Business

Business Uber is phasing out its subprime car-leasing division after massive losses
Author: 0 Uber is phasing out its subprime car-leasing division after massive losses

The leasing division saw losses of about $9,000 per auto, more than the estimated losses of around $500 per vehicle, the Journal said. Uber now has about 40,000 vehicles in the program, which it leases to drivers. While conceived as a way to help new drivers get started, the program also left some drivers shackled with commitments they were unable to meet, Bloomberg reported previous year.

Business Dow tracks 9th straight day of record close
Author: 0 Dow tracks 9th straight day of record close

Buying appetite was seen cooling in early trade after the S&P 500 index and the Dow ended at fresh records on Monday, with some investors expressing concerns about lofty equity valuations. LOOKING GOOD: Michael Kors climbed 22.1 percent after the luxury handbag and apparel designer and retailer's latest quarterly results beat analysts' forecasts as sales improved.

Business Bump-Rate of Airline Passengers at Lowest Level Since '95
Author: 0 Bump-Rate of Airline Passengers at Lowest Level Since '95

Previously, the lowest quarterly rate was 50 per million from July to September 2002. Complaints about airline service are up by 7.8 percent since past year, according to the same report, regarding a range of issues including flight problems, baggage, reservation and ticketing, refunds, customer service, disability access, and discrimination.

Author: 0 Asean, China Adopt Framework for Crafting Code on South China Sea

North Korea's tests of intercontinental ballistic missiles, are expected to dominate Monday's ASEAN Regional Forum (ARF), which gathers 27 foreign ministers - including those of Russia, Japan, the United States, China and North and South Korea - to discuss security issues.

Business Nadeem Muhammad Guilty of Ryanair Pipe Bomb Attempt
Author: 0 Nadeem Muhammad Guilty of Ryanair Pipe Bomb Attempt

Muhammad claimed in court that he had never seen the device before and that it had nothing to do with him. The device was confiscated but swabs failed to detect any explosives. The jury took 15 hours to deliver a majority verdict of 10 to two. Muhammad will be sentenced on August 23. But prosecutors said Muhammed meant to detonate the device during the Ryanair flight.

Author: 0 Walt Disney Co (DIS) Q3 Earnings Mixed, Will Acquire Majority Of BAMTech

Other large investors have also modified their holdings of the company. Walt Disney Company (The)'s quarterly revenue was up 2.8% on a year-over-year basis. InterOcean Capital LLC boosted its position in Walt Disney Company (The) by 14.5% in the fourth quarter. It also reduced its holding in Wells Fargo & Co New (NYSE:WFC) by 72,641 shares in the quarter, leaving it with 3,455 shares, and cut its stake in Biogen Idec Inc (NASDAQ:BIIB).

Business Plains All American Pipeline, LP (NYSE:PAA) Plunges -16.67% Pre-Market
Author: 0 Plains All American Pipeline, LP (NYSE:PAA) Plunges -16.67% Pre-Market

HITE Hedge Asset Management LLC now owns 775,310 shares of the pipeline company's stock worth $25,035,000 after buying an additional 758,288 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Plains All American Pipeline , L.P.by 2.5% in the first quarter. Shareholders of record on Monday, July 31st will be issued a dividend of $0.55 per share.

Business Of Virginia VA Has $6.97 Million Stake in CVS Health Corporation (CVS)
Author: 0 Of Virginia VA Has $6.97 Million Stake in CVS Health Corporation (CVS)

Azimuth Capital Management Llc decreased Cvs Health Corp (CVS) stake by 30.1% reported in 2016Q4 SEC filing. The stock has decreased 19 percent in the last 12 months. This represents a $2.00 annualized dividend and a yield of 2.57%. Cam Group Inc A S reported 4.69% in CVS Health Corp (NYSE:CVS). If you are viewing this article on another publication, it was illegally stolen and republished in violation of USA and worldwide trademark and copyright legislation.

Business Banco Santander, SA (SAN) Stake Raised by Bank of Nova Scotia
Author: 0 Banco Santander, SA (SAN) Stake Raised by Bank of Nova Scotia

Finally, SOL Capital Management CO increased its position in shares of Banco Santander, by 3.5% in the first quarter. LLC now owns 7,497 shares of the bank's stock worth $188,000 after buying an additional 1,612 shares during the period. The ex-dividend date of this dividend is Thurs, Aug 3rd. Banco Santander, 's dividend payout ratio (DPR) is 37.50%. ILLEGAL ACTIVITY NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives.

Business Why Michael Kors Earnings Are Awesome Despite Falling Sales
Author: 0 Why Michael Kors Earnings Are Awesome Despite Falling Sales

These are 2 Sell Ratings, 20 Hold Ratings, 3 Buy Ratings. Therefore 50% are positive. The rating was upgraded by BB&T Capital on Friday, August 7 to "Buy". $260,215 worth of Plexus Corp. Michael Kors Holdings Limited (NYSE:KORS) reported Q1 2018 earnings this Morning, coming in at $0.80 per share, beating Wall Street's estimates of $0.62 per Share.

