Markets


Toshiba mulls sale of majority stake in Westinghouse Toshiba mulls sale of majority stake in Westinghouse
- March 15, 2017

The extension would be the second after Toshiba postponed it a month ago to probe potential problems at Westinghouse . Toshiba had already received a four-week extension following a manic earnings release last month, when the company reported a $6.3 billion writedown at its US nuclear business, stemming from its 2015 acquisition of nuclear construction business CB&I Stone and Webster. (more...)
Momentum Stocks in Focus: ArcelorMittal (MT), Petroleo Brasileiro SA - Petrobras (PBR)
- March 15, 2017

Petroleo Brasileiro S.A. - Petrobras's short ratio is at 2.54 and the float short is at 0.40%. Sell-side analyst recommendations point to a short term price target of $38.26 on the shares of BP p.l.c. - Petrobras P/E (price to earnings) ratio is 0 and Forward P/E ratio of 16.29. According to Finviz reported data, The SMA20 of the stock is at -9.51%, SMA50 is -11.47 percent, while SMA200 is -1.11%. (more...)
OPEC and United States shale drillers seem back at the brink of war OPEC and United States shale drillers seem back at the brink of war
- March 15, 2017

New US crude inventory figures sent the oil market into a spin last week as it showed the first signs of instability since Opec and non-Opec producers agreed to cut production to support the market. After hitting a record net-long of 951 million barrels in the week to February 28, hedge funds reduced it by just 77 million barrels ahead of the selloff last Wednesday. (more...)
French Connection faces call to sell up after fifth year of losses French Connection faces call to sell up after fifth year of losses
- March 15, 2017

Same store sales at United Kingdom and European Union stores increased by 4.4 percent, based on better collections, merchandising and buying. French Connection Group PLC on Tuesday reported a wider pretax loss in its recently ended financial year as revenue fell, but said it has seen a "noticeable" improvement and positive reaction to its Spring 2017 collection. (more...)
Brokers Add To Their Ratings On Marathon Oil Corporation (NYSE:MRO) Brokers Add To Their Ratings On Marathon Oil Corporation (NYSE:MRO)
- March 15, 2017

Zacks Investment Research upgraded shares of Anadarko Petroleum from a hold rating to a buy rating and set a $77.00 price objective for the company in a research report on Wednesday, February 8th. The ex-dividend date of this dividend is Monday, March 6th. Anadarko Petroleum's dividend payout ratio is presently -3.37%. A number of equities analysts have weighed in on the company. (more...)
Oil plumbs three-month low as OPEC reveals surprise Saudi production lift
- March 15, 2017

Global oil supplies plunged almost 1.5 million bpd in January 2017, with both OPEC and non-OPEC countries producing less, the IEA noted. Almarzooq's comments referred to the Drilling Productivity Report released yesterday by the U.S. While Opec compliance continued to improve during February, it was the upward revision to non-Opec production and not least Saudi production levels which had traders hitting the sell button once again . (more...)
Price Target Overview of Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB)
- March 15, 2017

The Stock now has the market capitalization of $20.31 Million, P/E (price to earnings ttm) of 0 and Weekly volatility of 24.05% and monthly volatility of 9.70% respectively. (NASDAQ:CATB) could bring EPS of $-0.65/share. This shows a surprise factor of 16.9%. The stock's market capitalization is 38.05M, it has a 52-week low of 1.08 and a 52-week high of 7.89. (more...)
Consumer credit scores reportedly to exclude some debts, liens Consumer credit scores reportedly to exclude some debts, liens
- March 15, 2017

The decision is estimated to improve the credit reports of roughly 12 million USA consumers, the WSJ reports, citing FICO data. The Journal reports that, in 2011 alone, 8 million complaints about wrong information in credit reports were received by the three major credit-reporting firms, according to the CFPB. (more...)
Walt Disney takes another bite out of European operator Walt Disney takes another bite out of European operator
- March 15, 2017

Lombard Odier Transatlantic Limited Partnership boosted its stake in shares of Walt Disney by 71.4% in the third quarter. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by KBW on Tuesday, September 1. Analysts anticipate that Walt Disney Co will post $5.94 earnings per share for the current year. If you are viewing this story on another publication, it was illegally copied and reposted in violation of US and global copyright legislation. (more...)
New challenge to second Trump immigration order New challenge to second Trump immigration order
- March 15, 2017

While the new order contains changes, the basic legal problems remain, said Washington's attorney general, Bob Ferguson. President Trump's team hit a legal wall last month when it first tried implementing a ban to halt immigration from a number of Muslim-majority countries around the world. (more...)
Kushner Companies and Anbang may revive stalled tower at 666 Fifth Avenue
- March 15, 2017

