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Seattle Genetics, Inc. (SGEN) Insider Sells $890176.10 in Stock

Equities research analysts forecast that Seattle Genetics will post ($1.73) EPS for the current year. The latest Insider trade was made on 24 Jan 2017 where Drachman (Jonathan G) Officer did a transaction type "Buy" in which 5000 shares were traded at a price of $10.29.

Business

Toshiba delays earnings after snag in audit process

Japan's Toshiba (tosbf) shocked investors on Tuesday with a last-minute delay to a long-awaited financial update, saying it needed more time to probe its Westinghouse nuclear business. Unions in the United Kingdom are calling for action from the Government to try to ensure a new plant is built in Cumbria. Shadow business secretary Rebecca Long-Bailey said the Government's energy policy was "in chaos".

Business

Navi Mumbai airport project goes to GVK

Another big contender for the development of the airport was GMR infrastructure but couldn't win the bid. On Monday, when the bids were opened, MIAL offered to share 12.6% of the gross revenue with CIDCO - compared with 10.44% offered by GMR, the only other company to have put in a bid.

Business

Restaurant Brands International profit beats as costs fall

Looking at the past 52 week period, the stock price is up at 60.64%. The stock's 50 day moving average is $48.90 and its 200-day moving average is $46.74. Tower Research Capital LLC TRC increased its stake in Restaurant Brands International by 64.3% in the third quarter. Institutional investors own 72.72% of the company's stock.

Business

Sessions confirmed as attorney general after contentious debate

Sessions' nomination concluded for having violated a Senate rule prohibiting the disparaging of other senators in floor debate. Warren was silenced under Rule 19 , which prevents legislators from impugning one another on the Senate floor.

Business

Gasoline prices up 20 cents a gallon in week

Average retail gasoline prices in IL rose 4 cents a gallon in the past week, averaging $2.30 on Monday, according to GasBuddy's daily survey of 4,378 gas outlets in IL. "The increase in US domestic oil production has helped to counter-balance OPEC's production cuts, sending gas prices down slowly", said Tammy Arnette, Senior Public Affairs Specialist for AAA Mid-Atlantic.

Business

2 men, teen die snowmobiling on lake

According to Wired2Fish, the body of 15-year-old Arthur Remy of Mamaroneck was one of those recovered on Lake Winnipesaukee. "They were snowmobiling. yesterday. First responders managed to pull another rider from the freezing water and did CPR to try to resuscitate him, but he was later pronounced dead at Lakes Region, Jordan said.

Business

One hundred straight wins only hints at UConn's dominance

When the Huskies finally lost to Stanford on November 17, 2014, they started anew - and haven't slowed down since. Kiara Perry led SMU with 11 points. Coates had 10 points and 15 rebounds. A previous 90-game win streak surpassed the 1971-74 UCLA men's team's record , which for more than 40 years stood as the crown jewel of collegiate athletic accomplishments.

Business

Stock Showing Surging Activity: Activision Blizzard, Inc. (NASDAQ:ATVI)

Commerce Bank increased its position in shares of Activision Blizzard by 0.3% in the third quarter. Egerton Capital UK LLP now owns 11,122,654 shares of the company's stock worth $492,734,000 after buying an additional 67,394 shares during the period.

Business

Murthy Calls Off Battle With Infosys' Board

The Infosys chairman added that Sikka's fixed compensation was trimmed to $4 milion from $5.08 million and that the postal ballot method adopted for raising the remuneration was as per accepted corporate governance norms. "We are proud to have Punita Kumar Sinha on our board". Responding to a query on a potential share buyback, another concern raised by some former executives, Sikka said Infosys would weigh up possible buybacks against the company's business needs and the use of capital ...

Business

Wall Street opens at record highs as 'Trump trade' resumes

In Asia, Japan's Nikkei 225 index rose 0.4%, the Hang Seng in Hong Kong gained 0.6%, and South Korea's Kospi index added 0.2%. The Dow Jones Industrial Average gained 143 points to finish at 20,412.16, a new all-time high. It rose 0.9 percent to $133.29. Among the weak spots were telecom stocks , which dropped 1.04 percent after Verizon's brought back its unlimited data plan, sparking fears of a price war.

