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Business

Special relationship with United Kingdom can always be closer, says White House

Differences over genetically modified food, on meat production and public-sector procurement, and fears in Britain that USA companies might want to buy into its prized public health service could all hamper any swift movement on a deal. British Prime Minister Theresa May said last week that Britain would leave the single market when it pulls out of the European Union in a clean break with the other 27 European Union members, rejecting the option of a Norway-style relationship.

Business

Harvard Endowment to Cut Staff by Half, Outsource Investments

Harvard University is overhauling the way it manages its $35 billion-plus endowment - including cutting more than 100 money managers from its payroll. "Therefore, we have made some important but very hard decisions". Harvard Management Company also announced Wednesday that it's hired a new chief investment officer, Rick Slocum, and brought on three new managing directors onto its investment team.

Business

Committee OKs Tillerson For Secretary Of State

After Elon Musk participated in the Trump Tech Meeting and was added to the Strategic and Policy Forum of business leaders, Tesla Motors Inc. Commenting on Twitter about a December article in The Economist (paywall), Musk agreed Tillerson "could be one of the more competent members of Donald Trump's cabinet" (which in some circles, it should be noted, may sound like a backhanded compliment).

Business

Norfolk Southern (NSC) Beats on Q4 Earnings January 25, 2017

Zacks Investment Research raised Norfolk Souther Corporation from a hold rating to a buy rating and set a $109.00 target price on the stock in a research note on Friday, October 7th. NSC reported fourth-quarter 2016 earnings of $1.42 per share that beat the Zacks Consensus Estimate of $1.38. The estimated EPS for the current quarter is said to be $1.38.

Business

EBay Shares Advance on In-Line Fourth-Quarter Results

Analysts on average were expecting a profit of 50 cents per share and revenue of $2.21-billion. E-commerce powerhouse eBay ( EBAY ) reported fourth-quarter earnings after the close Wednesday that met Wall Street expectations on the top and bottom lines for the key holiday shopping season, and shares jumped after hours.

Business

The Australian Dollar Knocked by Inflation Shock

Statistics New Zealand said on Thursday that the consumer price index rose 0.4 per cent in the final quarter of 2016, raising annual inflation to 1.3 per cent. The trade-weighted index rose to 79.68 from 79.34, while the kiwi rose to 96.31 Australian cents from 95.96 cents. Both the headline and underlying measures of inflation have been below the Reserve Bank's favoured target band since September 2014.

Business

Death toll from tornadoes, storms reaches 18 in Southeast

A Georgia Emergency Management Agency spokesman told NBC News on Tuesday their teams were still working to assess the extent of the damage across the 16 counties. Flash flood watches were issued for southern California through late Monday, with hail and thunderstorms forecast after a Pacific storm system dropped 4 inches (10 cm) of rain on Los Angeles over three days, the NWS reported.

Business

Wall Street edges higher as earnings kick into high gear

The recent drive to 20,000 has been powered by the surprise election of Donald Trump as USA president. "It and other major stock indexes like the Standard & Poor's 500 have two key features that ensure that they will continually rise and break new zero-filled records: They ignore inflation and are heavily curated".

Business

Bob Evans Selling Off More Than 500 Restaurants

The company expects both deals to close within the next three months, or before its current fiscal year ends. It says the head of BEF Foods, Mike Townsley, will become Bob Evans president and chief executive. "Furthermore, P.F.P.C. comes with a 900 acre potato farm and is surrounded by an additional 55,000+ acres of annual potato production". Shares of Bob Evans Farms jumped 13.7 percent to $54.50 in extended trading on Tuesday.

Business

Recent analysts Ratings: General Motors Company (NYSE:GM)

Ford Motor Company (NYSE:F) performance over the past one year soared 14.42% whereas its year to date (YTD) performance indicated a bullish trend of 5.63%. The ex-dividend date of this dividend is Wednesday, January 18th. LS Investment Advisors LLC boosted its position in shares of General Motors Company by 6.7% in the second quarter.

