Finance


Attorneys say 8-year-old was bullied before killing himself Attorneys say 8-year-old was bullied before killing himself
- May 22, 2017

Some students kicked him, others poked him, until an assistant principal came to Gabriel's aid. "Mom found him [dead] in his bedroom a few hours later". Cincinnati Police said they've investigated the incident. It is not clear how soon after the altercation school officials watched the security camera footage of the bathroom. (more...)
The blame game, ransomware edition: Who's at fault?
- May 21, 2017

Avivah Litan, a cybersecurity analyst at Gartner, agreed that the government is "is negligent not doing a better job protecting companies", but added that it's not like "you can stop the USA government from developing cybertools" that then work as intended. (more...)
Analysts Showing Optimistic Trends For The Coca-Cola Company (KO) Analysts Showing Optimistic Trends For The Coca-Cola Company (KO)
- May 21, 2017

Following the transaction, the insider now owns 149,185 shares of the company's stock, valued at $6,479,104.55. The Coca-Cola makes up approximately 2.8% of Gierl Augustine Investment Management Inc's holdings, making the stock its 19th largest position. (more...)
US Treasury Department Imposes Sanctions on Venezuelan Supreme Court
- May 21, 2017

Large-scale protests , caused by a complex economic situation and the confrontation between the parliament and the government, have been going on in Venezuela since April. She said the order was one more example of US attempts to destabilize Venezuela's government, adding that Maduro strongly backs the Supreme Court magistrates who are "victims of USA imperial power". (more...)
Merkel rival vows to fight German election like France's Macron Merkel rival vows to fight German election like France's Macron
- May 21, 2017

He also said France and Germany will strengthen cooperation in the coming months to fight Islamic extremists in Africa's vast Sahel region. "My desire in the framework of our military involvement in Africa is to do even more with Europe, more with Germany, but in a pragmatic manner", Macron told journalists. (more...)
Trump Proposes Cutting $10 Billion in Public School Funding Trump Proposes Cutting $10 Billion in Public School Funding
- May 21, 2017

This post originally appeared at Education Opportunity Network . Weingarten concluded, "More than 80 House of Representatives members-including Trump supporters-and almost 1,500 organizations are calling on Congress to maintain federal funding for after-school programs". (more...)
A huge tax cut for guys like me
- May 21, 2017

The scandal has spurred millions of dollars in fines and legal costs and dented Wells Fargo's standing as one of the country's best-run banks. Buffett said he is "no teenager tech nerd" when it comes to knowing all about technology but he did demonstrate his interest in the field of artificial intelligence (AI) during the AGM. (more...)
Chelsea Manning, who gave secrets to Wikileaks, released from military prison Chelsea Manning, who gave secrets to Wikileaks, released from military prison
- May 21, 2017

She walked out of prison still on active duty with the United States military, because soldiers serving out prison terms are still considered to be active duty, but most experts suspect she will be dishonorably discharged before the end of the week. (more...)
Walmart's online sales soar 63 percent in Q1 Walmart's online sales soar 63 percent in Q1
- May 20, 2017

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Wal-Mart Stores Inc. the EPS stands at 1 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.96, suggesting the stock exceeded the analysts' expectations. (more...)
Wal-Mart's online sales surge, tops 1Q expectations
- May 20, 2017

The results reflected Wal-Mart's efforts to lure customers to U.S. stores through upgrades to infrastructure , better customer service after boosting worker pay, and enhanced e-commerce offerings. Wal-Mart had reported that majority of its internet sales growth came from existing online operations. Wal-Mart said it now offers 50 million items through its website, up from 35 million in the last quarter and 10 million from the same time a year ago. (more...)
Oil takes heart from decline in U.S. stocks Oil takes heart from decline in U.S. stocks
- May 20, 2017

While U.S. oil inventories fell, the country's crude oil production continued to rise, jumping above 9.3 million bpd last week, in what is now a more than 10 percent increase since its mid-2016 trough. Stockpiles of gasoline, one of the products that crude is refined into unexpectedly fell by 150,000 barrels, against expectations for a build of 65,400 barrels. (more...)
Japan scrambles jets after China allegedly flies drone
- May 20, 2017

Two Chinese jets intercepted an American radiation-sniffing surveillance plane that was flying over the East China Sea, drawing Washington's ire that accused Beijing of " unprofessional " behavior. The Chinese vessels were reportedly equipped with guns, Kyodo news agency cited Japan Coast Guard as saying. In the U.S. case, the Americans are questioning the manoeuvres of the Chinese pilots and the speed at which they flew. (more...)
Sheriff: 1 dead after tornado hits Wisconsin trailer park Sheriff: 1 dead after tornado hits Wisconsin trailer park
- May 20, 2017

It was not immediately known if there were injuries. The 30 or so tornado reports were scattered from Texas to Wisconsin on Tuesday. In addition to the threat for violent tornadoes, damaging winds gusts to 70 miles per hour, large hail and torrential downpours will be the most widespread impacts. (more...)
US Treasury's Mnuchin opposes breakup of banks US Treasury's Mnuchin opposes breakup of banks
- May 20, 2017

