Finance


Philip Green agrees to pay £363m into BHS pension fund
- March 01, 2017

The £363 million is significantly less than the £571 million deficit the firm was left with when it went bust in April previous year. MPs also called for the Topshop billionaire to be stripped of his knighthood as negotiations with the PPF and regulator dragged on in the wake of the parliamentary inquiry. (more...)
BMO, Scotiabank earnings beat forecasts, but future growth uncertain
- March 01, 2017

The company's outstanding shares are 44.19 Million. LSV Asset Management's holdings in Bank of Nova Scotia were worth $900,000 at the end of the most recent quarter. Barclays PLC restated an "equal weight" rating and issued a $63.00 price target (up from $60.00) on shares of Bank of Nova Scotia in a research report on Thursday, September 1st. (more...)
Most Active Runner As Share Volume Pops for Exelixis, Inc. (NASDAQ:EXEL) Most Active Runner As Share Volume Pops for Exelixis, Inc. (NASDAQ:EXEL)
- March 01, 2017

FMR LLC increased its stake in shares of Exelixis by 24.2% in the fourth quarter. Total shares held by institutions as of the most recent company filings are 245,618,916 with a reported 25,338,154 bought and 21,571,266 sold. They set a "buy" rating and a $17.00 price objective on the stock. William Blair reaffirmed an "outperform" rating on shares of Exelixis in a research report on Saturday, January 28th. (more...)
Berkshire's Abel Gets $17.5 Million After Incentive Plan Expires Berkshire's Abel Gets $17.5 Million After Incentive Plan Expires
- March 01, 2017

With the Saturday release of this year's letter, Buffett has now composed fifty-two of them, in which he ruminates on capitalism and the fortunes of the holding company that he runs. Delta was the big loser, falling 1%, while American, United, and Southwest lost 0.9%, 0.7%, and 0.4%, respectively. Speaking on CNBC , Buffett said Berkshire now owns 133 million shares of Apple that are worth about $17 billion, and that Apple is now the second-largest holding in his company after only ... (more...)
Trump to order review of Obama rule on waterways Trump to order review of Obama rule on waterways
- March 01, 2017

The new order specifically instructs the EPA and the Army Corps of Engineers to begin reviewing and revising the Waters of the USA rule to "ensure it promotes economic growth and minimizes uncertainty", according to CNN . Finalized in 2015 with widespread public and scientific support, the Rule restored federal protections to half the nation's streams, which help provide drinking water to one in every three Americans. (more...)
Takata pleads guilty to fraud in air bag case
- March 01, 2017

At least eleven people have died in the USA and more than 100 have been injured by the airbags, and automakers have staged a massive recall of more than 70 million airbags in 42 million vehicles. The other auto companies all declined to comment. The recall has sent Takata to the brink of bankruptcy. Three former Takata executives have been indicted on wire fraud charges. (more...)
Wilbur Ross confirmed as Trump's commerce secretary Wilbur Ross confirmed as Trump's commerce secretary
- March 01, 2017

But the Senate voted 72-27 to confirm him anyway. Senators also moved forward Monday on Trump's nomination of Montana Rep. Ryan Zinke to lead the Interior Department, voting 67-31 to limit debate. During his confirmation hearing, Ross expressed support for "sensible trade", noting he has had direct experience with unfair trade in the steel, textile, and auto parts businesses and other sectors. (more...)
Safaree Thinks "Shether" Is "The Most Disrespectful Record" He's Ever Heard
- March 01, 2017

Remy Ma has plans to release a second diss track, "Child's Play", in early March. On February 26, Remy Ma , which is short for Reminisce Mackie, announced on Twitter her newly released rap song titled "ShEther". She can choose the high road and ignore the explicit shots Remy has fired. But one thing is for sure - this war can't be won via social media. Minaj responded by posting an image of the sales figures for Remy's recent track " Plato O Plomo " with Fat Joe . (more...)
Black BMW Tupac Was Shot Being Auctioned Off For Millions
- February 28, 2017

Here are the details about the historic BMW. Shortly after the photo was taken, the vehicle was riddled with bullets in a still-unresolved shooting in Las Vegas on September 7, 1996. Given this fact, there will certainly be many people that will be interested in the BMW. TMZ further reports: "As for how the BMW ended up at an auction house ... (more...)
Bush Opens Up About Trump
- February 28, 2017

Mr Bush remained coy on all those topics - but when asked about Mr Trump's relationship with the media, he spoke passionately about the need for a "free press". " I think we all need answers ", efe news agency quoted Bush as saying in an interview with NBC. Noting that he previously tried to persuade Russian President Vladimir Putin to embrace a free press, Bush added, "It's kind of hard to tell others to have an independent free press when we're not willing to have one ourselves". (more...)
In Mau, PM Modi calls for equal development of Eastern, Western UP In Mau, PM Modi calls for equal development of Eastern, Western UP
- February 28, 2017

Daring SP, Congress and BSP, PM Modi said, "Do whatever possible to defeat BJP, but don't ruin the future of UP". The neglect was not less than "criminal" for a person holding the seat of the PM", she said.Addressing a rally in Fatehpur, Modi had said: "If you create Qabristan (cemetery) in a village, then a shamshaan (cremation ground) should also be created. (more...)
The Serco Group plc (SRP) Earns "Hold" Rating from HSBC Holdings plc
- February 28, 2017

SAFE has been the subject of several other research reports. On Friday analysts at Jefferies & Co maintained UDG Healthcare PLC's (LON:UDG) shares as "Buy" in a research note issued to investors. If you are accessing this report on another publication, it was illegally stolen and republished in violation of worldwide trademark & copyright laws. (more...)
Another Record Week for US Oil Exports as Production Surges Another Record Week for US Oil Exports as Production Surges
- February 27, 2017

