Money

Uber in showdown with TfL over future of its licence

Uber in showdown with TfL over future of its licence One of the reasons London's regulators gave for not renewing Uber's licence is its allegedly lax handing of reports of sexual assault of passengers by drivers. "Following an approach from Uber, and at the mayor's request, London's transport commissioner will meet with Uber's global CEO in London next Tuesday", a Transport for London (TfL) spokesman said in a statement. [Full Article...]

South Korea bans initial coin offerings

South Korea bans initial coin offerings At the time of writing Ethereum has fallen -4.3 percent, now trading below $300, with Bitcoin managing to stabilize above $4000 on the news . The decision tracks similar announcements in the USA and China where increasing trading volumes of cryptocurrencies are sparking concerns. [Full Article...]

A rally in financial stocks is sending the market higher early Wednesday

A rally in financial stocks is sending the market higher early Wednesday The major USA stock indices are ending the day with gains (of varying amounts). The S&P 500 has risen 3.6% from June 30 through Thursday's close, putting it on track for its eighth consecutive quarterly gain. In early trade the Dow Jones fell 40.54 points to 22,340.66, while the wider S&P 500 rose 0.82 points to 2,510.88. (GOOGL), the parent company of Google, rose 0.9%. [Full Article...]

BlackBerry shares soar as software sales hit record

BlackBerry shares soar as software sales hit record Analysts await BlackBerry Limited (NASDAQ: BBRY ) to report earnings on Sep, 28 for the fiscal quarter ending Aug 2017. In the last earnings report the EPS was $0.24 and is estimated to be $0.04 for the current year with 531,000,000 shares now outstanding. [Full Article...]

Whole Foods point of sale terminals hacked, credit card data stolen

Whole Foods point of sale terminals hacked, credit card data stolen Affected restaurants aren't those in a store's upstairs food court - think like The Roof at Brooklyn's Gowanus location, or the Kogi that Roy Choi opened previous year in an L.A. In its only statement so far, Whole Foods said it was alerted to a potential breach after it "received information regarding unauthorized access of payment card information". [Full Article...]

Prosecutors In Munich (Germany) Arrest 2nd Audi Emissions Scandal Suspect

Prosecutors In Munich (Germany) Arrest 2nd Audi Emissions Scandal Suspect Volkswagen stocks fell by as much as 4 percent on Friday as traders reacted to the news. The charge will take a bite out of the financial results scheduled for release on October 27, the Wolfsburg-based company said, explaining that the make-good plan in response to the scandal is "proving to be far more technically complex and time-consuming" than anticipated. [Full Article...]

CAA issues deadline to Ryanair on cancellation policy

CAA issues deadline to Ryanair on cancellation policy This week, the CAA's chief executive Andrew Haines said he was "furious" the airline had not been complying with the law by failing to offer to re-route passengers on rival airlines. "Where we find that an airline is systematically flouting these rules, we will not hesitate to take action to minimise the harm and detriment caused to passengers, as we have done with Ryanair in recent days". [Full Article...]

Royal Dutch Shell Plc (RDS.A): What Are the Signals Showing?

Royal Dutch Shell Plc (RDS.A): What Are the Signals Showing? Many investors will be tempted to ride the wave whether the trend is buying or selling. Some investors will go to greater lengths, such as making sure that they have a good reason behind every buy or sell decision. So we must wait until the RSI crosses back under 70 or crosses back above 30. The Middleby Corporation dipped to as low as $123.9 throughout the day and has returned -1.1% in this year. [Full Article...]

Bank of The West Has $4.29 Million Position in Wells Fargo & Company

Bank of The West Has $4.29 Million Position in Wells Fargo & Company More notable recent Wells Fargo & Co (NYSE: WFC ) news were published by: Seekingalpha.com which released: "Wells Fargo: More Public Backlash" on September 27, 2017, also Seekingalpha.com with their article: "Wells Fargo: The Declines Are Over" published on September 24, 2017, Reuters .com published: "Wells Fargo hires new law firm to prepare CEO for Senate appearance" on September 23, 2017. [Full Article...]

Former SDSU Basketball Coach Arrested in FBI Corruption Investigation

Former SDSU Basketball Coach Arrested in FBI Corruption Investigation On Tuesday, the Federal Bureau of Investigation filed criminal charges against 10 individuals involved in a pay-for-play scheme for college athletes, arresting four assistant coaches at Division I basketball programs. College basketball is about to be shaken to its core with fault lines that run so deep, the game might never be the same. Although the four assistant coaches named in this scand... [Full Article...]

