Finance


Uber president Jeff Jones quits after just six months Uber president Jeff Jones quits after just six months
- March 24, 2017

He had previously worked for Target, and was credited with modernising the USA retailer's brand. Unlike Jones, who ripped Uber's leadership on his way out the door, McClendon said his decision is based primarily on his desire to go back home. (more...)
Airbnb Expects African Growth Figures To Double in 2017 Airbnb Expects African Growth Figures To Double in 2017
- March 24, 2017

After losing $1 billion a year in China, the company finally made a decision to throw in the towel last year, selling its business in the country to its Chinese clone. Already the company provides 24/7 customer support in Mandarin and has partnered with local payment methods like Alipay and WeChat to help make things easier for Chinese customers. (more...)
Cheerios maker General Mills' sales miss estimates Cheerios maker General Mills' sales miss estimates
- March 22, 2017

Top line figures for the third quarter decreased 5% to $ 3.79 billion from $ 4.00 billion in the same quarter a year ago, where as analysts anticipated $ 3.82 billion. with MarketBeat.com's FREE daily email newsletter . On 12/16/2015 General Mills announced a quarterly dividend of $0.44 2.97% with an ex dividend date of 1/7/2016 which will be payable on 2/1/2016. (more...)
Americans should mark National Ag Week Americans should mark National Ag Week
- March 22, 2017

The event will take place at the National Press Club in Washington D.C. from 8:30-10:30 a.m. The theme this year is "Agriculture: Food For Life". To join in, please register here . In case you hadn't noticed, agriculture provides nearly everything we eat, use and wear daily. This is particularly true in our schools today where students may be exposed to agriculture only if they enroll in related vocational training - if it even exists. (more...)
Big brands implement ads boycott, Google says 'sorry' Big brands implement ads boycott, Google says 'sorry'
- March 21, 2017

And yet Google says it's not a media company. Michael Roth, CEO of Interpublic Group (IPG), said the advertising agency holding wasn't ruling out freezing its spend with Google if it didn't fix the issue of ads appearing next to extremist content . (more...)
Brazil meat scandal: Temer assures foreign markets
- March 21, 2017

RIO DE JANEIRO/SAO PAULO Brazil's Federal Police on Friday launched massive raids and searches as part of a probe of unnamed food processors accused of bribing regulators to loosen oversight. "What we have are containers there that can't leave the port to local markets". Authorities say that out of the 4,800 meatpacking facilities subject to federal inspection in Brazil, 21 are under investigation, including units of the two big companies JBS and BRF. (more...)
OPEC Favors Production Cut Extensions As Next Meeting Nears
- March 21, 2017

The U.S. West Texas Intermediate has declined by a massive 7.25% to around $47.95 per barrel. However, if OPEC doesn't extend its deal, it could pressure crude oil prices. Crude oil prices settled higher in futures market on Friday to tally a weekly gain, even as data showed a significant increase in the number of active US oil rigs, implying the potential for a further climb in domestic crude production. (more...)
JC Penney stores to remain open
- March 20, 2017

In an effort to reduce costs and build sales, the corporation announced in February it would close up to 140 this year. Most affected stores will begin the liquidation process on April 17. Penney Chairman and CEO Marvin Ellison said. Sales at Penney's stores which have been open for more than a year fell 0.7 percent in the fourth quarter which ended January 28, a bigger drop than the 0.5 percent decrease analysts predicted. (more...)
Hacked? McDonald's calls Trump 'disgusting excuse of a President' in deleted tweet Hacked? McDonald's calls Trump 'disgusting excuse of a President' in deleted tweet
- March 18, 2017

The fake tweet posted on one of McDonald's Twitter accounts calling the US President "disgusting". After clinching the 1,237 delegates needed to win the Republican presidential nomination in May, Trump posted a photo of himself with McDonald's fries and an uneaten burger while riding on his airplane. (more...)
Oil plumbs three-month low as OPEC reveals surprise Saudi production lift Oil plumbs three-month low as OPEC reveals surprise Saudi production lift
- March 17, 2017

Brazil is not a part of the non-Opec group that agreed to production cuts. The uncertainty caused crude prices to fall on Tuesday, pushing losses suffered over the past week to more than 10%. They were hoping for oil prices to stay above $50 this year - a level high enough to keep government coffers full, but low enough to discourage American shale producers from restarting their operations. (more...)
Someone used a $3 million Patriot missile to destroy a store-bought quadcopter Someone used a $3 million Patriot missile to destroy a store-bought quadcopter
- March 17, 2017

