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Uphaar convict has to surrender soon: SC

Uphaar theatre owner Gopal Ansal, who was asked to surrender to undergo the remaining part of his sentence for the 1997 fire tragedy, failed to get any relief from the Supreme Court on Wednesday. Ansal is co-accused with brother Sushil Ansal in the 1997 Uphaar cinema fire tragedy case in which 59 persons lost their lives. Feb 9, 2017: SC orders one year in jail for Gopal Ansal and gives him four weeks to surrender.

Business

Chandrababu Naidu's son's assets increase 23-fold in five months

He declared his assets were some 14.50 Crore on October 19, 2016. Lokesh Nara is reported in local media as saying that the market value of the stock is 274 crores, vastly more than the "book value" he declared earlier. EC guidelines stipulate that the true market value should be disclosed so I declared the assets' value as per latest market rates. Naidu started the practice of voluntarily disclosing assets six years ago claiming to be setting a trend in Indian politics to bring in ...

Business

Earnings On Deck For Signet Jewelers Limited

After a recent spot-check, Signet Jewelers Limited (NYSE:SIG)'s ATR is 2.67. Telsey Advisory Group Downgrades Signet Jewelers Limited (NYSE:SIG)'s stock to Market Perform with the price target of $75. The ex-dividend date was Wednesday, January 25th. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. 13 analysts projected Price Targets for Signet Jewelers Limited .

Business

Analyst Views and Recommendations: Michaels Companies Inc (NASDAQ:MIK)

Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 2.06, suggesting the market has given up on the stock. The arts and crafts store operator posted revenue of $1.75 billion in the period, missing Street forecasts. The stock has an operating margin of 13.50% and a net profit margin of 7.10% This appreciation has taken its price 11.00% above the 52-week low.

Business

The Tailored Brands Inc (TLRD) To Go Ex-Dividend on March 10th

Fewer analysts at Reuters have a buy or better ratings (3) on the Tailored Brands, Inc . stock than those who have a hold (3) rating while the 12-month target price suggested by the average analysts is $24.8. Tailored Brands closed down -0.17 points or -0.73% at $23.12 with 11,09,026 shares getting traded on Tuesday. The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th.

Business

FORTUNE 100: Wegmans takes #2 on 'Best Companies' list

In 2016, Sheetz announced both plans to hire 8,000 employees companywide as well as the investment of more than $15 million to increase employee wages. Among other things, the employee survey asks about the company's culture, communication, and personal and professional support. Fortune said that there was a strong correlation between being a great place to work and a company's business success.

Business

US Jobless Claims Increase by 20000 to 243000

According to a Labor Department analyst, there were no special factors impacting last week's claims data. The labor market is close to full employment. The highest insured unemployment rates in the week ending February 18 were in Alaska (4.4), New Jersey (3.1), CT (2.9), Montana (2.9), Rhode Island (2.9), MA (2.7), Pennsylvania (2.7), Puerto Rico (2.7), IL (2.6), and California (2.5).

Business

Wall Street Consensus Update & Stock Review on Anadarko Petroleum Corporation (NYSE:APC)

The share price is now down -7.74% for the past three months. Raymond James analysts disclosed their opinion on Anadarko Petroleum Corporation (NYSE:APC) recently. The year to date performance is at -9.35% with a 52 week high of -13.80% and a 52 week low of 58.35%. The company's stock is moving with the distance from SMA 50 of 3.56 Percent while the distance from 200-day simple moving average for the stock is 6.41 percent.

Business

What are analysts Suggestions on: Marathon Oil Corporation (NYSE:MRO)

Marathon Oil Corporation (MRO ) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. Scotiabank reaffirmed a hold rating and set a $55.00 price objective on shares of Marathon Petroleum Corp in a report on Monday, February 6th.

Business

Eclipse Resources Corporation (NYSE:ECR)

There are now 15 brokerage firms covering Antero Resources Corporation, offering earnings per share estimates as well as future price target projections. On average, equities research analysts expect that Eclipse Resources Corp will post ($0.02) EPS for the current fiscal year. The firm now has a buy rating on the energy company's stock.

Business

Analysts Forecasting Profitability Indicators: Staples, Inc. (NASDAQ:SPLS), Vantiv, Inc. (NYSE:VNTV)

This year company's Earnings per Share (EPS) growth is 185.50% and next year's estimated EPS growth is 17.00%. Five analysts surveyed by Zacks expected $5.02 billion. Loop Capital initiated coverage on Staples in a research note on Tuesday, December 13th. They issued a "hold" rating and a $10.00 price target on the stock.

