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Business

Twitter Reports Zero Subscriber Growth in Q2, Stock Takes Dive

Not only was this metric short of the 329 million expected, but it's unchanged from the prior quarter. "We're proud that the product improvements we're making continue to increase their overall contribution to Twitter's growth", Twitter chief executive Jack Dorsey said in a statement .

Business

BMW commits to electric versions of every model

The new fully electric Mini is one of a series of electric models to be launched by the BMW and Mini brands in the coming years. Will someone please think of the poor duck?! The BMW Group has announced that the new battery-electric MINI will be a variant of the brand's core three-door model.

Business

Shock for AZ as MYSTIC trial stumbles at first hurdle

The setback has also proved a major negative for investors in the Anglo-Swedish firm, and the company's stock has plummet ted as a result. Tumors with higher levels of PD-L1 are believed to be more vulnerable to cancer immunotherapies, which is why the protein is often used as an enrollment biomarker in clinical trials.

Business

ICICI Bank standalone net dips 8% in Q1

Our investments in Retail franchise are now demonstrating meaningful outcomes with significant momentum through robust CASA growth of 55.2% taking CASA ratio to 36.8% and Core Retail Advances growth of 166%. The large-cap bank has equity capital of Rs 457.64 crore. The board of the company also approved stock split in the ratio 1:5. Net NPAs or bad loans too went up marginally at 0.39 per cent of net advances on June 30, 2017.

Business

Sensex Surges Nearly 250 Points, Nifty Hits 10100: 10 Points

The BSE Sensex , too, touched a new high of 32,413.63 points during the intra-day trade. The Nifty of the National Stock Exchange (NSE) gained 56.1 points to close at 10,020.65. Foreign portfolio investors (FPIs) sold shares worth Rs 60.60 crore while domestic Investors net bought Rs 676.61 crore of shares yesterday, showed provisional data.

Business

Samsung Electronics reports 85 percent jump in profit

Operating profit jumped 73% over a year earlier to 14.1 trillion won while sales rose 20% to 61 trillion won, in line with its earlier guidance. Just as Saudi Arabia dominates in oil output, Samsung leads in manufacturing the high-tech commodity of memory chips, which enable the world to store the data that fuels the digital economy.

Business

Amazon Takes On Alibaba, Launches Prime Now Service In Singapore

Delivery times for Amazon Prime Now in Singapore will be from 10am to 10pm, seven days a week. Amazon's entry into the region sets the stage for a clash with Chinese tech giant Alibaba , which controls Lazada , South-east Asia's largest e-commerce site.

Business

Sydney police kill suspected robber in main train station

Police were called to the florist at the Eddy Avenue entrance to the city's main station following reports of an armed robbery at around 6:45pm on Wednesday evening. Police are appealing for witnesses to come forward to Crime Stoppers on 1800 333 000. "I feel bad for (the florist)", he said. "I don't want to stay home", he said.

Business

Checking Out the Fundamental Data for The Coca-Cola Company (KO)

Coca-Cola Company (The) (NYSE:KO) pays an annual dividend of Community Ranking: with a yield of 3.30% and an average dividend growth of 7.70% based on a 3 Year Average. Company fiscal year is ending in May and analysts' consensus recommendation is Outperform for FDX and estimated EPS for next quarter is $ 2.62. The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd.

Business

Blue Apron Holdings Inc (NASDAQ:APRN) Coverage Initiated at William Blair

Additionally, analyst Youssef Squali of Sun Trust rates Blue Apron a Buy with a $12 price target; Jason Helfstein of Oppenheimer rates an Outperform with a $11 price target; while Heath Terry of Goldman Sachs rates a Buy on the stock with an $11 price target.

Business

Chipotle Mexican Grill, Inc. (NYSE:CMG)

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Chipotle Mexican Grill wasn't one of them! (NYSE: CMG ) for 49,243 shares. The Company's Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. Chipotle Mexican Grill (NYSE: CMG ) last released its quarterly earnings data on Tuesday, July 25th.

Business

UK Regulator to Extend Senior Manager Conduct Rules to All Finance Firms

In terms of the timeframe for the new regime, the Treasury has said it wants it to be in place in 2018. The FCA is set to bring in a new set of rules for all regulated firms, including financial advisers, to ensure individual accountability and conduct standards are met.

