Business

Business Rio Tinto slammed with £27m fine
Author: 0 Rio Tinto slammed with £27m fine

The Securities and Exchange Commission today charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. "The Mozambique acquisition was expected to restore the market's confidence in Albanese's deal-making acumen, but on-the-ground realities in Mozambique quickly undermined that narrative", the SEC said.

Business Nifty hits fresh high; Sensex slips from record
Author: 0 Nifty hits fresh high; Sensex slips from record

Sensex touched a record high of 32,687.32 points while 50-stock Nifty index touched its life-time high of 10,242.95 earlier in the previous session. Out of 1,972 stocks traded on the NSE, 705 advanced, 908 declined, and 359 remained unchanged today.

Business Wipro net up 6 per cent in September quarter
Author: 0 Wipro net up 6 per cent in September quarter

Wipro Ltd, India's third-largest software services exporter, posted a six per cent rise in second-quarter profit on Tuesday, helped by an uptick in its banking and financial services segment. Wipro's total income slipped 1.8 per cent to Rs 14,134.8 crore in the quarter under review from Rs 14,407.3 crore in the year-ago period, it added.

Business ENERGY TRANSFER PARTNERS (NYSE:ETP) Sale Analysis
Author: 0 ENERGY TRANSFER PARTNERS (NYSE:ETP) Sale Analysis

The VC1 of Energy Transfer Equity, L.P. (NYSE: ETE ) is 51. It has underperformed by 16.70% the S&P500. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company.

Business American Express Company (AXP) Shares Sold by MUFG Americas Holdings Corp
Author: 0 American Express Company (AXP) Shares Sold by MUFG Americas Holdings Corp

Stoneridge Invest Ptnrs Limited Liability Co stated it has 0.51% in American Express Company (NYSE: AXP ). 104 funds opened positions while 306 raised stakes. After a recent check, it is observed that the insiders for the firm now own 0.20% shares. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

Author: 0 Preferred Apartment Communities, Inc. (NYSE:APTS) Valuation According To Analysts

Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. ILLEGAL ACTIVITY NOTICE: "TIAA CREF Investment Management LLC Has $5.41 Million Holdings in Preferred Apartment Communities Inc". UBS has "Buy" rating and $107 target.

Business Nbn complaints surge 159% in FY17
Author: 0 Nbn complaints surge 159% in FY17

Synonymous with the NBN rollout, for the first time complaints about internet services rank higher than those concerning mobile phones. One of the problems has been service providers offering cheap internet packages that do not meet customers' needs, leading to slow speeds and services that drop out.

Business Brief Overview on Stock's Performances: The Coca-Cola Company (KO)
Author: 0 Brief Overview on Stock's Performances: The Coca-Cola Company (KO)

KEY's revenue has grown at an average annualized rate of about 2.8% during the past five years. Here we will take a look into some valuation metrics for Coca-Cola Bottling Co. The company P/S (price to Sales) ratio is 5.11, P/B (price to Book) ratio is 9.05, while its P/C (price to Cash) ratio stands at 7.28. The Value Composite Two of Coca-Cola Bottling Co.

Business Next Weeks Broker Price Targets For PayPal (NASDAQ:PYPL)
Author: 0 Next Weeks Broker Price Targets For PayPal (NASDAQ:PYPL)

The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.03. Revenue, on the other hand, scored 3.98% growth from the previous quarter, coming up with $3.09 billion.

Business Sidewalk Labs chooses Toronto for its high-tech urban district
Author: 0 Sidewalk Labs chooses Toronto for its high-tech urban district

The site, dubbed Quayside , was initially created to rebuild a 12-acre section of Toronto's eastern waterfront but the project will serve as a model for almost 800 more acres of underdeveloped urban land that Sidewalk envisions can be the home for driverless cars, modular buildings and sustainable thermal power generation, among other innovative features, said Sidewalk in its proposal to Toronto.

Author: 0 Dow Jones crosses 23000 mark for the first time

The Dow finished above 22 ,000 for the first time on August 2. In a broadly flat session for European stocks, Danone hit a fresh record high after the world's largest yoghurt maker posted a better-than-expected 4.7 per cent rise in underlying third-quarter sales.

