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Business

Fisher Asset Management LLC Boosts Stake in Pepsico, Inc. (PEP)

Highstreet Asset holds 0.12% of its portfolio in PepsiCo , Inc. The institutional investor held 67,300 shares of the consumer non-durables company at the end of 2017Q2, valued at $7.77M, down from 74,800 at the end of the previous reported quarter.

Business

IRS awards Equifax US$7.25m no-bid contract after hack

It added 2.5 million Americans to those affected by the massive security breach of its systems, bringing the total to 145.5 million people who had their personal information accessed or stolen. The IRS has suffered its own embarrassing breaches, with the agency announcing on 6 April that the personal data of up to 100,000 United States taxpayers could have been compromised.

Business

FDA to bakery: Love is NOT an ingredient in granola

The Food and Drug Administration sent a letter to MA company Nashoba Brook Bakery on September 22, rebuking them for, amongst other things, including "love" on the ingredient list for the company's granola. "It's kind of nice that this artisan bakery can say there's love in it and it puts a smile on people's face". In a statement that was sent out via email to media, the FDA announced that its concerns related to love were not amongst the top concerns of the agency.

Business

Mylan shares surge after FDA approves its generic multiple sclerosis treatment

Teva , based in Israel, saw its US listed shares drop 15% following the announcement by the FDA, while Mylan became the top gainer for the S&P 500 prior to the market opening Wednesday. However, for Teva, the approval by the FDA of Mylan's copycat version means the drug maker has generic competition between 9 and 12 months prior to the previous expectations on Wall Street.

Business

'New era' in solar energy fuelling growth in renewables: IEA

According to IEA's Renewables 2017 report, after another record year in 2016, renewables will expand by more than 920 GW by 2022, representing an increase of 43%. By then, renewables will account for 30 per cent of power generation, up from 24 per cent in 2016. With many countries committing to fossil fuel auto bans and companies like General Motors Volvo moving away from traditional fuel models, electric vehicles are expected to double by 2022.

Business

(MGM) is up at $30.85 MGM Resorts Commits $3 Million To Aid…

MGM Resorts International has recorded a 50-day average of $32.17 and a two hundred day average of $31.15. The corporation has a market cap of US$2.12 Billion. Raymond James Financial Services Advisors Inc. now owns 34,213 shares of the company's stock valued at $937,000 after purchasing an additional 140 shares in the last quarter.

Business

Brokerages Set Laredo Petroleum, Inc. (LPI) Price Target at $14.65

Volume levels spiked and LPI actually managed a breakout which translated to 12.01 million shares changing hands on the day. Bioverativ Inc.is given 4 equivalent recommendations, 0 sells and 7 holds. eBay Inc.'s ROA is 0%, while industry's average is 3.89%. It was last traded at $12.56 apiece. It is down 17.65% since October 4, 2016 and is uptrending.

Business

Hewlett Packard Enterprise Company (HPE)

Hewlett Packard Enterprise Company (NYSE: HPE ) has shown a discernible change in trend levels over the path of recent market activity. The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 7.41%, and has a solid year to date (YTD) performance of 9.24% which means that the stock is constantly adding to its value from the previous fiscal year end price.

Business

Toys "R" Us launches AR app

The company is planning to improve its online presence and to be more active in interactive areas. The experience goes nationwide on October 21. In response, Toys R Us has upgraded its website, emphasizes its expertise and is trying to turn its stores into hubs of activities that go beyond shopping.

Business

ImmuPharma PLC (IMM) Stock Rating Reaffirmed by Northland Securities

The Company is engaged in producing synthetic fuels. About shares traded. Tyson Foods, Inc. It has underperformed by 93.21% the S&P500. The stock of Close Brothers Group plc (LON:CBG) earned "Hold" rating by Shore Capital on Thursday, March 16.

Business

Royal Mail staff vote for strike ballot over pensions

They firm added: "A ballot result for industrial action does not necessarily mean there will be industrial action". That's a huge volume facing courier services in the United Kingdom if the Royal Mail takes any kind of industrial action over the Christmas period.

Business

Are the Technicals Adding up for EQT Midstream Partners, LP (NYSE:EQM)?

