Business


Ripple announce partnership with money transfer giant MoneyGram Ripple announce partnership with money transfer giant MoneyGram
- January 11, 2018

XRP is fast too. "Money transfer companies are incredibly important because they help people get money to their friends and loved ones", says Brad Garlinghouse, CEO, Ripple . In November 2017, American Express Co ( AXP.N ) also launched an instant blockchain-based payment system using Ripple . Ripple created its virtual currency to allow banks to send client money on its network from Paris to Tokyo, for example, in a matter of minutes rather than days. (more...)
Dropbox files confidentially for US IPO Dropbox files confidentially for US IPO
- January 11, 2018

Dropbox is also interesting because of its decision to move off public cloud services two years ago and onto its own data center infrastructure, one of the first startups built on Amazon Web Services to do so. The company's last reported valuation of $10 billion came during a venture capital funding round in 2014. JPMorgan led a credit line extended to Dropbox, along with Goldman Sachs , Bank of America Corp., Deutsche Bank AG, Macquarie Group Ltd. (more...)
Brokerages Set SS&C Technologies Holdings, Inc. (SSNC) Target Price at $43.75 Brokerages Set SS&C Technologies Holdings, Inc. (SSNC) Target Price at $43.75
- January 11, 2018

Glenmede Na reported 108 shares. Among 13 analysts covering NICE Systems ( NASDAQ:NICE ), 4 have Buy rating, 0 Sell and 9 Hold. On Sunday, October 8 the stock rating was maintained by RBC Capital Markets with "Buy". SS&C Technologies (NASDAQ:SSNC) traded down $0.27 during mid-day trading on Friday, hitting $40.73. About 5.46 million shares traded or 1102.54% up from the average . (more...)
Urban Outfitters (NASDAQ:URBN) Stock Rating Reaffirmed by KeyCorp
- January 11, 2018

Urban Outfitters, Inc . (NASDAQ: URBN ) has declined 30.56% since January 10, 2017 and is downtrending. It has underperformed by 0.05% the S&P500. Ellie Mae, Inc. The company was maintained on Tuesday, August 8 by BMO Capital Markets. The company was maintained on Tuesday, November 21 by RBC Capital Markets. (NYSE:PM) on Monday, November 14 to "Buy" rating. (more...)
Delta Air's stock surges after profit and sales beat expectations Delta Air's stock surges after profit and sales beat expectations
- January 11, 2018

Delta Air Lines , Inc. (NYSE: DAL ) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The stock of LifePoint Health, Inc. ( DAL ), we can see that the 40-day commodity channel index signal is presently Hold while the 50-day Parabolic SAR generates a Buy signal. (more...)
Walmart to pay employee bonuses, boosts minimum wage Walmart to pay employee bonuses, boosts minimum wage
- January 11, 2018

Those employees will receive a smaller bonus based on seniority. Walmart is raising its starting hourly wage to $11, a move that will cost the company $300 million in addition to previously planned wage hikes. A note from the company said the starting wage will rise to $11. Costco has had a minimum wage of $13.50 since 2016 . The wage increase comes as Walmart is on a roll. (more...)
Costco Customer Returns 'Dead' Christmas Tree In January For Full Refund Costco Customer Returns 'Dead' Christmas Tree In January For Full Refund
- January 11, 2018

A furious woman in California created a commotion at a popular wholesale outlet as she came to return her Christmas tree. A picture accompanying the post showed a woman with a red "X" over her face standing with a dead Christmas tree at the Costco customer service counter. (more...)
Canada launches complaint with World Trade Organization over United States use of duties Canada launches complaint with World Trade Organization over United States use of duties
- January 11, 2018

A Reuters exclusive released Wednesday citing two government sources, said Canada is growing more and more convinced that President Trump will pull the US out of the NAFTA deal altogether. For U.S. President Donald Trump, who has espoused an "America First" trade policy and the unravelling of multi-party trade agreements, those levers for managing individual U.S. (more...)
Like-For-Like Sales Up 2.2% At Tesco In Third Quarter Like-For-Like Sales Up 2.2% At Tesco In Third Quarter
- January 11, 2018

Overall, its third quarter like-for-like sales were 1.4% lower. As of 08:43 GMT, Tesco's share price had given up 2.88 percent to 205.80p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.09 percent higher at 7,755.91 points. (more...)
It looks like Australia's retail spending strike is over It looks like Australia's retail spending strike is over
- January 11, 2018

That was three times the market forecast and the steepest gain since early 2013. It is the third consecutive month of growth following a rise of 0.5 per cent in October and 0.2 per cent in September. This is the largest contribution to total retail turnover from online sales in the history of the online series. The strength in clothing sales was also noteworthy (up 2.2 percent m/m), although likely also boosted by the November sales. (more...)
United States judge denies effort to stop Mulvaney from heading consumer watchdog United States judge denies effort to stop Mulvaney from heading consumer watchdog
- January 11, 2018