The missile wasn't fired by the United States, but by someone Perkins described as an ally "dealing with an adversary", suggesting it wasn't a test. The United States is planning to sell US$6.4 billion in arms, including Black Hawk helicopters, Patriot Advanced Capability-3 missiles, mine hunter ships and information technology, to Taiwan, a move that will infuriate China and test whether President Barack Obama's efforts to improve trust with Beijing will carry the countries through a tense ... (more...)
Intel Corporation (INTC) Buy, Sell or Hold Now? Intel Corporation (INTC) Buy, Sell or Hold Now?
- March 17, 2017

Several other research firms also recently weighed in on INTC. MKM Partners reissued a "buy" rating and issued a $44.00 price target on shares of Intel in a research note on Monday, December 5th. Intel , which paid a 60% premium for McAfee, this past September said it would sell 51% of the company to private-equity firm TPG in a transaction that valued the entire business at $4.2 billion and spin it out as an independent company. (more...)
Active Volume Stock: GoPro, Inc. (NASDAQ:GPRO) Active Volume Stock: GoPro, Inc. (NASDAQ:GPRO)
- March 17, 2017

GoPro, Inc. (GoPro) produces cameras and mountable and wearable accessories. This showed the surprise of 31.8% in the last quarter earnings. The stock was sold at an average price of $8.19, for a total transaction of $336,420.63. The Company now has Insider ownership of 0.7 Percent and Institutional Ownership of 44.7 Percent. The Return on Investment (ROI) is at -93.3% while it's Return on Equity (ROE) value stands at -75.1%. (more...)
Indiana Unemployment Rate Holds Steady, More Are Working Indiana Unemployment Rate Holds Steady, More Are Working
- March 16, 2017

The Glens Falls Metropolitan Statistical region did not see any change from January 2016 compared to its 2017 unemployment numbers, which were released by the State Department of Labor. Nonfarm payroll jobs data is available at http://www.maine.gov/labor/cwri/ces1.html . This is based on the latest unemployment rate released by the Alabama Department of Labor. (more...)
A Rare Team up of Economists with the Federal Reserve's Outlooks A Rare Team up of Economists with the Federal Reserve's Outlooks
- March 15, 2017

So what is the likely impact on the United States and the global economy? After all, the Fed is expected to raise by just 0.25% on Wednesday. Toms thinks that the Fed will raise rates three times this year and could do so another three times in 2018. (more...)
Valeant Pharmaceuticals shares slump as Pershing exits Valeant Pharmaceuticals shares slump as Pershing exits
- March 15, 2017

Pershing Square Capital Management has bailed on Valeant Pharmaceuticals International by selling its final stake in the drugmaker for a large tax loss . The sale of his stake ends a sage of almost three years that first saw him team with Valeant in a hostile takeover bid for a rival prior to later making his own investment. (more...)
US Attorney Preet Bharara fired after refusing to resign US Attorney Preet Bharara fired after refusing to resign
- March 14, 2017

Bharara enjoyed a particularly powerful perch in the criminal justice system with the Southern District of NY being one of the largest federal prosecutors' offices in the USA with 220 assistant United States attorneys. But Bharara refused to resign, so he was sacked. Marc Mukasey, the son of former Attorney General Michael Mukasey and a "protege" of former New York Mayor New York Giuliani, emerged as a leading contender this weekend after Trump fired Bharara. (more...)
Mobileye share price soars as Intel's $15.3bn acquisition confirmed Mobileye share price soars as Intel's $15.3bn acquisition confirmed
- March 14, 2017

Intel partnered with Mobileye previous year, along with BMW, with the goal of making an autonomous auto powered by its processor's and the Israeli firm's software by 2021, and in January Mobileye announced it was developing a test fleet of autonomous cars together with the two firms. (more...)
Bitcoin Price Drops After Winklevoss ETF Proposal Rejected By SEC Bitcoin Price Drops After Winklevoss ETF Proposal Rejected By SEC
- March 13, 2017

For now, you can buy bitcoins on online exchanges, which often require an involved registration process and premium prices. If the SEC rules in favor of allowing Bitcoin to be publicly traded , this scaling problem could get even worse. That said the current price point for the current is still above the $1000 per bitcoin, making it still one of the most valuable and fastest growing crypto-currencies in existence. (more...)
European giants set sights on Arsene Wenger this summer European giants set sights on Arsene Wenger this summer
- March 12, 2017

