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Massive Pittsburgh area mall sold for $100

Wells Fargo Bank, the company that foreclosed on the mall past year when its owners failed to make payments on a $143 million loan, is the new owner. The bank was the only bidder for the property at the auction, the station reported, adding that Wells Fargo "essentially brought the mall from itself".

Business

Avaya files for Chapter 11 bankruptcy, won't sell contact center assets

Avaya Ends Speculation, Files for Bankruptcy Protection Looks to Chapter 11 restructuring as the way to position all businesses for future success, CEO says . Avaya said that it continues to hold negotiations with other unnamed parties to sell off other assets in an effort to maximize stakeholder value.

Business

Will Gold Take Its Next Cue From Interest Rates Or Trump?

Federal Reserve Chairwoman Janet Yellen said the central bank should not follow a simple policy rule. But deciding when to move and by how much "will not be easy", she said. Economists are expecting at least two rate hikes in the United States this year. She said risks to financial stability in the United States were "moderate", and the central bank is watching for new policies from the incoming administration of President-elect Donald Trump and how they might change the Fed outlook.

Business

MGIC Investment Corporation (MTG) Stake Reduced by Oxbow Advisors LLC

Platinum Investment Management Ltd. boosted its position in MGIC Investment Corporation by 5.3% in the second quarter. This insider holds 866,094 shares with a market value around $8634957.18 as of recent close. MGIC Investment Corp . had a return on equity of 16.64% and a net margin of 32.02%. MGIC Investment Corporation's revenue for the quarter was up 1.6% compared to the same quarter past year.

Business

Trump hours away from world's most powerful job

Some estimate more than a million people will be in the nation's capitol for the events. Many cited President-Elect Trump's divisive rhetoric. Here's a look at how President-elect Trump is spending his final hours before taking office.

Business

Western Union settles federal charges of aiding fraud for $586 million

Department of Justice said Thursday. The agreement closes the book on investigations by various divisions at the Justice Department, the Federal Trade Commission, and the Treasury Department's Financial Crimes Enforcement Network (FinCEN).

Business

Elliott Sparks Rally in NRG Energy; Even Better One in its Yieldco

Elliott, partnering with Bluescape Energy Partners, said they said they own 9.4% of the company and want NRG to consider "strategic initiatives", but didn't say what those would be. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.63 on scale of 1-5. The Insider Ownership of the company now is 0.5 percent, and Institutional Ownership is 96.8 percent.

Business

What the best inaugural addresses have in common

The data could signal a lack of enthusiasm for the swearing-in of a historically unpopular president, yet Trump has repeatedly promised an occasion unlike any other. Already the White House feels emptier. Obama was more measured. The White House florist creates fresh arrangements. Following the elimination of the "wet-foot, dry-foot" policy on Cuban immigrants last week, Obama said the decision was made largely due to the growing relationship between the US and Cuba.

Business

Royal Mail hit by sharp drop in letter posting over Christmas

The FTSE 100-listed company said that in the nine months to 25 December, total revenue fell flat year-on-year, while revenue from the group's UKPIL division was 2% lower than in the corresponding period last year. The General Logistics Systems division saw revenue rise 9% on the back of an 8% increase in volumes, though performance compared to the previous year was helped by the timing of Easter.

Business

Liquidity ratio analysis: Marathon Oil Corporation's (MRO)

Marathon Oil Corp. had a negative return on equity of 4.91% and a negative net margin of 32.98%. In the liquidity ratio analysis; quick ratio for most recent quarter was 2.00 while current ratio for time period was 2.20. ( NYSE:OXY ) traded down 0.84% during midday trading on Thursday, reaching $68.74. One quarter earlier, revenue for the stock was at $16.79 billion, with earnings at $1.07/share.

Business

Stock to Track: Pier 1 Imports Inc (NYSE:PIR)

A total of 5,711,600 shares exchanged hands, whereas the company's average trading volume stands at 2.98M shares. Finally, Telsey Advisory Group upped their price target on Pier 1 Imports from $4.50 to $5.00 and gave the company a "market perform" rating in a research note on Thursday, September 29th.

Business

Check Point Software Technologies Ltd. (CHKP) Releases FY17 Earnings Guidance

The rating was downgraded by Deutsche Bank to "Hold" on Thursday, June 16. Check Point Software Technologies has a consensus rating of Hold and an average target price of $92.59. 10/31/2016 - Check Point Software Technologies Ltd . had its " rating reiterated by analysts at Macquarie. The company earned $428 million during the quarter, compared to analysts' expectations of $422.79 million.

