Markets

Markets open on a higher note

Markets open on a higher note Besides, a better-than-expected monsoon forecast by the India Meteorological Department (IMD), coupled with firm global cues and healthy buying in banking, automobile and healthcare sectors, kept market sentiments buoyant. At 9.15am, the rupee was trading at 64.47, down 0.06% from its Tuesday's close of 64.43. Meanwhile, Foreign portfolio investors (FPIs) bought shares worth a net Rs 476.64 cr... [Full Article...]

Moran outlines health care goals

Moran outlines health care goals Senate Majority Leader Mitch McConnell was frank on Wednesday about just how hard it will be to pass a health care bill in the Senate. Wisconsin families struggling with health care costs will see average premiums rise next year, older Wisconsinites will pay an age tax and those with pre-existing conditions will no longer be guaranteed protections. [Full Article...]

British Airways battles IT meltdown

At Heathrow , the airline restored long-haul services on Sunday but had to cancel some short-haul flights. Flights to London Gatwick were cancelled from Jersey on Saturday but BA flights from Jersey Airport were running as planned yesterday. [Full Article...]

BA cancels flights amid global IT outage

The airline said the system outage has also affected its call centres and its website . "Although some of the IT systems have returned, there will be some knock-on disruption to our schedules as aircraft and crews are out of position around the world, " the airline said on its website. [Full Article...]

US Patent and Trademark Office head Michelle Lee resigns

US Patent and Trademark Office head Michelle Lee resigns Above, Lee at a Silicon Valley event in 2013. A reason for Lee's resignation and where she was headed to next wasn't provided. Lee stepping down concludes a long saga of ambiguity over the leadership of the Patent and Trademark Office. Lee was appointed in 2015 when the US Senate Judiciary Committee voted unanimously to make her director. Shortly before Donald Trump took the United States pr... [Full Article...]

Amazon Offers Prime Discount for US Customers on Government Aid

Amazon Offers Prime Discount for US Customers on Government Aid However, Amazon charges a hefty $99/per year or $10.99/month - which is a relatively expensive fee. "About 90 percent of the US population lives within 10 miles of a Walmart, and the company is using those locations as shipping hubs to compete with Amazon on the last mile of delivery - the most expensive part of getting goods to customers". [Full Article...]

OECD warns weak United Kingdom growth could drive up unemployment rate

Rob Donaldson, head of corporate finance at RSM, the accountancy firm, said: "We've seen a slowdown in domestic M&A activity in the first quarter of the year which may reflect a sense of unease about the future of the United Kingdom economy and the uncertainty resulting from Brexit". [Full Article...]

The Gilead Sciences, Inc. (GILD) Announces Earnings Results

The stock was last seen -0.96% lower, reaching at $64.85 on Tuesday, June 6th. About 14 shares traded. Media stories about Gilead Sciences (NASDAQ:GILD) have been trending somewhat positive this week, according to Alpha One. (NASDAQ:GILD). Meridian Invest Counsel reported 9,771 shares. Investors sentiment decreased to 0.7 in 2016 Q4. Its up 0.39, from 1.19 in 2016Q3. (NASDAQ:GILD) opened at ... [Full Article...]

Spain's Banco Santander acquires failing Banco Popular

Banco Popular employs 11,000. Comparatively, Banco Santander , S.A. posted earnings of $0.42 per share in the same quarter previous year. Banco Santander , has a 1-year low of $3.60 and a 1-year high of $6.99. The average numbers of shares are traded in a security per day, during the recent 3-month period. Fears of its looming collapse had sent Banco Popular shares into free fall on the Mad... [Full Article...]

President Trump takes aim at key anti-ISIS ally Qatar in tweets

President Trump takes aim at key anti-ISIS ally Qatar in tweets More than 11,000 US and coalition forces are deployed to or assigned to al Udeid Air Base, from which more than 100 aircraft operate. We as a government of Qatar are doing our utmost in combating terrorism, along with our allies. Al-Udeid Air Base is home to U.S. Air Force Central Command and is where American officers speak regularly by phone with Russian counterparts to ensure safe flights over ... [Full Article...]

