Business


Shell cuts interest in Woodside Petroleum to just under 5%
- November 13, 2017

Royal Dutch Shell PLC (RDSA.LN) said Monday that it is selling 71.6 million shares in Woodside Petroleum Ltd. (WPL.AU) for 31.10 Australian dollars ($23.78) a share, raising A$2.2 billion as it seeks to lower its debt mountain. Shell's share price has jumped in London in today's session, having added 1.24 percent to 2,448.00p as of 10:10 GMT, outperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.20 percent higher at 7,447.49 points. (more...)
Ride-hailing service Lyft expanding to Toronto market
- November 13, 2017

Lyft will serve the Greater Toronto and Hamilton Area and plans to launch by the end of the year. When service begins, Lyft hopes to have enough drivers to respond to ride requests in two-to-three minutes as it does in major US cities. Uber has 40 million customers worldwide. The company is also beginning to sign up potential drivers now in advance of its rollout of its service. (more...)
Brookfield wants to buy mall-owner GGP for $14.8 billion Brookfield wants to buy mall-owner GGP for $14.8 billion
- November 13, 2017

The company discussed a premium of almost 10% to 15% over the share price of GGP during the starting week of November this year till both the firms reached a consensus on the offer of United States dollars 23 per share to the GGP. This buyback authorization permits the utilities provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued. (more...)
Iranian light crude breaks $60 mark
- November 13, 2017

In the week ahead, monthly reports from the Organization of Petroleum Exporting Counties on Monday and the International Energy Agency on Tuesday will be closely-watched to assess global oil supply and demand levels. "The Oil markets are still feeling uncertain about the price recovery because global crude inventories are still well above the five-year average", said Sean Evers, Managing Partner, Gulf Intelligence. (more...)
OPEC head says oil cuts 'only viable option' to stabilize market OPEC head says oil cuts 'only viable option' to stabilize market
- November 13, 2017

Stockpiles have declined by more than 180 million barrels this year alone, he said. The Organization of the Petroleum Exporting Countries, plus Russian Federation and nine other producers, are cutting output by about 1.8 million barrels per day until March in an attempt to eradicate a glut, and are considering extending the deal for longer. (more...)
Innogy books €480m impairment charge on Npower Innogy books €480m impairment charge on Npower
- November 13, 2017

Innogy said the planned tie-up did not impact its assessment of the impairment charge. Both firms last week said they were planning to combine their local supply units in Britain, responding to dwindling customer numbers and a looming retail energy price cap proposed by the government. (more...)
Bill Gates is building a Bill Gates is building a "smart city" in Arizona
- November 13, 2017

One of Bill Gates' investment groups has bought 25,000 acres of land in a remote area in Arizona. Mr Gates' decision to build his new city in Arizona will be a major boost for the state which has lifted many rules on self-driving vehicles to become a tech hub. (more...)
LLC Has $10.74 Million Holdings in Amazon.com, Inc
- November 13, 2017

Also, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction dated Tuesday, August 22nd. Amazon.com (AMZN) traded down $3.78 on Friday, hitting $1,125.35. (NASDAQ:AMZN) or 800 shares. KeyBanc Capital Markets maintained Amazon.com, Inc. (NASDAQ:AMZN). Jennison Assocs Limited owns 3.52 million shares. Herald Invest invested 0.66% in Amazon.com, Inc. (more...)
Royal Dutch Shell plc (RDSA) Rating Reiterated by Credit Suisse Group Royal Dutch Shell plc (RDSA) Rating Reiterated by Credit Suisse Group
- November 13, 2017

Ichimoku Kinko Hyo is a visual technical analysis system and the charts are created to be considered in their entirety, with regard given to the relationships between all of the elements, including the price. Normal oscillations tend to stay in the range of -100 to +100. If the indicator travels under -80, this may signal that the stock is oversold. During the same quarter in the prior year, the business posted $0.70 EPS. (more...)
Shore Capital Reaffirms Shore Capital Reaffirms "Buy" Rating for Ladbrokes Coral Group PLC (LCL)
- November 13, 2017

They presently have a GBX 170 ($2.16) target price on the casino operator's stock. Finally, Shore Capital reiterated a buy rating on shares of Ladbrokes Coral Group PLC in a research report on Thursday, August 31st. Ladbrokes and Gala Coral merged past year to create the company in its current form. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/11/13/ladbrokes-coral-group-plc-lcl-receives-buy-rating-from-peel-hunt.html. (more...)
Baxter International Inc. (BAX) Releases Q4 Earnings Guidance
- November 13, 2017

Tweedy Browne Company Llc sold 23,911 shares as Baxter International Inc (BAX)'s stock rose 15.04%. Perkins Capital Management Incorporated stated it has 3,500 shares or 0.24% of all its holdings. The company was maintained on Wednesday, October 26 by RBC Capital Markets. Baxter International presently has a consensus rating of "Buy" and an average target price of $67.00. (more...)
Preferred Apartment Communities Inc. (APTS) Downgraded by BidaskClub
- November 13, 2017

