Markets
Dow Jones closes above 20000 points for the first time
- January 26, 2017
The large-cap S&P 500 index is also well positioned for further upside as the index's recent rally is more broad-based versus being fueled by a select mega caps. "It's a milestone the market has been trying to break through for a few weeks now", said Matt Petrozelli, executive vice president and chief operating officer of Valley National Financial Advisors in Hanover Township, Northampton County. (more...)
- January 26, 2017
The large-cap S&P 500 index is also well positioned for further upside as the index's recent rally is more broad-based versus being fueled by a select mega caps. "It's a milestone the market has been trying to break through for a few weeks now", said Matt Petrozelli, executive vice president and chief operating officer of Valley National Financial Advisors in Hanover Township, Northampton County. (more...)
Piedmont Office Realty Trust, Inc. (NYSE:PDM) Price Target & Session Check
- January 26, 2017
The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . 05/05/2014 - Vornado Realty Trust was upgraded to " by analysts at ISi. Creative Planning now owns 7,581 shares of the real estate investment trust's stock worth $165,000 after buying an additional 5,958 shares in the last quarter. (more...)
- January 26, 2017
The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . 05/05/2014 - Vornado Realty Trust was upgraded to " by analysts at ISi. Creative Planning now owns 7,581 shares of the real estate investment trust's stock worth $165,000 after buying an additional 5,958 shares in the last quarter. (more...)
Trump warns auto executives to build new cars in America
- January 26, 2017
President Donald Trump has met the bosses of the three biggest usa auto manufacturers pushing them to make more vehicles in the United States and create more American jobs. In a statement following today's meeting, Marchionne thanked Trump for his focus on making the US business-friendly. "We've repeatedly said that the mother of all trade barriers is currency manipulation , and TPP failed in meaningfully dealing with that, and we appreciate the president's courage to walk away from a bad ... (more...)
- January 26, 2017
President Donald Trump has met the bosses of the three biggest usa auto manufacturers pushing them to make more vehicles in the United States and create more American jobs. In a statement following today's meeting, Marchionne thanked Trump for his focus on making the US business-friendly. "We've repeatedly said that the mother of all trade barriers is currency manipulation , and TPP failed in meaningfully dealing with that, and we appreciate the president's courage to walk away from a bad ... (more...)
Western Digital Profit Slides on Charges
- January 26, 2017
Fiera Capital Corp boosted its stake in shares of Western Digital Corporation by 1.0% in the second quarter. Texas Yale Capital Corp. boosted its stake in shares of Western Digital Corporation by 0.9% in the second quarter. The company shows Gross Margin and Operating Margin of 26.6 percent and 2.6 percent respectively. Western Digital Corporation has P/S value of 1.44 while its P/B value stands at 1.92. (more...)
- January 26, 2017
Fiera Capital Corp boosted its stake in shares of Western Digital Corporation by 1.0% in the second quarter. Texas Yale Capital Corp. boosted its stake in shares of Western Digital Corporation by 0.9% in the second quarter. The company shows Gross Margin and Operating Margin of 26.6 percent and 2.6 percent respectively. Western Digital Corporation has P/S value of 1.44 while its P/B value stands at 1.92. (more...)
Mexico targets free trade with U.S. and Canada, seeks other pacts
- January 26, 2017
White House spokesman Sean Spicer said on Saturday that Peña Nieto and Trump would meeting in Washington January 31, a meeting will be preceded by others this week when Foreign Affairs Secretary Luis Videgaray and Economy Secretary Ildefonso Guajardo Villarreal head to Washington for discussions with members of Trump's administration. (more...)
- January 26, 2017
White House spokesman Sean Spicer said on Saturday that Peña Nieto and Trump would meeting in Washington January 31, a meeting will be preceded by others this week when Foreign Affairs Secretary Luis Videgaray and Economy Secretary Ildefonso Guajardo Villarreal head to Washington for discussions with members of Trump's administration. (more...)
Any UK-U.S. trade deal will put Britain first: PM May
- January 26, 2017
But there was a metaphorical elephant standing behind her that didn't get a mention: Donald Trump, who later today will be inaugurated as U.S. president. "They discussed the continued importance of the alliance as the bulwark of our defence and agreed on the need for the alliance to continue to evolve to be able to effectively counter the biggest threats of the day, in particular terrorism and cyber attacks", a spokesman for May said after the call. (more...)
- January 26, 2017
But there was a metaphorical elephant standing behind her that didn't get a mention: Donald Trump, who later today will be inaugurated as U.S. president. "They discussed the continued importance of the alliance as the bulwark of our defence and agreed on the need for the alliance to continue to evolve to be able to effectively counter the biggest threats of the day, in particular terrorism and cyber attacks", a spokesman for May said after the call. (more...)
Harvard expected to outsource most endowment management
- January 26, 2017
Narv Narvekar, CEO, HMC (Art by Chris Buzelli)Harvard University's endowment will fire half of its staff of 230 by the end of 2017, according to a Harvard Crimson report. It stuck with that model even after incurring deep losses in the 2008-09 financial crisis, though the amount managed in-house has fluctuated over the years. (more...)