The judge in November rejected Ms. But the judge concluded that issuing the injunction that English wanted wouldn't solve the problem. Mulvaney has vowed to move the CFPB away from its agenda under Democratic President Barack Obama. District Court in the District of Columbia, wrote in his decision. English then filed the motion for a preliminary injunction to block Mulvaney's appointment , and Kelly heard arguments on December 22. (more...)
Analyst Earnings Forecast Scan: Norwegian Cruise Line Holdings Ltd. (NCLH) Analyst Earnings Forecast Scan: Norwegian Cruise Line Holdings Ltd. (NCLH)
- January 11, 2018

It has outperformed by 109.15% the S&P500. $689,765 worth of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH ) was sold by Sommer Harry. Winslow Asset Mngmt, Ohio-based fund reported 137,023 shares. The stock has "Overweight" rating by Barclays Capital on Tuesday, August 16. Argus Research upgraded the stock to "Buy" rating in Thursday, July 20 report. (more...)
Economists to PM: Shift to models that boost farmers' income Economists to PM: Shift to models that boost farmers' income
- January 11, 2018

Briefing about the meeting, Kumar said experts emphasised that all efforts should be made to ensure doubling of farmers income, which often does not rise with increased production leading to decline in prices. One of the suggestion was to create clusters in different districts for agriculture which could specialise in one field. The Niti Aayog Vice-Chairman said all the participants unanimously supported the National Medical Commission Bill, which has been referred to a parliamentary ... (more...)
Senate Dems Propose Bill to Penalize Credit Report Agencies for Breaches Senate Dems Propose Bill to Penalize Credit Report Agencies for Breaches
- January 11, 2018

Data breach legislation has always been something members from both parties in Congress have pursued in response to significant breaches, but such efforts have thus far failed to achieve virtually any momentum besides committee action. "Equifax might make money off the breach", Warren said, citing the sales of credit production products. Warren has railed against Equifax since the breach was disclosed. (more...)
North Royalton hacker stole potentially embarrassing information from computers, feds say North Royalton hacker stole potentially embarrassing information from computers, feds say
- January 11, 2018

According to the document, Durachinsky is alleged from 2003 through January 20, 2017, to have orchestrated a plot to access thousands of computers using a piece of malicious software he had developed called 'Fruitfly'. He allegedly installed onto the computers a homemade malware named "Fruitfly" which enabled him control the devices and spy on what users were doing. (more...)
Real estate tags down by 12% Real estate tags down by 12%
- January 11, 2018

Housing units sold pan India in 2017 dropped 7 per cent to 2,28,072 units compared to 2016 and declined 38 per cent since the peak in 2011. "For the first time in this decade, the Mumbai market has experienced a drop in residential prices". (more...)
The Factor Everyone Ignores: Transocean Ltd. (RIG), Tesla Motors, Inc. (TSLA)
- January 11, 2018

Moors Cabot holds 11,870 shares. Federated Pa holds 0.01% in Transocean Ltd. (NYSE: RIG ) or 188,873 shares. It has underperformed by 0.84% the S&P500. 116 funds opened positions while 640 raised stakes. Bankshares Of Stockton reported 20,388 shares stake. Horizon Kinetics Ltd Liability Corporation holds 0.01% or 43,809 shares. (more...)
K Sivan appointed new ISRO Chairman K Sivan appointed new ISRO Chairman
- January 11, 2018

Sivan's appointment was cleared by the Appointment Committee of Cabinet (ACC) on Wednesday. Sivan is a graduate of the Indian Institute of Technology, he joined the ISRO in 1982. Sivan is overseeing the Friday launch. The newly appointed ISRO chairman has also played a key role in developing the indigenous Geosynchronous Satellite Launch Vehicle MK II, and was part of the team that ideated on the Swadeshi space shuttle (a reusable launch vehicle). (more...)
Acuity Brands (AYI) Earns Acuity Brands (AYI) Earns "Hold" Rating from Robert W. Baird
- January 11, 2018

Including today's unusual volume, Acuity Brands, Inc .'s stock is performing at -10.26% on the year. It has underperformed by 27.33% the S&P500. Towerview Llc increased its stake in Lands End Inc New (LE) by 180.07% based on its latest 2017Q3 regulatory filing with the SEC. (more...)
O'Reilly Automotive Inc (ORLY) Receives Average Recommendation of "Buy" from Brokerages
- January 11, 2018

