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National bacon reserves are at 50-year low — CONSUMER ALERT

The low reserve levels are prompting a price increase, Fortune magazine says . Due to the shortage of the fatty breakfast delicacy, bacon eaters might see another rise in pork belly prices. 'Yet our reserves are still depleting'. There is very little danger, he says, of America becoming a bacon-free wasteland. To keep consumers abreast of the issue, the council has set up the page BaconShortage.com , which reassures visitors "the pork industry will not run out of supply".

Business

Profits jump 25 percent at Germany's Siemens

Orders, meanwhile declined in the first quarter. "We will continue to rigorously execute our strategy programme", said Chief Executive and former finance chief Joe Kaeser, under whose stewardship Siemens' past execution blunders and related large one-off charges have largely disappeared.

Business

Worthwhile Stocks: Fitbit Inc. (NYSE:FIT), Endo International plc (NASDAQ:ENDP)

LS Investment Advisors LLC increased its stake in shares of Endo International PLC by 152.3% in the second quarter. Some buy side analysts are also providing their Analysis on Endo International plc , where 3 analysts have rated the stock as Strong buy, 7 analysts have given a Buy signal, 12 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell.

Business

White House freezes out CNN

The MSNBC personality said he didn't think anybody anticipated the backlash that Trump's executive order created but it's something that the White House "better learn quickly". The result was widespread confusion across the country on Saturday as airports struggled to adjust to the new directives. "Scarborough said Washington is in an "uproar" this morning because Miller decided "he was going to do this without going through the regular agency process".

Business

One Stock Analysts Are Watching - Host Hotels & Resorts, Inc. (NYSE:HST)

For the next 5 years, the company is expected to grow by 1.94 percent. The counter witnessed a trading volume of 16.84 million shares versus an average volume of 15.3 million shares during last trading session. EPS ratio determined by looking at last 12 month figures is 0.54. Xenia Hotels & Resorts Inc makes up approx 0.01% of Rhumbline Advisers's portfolio.Winch Advisory Services boosted its stake in XHR in the latest quarter, The investment management firm added 24 additional shares and ...

Business

Sydney to host 'world's richest turf race', eclipsing Melbourne Cup

The 1200-metre race, to be called The Everest, will be conducted along the same lines as last weekend's Pegasus World Cup in the United States, with contenders to pay a whopping $600,000 entry fee to run in the 12-horse field. Chief executive of Racing NSW Peter V'Landys said the race would complement the Melbourne Spring Carnival and provide a great opportunity for owners.

Business

Budget 2017: Government Decides To Abolish FIPB

SJM co-convenor Ashwani Mahajan told CNN-News 18, "The whole world, from the U.S. to the United Kingdom, is getting disillusioned with globalisation but this government has not been able to come out of the idea of globalisation". M&A lawyers say that for all practical objective the FIPB might be merged with Department of Industrial Policy and Promotion (DIPP) that formulates the FDI policy in India.

Business

Anadarko Petroleum Corporation (NASDAQ:APC) To Release Earnings

EST. Fidelity Management and Research Company is the second biggest holder with 31 million shares now valued at 1.99 B million whilst Wellington Management Company LLP has 31 million shares valued at 1.97 B million. Dodge & Cox now owns 9,212,463 shares of the oil and gas development company's stock worth $490,564,000 after buying an additional 9,204,039 shares in the last quarter.

Business

Next Weeks Broker Price Targets For Integrated Device Technology, Inc. (NASDAQ:IDTI)

Phocas Financial Corp. increased its stake in Integrated Device Technology by 6.6% in the third quarter. Institutional investors own 94.23% of the company's stock. The analysts estimated EPS for the higher end at 0.38 and lower end at 0.34 while the year ago reported earnings per share was 0. 5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Integrated Device Technology, Inc .

Business

British government cuts stake in Lloyds to below 5%

The Stock had a 2.25 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.25 and 2.25 respectively. The Low Price target projection by analysts is $2.28 and the Mean Price Target is $2.28. Lloyds Banking Group has 60,810,000,000 shares which are now outstanding with a price of 64.93 calculating Lloyds Banking Group's market capitalisation to 39.48B GBp.

Business

Budget aimed at making people tax compliant: Jaitley

The government proposed injecting at least 100 billion rupees of capital into state-owned lenders and increasing allowable provisions for bad loans. The government said professionals earning up to INR 3 lakh will enjoy zero tax liability and slashed taxes to 5 per cent instead of 10 per cent for individuals earning INR 2.5 - INR 5 lakh a year.

