Markets

Lennar Corporation Q1 Earnings Beat The Street As Backlog Grows

Lennar Corporation Q1 Earnings Beat The Street As Backlog Grows Zacks Investment Research raised Lennar from a "hold" rating to a "buy" rating and set a $58.00 target price on the stock in a report on Friday. They issued a neutral rating and a $52.00 target price on the stock. The company earned $2.34 billion during the quarter, compared to analyst estimates of $2.18 billion. Lennar had a net margin of 8.33% and a return on equity of 13.80%. [Full Article...]

Here Are The Changes To The GOP Repeal Bill

Here Are The Changes To The GOP Repeal Bill Kevin Brady, the Texas Republican who is chairman of the Ways and Means Committee. Driven by the ways in which the bill would seriously harm Americans 50 and older, AARP has chose to make the decision on final passage in the House "an accountability vote". [Full Article...]

Morgan Stanley and Robey Warshaw lead Vodafone's Indian merger

Morgan Stanley and Robey Warshaw lead Vodafone's Indian merger But both Idea and Vodafone said they would use their respective stakes in Indus Tower as well as standalone tower assets to reduce debt. Mr. Colao said he didn't expect major regulatory hurdles to the deal. The new entity, which is valued at Rs 1.55 lakh crore, has now 400 million customers, which is more than Airtel, Jio or BSNL, and with 1850 MHz, the company has access to more spectrum th... [Full Article...]

Emirates says United States electronics restrictions to last months

Emirates says United States electronics restrictions to last months The Middle East's biggest airline says it is not aware of any restrictions on electronics in aircraft cabins on USA -bound flights. The nine carriers that fly directly from 10 global airports in countries Jordan, Egypt, Turkey, Saudi Arabia, United Arab Emirates, Kuwait, Morocco, and Qatar, have until Friday to comply with the new restrictions, or face being barred from flying to the United Stat... [Full Article...]

UK Inflation Overshoots Central Bank Target

UK Inflation Overshoots Central Bank Target The figure exceeded consensus forecasts of 2.1%, but despite this the market reaction was relatively muted, with sterling gaining around a third of a cent and the FTSE trading a few points lower. "Today's rapid increase is part of a wider trend with price rises set to be the big living standards story of this year". Britain's mid-cap index .FTMC hit a record high in early trade, before turning n... [Full Article...]

Cathay Pacific posts first annual loss since 2008

Cathay Pacific posts first annual loss since 2008 Cathay Group revenue declined by 9.4% in 2016, with passenger yield dropping 9.2%. Carriers such as Air China and China Eastern are offering more direct services from the mainland, making it less attractive for passengers to travel via Hong Kong. [Full Article...]

The British Pound and UK Inflation: Expectations and Reactions

The British Pound and UK Inflation: Expectations and Reactions Recent PMI survey data show companies' input costs increasing at a rate not exceeded since before the global financial crisis, due mainly to import costs surging higher as a result of the weakened pound. "Inflationary pressures, coupled with the weak pound, will force SMEs to lift their prices in order to protect their profit margins". "So far, there is scant evidence that the inflation rise the... [Full Article...]

New travel rule requires laptops to be checked on certain international flights

New travel rule requires laptops to be checked on certain international flights A French civil aviation agency spokesman said France was considering whether to impose similar measures. No US carriers are said to be impacted by the directive, as none have direct flights from the affected airports to those in the US. The new policy went into effect 3:00 a.m. ET, and airlines have 96 hours to adhere to the new restrictions. The reasons of the said orders are not clear as of... [Full Article...]

US To Ban Laptops And Tablets On Flights From Eight Countries

US To Ban Laptops And Tablets On Flights From Eight Countries The ban applies to 10 different airports in Egypt, Jordan, Kuwait, Qatar, Morocco, Saudi Arabia, Turkey and the United Arab Emirates. On Monday, senior USA administration officials confirmed the tweet's accuracy, saying it was "necessary to enhance security procedures for passengers at certain last-point-of-departure airports to the United States". [Full Article...]

