Economy

Wesfarmers profit up as new MD revealed

In November, the company said it planned to sell its east coast coal operations after having previously flagged that it was evaluating all strategic options for its resources business. Normalised earnings after interest and tax - which stripped out the benefit of property sales - fell nearly 7 per cent, as comparable food sales growth slowed to 1 per cent, its lowest level since 2010. Read More

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US Retail Sales Rise 0.4% In January, More Than Expected

US Retail Sales Rise 0.4% In January, More Than Expected

SINGAPORE'S retail sales rose 0.4 per cent in December 2016 compared to the same month in 2015, mainly due to higher sales of medical goods & toiletries. Yet while auto purchases bolstered retail sales in December, core readings that exclude volatile items have been sluggish recently. Retail sales of computer & telecommunications equipment and department stores also fell 6.8 per cent and 2.2 per cent respectively over the same period. Read More

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The Tyson Foods' (TSN) Buy Rating Reaffirmed at Jefferies Group LLC

The Tyson Foods' (TSN) Buy Rating Reaffirmed at Jefferies Group LLC

There may be various price targets for a stock. (NYSE:ZEN)-0 analysts issued Strong buy for the stock, 0 analysts have given a Buy rating, 0 think it's a HOLD, 0 reported it as Underperform, while 0 analyst issued a Sell rating. The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. 12/01/2016 - KeyBanc began new coverage on Tyson Foods, Inc. Read More

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Chesapeake Energy Corporation (CHK): How technical signals have emerged?

Chesapeake Energy Corporation (CHK): How technical signals have emerged?

A number of other institutional investors also recently added to or reduced their stakes in CHK. Chesapeake Energy Corporation's growth estimate for the current quarter is 143.8, and 290 percent for the next quarter. Similarly, the company has Return on Assets of -28.6 percent, Return on Equity of -57.9 percent and Return on Investment of -42.4 Percent. A number of equities analysts have issued reports on CHK shares. Read More

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Sensex tanks 184 points on dismal corporate earnings

They said a firm trend at other Asian markets following another record close at USA markets on Friday and capital inflows by foreign funds in the domestic bourses supported the rally. "European indices like FTSE 100, CAC 40 and DAX traded higher". Broader markets are also erasing gains after budget rally. Among laggards that dragged down the key indices were Tata Motors 8.41 per cent, Sun Pharma 2.86 per cent, HeroMoto 1.07 per cent and Dr Reddy's 0.83 per cent. Read More

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Humana to withdraw from ACA exchanges in 2018

Humana to withdraw from ACA exchanges in 2018

The Louisville-based insurer said that after analyzing its membership following the open enrollment period that ended in January, it sees no sign that the individual market's risk pool is balancing out. Democrats and some health-care industry leaders contend that the replacement should be ready to implement when the ACA is repealed, and that no such plan is yet visible. Read More

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COMP opposes Gina Lopez's CA confirmation as DENR chief

COMP opposes Gina Lopez's CA confirmation as DENR chief

Using the sustainable integrated area development (SIAD) approach, Lopez said the DENR would assume the developmental role of providing sustainable livelihood while teaching environmental conservation to affected communities. "We're canceling this as a gift of love to the people of Cotabato", Lopez, who had expressed her opposition to open pit mining, said. "In the pursuit of her agenda to discredit and marginalize the mining industry, Lopez has short-cut legal and administrative processes, ... Read More

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USA stocks slip as rally ends, investors await Fed comments

USA stocks slip as rally ends, investors await Fed comments

Not only did Yellen hint at a rate hike, he said , but the Fed leader also gave a clear indication that she did not want to be behind the curve by moving too slowly. Since the end of the 2007-09 recession, the Fed has raised rates once in December 2015 and again in December of a year ago. After a day of delay and confusion, Toshiba said it would take a $US6.3 billion ($A8.2 billion) hit to its USA nuclear unit, a writedown that wipes out its shareholder equity and leaves the loss-making ... Read More

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Brazilian football fan killed at Rio derby