Business Analyst Ratings Buzz: Avis Budget Group, Inc. (CAR)
Author: 0 Analyst Ratings Buzz: Avis Budget Group, Inc. (CAR)

The company had a trading volume of 8,181,773 shares. Markston holds 0% of its portfolio in Avis Budget Group Inc . The average 12 month price target among brokerages that have issued a report on the stock in the a year ago is $34.63. COPYRIGHT VIOLATION WARNING: This report was originally published by Stock Observer and is the property of of Stock Observer. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover auto having a buy-equivalent rating.

Business Didi Chuxing's proxy war with Uber has expanded to the Middle East
Author: 0 Didi Chuxing's proxy war with Uber has expanded to the Middle East

Today Chinese ride-hailing giant Didi announced it's completed a "strategic investment" in Careem, Uber's main rival in the Middle East. The investment amount was not disclosed. It has raised north of $500 million in equity funding, including a recent chunky $150 million round of financing from big-name companies, including Daimler.

Business Triumph announce partnership with Bajaj
Author: 0 Triumph announce partnership with Bajaj

The new alliance will help Triumph enter new markets where Bajaj already has a strong presence, and help in expansion of its global presence in certain high-volume markets. One potential complication is Bajaj's relationship with KTM though. It is expected that Bajaj Auto and Triumph will jointly focus on developing bikes in the the 250-700 cc segment.

Business Who would be willing to fly in a pilotless plane? Hardly anyone
Author: 0 Who would be willing to fly in a pilotless plane? Hardly anyone

Commercial aircraft have already started using onboard computers and technology, including the autopilot system, to perform various tasks. "The opportunity, we believe, would be dependent on the timing of the roll-out of pilotless planes and we think it is likely we would initially see cargo the first subsector to adopt new related technologies, with the number of pilots falling from two to one and eventually from one to none", the note said.

Business Coca Cola Co (NYSE:KO) Institutional Investors Sentiment
Author: 0 Coca Cola Co (NYSE:KO) Institutional Investors Sentiment

First Houston Capital, Inc. claims 10,100 shares worth $453,000. Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Coca-Cola Company (The ) during the fourth quarter worth $1,486,731,000.

Business McDonald's seeks bigger bite in China with strategic tie-up
Author: 0 McDonald's seeks bigger bite in China with strategic tie-up

Under the deal announced earlier this year, McDonald's still holds a 20% stake in the business. The burger chain giant said it was aiming to open more of its restaurants in cities in China that are lower-tier, boost its capacity for delivery and introduce a personalized and digitalized dining experiences to more customers in China.

Business Sarah Harding and Amelia Lily impress with CBB duet
Author: 0 Sarah Harding and Amelia Lily impress with CBB duet

Last month, it was reported that Cheryl unfollowed Sarah on Twitter ahead of her appearance on Celebrity Big Brother - and now Sarah has confirmed that the pair have fallen out. Following the band's split, Cheryl, Kimberley Walsh and Nicola Roberts have remained very close, but a distance seems to have formed between the clique and Sarah and Nadine Coyle .

Business 'Top Chef' host Lakshmi testifies in Teamsters extortion trial
Author: 0 'Top Chef' host Lakshmi testifies in Teamsters extortion trial

The four Teamsters - Fidler, Daniel Redmond, Robert Cafarelli and Michael Ross - have pleaded not guilty to conspiracy and attempted extortion charges. "I could hear a lot of yelling, exchanges, " she testified. Jurors will now be asked to weigh in on whether the Teamsters' actions constituted illegal extortion or whether they were merely an expression of free speech and the right to picket for better wages and working conditions.

Business Google Makes New Mark On Publishing With Stamp Project
Author: 0 Google Makes New Mark On Publishing With Stamp Project

Stamp is part of Google's ongoing effort to work with publishers on new features for its Accelerated Mobile Pages, or AMP, project a company spokesperson told the Journal. The Journal goes on to say Google is already in talks with CNN , The Washington Post , Time, Vox Media , and others. It seems that not many influencers are keen to build their profiles on Snapchat.

Business Mazda will use diesel technology to make more frugal petrol engines
Author: 0 Mazda will use diesel technology to make more frugal petrol engines

As a result, Mazda says the CCI engine uses an air-fuel ratio that is two times thinner, which is quite extraordinary. This is what Mazda is calling controlled compression ignition (CCI). Mazda is developing a new engine strategy called SKYACTIV-X, which entails a new type of petrol engine that can operate without the need for spark plugs.

