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Alcoa: Why Its Earnings Miss Doesn't Matter

Gabelli started coverage on ALCOA CORP in a research note on Tuesday, November 1st. Analysts rating the company a 3 indicate a Hold recommendation. Finally, Goldman Sachs Group, Inc. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & worldwide copyright and trademark legislation.

Business

Analyst Research Roundup: Yahoo! Inc. (NASDAQ:YHOO), Cisco Systems, Inc. (NASDAQ:CSCO)

Sell side analysts that regularly cover the stock have provided price targets and recommendations on Yahoo! Inc. 4 given Buy rating to the stock whereas no analyst given UNDERPERFORM rating to stock and 3 analysts given HOLD rating. The Next Day Volume after Earnings was reported as 14.53 Million. If you are reading this story on another site, it was copied illegally and reposted in violation of global trademark & copyright law.

Business

Yahoo Sale to Verizon Pushed Back

Amid the better-than-expected financial performance, Yahoo also announced that it expects to close the $4.8 billion acquisition by Verizon by Q2 2017. The delayed closing is likely related to the fallout from two massive hacking episodes reported after the acquisition was announced in July previous year.

Business

Kamal Haasan speaks to OPS, calls aggressive police action as a mistake

Now, the question is why our Telugu film industry can't react in the same manner to achieve the special category status to Andhra Pradesh, just as Tamil film industry did for Jallikattu . Similarly, some vehicles, including cars, were set on fire by unidentified persons near Nadukuppam. The protesters fearing legal hindrances were demanding a "permanent resolution" of the issue by bringing an amendment to the Prevention of Cruelty to Animals Act.

Business

American Airlines Group, Inc. (NASDAQ:AAL) Price-to-Earnings-Growth Ratio At

American Airlines Group, Inc. has a 1-year low of $24.85 and a 1-year high of $50.64. A beta of 1 indicates that the stock will move with the market. The stock has recently traded $-0.10 away from the 50-day moving average of $47.70. FMR LLC increased its position in American Airlines Group by 28.6% in the second quarter. The Company now has ROA (Return on Assets) of 11.3 percent, Return on Equity (ROE ) of 119 Percent and Return on Investment (ROI ) of 34.9% with Gross margin of 36.1 ...

Business

Noticeable Tech Stock Highlights: Seagate Technology plc's (STX)

According to the analyst this now indicates there is a potential increase of 46.9% from Seagate Technology PLC's current price of 37.44. Receive Seagate Technology PLC News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology PLC with MarketBeat.com's FREE daily email newsletter.

Business

May to Reveal UK Plans on Brexit in Formal Paper

The wording suggested that the people's decision was a direct mandate to the government. The Supreme Court made clear that Parliament had voted-on and approved the 1972 decision to join the European Union, which subsequently incorporated European Law into British Law.

Business

Magellan Midstream Partners L.P. (MMP) Lowered to "Hold" at Vetr Inc

MMP has been the topic of a number of other reports. Investors are keeping a close eye on shares of Magellan Midstream Partners, L.P. (NYSE:MMP). Stifel Nicolaus raised shares of DCP MIDSTREAM from a hold rating to a buy rating and raised their price target for the stock from $32.00 to $42.00 in a research report on Thursday, January 5th.

Business

JPMorgan to become custodian of $1 trillion in BlackRock assets

CT Financial Advisors LLC increased its stake in shares of J P Morgan Chase & Co by 4.2% in the third quarter. Eagle Asset Management Inc. now owns 1,397,694 shares of the financial services provider's stock valued at $86,852,000 after buying an additional 371,541 shares during the period.

Business

AirAsia X cleared to fly to the US

According to Reuters.com, AirAsia X made the announcement following approval from the Federal Aviation Authority (FAA), and plans are already being worked on to develop flight schedules to several destinations in the US, including Hawaii.

Business

Analyst Research Summary: The Procter & Gamble Company (NYSE:PG)

Posada Juan Fernando also sold $313,340 worth of Procter & Gamble Co (NYSE:PG) on Wednesday, September 28. The stock's price moved down its 200-day moving average of $19.78. They now have a Dollars 99 price target on the stock. Leavell Investment Management Inc. increased its stake in shares of Procter & Gamble Co.by 1.4% in the second quarter.

Business

Toledo teen shackled in basement testifies

A 14-year-old girl claims she was handcuffed in the basement on and off for a year by her stepdad Timothy Ciboro , 53, and his 28-year-old son, Esten Ciboro . Timothy Ciboro (right) also faces a second charge of raping a child. She also told police that at times she was forced to eat spoiled leftovers and urinate in a bucket filled with ammonia.

