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Reviewing Individual Broker Targets Of Cone Midstream Partners (NYSE:CNNX)

Barclays PLC restated an "equal weight" rating and issued a $29.00 price target (down previously from $39.00) on shares of Shell Midstream Partners, L.P.in a research note on Wednesday, November 9th. Magellan Midstream Partners L.P.'s dividend payout ratio is 97.44%. 08/18/2016 - Magellan Midstream Partners L.P. was downgraded to " by analysts at Morgan Stanley.

Business

Wal-Mart Q4 Profit Down, But Results Top Estimates

However, solid fourth-quarter reports from Wal-Mart (WMT - Free Report), Macy's (M - Free Report), and Home Depot (HD - Free Report) have investors in a frenzy on Tuesday. WMT has been the subject of several other research reports. 11/16/2016 - Wal-Mart Stores, Inc. had its " rating reiterated by analysts at Credit Suisse.

Business

Concept of Digital Payments has seen a mass movement in India, says

Digital payment channels like mobile wallets, USSD and RuPay have seen massive uptake and rise in transactions post demonetisation. According to the latest figures released by the National Payments Corporation of India ( NPCI ), which has been executing the schemes, almost 10 lakh consumers and merchants have been disbursed over Rs.153.5 crore as reward money till 20th February, 2017.

Business

Saudi Arabia favors NY for Aramco IPO

Canadian exchange operator TMX Group is among the venues being considered by Saudi Arabia for the landmark public offering of its state-run oil company Aramco. Vision 2030 aims to diversify the country's assets, which now includes pumping 1 in every 9 barrels of oil globally. The IPO is part of a wider government operation to modernise the Saudi economy and make it less dependent on oil reserves to flourish.

Business

Centre to pay pending ONGC & OIL royalty directly to Assam

The Ministry of Petroleum and Natural Gas has been allowing ONGC and OIL to supply crude to oil marketing companies at highly discounted rates and has asked the producers to pay royalty to the states on the basis of such subsidised prices. Citing its records in the meeting, the state government had claimed a royalty of around Rs 6,820 crore. The notional price of the crude oil produced by upstream companies is initially derived on the basis of the average worldwide price and then discounts ...

Business

Grassley Confronted On Immigration By Man Who Says He Was Afghan Translator

Chuck Grassley at a town hall meeting in Garner, Iowa on Tuesday. Chuck Grassley received a question from an Afghan man who asked him for help to stay in the United States in the face of the Trump administration's immigration executive order.

Business

J. Cole is coming to Dublin

Tickets go on sale February 24 here, while stubs for the tour's Australian leg will go on sale February 28. Tickets to the August 1 show at Barclays Center can also be purchased in person at the American Express Box Office starting Saturday, February 25 at noon (if tickets are still available).

Business

South Carolina Wal-Mart cashier pays for half of family's groceries

On Saturday night Dasant was working a checkout line, something she usually does not do when she met Ashley Jordan . "We got as much stuff as we could get on my husband's income since I'm a Stay at Home Mom". "So, I hope other people can see what she did and to pay it forward to someone someday because I definitely will". Dasant says she can't really explain what happened next.

Business

Norton Rose and Chadbourne to Combine

The combination of Norton Rose Fulbright and Chadbourne, which is based in NY and specialises in insurance and cross-border litigation, will mean that the English-dominated... Andrew Giaccia, Chadbourne managing partner, commented: "Our firms share a strategic vision and client focus, and we have highly complementary practice and industry strengths".

Business

Consensus Watch on Freeport-McMoran, Inc. (NYSE:FCX)

Independent Investors Inc. increased its stake in Freeport-McMoran by 0.5% in the third quarter. On average, equities research analysts anticipate that Freeport-McMoran will post $1.14 EPS for the current year. The earnings of Huntington Bancshares Incorporated (HBAN) are forecasted by the analysts to move at $0.22 in current quarter, from $0.2 a year-ago quarter.

Business

DHS memo calls for 15k new border agents, faster deports

Homeland Security Secretary John Kelly released implementation memos to agencies to enforce President Donald Trump's executive orders he signed in January. Now that the Trump travel ban is at least temporarily out of the news headlines, attention is shifting to the broader issue of the new administration's overall immigration policies.

Business

Protests Outside McConnell Town Hall

They didn't like the result of the election. "Winners make policy and losers go home", McConnell noted, obviously gleeful to be on the winning side. "Protests in American are not unusual", McConnell told reporters. We've had them for 240 years. "It doesn't bother me one bit". McConnell's response to the second question was shorter.

