Business

Business Caterpillar shares fall after tax, accounting fraud report
Author: 0 Caterpillar shares fall after tax, accounting fraud report

A report in the New York Times says the federal government is accusing Caterpillar of tax and accounting fraud. Shares of Caterpillar fell 2.2 per cent to US$93.86 in pre-market trading. Federal agents raided three Caterpillar offices in the Peoria areas last week. Ms Robinson was hired by an unspecified United States agency to review Caterpillar's finances, which have been probed by USA tax authorities and Congress over the accounting of a Swiss subsidiary.

Business Why HPE is spending $1.2 bn for Nimble Storage
Author: 0 Why HPE is spending $1.2 bn for Nimble Storage

Wall Street is only getting more bullish on the stock, with 6 of analysts who cover TGT having a buy-equivalent rating. The company's consensus rating on Reuter's scale improved from 2.29 to 2.33 during a month. The stock gained 0.44% in total of its share price. This represents a $0.26 dividend on an annualized basis and a yield of 1.13%. Hewlett Packard Enterprise Company ( Hewlett Packard Enterprise ) is engaged in offering information technology (IT) and enterprise services ...

Business Corrie McKeague: Bin lorry clue 'only 'means one thing'
Author: 0 Corrie McKeague: Bin lorry clue 'only 'means one thing'

A search of landfill is now underway in Milton, Cambridgeshire, as part of the investigation into how Corrie, 23, disappeared after a night out in September past year. Waste was collected from there just hours later and its route appeared to coincide with the movements of Corrie's phone. 'I have one thousand questions going through my head - not one of them will help me find Corrie.

Author: 0 Arsenal have 1-2 percent chance to advance vs. Bayern Munich - Wenger

But Wenger explained his decision as a purely tactical one and claimed he did not regret his selection. Sanchez is now under the radar of top-flight clubs - including Juventus, Chelsea, PSG, Inter Milan and Atletico Madrid. The decision has become increasingly tricky in recent weeks, with the Gunners having slipped out of the Premier League title race and on the verge of exiting the Champions League after a 5-1 last 16 first leg defeat to Bayern Munich.

Business Stocks Creep Higher After Blowout ADP Jobs Report
Author: 0 Stocks Creep Higher After Blowout ADP Jobs Report

The consensus forecast is for an increase of 188,000 in total payrolls and 185,000 for private jobs, but economists may revise their estimates upward following the ADP report. 'Businesses are anticipating a lot of good stuff - tax cuts, less regulation. The hiring boom in construction was likely driven by unseasonably warm weather in much of the country.

Business Global oil position comfortable till 2020: IEA
Author: 0 Global oil position comfortable till 2020: IEA

On Tuesday, the Energy Information Administration raised its 2017 USA crude output forecast to 9.2 million barrels per day from a prior outlook of 8.98 million and raised its 2018 outlook to 9.73 million from 9.53 million. The agreement was signed for the first half of 2017, with the possibility of extension. The production-reduction agreement was put together "for the benefit of all, and needs to be addressed by all", Mr Al Falih said.

Author: 0 Barclays PLC Begins Coverage on AstraZeneca plc (AZN)

When it comes to the Analysis of a Stock, Price Target plays a vital role. The share price of the company (NYSE:AZN) was down -1.00% during the last trading session, with a high of 29.82 and the volume of Astrazeneca PLC shares traded was 3371419.

Author: 0 Are Freeport-McMoran, Inc. (NYSE:FCX) Shares Headed Higher?

Capital Research Global Investors raised its position in Freeport-McMoran by 22.6% in the third quarter. TRUE Private Wealth Advisors bought a new stake in Freeport-McMoRan during the third quarter worth about $106,000. Several research firms recently weighed in on FCX. Finally, FBR & Co reiterated a "hold" rating on shares of Freeport-McMoran in a research report on Thursday, October 20th.

Business Oil prices fall on doubts over Russian output curbs
Author: 0 Oil prices fall on doubts over Russian output curbs

Saudi Arabia has been responsible for the majority of OPEC's production cuts after a deal in November to limit output by 1.8 million barrels a day. The agreement expires in June. Oil prices at the time were nearing the low-US$30 range. US production will contribute a majority of new supplies, according to the IEA report. "The green shoots are definitely here in the USA, and maybe they are growing too fast", Al-Falih said in reference to his American shale rivals.

