Business

Business Startup sues Tesla for $2 billion over electric big rig truck design
Author: 0 Startup sues Tesla for $2 billion over electric big rig truck design

Nikola points to supposed similarities in the trucks' front fenders, wraparound windshields, mid-entry doors, aerodynamic fuselage (with similar drag coefficients), and more as evidence that Tesla copied its design. Nikola says that Tesla's truck is causing "confusion in the market", and claims that "Tesla's infringement has harmed Nikola's ability to attract investors and partners because investors can now partner with Tesla to have an alternative fuel semi-truck".

Business US Manufacturing Activity Showed Continued Vigor in April, Monthly Index Indicates
Author: 0 US Manufacturing Activity Showed Continued Vigor in April, Monthly Index Indicates

Despite the second straight monthly drop in the ISM index, manufacturing remains underpinned by a firming global economy as well as a weakening US dollar, which is boosting the competitiveness of American-made goods on the global market. Trump granted temporary exemptions from the tariffs for Canada, Mexico, the European Union and full exemptions for South Korea, Australia, Argentina and Brazil which agreed to reduce exports.

Business California Court Ruling Could Help Gig Workers Get Employee Status
Author: 0 California Court Ruling Could Help Gig Workers Get Employee Status

MA and New Jersey have similar standards, he said. The California Supreme Court has taken a significant step away from the long-used multifactor test to determine whether individual workers are employees or independent contractors, and toward a test that presumes workers in California are employees as opposed to independent contractors.

Business Blackhill Capital INC Has Increased Its Microsoft Corp Com (MSFT) Holding
Author: 0 Blackhill Capital INC Has Increased Its Microsoft Corp Com (MSFT) Holding

Blackhill Capital Inc who had been investing in Microsoft Corp Com for a number of months, seems to be bullish on the $718.53B market cap company. The stock increased 1.58% or $1.48 during the last trading session, reaching $95. Since January 30, 2018, it had 0 insider purchases, and 2 selling transactions for $15.61 million activity. Bingham Osborn & Scarborough LLC now owns 20,205 shares of the software giant's stock worth $1,728,000 after acquiring an additional 4,333 shares during the ...

Author: 0 Starbucks' (SBUX) Overweight Rating Reiterated at Piper Jaffray

The hedge fund run by Thomas Bancroft held 315,610 shares of the capital goods company at the end of 2017Q4, valued at $52.34 million, up from 297,620 at the end of the previous reported quarter. CLSA maintained it with "Outperform" rating and $13 target in Friday, July 29 report. Two Creeks Capital Management Lp, which manages about $2.12 billion and $1.87B US Long portfolio, decreased its stake in Pioneer Nat Res Co (NYSE:PXD) by 345,623 shares to 630,147 shares, valued at $108.92M in ...

Business Maruti Suzuki India April 2018 sales at 172986 - Highest ever till date
Author: 0 Maruti Suzuki India April 2018 sales at 172986 - Highest ever till date

However, Ford posted a single-digit fall in sales in the month. Dominant player with over 50 per cent market share, Maruti Suzuki India, opened the new fiscal year 2019 with a vengeance. Hyundai Motor India posted a 4.4 per cent rise in domestic sales at 46,735 units last month as compared to 44,758 units in April 2017. The automobile major's domestic sales rose by 14.2 per cent to 164,978 units from 144,492 units sold in April 2017, while exports zoomed by 19.1 per cent to 8,008 units ...

Business Xerox appealing judge's decision to block Fujifilm deal
Author: 0 Xerox appealing judge's decision to block Fujifilm deal

A NY court on Friday blocked Xerox Corp .'s plan to cede control to Fujifilm Holding Corp . after it concluded its chief executive is prioritizing his own interests over shareholders' in negotiations with the Japanese company, USA media reported.

Author: 0 EPS for Kinross Gold Corporation (K) Expected At $0.05 on May, 8

Kinross Gold Corp ( NYSE :KGC) has a current PEG of 0.4. However a year ago for the same quarter the company has reported $0.02 EPS. The stock increased 1.28% or $0.05 during the last trading session, reaching $3.96. 107 funds opened positions while 422 raised stakes. Ls Investment Advsrs Limited Liability Com holds 27,437 shares or 0.19% of its portfolio. Spo Advisory Corporation holds 11.45% or 3.20 million shares in its portfolio.