Business

Optimism, but uncertainty too: BofC on economy

BoC is likely to closely observe potential harm to the Canadian economy from possible protectionist US trade measures under the Trump administration but is waiting for more details before incorporating those risks into its official forecasts for Canadian economic growth.

Business

Uber Settles Big Driver Exploitation Case For $20 Million

The company said on its website that some Uber drivers made more than $90,000 in NY and $74,000 in San Francisco when the real earnings were $61,000 and $53,000, respectively, the Federal Trade Commission said in a statement . The FTC suit claims this wasn't the case at all - in fact, Uber had "no basis" for these statements . "Despite the claims that Drivers can make low weekly payments, the median weekly payment for Uber Drivers who entered into a lease from late 2013 through at least ...

Business

American Express Q4 Profit Down

Companywide revenue fell 4% to $8 billion, but still beat the FactSet consensus of $7.9 billion. For the full year Amex posted EPS of $5.65 and revenues of $32.12 billion compared with EPS in 2015 of $5.05 and annual revenues of $32.82 billion.

Business

Morgan Stanley (NYSE:MS) Earns 14 Analysts Hold Rating

The company also generated strong financial numbers, when compared to the same period previous year. Morgan Stanley also enrolled several other records in the final quarter of 2016, supported by its smart business strategies and diversified business model.

Business

Yes Bank Q3 profit jumps 30 percent, beats estimates

The company's other income dropped 21.4 per cent QoQ at Rs 27.62 crore. Net interest income (NII), or the core income a bank earns by giving loans, increased 14.1% to Rs190.62 crore from Rs167.07 crore previous year. Other income (comprising fee, trading profit and miscellaneous income) rose to Rs 3,400 crore as against Rs 2,338 crore during the same period a year ago.

Business

IBM reports better-than-expected fourth-quarter results; forecast beats

It's probably also worth saying that if the company has been a dividend payer for less then 10 years I don't yet consider it to be a pure "dividend" stock, instead I will think of the dividend as a part of a wider investment thesis. Morgan Stanley has "Overweight" rating and $179 price target. If you are viewing this report on another site, it was illegally stolen and reposted in violation of global trademark & copyright legislation.

Business

Is there Upside to Mead Johnson Nutrition Company (NYSE:MJN) Stock?

Feltz Wealth PLAN Inc. acquired a new position in shares of Mead Johnson Nutrition during the second quarter worth about $180,000. They do not ponder or echo the certified policy or position of any business stakeholders, financial specialists, or economic analysts.

Business

Valeant Pharmaceuticals International, Inc. (NYSE:VRX):Brokerage Firm Rating Analysis

The stock was bought at an average cost of $14.73 per share, for a total transaction of $73,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . According to Zacks brokerage recommendations, Valeant Pharmaceuticals International, Inc. Earnings Estimates for Valeant Pharmaceuticals International, Inc.

Business

Richard Sherman Played Through MCL Injury

The league had already handed down a fifth-round forfeiture to the Seahawks on September 19 for a repeat violation of rules governing offseason workouts. What some Patriots fans may forget, though, is that the franchise did roughly the same thing with a Randy Moss injury during the 2009 National Football League season.

Business

Oracle Corporation (NYSE:ORCL) Analyst Estimates

Ngam Advisors L.P. boosted its stake in Oracle Corporation by 9.2% in the second quarter. The number of shares now owned by investors are 4.1 bln. Stralem & Co. 36 Analysts reported that the Price Target for Oracle Corporation might touch $52 high while the Average Price Target and Low price Target is $43.97 and $31 respectively.

Business

Pound surges after Theresa May speech

A break above the 1.7252 highs, however, would provide important corroborative evidence sanctioning a change of the short-term trend, as it would indicate a change in the market structure and rising highs and lows. The announcement came after 18 months of cost-cutting and restructuring. Sterling sentiment was also improved today by comments from Barclays chief executive Jes Staley who said that London will remain the "financial lungs of Europe" .

Business

Digging Up the Facts on Cabot Oil & Gas Corporation (COG)

The EPS growth for the past five (5) years shows a value of -60.50%, whilst the EPS value for the next five (5) years shows a figure of 8.40%. COG has been the subject of several recent analyst reports. The average revenue estimate for COG is ~$361.0 million for 4Q16. That value represents a market adjusting for revenues that have been growing by 5.40% on a quarterly year/year basis as of the company's last quarterly report.

