Finance


Shire snubs inadequate Takeda offer but starts bidding war Shire snubs inadequate Takeda offer but starts bidding war
- April 21, 2018

Takeda says the proposal did not constitute an offer, and emphasised there is no certainty a formal offer will be made. Botox-maker Allergan Plc . Shire rejected Takeda's $60 billion takeover bid on Thursday morning. Shire makes eye care drugs that are still patent-protected. For Takeda, the deal would mean a expanded presence in the U.S. (more...)
OPCW experts expected to arrive in Douma on Wednesday: Russian official OPCW experts expected to arrive in Douma on Wednesday: Russian official
- April 21, 2018

Only hours later, Syrian TV carried a military statement saying that air defenses fired a number of missiles because of a "false alarm", without providing more information. Inspectors from the Organisation for the Prohibition of Chemical Weapons (OPCW) travelled to Syria last week to inspect the site, but have yet to gain access to Douma, which is now under government control after the rebels withdrew. (more...)
Rudy Giuliani to Join President Trump's Legal Team for the Mueller Probe Rudy Giuliani to Join President Trump's Legal Team for the Mueller Probe
- April 21, 2018

Giuliani is certain to come under intense scrutiny for his role. In case you were anxious Donald Trump's legal team wasn't desperate enough, the president has somehow convinced Rudy Giuliani to hop aboard and try to save him from Robert Mueller's investigation! He hopes to conclude the investigation in the coming months. (more...)
Oil jumps 3% on Saudi price target, U.S. stockpiles Oil jumps 3% on Saudi price target, U.S. stockpiles
- April 20, 2018

It's worth mentioning that Saudi Arabia plans to sell a 5% stake in their largest oil company, Saudi Aramco, and launch the biggest IPO in history, valued at $100Bln. Earlier, Saudi Crown Prince Mohammed bin Salman said he wants long-term cooperation with Russian Federation to stabilize oil prices. The global economy is expected to expand this year at its fastest pace since 2010, the latest Reuters polls of more than 500 economists worldwide suggest , but trade protectionism could quickly ... (more...)
Renishaw (LON:RSW) Earns "Hold" Rating from Peel Hunt
- April 19, 2018

The stock has "Overweight" rating by Barclays Capital on Wednesday, July 13. The stock of Ashmore Group PLC (LON:ASHM) earned "Buy" rating by Berenberg on Monday, February 12. It has a 23.93 P/E ratio. The Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; plastic trim and interior parts ... (more...)
Revealing the Hidden Strategies: International Business Machines Corporation (IBM) Revealing the Hidden Strategies: International Business Machines Corporation (IBM)
- April 19, 2018

It has underperformed by 64.26% the S&P500. 19 are the (NYSE: IBM)'s analyst reports since October 27, 2017 according to StockzIntelligence Inc. They expect $-0.08 earnings per share, up 69.23% or $0.18 from last year's $-0.26 per share. (more...)
ATMs Run Dry: What's Behind The Cash Crunch? ATMs Run Dry: What's Behind The Cash Crunch?
- April 18, 2018

As per the reports from several states, ATMs are running out of cash. It cited bank officials' statements that people have been withdrawing cash more than they require at the beginning of the month. Also, he mentioned that some states may be having more currency while some may be having less currency and that the sudden withdrawal may be since people may have increase the cash withdrawals and so some of the states may have less currency than the others. (more...)
Fired FBI Director Comey and President Trump Trade Insults Fired FBI Director Comey and President Trump Trade Insults
- April 18, 2018

In an excerpt shown on Saturday, Mr Comey said his belief that Hillary Clinton would win the 2016 presidential election was a factor in his decision to disclose the investigation into her emails. We know that the President is a slimeball for many , many reasons. Mr Mueller's probe has expanded to include whether Mr Trump obstructed justice by firing Mr Comey, which the president denies. (more...)
International Monetary Fund says global economy will slow after 2019
- April 18, 2018