Business Melania Trump a virtual prisoner in the White House
Author: 0 Melania Trump a virtual prisoner in the White House

While there will be no fancy state dinner, Merkel was expected to echo numerous concerns that were raised by Macron about USA positions on trade and foreign policy during her Oval Office meeting and working lunch with Trump. "You can bank on it", Trump declared at a news conference with Merkel. Instead, Macron ended up improvising a new Iran initiative, and Merkel left the White House saying the decision on preventing a trade war was out of her hands.

Business Eagle Global Advisors LLC Lowers Position in Merck & Co. (NYSE:MRK)
Author: 0 Eagle Global Advisors LLC Lowers Position in Merck & Co. (NYSE:MRK)

MRK underperformed by 26.49% the S&P500. The company's stock declined 4.63% with the market as Amf Pensionsforsakring Ab bought 124,962 shares. The institutional investor held 108,050 shares of the health care company at the end of 2017Q4, valued at $7.37B, up from 107,452 at the end of the previous reported quarter.

Business Fujifilm-Xerox Merger: Xerox CEO to Resign in Settlement With Top Shareholders
Author: 0 Fujifilm-Xerox Merger: Xerox CEO to Resign in Settlement With Top Shareholders

The changes come after a judge in New York City late last week issued a preliminary injunction that temporarily blocked the takeover of Xerox by Fuji. Mr Icahn hailed the agreement. They had criticized the $6.1 billion deal to combine the US printer and copier maker into Fuji Xerox , an existing joint venture with the Japanese company.

Author: 0 Q4 2018 EPS Estimates for NXP Semiconductors (NXPI) Increased by Analyst

Glenmede Trust Company Na sold 7,783 shares as the company's stock rose 2.95% while stock markets declined. Nxp Semiconductors N V now has $36.01B valuation. Tradewinds Cap Limited Liability Corporation holds 12,334 shares or 0.92% of its portfolio. Aqr Capital Lc owns 4.90 million shares for 0.54% of their portfolio.

Business Uber Drivers Accused of Sexual Misconduct Ranging From Abuse to Rape
Author: 0 Uber Drivers Accused of Sexual Misconduct Ranging From Abuse to Rape

We recently strengthened our safety approach with new features including an emergency button , driver screening improvements , and the addition of the former Secretary of Homeland Security to head up Uber's Safety Advisory Board. At least 31 of the drivers have been convicted of crimes including rape, false imprisonment, and forcible touching, the audit found. Dozens of these cases are now pending.

Author: 0 Amazon.com (AMZN) Earns Buy Rating from Aegis

Marsico Capital Management Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $761.29B market cap company. 208.24 million shares or 0.93% more from 206.32 million shares in 2017Q3 were reported. Verizon Communications Inc. (NYSE:VZ) at the moment has a 10-month price index of 1.15.

Business Fiat Chrysler Automobiles NV (FCAU)
Author: 0 Fiat Chrysler Automobiles NV (FCAU)

The share last price represents downtick move of -9.78% in value from company's 52-Week high price and shows 122.36% above change in value from its 52-Week low price . Perhaps, it is one of the most important indicators, because it is used in the technical analysis of the stock in the money market. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days.

Business Dollar turns positive for 2018, US stocks fall
Author: 0 Dollar turns positive for 2018, US stocks fall

Unlike during many previous bouts of unsettled prices, the central bank now is more comfortable about living with larger two-way price movements, and policy makers have shown no appetite to return to the practice of making soothing statements to calm markets.

Business Attempts to Regain Footing? Amazon.com, Inc
Author: 0 Attempts to Regain Footing? Amazon.com, Inc

You can get a sense of how sustainable that is by a levered free cash flow of $5.04 Billion over the past twelve months. Finally, Oak Point Wealth Management bought a new stake in shares of Amazon.com during the 4th quarter valued at $125,000.

