Business


German Industrial Production Sees Surprise Slump In June German Industrial Production Sees Surprise Slump In June
- August 07, 2017

Economists forecast industrial output to grow 7 percent annually in June. The production of consumer goods showed a decrease of 0.7 percent. Year-on year, German output was 2.5% higher in June. Construction fell 1 percent. Data published on Friday had shown strong domestic demand pushed up industrial orders twice as much as expected in June. (more...)
Tesla lowers price of Model X, says margins improved Tesla lowers price of Model X, says margins improved
- August 07, 2017

That's still not super cheap, but it's better than the price before it. Tesla Inc. lowered the base price of its Model X SUV to US$79,500 and said improving margins were behind the move, which came as the automaker is ramping up production of its new lower-priced Model 3 , Reuters reports. (more...)
Philippines seeks ASEAN consensus on North Korea response Philippines seeks ASEAN consensus on North Korea response
- August 07, 2017

US Secretary of State Rex Tillerson sought to build pressure on North Korea after securing a new round of United Nations sanctions as he launched into two days of high-level diplomacy today. Beijing looks forward to the operationalization of the joint statement on the observance of the Code for Unplanned Encounters at Sea in the South China Sea. (more...)
XPO Logistics, Inc. (NYSE:XPO) Lifted to Buy at Zacks Investment Research XPO Logistics, Inc. (NYSE:XPO) Lifted to Buy at Zacks Investment Research
- August 07, 2017

XPO's suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and worldwide freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. (more...)
California Resources Corporation (NYSE:CRC) Bonds Rise 1.5% During Trading
- August 07, 2017

Institutional investors have recently bought and sold shares of the company. Karp Capital Management Corp bought a new stake in California Resources Corporation during the first quarter valued at $182,000. If you are viewing this piece of content on another site, it was stolen and reposted in violation of United States and global copyright law. The original version of this piece can be accessed at ... (more...)
The Credit Acceptance Corporation (CACC) Downgraded by BidaskClub
- August 07, 2017

Therefore 0 are positive. Credit Acceptance Corporation has a 1-year low of $160.63 and a 1-year high of $279.00. The stock now has an average rating of Hold and an average price target of $205.63. Credit Acceptance Corporation had a net margin of 35.03% and a return on equity of 32.36%. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 15.90 and a beta of 0.51. (more...)
Watching the Tape Move for MBL Infrastructures Limited
- August 07, 2017

Active traders may be zooming in on certain technical indicators for stock assessment. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal while one greater than 25 would indicate a strong trend. (more...)
A Return to Positive Inflation for UK Rents
- August 07, 2017

This time around, it's regions throughout the country leading the strengthening in rents. But the market in Greater London has yet to recover to July 2016 levels, lagging behind the rest of the country and down 0.6% on rental prices in the region a year ago. (more...)
Sydney fintech ZipMoney just raised $40 million from Westpac Sydney fintech ZipMoney just raised $40 million from Westpac
- August 07, 2017

The agreement allows both parties to explore the integration of the fintech's products and services across Westpac's network throughout Australia, as well as other initiatives including the provision of in-development business-to-business products and services, the companies said in a statement on Monday. (more...)
Has $18.28 Million Position in Tesla Inc. (TSLA) Has $18.28 Million Position in Tesla Inc. (TSLA)
- August 07, 2017

Guggenheim raised their target price on shares of Tesla from $320.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, May 5th. Straubel Jeffrey B had sold 109,100 shares worth $33.58M. The stock was sold at an average price of $321.36, for a total transaction of $703,778.40. The disclosure for this sale can be found here. (more...)
China steps up pressure on North Korea over missile tests China steps up pressure on North Korea over missile tests
- August 07, 2017

In what two diplomats involved said was another victory for Beijing on Sunday, ASEAN members declined to say in their joint statement that the hoped-for code of conduct with China be "legally binding". The newly elected South Korean government of President Moon Jae-In is also more open to negotiations than the previous administration of conservative Park Geun-Hye. (more...)
The Southwestern Energy Company (SWN) Lowered to "Strong Sell" at BidaskClub
- August 07, 2017

