Business


Buffett Converts BofA Warrants Into $16.5 Billion Stake in Bank Buffett Converts BofA Warrants Into $16.5 Billion Stake in Bank
- August 30, 2017

Warren Buffett's Berkshire Hathaway is now the largest shareholder in the second- and the third-largest United States banks, with stakes of roughly 6.6% in Bank of America and 10% in Wells Fargo & Co, according to Reuters. The shares closed Tuesday at $23.58, meaning Berkshire's paper profit on the stake is about $12 billion. Berkshire Hathaway is now the biggest shareholder in both the second- and third-largest USA banks, with 10 percent stakes of Wells Fargo & Co and 6.6 percent of Bank ... (more...)
Harvey forces ExxonMobil to close Baytown refining complex Harvey forces ExxonMobil to close Baytown refining complex
- August 30, 2017

Reported incidents include spills, odors, black smokes and flares and unauthorized discharges into the Houston Ship Channel. Roughly one million barrels per day of refinery capacity is offline in Houston and Galveston alone, with implications for domestic and global product markets. (more...)
Time to Buy Builders FirstSource, Inc. (BLDR) After Today's Huge Increase?
- August 30, 2017

About shares traded. TearLab Corp (NASDAQ:TEAR) has declined 69.71% since August 25, 2016 and is downtrending. It has outperformed by 14.95% the S&P500. BlackRock Inc. boosted its stake in Builders FirstSource by 8.9% in the second quarter. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.33. (more...)
Simon Property Group, Inc. (NYSE:SPG) Valuation According To Analysts
- August 30, 2017

Bronfman E.L. Rothschild L.P. boosted its position in Simon Property Group by 27.3% in the second quarter. (NYSE: SPG ) shares were trading higher by 1.52 percent ($2.38) at $159.04 a piece in Friday's session. Northern Trust holds 0.27% or 5.00 million shares in its portfolio. Ridgeworth Mgmt Ltd Liability reported 869 shares stake. Since March 28, 2017, it had 1 insider buy, and 0 insider sales for $232,400 activity. (more...)
2 million customer accounts hacked at CEX 2 million customer accounts hacked at CEX
- August 30, 2017

According to Cex, some old encrypted credit card information has been stolen, but due to the fact that Cex stopped storing credit card information in 2009, most of these cards should be expired. 'We also wanted to reassure you that we are investigating this as a priority and are taking a number of measures to prevent this from happening again . (more...)
United Kingdom produce helps keep lid on Brexit food inflation United Kingdom produce helps keep lid on Brexit food inflation
- August 30, 2017

British grown seasonal food helped to offset inflation on supermarket shelves, with fresh food prices dropping for the second month in a row from one per cent in July to 0.8 per cent. 'The seasonal availability of fruit and vegetables from United Kingdom suppliers is now shielding shoppers from the impact of higher import prices. (more...)
Kratos Defense & Security Solutions, Inc. (KTOS) closed at $12.90 with 6.17% Kratos Defense & Security Solutions, Inc. (KTOS) closed at $12.90 with 6.17%
- August 30, 2017

On Tuesday, January 17 the stock rating was initiated by Canaccord Genuity with "Buy". Noble Financial maintained the shares of KTOS in report on Friday, July 28 with "Buy" rating. Royal Bank & Trust Of Canada accumulated 0% or 44,435 shares. Awm Investment Co holds 1.00M shares or 1.45% of its portfolio. On Thursday, August 10 the stock rating was maintained by Canaccord Genuity with "Buy". (more...)
Yellen defends regulatory reforms brought in during crisis Yellen defends regulatory reforms brought in during crisis
- August 30, 2017

The policy "tools" Yellen believes she has at her disposal-changing the value of the dollar, influencing interest rates, and setting artificial requirements on the amount of capital banks should retain-are not suited for fixing any problems. (more...)
Analog Devices Smashes Earnings Estimates, Guides Higher Analog Devices Smashes Earnings Estimates, Guides Higher
- August 30, 2017

Finally, FMR LLC boosted its position in shares of Analog Devices by 52.2% in the first quarter. Its down 14.28% from 9.70 million shares previously. City Of London Investment Management Co Ltd, which manages about $4.21B and $1.25B US Long portfolio, decreased its stake in Turkish Investment Fund Inc. (more...)
North Korea threatens USA, say should be responsible for catastrophic consequences if…. North Korea threatens USA, say should be responsible for catastrophic consequences if….
- August 30, 2017

