Thursday, 18 October 2018
Latest news
Home » Finance

Finance

AT&T deal with Cohen specified providing advice on Time Warner merger

perth_map

As Donald Trump's longtime personal attorney, Michael Cohen earned a reputation as the "fixer" for the Manhattan real estate tycoon and a pit bull defender of his larger-than-life boss. "Novartis paid Mr. Cohen tons of of 1000's greater than it paid its big-shot lobbyists in Washington". Federal law requires companies such as AT&T to register individuals as lobbyists if they devote at least 20 percent of their time contacting and trying to influence key government decision-makers, ... Read More »

Brokerages Set Pattern Energy Group (PEGI) Target Price at $22.96

Shares of PEGI traded down $0.43 during mid-day trading on Friday, reaching $18.16. About 458,853 shares traded. (NASDAQ:PEGI), so far this year is at -2.90%. Alphaone Investment Limited Liability Co holds 0.01% of its capital in Pattern Energy Group Inc. (NASDAQ:PEGI) for 34,196 shares. The Cbre Clarion Securities Llc holds 98,400 shares with $2.12M value, up from 35,200 last quarter. Read More »

India's Industrial production stands at 4.4 percent

perth_map

Electricity production grew 5.9 percent in March from 4.5 percent in February, and 6.2 percent a year ago, while mining activity grew at 2.8 percent from a contraction of (-) 0.3 percent in February and 10.1 percent jump a year ago. On the other hand, the industry group "Other manufacturing " has shown the highest negative growth of (-) 30.7 percent followed by (-) 20.6 percent in "Manufacture of tobacco products " and (-) 18.6 percent in "Manufacture of wearing apparel". Read More »

Spectris plc (LON:SXS) Weekly Ratings as of May 11, 2018

Whitman Howard maintained the shares of CWK in report on Thursday, February 2 with "Hold" rating. The company was maintained on Tuesday, May 8 by Liberum Capital. Granite Point Capital Management Lp increased Alphabet Inc stake by 1,300 shares to 3,000 valued at $3.16M in 2017Q4. It improved, as 30 investors sold Trifast plc shares while 85 reduced holdings. Read More »

Walmart eyes Flipkart IPO in as early as four years

perth_map

A majority of Flipkart's minority shareholders also have a right to take the company for a public offering four years after the deal is completed and at a valuation higher than what Walmart has paid in this transaction. Reuters formerly noted that Google-parent Alphabet was in talks to spend £ 3 billion to get a roughly 15% stake in Flipkart. That deal could be sealed before the close of the Walmart-Flipkart transaction or immediately after, a source told Reuters, declining to be named as ... Read More »

AT&T: Hiring Trump attorney Cohen was 'big mistake'

perth_map

Cohen "approached" Quinn's Washington office of AT&T "during the post-election transition period and said he was going to leave the Trump Organization and do consulting for a select few companies that wanted his opinion on the new President and his administration - the key players, their priorities, and how they think", AT&T said Friday. Read More »

China's Didi suspends car-pool service after passenger murder

perth_map

While Didi didn't mention the murder on its microblog, the company said the incident involved a driver who used his father's Didi account to pick up the passenger. Reuters could not reach Liu for comment. In a blog post on Chinese social media site Weibo, Didi announced the suspension of its service and offered a reward for any information about the man who was driving. Read More »

CVS Health (CVS) Position Lessened by Wade GW & Inc

The average twelve-month price objective among brokerages that have issued ratings on the stock in the previous year is $86.35. This organization's stock showed a trading volume of 17.1 million shares, compared to its average daily volume of 8.79M shares. Read More »

Rhumbline Advisers Sells 16136 Shares of Delta Air Lines (NYSE:DAL)

The stock has been moved at 4.31 percent over the last six months and 4.18 percent during past year. As of now, Delta Air Lines, Inc . has a P/S, P/E and P/B values of 0.87, 10.2 and 2.92 respectively. Morgan Stanley maintained it with "Overweight" rating and $72 target in Friday, April 20 report. (NYSE: DAL ) earned "Buy" rating by Stifel Nicolaus. Read More »

SolarEdge Technologies, Inc. (SEDG) - Active Stock Momentum

Percolating inflation also is a pain point for bond prices, which move inversely to yields-a factor that can also amplify already tightening financial conditions for US corporations. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. Read More »

Stamp Out Hunger helps local food banks nationwide

perth_map

Customers should leave their nonperishable food donations in a bag near their mailbox Saturday before their letter carrier arrives. Within the local network, more than 26,500 pounds of food was collected a year ago. "And we're looking forward to that same result this Saturday, May 12 , with our letter carriers". Food banks and pantries often receive the majority of their donations during the Thanksgiving and Christmas holiday seasons. Read More »