Business Oil in Iraq-Iran-US rise
Author: 0 Oil in Iraq-Iran-US rise

The Baghdad government recaptured territory across northern Iraq from Kurds on Tuesday, widening a campaign that has shifted the balance of power in the country. This is months after of range-bound trading during which OPEC-led supply cuts buoyed crude prices but rising US output capped markets. During the previous round of sanctions against Iran, around 1 million barrels per day (bpd) of oil supplies were cut off global markets.

Business TD Asset Management Inc. Has $136.89 Million Holdings in Schlumberger NV (SLB)
Author: 0 TD Asset Management Inc. Has $136.89 Million Holdings in Schlumberger NV (SLB)

Schlumberger Limited (NYSE:SLB) touched its 1-Year High price of $87.84 on 01/19/17 and its 1-Year Low price of $62.56 on 08/24/17. It has underperformed by 20.00% the S&P500. Investors sentiment decreased to 0.88 in Q2 2017. About 1.70 million shares traded. Finally, Swiss National Bank increased its holdings in shares of Schlumberger N.V.by 25.8% in the 1st quarter.

Business UnitedHealth Group Inc (UNH) Stock Surges on Q3 Earnings Report
Author: 0 UnitedHealth Group Inc (UNH) Stock Surges on Q3 Earnings Report

Analysts await UnitedHealth Group Inc (NYSE: UNH ) to report earnings on October, 17. It improved, as 53 investors sold UnitedHealth Group Inc shares while 496 reduced holdings. The average 1-year price target for UnitedHealth Group Incorporated ( UNH ) - averaging the work of different analysts - reveals a mean PT of $211.45/share.

Author: 0 Next Weeks Broker Price Targets For Mylan Inc. (NASDAQ:MYL)

The Intact Investment Management Inc holds 15,400 shares with $598,000 value, up from 5,800 last quarter. Since the start of the session, the stock has topped out with a high of 38.54 and bottomed with a low of 37.82. The rating was maintained by Oppenheimer with "Buy" on Tuesday, August 8. The firm has "Hold" rating by Evercore given on Friday, July 1. Investors sentiment increased to 1.28 in 2017 Q2.

Business Donald Trump Drops Down 92 Places in The Forbes Rich List
Author: 0 Donald Trump Drops Down 92 Places in The Forbes Rich List

Twenty-six people dropped off from previous year, including US Commerce Secretary Wilbur Ross. The list, which details the wealth of the richest 400 Americans, showed that Trump's fortune decreased by by $600 million to $3.1 billion, moving him down to the #248 spot from the #156 spot previous year.

Business Plane Fights Through The Wind To Land In Ireland During Storm Ophelia
Author: 0 Plane Fights Through The Wind To Land In Ireland During Storm Ophelia

Aer Lingus cancelled all flights from Cork today. It was nearly tipped sideways and press officer Sean Hassett filmed the plane which was carrying his parents. She died instantly, while her mother, in her 70s, was taken to Waterford Regional Hospital and was treated for non-life threatening injuries. Meanwhile, a man in his 30s was killed in a chainsaw accident as he tried to remove a fallen tree in Cahir, County Tipperary.

Business Supermarket sales lifted by rising prices and early Christmas shopping
Author: 0 Supermarket sales lifted by rising prices and early Christmas shopping

The so-called Big Four - Tesco , Sainsbury's , Morrisons and Asda - all showed sales growth in the 12 weeks to 10 October, according to the results of the latest Kantar Worldpanel survey. This marks a significant change as Asda traditionally sells a greater portion of branded items than its rivals. Its programme of axing cut-price deals helped generate sales growth.

Author: 0 Next Weeks Broker Price Targets For NewLink Genetics Corporation (NLNK)

RTN's SI was 2.73M shares in October as released by FINRA. Amer Economic Planning Group Adv accumulated 0.1% or 5,648 shares. The SI to Raytheon Company's float is 0.94%. Cantab Capital Prns Ltd Liability Partnership invested in 0% or 10,940 shares. Swiss Bank invested 0% of its portfolio in NewLink Genetics Corp (NASDAQ: NLNK ).

Business Morgan Stanley earnings: 93 cents a share, vs 81 cents EPS expected
Author: 0 Morgan Stanley earnings: 93 cents a share, vs 81 cents EPS expected

Based on an average daily volume of 7,599,188 shares, the days-to-cover ratio is now 2.1 days. Morgan Stanley Q3 2017 earnings were released before opening bell this morning. Also, the current price highlights a discount of 34.23% to analysts' high consensus price target. The shares were sold at an average price of $47.26, for a total value of $10,036,417.16.