Massachusetts Financial Services Company who had been investing in Mid Amer Apt Cmntys Inc for a number of months, seems to be bullish on the $11.98 billion market cap company. Investors sentiment decreased to 1.07 in 2017 Q2. Duff & Phelps Investment Management Co. owned about 0.18% of Mid-America Apartment Communities as of its most recent SEC filing. (more...)
Calamos Advisors LLC Acquires 1454 Shares of Aflac Incorporated (AFL)
- November 13, 2017

Shares of Aflac Incorporated (NYSE:AFL) traded down $0.64 during mid-day trading on Friday, reaching $83.44. Monsanto Company (NYSE:MON) has risen 15.46% since November 11, 2016 and is uptrending. There has been some selling insider activity on Aflac Incorporated (NYSE:AFL) recently. It has underperformed by 16.70% the S&P500. Shares for $194,291 were sold by CLONINGER KRISS III . (more...)
Sfe Investment Counsel Lifted By $524524 Its Laboratory Amer Hldgs (LH) Holding; Nuveen Enhanced Municipal
- November 13, 2017

It has underperformed by 6.19% the S&P500. Veritas Investment Management Uk Ltd increased its stake in Laboratory Corp America Holdings (LH) by 1135.56% based on its latest 2017Q2 regulatory filing with the SEC. Robert W. Baird has "Hold" rating and $167.0 target. The stock has "Hold" rating by Peel Hunt on Wednesday, November 4. Barclays PLC lifted their price target on shares of Laboratory Corporation of America Holdings from $182.00 to $183.00 and gave the company an "overweight" rating ... (more...)
Melania Trump meets Shinee singer Minho in South Korea Melania Trump meets Shinee singer Minho in South Korea
- November 13, 2017

The menu at South Korea's state banquet for Donald Trump has left a nasty taste in Japan , after the president was served seafood caught off islands at the centre of a long-running territorial dispute between Seoul and Tokyo. Japan's top government spokesman, Yoshihide Suga, wondered if it had been wise to make such diplomatically sensitive gestures at a time when Japan, the USA and South Korea were attempting to pressure North Korea into giving up its ballistic missile and nuclear ... (more...)
Lowers Position in American Express Company (AXP)
- November 13, 2017

Daiwa Securities Group Inc who had been investing in Sun Cmntys for a number of months, seems to be bullish on the $7.34 billion market cap company. The stock decreased 0.29% or $0.01 on November 10, reaching $3.43. Jefferies has "Buy" rating and $600 target. On Thursday, October 22 the stock rating was maintained by Credit Suisse with "Underperform". Morgan Stanley maintained it with "Equal-Weight" rating and $89 target in Friday, September 8 report. (more...)
Sean Parker admitted how Facebook exploits human psychology Sean Parker admitted how Facebook exploits human psychology
- November 13, 2017

He described Facebook as "a social-validation feedback loop" that is "exactly the kind of thing that a hacker like myself would come up with", because it exploits a psychological vulnerability". His tenure at the social media site didn't last long; he was asked to resign in 2006 after police found cocaine in a vacation home he was renting. He wasn't charged, but the arrest rattled investors and he resigned shortly after. (more...)
Equities Analysts Issue Forecasts for Kimberly-Clark Corporation's Q4 2017 Earnings (KMB)
- November 13, 2017

The Florida-based Zpr Investment Management has invested 0.56% in the stock. Willis Investment Counsel acquired 28,400 shares as Kimberly Clark Corp ( KMB)'s stock declined 3.59%. Dimensional Fund Limited Partnership holds 0.05% or 1.55 million shares in its portfolio. State Street Corp boosted its holdings in shares of Kimberly-Clark Corporation by 1.3% during the 1st quarter. (more...)
BharatNet 2: Central government will sign MoUs with the states BharatNet 2: Central government will sign MoUs with the states
- November 13, 2017

The Telecom Department (DoT) will also sign pacts with Maharashtra, Gujarat, Chhattisgarh, Andhra Pradesh, Telangana, Tamil Nadu and Jharkhand that will roll out Phase 2 of BharatNet on their own with partial funding from the government. Under the Phase I, 1 lakh Global Positioning System or 3 lakh villages were connected. With the subsidies, telecom operators can make use of the existing optic fibre connection to build Wi-Fi hotspots and deliver wireless internet service sooner in the ... (more...)
The KeyCorp Begins Coverage on Tyson Foods Inc
- November 13, 2017

The company has a market capitalization of $26,636.80, a PE ratio of 15.32 and a beta of 0.30. The stock decreased 0.12% or $0.1 on November 10, reaching $82.38. (NYSE:TSN). Blackrock Inc has invested 0.06% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) in a research report released on Thursday morning. Lazard Asset Mgmt Limited Co holds 269,381 shares or 0.04% of its portfolio. (more...)
Grace's stroke of genius clinches Nedbank Golf Challenge Grace's stroke of genius clinches Nedbank Golf Challenge
- November 13, 2017

