Money


Oil markets stumble on a surprise USA crude inventory build-up Oil markets stumble on a surprise USA crude inventory build-up
- November 10, 2017

Meanwhile, analysts said investors also tended to take profit after oil prices posted solid gains earlier this week. December West Texas Intermediate crude was last down 54 cents, or 0.9%, to trade at $56.66 a barrel on the New York Mercantile Exchange. (more...)
IBM outlines 50 qubit quantum computing prototype IBM outlines 50 qubit quantum computing prototype
- November 10, 2017

It will be available by the end of the year. While IBM and its rivals are keen to lead the breakthroughs in quantum computing, they are also increasingly eager to win over new customers. Google has offered science labs and artificial intelligence researchers early access to its quantum machines. While that doesn't sound like much, it's actually a huge leap forward. (more...)
Reiterates Outperform Rating for Signet Jewelers Ltd. (SIG)
- November 10, 2017

RBC Capital Markets maintained Signet Jewelers Ltd. (NYSE: SIG ) on Friday, March 10 with "Outperform" rating. The company was maintained on Monday, November 7 by Peel Hunt. Therefore 56% are positive. On average, analysts predict that Signet Jewelers will post $6.98 EPS for the current year. CLSA initiated Signet Jewelers Ltd. (more...)
Ford pilots exoskeleton tech to help workers Ford pilots exoskeleton tech to help workers
- November 10, 2017

As part of a pilot program, the company is having assembly line workers test out an upper body exoskeletal technology called EksoVest . For some assembly works at Ford plants, a seemingly simple task becomes tedious after performing the job for hours a day, sometimes up to 4,600 individual times. (more...)
Broadband and landline users to get automatic compensation Broadband and landline users to get automatic compensation
- November 10, 2017

The regulator has agreed compensation levels with the main providers of the United Kingdom broadband and landline network: BT, Sky, TalkTalk , Virgin Media and Zen Internet. In the meantime, customers encountering problems with their landline or broadband should visit the Ofcom website for advice on rectifying the problem. (more...)
What's The Story Behind JC Penney Company, Inc. (NYSE:JCP) What's The Story Behind JC Penney Company, Inc. (NYSE:JCP)
- November 10, 2017

Morgan Stanley upgraded the shares of JCP in report on Monday, February 13 to "Equal-Weight" rating. Jefferies Group LLC set a $3.00 price target on J. C. Penney Company, Inc . Looking back over the last month, shares have performed -29.10%. The stock was purchased at an average cost of $3.48 per share, with a total value of $348,000.00. (more...)
NV: Human-Driven Truck Hits Driverless Autonomous Bus NV: Human-Driven Truck Hits Driverless Autonomous Bus
- November 10, 2017

None of the eight passengers onboard were injured, but the vehicle's bumper will definitely need to be replaced. And then it hit us. The Las Vegas Review Journal said that police determined that the shuttle came to a brief stop when it sensed the truck was trying to back up. (more...)
United Kingdom ready meals maker Bakkavor gets IPO away after price cut United Kingdom ready meals maker Bakkavor gets IPO away after price cut
- November 10, 2017

However, Bakkavor has now said that it is embarking on an initial public offering (IPO) that will raise around £100 million, value the firm at £1bn and see around 25% of its capital floated on the London Stock Exchange . Bakkavor specialises in ready-to-eat and ready-to-cook products and supplies big names like Tesco , Sainsbury's, Marks & Spencer, and Waitrose. HSBC HSBA.L and Morgan Stanley MS.N are leading the IPO process, with Barclays BARC.L , Citigroup C.N , Rabobank and Peel Hunt ... (more...)
Today is Equal Pay Day: from now, women work 'for nothing' Today is Equal Pay Day: from now, women work 'for nothing'
- November 10, 2017

The IEA noted that the gap widens in full time after women spend time off work to have children making them 9.1 per cent worse off. The gender pay gap is widening for some women and it will now take 100 years to close it, a campaign group has warned. (more...)
Bytedance and Musical.ly Announce Agreement to Merge Bytedance and Musical.ly Announce Agreement to Merge
- November 10, 2017

The firms did not disclose financial details of the deal. ByteDance is now expanding its reach with its own news feed app Jinri Toutiao or by investing in similar news aggregation platforms. Toutiao aggregates news and videos from hundreds of media outlets and has become one of the world's largest news services in the span of five years. (more...)
Uber's loses appeal on ruling that drivers are employees Uber's loses appeal on ruling that drivers are employees
- November 10, 2017

