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Business

Theranos slashes its workforce, again - 155 people just got a pink slip

It's the second wave of layoffs for Theranos, which previously in October fired 340 workers and said it would close its testing labs. Theranos, once deemed to be worth as much as $9 billion, formed in 2003 as a cheaper, more efficient alternatives to traditional medical tests.

Business

Comprehensive Stock Analysis of: Mondelez International, Inc. (NASDAQ:MDLZ)

A number of brokerages recently weighed in on MDLZ. Tradewinds Capital Limited Company accumulated 2,172 shares or 0.07% of the stock. Principal Financial Group Inc. Berenberg is following shares of Mondelez International, Inc. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th.

Business

Indian Point Nuclear Power Plant To Close By 2021, Reports Say

A person familiar with the agreement but not authorized to speak publicly confirmed the agreement on the condition of anonymity to The Associated Press on Friday. While the governor a year ago pushed for billions in state subsidies to help keep upstate nuclear plants afloat as part of the state's Clean Energy Standard, he has maintained that Indian Point poses too great a risk considering its location near New York City.

Business

VW reaches agreement on fix for some 2.0-liter diesels

That settlement set aside approximately $10 billion to buy back 2.0L diesels at the price the cars were worth before the scandal was made public, as well as compensate each purchaser with somewhere between $5,100 and $10,000, depending on the make and model of the vehicle.

Business

JPMorgan Chase & Co., Schlumberger Limited

The consensus recommendation by Thomson Reuters analysts is 1.57 and their mean rating for the stock is 2.27 on scale of 1-5. Historical Quarterly Earnings: Last quarter, JPMorgan Chase & Co. Vetr raised shares of J P Morgan Chase & Co from a "hold" rating to a "buy" rating and set a $70.76 price objective on the stock in a research report on Monday, October 17th.

Business

Has $44875000 Position in McDonald's Corporation (MCD)

Finally, Wells Fargo & Company restated a "market perform" rating on shares of McDonald's Corporation in a research report on Tuesday, October 18th. Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $127.96 while their mean recommendation is 2.50 (1=Buy, 5=sell).

Business

Cisco Systems, Inc. (NASDAQ:CSCO): Updated Analyst Ratings

Over the past five trading sessions it is -0.82%; 2.17% for the month; -4.5% for the last quarter; 5.84% for the past six-months; and 19.1% for the last 12 months. The number of shares now owned by investors are 575.3 mln. The transaction was disclosed in a filing with the SEC, which is available through this link .

Business

Judge rules Sanofi, Regeneron can not sell PCSK9 inhibitor in the US

US -based Regeneron and France-based Sanofi jointly developed the cholesterol-fighting Praluent, which works by blocking the PCSK9 protein. As it stands, Sanofi and Regeneron will be banned from "marketing, selling or manufacturing" their Praluent (alirocumab) drug in the USA in 30 days, unless they are able to successfully appeal the verdict.

Business

Dragonfire Consortium To Develop Laser Weapon For UK MoD

Want more updates from Gizmodo UK? Peter Cooper, from the UK's Defence Science and Technology Laboratory, said the project "draws on innovative research into high-power lasers". "In spite of often adverse weather conditions, including heavy rain and storms, the system was able to successfully track all the targets involved in the trials", said the firm.

Business

Polaroid Pop sports a 20-megapixel sensor

These images are printed by the Zero Ink printer built into the camera and it also features on the Snap and Snap Touch. Users can hook up to the camera through the companion smartphone app to edit and print photos from their device, with a few filters, stickers and effects thrown in if they are looking to get creative.

Business

Boeing's Deliveries in 2016 Hit Target but Orders Fail to Keep Pace

The full year total was 748, with 490 737s, 137 787s and 99 777s delivered. It's hard to top a record year for airplane deliveries, and that was certainly the case for Boeing in 2016. Boeing's European rival, Airbus , will release its full year order and delivery tally on January 11. The company ended the year with a backlog of 5,715 jets, and with its 787 Dreamliner now past 500 deliveries the complex and at times over-cost program is finally moving towards profitability.

Business

Yahoo Finance Tweets N-Word by Mistake; Twitter Pounces

When you're in the publishing business, whether online or print, typos are an occupational hazard; we know that here as well as anyone. Yahoo Finance posted a tweet just after 11 p.m. We say this, because of a huge "Oops!" moment from the folks at Yahoo! See who else had the biggest highs and lows of 2016 as Vh1 staffers discuss in the video below.