Business

Analysts Opinions on: Allergan plc (NYSE:AGN)

Sales growth in the quarter for Allergan plc Drugs - Generic NYSE shows a value of 7.10% with Outstanding shares of 356.4. The number of shares now owned by investors are 356.4 mln. Allergan plc's revenue was up 7.1% compared to the same quarter past year. (SPG) have shown a high EPS growth of 11.00% in the last 5 years and has earnings decline of -0.20% yoy.

Business

Akzo Nobel rejects $22 billion bid from PPG

Finally comes the ratings part in which the PPG was evaluated with 15 analysts of WSJ going for Buy ratings in previous quarter, while at present 13 analysts gave Buy ratings from whole pool. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $1.25 to $1.39. Investors of record on Friday, February 17th will be paid a $0.40 dividend.

Business

Hot Stock Alert: Fairmount Santrol Holdings Inc. (NYSE:FMSA)

The median estimate represents a 63.11% increase from the last price of 8.66. For the most recent quarter, quick ratio was 3.5, current ratio was 4.1, LT Debt/Equity ratio was 0 and Total Debt/Equity ratio was 0. FMSA stock has a market capitalization of $1.87 Billion. The company's shares were closed at 8.66. It is predicted to add 7% on day 1 and jump 14% on day 7 after the company reports upcoming earnings.

Business

Chesapeake Energy Corporation (NYSE:CHK) Earnings Preview: Should Traders Be Nervous?

Average Revenue Estimate of the company for the current Fiscal Quarter is $3.57 Billion, according to consensus of 1 analysts. These price targets are a consensus analysis of 29 brokers. For the quarter ending 11/03/2016, The Analyst projected that the company could deliver EPS of -0.03 while the company provided its Actual EPS of 0.09 showing a difference of 0.12 Percent between the Estimated and Actual EPS.

Business

NVIDIA Corporation (NVDA) Stake Boosted by Advantus Capital Management Inc

Old Mutual Global Investors UK Ltd. increased its stake in shares of NVIDIA Corporation by 32.9% in the second quarter. Washington Trust Bank now owns 6,753 shares of the computer hardware maker's stock valued at $463,000 after buying an additional 54 shares in the last quarter.

Business

Barcelona fans celebrate incredible Champions League comeback

A curled free kick from Neymar in the 88th minute gave them hope and the Brazilian converted a penalty before substitute Roberto slid in to knock the ball beyond Kevin Trapp from a chipped free kick and send Barca through. "When we analyse it, it is true that we have missed a major opportunity", said the Spaniard. "Then in the last two minutes we lost everything we had recovered in the second-half".

Business

USA shale plots production growth despite OPEC's warning

This comes as Exxon Mobil makes a big investment in the coming US oil boom as it plans to invest $20 billion in the Gulf Coast creating 35,000 construction jobs and 12,000 permanent jobs as it seeks to position itself as the USA becomes a major oil and gas exporter.

Business

Man picked to fix AIG will step down after massive loss

Activist investors Carl Icahn and John Paulson, who secured seats on the board past year, have also piled pressure on AIG's executives. Peter Hancock , the chief executive of insurance giant AIG , announced on Thursday (9 March) that he will step down after failing to receive support from shareholders.

Business

Electronics store RadioShack files for bankruptcy again

The companies had teamed up in 2015 after the troubled electronics retailer was emerging from a bankruptcy reorganization. The Fort Worth, Texas, company has already started closing roughly 200 stores and said it is "evaluating options" on its remaining 1,300 retail outlets.

Business

Surprise Boost in Stockpiles Knocks Down Oil Prices

While OPEC is leading an effort by global producers to clear a glut this year by reducing output, the organization is getting ready to meet rising demand in coming years. Libya's oil output is also edging higher and is close to 0.70 million bpd. Turmoil in Libya, which was exempt from OPEC's cut deal, underpinned prices.

Business

Aviva to return capital to shareholders as profits rise 12%

Shares in Aviva (LON:AV) have spiked more than six percent in London this morning, after the blue-chip insurer unveiled plans to return capital to shareholders, having strengthened its balance sheet. Offering both life and general insurance such as motor and home cover, Aviva is less exposed than more specialised motor insurers Admiral and Direct Line to a government change to the calculation of lump sum payments in personal injury claims.

Business

US Mortgage Applications Rise 3.3%, Adjustable-Rate Loans Gain Traction

On an unadjusted basis, the Index increased 16 percent compared with the previous week. "We also saw an increase in applications for adjustable-rate mortgage loans, as the ARM share reached its highest level since 2014", Kan continued. US mortgage application activity increased to its highest level in about 2-1/2 months even as 30-year home borrowing costs rose in the latest week, Mortgage Bankers Association data released on Wednesday showed.

