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Business

Cathay Pacific reports first annual loss in 8 years

The company unexpectedly swung to a loss of HK$575 million in 2016, versus profit of HK$6 billion in 2015 and well short of the HK$369 million profit forecast in a Bloomberg survey of 18 analysts. Cargo yield fell 16.3 per cent to HK$1.59. Chairman John Slosar expected operating environment remains challenging for the rest of the year. The blue-chip airline said Wednesday its 2016 net loss was 575 million Hong Kong dollars (US$74 million), the worst since the financial crisis in 2008, when ...

Business

Volkswagen CEO says he's open to merger talks with Fiat Chrysler

If both companies start the talks on the merger, the potential intricate matter is the rivalry between Fiat Chrysler and Volkswagen. Marchionne of Chrysler had always advocated for the auto industry to merge together with the aim of producing greener cars with better technologies.

Business

Iran May Cap Output If OPEC Remains Committed To Cuts

Oil last week broke below US$50 (RM222) a barrel for the first time since December as rising USA supply counteracted reductions by members of the Organisation of Petroleum Exporting Countries and 11 other nations that started January 1. This means that although much of OPEC claims it is cutting production, in reality its member countries are exceeding their quotas which prevents the price of oil from falling much.

Business

BJP junks all its sitting councillors

There is a strong resentment among the sitting BJP councillors and other senior party leaders after the saffron outfit's Delhi unit head announced its decision to drop all the sitting councillors for the upcoming civic elections. Tiwari claimed that BJP is not concerned about the feelings of sitting councillors. The Bhojpuri actor-turned-politician also attacked Chief Minister Arvind Kejriwal saying the Punjab and Goa verdicts have "shown the AAP the mirror" and that "it will face a similar ...

Business

Trump to sign sweeping rollback of Obama-era climate change rules

Environmental Protection Agency will revive a review of the feasibility of strict fuel efficiency standards through 2025, but will not seek to withdraw California's authority to set its own vehicle rules, a White House official said late on Tuesday.

Business

American Airlines brings back free meals on some flights

American Airlines will provide meals at no extra cost for all main cabin seats on two transcontinental routes, beginning May 1. American's move comes two months after Delta started serving free coach meals on its flights between NY and both Los Angeles and San Francisco.

Business

Aralez Pharmaceuticals Inc. (NASDAQ:ARLZ) Experiencing Unusual Activity Mid-day

The stock now shows its YTD (Year to Date) performance of -44.22 percent while its Weekly performance value is -32.79%. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

Business

GOP plan: paying more for less

But the changes are more widespread than that. Where are already-struggling families supposed to find the money to save in those health care accounts? Certainly, there are parts of the ACA that could be improved. Thirty-one states elected to participate in this open-ended coverage, which has provided health insurance to millions of low-income Americans. The budget office also said the American Health Care Act would reduce federal deficits by $337 billion over the coming decade.

Business

OPEC expects increase in 2017 world oil demand

Gains made since Opec announced output cuts late past year have almost all been erased. Extending OPEC's cuts will accelerate the re-balancing of the market and help prices to return to "acceptable" levels, Kuwait's Oil Minister Issam Almarzooq said , according to the official news agency Kuna.

Business

Singapore beats Hong Kong to claim title of 'World's Best Airport'

The Singapore global airport acquired the top spot ahead of Tokyo's Haneda airport and South Korea's Incheon worldwide Airport. Germany's Frankfurt Airport is the only newcomer to this year's World's Best Airports list, booting Osaka's Kansai International Airport from the top 10.

Business

Axalta Coating Systems Ltd (AXTA) SVP Michael A. Cash Sells 25000 Shares

Coatings; Markevich Steven R. disposed a total of 1,691 shares at an average price of $29.49, amounting to approximately $49,868. The number of shares now owned by investors are 238.02 mln. 7 Wall Street Firms have rated the stock as a strong buys. In Axalta Coating Systems Ltd . (NYSE:AXTA)'s latest quarter, EPS moved to $0.28 from $0.32 in preceding quarter and revenues reached at $1,029.40M compared to $1,029.10M.

Business

SA to build Australia's largest battery to store renewable energy

Australia's businesses have largely welcomed the South Australian government's half billion-dollar plan to secure the state's energy supply but raised ongoing concerns about fragmented national policy. The minister said the plan would also create about 650 jobs, although it stopped short of guaranteeing the new gas plant would be up and running by next summer.

