Business


Wells Fargo Reports More Problem Accounts
- September 01, 2017

The bank originally stated that 2.1 million suspect accounts had been opened from 2011 to mid-2015. The bank said Thursday that a review has found a total of 3.5 million potentially fraudulent bank accounts, according to a New York Times report . (more...)
Major Banks to Launch Blockchain Currency Major Banks to Launch Blockchain Currency
- September 01, 2017

Initially developed by Clearmatics in conjunction with UBS, the USC is meant to be directly convertible into central bank cash. Multiple global banks are joining a development network to help establish a new digital currency for faster transaction settlements. (more...)
European Union rolls out stricter vehicle emissions test European Union rolls out stricter vehicle emissions test
- September 01, 2017

The new tests, which fuel consumption and carbon dioxide (CO2), nitrogen oxides (NOX), particulates by mass and number (PM/PN) and carbon monoxide (CO), are part of European regulations created to improve air quality and tackle climate change. (more...)
Rail passengers affected by three United Kingdom strikes Rail passengers affected by three United Kingdom strikes
- September 01, 2017

Mick Cash, general secretary of the RMT, said. Here we explain why the union RMT has staged industrial action and which services will be affected. Members of the Rail, Maritime and Transport union (RMT) at Southern, Merseyrail and Arriva Rail North are due to walk out today and Monday, while Merseyrail workers will also go on strike on Sunday. (more...)
MacEwan University defrauded of $11.8M in online phishing scam MacEwan University defrauded of $11.8M in online phishing scam
- September 01, 2017

Those funds have now been frozen, the university said, adding it is working with legal counsel in Montreal, London and Hong Kong to pursue civil action to recover the money. MacEwan is also working with multiple law enforcement agencies and bank corporate security units to address the criminal aspect of the case. Once the scam was discovered, MacEwan says they immediately conducted an interim audit of business practices and put in controls to prevent future similar incidents. (more...)
Checking in on Shares of Vanguard World Fund (MGK)
- September 01, 2017

Financial professionals may be debating if global economic growth appears to be in a modest uptrend. The volatility in the market that accompanies these fears may trick investors into thinking the next bear market is on the doorstep. It can also be quite easy to confuse skill with a long-term bull market. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. (more...)
NWS: Clear, cooler Labor Day weekend NWS: Clear, cooler Labor Day weekend
- September 01, 2017

Partly sunny, with a high near 86. Winds will be from the south in the morning at 12 miles per hour. Thursday night - Partly cloudy, with a low around 52. Low near 72. High near 90. The evening will be mostly clear, with a low around 55. The evening hours will see mostly clear skies, with a low around 61. (more...)
Port of Corpus Christi closed by Paragon drillship grounded in Hurricane Harvey Port of Corpus Christi closed by Paragon drillship grounded in Hurricane Harvey
- September 01, 2017

Coast Guard officials issued a statement Friday evening saying that the 160-foot commercial diving vessel Gulf Justice was taking on water in the early hours of Friday around 3:40 a.m. The storm made landfall late Friday (Aug. 25) night as a Category 4 storm, with sustained winds of 130 miles per hour that whipped coastal communities overnight. (more...)
Palo Alto Networks Inc (PANW) Earnings Beat, Outlook In-Line, CFO To Retire Palo Alto Networks Inc (PANW) Earnings Beat, Outlook In-Line, CFO To Retire
- September 01, 2017

BTIG Research reaffirmed a buy rating and set a $155.00 price target on shares of Palo Alto Networks in a research note on Thursday. The stock of Palo Alto Networks Inc (NYSE: PANW ) has "Hold" rating given on Friday, May 27 by Deutsche Bank. (more...)
Research Report on: Marsh & McLennan Companies, Inc. (MMC)
- September 01, 2017

It has underperformed by 0.45% the S&P500. The forecast of 11 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Zaffino Peter sold $2.15 million worth of stock. (NYSE:MMC). Nippon Life Insurance holds 7.09% or 5.27 million shares in its portfolio. Therefore 58% are positive. (more...)
Brown-Forman: Spirits Are Still Rising Brown-Forman: Spirits Are Still Rising
- September 01, 2017

Analysts await Brown Forman Corporation (NASDAQ:BF.B) to report earnings on Aug, 30 for the fiscal quarter ending Jul 2017. Brown-Forman notes that the global economy remains volatile, particularly in the emerging markets, however, it is anticipating a growth in underlying net sales for the full fiscal year 2018. (more...)
Quarterly Financial Watch for TRI Pointe Group, Inc. (NYSE:TPH)
- September 01, 2017

