Business


Metro, Jean Coutu formalize $4.5B deal to combine grocery, pharmacy chains Metro, Jean Coutu formalize $4.5B deal to combine grocery, pharmacy chains
- October 02, 2017

Metro has more than 65,000 employees in Quebec and Ontario. Metro rival Loblaw in 2013 acquired Shoppers Drug Mart in an $11.9 acquisition in a deal Loblaw officials said helped it to capitalize on the health and wellness trend while adding scale and diversification to better withstand competition intrusions. (more...)
At least 11 dead in Damascus bomb attack: monitor At least 11 dead in Damascus bomb attack: monitor
- October 02, 2017

State media said earlier that a "terrorist explosion" had struck the area but there was no immediate claim of responsibility for the attack, the Independent reported. The extremist group Islamic State has also entered the fighting and is opposed by all other sides. Syria is embroiled in a six-year civil war that has killed more than 330,000 people and forced an estimated 5 million more to flee across borders to become refugees. (more...)
Oil Prices Bounce Back in Third Quarter Oil Prices Bounce Back in Third Quarter
- October 02, 2017

Advances in USA shale oil production technologies are contributing the to supply surplus and weighing on any oil price gains. For its part, USO , one of the most heavily traded oil exchange traded funds, finished September with a gain of just over 10%, pushing its third-quarter gain to over 13%. (more...)
4 lanes on damaged ramp leading to Holland Tunnel reopened
- October 02, 2017

The closures have caused backups in the tunnel and in Manhattan. This is happening on the New Jersey side but depending how bad the traffic gets it could snarl up the Manhattan entrances to the tunnel too. State officials say motorists should expect delays and congestion coming out of the tunnel, particularly during the afternoon commute, even though the lanes were reopened by Monday morning. (more...)
SEC charges two initial coin offerings with fraud SEC charges two initial coin offerings with fraud
- October 02, 2017

He was behind the REcoin ICO, an Ethereum-based crowdsale that was scheduled to continue through early October and which he dubbed the "first every cryptocurrency backed by real estate". It seems to be first such complaints following the investor alert on ICOs issued by the SEC's Office of Investor Education and Advocacy. "As alleged in our complaint, Zaslavskiy lured investors with false promises of sizable returns from novel technology". (more...)
Tesla's world record battery in SA is halfway complete
- October 02, 2017

The official countdown to the end of the 100-day deadline commenced on 30 September, after the project was given approval by Australian energy regulators. "The batteries are on track to be operational by December 1", South Australia Energy Minister Tom Koutsantonis told Reuters. "The battery has a very useful role to play in the South Australian electricity system at the moment", said Sydney-based energy analyst David Leitch at ITK Services Australia, adding it was valuable insurance against ... (more...)
Automatic Data Processing (ADP) Raised to Buy at BidaskClub
- October 02, 2017

About 9.96M shares traded or 35.33% up from the average. eBay Inc (NASDAQ:EBAY) has risen 44.45% since October 1, 2016 and is uptrending. TJX Companies Inc (NYSE:TJX) has declined 2.02% since September 30, 2016 and is downtrending. Clean Yield Group Inc owns 55,500 shares. 10,000 were accumulated by Ally Fin. 2,803 are owned by Loudon Invest Mngmt Lc. The New York-based Nikko Asset Mngmt Americas Inc has invested 0.02% in Automatic Data Processing (NASDAQ:ADP). (more...)
Fox Run Management LLC Buys New Stake in Gilead Sciences, Inc. (GILD)
- October 02, 2017

The stock increased 0.14% or $0.11 during the last trading session, reaching $81.02. About 14.46M shares traded or 150.17% up from the average. Gilead Sciences, Inc. Oppenheimer has "Outperform" rating and $120 target. The firm has "Hold" rating given on Friday, July 29 by Argus Research. Among 16 analysts covering Sunoco Inc. (more...)
Intel Corporation (NASDAQ:INTC) Sees Significant Growth in Short Interest
- October 02, 2017

The stock increased 0.17% or $0.09 on September 29, reaching $51.84. About 223,178 shares traded or 0.66% up from the average. MB Financial Inc (NASDAQ:MBFI) has risen 21.72% since October 1, 2016 and is uptrending. Citigroup maintained Intel Corporation (NASDAQ:INTC) on Monday, August 24 with "Neutral" rating. MPC's profit will be $612.55 million for 11.59 P/E if the $1.21 EPS becomes a reality. (more...)
Tesla is sending Powerwall home batteries to Puerto Rico Tesla is sending Powerwall home batteries to Puerto Rico
- October 02, 2017