Business

Nasdaq ends at record; S&P 500, Dow close lower as financials tumble

The blue-chip index struggled to pass through the psychologically important 20,000 level for weeks. The Nasdaq popped 0.6%, which was good enough for a new all-time high. For the month, the labor market added 156,000 jobs. The figures capped a year of slower but solid hiring and were the last major snapshot of the economy before President-elect Donald Trump enters the White House.

Business

Yuan rises on stronger midpoint, offshore yuan strength

Overnight Hibor for the offshore yuan rose to 38.3 percent on Thursday, up from 17.76 percent on Tuesday and 16.95 percent on Wednesday. "It's probably more of a response to concerns of an accelerated rate of outflow if the yuan is allowed to weaken past 7 per the dollar", UOB's currency team said in a report yesterday.

Business

Republicans name first targets in drive to repeal Obama regs

Rep. Tom Marino (R-Pa.) said Republicans have made regulatory reform a priority in the new Congress. The vote came as GOP leaders said their top regulatory targets will be Obama's rules to reduce methane emissions and lessen the environmental impact of coal mining on nearby streams.

Business

Trump tweets jolt shares of targeted companies

It's questionable whether the new U.S. president has a grasp of how many vehicles Toyota builds in the U.S.", Japanese Finance Minister Taro Aso said in response to Trump's tweet. "No way!" Trump said in a tweet Thursday afternoon. Trump, who assumes power in 15 days, assailed USA trade deals during his lengthy presidential campaign, including the 1994 North American Free Trade Agreement the US has with Mexico and Canada .

Business

Fort Lauderdale Airport Shooting Leaves Multiple People Dead, Wounded

The alleged gunman who killed at least five people at the Fort Lauderdale airport was born in New Jersey and was happy after the recent birth of a son, said his aunt, who lives in Union City. No other information was immediately available. Authorities believe there was only one person involved in the shooting . Ari Fleischer , a former White House press secretary, said he was at the airport and " everyone was running " when shots were fired.

Business

Barclays Gives Tullow Oil Price Target With Potential 10.77% Upside

Tullow Oil plc LON:TLW has a 50 day moving average of 296.31 GBX and a 200 Day Moving Average share price is recorded at 255.12 GBX. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. Tullow Oil plc (TUWLF ) was Downgraded by Macquarie to " Neutral". Tullow slashed full-year spending budget in November and lowered the forecast for its oil production in West Africa, even as a delay in ramping up output at TEN oil fields also weighed on outlook.

Business

Time Warner Shares Drop on Reported Trump Dislike of AT&T Deal

Time Warner owns just one station, WPCH-TV, an independent station in Atlanta that is actually managed by Meredith Corp. under a contract agreement. The Justice Department has to prove a proposed deal harms competition in order to block it.

Business

The Jennison Associates LLC invests in Shake Shack Inc. (SHAK) Shares

Currently, the stock has a 1 Year Price Target of $39.64. We will reconsider our rating on a pull-back or if we gain confidence in material upside to Street forecasts. The Return on Investment and Return on Equity (ROE) values are 4.3 percent and 0.1 percent, respectively. Shake Shack has retained Russell Reynolds to initiate an immediate search to fill the void.

Business

Vetr Inc. Lowers General Motors Company (GM) to Hold

On average, equities research analysts predict that General Motors Company will post $6.01 earnings per share for the current fiscal year. LLC increased its stake in General Motors Company by 313.7% in the third quarter. The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. If you are viewing this story on another domain, it was stolen and republished in violation of United States and worldwide copyright legislation.

Business

NY governor unveils $10B JFK airport upgrade plan

Kennedy International Airport and improve the roads and mass transit that feed it. It would also redesign internal roadways to eliminate bottlenecks, centralize parking lots and revamp amenities, Cuomo said at a luncheon sponsored by the Association for a Better New York, a development industry group.

Business

NewsAlert: Canada adds 53700 jobs in December, unemployment rate at 6.9%: Statcan

The Canadian economy unexpectedly added 53,700 new jobs in December, all of them full-time, while the unemployment rate edged up as more people sought work, Statistics Canada data indicated on Friday. Employment increased by over 50,000 in the services sector with gains concentrated in the professional, scientific and technical services sector. Overall employment increased by 214,000 for 2016, the strongest rate of increase since 2012.

