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Australia's ANZ Bank 1st-half cash profit up, but misses estimates

In a sign of further job cuts to come, the bank on Tuesday said was moving to make its workforce and management ranks more "agile", which is meant to "reduce waste and bureaucracy". ANZ gained 0.58 per cent to $32.95, National Australia Bank rose 0.26 per cent to $34.09, Westpac lifted 0.68 per cent to $35.30 and Commonwealth Bank edged 0.07 per cent higher at $87.46.

Business

Stock within Traders Radar: Host Hotels & Resorts, Inc.'s (HST)

Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Host Hotels and Resorts during the fourth quarter worth $132,000. The number of shares now owned by investors are 1.03 bln. If you are accessing this piece on another website, it was stolen and reposted in violation of global copyright & trademark legislation. Deutsche Bancshares Ag invested 0.09% of its portfolio in Host Hotels and Resorts Inc (NYSE: HST ).

Business

Stock to Watch: Occidental Petroleum Corporation (OXY)

Bank of Nova Scotia Trust Co. now owns 4,389 shares of the oil and gas producer's stock worth $313,000 after buying an additional 55 shares in the last quarter. ILLEGAL ACTIVITY WARNING: "Peoples Financial Services CORP". 03/14/2017 - Occidental Petroleum Corporation was upgraded to "outperform" by analysts at Credit Suisse.

Business

Trump Open to Gas Tax Hike for Rebuilding Infrastructure

Reform of the corporate code, not individual taxes, is most urgent - in terms of boosting productivity. Ryan's plan calls for replacing the current corporate income tax with a 20 percent tax on US companies' domestic sales. If the measures were only temporary, US corporations might eventually have incentives to return to the current practice of hoarding untaxed profits overseas, he said.

Business

Murray Goulburn to shut plants, cut jobs

Murray Goulburn will also wipe the debt owed to them by hundreds of farmers since is slashed farmgate prices a year ago. In February, the company reported a $31.9 million loss in its half-year results leading to speculation that closures were imminent.

Business

Patterson-UTI Energy, Inc. (PTEN) Given "Hold" Rating at BMO Capital Markets

According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $30.07 on company shares. Institutional investors own 98.84% of the company's stock. According to this scale, a rating of 1 or 2 would indicate a Buy, and a rating of 4 or 5 would signify a Sell recommendation. Patterson-UTI Energy had a negative return on equity of 13.25% and a negative net margin of 34.79%.

Business

Apple stock falls amid iPhone, services disappointment

On a positive note, Apple boosted its share buyback program to $210 billion, up from $175 billion, and lifted its quarterly dividend payout by 10% to $0.63 per share. Fiscal second quarter iPhone sales also fell short of the 51.2 million iPhones that Apple sold in the same quarter past year. It sold 50.76 million iPhones in its fiscal second quarter ended April 1, down from 51.19 million a year earlier.

Business

Steady Stock: Yum China Holdings Inc (NYSE:YUMC)

Finally, Zacks Investment Research raised shares of Yum China Holdings from a "hold" rating to a "buy" rating and set a $35.00 price target for the company in a report on Wednesday, April 12th. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering.

Business

Trump's FCC chairman announces plans to abandon net neutrality enforcement

Pai's much-anticipated plan wasn't revealed in detail Wednesday, but he has promised it will facilitate a "return to the tried and true approach" of internet regulation from the Bush and Clinton administrations. Pai has argued for lighter-touch net neutrality regulation. That regulatory maneuver provided the legal underpinning to pass a strong set of rules that prevent internet service providers from discriminating against the type of content they deliver to their subscribers.

Business

Sprint narrows 4Q loss on revenue boost

The Overland Park, Kansas-based company reported a net loss of $283 million, or seven cents per share, compared to a loss of $554 million, or 14 cents per share, the year prior. Looking ahead, Sprint expects fiscal 2017 revenue in the range of $10.7 billion to $11.2 billion, with operating income ranging from $2 billion to $2.5 billion.

Business

U.S. spy satellite launched into space by Elon Musk's SpaceX

NROL-76, the designation for the classified satellite launch, was SpaceX's first dedicated mission for the military. "I can tell you that everyone of our launches, everyone of our payloads we put up in space brings new, incredible technology, new capabilities to our warfighters, our policy makers, all of it helps keep us safe as a nation", said Karen Furgerson, of the NRO.