Cone Midstream Partners LP (CNNX)'s Williams %R presently stands at -81.09. The 50 day moving average went up $0.86 or +6.46% and the 200 day average was up $0.61. As always, the values may need to be adjusted based on the specific stock and market. First Republic Investment owns 43,530 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys decreased Magellan Midstream Prtnrs Lp (MMP) stake by 21.85% reported in 2017Q2 SEC filing.

Business

Coffee With a Cop Oct. 4

The university is hosting two events, one from 9-10 a.m.in 266 Rhatigan Student Center, and another from 1-2 p.m.at the Starbucks on WSU's Innovation Campus. Coffee with a Cop was created in Hawthorne, California in 2011 as a result of a brainstorming session to help officers interact on a more personal level with the community.

Business

Sensex, Nifty Inch Higher Ahead Of RBI Meeting

It saw an intra-day movement of about 64.35 points. Sobha (down 0.90 per cent) was the only component of the index that was trading in the red around that time. Hero MotoCorp: Country's largest two-wheeler maker Hero MotoCorp reported its best-ever monthly sales at 7,20,739 units in September, a growth of 6.78 per cent over the same month past year.

Business

Will crude oil drop under $50 in the coming week?

But a Reuters survey on Friday suggested that OPEC oil output rose by 50,000 bpd in September and compliance with cuts slid to 86% as Iraqi exports increased and production edged higher in Libya , one of the producers exempt from the supply-cut deal.

Business

Manchester City striker Sergio Aguero could miss up to six weeks

Aguero's injury rules him out of Argentina's World Cup qualifiers against Peru and Ecuador. But, Villani believes Aguero is much further away from returning to the pitch. "A month and a half, minimum", he said. "He can't move in his house, nor get in and out of the auto. He was feeling very bad because he wanted to be here".

Business

EC legal action over Apple tax bill is deferred

Amazon who thought they may get an easy ride, in Australia when it came to tax may want to rethink their strategy after the European Union ordered the big U.S. The EU's decision to slap Amazon with a multi-million euro tax bill and take Ireland to court for not complying with a landmark case against Apple are the latest in a string of competition cases against USA firms.

Business

RBI maintains status quo, keeps repo rate unchanged at 6%

Consumer inflation had surged to a five-month high of 3.36 per cent in August, threatening the central bank's target. The six member monetary policy committee (MPC), headed by RBI governor Urjit Patel, kept one eye firmly on the rising inflation that is perilously inching towards the RBI's 4 percent threshold level.

Business

Georgia city will rename itself Amazon if it wins the new headquarters

To pitch the plan, Stonecrest Mayor Jason Lary said, "There are several major United States cities that want Amazon , but none has the branding opportunity we are now offering this visionary company". Cities and towns around the country are scrambling to make their pitch to Amazon by October 19, and they're pulling out all the stops to lure in the company.

Business

RAF Jets Intercept Luton-bound Ryanair Plane

RAF jets have been scrambled to intercept a Ryanair flight from Lithuania after a security alert that was sparked by a suspected hoax. "Flight operations were briefly held while the aircraft landed". An RAF spokesman confirmed two jets were scrambled to escort the plane and were given permission to fly over land at supersonic speed - only granted in an emergency.

Business

New Rs 100 Notes Coming Soon, Printing to Begin in April 2018

The existing Rs 100 notes will be withdrawn gradually without any disruption, a government official said, requesting anonymity. The note has other designs and geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

Business

Tesco Declares First Dividend In Three Years As Sales Rise

The group's pension deficit stood at £3 billion at the end of March, up around £250 million since the last review three years ago. The retailer's United Kingdom like-for-like sales in the second quarter also experienced a 2.1 per cent uptick, although this was a slight slowdown on the 2.3 per cent recorded in the previous three months.

Business

The Bull Case for Microsoft Corporation (MSFT)

About 6.74M shares traded. It has outperformed by 17.82% the S&P500. Ward Ferry Management Ltd decreased its stake in Tal Ed Group (XRS) by 15.03% based on its latest 2017Q2 regulatory filing with the SEC. Klingenstein Fields & Ltd Liability Corporation reported 96,370 shares. 43,140 were accumulated by Arrowgrass Capital Ptnrs (Us) Lp. (NASDAQ:HIBB) for 55,461 shares.

