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Business

Bank launches customer review after HBOS corruption case

Nikki and Paul Turner, a Cambridge couple who helped uncover the affair after falling foul of the fraud operation, cautiously welcomed the bank's announcement though they said it followed "years of denial". The company holding them, called Sandstone, was nominally run by the ringleader of the fraud, David Mills. Anthony Stansfeld, police and crime commissioner for Thames Valley police, which mounted the six-and-a-half year investigation, told the Sunday Times the bank "made every effort to ...

Business

Time Warner Fourth-Quarter Earnings Beat Expectations With 'WestWorld,' 'Fantastic Beasts'

Adjusted earnings per share topped out at $1.25, an 18% increase from the $1.06 Time Warner recorded during the prior-year quarter. This amount includes $1 billion in premiums and costs related to the repurchase of debt during the fourth quarter.

Business

Oil prices steady as shale output offsets Opec cuts

Fears over growing US stock levels and shale oil production are starting to overtake the OPEC deal in terms of significance, analysts said. "This is a bubble, and if OPEC or the ways and means committee fails, it's going to pop. Gasoline inventories also increased by significantly more than double forecasts, up 2.9 million barrels when 1.1 million had been predicted . "We'd rate any increase more than the 1.7 million barrels [of crude] five-year average again as bearish on a seasonally ...

Business

Beckham blackmail plot emails are 'doctored' and 'inaccurate'

Despite being given a chance to defend the football ace, the 64-year-old admitted her opinion of him had changed after seeing the messages - in which David reportedly calls the honours committee 'unappreciative c****. "They approached by email and attempted to meet via another third party", an insider told the newspaper. It is understood the hacker passed his material to European Investigative Collaborations, a network of journalists, who spent several months digesting it, before ...

Business

Maersk docks 2016 with billion-kroner loss

Maersk said Wednesday that freight rates are gradually improving and demand for container shipping will likely rise this year. Maersk announced a major restructuring plan in September to combat oversupply and low prices in the oil and freight industries.

Business

Brother of UCLA star scores 92 points in California high school game

Melo was also motivated by Chino Hills suffering its first loss of the season, which came to Oak Hill Academy of Virginia, on Saturday. Ball's brother, LiAngelo, the team's usual leading scorer, didn't play because of an ankle injury, so LaMelo was given the green light to shoot and score.

Business

Tech giants, Former Diplomats Blast Immigration Executive Order

They include Virginia, Hawaii, Massachusetts, New York, Minnesota and Washington, and they have either joined onto already existing suits or launched their own. Earlier USA Today ( via The Verge ) reported that the search engine giant has created a $4 million crisis fund for help people affected by Trump's immigration ban.

Business

Facebook shareholders seek to replace Mark Zuckerberg with independent board chairperson

According to the proposal, shareholders' value will increase with an independent chair who will work as a balance of power between the CEO and the board. This basically means the proposal will be junked especially considering that the Facebook founder owns one of the largest shares in the company. The idea, according to the report, was initiated by a watchdog group of shareholders called SumOfUs .

Business

Fiat Chrysler Automobiles NV (FCAU) is Upgraded by Natixis Bleichroeder to " Neutral"

Receive Fiat Chrysler Automobiles N.V. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiat Chrysler Automobiles N.V. For the Current Quarter, the growth estimate for Fiat Chrysler Automobiles N.V.is 51.6%, while for the Next Quarter the stock growth estimate is 185%.

Business

Revenue Update on Royal Dutch Shell plc(NYSE:RDS-A)

Today there are 8,054,299,000 shares in issue of Royal Dutch Shell which are now trading at 2280 which brings the business's market capitalisation to 183.64B GBP. The legal version of this story can be read at https://www.com-unik.info/2017/02/07/royal-dutch-shell-plc-rdsb-given-new-gbx-2050-price-target-at-canaccord-genuity.html.

Business

Cabot Oil & Gas Corporation (NYSE:COG) Shares Jumps 5.23% Pre-Market

The projected growth estimate for the next quarter is -500 percent. At the movement Cabot Oil & Gas Corporation (NYSE:COG) is under coverage by number of analysts. Susquehanna issued rating on the stock of Cabot Oil & Gas Corporation (NYSE:COG) in a research note issued to investors on Feb-06-17, the stock received "Upgrade" rating from Neutral to Positive.

Business

Palladium Partners Boosts Position by $18801516 in Pfizer (PFE)

Dr. Henry A. McKinnell, Jr, PhD is one of the biggest insider owners in Pfizer Inc. Several firms have issued research on Pfizer. 21 Analysts think that the Price Target for Pfizer Inc. Finally, Acadian Asset Management LLC boosted its stake in Pfizer by 581.5% in the second quarter. This is a positive change from Pfizer's previous quarterly dividend of $0.30.

