Markets

Molefe goes back to Eskom as CEO

Molefe goes back to Eskom as CEO He added that with Brown's consent, the utility had reinstated Molefe's contract of employment, which ends in September 2020. Eskom chairperson Ben Ngubane said he was "absolutely delighted" to have Molefe back. This followed the release of the Public Protector's report on state capture. "Definitely‚ he is coming back on Monday‚" he said. Matshela Koko has been the acting CEO since Molefe's ... [Full Article...]

Weir Group PLC (WEIR) Increases Dividend to GBX 29 Per Share

Investors of record on Thursday, March 30th will be given a dividend of GBX 30.57 ($0.40) per share. National Express Group PLC (LON:NEX) has risen 7.34% since October 10, 2016 and is uptrending. 217.82 million shares or 4.58% more from 208.27 million shares in 2016Q3 were reported. (NYSE:AYI). Farmers & Merchants Invs Inc holds 5 shares. Axa owns 72,645 shares. [Full Article...]

Express Scripts Holding Company (NASDAQ:ESRX) EPS Analysis

The stock has a 50-day moving average price of $64.44 and a 200-day moving average price of $69.15. Dorsey & Whitney Trust CO LLC increased its stake in shares of Express Scripts Holding Company by 0.5% in the third quarter. Receive Express Scripts Holding Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings f... [Full Article...]

Instinet Increases Platform Specialty Products Corp (PAH) Price Target to $16.00

Market watchers will be closely following company shares into the second half of the year. Its down 3.61% from 28.59 million shares previously. The firm has a 50-day moving average of $13.24 and a 200-day moving average of $11.18. 230.21 million shares or 1.71% more from 226.33 million shares in 2016Q3 were reported. (NYSE:CNX). Moreover, Quantbot Tech L P has 0.04% invested in CONSOL Energy Inc. [Full Article...]

Snapchat co-founders lose $2 billion after poor Q1

Revenues were up almost four-fold compared to the same period previous year at $149.6m but lower than the $158m expected on average by analysts. It's essentially not a social networking application like Facebook or WhatsApp. When pressed on the call about competing with Facebook , Spiegel said he expects that "everyone is going to develop a camera strategy". Spiegel had a biting response to Fa... [Full Article...]

South Korea's Moon floats summit; will North bite?

Moon came to power with a promise to review the system and he told Xi North Korea must cease making provocations before tension over the deployment could be resolved, officials said. Moon called for "dialogue along with sanctions and pressure" on the North, Yoon said, and - echoing the United States' line - suggested that Beijing should do more to tame Pyongyang. [Full Article...]

Tim Cook: Apple Watch Sales Doubled In the Last Quarter

Tim Cook: Apple Watch Sales Doubled In the Last Quarter In addition, the company said that they sold 50.76 million iPhones in the second quarter, which decreased from 51.19 million the same period previous year. Its latest moves may be meant to head off any potential conflicts with President Trump, who has pressured corporations to invest more domestically. Cook has personally attacked the current tax code many times over the last few years. [Full Article...]

SnapChat is in Big Trouble

SnapChat is in Big Trouble Snap ( SNAP ) shares plunged 21 percent in after-hours trading after the social media company's debut earnings report as a public company left investors unimpressed. The company said Snapchat added 8 million active users during the quarter, upping its base to 166 million. "I feel we have executed well on our priorities for this quarter, and that we have a strong foundation as we build our busi... [Full Article...]

Snap stock plunges in USA following earnings report

But it's not going so well. Shares in the owner of Snapchat have fallen by a quarter after its first set of results since floating on the stock market missed Wall Street expectations. Facebook followed this feature launch on Instagram by bringing the same format to WhatsApp, Messenger, and Facebook itself. A lot is riding on Spiegel to build products that delight people, said analyst Greenf... [Full Article...]

Snapchat parent company reports £1.7bn loss in first earnings report

Snap said its number of daily active users had risen to 166 million, up 5% from 158 million in the fourth quarter of 2016, but lower than some analysts had expected. Snapchat , like Facebook, is also experimenting with augmented reality, a blending of the virtual and physical worlds, but it's still hard to tell how that will make money or have broad appeal. [Full Article...]

'English language losing importance in Europe'

Voters across England, Scotland and Wales went to the polls on Thursday to choose almost 5,000 new local councillors, in the shadow of campaigning for the surprise June 8 general election and bitter discussions over Britain's departure from the European Union. [Full Article...]

Snap stocks plummet after releasing first earnings report since IPO

However by that time, Facebook's users were already 552 million or over three times the number of Snapchat. Snap, the company best known for its Snapchat app, reported a $2.2 billion loss in its first quarter as a publicly traded company. [Full Article...]

Snapchat growth stalls in first earnings report

However, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were negative at US$188.2 million, doubling losses of US$93.2 million a year earlier. " Snap's user growth will also be a key item in focus", TheStreet reported yesterday. Another factor which could be driving users away from Snapchat, is the fact that Facebook and Instagram have copied numerous features... [Full Article...]

Congress puts airlines on notice about customer service

The transportation panel is holding a hearing on airline service after a passenger was forcibly removed from a United flight last month. Otherwise, "we're going to act and you're not going to like it", he said, predicting a "one-size-fits-all" solution that may serve some airlines but not others. [Full Article...]

How Rise in Student Loan Rates Will Affect Borrowers

How Rise in Student Loan Rates Will Affect Borrowers In March, new analysis of government data by the Consumer Federation of America found that the number of Americans in default on their student loans jumped by almost 17 percent past year. A graduate student who took out a direct loan for $20,000 this past school year would have to shell out a total of $25,821 to pay back the debt in 10 years. [Full Article...]

Ubuntu, Suse, and Fedora Are Coming to Windows 10

Windows will include OneDrive Files on Demand , a feature the company said will give users the ability to access documents from the service without having to download them, even when they aren't connected to the web, through clever technology that caches versions. [Full Article...]

Former French PM offers to back Macron in June elections

Federal Reserve with one rate rise priced in between now and the end of the year, and what's the probability that the European Central Bank will look to taper monetary policy before the end of the year", said Michael Hewson, chief markets analyst at CMC Markets in London. [Full Article...]

China's first giant passenger jet is slated for maiden test flight

China's first giant passenger jet is slated for maiden test flight The five-strong flight test crew were charged with checking 15 parameters during the flight, and, after the flight, Comac reported that all these tests had been successfully carried out. French-US supplier CFM International has provided technology for the aircraft's engines. However, "at least in the early years of service, demand will be centered in the Chinese market and a few satellite mark... [Full Article...]

Jeremy Corbyn's auto runs over BBC cameraman following manifesto leak

The leaked document does not appear to be the final version of Labour's manifesto, which is due to be published shortly and has yet to be formally approved by the party's leadership. To pay for the policy pledges, Labour has already announced plans to hike corporation tax to 26% by 2022, bringing in an extra £20 billion for the Exchequer, and indicated people earning more than £80,000 will face ta... [Full Article...]

Consumers Should Prepare for Higher Interest Rates

But the U.S. central bank said it expected growth to pick up again, and made a decision to keep a key interest rate on hold in a range of 0.75% to 1%. Consumer spending accounts for more than two-thirds of USA economic activity. "Most participants anticipated that gradual increases in the federal funds rate would continue and judged that a change to the committee's reinvestment policy would li... [Full Article...]


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