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Google parent Alphabet revs up revenue, profit

Revenue in the three months ended in March rose 22%, year over year, to $24.75 billion, yielding EPS of $7.73. Analysts expected the company to report earnings of $7.40 a share on sales of $24.22 billion. "We reorganized so we have one face to the customer", he said. But Google's results showed that controversy was little more than a speed bump for the company as revenue rose 22.2 per cent to Dollars 24.75 billion from USD 20.26 billion in the quarter ended March 31.

Business

No Fed rate hike; but officials see more ahead

FED WATCH: Investors expect the Fed to keep the benchmark US interest rate on hold this month but are looking to a post-meeting statement for signs of when the next increase might come. Analysts had been expecting the core measure to remain unchanged for the month. At the other end of the spectrum were financials, which gained 0.61 after the Fed's hawkish tone indicated the central bank could raise interest rates in June.

Business

OPEC heads for rollover, bigger oil cut unlikely: delegates

Brent futures fell $1.06, or 2.1 percent, to settle at $50.46 a barrel, the lowest close since November 29 - the day before OPEC agreed to cut supply. USA inventories fell less than all 11 forecasts by analysts surveyed by Bloomberg. Under the deal, Russian Federation pledged to reduce its average daily production gradually by 300,000 barrels to 10.947 million bpd from the October level of 11.247 million bpd.

Business

Google parent Alphabet's profit up 29% on strong ad sales

The bulk of revenues for Other Bets came way Nest, Verily and Google Fiber, Ruth Porat, CFO of Alphabet and Google, said on Thursday's earnings call. Revenue in the most-recent quarter, minus payouts to partners, rose was $20.12 billion, above forecasts of $19.76 billion. Operating income came in at $6.568 billion for the quarter, while operating margin was 27%, both showing increases from the first quarter of fiscal 2016.

Business

Anheuser-Busch Purchases Wicked Weed Craft Beer Brewer

The North Carolina Craft Brewers Guild has also taken a stand. Craft beer bars across the United States are refusing to sell Wicked Weed or any other AB InBev-owned beer. Specific financial terms of the transaction were not disclosed and the deal is subject to regulatory approval. "They have certainly made a profound impact on the Asheville beer scene, and they've helped raise the profile of North Carolina as a craft beer state".

Business

Trump to announce 'massive' tax cut for Americans this week

But most people approve of his efforts to encourage USA companies to stay in the United States, while those who say the economy is improving are outnumbering, by the biggest margin in 15 years, those who say it's getting worse. Trump plans a major cut in tax rates, focused on simplifying the tax code for individuals and families, lowering the corporate tax rate and a large tax cut for the middle class.

Business

NEW YORK (CNNMoney) - The oil market's OPEC bounce has completely evaporated

Tumbling prices would likely force OPEC members to extend production cuts later this month, but the prospect for deeper cuts appeared slim, analysts said. However, around the region, shares of airlines, which benefit from lower oil prices as it cuts their fuel bills, were riding an updraft. The demand for petroleum products is growing strongly and oil marketing and refining products also benefit from lower global prices, he said.

Business

Marks & Spencer appoint ex-Asda boss Archie Norman as new chairman

In 2016 he was appointed by the Department for Business, Energy and Industrial Strategy as its Lead Non-Executive Board Member. Norman, who stepped down as chairman of broadcaster ITV PLC (LON:ITV) in January 2016 and has also been a Conservative MP and shadow minister, will succeed Robert Swannell, whose retirement was announced in December.

Business

Former Jacksonville meteorologist named suspect in sexual assault

NH1's reporter will be live from the press conference with Chief Deputy Hart L. Daley at noon. The police report said the victim woke up and found Johnston in her bed. Following Thursday's news conference, WCSH President and General Manager Brian Cliffe wrote on the station's Facebook page, "We are disturbed to learn this troubling information".

Business

United States growth hits three-year low at start of 2017

Unable to meet the predictions of 1.1% made by analysts, growth in this quarter was marginally lower than that of the first quarter of 2016, which stood at 0.8%. The Bureau of Economic Analysis , which prepares the GDP report, has a three-year program aimed at addressing this problem, which has been particularly problematic in the first quarter.

Business

To widen appeal, Le Pen steps down as party leader

Hollande has asked ministers "to fully commit themselves in the election campaign to ensure that Marine Le Pen has the lowest possible score", the spokesman, Stephane Le Foll, said. The two face off in France's presidential runoff on May 7. Le Pen said on TF1 TV on Tuesday that "there is a revolt of the people against the elite" seen in Britain's Brexit vote and in the election of U.S.

