Money


Sensex off record highs, still up 76 points in late morning Sensex off record highs, still up 76 points in late morning
- January 12, 2018

At 9:16 AM, the BSE Sensex was trading at 34,606, up 102 points, while the broader Nifty50 was ruling at 10,688, up 37 points. The markets opened at fresh high on earnings optimism. However, the BSE market breadth remained bearish as 1,584 stocks declined as compared to 1,331 advances. In an unprecedented move, Justice Chelameswar and three other senior judges today held a press conference on various issues relating to the apex court judiciary. (more...)
Expensive gene therapy can cure the rarest blindness Expensive gene therapy can cure the rarest blindness
- January 12, 2018

It's the first true gene therapy approved in the US for an inherited genetic disease - vision loss caused by mutations in a gene called RPE65. The Post says it went with the lower figure in part because insurers indicated $500,000 per eye would shrink the pool of those who qualified, and the company is discussing rebate and payment plan options. (more...)
Morgan Stanley announces bonuses, cuts in equities Morgan Stanley announces bonuses, cuts in equities
- January 12, 2018

Parkwood Llc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $167.02B market cap company. The stock increased 0.92% or $0.53 during the last trading session, reaching $57.83. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Burgundy Asset Limited holds 0.02% or 36,047 shares in its portfolio. (more...)
Indian cabinet clears 100 pct FDI in single brand retail Indian cabinet clears 100 pct FDI in single brand retail
- January 12, 2018

Moreover, they have also expressed strong resentment to Union Cabinet's decision to allow foreign investment up to 49% in Air India and other decisions about easing of norms for FDI and FIIs. Any single-brand retailer-which sell only their own products, such as IKEA or H&M-that opens stores in India has to buy at least 30% of the goods sold from Indian small and medium-size companies. (more...)
Productivity rise fuels economic hopes Productivity rise fuels economic hopes
- January 12, 2018

Hourly labour productivity in the United Kingdom showed its largest increase since 2011 between the second and third quarters of a year ago, official figures have shown. 'The pick-up in productivity in the third quarter suggests that some of the weakness in the first half may have been cyclical, ' Archer said. Companies in the business services sector contributed strongly to the productivity growth in the third quarter, as did the IT sector, energy firms, chemical and pharmaceutical ... (more...)
Dense fog disrupts operations at Delhi airport
- January 12, 2018

Low visibility due to the fog has disrupted flight operations at the Indira Gandhi International airport. Over 500 flights, both domestic and global, flying into and out of the IGI Airport have been affected since Sunday, when the city witnessed the worst fog of the season. (more...)
Earnings Prediction Review: Air Products and Chemicals, Inc. (APD)
- January 12, 2018

Citigroup Inc. (NYSE:C) has risen 35.60% since January 10, 2017 and is uptrending. It has underperformed by 4.30% the S&P500. The New York-based Product Prtnrs Ltd Liability has invested 0.02% in The Navigators Group, Inc. (NYSE:APD). Horan Capital Ltd Co invested in 320 shares. Great West Life Assurance Communication Can has 31,529 shares. Among 19 analysts covering Air Products & Chemicals (NYSE:APD), 14 have Buy rating, 0 Sell and 5 Hold. (more...)
Many Oregonians Not Happy About Pumping Their Own Gas Many Oregonians Not Happy About Pumping Their Own Gas
- January 12, 2018

OR just left New Jersey as the only state whose residents are not out in the cold. pumping their own gas, that is. The outrage is apparent in a Facebook poll posted by an Oregon TV station that went viral. In 1951 , when OR first passed the law mandating gas station attendants, the rule made sense. "You have now taken away a nice luxury that most of us enjoyed". (more...)
Wrong-runway confusion during landing at SFO
- January 12, 2018

The Federal Aviation Administration is now investigating another incident involving runway confusion at San Francisco International Airport. - Flight controllers at SFO had to stop an incoming flight from landing on the wrong runway. An Aeromexico passenger jet meant to land on a runway occupied by a commercial jet before air traffic controllers ordered the Aeromexico jet to abort the landing, the San Jose Mercury News first reported . (more...)
Next enjoys belated Christmas present as sales surge Next enjoys belated Christmas present as sales surge
- January 12, 2018

This morning it reported a rise in sales over the festive period - up 1.5 per cent in the 54 days to December 24. He added that a 6.1% fall in sales at Next stores against a 13.6% rise in online sales , reflects the struggles facing bricks and mortar retailers as more consumers opt to make purchases on the internet. (more...)
Revenue Approximations Analysis: Teradyne, Inc. (TER), Occidental Petroleum Corporation (OXY)
- January 12, 2018

