Finance

Ola Set to Counter Uber by Raising $2 Billion From SoftBank, Tencent

Ola Set to Counter Uber by Raising $2 Billion From SoftBank, Tencent Chinese internet giant has concluded a United States dollars 2 billion fund raising from Tencent , Japan's SoftBank and other US-based investors, according to multiple news reports . Earlier, in November 2016 , SoftBank had invested $250 million in Ola. Uber also announced earlier this year that it was exiting direct operations in Russian Federation, having sold its business there to local ... [Full Article...]

Lookout for Price Target? Under Armour, Inc. (UA), Celgene Corporation (CELG)

Finally, William Blair reaffirmed an "outperform" rating on shares of Celgene Corporation in a report on Monday, June 26th. As per Friday, July 14, the company rating was maintained by Barclays Capital. The company has market cap of $638.22 million. It has a 13.58 P/E ratio. It is focused on products to treat patients with spine disorders. Following the completion of the transaction, the insider... [Full Article...]

Gilead Sciences, Inc. (NASDAQ:GILD) Experiences Heavy Trading Volume

Next year this decline will reach -17.13% to attain $7.11. Currently, 1.3 billion total shares are owned by the public and among those 1.3 billion shares have been available to trade. Provident Inv Mngmt Inc has invested 4.85% in Gilead Sciences, Inc . Skyline Asset Management Lp sold 6,900 shares as Zebra Technologies Corp (ZBRA)'s stock rose 14.52%. [Full Article...]

Equifax hack even worse than predicted

Equifax hack even worse than predicted As a result, "the vulnerability remained in an Equifax web application much longer than it should have", Smith said. But in this case, it wasn't. Smith's prepared remarks to a congressional subcommittee, published online Monday , are the most substantive yet by an Equifax official since the cyber-theft was made public September 7. [Full Article...]

Cisco Systems, Inc. (CSCO) Consensus Earnings Estimates

What Historical Figures Say About Cisco Systems, Inc . Thanks to an increase of nearly 10.73% in the past one month, the stock price is now with underperforming -3.07% so far on the year - still in weak zone. (NASDAQ: CSCO ). Alpine Woods Invsts Ltd Com reported 0.59% stake. Pggm Investments invested 0.69% of its portfolio in PepsiCo, Inc. (NASDAQ: CSCO ) to report earnings on November, 15. [Full Article...]

Royal Dutch Shell plc (RDS-B): Technicals in Focus

Royal Dutch Shell plc (RDS-B): Technicals in Focus Royal Dutch Shell plc (RDS-A) has made its way to a 12-month gain of 21.82%. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Amateur traders tend to put too much at risk which can increase frustration during an extended losing streak. Any trader, regardless of skill level or expertise, can use the cloud to quickly and efficie... [Full Article...]

Utah Retirement Systems Lowers Stake in Goldman Sachs Group, Inc. (The) (GS)

Utah Retirement Systems Lowers Stake in Goldman Sachs Group, Inc. (The) (GS) Hedge funds and other institutional investors own 73.31% of the company's stock. State Street Corp holds 0.44% or 22.42M shares in its portfolio. The Fmr Llc holds 9.81 million shares with $2.18 billion value, down from 11.00M last quarter. [Full Article...]

Comcast Corporation 5.00% Notes (NYSE:CCV) Sees Significantly Lower Trading Volume

The Company has two primary businesses: Comcast Cable and NBCUniversal. It has outperformed by 12.26% the S&P500. Following the completion of the transaction, the senior vice president now owns 725 shares of the company's stock, valued at $28,717.25. [Full Article...]

Oil Falls on Production Surge

But the December contract for Brent is now trading $3 below the two-year high it achieved last Monday when it hit its highest settlement since July 2015 and closed at $59.02 a barrel. Lower global production costs, considerable USA shale growth potential and shale's ability to quickly respond to changing market conditions should keep average annual oil prices below US$60 a barrel in the long term,... [Full Article...]

Nothing Is More Important Than Profitability: Mylan NV (MYL), Wells Fargo & Company

Nothing Is More Important Than Profitability: Mylan NV (MYL), Wells Fargo & Company About 5.68 million shares traded. Wells Fargo &'s quarterly revenue was up.2% compared to the same quarter past year. It has underperformed by 2.50% the S&P500. The rating was maintained by Keefe Bruyette & Woods on Friday, August 25 with "Buy". Credit Suisse maintained the shares of KR in report on Friday, January 22 with "Neutral" rating. [Full Article...]