Business German industrial production jumps in February, as expected
Author: 0 German industrial production jumps in February, as expected

The early hard data on Germany and elsewhere in the euro-zone suggest that growth will not be as strong as the surveys have implied, Jennifer McKeown, chief European economist at Capital Economics , said . The German government for its part refused to overrate the slump in industrial orders. Within industry, energy output slid 0.7 percent and the production in construction declined 1.3 percent.

Business Saudi says Opec deal invigorating U.S. shale industry
Author: 0 Saudi says Opec deal invigorating U.S. shale industry

The IEA does not see peak oil - the point at which global demand will reach its highest point and then decline - coming in either the short or medium term. At this level, OECD commercial oil stocks were 299 million barrels above the five-year average, OPEC said. "Depending upon our assessment in the first half of the year, we will decide with our partners what to do in the second half", Falih said.

Author: 0 Insider Trading at Interpublic Group of Companies Inc?

The stock stands almost -3.68% off versus the 52-week high and 19.45% away from the 52-week low. (NYSE:KMX) [ Trend Analysis ], stock surged around 0.67% in early session as its gaining volume of 276937. Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Friday, February 10th. Rosen Law Firm reported that it is investigating potential securities claims on behalf of shareholders of The Interpublic Group of Companies, Inc .

Business Trump says he is working on plan to bring down drug prices
Author: 0 Trump says he is working on plan to bring down drug prices

The 25-member Standard & Poor's 500 Pharmaceuticals, Biotechnology & Life Sciences Index dropped as much as 1.3 percent, the most since January 11, when Trump said the pharmaceutical industry is "getting away with murder". Sydney's S&P-ASX 200 shed 0.3 percent to 5,745.50 and Seoul's Kospi was off just under 0.1 percent at 2,092.81. The reserves are down from a peak of $3.99 trillion in June 2014.

Author: 0 Movers to Watch: Endo International plc (NASDAQ:ENDP), Groupon, Inc. (NASDAQ:GRPN)

A number of research firms have recently weighed in on ENDP. Zacks Investment Research raised Endo International PLC from a sell rating to a hold rating in a report on Tuesday, January 10th. Presently, Analysts assigned consensus EPS estimate of $1.12 for present quarter and one month ago projected EPS estimate was set at $1.37, according to FactSet data.

Business Fitbit Finally Made A Good Looking Heart Rate Tracker
Author: 0 Fitbit Finally Made A Good Looking Heart Rate Tracker

According to Fitbit, getting a heart rate monitor into the Alta HR was no easy feat. (Related: Find the Best Fitness Tracker for Your Personality) Now called the Alta HR, this still-slim tracker can (automatically!) monitor your heart rate during HIIT class, keep tabs on calories burned and steps taken, and alert you to incoming calls, text, and calendar entries.

Business Red cards and new bat size laws agreed for cricket
Author: 0 Red cards and new bat size laws agreed for cricket

The laws will be introduced in October. If he or she were batting at the time, the offender will be deemed "retired out". Amateur cricketers will be given a grace period, but professionals will have to get with the programme right away. Currently, the MCC law states that it has to come before the bowler enters their delivery stride, while the ICC playing condition reads: "The bowler is permitted, before releasing the ball and provided he has not completed his usual delivery swing, to attempt ...

Business Boeing rolls out 737 MAX 9, talks up MAX 10X
Author: 0 Boeing rolls out 737 MAX 9, talks up MAX 10X

Like the MAX 8, the MAX 9 is designed for greater fuel efficiency than Boeing's previous generation of single-aisle 737 jets, which make up the world's most widely sold class of airplanes. The concern du jour for the less ambitious MAX 10 appears to be that it is both on active offer to potential customers, yet there is no official delivery date, or schedule for its certification flights.

Business Is Panthers DE Charles Johnson worth his new contract?
Author: 0 Is Panthers DE Charles Johnson worth his new contract?

The 33-year-old Johnson has played all 11 seasons with the Panthers . "He has spent his entire career with the Panthers, has emerged as a leader for us in the last few years, and is a big part of the reason we've had the success we've had", Rivera said.

