Money
ICICI Bank Q3 net profit falls 32% to Rs 1650 crore
- January 31, 2018
Net Interest Income (NII) was at Rs 5,705.27 crore in this quarter, which was up by 6.37% from Rs 5,363.35 crore in Q3FY17, but mostly muted from Rs 5,709.07 crore in Q2FY18. Expecting the bank to be in the black in the next three-four quarters, Gurudeo Yadwadkar, Deputy Managing Director, emphasised that the bank's net interest income was up 105 per cent and operating profit showed a substantial jump (rising to ₹1,420 crore against ₹182 crore in the year-ago quarter). (more...)
- January 31, 2018
Net Interest Income (NII) was at Rs 5,705.27 crore in this quarter, which was up by 6.37% from Rs 5,363.35 crore in Q3FY17, but mostly muted from Rs 5,709.07 crore in Q2FY18. Expecting the bank to be in the black in the next three-four quarters, Gurudeo Yadwadkar, Deputy Managing Director, emphasised that the bank's net interest income was up 105 per cent and operating profit showed a substantial jump (rising to ₹1,420 crore against ₹182 crore in the year-ago quarter). (more...)
Boeing 4Q Earnings Jump 92% To $3.1 Bn, Topping Estimates
- January 31, 2018
This is a boost from Boeing's previous quarterly dividend of $1.42. The Two Sigma Securities Llc holds 3,642 shares with $926,000 value, down from 10,651 last quarter. Net earnings in 2017 grew 67% year-over-year to $8.2 billion on a 1% decline in revenue. Boeing's adjusted or core earnings per share expectation for 2018 are in the range of $13.80-$14.00. (more...)
- January 31, 2018
This is a boost from Boeing's previous quarterly dividend of $1.42. The Two Sigma Securities Llc holds 3,642 shares with $926,000 value, down from 10,651 last quarter. Net earnings in 2017 grew 67% year-over-year to $8.2 billion on a 1% decline in revenue. Boeing's adjusted or core earnings per share expectation for 2018 are in the range of $13.80-$14.00. (more...)
Top PulteGroup, Inc. (PHM) Shareholders For 09/30/2017
- January 31, 2018
Neste Oyj, a refining and marketing company, provides oil refining and renewable solutions in Finland and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. "Margins for the year (2018) reflect the impact of higher land, labor and material costs, particularly lumber and concrete, partially offset by higher selling prices", Pulte Chief Financial Officer Robert O'Shaughnessy said on the earnings call. (more...)
- January 31, 2018
Neste Oyj, a refining and marketing company, provides oil refining and renewable solutions in Finland and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. "Margins for the year (2018) reflect the impact of higher land, labor and material costs, particularly lumber and concrete, partially offset by higher selling prices", Pulte Chief Financial Officer Robert O'Shaughnessy said on the earnings call. (more...)
Noble (NYSE:NE) Upgraded to Hold by Zacks Investment Research
- January 31, 2018
National Investment Services Inc bought 41,987 shares as the company's stock declined 15.68% while stock markets rallied. WI now owns 202,091 shares of the oil and gas development company's stock valued at $5,889,000 after purchasing an additional 18,150 shares in the last quarter. (more...)
- January 31, 2018
National Investment Services Inc bought 41,987 shares as the company's stock declined 15.68% while stock markets rallied. WI now owns 202,091 shares of the oil and gas development company's stock valued at $5,889,000 after purchasing an additional 18,150 shares in the last quarter. (more...)
Eli Lilly beats earnings forecasts
- January 31, 2018
The stock increased 0.85% or $1.58 during the last trading session, reaching $187.56. About 445,972 shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since January 31, 2017 and is uptrending. On Wednesday, December 13 the stock rating was maintained by Credit Suisse with "Hold". Among 54 analysts covering Facebook ( NASDAQ:FB ), 50 have Buy rating, 2 Sell and 2 Hold. (more...)
- January 31, 2018
The stock increased 0.85% or $1.58 during the last trading session, reaching $187.56. About 445,972 shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since January 31, 2017 and is uptrending. On Wednesday, December 13 the stock rating was maintained by Credit Suisse with "Hold". Among 54 analysts covering Facebook ( NASDAQ:FB ), 50 have Buy rating, 2 Sell and 2 Hold. (more...)
Exxon Mobil plans to triple Permian production
- January 31, 2018
The Irving, Texas-based supermajor, which expects to lift its Permian horizontal rig count by another 65% over the next few years, notes that it has doubled its footage drilled per day on horizontal wells in the basin since early 2014 while reducing its per-foot drilling costs by 70%. (more...)
- January 31, 2018
The Irving, Texas-based supermajor, which expects to lift its Permian horizontal rig count by another 65% over the next few years, notes that it has doubled its footage drilled per day on horizontal wells in the basin since early 2014 while reducing its per-foot drilling costs by 70%. (more...)
