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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".

Business

Home Ministry website under construction and not hacked, confirms official

It is not yet clear who performed the hacking but an official said that the computer emergency response teams are looking into the incident. At the time of publishing this report, the website could still not be accessed. Unknown hackers today used a Drupal exploit to hack mha.nic.in, which is Indian government's Ministry of Home Affairs website . In January, suspected Pakistan-based operatives had hacked the website of National Security Guard (NSG) and defaced it with comments against ...

Business

'Shame!': Education Secretary DeVos blocked by protesters in first school visit

After protesters blocked her way into the school, DeVos and her security detail got into a black vehicle, which one protester briefly tried to block. "Shame. Unlike DeVos, former Secretary of Education John B. King had a doctorate in education, attended public school in NY, has two children now attending public school and prior experience working in the Department of Education.

Business

Trump seeks closer ties with China

He wrote that he is looking forward to working with Xi to "develop a constructive relationship" that benefits both countries, the White House said in a statement. Xi Jinping remains one of the few significant world leaders yet to speak on the phone with Trump. Xi appreciated Trump's letter while citing Lu Kang, the country' foreign ministry spokesman, China's state-run Xinhua News Agency reported .

Business

Tempur Sealy International Inc. (NYSE:TPX), DiamondRock Hospitality Company (NYSE:DRH)

Analysts expect that Tempur Sealy International Inc. will post $3.94 EPS for the current year. With its stock so low, Tempur Sealy could become a target for an interested buyer. The institutional investor owned 29,630 shares of the company's stock after selling 1,195 shares during the period. The company's Relative strength index is 31.73.

Business

New Call of Duty in 2017 Returns to its Roots

In the conference call, Activision COO Thomas Tippl said that while Call of Duty: Infinite Warfare as a "high-quality, innovative game ", it underperformed compared to the company's expectations. However, once the initial trailer for the game popped up on YouTube , the venom flew furiously at the thought of not only taking combat into space, but also messing around with gameplay mechanics.

Business

Investors Catching Stocks: Kinder Morgan, Inc. (NYSE:KMI)

HM Payson & Co.'s holdings in Kinder Morgan were worth $430,000 as of its most recent filing with the SEC. In a similar way, Kinder Morgan, Inc. LS Investment Advisors LLC now owns 93,540 shares of the company's stock worth $1,751,000 after buying an additional 4,806 shares during the last quarter.

Business

Trump line of home items removed from Kmart, Sears

More major United States retailers backing away for the Trump brand. It's been a bumpy week for Ivanka Trump's brand. USA retailers Sears and Kmart's websites no longer sell products from the Trump Home line, which is owned by the Trump Organisation, a Business Insider report said.

Business

Eye-Catching Watch List: Teradata Corporation (NYSE:TDC), Anadarko Petroleum Corporation (NYSE:APC)

It trades at an average volume of 6.89M shares versus 7.38M shares recorded at the end of last trading session. Wealth Enhancement Advisory Services LLC boosted its stake in Marathon Petroleum Corporation by 15.6% in the second quarter. The company had Year Ago Sales of 1.67 Billion. The company's quarterly revenue was up 12.1% compared to the same quarter previous year. Historically, if we look at price target revisions, three weeks ago Anadarko Petroleum Corporation (NYSE:APC)'s price ...

Business

CESC Q3 net profit up 4.43% at Rs 152 cr

Total expenses increased to Rs 4,881 crore in the reported quarter compared to Rs 4,475 crore in the same period the previous year, the filing said. Operating profit (EBITDA) was at Rs 45.50 crore, down by 54.62% from Rs 100.27 crore a year ago same period.

Business

Boscov's chairman dies at age 87

Stevenson said he never met the late chairman, but he was working one night when Boscov came to town to do a surprise walk-through. Albert Boscov , a retail industry giant and head of the department store chain that bears his name, died Friday in Reading.

Business

Forward Earnings Estimate of ENERGY TRANSFER PARTNERS(ETP)

The Company's subsidiaries include ETP, Energy Transfer Partners, L.L.C. (ETP LLC), Panhandle Eastern Pipe Line Company, LP and its subsidiaries (Panhandle), Sunoco Logistics Partners L.P. In the liquidity ratio analysis; quick ratio for most recent quarter was 0.60 while current ratio for time period was 0.90. Finally, Zacks Investment Research downgraded Energy Transfer Equity, L.P.

Business

Three rockets hit Baghdad Green Zone, hours after bloody protest

The incident came hours after seven people were killed when protesters, majority supporters of cleric Moqtada al-Sadr, tried to force their way through a security cordon to reach the Green Zone. "The prime minister ordered a full investigation into the injuries among security forces and protesters during the demonstration today in Tahrir Square", read a statement from Abadi's office Saturday evening.

Business

Analyst Stock Recommendations For PayPal Holdings, Inc. (PYPL), Symantec Corporation (SYMC)

Symantec Corporation's revenue was up 19.7% compared to the same quarter past year. During the trading on 02/08/2017, Company's stock ranged from $40.30 to $41.00. (NASDAQ:PYPL) is 1.89. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Research entities assess the varied financial aspects of a firm and then draft reports on shares.

Business

The Coeur Mining, Inc. (CDE) to Release Earnings on Wednesday

ILLEGAL ACTIVITY NOTICE: "Coeur Mining, Inc". A number of equities research analysts recently weighed in on CDE shares. Coeur Mining, Inc.'s (CDE) stock price distance from twenty day simple moving average surged at 5.09% while its distance from fifty day simple moving average raised 15.24% along with 9.05% above distance from two hundred simple moving averages.

Business

Fear of losing health care

The first is the requirement that everyone has to have health insurance or pay a penalty. At the same time, existing coverage won't be affected, Tipton said. "Consumers and patients could ultimately pay the price". And without a subsidy, she can't afford health insurance on the marketplace. For example, one of my constituents, Michelle, wrote to me earlier this year about losing her job in 2014 due to a health condition, but because of the ACA, she was able to get the care she needed ...


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