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Business

Fire still burning a day after pipeline blast

Precautionary booms were set up around the explosion site to minimize any chance of fuel getting into the water system. Authorities have not said which type of fuel was involved in the explosion Monday. Some drivers said after a Colonial Pipeline leak caused gas shortages across southern states in September, they were going to plan ahead. Beck said the track hoe - a large piece of heavy equipment - struck the pipeline, causing the explosion Monday.

Business

Yelp pops 16% after reporting surprise third-quarter profit

Cumulative reviews were up 29% year over year to about 115 million, while App Unique Devices increased 24% to about 25 million. It reported adjusted earnings per share of 22 cents, compared to the FactSet consensus of a loss of 3 cents. Total transaction volume, which consists of completed transactions and bookings through Eat24, Yelp Reservations and Yelp Platform, grew 39% in the quarter over the same quarter in 2015.

Business

Qualcomm Inks Deal To Buy NXP For $39 Billion

Shares of Qualcomm Inc ., which is based in San Diego, climbed more than 2 per cent before the opening bell Thursday. While Qualcomm is electronic chipset firm in mobile communications space, NXP specialises in high-performance, mixed-signal semiconductor electronics, with innovative products and solutions and leadership positions in automotive, broad-based microcontrollers, secure identification, network processing etc.

Business

NY Times Print Ad Revenue Drops, Digital Grows

On an adjusted basis, the company earned 6 cents per share from continuing operations in the third quarter, beating the average analyst estimate of 4 cents, according to Thomson Reuters I/B/E/S. But the pace of the decline has accelerated, and digital advertising and other forms of revenue have not yet bridged the gap. At the same time , however, producing that kind of advertising and content is much more expensive than the traditional print kind, and that helped push the paper's costs up ...

Business

Federal Bureau of Investigation begins review of Hillary Clinton aide's emails

According to RealClearPolitics , which keeps track of all major polls, Trump is trailing Clinton by 3.1 percentage in average of polls. On Monday, Trump was slated to hold a pair of rallies in MI, which last went for a Republican presidential nominee in 1988.

Business

Tesla expands its portfolio to produce solar roof tiles

Powerwall is Tesla Motor's wall-mounted home battery. Unlike conventional solar panels that are installed on top of a regular roof, the Tesla tiles are built with a solar cell incorporated into the tile to make it virtually invisible from the street.

Business

India, Pakistan trade border fire in Kashmir, 6 killed

Talking about the video, DK Upadhyaya, BSF IG told media that Pakistani troops have been incessantly firing across the border on the Indian side and has been deliberately targeting civilians, so as to kill or injure them. "We have inflicted heavy damage on 14 Pakistani bunkers", he said. In the wake of heavy Pakistani shelling, the government has ordered closure of all the 174 government and private schools situated along the IB and LoC in Jammu .

Business

Important Analyst Opinions: Merck & Company, Inc. (NYSE:MRK)

Archer-Daniels-Midland Company (NYSE:ADM) shares now have a mean rating of 2.50 while 2 analysts have recommended the shares as "BUY", 2 commented as "OUTPERFORM" and 8 commented as "HOLD". During the same period in the previous year, the company posted $0.96 earnings per share. The reported earnings topped the analyst's consensus by $0.08 with the surprise factor around 8.10%.

Business

It may be over for Ukip, admits party donor Arron Banks

The party was now "pandering to the Westminster bubble" and trying to "get pally with the media" rather than following its members wishes, he said. However, he said tensions within the Labour Party presented an opportunity for Ukip to prosper.

Business

Price Review of Stock: Fidelity National Financial, Inc. (NYSE:FNF)

Return on Equity (ROE) stands at 5.3% and Return on Investment (ROI) displays a value of 3.5%. The insider owns 271,807 shares as of less than 0.1%, now worth $20888367.95. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.26 per share.

Business

Newspaper deal falls apart as Gannett gives up on Tronc

After adjusting for those items, its net income for the quarter was $8 million, said the company, whose former name was Tribune Publishing until a name change in June. tronc remained a constructive partner to Gannett as it sought to complete its financing for the agreed upon purchase price, however, Gannett was unable to do so and terminated discussions", Tronc said.

Business

Growth in manufacturing at 22-month high in October: PMI

USA factories have now expanded seven of the last eight months, a sign they've overcome the weight of a strong dollar that makes their products costlier in foreign markets. "Subdued new order intakes contributed to a fall in construction sector business confidence for the first time since July". Output increased for the tenth straight month in October, and at the quickest rate in almost four years.

