Business
China officials recommend slowing or halting U.S. bond purchases
- January 10, 2018
Hitting the USA bond market overnight was a Bloomberg story about Beijing reviewing its policy of buying US government paper. "The futures are indicating a nasty opening as climbing yields awaken investors to a possible meltdown in the government bond market", Peter Cardillo, chief market economist at First Standard Financial in NY, wrote in a client note. (more...)
- January 10, 2018
Hitting the USA bond market overnight was a Bloomberg story about Beijing reviewing its policy of buying US government paper. "The futures are indicating a nasty opening as climbing yields awaken investors to a possible meltdown in the government bond market", Peter Cardillo, chief market economist at First Standard Financial in NY, wrote in a client note. (more...)
Berkshire Hathaway to Increase Number of Directors to 14 From 12
- January 10, 2018
Abel, 55, was named Berkshire's vice chairman for non-insurance business operations, and Jain, 66, was named vice chairman for insurance operations. The appointments are sure to raise speculation that Abel or Jain are top candidates to succeed Buffett. (more...)
- January 10, 2018
Abel, 55, was named Berkshire's vice chairman for non-insurance business operations, and Jain, 66, was named vice chairman for insurance operations. The appointments are sure to raise speculation that Abel or Jain are top candidates to succeed Buffett. (more...)
Apple forced to pay extra GBP 136 million tax in UK
- January 10, 2018
Apple has coughed up an extra £136m in tax to the United Kingdom government to cover back-payments in the years up to September 2015. Apple said it reflected the company's increased activity. "As a result of this adjustment the company's corporate income tax payments will increase going forward", the company added. Apple Europe employs almost 800 staff members according the Financial Times , taking a pre-tax profit of £297 million in the months up to April 2017. (more...)
- January 10, 2018
Apple has coughed up an extra £136m in tax to the United Kingdom government to cover back-payments in the years up to September 2015. Apple said it reflected the company's increased activity. "As a result of this adjustment the company's corporate income tax payments will increase going forward", the company added. Apple Europe employs almost 800 staff members according the Financial Times , taking a pre-tax profit of £297 million in the months up to April 2017. (more...)
UK Industrial Output Rises For Eighth Straight Month
- January 10, 2018
This came despite a 0.4% rise month-on-month in November alone, as the increase was offset by falls of 1.1% in October and 1.9% in September. Economic growth had slowed in the first nine months of 2017 with higher inflation caused by the fall in sterling after the Brexit referendum, although the United Kingdom economy did grow by 0.4% in the three months to September. (more...)
- January 10, 2018
This came despite a 0.4% rise month-on-month in November alone, as the increase was offset by falls of 1.1% in October and 1.9% in September. Economic growth had slowed in the first nine months of 2017 with higher inflation caused by the fall in sterling after the Brexit referendum, although the United Kingdom economy did grow by 0.4% in the three months to September. (more...)
Carphone Warehouse has been fined £400000 after a massive data breach
- January 10, 2018
The records for some Carphone Warehouse employees including names, phone numbers, postcodes and auto registrations were also accessed. "The Commissioner acknowledges the steps Carphone Warehouse took to fix some of the problems and to protect those affected", but this "serious contravention" of the Data Protection Act has left Carphone Warehouse staring at a £400,000 bill. (more...)
- January 10, 2018
The records for some Carphone Warehouse employees including names, phone numbers, postcodes and auto registrations were also accessed. "The Commissioner acknowledges the steps Carphone Warehouse took to fix some of the problems and to protect those affected", but this "serious contravention" of the Data Protection Act has left Carphone Warehouse staring at a £400,000 bill. (more...)
Tesco Ireland issue URGENT recall over popular treat
- January 10, 2018
Tesco Ireland have issued an urgent recall on one of their own brand lines following safety concerns. No receipt is required. The presence of walnuts in the cake made it a possible health risk to consumers with an allergy to the ingredient. (more...)
- January 10, 2018
Tesco Ireland have issued an urgent recall on one of their own brand lines following safety concerns. No receipt is required. The presence of walnuts in the cake made it a possible health risk to consumers with an allergy to the ingredient. (more...)
