Money


Uber is scaling back on USA vehicle leases as expenses pile up Uber is scaling back on USA vehicle leases as expenses pile up
- August 09, 2017

In January, Uber paid $20 million to settle a U.S. Federal Trade Commission lawsuit that said Uber made false or misleading claims about its leasing program. Xchange's leasing program, which has over 40,000 vehicles in operation, has seen major losses since its launch. The Xchange Leasing division had been projecting losses of around $500 per auto on average, but managers informed Uber executives that the losses were about $9,000 per car, roughly half that of a typical sticker price on a ... (more...)
Couple Buys San Francisco Street For $90000 Couple Buys San Francisco Street For $90000
- August 09, 2017

The street-a block-long, private, and oval-shaped with a round-the-clock guard-is home to what the Chronicle calls "35 megamillion-dollar mansions". Cheng told the Chronicle that he and Lam have been working with land-use attorneys and looking into getting title insurance to make their purchased property "more marketable". (more...)
Ralph Lauren beats 1Q profit forecasts Ralph Lauren beats 1Q profit forecasts
- August 09, 2017

It has underperformed by 38.99% the S&P500.The move comes after 5 months positive chart setup for the $6.87 billion company. Four research analysts have rated the stock with a sell rating , seventeen have assigned a hold rating and five have given a buy rating to the company. (more...)
Needle Moving Activity Spotted in Tesla, Inc. (NASDAQ:TSLA) Needle Moving Activity Spotted in Tesla, Inc. (NASDAQ:TSLA)
- August 09, 2017

Goldman Sachs has "Buy" rating and $250 target. Carroll Financial Associates Inc. increased its stake in shares of Tesla Inc. Global Equities Research maintained Tesla Inc (NASDAQ: TSLA ) on Friday, August 28 with "Overweight" rating. (more...)
Assenagon Asset Management SA Sells 64039 Shares of Coca-Cola Company (The) (KO) Assenagon Asset Management SA Sells 64039 Shares of Coca-Cola Company (The) (KO)
- August 09, 2017

It has outperformed by 8.65% the S&P500. Ltd. now owns 7,250,023 shares of the company's stock valued at $300,667,000 after buying an additional 6,483,151 shares during the period. The insider Cue Eduardo H sold 45,000 shares worth $6.92 million. Another trade for 55,821 shares valued at $2.03M was made by Bryant Diane M on Thursday, February 23. (more...)
Fair Fare Advocates Respond to Millionaire's Tax Fair Fare Advocates Respond to Millionaire's Tax
- August 09, 2017

Cuomo says the city should contribute more from its own coffers since it technically owns the subway system, a point echoed by the newly appointed MTA chairman, Joe Lhota . The solution will require everyone involved - political and civic leaders, riders, businesses, and the men and women who work at the MTA - to come to the table, pitch in and help out. (more...)
Kimberley Walsh expresses concern over Sarah Harding's Celebrity Big Brother experience Kimberley Walsh expresses concern over Sarah Harding's Celebrity Big Brother experience
- August 09, 2017

Viewers of tonight's episode will also see Harding reveal a little more about the rift between the Girls Aloud stars. While Amelia laughed off Sarah's behaviour - calling her "playful" and "class" - viewers failed to see the amusing side. (more...)
Singapore airlifts humanitarian aid to strife-torn Philippines Singapore airlifts humanitarian aid to strife-torn Philippines
- August 09, 2017

Singapore has shipped humanitarian aid to the Philippines as part of the understanding reached during Singapore Minister for Defence Ng Eng Hen's visit to Manila in July 2017. A Singaporean Lockheed C-130 "Hercules" cargo plane, loaded with assorted relief supplies, has landed at the Laguindingan Airport, Misamis Oriental on Monday. (more...)
Commonwealth Bank beats expectations to deliver $9.88bn profit Commonwealth Bank beats expectations to deliver $9.88bn profit
- August 09, 2017

Cash earnings, a measure followed by analysts that strips out certain costs and one-time items, were 4.6% higher at A$9.88 billion, ahead of the A$9.79 billion median of 10 analyst forecasts compiled by The Wall Street Journal. Commonwealth Bank of Australia pared some gains to end 0.6 per cent higher. But he also reeled off a list of the bank's achievements, including once more being Australia's biggest taxpayer. (more...)
NA Has $349000 Position in Liberty Interactive Corporation (QVCA) NA Has $349000 Position in Liberty Interactive Corporation (QVCA)
- August 09, 2017

The stock of Liberty Sirius XM Group (NASDAQ: LSXMA ) earned "Buy" rating by Pivotal Research on Friday, September 30. Out of 12 Wall Street analysts rating Liberty Interactive, 10 give it "Buy", 0 "Sell" rating , while 2 recommend "Hold". (more...)
McDonald's to almost double restaurants in Chinese mainland McDonald's to almost double restaurants in Chinese mainland
- August 09, 2017

