Business


Hyderabad drugs scandal: Mumaith Khan questioned by SIT officials Hyderabad drugs scandal: Mumaith Khan questioned by SIT officials
- July 29, 2017

SIT officials feel that Ravi Teja is one of the key persons to be questioned from the film industry after Puri Jagannath in the ongoing probe into the drug case. As a part of the racket, high-end drugs like lysergic acid diethylamide (LSD) and methylenedioxy-methamphetamine (MDMA) were being supplied. The actor will be asked for blood, hair and nail samples as well but they will be taken only if he gives his consent. (more...)
Enable Midstream Partners LP
- July 28, 2017

Bernstein downgraded Syngenta AG (ADR) (NYSE:SYT) rating on Tuesday, September 6. Topeka Capital Markets maintained Magnachip Semiconductor Corp (NYSE:MX) rating on Friday, October 30. Bright Rock Mngmt Ltd holds 1.99% or 151,000 shares in its portfolio. Deerfield Mgmt accumulated 0.83% or 407,000 shares. California-based First Republic Investment has invested 0.06% in Celanese Corporation (NYSE:CE). (more...)
Portland General Electric Company (NYSE:POR) Set to Announce Earnings on Friday
- July 28, 2017

It has underperformed by 6.00% the S&P500. Northstar Investment Advisors Llc increased General Electric (GE) stake by 4.53% reported in 2016Q4 SEC filing. Aqr Capital Mngmt reported 0.16% in General Electric Company (NYSE:GE). Frontier Capital Management Co. Holderness holds 2.27% or 81,276 shares in its portfolio. (more...)
LA Galaxy fire coach Curt Onalfo, re-hire Sigi Schmid LA Galaxy fire coach Curt Onalfo, re-hire Sigi Schmid
- July 28, 2017

That was before Onalfo's tough half-season in charge of the first team, where the team went 6-10-4 in MLS regular season play, good for 9th out of 12 teams in the Western Conference. "Sigi's record speaks for itself", said Klein of the league's all-time leader in coaching victories (254 including playoffs). Onalfo was promoted from the job of coaching the club's reserve team. (more...)
Lookout for these three Stock?Verizon Communications Inc (NYSE:VZ) Lookout for these three Stock?Verizon Communications Inc (NYSE:VZ)
- July 28, 2017

Pinnacle Associates Ltd. boosted its position in shares of Verizon Communications by 1.4% in the fourth quarter. FMR LLC raised its stake in Verizon Communications by 17.9% in the fourth quarter. This represents a $2.31 dividend on an annualized basis and a yield of 4.83%. According to Yahoo Finance, The Dividend Date for Verizon Communications Inc is Aug 1, 2017 and its Ex-Dividend Date is Jul 6, 2017. (more...)
Valley National Bancorp (VLY), Host Hotels & Resorts, Inc. (HST)
- July 28, 2017

Zacks Investment Research lowered Valley National Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, July 8th. Several hedge funds have recently bought and sold shares of the company. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.19. (more...)
Diebold, Incorporated (NYSE:DBD) Shares Sold by Ledyard National Bank
- July 28, 2017

Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report -0.93 earnings per share. A number of other hedge funds and other institutional investors also recently made changes to their positions in DBD. Elkfork Partners LLC increased its stake in Diebold, by 19.8% in the first quarter. (more...)
Thai Fund Inc (NYSE:TTF) Institutional Investor Sentiment Trend Thai Fund Inc (NYSE:TTF) Institutional Investor Sentiment Trend
- July 28, 2017

As per Friday, July 15, the company rating was initiated by Stifel Nicolaus. 7/11/2017-Jefferies Group LLC Reiterated Rating of Buy. Among 24 analysts covering Celgene Corporation (NASDAQ:CELG), 19 have Buy rating, 0 Sell and 5 Hold. A number of institutional investors have recently bought and sold shares of CELG. Many investment firms and many large funds lately modified to their stake in CELG. (more...)
Teekay Offshore Partners LP (TOO) Teekay Offshore Partners LP (TOO)
- July 28, 2017

Deutsche Bank Ag stated it has 77,125 shares. Brookfield Business Partners with its institutional partners has entered an agreement to acquire 60% of Teekay Offshore Partners. UBS maintained the stock with "Buy" rating in Monday, June 20 report. They now have a United States dollars 19.8 price target on the stock. James River Group Holdings Ltd (JRVR) has risen 33.65% since July 27, 2016 and is uptrending. (more...)
Fairmount Santrol Holdings Inc. (NYSE:FMSA) to Release Earnings on Thursday
- July 28, 2017