Manipur: CM N Biren Singh clears floor test with 33 MLAs

Manipur: CM N Biren Singh clears floor test with 33 MLAs New Chief Minister of Manipur N Biren Singh. The Congress had emerged as the largest party in the state winning 28 seats, but the party fell short of majority. Biren Singh won floor test with the support of 32 MLAs through voice-vote that includes 20 BJP, four National People's Party, four Naga Peoples' Front, one each of Lok Janshakti Party, All India Trinamool Congress, Independent MLA and a C... [Full Article...]

Costco Brings Grocery Delivery to Tampa

Costco Brings Grocery Delivery to Tampa Costco already has home grocery deliver service available in the San Francisco market through Instacart, another third-party delivery service. "We believe the high-touch service that Shipt offers, coupled with what our customers love about shopping at Meijer, creates a new type of shopping experience". [Full Article...]

Storm clobbers the Northeast; more than 5000 flights grounded

Storm clobbers the Northeast; more than 5000 flights grounded A blizzard warning refers to sustained or frequent winds of 35 miles per hour or higher. A Nor'easter is dumping snow and pushing winds into the US East Coast early Tuesday - the beginnings of a monster storm that has placed 31 million people under a blizzard warning. [Full Article...]

Live Sports Betting And Online Poker Now Illegal In Australia

Live Sports Betting And Online Poker Now Illegal In Australia The House Of Representatives passed the measure, which was created to "bridge the loopholes found in the Interactive Gambling Act 2001", on February 8 and the Senate move means that all online casino and poker games are now illegal while global bookmakers will henceforth be required to obtain a local license in order to continue offering their services to Australia-based punters. [Full Article...]

Britain to Follow US Electronics Ban on Direct Flights

Britain to Follow US Electronics Ban on Direct Flights Bennet Waters, principal at the Chertoff Group, a Washington consulting firm, and a former senior official at the Homeland Security Department, said Tuesday that threats to commercial aircraft have been evolving since before the September 11, 2001, terrorist attacks. [Full Article...]

US Workers Still Anxious on Retirement

US Workers Still Anxious on Retirement Young workers are the least likely to have much in savings, but 28 percent of those age 55 and older had less than $10,000 in savings. "So if they are not preparing today for their finances they are having a much more hard time of being able to prepare for the future", says Copeland. [Full Article...]

LASCO to cooperate with corned beef ban, will conduct own probe

LASCO to cooperate with corned beef ban, will conduct own probe Foster's Food Fair IGA, Priced Right, Kirk Market and Hurley's in Cayman confirmed Tuesday they had all stopped selling Brazilian corned beef. "The Ministry would provide a further update on this matter". "Suffice to say, the recent decision to allow Brazil to start exporting fresh meat to the USA was already controversial". On Friday, Brazilian police uncovered a massive meat adulteration schem... [Full Article...]

United Kingdom 'to follow USA flight ban on laptops'

United Kingdom 'to follow USA flight ban on laptops' Secretary of Homeland Security John Kelly and Transportation Security Administration Acting Administrator Huban Gowadia have found it necessary to enhance security procedures for passengers at these last point of departure airports to the USA, it added. [Full Article...]

Staples, Inc. (SPLS), McEwen Mining Inc. (MUX)

The stock prices target chart showed high target of 11 kept by analysts at WSJ while the average price target was for 9.55 as compared to current price of 9. The Company has 52-week high of $11.37 and 52-week low of $7.24. The stock has its 52-Week High on Jul 11, 2016 and 52-Week Low on April 1, 2016. In terms of the mechanics underlying that movement, traders will want to note that the stock i... [Full Article...]

Alibaba buys out online ticketing platform Damai

Alibaba Music will be the first business unit to integrate with Damai. The deal, which will allow Alibaba to assert full control of Damai, took three months to come together, according to an internal letter posted by Daimai co-founders Jie Cao and Yuhong Feng to its employees. [Full Article...]

Steady Stock: Cerulean Pharma Inc (NASDAQ:CERU)

If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 0 "Buy" ratings in place. The company's market cap is $91.09 Million. The stock hit its 52-week high price on 04/21/16, and 52-week low price on 11/08/16. The stock has lost -11.35% in the past month, 66.71% in the previous three months, and 76.50% on an YTD basis. [Full Article...]


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