Business


China overtakes the U.S. in race for supercomputer dominance China overtakes the U.S. in race for supercomputer dominance
- November 14, 2017

In a list of the world's 500 fastest supercomputers , China sits pretty with 202 on the list. "For the second time in a row there is no system from the USA under the TOP3", Top500 said in a statement. They're used for various things such as weather forecasting, nuclear weapons simulation and even to track space activity. A "petaflop" is one thousand trillion "flops". (more...)
Amazon to sell China cloud services unit in $300 million deal Amazon to sell China cloud services unit in $300 million deal
- November 14, 2017

The U.S. company has agreed to sell its China-based web services business to Beijing Sinnet, the local partner that operates it, according to a filing on the Shenzhen Stock Exchange that was noted by The Wall Street Journal and Reuters . (more...)
Rs 1430 crore seized by IT department from Sasikala's properties Rs 1430 crore seized by IT department from Sasikala's properties
- November 14, 2017

Sasikala and her extended family members, Income Tax authorities on Monday said that up to this point, tax avoidance on wage of ₹1,430 crore had been recognized. To a question on the nature of undisclosed income, he said this relates to unexplained cash and unexplained cash introduced for acquiring several businesses. (more...)
Bharti Infratel shares fall as Airtel subsidiary sells stake Bharti Infratel shares fall as Airtel subsidiary sells stake
- November 14, 2017

With this movement, the share price of Bharti Infratel tumbled by almost 4% on stock exchanges. Bharti Airtel will primarily use the proceeds from this sale to reduce its debt. The shares were sold through the stock exchanges. As of September 2017, Airtel's consolidated debt stood at Rs. 91,480 crores. Goldman Sachs, JP Morgan and UBS were joint placing agents. (more...)
Salesforce.com Inc (CRM) Stake Lifted by Rhumbline Advisers
- November 14, 2017

The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . In other Salesforce.com news, Director Susan Wojcicki purchased 1,443 shares of the company's stock in a transaction dated Monday, December 5th. (more...)
Tesco's £3.7bn takeover of Booker given green light
- November 14, 2017

The U.K. Competition and Markets Authority provisionally cleared a merger between Great Britain's number one grocer, Tesco PLC (TSCO.LN), and wholesaler Booker Group PLC (BOK.LN), saying that the level of competition in their respective markets is sufficient to counterbalance any rise in prices or reduction in service levels. (more...)
Over 400 Millionaires Ask That GOP Not Approve Tax Overhaul Over 400 Millionaires Ask That GOP Not Approve Tax Overhaul
- November 14, 2017

The letter is primarily aimed at congressional Republicans, who are considering various proposals that would result in the richest Americans paying less in taxes than they do now. This makes no sense", Crandall said. The belief is that putting more money into the pockets of individuals will spur more investment in the us economy, and more revenue for corporations can lead to new business ventures and more job creation. (more...)
Abbott Laboratories (ABT) Ownership Decreased by Flossbach VON Storch AG
- November 14, 2017

Parasol Investment Management LLC now owns 2,570 shares of the healthcare product maker's stock valued at $101,000 after buying an additional 600 shares in the last quarter. Jefferies maintained Abbott Laboratories (NYSE:ABT) on Tuesday, June 14 with "Buy" rating. The firm has "Buy" rating by Jefferies given on Tuesday, March 15. (more...)
Evaluating the datas for: Canadian Natural Resources Limited (CNQ)
- November 14, 2017

The value of the investment in CNQ decreased from $2,696,000 to $2,692,000 a change of 0.1% for the reporting period. The Redwood Investments Llc holds 39,376 shares with $6.28M value, down from 46,441 last quarter. (NASDAQ:AAPL) rating on Monday, February 13. Pioneer Natural Resources (NYSE:PXD) has risen 8.46% since November 12, 2016 and is uptrending. Chilton Invest Ltd invested in 0.03% or 5,785 shares. (more...)
Royal Bank of Canada (RY) EPS Estimated At $1.90
- November 14, 2017

Quadrant Capital Group LLC boosted its stake in Royal Bank Of Canada by 4.0% during the 2nd quarter. Tdam Usa Inc, which manages about $16.26 billion and $1.94 billion US Long portfolio, upped its stake in Western Alliance Bancorp (NYSE:WAL) by 6,544 shares to 36,737 shares, valued at $1.81M in 2017Q2, according to the filing. (more...)
Juniper Networks, Inc. (JNPR)- Most Bizarre Stocks for the Day
- November 14, 2017