USA crude oil inventories are at an all-time high. Prices yesterday rose 86 cents to close at US$54.45, the highest settlement since July 2, 2015. So far OPEC appears to be sticking to its deal but other producers, notably USA shale companies, have increased output, helping swell stocks in the United States, the world's biggest oil consumer. (more...)
Warren Buffett rails against fee-hungry Wall Street managers Warren Buffett rails against fee-hungry Wall Street managers
- February 27, 2017

Quarterly profit from insurance operations rose 7 percent to $1.44 billion, as underwriting gains at the Berkshire Hathaway Reinsurance Group more than offset a loss at auto insurer Geico, where claims for losses have been rising. That past will only help his efforts to bolster Berkshire Hathaway's financial performance, Buffett said. "From a standing start 240 years ago - a span of time less than triple my days on earth - Americans have combined human ingenuity, a market system, a tide of ... (more...)
Heroin-related overdose deaths quadrupled from 2010-15 - U.S. govt Heroin-related overdose deaths quadrupled from 2010-15 - U.S. govt
- February 27, 2017

In 2010, 8 percent of drug overdose deaths involved heroin, a share that jumped to 25 percent in 2015, the study found . "This suggests that there is greater supply of synthetic opioids in certain areas and because they are more lethal than heroin or prescription opioids, they are contributing to the increases in overdose death rates", Vuolo said . (more...)
Vectura Group PLC (VEC) Receives "Buy" Rating from Peel Hunt
- February 26, 2017

The UK and Europe segment provides a range of long-term savings and investment products to individual and corporate customers in the United Kingdom, Germany, Austria and Ireland. The firm now has a "buy" rating on the stock. The company presently has a consensus rating of Buy and an average target price of GBX 6,048.86 ($75.59). (more...)
Oil prices up but gains pared after seventh straight stock build Oil prices up but gains pared after seventh straight stock build
- February 26, 2017

Crude inventories rose 564,000 barrels in the week to February 17, its seventh straight week of increases, compared with analysts' expectations for an increase of 3.5 million barrels, the EIA said. The Organization of Petroleum Exporting Countries agreed on November 30 to cut output by 1.2 million barrels per day for the first six months of 2017, in addition to 558,000 bpd of cuts pledged by independent producers such as Russian Federation. (more...)
SBI ATM Fake Note Case: One Arrested, Inquiry On SBI ATM Fake Note Case: One Arrested, Inquiry On
- February 26, 2017

More counterfeit notes of Rs 2,000 were dispensed from SBI ATM. Mr Gupta, along with the people present in the ATM queue, complained to the bank, and accused officials of being involved in a "conspiracy". The mystery of fake notes being dispensed from SBI ATM in Delhi is yet to be solved and it has returned to haunt the authorities. The currency notes kept in the ATM are also sent by the RBI, he said, adding "Nevertheless, we are getting the entire case investigated". (more...)
Inflation rate in January fuelled by gas prices
- February 26, 2017

Gasoline prices there rose 7.8 per cent during the month of January and were up 20 per cent from a year earlier. Excluding gasoline, consumer prices nationally were up 1.5 per cent year-over-year in January, from 1.4 per cent in December. (more...)
Pruitt Delivers Emails For Oil Industry Links Investigation
- February 25, 2017

Opponents believe the emails will show Pruitt's close ties to the energy industry. Environmental groups strongly opposed Pruitt's nomination. Some conservatives also are pressing Pruitt to go further and undo the legal underpinning for many Obama-era environmental rules by questioning the scientific basis for them. (more...)
Analysts Weigh in on Monmouth Real Estate Investment Corporation (NYSE:MNR) Analysts Weigh in on Monmouth Real Estate Investment Corporation (NYSE:MNR)
- February 25, 2017

The stock has been given a mean Overweight rating after the consensus analysis of 7 Analysts. LifePlan Financial Group Inc now owns 12,465 shares of the real estate investment trust's stock worth $287,000 after buying an additional 477 shares in the last quarter. (more...)
The Exencial Wealth Advisors LLC Sells 455 Shares of Comcast Corporation (CMCSA)
- February 25, 2017

Community Bank N.A. now owns 16,260 shares of the cable giant's stock worth $1,079,000 after buying an additional 56 shares during the period. ING Groep NV's holdings in Comcast Corporation were worth $38,005,000 at the end of the most recent reporting period. (more...)
BAE Systems chief to step down
- February 25, 2017

BAE was boosted by contract wins in the US and the United Kingdom, including the engineering and manufacturing development contract for the US Air Force's Eagle Passive Active Warning Survivability System. The company is to pay a final dividend of 12.70p a share, taking its total 2016 payout to 21.30p, up 2.0% on 2015. In 2017, BAE's underlying earnings per share are expected to be five to 10 per cent higher than this year's 40.3p per share, the company said in its statement today. (more...)
Lloyds Posts Better-Than-Expected Full Year Profit, Boosts Dividend Lloyds Posts Better-Than-Expected Full Year Profit, Boosts Dividend
- February 25, 2017

In accordance with Financial Conduct Authority (FCA) rules, Lloyds Banking Group is required to announce any share activity which changes shareholder interest by more than one per cent. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/02/23/lloyds-banking-group-plc-lloy-price-target-raised-to-gbx-80-at-macquarie.html. (more...)
Earnings Guidance on Hormel Foods Corporation(HRL)
- February 25, 2017

Accredited Investors Inc. now owns 12,240 shares of the company's stock worth $464,000 after buying an additional 100 shares in the last quarter. While taking a glance at financials, we can look at a number of key indicators about Hormel Foods Corporation's (HRL ). (more...)