Business

8 dead as building collapses in Nigeria's Lagos Island

But overnight and around 11.00am on Wednesday, six more dead bodies were recovered, making it six people who have died so far. He said that the required six-foot in-between building was not observed in the area, adding that the adjacent building was also under threat of collapse.

Business

Barrick Gold Corporation (NYSE:ABX) Raised to "Hold" at Zacks Investment Research

About 2.64M shares traded. It has underperformed by 16.70% the S&P500. Security National Bank Of So Dak decreased its stake in Cvs Health Corp (CVS) by 41.74% based on its latest 2016Q4 regulatory filing with the SEC. Barrick Gold Corporation has raised its dividend for 12 consecutive years. On 21 July 2017, Aptose Biosciences Inc. The last session's volume of 24.81 million shares was higher than its average volume of 10.12 million shares.

Business

Like a bad neighbor, Jake Paul is there

The popular YouTube star has starred as Dirk Mann on Disney Channel's hit show Bizaardvark for the past year and a half, but it appears he'll be leaving the show part way through season two. In the same interview, Paul climbed onto the news van parked outside his house. Jake, who has eight million subscribers on YouTube, also spoke to the channel saying he "felt bad" for the neighbours and the situation was "terrible".

Business

West Ham sign Javier Hernandez from Bayer Leverkusen

As Manchester United struggled for goals last season, new manager Jose Mourinho lamented the decision of Van Gaal to sell the striker to Bayer Leverkusen in 2015 and indicated how helpful it would have been to have had the player to call upon.

Business

Crude Oil Charging Toward $50 After API Inventories

Brent crude futures rose $1.60 or 3.3 percent to settle at $50.20 a barrel, the first time the benchmark closed above $50 since June 6. Crude oil futures continued to rise Wednesday morning amid hopes that OPEC's determination to cut supplies will end the global supply glut.

Business

Ford Motor Co Earnings Rise 14% In Q2

Against a backdrop of declining sales for the US auto industry, Ford leaned heavily on consumer discounts during the quarter and the value of its unsold vehicles rose. Ford shares were down 25 cents or 2.3 percent at $11.02. Ford attributed the beat to a lower-than-expected tax rate due to changes in the way it accounts for losses incurred by the company's overseas operations.

Business

Oil tanker owners announce countrywide strike

Owners of Pakistani fuel tankers ended their protest strike on its third day, dispelling fears of a shortage that prompted long queues at petrol stations countrywide. Joining in arguments, Deputy Inspector General (DIG) Motorway Police Mirza Farhan told the court that three oil tankers' overturning incidents have taken place within a month after Ahmedpur Sharqia tragedy.

Business

Seattle, Portland See Biggest Increase In Home Prices Nationwide

Home prices in San Diego increased by 1 percent from April to May, and 6.6 percent since May of past year, according to the Standard & Poor's CoreLogic Case-Shiller Indices that were released Tuesday. Since 2012, the nation's tech capital, the San Francisco Bay Area, has experienced the biggest gain in home prices, according to the Case-Shiller report.

Business

Government cracks down on leasehold abuse

Although the proposals will not help those now locked into leasehold tenancies, the consultation will look at tackling unreasonable ground rent rises in the future. It does not believe developers are passing the discount there should be on a leasehold option to consumers. But the charges, which are often bundled together and traded by property companies, are themselves big business: in fact, analysts at Shore Capital have suggested ground rents on new-build homes could net their owners as ...

Business

Man Charged Over Alleged Road Rage Attack On The Central Coast

Footage of the assault was uploaded to Facebook by Dwayne Pillidge. Vision posted on social media shows a man getting out of his auto, walking towards a woman as she stood next to her vehicle and punching her in the face. Another woman, believed to be in the driver seat of the same auto, also took to Facebook to tell her alleged side of the story. 'However at this time no formal complaint has yet been made and so we are still appealing for any other witnesses to come forward, ' she added.

Business

Coca-Cola Company (The) (NASDAQ:KO) To Release Earnings

Feltz Wealth PLAN Inc. acquired a new position in Coca-Cola Company (The) during the first quarter worth approximately $150,000. Iberiabank Corp now owns 14,973 shares of the company's stock worth $621,000 after buying an additional 840 shares during the period.

Business

Inked! Drake gets Lil Wayne's face tattooed on his triceps

Lil Wayne signed Drake to Young Money in 2009, which helped propel the latter's rap career and became the start of the duo's friendship and work relationship. The "No Complaints" rapper, 30, revealed his latest tattoo - a highly detailed tribute to his mentor and idol Lil Wayne along his left tricep - while performing in Houston over the weekend.

