Business

Business Tesla's shares surge as it achieves record vehicle deliveries in first quarter
Author: 0 Tesla's shares surge as it achieves record vehicle deliveries in first quarter

Therefore, the upbeat first quarter figure is a good sign, considering Tesla proposes to offer a much cheaper Model 3 in July with mass production by year-end and a 500,000 annual rate in 2018. Meanwhile, however, Tesla has to continue earning revenue from its two existing products, with the five-year-old Model S remaining its mainstay. The company noted that about 4,650 vehicles were in transit to customers at the end of the quarter.

Author: 0 Read the Analyst's Study: Mondelez International, Inc.'s (MDLZ)

The stock has "Buy" rating by Canaccord Genuity on Thursday, February 4. Northern Trust Corp boosted its stake in shares of Mondelez International by 0.5% in the third quarter. If you are reading this piece on another publication, it was copied illegally and reposted in violation of USA & global copyright & trademark law. The company is scheduled to report its next earnings report after the market closes on Tuesday, May 2nd.

Author: 0 'Charging Bull' Sculptor Wants 'Fearless Girl' to Hit the Road

Sculptor Arturo Di Modica , left, listens to attorney Norman Siegel , upper right, at his law offices in New York Wed., April 12, 2017 , as Di Modica and his attorneys announced at the news conference that he's challenging city officials who issued a permit for " Fearless Girl ", a bronze statue that faces the bull sculpture on the same cobble stone island in the street, and has drawn worldwide attention.

Author: 0 United Airlines passenger dragged from plane likely to sue-his lawyer says

It didn't help his company's cause when the United CEO offered up one of the lamest apologies of all-time, saying his airline has to "re-accommodate" customers from time to time. The lawsuit will be filed in Cook County Circuit Court in IL, the lawyer said, indicating it would target both the airline and the city of Chicago, whose Department of Aviation was involved in removing Dao from the plane.

Author: 0 United to compensate all passengers on infamous flight 3411

Flight 3411, of course, has been at the center of news headlines since Sunday, when Chicago airport security officials forcefully dragged a man off the plane. They lawyers and a relative of Dao plan to talk to the media Thursday. United had fully booked the flight but needed to provide seats for four airline employees who needed to get to Louisville for work.

Author: 0 Dao goes to court; wants United to save video, records from plane

Mr Dao was left bloodied after law enforcement officials dragged him off the plane as he refused to leave the flight bound for Louisville, Kentucky. In what has been denounced as a public relations blunder, the CEO of United, Oscar Munoz, which is named as a respondent, first apologized only for having to "re-accommodate" passengers, then blamed Dao.

Business IEA: Global oil demand will shrivel further in 2017
Author: 0 IEA: Global oil demand will shrivel further in 2017

Oil prices gave up gains after federal data showed that USA crude output continued its relentless growth. In the report, OPEC pointed to an increase in its members' compliance with the deal and said oil stocks in industrialized nations fell in February - although they are still 268 million barrels above the five-year average.

Author: 0 Wells Fargo chair: Shareholders 'benefited greatly' from ex-CEO Stumpf's leadership'

A marketer in Denver came up with the " Wells Fargo Pack" that offered customers discounts on fees if they agreed to a handful of accounts and services at once. "However, management reports did not accurately convey the scope of the problem". That's in addition to $41 million in stock awards for Stumpf and $19 million for Tolstedt that have been canceled.

Author: 0 N. Korea Says Syria Airstrikes Prove Its Nukes Justified

President Donald Trump's national security adviser, H.R. McMaster, described the decision to send the carrier group as "prudent". Housewife Wang Haiping, 44, said she sees frictions ahead as Trump seeks to maintain USA dominance over a rising China.

Author: 0 Despite ambitious platform, BC NDP promises $109M surplus if elected

To generate new revenue, the party wants to increase corporate taxes as well as income taxes on the top 2 per cent of earners and introduce a new speculation tax. De Jong says the NDP's plan "is not possible" unless one of two things happen: "an operating deficit, or massive tax increases", adding it's not sustainable and can not co-exist with a balanced budget.

Author: 0 Glu Mobile Inc. (NASDAQ:GLUU) Quarterly EPS Review

On average, analysts forecast that Glu Mobile will post ($0.17) EPS for the current year. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.00 per share. The Beta for the company stands at 1.83 and its Average True Range (ATR) shows a value of 0.1. The company surged 0.88% and closed its last trading session at $2.27.

