Thursday, 17 January 2019
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What now for the FBI's Trump-Russia probe?

The political implications of the Comey firing and the consequences it holds for the future of the ongoing investigation into the Trump campaign's connection to Russian Federation are enormous. "No charges. Wow! #RiggedSystem", Trump tweeted after Comey announced that Clinton wouldn't face charges. This is confusing for a number of reasons, but not least because this was the very same investigation Trump had praised while on the campaign trail previous year. Read More »

Buffett Says Thesis Was Flawed on IBM, He Blew It Missing Google

Buffett did lavish much praise on top insurance executive Ajit Jain. Berkshire Vice Chairman Charlie Munger, who was also answering shareholder questions during the annual meeting, agreed with the assessment. Buffett also explained that, in his view, Berkshire's investment in Apple - despite his noted aversion to investing in technology companies - was more a bet on a highly successful peddler of consumer electronics than a wager on technology per se. Read More »

Weak iPhone sales hit shares of Apple's suppliers

Falling somewhat in line with President Donald Trump's vision of bringing back manufacturing jobs to the United States, the Cupertino company said it would announce the first investment from its new fund later this month. I actually think comprehensive tax reform is so important to this economy. Analysts on average had expected $2.02 per share, according to Thomson Reuters I/B/E/S. Read More »

Toyota see profit drop on yen, president promises change


Toyota, which in 2016 lost its crown to Volkswagen as the world's top-selling auto maker, expects a net profit of ¥1.5-trillion in the current year to March 2018 - way off market expectations around ¥1.9-trillion. The nation's major auto companies, which rely heavily on exports, were beneficiaries of a weaker yen in recent years. A rate hike tends to lift the dollar against other currencies. Read More »

Australia Budget 2017: Treasurer Unveils Big Banks Tax

It all adds up to a better outlook for the economy, claims the Treasurer, with its much talked about "good debt" funding more than $75 billion of infrastructure spending over the next decade. In a clever political move, the Treasurer has exempted customer deposits of less than $250,000, as well as superannuation and insurance funds. Until now, employers have contributed one to two per cent of their payroll to training if they employ foreign workers and these requirements have been hard to ... Read More »

What the French Election Result Means for Europe

Also, Prime Minister Justin Trudeau of Canada said: "congratulations @EmmanuelMacron on your historic election win". Macron founded his party, En Marche! , in just April of a year ago. The National Front, meanwhile, is also gearing up for a name change - if not a makeover of its ideas - after Le Pen's decisive loss. Marine Le Pen ousted her father from the National Front because of his extreme views. Read More »

At least 9 flights canceled Monday by airline at Florida airport

Spirit Airlines and the Broward Sheriff's Office did not immediately respond to Complex's requests for comment. A number of passengers were handcuffed. Spirit Airlines spokesman Paul Berry said in a statement that the airline was "shocked and saddened" by what they had witnessed in the videos, before launching a scathing attack on the pilots it deemed responsible. Read More »

Macron wins French presidency but hurdles remain in campaign to govern

Despite the consequential nature of Sunday's vote, turnout was estimated to have been the lowest in more than 40 years. Approximately 4 million blank votes were cast. That won't change until June, when elections for France's National Assembly will take place. Macron may be celebrating now, but harsh reality is likely to quickly set in as he will face his first big test next month during the parliamentary elections. Read More »

Britain must pay price for Brexit, France's Hollande warns


The guidelines halted British hopes of having future trade relations being discussed concurrently all through the talks. Mr Tusk said it was vital for the 27 to continue to speak with one voice, saying: "It is only then that we will be able to conclude the negotiations which means that our unity is also in the UK's interest". Read More »

800 jobs to be cut in £11bn Standard Life merger


Under the terms of the new deal, Standard Life shareholders will own 66.7 percent of the combined company, while Aberdeen shareholders will own 33.3 percent. "On balance we'd expect "The Street" could bring numbers down somewhat for (a) standalone Standard Life, though we note that Aberdeen posted a better-than-consensus first-half result last week". Read More »

Carrizo Oil & Gas, Inc. (NasdaqGS:CRZO) MF Rank in the Spotlight

It also means that companies with losses have poor PE ratios . The current consensus rating on Carrizo Oil & Gas (NASDAQ:CRZO) is Buy ( Score: 2.84) with a consensus target price of $46.18 per share, a potential 80.06% upside. The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) has "Accumulate" rating given on Tuesday, May 24 by KLR Group. The average volume of a stock suggests the liquidity of a particular company. Read More »

Analyst Activity - Williams Capital Reiterates Buy on Carrizo Oil & Gas (NASDAQ:CRZO)