Business

Four To Be Charged In Yahoo Cyberhacks

The report cited an anonymous person described as having been briefed on the matter. Late that year, senior executives and some legal staff were told that "a state-sponsored actor had accessed certain user accounts" by exploiting an account management tool, Yahoo said in a recent regulatory filing.

Business

Yesterday Stock's Trend: Pfizer Inc. (PFE), Cisco Systems, Inc. (CSCO)

Several other institutional investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC boosted its stake in shares of Cisco Systems by 7.0% in the third quarter. This is a boost from Cisco Systems's previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, April 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.39%.

Business

Asian stocks drift as investors await Fed meeting

Most investors expect it to raise rates for only the third time since they went to almost zero during the financial crisis in 2008. Investors will also be keeping an eye on the Fed's outlook for more rate hikes this year. Australia's S&P/ASX 200 also was steady at 5,759.10. The stock ended the day 0.5 percent higher. The dollar edged up to 114.89 yen from 114.88 yen while the euro slipped to $1.0628 from $1.0653.

Business

US Shale Growth Threatens OPEC Deal

U.S. West Texas Intermediate crude (WTI) CLc1 settled down 9 cents at $48.40 a barrel. U.S. crude oil output rose to 9 million barrels a day in February, up 430,000 barrels a day from last September, according to the OPEC report. This huge amount of new US oil means that America is even exporting crude oil to OPEC members. USA drillers added oil rigs for an eighth consecutive week, Baker Hughes data showed on Friday, and they have announced ambitious production growth plans.

Business

$13 billion tech titan Citrix is reportedly looking for a buyer again

Many analysts are providing their Estimated Earnings analysis for Citrix Systems, Inc. and for the current quarter 21 analysts have projected that the stock could give an Average Earnings estimate of $0.95/share. The Company now has Insider ownership of 0.6 Percent and Institutional Ownership of 96.5 Percent. As far as the returns are concern, return on investment was -3.60%.

Business

Former Atlantic Club casino to be sold, converted to indoor water park

But over the years, as the Atlantic City casino market expanded, the casino changed hands several times and went through a series of names: The Grand, Bally's Grand, the Atlantic City Hilton, ACH and finally the Atlantic Club. Since then the location has been owned by Caesar's and then Florida-based TJM Properties Inc. "I don't even want to say the C-word", he said. Atlantic City casinos had their fortunes buoyed yet again last month by New Jersey's online gambling operations.

Business

Dubai gold prices remain steady at Dh145.75

Meanwhile, holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.83 percent on Monday. Silver inched up 0.1 percent to $16.95 per ounce. On the other hand, after the expected rate hike is announced, there will be lots of geopolitical uncertainty and equities are still highly overvalued.

Business

Shares of Rio Tinto Plc (RIO) Sees Large Outflow of Money

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RIO. Barclays PLC restated an "overweight" rating and set a GBX 4,490 ($54.90) price objective on shares of Rio Tinto plc in a report on Thursday, January 26th.

Business

Lloyds sends 2000 staff to IBM in IT deal

Project Aurora was due to be announced in January but negotiations with IBM are taking longer than originally thought, said the union. Credit Suisse Group AG upped their target price on shares of Lloyds Banking Group PLC from GBX 65 ($0.79) to GBX 68 ($0.83) and gave the stock a neutral rating in a report on Thursday, February 16th.

Business

Oil prices slide but Vancouver gas prices still remain high

West Texas Intermediate for April delivery was off by $1.06 at $47.34 USA per barrel. There are two ways to read the numbers. The Organization of the Petroleum Exporting Countries said in its monthly report that oil stocks in industrialized nations rose in January to stand 278 million barrels above the five-year average, with US shale and other non-OPEC supply gaining.

Business

Southcross Energy Partners, LP (NYSE:SXE) Valuation According To Analysts

The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.01. Jpmorgan Chase Company has invested 0% in Southcross Energy Partners LP (NYSE:SXE). The stock is now showing YTD performance of -29 Percent. The institutional investor owned 50,759 shares of the company's stock after buying an additional 34,059 shares during the period.

Business

Fire hits Syncrude mine in northern Alberta

The cause of the fire and the number of injuries has not yet been confirmed, although several witnesses say multiple ambulances have arrived at the facility. In an update released late Tuesday evening , the company said crews with Syncrude Emergency Services and Operations had isolated and controlled the fire.

