Money

Apple Inc. (AAPL): Start Paying Attention to Revised Ratings

Apple Inc. (AAPL): Start Paying Attention to Revised Ratings The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . The company offered net profit margin of -26.30%, while its gross profit margin was 37.20%. The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. The disclosure for this sale can be found here. [Full Article...]

Oil prices rise in anticipation of extended OPEC-led production cut

Before the closed-door meeting started, Mr. Falih told reporters that it seemed "highly likely" that the 13-nation cartel, which controls about 40% of world production, would agree to roll over the same terms for a nine-month period. Oil prices fell sharply in North American trading on Thursday, erasing overnight gains following reports that global crude producers agreed to extend production cu... [Full Article...]

Pressure cooker causes bomb scare at Newark Airport

Pressure cooker causes bomb scare at Newark Airport Police said travelers should expect delays. The TSA Union says the pressure cooker was found curbside in a brown bag. "It's not a device", said a Port Authority source, who said officials will be reviewing surveillance footage to see who left the parcel. [Full Article...]

Ford to cut 1400 jobs in North America, Asia

The newspaper reported the cuts would target salaried employees and reduce Ford's global headcount by 10 percent. The automaker is targeting US$3 billion in cost cuts for 2017 in a bid to improve profitability in 2018, the Journal said. [Full Article...]

College dropout now receives honorary degree from HARVARD. Guess who is it?

College dropout now receives honorary degree from HARVARD. Guess who is it? Its broad reach has made the company a lightning rod for controversy, most recently for the ways that producers of fake news stories used it to influence public opinion during the 2016 US presidential election, and for a pair of incidents last month in which users posted videos of two murders, one of them live. [Full Article...]

Former Texas nurse accused of killing dozens of kids in '80s

Former Texas nurse accused of killing dozens of kids in '80s Genene Jones , 66, was sentenced to 99 years in prison after being convicted of giving a fatal overdose to 15-month-old Chelsea McClellan in 1982 and was suspected by prosecutors of giving fatal injections to as many as 60 infants and toddlers. [Full Article...]

United States Steel Co. (X) Director Stephen J. Girsky Purchases 2500 Shares

The rating was downgraded by Cowen & Co on Wednesday, May 10 to "Market Perform". Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The ex-dividend date is Monday, May 8th. Guggenheim Capital Limited Co holds 0% in AK Steel Holding Corporation (NYSE: AKS ) or 90,067 shares. The shares were bought at a... [Full Article...]

ONGC reports 6 percent fall in fourth-quarter net profit

ONGC reports 6 percent fall in fourth-quarter net profit In FY17, the television broadcasting business posted an operating profit of Rs 157.7 crore compared to Rs 156.1 crore a year ago. Revenue from FMCG-Others segment was up 6.45 per cent to Rs 2,885.76 crore during the quarter under review against Rs 2,710.78 crore in the year-ago period. [Full Article...]

Trump makes G-7 deal on trade, takes rain check on climate

Italian Prime Minister Paolo Gentiloni said Mr Trump was still considering the matter, but added that he believed Washington would in the end honour its commitment to cut green house gas emissions under the 2015 Paris Agreement . On the campaign trail previous year, Mr Trump threatened to slap unilateral tariffs on Mexican and Chinese goods and said he would quit the North American Free Trade a... [Full Article...]

Country's future dark under Modi govt: Kamal Nath on NDA's 3rd anniversary

Country's future dark under Modi govt: Kamal Nath on NDA's 3rd anniversary Addressing the nation on completion of three years of BJP-led NDA Government in the Centre , Modi said, "People supporting a party to form a Government is part of a democracy". "Mahan Bharat banne ki neev banane ka kaam Modiji ne kiya", he said referring to the tasks accomplished by the BJP Government since 2014. "We never imposed Emergency in the country?" He claimed that only 1.35 lakh jo... [Full Article...]

Glencore Mulls North American Partnership with Bunge

Glencore Mulls North American Partnership with Bunge Bunge (BG) said it is "not engaged in business combination discussions " with Glencore ( GLNCY ) or its agribusiness unit. Reuters said that shares of Bunge rose as a result of media reports on the talks between the companies and fueled conversations about possible changes in the grain trading business ahead. [Full Article...]

Cisco Systems, Inc. (CSCO) Shares Bought by Macquarie Group Ltd.

Cisco Systems, Inc. (CSCO) Shares Bought by Macquarie Group Ltd. Nomura Instinet analyst Jeffrey Kvaal warned that the decline "may be more than temporary". It provides a range of services, including trade execution, broker-dealer services clearing, trade compression, post trade, information, and other back-office services to a range of financial and non-financial institutions. [Full Article...]

FA Cup final: Chelsea player ratings for shock loss to Arsenal

Arsenal's Rob Holding (left) helps up Chelsea's Diego Costa during the Emirates FA Cup Final at Wembley Stadium, London . But Chelsea looked undercooked. There was no change in personnel at half-time from either side. "A lot of teams are waiting to be champions for very long, including Arsenal ". N'Golo Kante had a deflected shot, on target, but it looped straight into Ospina's ... [Full Article...]

US beats Kiwis on opening day of America's Cup qualifiers

Oracle skipper Jimmy Spithill caught the Kiwis rounding the mark onto the sixth of seven legs and pulled away to win by six seconds. Land Rover BAR won the America's Cup World Series and they take two bonus points into the qualifying series in Bermuda . [Full Article...]

All you need to know about the OPEC's oil pricing gimmicks

All you need to know about the OPEC's oil pricing gimmicks NEW YORK, May 26 ( Reuters ) - Oil prices rebounded to rise more than 1 percent on Friday, but Brent crude ended the week almost 3 percent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped. [Full Article...]

Fox News finds itself in unaccustomed spot _ out of first

Fox News finds itself in unaccustomed spot _ out of first CNN and MSNBC have been competing with their coverage of President Donald Trump's recent controversies, including the investigation into alleged collusion between Trump's campaign and Russian officials. In the key 25-54 demo, CNN finished second behind MSNBC with 588,000 viewers, while Fox came in third with 497,000. If that's the case, then a smoother week might produce a return to previous ... [Full Article...]

Budget office set to release report on House GOP health bill

Republicans have repeatedly touted their bill as lowering premiums, but they've said less about how it would affect what consumers have to shell out for care. And, the bill would save less money for the federal government than the previous version. The GOP's American Health Care Act would weaken many of those provisions. [Full Article...]

Oil slides after OPEC fails to do more; sterling drops on polls

Dr. Al-Falih said that his country is with the resolution of cut production for the next 9 months and it will be discussed at the 25th of May and said "we will listen to the opinions of the member countries and we hope to reach a decision to extend the period of the production cut". [Full Article...]

Palestinians, Israel police clash at Jerusalem Old City gate

With cooperation, success is possible, and President Trump's trip might be viewed as a watershed event in Middle East history. Abbas had sought to convince the unpredictable USA president to remain committed to an independent Palestinian state. [Full Article...]

Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat

Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat Sterling slid more than 1 percent following a poll showing the ruling Conservatives' lead shrinking two weeks before an election. The reason prices crashed in 2014 was because supply surpassed demand and inventory began piling up. Saudi Oil Minister Khalid al-Falih said that OPEC expects Turkmenistan and Egypt to join oil output cut deal. "OPEC oversold the meeting to the market way too early", ... [Full Article...]


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