Business FSA confirms contaminated eggs imported to UK
Author: 0 FSA confirms contaminated eggs imported to UK

Commission spokeswoman Anna-Kaisa Itkonen said the aim was "to share the information so that everybody knows that it's now also up to the Swedish, Swiss, French and to the United Kingdom national authorities to check". They say it is as a precautionary measure. The contaminated egg scandal broke last week when up to 180 Dutch farms were shuttered due to the presence of fipronil discovered in some of the eggs.

Business 'Jab Harry Met Sejal' has a huge drop in numbers on Monday
Author: 0 'Jab Harry Met Sejal' has a huge drop in numbers on Monday

After Shah Rukh Khan and Anushka Sharma carried out heavy promotions for Jab Harry Met Sejal , testing their marketing abilities with new and rather unexplored strategies of the film's promotion, they were successful in generating a decent buzz before the release of the film.

Business Couple Buys Mansion-Lined San Francisco Street for $90K
Author: 0 Couple Buys Mansion-Lined San Francisco Street for $90K

Still, in May of this year, the owners of 35 of San Francisco's most exclusive and expensive homes became aware of a decidedly undesirable development: they no longer owned their private street. There were all sorts of "random, scrappy properties, including underwater properties, a very eclectic mix", Cheng said. "Part of Pacific Heights, the right location, land in a good neighborhood.

Business CBA dumps bonuses amid alleged money-laundering scandal
Author: 0 CBA dumps bonuses amid alleged money-laundering scandal

The case is the largest of its kind in Australian corporate history, and sent Commonwealth Bank shares sliding for their biggest one-day decline in 18 months on Friday. Remuneration packages for the 2016/17 financial year will be announced in next week's annual report, while CBA is expected to report a near-$10 billion profit when it releases full-year results on Wednesday.

Business United Kingdom property growth rate being hampered by uncertainty
Author: 0 United Kingdom property growth rate being hampered by uncertainty

While the property is still growing, it is doing so at a slower rate than many observers expected. The slowdown in house prices has been a continuing trend since the beginning of this year as buyers see their wage growth fall behind inflation levels, resulting in a squeeze on spending power.

Business Endeavour Silver Corporation Or (EXK) Reaches New 52-Week High
Author: 0 Endeavour Silver Corporation Or (EXK) Reaches New 52-Week High

For the next financial year, analysts forecast that the company will post sales of $846.53 million per share, with estimates ranging from $817.66 million to $884.48 million. Market Capitalization if basically the market value of the company's shares outstanding. MAG Silver Corp (MAG) opened at 12.24 on Wednesday. The stock price is sinking -5.76% to $2.29.

Business Alibaba, Marriott in JV for travel benefits
Author: 0 Alibaba, Marriott in JV for travel benefits

The partnership will see Alibaba tapping into Marriott's worldwide portfolio of brands and hospitality expertise to customise travel experiences, while Marriot's storefront will be featured on Fliggy, Alibaba's travel service platform that will market directly to millions of its users.

Business Carillion plc (LON:CLLN) Downgraded by JP Morgan Chase & Co
Author: 0 Carillion plc (LON:CLLN) Downgraded by JP Morgan Chase & Co

The Company is engaged in the business of upstream oil and gas exploration and production. It has a 13.24 P/E ratio. The Company's segments include UK Bus, UK Coach, German Rail, North America (operates school bus and transit services), Spain and Morocco (operates bus and coach services), and Central functions.

Business Vegan cafe charges 18 percent 'man tax' to fight inequality
Author: 0 Vegan cafe charges 18 percent 'man tax' to fight inequality

August's earnings are going to Elizabeth Morgan House, which helps Aboriginal women and children. The unique establishment aims to address the gender wage gap with the 18 per cent man tax and start a conversation on the issue. One customer 7 News spoke to agreed with the idea, saying, "I think it's fair - if you think about the world and the gender inequality that we have".

Business Auburn police say carbon problem resolved in cruisers
Author: 0 Auburn police say carbon problem resolved in cruisers

The carbon monoxide issue that sent six Auburn, Massachusetts police officers to the hospital last week has been resolved. In Austin, Texas, almost 400 Ford explorers have been pulled from the streets after at least 20 officers tested positive for high levels of carbon monoxide.

Business FX To Offer Premium, Ad-Free Platform For Comcast Subs
Author: 0 FX To Offer Premium, Ad-Free Platform For Comcast Subs

It's also worth noting that several of FX's top shows are already available through competing streaming services, giving users less of an incentive to pay for this new service. FX says that due to the number of episodes in its library, shows will be rolled out over a period of time . Because of FX's streaming deals with Hulu and Netflix however, there are still a few limitations.

Business The Dow edges up to book its ninth consecutive record high
Author: 0 The Dow edges up to book its ninth consecutive record high

Disney reports earnings after the market closes on Tuesday. The economic calendar for this week is relatively quiet, although traders are likely to keep an eye on remarks by several Federal Reserve officials. Heck.there may not be any Washington news to take the stocks lower? Crude oil was 0.5 percent higher with prices at $49 per barrel. "Earnings have been pretty good".

