Money

EasyJet half-year loss widens on weaker pound

Bookings are running ahead of past year with 77 percent of seats sold for the current three months, while competitors are reining in capacity, easing a supply glut. easyJet remains on track to confirm possession of a European Air Operator Certificate (AOC) by the summer and so secure its future operations within the European Union. Read More

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Greece: Latest cuts extend austerity to decade mark

While the austerity measures has seen Greece's public finances improve, the draconian spending cuts have seen poverty rates surge to more than 35 percent, high in relation to the European Union average under 24 percent. Wednesday's general strike is expected to affect services across the country, from schools and hospitals to public transport. The protests come in support of a general strike called by the General Confederation of Employees of Greece (GSEE) and the Executive Civil Servants' ... Read More

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Technical Analysis That Matters: The Home Depot, Inc. (HD), HCP, Inc. (HCP)

Hedge funds and other institutional investors own 71.53% of the company's stock. CT Financial Advisors LLC raised its position in Home Depot by 0.4% in the first quarter. Home Depot also was the target of some unusual options trading activity on Friday. Traders acquired 12,204 put options on the stock. This is an increase of 117% compared to the typical volume of 5,621 put options. Read More

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Macron team to announce candidates for June parliamentary election

Macron team to announce candidates for June parliamentary election

The list of candidates, many of them young and half of them women, represented Macron's first stab at creating a parliamentary power base with his Republic on the Move party to help him push forward with reforms once in office. Mr Macron's campaign members Christophe Castaner and Benjamin Griveaux said Mr Valls is welcome but would have to go through the regular application process. Read More

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Ransomware attack should be wake-up call for govts

Security firm Kaspersky Lab said its researchers had observed over 45,000 attacks in 74 countries. He added that the rate of infection has slowed over the weekend. "The recent attack is at an unprecedented level and will require a complex worldwide investigation to identify the culprits", Europol's European Cybercrime Center says . Read More

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Research Report on: Skechers U.S.A., Inc. (SKX)

Pacer Advisors Inc. now owns 12,497 shares of the textile maker's stock valued at $286,000 after buying an additional 864 shares during the last quarter. Finally, Susquehanna Bancshares Inc restated a "positive" rating and set a $30.00 price target on shares of Skechers USA in a research report on Thursday, February 16th. Read More

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Oil surges 2.5 percent, soothes cyber nerves

Oil surges 2.5 percent, soothes cyber nerves

The company said that its free cash flow would increase to €5bn from €4.1bn past year and above market expectation of €4.66bn. USA crude rose 1.96 percent to $48.78 per barrel and Brent was last at $51.76, up 1.81 percent on the day. Emerging market stocks rose 0.78 percent. Heavily-weighted mining stocks were the standout gainers as metals prices were given a boost after Chinese President Xi Jinping said over the weekend that the "One Belt, One Road" infrastructure initiative will get ... Read More

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Pregnant N.Y. subway rider need a seat? Read the button

Pregnant N.Y. subway rider need a seat? Read the button

Pregnant woman now have a new tool to help them get a seat on the subway. Interim MTA Director Ronnie Hakim says the blueprint to improve services includes reorganizing the agency's leadership structure. The button makes it clear that a rider is, in fact, pregnant and would like to sit down - assuming, of course, that the rider is being honest. New York's transit agency is doing it's part to bring back chivalry on subways. Read More

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Oil Gets a Boost From Shrinking US Crude Glut

Meanwhile, gasoline inventories dropped by only 0.150 million against expectations for a draw of 0.538 million barrels while distillate stockpiles fell by 1.6 million barrels, compared to expectations of a 1 million decline. (WTI) oil prices were forecast at 52.24 per barrel in 2017 and 55.1 per barrel in 2018, according to EIA's previous report. Presently, the trading of oil is close to $50, and OPEC seems to lose its capability to control prices. Read More

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Trump shared secret info about ISIS with Russians

Trump shared secret info about ISIS with Russians

A group of top national security lawyers at Lawfare make a similar point : that McMaster's "carefully worded" statement and another from Secretary of State Rex Tillerson "leave open the possibility that classified information was disclosed other than sources and methods or that classified information was disclosed which might be used as a basis to infer sources and methods not directly disclosed". Read More

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Oil rises 2 percent after Saudi and Russian Federation back longer supply cut

