Money

After sharp setback following IT raids, Coffee Day stages modest recovery

After sharp setback following IT raids, Coffee Day stages modest recovery Shares of Coffee Day Enterprises dropped almost 4% after Income Tax Department raided the company's founder V. G. Siddhartha offices at multiple locations, media reports said. The stock rose to a high of Rs 277 in mid-May this year, rallying from a 52-week low of Rs 190.20 it had touched on 27 December 2016. Share of software firm Mindtree also fell more than 2 percent as Siddhartha and Cafe Cof... [Full Article...]

AIA extends role in Australian, NZ life-insurance markets

AIA extends role in Australian, NZ life-insurance markets CBA is the largest retail bank in Australia and CBA's wholly owned unit ASB is the second-largest retail bank in New Zealand. The acquisition, which is subject to regulatory approval on both sides of the Tasman, would catapult AIA into a market leading position across Australasia and will start boosting earnings once it's completed. [Full Article...]

GOP Health Care Proposals Lack Even 'Common-Sense Rationale,' Obama Says

GOP Health Care Proposals Lack Even 'Common-Sense Rationale,' Obama Says He referenced some of his own frustrations. Obama - appearing at an event with Bill and Melinda Gates in NY - said it was "aggravating" to see Republicans move forward with a plan that he said would make Americans worse off. The summit wasn't the only event to have a high-profile speaker. Goalkeepers has brought together a new generation of influencers and leaders from all corners of the w... [Full Article...]

Tim Cook on iPhone X: $999 is a 'value price'

Tim Cook on iPhone X: $999 is a 'value price' On top of that, much of the internal hardware is the same across the iPhone 8 and iPhone X . Do you agree with Tim Cook? "And so when we look at it, the phone - the iPhone in particular - has become so essential in our daily lives, people want it to do more and more and more", Cook said , "and so we built more technologies into it to be able to do that". [Full Article...]

Dow, S&P 500 notch records, dollar rises after new Fed policy

OIL: Benchmark U.S. crude rose 1.1 percent to $50 a barrel on the New York Mercantile Exchange while Brent crude, used to price global oils, advanced by the same rate to $55.77 per barrel in London. And next year, it's forecasting growth of 1.9 percent for the eurozone, 0.1 percentage point more than previously thought, but below its 2.4 percent projection for the U.S. [Full Article...]

Major Averages Close Mixed Following Fed Announcement

Major Averages Close Mixed Following Fed Announcement The key takeaway from the Import-Export Price Index report for August is that it will keep the possibility of a December rate hike on the table. Stocks continue to turn in a lackluster performance in mid-day trading on Wednesday ahead of this afternoon's monetary policy announcement by the Federal Reserve. [Full Article...]

Abe Urges Int'l Community to Unite to Pressure N. Korea

Abe Urges Int'l Community to Unite to Pressure N. Korea Chief Cabinet Secretary Yoshihide Suga has said: "We greatly appreciate President Trump's approach to changing North Korea's policy stance, denuclearising the country and calling on the global community, including China and Russian Federation, for their cooperation toward strengthening pressure on North Korea". [Full Article...]

Will the US Fed Surprise Markets at Its September Meeting?

Will the US Fed Surprise Markets at Its September Meeting? Economists have pointed to December as the likely time for the next rate hike , and new projections from Fed policymakers indicate another rate hike remains likely before the end of the year. The bank also signalled the possibility of another interest rate hike before the end of the year, though it kept rates unchanged for now. Equities in the United States rose on Monday, with fina... [Full Article...]

The Cohen Lawrence B Has $919000 Position in FedEx Co. (FDX)

The stock presently has a consensus rating of "Buy" and a consensus price target of $224.81. The shipping service provider reported $4.25 EPS for the quarter, topping the consensus estimate of $3.88 by $0.37. Capital World Investors now owns 3,614,899 shares of the shipping service provider's stock valued at $785,626,000 after buying an additional 501,617 shares in the last quarter. [Full Article...]

Frontier adds 4 cities to Colorado Springs Airport flights

Frontier adds 4 cities to Colorado Springs Airport flights The airport announced Wednesday a flight from Omaha to Fort Myers on Frontier Airlines. Frontier Airlines has not operated out of Spokane for a few years after pulling out to focus on other routes in early 2015. "We are excited to expand our commitment to the Charleston community with more low-priced flight options", said Tyri Squyres, Frontier's vice president of marketing, in a statement. [Full Article...]