Global gross domestic product will increase 3.9 per cent this year and next, the fund predicts. The Government's ban on foreigners buying New Zealand houses is "unlikely" to have a significant impact on housing affordability, International Monetary Fund officials say . (more...)
Netflix hits 125 million subscribers Netflix hits 125 million subscribers
- April 17, 2018

This was higher than our beginning of quarter guidance, due primarily to the timing of content spend. The online streaming business recorded healthy earnings and said it added more new customers than anticipated in the first three months of 2018. (more...)
PM vows to 'take all steps to protect people, territory'; DMK protests PM vows to 'take all steps to protect people, territory'; DMK protests
- April 15, 2018

As Modi's convoy passed through the sprawling IIT Madras campus on the way to institute, some in the crowd briefly raised placards against the Central government on the Cauvery issue. He said that his government was committed to protecting the country's territory and for this, the country would equip the armed forces with modern arms. (more...)
JPMorgan posts $US9 billion record profit JPMorgan posts $US9 billion record profit
- April 14, 2018

That profit exceeds last year's $5.46 billion, or $1.03 per share, in profit. Shares initially spiked more than 1 percent in premarket trading following the release, before paring gains. On a per-share basis, JPMorgan earned $2.37 a share, up from $1.65 per share, beating analysts' forecasts. (NYSE: JPM ) has risen 23.99% since April 13, 2017 and is uptrending. (more...)
Super Eagles climb five places in Federation Internationale de Football Association ranking Super Eagles climb five places in Federation Internationale de Football Association ranking
- April 13, 2018

Bafana Bafana have moved up to 72nd in the world‚ up nine places from the start of the year despite playing only two matches - a 1-1 draw with Angola and a 2-0 win over Zambia last month. Belgium rose two places to No. 3, while Portugal and Argentina each dropped one to Nos. Bafana Bafana though remain 15th in Africa. Neighbours Uganda moved four places up to 74 in the world and 16th in Africa and top the Council of East and Central Africa (Cecafa) region followed by Kenya, Rwanda, ... (more...)
US added 103000 jobs in March; rate stays 4.1 pct US added 103000 jobs in March; rate stays 4.1 pct
- April 07, 2018

Over the past six months, the average monthly gain has been 205,000, up from an average of 176,000 in the previous six months. Wage growth accelerated slightly. While the official unemployment rate held steady for a sixth-straight month in March, the underemployment rate, which captures those out of work and those who want full-time work but are working part-time, moved down to 8% in March after having hit 8.2% the prior month. (more...)
Vetr Inc. Reduced the Shares rating of Delta Air Lines Inc. (DAL) Vetr Inc. Reduced the Shares rating of Delta Air Lines Inc. (DAL)
- April 06, 2018

Investigating the productivity proportions of Callon Petroleum Company stock, the speculator will discover its ROE, ROA, ROI remaining at 6.2%, 4.4%, and 5.7%, individually. Short Ratio of stock is 2.19. Cowen & Co maintained Delta Air Lines , Inc. Delta Air Lines, Inc . now has its 52-Week High range of $60.79, while its 52-week low range is $43.81. (more...)
Foxes report gender pay gap Foxes report gender pay gap
- April 05, 2018

The Guardian has compiled a list of all of the companies who have declared their gender pay gap. A number of household name employers, including Unilever and BT, pay women on average more than men. Unlike Amazon, however, Apple's statement cites both mean and median statistics and admits that by some measures its female employees are worse off. (more...)
Facebook founder to appear before US Congress over data hijacking row Facebook founder to appear before US Congress over data hijacking row
- April 05, 2018

We're going to tell anyone whose data may have been shared", he replied. Facebook CEO Mark Zuckerberg will testify on Capitol Hill on April 11 before the powerful House Energy and Commerce Committee, to answer questions about how the company protects its users' data. (more...)
Rising trade tensions sink U.S. stocks, Dow Jones down 476 points Rising trade tensions sink U.S. stocks, Dow Jones down 476 points
- April 04, 2018

