Finance


Deutsche Bank eyes €8bn capital increase Deutsche Bank eyes €8bn capital increase
- March 06, 2017

The issue is being underwritten by a number of other banks, including Credit Suisse, Barclays, Goldman Sachs, BNP Paribas, Commerzbank, HSBC, Morgan Stanley, and UniCredit, while Deutsche Bank itself is acting as global coordinator and joint bookrunner. (more...)
Logan Opens Huge; Top 10 Movies At The US Box Office Revealed
- March 06, 2017

The film which is mutant superhero Wolverine's final chapter was one of the most-awaited Hollywood films of 2017 and the opening day box office numbers prove that India loves Wolverine. box office and came back with a total victory. High Jackman has poured everything into the role of Wolverine in the X-Men movie franchise, returning to the character in both team and solo films time and again. (more...)
Big Lots (NYSE:BIG) reports 4Q16 Profit Up 12%
- March 06, 2017

Revenue fell 0.3% to $1.58 billion, just missing estimates. The company reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.04. In other news, CEO David J. Campisi sold 15,000 shares of the company's stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $52.00, for a total value of $780,000.00. (more...)
Uber uses secret weapon to thwart regulators Uber uses secret weapon to thwart regulators
- March 06, 2017

Greyball is predominantly used outside of the United States, but was approved for use by Uber's legal team. Uber used these methods to operate in cities like Boston, Las Vegas, Portland, and even Paris, France, without the authorities or city officials finding out. (more...)
The Brandywine Managers LLC Purchases Shares of 3960 Autodesk, Inc. (ADSK) The Brandywine Managers LLC Purchases Shares of 3960 Autodesk, Inc. (ADSK)
- March 05, 2017

Canaccord Genuity raised Autodesk from a "hold" rating to a "buy" rating and raised their price target for the company from $70.00 to $95.00 in a report on Friday, December 9th. The firm earned $478.80 million during the quarter, compared to analysts' expectations of $476.06 million. During the same quarter in the previous year, the company posted $0.21 EPS. (more...)
Snapchat's parent company Snap sees stocks surge after Wall Street debut Snapchat's parent company Snap sees stocks surge after Wall Street debut
- March 05, 2017

That's significant, as Snap floated less than that - 200 million - in its initial public offering (IPO). Analysts, investors and investment bankers have told the Journal that a successful Snap "debut could awaken what has been a largely dormant tech IPO market". (more...)
Analysts Estimates and Ratings: Realty Income Corporation (NYSE:O) Analysts Estimates and Ratings: Realty Income Corporation (NYSE:O)
- March 05, 2017

On Thursday shares of Builders FirstSource, Inc. Royal Bank of Canada lowered their target price on Duke Realty Corporation from $30.00 to $28.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 22nd. This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. (more...)
USC's Alaina Coates out against Georgia; questionable for the weekend USC's Alaina Coates out against Georgia; questionable for the weekend
- March 05, 2017

With Alaina Coates nursing an ankle injury, Carolina was always going to rely on A'ja Wilson to provide the inside scoring. The Gamecocks put up 25 points in the second quarter to Georgia's nine points and took the 42-16 lead at halftime. (more...)
China reins in defence spending as Donald Trump boosts military budget China reins in defence spending as Donald Trump boosts military budget
- March 05, 2017

The increase in defence spending was announced by Fu Ying, the spokesperson of China's parliament, the National People's Congress (NPC), ahead of its annual meeting. With troop numbers declining, the 7% increase suggested "funding is still being channeled towards investment in new equipment and the wider process of modernizing" the Chinese military, said Craig Caffrey, an expert on defense budgets at IHS Jane's. (more...)
PSA completes deal for GM's Opel
- March 04, 2017

PSA Chief Executive Carlos Tavares said a full acquisition of Opel offered an "opportunity to create a European vehicle champion" and quickly exceed 5 million annual auto sales. PSA is optimistic that acquiring Opel will save the company about $2.1 billion. The carmakers have since narrowed the gap on pensions and the so-called "non-compete" agreements sought by GM, the people said, although it remains unclear how or whether they have been resolved. (more...)
Bitcoin hits record $1200 high: Here's the outlook ahead Bitcoin hits record $1200 high: Here's the outlook ahead
- March 04, 2017

In comparison, an ounce of gold traded at $1,233. First, high demand for the digital coin helped push the price of a bitcoin higher throughout the year, although it did suffer a major setback. Bitcoin , however, can be traded more easily than a heavy piece of metal. Still, it's notable that Bitcoin has (at least temporally) surpassed the price of gold. (more...)
Stock Earnings Alert: Costco Wholesale Corporation (NASDAQ:COST) Stock Earnings Alert: Costco Wholesale Corporation (NASDAQ:COST)
- March 04, 2017

Costco says these fee increases will affect about 35 million members. Quarterly profits for the company were announced Thursday with Costco earning almost $30 billion, a nearly 6 percent increase over previous year. Costco Wholesale Corporation Last issued its quarterly earnings results on Dec 7, 2016. The firm's quarterly revenue was up 3.2% compared to the same quarter past year. (more...)
YouTube TV offers back door access into TV advertising business for Google
- March 04, 2017

YouTube is not the first to offer such a service, as different providers have been cropping up over the past year or so. Among the networks that will be available on YouTube TV are ABC, CBS, NBC, FOX, ESPN Fox Sports Network and several regional sports networks. (more...)
British PM May says preserving union a prime goal British PM May says preserving union a prime goal
- March 04, 2017