South Korea Implements New Cryptocurrency Rules
- January 31, 2018
Bitcoin dipped back below US$10,000 Wednesday. New regulation of bitcoin and other cryptocurrencies has come into force in South Korea, one of the biggest markets for trading. Bank of Japan Governor Haruhiko Kuroda said earlier on Wednesday that all cryptocurrency services must have strict security measures in place, and that Japan's financial regulator will be inspecting all cryptocurrency exchanges. (more...)
- January 31, 2018
Bitcoin dipped back below US$10,000 Wednesday. New regulation of bitcoin and other cryptocurrencies has come into force in South Korea, one of the biggest markets for trading. Bank of Japan Governor Haruhiko Kuroda said earlier on Wednesday that all cryptocurrency services must have strict security measures in place, and that Japan's financial regulator will be inspecting all cryptocurrency exchanges. (more...)
Palladium Partners LLC Sells 7115 Shares of Starbucks Co. (SBUX)
- January 31, 2018
It has outperformed by 40.33% the S&P500. Saratoga Research & Investment Management increased its stake in Starbucks ( SBUX ) by 24.12% based on its latest 2017Q3 regulatory filing with the SEC. As per Tuesday, January 16, the company rating was maintained by Barclays Capital. The firm earned "Outperform" rating on Friday, July 22 by Wedbush. (more...)
- January 31, 2018
It has outperformed by 40.33% the S&P500. Saratoga Research & Investment Management increased its stake in Starbucks ( SBUX ) by 24.12% based on its latest 2017Q3 regulatory filing with the SEC. As per Tuesday, January 16, the company rating was maintained by Barclays Capital. The firm earned "Outperform" rating on Friday, July 22 by Wedbush. (more...)
Xerox, Japan's Fujifilm Agree To Combine Fuji Xerox JV With Xerox
- January 31, 2018
Fujifilm Holdings has agreed in principle with Xerox to merge the US company and their co-owned subsidiary, Fuji Xerox. The company's market cap is $8.32 billion. Fujifilm owns 75 percent while Xerox Corp holds 25 percent of the joint venture . Xerox has been targeted by activist investor Carl Icahn and shareholder Darwin Deason, who joined forces last week to push Xerox to explore strategic options, oust its "old guard", including its CEO, and negotiate better terms for its decades-long ... (more...)
- January 31, 2018
Fujifilm Holdings has agreed in principle with Xerox to merge the US company and their co-owned subsidiary, Fuji Xerox. The company's market cap is $8.32 billion. Fujifilm owns 75 percent while Xerox Corp holds 25 percent of the joint venture . Xerox has been targeted by activist investor Carl Icahn and shareholder Darwin Deason, who joined forces last week to push Xerox to explore strategic options, oust its "old guard", including its CEO, and negotiate better terms for its decades-long ... (more...)
Bp Plc Has $41.31 Million Stake in Exxon Mobil Co. (NYSE:XOM)
- January 31, 2018
Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company's stock valued at $1,673,000 after buying an additional 891 shares during the last quarter. The firm has "Hold" rating by Jefferies given on Thursday, October 19. The stock of Exxon Mobil Corporation (NYSE: XOM ) has "Strong-Buy" rating given on Wednesday, August 12 by Vetr . (more...)
- January 31, 2018
Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company's stock valued at $1,673,000 after buying an additional 891 shares during the last quarter. The firm has "Hold" rating by Jefferies given on Thursday, October 19. The stock of Exxon Mobil Corporation (NYSE: XOM ) has "Strong-Buy" rating given on Wednesday, August 12 by Vetr . (more...)
Worker who sent missile alert thought it was not a drill
- January 31, 2018
Even though the word "exercise" was said six times, the employee who pushed the button said he did not hear it. The FCC in its report said that the incident happening during a shift change . He responded by sending the alert without sign-off from a supervisor. And number two, Hawaii's Emergency Management Agency didn't have a plan for what to do if a false alert was transmitted. (more...)
- January 31, 2018
Even though the word "exercise" was said six times, the employee who pushed the button said he did not hear it. The FCC in its report said that the incident happening during a shift change . He responded by sending the alert without sign-off from a supervisor. And number two, Hawaii's Emergency Management Agency didn't have a plan for what to do if a false alert was transmitted. (more...)
Amazon, Berkshire and JPMorgan partner to tackle health care
- January 31, 2018
All that we know is that the company is in the "early planning stages". But costs are soaring, and health care consumes a growing chunk of their budgets. For now, Amazon et al. are only hoping to roll out this health care company to their employees . The company previously put together a team to figure out how to bring down the cost of pharmaceuticals for its employees . (more...)
- January 31, 2018
All that we know is that the company is in the "early planning stages". But costs are soaring, and health care consumes a growing chunk of their budgets. For now, Amazon et al. are only hoping to roll out this health care company to their employees . The company previously put together a team to figure out how to bring down the cost of pharmaceuticals for its employees . (more...)
CBA faces court for market manipulation
- January 31, 2018
Commonwealth Bank disputed the allegations, it said in its response to the ASIC lawsuit. The Australian Securities & Investments Commission (ASIC) has taken the Commonwealth Bank of Australia (CBA) to the Federal Court over allegations of unconscionable conduct and market manipulation. (more...)
