Markets
Wells Fargo says no 2016 cash bonuses for eight senior executives
- March 02, 2017
The bank will also slash by up to 50 percent performance share equity awards granted in 2014 that vested in 2016. Overall, the executives lost about $32 million in bonus money, according to Wells Fargo . Not only did Wells Fargo say it fired 5,300 workers over several years for improper sales conduct, but employees told CNNMoney they were fired after blowing the whistle on illegal activity. (more...)
- March 02, 2017
The bank will also slash by up to 50 percent performance share equity awards granted in 2014 that vested in 2016. Overall, the executives lost about $32 million in bonus money, according to Wells Fargo . Not only did Wells Fargo say it fired 5,300 workers over several years for improper sales conduct, but employees told CNNMoney they were fired after blowing the whistle on illegal activity. (more...)
Avago Technologies Limited (NASDAQ:AVGO) Reviewed By Analysts
- March 02, 2017
Broadcom shares are up $8.59, or 4%, at $223.36, in late trading. The firm had revenue of $4.15 billion for the quarter. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Finally, Peregrine Asset Advisers Inc. increased its position in shares of Broadcom Limited by 27.0% in the fourth quarter. During the same quarter past year, the business posted $2.51 EPS. (more...)
- March 02, 2017
Broadcom shares are up $8.59, or 4%, at $223.36, in late trading. The firm had revenue of $4.15 billion for the quarter. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Finally, Peregrine Asset Advisers Inc. increased its position in shares of Broadcom Limited by 27.0% in the fourth quarter. During the same quarter past year, the business posted $2.51 EPS. (more...)
Inchcape PLC reiterated as Hold By Liberum Capital
- March 02, 2017
BNP Paribas reissued a neutral rating and issued a GBX 1,065 ($13.27) price objective on shares of St. James's Place plc in a research note on Tuesday, January 10th. The ex-dividend date is Thursday, April 6th. This is a boost from Senior plc's previous dividend of $1.95. This represents a dividend yield of 2.63%. (more...)
- March 02, 2017
BNP Paribas reissued a neutral rating and issued a GBX 1,065 ($13.27) price objective on shares of St. James's Place plc in a research note on Tuesday, January 10th. The ex-dividend date is Thursday, April 6th. This is a boost from Senior plc's previous dividend of $1.95. This represents a dividend yield of 2.63%. (more...)
Fed survey finds economy growing at moderate pace
- March 02, 2017
The Fed report arrives two weeks before the Fed's March 14-15 policy meeting. To help compile the Beige Book, the Fed's 12 districts collect anecdotes from their contacts in industries ranging from real estate to tourism. The overall tone of the report was slightly less bullish on the economy than might have been expected given other economic data releases and increase in both consumer and business confidence seen during that period. (more...)
- March 02, 2017
The Fed report arrives two weeks before the Fed's March 14-15 policy meeting. To help compile the Beige Book, the Fed's 12 districts collect anecdotes from their contacts in industries ranging from real estate to tourism. The overall tone of the report was slightly less bullish on the economy than might have been expected given other economic data releases and increase in both consumer and business confidence seen during that period. (more...)
Wall Street Wants Substance From Trump's Congressional Address
- March 02, 2017
In keeping with his "America First" campaign rhetoric, Trump's address was nearly entirely devoted to domestic issues, except for some shots at trade, citing cherry-picked trade statistics that were wildly misleading about the positive and negative outcomes from trade flows. (more...)
- March 02, 2017
In keeping with his "America First" campaign rhetoric, Trump's address was nearly entirely devoted to domestic issues, except for some shots at trade, citing cherry-picked trade statistics that were wildly misleading about the positive and negative outcomes from trade flows. (more...)
Mylan NV Reports 36% Gain In Q4 Earnings
- March 02, 2017
For the Current Quarter, the growth estimate for Mylan N.V.is 16.4%, while for the Next Quarter the stock growth estimate is 34.2%. Bank of New York Mellon Corp now owns 8,066,095 shares of the company's stock worth $348,779,000 after buying an additional 2,908,633 shares during the last quarter. (more...)
- March 02, 2017
For the Current Quarter, the growth estimate for Mylan N.V.is 16.4%, while for the Next Quarter the stock growth estimate is 34.2%. Bank of New York Mellon Corp now owns 8,066,095 shares of the company's stock worth $348,779,000 after buying an additional 2,908,633 shares during the last quarter. (more...)
Street Recommendation Roundup on Northern Dynasty Minerals Ltd. (:NAK) ILG, Inc. (:ILG)
- March 02, 2017
The stock has a Return on Assets of -22.6 percent, Return on Investment of 0 percent and a Return on Equity of -23.1 percent. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Relative Volume of the company is 1.96 and Average Volume (3 months) is 8.75 million. A lower P/B ratio could mean that the stock is undervalued. (more...)