- January 26, 2017
Narv Narvekar, CEO, HMC (Art by Chris Buzelli)Harvard University's endowment will fire half of its staff of 230 by the end of 2017, according to a Harvard Crimson report. It stuck with that model even after incurring deep losses in the 2008-09 financial crisis, though the amount managed in-house has fluctuated over the years. (more...)
Tillerson gets first briefings at State Department: spokesman
- January 26, 2017
Supporters describe him as a tough-minded engineer with small-town Texan values who managed to hammer out deals from Russian Federation to Venezuela, skills that will serve him well at the State Department. But he says it "would be against our national interests" for Tillerson's confirmation to be unnecessarily delayed or embroiled in controversy. The former CEO of Exxon Mobil received an 11-10 vote in favor of his confirmation No democrat senators on the committee voted in favor of ... (more...)
- January 26, 2017
Supporters describe him as a tough-minded engineer with small-town Texan values who managed to hammer out deals from Russian Federation to Venezuela, skills that will serve him well at the State Department. But he says it "would be against our national interests" for Tillerson's confirmation to be unnecessarily delayed or embroiled in controversy. The former CEO of Exxon Mobil received an 11-10 vote in favor of his confirmation No democrat senators on the committee voted in favor of ... (more...)
Norfolk Southern profit up on cost cuts
- January 26, 2017
On a per-share basis, the Norfolk, Virginia-based company said it had profit of $1.42. During the same quarter a year ago, the firm earned $1.49 EPS. According to the the latest analyst ratings which have been released, 6 brokers have issued a rating of "buy", 4 brokers "outperform", 17 brokers "hold", 2 brokers "underperform" and 1 brokers "sell". (more...)
- January 26, 2017
On a per-share basis, the Norfolk, Virginia-based company said it had profit of $1.42. During the same quarter a year ago, the firm earned $1.49 EPS. According to the the latest analyst ratings which have been released, 6 brokers have issued a rating of "buy", 4 brokers "outperform", 17 brokers "hold", 2 brokers "underperform" and 1 brokers "sell". (more...)
Japan Reports 1st Trade Surplus in 6 Years on Cheaper Oil
- January 26, 2017
According to Japan's Ministry of Finance, exports grew by 5.4% in the 12 months to December, above the 1.2% increase expected by economists and 0.4% contraction reported in the year to November. While Japan's trade surplus with the U.S. remained strong in 2016, it fell 5 percent from a year earlier, the report said. Since the decommissioning of nuclear power plants in the wake of the Fukushima disaster in 2011, the import of fuels to generate electricity in thermal power plants has weighed ... (more...)
- January 26, 2017
According to Japan's Ministry of Finance, exports grew by 5.4% in the 12 months to December, above the 1.2% increase expected by economists and 0.4% contraction reported in the year to November. While Japan's trade surplus with the U.S. remained strong in 2016, it fell 5 percent from a year earlier, the report said. Since the decommissioning of nuclear power plants in the wake of the Fukushima disaster in 2011, the import of fuels to generate electricity in thermal power plants has weighed ... (more...)
EBay jumps after earnings gain in holiday-shopping quarter
- January 26, 2017
Gross merchandise volume (GMV) increased 5% on a constant-currency basis and climbed 2% year over year as reported, to $22.3 billion. Matched revenue estimates . For the current quarter, eBay anticipates revenue between $2.17 billion and $2.21 billion, good for steady year-over-year currency-neutral growth of between 4% and 6%. (more...)
- January 26, 2017
Gross merchandise volume (GMV) increased 5% on a constant-currency basis and climbed 2% year over year as reported, to $22.3 billion. Matched revenue estimates . For the current quarter, eBay anticipates revenue between $2.17 billion and $2.21 billion, good for steady year-over-year currency-neutral growth of between 4% and 6%. (more...)
Rates hikes ruled out by languid inflation
- January 26, 2017
Despite the weaker-than-expected quarterly figure, the year-on-year rate ticked up to 1.5% from 1.3% in Q3, although it too was below the 1.6% increase expected. Today's data show prices for new housing rose 1.4% in the December quarter for an annual increase of 6.5%, the biggest yearly gain since September 2005. (more...)
- January 26, 2017
Despite the weaker-than-expected quarterly figure, the year-on-year rate ticked up to 1.5% from 1.3% in Q3, although it too was below the 1.6% increase expected. Today's data show prices for new housing rose 1.4% in the December quarter for an annual increase of 6.5%, the biggest yearly gain since September 2005. (more...)
Gov. Deal tours storm-ravaged south Georgia
- January 26, 2017
Officials described how mobile homes had been "thrown everywhere", while trees were pictured strewn across the landscape after being ripped from the ground. SC could also see severe weather. The system toppled trees and power lines in Georgia, northern Florida and Alabama on Sunday, the agency's website reported. (more...)
