Money


Wells Fargo boosts estimate of fake accounts to 3.5M Wells Fargo boosts estimate of fake accounts to 3.5M
- September 01, 2017

Summary: Wells Fargo admitted that 3.5 million fake accounts were created by employees trying to meet unrealistic sales goals. Elizabeth Warren , who has been tough on Wells Fargo , had a point. (NASDAQ:AAPL) for 444,205 shares. Following the completion of the transaction, the insider now directly owns 109 shares of the company's stock, valued at approximately $5,675.63. (more...)
Bank of England policymaker calls for 'modest' interest rate rise Bank of England policymaker calls for 'modest' interest rate rise
- September 01, 2017

A senior Bank of England official said Thursday that the United Kingdom central bank should raise interest rates now to restrain inflation. But the MPC's foot no longer needs to be quite so firmly on the accelerator, he believes. "I do not want to dismiss risks that the Brexit process might be bumpy, and could undermine business and consumer confidence", he said. Echoing Governor Mark Carney's comments previous year, Saunders said the BOE is "not indifferent" to the faster inflation ... (more...)
Uber's New CEO Played a Role in Expedia's Bet on Alice Uber's New CEO Played a Role in Expedia's Bet on Alice
- September 01, 2017

The Iranian-American has responded to initial public offering (IPO) questions by expressing the opinion that he would like to see it as late as possible. "Culture is written bottoms up". Uber's current chairman is Garrett Camp, who is expected to be replaced, according to the Journal. Kalanick stepped down as chief executive in June due to pressure from influential investors, including Benchmark Capital, which went on to file a civil lawsuit against Kalanick, accusing him of fraud, breach of ... (more...)
ConAgra Brands, Inc. (CAG) Hits a 52-Week Low
- September 01, 2017

The institutional investor held 800,000 shares of the telecommunications equipment company at the end of 2016Q4, valued at $2.14M, down from 1.11 million at the end of the previous reported quarter. This implies that the market is now less bearish on the outlook for CAG. COPYRIGHT VIOLATION WARNING: This piece was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. (more...)
UK PM Theresa May UK PM Theresa May
- September 01, 2017

Labour said she was "deluding herself" - but Foreign Secretary Boris Johnson led her defence, insisting she could win an absolute majority. "We have the right leader and PM to deliver this for us". May's office said her visit is expected to cover "a wide range of bilateral and regional issues". Her official meetings with Abe and other Japanese officials are scheduled for Thursday in Tokyo. (more...)
Oklahoma gas prices holding steady in wake of Hurricane Harvey Oklahoma gas prices holding steady in wake of Hurricane Harvey
- September 01, 2017

More than 2 million barrels per day of US refining capacity remain shut because of Harvey , which slammed into the Texas coast near Corpus Christi late on Friday. Hurricane Harvey has already taken an enormous human toll on the Gulf Coast, killing at least eight people and forcing around 30,000 to seek shelter from the unprecedented rainfall. (more...)
Petroleo Brasileiro SA - Petrobras (PBR) has current market capitalization of $58.74 Billion
- September 01, 2017

About 155,963 shares traded or 12.31% up from the average. Automatic Data Processing (NASDAQ:ADP) has risen 15.83% since August 24, 2016 and is uptrending. Lannett had 25 analyst reports since July 21, 2015 according to SRatingsIntel. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover PBR having a buy-equivalent rating. (more...)
Gas Prices To Continue Rise As Key Southeastern Pipeline Runs Intermittently Gas Prices To Continue Rise As Key Southeastern Pipeline Runs Intermittently
- September 01, 2017

The pipeline transports more than 3 million barrels of diesel, gasoline and jet fuel each day from Houston to New York Harbor, making it the main provider for major cities like New York, Atlanta and Washington, D.C. Power outages during Hurricanes Katrina and Rita in 2005 forced the shutdown of parts of the Colonial Pipeline for several days. Colonial said of the 26 refineries that connect to the Colonial system, 13 were located between Houston and Lake Charles, Louisiana, an area affected ... (more...)
India rupee: Opposition say cash crackdown was disaster India rupee: Opposition say cash crackdown was disaster
- September 01, 2017

The government of India banning high value currency notes on November 8 previous year - a move that has come to be known as demonetisation - is truly a non-event, contrary to how the government had projected it. The government had initially estimated about 5 trillion rupees, of the 15.4 trillion rupees rendered worthless by "demonetisation" on November 9 past year, to remain undeclared as it may have escaped the tax net illegally. (more...)
India's Demonetisation: 99% banned notes returned to Central Bank India's Demonetisation: 99% banned notes returned to Central Bank
- September 01, 2017