Adobe Systems shares lower premarket after third quarter results top estimates

Adobe Systems shares lower premarket after third quarter results top estimates Adobe delivered another record quarter with stellar year-over-year revenue growth of 26 percent. Lewnes Ann sold $311,035 worth of stock. Of those insider trades, 25,000 shares of Adobe Systems Incorporated were purchased and 124,144 shares were sold. [Full Article...]

U.S. stocks wobble after Fed announcement, but close higher

U.S. stocks wobble after Fed announcement, but close higher The Federal Reserve's Federal Open Market Committee ( FOMC ) wraps up their sixth meeting of the year today with a written statement at 2:00pm followed by a Janet Yellen press conference at 2:30pm. The FOMC's post-meeting statement may also acknowledge the economic impact of Hurricane Harvey, which hit Texas in late August, according to Michael Feroli, chief USA economist at JPMorgan Chase... [Full Article...]

General Mills, Inc. (GIS)

General Mills, Inc. (GIS) Legal & General Group Public accumulated 3.20 million shares or 0.18% of the stock. The analysts estimated EPS for the higher end at 0.74 and lower end at 0.68 while the year ago reported earnings per share was 0. It increased, as 70 investors sold GIS shares while 405 reduced holdings. Among 17 analysts covering General Mills Inc . Receive News & Ratings Via Email - Enter your email addr... [Full Article...]

How Insiders and Institutions are Trading Bed Bath & Beyond Inc. (BBBY)

How Insiders and Institutions are Trading Bed Bath & Beyond Inc. (BBBY) William Harris Investors Inc owns 260,310 shares or 3.04% of their USA portfolio. Princeton Alpha Mngmt Ltd Partnership holds 0.34% or 40,726 shares. Moreover, Brown Brothers Harriman Co has 1.32% invested in Bed Bath & Beyond Inc. Shareholders of record on Friday, September 15th will be given a $0.15 dividend. SELL rating has been given by 0 analyst (s) and 2 analyst (s) given BUY rating to the s... [Full Article...]

Legal & General Group Plc Boosts Holdings in Getty Realty Corporation (GTY)

Legal & General Group Plc Boosts Holdings in Getty Realty Corporation (GTY) NUAN's profit will be $14.45M for 80.65 P/E if the $0.05 EPS becomes a reality. The real estate investment trust reported $0.31 earnings per share (EPS ) for the quarter, missing the Thomson Reuters' consensus estimate of $0.38 by ($0.07). [Full Article...]

US Dollar Falls Ahead Of Fed Decision

US Dollar Falls Ahead Of Fed Decision Forecasters expect the Fed to leave interest rates unchanged and stick to plans to raise rates in December. "It seems the market is holding its breath and waiting for what the Fed has to say regarding the economy and any future interest rate hikes", said Ryan Detrick, senior market strategist for LPL Financial. [Full Article...]

Amazon mistakenly sends baby registry emails to non-parents

Amazon mistakenly sends baby registry emails to non-parents Others who had set up a baby registry were told someone purchased one of the items, only to go check it out and find the link to the purchased item Amazon sent in their email just sent them to a broken web page. But a number of recipients reported on Twitter that they had received the email, despite the fact that they weren't pregnant. Unless, of course, Amazon does know something you don't. [Full Article...]

Phase III data on possible new antibiotic class, developed by Nabriva

Phase III data on possible new antibiotic class, developed by Nabriva Zacks Investment Research downgraded Nabriva Therapeutics AG from a hold rating to a sell rating in a report on Wednesday, July 12th. 09/18/2017 - Nabriva Therapeutics AG had its "outperform" rating reiterated by analysts at Wedbush. [Full Article...]

United Kingdom retail sales surge shows consumers resilience, lifting sterling

United Kingdom retail sales surge shows consumers resilience, lifting sterling Data from the Office for National Statistics showed that United Kingdom retail sales volume including auto fuel advanced 1% in August from July, the biggest growth in four months and exceeded the expected rate of 0.2% and July's increase of 0.6%. [Full Article...]

Toshiba swings again, chooses Bain group to buy chip unit

Toshiba swings again, chooses Bain group to buy chip unit Toshiba plans to conclude a deal on the sale of the unit, Toshiba Memory Corp., within the day and make an announcement later, according to the sources. Toshiba shares jumped 2.86 percent to 324 yen, while SK Hynix shares were up 0.63 percent. After struggling due to a financial crunch caused by its now-bankrupt United States nuclear arm Westinghouse Electric, the Japanese chipmaker put its memo... [Full Article...]


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