Ford could resume F-150 production at two plants next week

perth_map

Dealers' inventories of the f-series trucks are large enough to prevent near term shortages. FBN's Jeff Flock on Ford halting production of the F-150 truck. Parts of the 208,000 square-foot building remain open, but layoffs are believed to be possible. The fire was at the Meridian Magnesium Products of America plant in Eaton Rapids, Michigan, on May 2. Read More »

21st Century Fox (FOXA) Issues Quarterly Earnings Results

Percolating inflation also is a pain point for bond prices, which move inversely to yields-a factor that can also amplify already tightening financial conditions for US corporations. On Thursday, December 21 the stock of Twenty-First Century Fox, Inc . Comparatively, the company has a Gross margin 34.6%. Return on assets (ROA) is a financial ratio that shows the percentage of profit a company earns about its overall resources. Read More »

Shocking Car Accident of Bollywood Actress Jacqueline Fernandez in Bandra

perth_map

She left the party at 2 in the morning and met with the accident at around 2:45 am at Carter Road, Bandra. Reportedly, the party started at 10:30 pm went on till the wee hours. Confirming the news, Jacqueline told The Times of India (TOI), "Yes, it did take place". "Yes, it did take place". The onlookers had this to add,"The Rickshaw driver along with a couple of guys were not in their senses". Read More »

Wall Street rises as oil rally boosts energy stocks

perth_map

ENERGY: Benchmark U.S. crude oil fell 30 cents to $70.84 a barrel in NY. Starbucks (SBUX.O) rose 2.4 percent after Swiss food giant Nestle (NESN.S) said it would pay the world's biggest coffee chain $7.15 billion for the rights to sell its products around the world. Read More »

VSA Capital Reaffirms "Buy" Rating for Independent Oil & Gas (IOG)

In the past seven days, the stock price volatility for Legacy Reserves LP was 6.98%, whereas its volatility in the past 30 days has been 7.75%. Benchmark U.S. Northern Oil and Gas, Inc .is downtrending after having declined 27.35% since May 10, 2017. The profounder technical indicators have offered up some solid data for traders . Read More »

On May, 21 Premium Brands Holdings Corporation (PBH) EPS Estimated At $0.71

Percolating inflation also is a pain point for bond prices, which move inversely to yields-a factor that can also amplify already tightening financial conditions for USA corporations. Earnings per share measures each common share's profit allocation in relation to the company's total profit. The stock was bought at an average price of $33.90 per share, amounting to a transaction worth $50,850. Read More »

Carriers Evaluating Ties to ZTE Amid US Ban

perth_map

ZTE's announcement states that the company has sufficient cash to remain in business "as of now", and is actively seeking a modification or reversal of the denial order from various USA government departments. The Chinese government raised the issue of ZTE last week with a visiting US trade delegation. In Wednesday's statement the firm said it still "maintains sufficient cash" and would continue to pay its debts. Read More »

Court sets aside Omo-Agege's suspension

perth_map

The Senate had last month suspended the senator for 90 legislative days over his comment that "the reordered electoral timetable was targeted at President Muhammadu Buhari ". In addition, he held that the upper legislative chamber was right to have directed its committee to investigate Omo-Agege. "While the legislator has powers to take disciplinary measures against its members, the reason given for the punishment is an unconstitutional reason". Read More »

Theresa May told ministers to get 'hands on' over customs dispute

perth_map

He said: "The Government has some important choices to make ". Peers have warned food prices could go up after Brexit . "But we also want to ensure consumers have access to a wide range of food, which is why we are considering how we best manage border checks and controls when we leave the European Union without impacting the smooth flow of trade". Read More »

Anheuser-Busch InBev (NYSE:BUD) Short Interest Down 42.8% in March

perth_map

The company's 3-months average volume stands at 2.48 million. The higher the volume during the price move, the more significant the progress. When Ave Volume tends to increase, it shows enhanced liquidity. The stock now has Monthly Volatility of 1.64% and Weekly Volatility of 1.72%. A simple moving average (SMA ) is an arithmetic moving average calculated by adding the closing price of the security for some time periods and then dividing this total by the number of time periods. Read More »

AT&T AT&T admits 'big mistake' in hiring Trump fixer Michael Cohen

AT&T recently acknowledged paying some Dollars 600,000 to Cohen, who is under scrutiny for accepting payment from companies and others seeking access to the White House, and for making a USD 130,000 payment to porn star Stormy Daniels. Cohen's company was charged with "creatively address [ing] political and communications related issues facing AT&T ", according to the invoice's "scope of work" section. Read More »

Dena Bank net loss widens to Rs 1225 cr

perth_map

The private sector lender reported a fall of 43.5 per cent in standalone net profit at Rs 144.99 crore in the quarter ended March 31, on higher provisioning for bad loans. The Bank's profit for the quarter was Rs 131.9 crore for the quarter ended March 31, as against 319.70 crore. During the year, the bank issued and allotted 13,59,54,616 equity shares of face value of Rs 10 each at an issue price of Rs 357.84, including premium of Rs 347.84 per equity share, to the government on a ... Read More »

