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Snapchat Stock Tanks. Shaves $1 Billion From Evan Spiegel's Net Worth

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Analysts were only anticipating a loss per share of $0.19. ILLEGAL ACTIVITY WARNING: "Snap Inc ( SNAP ) Releases Earnings Results, Misses Expectations By $0.26 EPS" was first reported by BBNS and is owned by of BBNS. Originally launched by Snapchat , the "Stories" feature shows photos and videos shared in chronological order that disappear after 24 hours. The company said Snapchat added 8 million active users during the quarter, upping its base to 166 million. Read More »

(MSFT) to Post $0.69 EPS

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During the same quarter in the prior year, the company earned $0.62 EPS. Zacks' sales averages are an average based on a survey of sell-side research firms that follow Microsoft. Ltd. increased its position in Microsoft by 791.3% in the fourth quarter. Year to date (YTD) refers to the period beginning the first day of the current calendar or fiscal year up to the current date. Read More »

EasyJet reports half year loss due to weak sterling

Losses over the winter rose to £236 million pre-tax, worse than the £153 million half-year loss at the airline during her first year as chief executive in 2010. Despite the large headline loss, Chief Executive Carolyn McCall said that bookings for the summer were ahead of a year ago, pricing pressures in the sector were easing and cost-control had been good. Read More »

Crude inventories drop sharply, as imports decline

OPEC member Libya said production exceeded 800,000 barrels per day (bpd) for the first time since 2014 and could rise to 1.2 million bpd later this year. Crude inventories USOILC=ECI fell 5.2 million barrels in the week to May 5, the U.S. Energy Information Administration said, compared with expectations for a decrease of 1.8 million barrels. Read More »

Macron wins Merkel backing for bid to shake up Europe

In his first speech, the new president made clear his position and the direction his new government will take: "the world and Europe today need, more than ever, a strong France , sure of its destiny, who carries the voice of freedom, who knows how to create the future". Read More »

Investec Capital Gives Bank Of Georgia Price Target With Potential -89.18% Downside

Panmure Gordon reaffirmed a "buy" rating and issued a GBX 326 ($4.21) price target on shares of Blancco Technology Group PLC in a research note on Tuesday, March 14th. The last stock close price is up 5.07% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. It has underperformed by 18.81% the S&P500. Read More »

France's President, Macron Appoints Philippe As Prime Minister

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The announcement comes a day after Mr Macron was inaugurated as France's youngest ever president in a ceremony in Paris . Philippe, 46, is now mayor of France' northwestern city of Le Havre and a conservative lawmaker since 2012. The former banker meets Merkel a day after her conservatives won a regional vote in Germany's most populous state. Shortly after Philippe's appointment, Macron was scheduled to travel to Berlin on his first foreign trip as French leader. Read More »

United Kingdom inflation climbs to 2.7% - largest YoY rise since 2007

Retail inflation rose 2.99 per cent, as against a market estimate of 3.3 per cent, in April on a convergence of local and global factors which included arrival of the winter crops in the market and drop in oil prices. "The upward effect for transport came mainly from air fares, with a rise of 18.6% reflecting the usual pattern of increasing prices around Easter". Read More »

Elliott wants a review of BHP petroleum

The average twelve-month price objective among brokerages that have covered the stock in the a year ago is GBX 1,270.11 ($16.39). 'We reject both claims, ' BHP said in a statement, adding it will review Elliott's revised proposal in full and formally respond as appropriate. Read More »

Britain's Vodafone reports net loss of €6.1 bil

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It predicted organic adjusted core earnings growth of 4-8 percent and free cash flow of about 5 billion euros, up from 4.1 billion euros in the previous year. The Indian market faces cut-throat competition with a number of rivals offering low tariffs after the entry into the market of the Reliance Industries conglomerate. Read More »

Oil rises as countries join OPEC cuts, USA inventory falls

Prices have been under pressure from rising United States output and concerns that Opec and supportive nations such as Russian Federation could extend production cuts agreed previous year. BMI said that "continued output growth. particularly in the US" would cap price upside gains from the supply cuts, adding that it expected average 2017 prices of $57 a barrel for Brent and of $53.75 a barrel for WTI. Read More »

WannaCry ransomware attack: How safe is your ATM?

