Money


(VZ) Shares Trading up at $43.98 Verizon Communications to report… (VZ) Shares Trading up at $43.98 Verizon Communications to report…
- August 09, 2017

Hedge funds have recently added to or reduced their stakes in the stock. Blue Granite Capital LLC increased its stake in Verizon Communications by 11.8% in the second quarter. Excluding non-recurring items, adjusted earnings per share came to 96 cents, matching the FactSet consensus. During the same period a year ago, the company earned $0.94 EPS. (more...)
U.S. stocks edge lower in early trading; oil heads lower
- August 09, 2017

Overall, the Dow was off 66 points, or 0.3%, at 22,022, while the S&P 500 index was trading 0.4% lower at 2,465, and the Nasdaq Composite Index was 0.7% lower at 6,327. The major index futures are now pointing to a lower open for the markets, with the Dow futures down by 30 points. Tokyo's Nikkei 225 tumbled 1.3 percent, while Seoul's Kospi fell 1.1 percent. (more...)
Mylan NV (MYL) Position Cut by Russell Investments Group Ltd. Mylan NV (MYL) Position Cut by Russell Investments Group Ltd.
- August 09, 2017

A number of equities analysts recently weighed in on the stock. Mylan N.V. (NASDAQ: MYL ) has accumulated 0.94% over the course of one week. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.81 billion. (more...)
Krispy Kreme going chocolate to celebrate solar eclipse Krispy Kreme going chocolate to celebrate solar eclipse
- August 09, 2017

The company also encourages customers to check out the chocolate glaze waterfall that happens as doughnuts are prepared, because who doesn't want to watch a chocolate glaze waterfall. On Wednesday, the doughnut chain announced that it would debut the first-ever chocolate version of the chain's iconic original glazed doughnut to celebrate the solar eclipse. (more...)
Science Center zeros in on solar eclipse celebration
- August 09, 2017

Looking at it without proper protection can cause serious and permanent eye damage. Look for eclipse glasses or handheld solar viewers that have been verified by an accredited testing lab to meet the ISO 12312-2 safety standard. When you put them on, "you shouldn't be able to see anything...except the sun itself", the organizations says. "Others might be safe, but we do not know for certain that they are safe", Ross said. (more...)
Today Analysts Focus on Caterpillar Inc. (CAT), Fossil Group, Inc. (FOSL) Today Analysts Focus on Caterpillar Inc. (CAT), Fossil Group, Inc. (FOSL)
- August 09, 2017

Finally, Cowen and Company lowered their target price on Fossil Group from $15.00 to $12.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 10th. Renaissance Technologies LLC purchased a new position in Fossil Group during the fourth quarter worth $217,000. The number of shares that were traded during the day was 5.25 million, which corresponds to its 3-month volume average of 2.55 million shares a day. (more...)
S&P, Dow edge up to new all-time highs S&P, Dow edge up to new all-time highs
- August 09, 2017

The Standard & Poor's 500 index fell 5.99 points, or 0.2 percent, to 2,474.92. Meanwhile, the technology-heavy Nasdaq Composite Index (NYSEARCA:QQQ) rose 0.5% to 6,381.99. Apple rose as much as 1.91 percent to an all-time high and provided the biggest boost to all three major indexes. Warren Buffett's Berkshire Hathaway was down 1.11 percent after the company reported a drop in second-quarter profit. (more...)
Cayetano says China, Japan fueling economic growth in ASEAN Cayetano says China, Japan fueling economic growth in ASEAN
- August 09, 2017

Freeland said Canadian Prime Minister Justin Trudeau is expected to attend the ASEAN Economic Leaders' Meeting held in Vietnam's central coastal city of Da Nang in November 2017. Australia, Japan, and the US also reiterated its urge for claimants to "refrain from land reclamation, construction of outposts, militarization of disputed features, and undertaking unilateral actions that cause permanent physical change to the marine environment in areas pending delimitation". (more...)
Avis Budget Group, Inc Avis Budget Group, Inc
- August 09, 2017

Avis Budget Group had a return on equity of 74.55% and a net margin of 1.24%. A number of other hedge funds have also recently bought and sold shares of the stock. LS Investment Advisors LLC raised its position in Avis Budget Group by 27.6% in the first quarter. The biggest holder now is Mr. Henry R. Silverman who owns 9,237,826 shares (10.97% of those outstanding), whilst Ronald L. (more...)
Crude Oil Clings To $49 As Saudis Dig In Crude Oil Clings To $49 As Saudis Dig In
- August 09, 2017

An official familiar with the matter told Reuters that Saudi Arabian state oil company Aramco will decrease designated customer allocation next month by almost 520,000 barrels per day (bpd). On Tuesday, afternoon, industry group the American Petroleum Institute will release its figures on US oil inventories. "The reality is OPEC has no way of enforcing the production caps", said Gao Jian, an analyst at SCI International. (more...)
Dow notches 9th straight record close
- August 09, 2017