Business

College basketball roundup: No. 17 Badgers survive a scare from MI

I knew I was capable of it. "I tried to stay on the attack any way possible". With Michigan trailing by five points at halftime, Wisconsin tallied the first points of the second half, and then the Wolverines caught fire, going on a 17-2 run.

Business

Deutsche Bank Upgraded Comcast Corporation (NASDAQ:CMCSA) To 'Buy'

When the current quarter ends, Wall Street expects Comcast Corporation to have earnings per share of $0.87. Cypress Wealth Advisors LLC now owns 6,676 shares of the cable giant's stock worth $435,000 after buying an additional 63 shares during the period.

Business

Stocks within Traders Limelight: The Allstate Corp., United Continental Holdings Inc

The stock began the session at $73 and the volume stood at 45,69,545 shares. Finally, JPMorgan Chase & Co. cut their target price on shares of United Continental Holdings from $72.00 to $61.50 and set an "overweight" rating for the company in a research report on Wednesday, July 27th.

Business

Next Weeks Broker Price Targets For First Potomac Realty Trust (NYSE:FPO)

Acadia Realty Trust's RSI is 47.33. In Piedmont Office Realty Trust, Inc. Finally, Monashee Investment Management LLC acquired a new position in MedEquities Realty Trust during the third quarter worth approximately $881,000. This represents a $0.24 dividend on an annualized basis and a yield of Infinity. The ex-dividend date is Thursday, December 29th. The current ratio for Digital Realty Trust, Inc.

Business

Bayer and Monsanto commit to $8bn of US R&D after merger

Wal-Mart said it would create 10,000 jobs, equal to less than 1 percent of its USA workforce, this year as part of a $6.8 billion capital spending plan announced in October. Monsanto shareholders last month approved the $66 billion takeover of the USA company by Bayer. The company's share price had risen 0.2 percent in NY toward 1900 GMT.

Business

General Motors complies with SEC order over accounting failures in defect case

General Motors Co. said Wednesday it will pay a $1 million civil penalty as part of a settlement with the U.S. Securities and Exchange Commission related to the regulator's investigation into the automaker's ignition switch recall. According to the SEC's order, publicly traded companies like GM are required publicly assess the likelihood of a recall, disclose financial risks or provide a statement that loss estimates can't be made.

Business

The Delek Logistics Partners, LP (DKL) Shares Sold by BlackRock Advisors LLC

About 897,198 shares traded hands. Last time the company reported, Sunoco Logistics Partners L.P. (SXL) generated $0.16 in earnings per share, missing the consensus estimate of $0.20. was upgraded to "buy" by analysts at Goldman Sachs. The 19 stock analysts following this company have an average price target at $30.25, with individual PT in the $24.00-$44.00 range.

Business

WPX Energy Inc (NYSE:WPX) & BioScrip Inc (NASDAQ:BIOS) Traders Recap

The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink . Previously on 12/13/2016, FBR & Co. released a statement about WPX Energy Inc (NYSE:WPX) increased the target price from $16.00 to $19.00.

Business

Pound To Euro Exchange Rate Jumps After Theresa May's Brexit Speech

Sterling took off on Tuesday, gaining more than 2.6% against the dollar after Prime Minister Theresa May's speech confirming that the United Kingdom will be leaving the single market and opting for a "Hard Brexit". "And that is what we will deliver", May told foreign ambassadors in London . Sturgeon has previously argued that Scotland could retain access to the single market even if the rest of the United Kingdom leaves after the nation voted overwhelming to stay in the European Union in ...

Business

Union Pacific beats Street 4Q forecasts

Bank of Montreal Can acquired a new stake in shares of Union Pacific Corporation during the second quarter valued at $141,246,000. Delphi Private Advisors LLC now owns 1,547 shares of the railroad operator's stock valued at $135,000 after buying an additional 13 shares during the last quarter.

Business

Tight market signs give boost to oil prices

After markets closed Wednesday, the American Petroleum Institute said that US oil inventories fell by 5.0 million barrels in the week ended January 13. The IEA said that if the group sticks to its plan of cutting production, a revival in U.S. production will not be enough to derail the re-balancing process.


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