- January 26, 2017
Officials described how mobile homes had been "thrown everywhere", while trees were pictured strewn across the landscape after being ripped from the ground. SC could also see severe weather. The system toppled trees and power lines in Georgia, northern Florida and Alabama on Sunday, the agency's website reported. (more...)
Dow Jones passes 20000 mark for the first time
- January 26, 2017
But nice round numbers aside, there's a real thing happening across financial markets: stocks have risen steadily since Donald Trump's election, flying in the face of pre-election predictions that the uncertainty of radical political change would cause investors to panic. (more...)
- January 26, 2017
But nice round numbers aside, there's a real thing happening across financial markets: stocks have risen steadily since Donald Trump's election, flying in the face of pre-election predictions that the uncertainty of radical political change would cause investors to panic. (more...)
Bob Evans to sell restaurant division
- January 26, 2017
The company also attempted to sell its new headquarters in 2015, just four years after spending $46.5 million to build it, but chose to take out a new $30 million mortgage on the property in 2016 instead. While Bob Evans is selling the restaurant department of its company, it is keeping its pre-package food label. Bob Evans Farms Inc says that cash proceeds after taxes and transaction costs will range from $475 million to $485 million . (more...)
- January 26, 2017
The company also attempted to sell its new headquarters in 2015, just four years after spending $46.5 million to build it, but chose to take out a new $30 million mortgage on the property in 2016 instead. While Bob Evans is selling the restaurant department of its company, it is keeping its pre-package food label. Bob Evans Farms Inc says that cash proceeds after taxes and transaction costs will range from $475 million to $485 million . (more...)
LIPA Approves $740 Million Wind Farm Project Off Long Island
- January 26, 2017
The project is part of Governor Andrew Cuomo's clean energy standard to secure 50 percent of the state's electricity supply from renewable energy sources by 2030. It is expected to be released later this year. The builders of the Rhode Island project that opened last month, Deepwater Wind, were awarded the contract for the wind farm approved Wednesday by the Long Island Power Authority. (more...)
- January 26, 2017
The project is part of Governor Andrew Cuomo's clean energy standard to secure 50 percent of the state's electricity supply from renewable energy sources by 2030. It is expected to be released later this year. The builders of the Rhode Island project that opened last month, Deepwater Wind, were awarded the contract for the wind farm approved Wednesday by the Long Island Power Authority. (more...)
The General Motors Company (GM) Receives Equal Weight Rating from Barclays PLC
- January 26, 2017
General Motors Company (GM) is an interesting player in the Consumer Goods space, with a focus on Auto Manufacturers - Major. Instinet lifted their price objective on General Motors from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 21st. (more...)
- January 26, 2017
General Motors Company (GM) is an interesting player in the Consumer Goods space, with a focus on Auto Manufacturers - Major. Instinet lifted their price objective on General Motors from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 21st. (more...)
Cisco to buy app management vendor AppDynamics for US$3.7 billion
- January 26, 2017
Cisco Systems Inc's decision to acquire software startup AppDynamics for $3.7 billion, almost double the private-market valuation, reflects Cisco's struggles in building its software business, according to company financial reports and internal documents. (more...)
- January 26, 2017
Cisco Systems Inc's decision to acquire software startup AppDynamics for $3.7 billion, almost double the private-market valuation, reflects Cisco's struggles in building its software business, according to company financial reports and internal documents. (more...)
Ireland's CityJet confirms Cimber purchase from SAS
- January 26, 2017
The airline will also operate 11 CRJ900s for SAS as part of its takeover of Cimber, a Danish regional airline. Cimber has operated regional flights on behalf of SAS from the base in Copenhagen using SAS-owned CRJ900s. Acquisition of Cimber "advances" CityJet's strategy of building a role as a regional jet capacity provider to European airlines, says CityJet executive chairman Pat Byrne. (more...)
- January 26, 2017
The airline will also operate 11 CRJ900s for SAS as part of its takeover of Cimber, a Danish regional airline. Cimber has operated regional flights on behalf of SAS from the base in Copenhagen using SAS-owned CRJ900s. Acquisition of Cimber "advances" CityJet's strategy of building a role as a regional jet capacity provider to European airlines, says CityJet executive chairman Pat Byrne. (more...)
'Things should go well for Canada' if NAFTA renegotiated: Trump adviser
- January 26, 2017
Following its implementation, USA has seen many the lost of many manufacturing as manufactrers relocated to Mexico. " Investors should expect that Trump's statements contain an element of early stage negotiation positioning", said Evercore ISI's Terry Haines in a Monday note to clients. (more...)
- January 26, 2017
Following its implementation, USA has seen many the lost of many manufacturing as manufactrers relocated to Mexico. " Investors should expect that Trump's statements contain an element of early stage negotiation positioning", said Evercore ISI's Terry Haines in a Monday note to clients. (more...)
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Bitcoin holds above $7000 after hitting nine-month high