Business

Euro jumps above $1.06 after Draghi signals no further rate cuts

The bank said these key interest rates will remain at present or lower levels for an extended period of time. These are just the headlines because the story is still unfolding as of this writing. It has already reached that goal with inflation of 2.0 percent in February. President of the European Central Bank (ECB) and chairman of the European systemic risk Board, Mario Draghi speaks as he attends a hearing of the European Parliament Committee on Economic and Monetary Affairs at the European ...

Business

WhatsApp Is Testing Chat Tools For Business

According to Reuters , WhatsApp has been surveying users to see how they feel about businesses contacting them and for what reasons this would be acceptable. Y Combinator president Sam Altman said in an e-mail he was not aware of the WhatsApp test but added: "We do generally see a lot of companies wanting to test their products with YC cos".

Business

Performance of Energy Transfer Equity, LP (ETE) Compared to Index

The growth estimate for the next five years is 47.13 percent (per annum). Energy Transfer Equity, L.P. provides diversified energy-related services in the Unites States. (NYSE:ETE). Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market.

Business

Checking the Overall Picture for Eli Lilly and Company (LLY)

Its shares gained 12.4%, while the industry registered an increase of 6.2%. The insider owns 341,806 shares as of less than 0.1%, now worth $28281028.44. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Wednesday, February 15th will be given a dividend of $0.52 per share.

Business

ECB Leaves Rates Unchanged, Repeats Accommodative Stance

ECB President Mario Draghi will hold a news conference at 2:30 p.m. Frankfurt time, or 8:30 a.m. But almost a decade after the 19-country currency bloc's economic woes began, it is looking in better shape. Economists in a Reuters poll said the ECB's next move will be either a tweak of its guidance in the second half of this year or a gradual reduction in its asset-buying next year.

Business

'Snappy' New IKEA Furniture Could Save Your Marriage

Instead of drilling the pieces together, homeowners can easily click the parts in place, thanks to small ribbed protrusions which easily slot into pre-drilled holes. The wedge dowel can be taken apart and reassembled many times without loss of structural integrity. "People move a lot more now", Brodin told Dezeen .

Business

Dollar index hits five-day high after strong U.S. private-sector jobs data

The likelihood the Fed will raise rates has not spooked investors, unlike the "taper tantrum" of 2013, because they perceive the economy is strong enough to withstand a rate hike and they see the need for a more normalized monetary policy. Investors cannot take major decisions till the United States jobs data is out, since the jobs and inflation data can be key reasons to raise or hold the interest rates.

Business

Analysts Opinions on: Whiting Petroleum Corp. (NYSE:WLL)

Several sell side analysts reviewed their recommendations on Whiting Petroleum Corp. Institutional Investors own 81.66% of Whiting Petroleum Corporation shares. Hotchkis & Wiley Capital Management LLC raised its position in shares of Whiting Petroleum Corp by 18.6% in the fourth quarter. Whiting Petroleum Corp (NYSE:WLL) has earned a consensus rating of "Hold" from the thirty-two research firms that are presently covering the company.

Business

Hawaii sues Trump over new travel ban

The judge in Hawaii federal court said that the state could add to its initial lawsuit, which had challenged Trump's original ban signed in January. Hawaii first filed its lawsuit February 3 - a week after Trump issued the original travel ban, which suspended the US refugee program for 120 days, banned Syrian refugees indefinitely and barred citizens of seven Muslim-majority countries from entering the United States for 90 days.

Business

Wells Fargo & Company Downgrades LGI Homes, Inc. (LGIH) to Market Perform

Can now owns 22,911 shares of the company's stock worth $844,000 after buying an additional 20,798 shares during the period. LGI Homes Inc was Downgraded by Wells Fargo to Market Perform on Jan 6, 2017. Sells 4,000 Shares of LGI Homes, Inc". In other LGI Homes news, insider Eric Thomas Lipar sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, January 19th.

Business

Children's Place Soars To High On Strong Earnings, Dividend Doubled

Analysts, on average, were modeling slightly higher revenue of $522.2 million, but with significantly lower adjusted net income of $1.59 per share. For the last period, the company reported quarter over quarter EPS growth of 25.90% and quarter over quarter sales growth of 3.90%.

Business

Former Chancellor George Osborne is earning £13500 A DAY working for BlackRock

Mr Osborne is paid £13,500 a day to act as a consultant to the BlackRock Investment Institute, the U.S. group's research arm, where he started working in February. Bloomberg paid £4,086.65 to fly Osborne and his wife out to Paris for a dinner last October, while Rose spent £4,753.62 to get Osborne to a festival in the well-heeled Colorado ski resort town Aspen.


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