Markets


Cost of auto insurance hits all-time high in UK Cost of auto insurance hits all-time high in UK
- February 03, 2017

The driver for the price hike is pressure on premiums through tax increases, higher fix costs and the rising costs of whiplash style injury claims, the lobby group noted. Insurance premium tax has been rising since the July 2015 Budget. IPT went up from 6% to 9.5% in 2015, to 10% in 2016, and will rise to 12% in June 2017. (more...)
Japanese Experts Record Dangerous Radiation Level at Fukushima Reactor
- February 03, 2017

The discovery was made in January when plant operator Tokyo Electric Power Company (Tepco) conducted an inspection of the containment vessel in the No. Fuel may have melted through the vessel and damaged the grating but the exact cause was not determined, Tepco spokesman Tatsuhiro Yamagishi said Friday. (more...)
Businesses roll out coalition to support House GOP border tax
- February 03, 2017

The so-called "American Made Coalition", which includes Dow Chemical, Boeing, pharmaceutical giants Eli Lilly and Pfizer, and Oracle, believes the tax system in its current form creates an uneven playing field for American business, and unfairly subsidizes foreign imports, Reuters reports . (more...)
Macy's Reportedly Gets Approached to Possibly Do a Blockbuster Deal
- February 03, 2017

HBC spokeswoman Tiffany Bourre said in an email that the company does not comment on rumour or speculation. Macy's shares rose the most in nearly six months Friday after the Wall Street Journal reported that the Canadian retailer has made an approach, citing people it didn't name. (more...)
Npower set to increase prices Npower set to increase prices
- February 03, 2017

However, they added it will only affect half of the business' client base since it has a higher percentage of fixed-rate tariff customers than most large suppliers and because pre-payment customers are not affected. 'Npower operates one of the broadest range of support schemes of any supplier, offering the widest and most diverse care programmes for vulnerable customers and those who are struggling with their energy bills. (more...)
Ralph Lauren's CEO set to quit after disagreements with the Chairman Ralph Lauren's CEO set to quit after disagreements with the Chairman
- February 03, 2017

Ralph Lauren Corporation (RL) surprised the stock market in its last reported earnings when it earned $1.9 a piece versus the consensus-estimated $1.71. Some buy side analysts are also providing their Analysis on Ralph Lauren Corporation, where 2 analysts have rated the stock as Strong buy, 5 analysts have given a Buy signal, 14 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. (more...)
Brisk buying in late trade pushes Sensex up by 13.91 pts
- February 03, 2017

Shares of Bombay Stock Exchange closed at Rs. 1,070.55 on the first day of listing, a 33 percent premium over the issue price of Rs. 806 per share. The underlying mood remains cautious as investors await US employment data later in the day and the RBI's monetary policy review due next week. (more...)
MPs to study Brexit white paper
- February 03, 2017

The amendment would block the bill's progress on the grounds that the Government has failed to provide for consultation with devolved administrations and has not assured MPs of a meaningful vote at the end of the negotiation process, PA reported. (more...)
Jio tariff in sync with regulation: Regulator tells tribunal
- February 03, 2017

The regulator conveyed its decision to them after Attorney General Mukul Rohatgi opined that Reliance Jio's tariff plans do not violate any existing regulation or order issued by the regulator, and TRAI should not intervene in the matter. Of this, advertising revenue contributed to $8.6 billion from $5.6 billion. Facebook said it has almost 1.23 billion daily active users on average for December 2016, an increase of 18 per cent year-over-year (yoy), while mobile daily active users were ... (more...)
Amgen (AMGN) Releases Earnings Results, Beats Expectations By $0.10 EPS Amgen (AMGN) Releases Earnings Results, Beats Expectations By $0.10 EPS
- February 03, 2017

Want to see what other hedge funds are holding AMGN? FMR LLC boosted its stake in shares of Amgen by 4.0% in the second quarter. Shares of V.F. Corporation (NYSE:VFC) swings by following news as it plunged -1.69% to $50.61 in latest trading flood. (more...)
Brokers Change Their Target Price On Catabasis Pharmaceuticals, Inc. (CATB) Brokers Change Their Target Price On Catabasis Pharmaceuticals, Inc. (CATB)
- February 03, 2017

