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Snap Chat upgraded to Neutral By JP Morgan

Jefferies Group LLC reiterated a "buy" rating and issued a $30.00 price target on shares of Snap in a report on Monday, April 17th. 68,971,017 shares of the company's stock were exchanged. The firm's quarterly revenue was up 285.6% on a year-over-year basis. The 50 day moving average of NYSE:SNAP is 21.78 and the 200 day moving average is 21.81.

Business

United Airlines Says Some Cockpit Door Access Info Made Public

The Air Line Pilots Association, a union that represents about 55,000 pilots in the USA and Canada, said on Sunday that the issue has been fixed. "The safety of our customers and crew is our top priority and United utilizes a number of measures to keep our flight decks secure beyond door access information", United said in a statement to media outlets following the reports .

Business

No mass layoffs by Indian IT companies, says Nasscom

On Wednesday, it was Infosys , while on Thursday there is Tech Mahindra. At the end of December 2016, the company had over 1.17 lakh employees. The company is reported to have weeded out "non-performers" after a "rigorous performance appraisal".

Business

Work begins to fill hole at collapsed Hanford tunnel

Henderson said work continued overnight to prepare to fill the collapsed segment of the tunnel. Hanford, located in southcentral Washington state, has about 9,000 employees and majority were told to stay home Wednesday, Henderson said. Perry said Wednesday that the tunnel had obviously deteriorated and that the question that needs to be answered now is why. The site was established in 1943 to produce plutonium for nuclear weapons as part of the Manhattan Project.

Business

Deutsche reiterated Compass Group (LON:CPG) as 'Hold'

We have $15.74 PT which if reached, will make NASDAQ:ON worth $437.50M more. Among 29 analysts covering Diageo PLC ( LON:DGE ), 17 have Buy rating, 4 Sell and 8 Hold. It has a 25.83 P/E ratio. The Firm offers its services and products to clients in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Business

Asks Donald Trump To Stay In The Paris Agreement

He had been slated later Tuesday to meet key climate and economic advisers to discuss a possible withdrawal, but a senior White House official told AFP the meeting has been postponed . The White House had previously said a decision would be reached before Trump's appearance at the summit. Under the agreement, the USA pledged to cut its greenhouse gas emission by 26 to 28 percent from 2005 levels by 2025.

Business

Turkey slams USA arming Syrian Kurds in IS fight

Besides the upgrade in weapons, the Syrian forces received help in capturing the strategically important town and its adjacent dam from the USA -led global coalition fighting IS, which has provided backup with air strikes and special forces.

Business

Coach Buys Kate Spade

In this Friday, Nov. 27, 2015, file photo, shoppers wait in line outside a Coach factory outlet store at the Cincinnati Premium Outlets, in Monroe, Ohio. Coach said the combined firm will create a leading luxury lifestyle company with a more diverse multi-brand portfolio. Schulman officially begins his job on June 5.

Business

Not even the ACLU thinks Trump's religious liberty EO has teeth

One local church WAAY 31 spoke with Saturday held a vigil regarding the order - and State Line Seventh-day Adventist church Pastor Isaac Olatunji said he sees both sides in the matter. The order also "provides regulatory relief " and instructs the Department of Health and Human Services to "consider" providing religious exemptions to the Obamacare contraception and birth control health care mandate that religious organizations and companies, such as the Little Sisters of the Poor and Hobby ...

Business

Vodacom agrees $2.6 billion Safaricom deal to tap Kenyan market

Vodafone will continue to hold a 5% indirect interest in Safaricom following the transfer, in addition to the indirect interest held through Vodacom . A committee of Vodacom's independent non-executive directors has unanimously approved the transaction. The transaction is expected to close in the third quarter of the 2017 calendar year.

Business

Oil takes heart from decline in United States stocks

USA crude output has grown by over 10% since mid-2016 but didn't let oil prices to surge. United States crude stockpiles posted their biggest weekly drawdown since December last week as imports dropped sharply, while inventories of refined products also fell.

Business

Xi, Moon agree denuclearising North Korea 'common goal'

The South Korean statement said Trump said North Korea's nuclear problem was hard, but one that could be resolved. Moon's pick for National Intelligence Service chief is Suh Hoon, a longtime intelligence official Moon said would be the right man to push reforms at NIS, which has always been accused of meddling in domestic politics.