Vocus Group Ltd share price leaps 20% to $3.43 on takeover offer

Vocus Group Ltd share price leaps 20% to $3.43 on takeover offer Edge Asset Management Inc. now owns 6,578,852 shares of the asset manager's stock valued at $101,248,000 after buying an additional 1,002,561 shares during the period. Lazard Asset Mgmt Limited Liability owns 4,000 shares for 0% of their portfolio. KKR & Co. L.P.'s dividend payout ratio (DPR) is presently 118.52%. [Full Article...]

General Electric Company (NYSE:GE) Shorted Shares Increased By 1.57%

P-R Herzig & Co increased its stake in Ford Mtr Co Del (F) by 27.41% based on its latest 2016Q4 regulatory filing with the SEC. S&CO Inc. now owns 412,358 shares of the conglomerate's stock valued at $12,288,000 after buying an additional 4,242 shares in the last quarter. [Full Article...]

How Does Frontier Communications Corporation (FTR) Stack Up Right Now?

Aberdeen Asset Management PLC UK's holdings in Frontier Communications Corp were worth $786,000 at the end of the most recent quarter. Other hedge funds also recently bought and sold shares of the company. Return on Equity (ROE) stands at -10.2% and Return on Investment (ROI) of 5.1 percent. If you look at the company's income statement over the past years, you will see that the company is c... [Full Article...]

Mondi Plc (MNDI) Rating Reiterated by Credit Suisse Group AG

As per Wednesday, July 20, the company rating was maintained by RBC Capital Markets. Zacks downgraded the shares of IMMR in report on Thursday, August 6 to "Buy" rating. Robert W. Baird has "Neutral" rating and $51 target. The firm earned "Equal-Weight" rating on Wednesday, March 1 by Barclays Capital. The firm earned "Neutral" rating on Wednesday, April 13 by BNP Paribas. [Full Article...]

Moody's downgrades China's rating

Moody's downgrades China's rating The downgrade is a reflection of the expectations by Moody's that the financial strength of China's economy will erode as debt mounts across the economy due to a potential for growth to slow, said the ratings agency in a prepared statement. [Full Article...]

The Johnson & Johnson (JNJ) Shares Bought by Aldebaran Financial Inc

The Johnson & Johnson (JNJ) Shares Bought by Aldebaran Financial Inc Bridgecreek Investment Management Llc who had been investing in Under Armour Inc Cl A for a number of months, seems to be bullish on the $8.72 billion market cap company. This represents a $3.36 annualized dividend and a yield of 2.57%. 512,206 were accumulated by Beck Mack & Oliver Ltd Limited Liability Company. Investec Asset Limited has 5.81M shares for 3.5% of their portfolio. [Full Article...]

Climate accord rejection deals blow to US leadership

True to his word , Tesla CEO Elon Musk is leaving the president's economic advisory council. The Green Climate Fund is a program birthed in 2010 under the United Nations Framework Convention on Climate Change to address the disproportionate burden climate change is placing on the developing world. [Full Article...]

Mickey Drexler to Exit J.Crew

Mickey Drexler to Exit J.Crew Penney - there's a proven track record there". There are few Americans alive whose wardrobes haven't been, at some point or another, seriously indebted to Mickey Drexler and his keen sense for the fashion business. However, any changes to J. Crew won't be immediate. J. Crew has also received criticism for pricing its stylish items too high, especially in a market where fast fashion comes c... [Full Article...]

Greencore Group plc (GNC) Receives Buy Rating from Whitman Howard

It has outperformed by 14.42% the S&P500. This was shown in a research note on Wednesday morning. De Lange Bob also bought $99,320 worth of Caterpillar Inc. The firm has "Buy" rating given on Thursday, May 5 by Liberum Capital. The stock of SSE PLC (LON:SSE) earned "Overweight" rating by Barclays Capital on Friday, July 22. [Full Article...]

UAE bans expressions of sympathy towards Qatar

UAE bans expressions of sympathy towards Qatar Qatar has denied the allegations, in the biggest diplomatic crisis to have hit the region in years. Russian Federation is meanwhile also suspected of meddling in the 2016 USA presidential election. Saudi Arabia then cited the false item as part of its reason for instituting a diplomatic and economic blockade against Qatar, the report said. Trump sided with Saudi Arabia and other Arab countri... [Full Article...]


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