The Company got Initiated by H.C. Wainwright on 22-Dec-16 to Buy. Catabasis Pharmaceuticals ( NASDAQ:CATB ) traded up 2.54% during trading on Thursday, reaching $1.21. (NASDAQ:CATB) could bring EPS of $-0.65/share. This shows a surprise factor of 16.9%. The firm's market capitalization is $22.57 million. The stock traded with the volume of 3.32 Million shares in the last trading session. (more...)
EU, Mexico agree to accelerate trade talks
- February 03, 2017

As a result, anger at the free trade agreement is often misplaced. "It's been a catastrophe for our jobs and our country", Trump said. Other trade experts agree. Nationwide, nearly 700,000 such jobs have been lost, Scott estimates. The surpluses in services reduced the overall US trade deficit with its NAFTA partners to $39.2 billion in 2015, Lu reports . (more...)
Shutterfly (SFLY) is Downgraded by Needham to Shutterfly (SFLY) is Downgraded by Needham to " Hold"
- February 03, 2017

Many Analysts provided their foresight on Revenue Estimates of Shutterfly, Inc. where they believe that the company has the potential to earn average revenue of $188.54 Million for the current quarter. The current share price indicate that stock is -16.22% away from its one year high and is moving 448.67% ahead of its one year low. The disclosure for this sale can be found here. (more...)
First Jobs Report Under Trump Admin: 227K New Jobs Add
- February 03, 2017

The growth was driven by job creation in the construction and retail sectors, both of which sharply increased their rate of hiring. Strong hiring in the construction and retail sectors helped US employers add a better-than-expected 227,000 jobs in January, a sign that new President Donald Trump took over a strong labour market. (more...)
United Kingdom govt to publish Brexit strategy tomorrow: Theresa May
- February 03, 2017

It includes withdrawing from the EU single market and customs union and negotiating a new free trade agreement. In addition, 85 pages of proposed amendments to the short two-clause bill have been submitted for debate at later stages in the parliamentary process, seeking to change the law for a wide range of reasons. (more...)
Hundreds of thousands protests in Romanian cities Hundreds of thousands protests in Romanian cities
- February 03, 2017

One protester in Bucharest, Florin Varlan, 42, said on Thursday evening that he would continue to protest after Dragnea "came out today and showed he understood nothing". The coalition government has suggested the laws are aimed at easing overcrowding in the country's jails. Huge protests erupted in the capital and spread to cities around Romania in the past two evenings. (more...)
76 arrested at Dakota Access protest; tensions flare after easement order 76 arrested at Dakota Access protest; tensions flare after easement order
- February 03, 2017

On Tuesday night, Senator John Hoeven of North Dakota announced that the acting secretary of the army has directed the army corps of engineers to proceed with an easement necessary to finish the pipeline. The protesters remaining in Cannon Ball have vowed to continue to seek to block the pipeline's construction regardless of whether the Army Corps of Engineers grants ETP an easement. (more...)
Snapchat IPO: the key figures revealed Snapchat IPO: the key figures revealed
- February 03, 2017

At the same time , the company's burn rate soared, with losses coming to $514.6 million a year ago versus $372.9 million in 2015. CEO EVAN SPIEGEL started the company while an undergraduate at STANFORD UNIVERSITY. "On average, more than 60 percent of our Daily Active Users create Snaps with our Camera every day". Snap said: "Our two co-founders have control over all stockholder decisions because they control a substantial majority of our voting stock". (more...)
Obama-era rules on environment and guns scrapped by US Congress Obama-era rules on environment and guns scrapped by US Congress
- February 03, 2017

Republicans pointed to the fact that, under the rule's language, individuals could be added to the NICS database, exclusively based on the fact that they are considered incapable of managing their own benefit payments and require a " representative payee ". (more...)
Momentum Stock in Focus: Corning Incorporated (NYSE:GLW), Cameco Corporation (NYSE:CCJ)
- February 03, 2017

Cameco presently has a consensus rating of "Buy" and a consensus price target of C$16.68. 16 number of analysts provided their estimates on Corning Incorporated, where the Average Price Target for the stock is $26.38. According to these analysts, the Low Revenue Estimate for Cameco Corporation is 474.91 Million and the High Revenue Estimate is 705.46 Million. The company's last traded volume of 9.55 million shares as compared to it's an average volume of 3.79 million shares. (more...)

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