Money

Fukushima: Japan court finds government liable for nuclear disaster

A number of legal cases have already been filed against Tepco (Tokyo Electric Power) relating to the disaster, but this is the first time a court has recognised that the government was liable for negligence. The government and the utility have argued that tsunami as high as what occurred could not have been anticipated and the accident was unavoidable. The 137 plaintiffs, now relocated to Gunma Prefecture and elsewhere, have sought a combined 1.5 billion yen in damages for emotional ... Read More

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Tamil Nadu Government Presents Revenue Deficit Budget

Tamil Nadu Government Presents Revenue Deficit Budget

Tamil Nadu has pegged its software exports to touch Rs one lakh crore by the end of current financial year and the state government has also planned to set up a new IT park here. Jayakumar also announced that the State Development Policy Council will replace State Planning Commission. In 2016-2017, the fiscal deficit will be R61,341 crore. Read More

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Indian Rupee opens lower at 65.45 per dollar

After South Korean currency and the Taiwanese dollar won, the rupee has found support and became the third-best performing currency, which edged higher at 2.66% amid session. An indication of the rate hike by US Federal Reserve may invoke a series of rate hikes. Later, it strengthened sharply to 65.21 before trading at 65.41 at 1020 hours. Read More

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Stocks for Your Case: Wells Fargo & Company (WFC), Transocean Ltd. (RIG)

Stocks for Your Case: Wells Fargo & Company (WFC), Transocean Ltd. (RIG)

RidgeWorth Capital Management LLC's holdings in Wells Fargo & Co were worth $118,107,000 as of its most recent SEC filing. The high end of the earnings forecast is $0.15 per share and low end is $-0.36 per share. A number of analysts offered their Estimated Earnings analysis for Wells Fargo & Company (NYSE:WFC) for the current quarter. The financial services provider reported $0.96 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.00 by $0.04. Read More

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Adobe Stock Soars On Q1 Beat-And-Raise Report

Adobe Stock Soars On Q1 Beat-And-Raise Report

At the movement Tribune Media Company (NYSE:TRCO) is under coverage by number of analysts. Adobe Systems Incorporated has a Price to Earnings ratio of 47.85 for the trailing twelve month period. Also, Chairman John E. Warnock sold 6,000 shares of the business's stock in a transaction on Monday, December 19th. The daily volume was measured at 4,044,627 shares. Read More

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Bank of Japan holds fire eying United States economy, Brexit risk

Bank of Japan holds fire eying United States economy, Brexit risk

While the BOJ is expected to keep policy steady, investors will look for any hints about how long the central bank intends to maintain its ultra loose policy. criticism it is exploiting a weak yen to gain a competitive trade advantage. Some analysts say the BOJ may be forced to raise its yield target to avoid ramping up bond purchases if Japanese long-term interest rates track global bond yield rises, which are being driven by expectations of higher USA interest rates. Read More

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JC Penney to close its Citadel Mall store

The J.C. Penny store at The Shops of Westshore, formerly Westshore Mall, in Holland Township and the store inside the Lakeview Square Mall in Battle Creek are on the closing list. Liquidations will start April 17, it said Friday. We will have more information, as it becomes available. The company said that it would also initiate a voluntary early retirement program for about 6,000 eligible employees. Read More

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Government pulls YouTube ads after investigation into taxpayers funding extremism

Government pulls YouTube ads after investigation into taxpayers funding extremism

A recent investigation by the Times found adverts were appearing alongside content from supporters of extremist groups, making them around £6 per 1,000 viewers, as well as making money for the company. "We are waiting for reassurances that they have in place the technical expertise to stop our adverts appearing in the wrong places", he said. Last year, it had removed nearly 2 billion advertisements and more than 1 lakh publishers from Google's AdSense program so that it could prevent ads ... Read More

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SA To Harness Energy From Awkward Tension Between Frydenberg And Weatherill

SA To Harness Energy From Awkward Tension Between Frydenberg And Weatherill

THE GREENS have criticised the South Australian government's energy plan after announcing plans to build a $360 million gas-fired power plant on March 14. Besides any gas these companies may reserve for manufacturers, they have no incentive to search for more gas for the domestic market. This morning Frydenberg and Weatherill were both attending an event at AGL's new virtual power plant in Adelaide. Read More

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Major bank follows suit and hikes rates

Major bank follows suit and hikes rates

Additionally, the interest rates for investment property owners will also be raised by 0.23 percent to 5.79 percent for principal and interest repayment loans and by 0.28 percent to 5.96 percent for interest-only loans. Variable rate small business loans will also increase by 0.08 percentage points. In better news for younger Aussies looking to get into the market, NAB has also announced a cut in its fixed interest rate for first home buyers from 3.98% to 3.69% for fixed two year loans. Read More

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Check Out This Hotel in Japan Where Robots Wait Upon Guests

Check Out This Hotel in Japan Where Robots Wait Upon Guests

It is the company's first opening of a hotel staffed by robots in the Kanto region, and there are plans in the works to launch 100 more, including overseas, within the next five years. It will also minimize electricity usage through motion sensors that automatically turn appliances on and off. The first Henn-na Hotel opened in July 2015 near a theme park in Nagasaki. Read More

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Russian hackers charged in massive Yahoo breach

