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2017 world wine production falls, while Aus production grows

Global wine production is expected to fall to its lowest level in more than 50 years, new figures show. Closer to home, In Oceania, 2017 Australian production reached a sustained level of 13.9 mhl, a 6 per cent increase compared with 2016.

Business

HDFC Bank Q2 Profit up by 20% to Rs 4151 Crore

The country's second largest private sector lender reported a 22 per cent increase in net interest income year-on-year to Rs 9,752 crore, ahead of analysts' estimates. Income from provisions was said to be ₹1,476.20 crores, which included 1,078.80 crores worth provisions in special loan loss and ₹397.40 crores worth general and other provisions.

Business

How major USA stock indexes fared on Tuesday

Technology companies climbed, as well. Investors applauded reports from McDonald's and General Motors while health care companies including drugmakers stumbled. Advancing issues outnumbered declining ones on the NYSE by a 1.36-to-1 ratio; on Nasdaq , a 1.44-to-1 ratio favored advancers. Technology companies recovered most of Monday's losses.

Business

Trump Says He'll Pick A Federal Reserve Chair Nominee 'Very Shortly'

During a lunch meeting Tuesday with the Republican Senate leadership, the president reportedly asked for a show of hands vote on who they would like to see him nominate to lead the central bank when current Chair Janet Yellen's term expires in February.

Business

International Paper, Graphic Packaging Combine Packaging Businesses

They set an "outperform" rating and a $15.00 price target for the company. Investors in Graphic Packaging Holding have been patiently waiting for the uptick in earnings and if you believe the analysts covering the stock then the following year will be very interesting.

Business

Analyst Activity - Berenberg Bank Reiterates Hold on Cisco Systems (NASDAQ:CSCO)

Holderness Investments Co. increased its stake in Cisco Systems by 12.1% in the first quarter. It has underperformed by 3.50% the S&P500. Franklin Resources Inc decreased Williams Cos Inc Del (WMB) stake by 0.06% reported in 2017Q2 SEC filing.

Business

TD Securities Downgrades Eldorado Gold Corporation (EGO) to Hold

Finally, Counsel Portfolio Services Inc. acquired a new stake in shares of Eldorado Gold Corporation during the second quarter worth about $300,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Eldorado Gold Corporation by 7.0% in the 2nd quarter.

Business

Amazon extends Prime's two-day shipping perk to businesses

Businesses that want to sign up 10 of their employees to the service must pay an annual fee of $499, while companies that want to sign up 100 workers pay $1,299. That combination of speed and visibility will be a key selling point for Amazon Business as it pushes deeper into the procurement technology space.

Business

Chipotle Mexican Grill, Inc. 3Q17 Earnings Miss Sends Stock Diving

Shares of Chipotle Mexican Grill (NYSE: CMG ) opened at 320.45 on Tuesday. The original version of this report can be viewed at https://baseballnewssource.com/markets/chipotle-mexican-grill-inc-cmg-price-target-cut-to-330-00/1728383.html.

Business

What the Technicals Say About Kimberly-Clark Corporation (KMB)

Institutional investors own 69.94% of the company's stock. The shares went up by 2.37% in value last month. Boston Family Office LLC boosted its position in shares of Kimberly-Clark Corporation by 0.8% during the second quarter. More interesting news about Kimberly Clark Corp (NYSE: KMB ) were released by: Fool.com and their article: "Why I Love Kimberly-Clark Corporation" published on September 27, 2017 as well as Seekingalpha.com's news article titled: "Considering Kimberly-Clark For The ...

Business

AMD reports Q3 beats but expects Q/Q revenue drop; shares down 10.4%

The percentage of shares being held by the company management was 0.47% while institutional stake was 7.4%. Following the completion of the transaction, the senior vice president now directly owns 422,363 shares of the company's stock , valued at approximately $5,875,069.33.

Business

VW Reaches Agreement to Fix Some 3.0L Diesel SUVs

Repairs have been approved for the remaining VW and Audi vehicles powered by 2.0-liter engines, totaling about 477,000 vehicles. The company is still waiting for approval for fixes for 3.0-liter diesel passenger cars. Eight VW executives have been indicted in the United States and two have pleaded guilty to being involved the emissions cheating program. In September, VW said it was taking a further $3 billion charge to fix diesel engines in the U.S., lifting the total bill for its ...

Business

Taco Bell's Kit Kat Quesadillas

Mashable reported today that the fast-food chain has tested the gooey chocolatey concoction in the United Kingdom previous year and has now brought it across the pond for further tests. Brand Eating reported that the company is going with a different name in the US due to the similarity of "Chocoladilla" to "Chocodile", the name of a Hostess snack cake.

