Finance


Nissan's next CEO an expert deal-maker with low profile
- February 25, 2017

In a statement , Ghosn said "I am confident that the management team I have developed at Nissan over the past 18 years has the talent and experience to meet the company's operational and strategic goals". Given how quickly the decision to step down follows on Saikawa's installation as co-CEO late previous year, it seems that things have been going well enough with regard to that move that Ghosn doesn't see a need to stay on. (more...)
Stocks slip from record highs as energy firms fall
- February 24, 2017

Energy and industrial companies are slipping and technology stocks, which have risen every day in February, are also down. The yield on the 10-year Treasury note fell to 2.42 percent from 2.43 percent late Tuesday. Bristol-Myers stock traded at $75 in early August but has plunged as investors worry that its lung cancer drug Opdivo will lose sales to other treatments. (more...)
Norwegian Launches Rock-Bottom International Fares from the US
- February 24, 2017

Flights start taking off this summer. Norwegian will have " quite a few thousand seats for that specific fare ", Lars Sande, Norwegian's senior vice president of sales, told Bloomberg . The twice weekly flights from Shannon to Stewart International in NY state will operate on a Wednesday and Sunday - with fares from €69 - and connections from Shannon to Providence Airport will operate Monday and Friday. (more...)
Uber pleads with users deleting the app: 'We're hurting'
- February 24, 2017

She also said Uber has stopped sending the message to customers, which is similar to a memo CEO Travis Kalanick sent internally this week. Another manager threatened to beat an underperforming employee's head in with a baseball bat. While a number of Uber employees were reportedly shocked by Fowler's essays, others said they identified with her story during an hour-and-a-half-long all-hands meeting on Tuesday , as employees peppered senior management with questions. (more...)
Sargento, MDS Foods Expand Listeria-Contaminated Cheese Recalls
- February 24, 2017

The problem originated with a specialty Longhorn Colby cheese. Sargento has now added 6 more cheeses to the list and those include: Sliced Colby, Sliced Muenster, Sliced Tomato & Basil Jack, Shredded Reduced Fat Colby-Jack, Shredded Chef Blends 4 Cheese Pizzeria and Artisan Blends Double Cheddar Shredded Cheese. (more...)
Here's Why First Solar's Stock Is on a Roller Coaster Ride Here's Why First Solar's Stock Is on a Roller Coaster Ride
- February 24, 2017

The stock stands almost -8.05% off versus the 52-week high and 73.75% away from the 52-week low. Goldman Sachs Group, Inc. The third largest holder is Franklin Resources Inc, which now holds $229.59 million worth of this stock and that ownership represents almost 6.71% of its market capitalization. (more...)
Penalty rate cuts divides communities
- February 24, 2017

Opposition Leader Bill Shorten said Labor would fight the cuts "in parliament and in the courts". The long-awaited decision comes after a Productivity Commission report handed down in late 2015, which described Sunday penalty rates as "anachronistic". (more...)
Global stocks top 2016 gains, dollar up before Fed minutes
- February 24, 2017

Trading modestly higher this morning, the United States dollar began to selloff immediately following today's release of the Fed minutes . Specialist Robert Tuccillo works on the floor of the New York Stock Exchange, Wednesday, Feb. Reduced expectations about a rate increase in March, together with declines on U.S. equity indexes, helped revive investors' appetite for U.S. Treasuries, pushing benchmark yields below 2.50 percent. (more...)
Trump to revoke transgender toilets and changing rooms guidance, official says Trump to revoke transgender toilets and changing rooms guidance, official says
- February 23, 2017

A federal judge has placed the guidance on a nationwide hold while a lawsuit from several states challenging them makes its way through the courts. The reversal would be a major setback for transgender rights groups, which had been urging Trump to keep the safeguards in place. (more...)
Campbell Soup Company's (CPB) Campbell Soup Company's (CPB) "Hold" Rating Reaffirmed at Stifel Nicolaus
- February 23, 2017

Royal Bank Of Canada lifted their price objective on shares of Campbell Soup Company from $60.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 15th. This calculation is derived from dividing the current share price by the projected earnings per share. 11/26/2014 - Campbell Soup Company had its "market perform" rating reiterated by analysts at Sanford C. (more...)
Popeyes to be sold to Burger King's parent company for $1.8B
- February 23, 2017

Municipal Employees Retirement System of MI boosted its stake in Popeyes Louisiana Kitchen by 1.7% in the third quarter. According to them, the median (average) EPS the company could deliver is 0.47/share. Comerica Bank boosted its stake in Popeyes Louisiana Kitchen by 4.1% in the fourth quarter. The company's revenue was up 5.1% on a year-over-year basis. (more...)
Analysts Recommendations: Cisco Systems, Inc. (NASDAQ:CSCO)
- February 23, 2017

Overall, the share price is up 13.91% so far this year. CSCO has been the subject of several other reports. The stock has an average rating of Buy and a consensus price target of $33.81. Stockholders of record on Thursday, April 6th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.40%. (more...)
SodaStream Recalls Bottles For Explosion Risk
- February 23, 2017