Over the past year Company's shares have been trading in the range of $65.28 and $81.99. TRI Pointe Group , Inc. It has outperformed by 2.48% the S&P500. The company was maintained on Tuesday, February 21 by Wedbush. BidaskClub upgraded shares of TRI Pointe Group from a "sell" rating to a "hold" rating in a research report on Wednesday, June 21st. (more...)
Storm could drive up gas prices in Mass.
- September 01, 2017

USA drivers are starting to feel the effects of Tropical Storm Harvey in their wallets as the country's fuel distribution network starting at the Gulf Coast and stretching across the country is squeezed by floods, refinery closures and dwindling supplies. (more...)
Ferrellgas Partners, LP (NYSE:FGP) Sees Significantly Higher Trading Volume
- September 01, 2017

The rating was maintained by Stifel Nicolaus on Thursday, July 27 with "Hold". UBS Group AG raised its position in Ferrellgas Partners, L.P.by 50.7% in the first quarter. It turned negative, as 28 investors sold Ferrellgas Partners, L.P. shares while 24 reduced holdings. Jpmorgan Chase has 10 shares. Peak6 Invests L P has 28,142 shares for 0% of their portfolio. (more...)
OMERS ADMINISTRATION Corp Acquires New Stake in Jones Lang LaSalle Incorporated (JLL)
- September 01, 2017

It closed at $114.59 lastly. Boston Beer Company Inc (NYSE:SAM) has declined 3.11% since August 26, 2016 and is downtrending. It has outperformed by 1.55% the S&P500. As per Monday, January 9, the company rating was downgraded by William Blair. The firm has "Market Perform" rating by Wells Fargo given on Thursday, September 17. (more...)
Schaff Trend Cycle in Focus For South32 Ltd (SOUHY)
- September 01, 2017

The RSI operates in a range-bound area with values between 0 and 100. Currently, the 7-day moving average is sitting at 1.34. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. (more...)
(UHS) Shares Trading up at $108.13 Universal Health Services, Inc. To…
- September 01, 2017

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. Universal Hlth Svcs Inc now has $10.46 billion valuation. 64 funds opened positions while 116 raised stakes. Moreover, State Of New Jersey Common Pension Fund D has 0.03% invested in Universal Health Services , Inc. (more...)
Demonetisation's 7 benefits apart from failure to eradicate black money Demonetisation's 7 benefits apart from failure to eradicate black money
- September 01, 2017

As the Opposition trained its guns on the government and questioned the benefits of the massive drive a year ago, Finance Minister Arun Jaitley said demonetisation was never an exercise to confiscate money. Collection of Advance Tax under Personal Income Tax between April - August 05, 2017 showed a growth of about 41.79% over the corresponding period in FY17. (more...)
First Solar, Inc. (NASDAQ:FSLR) Traded Over Its 50 Day Average First Solar, Inc. (NASDAQ:FSLR) Traded Over Its 50 Day Average
- September 01, 2017

Their average price target spell out an upbeat performance - a 8% and would give FSLR a market capitalization of almost $5.38B. The count of Hold ratings in that period was 5. It has outperformed by 49.90% the S&P500. Since March 9, 2017, it had 1 buy, and 4 insider sales for $51,333 activity. Schumaker Bryan Robert had sold 2,747 shares worth $96,145. (more...)
USA releases 500000 barrels of oil from strategic reserve USA releases 500000 barrels of oil from strategic reserve
- September 01, 2017

Harvey also shuttered about 23 percent of US refining capacity, with multiple refineries in the Houston, Port Arthur and Beaumont, Texas, areas closed, including the nation's largest operated by Motiva Enterprises LLC. The so-called shale revolution has led to a surge in oil production in the USA, increasing the nation's exports of crude oil and gasoline to Mexico and other places in Latin America, and diesel to Europe. (more...)
Progenics Pharmaceuticals Inc. (NASDAQ:PGNX) Sees Significantly Higher Trading Volume
- September 01, 2017

The company is trading up since yesterday's close of $6.43. Heading into the stock price potential, Progenics Pharmaceuticals, Inc. needs to grow just 111.48% to cross its median price target of $14. Earnings, with 5 analysts believing the company would generate an Average Estimate of $-0.23. Revenue for the quarter also did not kill consensus, coming in at $2.77 Million, compared to the consensus of 3.67 Million. (more...)
Horizon Pharma Inc (NASDAQ:HZNP) Quarterly Sentiment Report
- September 01, 2017

