Markets


Indian market snaps its six-day winning streak on Monday Indian market snaps its six-day winning streak on Monday
- February 28, 2017

Indian equities markets traded on a flat note during the mid-afternoon trade session on Monday as negative global cues and heavy selling pressure witnessed in banking, automobile and capital goods stocks subdued investors' sentiments. All indices closed in the red, except Oil & Gas, IT, Healthcare and Consumer Durables. The blue-chip CSI300 index fell 0.8 per cent to 3,446.22 points, its sharpest drop since December 23, while the Shanghai Composite Index also weakened 0.8 per cent to ... (more...)
Hewlett Packard Enterprise Company
- February 28, 2017

Wells Fargo & Company reiterated a market perform rating on shares of Hewlett Packard Enterprise Company in a research report on Tuesday, January 24th. The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.065 per share. (more...)
Warren Buffett: investors should stick to low-priced tracker funds Warren Buffett: investors should stick to low-priced tracker funds
- February 28, 2017

Over the weekend, Buffett released his annual letter to shareholders in which he berated Wall Street money managers for charging high fees and producing lousy investment results. But Buffett had nothing but praise for Vanguard founder Jack Bogle, who popularized ultra-low fee index funds. Warren Buffett investment in Apple Inc. (more...)
ONGC to take control of HPCL to create larger oil sector entity ONGC to take control of HPCL to create larger oil sector entity
- February 28, 2017

The earnings of the vertically integrated ONGC- HPCL would be more stable, and investors would benefit from the reduced volatility. ONGC came out with a bonus issue in December 2016, giving 1 share for every 2 shares held by its shareholders. (more...)
Investor Research Report on Incyte Corporation (NASDAQ:INCY)
- February 28, 2017

RBC Capital Markets set a $113.00 price objective on Incyte Corporation and gave the stock a buy rating in a research report on Monday, October 24th. Finally, Jefferies Group reiterated a "buy" rating on shares of Incyte Corp.in a research report on Tuesday, November 8th. (more...)
Priceline boosts Q4 bookings by $3B Priceline boosts Q4 bookings by $3B
- February 28, 2017

Excluding items, earnings came in at $14.21, which easily topped Wall Street analyst estimates of $12.98 per share. 28,385 shares of the company's stock traded hands. In other news, CEO Jeffery H. Boyd sold 3,000 shares of the company's stock in a transaction dated Thursday, December 1st. 795,424 shares of the company were exchanged. (more...)
Stock Price of Lloyds Banking Group Plc (LYG) Increases 4.17% Stock Price of Lloyds Banking Group Plc (LYG) Increases 4.17%
- February 28, 2017

The company has a 50-day moving average of GBX 66.06 and a 200 day moving average of GBX 60.03. The stock has a consensus rating of Hold and an average price target of $3.50. Commonwealth Equity Services Inc boosted its position in shares of Lloyds Banking Group PLC by 11.5% in the third quarter. Fisher Asset Management LLC now owns 107,409,120 shares of the financial services provider's stock worth $308,264,000 after buying an additional 23,821,430 shares during the last quarter. (more...)
Mike Baird appointed as NAB executive
- February 28, 2017

In 2012 he was Chief Operating Officer (COO) of Barclaycard U.S., and in early 2015 became the Global COO of Barclaycard. The bank's chief executive Andrew Thorburn today said Patrick Wright will leave his role as global chief operations officer for Barclaycard in the USA to take on the CTOO position at NAB. (more...)
Australia didn't deserve underdogs tag: Nayan Mongia to India Today Australia didn't deserve underdogs tag: Nayan Mongia to India Today
- February 28, 2017

Australia dominated day one and two of the Test, so it was already looking real good for the Tourists. Speaking after the match Lehmann said: "An exceptional spell - I haven't seen that since Mitchell Johnson in the Ashes with England in Adelaide when he tore them apart". (more...)
Key events in the Takata air bag recall
- February 28, 2017

Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, a lot of them in the U.S. In pleading guilty, Takata admitted hiding evidence that millions of its air bag inflators can explode with too much force, hurling lethal shrapnel into drivers and passengers. (more...)
Uber exec resigns after failing to disclose sexual harassment allegations
- February 28, 2017

A former Uber employee reflected in a blog post earlier this month that she had been sexually harassed during her time at the ride hailing company, and Travis Kalanick recently hired former US Attorney General Eric Holder to look into the allegations. (more...)
Would-be buyers kept at bay as pending home sales slide in January Would-be buyers kept at bay as pending home sales slide in January
- February 27, 2017

That's down from an upwardly revised score of 109.5 in December and the lowest since January 2016. NAR uses a large national sample of signed residential property sale contracts to build its monthly pending home sales index . "January's accelerated price appreciation is concerning because it's over double the pace of income growth, and mortgage rates are up considerably from six months ago", Yun says. (more...)
Senate expected to vote on Sunday liquor sales bill Monday
- February 27, 2017

He said the House Management Committee was likely to make the decision, based on responses to a request for proposals. Agency Budgets that we reviewed included the Department of Children and Families, the Department for Aging and Disability Services, Board of Regents, Higher Education Institutions, and the Kansas Department of Health and Environment. (more...)
Black BMW Tupac Was Shot Being Auctioned Off For Millions
- February 27, 2017

Here are the details about the historic BMW. The black BMW auto that the late rapper was riding in when it got shot up in Las Vegas in is now up for auction, according to TMZ . TMZ further reports: "As for how the BMW ended up at an auction house ... after the murder, Vegas PD impounded it and the auto was auctioned off". (more...)
Nokia phones return with Android, Atmos and the classic 3310 Nokia phones return with Android, Atmos and the classic 3310
- February 27, 2017

Since then, various versions of the arcade game have been released on Nokia-created phones, including a 3D version that was first launched for the ill-fated N-Gage gaming phone. So, we can say that, this time Nokia is planning to launch budget friendly smartphones to attract more users. The nostalgic return of Nokia 3310 comes with Nokia's Series 30+ software, with a 2.4-inch QVGA display , a 2-megapixel camera , and even a microSD slot. (more...)
Buffett Changes Tone on Bank of America Buffett Changes Tone on Bank of America
- February 27, 2017

Buffett says if retailers like the Berkshire Hathaway-owned Nebraska Furniture Mart has to pay more taxes on imports, that will increase the price consumers pay. Then in 2015, Heinz struck a deal to buy Kraft Foods for about $40 billion in cash and stock. Even though Buffett won't discuss what he might buy, Smead said he could have talked more about what he doesn't like in the market today. (more...)
Hungary to build second line of fence along its border with Sebria
- February 27, 2017

The government has earmarked 38 billion forints for the fence and containment camps to hold migrants. The Hungarian government have said a second fence is needed to deal with the surge of migrants expected to reach the country's borders later this year. (more...)
Investor Warren Buffett to make lengthy TV appearance Monday Investor Warren Buffett to make lengthy TV appearance Monday
- February 27, 2017

Vanguard and Blackrock, for instance, Apple's No. 1 and No. 2 largest outside investors, mostly own the stock due to their index funds. "What I do know is that when I take a dozen kids to Dairy Queen, which I do every Sunday, they're all on their iPhones", Buffett said . (more...)
Drug for Catecholamine Resistant Hypotension Shows Promise in Phase 3 Study Drug for Catecholamine Resistant Hypotension Shows Promise in Phase 3 Study
- February 27, 2017

These are only top-line data and more detailed numbers will be published from the ATHOS-3 study "later this year", according to a statement . CRH is a life-threatening syndrome in patients with distributive shock (dangerously low blood pressure with adequate cardiac function) who can not achieve target mean arterial pressure despite treatment. (more...)
Woman deported from Britain after 27 year marriage Woman deported from Britain after 27 year marriage
- February 27, 2017

Mrs Clennell said she was under the impression that her case was still being looked at by her legal representatives and the day for her to leave would not be soon. Her last visitor visa expired previous year and she was sent to a detention centre in Scotland after a routine appointment with immigration service in mid-January. (more...)

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