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Business

Amended: German Industrial Output Growth At 3-Month High

Production has increased over the past five months. In annual terms, industrial production was 0.2 percent lower in May, again disappointing against forecasts for an increase of 0.2 percent. This "reflects a higher rise in imports than the rise in exports of goods, in particular transport equipment (cars, aircraft and ships), oil and electrical machinery from non-EU countries; a decrease in exports of services also contributed", the ONS said.

Business

Naby Keita's move to Liverpool seems like a complicated process

Reports have claimed that Keita, who scored eight goals and added seven assists in 31 Bundesliga appearances last season, has a release clause of around £48m effective from July 2018, even though Liverpool are willing to pay more than that now to secure his services.

Business

Tullow Oil plc 29.7% Potential Upside Indicated by Deutsche Bank

Barclays PLC now has a GBX 675 ($8.74) price objective on the oil and gas exploration company's stock, up from their prior price objective of GBX 625 ($8.10). The business also recently announced a dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, May 12th were paid a $0.595 dividend.

Business

Jawbone reportedly going out of business

Despite launching successive generations of the UP, Jawbone failed to gain a significant market share, particularly in the face of declining interest in consumer wearables. The liquidation of the original Jawbone company has not been confirmed and the company has not responded to requests for comments. The Health Hub is expected to service existing Jawbone products once the transition has been completed.

Business

Webbie Arrested For Allegedly Abusing His Girlfriend, Holding Her Captive

Officers at the scene said that the victim had welps that were "several inches long" along her thighs and back, in addition to cuts and bruises. Authorities say the victim claims Webbie had been using cocaine and marijuana for two days straight and that he had taken her cellphone away from her.

Business

Pistons fall in Summer League final in OT

In the 19 games following the trade, Galloway averaged 6.0 points, while shooting 47.5% from beyond the arc, 1.8 rebounds, 1.5 assists and 19.7 minutes with Sacramento. First round draft pick Tony Bradley of North Carolina finished with eight points and four rebounds for the winning Jazz. Detroit has also signed free-agent center Eric Moreland.

Business

Russell Investments Group Ltd. Sells 159673 Shares of Rite Aid Corporation (RAD)

Volume on the day was 45.24 million shares. It has underperformed by 12.43% the S&P500. Geode Capital Management LLC's holdings in Rite Aid Corporation were worth $32,830,000 at the end of the most recent reporting period. About 31.60 million shares traded. The institutional ownership stake in the corporation is 96.10%. Agios Pharmaceuticals Inc (NASDAQ:AGIO) was reduced too.

Business

Traders Buy Large Volume of Potash Corporation of Saskatchewan Call Options (POT)

Among 4 analysts covering Jimmy Choo Plc ( LON:CHOO ), 2 have Buy rating, 0 Sell and 2 Hold. Raymond James downgraded Potash Corporation of Saskatchewan (USA) (NYSE: POT ) on Wednesday, July 29 to "Mkt Perform" rating. About shares traded. Ilika plc (LON:IKA) has 0.00% since July 3, 2016 and is. Potash Corporation of Saskatchewan (POT) opened at 16.39 on Thursday.

Business

Bike Sharing Startup Gets $700 Mln

Since its launch in June of 2015, ofo has become the world's largest bike-sharing platform with regard to both size and market share. Ofo declined to disclose the valuation for the current funding round, but Dai told CNBC in April the company was worth more than $2 billion.

Business

How Wall Street Analysts Rate Vornado Realty Trust

The stock of Acuity Brands, Inc. 680879 shares were traded on Lexington Realty Trust's last session. Hedge funds and other institutional investors own 92.50% of the company's stock. The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets.

Business

Companies managing nuclear power plants under cyber attacks

The FBI and Department of Homeland Security have sent a warning to operators of the nation's power plants - nuclear and otherwise - that hackers are targeting such facilities, following a series of hacks that have targeted that critical sector since May.

Business

EQT Midstream Partners LP (EQM) EPS Estimated At $1.31

It has underperformed by 4.87% the S&P500. Among 11 analysts covering EQT Midstream Partners (NYSE:EQM), 8 have Buy rating, 0 Sell and 3 Hold. After having $1.36 EPS previously, EQT Midstream Partners LP's analysts see -3.68% EPS growth. For the next year, analysts expect that the firm will post sales of $912.80 million per share, with estimates ranging from $857.00 million to $1.04 billion.

Business

Opko Health, Inc. (OPK) went down -0.9% in the last trading session

During the trading on 07/05/2017, Company's stock ranged from $6.47 to $6.29. Gilead Sciences, Inc. (NASDAQ:GILD), stock is trading $88.85 above the 52-week high and has displayed a high EPS growth of 41.20% in last 5 years. If you are reading this story on another domain, it was copied illegally and reposted in violation of USA & global copyright & trademark law. Traders are a little more bearish on Opko Health, Inc .

Business

APTOPIX Hong Kong Ivory Seizure

The 40-foot container had been declared as containing frozen fish at the Kwai Chung Customhouse Cargo Examination Compound. Customs officials arrested the owner of the trading company behind the shipment and two employees, and further investigation is ongoing.

Business

Tom Holland Reveals His Spider-Man: Homecoming 'Audition Tape'

Toomes' moral code is a big part of the movie . The video also (jokingly) tells us that Holland has never picked up a comic book , with the actor calling his favourite superheroes the "Justice Avengers ". Of late, superhero movies have been extravagant and high-octane but this one is engaging and real. On how the shot of Spider-Man and Iron Man came to be: "I think what happened was in the very first trailer they wanted a shot of Spider-Man and Iron Man flying together".

Business

Antero Resources Corporation (AR) Expected to Post Quarterly Sales of $768.91 Million

Mraz Amerine & Associates has 18,100 shares for 0.13% of their portfolio. (NYSE:RRC) is a huge mover today! On Wednesday, May 17 RADY PAUL M bought $10.56M worth of Antero Resources Corp (NYSE:AR) or 500,000 shares. As per Thursday, March 10, the company rating was downgraded by Robert W. Baird. 01/25/2017 - Halcon Resources Corporation was upgraded to " by analysts at Capital One.

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 .


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