Business

Gunman threat at Istanbul hospital

It said that the situation was under control when police surrounded the hospital, accompanied the hostages out, and convinced the man to surrender. As reported by BBC , the man promised to murder every single person from the room and, after he finishes, he will take his own life.

Business

Stock Seeing Amplified Volume in Session: Marathon Oil Corporation (NYSE:MRO)

Analysts expect that Marathon Petroleum Corporation will post $2.16 earnings per share for the current year. Marathon Oil Corporation (NYSE:MRO) shares now have a mean rating of 2.50 while 5 analysts have recommended the shares as "BUY", 6 commented as "OUTPERFORM" and 18 commented as "HOLD".

Business

Syndicate Bank Q3 net profit at Rs 93.56 cr

Non-interest income was at Rs 3,939 crore in the third quarter of 2016-17 as compared with Rs 4,217 crore a year ago. However, NPAs for the quarter doubled as compared to the past year at Rs.19887.2 crore and sequentially increased by 22%. Bad loans now account for 7.91 per cent of advances, against 4.72 per cent in December past year. The results were announced after market hours. "This increase from 7.5 per cent to 8.5 per cent is not major because if you look at the effective tax rate, it ...

Business

The 10 most valuable Australian brands for 2017

Apple has been dethroned as the most valuable brand in the world by mammoth search engine Google in an annual study of the world's leading brands by Brand Finance . It considered factors such as marketing investment, familiarity, loyalty, staff satisfaction and corporate reputation to determine the values. Google's brand value, on the other hand, went up by 24% over the a year ago taking their brand value to a staggering $109.5bn.

Business

Mallikarjun Kharge attacks govt for proceeding with Budget 2017

The 78-year-old senior parliamentarian from Kerala, who on Tuesday suffered a heart attack and collapsed in Parliament's Central Hall during the joint session of both the houses, died after undergoing treatment at the city-based Ram Manohar Lohia Hospital early on Wednesday.

Business

Thousands rally in Romania against plan to pardon prisoners

The development, which will affect more than 2100 cases under investigation, occurred as several former state officials from the ruling Social Democratic Party (PSD), including its current leader Liviu Dragnea, are facing criminal prosecution over abuse of power.

Business

Union Budget 2017: Merchant enabled Aadhar payment system to be launched shortly

The budget also introduced a new for of digital pay linked to Aadhar cards, called Aadhar Pay. Jaitley also proposed to cut down taxes on PoS machines and ATM machines and tax corrections will be made to encourage domestic manufacturing and cashless transactions.

Business

Aetna sees higher operating earnings in FY17, but below estimates

Mark Bertolini, chairman and chief executive of the company, said Tuesday that Aetna will announce by April 1 whether it plans to stay beyond this year in any of the four states where it sells coverage. Aetna's dividend payout ratio (DPR) is now 14.49%. Aetna , Humana and others have said that because of mounting losses related to that business, they are reducing their exposure this year by limiting the number of plans and geographic areas in which they're offering their health ...

Business

Budget 2017: For the salaried, tax rationalisation remains a distant dream

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18, in Parliament today, said that this Budget is the First combined Budget of Independent India that includes the Railways. In a bid to speed up the flagship "housing for all" scheme, the budget has given infrastructure status to the housing sector. The total allocation for rural, agriculture and allied sectors has been pegged at Rs 187,223 crore, which is 24 per cent higher than ...

Business

Telstra to offer Gigabit LTE with release of new NETGEAR mobile router

The product is the result of a concerted effort between Netgear, Telstra, Qualcomm and Ericsson to create the first product in its class. Telstra is already working on 5G products alongside Ericsson with a 22Gbps test run previous year showing just what we're in for.

Business

Speaker gives approval to present Union Budget

Amid uncertainty surrounding whether the Finance Minister Arun Jaitley will present the Union Budget 2017 or not, after the death of a sitting MP, E Ahamed, the Lok Speaker Sumitra Mahajan announced that the budget will be presented as scheduled.

Business

"Large majority" of unpaid Apple taxes owed to Ireland

Competition Commissioner, Margrethe Vestager has appeared before the Oireachtas Finance Committee after ruling a year ago that the U.S. tech giant owed €13bn in unpaid back taxes. A number of Irish TDs have claimed the Commission is operating outside its remit and is interfering in Irish tax affairs. It's probably the biggest, richest market in the world with unbelievable infrastructure,"she said, adding that she was obliged to look into cases where it suspected that companies and member ...

