Money

Alibaba Q2 Profit Surges; Lifts FY18 Revenue Growth View

Alibaba Q2 Profit Surges; Lifts FY18 Revenue Growth View In pre-market activity, Alibaba shares were gaining around 3.7 percent to trade at $192.93. CEO Daniel Zhang paid tribute to Alibaba's push into offline-to-online in China which has seen the firm roll out a facial recognition-based payment pilot and expand its "hybrid" stores that combine e-commerce with offline shopping to 20 nationwide. [Full Article...]

Up-to-date Analyst's Assessments: GoPro, Inc. (GPRO), WPX Energy, Inc. (WPX)

Dougherty & Co reissued a neutral rating on shares of GoPro in a research note on Wednesday, August 10th. They noted that the move was a valuation call. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright law. In other GoPro news, COO Charles J. [Full Article...]

Broadcom moving from Singapore to United States as tax reform brews

Broadcom moving from Singapore to United States as tax reform brews Trump also touted Republicans' new tax reform bill - unveiled on Capitol Hill today - as a "big, lovely Christmas present" for Americans that will also create jobs. In 2016, Avago Technologies bought Broadcom Corp., forming Broadcom Limited , in a cash and stock deal worth about $37 billion. Almost 20 percent of its revenue in the most recent fiscal quarter came from sales to Apple and the co... [Full Article...]

Kmart stores in Versailles and Frankfort to close

Kmart stores in Versailles and Frankfort to close The Wards Road store is the only Kmart in the Lynchburg area. On its website Thursday, Sears Holding said the closings were part of its ongoing "strategic assessment" of its store base and that it was continuing to find the right size and number of stores to operate successfully. [Full Article...]

Bombardier lands large potential C Series order; cuts deliveries for year

The deal was confirmed as part of Bombardier's third quarter results but the report also revealed that the firm is facing difficulties completing the groundbreaking aircraft because of a "short term" delays in the delivery of engines from USA firm Pratt and Whitney. [Full Article...]

Teva plunges 18% after drugmaker lowers 2017 outlook again

Teva plunges 18% after drugmaker lowers 2017 outlook again L P now owns 1,089,005 shares of the company's stock worth $58,272,000 after buying an additional 98,352 shares during the last quarter. Teva Pharmaceutical's third-quarter performance continued to be hamstrung by ongoing generic drug pricing weakness. [Full Article...]

Whole Foods Market to add 6000 workers during hiring event

Whole Foods Market to add 6000 workers during hiring event Available positions include cashiers, culinary experts and prepared food specialists. On its website, the company promises, "Interviews with the possibility for on-the-spot job offers". Among the employee benefits are 20 percent off all Whole Foods purchases; flexible schedules; and competitive pay and benefits to full-time and part-time employees. [Full Article...]

Chesapeake Energy Corporation (CHK) Stock Drops on Mixed Q3

Principal Financial Group Inc. raised its stake in Chesapeake Energy Corporation by 3.5% during the 1st quarter. The number of shares now owned by investors are 1.98 bln. The company's distance from 52-week high price is -53.17% and current price is above +12.61% from 52-week low price. Chesapeake Energy Corporation (NYSE: CHK ) displayed a change of 1.59% after which it closed the day' se... [Full Article...]

The Brokerages give average Rating of "Buy" to Vectura Group PLC (VEC)

The Brokerages give average Rating of Therefore 56% are positive. IDEXX Laboratories had 22 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has "Underweight" rating by Piper Jaffray on Wednesday, November 16. It has a 22.75 P/E ratio. The Company's divisions include Business process outsourcing and Information technology services. Wilmington PLC (LON:WIL)'s stock had its "buy" rating reiterated by investmen... [Full Article...]

How AT&T and Time Warner Compared in 3Q17

Aureus Asset Management LLC increased its position in shares of Time Warner by 0.7% during the second quarter. Net profit margin of Time Warner Inc . Some think the news may represent more posturing by Justice, and that Time Warner shares look appealing. Sanford C. Bernstein reissued a "market perform" rating on shares of Time Warner in a research report on Tuesday, September 12th. [Full Article...]

