Money


AT&T Likely Would Win Court Fight Over Time Warner, Analysts Say AT&T Likely Would Win Court Fight Over Time Warner, Analysts Say
- November 09, 2017

Cramer spoke a day after the Justice Department demanded that AT&T sell Turner Broadcasting, which includes CNN , or sell DirecTV, as a condition for approval of the deal. The legal analysis may ultimately be a prescient as news emerged yesterday that AT&T CEO Randall Stephenson has "no intention" of acceding to any DOJ demands as part of the merger. (more...)
Topshop makes changing rooms gender neutral following customer complaints Topshop makes changing rooms gender neutral following customer complaints
- November 09, 2017

Topshop has abolished gender-specific changing rooms from its stores after a number of customer complaints branded the practice as "dated and unsafe". A spokesperson for Topshop told Independent.ie in a statement: "All Topshop and Topman customers are free to use any of the fitting rooms located within our stores". (more...)
Macy's Inc Q3 2017 Earnings Report Reveals Mixed Results Macy's Inc Q3 2017 Earnings Report Reveals Mixed Results
- November 09, 2017

Shares in United States department store group Macy´s firmed in early trading today after the company beat third-quarter earnings forecasts. Macy's reaffirmed its outlook for full-year comparable sales on an owned basis to decline between 2.2 percent and 3.3 percent, with comparable sales on an owned plus licensed basis to decline between 2.0 percent and 3.0 percent. (more...)
The Bottom Line on Edison International (EIX), Archer-Daniels-Midland Company (ADM) The Bottom Line on Edison International (EIX), Archer-Daniels-Midland Company (ADM)
- November 09, 2017

The stock of Archer Daniels Midland Company (NYSE: ADM ) earned "Hold" rating by Piper Jaffray on Friday, August 25. It has underperformed by 8.54% the S&P500. Investors sentiment increased to 1.68 in Q2 2017. Its up 0.09, from 0.84 in 2017Q1. Parkside Financial Bank And Tru invested in 7,719 shares. 33 funds opened positions while 80 raised stakes. (more...)
Consumer group slams retailer Target for not pulling lead-tainted 'spinners'
- November 09, 2017

The Fidget Wild Premium Spinner Brass tested at 33,000 parts per million for lead - some 300 times the 100 parts per million allowable for children's toys. "Saying fidget spinners aren't toys defies common sense, as millions of parents whose kids play with spinners can tell you", said Kara Cook-Schultz, U.S. (more...)
Vodafone and CityFibre to bring ultra-fast broadband to millions
- November 09, 2017

Openreach has previously said that it's aiming for two million full fibre connections by 2020. Greg Mesch, CityFibre's chief executive, said the partnership would unlock the UK's full fibre future and establish an unassailable wholesale infrastructure position across 20% of the United Kingdom broadband market. (more...)
EU Commission downgrades United Kingdom growth for 2019 Brexit year to 1.1%
- November 09, 2017

But the latest forecasts pointed to Brexit uncertainty hitting investment, with growth of 1.5% this year and slowing further in the following two years. The surplus achieved by the Labour government also features in the report which projects it to be 0.9% by the end of 2017, but is believed to decline to 0.5% in 2018, a figure that will be sustained in 2019. (more...)
Opel Targets Profitability by 2020
- November 09, 2017

The French PSA Group has unveiled its strategy to make the newly acquired Vauxhall and Opel business a success after buying the auto brands for €2.2 billion earlier this year. "By 2024, all European passenger carlines will be electrified -- offering a pure battery electric propulsion or plug-in hybrid version alongside efficient internal combustion engines", Opel said in its statement. (more...)
Sainsbury's reports rise in revenues, but drop in profits Sainsbury's reports rise in revenues, but drop in profits
- November 09, 2017

In terms of the integration of the Argos business, Coupe said that Sainsbury's is "integrating Argos at pace: we have 112 Argos stores open in Sainsbury's supermarkets and will have 165 open by Christmas, in addition to almost 200 digital collection points across our stores". (more...)
Businessmen hopeful of tax cuts at GST Council meet today Businessmen hopeful of tax cuts at GST Council meet today
- November 09, 2017

Bihar Deputy Chief Minister Sushil Kumar Modi , who is also a member of the GST council, today said tax rates on 80 per cent items of top 28 per cent slab are likely to be slashed at the council's meeting starting tomorrow. Wooden furniture is handmade by unorganised sector artisans and is mostly used by middle class families and there have been demands for lowering tax incidence on them. (more...)
London house prices still under pressure from tax changes London house prices still under pressure from tax changes
- November 09, 2017

