Economy

Eurogroup head says set to end term as Dutch finance minister

Speaking to the German newspaper Frankfurter Allgemeine Zeitung , Mr Dijsselbloem said: "During the crisis of the euro, the countries of the North have shown solidarity with the countries affected by the crisis". A spokesman for Dijsselbloem, who has been Dutch finance minister since 2012 and headed the eurogroup since 2013, said the comments were not aimed at any one region. Read More

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The Frontier Communications Corp (FTR) PT Lowered to $1.75

The Frontier Communications Corp (FTR) PT Lowered to $1.75

The highest price target outlook for the stock is $5 and the minimum price target estimate is $2.25. TheStreet lowered shares of Frontier Communications Corp from a c- rating to a d+ rating in a research report on Monday, February 27th. Frontier Communications Corporation ( FTR ) is now showing its ROA (Return on Assets) of -2.1%. The year ago sales the company reported in the same quarter is 1.36 Billion. Read More

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Stock to avoid today: Nike Inc(NYSE: NKE)

Roughly half of Nike's business is outside of North America, and the company has acknowledged the strong USA dollar and will likely continue to pressure margins in future quarters. Higher selling costs and foreign-currency hits offset a higher average selling price, Nike said. Nike presently has a consensus rating of "Buy" and a consensus price target of $61.58. Read More

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Elected Officials Rally to Keep 'Fearless Girl' Statue on Wall Street

Elected Officials Rally to Keep 'Fearless Girl' Statue on Wall Street

A tipster tells us that just after midnight this morning, she saw two men put a Make America Great Again hat on the statue and drape an American flag across it. "My bull is a symbol of prosperity and for strength". "Women, girls, that's great, but that's not what that (my sculpture) is", Di Modica said. He feels the bull has turned his piece of art from a cheerleader of Wall Street to a villain, seemingly about to attack a small girl. Read More

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United Kingdom slaps #ElectronicsBan on flights from five Arab countries

The eight countries whose airports (10 in total) will be impacted by this new rule include Egypt , Jordan , Kuwait , Morocco , Qatar , Saudi Arabia , Turkey and the United Arab Emirates , according to The Washington Post . All passengers, even US citizens, from these direct flights will be subject to the new policy. Six UK and eight foreign airlines will be affected by the new rules. Read More

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PPG Industies Says Revised Takeover Bid Rejected By Akzo Nobel

PPG Industies Says Revised Takeover Bid Rejected By Akzo Nobel

Dulux paint maker AkzoNobel has rebuffed a second takeover tilt from USA rival PPG Industries, claiming the approach "substantially undervalues" the firm. Until now, Akzo and PPG have stayed on the sidelines amid a spate of large deals in the paint and chemicals industries. A comprehensive and objective evaluation of the benefits of Akzo Nobel's standalone strategy versus a transaction with PPG is only possible following engagement with PPG. Read More

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Lennar Corporation (NYSE:LEN) reports 1Q17 Profit Down 11%

Lennar Corporation (NYSE:LEN) reports 1Q17 Profit Down 11%

The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Royal Bank of Canada reiterated their buy rating on shares of Lennar Co. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.04. Lennar had a net margin of 8.33% and a return on equity of 13.80%. Read More

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No more 'brilliant jerks': Uber vows to clean up its corporate culture

No more 'brilliant jerks': Uber vows to clean up its corporate culture

The company wouldn't disclose specific numbers. Uber representatives vowed Tuesday that the company was in the midst of an overhaul, following a pile-up of scandals and shake-ups that have plagued the company for the past several weeks - including allegations of sexism and mismanagement, the departure of the company's president and a flare-up by CEO Travis Kalanick caught on an Uber driver's dash camera. Read More

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Weaker pound boosts profits for Kingfisher

Weaker pound boosts profits for Kingfisher

But Véronique Laury, the chief executive of B&Q owner Kingfisher, has insisted this morning that her DIY makeover of the retail group is on track (and budget). Kingfisher also revealed a £52 million boost as the weak pound flattered its overseas profits. Home improvement retailer B&Q has reported a fall in sales due to planned store closures, but delivered continued to make good progress within its digital division. Read More

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Vident Investment Advisory LLC Lowers Position in NVIDIA Co. (NVDA)

Vident Investment Advisory LLC Lowers Position in NVIDIA Co. (NVDA)

Wetherby Asset Management Inc. now owns 7,483 shares of the computer hardware maker's stock valued at $799,000 after buying an additional 38 shares during the period. Support for this view is based on Nvidia finishing a corrective move of 21%, which coincided with a reset of its weekly base count. Canaccord Genuity maintained the shares of NVDA in report on Friday, November 11 with "Buy" rating. Read More