Aaron Ramsey struck Arsenal's fifth to sink Lincoln. While being realistic over the prospect of his team upsetting the Gunners at the Emirates Stadium , where the Imps are set to bring some 9,000 supporters, Cowley is determined not to let the occasion get to his side. (more...)
Trump team: WikiLeaks is different now that Trump is being hacked Trump team: WikiLeaks is different now that Trump is being hacked
- March 11, 2017

I think because of Obamacare, premiums on everyone have gone up, whether you're in an employer-based system or not. Aside from his restrained laughter, Spicer's comment was akin to telling Black Lives Matter protestors that "all lives matter". (more...)
Court Denies Latest Motion Against Dakota Access Court Denies Latest Motion Against Dakota Access
- March 11, 2017

A federal judge declined earlier this week to temporarily halt the construction. Since it would be built under Lake Oahe in North Dakota, the tribe argued it would interfere with their religious practices. He rejected the tribes' argument that the U.S. Army Corps of Engineers didn't engage in proper consultations on the pipeline's path and said the Sioux hadn't protested the pipeline for more than two years after knowing about the proposed route in Cannon Ball, N.D. (more...)
Barclays PLC (BARC) Receives "Outperform" Rating from Credit Suisse Group AG
- March 09, 2017

They issued a "buy" rating and a GBX 249 ($3.05) target price on the stock. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus target price of GBX 365.67 ($4.47). (more...)
Analysts Advise About Host Hotels & Resorts, Inc. (NYSE:HST)
- March 09, 2017

The stock had a trading volume of 235,978 shares. Bank of America Corp initiated coverage on shares of Park Hotels & Resorts in a research report on Tuesday, February 21st. On average, equities analysts forecast that Host Hotels & Resorts will post $0.99 earnings per share for the current fiscal year. Investors of record on Friday, December 30th were issued a dividend of $0.05 per share. (more...)
Uber Scandals: Company To Hire Chief Operating Officer After Recent Controversies Uber Scandals: Company To Hire Chief Operating Officer After Recent Controversies
- March 09, 2017

The person will be "a peer who can partner with me to write the next chapter in our journey", Kalanick writes in a blog post on the company website. It looks like hiring a No. 2 at the company is Kalanick's first step in getting the "leadership help" he referenced. Kalanick, for his part, may have stopped saying " hashtag winning " and "Boob-er" in public, but the video of him confronting an Uber driver suggests he remains prone to outbursts in private. (more...)
Deutsche Bank board to meet Sunday to discuss capital hike Deutsche Bank board to meet Sunday to discuss capital hike
- March 06, 2017

Deutsche Bank AG (FRA:DBK) has been given a €19.00 ($20.00) target price by research analysts at S&P Global Inc.in a research report issued on Tuesday. The timing of the capital increase seeks to take advantage of a resurgence in Deutsche Bank's share price, which has nearly doubled from multiyear lows near EUR10 in September. (more...)
So Patrick Stewart's Going to be in Deadpool Now? So Patrick Stewart's Going to be in Deadpool Now?
- March 06, 2017

The movie took in an estimated $85.3 million, according to Exhibitor Relations , setting the record for the biggest-ever R-rated opening weekend at the box office in March. Hugh Jackman returned for his last ride as Wolverine in " Logan " on Friday, March 3 - making it Marvel's newest addition to the X-Men film series. (more...)
Keystone pipeline won't have to use American steel, despite Trump's repeated promises Keystone pipeline won't have to use American steel, despite Trump's repeated promises
- March 05, 2017

I said, 'Nope, it comes from the United States or we're not building one.' American steel. "President Trump has repeatedly vowed to build construction projects with American steel as a way to support manufactures and create jobs here at home-even going as far as making it one of his first signed executive orders", Rep. (more...)
Costco announces increase to membership fees Costco announces increase to membership fees
- March 04, 2017

Klingman & Associates LLC now owns 1,218 shares of the retailer's stock valued at $186,000 after buying an additional 250 shares during the last quarter. During the same quarter in the previous year, the company posted $1.09 EPS. The stock grabbed 157 new institutional investments totaling 7,954,923 shares while 63 institutional investors sold out their entire positions totaling 2,708,131 shares. (more...)
Is USO Outperforming WTI Crude Oil? Is USO Outperforming WTI Crude Oil?
- March 04, 2017

