Business


Tanzania confiscates $33.7 million worth of diamonds Tanzania confiscates $33.7 million worth of diamonds
- September 11, 2017

Diamonds have no centralised price so calculating the overall value of that parcel is tricky, and appears to be the main reason the parcel has been blocked. President John Magufuli has tried to force firms to pay more in taxes. "Petra is committed to engagement with the Government in order to resolve this matter and ensure that the correct information is available to all parties". (more...)
Beijing and Bitcoin Don't Mix Beijing and Bitcoin Don't Mix
- September 11, 2017

Chinese news site Caixin confirmed the link between the ICO investigation and the bitcoin exchange ban, quoting an official as saying that "the future in China cannot have the so-called virtual currency and the currency between the trading platform", an apparent link between both bitcoin and ICOs. (more...)
United Kingdom renewables auction clears as low as 58 pounds/MWH for offshore wind United Kingdom renewables auction clears as low as 58 pounds/MWH for offshore wind
- September 11, 2017

The results of the auction for 11 new contracts, which also included biomass and waste plant energy schemes, should help put downward pressure on household bills in the years ahead. The Government said the new UK-wide projects would create thousands of new jobs and provide enough power for 3.6 million homes. The newest eight megawatt (MW) offshore turbines stand nearly 200 metres (650ft) high, taller than London's Gherkin, with 80m (260ft) long blades producing enough electricity to power a ... (more...)
More upheaval at Carillion as directors are cleared out More upheaval at Carillion as directors are cleared out
- September 11, 2017

The senior management shake-up will see two of Carillion's Canadian directors take key roles in the boardroom and a partner from Ernst and Young parachute in to lead a corporate restructuring. Carillion, which will lose its FTSE 250 status later this month, has appointed Lee Watson as "chief transformation officer" on immediate secondment from Ernst & Young, where he is a partner specialising in transformations and restructurings for United Kingdom companies. (more...)
Drilling Down Into Steel Dynamics, Inc. (STLD)
- September 11, 2017

Profund Advsrs Ltd Liability Company, Maryland-based fund reported 54,542 shares. Steel Dynamics had a net profit margin of 6.07% and a ROE of 21.75%. BlackRock upgraded its position in stocks of Steel Dynamics by 11,858.1% in the Q1. The stock has "Overweight" rating by Barclays Capital on Monday, October 5. (more...)
Cheniere Energy, Inc. (LNG) Short Interest Down 1.0% in August Cheniere Energy, Inc. (LNG) Short Interest Down 1.0% in August
- September 11, 2017

It has outperformed by 46.10% the S&P500. Finally, ValuEngine downgraded Cheniere Energy from a "hold" rating to a "sell" rating in a research note on Friday, September 1st. (NYSEMKT:LNG). Millennium Management Ltd Company holds 1.53 million shares or 0.13% of its portfolio. Levin Capital Strategies Limited Partnership holds 10,590 shares. (more...)
Chicago Bridge & Iron Company NV (CBI)
- September 11, 2017

Southernsun Asset Management Llc decreased Chicago Bridge & Iron Co. Analysts are also projecting an Average Revenue Estimate for Chicago Bridge & Iron Company N.V.as $1.81 Million in the Current Quarter. Its down 0.03, from 0.93 in 2016Q3. The total value of its holdings increased 69,487.1%. 79 funds opened positions while 113 raised stakes. Macquarie Gru owns 24,500 shares or 0% of their U.S. (more...)
Shares in GlaxoSmithKline PLC (GSK) Acquired by NorthCoast Asset Management LLC
- September 11, 2017

GlaxoSmithKline had 21 analyst reports since September 8, 2015 according to SRatingsIntel. The rating was downgraded by BNP Paribas on Wednesday, September 14 to "Underperform". Moreover, Rothschild Invest Corp Il has 0.1% invested in SYSCO Corporation (NYSE:SYY). California-based Fort Point Capital Prtnrs Ltd Limited Liability Company has invested 0.11% in Pfizer Inc. (more...)
Canadian airlines flying passengers home ahead of Hurricane Irma Canadian airlines flying passengers home ahead of Hurricane Irma
- September 11, 2017

Irma is now forecast to be near Miami, Florida , by Saturday night. In addition, the United Nations said some military and police from the "drawn-down" of the United Nations peacekeeping mission in the country, known as MINUSTAH, are preparing to be deployed to assist the Haitian National Police. (more...)
Traders Focused Stock:- Restaurant Brands International Inc. (QSR) Traders Focused Stock:- Restaurant Brands International Inc. (QSR)
- September 11, 2017

This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.19. Martingale Asset Management Limited Partnership has 8,603 shares. The stock's 50 day moving average is $60.91 and its 200 day moving average is $58.83. Analysts have placed a $58.91 price target on Restaurant Brands International Inc., suggesting a -6.6% decline from recent close. (more...)
China Investment offloads 7.26% stake in Teck Resources China Investment offloads 7.26% stake in Teck Resources
- September 11, 2017