The missile North Korea fired into the Pacific Ocean on Monday was reportedly the same ballistic missile that it could potentially launch toward Guam, as it threatened to do earlier this month. "(North Korea) thinks that by exhibiting their capability, the path to dialogue will open", Masao Okonogi, professor emeritus at Japan's Keio University, said by phone from Seoul. (more...)
Both Federal Reserve favourites turn fire on Trump policies Both Federal Reserve favourites turn fire on Trump policies
- August 30, 2017

So by offering a fist-pumping vindication of capital buffers and stress tests, this thinking goes, Yellen essentially told the Fed chair search committee to inquire elsewhere. While some lawmakers argue that the ratcheting up of capital standards is hampering firms' ability to lend, Ms Yellen said that research points to "sizeable net benefits to economic growth from higher capital standards". (more...)
Summary of what has been trade about Thermo Fisher Scientific Inc
- August 30, 2017

It opened the session with a $177.69 price tag, later ranging from $177.285 to $180.68, the range at which the stock has traded at throughout the day. Cleveland downgraded the stock to "Neutral" rating in Friday, September 9 report. The stock has "Buy" rating by Argus Research on Tuesday, October 6. (more...)
Harvey's Sucker Punch to US Refineries Sends Oil Market Into a Tailspin Harvey's Sucker Punch to US Refineries Sends Oil Market Into a Tailspin
- August 30, 2017

The largest refinery in the United States, Motiva Enterprises' 603,000 barrel-per-day (bpd) plant in Port Arthur, Texas, was shutting down on Tuesday night because of flooding. The Eagle Ford shale basin lies in the path of the storm and producers in the region have idled production. Analysts expect the API to report another drawdown in oil inventories last week. (more...)
Euro hits 2 1/2-year high close to $1.20 Euro hits 2 1/2-year high close to $1.20
- August 30, 2017

Since early March 2017, the U.S. dollar and gold have been tightly interconnected, with the dollar weakening and gold gradually gaining in value. GBP/USD is supported in the range of 1.2868 levels and now trading at 1.2935 levels. The pan-European STOXX 600 ended the session down 1 percent, recovering some of the ground lost earlier in the day but still firmly on track to make August its third month of declines in a row. (more...)
7th Pay Commission: Odisha to implement salary hike from Sept 7th Pay Commission: Odisha to implement salary hike from Sept
- August 30, 2017

In spite of FM Arun Jaitley's promise, the government has not made any attempt to hike minimum pay till date . The minimum pay is hardly extreme or ridiculous. The report was finalised after considering representations from employees' associations and other stakeholders. State government had agreed to implement 7th Pay Commission past year in September, sometime after Central government announced the new pay panel. (more...)
Where PT Stands For Eli Lilly and Company (LLY) Where PT Stands For Eli Lilly and Company (LLY)
- August 30, 2017

About 578,942 shares traded or 14.29% up from the average. ABIOMED, Inc. (NASDAQ:ABMD) has risen 40.97% since August 29, 2016 and is uptrending. Ariel Capital Advisors Llc decreased its stake in Lilly Eli & Co (LLY) by 37.5% based on its latest 2016Q4 regulatory filing with the SEC. (more...)
"All options are on the table" for North Korea after missile launch
- August 30, 2017

Spot gold rose 0.6% to Dollars 1,316.90 per ounce as of 0314 GMT, after earlier touching its highest since November 9 at USD 1,322.33. The South Korean won on Wednesday pared some of the previous day's losses and the benchmark share index erased all of its retreat as worries about North Korea , which on Tuesday launched missile that went over Japan , receded. (more...)
The Iamgold Corporation's (IAG) The Iamgold Corporation's (IAG) "Hold" Rating Reaffirmed at Royal Bank Of Canada
- August 30, 2017

Therefore 36% are positive. Iamgold Corporation has a 52 week low of $3.14 and a 52 week high of $6.35. The stock exchanged hands 6.7 Million shares versus average trading capacity of 5.8 Million shares. Since March 14, 2017, it had 0 insider purchases, and 5 selling transactions for $22.66 million activity. On Monday, April 3 the insider Lee Robert Darren sold $223,080. (more...)
Investors Scoop Up Gold, Treasurys but Snub Dollar Investors Scoop Up Gold, Treasurys but Snub Dollar
- August 30, 2017

Gold had already posted sharp gains on Monday as the United States dollar further weakened amid Hurricane Harvey's destruction in Texas. It dropped 19.4 percent. The US goods trade deficit increased in July as exports fell, suggesting that trade would make a modest contribution to economic growth in the third quarter. (more...)
Shares Running on Volume: Nuveen Massachusetts Quality Municipal Income Fund (NMT)
- August 30, 2017

