USA economic growth picks up in second quarter, wages continue to lag

From the fourth quarter of 2013 to the first quarter of 2017, real GDP increased at an annual average rate of 2.1 percent, the same as previously estimated. Consumer spending accounts for 70 percent of economic activity. Economists had expected GDP... More..

by | Published 22 days ago
BMW assembling fully electric version of the Mini in the UK
by | Friday, July 28, 2017

BMW assembling fully electric version of the Mini in the UK

BMW Group is aiming for electrified vehicles to account for between 15-25% of its sales, but regulations, incentives, and charging infrastructure will play a large role in determining how electrification is ad...More..

ICICI net dips 8% on non-interest income
by | Friday, July 28, 2017

ICICI net dips 8% on non-interest income

Net interest income (NII), or the core income a bank earns by giving loans, increased 8.36% to Rs 5,589.84 crore from Rs 5,158.52 crore previous year. It opened at Rs 303.70 and touched an intraday high and...More..

SpaceX's Falcon Heavy set for November, but will it even leave launchpad?
by | Friday, July 28, 2017

SpaceX's Falcon Heavy set for November, but will it even leave launchpad?

This summer alone has been filled with SpaceX launches, with the company completing two in one weekend in June. It was set to be launched late past year, but a Falcon 9 launchpad explosion resulted in sever...More..

Fall in United Kingdom auto production sparks calls for Brexit rethink
by | Friday, July 28, 2017

Fall in United Kingdom auto production sparks calls for Brexit rethink

For 2020, the base outlook, which assumes a Brexit deal of some form has been secured, sees United Kingdom production fall short of the goal of two million vehicles produced by that year. Given the highly integ...More..

Stocks climb as corporate profits rise, investors await Fed
by | Friday, July 28, 2017

Stocks climb as corporate profits rise, investors await Fed

The S&P 500 index eked out a meager 0.70 point rise to end at 2,477.83, with telecoms climbing 3% on the back of stronger-than-expected earnings from AT&T. In May the Fed said it would begin to wind down its ba...More..

London's Walkie Talkie building sold for £1.3bn
by | Friday, July 28, 2017

London's Walkie Talkie building sold for £1.3bn

Landsec, which owns 50 per cent of the skyscraper, announced that it had exchanged contracts with LKK Health Products Group , which forms part of the wider Lee Kum Kee Group. Designed by Raphael Vinoly the p...More..

United States Steel Corporation (NYSE:X) Earns
by | Friday, July 28, 2017

United States Steel Corporation (NYSE:X) Earns "Sell" Rating from Axiom Securities

US based company, AK Steel Holding Corporation (AKS)'s latest closing price distance was at -19.68% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -3.42% a...More..

Cantor Fitzgerald Reiterates
by | Friday, July 28, 2017

Cantor Fitzgerald Reiterates "Neutral" Rating for Twitter, Inc. (TWTR)

Norges Bank bought a new stake in Twitter during the fourth quarter worth $57,696,000. Twitter (NYSE: TWTR ) has insider ownership of 10.79% and institutional ownership of 47.45%. If you are accessing thi...More..

(ADP) Saw a 52-Week High
by | Friday, July 28, 2017

(ADP) Saw a 52-Week High

Covering sell-side analysts have recently weighed in on shares of Automatic Data Processing , Inc. Therefore 60% are positive. Automatic information Processing has a 52 week low of $85.48 and a 52 week high of...More..

JGBs tad lower after June CPI meets expectations, jobless rate trends lower
by | Friday, July 28, 2017

JGBs tad lower after June CPI meets expectations, jobless rate trends lower

So-called core-core CPI, a measure that removes energy and food prices and is more akin to core inflation readings used by other major central banks, was steady from a year earlier. Headline CPI, excluding all ...More..

Deutsche Bank AG (FRA:DBK) PT Set at €14.50 by Nord/LB
by | Friday, July 28, 2017

Deutsche Bank AG (FRA:DBK) PT Set at €14.50 by Nord/LB

The lender said it expected revenues of its operating businesses to be lower in 2017 than a year ago. Trading volume for Deutsche Bank AG was 729K by the end of trading on Thursday. Share performance for the mo...More..

Barclays sets aside £700m more for PPI claims
by | Friday, July 28, 2017

Barclays sets aside £700m more for PPI claims

The British bank's second-quarter net loss was £1.4 billion ($1.83 billion) compared with a profit of £433 million a year ago. These figures follow a restructuring which saw Barclays focus more on its core ...More..

Amazon stock falls as profit declines 77%
by | Friday, July 28, 2017

Amazon stock falls as profit declines 77%

The insider McGrath Marlene Mary sold 14,766 shares worth $2.88M. In a statement, Jeff Bezos didn't discuss the disappointing earnings, falling back instead on the company's long-standing commitment to br...More..

The Russell Investments Group Ltd. Raises Stake in Intel Corporation (NASDAQ:INTC)
by | Friday, July 28, 2017

The Russell Investments Group Ltd. Raises Stake in Intel Corporation (NASDAQ:INTC)

For the quarter, shares have been noted at -5.90%. Analysts say it nudged aside Intel in the April-June quarter as the leading maker of semiconductors, the computer chips that are as much a staple of the 21st...More..