- March 02, 2017
The stock has a Return on Assets of -22.6 percent, Return on Investment of 0 percent and a Return on Equity of -23.1 percent. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Relative Volume of the company is 1.96 and Average Volume (3 months) is 8.75 million. A lower P/B ratio could mean that the stock is undervalued. (more...)
GAM Holding AG Takes Position in Ares Capital Corp. (ARCC)
- March 02, 2017
Jefferies Group also issued estimates for Ares Capital's Q2 2017 earnings at $0.42 EPS, Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.42 EPS and FY2017 earnings at $1.64 EPS. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private USA middle market companies. (more...)
- March 02, 2017
Jefferies Group also issued estimates for Ares Capital's Q2 2017 earnings at $0.42 EPS, Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.42 EPS and FY2017 earnings at $1.64 EPS. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private USA middle market companies. (more...)
Non-subsidised LPG cylinder prices up by Rs.86
- March 02, 2017
It was priced at Rs 651.50 per 14.2-kg cylinder till yesterday, according to state-owned oil companies. The price of a cylinder was Rs 738 till February 28. The increase comes on back of a 3 per cent hike on February 1. Three oil companies have lowered the price of liquefied petroleum gas, saying the adjustment reflects movements in the global contract prices of LPG for the month of March. (more...)
- March 02, 2017
It was priced at Rs 651.50 per 14.2-kg cylinder till yesterday, according to state-owned oil companies. The price of a cylinder was Rs 738 till February 28. The increase comes on back of a 3 per cent hike on February 1. Three oil companies have lowered the price of liquefied petroleum gas, saying the adjustment reflects movements in the global contract prices of LPG for the month of March. (more...)
Shares Worth Watching: Essex Property Trust, Inc. (NYSE:ESS)
- March 02, 2017
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 08/25/2016 - BTIG Research began new coverage on Essex Property Trust, Inc . The current ratio for Essex Property Trust, Inc . The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. (more...)
- March 02, 2017
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 08/25/2016 - BTIG Research began new coverage on Essex Property Trust, Inc . The current ratio for Essex Property Trust, Inc . The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. (more...)
BCBG Max Azria Files for Chapter 11 Protection
- March 02, 2017
Women's upscale fashion retail chain BCBG Max Azria is seeking protection from creditors in the North America, and plans to restructure, including closing all its standalone stores in Canada. In 2016, Marty Staff was brought in as interim chief executive to help turn the company around. That loan must be approved by the judge overseeing the case. (more...)
- March 02, 2017
Women's upscale fashion retail chain BCBG Max Azria is seeking protection from creditors in the North America, and plans to restructure, including closing all its standalone stores in Canada. In 2016, Marty Staff was brought in as interim chief executive to help turn the company around. That loan must be approved by the judge overseeing the case. (more...)
Black History Month is over
- March 02, 2017
This year's Maneuver Support Center of Excellence and Fort Leonard Wood African-American/Black History Month Observance, hosted by the 14th Military Police Brigade, featured music from the 399th Army Band and poetry readings by Waynesville students. (more...)
- March 02, 2017
This year's Maneuver Support Center of Excellence and Fort Leonard Wood African-American/Black History Month Observance, hosted by the 14th Military Police Brigade, featured music from the 399th Army Band and poetry readings by Waynesville students. (more...)
Palmyra: Syrian forces 'enter' IS-held town
- March 02, 2017
Soldiers, backed by Russian airstrikes, retook Palmyra in March 2016, but ISIS recaptured the city in December as the Syrian army and its allies staged a separate, successful campaign to retake Aleppo from various militant groups that seized the northwestern city early on in the country's six-year civil war. (more...)
- March 02, 2017
Soldiers, backed by Russian airstrikes, retook Palmyra in March 2016, but ISIS recaptured the city in December as the Syrian army and its allies staged a separate, successful campaign to retake Aleppo from various militant groups that seized the northwestern city early on in the country's six-year civil war. (more...)
Dow Jones Industrial Average crosses 21000 for first time
- March 02, 2017
The S&P 600 Small-Cap Index closed at 846.49 for a loss of 13.29 points or 1.55%. President Trump: Investors await President Trump's address to Congress Tuesday night, where he is expected to talk about the Affordable Care Act and plans to overhaul the tax code. (more...)
- March 02, 2017
The S&P 600 Small-Cap Index closed at 846.49 for a loss of 13.29 points or 1.55%. President Trump: Investors await President Trump's address to Congress Tuesday night, where he is expected to talk about the Affordable Care Act and plans to overhaul the tax code. (more...)