Treasury Secretary Steven Mnuchin said 100 people at his department are working on an overhaul, and that the goal is to bring "meaningful relief" to the middle class and make American businesses competitive. Mnuchin said if policymakers end up with a proposal that includes an explicit guarantee by the government to backstop the US housing market, it would have to be paid for in a similar way like deposit insurance at the Federal Deposit Insurance Corp. (more...)
Rolf Harris will be released from prison TOMORROW Rolf Harris will be released from prison TOMORROW
- May 19, 2017

The 87-year-old Australian's glittering showbiz career came to a shuddering halt in 2014 when he was convicted and jailed after an earlier trial. He is also accused of groping a third girl twice, after he appeared on ITV celebrity show Star Games in 1978. (more...)
US households owe record amount, topping pre-recession peak US households owe record amount, topping pre-recession peak
- May 19, 2017

California is doing the best of those states, with just 2.3 percent of debt at least 90 days delinquent. Credit card debt, meanwhile, has shrunk since 2003 by nearly 16 percent inflation-adjusted, from $911 bln in 2017 dollars ($688 bln in 2003 dollars) to $764 bln as of 31 March 2017. (more...)
Judge Gives Nestle the Finger in Failed Kit Kat Trademark Case Judge Gives Nestle the Finger in Failed Kit Kat Trademark Case
- May 19, 2017

Nestle has tried to trademark the four-fingered chocolate bar since 2010, but its attempts were repeatedly opposed by Cadbury , which raised its latest objection in the UK Court of Appeal. Sally Britton, an intellectual property lawyer at London and NY firm Mishcon de Reya, said the ruling "sets a high bar" for the registration of shapes, sounds, colours and smells as trademarks. (more...)
Ransomware attack should be wake-up call for govts
- May 18, 2017

Lynne Owens, director-general of Britain's National Crime Agency, said there was no indication of a second surge in the cyberattack but warned , "That doesn't mean there won't be one". "That's what makes this more troubling than ransomware was a week ago", Thakur said. Security experts said the spread of the ransomware had been inadvertently stopped late Friday. (more...)
Paytm to start payments bank operations from May 23 Paytm to start payments bank operations from May 23
- May 18, 2017

The public notice about the development was issued by Paytm and had updates for existing customers of Paytm . The Company also said that Renu Satti , the current Vice President of business as PAytm will take over the charge of Chief Executive Officer (CEO) of Paytm Payments Bank. (more...)
Bellway plc's (BWY) "Hold" Rating Reiterated at Deutsche Bank AG
- May 18, 2017

Goldman Sachs Group Inc reissued a buy rating and set a GBX 6,800 ($87.78) price target on shares of Shire PLC in a report on Wednesday, April 12th. Unilever N V (NYSE:UN) had a decrease of 15.95% in short interest. The rating was maintained by Panmure Gordon on Friday, July 31 with "Sell". Nomura has "Neutral" rating and GBX 355 target. The rating was maintained by Numis Securities with "Buy" on Monday, December 5. (more...)
Out For: Kimco Realty Corporation (KIM)
- May 18, 2017

DRE has been the topic of a number of recent analyst reports. Baird upgraded shares of Kimco Realty Corp from a neutral rating to an outperform rating and dropped their price objective for the company from $29.00 to $25.00 in a research note on Monday, March 13th. (more...)
Wal-Mart Stores Inc. Posted gains of 0.77% in the Last Trade Wal-Mart Stores Inc. Posted gains of 0.77% in the Last Trade
- May 18, 2017

They expect $0.96 earnings per share, down 2.04% or $0.02 from last year's $0.98 per share. AlphaOne also gave news stories about the retailer an impact score of 75 out of 100, meaning that recent news coverage is likely to have an effect on the stock's share price in the near term. (more...)
Cisco misses current quarter revenue Cisco misses current quarter revenue
- May 18, 2017

Though the company has stated that job cuts would create up to $150 million in pretax charges, the money saved will be reinvested into key priority areas including the IoT, security, and cloud. Demand for Cisco's routers has also remained weak, contributing to the company's sixth straight decline in revenue. The company said a year ago it will reinvest the cost savings from restructuring into "key priority areas such as security, IoT, collaboration, next generation data center and cloud". (more...)
Here's what Warren Buffett said about IITs and India
- May 17, 2017

Apple's (AAPL) brand loyalty and reasonable valuation is what convinced billionaire investor and Bershire Hathaway (BRK.A) (BRK.B) Chairman and CEO Warren Buffett to invest in the company, Buffett told CNBC Monday. Buffett has said Berkshire could have a new chief executive within 24 hours if he died or could not continue, and that nothing had changed just because he praised fewer managers than usual in his February shareholder letter. (more...)
TaylorMade sold to private equity firm TaylorMade sold to private equity firm
- May 17, 2017

The number is $425 million. It's reported to be worth $100m. Nike announced past year that it would also focus on golf clothing and stop selling golf gear, like clubs. In recent years, the sportswear firm has spun off its Rockport casual shoe business and Mitchell & Ness lifestyle line. This was to try and get more sales in an industry where product turnover is a significant consideration. (more...)