Tesla has only produced 260 Model 3s so far

Tesla has only produced 260 Model 3s so far While Tesla has struggled to meet early production ramp ups for all of its vehicles in the past, the Model 3 in particular has extremely aggressive manufacturing goals. Tesla Inc. badly missed its goal of building 1,500 Model 3 vehicle in the third quarter, the first sign that the production ramp-up for the new sedan isn't going as smoothly as planned. [Full Article...]

Valero Energy Corporation (NYSE:VLO) Shares Sold by Investec Asset Management LTD

Lane . The shares were sold at an average price of $75.86, for a total value of $49,764.16. The counter witnessed a trading volume of 4.41 million shares versus an average volume of 3.7 million shares during last trading session. Wilsey Asset Management invested in 9.04% or 185,411 shares. South Texas Money Ltd holds 3,222 shares. New York-based Morgan Stanley has invested 0.11% in Valero Energy... [Full Article...]

Tech titan Oracle launches enterprise-grade blockchain cloud service

Tech titan Oracle launches enterprise-grade blockchain cloud service In addition to pushing its cloud infrastructure , the company is also now emphasizing the importance of its cloud-based applications, and it recently chose to only give certain compensation to its top executives if it met goals around cloud growth. [Full Article...]

Reserve Bank keeps interest rates at record low of 1.5pc

Reserve Bank keeps interest rates at record low of 1.5pc The decision was widely expected, with the market pricing in no chance of a move ahead of the meeting, and none of the leading market economists forecasting a change. " CoreLogic's hedonic home value index reported the first month-on-month decline in Sydney dwelling values since March a year ago when the previous round of APRA regulatory changes were flowing through to credit policies and reducin... [Full Article...]

Dong Energy to change its name to Orsted

Dong Energy to change its name to Orsted With our own transformation, we fully support the change to green energy", Thomas Thune Andersen concluded. "The time is now right for us to change our name to demonstrate that we want to help create such a world". The new name references Danish scientist Hans Christian Orsted, who spearheaded the discovery of electromagnetism. "We've undertaken significant efforts to find the right name and brand... [Full Article...]

Manufacturing Index Surged to Thirteen-Year High in September

Manufacturing Index Surged to Thirteen-Year High in September On the other hand, British manufacturing growth cooled last month, according to IHS Markit's monthly purchasing-manager survey, as cost pressures lurched higher, findings that could put the Bank of England (BOE) a step closer to raising interest rates, despite a murky outlook ahead of Brexit. [Full Article...]

GW Pharmaceuticals (GWPH) Shares Cross Above 200 DMA

GW Pharmaceuticals (GWPH) Shares Cross Above 200 DMA Therefore 83% are positive. According to Zacks , analysts expect that GW Pharmaceuticals PLC will report full-year earnings of ($5.99) per share for the current financial year, with EPS estimates ranging from ($6.66) to ($5.04). The company's market cap is $2.57 billion. Analysts anticipate that GW Pharmaceuticals PLC will post ($5.94) earnings per share for the current year. [Full Article...]

GM will have 20 electric auto models on the road by 2023

GM will have 20 electric auto models on the road by 2023 GM appears to be moving away from hybrids, as well as plug-ins like the Chevy Volt. GM, with its Bolt EV battery-powered vehicle and its Volt plug-in hybrid, is pushing into an increasingly competitive space while facing an uncertain sales future. [Full Article...]

Sisters Food Group suspends factory amid food hygiene row

Sisters Food Group suspends factory amid food hygiene row It produces a third of all poultry products consumed in the United Kingdom, supplying supermarkets Tesco, Sainsbury's, Aldi, Lidl and Marks & Spencer. All staff will remain on full pay and take part in training on site, it added. A spokesman for Tesco said its initial investigation supported the Food Standards Agency's findings that there was no current evidence of breach of food safety procedur... [Full Article...]

Nissan to recall 1.2 mil

Nissan to recall 1.2 mil He estimated the recalls and re-inspections would cost Nissan about 25 billion yen ($222 million), but stressed final costs were still unclear. The automaker reports in a news release that the affected vehicles were manufactured between October 2014 and September 2017. [Full Article...]


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