Business

AT&T Is Acquiring Time Warner: What Does This Mean For You?

If Time Warner had adapted better to the digital age back in 2000 when the now-failed AOL deal happened, then it could have created Netflix (NFLX), among other groundbreaking innovations. WALL STREET: U.S. stocks finished higher on Monday as a spate of corporate deal-making over the weekend boosted investor sentiment. Time Warner also owns the Turner TV properties, which includes Cartoon Network/Adult Swim, CNN, TBS, and TNT; rights to March Madness, MLB, and National Basketball ...

Business

US businesses add just 147000 jobs in October

The PayScale Index, which measures the wages of employed US workers, forecasts 1 percent year-over-year growth for Q4 2016. Americans are spending more, spurring healthy auto sales in September and last month. Construction companies cut 15,000 jobs and manufacturers, still coping with the oil downturn and a weak global economy, trimmed 1,000. Of the 147,000 private payrolls, there was a drop of 18,000 in goods-producing and 165,000 added in service providing.

Business

Russia Says Aleppo Airstrikes to Be Paused Friday to Allow People Out

Terrorists in Aleppo have announced a price, which civilians have to pay for exit to the humanitarian corridors, in leaflets distributed on behalf of the Supreme Military Council of Jaish al-Fateh rebel coalition - 150,000 Syrian liras or approximately $300 per person, reports TASS .

Business

Fed Is Widely Expected to Leave Key Interest Rate Unchanged

The Reserve Bank had cut interest rates 12 times since November 2011, from 4.75 per cent to 1.50 per cent, and the easing cycle may be over. Most analysts found growth "weak but stable", Goldman said in a report. Inflation looked to be trending lower in the region's major developed economies. Hence we are seeing the volatility index moving higher and the precious metal.

Business

Newmont Mining Corp. (NEM) Shares Tick Up after Upgrade at Mackie

Sullivan Bruyette Speros & Blaney Inc. acquired a new stake in Newmont Mining Corp . during the second quarter worth about $203,000. Those brokerages entities have lowest and highest price targets for the stock at $25.5 and $50, respectively.If you work out the standard deviation of price targets, you end up with 6.101%.

Business

Clinton's lead slips as FBI looks at more emails - Reuters/Ipsos

Hillary Clinton's campaign manager on Tuesday called FBI Director James Comey's letter to Congress regarding the emails of a top Clinton associate a "break in protocol". Masks depicting Republican Presidential candidate Donald Trump and socks depicting Democratic Presidential candidate Hillary Clinton are pictured at It's Sugar candy shop in Pasadena, California U.S.

Business

New Tesla cars will be able to drive themselves

But the features possible with the new hardware will be enabled only later through over-the-air updates after testing over "millions of miles of real-world driving", Tesla added. The electric vehicle will drive, recharge and park itself without human input, he said. While the company tests the new cars for safety and convenience, the vehicles will temporarily lack certain features now available on Teslas with first-generation Autopilot hardware.

Business

Allergan revenue rises 4.4 percent; company expands buyback

Shares of Allergan (AGN) were falling in mid-morning trading on Wednesday after the company posted weaker-than-anticipated 2016 third quarter results and gave a disappointing forecast for the year. The company expects total net revenues in the range of $14.45 billion to $14.65 billion. Analysts are modeling adjusted earnings of $13.91 per share on revenue of $14.73 billion.

Business

Elon Musk unveils integrated solar roof

And they look strikingly like old-fashioned roof tiles , coming in a four distinct styles: "Textured Glass Tile", "Tuscan Glass Tile", "Smooth Glass Tile" and "Slate Glass Tile". In the last 120 days, the company has raised around $1 billion to fund solar projects, Tesla said. Talking to reporters after the event, Musk said that the Tesla and SolarCity vision of the future is "very unwieldy if we're not a combined company".

Business

BoE's Carney Staying On To 2019

When he took up the post in 2013, it was agreed that Mr Carney would serve an initial five-year term with the option of another three years. "The prime minister clearly recognises the Bank had a plan for the aftermath of the Brexit vote when the government didn't", Jonathan Reynolds MP told IBTimes UK last night (31 October).

Business

Vetr Inc. Downgrades Nike Inc. (NKE) to Buy

Piper Jaffray Cos. reaffirmed a "neutral" rating and issued a $53.00 target price on shares of Nike in a research report on Wednesday, October 12th. As stated above, it has an EPS growth projection for the next five years of 12.18%. The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd.