Confidence in Petrobras Brasileiro (PBR) Shares by BofA Merrill Rise

Where Do Relative Strength Index (RSI) Stands? The price of US crude climbed back above $70 a barrel Wednesday, a day after the USA moved to withdraw from a nuclear accord with Iran. Furthermore, the sales growth has been estimated at 8.50% for the period of the last five years. These up or down trends are telling the direction of stock price on basis of moving averages. Read More »

Facecoin? Facebook Planning To Launch Its Cryptocurrency

perth_map

Like many other companies Facebook is exploring ways to leverage the power of blockchain technology. At the time, Beller was the only Facebook employee devoted to studying blockchain, the digital and decentralized ledger that underpins cryptocurrencies like Bitcoin and Ethereum . Read More »

GameStop's New CEO Quits After Only Three Months

perth_map

For the second time in less than half a year, GameStop has a new interim CEO. GameStop has not disclosed the reasons for Mauler's resignation further than citing " personal reasons " as the cause of his resignation. The gaming retailer has ramped up its online presence and began selling more toys and collectibles in response. It also acquired hundreds of AT&T wireless stores in 2016 to help reduce its dependence on video games. Read More »

US 'net neutrality' rules will expire on June 11: FCC

perth_map

The net neutrality rules , which were put in place by the FCC under former President Barack Obama , prevented internet service providers from throttling bandwidth, and from forcing consumers to pay an extra amount for access to specific websites and services. Read More »

Free trading app Robinhood raises $363 million, valuation soars to $5.6 billion

perth_map

US -based mobile stock trading app Robinhood has announced a $363 million Series D funding round that it says will help the firm expand to become possibly the largest cryptocurrency platform. The company, however, is pushing to expand its operations to more states in a bid to make cryptocurrency trading accessible to a wider audience. "The fact that Robinhood has been able to outpace them in terms of users in such a short period of time, I think is quite remarkable". Read More »

AT&T CEO: Hiring Michael Cohen Was a 'Big Mistake,' a 'Serious Misjudgment'

Cohen " said he was going to leave the Trump Organisation and do consulting for a select few companies", AT&T explained. On May 8, 2018, AT&T confirmed the payments. Still, the new revelation in the Time Warner-AT&T merger saga hasn't shaken investor confidence in the potential union by much. His firm Essential Consultants LLC was hired in early 2017 to help the company figure out how to work with Trump and his administration. Read More »

Starbucks changes bathroom policy, promises access to all

perth_map

One had asked to use the bathroom and was told restrooms were only for paying customers. He and his partner sat down to await a business meeting they had scheduled at the store, but were arrested minutes later by police. Starbucks didn't immediately respond to FOX Business' request for further details about its new bathroom policy. The arrest of Rashon Nelson, along with his childhood friend and business partner, Donte Robinson, set off a firestorm for the company, which will shut down more ... Read More »

NVIDIA Corporation (NASDAQ: NVDA)

perth_map

Moreover, Rosenblum Silverman Sutton S F Inc Ca has 4.57% invested in NVIDIA Corporation ( NASDAQ : NVDA ). During the same quarter a year ago, the firm posted $1.13 earnings per share. Also, Director James C. Gaither sold 40,359 shares of the stock in a transaction that occurred on Thursday, February 15th. The disclosure for this sale can be found here. Read More »

Npower to raise energy prices by 5.3%

perth_map

But its customers will see the largest amount added to their bills. British Gas is increasing prices by 5.5% from 29 May, while EDF is raising electricity prices by 2.7%. Why are energy prices rising? "This also means five out of the Big Six have had price rises in 2018". It is now expected a price cap will be introduced for all households with one of these bills, but the timing for when this will be implemented, and the amount it will be, are yet to be confirmed. Read More »

Symantec (SYMC) Updates Q1 Earnings Guidance

perth_map

Barclays lowered shares of Symantec from an "overweight" rating to an "equal weight" rating in a research note on Friday. Among 12 analysts covering Symantec (NASDAQ: SYMC ), 3 have Buy rating, 3 Sell and 6 Hold. Symantec also updated its FY19 guidance to $1.50-1.65 EPS. Also, Director Suzanne M. Vautrinot sold 4,000 shares of Symantec stock in a transaction on Friday, March 9th. Read More »

United Kingdom fines Barclays CEO for trying to unmask whistleblower

perth_map

This, according to the regulators, takes into account 10% of Staley's "relevant annual income" and the fact he had earlier agreed a settlement. Jess Staley is now the first CEO of a major financial institution to be fined and keep his job. The whistleblower flagged issues of a personal nature over Staley and Main's role in dealing with those concerns at JPMorgan. The scandal has been the first test of the FCA's Senior Managers and Certification Regime, which requires officials to be directly ... Read More »