Business

BC budget: De Jong hints at cut to small business tax rate

Another $9 million over three years will go towards keeping rural schools open. In his pre-election budget Tuesday, de Jong announced a plan to cut the PST on electricity in half effective October 1, from seven per cent to 3.5. The province's school system will get an additional $740 million over the next three years, with a large chunk of that money earmarked to cover the costs of hiring new teachers after the province lost a Supreme Court of Canada decision on class size.

Business

Scripps Networks Scores High Q4 Advertising Results

Scagliotti holds 503,043 (0.39% of shares outstanding). It also beat out analysts' revenue estimate for the quarter, which was set at $879.15 million. Scripps Networks Interactive, Inc .'s (SNI ), a stock from Broadcasting - TV Industry, has a value of $76.04 per share, noted a price change of -1.37% in recent trade close.

Business

American, United launch cheaper 'basic economy' fares

The basic economy fare is American's latest offering targeted at price-conscious travelers, created to compete with ultra-low cost carriers like Spirit Airlines and Frontier Airlines. On one-way flights, the price break can be as little as $12. The Fort Worth, TX-based carrier said it will expand the basic economy fares to other markets later this year but chose these launch routes because they provide "a variety of competitive situations".

Business

Fairfax in halt amid Domain IPO rumours

It also owns video streaming company Stan in a joint venture with Nine Entertainment. Fairfax, which has a market value of A$2 billion including Domain, is due to report its first half financial results on Wednesday. Fairfax will issue an interim dividend of 2 cents per share. Under the plan, no extra money would be raised from the restructure. The company revealed it now has 226,000 digital subscribers to its news products and saw a 22 per cent increase in digital subscription revenues.

Business

Can Carl Icahn Save Bristol Myers Squibb?

Bristol-Myers Squibb Company comprises 1.7% of Arthur M. Cohen & Associates LLC's holdings, making the stock its 14th largest position. Bristol Myers Squibb Co. The company reported the earnings of $0.63/Share in the last quarter where the estimated EPS by analysts was $0.67/share. Bristol-Myers Squibb Company had a net margin of 22.94% and a return on equity of 31.39%.

Business

Oil rises, but swelling USA output caps rally

Ritchie Bros. Auctioneers Inc. surged 12.4 per cent to $44.67 after it reported fourth quarter and 2016 annual results. We, however, disagree, especially following the news that Russian Federation overtook Saudi Arabia as the world's largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades.

Business

Stock Roundup: Wal-Mart Stores Inc. (NYSE:WMT)

Prior to Q4, Wal-Mart had struggled to keep pace with Amazon.com, Inc. Nearly three out of four Wal-Mart shoppers bought something on Amazon during the holiday quarter, data tracker Prosper Insights & Analytics found. Thrivent Financial for Lutherans increased its position in Wal-Mart Stores by 791.2% in the fourth quarter. EPS or Earning per Share stands at $4.61.

Business

First Solar, Inc. (NASDAQ:FSLR) Mean Price Target At $34.916

FSLR right now sits at consensus rating of 2.80 while 0 analysts have advocated the shares as "BUY", 0 calls it an "OUTPERFORM" and 0 suggest "HOLD". (NASDAQ:FSLR) to post quarterly earnings at $0.96 per share on revenue of $412.76 million after the closing bell.

Business

Four Executives Fired Over Wells Fargo Fake Account Fiasco

All out the door is Matthew Raphaelson, the San Francisco-based ex-head of community bank strategy and initiatives, had been with the bank since 2003, according to his LinkedIn profile, plus two regional leaders - Pamela Conboy, the Arizona regional president, and Shelley Freeman, the head of consumer credit solutions and former Los Angeles regional president.

Business

Mystery Irish woman gives £50k fiver to charity

An Irish woman who found a rare five-pound note engraved with a portrait of Jane Austen has donated it to charity. He spent one note each in England, Scotland, Wales and Northern Ireland. Its serial number is AM32 885554 . "It has just been found a couple of weeks ago". Image copyright Google Image caption Charlie's Bar in Enniskillen - is this where the fiver began its Northern Ireland journey? People throughout England will be hoping this means the remaining "golden ticket" is in a ...

Business

Wal-Mart scores solid United States sales; earnings dip

Biggs said. (NYSE:WMT) last announced results for quarter ended on 31 Oct 2016, disclosing EPS of $0.98. Nelson Roberts Investment Advisors LLC boosted its stake in shares of Wal-Mart Stores by 27.2% in the third quarter. Year-to-date, WMT has gained 0.36%, versus a 5.17% rise in the benchmark S&P 500 index during the same period. The Bentonville, Arkansas-based company said Tuesday it earned $3.76 billion, or $1.22 per share in the three months ended January 31.