Nifty falls below 10000, Sensex sheds almost 200 points in early trade
by | Friday, July 28, 2017

Nifty falls below 10000, Sensex sheds almost 200 points in early trade

The Sensex had also gained around 0.90% to touch 32,672.66, a life-time high. At 11:22 am, the index was trading at 32,660 level, up 278 points or 0.86 percent. Idea Cellular shares tripped 5.77% top Rs ...More..

Putting Wells Fargo & Co (WFC) Under the Microscope: Technicals Watch
by | Friday, July 28, 2017

Putting Wells Fargo & Co (WFC) Under the Microscope: Technicals Watch

The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . The Beta for the stock stands at 0.93. Gam Holding Ag invested in 1.07 million shar...More..

SoftBank linked with Uber investment
by | Friday, July 28, 2017

SoftBank linked with Uber investment

The capital from Tencent will give much-needed firepower to Ola, which has been on a fund-raising trail since past year and been wanting to get on board a heavyweight investor to offset SoftBank's dominance a...More..

FCA moots synthetic Libor as rates fallback
by | Friday, July 28, 2017

FCA moots synthetic Libor as rates fallback

Last month, the U.S.'s Alternative Reference Rates Committee, which is made up of a group of big banks and sponsored by the Federal Reserve , voted to use a benchmark based on short-term loans known as repurch...More..

Operating margin improves for Procter & Gamble
by | Friday, July 28, 2017

Operating margin improves for Procter & Gamble

Pacwest Fin Mngmt, a Arizona-based fund reported 33,229 shares. This represents a $2.76 annualized dividend and a dividend yield of 3.09%. Barclays Capital maintained the shares of MSFT in report on Wednesday...More..

Corralling Gains for Investors As Shares Pop: Verizon Communications Inc. (NYSE:VZ)
by | Friday, July 28, 2017

Corralling Gains for Investors As Shares Pop: Verizon Communications Inc. (NYSE:VZ)

Analysts reviewing Verizon Communications Inc . have recently updated their recommended buy/sell ratings and price targets on the stock. (VZ). These ratios are important while doing valuation of the company or...More..

Coke Zero gets makeover as Coke Zero Sugar
by | Friday, July 28, 2017

Coke Zero gets makeover as Coke Zero Sugar

Checchi Advisers Ltd Liability owns 0.39% invested in The Coca-Cola Co (NYSE:KO) for 69,755 shares. Following the transaction, the insider now directly owns 319,436 shares of the company's stock, valued at $1...More..

by | Friday, July 28, 2017

Starbucks signals USA caution on lower profit; closing all Teavana stores

Teavana has about 3,300 employees at stores in the United States, Canada, Mexico, Puerto Rico and the Middle East. Starbucks said displaced employees will be eligible to apply for jobs at other stores in the co...More..

Meg Whitman steps down from HP Inc board
by | Friday, July 28, 2017

Meg Whitman steps down from HP Inc board

Whitman, who is CEO of Hewlett Packard Enterprise Co ( HPE ), has served as chairwoman of HP Inc since the two companies were formed in the breakup of one of Silicon Valley's oldest firms nearly two years a...More..

Lookout for Price Target? Advanced Micro Devices, Inc. (AMD), AT&T Inc
by | Thursday, July 27, 2017

Lookout for Price Target? Advanced Micro Devices, Inc. (AMD), AT&T Inc

Canaccord Genuity analysts stated on 21/06/2017 that they maintained their Buy rating. Over the last three months, the shares of the company have changed 10.07% and performed 42.61% over the last six months. ( ...More..

Cops shoot and kill man at Central Station
by | Thursday, July 27, 2017

Cops shoot and kill man at Central Station

In the video, four gunshots sound and the man falls down on the ground. He said police had no choice but to shoot the man. He stole scissors and trashed everything. Mr Huynh said he wondered if Mokmool, who p...More..

Nigerian state governors to visit ailing president in London
by | Thursday, July 27, 2017

Nigerian state governors to visit ailing president in London

The Senate, parliament's upper house, led the way on Wednesday in backing constitutional changes that could weaken the presidency and boost the legislature, prompting a senior official in Buhari's government ...More..

by | Thursday, July 27, 2017

MGM Resorts International (NYSE:MGM) Experiences Lighter than Usual Trading Volume

About shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since July 27, 2016 and is uptrending. The Target Price for MGM Resorts International (NYSE:MGM) is $36.38/share according to the...More..

Will the MTA's Subway Rescue Plan Work?
by | Thursday, July 27, 2017

Will the MTA's Subway Rescue Plan Work?

An announcement was made in the station - which was packed with reporters who had been there for de Blasio's press conference, in which he refused to split the cost of an MTA rescue plan with the state - statin...More..

Richard Branson cedes control of Virgin Atlantic
by | Thursday, July 27, 2017

Richard Branson cedes control of Virgin Atlantic

Virgin Group, which sold a 49 per cent in the airline to U.S. carrier Delta in 2012, is now the third largest shareholder with a 20 per cent interest. It's unusual to think but Virgin Atlantic has now been flyi...More..