Business


Elon Musk Just Broke Hyperloop Speed Record With 220mph Tesla Pod Elon Musk Just Broke Hyperloop Speed Record With 220mph Tesla Pod
- August 31, 2017

The Tesla/SpaceX Hyperloop pusher pod is used to help propel student Hyperloop pods for SpaceX's Hyperloop competition. Once the pusher pod as moving it was able to quickly get up to 220 miles per hour before things started heating up. (more...)
Amazon hit with proposed class action lawsuit over defective eclipse glasses Amazon hit with proposed class action lawsuit over defective eclipse glasses
- August 31, 2017

A few more days after the fact, they developed vision impairment, which included blurriness and distorted vision, their lawsuit said in court documents. Representing others that may also be affected, they are requesting money for damages, the profits Amazon.com made on the sale of eclipse glasses and a medical monitoring programme. (more...)
Google Rejects Claim It Urged Think Tank to Fire Vocal Critic Google Rejects Claim It Urged Think Tank to Fire Vocal Critic
- August 31, 2017

Now, Google has apparently struck back, revealing a growing divide between progressives and an industry that has long claimed a home in the Democratic Party. The episode left some people concerned that Google meant to discontinue funding, while others anxious whether the think tank could truly be independent if it had to worry about offending its donors, the report added. (more...)
Oil prices dip as market grapples with Harvey's damage
- August 31, 2017

Hurricane Harvey that battered the Texas coast and Louisiana with heavy winds and torrential rains, has pushed the USA gasoline market into a severe backwardation as the country suffers supply shortages. fuel system, said it would shut its main lines to the Northeast by Thursday, hit by outages at pumping points and lack of supplies from refiners. That plant has not been affected by the storm, which has hammered the Gulf Coast for several days. (more...)
Dollar General Q2 Earnings Beat Due to New Stores, Increased Traffic Dollar General Q2 Earnings Beat Due to New Stores, Increased Traffic
- August 31, 2017

Dollar General Corporation also was the target of unusually large options trading on Monday. The stock declined 1.13% or $0.87 reaching $76.04 on the news. Water Island Cap invested in 5,706 shares or 0.03% of the stock. (DG) on Thursday reported fiscal second-quarter profit of $294.8 million. Aviva Public Limited Company holds 172,501 shares. (more...)
Pernod Ricard Sees 3.6% Sales Increase In 2017 Pernod Ricard Sees 3.6% Sales Increase In 2017
- August 31, 2017

Strong performance of its global brands, including Martell cognac and Absolut vodka accelerated its organic sales, leading to a 3.6 percent growth to €9.01 million ($10.7 million). It's value also climbed by 15 percent. The owner of Absolut vodka and Jameson whisky said net profit for the fiscal year ended June 30 rose to 1.39 billion euros ($1.65 billion). (more...)
Crude oil prices drop on Monday Crude oil prices drop on Monday
- August 31, 2017

US crude inventories fell by 3.3 million barrels in the week ending August 18, to 463.17 million barrels, down 13.5 percent from their record levels last March. The SPR can also release oil in an exchange agreement, in which it loans crude to a company, which later replaces it and supplies the reserve with premium barrels as a form of interest. (more...)
Dissecting the Numbers for The Procter & Gamble Company (PG) and Unilever NV Dissecting the Numbers for The Procter & Gamble Company (PG) and Unilever NV
- August 31, 2017

It has outperformed by 20.05% the S&P500. Independent Portfolio Consultants Inc decreased Procter & Gamble Co (PG) stake by 30.73% reported in 2016Q4 SEC filing. As per Monday, October 19, the company rating was maintained by Oppenheimer. Analysts mean recommendation for the stock is 2.50. Since May 1, 2017, it had 0 insider purchases, and 7 sales for $17.28 million activity. (more...)
Analyst Research Roundup: Paychex, Inc. (PAYX), Palo Alto Networks, Inc. (PANW)
- August 31, 2017

Cullen Frost Bankers Inc owns 0.19% invested in Palo Alto Networks Inc (NYSE: PANW ) for 44,889 shares. Meiji Yasuda Asset Mngmt holds 0.04% or 2,815 shares in its portfolio. Ltd. increased its position in Palo Alto Networks by 5,177.5% in the first quarter. Apg Asset Management Nv, a Netherlands-based fund reported 59,269 shares. (more...)
Traders Buy High Volume of Put Options on Gilead Sciences (GILD) Traders Buy High Volume of Put Options on Gilead Sciences (GILD)
- August 31, 2017