Institutional investors now hold around $495 million or 86.4% in FMSA stock. FMR LLC acquired a new position in shares of Fairmount Santrol Holdings during the fourth quarter valued at about $14,216,000. Point72 Asset Management L.P. boosted its stake in shares of Fairmount Santrol Holdings by 19.4% in the first quarter. "(NYSE:FMSA)" was first published by Sports Perspectives and is the property of of Sports Perspectives. (more...)
Analyst Buzz: Yamana Gold, Inc. (AUY)
- July 28, 2017

Yamana Gold (NYSE AUY) traded down 1.21% during trading on Wednesday, reaching $2.45. It has underperformed by 16.70% the S&P500. Alan Fournier increased its stake in Acadia Healthcare Company In (ACHC) by 59.61% based on its latest 2016Q4 regulatory filing with the SEC. (more...)
Q4 Earnings Drop 7% Q4 Earnings Drop 7%
- July 28, 2017

About 1.07 million shares traded. The short-interest ratio decreased to 3.8 and the percentage of shorted shares is 0.03% as of May 31. Automatic Data Processing, Inc . It's not yet known how large Pershing's stake in ADP is, and it's unclear at this point whether Ackman will fight for changes in the company's operations, as he has in past investments. (more...)
Treasury Department Ending Ineffective Obama Retirement Program Treasury Department Ending Ineffective Obama Retirement Program
- July 28, 2017

Currently, about 40% of Americans who work full-time don't have access to an employer-sponsored retirement program like a 401 (k), according to Pew Charitable Trusts . We will be reaching out to all of our account holders with more information regarding the transfer or closure of your account. Announced with great fanfare by President Obama in his 2014 State of the Union address, the Treasury Department developed the framework for the government-sponsored IRA program over the next 10 ... (more...)
Sells 60 Shares of Imperial Oil Ltd (IMO)
- July 28, 2017

The expected IMO's profit could reach $221.02 million giving the stock 28.54 P/E in the case that $0.26 earnings per share is reported. Wetherby Asset Management Inc. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.47 dividend on an annualized basis and a yield of 1.60%. Imperial sold bitumen from its Canadian oil sands projects for C$38.22 per barrel in the second quarter compared with C$29.45 per barrel in the same period of 2016. (more...)
Sarraj-Haftar commit to Libya ceasefire - draft declaratio Sarraj-Haftar commit to Libya ceasefire - draft declaratio
- July 28, 2017

With respect to elections, Serraj and Hifter "struck an agreement to hold elections next spring", French President Emmanuel Macron announced. A 10-point statement backed by the two leaders said: "We commit to a ceasefire and to refrain from any use of armed force for any objective that does not strictly constitute counter-terrorism". (more...)
Big Tobacco smoked after FDA takes aim on cigarette nicotine levels Big Tobacco smoked after FDA takes aim on cigarette nicotine levels
- July 28, 2017

The FDA also said it will take a look at menthol cigarettes and other flavored tobacco products created to appeal to youth, and the health impacts of smoking premium cigars. The company said it was well prepared for the upcoming policy discussion. Philip Morris has spent over $3 billion on developing its reduced-risk portfolio. (more...)
Sensex slumps by more than 180 points, market opens lower Sensex slumps by more than 180 points, market opens lower
- July 28, 2017

From the week point of view, the Sensex climbed 280.99 points, or 0.87%, while the Nifty gained 99.25 points, or 1%. The Shanghai Composite index slipped 0.3 percent to 3,237.04 and shares in Southeast Asia were mixed. The BSE market breadth was bearish with 1,412 declines and 1,240 advances. ITC was trading at 1.99% or 5.75 points up. HCL Technologies and Yes Bank gained 1.8 percent and 4.4 percent, respectively after upbeat June-quarter profits. (more...)
Insider Trading at AstraZeneca plc? Insider Trading at AstraZeneca plc?
- July 28, 2017

This is -5.01% from the last stock price. It has outperformed by 2.75% the S&P500. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). (more...)
MAC Is Giving Away FREE Lipsticks This Weekend MAC Is Giving Away FREE Lipsticks This Weekend
- July 28, 2017

And if you're in the market for a new color, just head to your local M.A.C. store and pick up a free lipstick on Saturday. The giveaway is available at participating stores in the USA and Canada, the cosmetics company said in a series of tweets Friday, noting that the promotion "may vary by retailer". (more...)
British economy grows 0.3% in second quarter British economy grows 0.3% in second quarter
- July 28, 2017