The President's anger may be motivated in part by his resentment of Jeff Bezos, the billionaire founder of Amazon, who also owns The Washington Post, a persistent critic of the Trump administration. Intel plunged $4.05, or 7.8 percent, to $48.04. Brent crude, used to price global oils, slid $1.70, or 2.5 percent, to $67.64 a barrel in London. Health insurer Humana Inc's ( HUM.N ) shares closed up 4.4 percent on news it was in talks with Walmart ( WMT.N ) to expand their partnership or ... (more...)
Disney Could Acquire Sky News in Fox-Sky Deal's Latest Twist Disney Could Acquire Sky News in Fox-Sky Deal's Latest Twist
- April 04, 2018

Fox has also offered to establish Sky News as a separate entity, a solution it offered in its previous, thwarted attempt to buy out the 61% of the pan-European satcaster that it does not already own. Fox warned the CMA against accepting "a number of unsupported and fanciful assertions" by "a group of politicians", including Ed Miliband and Sir Vince Cable, who opposed to the deal. (more...)
Stocks surge as the tech selloff ends Stocks surge as the tech selloff ends
- April 02, 2018

The S&P 500 index slipped 7.62 points, or 0.3% to 2,605, with six of its 11 main sectors ending in negative territory. But worries that retaliatory tariffs would harm the global economy led investors to cut equity exposure to a four-month low in March and reduce holdings of USA stocks to the lowest in almost two years, according to a Reuters poll. (more...)
Deadline Nears For Elections Scott Walker Doesn't Want To Hold Deadline Nears For Elections Scott Walker Doesn't Want To Hold
- March 30, 2018

Those changes would eliminate the need for special elections in one state Senate and one state Assembly seat that had been ordered last week by Dane County Circuit Judge Josann Reynolds. "Walker's refusal to do his job", Holder said in a statement after the appeals court ruling on Wednesday. If adopted, the proposal would ensure that the two vacant seats wouldn't be filled until January. (more...)
Amazon shares fall after report Trump wants to curb its power Amazon shares fall after report Trump wants to curb its power
- March 29, 2018

Facebook Inc now has $442.20 billion valuation. The stock increased 0.18% or $0.02 during the last trading session, reaching $11. Colfax Corporation (CFX) has risen 61.22% since March 27, 2017 and is uptrending. Truenorth Inc has 1,791 shares for 0.94% of their portfolio. Aldebaran Financial holds 2.91% or 3,747 shares. Intact Inv Mgmt Incorporated invested 0.07% in Amazon .com, Inc. (more...)
Mamata Banerjee reaches Delhi, to meet Sharad Pawar, Sonia Gandhi Mamata Banerjee reaches Delhi, to meet Sharad Pawar, Sonia Gandhi
- March 28, 2018

Banerjee, who is also the Trinamool Congress chief, is also expected to meet UPA Chairperson Sonia Gandhi and Delhi Chief Minister Arvind Kejriwal. State BJP President Dilip Ghosh rallied with a sword in West Midnapore while party's state women wing president Locket Chatterjee was seen carrying a trident. (more...)
Finish Line Bought By JD Sports For $558 Million Finish Line Bought By JD Sports For $558 Million
- March 28, 2018

Like many of its retail peers, Finish line struggled early previous year, citing the promotional environment as a leading cause for the company's 3.3% decrease in net sales during the second quarter. Public Employees Retirement System of OH now owns 10,969 shares of the specialty retailer's stock worth $155,000 after buying an additional 1,504 shares during the period. (more...)
Uber Backs Out Of Southeast Asia, Selling To Regional Rival 'Grab' Uber Backs Out Of Southeast Asia, Selling To Regional Rival 'Grab'
- March 27, 2018

The value of the deal remains undisclosed. In a statement by Grab CEO, Anthony Tan said, " Today's acquisition marks the beginning of a new era ". Uber invested $700 million in its Southeast Asia business, less than the $2 billion it burned through in China before ceding its operations there to Didi. (more...)
America's oldest gun manufacturer files for bankruptcy America's oldest gun manufacturer files for bankruptcy
- March 27, 2018