Business

Pradeep back in Sri Lanka's Test squad

The Sri Lankans have always been traditional rivals for India and are considered a good team at home to play. We have come a long way from that tour. If someone bowls in good areas, there will be good results. "We have been able to put ourselves in a position in games, 80-85 percent of the games, where there's only one victor left", Kohli said.

Business

ITV share price rallies even as half-year revenues fall

ITV blamed the decline at ITV Studios on its investment in its U.S. drama business and the absence of revenues from The Voice of China . Family net advertising revenue is expected to be down by 4% in the third quarter, impacted by wider economic uncertainty, the company said, but is seen outperforming the broader television advertising market.

Business

Hyundai reports 51% drop in second quarter net profit

Earlier on Wednesday, Hyundai Motor said its second-quarter net profit halved from a year ago to 817 billion won ($729.14 million) - its 14th straight year-on-year fall and the smallest since the first quarter of 2012. Hyundai Motor plans to focus its efforts on expanding its shares in Europe and emerging countries while developing new markets. Sales in Russian Federation jumped 10.5% to 71,000 units in the first half from a year ago, while those in Brazil also rose 5.6% to 84,000 units.

Business

Construction and manufacturing slumps weighs on UK GDP

That, however, was largely offset by a sharp decline in construction and manufacturing, which suffered a slowdown after two consecutive quarters of growth. That would be little better than in Q1, when GDP rose by just 0.2%. "Production, construction and agriculture contributed 0.04, 0.01 and 0.00 percentage points to the headline figure respectively", it said in a statement.

Business

New Rs 200 Notes All Set For Release

The Reserve Bank of India reportedly stopped printing Rs 2000 notes in March this year. The shortage of Rs 2,000 bills in circulation may continue for some more time with the Reserve Bank of India having completely stopped printing the pink currency that was introduced in the wake of the government's demonetization decision in November past year.

Business

Emraan Hashmi, Sunny Leone set the temperature high in 'Piya More'

In a latest song of film Baadshaho , bollywood's Sunny is setting the stage on fire with Emraan Hashmi in Piya More . Sunny Leone has agreed to do a special song in Aditi Rao Hydari and Sanjay Dutt starrer revenge drama " Bhoomi ".

Business

Analysts Offer Predictions for Physicians Realty Trust's Q2 2017 Earnings (DOC)

The total value of its holdings increased 225.3%. A number of research analysts have commented on the company. Finally, Stifel Nicolaus reissued a "buy" rating on shares of QTS Realty Trust in a research report on Tuesday, April 25th. In other QTS Realty Trust news, Director Stephen E. Westhead sold 1,600 shares of the firm's stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $49.74, for a total value of $79,584.00.

Business

U.S. dollar on the back foot

On Monday, Jared Kushner, Trump's son-in-law and a senior White House adviser, told Senate investigators he had met with Russian officials four times a year ago, but said he did not collude with Moscow. The Australian dollar slipped 0.3 percent to $0.7918. Attention turns to two key events on Wednesday: June quarterly inflation data and a speech on the labour market and monetary policy from Reserve Bank of Australia Governor Philip Lowe.

Business

Credit Agricole SA Has $605000 Position in United States Steel Corporation (X)

In the latest earnings report the EPS was $-1.71 and is projected to be $0.90 for the current year with 174,659,000 shares presently outstanding. United States Steel Corporation (NYSE:X) issued an update on its FY17 earnings guidance on Tuesday morning.

Business

Metal Detectors Will Be Removed From Jerusalem Holy Site

Also on Friday , three Israeli settlers were killed in a stabbing attack in the occupied West Bank. Also, three Palestinians were killed and tens were injured on Friday during the clashes with the Israeli security forces. Jordan is the official custodian of Muslim holy sites in Jerusalem . An Israeli military spokeswoman said the attacker's brother was arrested and that security forces were restricting movement of Palestinians from his village.

Business

Trump Says Yellen, Cohn Both in Running to Be Fed Chair

The Federal Reserve will not be targeting a specific dollar level and will have no major issues with a weaker currency, but the sharp USA currency decline over the past few weeks will have a significant impact on the Federal Reserve Open Market Committee (FOMC) statement this week, especially as the weak dollar has loosened overall monetary policy and negated the impact of 2017 rate increases.


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