The renewable energy company has been sending hundreds of its Powerwall home batteries to Puerto Rico in the aftermath of the storm, Fortune reports . As the New York Times reported, restoring power to Puerto Rico will be both difficult and expensive: "Transformers, poles, and power lines snake from coastal areas across hard-to-access mountains". (more...)
TD Ameritrade Holding Corporation (NASDAQ:AMTD) Raised to "Hold" at BidaskClub
- October 02, 2017

Td Ameritrade Hldg Corp now has $25.77B valuation. Shares of TD Ameritrade Holding Corporation ( AMTD ) traded down 0.16% during mid-day trading on Friday, reaching $48.80. They now have a Dollars 6 price target on the stock. Therefore 33% are positive. Innophos Holdings had 6 analyst reports since August 24, 2015 according to SRatingsIntel. (more...)
Callaway Golf Company (ELY) Reached a 52-Week High
- October 02, 2017

About 695,525 shares traded. In recent action, Callaway Golf Company ( ELY ) has made a move of +3.05% over the past month, which has come on weak relative transaction volume. Carroll Fincl Inc reported 195 shares stake. Paloma Ptnrs Mgmt stated it has 15,739 shares or 0% of all its holdings. Therefore 75% are positive. Callaway Golf's quarterly revenue was up 24.0% on a year-over-year basis. (more...)
Old Mutual plc (LSE:OML) VC Scorecard & Quant Review
- October 02, 2017

Often times, investors may have initial success in the stock market, and then things may turn sour. In addition to ROA, there are a number of additional ratios and Quant signals available to investors in order to decipher if the shares are a good fit for their portfolio. (more...)
Ally Financial Inc (ALLY) Analysts See $0.57 EPS
- October 02, 2017

Investec Asset Management LTD owned about 1.14% of Ally Financial worth $113,863,000 at the end of the most recent quarter. Several other research analysts have also recently issued reports on ALLY. Growth rates are very important while analyzing the long term growth and valuation of a certain company. This repurchase authorization allows the financial services provider to repurchase up to 7.5% of its shares through open market purchases. (more...)
Japan Manufacturing PMI Picks Up Steam - Nikkei Japan Manufacturing PMI Picks Up Steam - Nikkei
- October 02, 2017

The index considers any score above 50 to indicate an improvement. According to a report by IHS Markit , which compiles the survey, new orders continued to decline amid reports of weak demand from domestic and global sources, and that output growth slowed to a fractional pace. (more...)
In Japan, there will be a new cryptocurrency exchange In Japan, there will be a new cryptocurrency exchange
- October 02, 2017

Approx $480 mln went missing from the biggest bitcoin exchange in the world that was based in Tokyo while the founder Mark Karpeles made a decision to terminate services in 2014. Thus, Japan's policy in this area differs markedly from the policies of its neighbors such as China and South Korea , where the campaign for the initial placement of the tokens fell under the ban. (more...)
Google scraps free content rule for publishers Google scraps free content rule for publishers
- October 02, 2017

In a bid to help news publishers woo more readers online, Google is ending its controversial "First Click Free" policy , which required publishers to provide a minimum of three free articles per day via Google Search and Google News before people were shown a paywall. (more...)
McKesson Corporation (MCK) EPS Estimated At $2.78
- October 02, 2017

Roundview Capital LLC purchased a new stake in shares of McKesson Corporation (NYSE: MCK ) in the second quarter, according to its most recent disclosure with the SEC. The stock has "Buy" rating by Keefe Bruyette & Woods on Tuesday, September 12. Morgan Stanley lowered shares of McKesson Corporation from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $184.00 to $172.00 in a report on Thursday, September 14th. (more...)
Archer-Daniels-Midland Company (NYSE:ADM) Stake Lowered by Ameriprise Financial Inc
- October 02, 2017

However, it is a general misunderstanding that a higher share price points towards a larger company where stock price might also misrepresent the definite worth of the organization. During the same period previous year, the firm posted $0.41 earnings per share. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.05. (more...)
Shares in Rexnord Corporation (RXN) Acquired by ETRADE Capital Management LLC
- October 02, 2017

Rexnord Corp (NYSE: RXN ) has risen 17.47% since September 30, 2016 and is uptrending. It has outperformed by 9.63% the S&P500. Huntington Fincl Bank reported 0.01% in Fastenal Company (NASDAQ:FAST). Sei Investments Company increased Packaging Corp Amer (NYSE:PKG) stake by 13,715 shares to 80,253 valued at $8.94 million in 2017Q2. Etrade Cap Mgmt Llc owns 20,235 shares. (more...)
Unbiased Equity Research: Halozyme Therapeutics, Inc. (HALO), Catabasis Pharmaceuticals, Inc. (CATB)
- October 02, 2017