Business

US Senate confirms Trump's pick for SEC Chairman

In a 61-37 vote, the Senate approved the nomination, with some moderate Democrats joining their Republican colleagues in supporting his confirmation. As chairman of the SEC, Clayton will police numerous same large banks that he has spent decades representing, including Goldman Sachs and Barclays.

Business

Georgia Ranks Fifth In Drinking Water Violation Study

According to the authors of the report , "There are untold numbers of unregulated contaminants in drinking water that pose health risks". The study also found the Environmental Protection Agency did not take enforcement action on roughly nine out of 10 violations nationwide, and NRDC calls on the agency to strengthen its rules.

Business

U.S. under Trump Series Lumber crash between Trudeau and Trump

Discussions on renegotiating NAFTA would begin only after that, Freeland said. "Politeness is something we believe is a national virtue, but it's not an accident that hockey is our national sport", Freeland noted. Trudeau and Trump spoke about the issues by phone. Some softwood lumber companies could begin issuing layoff notices as early as next week as the fallout from the new import tariffs slapped onto Canadian softwood by the US government start kicking in.

Business

Plagiarism or a 'wink'? Le Pen's copied speech targets right

Cedric Villani , a high-profile mathematician and commentator wrote in the left-wing Liberation newspaper Tuesday that abstaining " is the equivalent of giving half of one's vote to Marine Le Pen in the most important election that France has had for several decades ".

Business

Blasts, smoke in heart of Toronto financial district

Ms. Gass says some adjacent buildings will lose power until the end of the incident. Firefighters are still working to secure the area and hydro crews had to evacuate, delaying the fix work. Carbon dioxide tanks were rushed to the scene to control the fire. “It all leads up to one of these fires.”. The underground PATH system had to evacuated as well as the building adjacent to the explosions.

Business

Hollywood writers, studios keep talking past strike deadline

The two sides announced a tentative, three-year deal after a long day of negotiations and a little over an hour after the expiration of the previous agreement. Had strike action taken place today, it would have immediately shut down late-night talk shows and satirical series like Saturday Night Live , programmes which require daily writing schedules.

Business

Bitcoin soars above $1400 to all-time high

SBI Holdings has set up SBI Virtual Currencies, an exchange between the yen and cryptocurrencies like bitcoin and that of the Ethereum platform. Legalization of Bitcoin in Japan was supported by the major retailers of the country including consumer electronics giant Bic Camera, which began accepting bitcoins nearly as soon as the new law was implemented.

Business

Inmate dehydration death erupts into United States scandal

Thomas died on April 24, 2016, but it took a year before an independent jury examined the circumstances of his final days. Jurors recommended charges for abuse of a resident of a penal facility . Jails that reported at least one death that year had an average of 363 inmates, according to the report , while jails with two or more deaths had an average of 1,683 inmates.

Business

Education secretary to speak at historically black school

In a press release , school president Edison O. Jackson said DeVos is similar to school founder Mary McLeod Bethune in that she knows the importance of opportunity and has a similar mission to empower parents and students. Bethune-Cookman University doesn't need a photo-op from the Trump Administration, we need action done by this administration for all HBCUs. "They don't want her coming here".

Business

CMS Energy reports $199 million first-quarter net income

The company presently has an average rating of Hold and a consensus target price of $46.44. On average, equities analysts predict that CMS Energy Co. In the trailing 12 months period, return on assets ratio of the Company was 2.70% and return on equity ratio was 13.10% while its return on investment ratio was 7.20%.

Business

The US And Canada Are Fighting About Milk And Wood - Again

Freeland said she had had long conversations with Ross on Sunday and Monday about lumber. The dispute became news across the state when Grassland Dairy notified almost 60 farms in Wisconsin it would no longer buy their milk starting May 1st because of new trade policies by the Canadian government.

Business

Christie rejects bill aimed at Trump's taxes as a 'stunt'

In a statement removing the bill's disclosure requirement and replacing it with his own alternative transparency suggestion, the Republican governor and former presidential candidate acknowledged the bill followed the USA presidential race victory of fellow GOP nominee Donald Trump.

