Money


GDP Grows Less than 1% in First Quarter GDP Grows Less than 1% in First Quarter
- April 30, 2017

The labor market now is close to full employment and the confidence of consumers is close to highs of multi-years, which suggests that the sharp slowdown mostly created by weather in spending by consumers is likely to be short-lived. British Chancellor Philip Hammond said "the British economy is resilient" in response to slower-than-expected economic growth figures published Friday. (more...)
EU to discuss Brexit without UK
- April 30, 2017

Arriving at a special summit in Brussels , where the 27 remaining states are expected to formally agree their talks strategy, Mr Tusk reiterated his belief that the shape of a future trading relationship can only be considered when progress is made on the terms of the UK's departure. (more...)
Alibaba Group Holding Ltd (NYSE:BABA) & Glu Mobile Inc
- April 30, 2017

Analyst mean recommendation rating on a stock by the analyst community is at 1.70. One of the quickest ways to determine the projected value of a stock is the price to earnings growth, or PEG ratio. Nationwide Fund Advisors boosted its stake in shares of Alibaba Group Holding by 77.8% in the third quarter. BB&T Corp now owns 80,256 shares of the specialty retailer's stock valued at $8,654,000 after buying an additional 13,796 shares during the last quarter. (more...)
Paytm launches Digital Gold with MMTC-PAMP Paytm launches Digital Gold with MMTC-PAMP
- April 30, 2017

An estimated 24,000 tonnes worth United States dollars 900 billion of gold is locked away in homes and bank lockers in India. Compared with other gold investment products such as exchange-traded funds (ETFs), this product rides on the convenience that a digital wallet comes with. (more...)
Huntington Bancshares Incorporated (NASDAQ:HBAN) Volume Spiking Mid-session
- April 30, 2017

The company has a consensus rating of "Buy" and an average price target of $13.96. HBAN has been the topic of several research analyst reports. Analysts expect that Huntington Bancshares Incorporated will post $0.92 earnings per share for the current year. (more...)
Verizon Communications Inc. (VZ) Rating Increased to Strong-Buy at Vetr Inc Verizon Communications Inc. (VZ) Rating Increased to Strong-Buy at Vetr Inc
- April 30, 2017

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in Verizon Communications by 35.3% in the fourth quarter. The ex-dividend date is Thursday, April 6th. The analysts offering 12 month price targets for Verizon Communications Inc. have a median target of $50, with a high estimate of $59 and a low estimate of $38. (more...)
Sebi flags concerns on corporate governance Sebi flags concerns on corporate governance
- April 30, 2017

The market regulator is especially concerned about current practices that relate to the role of independent directors. Talking about plans of Sebi, Tyagi, who took charge last month, said the regulator intends to focus on the primary market in terms of bringing in more investments to the companies so that they can invest in infrastructure and other areas. (more...)
Gravitas Financial Inc (GFI) Stock Rating Lowered by Royal Bank of Canada Gravitas Financial Inc (GFI) Stock Rating Lowered by Royal Bank of Canada
- April 30, 2017

In Gold Industry, Gold Fields Limited (GFI) have 841.84 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. To analyze a stock, one should look for Upgrades and Downgrades of a stock. Alpha One also gave media stories about the company an impact score of 66 out of 100, indicating that recent media coverage is likely to have an impact on the company's share price ... (more...)
Angry United pilots blame aviation police for passenger fiasco Angry United pilots blame aviation police for passenger fiasco
- April 30, 2017

The United Master Executive Council, which represents the airline's 12,500 pilots, emphasized in a statement that no United employees removed Dr. David Dao from Flight 3411 at O'Hare International Airport Sunday night. Dao was randomly selected, but refused to give up his seat, resulting in his removal from the plane. Initially, the company appeared to blame the Dao, calling him "belligerent" and claiming officers were "left with no choice" but to forcibly remove him. (more...)
Panel moots changes in 7th CPC allowances to some services Panel moots changes in 7th CPC allowances to some services
- April 30, 2017