The stock's market cap is $2.61 billion. 21,389,195 shares of the stock were exchanged. About 475,911 shares traded. For the current quarter Southwestern Energy Company (NYSE:SWN) has high EPS estimates of $0.32 in contradiction of low EPS estimates of $0.08. (more...)
Brokers Add To Their Ratings On Kemet Corporation (NYSE:KEM)
- August 07, 2017

Kemet Corporation's revenue was up 48.2% compared to the same quarter past year. Eam Invsts Limited holds 0.32% in KEMET Corporation (NYSE:KEM) or 365,793 shares. Riley. A number of research firms have recently weighed in on KEM. Dimensional Fund Advisors LP boosted its position in shares of Kemet Corporation by 16.6% in the first quarter. (more...)
Clearbridge Investments LLC Raises Stake in BlackRock, Inc. (NYSE:BLK)
- August 07, 2017

The firm owned 26,516 shares of the asset manager's stock after buying an additional 230 shares during the period. Cpcm LLC's holdings in BlackRock were worth $559,000 as of its most recent filing with the SEC. Barclays Capital maintained the shares of BLK in report on Wednesday, August 24 with "Equal-Weight" rating. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright legislation. (more...)
Enterprise Financial Services Corporation (EFSC) Earns Coverage Optimism Rating of 0.16
- August 07, 2017

Additionally Enterprise Financial Services C declared a dividend paid on Friday the 30th of June 2017. Enterprise Financial Services Corporation had a ROE of 11.91% and a net profit margin of 24.54%. This represents a $0.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 14th. Enterprise Financial Services Corporation's payout ratio is presently 18.97%. (more...)
Alphabet Inc. (NASDAQ:GOOGL) Earns "Buy" Rating from Bank of America Corporation
- August 07, 2017

GOOG has been the subject of several other reports. Vetr upgraded shares of Alphabet from a "buy" rating to a "strong-buy" rating and set a $1,069.98 price target for the company in a report on Tuesday, June 27th. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. Apple announced that its board has initiated a stock buyback program on Tuesday, May 2nd that permits the company to repurchase $50.00 billion in shares. (more...)
Turnpike lanes reopening early in Boston amid bridge work Turnpike lanes reopening early in Boston amid bridge work
- August 07, 2017

It says the schedule for completing the remaining construction work is unchanged. Forget yesterday's news. Get what you need today in this early-morning email. Traffic was expected to be restricted to three lanes in both directions until August 28. The Green B Line in the area of the Commonwealth Avenue Bridge has been replaced with shuttle buses between Babcock Street and Blandford Street Stations until 5:00 a.m., August 14. (more...)
Agenus Inc. (NASDAQ:AGEN) Stock Rating Upgraded by BidaskClub
- August 07, 2017

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings . The high and low revenue estimates for the current quarter are $7.11 Million and $0, respectively. (AGEN) have recently changed their ratings on the stock. SG Americas Securities LLC now owns 37,171 shares of the biotechnology company's stock valued at $140,000 after buying an additional 23,689 shares during the last quarter. (more...)
The Franco-Nevada Corporation (FNV) Receives $78.01 Consensus Price Target from Brokerages
- August 07, 2017

The dividend payment was $0.220 per share for the quarter which comes to $0.88 on an annualized basis. On average, analysts expect that Franco-Nevada Corporation will report full-year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.82 to $1.09. (more...)
One restaurant's solution to wage gaps? An 18 percent 'man tax' One restaurant's solution to wage gaps? An 18 percent 'man tax'
- August 07, 2017

She also said none had so far refused to pay it and in a Facebook post overnight said the idea has been well supported overall. 'I think it's a brilliant idea because I don't think many people actually know the actual gap, ' said another. (more...)
Volkswagen executive pleads guilty in U.S. diesel emissions case Volkswagen executive pleads guilty in U.S. diesel emissions case
- August 07, 2017