3D Systems withdraws full-year outlook, shares down 16 percent

3D Systems withdraws full-year outlook, shares down 16 percent A total of 10 analysts have released a research note on DDD . 08/03/2017 - 3D Systems Corporation had its "hold" rating reiterated by analysts at Loop Capital. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and worldwide trademark and copyright laws. [Full Article...]

Pound falls after United Kingdom central bank hikes rates

Pound falls after United Kingdom central bank hikes rates Royal Dutch Shell ( RDSa.L ) added 0.4 percent, remaining close to its highest level since September 2014. Keefe Bruyette & Woods analysts said these three banks were best placed to benefit from one-off rate hike but any sustained rate rises could eventually turn into a headwind. [Full Article...]

Samsung Elec says Roh Hee-chan picked as new CFO

Samsung Elec says Roh Hee-chan picked as new CFO Also resigning are Yoon Boo-keun and Jong-kyun, who are stepping down from their previous co-CEO offices. Kwon, who headed the components division will serve as the chairman of Samsung's R&D unit Samsung Advanced Institute of Technology while Yoon and Shin, who used to lead the home appliances and mobile units, will be in charge of corporate relations and human resources development, respectivel... [Full Article...]

'World Food India to generate Rs 65000 Cr worth of investment'

'World Food India to generate Rs 65000 Cr worth of investment' Multiple reports on Wednesday cited the humble meal could be he "national food" after report it will be the recipe that will be made at a huge upcoming event in Delhi. The conference will be held here from November 3-5. "It has never happened in the country before that companies from across the globe have come under one roof to participate in an event in such a grand manner", Badal said. [Full Article...]

$7150: Bitcoin Price Hits New All-Time High; $10000 by 2017's End?

$7150: Bitcoin Price Hits New All-Time High; $10000 by 2017's End? Bitcoin climbed past US$7,000 (RM29,582) for the first time, breaching another milestone less than one month after it tore through the US$5,000 mark. "Given increasing client interest in the evolving cryptocurrency markets, we have chose to introduce a bitcoin futures contract". Markets hit an average high of $6,629.00 around 16:34 UTC, data from the CoinDesk Bitcoin price Index (BPI) shows. [Full Article...]

Tesla reports biggest-ever quarterly loss, Model 3 delays (TSLA)

Tesla reports biggest-ever quarterly loss, Model 3 delays (TSLA) Tesla posted a net loss of $619.4 million, or $3.70 per share, for the third quarter ended September 30 compared to a profit of $21.9 million, or 14 cents per share, a year earlier. "At the rate Tesla is producing, the Model 3 may be my Christmas present to myself next year!" Meanwhile, revenues of $2.98bn were higher than last year's $2.3bn, and just topped forecasts of $2.95bn. [Full Article...]

Gender gap grows again after a decade

However, at the current rate of progress, the gender gap will take almost 100 years to bridge, WEF said. The country, WEF said, has closed 88 per cent of the gender gap. In conclusion, WEF suggests India may need to employ more women in top elected government positions to maintain its top 20 ranking in 'political empowerment'. [Full Article...]

National Australia Bank to slash headcount as profit breaks record

NAB's profit is considerably less than the Commonwealth Bank's $9.93 billion profit, and slightly below ANZ's $6.94 billion profit. Cash earnings-a measure that strips out sold businesses, treasury shares and other items-rose by 2.5% to A$6.64 billion for the fiscal year, meeting expectations. [Full Article...]

FDA Backtracks Claim that Soy Protein Reduces Heart Disease

FDA Backtracks Claim that Soy Protein Reduces Heart Disease The statement ended with consumers to follow dietary advice that is presented in the 2015-2020 Dietary Guidelines. According to the industry figures mentioned by the FDA, the health claim about soy protein reduces risks of heart diseases, can be seen on around 200 to 300 USA products including soy milk brands. [Full Article...]

Iowa's Clovis urged Trump foreign policy adviser to meet with Russians

Iowa's Clovis urged Trump foreign policy adviser to meet with Russians Some backers point to his White House connections as an omen that Clovis could be a conduit for larger funding. Records made public Monday in Papadopoulos' case list a gaggle of people who were in touch with him during the campaign but only with such identifiers as "Campaign Supervisor", "Senior Policy Advisor" and "High-Ranking Campaign Official". [Full Article...]


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