Author: 0 Goldman Posts Surprise Rise in Earnings

Goldman Sachs Group (GS) has a 14-day ATR of 3.46. The Michigan-based Plante Moran Fincl Advisors Limited Liability Corporation has invested 0.04% in Goldman Sachs Group Inc (NYSE:GS). More interesting news about Goldman Sachs Group Inc (NYSE:GS) were released by: Seekingalpha.com and their article: "Goldman Sachs And The Blockchain" published on October 05, 2017 as well as Bloomberg.com's news article titled: "Apttus Is Working With Goldman Sachs on IPO Plans" with publication date: October ...

Author: 0 Pennymac Mortgage Investment Trust (NYSE:PMT): Positive Stock Sentiment

The stock decreased 0.24% or $0.04 on October 16, reaching $16.91. Blackstone Mortgage Trust Inc (NYSE: BXMT ) has risen 12.11% since October 15, 2016 and is uptrending. The firm earned "Buy" rating on Monday, May 29 by Keefe Bruyette & Woods. The firm has "Outperform" rating given on Monday, April 18 by Credit Suisse.

Business Mazda rotary: What goes around comes around
Author: 0 Mazda rotary: What goes around comes around

The 1991 Le Mans victor is easily one of the fastest cars in the game, and that's mainly because of its incredible rotary engine. Mazda Motor Corp.is moving closer to resurrecting its trademark rotary engine - and it could debut in the United States as soon as 2019.

Business Performance Recap on Shares of Marathon Oil Corp (MRO)
Author: 0 Performance Recap on Shares of Marathon Oil Corp (MRO)

PolyOne Corporation (NYSE:POL) has risen 5.26% since October 15, 2016 and is uptrending. It has outperformed by 11.46% the S&P500. Salient Capital Advisors Llc decreased Marathon Pete Corp ( MPC ) stake by 40.89% reported in 2017Q2 SEC filing.

Business Ruby Tuesday chain to be taken private in $146 million deal
Author: 0 Ruby Tuesday chain to be taken private in $146 million deal

The transaction is expected to close by the first quarter of 2018 and is subject to customary closing conditions. The company reported sales were down 4 percent at established locations. The first Ruby Tuesday restaurant was opened in 1972 near the campus of the University of Tennessee. NRD Capital is an Atlanta-based private equity firm that specializes in franchised and multilocation business investments, including a variety in the restaurant industry.

Business United Kingdom inflation hits 3 pct as Bank of England mulls rate hike
Author: 0 United Kingdom inflation hits 3 pct as Bank of England mulls rate hike

The pound spiked only modestly on the confirmation of expected data, with sterling up less than 0.1% on the dollar at 1.3259 and up 0.3% on the euro to 1.1270. Although he predicts that British Gas's price hikes, which will come into play next month, will add 0.05 percentage points to October's inflation rate, this will be offset by retailers raising prices at a lower rate than a year ago, when they passed on higher sterling-related import prices faster than anticipated.

Business Lufthansa offers to take over bankrupt Alitalia
Author: 0 Lufthansa offers to take over bankrupt Alitalia

Lufthansa did not reveal details of its offer but said it hopes to establish a "new Alitalia". easyJet said its has "submitted an expression of interest in certain assets of a restructured Alitalia, consistent with easyJet's existing strategy for Italy".

Author: 0 Balyasny Asset Management LLC Raises Position in Time Warner Inc. (NYSE:TWX)

About 1.82M shares traded. Time Warner Inc. (NYSE: TWX ) received a Buy rating from 4 analysts. It has outperformed by 19.67% the S&P500. Macguire Cheswick & Tuttle Investment Counsel Llc decreased its stake in Time Warner Inc. 121,984 are owned by State Teachers Retirement. Tfs Cap Lc reported 0.11% of its portfolio in Marchex, Inc. (NASDAQ:AMGN). Stillwater Advsrs Llc accumulated 1,230 shares.

Business National Teen Driver Safety Week approaching
Author: 0 National Teen Driver Safety Week approaching

The site demonstrates that, though teen drivers face many dangers on the road, parent involvement can significantly reduce these crash risks. Officials also say data from the Insurance Institute for Highway Safety points to Graduated Driver Licensing programs as the main reason for the reduction.

Business Were Analysts Bullish Rathbone Brothers plc (LON:RAT) This Week?
Author: 0 Were Analysts Bullish Rathbone Brothers plc (LON:RAT) This Week?