Business China sees first monthly trade deficit in three years
Author: 0 China sees first monthly trade deficit in three years

That left the country with a trade deficit of 60.63 billion yuan ($8.79 billion) for the month, the General Administration of Customs said. "Exports missed estimates mostly because trade is generally very volatile in the first two months due to the Chinese New Year factor".

Business IEA predicts oil supply shortage and price spike within three years
Author: 0 IEA predicts oil supply shortage and price spike within three years

Meanwhile in a note to its clients, ratings agency Fitch also said the recovery in USA drilling activity will drive up shale oil production in the second half of 2017, "offsetting a portion of recent oil price gains". As oil prices have increased, U.S. producers have deployed more drilling rigs, threatening a rebound in supplies unbound by the output pact. Statements from Saudi Arabia , OPEC's largest member, would be needed to push the price substantially higher, he said.

Business Pier 1 Imports Inc (NYSE:PIR) Lifts Its FY2017 EPS Estimate
Author: 0 Pier 1 Imports Inc (NYSE:PIR) Lifts Its FY2017 EPS Estimate

A rating of 4 or 5 would represent a Sell recommendation. Johnson Rice upgraded Pier 1 Imports from a "hold" rating to an "accumulate" rating in a research report on Thursday, December 15th. If you are viewing this story on another publication, it was illegally copied and reposted in violation of US and global copyright legislation. 12/15/2016 - Pier 1 Imports, Inc .

Author: 0 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Stock current Trends Analysis

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Other hedge funds have also recently added to or reduced their stakes in the company. Needham & Company LLC decreased their target price on shares of Cognizant Technology Solutions Corp from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday, November 7th.

Business Ascena Retail Group Inc. (NASDAQ:ASNA) Institutional Ownership stands at 93.7
Author: 0 Ascena Retail Group Inc. (NASDAQ:ASNA) Institutional Ownership stands at 93.7

Digging a bit further, company shares have been noted -59.50% off the 52 week high and 6.79% away from the 52 week low. Ascena Retail Group had 4 analyst reports since September 20, 2016 according to SRatingsIntel. In related news, Chairman Elliot S. Jaffe sold 9,150 shares of the stock in a transaction dated Monday, December 12th. According to the SEC, on Jun 3, 2016, Robert Giammatteo (CFO) purchased 5,000 shares at $7.18 per share price.

Business Chandoha Sells 7706 Shares of Charles Schwab Corporation (SCHW) Stock
Author: 0 Chandoha Sells 7706 Shares of Charles Schwab Corporation (SCHW) Stock

A number of institutional investors have recently bought and sold shares of SCHW. MD raised its stake in Charles Schwab Corp by 191.2% in the third quarter. The business had revenue of $1.97 billion for the quarter. Charles Schwab Corp had a net margin of 25.26% and a return on equity of 14.65%. Charles Schwab Corp's dividend payout ratio (DPR) is 24.62%.

Business US, Japan seek emergency UNSC talks on North Korea missile launches
Author: 0 US, Japan seek emergency UNSC talks on North Korea missile launches

Japan also plans to reinforce its ballistic missile defenses and is considering buying either THAAD or building a ground-based version of the Aegis system that is now deployed on ships in the Sea of Japan. U.S. Secretary of State Rex Tillerson will visit South Korea next week on his first trip to the region that will also take him to Japan and China, the State Department announced Tuesday.

Author: 0 Chancellor Philip Hammond says there will be no giveaways in Budget

The budget deficit has come down, although not by enough, and Mr Hammond will even have a few pounds to spend on some of the more pressing issues for the government, such as the serious state of health care and the penal local-authority rates that businesses are paying, particularly in London.

Author: 0 Kite Pharma, Inc. (KITE) Stake Increased by BlackRock Advisors LLC

Jefferies Group LLC restated a "buy" rating and set a $72.00 target price on shares of Kite Pharma in a report on Friday, December 9th. Zacks Investment Research downgraded Kite Pharma from a hold rating to a sell rating in a research note on Wednesday, February 8th.

Business HyperLoop One reveals sneak peak of 'train of the future' test
Author: 0 HyperLoop One reveals sneak peak of 'train of the future' test

Elon Musk, who first put forward the Hyperloop concept in 2013, described the revolutionary transport as "a cross between a Concorde, a railgun and an air hockey table". Hyperloop One is the only company now building a functional Hyperloop system, according to its statement . For its first move, Hyperloop One is looking to implement their transportation in the Gulf Cooperation Council (GCC), where they made a deal with the Dubai Roads and Transport Authority in November.