Business

GM to pay UAW members $12K in record profit sharing

Ford Motor Company (NYSE:F) now has mean rating of 2.80 while 6 analysts have commented the shares as "BUY", 1 recommended as "OUTPERFORM" and 14 commented as "HOLD". It is worth up to $1,000 per $1bn of profit the company makes in the continent. This company has been competing with others in the Consumer Goods space and offers its own combination of interesting factors Ford Motor Company (F) now trades with a market capitalization of $48.80 Billion.

Business

Panera Shares Higher After Company Earnings Come In Above Expectations

According to data provided by Zacks Research, Fitbit Inc (NYSE:FIT) has a consensus target price of $11.3 on the stock. This article is informational purposes only and should not be considered a recommendation to buy or sell Panera Bread Company.

Business

Rio Tinto plc 17.1% Potential Upside Indicated by JP Morgan Cazenove

According to UBSs price target of 3500 on the company's stock this indicates the broker now believes there is an increase of 1.76% from Rio Tinto's current price of 3439.5. Rio Tinto plc now has an average rating of "Buy" and a consensus target price of GBX 3,318.17 ($41.33). The stock was purchased at an average cost of GBX 3,451 ($42.99) per share, for a total transaction of £379.61 ($472.86).

Business

Today Analysts Focus on Marathon Oil Corporation (MRO), CVS Health Corporation (CVS)

The company's stock has grown by 16.59 percent in the past 5 years. (CA) are forecasted by the analysts to move at $0.49 in current quarter, from $0.6 a year-ago quarter. The current relative strength index (RSI) reading is 46.63. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.15%.

Business

Buffalo Wild Wings 4Q net earnings drop 38.2%

In front of fourth-quarter earnings release on Tuesday, Feb 07, 2017, 28 analysts are forecasting profits of $1.27 per share, with views ranging from an ultra-tight $1 to $1.42. Canaccord Genuity increased their target price on Buffalo Wild Wings from $150.00 to $175.00 and gave the company a "hold" rating in a research note on Monday, December 5th.

Business

Stock Price of Exxon Mobil Corporation (XOM) Decreases -2.3%

Private Vista LLC's holdings in Exxon Mobil Corporation were worth $822,000 as of its most recent SEC filing. First National Bank of Omaha raised its position in Exxon Mobil Corporation by 0.9% in the second quarter. During the twelve month it added 8.34% and year to date performance of -7.45%. EPS in next five year years is expected to touch 19.33% while EPS growth in past 5 year was -25.90% along with sales growth of -13.50% in the last five years.

Business

General Motors Company Beats Earnings Estimates, Shares Rise

Following Earnings result , share price were DOWN 13 times out of last 24 Qtrs. However, it was reported that in January 2017, General Motors sold 195,989 vehicles in the U.S. Planning Alternatives Ltd Adv reduced its stake in Ford Motor Company by 1.74% during the most recent quarter end. (NYSE:F) in which RBC Capital Upgrades Ford Motor Co.

Business

Toshiba wants funds not peers to buy chip stake

SK Hynix, in a regulatory filing, said it has not decided on whether to submit a final bid and did not offer details including how big a stake it seeks. Toshiba needs to raise funds by the end of March to offset an imminent multi-billion dollar writedown on its USA nuclear power business. Such an acquisition would definitely reinforce SK's market position.

Business

Hitachi and Honda to collaborate for manufacture of EV motors

Over the years, the company has delivered a high volume of these motors to vehicle manufacturers in Japan and globally. Global environmental regulations are expected to grow stricter, pushing up demand for electric vehicles, they said. The joint venture will "set itself apart from the competition" by making motors "smaller, lighter and more powerful", Hitachi Automotive President Hideaki Seki said.

Business

Himes urges Trump to preserve Dodd-Frank

In his February 6 statement, Piwowar reopened the rule for comment, to be submitted within the next 45 days, and has asked SEC staff to " reconsider the implementation of the rule based on any comments submitted and to determine as promptly as possible whether additional guidance or relief may be appropriate".

Business

Twilio Inc. (NYSE:TWLO) Close to Lift Curtain on June 2016 Earnings

The stock has a consensus rating of "Buy" and a consensus price target of $39.75. The Market Capitalization of the company stands at 2.66 Billion. Analysts believe that we could see stock price minimum in the $30 range (lowest target price), allowing for another -5.72% drop from its current position.

Business

Investors Catching Stocks: General Motors Company (NYSE:GM)

The devil's in the details. Analysts give CAT a mean recommendation of 2.90. But its earnings before interest and taxes, or EBIT, came in light , and then there are concerns about whether General Motors can actually deliver on its guidance for $6 to 6.50 a share, leaning to the beat-side of analyst estimates for $6.05.