Moreover, Ameriprise Financial has 0% invested in Restore PLC (LON:RST) for 25,737 shares. The Sumitomo Life Insurance Company holds 247,916 shares with $17.09M value, down from 273,061 last quarter. The company now has an average rating of Buy and a consensus target price of GBX 780.33 ($10.37). The stock has "Buy" rating by Peel Hunt on Monday, May 22.

Business Wells Fargo & Company (NYSE:WFC) Shorts Down -6.69% - Currently Trading Down
Author: 0 Wells Fargo & Company (NYSE:WFC) Shorts Down -6.69% - Currently Trading Down

BidaskClub lowered Wells Fargo & from a "sell" rating to a "strong sell" rating in a report on Wednesday, August 2nd. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued. Yhb Investment Advisors Inc, which manages about $966.41 million and $582.84 million US Long portfolio, decreased its stake in Goldman Sachs Group Inc (NYSE:GS) by 5,359 shares to 8,535 shares, valued at $1.89M in 2017Q2, according to the filing.

Author: 0 Airbus to take majority stake in Bombardier C-Series jet programme

Enders said some airlines have been reluctant to purchase Bombardier's plane because of doubts the program would continue. Not only will this partnership secure the C Series and its industrial operations in Canada, the United Kingdom and China, but we also bring new jobs to the US.

Business Netflix stock is skyrocketing after it added record subscribers this quarter
Author: 0 Netflix stock is skyrocketing after it added record subscribers this quarter

Revenue was also a strong point for the company, coming in at $2.98 billion, edging ahead of the analyst projection of $2.97 billion, according to a survey conducted by Thomson Reuters . Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty-one have assigned a buy rating to the stock.

Author: 0 Viacom, Charter agree to extend renewal deadline, source says

The cable company added Charter "continues to insist on unreasonable and extreme terms" that could result in customers seeing a "disruption in their service". Viacom is also using the dispute as an opportunity to blast Spectrum since it was created from the merger of Time Warner Cable and Charter a year ago.

Business Why Nordstrom, Inc. Stock Was Sliding Today
Author: 0 Why Nordstrom, Inc. Stock Was Sliding Today

Price T Rowe Associate Md stated it has 0% in Nordstrom , Inc. They now have a Dollars 55 price target on the stock. Among 29 analysts covering Nordstrom Inc . The stock's market capitalization is 6.78B, it has a 52-week low of 39.53 and a 52-week high of 62.82. Shares of Nordstrom Inc . fell nearly 5 percent to $40.80 in early trading.

Author: 0 Dick's Sporting Goods Inc

The Kansas-based Creative Planning has invested 0% in Big 5 Sporting Goods Corporation (NASDAQ: BGFV ). It has underperformed by 18.05% the S&P500. Voloridge Investment Management Llc decreased its stake in Gilead Sciences Inc (GILD) by 25.51% based on its latest 2017Q2 regulatory filing with the SEC.

Business Dubai Police Will Soon Be Riding Around On Hoverbikes
Author: 0 Dubai Police Will Soon Be Riding Around On Hoverbikes

While the Indian Police have added the newer patrol vehicles to their fleet, they can definitely take a note of newer technologies used by Police in other countries to strengthen their capabilities. It can rise up to just over 4.8m in the air, and hit speeds of up to 70kmh. Flying aloft on these, police officers in Dubai will be able to sound like a swarm of very angry bees as they fly across traffic to their next emergency.

Author: 0 India's WPI inflation eases to 2.60 percent in September

India's annual wholesale price inflation eased to 2.60 percent in September from the provisional 3.24 percent in the previous month, dragged down by smaller increases in food prices, data showed on Monday. However, the price of tankers declined by 1 percent. The index for primary articles (weight 22.62 per cent) declined by 3 per cent to 130.8 from 134.9 for the previous month.

Business Watch astronauts goof off on the ISS with a fidget spinner
Author: 0 Watch astronauts goof off on the ISS with a fidget spinner

NASA astronauts Mark T. Vande Hei, Joseph M. Acaba and Randy Bresnik , along with European Space Agency astronaut Paolo Nespoli, perform a series of flips, spins and tricks with the spinners - which are normally found between the fingertips of kids back on terra firma .