Government employees protested the recommendations of the Seventh Pay Commission, following which the Narendra Modi government formed a committee under Finance Secretary Ashok Lavasa to review the suggestions. It also interacted with the representatives of the Defence Forces, DGs of Central Armed Police Forces (CAPFs) namely CRPF, CISF, BSF, ITBP, SSB, and Assam Rifles as also senior officers from IB and SPG to understand the viewpoint of their personnel. (more...)
US durable goods advance modest 0.7 percent in March US durable goods advance modest 0.7 percent in March
- April 30, 2017

This increase, up three consecutive months, followed a 2.3% February increase. An improving global economy, a stabilized energy sector and a strong housing market generally supports demand for USA manufactured goods. February's ISM reading with the best since August 2014. Defense capital goods orders rose 12.2% during March. At the same time, orders for fabricated metal products slipped 0.8%, whereas machinery orders fell 0.2%. (more...)
Teck Resources' (TECK-B) Buy Rating Reaffirmed at TD Securities
- April 30, 2017

The company has market cap of $16.38 billion. The Firm designs, makes and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers. (more...)
Ford's Profit Falls 35% Ford's Profit Falls 35%
- April 30, 2017

The automaker had already warned investors that its first-quarter profit would fall significantly. Higher costs had been created by an increase of $467 million in warranty costs, an increase of $176 million in costs of commodities and an increase of $253 million in costs to launch new products. (more...)
Windstream Holdings (WIN) Receives Daily News Sentiment Score of 0.12
- April 30, 2017

Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target. Zacks Investment Research raised shares of Windstream Holdings from a "hold" rating to a "buy" rating and set a $8.50 price objective for the company in a research note on Wednesday, January 11th. (more...)
Owned ONGC makes 23 oil and gas discoveries last financial year Owned ONGC makes 23 oil and gas discoveries last financial year
- April 30, 2017

Also, the number of projects that received a final investment decision dropped to the lowest level since the 1940s. IEA reports record drops of new discoveries and investment. The IEA has argued even the USA shale industry, which is expected to balloon domestic production up to about 10 million barrels a day by the end of next year, can't fill the looming supply gap. (more...)
Trump Begins Investigation Of Aluminum Imports
- April 30, 2017

The company filed for bankruptcy protection after it incurred billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Trump's plans to build up the military are once again playing heavily into the administration's decisions to investigate whether certain imports endanger national security. (more...)
Meritage Portfolio Management Sells 233 Shares of Netflix, Inc. (NFLX)
- April 30, 2017

FBR & Co reissued a "market perform" rating and issued a $100.00 price objective on shares of Netflix in a research note on Tuesday, January 17th. They issued a "neutral" rating and a $150.00 price objective for the company. WARNING: "Meritage Portfolio Management Sells 233 Shares of Netflix, Inc ". Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. (more...)
Deutsche Bank to move about 4000 jobs out of UK Deutsche Bank to move about 4000 jobs out of UK
- April 30, 2017

German banking giant Deutsche Bank AG ( DB ) reported Thursday significantly higher profit in its first quarter, mainly reflecting lower expenses and provision for credit losses. Two Sigma Investments LP boosted its position in shares of Deutsche Bank AG by 97.5% in the fourth quarter. It beat an average of analysts' forecasts in a Reuters poll of 522 million euros. (more...)
Credit Suisse bonus vote exposes two problems Credit Suisse bonus vote exposes two problems
- April 30, 2017

As a result, the short-term bonus pool for executive board members was cut to 17 million francs from the originally proposed 26 million francs. Credit Suisse Chairman Urs Rohner opened a keenly-awaited, contentious shareholder meeting on Friday with a surprising concession - and an apology . (more...)
Outburst by angry Wells Fargo shareholder halts annual meeting Outburst by angry Wells Fargo shareholder halts annual meeting
- April 30, 2017

Typically a recommendation from ISS that investors vote "against" a director will reduce the support they receive by an average of 17 to 18 percentage points. Looking at this figure it suggests that the shares of Wells Fargo & Company (WFC) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Wells Fargo & Company (WFC) is a good investment, however if the market is weaker then it could suggest that the ... (more...)