Business WPP beats expectations with first update of post-Sorrell era
Author: 0 WPP beats expectations with first update of post-Sorrell era

Reports this weekend suggested that WPP's data and market research arm Kantar could be put up for sale, and the Financial Times yesterday reported that CVC were interested in a potential deal. Clients have made it very clear that they value their partners within WPP. "That doesn't mean we can't look at specific asset sales". In summary, Latin America and Asia Pacific did really well, the United Kingdom did OK and North America underperformed.

Business China Manufacturing PMI Inches Higher In April
Author: 0 China Manufacturing PMI Inches Higher In April

And despite rising domestic orders, rising output and the improving economic climate, Indonesian manufacturers became less optimistic about the year ahead, with the level of positive sentiment touching the weakest position for 64 months and falling below the historical average.

Business On May, 8 Analysts See $-0.50 EPS for Neos Therapeutics, Inc. (NEOS)
Author: 0 On May, 8 Analysts See $-0.50 EPS for Neos Therapeutics, Inc. (NEOS)

The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.13 by ($0.93). Cliftonlarsonallen Wealth Advisors Llc who had been investing in Coca Cola Co for a number of months, seems to be less bullish one the $184.70B market cap company.

Business California Sues EPA Over Plan To Roll Back Vehicle Emission Standards
Author: 0 California Sues EPA Over Plan To Roll Back Vehicle Emission Standards

He was joined by Gov. "Pollutants coming out of vehicle, out of tail pipes, does permanent lung damage to children living near well-traveled roads and freeways", California governor Jerry Brown said at a press conference Tuesday. The Final Determination is just the first step but it is meant to provide the legal basis for a decision that has already been made: to halt the progress that regulators and industry have made toward a new generation of vehicles.

Business E-cigarette makers warned because labels resemble juice boxes and candy
Author: 0 E-cigarette makers warned because labels resemble juice boxes and candy

Even small amounts of e-liquid can lead to cardiac arrest, coma, and even death in young children. Some of the packages targeted by regulators look like fruit juices, Warhead sweets and Nilla Wafers. FDA Commissioner Scott Gottlieb has said he wants to take a balanced approach to help adults who enjoy the flavors switch from regular cigarettes to vaping.

Business On May, 2 Tesla, Inc. (TSLA) Analysts See $-4.45 EPS
Author: 0 On May, 2 Tesla, Inc. (TSLA) Analysts See $-4.45 EPS

The stock has performed 3.72% over the last seven days, 10.43% over the last thirty, and -15.92% over the last three months. This's net activity of $3.87 million. Tesla, Inc. (NASDAQ:TSLA) has risen 3.32% since April 29, 2017 and is uptrending. In the last 90 days, insiders have sold 4,728 shares of company stock valued at $1,502,822.

Business Restaurant Fined $10K After Forcing Black Customer to Prepay for Meal
Author: 0 Restaurant Fined $10K After Forcing Black Customer to Prepay for Meal

After learning his group were the only patrons asked to pre-pay, Wickham said he asked the server why they were singled out. " I still felt skeptical , so then I approached other tables". 'There are a number of sensitivities and considerations about this situation, and for that reason, the tribunal outcome is under appeal by legal representatives.

Author: 0 Celgene (CELG) Expected to Announce Earnings of $2.00 Per Share

China Mobile Limited (NYSE:CHL) has declined 14.69% since May 1, 2017 and is downtrending. It has underperformed by 42.83% the S&P500. Regions Financial Corp increased its stake in Hasbro Inc (HAS) by 13.42% based on its latest 2017Q4 regulatory filing with the SEC.

Business United States inflation in March hits Fed goal
Author: 0 United States inflation in March hits Fed goal

USA consumer spending picked up in March while the Federal Reserve's preferred inflation gauge hit the central bank's 2% target for the first time in a year, reinforcing the outlook for further interest-rate hikes. The Fed raised rates last month and forecast at least two more rate hikes for this year. The data in the April 30 report were largely telegraphed in last week's figures on first-quarter gross domestic product, which showed consumers pulled back on their spending after a robust ...

