Monday, 24 April 2017
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Bank of America beats Street 1Q forecasts

The stock of Bank of America Corp (NYSE: BAC ) earned "Market Perform" rating by Wood on Monday, May 16. The stock has increased 61 per cent in the last 12 months. Bank Of America Corp now has $220.61B valuation. TRADEMARK VIOLATION WARNING: This report was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. Read More »

Pernod Ricard's Q3 sales growth slows as India weighs

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In India, which accounts for about 10% of Pernod's group revenue, a government ban on high-value bank notes held back local consumption as well as a ban on alcohol sales near highways in force since April 1. French spirits group Pernod Ricard posted a 1% rise in third-quarter underlying sales on Thursday, helped by a strong performance in its top US market and improving demand in Europe. Read More »

Stocks under Consideration: Wix.com Ltd. (WIX), Gilead Sciences Inc. (GILD)

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It has underperformed by 3.77% the S&P500. Gilead Sciences (NASDAQ:GILD) last issued its quarterly earnings results on Tuesday, February 7th. A number of research analysts have weighed in on GILD shares. Tyrus Capital Sam holds 0.59% or 33,000 shares in its portfolio. Cetera Advisor Network, California-based fund reported 25,097 shares. Winfield Associate Incorporated reported 1,080 shares. Read More »

CoreSite Realty Corporation (NYSE:COR) Achieves New High

The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of $1.57 per share. About 2.56M shares traded. They expect $0.75 earnings per share, up 7.14% or $0.05 from last year's $0.7 per share. KRC's profit will be $87.01 million for 21.43 P/E if the $0.87 EPS becomes a reality. Read More »

UK MPs back plans for 8 June poll

Labour leader Jeremy Corbyn told the prime minister that "Britain is being held back by her government". If approved by parliament, the election will be Britain's third general election in seven years, and it comes less than a year after the referendum that decided the United Kingdom would withdraw from the EU. Read More »

Euro benefits from weak dollar, sterling close to six-month high

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The dollar index, which tracks the greenback against a basket of six rival currencies, edged up 0.1 percent to 99.633, pulling away from its overnight low of 99.465, its deepest trough since March 28. But it was being held up by the pricing out of the bet that the U.S. Federal Reserve would raise interest rates three times this year. Against the yen, the USA dollar was stuck at 108.55 and near its lowest since November. Read More »

Atria Investments LLC Has $455000 Stake in Newmont Mining Corp (NEM)

Carmignac Gestion raised its stake in shares of Newmont Mining Corp by 3.0% in the third quarter. The company now has an average volume of 6.24 Million. If you are reading this news story on another website, it was stolen and reposted in violation of United States and global copyright & trademark laws. Read More »

Duke Energy Corporation (NYSE:DUK) Price Target & Session Check

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kanawha Capital Management LLC boosted its position in Duke Energy Corp by 0.3% in the third quarter. Analysts await Cemtrex Inc (NASDAQ:CETX) to report earnings on May, 16. Duke Energy Corp (NYSE: DUK ) said that, in-case state regulators accept Duke Energy's proposal to cut the price it pays for power from independent producers, a typical 5-megawatt solar farm built in 2017 ... Read More »

Netflix growth slows down

Subscriber rolls, the most closely watched measure of Netflix's growth, rose by just under 5 million globally in the first quarter, behind analysts' projection of 5.18 million, according to FactSet StreetAccount. The inclination has presented Netflix with more rivalry in the contest for home entertainment budgets. In Q1, the company reported USA streaming revenues of $1.5 billion and $1.05 billion coming from the global market. Read More »

Here's how the H-1B visa program works

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During a visit to Wisconsin on Tuesday, President Donald Trump ordered the review of the H-1B program . The president's order would require companies to show that visas are only going to the most highly skilled workers . He said that cutting regulations and getting tax reform are important, but even more critical is Trump's " America first " rhetoric. Trump-branded products are also made overseas. Read More »