He is charged with conspiracy and fraud. Schmidt is an ex-manager of a VW engineering office in Detroit. He will be sentenced December 6. He also could face deportation. USA authorities had been pressing Volkswagen over emissions test discrepancies and the cheating had been going for several years. In 2015, news emerged in the US of Volkswagen's use of software that turned off emissions controls. (more...)
VW Executive Scheduled To Plead Guilty In Emissions Scandal
- August 07, 2017

District Court in Detroit. Tap into millions of public records, notices and articles on The Daily News with our ever-growing line of services. Oliver Schmidt officially entered a guilty plea this afternoon in U.S. USA authorities had been pressing Volkswagen over emissions test discrepancies and the cheating had been going for several years. In 2015, news emerged in the USA of Volkswagen's use of software that turned off emissions controls. (more...)
HSBC Holdings PLC (NYSE:HSBC) Stake Lowered by Telemus Capital LLC
- August 07, 2017

Finally, Berenberg Bank cut HSBC Holdings PLC from a "buy" rating to a "hold" rating in a report on Wednesday, July 5th. Fisher Asset Management LLC increased its stake in shares of HSBC Holdings PLC by 4.0% in the second quarter. "The announcement of $2 billion share repurchase plan reflects its strong capital position and boosts investors' confidence in the stock". The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of ... (more...)
Oppenheimer Holdings Analysts Lower Earnings Estimates for Monro Muffler Brake, Inc. (MNRO)
- August 07, 2017

Next Financial Gp reported 22 shares or 0% of all its holdings. It is down 76.26% since August 4, 2016 and is uptrending. It has outperformed by 59.56% the S&P500. 34 funds opened positions while 65 raised stakes. Headlines about Monro Muffler Brake (NASDAQ: MNRO ) have been trending somewhat positive this week, according to Accern. (more...)
Lloyds Banking Group PLC
- August 07, 2017

Lloyds Banking Group PLC's dividend payout ratio is presently 92.86%. LLOY has been the topic of a number of other reports. In other BT Group plc news, insider Sir Michael Rake bought 593 shares of the firm's stock in a transaction on Monday, May 15th. (more...)
What a way to run a railway What a way to run a railway
- August 07, 2017

Sue Terpilowski, the FSB London policy chairwoman, said: "Whilst our members will be doing everything they can to work flexibly around the disruption to rail services at Waterloo and other mainline stations across London this month, there will be lasting implications for small businesses already on tight margins". (more...)
Packaging Corporation of America (NYSE:PKG) Releases Q3 Earnings Guidance
- August 07, 2017

Boston Partners boosted its position in Bank of America Corporation by 0.5% in the first quarter. North American Management Corp's holdings in Bank of America Corp were worth $347,000 at the end of the most recent reporting period. The ex-dividend date of this dividend is Wednesday, August 30th. Packaging Corporation of America's payout ratio is now 48.56%. This buyback authorization permits the financial services provider to repurchase up to 4.8% of its stock through open market purchases. (more...)
Celestica, Inc. (CLS) PT Set at $15.00 by Scotiabank
- August 07, 2017

Want to see what other hedge funds are holding CLS? On January 29 the company was changed to a "Sector Outperform" in a report from Scotia Howard Weil which was a boost from the previous "Sector Perform" rating. During the same quarter previous year, the business posted $0.29 earnings per share. Celestica posted sales of $1.49 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. (more...)
Youths chase abductors in auto, set woman free
- August 07, 2017

On the other hand, the two youths claimed that when the accused were forcibly taking the woman away, a Police Control Room (PCR) van was standing nearby. They also vandalized the auto of the accused and set it on fire. The accused have been arrested though their names could not be immediately known. (more...)
Liberty Property Trust (LPT) Stake Held by Beach Investment Counsel Inc. PA
- August 07, 2017

Several institutional investors have recently modified their holdings of the stock. Mn Services Vermogensbeheer B.V. now owns 3,920 shares of the real estate investment trust's stock valued at $141,000 after buying an additional 206 shares in the last quarter. (more...)