The company plans to continue making guns during the Chapter 11 process, which is meant to reduce its debt by $700 million, according to CNN Money. Two years after the shooting, families of nine victims and one survivor filed a lawsuit against Remington. A recent study by Harvard University and Northeastern University found that the number of privately owned guns in America grew by more than 70 million - to approximately 265 million - between 1994 and 2015. (more...)
Chinese oil futures launch may threaten primacy of US dlr Chinese oil futures launch may threaten primacy of US dlr
- March 27, 2018

The Shanghai International Energy Exchange has allocated a total storage capacity of 5.95 million cubic meters (37.42 million barrels) at six sites along China's coast to receive crude under these contracts. This did not stop global commodity trading giant Glencore from buying the Chinese futures on the first day of trading. About 19 foreign brokers had registered to trade the contracts as of last week, the exchange said. (more...)
First non-stop flight between United Kingdom and Australia lands at Heathrow First non-stop flight between United Kingdom and Australia lands at Heathrow
- March 26, 2018

This will include direct flights from East Australia to Europe on a route called the Sunrise Project. Qantas chief executive Alan Joyce past year said such flights were "the last frontier of global aviation ... The Western Australia government is hoping the new route will open up more tourism to the west of the country. Aviation consultant John Strickland said the launch of the flights is a significant moment for the airline industry. (more...)
Footage of autonomous Uber vehicle hitting pedestrian sparks outrage Footage of autonomous Uber vehicle hitting pedestrian sparks outrage
- March 24, 2018

The fatal collision between a self-driving Uber SUV and a pedestrian in Arizona marked the first death involving a fully autonomous test vehicle, as reported by The Associated Press . Humphreys said that if the laser sensors called the lidar failed to work "this accident calls into question Uber's ability to correctly and promptly interpret its data". (more...)
United Airlines Bumps Woman From Flight, Gives Her $10000 Travel Credit United Airlines Bumps Woman From Flight, Gives Her $10000 Travel Credit
- March 24, 2018

Allison Preiss was about to board a flight from Dulles, Virginia, to Austin, Texas, when the boarding kiosk informed her she had to give up her spot. David Dao was beaten and injured while being removed from an overbooked flight. United confirmed to USA Today in an email that Preiss was offered the $10,000 voucher. (more...)
WhatsApp co-founder wants you to delete your Facebook account WhatsApp co-founder wants you to delete your Facebook account
- March 22, 2018

He also appears to have an interest in expensive sportscars, as the only Facebook groups he's a public member of are "Air Cooled Porsche 911 and 912" and two other vehicle groups. The data was accessed by Cambridge Analytica from the creator of a quiz taken by 270,000 Facebook users. Acton carried on working for the messaging app until last September, when he announced he was leaving to set up a foundation. (more...)
Sensex pares losses, rises over 100 points ahead of US Fed meet Sensex pares losses, rises over 100 points ahead of US Fed meet
- March 21, 2018

The Sensex started the week with a smart rise of 33,468.16 and hovered between 34,077.32 and 33,119.92, it closed the week at 33,176.00, showing a fall of 131.14 or 0.39 per cent. Other laggards included Wipro , Yes Bank, Coal India, Infosys, Asian Paint, Bajaj Auto, Adani Ports, SBI, Tata Motors, Kotak Bank, Sun Pharma, ICICI Bank, Hero MotoCorp, Dr Reddy's, HDFC Ltd, Axis Bank, IndusInd Bank, RIL, ITC Ltd, ONGC, HDFC Bank and M&M that lost up to 2.60 per cent. (more...)
US Supreme Court Questions Women Access to Abortion Information
- March 21, 2018

Even Justice Sonia Sotomayor, one of the court's most liberal members, called one potential application of the law "burdensome and wrong". Justice Samuel Alito seemed to agree and pointed out that the California law exempts many clinics that offer abortion. (more...)
Protesters gather for dog who died on United Airlines flight Protesters gather for dog who died on United Airlines flight
- March 20, 2018

