Finance


SVB Financial Group Profit Advances 8% In Q2
- July 24, 2016

In this transaction, 1,365 shares were sold at $110 per share. Following the transaction, the director now owns 13,897 shares in the company, valued at $1,528,670. The stock's 50 day moving average is 99.51 and its 200 day moving average is 99.44. The company has a market cap of $5.16 billion. Earnings per share were $1.78. (more...)
Ainslie rebounds to share lead at America's Cup World Series Ainslie rebounds to share lead at America's Cup World Series
- July 24, 2016

Light wind conditions greeted the teams as they took to the water, but the sizeable crowd was treated to exciting competition in the warm sunny weather over Portsmouth on Friday afternoon. Dean Barker's Softbank Team Japan were fourth and the last two places in race two were again filled by Artemis Racing and Emirates Team New Zealand in fifth and sixth places respectively. (more...)
Verizon reportedly close to securing $5 billion Yahoo buyout Verizon reportedly close to securing $5 billion Yahoo buyout
- July 24, 2016

It is quite sad actually. After owning about 20% of global digital advertising share between 2004 and 2006, according to Pivotal Research Group, Yahoo now has a mere 3%, and falling. As we work to conclude the strategic alternatives process, this groundwork will serve as a solid foundation for Yahoo!'s next chapter. A Verizon logo is displayed on a building June 5, 2008 in New York City. (more...)
Southwest Airlines still dealing with delays after outage Southwest Airlines still dealing with delays after outage
- July 24, 2016

Flightaware.com reported that 700 flights were canceled Wednesday, 300 Southwest flights were canceled Thursday and at least 250 more were cancelled so far Friday. "Our employees in airports, online, and on the phone are assisting a significant number of customers and hold times are much longer than average", Southwest added in a statement posted to its website . (more...)
Zika investigations eating up funds, Florida officials say Zika investigations eating up funds, Florida officials say
- July 24, 2016

They have not yet ruled out sexual transmission in the woman's case. Sexual transmission of Zika virus is also possible. Officials are asking residents to have patience with the time-consuming investigation. "This includes being knowledgeable about where the virus is spreading, consulting with a healthcare provider, and most importantly, following public health's recommendations to avoid mosquito bites ". (more...)
Southwest says technology outage fixed but more flights cut
- July 23, 2016

Jonathan Dean, a BWI spokesman, said that the airline "continues to work to accommodate its customers". Southwest hoped it would be back to its normal operating schedule by Friday. Southwest Airlines passengers scrambled to reschedule flights after several were canceled Wednesday because of technical glitches. In addition to Thursday's cancellations, flight-tracking service FlightAware showed that another 375 Southwest flights had been delayed as of noon ET. (more...)
Goldman 2Q Earnings Jump, Helped by Lower Legal Expenses Goldman 2Q Earnings Jump, Helped by Lower Legal Expenses
- July 23, 2016

Goldman Sachs Group has a 1-year low of $138.20 and a 1-year high of $214.61. Total assets amounted to $897 billion at the end of June, compared to $878 billion at the end of March. As with other banks, Goldman saw a dramatic pickup in trading activity just after the June 23 Brexit vote. Investment banking revenues fell 17% during the first half of the year. (more...)
How the Dow Jones industrial average fared on Thursday
- July 23, 2016

ALIGHTING: American Airlines climbed $1.10, or 3.1 percent, to $36.06 after reporting a milder drop in quarterly earnings than analysts expected. ANALYST'S TAKE: "I think people are a little more sensitized, where any tick lower in the market creates this "buy on the dip" mentality", said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management. (more...)
Premier Asset Managment Lowers stake in Walgreens Boots Alliance Inc (WBA) Premier Asset Managment Lowers stake in Walgreens Boots Alliance Inc (WBA)
- July 23, 2016

Other Hedge Funds, Including, Palladium Partners reduced its stake in WBA by selling 800 shares or 12.13% in the most recent quarter. Company has a market cap of $89,594 M. Walgreens Boots Alliance Inc makes up approx 0.05% of Atria Investments's portfolio. 03/01/2016 - Walgreens Boots Alliance, Inc. was upgraded to "buy" by analysts at Mizuho. (more...)
Bank of England sees no clear evidence of sharp Brexit slowdown
- July 22, 2016

Many firms told the BoE they were reviewing their strategy in light of the unexpected outcome of the vote and about a third expected to cut hiring or investment over the next 12 months. Bank Rate will then sit at 0.25 percent until at least the end of 2018 whereas the June 8 poll prediction was for it to have reached 1.5 percent by then. (more...)
Roberts: Ted Cruz chooses sabotage over Scripture
- July 22, 2016

Mr Trump later said he knew Mr Cruz would not endorse him but had let him speak anyway. The showdown between two of the GOP's most abrasive personalities was evidence that many party stalwarts have not reconciled themselves to the fact that the celebrity billionaire will be their standard-bearer in November. (more...)
Crude oil futures rise after U.S. stockpiles fall Crude oil futures rise after U.S. stockpiles fall
- July 22, 2016

Oil traded near a two-month low in NY as total USA inventories climbed to a record, signaling the surplus will be slow to clear. Still, U.S. crude inventories are at a historically high 519.5 million barrels for this time of year, the EIA said . (more...)
Singapore Sovereign Fund Scandal Ensnares 3 Major Banks
- July 22, 2016