Business

Troubled Toshiba misses deadline to report earnings. Again

In February, Toshiba's chairman stepped down. Embattled Toshiba Corp . again postponed its financial results announcement, due March 14, because auditors have yet to approve the report due to questions over the auditing of its US -based nuclear unit, Westinghouse Electric Corp.

Business

Stock Price of Petroleo Brasileiro SA- Petrobras (PBR) Decreases -8.13%

The analysts offering Earnings Estimates for the company were believing that Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR ) could bring EPS of $0.13/share. - Petrobras has lost 8.13% in the last five trading days and dropped 8.4% in the last 4 weeks.Petroleo Brasileiro S.A. - Petrobras has dropped 13.23% during the last 3-month period.

Business

OPEC increases global oil demand growth outlook by 500000 barrels per day

U.S. West Texas Intermediate crude (WTI) declined 45 cents, or 0.9 percent, to $48.04 a barrel, also the lowest since November 30. Since the landmark decisions late a year ago by OPEC and non-OPEC producers to cut output by a collective 1.8 million b/d, supply fundamentals along with stock data, which holds evidence of market rebalancing, has had a strong grip over sentiment.

Business

French Connection Annual Loss Widens But Sees "Noticeable" Improvement

The investment firm is also urging the company to speed up its store closure programme, particularly with the sale of the Oxford Street flagship lease in London. Sales at stores open for more than a year in the United Kingdom and Europe were up 4.4 percent. Like-for-like retail sales in the UK/Europe rose by 4.4% and online sales were up by 12 .7% and now represent 27.3% (2016: 23%) of retail revenue.

Business

'Twisted' murderer Ali Qazimaj is jailed for 35 years

Yesterday (Monday) it took a jury less than four hours to find Qazimaj - who insisted that he was a man called Vital Dapi who had never before been in the United Kingdom - guilty of the murders of Mr and Mrs Stuart. Vital Dapi, 44, a former commando and suspected hitman, mistakenly believed that his victims, Peter and Sylvia Stuart, were millionaires. Officers detained Qazimaj but he claimed it was a cause of mistaken identity but Essex Police had his fingerprints on file from a prior ...

Business

Marathon Oil Corporation (NYSE:MRO) from Independent Oil & Gas - Todays Top Gains

LLC bought a new stake in shares of Anadarko Petroleum during the fourth quarter worth $106,000. I.G. Investment Management LTD. increased its position in shares of Anadarko Petroleum by 2.2% in the fourth quarter. Investors of record on Wednesday, March 8th will be issued a dividend of $0.05 per share. The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th.

Business

Abraxas Petroleum +13% AH as Q4 brings surprise profit

Tudor Investment Corp Et Al bought a new position in shares of Abraxas Petroleum Corp. during the fourth quarter valued at $106,000. Abraxas Petroleum Corp. San Antonio-based Abraxas Petroleum Corp. lost $5.3 million during the fourth quarter, beating Wall Street estimates. The stock tapped a 52-week high of US$34.36 while the mean 12-month price target for the shares is US$28.24.

Business

At $44.5 oil benchmark, Nigeria's 2017 budget may be at risk

Reports have indicated that the countries have been keeping up with their pledge, leading to some upside in the commodity early in the year. The exports were down by 113,000 b/d, or 8% from past year. While compliance to the agreed cuts has been high within Opec , there are question marks over Russia's commitment in the first two months. With the Fed all but certain to raise rates, investors have been weighing how oil's precarious level and looming inflation readings could impact the ...

Business

Catabasis Pharmaceuticals Inc (CATB) Earns Outperform Rating from Wedbush

Catabasis Pharmaceuticals Inc (NASDAQ:CATB) was the recipient of a significant growth in short interest in February. Catabasis Pharmaceuticals, Inc. Current price places the company's stock -57.69% away from its 200-day simple moving average, -35.52%, away from the 50-day average and also 33.17% away from 20-day average.

Business

Here's Why Your FICO Credit Score Could Be Going Up Soon

Here's potentially good news for consumers: The nation's three largest credit-reporting agencies reportedly will soon exclude tax liens and some civil debts from their reports. Tax liens and judgments will only be erased if they don't contain all of the following information: a name, an address, and either a date of birth or a social security number.

Business

The Walt Disney Company (NYSE:DIS)

Godsey & Gibb Assoc has invested 2.36% in Walt Disney Co (NYSE:DIS). Cadinha & Co. LLC's holdings in Walt Disney were worth $13,019,000 at the end of the most recent quarter. This story was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of USA and global copyright laws.


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