GTR franchise: Too few drivers at troubled train firm
- January 10, 2018
The Southern, Thameslink and Great Northern is one of the largest rail franchises in the United Kingdom, carrying nearly one million passengers a day. As well as a collapse in service, auditors have also uncovered additional costs to the public purse of potentially tens of millions of pounds a year. (more...)
- January 10, 2018
The Southern, Thameslink and Great Northern is one of the largest rail franchises in the United Kingdom, carrying nearly one million passengers a day. As well as a collapse in service, auditors have also uncovered additional costs to the public purse of potentially tens of millions of pounds a year. (more...)
Tesla says its Model 3 production nightmare is almost over
- January 10, 2018
During the company's third quarter, Tesla manufactured 260 Model 3s. That's up 27% over Q4 last year and 8% over Q3 this year. It also marks the 4th quarter of 2017 as the best ever for the company. It's always nice to see the doubters get their comeuppance. Still, Tesla managed to deliver 1,550 Model 3s in the last quarter of the year, after keeping analysts guessing for quite a while. (more...)
- January 10, 2018
During the company's third quarter, Tesla manufactured 260 Model 3s. That's up 27% over Q4 last year and 8% over Q3 this year. It also marks the 4th quarter of 2017 as the best ever for the company. It's always nice to see the doubters get their comeuppance. Still, Tesla managed to deliver 1,550 Model 3s in the last quarter of the year, after keeping analysts guessing for quite a while. (more...)
Government considers extension to bag charge in England
- January 10, 2018
Briefing senior ministers at Cabinet on Tuesday morning, Prime Minister Theresa May said she wanted her Government to take a stand against the "profligate" use of natural resources. Meanwhile, national media reports suggest that a plastic bottle deposit scheme will be introduced, enabling shoppers to receive 5p for every returned bottle. (more...)
- January 10, 2018
Briefing senior ministers at Cabinet on Tuesday morning, Prime Minister Theresa May said she wanted her Government to take a stand against the "profligate" use of natural resources. Meanwhile, national media reports suggest that a plastic bottle deposit scheme will be introduced, enabling shoppers to receive 5p for every returned bottle. (more...)
Bond yields hit multi-month highs on heavy supply and BOJ speculation
- January 10, 2018
Italy on Wednesday mandated banks to manage the sale of a new 20-year bond, while Portugal mandated banks for an upcoming 10-year bond sale. The Japanese government bond yield ticked up to 0.08%, the top of its range in the past several months. (more...)
- January 10, 2018
Italy on Wednesday mandated banks to manage the sale of a new 20-year bond, while Portugal mandated banks for an upcoming 10-year bond sale. The Japanese government bond yield ticked up to 0.08%, the top of its range in the past several months. (more...)
RMT Union rail strikes day two of three
- January 10, 2018
There will be no service from Virginia Water to Weybridge, although replacement buses will be available. Please allow extra time for journeys, plan carefully and consider whether travel is necessary. We will once again be utilising the goodwill of our team of contingency guards to keep you moving and expect to run over 70% of our normal Monday to Friday service. (more...)
- January 10, 2018
There will be no service from Virginia Water to Weybridge, although replacement buses will be available. Please allow extra time for journeys, plan carefully and consider whether travel is necessary. We will once again be utilising the goodwill of our team of contingency guards to keep you moving and expect to run over 70% of our normal Monday to Friday service. (more...)
International Paper Company (IP) EPS Estimated At $1.19
- January 10, 2018
About 605 shares traded. HMN Financial, Inc. (HMNF) has risen 39.52% since January 7, 2017 and is uptrending. It has outperformed by 22.82% the S&P500. It also increased its holding in Benchmark Electrs Inc (NYSE:BHE) by 31,970 shares in the quarter, for a total of 78,552 shares, and has risen its stake in Emcor Group Inc (NYSE:EME). (more...)