Business

Lockheed Martin Raises Full-Year Outlook But Q3 Results Fall Short

Lockheed Martin Corp now has $92.37 billion valuation. Donaldson Capital Management Ltd Limited Liability Company invested in 97,077 shares. Shares slipped 1.16% to US$317 each. On Wednesday, October 5 the stock rating was initiated by Atlantic Securities with "Overweight". Lockheed Martin Corporation presently has a consensus rating of "Buy" and an average price target of $312.73.

Business

Verizon Communications Inc. (VZ) Shares Bought by First Manhattan Co

First Manhattan Co.'s holdings in Verizon Communications were worth $28,978,000 at the end of the most recent reporting period. It dropped, as 90 investors sold VZ shares while 700 reduced holdings. For the current quarter, 25 analysts are projecting a mean EPS of $0.88/share. The ex-dividend date will be on Friday the 6th of October 2017. Mizuho Securities USA LLC acquired a new stake in Verizon Communications in the 3rd quarter valued at $758,000.

Business

Britain Coffee Chain Costa Coffee Raises 6.7 Percent profit

Whitbread opened more Premier Inn hotel rooms and Costa outlets in the period. The group opened 2,000 new Premier Inn rooms in the United Kingdom in the six months to August 31 and launched new Costa breakfast and lunch menus. Costa UK revenue rose 8.3 percent to 542 million pounds driven by good response to its breakfast and lunch ranges and addition of 108 net new stores.

Business

FAA investigating another Air Canada incident at San Francisco Airport

The incident occured Sunday night when Air Canada flight 781, an Airbus A320, wan preparing to land at SFO. The recording from Sunday night indicates Air Canada 781 was told six times in less than a minute to "go around", or interrupt its landing procedure.

Business

United Kingdom regulator launches probe into Equifax data breach

The U.K. Financial Conduct Authority opened an investigation into the hack of credit reporting company Equifax Ltd. that saw personal data stolen from at least 143 million people. A remaining 667,000 - who were not direct customers of Equifax but whose details it may have stored by the company as part of the credit-checking process - had driving licence and phone numbers accessed.

Business

Sears no longer carrying Whirlpool appliances

The relationship reaches back to 1916, when Whirlpool began making two types of wringer washers for Sears, Roebuck and Co., according to Whirlpool's website. Sears Holdings informed staff of the decision to stop carrying Whirlpool products in a memo last week. Appliances are a big part of Sears' business.

Business

Fiat Chrysler reports profit gains despite USA sales slump

Finally, BKS Advisors LLC purchased a new stake in shares of Fiat Chrysler Automobiles N.V. during the second quarter valued at approximately $128,000. 08/23/2017 - Fiat Chrysler Automobiles N.V. had its "buy" rating reiterated by analysts at Jefferies. The company has a market cap of $25.70 billion, a price-to-earnings ratio of 7.57 and a beta of 1.73.

Business

Activists Win As Lord And Taylor Flagship Building Sold

The department store's flagship, known for its Christmas time displays on Fifth Avenue, has been sold to office company WeWork for $850 million. It will then become WeWork's NY headquarters and office space, while hosting a revamped store.

Business

Caterpillar Inc. (CAT) Stock Surges on Stellar Earnings

Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company's stock valued at $107,000 after acquiring an additional 900 shares in the last quarter. (NYSE: CAT ) rating on Tuesday, October 10. Shares have hit a new 52-week high after reaching $139.68 during recent trading action. (NYSE: CAT ) now has a beta of 1.28 meaning it is more volatile than the market as a whole that has a beta of 1.

Business

The German vehicle manufacturers are inspected by european officials

Daimler chief financial officer said: "It principally concerns coordination in breach of antitrust legislation which was discussed in the press a while ago". Under European rules, the first firm to come forward with evidence of anticompetitive behaviour can be spared the worst of the punishment. On Friday, Daimler revealed that it had claimed whistleblower status to avoid any fines.

Business

Infosys Q2 profit rises about 3.3% to Rs3,726 crore

Net profit for the three months to September 30 rose to 37.26 billion rupees (RM2.42 billion) from 36.06 billion rupees for the same period a year earlier, the firm said in a statement. "The next few quarters will be extremely critical for the company and will require delicate handling to say the least", said Sanchit Vir Gogia, the New Delhi-based chief analyst of consultancy Greyhound Knowledge Group.