No incidents or injuries associated with the defective product have been reported so far. This lets people make their own sodas by mixing in flavoring or juices, or simply make their own fizzy water, if they so desire. SodaStream's system allows consumer to turn tap water into sparkling water using a carbonator and reusable plastic bottles. SodaStream manufacturers are headquartered in Israel, and, while it's unclear just how severe the possible explosions are, it isn't surprising that ... (more...)
Why Amazon is giving all customers a puzzling $8.62 discount today
- February 23, 2017

So go ahead and load up that cart and save yourself some cash to help Amazon celebrate its big day. The coupon expires at midnight Pacific on Wednesday, February 22, and it has that amusing number because Amazon is using the coupon to brag. (more...)
Home Depot sees 4Q profit growth on strong housing market
- February 23, 2017

Additionally, Topeka Capital Markets Initiated its ratings on the stock to Buy. Royal Bank Of Canada boosted their price objective on shares of Home Depot, Inc . (The) by 14,902.0% in the fourth quarter. The new dividend yield is only a meager 2.5%. Home Depot, Inc . (The)'s dividend payout ratio is 44.66%. This story was reported by BBNS and is owned by of BBNS. (more...)
Preston one of worst places for traffic jams
- February 23, 2017

If you took to the road recently, you may not be surprised but a new study says Atlanta is one of the most congested cities in the world. Portland ranks 12 out of 240 cities nationwide, where people spend an average of 47 hours a year in peak traffic times, what the research firm colloquially calls a 'traffic jam'. (more...)
NC Health Officials Say Flu Cases On The Rise
- February 22, 2017

The effectiveness of the vaccine is less than hoped because the H3N2 virus is able to mutate, Flannery explained. But that can vary a lot, depending on where a person lives and how many strains are circulating, Brammer says. The most useless shot of the recent past was in the 2004-2005 season, when it was deemed 10 percent effective. The 2015-16 season saw H1N1 dominate. (more...)
BHP smashes forecasts but cautions on prices and protectionism
- February 22, 2017

Billiton Ltd. swung back to a profit and more than doubled its half-year dividend, even as it warned of heightened economic uncertainty in the near term. That compares with a loss of $7.8 billion during the first six months of past year, a period that saw crude oil prices hit a historic low. Coking coal prices have jumped from around $US75 a tonne in early 2016 to above $US300 a tonne in late 2016. (more...)
Three Texans killed in plane crash in Australia, reports say
- February 22, 2017

The US embassy in Canberra said four victims were Americans and Greg Reynolds De Haven and Mr Munsch were identified by their families on social media as two of the victims . One friend, Kerry Pollard, wrote "Sad day today". Victoria's Premier Daniel Andrews branded the crash the state's worst civilian accident in 30 years. (more...)
Verizon slashes Yahoo acquisition deal size by $350 mn
- February 22, 2017

Walden added, "The amended terms of the agreement provide a fair and favourable outcome for shareholders". Commenting on the Verizon deal in 2016, Yahoo chief executive Marissa Mayer said it would provide opportunities for Yahoo to build further distribution and accelerate its work in mobile, video, native advertising and social. (more...)
Bye Bye, Bao Bao! Panda leaving National Zoo
- February 22, 2017

The zoo is closed Tuesday until noon as staff members get ready for the logistics of moving Bao Bao from the zoo to the cargo plane at Dulles International Airport. One of the National Zoo's beloved giant pandas is heading to China. We spoke with the trainer who will accompany her about how they prepared for the trip. (more...)
UK Posts Record Surplus in Pre-Budget Boost for Hammond
- February 22, 2017

LONDON-The U.K. ran the highest January surplus in almost two decades last month, according to data released Tuesday, as public finances were boosted by higher income and capital-gains receipts. Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics , said the Government was on course to undershoot the OBR's predictions, but expects the UK's finances to "deteriorate" in the final two months of the financial year. (more...)
Milo Yiannopoulos autobiography cancelled by publisher after outrage over child abuse comments Milo Yiannopoulos autobiography cancelled by publisher after outrage over child abuse comments
- February 22, 2017

The American Conservative Union (ACU), the organization hosting the annual Conservative Political Action Conference (CPAC), rescinded an invitation to speak to Breitbart News editor Milo Yiannopoulos on Monday afternoon. "I am horrified by pedophilia and I have devoted large portions of my career as a journalist to exposing child abusers", he said in a statement posted to Facebook. (more...)
OPEC's Pushing for Full Compliance With Oil Cuts, Says Barkindo
- February 22, 2017

However, Russia and other non-Opec nations have delivered a smaller amount of cuts so far. Compliance may even increase if Iraq's March exports match the planned 600,000 bpd month-on-month cut indicated by loading programs, it said. Total volume traded was about 38 percent below the 100-day average. With oil prices trading roughly $20 above that, American oil production was booming. (more...)
Kraft Heinz withdraws $143B bid to buy Unilever
- February 22, 2017

Henderson Group Plc's John Bennett, who oversees more than $12 billion, is betting that a failed bid for Unilever may lead the owner of brands like Ben & Jerry's ice cream and Dove soap to consider selling some of its assets. "Our intention was to proceed on a friendly basis, but it was made clear Unilever did not wish to pursue a transaction". A spokesperson for Kraft Heinz shared that the company meant to move forward on friendly terms. (more...)