Business Abercrombie & Fitch inks deal with Asian e-commerce fashion giant Zalora
Author: 0 Abercrombie & Fitch inks deal with Asian e-commerce fashion giant Zalora

The stock has an average rating of "Hold" and an average price target of $17.12. Abercrombie & Fitch Co. now has a way to get its fashions into the hands of its loyal shoppers in Southeast Asia - and fast. The most recent short interest data show 30.54% of the company's stock are short sold. Suntrust Banks Inc. bought a new position in shares of Abercrombie & Fitch Co.

Business How to get your free cup of coffee Thursday morning
Author: 0 How to get your free cup of coffee Thursday morning

Wawa said in a press release earlier this week that it would announce details of its Center City expansion on Wawa Day. The company will be giving away free coffee of any size to celebrate "Wawa Day". And here's a fun fact for you: "Wawa" is a native American word for the Canada goose that was found in the Delaware Valley, thus the use of the Canada goose on Wawa's logo.

Business Range Resources Corporation (RRC)
Author: 0 Range Resources Corporation (RRC)

Jefferies Group LLC reiterated a "buy" rating and set a $43.00 price target on shares of Range Resources Corp.in a research report on Thursday, April 6th. (NYSE:RRC). Employees Retirement System Of Texas invested in 0.01% or 11,000 shares. The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st.

Author: 0 Hamilton hopes Button stands in for Alonso

If I want to be the best driver in the world there are two options: I win eight Formula One World Championships, one more than Michael, which is very unlikely; the second one is to win different series in different moments of my career and be a driver that can race and win in any auto, in any series.

Business US Congress votes to repeal Obama privacy protections
Author: 0 US Congress votes to repeal Obama privacy protections

The Federal Communications Commission rule issued in October was created to give consumers greater control over how internet service providers share information. Companies can gather all sorts of information on consumers' personal lives based off web browsing alone, including where they bank, their buying habits and even private health concerns.

Business Oil demand growth seen slowing for a second year
Author: 0 Oil demand growth seen slowing for a second year

Buyers in the world's biggest oil market are finding they can nearly always get what they want, at a time when they weren't expected to get even what they need. Other regions haven't been so lucky. It said 94% of the producers conformed in February to its target level, an increase of eight percentage points from the previous month.

Business Lululemon Athletica inc. (LULU) Upgraded to Buy by Stifel Nicolaus
Author: 0 Lululemon Athletica inc. (LULU) Upgraded to Buy by Stifel Nicolaus

Pacific Crest downgraded Lululemon Athletica inc .to a hold rating in a research report on Saturday, February 4th. Lululemon Athletica Inc . had 96 analyst reports since August 18, 2015 according to SRatingsIntel. While its guidance for Q1 was certainly disappointing for investors who had enjoyed Lululemon's momentum in recent months, the stock could be on sale for investors looking to add shares now.

Business Alabama lawmakers appeal impeachment ruling
Author: 0 Alabama lawmakers appeal impeachment ruling

Aside from fellow Republicans telling him to quit, Bentley learned he could face criminal prosecution when the Alabama Ethics Commission found probable cause that he broke ethics and campaign law. Bentley said Monday that he had been humiliated as "embarrassing details" of his personal life were made public over the previous year. The House Judiciary Committee was scheduled to begin impeachment hearings Monday.

Author: 0 Trump said to back US-led bid for World Cup 2026

The announcement was made Monday afternoon in a press conference hosted by the federations of the three countries at One World Observatory in NY. Sunil Gulati , President of the United States Soccer Federation has said in a presser that there is strong encouragement from Donald Trump and hence there are no concerns.

Business Dustin Johnson headed back to PGA Tour at Wells Fargo
Author: 0 Dustin Johnson headed back to PGA Tour at Wells Fargo

He appears to have avoided a major injury, but back issues are at the very least unpredictable. If his first event is from May 4-7 at Eagle Point, which is just over a one-hour drive from Myrtle Beach, Johnson will be vying to be the first player since Tiger Woods over the 2007-08 seasons to win four straight PGA Tour starts.

Author: 0 Revenue Forecast of General Electric Company (GE)

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of El Paso Electric Company (NYSE:EE). 01/08/2015 - El Paso Electric Company had its "hold" rating reiterated by analysts at Gabelli. Investors of record on Monday, February 27th will be issued a dividend of $0.24 per share.

Author: 0 Lewis Hamilton wins Chinese GP, draws level with Sebastian Vettel

Meanwhile, Red Bull's Max Verstappen fought his way up from 16th on the grid to secure the final podium place. Ferrari seems to have a great chance at ending that drought in 2017 and Marchionne thinks the Shanghai race gave plenty of reasons to be optimistic about the remainder of the season.

