Economy

Amazon.com to acquire Whole Foods at US$42 per share

Amazon.com to acquire Whole Foods at US$42 per share In one fell swoop, Amazon founder Jeff Bezos has charged into the supermarket business with the US$13.7 billion (S$19 billion) acquisition of Whole Foods last Friday. It comes out to roughly $42 a share - a 27% premium on its closing price on Thursday. According to multiple reports , Whole Foods also invested in Instacart . [Full Article...]

Zion Oil & Gas, Inc. (NASDAQ:ZN) Recent Ownership Changes

Zion Oil & Gas, Inc. (NASDAQ:ZN) Recent Ownership Changes On average, equities research analysts expect that Carrizo Oil & Gas will post $1.23 EPS for the current year. ROIC is a profitability ratio that measures the return that an investment generates for those providing capital. (NYSE:JONE) has been 1.2 million shares per day over the past 30 days. 4,072 shares were sold by Pitts David L . Insiders have sold 47,453 shares of company stock worth $1,321... [Full Article...]

Analysts See $0.88 EPS for Kilroy Realty Corp (KRC)

Analysts See $0.88 EPS for Kilroy Realty Corp (KRC) They now have a United States dollars 76 price target on the stock. The Waterfront Capital Partners Llc holds 123,975 shares with $13.33 million value, up from 47,402 last quarter. In the last earnings report the EPS was $2.21 and is projected to be $1.62 for the current year with 101,774,000 shares presently outstanding. After $0.81 actual EPS reported by Kilroy Realty Corp for the previous quart... [Full Article...]

Warren Buffett's Berkshire Hathaway to buy into troubled Home Capital Group

Warren Buffett's Berkshire Hathaway to buy into troubled Home Capital Group Berkshire Hathaway will acquire more than 16 million common shares of Home Capital for $153.2 million and make an additional investment of more than $246.8 million to acquire almost 24 million shares. Buffett didn't immediately respond to a message seeking comment. Home's board said after considering numerous alternative proposals Berkshire transaction provided current shareholders wi... [Full Article...]

Oil Prices Come Off Recent Lows

On the economic front, markets could be reacting to Tropical Storm Cindy, which made landfall on the southern US coast and is disrupting port activities. Brent was trading at $46.18, while USA crude was at $43.72. West Texas Intermediate, the US benchmark for the price of oil, was up 0.47 percent to $42.73 per barrel. [Full Article...]

Gorkhas in city lend support to demand for new state in Bengal

Gorkhas in city lend support to demand for new state in Bengal Speaking to Catch, GJM general secretary Roshan Giri said, "We want a CBI inquiry into this case as wel believe the state government is putting false charges on us". BJP state president Dilip Ghosh accused the government of being dictatorial. All 12 parties operating in the Hills, which took part in GJM sponsored June 22 meeting in the hills, have already made a decision to boycott the governm... [Full Article...]

In major blow to Brazil, US suspends meat product imports

In major blow to Brazil, US suspends meat product imports The USDA release said the USDA's Food Safety and Inspection Service (FSIS) has been inspecting all shipments of beef since March and that it has rejected about 11% of the beef. The objective of the audits was to verify in particular if the Brazilian system in place was effective enough to guarantee the safety and traceability of products intended for export to the EU. [Full Article...]

How Many Synchrony Financial (NYSE:SYF)'s Analysts Are Bullish?

Total cash per share on the most recent quarter is 14.05. LLC acquired a new position in Synchrony Financial during the fourth quarter valued at $5,912,000. There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Synchrony Financial (SYF ), we will discuss a few. [Full Article...]

Chinese parents alarmed by miniature crossbow craze

Chinese parents alarmed by miniature crossbow craze Reports say parents across China have raised concerns with schools, with many calling for a nationwide ban. "And when the toothpick is swapped for a metal needle it becomes a risky weapon". If the toothpick is replaced with a metal needle, it can even crack through a can of soda. Reacting to criticism from parents, the country's leading online platforms JD.com and Taobao.com have said they won'... [Full Article...]

FCC may fine robocall spammer $120 million for illegal spoofing

FCC may fine robocall spammer $120 million for illegal spoofing In the FCC's first action against a large-scale spoofing operation, the agency verified more than 80,000 calls during the last three months of 2016. These agencies contracted with Abramovich to receive calls generated by his robocall operation, paying him daily for various amounts of phone calls, the FCC said. [Full Article...]

