Sunday, 20 January 2019
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Boeing cleared to fly the 737 Max, delivers first jet


Boeing suspended 737 Max test flights "out of an abundance of caution" on May 5, after CFM notified it of a potential "quality escape" involving low-pressure turbine discs in certain Leap-1Bs delivered to the airframer. That kicked off the start of more than 3,700 Max deliveries that are slated to stretch well into the next decade. The Airbus plane entered service 15 months ago, though deliveries of that jet have been severely curtailed by prolonged, ongoing performance problems with a ... Read More »

Zacks Investment Research Upgrades Symantec Co. (SYMC) to "Hold"


SYMC has been the topic of several recent analyst reports. IFP Advisors Inc raised its stake in Symantec by 0.3% in the first quarter. Symantec's quarterly revenue was up 34.7% compared to the same quarter past year. The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. They have a dividend yield of 1.00% and a 5 year dividend growth rate of 0.00%. Read More »

Starbucks customers say outage leads to free drinks


Some Starbucks customers looking for their cup of Joe Tuesday morning were out of luck. He said tech updates "can be tricky sometimes". "A limited number of locations remain offline, and we are working swiftly to resume full operations in each of these stores", Starbucks added. Read More »

Speeding Amtrak driver charged in 2015 crash that killed 8

In a hearing with families of those involved in that crash, Judge Marsha Neifield ordered that Brandon Bostian, who drove the train at speeds of up to 106 miles per hour - almost twice the posted limit - in the lead up to the fatal crash on May 12, 2015, be charged with involuntary manslaughter and reckless endangerment. Read More »

Stocks Alert Mattel, Inc. (NASDAQ:MAT), Laredo Petroleum Inc (NYSE:LPI)

Sailingstone Capital Partners Llc who had been investing in Laredo Petroleum Inc for a number of months, seems to be less bullish one the $3.09B market cap company. The correct version of this story can be accessed at Read More »

Goldman Sachs Group Inc Reiterates Buy Rating for Ascential PLC (ASCL)

Panmure Gordon reiterated a buy rating and set a GBX 325 ($4.20) price objective on shares of On The Beach Group PLC in a research note on Thursday, February 2nd. Foxtons Group PLC ( LON:FOXT ) traded down 0.94% during trading on Monday, reaching GBX 105.00. On Monday, April 10th, Graeme Pitkethly bought 3 shares of Unilever plc stock. Read More »

Teen clothing retailer Rue 21 restructuring under Chapter 11


The restructuring is an important step forward in rue21's ongoing business transformation into a more focused and highly performing retailer. For traditional bricks-and-mortar retailers, this is not good news. The company, a wholly owned subsidiary of Rhodes Holdco Inc., said it had $832 million in funded debt in a credit facility, term loans and notes, with the first round maturing in October 2018. Read More »

Bank of England says rates may need to rise before late 2019

Britain's economy was one of the best performing major advanced economies a year ago, wrongfooting the BoE and most other forecasters who predicted that voting to leave the European Union would send the economy into a tailspin. The Pound has dropped by -0.4% against the Euro today, following cautious announcements from the Bank of England (BoE). The Bank of England on Thursday held its main interest rate at a record low 0.25 percent and crimped its economic growth forecast as Brexit ... Read More »

Cyber Attack: What You Need To Know Today


Ciaran Martin, chief executive of the National Cyber Security Centre, said the outbreak could continue to infect more systems and other victims may emerge. "We haven't fully dodged this bullet at all until we're patched against the vulnerability itself", Kalember said. Officials across the globe scrambled over the weekend to catch the culprits behind a massive ransomware worm that disrupted operations at vehicle factories, hospitals, shops and schools, while Microsoft yesterday pinned ... Read More »

Banged-up Penguins march on vs Senators as injuries mount


Additionally, Trevor Daley has yet to play in the Eastern Conference Finals and the Penguins could be without Justin Schultz for some time, depending on how severe his shoulder injury is that he sustained in Game 2. But, to their credit, they refuse to use it as an excuse. "It's hard to get to the net against these guys", Penguins centre Nick Bonino said. "We always find a way to win, even when we lose guys". Read More »

Digging Up the Facts on F.N.B. Corporation (FNB)

Corp's Q3 2017 earnings at $0.25 EPS, FY2017 earnings at $0.96 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.09 EPS. Finally, Royal Bank of Canada reaffirmed a "hold" rating and set a $17.00 price objective on shares of F.N.B. Corp and gave the company a "hold" rating in a report on Tuesday, April 4th. Read More »

Penguins' power play in spotlight heading into Game 2 against Senators

Consider the message delivered. "I catch an edge, it's in the net". Puck luck just wasn't on the Penguins' side in Game 1, and though Anderson is a force to be reckoned with, seemingly motivated by the tragic events happening in his personal life, Pittsburgh will find success if they keep hurling great shots on net. Read More »

Trump Says He Has The Right To Share Facts With Russia


The "story that came out tonight as reported is false", White House National Security Adviser H.R. McMaster said at a hastily arranged appearance outside the White House on Monday. Jordan says King Abdullah II is to speak by phone Tuesday with President Donald Trump. The revelation also prompted cries of hypocrisy. Trump repeatedly assailed his Democratic rival in the presidential election, Hillary Clinton , for her handling of classified information by email while she was secretary ... Read More »

Sina Corporation (NASDAQ:SINA) Valuation According To Analysts

Analysts giving shares a rating of 1 or 2 would be indicating a Buy. They issued a "buy" rating and a $110.00 price target on the stock . "Our relentless focus to build the best social media experience in China is reflected in Weibo's strong performance in the first quarter of 2017, with revenues growing 67% year over year, or 76% on a constant currency basis, adjusted EBITDA margin reaching 35% and MAUs reaching 340 million", said Gaofei Wang, Weibo's CEO. Read More »

Oil rises on expectation that output cut will be extended

The contracts closed 98 cents and $1.01 higher Monday, buoyed by Saudi Arabia and Russian Federation saying they were willing to do "whatever it takes" to bring global oil inventories back to their fiveyear range. But oil at above Dollars 50 a barrel has, in turn, attracted higher-cost producers in the United States back to the market, and frantic American drilling will push non-OPEC supply throughout the year, the IEA predicted. Read More »

Oil market 'almost balanced' despite rising US supply: IEA

Putin, speaking in Beijing, said extending the output cuts was the right thing to do. Kuwait said on Tuesday that it was also supporting the 9-month cuts extension. The compliance rate with that agreement "has generally been strong", the IEA said. "Crude production was down 535,000 barrels per day compared to April 2016". Read More »

Trump defends his 'absolute right' to share information with Russians

He said that as "an intelligence officer by training, I know firsthand the life and death implications of safeguarding classified information". "As President I wanted to share with Russian Federation (at an openly scheduled W.H. Trump's national security adviser, H.R. McMaster, called the story "false" on Monday. But Mr McMaster said on Tuesday that the president "wasn't even aware where this information came from" and "wasn't briefed on the sources and methods". Read More »