- January 10, 2018
About 605 shares traded. HMN Financial, Inc. (HMNF) has risen 39.52% since January 7, 2017 and is uptrending. It has outperformed by 22.82% the S&P500. It also increased its holding in Benchmark Electrs Inc (NYSE:BHE) by 31,970 shares in the quarter, for a total of 78,552 shares, and has risen its stake in Emcor Group Inc (NYSE:EME). (more...)
Salesforce.com (CRM) Lowered to Hold at Vetr
- January 10, 2018
The stock increased 0.40% or $0.48 during the last trading session, reaching $119.34. About 6.66M shares traded. The Home Depot, Inc. (NASDAQ:KTWO) has risen 113.03% since January 7, 2017 and is uptrending. But Salesforce's impressive year isn't just evident in its stock price gain; Salesforce's underlying fundamentals similarly reflect a stellar 2017. Fifth Third National Bank reported 0% in Salesforce.com, inc. (more...)
- January 10, 2018
The stock increased 0.40% or $0.48 during the last trading session, reaching $119.34. About 6.66M shares traded. The Home Depot, Inc. (NASDAQ:KTWO) has risen 113.03% since January 7, 2017 and is uptrending. But Salesforce's impressive year isn't just evident in its stock price gain; Salesforce's underlying fundamentals similarly reflect a stellar 2017. Fifth Third National Bank reported 0% in Salesforce.com, inc. (more...)
Analysts See $1.95 EPS for Stryker Corporation (SYK)
- January 10, 2018
Stryker Corp now has $61.10B valuation. Canaccord Genuity increased their price target on Stryker from $155.00 to $162.00 and gave the stock a "buy" rating in a research report on Friday, October 27th. Aldebaran Finance accumulated 38,460 shares. Bangor National Bank & Trust has 0.26% invested in Stryker Corporation (NYSE:SYK). Bryn Mawr stated it has 88,190 shares or 0.71% of all its holdings. (more...)
- January 10, 2018
Stryker Corp now has $61.10B valuation. Canaccord Genuity increased their price target on Stryker from $155.00 to $162.00 and gave the stock a "buy" rating in a research report on Friday, October 27th. Aldebaran Finance accumulated 38,460 shares. Bangor National Bank & Trust has 0.26% invested in Stryker Corporation (NYSE:SYK). Bryn Mawr stated it has 88,190 shares or 0.71% of all its holdings. (more...)
Synergy Pharmaceuticals' (SGYP) Market Perform Rating Reiterated at Oppenheimer
- January 10, 2018
Overall, the share price is down -0.45% year to date. Alyeska Grp Limited Partnership has 2.36 million shares for 0.06% of their portfolio. Prelude Capital Mngmt Ltd Liability Company has 0.04% invested in Synergy Pharmaceuticals Inc. The rating was initiated by BTIG Research on Tuesday, August 25 with "Buy". The rating was downgraded by Citigroup on Thursday, April 6 to "Sell". Oppenheimer downgraded the shares of SGYP in report on Friday, January 5 to "Perform" rating. (more...)
- January 10, 2018
Overall, the share price is down -0.45% year to date. Alyeska Grp Limited Partnership has 2.36 million shares for 0.06% of their portfolio. Prelude Capital Mngmt Ltd Liability Company has 0.04% invested in Synergy Pharmaceuticals Inc. The rating was initiated by BTIG Research on Tuesday, August 25 with "Buy". The rating was downgraded by Citigroup on Thursday, April 6 to "Sell". Oppenheimer downgraded the shares of SGYP in report on Friday, January 5 to "Perform" rating. (more...)
Nike Releases Team USA's Medal Stand Collection
- January 10, 2018
As a result, Nike has today unveiled the winter-ready gear that Team USA's medal-winning men and women will wear when they stand on the podium to receive the gold, silver or bronze. The women's boots are slightly higher and feature built-in heat reflective material. It includes a jacket, pants, boots and gloves. The good news for all us non-Olympians? The Olympics begin February 8, but the first shot at seeing Nike's 2018 Team USA Medal Stand Collection outfits in the setting they were ... (more...)
