Business


Thank You for Dropping the Border-Adjustment Tax
- July 28, 2017

The statement also outlined shared broad principles for the tax reform, including simplifying the tax code, providing tax relief for American families and lowing tax rates for all American businesses. The most notable development in the Republican tax statement was the dropping of the proposed border adjustment tax on imports. The statement was issued by White House economic advisor Gary Cohn and Treasury Secretary Steven Mnuchin, as well as senior Republican lawmakers, including House of ... (more...)
SpaceX: Elon Musk confirms Falcon launch date, company also gets new valuation SpaceX: Elon Musk confirms Falcon launch date, company also gets new valuation
- July 28, 2017

SpaceX is among an exclusive group of private USA -based companies that have multi-billion dollar valuations. SpaceX has become one of the the world's most valuable private companies. SpaceX was propelled into this club after its latest funding round. The New York Times had reported the new valuation earlier. Details on that launch have not yet been announced. (more...)
United Kingdom vehicle manufacturing slumps for third consecutive month United Kingdom vehicle manufacturing slumps for third consecutive month
- July 28, 2017

However, market softness both in the United Kingdom and certain key export markets may see the 2017 forecast revised, it said. Britain and India have the potential to expand post-Brexit trade in the auto sector, the head of the body representing British manufacturers said, as exports of United Kingdom -made cars to India rose 8.3% in the first half of the year, while those of Indian-made cars to the United Kingdom nearly doubled. (more...)
Oil prices jump towards data on reserves in US Oil prices jump towards data on reserves in US
- July 28, 2017

Physical markets have firmed due in large part to very strong refining margins. Oil prices had also been supported by Saudi Arabia's pledge to cap its exports earlier this week. "There is an impression that we're coming into balance finally and it's driven by this pretty steep decline in USA crude oil inventories". Mohammed Rumhy, Omani oil minister said in St Petersburg, that Libya and Nigeria should have their exemptions from the cuts rescinded and they should stop talking about ... (more...)
Swedish PM Lofven Drops Two Ministers Over IT Crisis Swedish PM Lofven Drops Two Ministers Over IT Crisis
- July 28, 2017

The government is reeling from the news that unvetted foreign IT workers were granted access to confidential information in the government and police database in 2015 when the Transport Agency outsourced some of its services to IBM in the Czech Republic. (more...)
Wells Fargo also defrauded 800000 auto loan customers and stole 25000 cars Wells Fargo also defrauded 800000 auto loan customers and stole 25000 cars
- July 28, 2017

And about 20,000 customers had their vehicles wrongfully repossessed because of the additional cost of insurance. Wells Fargo also apologized to customers who might have been charged wrongly due to its controversial CPI policies. Based on the initial findings, the company discontinued its CPI program in September 2016. "Upon our discovery, we acted swiftly to discontinue the program and immediately develop a plan to make impacted customers whole", Franklin Codel, the bank's head of ... (more...)
IAG reports rise in profits IAG reports rise in profits
- July 28, 2017

Chief Executive Willie Walsh said that the first half performance was very strong, and struck a different tone to competitors such as Lufthansa, Ryanair and easyJet who have warned of a downward pressure on fares hindering performance. 'In June, Level started long-haul flights from Barcelona to four destinations. Sales continue to be well ahead of our expectations. "We've ordered three additional aircraft and are considering other European bases for the operation", added Walsh. (more...)
Gold Prices Mark a Six-week High Gold Prices Mark a Six-week High
- July 28, 2017

A weaker dollar makes gold less expensive for holders of foreign currency, while a rise in US rates lifts the opportunity cost of holding non-yielding assets such as bullion. The dollar index, a measure of the greenback against a basket of six major currencies, was at a 13-month low, while US Treasury prices gained after the Fed's policy statement was perceived to be dovish. (more...)
American Air Shares Jump 3% After Profit Beat American Air Shares Jump 3% After Profit Beat
- July 28, 2017

Stifel Nicolaus maintained American Airlines Group Inc (NASDAQ:AAL) on Thursday, March 24 with "Buy" rating. The total number of shares percentage held by insiders is about 0.26% while the number of Shares % held by institutions is 73.8%. (more...)
Starbucks to close Teavana stores, including two locally
- July 28, 2017

The company trimmed its adjusted earnings per share forecast to between $2.05 and $2.06 per share. Hbk Sorce Advisory Ltd Liability Corporation stated it has 20,786 shares. A number of equities research analysts recently weighed in on SBUX shares. Starbucks is betting on its Chinese locations to drive growth, with plans to operate 5,000 locations in the country by 2021. (more...)
Emerson Collective Buys Majority Stake in the Atlantic Emerson Collective Buys Majority Stake in the Atlantic
- July 28, 2017

The deal doesn't, however, extend to subsidiary properties of Atlantic Media , "like National Journal , Quartz and Government Executive ", according to Axios . 'The Atlantic was co-founded 160 years ago by a group of abolitionists including Ralph Waldo Emerson, who is a primary inspiration for our own work at Emerson Collective '. (more...)
Barclays sets aside an extra £700m for PPI claims Barclays sets aside an extra £700m for PPI claims
- July 28, 2017