Animal lovers protested at New York's Laguardia Airport after a puppy stowed in the overhead bin on a United Airlines flight died. United said that the dogs were put on the wrong planes when being moved from connecting flights in Denver. The law would make it illegal for animals to be placed in overhead compartments, and makes sure they have reasonable access to food, water and necessary medication. (more...)
This mall chain is the latest to file for bankruptcy protection This mall chain is the latest to file for bankruptcy protection
- March 20, 2018

The company comprises 7,500 stores, concession locations, and franchise stores under the Claire's and Icing brands. The company in a statement said it was confident it would come through the restructuring process, and plans to come out of Chapter 11 in September with more than $150 million in cash. (more...)
United Airlines has third dog-related mishap in a week United Airlines has third dog-related mishap in a week
- March 18, 2018

The dog was mistakenly loaded on the plane but was later "safely delivered to its owner", she said. Then, days later, the airline sent a German Shepard that was supposed to go to Kansas was sent to Japan. Things just got even worse for United Airlines. Sens. John Kennedy, R-La., and Catherine Cortez Masto, D-Nev., introduced a bill Thursday to prohibit airlines from storing animals in overhead compartments. (more...)
Pascagoula High School Participates in National Walkout Day Pascagoula High School Participates in National Walkout Day
- March 17, 2018

Students spoke, and then the names of the victims, along with short biographies, were read. In response, Keranen reached out and stated gathering up other students. "Time for action!" they chanted. A video taken by local radio station K-Dock shows almost 100 Marshfield students calling out " we want change ". (more...)
United apologizes for dog fatally stuffed in overhead bin United apologizes for dog fatally stuffed in overhead bin
- March 16, 2018

Ceballos says they listened as the dog barked during the first part of the trip, but were unable to check on him because of turbulence. They were shocked when they found a Great Dane waiting for them. - Take nonstop flights to avoid layovers, which increase the chances your pet could be mishandled or left longer in the cargo hold. The airline said the kennels, which were likely stored in the cargo bay, were similar. (more...)
Toys R Us said to be planning to liquidate its U.S. operations Toys R Us said to be planning to liquidate its U.S. operations
- March 16, 2018

Kirkland & Ellis LLP is serving as principal legal counsel to Toys "R" Us. Brokerage Jefferies estimated that 40 percent of the toy sales up for grabs as a result of the bankruptcy would flow to Amazon and 30 percent to Walmart . "We're putting a for sale sign on everything", Brandon said earlier on a conference call with staff, according to the Wall Street Journal . But that's far from certain. (more...)
IHeartMedia, owner of 6 Eau Claire radio stations, files for bankruptcy IHeartMedia, owner of 6 Eau Claire radio stations, files for bankruptcy
- March 16, 2018

On Monday it disclosed that it continued exchanging proposals with creditors, but no agreement had been reached. The San Antonio-based company is the largest radio station group owner in the U.S., overseeing more than 850 terrestrial radio stations. (more...)
Tillerson Delivers Farewell Statement Jam-Packed With Not-So-Subtle Jabs at Trump Tillerson Delivers Farewell Statement Jam-Packed With Not-So-Subtle Jabs at Trump
- March 14, 2018

He spoke on Tuesday of his desire to break the deal, but noted that Mr Tillerson "felt a little bit differently, so we were not really thinking the same". Now there are even reports that Tillerson didn't know he'd been fired until he saw it on Twitter. Trump sees three defects in the deal: its failure to address Iran's ballistic missile programme; the terms under which global inspectors can visit suspect Iranian nuclear sites; and "sunset" clauses under which limits on the Iranian ... (more...)
MedEquities Realty Trust reports 4Q results MedEquities Realty Trust reports 4Q results
- March 12, 2018