Uber has said it will appeal the ruling, which could mean it takes years for the process to be exhausted. In September, Uber appealed the 2016 tribunal ruling that found Uber had incorrectly classified a group of workers as self-employed rather than as contracted "workers". (more...)
United Kingdom industrial production was surprisingly strong in September United Kingdom industrial production was surprisingly strong in September
- November 10, 2017

United Kingdom industrial output grew at its fastest rate seen this year in September according to the Office for National Statistics, in data which is likely to make the Bank of England feel more comfortable about its decision to raise interest rates for the first time in a decade last week. (more...)
Costco Wholesale Corporation (NASDAQ:COST) Holdings Increased by Usca Ria LLC
- November 10, 2017

Of those insider trades, 262,813 shares of Costco Wholesale Corporation were purchased and 148,316 shares were sold. Usca Ria LLC grew its holdings in shares of Costco Wholesale Corporation (NASDAQ: COST ) by 8.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. (more...)
TrueCar, Inc. (TRUE) loses confidence of 27 hedge fund managers
- November 10, 2017

In an analyst report revealed on 7 November, The Outperform rating of TrueCar (NDAQ: TRUE ) shares was restate by RBC Capital Markets, who now has a $18.00 target on the stock. Cowen and Company reiterated a hold rating and set a $15.00 price objective on shares of TrueCar in a research report on Thursday, August 17th. Morgan Stanley reiterated an underweight rating and set a $13.00 price objective (up from $12.00) on shares of TrueCar in a research report on Thursday, July 20th. (more...)
Sogou's Shares Rise In IPO Sogou's Shares Rise In IPO
- November 10, 2017

The stock, listed on the New York Stock Exchange under the symbol SOGO, was priced at the top of its $11-$13 range for its 45 million American depositary shares (ADS). Notably, given potential news of a Snap Inc. takeover, Sogou's largest shareholder is Tencent Holdings Ltd., the same company that was disclosed yesterday to have taken a 12 percent stake in the Snapchat messaging app maker. (more...)
Equifax profits plunge amid breach fallout
- November 10, 2017

A number of other institutional investors and hedge funds have also recently made changes to their positions in EFX . YorkBridge Wealth Partners LLC grew its position in shares of Equifax by 5.0% during the second quarter. In its first quarterly report since disclosing a systems breach that exposed personal information of more than 143 million Americans, Equifax reported $87.5 million in initial expenses dealing with the incident, while recording $96.3 million in profits for the third ... (more...)
Near term Outlook For Freeport-McMoRan Inc. (NYSE:FCX)
- November 10, 2017

The firm earned "Neutral" rating on Monday, May 2 by Credit Suisse. California Employees Retirement has 0.08% invested in Freeport-McMoRan Inc (NYSE:FCX) for 4.05 million shares. now owns 10,067 shares of the natural resource company's stock valued at $120,000 after buying an additional 33 shares in the last quarter. Rafferty Asset Management Ltd has invested 0.01% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). (more...)
Carnick & Kubik Group LLC Takes Position in The Charles Schwab Corporation (SCHW) Carnick & Kubik Group LLC Takes Position in The Charles Schwab Corporation (SCHW)
- November 10, 2017

It has underperformed by 16.70% the S&P500. Rockefeller Financial Services Inc. grew its holdings in The Charles Schwab Corporation (NYSE: SCHW ) by 723.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). (more...)
Wendy's Company (The) (NASDAQ:WEN) To Release Earnings
- November 10, 2017

The company has Relative Strength Index (RSI 14) of 40.45 along with Average True Range (ATR 14) of 0.33. Royal Bank Of Canada reissued a "hold" rating and issued a $16.00 target price on shares of Wendy's Company (The) in a research report on Tuesday. (more...)
China to allow foreign players to hold majority stake in finance sector China to allow foreign players to hold majority stake in finance sector
- November 10, 2017

The announcement came after Donald Trump's state visit to Beijing during which he called for a more level playing field for U.S. companies and measures to a massive trade imbalance. The limit has made it hard for foreign banks to play any major role in the Chinese market. Following the announcement, JP Morgan issued a statement saying it welcomes any decision made by the Chinese government to further liberalise the country's financial sector, adding that it will continue to evaluate ... (more...)

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