The bank said the division's pretax losses in the six months to the end of June narrowed to GBP647.0 million from the huge GBP1.90 billion loss the year before. In mid-morning trade on London's benchmark FTSE 100 index, Barclays' shares were flat at 208.65 pence. He said the 3p "token" dividend in 2017 was unsurprising given prior guidance, but looking ahead he is optimistic as 2017 "should be the peak year for both non-core losses and restructuring charges", so if regulatory/conduct is ... (more...)
Exxon -2% as Q2 earnings miss expectations Exxon -2% as Q2 earnings miss expectations
- July 28, 2017

On average, equities research analysts anticipate that Exxon Mobil Corporation will post $3.51 earnings per share for the current fiscal year. The push to a so-called "short cycle" strategy has helped companies such as Exxon, Chevron and Shell prepare for a world in which prices don't return to $100 a barrel for many years, if ever. (more...)
President Trump and Foxconn reveal plan to open LCD factory in Wisconsin President Trump and Foxconn reveal plan to open LCD factory in Wisconsin
- July 28, 2017

Governor Scott Walker spoke Thursday about the company moving to Wisconsin and directly addressed people that are skeptical of the the potential $3 billion in tax breaks the move would give the company. "Some might say on first glance, what is this going to do to challenge our quest for talent?" he said. "When you have something this big, this transformational, it will help draw more talent", the Governor said. (more...)
Bristol-Myers Squibb Company (NYSE:BMY) Sees Unusual Volume Mid-Session
- July 28, 2017

The volume of the particular stock is the shares bought and sold in a single trading day. It has underperformed by 16.70% the S&P500. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/07/28/bristol-myers-squibb-company-expected-to-earn-q2-2017-earnings-of-0-74-per-share-nysebmy-updated.html. (more...)
US Stocks Ride To Records After Strong Earnings US Stocks Ride To Records After Strong Earnings
- July 28, 2017

Having cut rates towards zero at the height of the financial crisis, the Fed set out on a bond-buying spree in which it injected $3 trillion into the USA economy. Two dealers see the Fed standing pat then, and financial futures markets assign less than a 50 percent probability of the Fed getting in another rate hike this year as it faces headwinds from stubbornly low inflation. (more...)
GlaxoSmithKline PLC (GSK) Issues Quarterly Earnings Results GlaxoSmithKline PLC (GSK) Issues Quarterly Earnings Results
- July 28, 2017

FMR LLC now owns 23,635,038 shares of the pharmaceutical company's stock valued at $996,452,000 after buying an additional 2,482,009 shares in the last quarter. The stock's 50 day moving average is 43.02 and its 200 day moving average is 41.78. Anchor Capital Advisors LLC boosted its position in shares of GlaxoSmithKline PLC by 9.6% in the first quarter. (more...)
AstraZeneca and Merck agree to deal to advance cancer therapies AstraZeneca and Merck agree to deal to advance cancer therapies
- July 28, 2017

Independently, the companies will develop and commercialize Lynparza with their respective programmed death (PD)-L1 and PD-1 immuno-oncology drugs, Imfinzi (durvalumab) and Keytruda (pembrolizumab). "This global collaboration between AstraZeneca and Merck , two oncology leaders, will increase the possibilities for patients to have more treatment options for more cancers", added Kenneth C. (more...)
Analysts See $0.77 EPS for Park Hotels & Resorts Inc (PK)
- July 28, 2017

Credit Suisse maintained Host Hotels and Resorts Inc (NYSE: HST ) rating on Wednesday, March 23. Himanshu H. Shah increased its stake in Cameco Corp (CCJ) by 196.36% based on its latest 2016Q4 regulatory filing with the SEC. Keefe, Bruyette& Woods, A Stifel Company is acting as book-running manager for the Preferred Stock offering. "(HST) Position Boosted by Oregon Public Employees Retirement Fund" was originally published by BNB Daily and is the sole property of of BNB Daily. (more...)
First Solar, Inc. (FSLR) Stock Is Rising Now First Solar, Inc. (FSLR) Stock Is Rising Now
- July 28, 2017

About 3.74 million shares traded or 65.49% up from the average. First Solar's revenues of $623.3 million in the quarter surpassed the Zacks Consensus Estimate of $572 million by 16.4%. The Firm also develops, designs, constructs and sells PV solar power systems that primarily use the modules it makes. Since February 23, 2017, it had 1 insider buy, and 5 sales for $337,428 activity. (more...)
USA economy grows by 2.6% in second quarter USA economy grows by 2.6% in second quarter
- July 28, 2017

Consumer spending makes up more than two-thirds of the American economy and it grew at a rate of 2.8% during the second quarter, up from the 1.9% of the previous quarter. A resurgence in consumer spending accounted for the bulk of the pickup in economic growth in the second quarter. The U.S. economy rebounded strongly between the months of April and June following a weak first quarter, government data showed Friday morning. (more...)
Amazon.com, Inc. (NASDAQ:AMZN) Expected To Report Earnings On Thursday Amazon.com, Inc. (NASDAQ:AMZN) Expected To Report Earnings On Thursday
- July 28, 2017