Business

Cam Talbot, Oilers hang on for Game 2 win against Ducks

Louis Blues will duke it out to determine who will gain the edge. And even though they roared to a three-goal lead after 12 minutes on Sunday, only to let the Oilers tie it eight minutes into the second, they packed a 6-3 victory in their bags as they flew to Kelowna, B.C., for two days before Wednesday's Game 4.

Business

OPCW to investigate alleged Syria chemical weapons attack in two months

But the United States military quickly responded on April 7, firing 59 Tomahawk cruise missiles at a Syrian airfield to punish the government and send a warning against any further chemical weapons attacks. The report also cited the French military's assessment that a warplane had been deployed from the Syrian regime's Shayrat airbase on the morning of April 4 and had carried out up to six airstrikes in the Khan Sheikhoun area.

Business

US Gasoline Inventories Rose for the First Time in 9 Weeks

Gasoline inventories rose 1.54 million barrels last week, surprising analysts surveyed by Bloomberg who projected the Energy Information Administration data would show a 2-million-barrel decline. At this pace, the crude production in the United States would reach close to 10 million barrels per day. USA gasoline production fell by 133,000 bpd (barrels per day) to 9,794,000 bpd on April 7-14, 2017.

Business

France elections: Marine Le Pen steps down as National Front leader

According to the French Interior Ministry, Macron won the first round with 24.01 percent of the vote, while Le Pen came in second with 21.3 percent of the vote. In the end, Mr Fillon trailed in third with 20.01 per cent, ahead of radical left candidate Jean-Luc Melenchon on 19.58 per cent. She has long distanced herself from her maverick father Jean-Marie, the former FN leader, and in the election campaign has put neither her party's name nor its trademark flame logo on her posters.

Business

Rescuers jump into flood to save baby trapped in flipped truck

A cellphone video taken Saturday shows the incredible rescue of a man and his two children after their truck flipped in floodwaters in Texas. Outside the truck, a group of five or six people were in the water, trying to pry open doors and windows - doing anything they can to free the family.

Business

Pentagon report says military sexual assaults decreased in 2016

The report said the defense department's sexual assault response plan in Fiscal Year 2016 included four areas of focus: Overall prevention, "quality response" to members reporting assaults, particular support for men reporting assaults and addressing retaliation against those who reported being assaulted.

Business

Silver Peak, Riverbed Weigh in on Cisco-Viptela Acquisition

After completing all of the customary closing conditions and regulatory review, Cisco expects to close the acquisition in the second half of this year. Cisco's plan to buy software-defined wide area networking company Viptela has caught the attention of the industry. Back in January 2017, it picked up application performance management (APM) solutions supplier AppDynamics for $3.7bn, adding end-to-end visibility and intelligence across customer networks and applications.

Business

Oil prices fall on expected climb in U.S. production

US gasoline stockpiles rose by 1.5 million barrels last week, defying market consensus of a 2-million decline, according to the weekly report released by the Energy Information Administration (EIA) Wednesday. Crude oil futures stabilized Thursday after sinking to their lowest level in almost three weeks overnight amid worries that USA production is overcoming cuts from major players elsewhere.

Business

Aetna Swings to Loss After Merger Fallout

Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. A number of equities analysts recently issued reports on the company. attained a Profit Margin of 3.60% *. Aetna's total revenue for the quarter dropped 3 percent to $15.1 billion from $15.7 billion in the year-ago period.

Business

Breaking up big US banks

If Trump wants a new Glass-Steagall Act, he'd have to get Congress to write it. Many argue that the weakening of Glass-Steagall was a major contributor to the financial crisis in 2008, though this claim is disputed. Of course, he had said it on the campaign trail, but this seemed different. "He's looking at a 21st century Glass-Steagall". Warren has proposed splitting commercial and investment banking, and also barring depository institutions from using modern financial instruments like ...

Business

SpaceX delays launch of secretive satellite for US Intelligence agency

National Reconnaissance Organization. The 23-story-tall Falcon 9 rocket took off at 7:15 a.m. ET from a launch pad at Cape Canaveral, Fla. The launch was originally supposed to be for Sunday, but the mission was postponed due to an issue with one of the first stage sensors.

Business

Trump administration can't guarantee middle class won't pay more under tax plan

The White House plan would eliminate the estate tax , which mainly affects the top 10 percent of income earners . Treasury secretary Steven Mnuchin says the current deduction wrongly forces the federal government to subsidize high state income taxes.


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