Larger cuts in Saudi Arabia and Angola helped offset production increases in Libya and Iran . Recently, the Iranian Oil Minister said that an oil rally above $60 a barrel would ultimately hurt OPEC because it would spur competitors to boost production and trigger a medium-term price drop. (more...)
Federal agents raid Caterpillar offices Federal agents raid Caterpillar offices
- March 03, 2017

The office of the U.S. Attorney for the Central District of IL confirmed that law enforcement was searching offices in Peoria, East Peoria and logistics facilities in Morton but released no details on what authorities are looking for or why they were conducting the raids. (more...)
Analyst's Proposition on The TJX Companies, Inc. (TJX), Emerson Electric Co. (EMR) Analyst's Proposition on The TJX Companies, Inc. (TJX), Emerson Electric Co. (EMR)
- March 03, 2017

Bank of America Corp cut Portland General Electric Company from a "neutral" rating to an "underperform" rating and set a $39.00 target price on the stock.in a research note on Tuesday, November 22nd. The dividend yield based on the forward looking indicated annual dividend is 3.21%. If a company has a PEG Ratio over one, it may represent that the company is overvalued. (more...)
Uber CEO Travis Kalanick apologizes for lashing out at driver Uber CEO Travis Kalanick apologizes for lashing out at driver
- March 03, 2017

Kalanick highlights that before now, he's never been willing to admit that he needs some leadership help, but he now wants to get it. " Uber names/blames me for account deletes, and has a different law firm -not Holders - investigating me", the engineer, Susan Fowler said in a tweet Thursday. (more...)
Trump Supporters in the Bronx Praise the President's Address Trump Supporters in the Bronx Praise the President's Address
- March 02, 2017

Emphasising his "America first" pitch, Trump said that his administration would bring newer reforms for American companies to work easy in the country. All the major news networks will carry the speech, but you can also watch it live on WhiteHouse.gov . Heralding a "new chapter of American greatness", Mr Trump said the U.S. (more...)
Warren Buffett: Keep Free Trade, But Help Individuals Hurt By It Warren Buffett: Keep Free Trade, But Help Individuals Hurt By It
- March 01, 2017

Buffett talked at length, as he has done in the past, about how Berkshire's corporate philosophy has shifted over time from primarily holding common stocks in insurance subsidiaries to being outright owners of businesses. However, that's much easier said than done, even for the most avid basketball fan. Mr Buffett, who supported Democratic candidate Hillary Clinton in the U.S. (more...)
Takata Pleads Guilty To Pay $1 Billion in Criminal Fines
- March 01, 2017

Takata is expected to enter a guilty plea to one criminal charge at a hearing in Detroit Monday. The Justice Department reportedly is still seeking extradition for three former Takata executives who live in Japan. One unidentified auto maker referred to an air bag that ruptured in 2009 as a "passenger protection device.transformed into a killing weapon", according to the court documents filed Monday in a Miami federal court as part of consolidated litigation against vehicle companies and ... (more...)
Trump targets Obama-era water regulation in new executive order
- March 01, 2017

The rule was created under the authority granted to the EPA by the 1972 Clean Water Act, and followed two Bush-era Supreme Court cases that created some confusion about how much the federal government could regulate activities around streams and other small bodies of water. (more...)
Sen. @RogerWicker Votes to Confirm Wilbur Ross as Commerce Secretary Sen. @RogerWicker Votes to Confirm Wilbur Ross as Commerce Secretary
- March 01, 2017

Ross was confirmed by the U.S. Senate Monday night. "I believe his extensive management experience in the private sector, and his understanding of the challenges faced by workers and businesses alike, will equip him well for the job of leading the Department of Commerce", said Sen. (more...)
Stagecoach Group plc (SGC) Given "Buy" Rating at Deutsche Bank AG
- February 28, 2017

They issued a buy rating and a GBX 417 ($5.19) price target for the company. They now have a GBX 130 ($1.62) price target on the stock. Jefferies Group LLC reaffirmed a "buy" rating and set a GBX 168 ($2.09) price target on shares of Serco Group plc in a research report on Friday. (more...)
City announces new flights to Chicago and Denver
- February 28, 2017

United said the service will operate on a daily, year-round basis, except for certain dates in January and February. The route is seasonal to accommodate the busy summer traffic and is planned to end September 5. "This service will provide 150 new departing seats per day, which is a capacity increase of 35 percent for our community" said John Reed, Rochester International's executive director. (more...)