The company saw 4.27 million shares trade hands over the course of the day. An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The stock has dropped -3.51% from its peak and the consensus price target for the stock is $38.63 a share. The transaction was disclosed in a filing with the SEC, which is available through the SEC website . Read More »

Coach Buys Kate Spade

Under the transaction, Kate Spade shareholders will receive $18.50 in cash, a 27.5 percent premium on the price prior to media speculation about a takeover of the company. The company expressed the confidence that it could hit double-digit accretion on an adjusted basis by fiscal year 2019. As of Friday's close, shares of Coach have risen almost 7 percent over the past 12 months and are up about 22 percent for the year-to-date period. Read More »

U.S. oil ouput seen rising to record in 2018, as shale booms


Oil prices dropped last week to under $50 a barrel on fresh global concerns about a supply glut as traders questioned whether the production cuts were doing enough to ease inventory levels. Crude oil prices could get some support later in the month as OPEC members and other participating producers meet to consider the terms of the production arrangement. Read More »

Chaos at Florida airport after Spirit flights cancelled

Videos posted to social media showed Broward County Sheriff's deputies attempted to keep order among angry passengers. "This is a result of unlawful labour activity by some Spirit pilots created to disrupt Spirit operations for our customers, by cancelling multiple flights across our network", airline spokesman Paul Berry told CBS News . Read More »

Oil Near Five-Month Lows

Goldman said, however, that "long term oil prices have continued to steadily decline on growing evidence that the oil market can balance close to $50 per barrel". OPEC, Russia and other producers have agreed to curb production by 1.8 million barrels per day until June 30. There is "growing evidence of the ability of US shale to respond near $50 per barrel and the availability of capital to support such activity", the report said. Read More »

ITV sees revenues fall by three per cent


Last year ITV said it was planning to ease away from a reliance on spot advertising and increase new revenue streams, and the success of its studios division, which makes shows such as Victoria, Love Island and I'm a Celebrity, suggests that is going as planned. Read More »

Buffett faults United, but sticks with airlines investments

While it remains unclear how Trump's trade policy will evolve in the next few years, investors are concerned about potential increases of trade frictions between the US and other trading partners. On Sunday morning, almost 3,000 people ran in a 5K race through downtown that was sponsored by Berkshire's Brooks Running subsidiary. Buffett said a CEO's natural tendency is to first defend his employees, but that should not have been the case if Munoz had seen the video. Read More »

Banks hit with new levy, potentially costing billions

The harsher stance from the prime minister - himself a former Goldman Sachs investment banker - comes just months after he started to force banking executives to front parliamentary inquiries about their behavior following a series of scandals. Read More »

Salt, Whole Grain Standards in School Lunches Loosened


Under the changes to the federal nutrition standards , schools won't have to cut salt in meals, states will be able to allow some schools to serve fewer whole grains, and schools will be allowed to serve 1% milk rather than only nonfat milk . Read More »

Verona Pharma Plc (VRP) Stock Rating Reaffirmed by N+1 Singer

The stock of easyJet plc (LON:EZJ) earned "Equal Weight" rating by Barclays Capital on Friday, July 22. 02/11/2016 - SEGRO was downgraded to "Neutral" by analysts at Goldman Sachs. 99 funds opened positions while 190 raised stakes. Canaccord Genuity maintained the shares of RIV in report on Friday, November 6 with "Buy" rating. Rhumbline Advisers invested 0.01% in Paypoint plc (LON:PAY). Read More »

Morrison warns big banks to absorb new tax

The five biggest banks in Australia are being hit with a new levy on liabilities that will raise A$6.2 billion over four years. Despite the WA Labor government having a win in getting $1.2 billion for its Metronet project to expand the Perth rail system, that was merely a re-allocation of existing federal funds from the Perth Freight Link road project. Read More »

Coach buys Kate Spade for USA $2.4 billion

It comes after Kate Spade said in February that it was exploring strategic alternatives . Kate Spade's handbags have struck a chord with millennials due to their subtle logos and quirky and colorful designs, including bags shaped like cats and cars. Read More »

Hezbollah Warehouse in Damascus Likely Hit by Israeli Strike

Other Israeli leaders have said that Hezbollah receiving game-changing weapons, such as advanced missiles or chemical weapons, represents a "red line" that Israel will not accept. The Damascus International Airport lies about 25 kilometers southeast of Syria's capital. Things are getting tense between Israel and Syria, with the latest provocation coming before sunrise Thursday. Read More »

House passes $1.1T spending deal to fund government


The White House has said he'll sign the bill. He and Scalise tried to defend the GOP plan against criticism that it would harm Americans with pre-existing conditions. McCaskill questions why Trump would balk at an agreement that satisfied both sides of the aisle. Senate Republican leader Mitch McConnell said on Tuesday that his party did not want to give up on the legislation. Read More »