Author: 0 Mobile US (TMUS) Price Target Raised to $0.00 at Oppenheimer

The stock increased 0.23% or $0.07 during the last trading session, reaching $31.13. It has underperformed by 55.34% the S&P500. Buckingham Capital Management Inc. Dimensional Fund Advsrs LP accumulated 2.46M shares. Pacad Investment Ltd owns 13,194 shares. 369.63 million shares or 2.53% more from 360.52 million shares in 2017Q3 were reported.

Business Guitar Maker Gibson Files for Bankruptcy
Author: 0 Guitar Maker Gibson Files for Bankruptcy

Working with Jefferies LLC, the company had sought a sale or recapitalization, approaching 58 businesses and signing 27 non-disclosure agreements. Gibson Brands Inc .'s CEO said the bankruptcy reorganization the guitar maker filed for on Tuesday will be "virtually invisible" to customers.

Business Wade hopes Australia don't play like New Zealand
Author: 0 Wade hopes Australia don't play like New Zealand

Darren Lehmann stepped down as Australia coach after Steve Smith , Cameron Bancroft and David Warner were found to have conspired to cheat during the third test against South Africa in Cape Town in March. The players' review will run in conjunction with the wide-range review into Cricket Australia's organizational structure. "It's easy to make those observations in hindsight", Sutherland said on Tuesday when asked if appointing Warner vice-captain was a mistake.

Business Christian addiction specialist welcomes new ban on cheap alcohol
Author: 0 Christian addiction specialist welcomes new ban on cheap alcohol

Christopher Snowdon, director of lifestyle economics at the Institute of Economic Affairs, said: "I would say that Scots will be hopping across the border to buy alcohol that is, in some cases, less than half price". First Minister Nicola Sturgeon marked the day by visiting Edinburgh Royal Infirmary, where she met patients with chronic liver problems and specialist clinicians.She said: "All of the evidence says that minimum unit pricing will reduce deaths from alcohol-related illnesses, ...

Business Under Armour (UA) Given News Sentiment Score of 0.05
Author: 0 Under Armour (UA) Given News Sentiment Score of 0.05

Currently, the stock carries a price to earnings ratio of 6.97, a price to book ratio of 5.64, and a price to sales ratio of 1.27. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Under Armour in the 4th quarter worth approximately $138,000.

Business Sixers' shooters go cold, drop Game One on the road to Boston
Author: 0 Sixers' shooters go cold, drop Game One on the road to Boston

Simmons, centre Joel Embiid and the rest of the 76ers will be tapping into their history in Boston by wearing the iconic red 1980s uniforms the 76ers wore in their four play-off series battles with Bird's Celtics . The Sixers got to this second round series contest by outscoring the Miami Heat in five matchups in their opening round game. Boston led 87-70 in the final minute of the third quarter when Philadelphia scored nine straight points to make it a nine-point game.

Author: 0 Summit Midstream (SMLP) Expected to Announce Earnings of $0.07 Per Share

Rice Midstream Partners LP (RMP ) shares dropped -1.33 percent and closed the day at $18.5. About 654,024 shares traded or 21.12% up from the average. Calculated by dividing Magellan Midstream Partners, L.P.'s annual earnings by its total assets, investors will note a return on assets of 12.30%. Antero Midstream Partners (NYSE:AM) last announced its quarterly earnings results on Wednesday, April 25th.

Business US Steel (X) Debt Trading 0.9% Lower Analyst
Author: 0 US Steel (X) Debt Trading 0.9% Lower Analyst

As a result of anticipated improvement in pricing and volumes, AK Steel expects its second-quarter adjusted EBITDA margin to improve by 1.5 to 2.0 percentage points from the first quarter of 2018. Whereas they predicted High and Low Earnings Estimate as $0.35 and $0.22 respectively. The third largest holder is Amerigo Asset Management, which now holds $225.62 million worth of this stock and that ownership represents almost 3.46% of its market capitalization.