Business

GOP health care bill lets employers cap benefits

On Thursday, the Republicans gained a slim victory in their effort to do away with Barack Obama's 2010 health care law, with a 217-213 vote in favor of their own American Health Care Act. "Difficult as the task has proven, we are hopeful that our federal lawmakers will continue to work hard to get this right for the people of IL and our nation".

Business

Justice Dept. reportedly investigating Uber's 'Greyball' software

The company, which is at loggerheads with traditional taxi drivers in nearly every country it operates in, has been criticised over its treatment of drivers, and has been at the centre of a sexism scandal. The company went so far as to check credit card data against popular credit unions used by law enforcement and mining public social media data to determine the suspected person's employment.

Business

Donald Trump's approval rating dips as he nears 100 days in office

Many millennials disapprove of President Donald Trump's performance, according to a Tuesday poll from Harvard, but they like many of his policies. In the survey, 49 percent of the people polled said Trump is doing a worse job as president than President Obama, and 39 percent say Trump is outperforming his predecessor.

Business

No Federal Charges In The Death Of Alton Sterling

The two white police officers who killed him, Blane Salamoni and Howie Lake, claimed they believed he was reaching for his gun when they opened fire. Meantime, Lloyd Thompson urges calm and patience after Wednesday's announcement that federal charges will not be filed against two Baton Rouge police officers involved in the shooting death of Sterling.

Business

Microsoft to unveil what's next on May 23

Surely the company will relax a bit for the rest of the month, right? You see, the company will be making a big Surface announcement in Shanghai! Microsoft has only just shown off its and already it's holding another Surface event on 23 May where the Surface Pro 5 is expected to appear.

Business

Apple makes $1B commitment toward more United States manufacturing jobs

The complex web of benefits that keeps most of Apple's manufacturing in China makes that unlikely , but a $1 billion investment gives Apple something to point to if Trump brings manufacturing up again. Cook brought up the Apple Watch's renewed focus as a healthcare gadget. "Comprehensive tax reform is so important to this economy". Apple will reportedly announce their first investment in May.

Business

Oil wipes out OPEC-inspired gains with break below $50/bbl

Total volume traded was about 37% above the 100-day average. Crude oil prices were moving sharply lower in early Thursday trading. Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected fall in USA crude stocks, reviving bullish sentiment about easing oversupply.

Business

HDFC reports 22% decline in Q4 net profit; declares dividend

IIFL Holdings today reported a 57 per cent rise in consolidated net profit to Rs 234.55 crore in the fourth quarter ended March 2017. In the year ago period, the housing finance major had booked a huge profit on sale of investments (HDFC sold shares of HDFC Standard Life) amounting to ₹1,520 crore.

Business

OPEC heads for rollover, bigger oil cut unlikely - delegates

Both benchmarks broke below closely watched technical levels, with US crude smashing below $47.23. Brent crude oil futures LCOc1 were down 32 cents at $50.47 a barrel by 0957 GMT, while U.S. "With the (Strategic Petroleum Reserve) drawing, total US petroleum stocks fell 161,000 barrels". Meanwhile, most OPEC nations that are taking part in the production cut agreement struck last November are continuing to reduce their daily production, with the group's total falling to 31.97 million bpd ...

Business

Oil dips on small USA crude stock drop and weak gasoline demand

The losses were reportedly a reaction to Saudi Arabia's budget deficit narrowing more than expected, which indicates it's coping with tepid oil prices brought about by oversupply; however, presumably investors are also concerned about US gasoline supplies rising by 1 million barrels last week, as well as Libya's production rising above 760,000 barrels per day (bpd), its highest since December 2014, according to the National Oil Corporation.

Business

Oil pinned near five-month low as global oversupply weighs

Brent crude futures, the worldwide benchmark for oil prices, were at $48.28 per barrel at 0305 GMT (8:35 am in India), down 10 cents, or 0.2 per cent, from their last close. Crude oil prices bounced back on Wednesday as a decline in USA inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output capped gains.

Business

Today's Brokerage Rating: Mattel, Inc. (MAT), Juniper Networks, Inc. (JNPR)

The stock's average target of $51 is 7.57% above today's ($47.41) share price. It has outperformed by 34.91% the S&P500. The company had a trading volume of 1,543,979 shares. Splunk Inc (NASDAQ:SPLK) was reduced too. Oakbrook Investments has invested 0.06% of its portfolio in Juniper Networks, Inc. Emerald Acquisition Ltd.