Before the fixture, which Flamengo won 2-1, violence erupted in the streets around the Engenhao stadium, which was used for athletics during the 2016 Olympics. Relatives of police officers have also camped outside stations in protest at conditions and late payment of salaries. Authorities there opened disciplinary proceedings Tuesday against dozens of officers. Read More

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Trump and Trudeau meet at White House

Trump and Trudeau meet at White House

Trump, despite repeatedly threatening to scrap the free trade agreement, assured press on Monday he was focused on forging a stronger trade relationship with Canada. "We continue to pursue our policies of openess towards refugees without compromising security", said Trudeau. Asylum seekers have been crossing the United States' northern border into Canada following Trump's late January executive order suspending the U.S. Read More

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Toshiba Chairman to Resign as Earnings Report Delayed

Toshiba is attempting to recover after it emerged in 2015 that profits had been overstated for seven years, prompting its boss to step down. Up until now Toshiba has said it was looking to sell no more than 19.9 percent of its chip business for about $3.6 billion although this has produced a tepid response from potential buyers (see Few firms show interest in Toshiba's chip business ). Read More

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Massive fire hits club at Yonge and St. Clair

Clair E., said he had a clear view of the fire from his office window. Capt. David Eckerman of Toronto Fire Services said 40 trucks responded to the club just before 9:30 a.m. The cause of the fire is not yet known, but it's believed to have started in a mechanical room. Traffic is not flowing through the area and the TTC has closed St. Read More

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Jaguar launches in-car payments at Shell gas stations

Jaguar launches in-car payments at Shell gas stations

Available initially in the United Kingdom only, with a global launch expected to follow later, the Shell app enables drivers to pay using PayPal or Apple Pay, with Android Pay coming later this year. "With this new system you can choose any pump on the forecourt and pay for the fuel even if you're forgotten your wallet ore can't find your credit or debit card". Read More

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Crude oil to trade in 3516-3614 range: Achiievers Equities

Crude oil to trade in 3516-3614 range: Achiievers Equities

Earlier this week, an IEA report said OPEC acheived "record compliance" of 90 percent with an output cut deal struck late past year. "Stable economic activity in China coupled with a steady stock market were additional elements that caused sales of trucks, buses and passenger cars to increase by close to 14 percent on-year in 2016, with the total number of units sold during the year close to 28 million". Read More

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Sensex closes 184 points down; Tata Motors plunges 10%

The 50-share Nifty too settled 12.75 points or 0.14 per cent lower at 8,792.30 after moving between 8,820.45 and 8,772.50. The 30-scrip Sensitive Index (Sensex) was trading 181.38 points or 0.64 per cent lower during the afternoon trade. Meanwhile, Foreign portfolio investors bought shares worth net Rs 504.51 crore last Friday, as per provisional data. The US Dow Jones Industrial Average closed at fresh record high by climbing 0.7 percent in yesterday's trade. Read More

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NVIDIA Corporation's (NVDA) loss of -4.61%

NVIDIA Corporation's (NVDA) loss of -4.61%

The volume of 29.44 Million shares climbed up over an trading activity of 18.58 Million shares. The SEC filing shows that HUANG JEN HSUN performed a sale of 41,666 shares. Perhaps, that suggests something about why 0.79% of the outstanding share supply is held by institutional investors. Jennison Associates LLC raised its stake in shares of NVIDIA Corporation by 36.6% in the third quarter. Read More

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Carli Lloyd, a Liverpool Fan, Will Play for Manchester City

The deal with City is expected to be announced on Wednesday. The deal was earlier reported by the Sports Illustrated , while The Times first reported contract talks last week. Lloyd has been able to find success in the big global tournaments because of her renowned focus and playmaking ability, but also because of her conditioning - when other players are worn out after the grind of several matches in a short period of time, Lloyd is still fresh. Read More

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SoftBank to buy Fortress for $A4.3b