Business Malala Yousafzai Accepts Honorary Canadian Citizenship
Author: 0 Malala Yousafzai Accepts Honorary Canadian Citizenship

She is also the youngest to receive honorary Canadian citizenship - a privilege previously granted to five others including Nelson Mandela, the Dalai Lama and Myanmar's Aung San Suu Kyi. a fearless advocate for girls who wants nothing more than to see more kids in classrooms", he said. "When I was coming here, everyone was telling me to shake his hand and let us know how he looks in reality".

Author: 0 Investors push for changes in Tesla board

Tesla's value has risen almost $3 billion since last week when at $48 billion it passed Ford at $45 billion. Ferrari, which was spun off from Fiat Chrysler Automobiles NV, has a $US13.6 billion market value. "When we think about the future of mobility, they're very well-positioned", Lindland said . Ferrari unveiled the 812 Superfast last month, the speediest production vehicle in its history, as the Italian manufacturer pushes the limit of how many autos it can sell without losing its ...

Author: 0 United passenger pulled off flight files lawsuit

Bridges shows a passenger being removed from a United Airlines flight in Chicago. Thomas A. Demetrio, co-founder of Corboy & Demetrio, and Stephen L. Golan, managing partner of Golan Christie Taglia, are representing him. The incident has led to the suspension of the three police officers involved, who work for the Chicago Department of Aviation. We're told a lawsuit is certain, unless United and the City of Chicago ante up a big check, but that's unlikely.

Author: 0 How to Watch SpaceX's Historic Rocket Launch Tonight

Over the past few years, Musk and his team have proved on numerous occasions that it's possible to launch a rocket and land it back on Earth for potential use again. SpaceX also is working on a passenger spaceship, with two unidentified tourists signed up for a future trip around the moon. One day, clearly, rocket manufacturers like SpaceX and Blue Origin hope to convince satellite operators that used rockets are, in fact, more reliable than new ones.

Business World trade growth forecast to pick up this year and next
Author: 0 World trade growth forecast to pick up this year and next

The WTO said there were two reasons for the unusually weak trade growth past year. WTO's trade growth forecast for this year meanwhile looks more promising, even better for next year, when the Geneva-based body forecasts growth of between 2.1 and 4.0 percent.

Author: 0 Stock Backsliding Pre-Bell, Gapping Down: North Atlantic Drilling Limited (NYSE:NADL)

In the last five years, the company's full-year sales growth remained over 0.00% a year on average and the company's earnings per share moved down by an average rate of -9.17%. They now have a United States dollars 1 price target on the stock. The Company has 24.11 million shares outstanding and 6.97 million shares were floated in market.

Author: 0 US can handle N/Korea alone, Trump tells China

Tension has escalated sharply amid concerns that reclusive North Korea could soon conduct a sixth nuclear test or more missile launches and Trump's threat of unilateral action to solve the problem. Trump had promised to label Beijing a currency manipulator on his first day in office, a designation that could have ended with punitive tariffs and a potential trade war between the world's two largest economies.

Author: 0 China data, weak dollar send EM stocks to 1-week high

ASIA'S DAY: Tokyo's Nikkei 225 fell 0.7 percent to 18,426.84 and Sydney's S&P-ASX 200 lost 0.7 percent to 5,889.90. The Shanghai Composite Index gained 0.1 percent to 3,275.96 and Hong Kong's Hang Seng retreated 0.2 percent to 24,261.66. On the other hand, Trump said that "dollar was going too strong" because of him. "The U.S. Treasury's designation of China as a currency manipulator will force China to the negotiating table and open the door to a fair - and far better - trading relationship".

Business Hammerson plc (HMSO) Stock Rating Reaffirmed by JPMorgan Chase & Co
Author: 0 Hammerson plc (HMSO) Stock Rating Reaffirmed by JPMorgan Chase & Co

Cowen & Co maintained it with "Outperform" rating and $114 target in Tuesday, August 25 report. Liberum Capital maintained the shares of SPT in report on Thursday, December 10 with "Hold" rating. The shares were bought at an average price of £407.88 ($506.49) per share, for a total transaction of £14,275.80 ($17,727.31). AstraZeneca plc (LON:AZN) has declined 2.51% since September 13, 2016 and is downtrending.

Author: 0 Missile attack brings countries to brink of military clash, says Moscow

The US is fighting Islamic State group militants in Syria but had previously avoided striking government forces, largely out of concern about being pulled into a military conflict with Russian Federation. He had planned to travel Monday to Russian Federation on a trip meant to start a fresh dialogue with Moscow. Secretary of State Rex Tillerson took a hard line against Russian Federation before his first diplomatic trip to Moscow, calling Russian Federation "incompetent" for allowing Syria ...