Pizza Hut made custom sneakers in honor of March Madness
- March 02, 2017
Because apparently, shoes are no longer made for walking you over to the pizza joint - they're made for ensuring the pizza comes to you with no movement required. For the occasion, only 64 pairs of the sneakers were created, most being sent to taste makers and media. AdWeek reported that the exclusive kicks will be given to "influencers and people in the media", but Pizza Hut fans may also have a chance to win a few pairs too. (more...)
- March 02, 2017
Because apparently, shoes are no longer made for walking you over to the pizza joint - they're made for ensuring the pizza comes to you with no movement required. For the occasion, only 64 pairs of the sneakers were created, most being sent to taste makers and media. AdWeek reported that the exclusive kicks will be given to "influencers and people in the media", but Pizza Hut fans may also have a chance to win a few pairs too. (more...)
Buffett expected to tout passive investing in Berkshire annual letter
- March 02, 2017
For instance, only 14 out of 11.6 million brackets in ESPN's 2015 contest nailed all the Sweet 16 teams and, according to Fortune , there are 282 trillion possible Sweet 16 combinations. Buffett first got into the madness of March basketball in 2014 when he, along with Quicken Loans, offered $1 billion to anyone who could pick a flawless bracket in the men's tournament. (more...)
- March 02, 2017
For instance, only 14 out of 11.6 million brackets in ESPN's 2015 contest nailed all the Sweet 16 teams and, according to Fortune , there are 282 trillion possible Sweet 16 combinations. Buffett first got into the madness of March basketball in 2014 when he, along with Quicken Loans, offered $1 billion to anyone who could pick a flawless bracket in the men's tournament. (more...)
Trump speech sends Dow zooming above 21000 for first time
- March 02, 2017
ET (1727 GMT), the Dow was down 7.78 points, or 0.04 percent, at 20,813.98, the S&P 500 was down 0.42 points, or 0.01 percent, at 2,366.92 and the Nasdaq Composite was down 0.21 points, or flat, at 5,845.10. Although most U.S. stocks retreated prior to Trump's official speech to the congress, the decline continued after an unchanged and weak GDP report which has increased by 1.6% a year ago. (more...)
- March 02, 2017
ET (1727 GMT), the Dow was down 7.78 points, or 0.04 percent, at 20,813.98, the S&P 500 was down 0.42 points, or 0.01 percent, at 2,366.92 and the Nasdaq Composite was down 0.21 points, or flat, at 5,845.10. Although most U.S. stocks retreated prior to Trump's official speech to the congress, the decline continued after an unchanged and weak GDP report which has increased by 1.6% a year ago. (more...)
Wall Street hits new highs as Trump speech reignites rally
- March 02, 2017
TRUMP'S SPEECH: Investors are awaiting Trump's first speech to a joint session of Congress later Tuesday and in particular will be seeking more clarity on tax cuts, infrastructure spending and other policies. Financial stocks saw substantial strength on the day amid optimism about the potential impact of a near-term interest rate hike. The S&P 500 and Nasdaq were up about 0.85 percent soon after the market opened. (more...)
- March 02, 2017
TRUMP'S SPEECH: Investors are awaiting Trump's first speech to a joint session of Congress later Tuesday and in particular will be seeking more clarity on tax cuts, infrastructure spending and other policies. Financial stocks saw substantial strength on the day amid optimism about the potential impact of a near-term interest rate hike. The S&P 500 and Nasdaq were up about 0.85 percent soon after the market opened. (more...)
National Bank keeps up the banks' blockbuster earnings by handily beating expectations
- March 02, 2017
The bank's adjusted earnings amounted to $1.35 per share, up from $1.17 per share a year earlier and above the estimate of $1.26 per share compiled by Thomson Reuters. Bank of Montreal has a payout ratio of 48%, meaning the dividend is sufficiently covered by earnings. CIBC lifted their price objective on Bank of Montreal from C$94.00 to C$97.00 in a report on Wednesday, December 7th. (more...)
- March 02, 2017
The bank's adjusted earnings amounted to $1.35 per share, up from $1.17 per share a year earlier and above the estimate of $1.26 per share compiled by Thomson Reuters. Bank of Montreal has a payout ratio of 48%, meaning the dividend is sufficiently covered by earnings. CIBC lifted their price objective on Bank of Montreal from C$94.00 to C$97.00 in a report on Wednesday, December 7th. (more...)
Target Price Review on Emerson Electric Company (NYSE:EMR)
- March 02, 2017
Other large investors have also bought and sold shares of the company. Catamount Wealth Management increased its position in General Electric Company by 34.8% in the second quarter. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.17 billion. General Electric Company had a net margin of 6.86% and a return on equity of 15.99%. (more...)
- March 02, 2017
Other large investors have also bought and sold shares of the company. Catamount Wealth Management increased its position in General Electric Company by 34.8% in the second quarter. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.17 billion. General Electric Company had a net margin of 6.86% and a return on equity of 15.99%. (more...)
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