Finance


European Union leaders begin one-day summit in Malta
- February 05, 2017

A letter, co-signed by the centre-right EPP and the liberal Alde group, said his appointment as United States ambassador to could seriously undermine transatlantic relations. Italian Premier Paolo Gentiloni saw a "great opportunity" for the European Union if the Trump administration turns out to be largely domestic-focused, leaving the way open for Europe to be what he called the "No. (more...)
Why Chipotle Mexican Grill, Inc. (CMG Stock) is Going Crazy Today
- February 05, 2017

The stock now has a PEG Ratio of 1.70. Prospera Financial Services Inc acquired a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $242,000. GoPro's stock took such a hit after the disappointing revenue report because investors had been optimistic about the company and bid up the price over 23% in January. (more...)
Ralph Lauren's CEO set to quit after disagreements with the Chairman Ralph Lauren's CEO set to quit after disagreements with the Chairman
- February 05, 2017

EPS in next five year years is expected to touch 6.87% while EPS growth in past 5 year was -4.30% along with sales growth of 5.50% in the last five years. The company's consensus rating on Reuter's scale has slipped from 1.9 to 1.9 during a month. RL has P/E (Price to Earnings ttm) value of 33.29, Forward P/E of 13.17, P/C (Price to cash per share) of 6.53 and Price to Free Cash Flow (P/FCF) value of 19.32. (more...)
Snapchat to make high-profile stock debut after revealing IPO plans
- February 05, 2017

In 2016, Snap brought in $404.5m - a 589% increase over 2015. Snap lost $514 million in 2016. Any investor concern about that is potentially amplified by Snap's insistence that it's a camera company. Snap is aiming to raise $3bn in the flotation at a valuation of up to $25bn, which could make it the third-largest United States technology offering ever, after Alibaba , which raised $22bn, and Facebook , which raised $16bn. (more...)
Study shows low clean energy costs can curb oil demand
- February 04, 2017

It found that significant declines in the cost of solar panels and electric vehicles would reduce demand for fossil fuels, warning investors that relying on current industry projections might be a mistake that would leave their money "stranded" in worthless projects. (more...)
Riccardo Tisci leaves Givenchy after 12 years as creative director Riccardo Tisci leaves Givenchy after 12 years as creative director
- February 04, 2017

Posting a photo of himself with Riccardo Tisci , Mert Alas said "Congratulations for your great achievement at the House of Givenchy and good luck for the next chapter". This changed with Tisci's reign, which catapulted signature graphic designs and white shirts to fame, all while adding a gothic touch. Tisci also booked Brazilian transgender model Lea T. (more...)
Barclays reiterated Shawbrook Group (LON:SHAW) as 'Equal-weight' Barclays reiterated Shawbrook Group (LON:SHAW) as 'Equal-weight'
- February 04, 2017

Over the last 30 and 90 trading days the company share price has increased 124 points and increased 426 points respectively. The 52 week high of Kaz Minerals PLC's shares is 511.98 whilst the 52 week low for the company's shares is 99.84. (more...)
Six Dallas CBS radio stations to become part of Entercom empire Six Dallas CBS radio stations to become part of Entercom empire
- February 04, 2017

The surprise deal with Entercom means that CBS has scrapped plans for an IPO spinoff of its radio division, as it had been planning for months. After completion of the merger, CBS Radio shareholders will receive approximately 105 million Entercom shares, or 72% of all outstanding shares of the combined company on a fully diluted basis. (more...)
Trump's First Jobs Report Shows Solid Gains, Weaker Wages
- February 04, 2017

Hiring in the goods-producing sector increased by 45,000, as construction firms took on another 36,000 workers. Nevertheless, there are still a concerning number of working age adults that are not in the labor force. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Retail employment rose by 46,000 in January and by 229,000 over the past year. (more...)
Karnataka: Uber and Ola to 'share' pool ban Karnataka: Uber and Ola to 'share' pool ban
- February 04, 2017

When contacted, an Uber spokesperson said that UberPool fulfills all requirements that allows for shared services to run in flawless harmony with the laws in the country. "As we believe that UberPOOL is within the law, right now there is no push to stop the product.We have always said that ride share is something that is very much welcome for a city like Bengaluru ", said Christian Freese, general manager, Uber, Bengaluru . (more...)
Hudson's Bay Co. Making Bid To Take Over Macy's Hudson's Bay Co. Making Bid To Take Over Macy's
- February 04, 2017

The company, which recently closed 68 stores, has a wealth of land and ground leases that it has pondered selling. The early-stage discussion between retail giants comes amid January reports that discouraging sales numbers prompted Macy's decision to close around 100 stores. (more...)
Facebook just set a record in quarterly user growth
- February 03, 2017

Analysts expected earnings of $1.30 per share , and revenue of $8.5 billion. Mobile advertising represented approximately 84% of ad revenue during the quarter, up from 80% a year ago. Facebook has been pushing into video on a number of fronts. Aside from that, Facebook Messengers also experienced a lot of updated features recently that is believed to be more and more useful. (more...)
Trump economic adviser bashes Germany on currency
- February 03, 2017