Business

Goel congratulates Kohli on being appointed fulltime skipper

Back in 2014-15, when he retired from Test cricket after the Melbourne Test, Dhoni stayed back in Australia to prepare himself for the ICC World Cup. It was thought that Dhoni would captain the side in Champions Trophy 2017 which will be played in England.

Business

Bank of New York Mellon Corp Boosts Position in Archrock, Inc. (AROC)

The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Mitchell E. Harris sold 28,779 shares of the stock in a transaction on Monday, October 24th. The Market Capitalization of the company stands at 51.46 Billion. The stock of Bank of New York Mellon Corp (NYSE:BK) has "Outperform" rating given on Friday, October 21 by Keefe Bruyette & Woods.

Business

China docked advanced nuclear submarine in Karachi harbour

China had docked submarines in Colombo in 2014 and off Karachi port in May 2015, while an official statement from the country had stated that its presence in the Indian Ocean was not directed at a third party, The Economic Times reported.

Business

Potash Corporation of Saskatchewan Inc. (POT) Cut to "Buy" at Vetr Inc

Camelot Portfolios LLC raised its position in shares of Potash Corporation of Saskatchewan by 2.8% in the second quarter. The company's stock now has 15.87 Billion in market capitalization. The fertilizer maker reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Potash Corporation of Saskatchewan had a net margin of 10.06% and a return on equity of 6.94%.

Business

Voyages of Discovery and Swan Hellenic parent company ceases trading

Travellers stuck overseas will be helped to return home with help from the Civil Aviation Authority. Meanwhile, CMV has set up a special number for agents who are trying to find alternatives for All Leisure customers, and is offering a 5% bonus uplift on basic commission.

Business

Zacks Provided 1.54 Rating to The Charles Schwab Corporation (NYSE:SCHW)

A number of Wall Street analysts recently commented on the stock. Financial Architects Inc raised its stake in The Charles Schwab Corporation by 10.6% in the third quarter. COPYRIGHT VIOLATION WARNING: This piece of content was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was stolen and republished in violation of United States & worldwide copyright & trademark legislation.

Business

J.C. Penney Holiday Sales Fall, Shares Slide

Over the last 3 months and over the last 6 months, the shares of J. C. Penney Company, Inc. The 19 analysts offering 12-month price forecasts for J C Penney Company Inc have a median target of 11.00, with a high estimate of 16.00 and a low estimate of 7.00.

Business

Yields fall after uncertain tone in Fed minutes

Uncertainty over the path of USA fiscal policy weighed heavily on the Fed's discussion of the economy and the path of monetary policy when it made a decision to lift rates last month, minutes from that meeting showed. The ADP National Employment Report showed that US private employers added 153,000 jobs last month, below economists' expectations for a gain of 170,000.

Business

Sisters kicked off Allegiant flight miss last chance to see dying father

Trisha Baker and Debbie Hartman were leaving Orlando on Allegiant Airlines to visit their ailing 84-year-old father in a hospice in Asheville, North Carolina , Monday. The two sisters were escorted off the flight by security. Allegiant Air told NBC News it was investigating the matter. "They told us we were a threat to the flight".

Business

How will India's cash ban affect GDP?

The Indian economy is expected to grow 7.1 per cent in 2016-17, the Central Statistics Office (CSO) said on Friday. Among the services sectors, public expenditure is expected to grow 12.8% compared with 6.6% previous year. "In our existing budget calendar, the authorization of expenditure comes with the onset of the monsoon". The growth in GDP during 2016-17 is estimated at 7.1 percent as compared to the growth rate of 7.6 percent in 2015-16, according to First Advance estimates of ...

Business

US Cancer Deaths Have Dropped by 25 Percent Since 1991

Cancer has slowly become less deadly in the United States over the past 25 years, according to numbers from the American Cancer Society . The reports tell about the major change in the death rate. Men have seen slightly steeper declines than women in cancer deaths - drops of 31% vs. 21% between 1991 and 2014. The federal law requires insurers to pay the full cost of cancer screenings.

Business

Popular Financial stock to Observe: U.S. Bancorp's (USB)

Seven Eight Capital LLC now owns 4,200 shares of the financial services provider's stock worth $169,000 after buying an additional 3,400 shares in the last quarter. The Return on Assets stands at 1.3%, Return on Equity shows 13.5% and Return on Investment value is 10.7%. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.35 billion.


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