Singer and Bassuk Organization's president, Scott A. Singer said that he found the terms and conditions of the deal to be very aggressive. A 400 million dollars investment is being made in Kushners by a significant company from China. It declined to discuss the deal. Anbang's ties to the Chinese government have also been questioned in the past-so much so that President Obama refused to stay at the Waldorf Astoria after Anbang purchased it, over fears of spying. (more...)
Intel buys Mobileye to boost self-driving auto efforts Intel buys Mobileye to boost self-driving auto efforts
- March 14, 2017

Intel's deal to purchase Mobileye came with a $15.3 billion price tag, a hefty sum that valued Mobileye at $63.54 per share. The $63.54-per-share cash deal marks the largest purchase of a company exclusively focused on the self-driving sector and could significantly alter the competitive landscape among key technology and systems suppliers, including chipmakers Nvidia Corp (NVDA.O) and Qualcomm Inc (QCOM.O) and systems integrator Delphi Automotive PLC (DLPH.N). (more...)
Guy Verhofstadt supports petition for Brits to gain European Union citizenship post Brexit
- March 14, 2017

The Article 50 bill will receive Royal Assent and become law over the "coming days", Theresa May told MPs on Tuesday (14 March). If the Parliament approves, it will be the second such referendum for Scottish independence. If successful, May will likely trigger Article 50, the legislation that formally kicks off the Brexit process. The House of Commons Foreign Affairs Committee said that the United Kingdom should be prepared for the "real prospect" that the two-year negotiation cycle may ... (more...)
Silver Airways to suspend Cuba service, may re-apply Silver Airways to suspend Cuba service, may re-apply
- March 14, 2017

The low-priced carrier had planned its daily flights to and from Havana so that Frontier passengers coming from Denver and Las Vegas could make easy one-stop connections in Miami. "This lack of demand coupled with the overcapacity of larger airlines has meant that Cuban routes are not profitable for all airlines", Silver said in a statement in which they also added that, "from the beginning, we have stated that these small Cuban markets are best suitable for the smaller type of Silver aircraft". (more...)
Hyundai Engineering Signs KRW 3.8 Tril. Power Plant Deal in Iran Hyundai Engineering Signs KRW 3.8 Tril. Power Plant Deal in Iran
- March 14, 2017

Asghar Arefi, managing director of Ahdaf (left) and Sung Sang-rok CEO of Hyundai Engineering (right) attend signing ceremony for Kangan Petro Refining Complex in Tehran, Iran on Sunday. The South Korean company will have nine months to secure financing for the oil project - a potential obstacle due to continued reluctance of worldwide banks to engage with Iran. (more...)
On Social Media, 'Dutch Trump' Looks A Lot Like Trump On Social Media, 'Dutch Trump' Looks A Lot Like Trump
- March 14, 2017

Its first significant electoral test is the Dutch general election tomorrow, with all eyes on Geert Wilders. He said: "We must answer back". Amid unprecedented worldwide attention, the Dutch go to the polls Wednesday in a parliamentary election that is seen as a bellwether for the future of populism in a year of crucial votes in Europe. (more...)
Food and fuel prices spur acceleration in inflation Food and fuel prices spur acceleration in inflation
- March 14, 2017

The Reserve Bank of India (RBI) in its last policy statement in January surprised the markets by holding policy rates unchanged and shifting its stance from accommodative to neutral, blaming stubborn non-fuel, non-food inflation. "The acceleration (in the WPI) was driven by a sharp rise in primary articles and fuel inflation", Nomura's Varma wrote. "Moreover, core-CPI inflation recorded a fairly broad-based dip to 4.8% in February 2017, with even services such as health and education ... (more...)
Price Target Analysis: Heat Biologics, Inc. (NASDAQ:HTBX)
- March 14, 2017

Heat Biologics Inc (NASDAQ:HTBX) shares were trading -71.04% below from the 52-week high mark of $3.35 and +142.52% above from the 52-week bottom of $3972. ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Outperform - Also known as "moderate buy", "accumulate" and "over-weight". (more...)
SC to hear Congress' plea against Parrikar as Goa CM SC to hear Congress' plea against Parrikar as Goa CM
- March 14, 2017

On Tuesday, Parrikar was sworn in as the Chief Minister of Goa for fourth time. The BJP in contrast, despite having won only 13 of the 40 seats, as against Congress' 17, moved swiftly and had already decided that Parrikar would return to Goa. (more...)
Euronet bids to take over MoneyGram, topping Jack Ma's Ant Euronet bids to take over MoneyGram, topping Jack Ma's Ant
- March 14, 2017

Euronet claimed its offer provided significant benefits for Moneygram shareholders relative to Ant Financial's bid, including certainty regarding closing with no CFIUS requirement as well as the fact that no conditions would be placed in relation to receipt of the money transmitter licenses. (more...)