The comments by Peter Navarro, head of the president's new National Trade Council, pushed the dollar lower, applied pressure on stock markets on both sides of the Atlantic and, trade specialists said, threatened to put two of the world's economic superpowers on a collision course. (more...)
Market factors give boost to oil prices Market factors give boost to oil prices
- February 03, 2017

Anthony Starkey, the manager of energy analysis for S&P Global Platts, said in an emailed report that most of the recent gains in USA oil production came from offshore and Alaska. They said Russia's oil output averaged at 1.516 million tonnes per day, or 11.11 million bpd last month. "Crude oil imports were elevated again, as well, with the Gulf Coast seeing a big increase in crude oil inventories". (more...)
Snapchat is Reportedly Working on Extending Their Augmented Reality Technology
- February 03, 2017

Although other US -based companies have publicly traded classes of non-voting stock, to our knowledge, no other company has completed an initial public offering of non-voting stock on a USA stock exchange. An IPO is a bold step for a company that began while CEO Evan Spiegel and co-founder Bobby Murphy were still undergraduates at Stanford University. (more...)
GoPro Karma drone relaunches: Minor adjustment resulted in major improvement says GoPro
- February 03, 2017

GoPro believes that the minor adjustments resulted in major improvements. "Really, it was an easy decision but hard news to share", the company said in a blog post. The 3-axis camera stabilizer can be removed from the Karma drone and attached to the included Karma Grip for capturing ultra-smooth handheld and body-mounted shots. (more...)
Uber is suspending its service in Taiwan because of increased fines Uber is suspending its service in Taiwan because of increased fines
- February 03, 2017

After a fierce tug-of-war between Uber and regulators in Taiwan that incurred an accumulated NT$231 million (US$7.38 million) in fines on the first working day after the Lunar New Year holiday, the San Francisco-based car-sharing service provider has made a decision to temporarily pull out of the Taiwan market starting February 10. (more...)
Was this passenger kicked off flight for showing cleavage? Was this passenger kicked off flight for showing cleavage?
- February 03, 2017

She says the passenger had just one beer but wasn't intoxicated. An airline spokesman said flight attendants approached the woman at her seat because she was intoxicated. He said: "The flight attendant made that decision and as she was leaving, she said - "by the way, you might want to cover up". Supp said it was way more than a mention, with the woman being told as many as three times to cover up. (more...)
Facebook's advertising revenue jumps 57% in 2016
- February 02, 2017

Mobile ad revenue made up about 84% of total ad revenue for the fourth quarter, an increase from 80% in the fourth quarter of 2015. Facebook's quarterly profit leapt to $3.57 billion from $1.56 billion a. Facebook's CFO spooked investors last quarter by talking up plans for "aggressive investment" in 2017 even as sales growth is expected to slow. The company's stock rose by almost 3% in after hours trading Wednesday following the earnings release. (more...)
Swedish retailer H&M's sales in Romania pass the Euro 200 mln mark
- February 02, 2017

Pretax profit in H&M's fiscal fourth quarter unexpectedly rose following five consecutive quarters of falling profits, to 7.4 billion crowns (670.72 million pounds) from a year-ago 7.2 billion. An H&M store in NY promoting January sales. This was particularly visible in France, Germany, Switzerland and Italy as well as in the U.S. and in China. (more...)
The 24 most valuable brands in the world
- February 02, 2017

Google's brand value rose by 24 per cent in 2016 from $US88.2 billion to $US109.5 billion, while Apple's declined from $US145.9 billion to $US107.1 billion. The Commonwealth and Qantas, ranked 13th at $US2.022 billion for value, remain Australia's most powerful brands with brand ratings of AAA-. Coming in third is Amazon.com Inc. (more...)
What Is H-1B Visa? 10 Points You Need To Know What Is H-1B Visa? 10 Points You Need To Know
- February 02, 2017

This would make it hard for firms to source their workers from overseas, including India. This comes amid President Donald Trump's temporary ban on nationals of seven Muslim-majority countries from entering the USA, including those who are employed by Google and other tech companies but were out of the country when the surprise order was issued Friday. (more...)
Sensex, Nifty Fall For 2nd Day; Economic Survey, Budget In Focus
- February 02, 2017

The Sensex has touched a high of 27,725.16 points and a low of 27,590.10 points during the intra-day trade so far. The wider NSE Nifty had gained 21.90 points, or 0.26 per cent, at 8,583.20 in opening trade. The S&P BSE IT index plunged by 292.54 points, followed by the oil and gas index, which declined by 213.77 points, and the healthcare index, which slipped by 206.74 points. (more...)
Indian equity markets record modest growth in 2016: Economic Survey Indian equity markets record modest growth in 2016: Economic Survey
- February 02, 2017

The pre-Budget document said the markets are factoring in a regime change in advanced countries, especially the United States macroeconomic policy, with high expectations of fiscal stimulus and unwavering exit from unconventional monetary policies. (more...)
Diageo opening Guinness brewery in US
- February 01, 2017

James' Gate Brewery in Dublin. But the company, known for its traditional beers, has also given free rein to brewers at Open Gate, a smaller-scale pilot brewery in Dublin, to create recipes like the Rye Pale Ale, which made a leap from the Open Gate taproom to bottles previous year. (more...)