Markets

Imperial Oil Ltd (IMO) Analysts See $0.29 EPS

Imperial Oil Ltd (IMO) Analysts See $0.29 EPS The company, majority owned by Exxon Mobil Corp, said gross production rose slightly to 331,000 barrels of oil equivalent per day (boepd) in the reported quarter, compared with 329,000 boepd past year. Receive Imperial Oil Limited News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil Limited with ... [Full Article...]

Treasury Announces End of myRA Program

Treasury Announces End of myRA Program Today, there are 30,000 myRA accounts, 20,000 of which have a median balance of $500, and an additional 10,000 accounts have a zero balance because their owners never made contributions. The Treasury Department said it sent emails on Friday morning to all myRA participants notifying them of the change. But you don't need to wait for Treasury to contact you first, you can transfer the full balanc... [Full Article...]

Embracing Harm Reduction, FDA Gives E-Cigarette Industry a Regulatory Reprieve

Embracing Harm Reduction, FDA Gives E-Cigarette Industry a Regulatory Reprieve The policy announced on Friday has a goal of cutting back on nicotine levels in order to discourage addiction and lower the number of U.S. smokers. Shares of tobacco stocks plummeted after the announcement was made. Finally, the FDA proposes to cut to cigarette nicotine with the objective of anticipating a great many tobacco-related passing's a year. Scott Gottlieb, commissioner of the Food a... [Full Article...]

MAC Giving Away Free Lipsticks on National Lipstick Day

MAC Giving Away Free Lipsticks on National Lipstick Day To our delight, MAC is celebrating National Lipstick Day in a fabulous fashion with the brand's Lips Lips Lips offering. In honor of the made up holiday, Walmart looked at the numbers and found pink, in all its different shades, is America's best-selling color. [Full Article...]

Wells Fargo to refund $80M to CPI-affected customers

Wells Fargo to refund $80M to CPI-affected customers The New York Times reported earlier that more than 800,000 people who took vehicle loans from Wells Fargo were charged for auto insurance they did not need, and some of the customers were still paying for it. The bank announced the measures a few hours after New York Times columnist and editor Gretchen Morgenson said she had obtained a 60-page report by consulting firm Oliver Wyman examining... [Full Article...]

Laurene Powell Jobs, Steve Jobs' widow, buys The Atlantic

Laurene Powell Jobs, Steve Jobs' widow, buys The Atlantic In a memo to the staff of The Atlantic , chairman and owner David Bradley writes that he started looking for a buyer when he realized his sons were not interested in owning a media company. The deal includes the magazine and its website, a live events business and consulting services but doesn't include Atlantic Media's other properties, including National Journal and business news website Qua... [Full Article...]

Increases Stake in Exxon Mobil Corporation (NYSE:XOM)

Increases Stake in Exxon Mobil Corporation (NYSE:XOM) It has outperformed by 25.21% the S&P500. Capital Management Corp VA's holdings in Exxon Mobil Corporation were worth $863,000 as of its most recent filing with the SEC. The largest USA energy companies reported robust profits on Friday, continuing a quarter in which the world's big oil firms reported their strongest gains since a pronounced price crash began in 2014. [Full Article...]

AstraZeneca teams up with Merck to co-develop/co-commercialize cancer med Lynparza

AstraZeneca teams up with Merck to co-develop/co-commercialize cancer med Lynparza This strategic collaboration is expected to further increase the number of treatment options available to patients. The companies will work together on developing AstraZeneca's Lynparza to treat other cancers, including combinations with their respective immuno-oncology drugs. [Full Article...]

Stock Roundup: Yamana Gold, Inc. (AUY)

Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Creative Planning increased its stake in Yamana Gold by 76.6% in the second quarter. (NASDAQ:ZFGN)'s performance this year to date is 6.60%. Equities research analysts forecast that Yamana Gold Inc. will post $0.05 earnings per share for the current fiscal year. [Full Article...]

Starbucks will close all Teavana locations

Starbucks will close all Teavana locations The stores had been "strategically underperforming", Starbucks' president and CEO Kevin Johnson said during an earnings call Thursday. As for Teavana employees, the company says about 3,300 partners will be impacted by the closures but will get a chance to apply for positions at Starbucks stores since they plan to create 240,000 new jobs globally and about 68,000 in the US within the next ... [Full Article...]