Business

Vista Outdoor (VSTO) Getting Favorable Press Coverage, AlphaOne Reports

The firm is expected to issue its next earnings report before the market opens on Thursday, May 11th. EPS was showed a loss of $4.66 million due to massive write-downs primarily related to its Hunting and Shooting Accessories reporting unit.

Business

Trump announces trip to Saudi Arabia, Israel, Vatican

The official did not provide any specific details and refused to say whether or not Trump will work to arrange a meeting between Prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas while on the trip. A USA administration official, however, said that the proposed sale was "undergoing interagency review". Government and diplomatic circles in Saudi Arabia welcomed today the announcement of the first official visit by US President Donald Trump as a significant ...

Business

Israel cuts funding to UNESCO

However, Netanyahu noted that more countries than usual were opposed to the UNESCO resolution: "More countries opposed this resolution than previous year and fewer countries supported it". The Swedish Foreign Ministry released a statement saying that it had "consistently strived for European Union unity on this resolution" but "since the European Union unfortunately has not been able to stay united, and since Sweden believes the current text is acceptable, Sweden has voted in favour".

Business

Trump, French president-elect Macron to meet on may 25 at North Atlantic Treaty Organisation summit

They include the man who led the elite French police unit that took down an Islamic State group cell, a computer whizz who started working at age 16 and a farmer. The rest will be from the centrist Modem party or rebels from the Socialists and right-wing Republicans - and he will likely need to form a coalition to govern.

Business

3 last-minute gifts for mom on Mother's Day

Because of you , I know the implications of bad decisions because you were there to not only say no, but you were there to let me know my decision was not the best. I believe that it is a special honor to be called mom. You took me places, you spent that, they said no, we went back. If you are surrounded by women who can't be vulnerable with one another, do a gut check on why that works for you , what are you afraid of in connecting with others? If you're far away, you ...

Business

BHP Billiton to return to being just BHP

Nearly three months after the disaster, chief executive Andrew Mackenzie made a pilgrimage to the city where the Broken Hill Proprietary company was formed, even though BHP had not mined there in almost 80 years. BHP, which has operations in 25 countries, will retain its dual listings in Australia and London. Scott Morrison, Australia's Treasurer, said the proposal was "unthinkable" and "contrary to the national interest".

Business

Belt and Road initiative opens way for Turkish-Chinese cooperation

On the other hand, the global economy is yet to emerge from the profound impact of the worldwide financial crisis. He talked of a new model of win-win co-operation, an implicit bid for Chinese global leadership at a time when other big economic powers like the United States and the European Union are preoccupied with internal problems.

Business

How lawmakers get their health care

At least it's not substantially more very bad than the Affordable Care Act, which it doesn't quite replace so much as mangle and leave dying on the side of the road. The same dynamic would exist for Medicare-for-all: American business leaders are starting to acknowledge our dramatically overpriced health care is crippling every other sector.

Business

U.S. beef headed to China

The North American Meat Institute commended the administration today following the announcement of a deal with the Chinese government to resume imports of US beef effective July 16, 2017. The United States ran a trade deficit of US$347 billion with China a year ago, US Treasury figures show. Chinese officials lavishly praised their USA counterparts over Friday's deal, saying the agreement resulted from "intimate" cooperation.

Business

TPG extends bid, raises offer offer for Fairfax Media

The offer values Fairfax around $2.75 billion and is a 12 per cent premium to the company's closing share price on Friday. The Fairfax board was due to vote on the TPG offer today, however, that now seems unlikely with TPG's new offer overnight.

Business

Russian Federation and Saudi Arabia to extend OPEC oil output deal

Oil halted gains near US$48 (RM209) a barrel after USA rigs targeting crude rose a 17th week, countering a report that Opec and other major producers reached an initial agreement to extend output cuts. However, higher output from the United States, which did not participate in the agreement to cut supplies, has undermined the efforts by OPEC and Russian Federation.

Business

Oil spikes as U.S. inventories tumble by more than expected

The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russian Federation have pledged to cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year. "With demand continuing to surprise to the upside", the global supply deficit may be as wide as 2 million barrels a day by July, he said at the S&P Global Platts Global Crude Summit in London on Wednesday.