Business

Novartis weighs Alcon spinoff, launches share buyback

In the fourth quarter, for instance, Novartis made several transactions, including buying US -based Selexys Pharmaceuticals in a deal worth up to $665 million, expanding its pipeline of medicines to combat blood diseases. "We have gone upstream, and, if you heard, in the fourth quarter we announced four transactions that were quite early-stage, but they supplement the pipelines of our innovative medicines divisions".

Business

Textron Falls Short On Q4 EPS and Revenues

The company also said it has agreed to acquire Arctic Cat (ACAT), a manufacturer of snowmobiles and all-terrain vehicles, for $247 million plus the assumption of debt. "With our recent product introductions in the outdoor recreational vehicle market under the Stampede name, we believe Arctic Cat . provides an excellent platform to expand our portfolio", Textron said.

Business

WH Smith travel sales offset high street decline

WH Smith said sales at its travel arm, which includes stores at airports, railway stations and motorway service areas, rose by 5% in the 21 weeks to January 21 on a like-for-like basis and by 10% in total. WH Smith has been helped by surging demand for food-on-the go across its travel stores, with growth in total sales within the division also receiving a foreign exchange boost from worldwide business as a result of the fall in the value of sterling.

Business

Banco Santander FY16 Profit Rises, Lifts Dividend; Stock Up

Botín said - " Going forward, we have many opportunities for profitable growth in Europe and the Americas, in an environment we anticipate will be volatile but generally better than 2016 ". That gain was somewhat offset by a fall in the profitability of the United Kingdom operations which tumbled 14.7% over the year to €1.68 billion as the value of the pound collapsed to near-30 year lows in the wake of the Brexit vote in June.

Business

'Everything Pretty Much in line' in United Technologies' Earnings

Revenues rose 2.5% from past year to $14.66 billion, falling short of analysts' $14.71 billion view, however. Following the sale, the vice president now owns 77,172 shares in the company, valued at approximately $4,802,413.56. CWM LLC increased its position in United Technologies Corporation by 5.0% in the second quarter. Fayerweather Charles raised its stake in United Technologies Corporation by 1.9% in the third quarter.

Business

The Zacks Investment Research Upgrades African Barrick Gold Ltd (ABGLF) to Buy

The stock's price fluctuated within the range of $17.72 - $18.35 during previous trading session. The company has a consensus rating of Hold and an average target price of $21.42. Barrick Gold Corporation (NYSE:ABX) has a market capitalization of 20.77 Billion. 12,257,633 shares of the stock traded hands. The 52-week high of the share price is -23.89% and 52-week low of the share price is 129.04%.

Business

Knights of Malta head resigns amid spat with Pope Francis

The showdown reflects broader conflicts inside the Roman Catholic Church, with Pope Francis facing concerted opposition to his efforts to modernise the Holy See and gently unravel the legacy of his conservative predecessors. Mr Boeselager claimed he stopped the condom distribution programmes when he was made aware of them. Numerous order's members had lamented how the confrontation with the Holy See had drawn unwanted negative attention to the order, which relies on donations to fund its ...

Business

47.9%: Obama Had Lower Average Approval Rating Than Nixon or Bush

Fifty-Seven percent of Americans approved of George W. Bush while 25 percent disapproved. Third place goes to another Republican president, George W. Bush (57 percent), while fourth place goes to a Democratic president, Bill Clinton (58 percent).

Business

German Ifo business morale weakens in January

The Ifo headline figure was the lowest since September. ING economist Carsten Brzeski noted that 10 percent of German exports go to the U.S., helping make it Germany's single most important trade partner, and businesses are "getting increasingly concerned about the possible impact from U.S.

Business

Boeing Beats Q4 Forecasts But Gives Cautious 2017 Guidance

Still, revenue slid less than expected in the latest quarter and shares added 1.4% premarket to $162.85. Mizuho Securities USA Inc. bought a new position in Boeing Company (The) during the second quarter worth about $777,000. 2017 revenues are seen between $90.5 and $92.5 billion, which would be below analysts' current view of $92.83 billion. Boeing Company (The) had a net margin of 4.52% and a return on equity of 126.01%.

Business

Documents of three generations of Sharif family submitted in SC: Dr Musadiq

Observing that forgery is a question of fact, Justice Ijazul Ahsan, said there are two aspects to the issue, one being Maryam's dependency on her father and other that she acted as the front man for Sharif and all his properties. Giving an account of her life after marriage with Captain Safdar and her place of residence before the Oct 1999 coup and after her return to Pakistan in 2007, she said she has not been dependent on the PM since her marriage and was certainly not his dependent at the ...