- January 10, 2018
As a result, Nike has today unveiled the winter-ready gear that Team USA's medal-winning men and women will wear when they stand on the podium to receive the gold, silver or bronze. The women's boots are slightly higher and feature built-in heat reflective material. It includes a jacket, pants, boots and gloves. The good news for all us non-Olympians? The Olympics begin February 8, but the first shot at seeing Nike's 2018 Team USA Medal Stand Collection outfits in the setting they were ... (more...)
$1.24 EPS Expected for Comerica Incorporated (CMA)
- January 10, 2018
The total number of shares traded in the last 90-day period is 7,796. Comerica Incorporated (NYSE: CMA ) has risen 54.07% since January 9, 2017 and is uptrending. The Quebec - Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.04% in Comerica Incorporated (NYSE:CMA). More important recent Comerica Incorporated (NYSE:CMA) news were published by: Prnewswire.com which released: "Comerica Announces Adjustments for Legacy Sterling Warrants" on December 14, 2017, also ... (more...)
- January 10, 2018
The total number of shares traded in the last 90-day period is 7,796. Comerica Incorporated (NYSE: CMA ) has risen 54.07% since January 9, 2017 and is uptrending. The Quebec - Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.04% in Comerica Incorporated (NYSE:CMA). More important recent Comerica Incorporated (NYSE:CMA) news were published by: Prnewswire.com which released: "Comerica Announces Adjustments for Legacy Sterling Warrants" on December 14, 2017, also ... (more...)
$0.17 EPS Expected for Valley National Bancorp (VLY)
- January 10, 2018
C. Penney's analysts are positive. Among 8 analysts covering Everest Re Group Ltd ( NYSE:RE ), 2 have Buy rating, 1 Sell and 5 Hold. The stock tapped a 52-week high of US$12.82 while the mean 12-month price target for the shares is US$13.06. (more...)
- January 10, 2018
C. Penney's analysts are positive. Among 8 analysts covering Everest Re Group Ltd ( NYSE:RE ), 2 have Buy rating, 1 Sell and 5 Hold. The stock tapped a 52-week high of US$12.82 while the mean 12-month price target for the shares is US$13.06. (more...)
Were Analysts Bearish The Kraft Heinz Company (NASDAQ:KHC) This Week?
- January 10, 2018
Other hedge funds also recently added to or reduced their stakes in the company. The Kraft Heinz Company has P/S value of 3.63 while its P/B value stands at 1.61. During the same period in the previous year, the business posted $0.44 EPS. The business's revenue was up 2.4% compared to the same quarter a year ago. (more...)
- January 10, 2018
Other hedge funds also recently added to or reduced their stakes in the company. The Kraft Heinz Company has P/S value of 3.63 while its P/B value stands at 1.61. During the same period in the previous year, the business posted $0.44 EPS. The business's revenue was up 2.4% compared to the same quarter a year ago. (more...)
How Are Johnson & Johnson (JNJ) EPS Outlook Changing
- January 10, 2018
The stock increased 0.04% or $0.05 during the last trading session, reaching $128.58. About 1.46 million shares traded or 24.98% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since January 9, 2017 and is uptrending. Goldman Sachs maintained the stock with "Neutral" rating in Wednesday, April 20 report. RBC Capital Markets maintained it with "Buy" rating and $22000 target in Friday, June 2 report. (more...)
- January 10, 2018
The stock increased 0.04% or $0.05 during the last trading session, reaching $128.58. About 1.46 million shares traded or 24.98% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since January 9, 2017 and is uptrending. Goldman Sachs maintained the stock with "Neutral" rating in Wednesday, April 20 report. RBC Capital Markets maintained it with "Buy" rating and $22000 target in Friday, June 2 report. (more...)
Investors ditch spread-betters after FCA warning
- January 10, 2018
CFDs let investors bet on both the direction a share price, currency or other financial product will move, and the extent of the change in price, and there is no stamp duty. Ms Butler added that none of the 19 providers were acting in line with the FCA's guidance on communication, oversight and challenge while only one was able to demonstrate robust due diligence when taking on new distributors. (more...)