Author: 0 Alonso will miss Monaco to race in Indy 500

Alonso's team mate Stoffel Vandoorne - who beat Button to a 2017 seat at McLaren - said he is also in the dark as to who he will be racing alongside in the Principality. Im only 35 and Ive got plenty of time for that.”. While Button retired past year from Formula One, he is still contracted as a brand ambassador for McLaren .

Author: 0 Chinese leader urges Donald Trump to peacefully resolve North Korea tensions

North Korea hit back with a statement saying they were " ready for war " and criticising a "reckless" U.S. show of military strength as it sent a warship into waters off its coast. The two leaders' phone call is the first since their summit at Trump's Mar-a-Lago estate in Palm Beach, Fla., last week. "The first thing I brought up was North Korea", Trump told Bartiromo.

Author: 0 SpaceX's reused Falcon 9 rocket launch was a success

By reusing rockets, SpaceX aims to eventually cut its costs by about 30 percent, the company has said. "We just had an incredible day today", SpaceX CEO Elon Musk said during a live webcast of the launch. According to SpaceX , The Falcon 9 costs $62 million to launch, but the cost of a re-launch has not been announced. Even on this first flight, SES reportedly received a significant discount for flying on a used rocket, rather than a brand new one.

Business ED moves PMLA court seeking non-bailable warrant against Zakir Naik
Author: 0 ED moves PMLA court seeking non-bailable warrant against Zakir Naik

It claimed that Naik controlled all affairs of his trust as well as companies and his presence was required to retrieve information that were exclusively known to him. Incidentally this was the third summons in the past two months and Naik has been told to appear before the agency on April 17. The plea stated that material facts with respect to Naik had been suppressed before the court and there were fears that the investigating agency would misguide the court and obtain coercive penalizing ...

Author: 0 Wells Fargo's Revenue Miss Sends Stock Down

A company with a lower ratio, on the other hand, is usually an indication of poor current and future performance. Susquehanna Bancshares Inc reaffirmed a "hold" rating on shares of Wells Fargo & Co in a research report on Wednesday, January 11th.

Author: 0 Russian Federation blocks UN Security Council condemnation of Syria attack

Those sentiments were echoed by French President Foreign Minister Jean-Marc Ayrault who described Russia's decision as "incomprehensible and unjustifiable" as he urged the worldwide community to "face up to its responsibilities and to take the necessary decisions to put an end to the Syrian tragedy through a political solution".

Author: 0 Tensions high as N. Korea readies nuclear test

North Korea warned Tuesday that it would defend itself against "reckless acts of aggression" after the US deployed an aircraft carrier strike group toward the Korean peninsula. Trump and Xi. Trump and other US officials have repeatedly called on China to leverage its status as North Korea's biggest economic partner and source of food and fuel aid to force Pyongyang to abandon its nuclear weapons program.

Business Sensex Opens With Marginal Gains, All Eyes On Macro Data
Author: 0 Sensex Opens With Marginal Gains, All Eyes On Macro Data

The S&P BSE mid-cap index inched up by 0.03 per cent, while the small-cap index closed up by 0.19 per cent. The gauge had lost 144.87 points in the previous session. Among the BSE sectoral indices, Metal index closed with the biggest dip, down 2.8 per cent. A weak trend in other Asian markets in line with sell-off in the United States on continued geopolitical tensions and comments by President Donald Trump expressing concern about a strong greenback also dented sentiment here, brokers said.

Business Sharknado? Cyclone Debbie Rains Down Sea Creatures in Australia
Author: 0 Sharknado? Cyclone Debbie Rains Down Sea Creatures in Australia

It means that Commonwealth Funding would be made available for local councils to restore, clean and fix public assets, reported Xinhua. A drunk man who drove his partner and two young children into flood waters during the aftermath of cyclone Debbie called police saying they needed help before fleeing.

Author: 0 Andrew Cuomo's free college education initiative comes with a catch

Yes. After they graduate, students who received the scholarship must live and work in NY for the same number of years they received funding. An income cap will be raised to $110,000 in 2018 and will lift to $125,000 in 2019. The scholarship means students won't pay anything for tuition. "Today, college is what high school was-it should always be an option even if you can't afford it".

Author: 0 Trump comments trigger US dollar, bond yield slide

He told The Wall Street Journal he won't label China a currency manipulator - a drastic change from his previous stance. "Trump is most certainly not the first politician to make many promises on the campaign trail only to be forced into an about-face on these promises once in office".