Pandemonium on UA flight after forcibly removing a passenger

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Munoz said in a note to employees Tuesday, April 11, 2017 , that he continues to be disturbed by the incident Sunday night in Chicago, where a passenger was forcibly removed from a United Express flight. The backlash from the incident resonated around the world, with social media users in the United States, China and Vietnam calling for boycotts of the No. Read More »

Delhi: Jet Airways flight suffers nose wheel malfunction

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The incident took place when the 9W 2882, an ATR 72-500, flight from Dehradun lost control and landed on the Left side of runway blocking the main runway for over two hours. "Jet Airways regrets the inconvenience and is making alternate travel arrangements for guests", the spokesperson added. Officials said the nose-wheel was damaged during the landing and an engineering team was dispatched to check the plane before it was safely towed away from the runway. Read More »

IMF foresees global economy accelerating to 3.5 pct

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Expansion will pick up to 3.6 percent in 2018, unchanged from the projection three months ago. While the forecast growth for many economies has been increased slightly, the 0.5% rise in predicted United Kingdom growth this year is striking - it is, by far, the biggest change made in any of the IMF's forecasts. Read More »

Saudi oil minister says production cuts may need to continue

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The GCC states are OPEC members Saudi Arabia, Kuwait, Qatar and the United Arab Emirates, in addition to Oman and Bahrain. "The market has already taken the output cut plan seriously". Brent crude rebounded after the biggest slump in six weeks as Saudi Arabia said OPEC-led supply cuts may need to be extended past June to drain bloated global crude inventories. Read More »

TalkTalk and BT named the worst of all broadband providers

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Frequent price hikes, connection drop outs, unreliable speeds and woeful levels of service when trying to contact providers all contributed to the low scores. 'It is unacceptable broadband customers remain so dissatisfied with the services they receive. "Big supports the introduction of an automatic compensation policy amongst broadband providers to ensure that customers are properly redressed for poor speeds and service". Read More »

Apple allowed to test self-driving cars

Some others on the list like Tesla, Uber and Google have already completed thousands of miles in test runs while Apple is yet to project any vehicle on public roads for test runs. Apple has not commented - other than to point to its letter late a year ago expressing an interest in the technology. Neil Cybart, from Above Avalon site said , " Apple is working on a transportation platform Instead of selling cars". Read More »

Palestinian prisoners' hunger strike leader sent to solitary

Barghouti's call for the strike has given it added credibility, with the 57-year-old serving five life sentences over his role in the violent second Palestinian intifada . "It is to be emphasised that the IPS does not negotiate with prisoners". According to Addameer, a Jerusalem-based prisoner rights group, there are now 6,500 Palestinian political prisoners held by Israel . Read More »

US Vice President Meets Indonesian President Widodo On Two Day Visit

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The trip so far has been dominated by US and allies' concerns about North Korea's nuclear and missile development efforts. Japan would begin to assume a larger role in defense of the region in coming years, Pence said, and the US would uphold its commitment to protect all Japanese territories, including the Senkaku Islands, territory counter-claimed by China in the East China Sea. Read More »

Debenhams says 10 shops at risk as it closes 11 warehouses

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A central distribution warehouse and about 10 smaller warehouses could also close. According to Press Association, the DHL warehouse employs 220 staff and will shut in two years' time, although Debenhams hopes to be able to redeploy many staff affected by the smaller warehouse closures. Read More »

FinnCap Reaffirms Corporate Rating for Independent Oil & Gas PLC (IOG)

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BP plc (NYSE:BP) traded down 0.57% on Tuesday, reaching $34.83. The institutional investor owned 6,143 shares of the oil and gas exploration company's stock at the end of the fourth quarter. Several brokerages recently issued reports on BP. Morgan Stanley reiterated a "buy" rating on shares of BP plc in a research note on Thursday, April 13th. Read More »

Norwegian to make Singapore launch in September

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Flights are now on sale from £179 one way. It will use a 344-seat Boeing 787-9 Dreamliner aircraft in a two-class configuration offering economy and premium cabins, the airport operator said. CAG's chief executive officer Lee Seow Hiang said: "With changing consumer preferences and an improvement in aircraft technology, low-priced carriers have taken the opportunity to expand into the long-haul market". Read More »