Money


US Crude Oil Inventories Drop 2.2M Barrels Last Week
- April 22, 2017

OPEC has faced increased competition in the last several years due to the growth of shale oil. Bloomberg reported Saudi Arabia is likely to support extending Opec output cuts into the second half of 2017 in an effort to boost oil prices, according to a person familiar with the kingdom's internal discussions. (more...)
Wall Street climbs as earnings gather pace; AmEx boosts Dow
- April 22, 2017

The Russell 2000 is up 38.91 points, or 2.9 percent. AmEx reported a smaller-than-expected drop in quarterly profit on Wednesday, indicating the credit card company was recovering from the loss of key partnerships previous year. Investors are closely monitoring pending elections in France and geopolitical tensions. Our first quarter performance marks a good start to the year with momentum in the consumer and commercial businesses in the USA and in key markets internationally. (more...)
Reckitt Benckiser revenue boosted by forex rates Reckitt Benckiser revenue boosted by forex rates
- April 22, 2017

Friday's trading update for the first three months of 2017 showed once currency fluctuations, acquisitions and disposals were taken into account, sales were flat at £2.6bn. Excluding Scholl, sales in the health unit, which includes brands such as Nurofen painkillers and Strepsils lozenges, are outperforming the industry's long-term growth rate of between 4 percent and 6 percent, Kapoor said. (more...)
Ontario sets tax on foreign buyers to cool Toronto housing market Ontario sets tax on foreign buyers to cool Toronto housing market
- April 22, 2017

Add in contradictory municipal policies that encourage higher residential densities, while simultaneously discouraging the development of multi-unit residences (apartments and townhouses) wherever there are single-family homes. Notably, the issue of foreign buyers has been particularly controversial, with critics blaming them for speculation within the housing market but without hard data to support their contentions. (more...)
Drug developed in Manitoba could fight antibiotic-resistant bacteria Drug developed in Manitoba could fight antibiotic-resistant bacteria
- April 22, 2017

The study showed PEG-2S was effective against the growth of chlamydia bacteria. The drug works by cutting off an energy supply to the harmful bacteria, without damaging healthy cells. Each year, 2 million people are infected by antibiotic-resistant bacteria, with at least 23,000 people dying from these infections annually, the CDC says. (more...)
Fresno killing spree was racially motivated Fresno killing spree was racially motivated
- April 22, 2017

Police say Muhammad gave rare and unusual details about his movements and the killings over several hours of questioning following his arrest, even returning with officers to the crimes scenes and demonstrating his actions. "I thought that's why he's upset, because he thinks of me as a mother", said Taylor, 81. "After that, reality hit". He aimed at a third, killing the 37-year-old on the sidewalk as he walked with a bag of groceries. (more...)
Worldpay Group PLC (WPG) Given Consensus Rating of "Buy" by Analysts
- April 22, 2017

Investec restated a hold rating and issued a GBX 1,750 ($22.03) price objective on shares of Wpp Plc in a report on Thursday, January 5th. The stock presently has an average rating of "Hold" and a consensus target price of GBX 588.73 ($7.41). (more...)
Earnings According to Analysts for Cognizant Technology Solutions Corporation (NASDAQ:CTSH)?
- April 22, 2017

Franklin Resources Inc. boosted its position in Cognizant Technology Solutions Corp by 190.9% in the fourth quarter. Cognizant Technology Solutions Corporation is a professional services company. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/04/21/whitnell-co-purchases-7575-shares-of-cognizant-technology-solutions-corp-ctsh.html. (more...)
Ofcom reveals new plan to open up BT broadband Ofcom reveals new plan to open up BT broadband
- April 22, 2017

In addition to this, companies will be allowed to install fibre for both businesses and homes, provided that the installation is predominantly used to deliver broadband for homes and small offices. Mark Collins, director of strategy and policy at CityFibre, said reducing restrictions on duct and pole access (DPA) is a positive step towards the deployment of full fibre by alternative providers. (more...)
Finance Ministry ratifies 8.65 per cent on EPF: Labour Minister Finance Ministry ratifies 8.65 per cent on EPF: Labour Minister
- April 22, 2017

The announcement will benefit four subscribers of the scheme."Finance Ministry has agreed to 8.65 per cent rate of interest". With the Finance Ministry's approval, the interest amount can now be credited to more than four crore subscribers of the government's provident fund scheme, Dattatreya was quoted as saying. (more...)
Lady Gaga talks to Prince William about PTSD and mental illness Lady Gaga talks to Prince William about PTSD and mental illness
- April 22, 2017