If the RSI is closer to 100, this may indicate a period of stronger momentum. The RSI is computed based on the speed and direction of a stock's price movement. Welles Wilder, the ATR may assist traders in determining if there is heightened interest in a trend, or if extreme levels may be signaling a reversal. (more...)
Hyundai resumes production in China after supply disruption Hyundai resumes production in China after supply disruption
- August 30, 2017

Production at assembly lines gradually stopped starting last week because of the lack of the components, a spokesman said. The parts manufacturer is a French-Chinese joint venture that makes plastic fuel tanks and says Hyundai owes it four months' worth of payments or around 111 million yuan. (more...)
Trump on Harvey: 'Never been something so expensive in our country's history' Trump on Harvey: 'Never been something so expensive in our country's history'
- August 30, 2017

The president added, "Nobody's ever seen this much water". Images of flood devastation in Houston revived painful memories for survivors of Hurricane Katrina, which made landfall in the Gulf Coast on August 29, 2005. US Coast Guard air units and boats have rescued more than 4000 people. This latest rainfall figure still needs to be verified by other sources, but it's likely to hold-and even increase-given that Harvey is in the midst of making its third landfall, where it's ... (more...)
The legal avenues and ramifications of Trump's expected decision on DACA The legal avenues and ramifications of Trump's expected decision on DACA
- August 30, 2017

Many DACA beneficiaries have grown up, studied, and graduated here. This demonstration will follow a call-in day to President Trump and several elected officials across the country. Town officials said Hemminger's participation was to "show support for the DACA program". Critics say the program wrongfully rewards people who are in the country illegally, granting them "amnesty" and opportunities in a country where they don't belong. (more...)
Cathay General Bancorp (CATY) Cathay General Bancorp (CATY)
- August 30, 2017

About 31,467 shares traded. It is down 27.56% since August 28, 2016 and is uptrending. It has outperformed by 2.77% the S&P500. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. (more...)
Best Buy Sorry For Texas Store Selling $43 Bottled Water During Harvey Best Buy Sorry For Texas Store Selling $43 Bottled Water During Harvey
- August 30, 2017

The photo quickly went viral, and Best Buy apologized . Best Buy explained that they don't normally sell water but had made an exemption due to Hurricane Harvey . 'Texas AG tells me they received 550 complaints & 225 emails about price gouging, with more coming in consistently, ' Klippenstein later wrote to the social media platform. (more...)
Telstra's bond plan rejected by NBN Co Telstra's bond plan rejected by NBN Co
- August 30, 2017

The giant telco announced at its full-year results on August 17 that it wanted to create an investable product based on the future income stream it gets from NBN compensation and access payments. As such I'm not a buyer of Telstra shares, despite today's steep price falls. In effect it estimates that dividends in FY 2018 will total just 22 cents per share including NBN payments. (more...)
2009-2016 Volkswagen CC, 2006-2010 Passat, Passat Wagon: Recall Alert 2009-2016 Volkswagen CC, 2006-2010 Passat, Passat Wagon: Recall Alert
- August 30, 2017

The faulty fuel pump was manufactured in Germany by Kendrion Kuhnke Automotive. Volkswagen has warned that the fuel pump control computer can lose electrical power, which could prevent gas from flowing and thus cause engines to stall. Vehicle owners will be notified about the defect in October and receive a second letter when replacement parts are available. The company will send out a second notices when replacement parts become available. (more...)
Costco Wholesale Corporation (COST) Receives Consensus Rating of Costco Wholesale Corporation (COST) Receives Consensus Rating of "Buy" from Brokerages
- August 30, 2017

The firm owned 90,271 shares of the retailer's stock after selling 578 shares during the period. Meisenbach sold 1,000 shares at an average price of $159.25 on August 1st. Of those analysts, 11 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 67% are positive. Gofen & Glossberg LLC IL's holdings in Costco Wholesale Corporation were worth $15,138,000 at the end of the most recent quarter. (more...)
Chicago Bridge & Iron Company NV (CBI) Upgraded at BidaskClub Chicago Bridge & Iron Company NV (CBI) Upgraded at BidaskClub
- August 30, 2017

The correct version of this story can be read at https://www.truebluetribune.com/2017/08/28/chicago-bridge-iron-company-n-v-cbi-upgraded-at-bidaskclub.html. The stock decreased 5.34% or $0.62 on August 25, reaching $10.99. Chicago Bridge & Iron Company N.V. (CBI) stock is most attractive stock of Wall Street. (more...)
Major stock indices rebound after morning slump amid North Korea-US tensions Major stock indices rebound after morning slump amid North Korea-US tensions
- August 30, 2017

Investors looked for safe investments after North Korea fired a ballistic missile over Japan and into the Pacific Ocean. U.S. President Donald Trump said "all options are on the table" in a written statement Tuesday in response to North Korea. (more...)

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