Economy

Economy At Least 10 People Injured in Mount Etna Eruption
Author: 0 At Least 10 People Injured in Mount Etna Eruption

She said the experience was extremely scary . Europe's biggest active volcano burst into life on Thursday, according to a BBC journalist and others caught up in a terrifying drama on the upper slopes. Authorities said about 35 tourists were in an area they had permission to enter on the volcano, when the explosion occurred about midday on Thursday (local time).

Economy Pandora Premium: New Service Aims To Compete With Spotify, SoundCloud
Author: 0 Pandora Premium: New Service Aims To Compete With Spotify, SoundCloud

Pandora Premium is an on-demand music streaming service in the same vein as Spotify and Apple Music . The Premium services will launch for some users on a trial basis this Thursday and to everyone else in the "coming weeks". "That's why they spend more time with Pandora than any other music service", said Tim Westergren, founder and CEO of Pandora . Each of these features is likely to limit the pain points in transitioning to the new service in Wedbush's view, as the primary obstacle for ...

Economy Valeant Pharmaceuticals: What Was Bill Ackman Thinking?
Author: 0 Valeant Pharmaceuticals: What Was Bill Ackman Thinking?

Valeant represented 1.5% to 3% of Pershing's fund. Pershing was instrumental in filling out Valeant's management team. This has been his biggest loser since launching his fund in 2004. The Company Touched its 52-Week High on Mar 14, 2016 and 52-Week Low on Mar 7, 2017. The company reported its EPS on 02/28/2017. The company maintains price to book ratio of 0.85.

Economy Elon Musk has a crazily ambitious plan to fix Australia's electricity
Author: 0 Elon Musk has a crazily ambitious plan to fix Australia's electricity

It was at that point that Mr Musk, the South African-born Tesla chief, doubled down and shot a tweet confirming the 100 day boast and ending with: "That serious enough for you?" Tesla's vice-president for energy products, Lyndon Rive, yesterday announced that Tesla would be capable of fixing South Australia's electricity problems "within 100 days" if asked.

Economy Is there Upside to Ford Motor Company (NYSE:F) Stock?
Author: 0 Is there Upside to Ford Motor Company (NYSE:F) Stock?

According to Thomson Reuters, analysts are projecting a consensus target price of $13.31 on company shares. Ford Motor Company F showed a Day High of -4.59% in today's Market that also showed a Day Low of 4.81%. Franklin Resources Inc. raised its stake in shares of Ford Motor Company by 26.7% in the fourth quarter. General Motors' shares declined 0.84 percent to close at $37.91 a share on Monday.

Economy China to deliver economic report card at lawmakers' meeting
Author: 0 China to deliver economic report card at lawmakers' meeting

The Chinese economy slowed to a growth rate of 6.7 percent previous year, the lowest since 1990 as Beijing acts to transform its export-driven economy to a more stable, consumer-led model. China will also cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, the commission said. China is trying to pivot from hyper-fast growth based on investment, heavily-polluting industries, and exports towards a steadier consumer-driven model.

Author: 0 PSA Group, General Motors reportedly strike a deal over Opel

GM's European business has failed to book a profit since 1999 . PSA will have the second most market share in Europe, behind Volkswagen, after its acquisition of Opel. "There was also recognition that members of the Vauxhall pension fund will be no worse off". The sale could threaten the jobs of 4,500 workers at Vauxhall's plants at Ellesmere Port and Luton.

Author: 0 Fed Hike Aftermath Series: Rate hike expectations fast forwarded

The index climbed to 101.97 on Wednesday, its highest since January 11. The euro rebounded from recent weakness to rise 0.93 percent against the dollar after a poll showed French far-right candidate Marine Le Pen's chances in the country's presidential election dimming.

Economy Pence swears in Rick Perry as Energy Secretary
Author: 0 Pence swears in Rick Perry as Energy Secretary

The Senate voted 62-37 Thursday to confirm Perry as energy secretary, the Washington Post reports . Perry, who once pledged to eliminate the department, has repeatedly promised be an advocate for the agency and to protect the nation's nuclear stockpile.

Author: 0 FCC suspends part of ISP privacy rules

The rules, which were scheduled to take effect on Thursday, aimed to protect personal consumer data. "Today's FCC action to issue a temporary stay of the data security regulation is a welcome recognition that consumers benefit most when privacy protections are consistently applied throughout the internet ecosystem", the group said in a statement.

Author: 0 Oil Price Climbs As OPEC Members Stick To Production Cut

US crude stockpiles rose 1.5 million barrels last week, the Energy Information Administration reported Wednesday. Crude oil imports were averaging 1.327 million barrels per day for four weeks ending last February 24, it was 37% higher on a year-on-year basis and 39% higher since last December before OPEC cuts were executed.

Author: 0 Marathon Oil Corporation (NYSE:MRO)

EPS ratio determined by looking at last 12 month figures is -2.6. Moreover, UBS issued Downgrade rating for the stock on 13-Dec-16. Marathon Oil Corporation's (MRO ) stock price escalated 0.95% to finalize at $16.00 throughout previous buying and selling session.