Business

Fuel price up from Wednesday

Due to the increase in the worldwide prices of petrol and diesel during the last few weeks, the Retail Selling Prices of Petrol and Diesel at Delhi have risen to Rs 70.88 per liter and Rs 59.14 per liter, respectively, as on 3 October. In some good news for the common man, the prices of petrol and diesel fell by Rs. 2.25 per litre in Delhi , Rs. 2.25 in Kolkata , Rs. 2.38 in Mumbai and Rs.

Business

Las Vegas, Nevada's Gun Control Laws Explained

There is little that can be done to prevent them apart from controlling access to guns . Nevada has some of the most relaxed gun laws in the country, a legislative condition that is sure to come under renewed scrutiny in the wake of the worst mass shooting in USA history on Sunday night in Las Vegas.

Business

GM and Ford announce major electric vehicle plans

Nor does Ford have a high-volume brand of affordable entry cars for China-such as the Baojun cars sold by rival General Motors Co. and its China partner SAIC Motor Corp. Of Ford's U.S. $14 billion in promised cost reductions over five years, United States $10 billion will come from material costs and USA $4 billion from reduced engineering costs, Hackett said.

Business

Zogenix, Inc. (NASDAQ:ZGNX) Noteworthy Mover

Zogenix has a 52 week low of $7.50 and a 52 week high of $41.65. Zogenix, Inc . ( ZGNX ) now has a Return on Assets (ROA) value of -38.3 Percent. ( ZGNX ) most recent 13F filing, the company has 18 new institutional holders - accounting for 855,285 shares of its common stock.

Business

Renaissance Technologies LLC Grows Position in Barrick Gold Corporation (NYSE:ABX)

The stock decreased 0.35% or $0.07 on September 29, reaching $20.08. Barrick Gold Corporation (NASDAQ: ABX ) posting a -0.68% after which it closed the day' session at $16.09 and sees an average of 10.08M shares trade hands in each session while it's while its relative trading volume is 0.63.

Business

Europe 'to bill Amazon for Luxembourg back taxes'

The EU's enforcement arm, the European Commission, opened up an investigation three years ago into a partnership between Amazon and Luxembourg that allowed the e-commerce giant to shield some of its assets from taxation. The European Commission declined to comment. The news follows on the heels of a new European Union tax plan that would prevent American companies such as Amazon, Apple and others from using certain tax loopholes.

Business

Toyota prepares to shut Australian manufacturing

Output at the Melbourne plant peaked in 2007, when it made 149,000 cars. 1989 to 1994: Toyota Camry production continues at Port Melbourne but Corolla assembly moves to a Holden factory in Dandenong while Toyota builds a new facility at Altona.

Business

Ford creates 'Team Edison' to develop electric cars

It will be separate from Ford's other electrification efforts, which include hybrid and plug-in hybrid offerings. Raj Nair, Ford's CTO said "To get electrification volumes where we would all like them to be we have to make sure we make the affordability targets or otherwise they are going to stay as a niche item or a pure luxury item".

Business

Yahoo says 3 billion affected by 2013 hack

The number of individuals affected by the 2013 attack is smaller than 3 billion, because some people have multiple accounts across Yahoo's sites, including email, fantasy sports, Tumblr and Flickr, the spokesman said. Those disclosures delayed Verizon's takeover of Yahoo as the telco investigated the incidents, and ultimately led the telco cut its purchase price by $350 million to $4.48 billion.

Business

Fully automatic weapons found in gunman's hotel room in Las Vegas

Authorities said 58 people were killed and 515 were injured. Once he was told about the attack, Turner did exactly what you'd expect a gun rights advocate to do after the worst mass shooting in modern American history: He blamed everything but the gun itself.

Business

GoFundMe created for Las Vegas shooting victims

Trump, who ran his campaign against any gun control laws , did not mention it in his two remarks today during which he said that this is "a very very sad" day for him. "We advise caution on jumping to conclusions before the facts are in", Liu said. The gunman's brother, Eric Paddock, said he was "completely befuddled" by his brother's actions.

Business

Uber's Former CEO Travis Kalanick Names 2 to Board, Rekindles Power Struggle

Kalanick, who was pressured to resign in June as head of Uber which dominates the market for smartphone on-demand vehicle rides, retains sizeable voting rights in the privately-held company that he co-founded. Each of them stand to lose voting power because they hold shares that carry more than one vote a piece. The timing of Kalanick's actions, as he noted in his tweet, is tied to developments regarding a board meeting believed to be scheduled for Tuesday.


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