Business 13 sticks of TNT found at Dublin station are 'historic'
Author: 0 13 sticks of TNT found at Dublin station are 'historic'

A female pedestrian also sustained minor injuries in the incident. The men were taken by ambulance to Connolly Hospital. The two men's injuries are described as serious - with the teenager believed to be in a critical condition. The train station in Dublin city centre was closed for several hours after workers found the explosives at about 11.30am. The road has been sealed off for a Garda technical exam - with forensic investigators asked to examine the scene.

Business BP profits leap by 71% as oil prices rebound
Author: 0 BP profits leap by 71% as oil prices rebound

Stripping those out, cash flow reached $7 billion in the quarter, the strongest since 2014. BP shares were up 1.3 percent at 545 pence by 0733 GMT on May 1. BP launched seven oil and gas fields in 2017, a record year, and is set to inaugurate six more projects this year including in Egypt, Azerbaijan and Britain's North Sea, which will help it boost production by 800,000 barrels per day (bpd) by 2020, most of it gas.

Business Oil PSUs freeze petrol, diesel prices ahead of Karnataka polls
Author: 0 Oil PSUs freeze petrol, diesel prices ahead of Karnataka polls

The centre and states both have their share of taxes on petroleum products. Last week, Minister Pradhan expressed concern about the high fuel prices, adding that the government needs to keep a balance between the interest of consumers and of India's fiscal situation amid the higher price of oil.

Business Amazon to add another 3000 jobs in Canada
Author: 0 Amazon to add another 3000 jobs in Canada

Amazon now employs over 6,000 people across Canada , with 1,000 of them based in Vancouver at the company's Telus Garden location, which opened in 2015. Amazon is expanding in Vancouver again. Seattle-based Amazon opened its first Vancouver office in 2015 and now has more than 1,000 employees, mostly software developers.

Author: 0 Sophos Group plc (LON:SOPH) Rating Changes as of April 30, 2018

In total 8 analysts cover Sophos Group Plc (LON:SOPH). Bradley Foster And Sargent Ct accumulated 15,375 shares or 0.16% of the stock. Swiss Financial Bank accumulated 65,900 shares. Kepler Cheuvreux maintained the shares of BA in report on Thursday, December 14 with "Buy" rating. The stock has "Buy" rating by Numis Securities on Wednesday, January 27.

Author: 0 Last Week GVC Holdings PLC (LON:GVC) Ratings

Berenberg maintained Dialight plc (LON:DIA) on Friday, December 15 with "Sell" rating. Numis Securities reissued a buy rating and issued a GBX 287 ($4.00) target price on shares of The Gym Group in a research note on Tuesday, January 16th. The stock increased 1.32% or $0.02 during the last trading session, reaching $1.54. About 52,577 shares traded. The company rating was maintained by HSBC on Monday, April 23.

Business Fed not ready to declare mission accomplished on inflation
Author: 0 Fed not ready to declare mission accomplished on inflation

After spending much of the past six years below target, the central bank's preferred measure of inflation rose to that level in March from 1.7 percent the month before, government data on Monday showed. Fed officials are scheduled to convene on Tuesday and Wednesday for a regular policy meeting. But many analysts believe the Fed will raise rates again in June and will end up boosting them either three or four times this year.

Business Apple (AAPL) PT Lowered to $157.00
Author: 0 Apple (AAPL) PT Lowered to $157.00

The stock decreased 1.16% or $1.9 during the last trading session, reaching $162.32. It has outperformed by 7.94% the S&P500. Baldwin Brothers Inc increased its stake in Unilever N.V (UN) by 2094% based on its latest 2017Q4 regulatory filing with the SEC.

Business PM Modi never promised special status, TDP twisted his words: Andhra BJP
Author: 0 PM Modi never promised special status, TDP twisted his words: Andhra BJP

They also ridiculed the "Dharma Porata Deeksha" held by Chief Minister and TDP president N Chandrababu Naidu at Vijayawada recently and added that Chandrababu Naidu became a laughing stock after making several U-turns on the SCS. The TDP has been fighting against the Centre for the rights of people of Andhra, demanding it to fulfil assurances made in Rajya Sabha including SCS and provisions of Andhra Pradesh Reorganisation Act.