Ravens national anthem singer resigns amid player protests

Ravens national anthem singer resigns amid player protests He is a relatively young man, and I think he could coach for another decade easily if he wanted. Asked if playing the Ravens will keep his team focused, Tomlin replied, "I think the opponent is irrelevant". They are also 4-1 straight up in the past five meetings with the Steelers , covering the last three. It is a privilege that they enjoy only in this country, which they have blatantly dis... [Full Article...]

A Few Clear Signs for Whiting Petroleum Corp. (WLL)

Whiting Petroleum Corp (NYSE: WLL ) has declined 20.87% since September 27, 2016 and is downtrending. It has underperformed by 37.57% the S&P500. On average, equities research analysts expect that Whiting Petroleum Corporation will post ($0.70) EPS for the current year. [Full Article...]

Equifax hack fallout leads to ouster of company's CEO as lawsuits mount

Equifax hack fallout leads to ouster of company's CEO as lawsuits mount The recent Equifax data breach has potentially compromised personal information for 143 million people. That's half of everyone in America. The hacked information included names, social security numbers , birth dates, addresses, and driver's license. [Full Article...]

Cruise Lines Aid Hurricane-Stricken Caribbean Islands

Cruise Lines Aid Hurricane-Stricken Caribbean Islands The 3,800-passenger ship is also traveling to US Virgin Islands St. Croix and St. Thomas, both of which were hit by Maria and Irma. J. Lo has pledged $1 million for Puerto Rico relief and fellow celebrities like Bruno Mars, Alex Rodriguez, Pitbull, Ed Sheeran, Edward Norton, Jimmy Smits, John Leguizamo, Lin-Manuel Miranda, Luis Fonsi, Paul Simon, Ricky Martin and Vin Diesel are also contributing. [Full Article...]

GDP Growth for Second Quarter in US Revised Up

GDP Growth for Second Quarter in US Revised Up Development last quarter was the quickest since the main quarter of 2015 and took after a 1.2 percent pace of development in the January-March period. Economists at Moody's Analytics have estimated that hurricanes Harvey and Irma will end up costing in total around $167 billion when taking into account property damage and lost economic output. [Full Article...]

Trump adviser 'can't guarantee' taxes won't go up for middle class

Trump adviser 'can't guarantee' taxes won't go up for middle class The tax reform plan has faced criticism on several fronts, from the likelihood that higher earners will reap more benefits to whether overseas profits brought back to the U.S.at a reduced tax rate will do anything to boost economic growth. [Full Article...]

Tracking Shares of Invesco Quality Municipal Income Trust (IQI) - Technicals in Focus

Tracking Shares of Invesco Quality Municipal Income Trust (IQI) - Technicals in Focus Just yesterday Healthcare Realty Trust Inc (NYSE:HR) traded -0.55% lower at $35.47. (NYSE:ALX) for 8 shares. The Sirios Capital Management LP holds 524,512 shares with $113.99M value, down from 665,391 last quarter. The rating was upgraded by Wells Fargo on Tuesday, December 13 to "Outperform". Stifel Nicolaus maintained Physicians Realty Trust (NYSE:DOC) on Wednesday, July 12 with "Buy" rating . [Full Article...]

Can analysts adopt a bullish outlook for ITV plc (LON:ITV)?

Can analysts adopt a bullish outlook for ITV plc (LON:ITV)? The Return on Invested Capital is a ratio that determines whether a company is profitable or not. In other words, the ratio reveals how effective the firm is at turning shareholder investment into company profits. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The VC is displayed as a number between 1 and 100. [Full Article...]

How to Get the Most Out of National Coffee Day

How to Get the Most Out of National Coffee Day Rewards members can also get a free drink on their birthday. Mark your calendars! Most deals are only on Friday, but Krispy Kreme is extending the deal, declaring it "National Coffee Weekend" (Sept. Participating cities are Seattle, Portland, San Francisco, Los Angeles, Chicago, Austin, Dallas and Philadelphia. IL in Belleville offers a $1 off any piece of coffee cake, normally $3.50, with t... [Full Article...]

Rite Aid names former Walgreens executive as new president

Rite Aid names former Walgreens executive as new president Separately Rite Aid named Kermit Crawford as president and chief operating officer effective October 5. During the same period in the prior year, the firm earned $0.02 earnings per share. Annual Sales Growth in the past 5 years was 4.7 percent. Zacks Investment Research raised shares of Rite Aid Corporation from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 29th. [Full Article...]


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