BidaskClub raised shares of Halozyme Therapeutics from a sell rating to a hold rating in a research note on Saturday, August 26th. The stock's Average True Range (ATR) is 0.66. Piper Jaffray maintained Halozyme Therapeutics, Inc. (NASDAQ:HALO) on Wednesday, March 9 with "Market Outperform" rating. Barclays PLC reissued an "overweight" rating and issued a $16.00 price objective on shares of Halozyme Therapeutics in a report on Friday, June 23rd. (more...)
Advisers: Tax proposal won't favor rich Advisers: Tax proposal won't favor rich
- October 02, 2017

And while there's a lot to love in the "Unified Framework for Fixing Our Broken Tax Code" embraced by both President Trump and the Congressional Republican leadership, there is also a very big caveat. The plan does list a few changes to generate additional revenue. And under this plan, you'd generally have to have a family income over $200,000 for that to be the case. (more...)
PM Pays Tribute To Mahatma Gandhi, Will Address Nation: 10 Facts PM Pays Tribute To Mahatma Gandhi, Will Address Nation: 10 Facts
- October 02, 2017

Singh also paid tributes at Lal Bahadur Shastri's memorial at Vijay Ghat on October 2. Let's take some glance at the places where you can visit on this Gandhi Jayanti with your family and loved ones. Read 10 lessons from Bapu on his birth anniversary here. But it appears Health Minister in Jammu and Kashmir is not keen on even following the foot prints of his own leader and the Prime Minister to highlight his image in the eyes of the electorate. (more...)
Automobile sales growth robust in September Automobile sales growth robust in September
- October 02, 2017

R S Kalsi, its senior executive director (marketing and sales), said on Friday their growth was 18 per cent in retail festive demand. Honda Cars India Ltd. "With the festive purchase on full-swing, our sales outlook for the season is very promising", said Yoichiro Ueno, President and CEO, Honda Cars India. (more...)
AIFF to make arrangements for accommodating parents of Indian players AIFF to make arrangements for accommodating parents of Indian players
- October 02, 2017

That is what they can do. The tournament will see 24 teams vying for the World Cup. The U-17 World Cup is the first Federation Internationale de Football Association tournament to be held in India . First is Faith and we should have faith in the team. "A team can play attractive football but lose a game or a team can play not so attractive but still win". (more...)
FL Sells 1463 Shares of United Technologies Corporation (UTX)
- October 02, 2017

The stock increased 0.22% or $0.13 on September 29, reaching $60.35. About 339,530 shares traded or 9.83% up from the average. Preferred Bank (NASDAQ:PFBC) has risen 58.29% since October 1, 2016 and is uptrending. Finally, Credit Suisse Group reaffirmed a "buy" rating and issued a $136.00 price objective on shares of United Technologies Corporation in a research note on Wednesday, July 26th. (more...)
Following the Numbers: Technical Watch on Shares of Omega Healthcare Investors (OHI)
- October 02, 2017

Float is the proportion of issued also outstanding shares that can be liberally traded, nothing like locked-up insider holdings or restricted employee shares. Qs Ltd reported 17,298 shares stake. Globeflex LP has invested 0.26% in Omega Healthcare Investors Inc (NYSE:OHI). After $0.87 actual EPS reported by Omega Healthcare Investors Inc for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth. (more...)
McDonald's Bringing Back Szechaun Sauce Thanks to Rick & Morty McDonald's Bringing Back Szechaun Sauce Thanks to Rick & Morty
- October 02, 2017

The internet became aflame with demands for McDonald's to bring back the limited-time sauce. After all, it's because of Rick and Morty's season 3 premiere (the April Fool's episode), as well as the thousands of requests the show's fans made to McDonald's following the episode's debut, that the global fast-food restaurant has chose to bring back the sauce for a limited time. (more...)
Rise in aviation turbine fuel price likely affect airfares? Rise in aviation turbine fuel price likely affect airfares?
- October 02, 2017

The hike is nearly of Rs 3,025. Thanks to low crude prices till recently, airlines were able to offer low fares to passengers which had led to over 20% growth in domestic air traffic for several months in a row till this summer. The non-subsidised LPG cylinders are used by over 2.66 crore people each month. The rates of non-subsidies cylinders, however, have also been hiked. (more...)
(CCK) Shares now down at $60.19 Crown Holdings Schedules Third Quarter…
- October 02, 2017

The current volume for the company's stock is 508251 and the average volume of trading is 665.47. Looking at the other side of the coin, CCK traded as low as $51.57 in the past 52 weeks, and since then the shares have risen 16.72% or $8.62. (more...)