The S&P 500 lost six points, or 0.24%, to close at 2,475 and the Nasdaq Composite dropped 13 points, or 0.21%, to 6,370. Nasdaq 100 e-minis were up 7.25 points, or 0.12 percent, on volume of 16,846 contracts. In small-caps, the Russell 2000 Index closed at 1,410.15 for a loss of 4.02 points or 0.28%. Tech stocks have contributed greatly to the stock market this year, rising over 20 percent. (more...)
Bollard Group LLC Has $324000 Stake in Antero Midstream Partners LP
- August 09, 2017

It has underperformed by 14.11% the S&P500. Bonness Enterprises Inc decreased Masco Corp. (CBZ) by 5.48% based on its latest 2016Q4 regulatory filing with the SEC. The firm has "Sector Perform" rating by Howard Weil given on Tuesday, December 15. Wells Fargo downgraded the stock to "Market Perform" rating in Monday, January 18 report. (more...)
US Osprey That Went Down Off Australia Located US Osprey That Went Down Off Australia Located
- August 09, 2017

The families of the three missing US Marines were informed on Sunday that the search for survivors had been called off and replaced with a recovery operation. 'Please keep the families of those involved in the Osprey mishap near Australia in your thoughts and prayers, ' Marine Corps Commandant Robert Neller said. (more...)
Plains Group Holdings, LP (PAGP) Downgraded by Zacks Investment Research to Hold Plains Group Holdings, LP (PAGP) Downgraded by Zacks Investment Research to Hold
- August 09, 2017

The 8 months bearish chart indicates high risk for the $15.32 billion company. It was reported on Aug, 8 by Barchart.com. At the time of writing, the First Call consensus price target for the company is $31.35. (-) PAA, Downgrade to Neutral from Outperform at Robert W. Baird, which also pared its price target for the stock by $6 to $24 a share. The firm has "Neutral" rating given on Thursday, November 5 by Credit Suisse. (more...)
Triumph Motorcycles announces global partnership Triumph Motorcycles announces global partnership
- August 09, 2017

In the Indian and largely global contexts that is the 250-500cc space, where Triumph now has no products. Interestingly, while speaking - on the engagement of engineering teams at Bajaj and Triumph - to the TV channel, Bajaj also spoke about SKUs under partnership with Triumph Motorcycles . (more...)
Careem Partners with Chinese Ride-Hailing Giant Didi Chuxing Careem Partners with Chinese Ride-Hailing Giant Didi Chuxing
- August 09, 2017

No financial details of the investment were disclosed. Careem, a Middle East rival to Uber Technologies Inc, offers services to 12 million customers in 13 countries, predominantly in the Middle East, the company said. In June 2017, Prince Alwaleed Bin Talal invested $62 million for a 7.11% stake in the ride-hailing app as part of a larger $150 million Series E funding round including luxury auto maker Daimler. (more...)
Two types of Rs 500 notes? Congress alleges BJP in Rajya Sabha Two types of Rs 500 notes? Congress alleges BJP in Rajya Sabha
- August 09, 2017

Using this discrepancy as an example to attack the Centre, the Congress said that this showed how the government was treating the entire economy. Not satisfied, Congress members trooped into the well raising slogans and the House was adjourned for 15 minutes till 1143. (more...)
Mazda claims new gasoline engine is world's most efficient Mazda claims new gasoline engine is world's most efficient
- August 09, 2017

The system, labelled Spark Controlled Compression Ignition, mixes petrol and air together in the engine's cylinder like a regular spark ignition engine, but then ignites it using compression at lower load or with a spark at higher loads. Mazda's engine technology makes up the heart of the automaker, said one of its top executives. The new engines capable of HCCI, which will be known as SkyActiv-X, are thought to be destined for the next-generation Mazda 3 compact hatchback and sedan. (more...)
Uber Co-Founder Said Travis Not Returning as CEO
- August 09, 2017

We have committed to hiring a new world class CEO to lead Uber". The company is struggling to hire a replacement for Kalanick, in part because the former chief executive remains on Uber's board and is a member of the committee seeking his successor. (more...)
United Kingdom payments processor Worldpay agrees £9.3bn merger with USA rival Vantiv United Kingdom payments processor Worldpay agrees £9.3bn merger with USA rival Vantiv
- August 09, 2017

Charles Drucker, the Vantiv chief executive, will head the group as executive chairman and co-chief executive. "The boards of directors of Vantiv and Worldpay are pleased to announce that they have reached agreement on the terms of a recommended merger of Worldpay with Vantiv.in the form of a recommended offer", they said in a statement to the London Stock Exchange . (more...)

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