Among the organisations targeted worldwide have been Germany's rail network Deutsche Bahn, Spanish telecommunications operator Telefonica, US logistics giant FedEx and Russia's interior ministry. The company said the virus has been localized and "technical work is underway to destroy it and update the antivirus protection". Eleven health boards as well as NHS National Services and the Scottish Ambulance Service were affected in an unprecedented cyber attack which hit scores of countries ... Read More »

Merkel wants to rekindle EU spark in first date with Macron

France's far-left leader Jean-Luc Melenchon, hoping to turn his strong showing in the presidential campaign into seats in parliament, has reacted with hostility to Edouard Philippe's appointment as prime minister. Philippe's age reinforced the generational shift in France's corridors of power and the image of youthful vigor that Macron is cultivating. French far-left leader Jean-Luc Melenchon, who won almost 20 percent of the vote in the first round of the presidential election, also ... Read More »

Oil prices rise on expectation of extended crude supply cut

Oil prices moved higher on Monday on market expectations that a cut in crude output may be extended and a global oil supply glut may shrink. What has proved to be a double whammy for OPEC is the fall in global commodity markets triggered by recent Chinese manufacturing surveys. Read More »

Oil Tumbles to Five-Month Low as U.S. Production Builds

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US crude stockpiles have fallen in the last four weeks, but remain near an all-time high set in March. Both benchmarks pared losses after Saudi Arabia's OPEC Governor Adeeb Al-Aama told Reuters that OPEC and non-OPEC nations were close to agreeing to extend a deal to curb production by 1.8 million barrels per day (bpd) for six months from January 1. Read More »

Lyft, Waymo Sign Collaboration Deal On Self-driving Cars

So Levandowski can either give up his rights under the Fifth Amendment and open himself to a Waymo lawsuit and a criminal charge, or he can stick with the protection afforded by the Fifth and refuse to obey a direction from Uber to hand over the files which risks him getting sacked by Uber. Read More »

Putin warns against retaliation for North Korea missile launch

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North Korea launched a ballistic missile from the northwestern part of the country early Sunday, the South Korean Joints Chief of Staff said. Russian President Vladimir Putin said on Monday that Russia meant to deal seriously and systemically with Arctic development issues. Read More »

Western Digital seeks arbitration on Toshiba chips unit sale

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Western Digital said several of its businesses are taking Toshiba to the International Court of Arbitration. Toshiba is probably in the wrong, he thinks, in bypassing Western's right to consent to any Toshiba moves. The latest delay comes as one of Japan's best-known firms grapples with claims of financial misconduct at money-losing United States nuclear unit Westinghouse Electric, which is sitting in bankruptcy protection. Read More »

Hospitals remain key targets as ransomware attacks expected to increase

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The callers will now claim that you've been infected with the WannaCry ransomware, or are vulnerable to it. The Computer Emergency Response Team of India (CERT-In), a nodal agency, issued a critical alert on Sunday to all organizations, including banks, asking them to take precautionary measures against the ransomware. Read More »

Australian millionaire scolds millennials for spending all their money on avocado toast

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One of those reasons is avocado toast. "(They) saved every dollar, did everything they could to get up the property investment ladder". Young people "want to eat out every day, they want to travel to Europe every year", Gurner said. Asked if he believes young people will never own a home, he responded: "Absolutely, when you're spending $40 a day on smashed avocados and coffees and not working". Read More »

Arsenal boss Arsene Wenger hails 'invention' of Alexis Sanchez

As it stands, Arsenal have scored three fewer goals than Liverpool, while both teams have conceded the same amount. He's always a slow starter and gets stronger and stronger. Thankfully the injury isn't serious and the French global was able to take part in training on Tuesday so Wenger says the centre-back now has a chance to return to the squad tomorrow . Read More »

Italy rescues 480 migrants, recovers seven bodies

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Over 480 asylum seekers and refugees were rescued in the Mediterranean on Saturday as they attempted the perilous crossing from north Africa, with seven bodies also recovered, Italy's coastguard said on Sunday. Human traffickers appear to be running rampant and smugglers often extort money and hold people for ransom. "If we don't resolve Southern Libya's problems, we will not resolve the migrant issue", Abdulsalam Kajman, vice president in the UN-backed government headed by Fayez Seraj, ... Read More »