The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Teck Resources had 28 analyst reports since December 13, 2016 according to SRatingsIntel. On average, equities analysts anticipate that Teck Resources Ltd will post $3.54 earnings per share for the current fiscal year. If you are accessing this piece on another website, it was stolen and reposted in violation of global copyright & trademark legislation. (more...)
SL Green Realty Corporation (NYSE:SLG) Trading Down - Short Interest Up 11.56%
- September 11, 2017

About 2.32 million shares traded or 14.85% up from the average. Kimco Realty Corp (NYSE:KIM) has declined 31.73% since September 9, 2016 and is downtrending. The rating was maintained by RBC Capital Markets on Thursday, June 8 with "Buy". Hosking Partners Llp added to its investment by buying 6,577 shares an increase of 1.6% in the quarter. (more...)
The Way Analysts See HP Inc. (HPQ) And GameStop Corp. (GME)
- September 11, 2017

About 8.56M shares traded or 15.99% up from the average. It has outperformed by 3.59% the S&P500. Lmm Llc increased Gamestop Corp New ( GME ) stake by 38.48% reported in 2016Q4 SEC filing. (NYSE: GME ). Sprott Inc invested in 410,000 shares. Balasa Dinverno & Foltz Ltd Co accumulated 8,037 shares. The insider now holds 40,903 shares of GameStop Corp . (more...)
Chesapeake Energy Corporation (CHK) Expected to Post Quarterly Sales of $1.12 Billion Chesapeake Energy Corporation (CHK) Expected to Post Quarterly Sales of $1.12 Billion
- September 11, 2017

EPS Estimate for the next year is 0.8. Accordingly, the company had completed 61 wells in the Eagle Ford basin in 1H17, and wanted to increase this number to 100 wells in 2H17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Moreover, Apg Asset Management Us Inc. (more...)
Astrazeneca PLC (AZN) is Holowesko Partners Ltd.'s 8th Largest Position Astrazeneca PLC (AZN) is Holowesko Partners Ltd.'s 8th Largest Position
- September 11, 2017

The company now has a consensus rating of "Hold" and an average target price of GBX 245.35 ($3.17). Several institutional investors have recently made changes to their positions in AZN. Astrazeneca PLC had a return on equity of 35.90% and a net margin of 17.80%. Envestnet Asset Management stated it has 1,103 shares. In the last earnings report the EPS was $1.53 and is estimated to be $1.85 for the current year with 2,532,000,000 shares now outstanding. (more...)
Aetna Inc. (NYSE:AET) Holdings Maintained by Pzena Investment Management LLC
- September 11, 2017

CONTINENTAL GOLD INC (TSE:CNL) has 0.00% since September 9, 2016 and is. It has outperformed by 5.92% the S&P500. Cambridge Investment Research Advisors Inc sold 3,372 shares as Aetna ( AET)'s stock rose 12.84%. Piper Jaffray initiated the shares of AET in report on Wednesday, January 4 with "Neutral" rating. Finally, RBC Capital Markets restated a "buy" rating and set a $145.00 price target on shares of Aetna in a research note on Tuesday, January 3rd. (more...)
Analyst Commentary On Bank of the Ozarks (OZRK), Cleveland-Cliffs Inc. (CLF) Analyst Commentary On Bank of the Ozarks (OZRK), Cleveland-Cliffs Inc. (CLF)
- September 11, 2017

Analysts expect Bank Of The Ozarks Inc (NASDAQ: OZRK ) to report $0.74 EPS on October, 10.They anticipate $0.08 EPS change or 12.12% from last quarter's $0.66 EPS. Teacher Retirement Systems Of Texas holds 0% or 11,407 shares. Among 9 analysts covering Bank of the Ozarks (NASDAQ:OZRK), 7 have Buy rating, 0 Sell and 2 Hold. (more...)
How Tesla Is Helping Florida Drivers Escape Hurricane Irma How Tesla Is Helping Florida Drivers Escape Hurricane Irma
- September 11, 2017

Tesla actually has a very robust supercharger network in the state of Florida, but numerous superchargers were busy as owners attempted to head north for evacuation. Faced with an order to leave, one Tesla owner contacted the company, saying that they needed an additional 30 miles of range to get out of the mandatory evacuation zone they were in. (more...)
Active rig count declines for second week across Western Canada Active rig count declines for second week across Western Canada
- September 11, 2017

ValueAct Holdings L.P. now owns 31,407,820 shares of the oilfield services provider's stock worth $1,878,816,000 after purchasing an additional 4,000,000 shares during the period. (The) reissued a "sell" rating on shares of Baker Hughes A GE in a research report on Tuesday, July 18th. The stock has "Speculative Buy" rating by Seaport Global on Thursday, December 3. (more...)
Inc. Has $2.69 Million Position in Procter & Gamble Company (The) (PG) Inc. Has $2.69 Million Position in Procter & Gamble Company (The) (PG)
- September 11, 2017