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Notable Moving Stock: Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Several research analysts recently issued reports on the company. The current ratio for Host Hotels & Resorts, Inc. They issued a "buy" rating and a $22.00 price objective for the company. AQR Capital Management LLC now owns 288,891 shares of the real estate investment trust's stock valued at $5,610,000 after buying an additional 15,140 shares in the last quarter. Read More

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SBI ready to function as a big bank from April 1

SBI ready to function as a big bank from April 1

The Reserve Bank of India (RBI) has stated that branches of the five associate banks which are being merged with the State Bank of India (SBI), will function as branches of the latter from April 1, 2017. SBI, which is the country's largest bank, has an outreach of over 20,000 branches and has the lowest cost of funds in the sector. Of the total workforce of around 2 lakh employees in the SBI, 22 per cent are women. Read More

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Airbnb makes a late play for China

Airbnb makes a late play for China

Tujia also offers property management services because a lot of Chinese hosts aren't sharing their actual homes, but listing investment properties, Zhuang said. "Chinese millennials, they are a huge market - almost half a billion people, 400 million Chinese millennials and they represent 80 percent of our business here in China", he said. Read More

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United Kingdom joins U.S. in banning electronic devices on flights from Muslim countries

After news of the incoming ban spread, Royal Jordanian Airlines told its passengers that they are not allowed to carry electronic devices including laptops and cameras due to a directive from the USA government. Passengers are still allowed to travel with electronic devices in checked luggage, while medical equipment is exempt from the ban. They said terrorists are "aggressively pursuing innovative methods to undertake their attacks". Read More

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CKE Restaurants' CEO Andy Puzder Steps Down

CKE Restaurants' CEO Andy Puzder Steps Down

CKE, which past year moved its headquarters to Cool Springs, will soon be led by Jason Marker, the USA president of Kentucky Fried Chicken since the beginning of 2015. "I am honored to have been selected as CKE's next CEO", Marker said. "As CEO, I will do my best to serve our customers, employees and franchisees, continuing the company's strong history of innovation, quality and value". Read More

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United Kingdom follows USA banning gadgets on Middle East flights

One top US airline official told the I-Team that Homeland Security and Transportation Security officials anticipate releasing details Tuesday, but have communicated to USA carriers that the policy will not impact them. The move will affect in-bound passengers from the six countries listed traveling on Britain's largest carriers as well as those flying worldwide airlines including Turkish Airlines , Pegasus Airways , Atlas-Global, Egyptair , Tunisair, Royal Jordanian , and Saudi. Read More

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Trump's fortune drops $1B since last year, Forbes says

Trump's fortune drops $1B since last year, Forbes says

They include 10 from China as well as Vietnam's first female billionaire, Nguyen Thi Phuong Thao, who took her budget airline, VietJet Air, public in February. Chaudhari, who made his debut in the Forbes billionaire list in 2013, saw his fortune increase by US$ 210 million previous year. Smita Crishna-Godrej from the Godrej clan is ranked 814th followed by Biocon founder Kiran Mazumdar-Shaw (973) and Leena Tewari (1030), chair of USV India which specializes in diabetic and ... Read More

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Electronics Banned From Some US-Bound Flights

Kilani says the airline later deleted the tweet , preferring to wait for written instructions from the United States. In a since-deleted tweet, the airline said it received the directive from "concerned U.S. Just this weekend, a man was shot and killed by French soldiers at a Paris airport after he tried to grab a soldier's gun. They did not provide further details on the threat. Read More

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These are the richest people in the world in 2017

These are the richest people in the world in 2017

He was followed this year by Berkshire Hathaway Chairman Warren Buffett at No. 2. Third on the list is the founder of Amazon .com, Jeff Bezos, whose wealth was up by $27.6 billion to $72.8 billion this year. The Limerick-born pair are behind the global online payments firm Stripe and landed in joint 1,795th place out of 2,043 billionaires with an estimated fortune of $1.1bn (€1.02bn) each. Read More

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United Kingdom inflation skyrockets to 2.3%: how to cut your household spending

United Kingdom inflation skyrockets to 2.3%: how to cut your household spending

The consumer prices index including owner occupiers' housing costs, moved up 2.3% annually, the highest since September 2013, following a 1.9% rise in January. The price of having a more honest inflation index is likely to be in having a higher headline rate of inflation in coming months. Output prices rose 3.7 percent in annual terms, the strongest increase since the end of 2011. Read More

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Hot Stock Overview: Urban Outfitters Inc. (URBN)

Hot Stock Overview: Urban Outfitters Inc. (URBN)

There may be various price targets for a stock. (URBN) to Neutral with a price target of $35. MKM Partners reiterated a "sell" rating and issued a $20.00 price target on shares of Urban Outfitters in a report on Friday, March 10th. Its last month's stock price volatility remained 3.19% which for the week stands at 3.69%. Urban Outfitters, Inc.is a lifestyle specialty retail company. Read More

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