The purchase of Fortress is part of the global expansion strategy of SoftBank , which, last December, announced plans to invest about $US50 billion in the US. This move comes in the wake of SoftBank's founder, Masayashi Son , announcing in October 2016, that the bank is joining hands with Saudi Arabia to raise United States $100 billion technology fund . Read More

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Government's special Valentine's Day gift to people; stent prices slashed

Government's special Valentine's Day gift to people; stent prices slashed

Government appointed core committee which examined the issues relating to the essentiality of coronary stents in its report in April 2016 observed that there is very high incidence of coronary artery disease (CAD) in India associated with high morbidity and mortality; and that CAD has become a major public health problem; and that Percutaneous Coronary Intervention (PCI) procedure requiring coronary stent implantation is an important treatment modality for the management of CAD, and hence ... Read More

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Today's Brokerage Rating: The Hain Celestial Group, Inc. (HAIN), Zynga Inc. (ZNGA)

The Hain Celestial Group, Inc.'s (HAIN) witnessed a loss of -8.90% in recent trading period with closing price of $35.10. Relative strength index (RSI-14) for Hain Celestial Group Inc (NASDAQ:HAIN) is at 21.41. Using these technologies, the company have built a pipeline of therapeutic product candidates that utilize several different mechanisms of action. NCM Capital Advisers Inc. Read More

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American Airlines Group Inc. (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL)

Several other hedge funds and other institutional investors have also modified their holdings of AAL. This rating was issued on 2/06/17. Wolfe Research Maintains American Airlines Group Inc . This story was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was stolen and republished in violation of U.S. Read More

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French carmaker PSA discusses deal to buy GM's Opel

GM has issued a statement that virtually matches that of PSA. GM cut its losses in Europe by two-thirds a year ago, but CFO Chuck Stevens said February 7 that the next chance to break even would be 2018. Lunchtime trading in PSA's shares rose by 5.3%. GM's European operations have proved problematic for the United States vehicle maker. Such a deal would see GM exit United Kingdom and Europe, while transforming PSA Group into Europe's second-largest carmaker with a 16% share of the ... Read More

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JP Morgan Chase & Co Reiterates "Neutral" Rating for Gemfields PLC (GEM)

Liberum Capital reissued a "sell" rating and issued a GBX 575 ($7.19) target price on shares of Anglo American plc in a research note on Wednesday, January 25th. 14/02/2017 - Reckitt Benckiser Group had its "Buy" rating reiterated by analysts at Berenberg Bank. If you are accessing this story on another publication, it was stolen and reposted in violation of USA and worldwide copyright & trademark law. Read More

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Highly Traded Stock: Sears Holdings Corporation (NASDAQ:SHLD)

Highly Traded Stock: Sears Holdings Corporation (NASDAQ:SHLD)

Still, those results don't seem that upbeat: Although the company posted a lower loss in terms of EBITDA, its comps declined 10.3 percent, with sales falling 8 percent at Kmart and 12.3 percent at Sears Domestic. The median estimate represents a +19.33% increase from the last price of 4.19. Sears Holdings Corporation is now showing -10.3% EPS growth this year. Read More

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First Data Corporation (FDC) Issues Earnings Results

First Data Corporation (FDC) Issues Earnings Results

The company has a market capitalization of $14.43 Billion. The returns on assets of firm also presenting perceptible condition of profitability, it has ROA of -2.90%, the very positive ratio starts from +15% and very negative hits to -15%. Public Employees Retirement Association of Colorado increased its position in First Data Corporation by 0.4% in the third quarter. The Company is a merchant acquirer, issuer processor and independent network services provider, which enables businesses to ... Read More

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Fossil Group Inc Shares Plummet 14% After Disastrous Forecast

Fossil Group, Inc . will next provide financial results for the March 2017 quarter. The share price is trading in a range of $22.46 - 2.61. (NASDAQ:FOSL) traded down 0.48% on Tuesday, reaching $22.87. KeyCorp upgraded shares of Fossil Group from a sector weight rating to an overweight rating and set a $42.00 price objective for the company in a research note on Wednesday, November 16th. Read More

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