Business Lapse of work done for the Waterloo Upgrade so far
Author: 0 Lapse of work done for the Waterloo Upgrade so far

The works to extend platforms in order to allow longer passenger trains operate on the network will see seven stations close until the end of August. South West Trains says it will only pay compensation on days which lead to "severe disruption" and "no alternative transport" under the organisation's passenger charter.

Author: 0 Whitman Howard Reiterates Buy Rating for Stock Spirits Group PLC (STCK)

Equity analysts at Barclays Capital have GBX 540.00 TP on Meggitt PLC (LON:MGGT). Deutsche Bank AG reduced the price target on Marston's from GBX 145 ($1.91) to GBX 135 ($1.78) and fixed a hold recommendation for The corporation in a study report published on Fri, Jun 23rd.

Business ASEAN, China officially approve draft COC framework
Author: 0 ASEAN, China officially approve draft COC framework

Tillerson aide R.C. Hammond said that after a productive first day, Tillerson spent several hours preparing for Day 2. The others present were (from left) Malaysian Foreign Minister Anifah Aman, Myanmar's Minister of State for Foreign Affairs U Kyaw Tin, Thailand's Foreign Minister Don Pramudwinai, Vietnam's Foreign Minister Pham Binh Minh, Singapore's Foreign Minister Vivian Balakrishnan, Philippine Foreign Affairs Undersecretary Manuel Teehankee, Brunei's Foreign Minister Lim Jock Seng, ...

Business De Blasio wants to tax the rich to pay for subway repairs
Author: 0 De Blasio wants to tax the rich to pay for subway repairs

The transit system in Seattle began offering reduced fares for low-income riders in 2015 and has signed up more than 40,000 people . "Taking responsibility is the first step toward a solution", de Blasio told a news conference, emphasizing that the system is controlled by the state.

Business SoftBank Chief Says He Wants Stake in Uber or Lyft
Author: 0 SoftBank Chief Says He Wants Stake in Uber or Lyft

That had fuelled the notion that Son is helping to organise an anti-Uber alliance. The Japanese conglomerate also logged gains from its Yahoo Japan business, but they were offset by sluggish domestic telecom operations and losses at British iPhone chip designer ARM Holdings, which SoftBank bought previous year.

Business Govt deactivates 11 lakh PAN cards; Here's how you can check yours
Author: 0 Govt deactivates 11 lakh PAN cards; Here's how you can check yours

It may be noted that Aadhaar-PAN linking makes e-verification of your online tax returns a hassle-free exercise. In July it deactivated 11.44 lakh PAN cards, as it's not legal to have more than one PAN card by law. Provide additional information'. In that case, you will have to additionally provide your father's name and other identification details. But in case if you details match with more than one PAN card, which indicates multiple PAN cards with same personal details, you will ...

Business Key Indian benchmarks close lower on Monday
Author: 0 Key Indian benchmarks close lower on Monday

However, the BSE market breadth was bullish with 1,550 advances and 1,055 declines. "Markets ended marginally lower on Monday after a rangebound session". On the other hand, Tata Steel (4.26%), State Bank Of India (1.85%), Adani Ports and Special Economic Zone (1.59%), ICICI Bank (1.28%), Bharat Heavy Electricals (0.94%), and Coal India (0.84%) were the biggest gainers in the Sensex .

Business CBA blames faulty code for alleged law violations
Author: 0 CBA blames faulty code for alleged law violations

His lower figure of $72 million is arrived at by multiplying the number of times the bank breached section 41 of the Anti-Money Laundering and Counter-Terrorism Financing Act. The syndicate then obtains details of a bank customer to make seemingly legitimate money transfers in that customer's name. Morgan Stanley analyst Richard Wiles also noted the size of penalties paid by banks in foreign jurisdictions, saying since 2009 European banks covered by the firm had received $US17 billion in ...

Business Bolstered by UN, nations step up bid to isolate North Korea
Author: 0 Bolstered by UN, nations step up bid to isolate North Korea

On the territorial disputes in the South China Sea that embroil ASEAN members Brunei, Malaysia, the Philippines and Vietnam, the 10 foreign ministers on Saturday approved a framework of a long-proposed code of conduct aimed at preventing clashes in the disputed waters, Bolivar said.

Business Renault signs landmark auto deal in Iran
Author: 0 Renault signs landmark auto deal in Iran

Monday's deal is worth about EUR660 million ($777 million) in its first phase, Mansour Moazami, the head of IDRO , said, according to the official Islamic Republic News Agency. European energy and infrastructure giants, including Germany's Siemens AG and France's Total SA, have reached major deals in Iran since the lifting of sanctions, defying a push by the U.S.