Business

Weld: Comey, FBI 'off the reservation'

Tuesday night on The Rachel Maddow show , the former Republican governor of MA gave his most pro-Clinton interview yet, saying "I'm here vouching for Mrs. The statements from Weld are a significant departure from the Libertarian strategy, which aimed to capitalize on the unpopularity of both major party candidates.

Business

Block AT&T takeover of Time Warner: call rings out

The stock traded at a price of $36.88 and declined by 1.62% during the trading session. AT&T Inc Chief Executive Randall Stephenson said on Monday that he expects government clearances for the transaction, which the company sees closing by the end of 2017.

Business

Mercedes-Benz S-Class to introduce next-gen in-line six-cylinder engines

This 2.0-litre, 4-cylinder unit produces around 136PS of power and employs twin-scroll turbochargers and a belt-driven 48V starter-alternator (BSA), which helps in fuel-saving hybrid functions. The new engine also has lower emissions than the 3.0-litre V6 engine featured in the S400. The new inline-4 engines are capable of delivering approximately 134 horsepower per liter of displacement , meaning a potential peak output of around 268 hp.

Business

Speed up customer service with Twitter's new features

Twitter is rolling out two features to improve interactions between businesses and consumers, it said on Tuesday. Micro-blogging website Twitter on Wednesday rolled out quick replies and welcome messages in Direct Messages to speed up customer service and enhance the conversational experiences between businesses and people online.

Business

CONSOL Energy Inc. (NYSE:CNX)

US shale oil production is expected to fall for a 12th consecutive month in November , according to a USA government forecast, on the back of a two-year global rout in oil markets, leading several oil and gas companies to sell assets or revisit deals with other companies.

Business

Twitter Inc. (TWTR) Price Target Raised to $18.00 at Canaccord Genuity

A number of analysts rated the stock as well: 2 analysts believe that the stock is a STRONG BUY while 4 reported it as Buy.27 analysts assigned a HOLD rating, 6 said it's UNDERPERFORM and 3 say that this stock is a SELL. They now have a Dollars 20 price target on the stock. In other news, insider Adam Messinger sold 4,901 shares of the business's stock in a transaction that occurred on Monday, October 3rd.

Business

FBI obtains warrant to search newly found emails related to Clinton

A slew of prominent Republicans, including former CT congressman Chris Shays, have denounced Trump's candidacy. Most analysts say Clinton has more routes to that number than Trump and can without Florida in her column. The numbers show that Clinton is viewed more favorably by 46 percent of registered voters and is viewed unfavorably by 52 percent, giving her net favorability of minus six.

Business

Oil falls as non-OPEC yet to pledge concrete oil output steps

The price for Brent crude oil, now in the January contract, rose 0.9 percent to open in NY at $49.06 per barrel. Non-OPEC nations sending representatives to Saturday's talks are Russia, Kazakhstan, Mexico, Oman, Azerbaijan, Brazil and Bolivia.

Business

Here's Why Brookdale Senior Living Plummeted 19.2% Today

Brookdale Senior Living Inc.is headquartered in Brentwood, Tennessee. Clegg Jackie M accumulated 1,500 shares in the company at a per-share price of $15.56 and ended up spending $23,340 in the investment. Brookdale Senior Living , Inc. The company reported ($0.19) EPS for the quarter, missing the Zacks' consensus estimate of $0.59 by $0.78. As for as concerns shares volumes, in share of capital Neovasc Inc.'s (NASDAQ:NVCN) 59.98 million shares have been floated in market exchange.

Business

Dorsey's Square posts jump in revenue, raises full-year forecast

Square also said it processed more than 35,000 business loans as part of Square Capital for a total of $208 million, which was up about 70 percent compared to the third quarter previous year. Evercore ISI boosted their target price on Square from $7.00 to $8.00 and gave the company a "hold" rating in a report on Thursday, August 4th. Year to date, shares of Square have fallen 15% compared to the S&P 500's gain of 3%.

Business

Investor's Watch List: Centurylink Inc (NYSE:CTL), Nabors Industries Ltd. (NYSE:NBR)

State Treasurer State of MI now owns 113,163 shares of the company's stock valued at $1,137,000 after buying an additional 800 shares in the last quarter. The JV, anticipated to commence in second-quarter 2017, will leverage Nabors' established business in Saudi Arabia to begin operations, with a focus on the kingdom's existing and future onshore fields.

Business

24 injured in American Airlines engine fire

The aircraft, registration N345AN, was operating a flight to Miami but aborted takeoff and stopped on the runway. Several people were injured, the severity of those injuries is not clear at this time, according to local news channel ABC7.


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