Surveyors say house price falls are now widespread across the country. Interest from buyers also continued to decline, with 20 per cent more respondents seeing a fall in new buyer inquiries over the month. Respondents in London are continuing to report a decline in prices, with 63 per cent more respondents reporting a fall rather than rise over the month (the poorest reading since 2009). (more...)
Burberry plans move up market as profits rise by a quarter Burberry plans move up market as profits rise by a quarter
- November 09, 2017

He said: "We will create compelling luxury leather goods and accessories to attract new customers". Marco Gobbetti, chief executive of Burberry , said: "I am pleased with our performance in the half with strong double-digit underlying profit growth". (more...)
Intl Fcstone Inc. Invests $1.06 Million in LyondellBasell Industries NV (LYB)
- November 09, 2017

It has underperformed by 16.37% the S&P500. Current price places the company's stock 18.95% away from its 200-day simple moving average, 9.64%, away from the 50-day average and also 6.3% away from 20-day average. As per Friday, February 5, the company rating was upgraded by UBS. On Monday, August 24 the stock rating was upgraded by Vetr to "Buy". Rafferty maintained Goldman Sachs Group Inc (NYSE:GS) on Thursday, November 10 with "Buy" rating. (more...)
USA Compression Partners, LP (USAC) Upgraded to Sell at BidaskClub
- November 09, 2017

ValuEngine cut shares of USA Compression Partners, from a "hold" rating to a "sell" rating in a report on Friday, September 1st. Hudock Cap Gp Ltd Liability Com invested in 0.1% or 1,476 shares. Pnc Fincl Services Group Inc Inc reported 66,890 shares stake. The legal version of this story can be accessed at https://stocknewstimes.com/2017/11/07/usa-compression-partners-lp-usac-shares-sold-by-spirit-of-america-management-corp-ny.html. (more...)
Tax Officials Raid Jaya TV Office in Chennai Since Early Morning Tax Officials Raid Jaya TV Office in Chennai Since Early Morning
- November 09, 2017

Jaya TV, which is considered as the mouthpiece of All India Anna Dravida Munnetra Kazhagam ( AIADMK ), was founded by late Chief Minister Jayalalithaa. "The Centre is targeting Sasikala and my family". Income Tax officers have targeted over 190 locations across four states in connection with the AIADMK-owned Jaya TV. (more...)
Daiwa Securities Group Inc. Buys 3158 Shares of Rockwell Automation, Inc. (ROK)
- November 09, 2017

It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 12,996 shares in the quarter, for a total of 14,407 shares, and has risen its stake in Kimberly Clark Corp (NYSE:KMB). The company has a debt-to-equity ratio of 0.57, a current ratio of 2.03 and a quick ratio of 1.76. Rockwell Automation has a twelve month low of $120.46 and a twelve month high of $210.72. (more...)
AFTRA members overwhelmingly approve new video game voice actor deal AFTRA members overwhelmingly approve new video game voice actor deal
- November 09, 2017

The deal will also require companies to disclose the name of the project actors will be working on, as well as the game's genre, whether the game is based on previously published intellectual property and whether the performer is reprising a prior role. (more...)
Digital payments company PayPal starts domestic operations in India Digital payments company PayPal starts domestic operations in India
- November 09, 2017

Now, PayPal has launched its local operations for the Indian market, and people can now pay for purchases using their PayPal balance on various e-commerce websites. The company is now looking to leverage this base of users to get merchants to begin accepting payments from customers through it. The fin-tech group now has about 218 million active accounts in more than 200 markets. (more...)
Arvind to demerge apparel, engineering Arvind to demerge apparel, engineering
- November 09, 2017

According to Sanjay Lalbhai , chairman and managing director, Arvind Ltd , the realty business (Arvind SmartSpaces) got demerged two years ago and its performance has exceeded expectations. "The second quarter turned out to be another challenging quarter for the industry with GST implementation impacting out domestic textile business", Sanjay Lalbhai said in a statement. (more...)
Analysts Set Southwest Airlines Company (LUV) PT at $67.17
- November 09, 2017

It was reported on Nov, 8 by Barchart.com . The top gainer with a security that increased in price during today's trading was Southwest Airlines Co. now owns 577,017 shares of the airline's stock worth $32,301,000 after purchasing an additional 69,760 shares during the period. Sterling Capital Management Llc increased Ishares Edge Msci Min Vol Gl (ACWV) stake by 9,632 shares to 16,094 valued at $1.27M in 2017Q2. (more...)

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