Business

Oil Edges Higher As OPEC Reaches Consensus On Cut Extension

Oil prices have erased the gains achieved since November, when OPEC and other producers, including Russian Federation, agreed to cut output by about 1.8 million barrels per day (bpd). Saudi Arabia told Asian refiners of its first cuts in crude allocations since OPEC's output reduction took effect in January. The increase from Saudi Arabia comes as OPEC and its allies are likely to extend and possibly deepen their current output cut agreement to remove 1.8 million barrels of oil from the ...

Business

Snap CEO dismisses growth shortfall, scoffs at Facebook

Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and seventeen have issued a buy rating to the stock. Average revenue per user (ARPU) was 90 cents in the first quarter, up from 33 cents the same quarter a year earlier, but below the $1.05 per user in the fourth quarter of 2016.

Business

Bank of England says rates may need to rise before late 2019

Bank of England governor Mark Carney said the forecasts were based in part on "the adjustment to the UK's relationship with the European Union being smooth", with expectations that the Government will introduce a transition period to avoid a cliff-edge departure from the single market.

Business

SpaceX just successfully landed the Falcon 9 rocket

NROL-76, the designation for the classified satellite launch, was SpaceX's first dedicated mission for the military. While the details on most of SpaceX's missions are very public, this one was purposely shrouded in mystery: The rocket was ferrying up a spy satellite, the NROL-76, for National Reconnaissance Office (NRO).

Business

Released Chibok girls, a promise fulfilled by President Buhari: Niger CAN

Her father said if she is married, has a child or has converted to Islam it is "no problem". According to her, the release of the girls on Saturday, after over three years in captivity, is an act of God. During a meeting with the 82 newly released schoolgirls on Sunday night, President Muhammadu Buhari promised that he personally would oversee their rehabilitation and that they would be able to pursue their education.

Business

Here's Why Shares of The Trade Desk (TTD) are Skyrocketing Today

The ad-tech firm is rapidly gaining share across programmatic advertising, the firm's Shyam Patil notes, and rapidly growing mobile ads as well, with worldwide business scaling nicely. Also, COO Robert David Perdue sold 5,000 shares of the business's stock in a transaction dated Monday, March 27th. Operating expenses nearly doubled, from $27 million to $51.4 million, but net income for the quarter came to 13 cents per basic share and 11 cents per diluted share, compared to a $4.45 loss per ...

Business

Oil Prices Dropped as Oversupply Concerns Return

Oil dropped to the lowest level since late November on growing signs that OPEC's production cuts are failing to clear a surplus of crude. They announced output cuts of 1.8 million barrels per day for the first six months of 2017. There was also a sign of slowing energy demand in China, the world's largest second largest oil consumer, when a survey showed growth in that country's services sector was at its slowest in nearly a year in April.

Business

'We will get this done' Trump promises Israeli-Palestinian peace

Just over a month after Vice President Mike Pence said that President Donald Trump was considering moving the USA embassy in Israel to Jerusalem, the president has met with Palestinian President Mahmoud Abbas at the White House and vowed to put an end to the Arab-Israeli conflict.

Business

Is the U.S. considering banning laptops on all flights from Europe?

Britain followed with a similar ban applying to incoming flights from six Middle East and North African countries . The U.S. laptop ban and on other electronic devices larger than cell phones has affected direct flights to the United States by Royal Jordanian Airlines, Egypt Air, Turkish Airlines, Saudi Arabian Airlines, Kuwait Airways, Royal Air Maroc, Qatar Airways, Emirates and Etihad Airways.

Business

Macron takes power as French president

His opponents on the far-right and far-left, opposed to the European Union and major economic reforms, won around 50 per cent of the first-round vote. He later shook hands with well-wishers on the Champs Elysees, not far from where a policeman was shot dead by a gunman in April. More than 230 people have died in attacks claimed by Islamic State in France over the past two years as the country has taken part in military action against the militant group that controls parts of Syria and Iraq.

Business

Trump Reaches Preliminary Deal With China Over Beef and Chicken

The countries have agreed that China will allow USA imports of beef no later than 16 July. The agreement would also streamline the evaluation of pending US biotechnology product applications; pave the way for allowing American-owned suppliers of electronic payment services to begin the licensing processes in China and facilitate the entrance of Chinese banks into the USA banking market, among other measures.


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