Business

Disney parks in United States increases prices again

For most Disney Theme Parks, mid-tier tickets will cost $107, up from $102. The average price increase will be $5, and one-day adult passes will range from $107 to $124, depending on the season and day of the week, which is up from $105 to $124.

Business

Heineken To Acquire Brasil Kirin

To advance restructuring, Kirin logged around 110 billion yen in extraordinary losses for the Brazilian business in 2015. Brasil Kirin is a large beer producer in Brazil, operating 12 production facilities with its own distribution network.

Business

Mar-a-Lago Member Posts Photo with 'Nuclear Football' Aide

DeAgazio was ripped in the comments section for being irresponsible, with one person saying, "Thanks for getting Rick demoted and/or relieved of duty". The entire affair was documented by a member of Mar-a-Lago, retired investor and actor Richard DeAgazio , who posted photos on Facebook and interacted with members of the President's staff.

Business

Trump Hardens Israel Rhetoric Ahead Of Netanyahu Visit

Given that few of President Trump's most ardent supporters really believed the embassy would actually be moved, few are now expressing much surprise at the backpedaling from what many saw as the candidate's most alarming rhetoric: support for Israel's building of homes in areas it conquered in the 1967 war that the Palestinians claim for their future state.

Business

Allergan to acquire Pleasanton-based Zeltiq for spend $2.48 billion

The 9 analysts offering 12-month price forecasts for ZELTIQ Aesthetics Inc have a median target of 51.00, with a high estimate of 58.00 and a low estimate of 35.00. needs to grow just 4.25% to cross its median price target of $51.5. The Stock now has the market capitalization of $1.96 Billion, P/E (price to earnings ttm) of 66.76 and Weekly volatility of 4.67% and monthly volatility of 3.18% respectively.

Business

Analysts Opinions on: JC Penney Company, Inc. (NYSE:JCP)

Princeton Alpha Management LP purchased a new position in J.C. Penney Company, Inc. The stock has Return on Assets (ROA) of -2.8 percent. Sheaff Brock Investment Advisors LLC increased its position in J.C. On average, equities analysts forecast that J.C. Penney Company, Inc. Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 1.93, and a price to sales ratio of 0.17.

Business

Scientists invented a battery that could work for a decade without degrading

However, by modifying the solution, the Harvard researchers could make a battery that only lost one per cent of its capacity for every 1,000 cycles. To put this in perspective, a standard lithium-ion battery may only last 1,000 cycles in its lifetime.

Business

Grammys 2017: Metallica singer James Hetfield's mic malfunctions

The band and Gaga absolutely shook the stage in a fire-filled performance, and even though lead singer, James Hetfield's mic wasn't working, they still made it work. As one of the unlikelier pairings of the evening, Gaga and Metallica didn't let their disparate genres keep them from synthesizing a fiery performance.

Business

India's Inflation Slows In January

RBI has projected retail inflation in the range of 4 to 4.5 percent in the first half of 2017-18 fiscal and between 4.5 percent to 5 percent in the second half. However, a Reuters poll of 26 economists estimated the inflation to be slowed to 3.22% in January, which would be the lowest in the index's five-year history.

Business

Teva Pharma quarterly profit and revenue beat expectations

This represents a $1.36 dividend on an annualized basis and a yield of 4.22%. Zacks Investment Research raised shares of Teva Pharmaceutical Industries Limited from a "sell" rating to a "hold" rating in a research note on Wednesday, October 19th.

Business

UK Pensioners Overtake Working Family Incomes for First Time

Before housing costs are taken into account, working-age households still have higher incomes than pensioner households. Typical incomes across the pensioner population have grown by 31% since 2001, and a 65-year-old would only have earned 7% more than their working-age counterpart at that time.

Business

Burger King, Tim Hortons owner's profit beats as costs fall

Restaurant Brands International Inc (QSR) announced its most recent quarterly financial results on Monday, Feb-13-2017. They set an "outperform" rating on the stock. increased its stake in shares of Restaurant Brands International by 0.9% in the third quarter. In the past week, the company has outperformed the S&P 500 by 2.67% and the outperformance has advanced to 1.47% for the last 4 weeks period.