Author: 0 Smart Money Still Has Faith in SL Green Realty Corp. (NYSE:SLG)

BlackRock Fund Advisors now owns 3,061,921 shares of the real estate investment trust's stock worth $330,994,000 after buying an additional 122,860 shares during the last quarter. Morgan Global High Yield & Leveraged Finance Conference on Monday, February 27, at about 2 pm ET. The ex-dividend date of this dividend is Thursday, March 30th.

Author: 0 Where PT Stands For Rite Aid Corporation (RAD)

Vetr upgraded shares of Rite Aid Co. However, Rite Aid's stringent focus on cost management, alongside strengthening its portfolio of health and wellness services has been impressive. The company had Year Ago Sales of 8.27 Billion. The Next Year EPS growth is 66.7%, Long term annual growth estimate of -47.68%, Annual EPS growth past 5 years of -30.12 percent.

Business British Airways to cut legroom on short-haul flights
Author: 0 British Airways to cut legroom on short-haul flights

The Independent has reported that the flight delays could see BA out of pocket by hundreds of thousands in compensation claims. But Mr Leff said: "Reducing product differentiation between BA and its lower cost competitors seems like a mistake".

Author: 0 Informa PLC reiterated as Hold By Kepler Cheuvreux

ARW has been the topic of a number of other research reports. Societe Generale reaffirmed a buy rating and issued a GBX 780 ($9.54) price target on shares of Informa Plc in a research note on Tuesday, November 8th. The company has market cap of $128.38 million. If you are accessing this piece on another domain, it was stolen and reposted in violation of U.S. & global copyright legislation.

Business Forex reserves rise above $3 trillion
Author: 0 Forex reserves rise above $3 trillion

The rise in China's foreign exchange reserves last month suggests that the People's Bank purchased foreign exchange in February and that capital outflows stalled, Julian Evans-Pritchard, a China economist at Capital Economics , said. China will allow bigger fluctuations in the yuan this year, a policy adviser told Reuters on Monday, speaking on condition of anonymity. The yuan, meanwhile, stabilized in February.

Business SEA stocks tread water ahead of Fed meeting
Author: 0 SEA stocks tread water ahead of Fed meeting

Europe's benchmark STOXX 600 eased although it was on track to end the week up more than one percent. A poll on Friday had shown that if Juppe replaced Fillon as the center-right candidate, he would likely win the election's first round, with centrist candidate Emmanuel Macron coming second - a scenario that would knock far-right leader Marine Le Pen out of the race.

Business Analysts Opinions Grabbing Stocks- The Walt Disney (NYSE:DIS), Aramark (NYSE:ARMK)
Author: 0 Analysts Opinions Grabbing Stocks- The Walt Disney (NYSE:DIS), Aramark (NYSE:ARMK)

Credit Suisse Group AG restated an "outperform" rating on shares of Walt Disney in a report on Thursday, February 9th. Other firms include Goldman giving Buy rating on 17-Jan-17. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2017/03/06/walt-disney-co-dis-upgraded-by-vetr-inc-to-buy.html. Meanwhile, EVP, Control, Fin Plan & Tax WOODFORD BRENT sold 2,000 shares worth $221000, through a transaction dated 2017-01-30.

Author: 0 Symantec Corporation (NASDAQ:SYMC)

In ratings table the SYMC given BUY ratings by 11 analysts in current phase. 10 analysts projected on average Earnings. Private Trust Co. NA boosted its position in shares of Symantec Corporation by 0.8% in the third quarter. The consensus rating is 2.5, suggesting the market has given up on the stock. Oppenheimer Holdings, Inc. reiterated an "outperform" rating and issued a $28.00 price target on shares of Symantec in a report on Monday, November 21st.

Business Osinbajo Acting President swears in CJN, Walter Onnoghen
Author: 0 Osinbajo Acting President swears in CJN, Walter Onnoghen

He was appointed into an acting capacity by President Muhammadu Buhari on November 10, 2016 after the retirement of former CJN, Mahmoud Mohammed . Acting President Yemi Osinbajo who performed the ceremony challenged the appointee as head of the Nation's Judiciary to live up to the expectations of the high office by upholding higher moral and ethical standards at all times.