Everybody has mental health and we shouldn't be ashamed of it and just having a conversation with a friend or family member can really make such a difference, ' Prince William told Lady Gaga. Lady Gaga recently appeared at Coachella festival and managed to confuse fans of The Cure over the weekend, after releasing a new song of the same name. (more...)
Visa Crushes Consensus in Q2, MasterCard Next Up Visa Crushes Consensus in Q2, MasterCard Next Up
- April 22, 2017

Looking ahead, we are continuing our efforts across the globe to electronify commerce and digitize economies to the benefit of consumers and societies alike". One thing to consider in all of these results is the inclusion of VISA Europe in the results. Cross-border volume climbed 132% and total processed transactions went up 42% to 26.3 billion. (more...)
Honda plans Rs.1600 cr spend on new two wheelers Honda plans Rs.1600 cr spend on new two wheelers
- April 22, 2017

Japan's Honda Motor Company, plans to make India the export hub for its two-wheelers. To meet BS VI norms, HMSI will bring in advanced technology like PGM-FI (Programmed Fuel Injection), which is Honda's proprietary digital electronic fuel injection system employed for internal combustion engines. (more...)
Make a note of Analyst's Earnings Expectations: Nabors Industries Ltd.'s (NBR) Make a note of Analyst's Earnings Expectations: Nabors Industries Ltd.'s (NBR)
- April 22, 2017

RSI oscillates between zero and 100. Usually the RSI is considered overbought when above 70 and oversold when less than 30. Nabors Industries Ltd. (NBR) is a part of Basic Materials sector and belongs to Oil & Gas Drilling & Exploration industry. (more...)
Dominion Bank (TD) Position Decreased by CGOV Asset Management Dominion Bank (TD) Position Decreased by CGOV Asset Management
- April 22, 2017

Several other institutional investors have also bought and sold shares of TD. Bessemer Group Inc. raised its position in Toronto-Dominion Bank by 1.6% in the fourth quarter. 12/04/2015 - Toronto Dominion Bank (The) had its "outperform" rating reiterated by analysts at Macquarie. The ex-dividend date of this dividend is Thursday, April 6th. (more...)
Brandywine Realty Trust (BDN) Issues FY17 Earnings Guidance
- April 22, 2017

The share price of the company (NYSE:AKR) was up +0.06%, with a high of 31.78 during the day and the volume of Acadia Realty Trust shares traded was 492021. The Firm focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. (more...)
Atkins agrees £2.1bn takeover terms with SNC-Lavalin Atkins agrees £2.1bn takeover terms with SNC-Lavalin
- April 22, 2017

SNC CEO Neil Bruce said of the transaction, "It positions SNC-Lavalin well for our long-term growth strategy to making a global, fully-integrated professional services and project management company". SNC-Lavalin's offer of 2080 pence ($26.66) per share in cash is the same as the indicative offer Atkins disclosed on April 3. "The acquisition will enhance SNC-Lavalin's global position and addressable market in infrastructure, rail & transit and nuclear, combine two highly complementary ... (more...)
The Elkfork Partners LLC Invests $1565000 in Murphy Oil Corporation (MUR)
- April 22, 2017

Murphy Oil Corporation's (MUR ) witnessed a loss of -0.41% in recent trading period with closing price of $ 26.77. Opus Investment Management Inc increased Paychex Inc. FCB Financial Holdings Inc (NYSE:FCB) has risen 24.05% since September 13, 2016 and is uptrending. The analysts estimated EPS for the higher end at 0.35 and lower end at 0.21 while the year ago reported earnings per share was 0.25. (more...)
Giants ace Madison Bumgarner placed on disabled list following dirt bike accident Giants ace Madison Bumgarner placed on disabled list following dirt bike accident
- April 22, 2017

The Giants placed Bumgarner on the 10-day disabled list Friday, and said the left-hander is out of the hospital and resting at the team hotel. He will be re-evaluated next week but is expected to miss 6 to 8 weeks, according to a report by Fox Sports' Ken Rosenthal. (more...)
Analysts Review: MannKind Corporation (NASDAQ:MNKD)
- April 22, 2017

The stock recently closed its previous session at $1.07 by showing a percentage change of -4.46% from its previous day closing price of $1.12. Several investment firms issued their expert ratings on MannKind Corp. The company has a 1 Year high price target of $0.54. (MNKD) are stable and safe compared to the lower market capitalization companies. The P/E ratio was recorded at 0.85.The volatility in the previous week has experienced by 9.13% and observed of 9.72% in the previous month.19.50% ... (more...)