- January 10, 2018
CFDs let investors bet on both the direction a share price, currency or other financial product will move, and the extent of the change in price, and there is no stamp duty. Ms Butler added that none of the 19 providers were acting in line with the FCA's guidance on communication, oversight and challenge while only one was able to demonstrate robust due diligence when taking on new distributors. (more...)
$0.40 EPS Expected for Boardwalk Pipeline Partners, LP (BWP)
- January 10, 2018
The average 12-month price objective among brokerages that have issued ratings on the stock in the past year is $18.17. Alps Advisors Inc. now owns 10,095,933 shares of the pipeline company's stock valued at $148,410,000 after purchasing an additional 1,021,142 shares in the last quarter. (more...)
- January 10, 2018
The average 12-month price objective among brokerages that have issued ratings on the stock in the past year is $18.17. Alps Advisors Inc. now owns 10,095,933 shares of the pipeline company's stock valued at $148,410,000 after purchasing an additional 1,021,142 shares in the last quarter. (more...)
Integral Derivatives LLC Raised Its Nflx (Put) (NFLX) Position
- January 10, 2018
The stock increased 0.45% or $0.9362 during the last trading session, reaching $210.9262. About 2.85 million shares traded. Netflix, Inc . ( NFLX ) analysts on average have given a price target of $215.63 on NFLX stock. for the previous quarter, Wall Street now forecasts 44.83% EPS growth. Tocqueville Asset Ltd Partnership invested in 0.12% or 58,202 shares. (NYSE:HD). (more...)
- January 10, 2018
The stock increased 0.45% or $0.9362 during the last trading session, reaching $210.9262. About 2.85 million shares traded. Netflix, Inc . ( NFLX ) analysts on average have given a price target of $215.63 on NFLX stock. for the previous quarter, Wall Street now forecasts 44.83% EPS growth. Tocqueville Asset Ltd Partnership invested in 0.12% or 58,202 shares. (NYSE:HD). (more...)
US Natural Gas Fund (UNG) Technical Stock Indicators in Focus
- January 10, 2018
Institutional investors own 58.94% of the company's stock. (NYSE:NGS) has a Shareholder Yield of -0.005440 and a Shareholder Yield (Mebane Faber) of -0.00563. Typically, a stock scoring an 8 or 9 would be seen as strong. Taking a deeper look into the technical levels of Northwest Natural Gas Company (NWN), we can see that the Williams Percent Range or 14 day Williams %R now sits at -95.61. (more...)
- January 10, 2018
Institutional investors own 58.94% of the company's stock. (NYSE:NGS) has a Shareholder Yield of -0.005440 and a Shareholder Yield (Mebane Faber) of -0.00563. Typically, a stock scoring an 8 or 9 would be seen as strong. Taking a deeper look into the technical levels of Northwest Natural Gas Company (NWN), we can see that the Williams Percent Range or 14 day Williams %R now sits at -95.61. (more...)
Forecast predicts 2018 of record USA oil production
- January 10, 2018
Last year, those shipments averaged 130,000 BPD. The Energy Department believes US crude production will climb above 10 million barrels a day in the first quarter of this year, nine months earlier than previously anticipated. As a result, pipeline capacity constraints should not be a major limiting factor in starting new production, he said. February WTI crude continued to trade higher, up 1.5% at $62.66 a barrel, poised for the highest finish in about three years. (more...)
- January 10, 2018
Last year, those shipments averaged 130,000 BPD. The Energy Department believes US crude production will climb above 10 million barrels a day in the first quarter of this year, nine months earlier than previously anticipated. As a result, pipeline capacity constraints should not be a major limiting factor in starting new production, he said. February WTI crude continued to trade higher, up 1.5% at $62.66 a barrel, poised for the highest finish in about three years. (more...)
Is Buying Global Payments Inc. (GPN) Here a Winning Strategy?
- January 10, 2018
It has underperformed by 21.16% the S&P500. Letko Brosseau & Associates Inc increased Celestica Inc (CLS) stake by 0.16% reported in 2017Q3 SEC filing. Bb&T Corporation holds 2,395 shares. Global Payments's dividend payout ratio (DPR) is 2.41%. It is positive, as 26 investors sold Global Payments Inc. (more...)