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Thursday, July 27th. It has underperformed by 9.16% the S&P500. Rodgers Brothers stated it has 98,934 shares. 10,973 are owned by Rock Point Advsrs Llc. Roper Technologies Inc (NYSE:ROP) was reduced too. Since May 1, 2017, it had 0 insider purchases, and 7 selling transactions for $17.28 million activity. (more...)
The Andra AP fonden Purchases Shares of 72200 Range Resources Corporation (RRC) The Andra AP fonden Purchases Shares of 72200 Range Resources Corporation (RRC)
- September 11, 2017

Millennium Mngmt holds 0.21% of its portfolio in Range Resources Corp. (NYSE: RRC ). 362,572 were reported by Susquehanna Group Limited Liability Partnership. During such technical setups, fundamental investors usually stay away and are careful buying the stock. In other Range Resources Corporation news, Director James M. (more...)
Quarterly Financial Watch for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Quarterly Financial Watch for Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
- September 11, 2017

New York Life Investment Management LLC owned 0.64% of Patterson-UTI Energy as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently made changes to their positions in the company. The stock now has a consensus rating of "Buy" and an average target price of $27.25. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.10 for PTEN and 2.70 for RDC, which implies that analysts are more ... (more...)
Puerto Rican Gov't on Alert Due to Hurricane Irma Puerto Rican Gov't on Alert Due to Hurricane Irma
- September 11, 2017

The government of Puerto Rico warned its population Tuesday about the danger of Hurricane Irma, which is expected to partially affect Puerto Rico on Wednesday afternoon. Radar data of the plane's flight path offered a spectacular show for aviation enthusiasts who followed in real time as Delta Flight 431 headed south right into the risky storm before noon. (more...)
What the Technicals Say About Walgreens Boots Alliance, Inc. (WBA) What the Technicals Say About Walgreens Boots Alliance, Inc. (WBA)
- September 11, 2017

Welch & Forbes LLC now owns 96,882 shares of the pharmacy operator's stock worth $8,046,000 after buying an additional 4,453 shares in the last quarter. 1,834,713 shares of the company were exchanged. WBA's profit will be $1.32 billion for 16.54 P/E if the $1.23 EPS becomes a reality. The stock of Walgreens Boots Alliance Inc (NASDAQ: WBA ) earned "Equal-Weight" rating by Barclays Capital on Thursday, March 10. (more...)
Topeka-based Guardsmen brace for Hurricane Irma Topeka-based Guardsmen brace for Hurricane Irma
- September 10, 2017

About 50,000 tourists are fleeing or have fled Cuba, with resorts on the north coast now empty, the news agency reports. There are over 17,000 tourists now staying at hotels in Varadero, the largest sun and beach resort in the country, located in the western province of Matanzas, an area which won't be hit by the Hurricane if it turns north as predicted thus far and heads towards Florida. (more...)
Richard Branson rides out Hurricane Irma in wine cellar Richard Branson rides out Hurricane Irma in wine cellar
- September 10, 2017

Hours later, after the storm had passed, Branson's son Sam said that everyone on the island was OK but that a lot of buildings were destroyed. Britain sent a C-17 military transport plane with 50 troops and humanitarian aid on board, heading to Barbados and the British Virgin Islands, while another was to head to the Caribbean later Friday, officials said. (more...)
US Airlines, Airports Prepare For Irma's Arrival US Airlines, Airports Prepare For Irma's Arrival
- September 10, 2017

American Airlines , for example, told BuzzFeed that the airline company is trying to add more flights to its schedule to accommodate those who are trapped. The Federal Aviation Administration said today its Miami-based traffic controllers handled 11,530 flights on Thursday, compared with 8,847 the same day a week earlier. (more...)
How Did Harvey Affect US Oil Stockpiles? We're About To Find Out
- September 10, 2017

Crude oil futures inched lower Thursday but held above $49 a barrel after government data confirmed a large build in US oil inventories. With U.S. Gulf Coast ports and refineries out of commission, European and Asian refiners have had to increase production, elevating their demand for crude supplies. (more...)
Sadio Mane appeal would be Sadio Mane appeal would be "another waste of time" says Jurgen Klopp
- September 10, 2017

Pep Guardiola was not convinced Sadio Mane deserved to be sent-off in an incident that shaped Manchester City's 5-0 beating of Liverpool on Saturday. "You have to defend better ". But he added: "I'm sure enough people will find a reason to say it's 100 per cent a red card". 45+6' - GOAL! Manchester City 2-0 Liverpool (Jesus). (more...)
The Way Analysts See MannKind Corporation (MNKD) And Marathon Petroleum Corporation (MPC) The Way Analysts See MannKind Corporation (MNKD) And Marathon Petroleum Corporation (MPC)
- September 10, 2017

Marathon Oil Corp now has $9.63 billion valuation. The Price to Sales (P/S) ratio of the stock is 2.17, while P/B (Price to Book) stands at 0.8. The overall volume in the last trading session was 10.87 million shares. Therefore 34% are positive. Finally, Kensico Capital Management Corp raised its position in shares of Marathon Petroleum Corporation by 7.7% in the first quarter. (more...)