Business

NY approves 90 megawatt wind farm off Long Island

Under the agreement, NY has only agreed to pay only for "energy delivered", leaving Deepwater Wind to cover all expenses that stem from maintenance and construction of what will be known officially as the South Fork Wind Farm. Deepwater Wind has enough space at their site 30 miles off of Montauk to install 200 turbines, and received a 30-year lease on the 256-square-acre site in 2013 from the federal Bureau of Ocean Energy Management.

Business

Cisco swoops on £3 billion apps start-up

AppDynamics was valued at 1.8 billion dollars in a private funding that closed in 2015. As a effect, shares of software firm New Relic (NEWR), which competes to some extent with AppDynamics , are up up $4.62, or nearly 14%, at $37.92, as some believe the purchase validates New Relic's market and its potential take-out value.

Business

SAS Enters Agreement to Sell Cimber and 11 CRJ900s

Cimber already has a fleet of 11 CRJ900s, CityJet said in its news release announcing the acquisition. Bombardier and the Irish regional carrier Cityjet have signed a conditional purchase agreement for up to 10 CRJ900 aircraft from the Canadian plane maker.

Business

Trump adviser Steve Schwarzman: Canada not a target of United States trade reform

The Mexican president listed 10 items Mexico would defend during talks with Trump, including respect for the rights and dignity of Mexicans living in the US, safeguarding the free flow of remittances and the ending illegal shipments of arms and money from the U.S.to Mexico.

Business

Post-election rally pushes Dow to 20K for first time in history

After a slack start to the year for global markets, USA traders took up the reins Tuesday to press on with the November-December Trump rally after the tycoon gave the green light to two big oil pipeline deals. For the Dow, an index of 30 large publicly traded companies, topping the 20,000 level holds more symbolic than practical value. Markets responded after Trump issued executive actions on Tuesday advancing the construction of the $8 billion Keystone XL Pipeline and the proposed $3.7 ...

Business

Padma Vibhushan for Yesudas

Shri Yesudas is conferred with Padma Vibhushan. Recent months brought worth pondering moments for India as PV Sindhu broke records with a gold medal at Rio Olympics and MS Dhoni resigned from captaincy in the Indian Cricket team. Journalist and writer Cho Ramaswamy, who passed away last month, has been named for the Padma Bhushan posthumously. There is also Sukri Bommagowda, known as the nightingale of the Halakki Vokkalga tribe, one of the three aboriginal tribes of the Uttara Kannada ...

Business

Targeted Stocks QUALCOMM Incorporated (NASDAQ:QCOM) , Adobe Systems Incorporated (NASDAQ:ADBE)

Bronstein, Gewirtz& Grossman, LLC notifies investors that a class action lawsuit has been filed against QUALCOMM Incorporated (QCOM) and certain of its officers, on behalf of shareholders who purchased Qualcomm securities between February 1, 2012, and January 17, 2017, both dates inclusive.

Business

(NYSE:BA) profits hurt after drop in military planes delivery

Many analysts are providing their Estimated Earnings analysis for The Boeing Company and for the current quarter 19 analysts have projected that the stock could give an Average Earnings estimate of $2.35/share. During the quarter, the company repurchased 3.7 million shares for $500 million and paid $672 million in dividends. For revenue, Boeing generated $23.3 billion against analysts' expectations of $23.1 billion.

Business

Kroger stores hiring 10000 workers

While the statistics sound impressive, the number of jobs being filled by the company is lower than past year when Kroger hired 12,000 new employees. Cincinnati-based Kroger is a "place where you can come for a job and stay for a career", said Tim Massa, Kroger's group VP of human resources and labor relations, in a statement on Monday.

Business

Yesterday Buzzers: Corning Incorporated (NYSE:GLW) , II-VI Incorporated (NASDAQ:IIVI)

Goldman Sachs Group, Inc. They issued a "buy" rating and a $61.00 price target for the company. Guggenheim initiated coverage on Corning in a report on Wednesday, January 4th. TRADEMARK VIOLATION NOTICE: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of United States & worldwide trademark and copyright laws.

Business

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.


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