Oil rises 2 percent after Saudi and Russian Federation back longer supply cut

The world's two biggest oil exporters agreed Monday to extend production cuts for several months, sending the price of crude up 3.8 percent Monday to nearly $50 a barrel. Goldman said that beyond the ongoing rise in USA oil production, which is up over 10% since mid-2016 to 9.3 million bpd, output will increase by OPEC members who were exempt from the cuts, or where supply disruptions had ended, including Libya and Nigeria. Read More

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(NYSE:JCP) Company Valuation & Investor Review

(NYSE:JCP) Company Valuation & Investor Review

C. Penney Company, Inc. might touch $15 high while the Average Price Target and Low price Target is $8.34 and $5 respectively. They now have a Dollars 5 price target on the stock. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. Read More

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Brokerages Expect Cisco Systems, Inc

Brokerages Expect Cisco Systems, Inc

A number of other equities analysts also recently commented on the company. Morgan Stanley upgraded Cisco Systems from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $33.45 to $39.00 in a report on Monday. Read More

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Builder Confidence Strengthens in May

Builder Confidence Strengthens in May

Separately, the San Francisco Fed released an analysis of a home purchase sentiment index its researchers helped develop for Fannie Mae. Tuesday morning, the Commerce Department is scheduled to release a separate report on new residential construction in the month of April. Read More

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Berkshire Hathaway to list its stock holdings at end of 1Q

Berkshire Hathaway to list its stock holdings at end of 1Q

Warren Buffett's Berkshire Hathaway Inc. spent the first quarter fine-tuning its investments in airlines and technology companies, and retreating from 21st Century Fox Inc. Berkshire sold off almost 9 million shares in Twenty-First Century Fox, the parent company of the 20th Century Fox movie studio and Fox News Channel, which has been hit by allegations of discrimination and harassment. Read More

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Officials deny Trump revealed classified info

After I spoke with Miller earlier this evening, the White House national security adviser, H.R. McMaster, spoke to reporters about this story on the White House driveway. "The partner had not given the United States permission to share the material with Russian Federation, and officials said Trump's decision to do so endangers cooperation from an ally that has access to the inner workings of the Islamic State". Read More

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Petr Cech discusses Arsenal's top-four chances after win over Southampton

The veteran French manager has never finished outside the Premier League's top four in a full season in charge, having joined Arsenal in September 1996. Sanchez has now scored 20 league goals in a single season for the first time in his career. Olivier Giroud doubled Arsenal advantage in the 83rd minute following a Sanchez cross and an Aaron Ramsey header before Giroud executed the clinical finish, also with his head. Read More

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Singapore sovereign wealth fund GIC sells UBS stake at a loss

Singapore sovereign wealth fund GIC sells UBS stake at a loss

At the closing price, 93 million shares would be worth 1.54 billion Swiss francs (RM6.68 billion). The stock had closed at 16.61 on Monday. GIC is keeping its profitable investment in Citi. GIC measures its performance on an overall portfolio basis, based on long term rather than annual returns. According to the Business Times, "GIC took stakes in UBS and Citigroup early in the financial crisis as part of a tactical move into a beleaguered financial sector". Read More

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Takeaways From Buffett's Address To Berkshire AGM

Buffett said he was not bothered by initial USA data showing the economy grew at just 0.7 percent in the first quarter, saying it was "more or less" growing at 2 percent a year. When Buffett toured the exhibit hall, he was surrounded by a pack of reporters, shareholders and security officers. "They have followed the standard capitalist formula ... Read More

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Transport unions strike: Buses go off roads in Tamil Nadu

A deadlock in talks over pending pay between Tamil Nadu transport unions and the state government has resulted in a state-wide strike, causing difficulties for people on Monday morning. In Chennai , about 600 buses have been mobilized from private operators of six adjoining districts at the Island Grounds, from where transport officials are giving temporary routes to ply their buses within the city and its suburbs. Read More

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Tillerson on Russia: No 'free pass' on election interference

Tillerson on Russia: No 'free pass' on election interference

Secretary of State Rex Tillerson said today that the Trump administration is not giving Russian Federation a "free pass" on interference in last year's USA election. Asked about USA intelligence reports that Russia meddled in last year's United States presidential election campaign, Tillerson said, "I don't think there's any question that the Russians were playing around in our electoral processes". Read More

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Ransomware cyber-attack a wake-up call

Cybersecurity firm Avast said it tracked more than 75,000 ransomware attacks in 99 countries Friday. But the agency added that some infections may not yet have been detected, and that existing infections can spread within networks. The US security firm Symantec said the attack appeared to be indiscriminate. Security agencies in affected countries were racing to find out. Europol, the European Union's police agency, said the onslaught was at "an unprecedented level and will require a complex ... Read More

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