A number of other large investors have also recently bought and sold shares of ORLY . (NASDAQ:ORLY) news were published by: Gurufocus.com which released: "Aurora Investment Counsel Buys NetEase Inc, Viper Energy Partners LP, Dollar ..." on January 04, 2018, also Nasdaq.com with their article: "Commit To Purchase O'Reilly Automotive At $180, Earn 7.1% Using Options" published on December 22, 2017, Globenewswire.com published: "O'Reilly Automotive, Inc". (more...)
SPDR S&P Capital Markets ETF (KCE) Rises 1.03% for Jan 9 SPDR S&P Capital Markets ETF (KCE) Rises 1.03% for Jan 9
- January 11, 2018

This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased. Capital markets stocks are now expected to grow slower than the average stock on the index. The Value Composite Two of iShares Trust - iShares Europe ETF (ARCA:IEV) is 53. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded up $0.62 during trading on Wednesday, reaching $274.54. (more...)
Nuveen Municipal Income Fund Inc (NYSE:NMI) Institutional Investor Positioning Change
- January 11, 2018

The stock decreased 0.32% or $0.58 during the last trading session, reaching $177.95. About 55,717 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since January 10, 2017 and is uptrending. Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. As per Thursday, August 4, the company rating was downgraded by Societe Generale. (more...)
Envestnet Asset Management Inc. Sells 3171 Shares of Molson Coors Brewing Co
- January 11, 2018

Molson Coors Brewing ( NYSE TAP ) traded up $1.58 during trading hours on Wednesday, reaching $85.21. About 425,385 shares traded. WABCO Holdings Inc. Stifel Nicolaus maintained it with "Buy" rating and $11500 target in Wednesday, August 2 report. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. (more...)
EPS for Corning Incorporated (GLW) Expected At $0.47
- January 11, 2018

They expect $1.63 earnings per share, down 2.40% or $0.04 from last year's $1.67 per share. Corning (NYSE: GLW ) last issued its earnings results on Tuesday, January 24th. The company was maintained on Thursday, July 6 by Jefferies. The firm earned "Buy" rating on Monday, July 17 by Guggenheim. The company was upgraded on Wednesday, January 13 by JP Morgan. (more...)
KB Home (KBH) Scheduled to Post Earnings on Wednesday
- January 11, 2018

The stock decreased 0.42% or $0.25 during the last trading session, reaching $59.01. It has outperformed by 1.43% the S&P500. Kemnay Advisory Services Inc who had been investing in Kb Home for a number of months, seems to be less bullish one the $2.95 billion market cap company. (more...)
Orange, chocolate-covered ice cream bars recalled over listeria concerns Orange, chocolate-covered ice cream bars recalled over listeria concerns
- January 11, 2018

The recalled ice cream bars have a production date of January 1, 2017 to December 31, 2017, and a "best by" date of January 1, 2018 to December 31, 2018. The recalled bars were produced in 2017 on the company's Hoyer 1 Line at its Dunkirk, NY plant. GIANT Orange Cream Bars , 12 count, UPC 68826703292 with best by dates between January 1, 2018 to December 31, 2018. (more...)
Labour unions rally at Tim Hortons locations over minimum wage response Labour unions rally at Tim Hortons locations over minimum wage response
- January 11, 2018

Labour union activists are planning a protest for an east-end Tim Hortons in Guelph on Wednesday in support of minimum wage workers and to speak out against benefit clawbacks experienced by employees at other franchise locations. Gretzky is referring to small business tax cuts announced in the November 2017 Ontario budget that would help business owners offset the minimum wage hike. (more...)
What's Next for Lockheed Martin Corporation (LMT) After Reaching Record High?
- January 11, 2018

The institutional investor held 64,297 shares of the military and government and technical company at the end of 2017Q3, valued at $19.95 million, up from 62,487 at the end of the previous reported quarter. Therefore 29% are positive. The analysts offering 12 month price targets for Lockheed Martin Corporation have a median target of $338.5, with a high estimate of $363 and a low estimate of $284. (more...)
James Damore Files Discrimination Suit Against Google James Damore Files Discrimination Suit Against Google
- January 10, 2018

A class action lawsuit filed on behalf of former Google engineer James Damore and other right-of-center Google employees describes a culture of censorship and discrimination: managers openly discuss blacklists "meant to encourage and coordinate the sabotage of promotions, performance reviews, and employment opportunities for those with conservative viewpoints", Google employees are pressured to undergo one-sided "Bias Busting" re-education sessions focusing on white male privilege, ... (more...)
Verastem, Inc. (VSTM), Sears Holdings Corporation (SHLD) Verastem, Inc. (VSTM), Sears Holdings Corporation (SHLD)
- January 10, 2018

First Quadrant L P, which manages about $16.82 billion and $5.17 billion US Long portfolio, decreased its stake in Duke Energy Corp (NYSE:DUK) by 5,766 shares to 3,700 shares, valued at $311,000 in 2017Q3, according to the filing. Just last week, Sears announced another round of store closures, which the company said were some of its "lowest performing" locations. Throughout the trading on 01/09/2018, the share price floated between $3.09 and $3.42. (more...)

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