Here are some institutional investors who have increased or decreased their stake in ( JNPR ). During the same quarter in the previous year, the firm posted $0.57 EPS. Renaissance Group LLC reports that it bought 53,095 shares last quarter increasing its exposure to Juniper Networks by 5.0%. It has a return on equity (ROE) of 12.70%. (more...)
Important Information on the Ongoing Ontario College Strike Important Information on the Ongoing Ontario College Strike
- November 14, 2017

The colleges said the offer includes a 7.75 per cent salary increase over four years, improved benefits - including extended pregnancy and parental leave, and a $500 increase in coverage for paramedical services - and measures to address concerns regarding part-time faculty. (more...)
Trump wrapping up Asia trip with meetings with US partners Trump wrapping up Asia trip with meetings with US partners
- November 14, 2017

It's not just that he won't criticize Duterte. "As to whether I believe it, I'm with our agencies", Trump said. -China Institute at the University of Southern California. President Donald Trump says he'll be delivering a "major statement" Wednesday when he's back in Washington to discuss what he's accomplished on his big Asia trip. (more...)
American Eagle Outfitters, Inc. (AEO) Position Trimmed by Parametric Portfolio Associates LLC American Eagle Outfitters, Inc. (AEO) Position Trimmed by Parametric Portfolio Associates LLC
- November 14, 2017

The apparel retailer reported $0.41 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.41. American Eagle Outfitters's Wall Street analysts see 105.26 % EPS growth, taking into account the $0.19 EPS reproted in the previous quarter, The stock decreased 0.93% or $0.13 during the last trading session, reaching $13.85. (more...)
More than third of United Kingdom home sellers cut asking price, says Rightmove More than third of United Kingdom home sellers cut asking price, says Rightmove
- November 14, 2017

Over a third of United Kingdom home owners trying to sell their house are being forced to cut their asking price, with the number of price cuts at their highest level since 2012, according to property website, Rightmove . However, it's also vital they don't discount their home in dribs and drabs. By dropping the asking price in increments all you succeed in doing is making your property look stale and unwanted, with none of the surge in viewings that a keen discount can bring, ' she said. (more...)
Grain, Soybean Futures Fall; Funds Extend Corn, Wheat Shorts Grain, Soybean Futures Fall; Funds Extend Corn, Wheat Shorts
- November 14, 2017

Some farmers switched to soybeans, which nationally were grown on a record 89.5 million acres, and will produce a record 4.4 billion bushels, up 3 percent from previous year. Another record-high yield in the USDA November report pulled corn futures further to new lows, but this only lasted for one session and massive technical buying pushed up the prices again. (more...)
CVS Health Corporation (NYSE:CVS) Underpriced by 16.2%
- November 14, 2017

The Company operates through three business segments: Pharmacy Services, Retail/LTC and Corporate. About 916,889 shares traded. It has outperformed by 5.71% the S&P500. Deutsche Bank maintained Extended Stay America Inc (NYSE:STAY) on Friday, July 31 with "Buy" rating. Oppenheimer maintained the shares of CVS in report on Monday, November 2 with "Outperform" rating. (more...)
Investor Steve Jurvetson steps down amid sexual misconduct probe Investor Steve Jurvetson steps down amid sexual misconduct probe
- November 14, 2017

Three weeks ago, DFJ confirmed that it was investigating Jurvetson on October 25. The investigation is continuing. Jurvetson is also taking a leave of absence from his board positions at aerospace company SpaceX and electric auto maker Tesla, "pending resolution of these allegations", a Tesla (tsla) spokesperson told Fortune in an email. (more...)
Dick's Sporting Goods, Inc. (NYSE:DKS) Quant Signal & Valuation At a Glance Dick's Sporting Goods, Inc. (NYSE:DKS) Quant Signal & Valuation At a Glance
- November 14, 2017

The company saw 4.41 million shares trade hands over the course of the day. Big 5 Sporting Goods Corporation (NASDAQ: BGFV ) has risen 57.96% since November 13, 2016 and is uptrending. Employees Retirement Association Of Colorado reported 0.01% stake. Riccio Daniel J. sold $1.86 million worth of stock or 11,949 shares. Tci Wealth Advsr holds 0% or 14 shares in its portfolio. (more...)
Gas prices up 4 cents in Meadville area since last week Gas prices up 4 cents in Meadville area since last week
- November 14, 2017

Gasoline prices have been on a rollercoaster ride since late August, when Hurricane Harvey disrupted oil refineries and pipelines in Texas and Louisiana. Oil prices also are up to around $55-$60 a barrel. "We were in the stratosphere, so to speak, in terms of wholesale prices". The bump in gas prices means that those driving long distances for Thanksgiving, just a week and a half away, will face higher costs to do so. (more...)
Investors Catching Stocks Prospect Capital Corporation (PSEC) Investors Catching Stocks Prospect Capital Corporation (PSEC)
- November 14, 2017