Author: 0 BioScrip Inc (BIOS) Given New $3.00 Price Target at Jefferies Group LLC

Barrington Research's price target would indicate a potential upside of 22.28% from the stock's previous close. They now have a Dollars 3 price target on the stock. The company's market capitalization is $235.36 million. Core revenues totaled $166.8 million for the fourth quarter of 2016, a boost of $21.9 million or 15.1 percent year-over-year.

Business Is Falling US Crude Oil Production Bullish or Bearish for Prices?
Author: 0 Is Falling US Crude Oil Production Bullish or Bearish for Prices?

Oil prices traded mixed Monday on rising USA production and the possibility for the Organization of the Petroleum Exporting Countries (OPEC) to extend cuts. "They will achieve their obligations", Barkindo told reporters. Still, some went bust, and layoffs swept the oil patch. Prices strengthened early in the session after Iraq's oil minister said OPEC would likely need to extend its production cuts into the second half of 2017.

Author: 0 Snap shares fall for second day

Given this two-way affinity between the Arab market and the company, it looks pretty certain that Gulf investors would have been among the early investors who piled into Snap stock and enjoyed such a bumper short-term return. Perhaps the biggest risk factor is that Snapchat openly admits it "may never achieve or maintain profitability". Tech analysts Laura Martin and Dan Medina of Needham wrote in a note that Snapchat's total potential market is 80 percent smaller than Facebook ...

Author: 0 Top Gainers of the Day: Carnival Corporation (NYSE:CCL) from Resorts & Casinos

Asset Advisors Corp now owns 178,725 shares of the company's stock worth $7,900,000 after buying an additional 450 shares during the last quarter. Carnival Corporation closed its last trading session at $55.72 with the gain of 0.04%. Carnival Corporation got Upgrade on 27-Feb-17 where investment firm Argus Upgrade the stock from Hold to Buy. Stifel Nicolaus reaffirmed a "buy" rating and issued a $60.00 price target on shares of Carnival Corporation in a research note on Tuesday, September ...

Business Research Analysts' Recent Ratings Updates for Valeant Pharmaceuticals International (VRX)
Author: 0 Research Analysts' Recent Ratings Updates for Valeant Pharmaceuticals International (VRX)

Valeant Pharmaceuticals Intl had 85 analyst reports since July 21, 2015 according to SRatingsIntel. Ig Invest Mngmt reported 0% in Valeant Pharmaceuticals Intl Inc (NYSE:VRX). This story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and global copyright and trademark law.

Business Parking spot selling for $300000 in Brooklyn
Author: 0 Parking spot selling for $300000 in Brooklyn

I guess that's why I don't own a vehicle, because it's hard to park around here", one local told NBC New York . Howard Pronsky, the garage's owner, said the price is 1,000 percent more than what a space sold for when the garage first opened 30 years ago.

Author: 0 Urban Outfitters, Inc. (URBN) Set to Announce Earnings on Tuesday

Urban Outfitters , Inc ( Urban Outfitters ) is a lifestyle retail company. A number of equities analysts have recently commented on URBN shares. The growth estimate for the next five years is 11.52 percent (per annum). The short ratio in the company's stock is documented at 4.50 and the short float is around of 13.07%. Urban Outfitters (NASDAQ:URBN) headquartered in Philadelphia, Pennsylvania, announced net income for the fourth quarter of $ 64.29 million or $ 0.55 per share, compared to ...

Business Brookfield to buy TerraForm Global, 51 pct of TerraForm Power
Author: 0 Brookfield to buy TerraForm Global, 51 pct of TerraForm Power

After SunEdison's bankruptcy, however, the yieldcos started searching for buyers or new sponsors in an effort to break away from their parent and remain viable companies. SunEdison, once the fastest-growing US renewable energy company, filed for Chapter 11 bankruptcy protection previous year after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable.

Business Uber & Lyft expand to British Columbia
Author: 0 Uber & Lyft expand to British Columbia

Transportation Minister Todd Stone says the provincial government will use the next nine months to consider all of the pros and cons, including passenger safety. Uber or other ride sharing drivers will have to have the same level of insurance and licensing as required for taxi drivers. Fassbender said other cities have welcomed taxi alternatives too quickly and ended up facing unexpected consequences.