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Business

Are Institutions Shifting Their Positions in Berkshire Hathaway Inc. (:BRK-B)?

Oncor is Texas' largest regulated utility, and commissioners would need to sign off on the company's sale. Effective upon closing of the transaction, Bob Shapard will assume the role of executive chairman of the Oncor Board, and Allen Nye will assume the role of CEO of Oncor .

Business

Tahoe Resources, Inc. (NYSE:TAHO) Cut to "Hold" at TD Securities

Comerica Bank raised its stake in shares of Tahoe Resources by 60.5% in the fourth quarter. The company's stock was at its highest in more than 10 years after Air Canada announced analyst forecasts had significantly underestimated one of its earnings benchmarks.

Business

Outdoor Retailer Comes Home To Denver

The change comes not because Denver has a bigger airport or extended a financial incentive. In February - facing pressure from prominent executives from Patagonia, Black Diamond and others - Outdoor Retailer officials said they were ending their two-decade run in Utah as a outcome for politicians in the state pushing to rescind national monument designations at Bears Ears and Grand Staircase-Escalante.

Business

Samsung Electronics expects record-high Q2 profits

Revenue increased 18% to 60 trillion won, which also beat analysts expectations of around 59 trillion won. The earnings forecast surpassed a market consensus of around 13.2 trillion won compiled by FnGuide, a financial information service provider.

Business

NJ Transit train derails at NYC's Penn Station, service suspended

The FDNY said its crews were responding to an NJ TRANSIT track and train. There was no immediate indication that the derailment, which occurred around 9 p.m., had caused any injuries or damage. Twitter user Kate Malloy called the scene "mayhem" alongside a photo showing firetrucks outside of the transit hub. Extra PATH personnel and Port Authority Police will be on hand at the those stations, Cross-honoring will not be in place at the Newark Penn Station facility, where NJT is ...

Business

GST has integrated India as one economic entity : FM

It was the will of the Modi Government which promised to stand by to compensate States which may lose revenue which brought all States to accept GST. Taking a dig at the Congress, he said the GST was in the party's election manifestos but at the last moment it did flip-flops as it was not sure if the new tax regime would pay off.

Business

I forgot about giving my brother millions, Mike Ashley tells cour

But he said he had been asked by Blue to make it a "fun night" and started drinking quickly. Sports Direct International PLC (LON:SPD) boss Mike Ashley has previously dismissed suggestions that he is Santa or Obi Wan Kenobi, but he confirmed at the High Court today that he is a "power drinker" who likes to get drunk.

Business

United States 30-year mortgage rates rise from November low - Freddie Mac

The Bank of Canada target for the overnight rate now sits at 0.5 per cent, with the market widely expecting a 25 basis point increase next week. It stood at 3.41 percent a year ago. 30 year refinance fixed rate loan interest rates at BB&T stand at 4.125% today carrying an April of 4.209%. Bankrate's national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in 10 top markets.

Business

Tour de France Stage 6: Marcel Kittel beats Arnaud Demare in Troyes

That show of force suggested Kittel, 29, is back to form he showed in 2013 and 2014 when he won four Tour stages in each year. It's another flawless stage for Quick-Step's Marcel Kittel, who would continue climbing closer to Arnaud Demare's lead in the green jersey competition with a third stage victory.

Business

Uber releases in-app tipping feature for New Hampshire drivers

On their end, drivers will be able to choose whether they want to access tips. But Uber finally reversed course after a rocky stretch for the company. Uber reportedly admitted back in May that the company took excessive commissions from New York drivers' fares and committed to making things right, however, The New York Times report indicates that the company docked much more from drivers than it confessed to.

Business

Qualcomm Files another Patent Infringement Complaint against Apple with International Trade Commission

Meanwhile, Qualcomm also filed a complaint in the US District Court for the Southern District of California against Apple. Qualcomm also wants a cease and desist that would bar sales of infringing Apple products that were already imported.

Business

USD Weakens as ADP Employment Report Disappoints

However, Zandi sees some "soft spots" ahead and believes that retail jobs will continue to decline as brick-and-mortar stores continue to lose business to online merchants such as Amazon. ASP said June's job gains were strongest in professional and business services, education and health services. Economists had expected the deficit to narrow to USD46.2 billion.