About 7.71M shares traded. (NYSE: DLR ) news were published by: Seekingalpha.com which released: "Digital Realty down after Q4 FFO miss" on February 15, 2018, also Seekingalpha.com with their article: "Digital Realty Trust (DLR) Q4 2017 Results - Earnings Call Transcript" published on February 16, 2018, Nasdaq.com published: "Digital Realty (DLR) Beats Q4 FFO Estimates, Affirms View" on February 16, 2018. (more...)
'Pharma Bro' Martin Shkreli tearfully apologizes, then sentenced to 7 years 'Pharma Bro' Martin Shkreli tearfully apologizes, then sentenced to 7 years
- March 11, 2018

Shkreli is not a child", said Assistant U.S. Attorney Jacquelyn Kasulis , according to The Associated Press . This is my fault. "I am no victim here", Shkreli said , before breaking down into tears as he promised his lawyer not to let him down in his efforts to contribute to society. (more...)
Credit Suisse Group Upgrades Mondi (MNDI) to Outperform
- March 10, 2018

Therefore 100% are positive. Centrica PLC had 257 analyst reports since July 24, 2015 according to SRatingsIntel. Bank of America upgraded Ares Management, L.P. It has underperformed by 16.70% the S&P500. The firm has "Hold" rating given on Tuesday, August 30 by Beaufort Securities. Numis Securities maintained Foxtons Group PLC (LON:FOXT) rating on Wednesday, February 28. (more...)
Waymo is testing self-driving trucks in Atlanta Waymo is testing self-driving trucks in Atlanta
- March 10, 2018

The work being done with Google's logistics team means that it can also plug into an existing system for allocating loads, connecting shippers, factories, distribution centres, ports and more to have them ready to slot into the existing freight shipping ecosystem when fully ready. (more...)
Heavy snow causes flight cancellations at Bradley Heavy snow causes flight cancellations at Bradley
- March 10, 2018

About 587 flights were cancelled at LaGuardia Airport and are experiencing delays of about 15 minutes of less, the airport said. John F. Kennedy International Airport had 571 flights cancelled and Philadelphia cancelled 317. Fort Lauderdale-Hollywood International also has had its schedule thrown into chaos by the massive winter storm . Airport officials are advising passengers to check in with their airline on their individual flight itineraries or for any potential re-booking options. (more...)
3 hostages taken, shots fired at Yountville Veterans Home 3 hostages taken, shots fired at Yountville Veterans Home
- March 10, 2018

Officers say the gunman has taken three people hostage. Kramer's wife, Devereaux Smith, was one of the people allowed to leave. The Napa Valley Register reported an armed gunman, dressed in black with body armor, entered the building and may have taken hostages. (more...)
Amazon may team with banks to offer checking accounts Amazon may team with banks to offer checking accounts
- March 06, 2018

Now, Amazon is looking to move further into financial services . Amazon is talking with various banks to offer up a checking account service for younger customers who do not have credit cards and bank accounts. "Pricing is a concern: if banks are cut out of the primary customer relationship, can they set prices high enough to make a return?" Shares of Amazon AMZN surged more than 1.2% in late-morning trading Monday after new reports linked the company to the financial industry, ... (more...)
Winds calm for Stadium Series; Leafs vs. Capitals Winds calm for Stadium Series; Leafs vs. Capitals
- March 05, 2018

The expected recovery time for Matthews was two-to-four weeks, which means the earliest return would be the Leafs next home game against the Pittsburgh Penguins next Saturday, but based on Toronto being guaranteed third spot in the Atlantic Division and Boston having four games in hand, it is very possible that the Leafs medical staff will be extra careful with their leading scorer and hold him back until he is 100% healed. (more...)
Tripura drubbing may force CPM to rethink alliance with Cong Tripura drubbing may force CPM to rethink alliance with Cong
- March 05, 2018

March 03 (ANI): Prime Minister Narendra Modi on Saturday said that the northeast has come forward to lead India on the path of development. Sarkar, however, will continue to be the caretaker Chief Minister until the new government sworn in. (more...)