The latest quarterly reading of 0.3-percent growth "confirms that the economy has little momentum because consumers are enduring falling real wages (on high inflation ) and businesses are holding back from spending due to Brexit risk", said Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics. (more...)
Australia inflation surprisingly soft, lengthens odds on rate hike Australia inflation surprisingly soft, lengthens odds on rate hike
- July 28, 2017

The effect of yesterday's data release is that official inflation is now below the RBA's target band of 2-3 per cent. Sign up here for free access to 7 articles per month + twice daily business email alerts. The fall in the local currency would have been greater but for the fact that the underlying measure of inflation was both higher than the headline rate and pretty close to what economists had been expecting. (more...)
Analyst Advice And Earnings Insight: The Coca-Cola Company (KO), Cowen Inc. (COWN) Analyst Advice And Earnings Insight: The Coca-Cola Company (KO), Cowen Inc. (COWN)
- July 28, 2017

Corporate insiders own 1.51% of the company's stock. The insider Finan Irial sold 354,146 shares worth $15.94M. Toth Fin Advisory Corporation stated it has 0.99% of its portfolio in The Coca-Cola Co (NYSE:KO). Jefferies Group LLC restated a "neutral" rating and set a $45.00 target price on shares of Coca-Cola Company (The ) in a report on Tuesday, April 25th. (more...)
PayPal Holdings, Inc. (PYPL) Given Neutral Rating at Bank of America Corporation
- July 28, 2017

In other PayPal Holdings news, Director Gail J. Mcgovern sold 1,800 shares of PayPal Holdings stock in a transaction on Thursday, June 8th. PayPal's market cap of $69.9 billion is now close to doubling eBay's, at $38.8 billion. On 6/1/2017 Gary J Marino, EVP, sold 1,350 with an average share price of $52.48 per share and the total transaction amounting to $70,848.00. Following the sale, the executive vice president now owns 37,491 shares in the company, valued at $2,025,638.73. (more...)
Gearing towards eliminating viral hepatitis by 2030 Gearing towards eliminating viral hepatitis by 2030
- July 28, 2017

This can result in real possibility of developing fatal liver disease at some point in their lives and in some cases unknowingly transmitting the infection to others. However, whether it can be transmitted sexually without the presence of blood remains unclear. However, when treatment is necessary, medication is given to try and cure the infection. (more...)
Broncos' Devontae Booker out at least six weeks with wrist injury
- July 28, 2017

Booker (wrist) will have surgery Friday and is being placed on the PUP list, The Denver Post's Nicki Jhabvala reports. The Broncos also have C.J. He was signed in October and released in November, carrying three times in his lone appearance. The eighth-year and oft-injured pro hasn't played a full 16-game slate since his rookie season in 2010. (more...)
Taco Bell, Lyft to offer 'ride-thru' meals Taco Bell, Lyft to offer 'ride-thru' meals
- July 28, 2017

For you midnight snackers out there, it doesn't get any better than this! The two brands are joining forces and calling it "Taco Mode". A long wait in a Taco Bell line would net drivers just a couple of bucks-far less than they would make driving Lyft users around town. (more...)
Analysts Set Deutsche Bank AG (NYSE:DB) Target Price at $16.40 Analysts Set Deutsche Bank AG (NYSE:DB) Target Price at $16.40
- July 28, 2017

Talking about profitability of the company, the profit margin percentage is -3.71% while its operating margin for the trailing twelve month is at 12.13%. Keefe, Bruyette & Woods raised shares of Deutsche Bank AG from an "underperform" rating to an "outperform" rating in a research report on Wednesday, April 5th. (more...)
Barrick to begin negotiations with Tanzania over exports Barrick to begin negotiations with Tanzania over exports
- July 28, 2017

Barrick Gold Corporation had a return on equity of 8.34% and a net margin of 16.44%. 4 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 2231.63 million while high and low sale targets are estimated at 2319.95 million and 2160 million respectively. (more...)
Meg Whitman steps down as chairwoman of HP Inc Meg Whitman steps down as chairwoman of HP Inc
- July 28, 2017

HPE dismissed the suggestion that Whitman will be leaving for cash-burning Uber, which turned over $6.5bn in fiscal '17 and went through $2.8bn in cash. It's now unclear whether Immelt has ambitions to stay at GE post-2017 and how close he is to joining Uber. The San Francisco-based company hopes to name a successor to Kalanick by early September. (more...)
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...)