Business

Right time to invest? - WPX Energy, Inc. (WPX), Macy's, Inc

While looking at the Stock's Performance, Scorpio Tankers Inc. now shows a Weekly Performance of 0.75%, where Monthly Performance is 11.26%, Quarterly performance is -7.53%, 6 Months performance is -10.6% and yearly performance percentage is -6.9%.

Business

Luke Cage Season 2: Two Comic Book Villains Cast

Shakir's character is John McIver , described as "a natural leader, brimming with charisma, whose mission is focused on Harlem and vengeance". As more information on this cast announcement is released, Monkeys Fighting Robots will have it covered.

Business

China has a panda-shaped solar power plant in Datong

After 25 years of operation, the company says it will have produced 3.2 billion kWh of electricity, equivalent to saving 1.056 million tons of coal or reducing 2.74 million tons of carbon dioxide. Teenagers from 13-17 will descend on the site in August to see the Panda Solar Station in action and learn about the future of sustainable energy management.

Business

$0.24 EPS Expected for Barrick Gold Corp (USA) (ABX)

Investors wait Barrick Gold Corp (USA) (NYSE: ABX ) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.24 earnings per share, up $0.10 or 71.43 % from last year's $0.14 same quarter earnings. The current market capitalization of Barrick Gold Corp (NYSE:ABX) stands at 17.61 Billion. Barrick Gold Corp (NYSE:ABX) now has a trailing P/E of 13.15 while its forward P/E according to Thomson Reuters is 20.93.

Business

Fed Officials Split Over Timing on Reducing Debt Holdings

Aside from interest rates, the U.S. central hopes to reduce the size of its balance sheet , but policy markets are divided over when the start date should be. Vice-Chair Stanley Fischer anxious that low interest rates are driving home prices higher. Several members also saw recent increases in import prices as consistent with inflation rising over the medium term.

Business

US companies add a modest 158000 jobs in June

Economists had forecast the ADP National Employment Report would show a gain of 185,000 jobs, with estimates ranging from 140,000 to 233,000. Small firms added 17,000 jobs, mid-sized firms added 91,000 and large companies added 50,000. Economists surveyed by MarketWatch expect the government will report a June jobs gain of 179,000. "Professional and business services had the strongest monthly increase since 2014", said Ahu Yildirmaz, the vice president and co-head of ADP Research Institute.

Business

Microsoft confirms layoffs, reportedly impacting 3000 positions globally, mostly in sales

The job cuts amount to less that 10 percent of the company's total sales force, and about 75 percent of them will be outside the US, the company said. Azure sales were up 93 percent last quarter, in stark contrast to sales of boxed software to consumers, which has been declining for years. Many employees were set for 15-minute meetings with managers, according to the report .

Business

GST realises 'one nation, one tax' dream: Jaitley

In fact, Chidambaram had only a few days back said that the GST will lead to inflation and asked what precautions the government has taken to contain that. Chidambaram said "this is a very, very imperfect GST". Chidambaram said the Congress would continue to watch the roll-out of GST and articulate the fears and grievances of small and medium size and multi-state businesses and consumers.

Business

Monogram Residential Trust (NYSE:MORE) Earning Positive News Coverage, Report Finds

Hatteras Financial Corp.is an externally managed mortgage real estate investment trust (REIT) that invests in single-family residential mortgage real estate assets, such as mortgage-backed security (MBS), mortgage servicing right (MSR), residential mortgage loans and other financial assets.

Business

European Union authorities accuse GE, Merck and Canon of merger violations

GE renamed the unit, which produces 6MW offshore wind turbines, GE Renewable Energy. The commission and GE are discussing the objections and potential fine, a process expected to last until September or October, according to people familiar with the case.

Business

Etihad Responds To US Laptop Ban Removal From Its Airports

On Sunday, Abu Dhabi-based Etihad Airways said the electronic devices ban has been lifted on all its flights between Abu Dhabi and the United States following the successful validation of security measures at the U.S. The United States has stepped-down its 'electronics ban' on all Emirates and Etihad Airways flights from Dubai and Abi Dhabi to the U.S., with passengers again able to carry larger electronics like laptops, tablets and noise-cancelling headphones into the aircraft cabin, ...

Business

Why to Keeping Eye on General Electric Company (GE), NVIDIA Corporation (NVDA)?

After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. TrimTabs Asset Management LLC increased its stake in shares of NVIDIA Corporation by 88.9% in the first quarter.

