Money

Sensex, Nifty up on global cues, Q1 results

Sensex, Nifty up on global cues, Q1 results Sectoral indices on NSE are trading with mixed sentiments wherein Metal and Pharma indices are top losing indices and Nifty IT is the only index which is trading in the positive territory. Shares of telecom companies struggled after Reliance Industries today announced the launch of the much-awaited 4G feature phone at the company's 40th annual general meeting. [Full Article...]

'Scrubs' Creator Bill Lawrence Among 10 Aboard Downed Plane in East River

'Scrubs' Creator Bill Lawrence Among 10 Aboard Downed Plane in East River He didn't hear yells for help or see anyone come out of the plane. Going to go drink tequila continuously. Carter Craft was on a boat after finishing up an environmental project when the seaplane made the hard landing and one of its pontoons broke. [Full Article...]

Vodafone Romania service revenue rises 2.9% in Q1 FY 2017/18

Vodafone Romania service revenue rises 2.9% in Q1 FY 2017/18 By comparison, Vodafone had 16.8 million broadband customers in Europe at the end of June, and 50.1 million 4G mobile customers. Vodafone noted in today's update that the group's performance in the country was stabilising quarter-on-quarter although competition remained "intense". [Full Article...]

FTC investigating allegations of Amazon's deceptive discounting

FTC investigating allegations of Amazon's deceptive discounting Marcia FudgeMarcia FudgeLawmakers push regulators on how Amazon's Whole Foods deal could affect "food deserts" Dems announce "unity commission" members If Democrats want to take back the White House start now MORE (D-Ohio), the lawmakers said that DOJ and FTC should look at the acquisition "beyond the normal antitrust process that only examines competitive impact". [Full Article...]

US Lifts Laptop Ban on All Airlines

US Lifts Laptop Ban on All Airlines The deadline for some of those changes to take affect was Wednesday. The US imposed restrictions in March on passengers carrying laptops and other large electronic gear in cabins on flights from 10 airports in eight countries in the Middle East and North Africa in response to unspecified security threats. [Full Article...]

Pres. Trump Announces New Initiative to Help Manufacturing, Job Growth

Pres. Trump Announces New Initiative to Help Manufacturing, Job Growth But during the administration's first six months, it did far better than the "one in, two out" order's goal, eliminating 16 old rules for every new one introduced, White House officials said. The product will be used to craft vials and cartridges for medicine. Kenneth Frazier , Merck's chairman and chief executive officer, said in a statement , "Merck is proud to have participated from its i... [Full Article...]

Bank of America chooses Dublin as its European Union hub post-Brexit

Bank of America chooses Dublin as its European Union hub post-Brexit It is the first United States bank to confirm the Irish capital as its preferred site. The paper said Morgan Stanley also has settled on Frankfurt for its European trading headquarters, according to those briefed on the decision, with Citigroup weighing a similar move. [Full Article...]

Lyft's Palo Alto Division for Self-Driving Car Development Opens in August

Lyft's Palo Alto Division for Self-Driving Car Development Opens in August Now Lyft is shifting gears at a vulnerable time for Uber . The move marks a striking strategy change for Lyft, which said previously it would leave the building of self-driving systems to others while allowing partners to test their autonomous cars in Lyft's ride-hailing network . [Full Article...]

GE profit slumps; shares in 'limbo' as investors await new CEO's targets

GE profit slumps; shares in 'limbo' as investors await new CEO's targets The company reported cash flow from operations of $3.6 billion, a 67% decline from a year earlier. The company reported a 53 percent drop in profit to $1.37 billion, or 13 cents per share. We expect cash flow to continue to improve throughout the year. Immelt said the company would be able to navigate through a market where crude oil prices are suppressing spending in some exploration and prod... [Full Article...]

Remarkable Stock of Recent Trading -: Marathon Petroleum Corporation (MPC)

Marathon Oil Corporation's dividend payout ratio is presently -2.53%. Whiting Petroleum Corporation (NYSE:WLL)'s latest quote $5.38 $0.57 4.87% will find technical support in $5.12 a share and a breakdown below this region would be a significantly bearish signal for Whiting Petroleum Corporation traders. [Full Article...]