Gilead Sciences , Inc. (NASDAQ: GILD ) has declined 21.80% since August 30, 2016 and is downtrending. 1,200 were reported by Paradigm Asset Management Ltd. It has a 14.05 P/E ratio. Its products include AmBisome, Atripla, Cayston, Complera/Eviplera, Descovy, Emtriva, Epclusa, Genvoya, Harvoni, Hepsera, Letairis, Odefsey, Ranexa, Sovaldi, Stribild, Truvada, Tybost, Vemlidy, Viread, Vitekta and Zydelig. (more...)
Zacks Investment Research Downgrades Vail Resorts, Inc. (MTN) to Sell
- August 31, 2017

It has outperformed by 44.38% the S&P500. Investors sentiment decreased to 1.41 in 2016 Q4. Its up 0.13, from 0.88 in 2016Q3. Janney Montgomery Scott Ltd Llc reported 0.05% in Vail Resorts, Inc. The stock has "Outperform" rating by Macquarie Research on Friday, March 11. The rating was maintained by Stifel Nicolaus with "Hold" on Friday, July 14. (more...)
JJ Watt: 'Houston, we're coming home, and we're going to help'
- August 31, 2017

Watt has now increased the target to $1.5 million. The team had planned to fly back to Houston from a preseason game Saturday in New Orleans, but to " ensure the safety of our players, coaches and staff ", went to Dallas instead and will play a preseason match-up with the Dallas Cowboys there Thursday night instead of on their home field. (more...)
JJ Watt raises goal for Houston fundraiser to $6 million JJ Watt raises goal for Houston fundraiser to $6 million
- August 31, 2017

Despite all the pain and suffering I had witnessed, I was encouraged to see how many people who were able to put aside their differences and help those in need the most. Among his followers, there are other sports stars, such as basketball player Chris Paul from the Houston Rockets , who donated $50,000 and was praised by Watt . (more...)
Demonetisation effect lingers: Q1 GDP growth slows to 5.7% Demonetisation effect lingers: Q1 GDP growth slows to 5.7%
- August 31, 2017

The first volume of the Economic Survey released in January had projected the economy to grow in the range of 6.75-7.5% in 2017-18 against 7.1% in 2016-17. Anant further said that as companies took to GST, inventory has returned to normal levels which will help revive growth. GVA in the first quarter was 2.3 per cent compared to 2.5 per cent in the similar period a year ago. (more...)
Constellation Brands Inc (NYSE:STZ-B) Valuation According To Analysts
- August 31, 2017

STZ's SI was 3.28 million shares in August as released by FINRA. Short shares grew from 3,277,626 to 3,699,849 over that timeframe. (NYSE:STZ). Davenport & Com Limited Liability Corporation stated it has 0.01% of its portfolio in Constellation Brands, Inc. (more...)
Oil down as United States refineries struggle from Harvey impact Oil down as United States refineries struggle from Harvey impact
- August 31, 2017

Fuel prices were expected to keep rising as refining capacity remains down and pipelines run short. However, the Sultanate's total crude oil exports fell by 9.9 per cent-to 171.90 million barrels for the seven-month period ending July 2017, from 190.71 million barrels during the same period of 2016. (more...)
German inflation picks up more than expected, still below European Central Bank target German inflation picks up more than expected, still below European Central Bank target
- August 31, 2017

It was down 0.3 percent at $1.1846. The ECB is now still implementing a €2 trillion asset purchase programme, begun in 2015, which was created to stave off the threat of deflation. The euro and government bond yields fell while stocks rallied on Thursday after Reuters reported that the single currency's rapid gains are worrying a growing number of European Central Bank policymakers, raising the chance asset purchases will be phased out only slowly. (more...)
Things To Do Before Becoming a Red Cross Volunteer Things To Do Before Becoming a Red Cross Volunteer
- August 31, 2017

A Houston native, Beyonce told a local newspaper, "My heart goes out to my hometown, Houston, and I remain inconstant prayer for those affected and for the rescuers who have been so fearless and determined to do so much to help". But what most people don't know about the private star is that she has a long history of giving big donations to people and causes in need. The American Red Cross wanted to make sure there would be enough staff to open shelters if needed. (more...)
PM Abe: Japan received commitment that Brexit talks will be transparent PM Abe: Japan received commitment that Brexit talks will be transparent
- August 31, 2017

It said the world "has received North Korea's latest message loud and clear: This regime has signalled its contempt for its neighbours, for all members of the United Nations, and for minimum standards of acceptable global behaviour". The UN Security Council on Tuesday unanimously condemned North Korea over the launch of the missile, which flew over Japanese territory before crashing into the Pacific, but it stopped short of issuing fresh punitive measures against the regime. (more...)
Victory Capital Management Inc. Boosts Position in MGIC Investment Corporation (MTG)
- August 31, 2017