Business

Gov. Ricketts Comments on EPA RFS Volumes Proposal

The target for biodiesel, which the category includes, for 2019 was set at 2.1 billion gallons - the same as for 2018. The American Petroleum Institute (API) welcomed the Environmental Protection Agency's (EPA's) proposal to slightly lower the total biofuel volume for 2018, but says that move does not go far enough.

Business

QVC to acquire its biggest rival in $2 billion-plus deal

Liberty Interactive Corporation has a one year low of $17.24 and a one year high of $27.06. Institutional investors and hedge funds own 89.54% of the company's stock. Its up 12.51% from 8.29M shares, reported previously. 03/10/2014 - UBS began new coverage on Liberty Interactive Corporation giving the company a "buy" rating.

Business

Canada trade data shows economic strength ahead of rate decision

The import of five new airliners in May contributed the most to the growth, Statistics Canada said Thursday without elaborating. The deficit had jumped in April and even after narrowing in May it was larger than at any point past year. Those two countries along with Mexico account for most of the US trade deficit. Those are the biggest trading partner of the U.S. Imports on the other hand decreased by 0.1% to $238.5bn despite record purchases of capital goods.

Business

5-magnitude natural disaster hits central Philippines, no tsunami warning

The natural disaster was felt at Intensity 5 in Tacloban City, Palo, Leyte, Cebu City; Intensity 4 in Talosa, Leyte; Sagay City, Negros Occidental; Burgos, Surigao del Norte; Intensity 3 in Bogo City, Cebu; Calatrava Negros Occidental; Intensity 2 in Libjo, San Jose, Cagdianao, Dinagat Islands; and Intensity 1 in Roxas City and La Carlota City, Negros Occidental.

Business

United Airlines apologizing (again) after selling 2-year-old's seat to standby

Yamauchi said she did not want to create a scene in the flight so she sat her son on her lap and didn't say anything till they reached Boston . Shirley Yamauchi told Hawaii News Now she paid almost $1,000 for her son's ticket to Boston , where she was attending a teacher's conference last week.

Business

U.S. lifts electronic device ban on Qatar Airways flights

The US is one of the main destinations for transit travellers to and from India. Emirates and Turkish Airlines , both also affected by the ban, said on Wednesday that measures have been lifted for flights departing from their Dubai and Istanbul bases respectively.

Business

Boston Advisors LLC Reduces Stake in Coca-Cola Company (The) (KO)

The lowest EPS estimate is $0.56 and the highest is $0.59. The business is expected to issue its next earnings report on Wednesday, July 26th. The latest broker reports which are now outstanding on Thursday 6th of July note 6 analysts have a rating of "strong buy", 1 analysts "buy", 7 analysts "neutral", 1 analysts "sell" and 5 analysts "strong sell".

Business

Students graduate with an average of £50k debt

The student loan debt levels are a "huge issue". "Under the Tories, student debt continues to rise with no end in sight, and students in the United Kingdom will now graduate with a shocking average of over £50,000 in debt". Mr Belfield says the 6.1% being charged on loans is "very high compared with current market rates". The rise in interest rates combined with tuition fees will push the yearly cost of attendance up to £9,250 per year for each student.

Business

Meira Kumar unsure of seeking Nitish Kumar's support for Presidential elections

Interestingly, Nitish Kumar's support to Ramnath Kovind has not only annoyed the opposition parties but also created friction between Nitish and RJD supremo Lalu Prasad who termed the Bihar CM's decision as a "historic blunder". "The atmosphere is challenging". "JD (U) has already made its mind and we can not encroach in that", said Verma. I want to share with you what she said.

Business

Cenovus Energy Inc (CVE) Receives Outperform Rating from Royal Bank Of Canada

Cenovus Energy (NYSE: CVE ) (TSE:CVE) previously issued its periodic earnings reports on early Wed, Apr 26th. So the company beats the analysts estimate by $0.02/share showing a surprise of 33.3%. But a clearer picture would only emerge once we also consider its current assets (including cash) and earnings. The Firm also conducts marketing activities and owns refining interests in the United States (U.S.).

Business

True Religion Sheds $350M In Debt With Bankruptcy Filing

Chapter 11, also frequently referred as the "reorganization chapter" of the bankruptcy code, permits a debtor to propose a plan of reorganization to keep their failing business alive and pay creditors over a period of time. The retailer focuses on selling denim products, and it will be able to continue operating thanks to its owner, TowerBrook Capital Partners . In court documents, True Religion has listed the estimated value of its assets at between $100 million and $500 million - the ...


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