Grace produced what Player called a "stroke of genius" when he rolled in an nearly 50-foot birdie putt on the par-three 16th to break free of a tie with Scotland's Scott Jamieson and take a one-stroke lead into the closing holes. The Greystones man will make his debut in the Dubai finale just over €326,000 behind 10th-ranked Francesco Molinari in the race for the $10m Bonus Pool cash that will be shared by the top 10 money winners at the end of the season. (more...)
The Barrick Gold Corp. (ABX) Rating Reiterated by Royal Bank Of Canada The Barrick Gold Corp. (ABX) Rating Reiterated by Royal Bank Of Canada
- November 13, 2017

In addition to RBC Capital Markets reporting its target price, a total of 21 brokers have issued a report on the stock. The stock decreased 0.05% or $0.01 on November 10, reaching $9.84. Karpas Strategies Ltd Liability Corporation holds 0.27% or 17,598 shares in its portfolio. Vaughan David Invests Il holds 0.05% or 6,742 shares in its portfolio. (more...)
Advisor Group Inc. Has $3.96 Million Position in General Mills, Inc. (GIS)
- November 13, 2017

Mark Sheptoff Financial Planning Llc who had been investing in Southern Co for a number of months, seems to be less bullish one the $51.55 billion market cap company. 389.74 million shares or 0.52% less from 391.76 million shares in 2017Q1 were reported. Chevy Chase Trust invested 0.22% of its portfolio in General Mills, Inc. (more...)
Analysts See $1.36 EPS for Analog Devices, Inc. (ADI)
- November 13, 2017

United Kingdom-based Baillie Gifford has invested 0.03% in Analog Devices, Inc . About 1.96M shares traded or 56.80% up from the average. Gevo, Inc. (NASDAQ:GEVO) has declined 85.24% since November 12, 2016 and is downtrending. (NASDAQ:ADI). Daiwa Sb Invs accumulated 141,270 shares. The stock had a trading volume of 1,947,706 shares. Maine-based Hm Payson Communication has invested 0.01% in Analog Devices, Inc . (more...)
Credit Suisse Group Keeps Rating On Align Technology I (ALGN)
- November 13, 2017

Shares of Align Technology (ALGN) traded down $0.17 during trading hours on Monday, hitting $249.46. 927,500 shares of the company were exchanged, compared to its average volume of 1,006,116. Arizona State Retirement System reported 19,994 shares. (NASDAQ:ALGN). Evercore Wealth Llc has 0% invested in Align Technology, Inc. (NASDAQ:ALGN) for 23,950 shares. (more...)
Union Pacific Corporation (NYSE:UNP) PT Raised to $126.00 at UBS AG
- November 13, 2017

Hedge funds and other institutional investors own 80.03% of the company's stock. A number of hedge funds have recently added to or reduced their stakes in UNP. The Firm operates through its principal operating company, Union Pacific Railroad Company. The company also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. (more...)
Pollution levels still severe in Delhi Pollution levels still severe in Delhi
- November 13, 2017

The thick blanket of grey air and pollutants has enveloped Delhi for four days. The US embassy website showed the concentration of PM 2.5, the microscopic particles that are the most damaging to health, topped 700 early on Wednesday morning - 28 times the WHO guidelines. (more...)
L&T Q2 net jumps 32 per cent to Rs 2020 cr L&T Q2 net jumps 32 per cent to Rs 2020 cr
- November 13, 2017

There was an exceptional item on account of divestment of a subsidiary of Rs 136.7 crore in Q2 FY18. The firm clocked a consolidated net profit of Rs 2,020 crore. "It (weak orders) has led to management softening its FY 18 guidance on new orders to expect nil-to-marginal growth", according to Deutsche Bank analysts. (more...)
Amazon confirms 'Marketplace' will launch 'really soon' in Australia Amazon confirms 'Marketplace' will launch 'really soon' in Australia
- November 13, 2017

Retailers will have to pay a monthly fee to Amazon of $49.95 plus GST to be able to list their products on the site, but this will allow sellers to list as many products as they like. The 500 who attended today's event will be on a priority list of those to get an invitation-only to sell via Amazon Marketplace. This won't be ready at launch but is priority for Amazon. (more...)
Trudeau goes out of schedule to taste Jollibee Trudeau goes out of schedule to taste Jollibee
- November 13, 2017

He arrived the Clark Airport in Pampanga before 2 p.m. on Sunday. PIT STOP. Canadian Prime Minister Justin Trudeau (C) waves after visiting a branch of Filipino fast food chain Jollibee in Manila on November 12, 2017. Canadian Prime Minister Justin Trudeau went out of his schedule for the ASEAN Summit to eat in Jollibee, a leading fastfood chain in the Philippines. (more...)

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