Business

Gas Prices Rise Again; New Buffalo Cheapest In State

AAA says the lowest average price was about $2.26 per gallon in the Detroit area, where it is up about 3 cents from a week ago . The national average typically rises 35 to 65 cents a gallon from its low by Memorial Day, DeHaan said, "and there's no reason to believe the same won't happen this year".

Business

Hindu population decreasing because they don't convert people, says Kiren Rijiju

On the micro-blogging website, Rijiju posted a series of tweets along with a screen grab of a news report that quoted the Arunachal Pradesh Congress Committee as saying that the Narendra Modi-led BJP government is "trying to convert Arunachal Pradesh into a Hindu state".

Business

Disney puts prices up again

A ticket to the happiest place on Earth just got a little more expensive. Last year, Disney rolled out a pricing plan that allows visitors to view a planning calendar from eight to 11 months out to determine which days are considered "value", "regular" or "peak" times.

Business

Japan Q4 GDP Expands 0.2%, Missing Forecast

The data should be a relief to government and Bank of Japan policymakers who aim to sustain growth and pull the economy out of deflation and stagnation. During the October-December period, the dollar rebounded to as high as above 118 yen following Trump's election, after hitting lows around 101 yen in October.

Business

Brexit Impact Not as Bad as Feared, EU Says

France is set to grow by 1.4 per cent, whie Italy will manage just 0.9 per cent. In its Winter Forecasts , the Commission has pencilled in growth or 1.5 per cent for Britain in 2017. Explaining its view, the Commission said: "Business investment is likely to be adversely affected by persisting uncertainty while private consumption growth is projected to weaken as growth in real disposable income declines".

Business

Infosys CEO Sikka says media talk over governance issues "distracting"

That strategy is beginning to find traction, and the company has caught up with the industry growth rate, having started at a position where Infosys lagged its peers, when he took over two-and-a-half years ago, he said. Life Insurance Corporation has 7 per cent. "It is a hypothetical question for now", said the head of a large domestic institutional investor in Infosys, on the condition of anonymity, when asked if investors will side with the founders or the management team, if a resolution ...

Business

Co-operative Bank puts itself up for sale

The bank, rescued by U.S. hedge funds four years ago, said a sale was "something always considered a potential outcome of the turnaround plan", alongside considering other options to build capital and meet the longer term capital requirements applicable to all United Kingdom banks having concluded its annual planning review.

Business

Banks make concessions in Apple Pay fight

They say that without open NFC access on iPhone, no genuine competition in the provision of mobile wallets is possible and Apple will have a stranglehold on this strategically important future market. NFC is commonly used as a means of contactless payment for smartphones. Apple believes that this argument is merely lip service, given the banks now have embedded NFC radio access on Android devices that Apple said they have not utilised.

Business

JB Hi-Fi Posts Record Half Year Net Profit

The sales result beat consensus estimates of about $2.5 billion. Key growth categories during the half included cameras, computers home appliances, communications and audio, the company said. "Our work to date has validated the rationale regarding the power of the combination and the strategic merits of the acquisition". "We remain highly confident in our ability to realise these benefits", Mr Murray said.

Business

SC grants more time to Calcutta Judge to appear in contempt case

Calcutta high court judge justice CS Karnan on Monday failed to appear before the Supreme Court in a contempt case. In response to the notice, justice Karnan two days later wrote to the top court's registrar general that he was being singled out by "upper caste judges" as he was a Dalit.

Business

Fernando Torres Scored On A Shocking, No-Look Overhead Goal

Fourth-placed Atletico Madrid salvaged a 3-2 win over Celta Vigo. Controlling Yannick Carrasco's pass with his back to goal, he hooked the bouncing ball over his shoulder, past Celta keeper Sergio Álvarez and into the far corner . Torres, whose contract with Atletico runs out in the summer, has now scored three goals in his last two league appearances for the club. But Atletico were able to stage a stirring fight back on their home patch.

Business

Chart: Colorado marijuana sales topped $1 billion in 2016

Last year's record-shattering run includes eight months where marijuana sales topped $100 million, the likes of which enabled Colorado's pot shops to move $376.6 million worth of product between July and September 2016. There are a number of factors contributing to this, but the biggest one is legalization in additional states such as Oregon, Maine and MA. "Now, as other states legalize, some of these external benefits that are occurring are going to be eroded".


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