Audi Plans to Sell 8 Lakh Electric Cars in 2025

perth_map

Audi aims to generate operating profit of €1 billion with such new business models by 2025 . The Ducati Panigale V4 is the first bike to put racetrack technology on the road in the form of a four-cylinder series-produced engine, and the Scrambler 1100 extends the scrambler series, which is particularly popular with younger customers. Read More »

Elon Musk Gives Sneak Peak Of Underground Tunnel Opening Soon

perth_map

Strong support from public, elected officials & regulators is critical to success. Musk made the announcement in an Instagram post that included a video taking us through the tunnel, which spans about two miles under the city of Los Angeles , close to Interstate 405 and the airport. Read More »

Unemployment in the region down again, says Statistics Canada report

perth_map

It was the monthly reading's largest annual increase since October 2012. Victoria's rate had climbed from December to March after hitting a low of 3.3 per cent in November. Provincially, nearly 32,000 positions were added over 12 months in goods producing sectors, with the respective oilpatch and manufacturing sectors each posting a yearly gains of 13,000 positions, or about 10 per cent. Read More »

Trump 'fixer' Michael Cohen now the target of prosecutors

Cohen didn't immediately respond to a request for comment. The TV channel reported that it concerned hundreds of thousands of dollars, and the objective of payments and the nature of the business relationship between attorney Michael Cohen and Viktor Vekselberg were still unclear. Read More »

Equifax provides more detail to Congress on cyber security incident

perth_map

The filing was submitted to SEC after the company faced heavy pressure from Congress. "This is not about newly discovered stolen data", Paulino do Rego Barros, Jr., interim CEO of Equifax said in March. "In response to governmental requests for additional information, the company recently analysed the dispute documents stolen in the cybersecurity incident and determined the approximate number of valid United States government-issued identifications that had been uploaded to the dispute ... Read More »

London's Khan Moves to Ban 'Junk Food' Adverts

perth_map

The mayor has also proposed a ban on takeaways opening within 400 metres of schools. Khan has some horror stats to back it up too, warning that almost 40 per cent of London children aged either 10 and 11 are either overweight or obese, so they won't be able to stand of the right-hand side of the escalators soon as they'll take up the entire width of the stairs by the time they've become lumbering 18-year-olds. Read More »

Morrisons Sales Up After "Strong" First Quarter

perth_map

Speaking to the BBC , David Haywood, founder of Maximise UK, said that he believes at least 6% or 73 stores of the combined group's supermarkets are at risk. The two stores combined would boast a strong portfolio of around 2,800 stores, totalling around 30% of the United Kingdom grocery market. The retailer opened two new stores in Abergavenny and St Ives near Cambridge during the period and said a strong start had been achieved at both. Read More »

Watch Out, This Robot Could Run After You

perth_map

In February 2017, Raibert showed off the wheeled version of one of its robots and described it as "nightmare-inducing". Impressively, it is also shown jumping over a log and landing solidly with both feet. The video posted on YouTube shows Boston Dynamics' humanoid robot Atlas running across different types of terrain, from open land to gentle slopes - and nothing can slow him down. Read More »

Korea's Largest Virtual Currency Exchange

perth_map

Bitcoin prices dropped May 11th after regulators investigated South Korea's largest cryptocurrency exchange , Upbit, panicking users. Upbit is world's fourth largest cryptocurrency exchange by 24-hour trading volume as per Coinmarketcap that has over 250 cryptocurrencies listed on its platform. Read More »

Nine Inch Nails Announce 'Bad Witch' EP and US Tour

perth_map

Bad Witch EP will contain six tracks, the names of which can all be found below. The Jesus and Mary Chain will open both nights November 23-24. Better start picking out some pleather trousers and combat boots. In a slightly unusual move, seats to the tour will initially only be sold in person at each venue's box office on a first come, first served basis. Show up to the box office at 1111 Canal St. Read More »

Iran says United States exit from deal will not impact its oil

perth_map

The United States plans to impose new unilateral sanctions after abandoning an agreement reached in late 2015 which limited Iran's nuclear ambitions in exchange for removing joint U.S. By around 8.20 a.m. BST (3.20 a.m. ET) Brent crude, the global oil benchmark , was up 0.4% to trade at $77.66 per barrel, reaching a high not seen since November 2014. Read More »

BOE downs the pound, weak US CPI hardly helps

perth_map

The outlook for the interest rate path in the United Kingdom after May Inflation Report from the Bank of England sees even lower than 90 percent chance for the bank to move in November. "It's likely over the course of the next year rates will go up, likely by the end of the year. that's the most likely thing to happen", Mr Carney said in an interview with the BBC. Read More »