Business

Laws against sexist dress rules must be enforced, say MPs

The Committees launched an inquiry into dress codes in the workplace following a petition launched a year ago by the London worker Nicola Thorp who was sent home for refusing to wear high heels at work. The MPs said they had received a flood of similar "troubling" examples which showed the Equalities Act 2010 was not having the desired effect. "Nevertheless, discriminatory dress codes remain commonplace in some sectors of the economy".

Business

Dow Jones averages 20000, cheers from NYSE floor

As we have said there is a fundamental difference between the traditional model of free trade- where advantage accrues from economies of scale, lifting profitability and- eventually wages - and the desperate search to shift to "margin management" by scouring the earth for the next group of the utterly desperate.

Business

Freeport-McMoRan posts profit, revamps copper ops

For trailing twelve months, EPS value for the stock is $0.50. The Stock now has a Weekly Volatility of 2.92% and Monthly Volatility of 3.53%. Analysts forecast that Freeport-McMoran, Inc. Over the past 50 days, Freeport-McMoRan Inc. stock was 3.65% off of the high and 33.18% removed from the low. (NYSE:FCX)'s stock was 19.18%. Freeport-McMoran, Inc.

Business

Walmart is going to start selling cars because why not?

This program will not kick off until April 1, 2017 and only four markets will have CarSaver locations: Houston, Dallas, Pheonix, and Oklahoma City. Then, once a shopper has found the auto he or she wants to buy, he or she will go and visit a dealership to finalize the purchase.

Business

Yahoo (YHOO) Rebounds, Prospects Are Bright for Verizon Acquisition

On Sunday, the Wall Street Journal noted that the SEC is investigating the security breaches, looking into whether Yahoo should have disclosed the incidents to investors sooner. Still, news of this investigation has caused Yahoo's share price to dip once again as more investors jump ship. Verizon has said it is monitoring Yahoo's ongoing investigation into the security breaches and that the telco will review the findings before deciding on next steps.

Business

Unsafe storms headed to Florida, Georgia prompt historic alert

Seven were killed near Adel, Ga., as a tornado ripped through the Sunshine Acres mobile home park, destroying many of its structures and leaving a muddy grass field strewn with debris. Several thousand had also been without power in MS, where utilities were working to restore service. The weather threat extended Sunday night into the Carolinas and north Florida.

Business

Alibaba's revenue beats estimates on strong Single Day sales

For instance, on 11 November (Singles Day), Alibaba once again smashed its previous record, selling for almost 16 billion euros' worth of merchandise. Sales from Single's Day, held on 11 November each year, rose to 120.7bn yuan (£13.9bn) from 91.2bn a year earlier. Alibaba Group Holding Ltd. raised its full-year sales forecast after quarterly results beat estimates, as Chinese spending stays strong and the company wrings revenue from fledgling areas such as cloud computing, entertainment ...

Business

Analytical Preview of Fifth Third Bancorp (NASDAQ:FITB)

Fifth Third Bancorp had a return on equity of 10.00% and a net margin of 24.69%. Similarly, diluted earnings per share dropped to $0.49 per share, down 25% from the third quarter's $0.65 per share and down 38% from the prior year's $0.79 per share.

Business

President Trump calls for 'major investigation' into voter fraud

After he made the claim the first time , it was thoroughly researched and proven to be demonstrably wrong . In a meeting with congressional leaders Monday, Trump said he lost the popular vote to Hillary Clinton, by nearly three million votes, because of mass voter fraud, USA media reported citing sources at the meeting.

Business

Petra Diamonds Posts Large Jump in Production in Q4

In the duration of 12 months Petra Diamonds Ltd's share price has increased by 0% to 153.5 from 0.00. Despite the positive noises in the market, diamond prices were flat compared to the previous six-month period. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/01/25/liberum-capital-reiterates-buy-rating-for-petra-diamonds-limited-pdl.html.

Business

Sick of living with wife, man robs bank to go to jail

Ripple faces up to 20 years in prison for the robbery. Ripple pleaded guilty without making any plea deal so lawyers are free to argue a fair sentence. He was handed $2,924 but sat in the lobby, and when a security guard approached him, Ripple told him he was the person the guard was looking for, court documents said.

Business

Maruti Suzuki Q3 profit jumps 47 per cent YoY: 5 key takeaways

The net profit increased to Rs 1,744.5 crore for the quarter ended December 31, 2016 from Rs 1,183 crore in the corresponding period of 2015-16. A Reuters poll had projected the automaker's Oct-Dec net to be at Rs 1,747 crore. Its domestic sales volume grew 3.9%, while exports fell 1.4%. The festival period saw Maruti Suzuki achieve large volumes in October 2016, which led to a total unit sales figure of 387, 251 cars sold in Q3'17 (up 3.5% over Q3'16).


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