Business Razer smartphone image leaked: Shows off Design and Dual-Camera
Author: 0 Razer smartphone image leaked: Shows off Design and Dual-Camera

Razer is a well-known name when it comes to high-performance gaming hardware and accessories. Initially leaked by TECHBYTE , the Razer Phone is going to sport a dual camera at the back and a 5.7-inch display. That works out to a QHD resolution for the screen, with a 16:9 aspect ratio. As far as pricing is concerned, we think this might start from a base price of $699 to $799, but let's see how Razer's gaming smartphone performs in this competitive market.

Author: 0 Vauxhall is cutting 400 jobs at one of its United Kingdom plants

Vauxhall is cutting 400 jobs at the firm's Ellesmere Port factory by the end of the year. That represents some 22% of that factory's work-force. The PSA Group sold 3.5 million cars globally a year ago but Vauxhall and Opel (its name on the continent) has sold 1 million.

Author: 0 Drone Collides with Commercial Plane Over Quebec City

Minister Marc Garneau hasn't revealed the model of the drone, but we do know that it hit a plane operated by Skyjet Aviation, a charter outfit that despite its name operates only turboprop aircraft. Greg McConnell, the national chairperson of the Canadian Federal Pilots' Association, said the incident "was just a matter of time". Currently, anyone wanting to fly a drone in Canada is subject to a set of safety regulations .

Author: 0 You Can Now Order Food on Facebook

Then decide on a restaurant and put in the order. In its attempt to keep users inside its app, Facebook Inc. has launched a "food order" feature for U.S. on iOS , Android and desktop. These facilities are now connected to Facebook in both its original website as well as the mobile app versions of Android and iOS.

Author: 0 Piedmont Investment Advisors LLC Purchases 2065 Shares of Adobe Systems Incorporated (ADBE)

The SI to Brightcove Incorporated's float is 3.18%. The stock decreased 0.50% or $0.01 on October 13, reaching $2. About 30,489 shares traded. Cleveland-Cliffs Inc (NYSE:CLF) has risen 122.26% since October 15, 2016 and is uptrending. The stock has "Buy" rating by Citigroup on Wednesday, September 21. The stock of Brightcove Inc (NASDAQ:BCOV) earned "Buy" rating by Stifel Nicolaus on Friday, July 31.

Author: 0 Tesla fired hundreds of employees in past week -Mercury News

Now, the company has set tongues wagging by firing hundreds of workers . In a statement, Tesla did not confirm the number but said the job cuts were standard procedure, part of the company-wide yearly appraisal process. This is, in fact, more than that of Ford's. The vehicle's entry price starts at $35,000, roughly half the cost of Tesla's least-expensive Model S sedan.

Business El Paso Electric Company (EE)'s Stock Is Buy After Reaching Record High
Author: 0 El Paso Electric Company (EE)'s Stock Is Buy After Reaching Record High

The firm has "Buy" rating given on Wednesday, April 12 by Credit Suisse. Also, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the company's stock in a transaction dated Wednesday, August 9th. Trust CO Of Oklahoma says it sold 1,150 shares during the last quarter decreasing its stake in General Electric Company (GE ) by 15.2%. Also, the number of investment managers holding El Paso Electric Co in their top 10 equity positions was flat from 0 to 0 for the same number.

Business USA must decide appropriately on H-1B visa visa policy: Arun Jaitley
Author: 0 USA must decide appropriately on H-1B visa visa policy: Arun Jaitley

Speaking to ANI, Congress leader Ranjeet Ranjan said, "Jaitley ji is saying that world is praising India for demonetisation and GST ". As per the reports, Arun Jaitley said that the people who come to the U.S. Jaitley highlighted three challenges to the world economy - the risks posed to emerging markets and developing economies by the US Federal Reserve's steps towards restoring normal monetary conditions, the global slowdown in investments and employment.

Business Erislandy Lara Calls Out Jarrett Hurd and Jermell Charlo
Author: 0 Erislandy Lara Calls Out Jarrett Hurd and Jermell Charlo

Champion Jarrett Hurd (21-0, 15 KOs) outlasted Austin Trout (30-4, 17 KOs), who could not answer the bell for the 11th round in their IBF junior middleweight title bout. "He just fought. He just won". "They were giving him a lot of attention", Charlo said. As if all that weren't enough, perhaps the 27-year-old Jermell still harbors a grudge toward all the skeptics who have depicted him a lesser talent than his identical twin, Jermall (26-0, 20 KOs), a former IBF junior middleweight ...