Economy

Citigroup profits fall 3 percent, hurt by credit costs

Citigroup profits fall 3 percent, hurt by credit costs Citigroup's second-quarter net income slipped 3.2 percent to $3.87 billion, or $1.28 a share. Revenue was $17.901 billion, defying forecasts of a decline from $17.548 billion a year ago, driven by upticks in consumer and corporate banking. [Full Article...]

Abercrombie & Fitch Company (ANF) PT Set at $13.00 by Jefferies Group LLC

Abercrombie & Fitch Company (ANF) PT Set at $13.00 by Jefferies Group LLC Norges Bank acquired a new stake in Abercrombie & Fitch Company during the fourth quarter valued at approximately $12,227,000. Institutional investors now hold around $681 million or 0% in ANF stock. Equities analysts expect that Abercrombie & Fitch Company will post ($0.31) earnings per share for the current fiscal year. Since February 27, 2017, it had 0 buys, and 6 insider sales for $5.51 ... [Full Article...]

JPMorgan proves its profits don't depend on traders

JPMorgan proves its profits don't depend on traders On October 17 the stock rating was downgraded from "Outperform" to "Market Perform" by analysts at Buckingham. Richard Chilton decreased its stake in Sei Investments Co (SEIC) by 82.83% based on its latest 2016Q4 regulatory filing with the SEC. [Full Article...]

Three escaped South African lions shot dead after killing cow

Three escaped South African lions shot dead after killing cow The same individual is also believed to have wounded another lion. South African National Parks determined the best course of action was to shoot the third lion along with its wounded companion. "The park is still searching for the four lions reported missing two days ago‚" the union said in a statement. "Last night the lions killed cattle on a farm and the farmer killed one of the three lions... [Full Article...]

Can The Affordable Care Act Be Repaired?

Can The Affordable Care Act Be Repaired? That's because the Senate bill would also wring out $772 billion from Medicaid - the joint state-federal insurance program that is the single-largest provider of care for people with serious mental illness. Both senators say they oppose the current version of the Senate GOP's measure because of the Medicaid provisions and how they could impact treatment for opioid addiction in their states. [Full Article...]

Fastenal Company shares surge as growth returns

Fastenal Company shares surge as growth returns Corporate insiders own 0.55% of the company's stock. It has outperformed by 13.04% the S&P500. Suntrust Banks Inc. raised its stake in shares of Fastenal Company by 0.8% in the first quarter. For the week, the stock is performing -1.04%. Keefe Bruyette & Woods maintained the stock with "Hold" rating in Friday, June 16 report. Fastenal Company also saw some unusual options trading activity on... [Full Article...]

Wells Fargo Slips on Mixed Results

Wells Fargo Slips on Mixed Results Shortly after the Consumer Protection Board reported the matter in conjunction with levying a $100 million fine, Wells Fargo fired 5,300, people including four executives . Wells Fargo set aside $555 million as provisions for loan losses in the quarter, down 48.3 percent, citing an improvement in its energy loan portfolio. [Full Article...]

China's trade with North Korea rises 10%

China's trade with North Korea rises 10% Trade between China and North Korea grew nearly 40% in the first quarter. "The maintenance of normal economic and trade exchanges between China and [North Korea] does not violate Security Council's resolutions", the foreign ministry spokesman said. [Full Article...]

Chinese group bids $11.6bn for Singapore's GLP

Chinese group bids $11.6bn for Singapore's GLP The offer represents a premium of about 81 percent over the company's 12-month volume weighted average price of S$1.87, GLP said in a release. Seven consumer advocacy groups wrote to Attorney General Jeff Sessions to ask him to consider blocking AT&T's plan to buy Time Warner on the grounds that it will lead to higher prices and slow innovation in showing video online. [Full Article...]

Alpha Real Trust Ltd (LON:ARTL) Plans Dividend of GBX 0.60

Alpha Real Trust Ltd (LON:ARTL) Plans Dividend of GBX 0.60 These divisions include sales of all distribution channels and activities subdivided in to poultry, pork and other, processed, and other sales. About 2.56 million shares traded. On Wednesday, March 1 Bernardi David sold $215,750 worth of BroadSoft Inc (NASDAQ:BSFT) or 5,000 shares. GLASS DENNIS R had sold 47,995 shares worth $3.47M. [Full Article...]