The RBI lost more money on printing notes compared to the bills that were permanently extinguished, former finance minister Palaniappan Chidambaram said . The reality, he said, is that the RBI data released today proves only Rs 16000 crore out of the 15.44 lakh crore money in circulation came back and of this, Rs 9000 crore is still stuck. (more...)
Triple talaq petitioner Ishrat Jahan's children missing Triple talaq petitioner Ishrat Jahan's children missing
- September 01, 2017

Ishrat Jehan, who was one of the five petitioners in the triple talaq case, today accused her former husband and in-laws of kidnapping her two children, who were later found with their father by the police. As she couldn't find them for hours, she suspected her husband and in-laws who stay nearby, of having taken the children. However, almost an hour after the police complaint was lodged, the kids were rescued by police, according to officials. (more...)
Checking in on this year's mortgage rates Checking in on this year's mortgage rates
- September 01, 2017

The 30-year fixed-rate mortgage averaged 3.82% for the week ending August 31, down from last week when it averaged 3.86%. "Recent releases of positive economic data could halt the downward trend of mortgage rates ", he said. Mortgage Bankers Association reports the total volume of mortgage applications - including refinancing and home purchases - increased by a mere 0.1 percent when comparing week-over-week results. (more...)
Indefinite Strike In The Hills Becomes Reason For GJM v/s GJM Clash Indefinite Strike In The Hills Becomes Reason For GJM v/s GJM Clash
- September 01, 2017

The indefinite shutdown in the hills had entered its 78th day today. Nearly 11 weeks into the Darjeeling shutdown, three major political parties in the hills held talks with the West Bengal government at the State Secretariat "Nabanna" building here on Tuesday, reviving fresh hopes that the deadlock may be resolved. (more...)
Time for Abe to put some eggs in the China basket Time for Abe to put some eggs in the China basket
- September 01, 2017

The top envoys on North Korea's nuclear program from South Korea, the United States and Japan agreed on Tuesday to jointly take punitive action on the North over its ballistic missile launch earlier in the day in their emergency phone conversations, the foreign ministry here said. (more...)
Princeton Alpha Management LP Takes Position in JP Morgan Chase & Co (JPM)
- September 01, 2017

About 100 shares traded. Crossvault Capital Management LLC's holdings in J P Morgan Chase & Co were worth $5,163,000 as of its most recent SEC filing. 218,893 were accumulated by Nomura. Benjamin F Edwards And Co Inc owns 18,264 shares for 0.26% of their portfolio. Diamond Hill Management owns 4,846 shares or 0% of their United States portfolio. (more...)
United States stocks rise on weak inflation figures United States stocks rise on weak inflation figures
- September 01, 2017

The so-called core PCE price index, which is the Fed's preferred inflation measure, has now risen by the same margin for three straight months. Energy decreased by 0.1 percent for the month, but even excluding the volatile food and fuel categories, the "core" PCE index still gained 0.1 percent, the same as May and June. (more...)
Key US inflation measure sees modest July gain Key US inflation measure sees modest July gain
- September 01, 2017

Although the number met median estimates from economists polled by MarketWatch, the annual rate slipped to 1.4% from 1.5%. The Fed has said it expects inflation to stabilize near its two percent target over the medium term. Wall Street is edging higher on the back of generally upbeat readings on the economy and ahead of the release of the all-important monthly United States jobs report which was due out on the next day. (more...)
Otonomy, Inc. (OTIC) Downgraded by JP Morgan Chase & Co Otonomy, Inc. (OTIC) Downgraded by JP Morgan Chase & Co
- September 01, 2017

The stock has "Buy" rating by Janney Capital on Thursday, December 3. Based on data provided from analysts polled by Thomson Reuters , The McClatchy Company has a current consensus target price of 37.00. The biopharmaceutical company reported ($0.77) earnings per share (EPS ) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.80) by $0.03. (more...)
Stock is up at $82.29 (TXN) TI Chief Financial Officer Rafael…
- September 01, 2017

Tci Wealth Advsr owns 1,002 shares or 0.04% of their U.S. portfolio. During the same period previous year, the business earned $0.76 earnings per share. Blackrock Mngmt Limited Liability Corp reported 2.18M shares. Gateway Advisers Ltd Llc owns 618,001 shares. 14,341 are held by Bb&T Ltd Co. Grimes And Company invested in 6,406 shares. (more...)
Frontier Communications Corpora (NASDAQ:FTR) Sees Unusual Trading Volume in Its Shares
- September 01, 2017

Canaccord Genuity maintained the shares of BKG in report on Tuesday, February 23 with "Buy" rating . The firm has "Neutral" rating by DA Davidson given on Friday, July 29. Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Therefore 19% are positive. Presently Frontier Communications Corporation (NASDAQ:FTR) stock have an ABR of 2.77. (more...)

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