Therefore 77% are positive. Citigroup Inc. lowered their price target on Horizon Pharma PLC from $20.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, May 9th. HZNP has been the subject of several recent analyst reports. The firm has "Buy" rating given on Tuesday, September 22 by UBS. The rating was initiated by Oppenheimer with "Outperform" on Thursday, August 20. (more...)
Royal Caribbean Cruises Ltd. (RCL) Shares Sold by Scout Investments Inc Royal Caribbean Cruises Ltd. (RCL) Shares Sold by Scout Investments Inc
- September 01, 2017

NEXT Financial Group Inc now owns 1,000 shares of the company's stock valued at $107,000 after buying an additional 200 shares in the last quarter. Vanguard Group Inc. The firm has "Equal-Weight" rating by Morgan Stanley given on Thursday, May 26. The firm has "Sell" rating by Goldman Sachs given on Tuesday, August 15. (more...)
Teva Pharmaceutical Industries (NYSE:TEVA) Trading Volume Significantly Higher
- September 01, 2017

Investors and Traders continue to monitor technical levels of shares of Teva Pharmaceutical Industries Limited (TEVA ). Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, announces that a securities class action has been filed against Teva Pharmaceutical Industries Ltd. (more...)
Mnuchin says sweeping tax law can be passed this year Mnuchin says sweeping tax law can be passed this year
- September 01, 2017

Lankford said if the deficit is growing or remains unchanged, then Congress would re-evaluate the issue and put forward deficit reduction measures to ensure "we're headed in the right direction". Mnuchin told lawmakers in July they needed to raise the debt limit by Sept 29, otherwise the US government might not have enough money to pay all its bills. (more...)
Momentum Stock in Focus: Himax Technologies (HIMX)
- September 01, 2017

Schmidt noted, "We met with CEO Nick Leschly and discussed the company's pipeline progress with specific focus on H2:17 data updates for each of the company's late stage clinical programs: LentiGlobin in beta-thalassemia; LentiGlobin in sickle cell disorder (SCD); bb2121 in myeloma (partnered with Celgene), and; Lent-D for adrenoleukodystrophy (ALD). (more...)
Saab teams up with Adani group to build fighter jets in India Saab teams up with Adani group to build fighter jets in India
- September 01, 2017

The partnership will pose direct competition to USA defence giant Lockheed Martin and French aircraft manufacturer Dassault who have tied up with Tata and Reliance respectively. Gripen would be offered to the Indian Government as the best solution for India's single-engine fighter aircraft programme, A Saab release said. Saab President and Chief Executive Hakan Buskhe will host a media event in New Delhi on Friday, the report said. (more...)
United Parcel Service, Inc. (NYSE:UPS) Analysts Remain Upbeat Despite -5.05% Loss United Parcel Service, Inc. (NYSE:UPS) Analysts Remain Upbeat Despite -5.05% Loss
- September 01, 2017

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. About 3.07 million shares traded. Spark Therapeutics Inc (NASDAQ:ONCE) has risen 13.53% since August 31, 2016 and is uptrending. (NYSE:UPS). East Coast Asset Management Ltd invested in 1.16% or 33,726 shares. Tradition Capital Management Llc sold 3,775 shares as United Parcel Service Inc. (more...)
Dr Reddy's Laboratories wins patent case in U.S.; scrip zooms 9.48% Dr Reddy's Laboratories wins patent case in U.S.; scrip zooms 9.48%
- September 01, 2017

The United States District Court, Delaware, has delivered judgement in favour of Dr Reddy's Laboratories, ruling that the proposed generic version of Suboxone (buprenorphine and naloxone) sublingual film does not infringe U.S. Within minutes of the market opening this morning, Indivior's shares were trading more than 37 per cent lower, down 156¾p at 259¾p. "Our focus and dedication continue to drive our innovative pipeline, particularly RBP-6000, which we expect will be a potentially ... (more...)
Volkswagen and Toyota launch diesel scrappage schemes Volkswagen and Toyota launch diesel scrappage schemes
- September 01, 2017

VW launched a more generous scheme in Germany in August in the wake of its diesel emissions scandal. Still trying to improve their public image following the emissions scandal of 2015, the Volkswagen Group is introducing a scrappage scheme for anyone trading in an old diesel auto against one its new vehicles from any of its brands, including VW, Audi, Seat and Skoda. (more...)