- January 31, 2018
Commonwealth Bank disputed the allegations, it said in its response to the ASIC lawsuit. The Australian Securities & Investments Commission (ASIC) has taken the Commonwealth Bank of Australia (CBA) to the Federal Court over allegations of unconscionable conduct and market manipulation. (more...)
Wynn Resorts, Limited (NASDAQ:WYNN) Announces $0.50 Quarterly Dividend
- January 31, 2018
Steve Wynn is the biggest shareholder of the casino company that bears his name, and he's transformed Las Vegas with trailblazing projects. The company's share price is down -72.83% from previous highs of around $2.99 per share on February 16, 2017. (more...)
- January 31, 2018
Steve Wynn is the biggest shareholder of the casino company that bears his name, and he's transformed Las Vegas with trailblazing projects. The company's share price is down -72.83% from previous highs of around $2.99 per share on February 16, 2017. (more...)
Dow slumps 362 points, health care stocks sink
- January 31, 2018
The 30-stock index was also on track for its biggest two-day points drop since September 2016. In early trade on Tuesday, the Dow Jones Industrial Average was down 230.55 points, or 0.87 per cent, at 26,208.93, the S&P 500 was down 20.52 points, or 0.71 per cent, at 2,833.01. (more...)
- January 31, 2018
The 30-stock index was also on track for its biggest two-day points drop since September 2016. In early trade on Tuesday, the Dow Jones Industrial Average was down 230.55 points, or 0.87 per cent, at 26,208.93, the S&P 500 was down 20.52 points, or 0.71 per cent, at 2,833.01. (more...)
Saudi urges oil producers to extend unity beyond 2018
- January 31, 2018
The price of crude has risen about 50 per cent since June, with the USA benchmark now trading around $63 a barrel, on evidence of strong global economic growth and a pact among OPEC countries and Russian Federation to limit their production. (more...)
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- January 31, 2018
The price of crude has risen about 50 per cent since June, with the USA benchmark now trading around $63 a barrel, on evidence of strong global economic growth and a pact among OPEC countries and Russian Federation to limit their production. (more...)
Advanced Micro Devices, Inc. (AMD) Earnings Beat Estimates, Stock Slumps
- January 31, 2018
Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. Following the completion of the sale, the insider now owns 1,331,579 shares of the company's stock, valued at $16,085,474.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . (more...)
- January 31, 2018
Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. Following the completion of the sale, the insider now owns 1,331,579 shares of the company's stock, valued at $16,085,474.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . (more...)
Samsung reports record 2017 profit, announces 50-1 stock split
- January 31, 2018
The firm's sales grew 23-point-seven percent to reach 65-point-98 trillion won in the September-December period. Samsung Electronics , the flagship subsidiary of the giant Samsung Group, has had to overcome a humiliating recall of the Galaxy Note7 device and the jailing of its vice-chairman Lee Jae-Yong on corruption charges, but its financial performance has gone from strength to strength. (more...)
- January 31, 2018
The firm's sales grew 23-point-seven percent to reach 65-point-98 trillion won in the September-December period. Samsung Electronics , the flagship subsidiary of the giant Samsung Group, has had to overcome a humiliating recall of the Galaxy Note7 device and the jailing of its vice-chairman Lee Jae-Yong on corruption charges, but its financial performance has gone from strength to strength. (more...)
US Dollar Shackled to Trumps Trade and Twitter Rants
- January 31, 2018
The Australian dollar fell sharply back to 80.11 US cents after US President Donald Trump's latest comments at the World Economic Forum in Davos . Draghi said that Mnuchin's comments don't just have implications in forex-exchange markets but questions "the status of worldwide relations". Mnuchin's remarks were a break in precedent, since most previous Treasury secretaries have touted a strong dollar. (more...)
- January 31, 2018
The Australian dollar fell sharply back to 80.11 US cents after US President Donald Trump's latest comments at the World Economic Forum in Davos . Draghi said that Mnuchin's comments don't just have implications in forex-exchange markets but questions "the status of worldwide relations". Mnuchin's remarks were a break in precedent, since most previous Treasury secretaries have touted a strong dollar. (more...)
Harley-Davison to consolidate Kansas City assembly plant to York County facility
- January 31, 2018
On Tuesday, Harley said it would invest $25 million to $50 million a year over the next several years to develop electric motorcycle technology and was on target to launch its first electric bike within 18 months. Motorcycle sales were down 11.1% nationally last year, after years of climbing sales according to the owner of Topeka's Historic Harley Davidson dealership, Mike Patterson. (more...)
- January 31, 2018
On Tuesday, Harley said it would invest $25 million to $50 million a year over the next several years to develop electric motorcycle technology and was on target to launch its first electric bike within 18 months. Motorcycle sales were down 11.1% nationally last year, after years of climbing sales according to the owner of Topeka's Historic Harley Davidson dealership, Mike Patterson. (more...)
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