Business

Unusual Volume Spikes For: New York Community Bancorp Inc. (NYCB)

As a percentage of NYCB's recent stock price of $13.27, this dividend works out to approximately 1.28%, so look for shares of New York Community Bancorp Inc .to trade 1.28% lower - all else being equal - when NYCB shares open for trading on 5/4/17.

Business

Blueknight Energy Partners LP, LLC (BKEP) Broker Views On Wall Street

It has underperformed by 31.83% the S&P500. After a recent check on the stock, shares have been seen trading $-0.02 away from the 50-day moving average of $7.97 and $0.26 away from the 200-day moving average of $7.69. First Manhattan Co holds 0% or 500 shares in its portfolio. Sandy Spring Fincl Bank has invested 0.01% in Enbridge Energy Partners, L.P. (NYSE: EEP ).

Business

Dustin Johnson back after Masters withdrawal

The 32-year-old returns to action at this week's Wells Fargo Championship and told the Golf Channel: "I'm good to go". Leading up to the tournament, Johnson was on fire, winning both the WGC Mexico Championship and WGC Dell Match Play and was widely tipped to collect his second major.

Business

Elon Musk hints at Tesla Model Y crossover by 2020

Barclays analyst Brian Johnson said the drop off in customer deposits, along with the commentary around the Model S, might indicate an Osborne Effect in Model S and Model X orders. More Tesla mobile fix units: Because Tesla has built a new kind of vehicle, it's had to build a new kind of service model-one that includes mobile fix units.

Business

Puerto Rico requests bankruptcy protection for public debt

Rosello's request of a Title III means is an in-court debt restructuring process akin to USA bankruptcy protection. He said it was the right path for protecting Puerto Ricos residents and the interests of its creditors after a moratorium protecting the Caribbean island from creditor litigation expired on Monday.

Business

HSBC gets first dividend from USA unit since 2006

That figure beat estimates of $5.3bn in a survey by Bloomberg News. " Global Banking and Markets had a strong quarter, with large adjusted revenue increases in the majority of businesses compared with the same period a year ago", Gulliver said.

Business

Analyst's Proposition on E*TRADE Financial Corporation (ETFC), Swift Transportation Company (SWFT)

Several research firms have recently weighed in on COF. Shares of Capital One Financial Corp. Royal Bank of Canada reissued a "buy" rating on shares of Capital One Financial Corp.in a research note on Tuesday, April 4th. The stock was sold at an average price of $33.03, for a total transaction of $262,489.41. Insiders own 0.30% of the company shares. The sale was disclosed in a document filed with the SEC, which is available at this link .

Business

Frontier's stock plunges toward 34-year low after dividend cut, disappointing results

Frontier Communications Corporation (NASDAQ: FTR ) shares advanced 4.32% to $1.93 on Tuesday. The stock of Frontier Communications Corp (NASDAQ:FTR) has "Overweight" rating given on Wednesday, August 19 by Stephens. If you are accessing this piece on another site, it was illegally copied and republished in violation of US and global trademark & copyright legislation.

Business

Yum has a $130 million plan to turnaround Pizza Hut

Yum! said that Taco Bell rang up a same-store sales gain of a whopping 8 percent. On Tuesday, Taco Bell announced that it would be rolling out its Naked Chicken Chips - the brand's take on the chicken nugget - nationally in mid-May.

Business

Anti-militancy operation in south Kashmir ends, no contact with militants

In at least two villages, Turkawangan and Sugan, clashes were reported between the personnel and civilians. Witnesses said hundreds of residents came out onto the streets in two villages, Sug and Tarkwangan, during the search operations and threw stones at the soldiers.

Business

In latest airline video, Delta boots family from flight

Brian Schear was traveling with his wife Brittany and two of their young children on a Delta Airlines flight from Hawaii to Los Angeles when they were told they'd be sent to jail if they did not give up their two-year-old son's seat, they claim.

Business

Tesla, Inc. Posts Record Revenue Ahead of Model 3

However, 841% year-over-year growth in Tesla's smaller energy generation and storage segment, which accounted for about 8% of Tesla's total revenue in the first quarter and notably benefited from Tesla's acquisition of SolarCity in the fourth quarter of 2016, helped drive some growth, too.


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