Green Dot Corp now has $2.42 billion valuation. The stock decreased 1.19% or $0.14 on August 25, reaching $11.67. About 772,602 shares traded. Apple Inc. On Tuesday, August 8 the stock rating was maintained by Cowen & Co with "Hold". The rating was maintained by RBC Capital Markets on Friday, September 11 with "Outperform". (more...)
Oil prices fall as refinery production dips in US Oil prices fall as refinery production dips in US
- August 31, 2017

Husky owns one refinery and partners with BP in another in OH, while Cenovus owns a 50 per cent stake in Phillips 66 refineries in IL and northern Texas. refining capacity. Yet crude remains in ample supply. Hurricane Katrina caused significant damage to United States refinery and production capacity in the Gulf of Mexico, and forced oil prices to briefly spike to above $70 per barrel in September 2005. (more...)
Will Amazon's Strategy of Cutting Grocery Prices Pay Off? Will Amazon's Strategy of Cutting Grocery Prices Pay Off?
- August 31, 2017

Target is remodeling stores and highlighting its grocery section. When CNBC visited a Whole Foods store in New York City on Monday, a staff member said more than 300 products were being discounted . "I got avocados, tomatoes, at a substantial cheaper price than yesterday, so I was happy". If the Amazon-Whole Foods combination works, it can well and truly shake the grocery industry. (more...)
Qantas re-routes Sydney-London flights via Singapore Qantas re-routes Sydney-London flights via Singapore
- August 31, 2017

The re-route which will see the carrier stopping over in Singapore, rather than Dubai as part of their five-year extended partnership with Emirates. Australia, as The Straits Times points out, remains among Changi Airport's top five markets in passenger traffic terms, with more than 5.5 million passengers travelling between Singapore and Australia annually. (more...)
Toshiba may not finalise chip unit sale by August 31 deadline Toshiba may not finalise chip unit sale by August 31 deadline
- August 31, 2017

The proposal also calls for Toshiba to be part of the deal, investing 200 billion yen, the source said. Western Digital , which partners with Toshiba in flash memory production, has taken legal action to block the sale of the unit, arguing that a sell-off would be against the terms of their joint-venture agreement. (more...)
Harvey Leading To Higher Gasoline Prices Across NE Oklahoma Harvey Leading To Higher Gasoline Prices Across NE Oklahoma
- August 31, 2017

Dan Stickel, the chief economist for Alaska's Department of Revenue, said the global oil market is oversupplied. "I don't think we're going to see any dramatic changes in activity locally", Hathaway said. "So many Americans think oil companies are raising prices simply because of a hurricane and nothing can be further from the truth", he said. Brent crude and the US benchmark West Texas Intermediate ( WTI ) have been affected by events in Texas and the US Gulf Coast. (more...)
Houston mayor pushes US government to quickly approve Harvey aid Houston mayor pushes US government to quickly approve Harvey aid
- August 31, 2017

That translates into some nine trillion gallons (34 trillion liters) of rainwater dumped on the region. A levee along the Brazos River south of Houston has also breached, forcing officials to call for residents to evacuate low-lying areas. (more...)
Chevron does not expect Harvey to affect its Gulf production Chevron does not expect Harvey to affect its Gulf production
- August 31, 2017

Brent crude settled 21 cents, or 0.4 percent, higher at $51.87 a barrel. "Refineries might go down because of flooding". Oil prices fell on Wednesday, weighed down by concerns of oversupply as Libyan output improves and as USA gasoline inventories rose despite the peak summer driving season. (more...)
Self-driving Smart wants to set you up Self-driving Smart wants to set you up
- August 31, 2017

On the concept, the front grille area is occupied by a black panel display that can greet ride-share customers when arriving for pick-up. The Smart Vision EQ ForTwo isn't meant to be "owned" in the conventional sense, but is intended as a ride-sharing mobility solution, delivered to consumers who sign up to Smart's service. (more...)
Toyota joins Grab's $2.5 billion fund raising, unveils tie-up Toyota joins Grab's $2.5 billion fund raising, unveils tie-up
- August 31, 2017

Toyota's investment in Grab is to be through the ¥6 billion (US$54.58 million) Next Technology Fund set up in April by unit Toyota Tsusho Corp for opportunities in innovative technologies, products and services. There seems to be a race to see which firms are going to come out of this as the dominant players in the ride hailing industry. Grab provides 3 million daily rides. (more...)
Texas AG receives hundreds of complaints about price gouging Texas AG receives hundreds of complaints about price gouging
- August 31, 2017

The Texas attorney general's office said anyone who thinks they're being gouged on prices should first raise the issue with the seller. In a few cases, people reported having to pay $3.50 a gallon for gas in Houston, about $1.30 more than the average gas price in the area, said Kayleigh Lovvorn, a spokeswoman for Paxton's office. (more...)