Fosun, Wanda, Anbang and HNA being investigated

Fosun, Wanda, Anbang and HNA being investigated The company subsequently denied as "malicious speculation" rumours that some banks were offloading the company's bonds. Regulators in China have stepped up their scrutiny of bank lending to local firms engaged in large-scale overseas acquisitions, including HNA, which bought Dublin-based aircraft leasing company Avolon in 2015 and is Deutsche Bank's biggest shareholder. [Full Article...]

Software export growth to slow, Nasscom says

Software export growth to slow, Nasscom says This outlook comes on the back of political and economic uncertainties that impacted decision making and discretionary spend during the past year. The exports are likely to be worth $124-125 billion - up from $116 billion (in constant currency) during the previous fiscal. [Full Article...]

Jack Ma predicts in 30yrs people will work 4 hours a day

Jack Ma predicts in 30yrs people will work 4 hours a day While claiming that the artificial intelligence would allow people to work less and travel more, the teacher-turned-billionaire said that he does not like the idea of machines replacing humans. While he is a supporter of the increased connection of people around the world, Ma is anxious about the pain the technology revolution will cause. Ultimately, the billionaire said that humans could never ... [Full Article...]

Fed: US banks have money for crisis

Fed: US banks have money for crisis The 34 bank holding companies tested-generally those with $50 billion or more in total consolidated assets-represent more than 75 percent of the assets of all domestic bank holding companies. The Federal Reserve on Thursday is also due to publish the results of annual stress tests for major banks, which are called for under Dodd-Frank and meant to make sure lenders are on solid capital footing i... [Full Article...]

Equity markets close on a flat note

Equity markets close on a flat note There was also a spell of taking profit off the table, which pulled the index down. But soon, it headed down and settled with a marginal rise of 7.10 points, or 0.02 per cent, at 31,290.74. On the other hand, the S&P BSE banking index was up by 42.31 points, the finance index by 8.01 points and the telecom index by 0.20 points. Zee Entertainment Enterprises, Ambuja Cement, HDFC, Aurobindo Pharma... [Full Article...]

Oracle profit beats as cloud shift gains steam, shares at record

Oracle profit beats as cloud shift gains steam, shares at record The company's stock surged after the Oracle 4Q F2017 earnings report , climbing by as much as 8.4% to $50.22 in after-hours trade. Jpmorgan Chase And holds 5,504 shares or 0% of its portfolio. Menora Mivtachim Holdings Ltd decreased Anadarko Pete Corp (NYSE:APC) stake by 13,207 shares to 6,300 valued at $439,000 in 2016Q4. 111 funds opened positions while 239 raised stakes. [Full Article...]

Elon Musk's Tesla looks set to launch its own music streaming service

Elon Musk's Tesla looks set to launch its own music streaming service Reportedly, Apple's deals with the music industry end in the end of June, and if the two parties can't agree on new terms, they will automatically be renewed. However, the deal is said to be more complex as iTunes is included as well, but both sides are said to be happy about the rapid increase in Apple Music's popularity and the relatively slow decline of digital downloads via iTunes. [Full Article...]

Outstanding Analyst Ratings For Shire Plc (LON:SHP)

Lee Danner & Bass Inc, a Tennessee-based fund reported 841,082 shares. River Road Asset Ltd Limited Liability Company holds 938,977 shares or 0.75% of its portfolio. JP Morgan maintained the shares of LGEN in report on Thursday, February 4 with "Underweight" rating. The firm has "Buy" rating given on Friday, August 5 by Peel Hunt. [Full Article...]

Coal company sues HBO's John Oliver for defamation

Coal company sues HBO's John Oliver for defamation In addition, Oliver said that when his show reached out to Murray for comment before airing Monday's episode, the coal mogul responded immediately with a cease-and-desist letter. On his HBO show, Oliver poked holes in Trump's claims that his administration can erase the coal industry's broader economic problems and revive thousands of jobs. [Full Article...]

Mickelson, Fowler among top names at St Jude Classic

Yet the Spaniard, joint overnight leader, failed to make up the ground, meaning Berger could celebrate his second PGA Tour victory. A crowded group including Billy Horschel, Chez Reavie , Kevin Chappell and amateur Braden Thornberry finished T-4 at 8 under. [Full Article...]


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