Business

Analyst Target Review on Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

A number of other brokerages have also recently issued reports on WBA. 01/23/2017 - Walgreens Boots Alliance, Inc . had its "buy" rating reiterated by analysts at Jefferies. The original version of this news story can be accessed at https://www.com-unik.info/2017/01/31/walgreens-boots-alliances-wba-buy-rating-reaffirmed-at-evercore-isi.html.

Business

Keysight to buy Ixia for about $1.6 billion

Several other equities analysts have also issued reports on XXIA . 01/25/2017 - Ixia had its "buy" rating reiterated by analysts at Stifel Nicolaus. Errol Ginsberg, chairman of Ixia , and Katelia Capital Group, who own a combined 23 per cent of Ixia , have agreed to vote their shares for the deal.

Business

Webster Financial Corporation (WBS) to Issue Dividend Increase - $0.25 Per Share

The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 1.78%. The stock has a market cap of $10.51 billion, a P/E ratio of 19.33 and a beta of 1.72. The company now has a consensus rating of "Hold" and an average price target of $42.69. Capital One Financial Corp. makes up approx 0.50% of Smith Graham Investment Advisors Lp's portfolio.First Premier Bank boosted its stake in COF in the latest quarter, The investment management firm added 860 additional shares and ...

Business

US to Admit Over 870 Refugees Granted Waivers by State Dept.

The action created instant chaos at USA airports, and Trump's insistence that he needed to do this to block terrorists from entering the country does not stand up to scrutiny. The worldwide community pledged in the aftermath of World War 2 to offer protection to refugees which formed the basis of the 1951 UN Convention of the Rights of Refugees and its 1967 Protocol.

Business

Arun Jaitley presents Budget 2017 in Parliament

The questions can be asked on Twitter by using hashtag #MyQuestionToFM. Measures must target the digitalisation of mass payments such as salaries, health care and education. "The effects of demonetisation are not expected to spill over to the next year". Out of four engines of the economy, private consumption, private investment and exports are stuttering, but everyone is looking not just for a way out of this mess but also for high growth.

Business

Amazon Plans $1.5 Billion Air Hub Near Cincinnati for Fleet

The first branded Amazon Prime Air cargo jet made its debut in Seattle previous year. So far 16 of these airplanes are flying in the operation, which Amazon calls Prime Air. Amazon's incursion into air freight is part of a major focus on logistics by an e-commerce giant that says it's growing so fast that it needs to complement traditional logistics providers such as FedEx and UPS.

Business

Donald Trump divisive policies continue to roil global stocks and U.S. dollar

Japan's top government spokesman told reporters it was "absolutely not the case" Tokyo was devaluing the yen to gain an unfair trade advantage. Japanese officials quickly defended Tokyo's position. Trump's election in November has boosted hopes for U.S. economic growth and lifted the dollar against the yen, seen as a boon to Japanese exporters.

Business

China official January manufacturing PMI slips to 51.3 from 51.4 in December

New orders and new export orders rose at a faster rate. A figure above 50 indicates expansion, while a reading below that level signals contraction. That was up 0.1 points from December, continuing the solid recovery in what is now the largest component within the Chinese economy. Rising commodity prices and stronger demand have in turn boosted profits for industrial firms, and helped revive inflation expectations worldwide.

Business

Wynn Resorts, Limited (WYNN) Rating Lowered to Sell at Zacks Investment Research

Susquehanna Initiates Coverage On the company's stock to Positive on 10/19/16 with no specific Price Target. Total revenue is projected to rise 23% in 2017, which included the recent opening of the Wynn Palace in Macau. The ex-dividend date of this dividend is Friday, February 10th. 01/27/2017 - Wynn Resorts , Limited was upgraded to " by analysts at UBS. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States and worldwide ...

Business

Mattel, Inc. (MAT) Upgraded at Vetr Inc

Several other brokerages have also recently weighed in on MAT. Mattel, Inc. got Upgrade on 10-Oct-16 where investment firm MKM Partners Upgrade the stock from Neutral to Buy. Mattel, Inc. (NASDAQ:MAT) is -21.10% away from its 52 week high. The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd.

Business

Brexit bill to pass without amendment as Tory rebels back off

Labour and the Lib Dems now believe there is very little chance of getting enough cross-party votes for amendments. If the bill proceeds without amendments, more Labour frontbenchers may have to resign rather than vote in favour of triggering article 50 as the bill stands.

Business

Recent analysts Ratings: PayPal Holdings, Inc. (NASDAQ:PYPL)

The stock tapped a 52-week high of US$4.8 while the mean 12-month price target for the shares is US$5.01. Canaccord Genuity restated a hold rating and set a $40.00 price target on shares of PayPal Holdings in a report on Friday, January 20th.


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