There has been a flurry of Amazon news, from the introduction of its shopping social network Spark to Amazon Prime Day results, the acquisition of Whole Foods Market bid and the tech-selloff in June that caused the stock to drop. V Wealth Management LLC now owns 1,012 shares of the e-commerce giant's stock worth $981,000 after buying an additional 107 shares during the last quarter. (more...)
Teavana closing at Lehigh Valley Mall, all 378 other locations
- July 28, 2017

However, Starbucks reported disappointing revenue and comparable sales growth on Thursday in its third quarter earnings report with the Teavana chain partially to blame. While Argo Tea initially anxious, Starbucks' experiment failed. The once profitable 379 free-standing tea bars will all be closing. In September 2016, Starbucks had said it launched its new tea line Teavana in the whole Asia region after it was introduced in China. (more...)
What Are Analysts Report About Marathon Petroleum Corporation (MPC) What Are Analysts Report About Marathon Petroleum Corporation (MPC)
- July 28, 2017

Insiders have sold a total of 33,568 shares of company stock worth $1,808,969 in the last quarter. Its total debt in 1Q17 is higher by ~$900.0 million, or ~13.0%, when compared to its total debt of ~$6.4 billion at the end of 2014. The score helps determine if a company's stock is valuable or not. Investors sentiment decreased to 0.81 in Q4 2016. Dividends is a reward scheme, that a company presents to its shareholders. (more...)
Verizon Matches Profit Expectations But Beats On Revenue Verizon Matches Profit Expectations But Beats On Revenue
- July 28, 2017

The company has market cap of $9. The stock rose 0.18% or $0.03 reaching $13.73 per share. About 8,102 shares traded. Blackstone Group LP (NYSE:BX) has risen 20.49% since July 27, 2016 and is uptrending. (NYSE:VZ) was sold by SILLIMAN CRAIG L . Investors sentiment increased to 1.11 in 2016 Q4. It increased, as 60 investors sold VZ shares while 658 reduced holdings. (more...)
Twitter (TWTR) Q2 Loss Narrower than Expected, Revenues Beat Twitter (TWTR) Q2 Loss Narrower than Expected, Revenues Beat
- July 28, 2017

Twitter revealed that the average monthly active users on the social network remained the same in quarter two at 328m a 5 per cent increase on previous year. Twitter executives, including chief executive Jack Dorsey and chief financial officer Anthony Noto , brushed off concern about user growth, saying that the firm is most interested in its daily active users - which it believes offers a more detailed picture of how people use its site. (more...)
Britain says free movement of labor with European Union will end after Brexit Britain says free movement of labor with European Union will end after Brexit
- July 28, 2017

Rudd also confirmed the government intends to seek a transition period to implement the immigration changes and avoid a worst-case scenario. Labour lawmaker Ian Murray, a supporter of Open Britain , a group campaigning for the closest possible ties with the European Union, also said the report should have been commissioned as soon as May first took office a year ago. (more...)
WebMD Health Corp. (WBMD) — Trend Analysis Report WebMD Health Corp. (WBMD) — Trend Analysis Report
- July 26, 2017

This trading sentiment put the stock on Most Active spotlight. As investors like to know volatility of the stocks, because how much the stock fluctuate its mean active investors can generate more and more profit. (NASDAQ:DCTH) last session's volume of 31.91 million shares was lower than its average volume of 149.04 million shares. After this sale, 14,794 common shares of WBMD are directly owned by the insider, with total stake valued at $977,883. (more...)
Jefferies Group LLC Upgrades SOCO International plc (SIA) to Jefferies Group LLC Upgrades SOCO International plc (SIA) to "Buy"
- July 26, 2017

Blackrock Fund Advsrs has 0.03% invested in Lithia Motors Inc (NYSE:LAD). Coe Mgmt Ltd Llc holds 0.85% or 6,780 shares. Basswood Cap Mngmt Ltd Liability Co owns 130,392 shares or 0.19% of their USA portfolio. Zpg Plc presently has a consensus rating of Hold and a consensus price target of GBX 396.17 ($5.16). Numis Securities maintained the stock with "Buy" rating in Monday, September 14 report. (more...)
Blue Apron Surges 9% as 7 Underwriters Start at Buy Blue Apron Surges 9% as 7 Underwriters Start at Buy
- July 25, 2017

Among 3 analysts covering LB Foster Co ( NASDAQ:FSTR ), 0 have Buy rating, 0 Sell and 3 Hold. Needham analyst Kerry Rice initiated coverage with a buy rating and price target of 10. Barclays PLC assumed coverage on Blue Apron Holdings in a report on Monday. They issued an "equal weight" rating on the stock. The company has a 50-day moving average price of $7.82 and a 200 day moving average price of $7.82. (more...)

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