He told reporters Russian Federation had received no official word about the charges and was getting all its information from the media. In the legal field, from the viewpoint of global investigative measures, "it is hardly possible to do things by way of exchanging public statements" as certain worldwide procedures exist, the Kremlin spokesman said. Read More

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Bob Diamond and Qataris to buy Panmure Gordon for £15.5m

Bob Diamond and Qataris to buy Panmure Gordon for £15.5m

The move will push Diamond back into London's financial services spotlight almost five years after he was ousted as Barclays' chief executive after the bank was hit by a mega-fine for its role in the Libor-fixing scandal. Mr Diamond, who earned tens of millions of pounds building Barclays into one of the world's investment banking powerhouses, is not among those who have been under investigation. Read More

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MEA Sushma Swaraj expresses concern over missing Indian clerics in Pakistan

MEA Sushma Swaraj expresses concern over missing Indian clerics in Pakistan

Indian foreign minister Sushma Swaraj tweeted Friday morning that she has "requested them (the Pakistani government) for an update on both the Indian nationals". India has raised the issue of two Indian clerics of Nizamuddin Aulia Dargah having gone missing in Pakistan. High Commission diplomat claimed that one of the clerics was stopped and went missing at Lahore airport while returning to Karachi. Read More

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Catalyst Pharmaceuticals Inc (CPRX) Shares Gap Up on Better-Than-Expected Earnings

Catalyst Pharmaceuticals Inc (CPRX) Shares Gap Up on Better-Than-Expected Earnings

The stock has a market capitalization of $99.63M and it has 82.97M outstanding shares. According to Yahoo Finance, the price target for the company which analysts are aiming is 6. Investors expected a price target of -0.06 for this quarter. The company beat the analyst EPS Estimate with the difference of $0.01. While in the same Quarter Previous year, the Actual EPS was $-0.07. Read More

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Trump to name coal lobbyist as deputy EPA chief

The New Jersey Department of Environmental Protection referred comment to Office of Governor Chris Christie, which responded "The Federal spending proposal is not a final budget". You know, our "nest", the earth we live on. The Center asked for Pruitt's correspondence since he took office February 17, but the EPA is now refusing to begin the search for these public records, claiming the scope of the request was too broad. Read More

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Valeant shares pop 4% after activist investor ValueAct ups stake

Valeant shares pop 4% after activist investor ValueAct ups stake

The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . The Company now has Insider ownership of 2.3 Percent and Institutional Ownership of 66.8 Percent. Several hedge funds have recently added to or reduced their stakes in VRX . As short sellers count their profits, and gradually reduce their exposure, they eye hedge fund manager John Paulson , whose Paulson & Company is still long the stock, for a squeeze opportunity. Read More

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PRINCETON: PU falls to Irish in NCAA hoop opener

PRINCETON: PU falls to Irish in NCAA hoop opener

However, it became clear in the opening minutes that this game would come down to Princeton stopping the inside pressure of the Irish. "We delivered under bright lights and played well enough even though we couldn't finish and get the championship game", head coach Mike Brey said before Thursday's game, according to the Associated Press (via FoxSports.com ). Read More

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Gold ETFs Are Rising As Fed Day Arrives And This Is Why

Gold ETFs Are Rising As Fed Day Arrives And This Is Why

Gold found momentum late Wednesday as the Federal Reserve left its forecasts basically unchanged from December. But the dollar struggled to make more progress through the European morning and waned as NY traders arrived at their desks. Fed fund futures FEDWATCH price in a more than 90 percent chance of a rise in rates on Wednesday, and attention is shifting to whether the Fed is now set for regular quarterly rate increases. Read More

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Rise in interest rates a good sign for the economy

Rise in interest rates a good sign for the economy

Federal Reserve policymakers said they still see U.S. rates rising two more times this year , with another three increases in 2018. The Fed's preferred inflation measure, the so-called core PCE price index , recorded its biggest monthly increase in five years in January and was up 1.7 percent year-on-year after a similar gain in December. Read More

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Oracle's increased cloud profits are cool for Catz

Oracle's increased cloud profits are cool for Catz

Wall Street was looking for 62 cents a share on revenue of $9.26 billion. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-six have issued a buy rating to the stock. June 16, 2016: Oracle Corporation reported Q4 earnings of $0.81, missing consensus estimates of $0.82. 134.61 million shares or 4.00% less from 140.23 million shares in 2016Q3 were reported. Read More

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Chinese shares close higher Thursday after US Fed rate hike

Chinese shares close higher Thursday after US Fed rate hike

Fed officials hinted that it will hike interest rates two more times this year, as it had previously anticipated. The central bank injected 383 billion yuan (US$56 billion) into the market via the operations yesterday. Gordon Sun (孫明德), director of the Taiwan Institute of Economic Research's Economic Forecasting Center, agreed, saying that the USA remains at an early stage in an interest rate hike cycle and the latest move did not surprise the capital market at all. Read More

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Rubicon Project Names New CEO

Rubicon Project Names New CEO

Six analysts surveyed by Zacks expected $63.6 million. Along with its earnings release, Rubicon announced that Michael Barrett will become the new CEO, replacing founder Frank Addante. Several hedge funds have recently made changes to their positions in the company. Numeric Investors LLC boosted its position in The Rubicon Project by 6.3% in the fourth quarter. Read More

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