Man Utd named third most valuable sports team

Man Utd named third most valuable sports team Interestingly, no National Hockey League, F1 or NASCAR entities made it on the list, but the Blackhaws and White Sox are still #1 in our hearts. The Chiefs were barely over $1 billion in value as recently as 2014, but now they're poised to cross the $2 billion barrier as soon as next year. [Full Article...]

Burning Stock on the move: Rent-A-Center, Inc. (RCII)

Burning Stock on the move: Rent-A-Center, Inc. (RCII) Wedbush Securities Inc. bought a new position in shares of Rent-A-Center during the first quarter worth about $146,000. LLC raised its stake in Rent-A-Center by 7.4% in the first quarter. The company's revenue for the quarter was down 11.2% on a year-over-year basis. Rent-A-Center, Inc. on 3/30/2017 reported its EPS as $0.41 with the analysts projecting the EPS of the stock as $0.49. [Full Article...]

EasyJet picks Austrian base for post-Brexit plan

EasyJet picks Austrian base for post-Brexit plan The new airline, EasyJet Europe, will be based in Vienna. Bosses say this is to ensure flights will be able to run across Europe and domestically within countries after the United Kingdom officially leaves the EU. An easyJet spokeswoman said: "Given the importance of aviation to all the economies of Europe as an enabler of trade, tourism and travel, we think it is important that the aviation mar... [Full Article...]

Senate Republicans Making New Health Care Push

Senate Republicans Making New Health Care Push Specific services may vary based on your state's requirements. He says the Senate will begin voting on the legislation next week in a showdown over one of the party's top priorities repealing much of Obama's health-care law. What from the first Senate bill likely stays in the revised bill? On Thursday, just before a new version of the existing Senate health care bill came out, CNN reported... [Full Article...]

Snap Inc. (NYSE:SNAP) Receives "Hold" Rating from Aegis

Snap Inc. (NYSE:SNAP) Receives Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in Snap during the first quarter valued at about $252,388,000. If you are viewing this news story on another publication, it was stolen and reposted in violation of US & global copyright & trademark law. If you are viewing this news story on... [Full Article...]

Dominion Midstream Partners, LP (DM) Shares Bought by UBS Group AG

Commscope Holding Company Inc (NASDAQ:COMM) has risen 25.42% since July 13, 2016 and is uptrending. It has outperformed by 12.42% the S&P500. Wells Fargo downgraded the stock to "Market Perform" rating in Wednesday, January 11 report. Sterne Agee CRT downgraded Wolverine World Wide, Inc. The firm has "Outperform" rating by Bernstein given on Tuesday, November 8. The firm has "Sell" rating by Susqu... [Full Article...]

'Challenging' for US economy to meet growth target: Yellen

'Challenging' for US economy to meet growth target: Yellen While such low inflation normally would keep the Fed from raising interest rates , it has instead hiked rates twice so far this year, and expects to do so once more. The Japanese yen strengthened 0.64 percent to trade at 113.20 per dollar. "That's why you have not seen much in the way of additional follow through in dollar demand". [Full Article...]

SoundCloud denies it's running out of money, claims it's 'confident' about profitability

SoundCloud denies it's running out of money, claims it's 'confident' about profitability In his initial statement on the layoffs, shared July 6, Ljung explained the staff cuts served as a method of ensuring the company's path to "long-term, independent success". Due to the extensive number of inaccuracies, we will only comment regarding funding and layoffs . Soundcloud's biggest asset was it levelled the playing field, and at one point, the cream really did rise to the top. [Full Article...]

If you care so much, Coke, why aren't your bottles 100% recycled?

If you care so much, Coke, why aren't your bottles 100% recycled? In a series of campaigns, Greenpeace has shone the spotlight on Coca-Cola, revealing that the company sellings more than 100 billion single-use plastic bottles every year - that, to make matters worse, are were mostly produced by newly created, rather than recycled, plastic. [Full Article...]

In Case You Were Wondering, Yes: Sansa and Arya are Friends

From her earring creeper at the Met Gala, to her Louis Vuitton futuristic boots and her spiky gold necklace, Turner loves adding a little bit of a rock star edge to her look via her accessories. "Every woman is strong, no matter whether they are Queen of the North or they are homeless and not doing particularly well for themselves". And the ability to kind of hopefully bring the people that sh... [Full Article...]


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