After Earnings Party: Amazon.com, Inc. (AMZN), Starbucks Corporation (SBUX)

After Earnings Party: Amazon.com, Inc. (AMZN), Starbucks Corporation (SBUX) Bedell Frazier Investment Counseling, LLC added to its holdings by buying 502 shares an increase of 3.1%. Online-retail giant and cloud-computing veteran Amazon .com ( NASDAQ: AMZN ) reported second-quarter results on Thursday night. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and worldwide copyright laws. The original... [Full Article...]

ITC Q1 net rises 7.4% to Rs 2560 cr

ITC Q1 net rises 7.4% to Rs 2560 cr On the NSE, shares of the company fell sharply by 7 per cent to Rs 371.20. Total income of the company stood at Rs 987.7 crore for the quarter under consideration, as against Rs 1,032.9 crore a year ago. Its paperboards, paper and packaging segment revenues was up 2.79 per cent in Q1/FY 2017-18 to Rs 1,359.83 crore, as against Rs 1,322.90 crore, primarily due to sluggish demand conditions prevai... [Full Article...]

Most Active Stock: Applied Materials, Inc. (AMAT)

Most Active Stock: Applied Materials, Inc. (AMAT) Hedge funds and other institutional investors own 80.18% of the company's stock. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. (NASDAQ:AMAT) to report earnings on August, 17. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimat... [Full Article...]

USA economy grows a little less than expected in Q2

USA economy grows a little less than expected in Q2 The US economy grew by 2.6% in the second quarter, according to Commerce Department figures. At the same time, the growth estimate from the first quarter was revised downward, to a sluggish 1.2 percent, meaning growth more than doubled from one quarter to the next. [Full Article...]

Inc. Has $5.88 Million Position in First Solar, Inc. (NASDAQ:FSLR)

Inc. Has $5.88 Million Position in First Solar, Inc. (NASDAQ:FSLR) The firm has "Neutral" rating given on Thursday, May 18 by Robert W. Baird. Cowen and Company set a $40.00 price objective on shares of First Solar and gave the stock a "buy" rating in a research note on Monday, July 10th. About 1,776 shares traded. Price T Rowe Assoc Md holds 0% or 18,744 shares. Institutional investors own 60.35% of the company's stock. Texas Permanent School Fund, a Texas-bas... [Full Article...]

Amazon profits sink 75pc after focus on expansion and investment

Amazon profits sink 75pc after focus on expansion and investment Global sales across Amazon climbed from $9.8 billion to $11.5 billion, while U.S. sales jumped from $17.7 billion to $22.4 billion. Consumer retail sales in the three months to the end of June hit $33.9 billion, while Amazon Web Services (AWS ) revenue was up 42% to $4.1 billion. [Full Article...]

British Airways owner IAG enjoys soaring profits despite Heathrow computer chaos

British Airways owner IAG enjoys soaring profits despite Heathrow computer chaos Operating profit before one-time items rose to 805 million euros ($941 million) in the second quarter from 555 million euros a year earlier, IAG said in a statement Thursday. Passenger unit revenue rose 1.5% in the quarter, delivering the first year-on-year increase in quarterly revenue per passenger mile flown since 2014. [Full Article...]

Italian scandal haunts BT as profits drop 42%

Italian scandal haunts BT as profits drop 42% However, the issue had further knock-on effects for BT because Deutsche Telekom and Orange , who became shareholders in BT after the company acquired EE in 2015, had been issued a warranty as protection against a dip in BT's performance. [Full Article...]

American Airlines reports dip in profits, good outlook

American Airlines reports dip in profits, good outlook Trust Department MB Financial Bank N A increased its position in shares of American Airlines Group by 1.0% in the second quarter. DXC share have rallied by 32.08% in percentage terms since the start of the year - and added 1.24% in the last month. [Full Article...]

Energy Transfer Equity, LP (NYSE:ETE) Reviewed By Analysts

It has outperformed by 2.32% the S&P500. On 7/26/2013 Energy Transfer Equity, L.P. announced a quarterly dividend of $0.66. The hedge fund run by Anthony Bozza held 237,500 shares of the air freight and delivery services company at the end of 2016Q4, valued at $44.22M, up from 50,600 at the end of the previous reported quarter. [Full Article...]


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