Barclays PLC reaffirmed an "equal weight" rating and set a $7.00 price objective on shares of Prospect Capital Corp.in a research note on Wednesday, August 31st. The company has market cap of $2.15 billion. The Firm also distributes or acts as a sales agent for software developed by third parties. Following the completion of the acquisition, the chief financial officer now directly owns 493,373 shares in the company, valued at approximately $3,320,400.29. (more...)
AT&T, Verizon in joint deal to build new comms towers AT&T, Verizon in joint deal to build new comms towers
- November 13, 2017

It's notable that the two carrier giants chose Tillman Infrastructure, a relatively small company based in NY, instead of any of the top three cell tower companies in the US: American Tower, Crown Castle, or SBA Communications. "It is imperative to reduce operating costs", Palmer said. "It's not cost-effective or sustainable". "We're creating a diverse community of suppliers and tower companies who will help increase market competition while reducing our overhead", said Susan Johnson, AT&T ... (more...)
Analyst's Ratings : Regions Financial Corporation (NYSE:RF) Analyst's Ratings : Regions Financial Corporation (NYSE:RF)
- November 13, 2017

According to today's trading volume Regions Financial Corporation is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider's stock valued at $137,000 after acquiring an additional 529 shares during the period. (more...)
Bristol-Myers Squibb Company (BMY): Scrutinizing the Chart
- November 13, 2017

Vuzix Corporation (NASDAQ:VUZI) has risen 11.43% since November 13, 2016 and is uptrending. Bridgewater Associates Lp increased Bristol Myers Squibb Co ( BMY ) stake by 35.58% reported in 2017Q2 SEC filing. Investors sentiment decreased to 0.67 in Q2 2017. Its down 0.03, from 0.98 in 2017Q1. It dived, as 78 investors sold BMY shares while 520 reduced holdings. (more...)
Stock On the Run: Yamana Gold, Inc. (AUY)
- November 13, 2017

Be unsteadying Stocks: Momo Inc., (NASDAQ: MOMO), Yamana Gold Inc ., ( NYSE: AUY ), McDonald's Corporation ... The stock has a market cap of $2,541.98, a PE ratio of 67.00 and a beta of 0.65. The ex-dividend date is Thursday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.67%. Yamana Gold's payout ratio is -5.00%. (more...)
Ferry McFerryface Is The Newest Addition To Sydney's Public Transport Ferry McFerryface Is The Newest Addition To Sydney's Public Transport
- November 13, 2017

But it seems that is exactly what has happened. However, the most votes actually went to the name Boaty McBoatface , the notable title Brits voted to call a new research vessel past year. Ferry McFerryface isn't original. While Boaty won the overwhelming majority with 124,000 votes, Science Minister Jo Johnson was not so keen on the title and chose to name it after Sir David Attenborough instead. (more...)
Missouri AG launches Google antitrust probe Missouri AG launches Google antitrust probe
- November 13, 2017

Attorney General Josh Hawley's office said on Monday that it issued a subpoena to investigate if Google's use of information that it collects about consumers is appropriate and if the company stifles competing websites in search results. To read this article in one of Houston's most-spoken languages, click on the button below. In June, the European Union issued Google a record $2.7 billion antitrust fine. (more...)
" "Morgan Stanley Reiterates "$36.00" Price Target for Steel Dynamics, Inc. (NASDAQ:STLD)
- November 13, 2017

Amedica Corporation (NASDAQ:AMDA) has declined 73.26% since November 13, 2016 and is downtrending. It has outperformed by 27.69% the S&P500. General American Investors Co. (NASDAQ:STLD). Public Employees Retirement Sys Of Ohio holds 151,959 shares or 0.03% of its portfolio. (NYSE:GAM). Rivernorth Mngmt Ltd Liability Company owns 261,955 shares for 0.69% of their portfolio. (more...)
Victory Capital Management Inc. Sells 75761 Shares of IPG Photonics Corporation (IPGP)
- November 13, 2017

It has a 48.38 P/E ratio. It offers a suite of Internet of Things (IoT) solutions that enables its clients to connect, manage and analyze data, and create applications. The rating was downgraded by Canaccord Genuity on Tuesday, July 18 to "Hold". On Monday, December 12 the stock rating was downgraded by JP Morgan to "Underweight". (more...)
Aetna Inc. (AET) Shares Sold by QV Investors Inc
- November 13, 2017

The firm owned 740,833 shares of the company's stock after acquiring an additional 112,700 shares during the period. Lyrical Asset Management Lp increased its stake in Aetna Inc. Zacks Investment Research raised Aetna from a "hold" rating to a "buy" rating and set a $174.00 price target on the stock in a report on Thursday, October 12th. (more...)

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