The stock decreased 0.21% or $0.13 during the last trading session, reaching $61.22. About 4,998 shares traded. CVS Health Corporation (NYSE:CVS) has declined 24.40% since January 12, 2017 and is downtrending. The mean rating score for this stock is at 2.80. Oppenheimer maintained the shares of OXY in report on Monday, August 3 with "Outperform" rating. Vertical Research downgraded Boise Cascade Company (NYSE:BCC) on Wednesday, October 4 to "Hold" rating. (more...)
Kenya Airways to start direct flights to the US Kenya Airways to start direct flights to the US
- January 12, 2018

Travelers heading to the United States of America will from October 28, be able to fly direct from the Jomo Kenyatta International Airport using Kenya Airways. Jim Holden, president of Holden Safaris, said, "Safaris in Kenya are very competitively priced, and now with direct flight connections, the destination offers an even more attractive safari package". (more...)
Aetna Moving To NYC? Not So Fast Aetna Moving To NYC? Not So Fast
- January 12, 2018

CVS confirmed to Channel 3 that the company has "no plans to relocate Aetna's operations from Hartford". But after the deal was struck, CVS said in regulatory filings that all locations were under review, putting in doubt Aetna's proposed $85 million Manhattan headquarters. (more...)
'Temperatures are forecast to fall rapidly': Icy conditions prompt special weather statement 'Temperatures are forecast to fall rapidly': Icy conditions prompt special weather statement
- January 12, 2018

There may also be brief freezing rain during the changeover". Surfaces such as highways, roads, walkways and parking lots will become icy, slippery and hazardous. Spring-like temperatures in Newfoundland Friday, while temperatures take rapid plunge across Labrador. Tonight: Low of -12 C. Periods of snow ending in the evening, then cloudy with a 60 per cent chance of flurries. (more...)
Stock Watch: Perrigo Company (PRGO) Higher 7.43% Over the Last Month Stock Watch: Perrigo Company (PRGO) Higher 7.43% Over the Last Month
- January 12, 2018

Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 10, 2017 and is uptrending. It has outperformed by 9.33% the S&P500. Sector Gamma As decreased its stake in Perrigo Co Plc ( PRGO ) by 4.67% based on its latest 2017Q3 regulatory filing with the SEC. (more...)
Sears Holdings Sees Narrower Net Loss In Q4; Aims Profitable FY18
- January 12, 2018

Sears Holdings Corporation ( SHLD ) surprised the stock market in its last reported earnings when it earned -$2.64 a piece versus the consensus-estimated -$4.46. The company, once the largest USA retailer, is saddled with $3.3 billion in debt and trying to boost liquidity after warning last March it had doubts it could continue as a going concern. (more...)
Dollar Tree Inc (NASDAQ:DLTR) Stock Through Resistance -- Technicals Hit Extreme Strength
- January 12, 2018

Lone Pine Capital LLC now owns 13,362,151 shares of the company's stock worth $1,259,249,000 after buying an additional 1,755,667 shares during the last quarter. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. About 944,686 shares traded. (more...)
Liam Neeson's The Commuter Is Anything but Routine Liam Neeson's The Commuter Is Anything but Routine
- January 12, 2018

Regardless, Taken on a train isn't the wisest idea because the franchise has been overdone. The film doesn't gain much traction from its familiar claustrophobic setting aboard a crowded train, nor does it take much time to ponder the moral complexity inherent in its thin ticking-clock premise. (more...)
1 dead, dozens sickened after romaine lettuce E. coli outbreak
- January 12, 2018

Health authorities tracked down romaine lettuce in Canada as the source of the E. coli outbreak, and USA officials are also taking caution. For now, Consumer Reports' food safety experts are advising that everyone stops eating romaine lettuce until the cause of the outbreak is identified. (more...)
Helix Energy Solutions Group, Inc. (HLX)- Stocks Raising Investors Eye Brows
- January 12, 2018

Vigilant Capital Mgmt has 97,521 shares for 2.24% of their portfolio. (NASDAQ:PCLN). Wespac Advsr owns 160 shares. Morgan Stanley initiated the shares of EEQ in report on Thursday, February 25 with "Underweight" rating. Cambridge Investment Rech Advisors reported 14,067 shares. Bollard Group Ltd reported 262,153 shares. The Boston Advisors Llc holds 136,115 shares with $11.22 million value, up from 88,985 last quarter. (more...)

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