Nicola Sturgeon , the first minister in Scotland's devolved government, has been consistently opposed not only to Britain leaving the European Union but also to the particularly hard version of divorce that Mrs May is advocating. Should Sturgeon call a second referendum, May believes there will be a backlash - and she is not willing to take the blame. It is a serious business, centred on improving people's lives, ' she wrote. (more...)
Oil Falls to Three-Week Low as Record US Supply Outweighs OPEC
- March 04, 2017

Oil markets fell significantly during the Thursday session, reaching down to the 50-day exponential moving average. Unlike its peers under the landmark OPEC-led agreement, Iran has wiggle room to boost production to 3.8 mbd. "If it was higher it would be better, but $60 is fine", reports Reuters . Shipments from the southern Iraqi port of Basra grew by 10 percent, while sales by the Kurdish Regional Government in the north of the country were up 13 percent. (more...)
Search warrant executed at Caterpillar offices Search warrant executed at Caterpillar offices
- March 03, 2017

Caterpillar confirmed to Fox News that law enforcement raided offices at the company's headquarters, exectuting search warrants on three propertiers in the Peoria, Ill . Caterpillar has faced a number of investigations in recent years focusing on its business practices, according to filings with the Securities and Exchange Commission. (more...)
Trump to SEAL's widow: 'We will never forget Ryan'
- March 03, 2017

Carryn Owens was left in tears, as senators, Supreme Court justices and House Representatives gave the widow, who's husband was the first USA service member killed in the line of duty during Trump's administration, a standing ovation. "Why at this time did there have to be this stupid mission when it wasn't even barely a week into his administration? Why?" Officials leaving Washington for Dover Air Force Base on February 1 to meet with Navy SEAL Ryan Owens' family. (more...)
Uber's Travis Kalanick apologises for berating driver Uber's Travis Kalanick apologises for berating driver
- March 03, 2017

You misunderstand me. We started high-end. When the driver argues that Kalanick is lowering fares , Kalanick lashes back, saying: "some people don't like to take responsibility for their own s--". "I can't guarantee to address everything, but I can promise that Uber will do a much better job listening to drivers and serving their needs". Former and current staff members have come forward and said that HR is ignoring the harassment claims. (more...)
Fort Pitt Capital Group LLC Lowers Position in General Electric Company (GE)
- March 03, 2017

The company has a Low Price Target of $9.2 and the Mean Target of $13.83, according to the Brokers. The mean PT for this stock is at $59.90 while the max. Cable Hill Partners LLC increased its position in General Electric Company by 38.4% in the third quarter. First Pacific Advisors LLC now owns 10,649,460 shares of the company's stock valued at $335,245,000 after buying an additional 253,960 shares during the last quarter. (more...)
Earnings Analysis of: NextEra Energy, Inc. (NYSE:NEE)
- March 02, 2017

A number of other large investors have also made changes to their positions in CNP. James Investment Research Inc. boosted its position in NextEra Energy by 47.2% in the third quarter. The dividend yield based on the forward looking indicated annual dividend is 3.03%. CenterPoint Energy's dividend payout ratio is now -245.24%. "Aspiriant LLC Sells 10,182 Shares of NextEra Energy, Inc". (more...)
Labor Department Will Delay Conflict of Interest Rule
- March 02, 2017

But an industry opponent of the rule said what was too constricted was the 12 months financial firms had to comply - from the release of the final fiduciary rule in April 2016 until the implementation deadline a year later. Consumer groups who support the rule are anxious a delay could open the door for opponents to find ways to weaken or eliminate the rule. However, Lisa Donner, executive director of Americans for Financial Reform, told the Los Angeles Times that the delay is merely a ... (more...)
Snapchat's Second Hardware Launch Could Be A Camera Drone Snapchat's Second Hardware Launch Could Be A Camera Drone
- March 02, 2017

That makes it the largest USA tech IPO since Alibaba raised $25 billion in 2014, and the largest for a US -based tech company since Facebook's 2012 $16 billion offering, according to Dealogic. So Snap has a problem: it's losing users at the same time that it's trying to woo investors. The roughly 50 million shares are designated for new Snap IPO investors who do not now have a stake in the company, the sources said. (more...)
Trump's first address to Congress: What you need to know Trump's first address to Congress: What you need to know
- March 02, 2017

Trump promised to be very tough on undocumented immigrants, to cut taxes, to cut spending on things Republicans dislike like the EPA, to raise spending on things Republicans like like defense, to create huge new infrastructure projects, to look America's trade partners in the eye and demand a better deal. (more...)
Sheriff IDs gunman killed after firing at Florida pipeline Sheriff IDs gunman killed after firing at Florida pipeline
- March 02, 2017

Around 9 a.m., reports came in to the Marion County Sheriff's Office that a suspect was using a high-power rifle to shoot at the Sabal Trail pipeline , a three-state, 515-mile natural gas pipe project that has brought protestors who say the pipeline is unsafe for waterways, in the 12500 block of State Road 200. (more...)
Global oil industry lost N1 trillion to projects' cancellation, says OPEC scribe
- March 01, 2017

In addition, United States of America oil rig count increased for the sixth straight week to the highest level in more than fourteen months. OPEC has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing the exporter group to boost already strong compliance with agreed supply curbs on the back of a steep reduction by Saudi Arabia. (more...)