McDonald's said its target for growth in annual sales was in the double digits for mainland China during that period, and was looking to increase store count by 500 each year through 2022 versus the 250 stores it is adding this year. Despite McDonald's global dominance, KFC, owned by Yum China, has bigger presence in the Chinese quick service restaurant. Starbucks, for example, wants to have 5,000 coffee shops in the country by 2021, more than doubling its store count. (more...)
Glencore PLC (LON:GLEN) Earns Glencore PLC (LON:GLEN) Earns "Outperform" Rating from Credit Suisse Group
- August 09, 2017

About 49,999 shares traded or 91.92% up from the average. Equiniti Group PLC (LON:EQN) has 0.00% since August 7, 2016 and is. It has underperformed by 9.03% the S&P500. The stock of KLX Inc (NASDAQ:KLXI) has "Buy" rating given on Wednesday, October 7 by Cantor Fitzgerald. The stock of Zambeef Products Plc (LON:ZAM) earned "Corporate" rating by FinnCap on Wednesday, June 8. (more...)
China urges North Korea to stop missile tests China urges North Korea to stop missile tests
- August 09, 2017

ASEAN and China have agreed on a framework for how they will go about drafting a code. The various challenges include the global super powers' interaction in many aspects, the tension in the Korean Peninsula, the dispute in South China Sea or other non-traditional security threats including transnational crime, human trafficking, cyberattacks, terrorism and climate change, she said. (more...)
Sensex, Nifty open higher, JP Associates shares jump 18% Sensex, Nifty open higher, JP Associates shares jump 18%
- August 09, 2017

Around 1 p.m., the NSE Nifty50 of the National Stock Exchange (NSE) traded below the psychologically important 10,000-point mark at 9,942.25 points - down 36.30 points or 0.36 percent from its previous session's close. Local stock markets ended lower on Tuesday. At the same time, Indian Rupee was trading 63.756 down 0.092 paisa or 0.14% as against USA dollar. On the other hand, the S&P BSE oil and gas index surged by 237.28 points, the metal index by 145.41 points and the consumer durables ... (more...)
Houston family's dog dies in cargo hold of delayed United Airlines flight Houston family's dog dies in cargo hold of delayed United Airlines flight
- August 09, 2017

Since 2012, one-third of all animal deaths on USA carriers occurred on United Airlines , according to Department of Transportation data. In 2016 alone, eight dogs and a Sphynx kitten died. United stated that they are "deeply upset" when an animal suffers an injury while travelling with them. The high profile incident drew attention to the carrier's poor track record when it comes to animal deaths. (more...)
Google Fires Engineer Behind Anti-Diversity Memo Google Fires Engineer Behind Anti-Diversity Memo
- August 09, 2017

Damore is a graduate of the University of IL at Urbana-Champaign and formerly lived in Romeoville, according to public records, LinkedIn and an online resume. The author, who has not been identified by CNN Tech, is said to be a rank-and-file software engineer. An internal memo at Google has drawn much ire for its highly controversial statements. (more...)
Bitcoin soars to record high value Bitcoin soars to record high value
- August 09, 2017

The reason for such interest in Bitcoin , which is based on the distributed ledger technology of blockchain , is the expected boost it could provide to various industries, financial services being the most obvious. His vast experience replicated in his eBooks on cryptocurrency trading and cryptocurrency Mining, and recently launched eBook has helped in reducing the complexities in understanding the Bitcoin market. (more...)
China: Situation 'critical' after new North Korea sanctions
- August 08, 2017

Secretary Tillerson is in Manila , where he will participate in #ASEAN2017 and discuss #DPRK , regional security. Even with new United Nations sanctions in place meant to drive Pyongyang back to the table, conditions still aren't ripe for talks, USA diplomats said. (more...)
Is the BoE ready to hike rates?
- August 05, 2017

United Kingdom inflation is forecast to rise further in the coming months, peaking around 3% in October before gradually dropping to 2.2% over the three-year forecast. The bank said that growth is likely to remain sluggish because the salaries paid to workers aren't going as far as they used to. The Bank also downgraded its growth forecasts for the United Kingdom, from 1.9% to 1.7% for this year, and said growth would then slow to 1.6% in 2018, down from its previous 1.7% projection. (more...)
Martin Shkreli guilty on three counts in securities fraud case Martin Shkreli guilty on three counts in securities fraud case
- August 05, 2017

Then he engineered a complicated stock deal in which he bought Retrophin shares at below market value and then used them to pay back the investors in his hedge funds . At 2:18 p.m., Judge Kiyo Matsumoto's clerk abruptly stood up, hung up a phone, and walked into the judge's chambers. Prosecutors in the trial had claimed that Shkreli defrauded millions of dollars from investors in his two hedge funds. (more...)