Economy Best Buy slump takes toll on stock
Author: 0 Best Buy slump takes toll on stock

Shares fell as much as 10% to $39.70 in premarket trading before paring much of that decline. Analysts expected earnings of $1.67 per share on sales of $13.62 billion for the quarter. In order to execute the two-year $3 billion share repurchase plan, the board of directors approved a new $5 billion share repurchase authorization for the company's common stock, superseding the existing authorization dated June 2011 which had $2.2 billion in purchases remaining.

Economy Dow streak of record closes ends at 12
Author: 0 Dow streak of record closes ends at 12

Morgan Private Bank. Today's gains precede Pres. Trump's highly anticipated address tomorrow night in front of a joint session of Congress, where investors hope he will offer more details on his business-friendly policies. Investors have also cheered data confirming an economic recovery in Europe and a turn around in company earnings. The S&P 500 similarly is at a record.

Economy Education Secretary Betsy Devos reportedly wanted to keep transgender guidance
Author: 0 Education Secretary Betsy Devos reportedly wanted to keep transgender guidance

Knowing the importance of free lunch programs, many Twitter users criticized DeVos' statement as "ignorant" and chastised her for using a reality faced by so many children in poverty as a punchline for a joke. The campaign is created to encourage and aid the filing of complaints concerning school anti-transgender discrimination with the Department of Education's Office of Civil Rights.

Author: 0 Hewlett Packard Enterprise Company (NYSE:HPE) cut full-year profit forecast

The stock has added about 8.1% since it reported its last earnings. LLC raised its position in shares of Hewlett Packard Enterprise Company by 2,135.3% in the third quarter. The company's quarterly revenue was down 10.4% on a year-over-year basis. As earning per share serves as an indicator for company's profitability, analyst have given their estimate trends for the next year with quarterly estimate of $1.30.

Economy John Lewis to axe 387 jobs amid 'structural change'
Author: 0 John Lewis to axe 387 jobs amid 'structural change'

Earlier this month it was revealed that 500 jobs at Waitrose, which is also owned by the partnership, were in jeopardy as the grocer planned cut an entire level of management as well as close five of stores. This model uses a centrally created menu which requires less on-site preparation. The company said the new model would enable it to change its menu more regularly to keep up with trends and better meet the dietary requirements of customers and give a more consistent offering across all ...

Author: 0 Short Interest in Oasis Petroleum Inc. (OAS) Declines By 7.7%

The high end target price has shares touching $21 and the low end target estimate has the stock moving to $11 within the year. Other firms include Williams Capital Group giving Hold rating on 3-Jan-17. Advisory Services Network LLC now owns 13,700 shares of the company's stock valued at $128,000 after buying an additional 1,300 shares in the last quarter.

Economy RBS posts $8.7 billion loss in ninth straight year without a profit
Author: 0 RBS posts $8.7 billion loss in ninth straight year without a profit

The results come after the bailed-out lender recently booked a £3.1-billion charge for its upcoming settlement with U.S. authorities for mis-sold mortgage-backed securities. The bank is now trying to slash costs by £2 billion ($2.5 billion) before the end of the decade. This includes the £750m cost for the new Williams & Glyn plan unveiled last week.

Author: 0 Burger King owner to buy Popeye's for $1.8B

In Popeyes , Restaurant Brands is getting a food group not now represented in its existing brand portfolio - southern fried chicken and biscuits - and a 2,600-store footprint that is 98% franchised. Building on the momentum of recent years, RBI plans to continue developing the brand at an increasing pace in the US and global markets in the years to come.

Author: 0 Mnuchin expects 'significant' tax reform by August

Don't count on the Trump administration getting comprehensive tax reform done, former U.S. Deputy Treasury Secretary Robert Altman told CNBC on Thursday. The International Monetary Fund last month projected growth of 1.9 percent this year and two percent in 2018, but said the outlook could change based on the tax and spending policies being discussed.

Economy The Kraft Heinz Company (KHC) Stock Rating Lowered by Vetr Inc
Author: 0 The Kraft Heinz Company (KHC) Stock Rating Lowered by Vetr Inc

Unilever's fourth quarter results showed emerging markets sales growth was 6.5%, with prices up 5.4% and the rest from an increase in sales volume. Analysts estimated $0.81/share for the previous Quarter, where The Kraft Heinz Company (NASDAQ:KHC) reported Actual EPS of $0.86/share with the difference of 0.05 percent and a surprise of 6.2 percent.

Author: 0 ISIS releases 'proof' it fired rockets on Israel

In a statement on social media, the group said it had fired two Katyusha rockets at "southern Palestine", according to the Walla news site. On Monday Defense Minister Avigdor Liberman called the jihadist group on Israel's southern border "annoying" and "hindersome", dismissing the threat they pose.

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