth quarter of the year. However, it did come in above Wall Street' earnings per share estimate of 6 cents for the quarter. Zacks Investment Research raised shares of AK Steel Holding Corp. (more...)
- January 25, 2017
The company has Weekly Volatility of 2.27%% and Monthly Volatility of 1.99%%. AK Steel Holding Corp. Analysts were expecting the company to report revenue of $1.41 billion for the fourth quarter of the year. However, it did come in above Wall Street' earnings per share estimate of 6 cents for the quarter. Zacks Investment Research raised shares of AK Steel Holding Corp. (more...)
Bob Evans selling restaurants
- January 25, 2017
Activist investor Thomas Sandell's prolonged battle to push for a shakeup at Bob Evans Farms has finally resulted in a big transaction. Cash proceeds from that deal are expected to range between $475 million to $485 million, to be used to repay debt and pay a special $150 million dividend. (more...)
- January 25, 2017
Activist investor Thomas Sandell's prolonged battle to push for a shakeup at Bob Evans Farms has finally resulted in a big transaction. Cash proceeds from that deal are expected to range between $475 million to $485 million, to be used to repay debt and pay a special $150 million dividend. (more...)
Yahoo (YHOO) Rebounds, Prospects Are Bright for Verizon Acquisition
- January 25, 2017
Despite better-than-expected results, Yahoo said it has delayed closing its deal with Verizon Communications Inc. CEO Marissa Mayer announced that she was pleased with the results and said the company was still preparing for integration with Verizon , which agreed in July to buy Yahoo for United States dollars 4.8 billion. (more...)
- January 25, 2017
Despite better-than-expected results, Yahoo said it has delayed closing its deal with Verizon Communications Inc. CEO Marissa Mayer announced that she was pleased with the results and said the company was still preparing for integration with Verizon , which agreed in July to buy Yahoo for United States dollars 4.8 billion. (more...)
China warns United States against 'undermining' stability in South China Sea
- January 25, 2017
It is pertinent to mention here that a number of nations claim the resources-rich South China Sea , an important shipping route. China will firmly safeguard its maritime sovereignty, as it has talks with countries directly involved, to maintain stability in the region, she said. (more...)
- January 25, 2017
It is pertinent to mention here that a number of nations claim the resources-rich South China Sea , an important shipping route. China will firmly safeguard its maritime sovereignty, as it has talks with countries directly involved, to maintain stability in the region, she said. (more...)
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Chinese goods on United States radar, India braces for shockwave