Business

(LLY) Shares now down at $87.18 Lilly Reports Third-Quarter Results,…

Its down 2.1% from 119,100 shares previously. The SI to Chembio Diagnostics Incorporated's float is 1.09%. It closed at $86.36 lastly. It is down 22.25% since October 24, 2016 and is downtrending. Highstreet Asset Mgmt Inc has invested 0.09% of its portfolio in Eli Lilly and Co ( NYSE : LLY ). After a recent check, it is observed that the insiders for the firm now own 11.20% shares.

Business

McDonald's Comparable Sales Save Q3 Earnings

Earnings of $1.76, adjusted, compared with a forecast profit of $1.77. Wall Street analysts were expecting the company to earn $1.77 per share on revenue of $5.74 billion. Revenue fell 10 percent, to $5.8 billion, from $6.4 billion the previous year, reflecting the impact of refranchising. The fast food restaurant operator also refranchised its China and Hong Kong businesses during the third quarter, hitting its target of refranchising 4,000 restaurants over a year earlier than management ...

Business

Rs. 92150 cr revenue on GST paid upto Oct 23: Finance Ministry

In some much-needed reprieve for traders and small businesses facing difficulties in complying with filing GST returns, the Centre on Tuesday announced that it had chose to waive the penalty levied on account of delayed filing for the months of August and September.

Business

Disturbing New Details Emerge About Death Of Australian Teacher Gabrielle Maina

Witnesses said Gabrielle Maina was walking down a street when she was attacked by armed men on a motorbike in the affluent suburb of Karen. A woman, who declined to be named, said her sons had played with Ms Maina's boys for the Ingleburn Magpies Junior AFL Club.

Business

Mobile US Inc (TMUS): Is It A Good Long Term Opportunity?

LLC now owns 3,079 shares of the company's stock worth $133,000 after buying an additional 269 shares in the last quarter. Arizona State Retirement System acquired a new position in shares of T-Mobile US during the 2nd quarter worth $1,390,000.

Business

Zero auto and motorcycle growth from February 2018

The Land Transport Authority (LTA) issues permits, known as Certificates of Entitlement, that give vehicle owners the right to have their vehicle for a period of ten years. Meanwhile, the COE quota for November to next January will shrink 5.3 per cent from the current quarter to 25,913 across all categories. The number of COEs for Category C (goods vehicles and buses) will tumble the most, shrinking 45.4 per cent to 1,456 (from 2,666 in August to October).

Business

Ontario government announcement sees 56 hospital beds coming county-wide

An additional $40 million is being spent on home care to prevent people from being admitted to hospital in the first place and to care for others after they have been discharged. "It is good news because the hospitals in Kingston are operating over 100 per cent capacity and people are having trouble getting admitted or they are being sent home too soon", Michael Hurley, president of the Canadian Union of Public Employees' (CUPE) Ontario Council of Hospital Unions, said.

Business

General Mills, Inc. (GIS) Position Boosted by Franklin Resources Inc

About 452,214 shares traded. General Mills (NYSE: GIS ) last released its earnings results on Wednesday, September 20th. It has underperformed by 27.33% the S&P500. (NYSE:GIS) or 191,661 shares. Moreover, Private Advisor Group Ltd Llc has 0.08% invested in General Mills, Inc. Barclays Public Limited Company stated it has 20,622 shares or 0% of all its holdings.

Business

China's Communist Party enshrines Xi Jinping Thought in constitution

During the congress' closing session, party leaders referred to Xi as the country's "core" leader, a term first used to describe Mao. Another option is to revive the title of party chairman, a label that has not been used since Mao Zedong. However, Xi could rally party support to stay for a third term or continue leading from his other role of party secretary general - which actually outranks the president.

Business

The (DIS) Position; Rex American Resources Has 1.11 Sentiment

Disney Walt Co now has $153.42B valuation. About 2,847 shares traded. It is down 9.26% since October 23, 2016 and is uptrending. It has underperformed by 7.44% the S&P500. Guggenheim maintained it with "Buy" rating and $43000 target in Thursday, August 3 report. It also reduced Avnet Inc. More notable recent Twitter Inc (NYSE:TWTR) news were published by: Fool.com which released: "Is Twitter, Inc.

Business

Diehard Bargain Hunter: General Electric Company (GE), KBR, Inc. (KBR)

The percentage of shares being held by the company management was 1.7% while institutional stake was 92.7%. About 158.71M shares traded or 183.92% up from the average. BerganKDV Wealth Management LLC increased its stake in General Electric by 0.3% in the 2nd quarter. Fmr Ltd Liability Corp holds 8.49 million shares.


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