It sounds like a pitch for The Wolf Of Wall Street 2: Yesterday, the U.S. Department of Justice filed a series of lawsuits alleging that Malaysian officials had misappropriated more than $3.5 billion from 1Malaysia Development Bhd., a fund created to invest in the Malaysian economy. (more...)
BSP Workers Hold Protest For Dayashankar Singh's Arrest In Mumbai
- July 22, 2016

Union Minister Ramdas Athawale said, "This kind of remark should not be made". It would have been better had the party not only expelled him but also lodged an FIR against him. "Everyone calls me behenji or sister even in the parliament", she said. Punjab's dalit population is 31 per cent, compared to 20.5 per cent in Uttar Pradesh. (more...)
Illinois jobless rate falls in June but workforce shrunk Illinois jobless rate falls in June but workforce shrunk
- July 22, 2016

The robust total, a preliminary figure subject to large possible revisions, brings the year-over-year job tally to 17,900, a gain of 1.1 percent. Andy Condon, the director of the department's Office of Research, says the swing in growth from May to June mirrors national trends for the period. (more...)
AB InBev says it has US approval for SABMiller merger AB InBev says it has US approval for SABMiller merger
- July 21, 2016

Craft beer representatives argued AB InBev's influence over beer distribution would make it harder for them to get beer on shelves. Analysts expect China to do the same after AB InBev agreed in March to sell SABMiller's interest in Snow, China's largest beer, to state-owned China Resources Beer Holdings Co. (more...)
Malaysian PM fingered in $1.4b asset seizure case Malaysian PM fingered in $1.4b asset seizure case
- July 21, 2016

The complaint said the high-flying Malaysian businessman known as Jho Low , a friend of Najib's family who helped create 1MDB, had allegedly laundered hundreds of millions of illicit funds into the United States, which funded the real estate purchases and a lavish personal lifestyle. (more...)
New child benefit targets poverty in short-term and long-term, minister says New child benefit targets poverty in short-term and long-term, minister says
- July 21, 2016

Families already receiving the universal child care benefit or the child tax benefit are automatically enrolled for the new child benefit. The sad reality is, though, that far too many families are not going to get the financial support they need when it matters the most. (more...)
Asian stocks mixed on Turkey coup attempt, better China data Asian stocks mixed on Turkey coup attempt, better China data
- July 20, 2016

The Malaysian ringgit MYRUSD, -0 .2289% gained slightly against the USA dollar Friday and fell Monday, driven by weakness in the Chinese yuan CNYUSD, -0 .0433% which was fixed at its lowest level in almost six years. Some emerging market currencies that fell along with the lira Friday, including the South African rand ZARUSD, -0.854701% and Mexican peso MXNUSD, +0.679073% clawed back losses. (more...)
Yahoo reports another big loss, writes down Tumblr value
- July 20, 2016

The company posted a net loss of US$439.9 million, or 46 United States cents per share, compared with a loss of US$21.6 million, or 2 USA cent per share, a year earlier. As one of the first online navigational guides to the World Wide Web, Yahoo! is one of the leading guides in terms of traffic, advertising, and household and business user reach. (more...)
Feds probe Fiat Chrysler over alleged false sales reports Feds probe Fiat Chrysler over alleged false sales reports
- July 19, 2016

Neither the SEC or the DoJ commented on their investigations. The U.S. Justice Department is investigating Fiat Chrysler Automobiles NV FCAU.N FCHA.MI for fraud, Bloomberg reported, citing people familiar with the matter. The Napleton lawsuit alleges that a competing dealership reported 85 false new vehicle sales and got tens of thousands of dollars in return. The lawyer for Napleton, Steve Berman, said the people the Federal Bureau of Investigation interviewed are those implicated by the ... (more...)
Netflix Inc. (NFLX) Is Falling After Q2 Subscriber Growth Disappoints Netflix Inc. (NFLX) Is Falling After Q2 Subscriber Growth Disappoints
- July 19, 2016

Haley sold 16,172 shares of Netflix stock in a transaction that occurred on Thursday, April 21st. However, the company was only able to add 160 thousand customers in the nearly saturated USA market, along with 1.52 million worldwide subscriber additions. (more...)
Turkish F-16s patrol skies days after failed coup
- July 19, 2016

A senior security official told Reuters that 8,000 police officers, including in the capital Ankara and the biggest city Istanbul, had also been removed from their posts on suspicion of links to Friday's coup bid. The soldiers opened fire on grounds around the first bridge across the Bosphorus dividing Europe and Asia, said the photographer, who saw wounded people being taken to ambulances. (more...)
Trump Introduces Gov. Pence as 'My Partner in this Campaign'
- July 18, 2016

Dick Black, R-Loudoun County, who was the co-chairman of Texas Sen. The closest we may get to that these days is the fictional Netflix series "House of Cards". "Two of the most repulsive and divisive people in history are now running for president of the United States", Holt said. Those who voted for Trump would naturally feel as if they had been taken for a ride if, after months of campaigning for one candidate in the primaries, the party suddenly chooses someone else. (more...)
Jean-Marc Ayrault: Turkey coup 'not blank cheque' for Erdogan
- July 18, 2016

The president, whom 52 percent of the people brought to power, is in charge. "There is no power higher than the power of the people", he continues, adding that the judiciary "will swiftly respond to this attack". Zekai Aksakalli, the commander of the military special forces, told the private NTV television by telephone. The Anadolu Agency said on July 17 the warrant was issued against Colonel Ali Yazici. (more...)