- January 10, 2018
It has underperformed by 21.16% the S&P500. Letko Brosseau & Associates Inc increased Celestica Inc (CLS) stake by 0.16% reported in 2017Q3 SEC filing. Bb&T Corporation holds 2,395 shares. Global Payments's dividend payout ratio (DPR) is 2.41%. It is positive, as 26 investors sold Global Payments Inc. (more...)
Cerner (CERN) Downgraded by Zacks Investment Research
- January 10, 2018
Capwealth Advisors Llc who had been investing in Fireeye Inc for a number of months, seems to be less bullish one the $2.79B market cap company. The stock was sold at an average price of $65.52, for a total transaction of $9,172,800.00. On Friday, September 22 the stock rating was maintained by Jefferies with "Buy". The company was maintained on Wednesday, June 7 by Robert W. Baird. The rating was reinitiated by Jefferies with "Buy" on Friday, October 16. (more...)
- January 10, 2018
Capwealth Advisors Llc who had been investing in Fireeye Inc for a number of months, seems to be less bullish one the $2.79B market cap company. The stock was sold at an average price of $65.52, for a total transaction of $9,172,800.00. On Friday, September 22 the stock rating was maintained by Jefferies with "Buy". The company was maintained on Wednesday, June 7 by Robert W. Baird. The rating was reinitiated by Jefferies with "Buy" on Friday, October 16. (more...)
Prudential Financial, Inc. (PRU)'s Stock Is Buy After Touching 52-Week High
- January 10, 2018
It has outperformed by 16.96% the S&P500. (EPZM) by 3.93% based on its latest 2017Q3 regulatory filing with the SEC. RBC Capital Markets maintained the shares of FB in report on Wednesday, October 11 with "Buy" rating. On Friday, September 23 the stock rating was upgraded by Goldman Sachs to "Buy". The firm has "Buy" rating given on Monday, September 11 by Keefe Bruyette & Woods. (more...)
- January 10, 2018
It has outperformed by 16.96% the S&P500. (EPZM) by 3.93% based on its latest 2017Q3 regulatory filing with the SEC. RBC Capital Markets maintained the shares of FB in report on Wednesday, October 11 with "Buy" rating. On Friday, September 23 the stock rating was upgraded by Goldman Sachs to "Buy". The firm has "Buy" rating given on Monday, September 11 by Keefe Bruyette & Woods. (more...)
Comcast to boost Internet speed for local customers
- January 10, 2018
You need a DOCSIS 3.0 model to receive the enhanced speeds. Performance Pro: 150 Mbps, up from 100 Mbps (uploads remain at 5 Mbps.) Monthly prices are $82, with a promotional price of $50 for a limited period. To increase speeds, most customers only will need to restart their modems when notified by Comcast that the faster service is available. Customers who own their own modems must check to see if they need new modems for the faster speeds. (more...)
- January 10, 2018
You need a DOCSIS 3.0 model to receive the enhanced speeds. Performance Pro: 150 Mbps, up from 100 Mbps (uploads remain at 5 Mbps.) Monthly prices are $82, with a promotional price of $50 for a limited period. To increase speeds, most customers only will need to restart their modems when notified by Comcast that the faster service is available. Customers who own their own modems must check to see if they need new modems for the faster speeds. (more...)
Boxing fan hit with $146000 bill
- January 10, 2018
It was at this point when a drunken friend made a decision to grab Craig's iPad and start streaming the fight on Facebook Live, where the stream was watched by over 4,000 people. Anthony Joshua vs Wladimir Klitschko was arguably one of the best fights of 2017. "They're demanding the names and addresses of all my mates who were round that night, but I'm not going to give them up". (more...)
- January 10, 2018
It was at this point when a drunken friend made a decision to grab Craig's iPad and start streaming the fight on Facebook Live, where the stream was watched by over 4,000 people. Anthony Joshua vs Wladimir Klitschko was arguably one of the best fights of 2017. "They're demanding the names and addresses of all my mates who were round that night, but I'm not going to give them up". (more...)
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