Business

Birthday wishes for President Mugabe

Grace Mugabe told the cheering crowd: "If God decides to take him, then we would rather field him as a corpse ". But Ruhanya, the political analyst, emphasizes that Mugabe is an elderly president with health problems and Zimbabweans can't help but ponder a future without him.

Business

Walmart investors cheer as revenue ticks up

Goldman Sachs Group, Inc. Wal-Mart Canada's market share in the key categories of food, consumer goods and health and wellness products gained 0.60 per cent in the 12 weeks ended January 28, it said, citing Nielsen figures. Walmart said total revenue for 2016 was $485.9 billion with earnings of $4.38 per share. Following the completion of the transaction, the insider now directly owns 245,328 shares in the company, valued at approximately $16,760,808.96.

Business

Germany's Merkel wants to discuss cyber attacks with Russian Federation

Merkel said she wanted good relations with Russian Federation and believes it is in the common interest of Russian Federation and the West to fight global terrorism. She said that she was committed to maintaining a free press in Germany, which has been a pillar of the nation's American-backed democratic revival following World War II .

Business

Macy's Q4 EPS Beats Estimates, Expects Sales Drop To Continue

Like other retailers, Macy's has felt the sting of the so-called Amazon Effect, which sees the e-commerce behemoth eating up sales of apparel, home goods and other staple items of the traditional department store. Macy's is still weighing options for its flagship store in New York City as it looks to further strengthen its balance sheet. However, when excluding for an expected fourth-quarter gain on the planned sale of the Union Square Men's building in San Francisco and the settlement ...

Business

UPS successfully delivered a package with a drone

The United Parcel Service ( UPS ), and the drone company Workhorse , have been testing an autonomous delivery system for about a week now, laying the framework for what could soon become a common form of package deliveries. To do this, UPS has designed a specially-equipped diesel-electric delivery van that houses a swarm of UAVs. To be clear, we're not now facing a UPS drone invasion with many multiples of autonomous flying machines attacking the USA.

Business

HSBC's profits plunge dragging down share price

Revenue across the bank fell 2.5% on an adjusted basis, with the decline largely offset by a 3.7% drop in operating expenses (although charges relating to bad loans are marginally higher). "It will be interesting to see how the other banks perform, because HSBC might have a competitive advantage because of its Asia focus and diversification", said Ipek Ozkardeskaya of LCG Capital.

Business

OPEC chief sees higher compliance with oil cut, says confidence returning

Energy Information Administration. A second consecutive massive build in US crude stockpiles on Wednesday left the market relatively unimpressed, as it was little changed during the session, as the market awaited further evidence that OPEC cuts were in effect.

Business

HSBC says 2016 profit slumps to $2.5B

The UK benchmark index has slipped marginally lower in today's session, pressured by a hefty fall in heavyweight HSBC Holdings (LON:HSBA), which today posted a 62-percent slump in full-year profits. HSBC said it has since overhauled compliance and risk controls. "What this doesn't mean is that we are selling the private bank... it means we have restructured the private bank and that's now behind us".

Business

Former neurosurgeon sentenced to life in prison for botched surgery

Christopher Duntsch, 46, was arrested in July 2015 on five aggravated-assault charges after four of his patients were left crippled and two others died between July 2012 and June 2013, Dallas News reported . Records state Duntsch removed "bone from an area that was not required by any clinical or anatomical standards, resulting in injury to the vertebral artery".

Business

The sooner the better for Fine Gael leadership change, says Alan Dukes

Speaking on RTE's The Week in Politics programme, Mr Coveney said he would like to see an "orderly, but quite quick transition of leadership within Fine Gael" once next month's meeting with United States president Donald Trump takes place.

Business

Anglo American PLC (LON:AAL) Receives Sell Rating From Liberum Capital Analysts

Anglo planned to condense its portfolio of assets to focus on core commodities of platinum, copper and diamonds. "We do not need to sell assets to address the balance sheet issues". Anglo added it would also keep hold of nickel assets that were previously set to be sold, with boss Mark Cutifani remarking "asset disposals for the purposes of deleveraging are no longer required".

Business

Restaurant Brands adds Popeye's to Tim Hortons and Burger King

Restaurant Brands is the company that owns both Burger King and Tim Horton. Popeyes , whose fans include pop singer Beyoncé, began 45 years ago as a Southern-fried "Chicken on the Run" restaurant in a New Orleans suburb. Popeye's was founded in 1972 by Al Copeland Sr., in 1972. "The result is a transaction that delivers immediate and certain value to the Popeyes shareholders".


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