Business

Doha - Auckland now on Qatar Airways

The route will meet demand for onward flights to New Zealand from Europe and the U.S. East Coast, Chief Executive Officer Akbar Al Baker said following the first flight, which was scheduled to take about 17.5 hours. "The new service provides an exciting new option for visitors to New Zealand and for New Zealanders travelling overseas". New Zealand Trade Minister Todd McClay welcomed the inaugural flight, saying the service would boost trade and tourism.

Business

Govt will meet NASSCOM, industry soon over H1 B visa: Sitharaman

The proposed changes in the H1 B visa norms which would make it costlier for USA firms to hire India IT professionals are going to adversely affect the India IT industry which contributes 9.3 per cent of the GDP. We will decide how to tackle it together with the Ministry of External Affairs. Pointing out that her Ministry is "closely monitoring" the Trump administration's policy announcements on visas, the Minister, however, told reporters: "There are several nuances to it (the proposed US ...

Business

BNP Paribas posts profit that misses estimates, plans cost cuts

Pre-tax profits in CIB rose more than 50% year-on-year in the fourth quarter. But revenues and pretax income in its French retail banking operation fell, despite its assets growing in size. A surge in trading helped quarterly revenues rise 2 percent. Shares in other French banks were also down, with Societe Generale losing 2.5 percent and Credit Agricole off 2.0 percent.

Business

Solar industry jobs surged in 2016

NY was one of just six states to lose solar energy jobs last year, although solar industry officials in the state indicated that they expect to grow by about 11 percent this year. That ranked the Sunshine State fifth in the nation for the number of solar jobs. With such a gain, solar will likely exceed all other sources of new electric generating capacity for the year, according to the report.

Business

Trade Surplus Soars in December

Energy product exports jumped 16 percent on rising prices. The back-to-back surpluses in November and December previous year was the first such trade balance for Canada's global trade since August and September of 2014, Reuters has calculated.

Business

UK House Prices Start Year on Negative Note as Demand Wanes

Sales in the fourth quarter of previous year were 0.5 per cent higher than in quarter three in 2016. Martin Ellis, Halifax housing economist, said that the annual rate of growth remained "robust" due to an "ongoing shortage of property for sale, low levels of housebuilding, and exceptionally low interest rates".

Business

Just the Facts on PayPal Holdings, Inc. (PYPL)

Suntrust Banks Inc. boosted its position in PayPal Holdings by 61.8% in the third quarter. The stock is now showing YTD performance of 0.3 Percent. The counter witnessed a trading volume of 2.58 million shares versus an average volume of 1.89 million shares during last trading session. Price to Sale ratio of 46 stands at 4.41 while Price to Book Ratio stands at 3.25.

Business

Archer Daniels Misses On Fourth-quarter EPS, Beats On Revenue

Evercore Wealth Management LLC now owns 2,581 shares of the company's stock valued at $111,000 after buying an additional 151 shares during the last quarter. Archer-Daniels-Midland Company's quarterly revenue was up.3% on a year-over-year basis. The buoyancy in the outlook of Archer-Daniels-Midland Company (ADM) is getting weaker by the somewhat negative sentiment (2.70 on a 5-point scale) that sell-side analysts have provided concerning it.

Business

Tata Steel posts ₹232-cr profit on higher volumes, better realisation

MUMBAI-based Tata Steel's revenue surged 14% to 292.79 billion rupees from 256.62 billion rupees year over year. Analysts, on average, had expected a net profit of Rs 174 crore, according to data compiled by Thomson Reuters. Steel deliveries of 2.37 million tonnes were 3 percent higher sequentially, but 13 percent lower year-on-year following the strategic decision to focus on higher-value added products in UK.

Business

FireEye (FEYE) Closed Testing The Lows Of The Year After Q4 Report

Splunk Inc. (NASDAQ:SPLK) [ Trend Analysis ] considering as most desiring stocks in active trading lead, shares jumped up after opening to trade at $60.58 with volume of 2.12 Million shares. During the same quarter in the previous year, the company posted ($0.36) EPS. Thus the company showed an Earnings Surprise of 81.2 Percent. The company has a market cap of $1,870 million and the number of outstanding shares has been calculated to be 171,098,280 shares.

Business

United Kingdom condemns Israeli bill legalizing settlements

Israeli Prime Minister Benjamin Netanyahu, who did not participate in the law's final votes since he was returning from a trip to Britain, said he had "updated" the U.S. Over 40 settler families were forced to leave the 20-year-old outpost, and on Monday construction vehicles demolished and removed the trailer homes that remained behind.


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