Magic Johnson says summer league showed Lakers are 'already better'

Magic Johnson says summer league showed Lakers are 'already better' The Lakers' team bus from summer league play returned to El Segundo moments before Caldwell-Pope's introductory news conference, and the summer stars stayed in the gym to welcome their new teammate. For those who hadn't been following, Los Angeles Lakers rookie Lonzo Ball hasn't been wearing his Big Baller Brand shoes lately. I am talking about giving you a pass that leads to the score, not ... [Full Article...]

SP MP Agarwal links Hindu gods to alcohol, says sorry after outrage

SP MP Agarwal links Hindu gods to alcohol, says sorry after outrage Several BJP MPs protested against the remark and said that they will not let anyone insult the gods. Soon after his comment, ruling members were up in arms saying Agrawal had hurt religious sentiments of the majority of people and that this, too, was "lynching". [Full Article...]

Trump falsely claims Japanese first lady doesn't speak English

Trump falsely claims Japanese first lady doesn't speak English However there seems to be some discrepancy about Mr Trump's version of events - as Mrs Abe apparently speaks very good English. Akie Abe was not seated next to her husband, Prime Minister Shinzō Abe, since husbands and wives were seated apart. [Full Article...]

Philip Morris International, Inc. (PM) — Hot Trending Stock

Philip Morris International, Inc. (PM) — Hot Trending Stock Hallmark Capital Management Inc acquired 3,330 shares as Philip Morris Intl Inc (PM)'s stock rose 10.69%. Comparatively, PM posted earnings of $1.42 per share in the same quarter, a year earlier. Investors sentiment increased to 1.48 in Q4 2016. Its down 0.15, from 0.97 in 2016Q3. 166 funds opened positions while 553 raised stakes. Schroder Investment Grp accumulated 76,276 shares. [Full Article...]

USA claims for jobless benefits drop in mid-July

USA claims for jobless benefits drop in mid-July The unemployment rate of 4.3 percent was up from 4.2 percent in May. The unemployment rate in MA in June again inched upward, hitting 4.3 percent in a month where officials said employers added 10,000 new jobs. The four-week average of claims filed during June and July fell 1,250, suggesting strong job gains. There has been some evidence of an increase in continuing claims which may signal some ... [Full Article...]

FelCor Lodging Trust Incorporat (NYSE:FCH) Experiences Heavier than Usual Trading Volume

Chesapeake Lodging Trust (NYSE: CHSP ) has risen 2.62% since July 19, 2016 and is uptrending. It has underperformed by 10.55% the S&P500. EZCORP, Inc. Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $389,821 activity. Chesapeake Lodging Trust's dividend payout ratio is 146.79%. [Full Article...]

EBay Off 3%: Q2 Revenue, EPS In-Line, Q3 EPS View Light

EBay Off 3%: Q2 Revenue, EPS In-Line, Q3 EPS View Light The company has also invested in product development, tweaking its websites to set a new home page, promote seller listings and remove stagnant ones. UBS Asset Management Americas Inc. Several other hedge funds have also added to or reduced their stakes in the stock. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, sixteen have issued a buy ratin... [Full Article...]

American Express Shares Rise After Company Beats Expectations

American Express Shares Rise After Company Beats Expectations Furthermore, though discount revenue as a percentage of billed business was stable during the quarter, American Express is passing on some economic benefits to merchants and acquirers through its OptBlue program. Following the completion of the transaction, the insider now owns 55,486 shares in the company, valued at approximately $4,396,710.64. About 96 shares traded. [Full Article...]

Clothing sales rejuvenate United Kingdom retail sector in June

Clothing sales rejuvenate United Kingdom retail sector in June Retail sales rebounded in June as the sunny weather put consumers in the mood to update their summer wardrobes. Clothing and footwear sales drove the increase in spending, with sales 11.6 per cent up compared with 2016. The vote for Brexit has created a more uncertain climate for business and a squeeze on consumers from higher inflation. After all, the retail sales figures are very volatile on a... [Full Article...]

ADB upgrades Malaysia growth outlook to 4.7% in 2017

ADB upgrades Malaysia growth outlook to 4.7% in 2017 In a mid-year supplement to its Asian Development Outlook report, which is updated twice a year, the ADB increased developing Asian countries' predicted growth rate for this year from 5.7 to 5.9 percent, while next year's growth rate was bumped up from 5.7 to 5.8 percent. [Full Article...]


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