Economy

Southwest Airlines jet diverts because of cracked window

Southwest Airlines jet diverts because of cracked window No emergency landing was requested, and the flight landed uneventfully with no reported injuries. There were no other mechanical problems with the plane, which was taken out of service, King said. Landing in Cleveland to be safe. Executives said last week that this had cost the airline bookings into May and up to $100 million in lost revenue. [Full Article...]

Merck posts strong first-quarter profit, but revenue light

Merck posts strong first-quarter profit, but revenue light About 3.17M shares traded. MRK is downtrending and has moved 14.94% since May 2, 2017. MRK underperformed by 26.49% the S&P500. It also reduced its holding in Dana Holding Corp (NYSE:DAN) by 126,237 shares in the quarter, leaving it with 115,846 shares, and cut its stake in Progressive Waste Solutions Ltd. [Full Article...]

Nikola Motors sues Tesla for $2 billion over alleged design-patent infringement

Nikola Motors sues Tesla for $2 billion over alleged design-patent infringement The company alleges it sent Tesla a letter on November 7, 2017, less than 10 days before it revealed its all-electric semi, that it had "identified the semi-truck design features Nikola was patenting and demanded that Tesla not unveil its semi until Tesla's infringement had been resolved". [Full Article...]

Amazon Reportedly Makes Offer on India-Based e-Commerce Flipkart

Amazon Reportedly Makes Offer on India-Based e-Commerce Flipkart As reported by FactorDaily earlier, the CNBC TV18 report also states that Amazon, in its bid, has offered a breakup fee of $ 2 billion . The deal, in which Walmart will buy at least 55% stake may value the Indian ecommerce major at over $20 billion. [Full Article...]

United Airlines To Resume Shipping Pets In Cargo Holds, With Exceptions

United Airlines To Resume Shipping Pets In Cargo Holds, With Exceptions In 2017, 18 animals died on United flights - three-fourths of all such deaths on US airlines. United said it will resume reservations June 18 for pets traveling with their owner on flights beginning July 9. This all comes after United's mishaps with animals in the past few months. Several breeds that the ban applies to include the Boxer, English Bulldog, French Bulldog, Cavalier King Charles... [Full Article...]

For Better and for Worse, Yum! Brands Defies Q1 Estimates

For Better and for Worse, Yum! Brands Defies Q1 Estimates YUM's profit will be $223.31M for 31.84 P/E if the $0.68 EPS becomes a reality. It is an important parameter for investors (as they compare the current trading price of the stocks and bonds to the highest/lowest prices they have reached in the past 52 weeks) in making investment decisions. [Full Article...]

Fujifilm likely to review deal with Xerox

Fujifilm likely to review deal with Xerox The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. Fujifilm said it has "serious concerns" about Xero's announcement and planned to appeal a court ruling last week that temporarily blocked the takeover, according to published reports . [Full Article...]

Shareholder Gruss & Co INC Decreased Amazon Com INC (AMZN) Stake

Shareholder Gruss & Co INC Decreased Amazon Com INC (AMZN) Stake The stock outperformed the S&P 500 by 65.23%. Rwc Asset Management Llp increased its stake in Amazon Com Inc (AMZN ) by 18.97% based on its latest 2017Q4 regulatory filing with the SEC. The rating was upgraded by B. Riley & Co on Friday , July 24 to "Buy". The rating was maintained by J.P. Morgan on Wednesday, May 31 with "Buy". The firm has "Buy" rating by Monness given on Wednesday, April ... [Full Article...]

March consumer spending rebounds 0.4 percent as wages rise

March consumer spending rebounds 0.4 percent as wages rise China's yuan dropped to a 2-1/2 month low after the central bank set a much lower official fixing, while the South Korean won fell almost 1 percent. Today, we saw that the Fed's preferred measure of consumer costs, the Personal Consumption Expenditure price index may have been flat between February and March, but it rose by 2% over the year. [Full Article...]

Gilead Sciences misses on 1Q earnings and revenue, maintains outlook

Since January 2, 2018, it had 0 insider buys, and 19 selling transactions for $40.38 million activity. ( NASDAQ : GILD ) shares were sold by Washington Robin L. Gilead Sciences has a fifty-two week low of $63.76 and a fifty-two week high of $89.54. MRC Global had 36 analyst reports since August 6, 2015 according to SRatingsIntel. [Full Article...]

Under Armour sees first-quarter loss, but sales beat estimates

Under Armour sees first-quarter loss, but sales beat estimates In other Under Armour news, CRO Karl-Heinz Maurath sold 54,632 shares of the business's stock in a transaction dated Wednesday, August 24th. Buckingham Research initiated the shares of UA in report on Friday, January 5 with "Hold" rating . [Full Article...]

Gibson Guitars Files For Bankruptcy To Save Company

Gibson Guitars Files For Bankruptcy To Save Company To implement the agreement, the company and its USA subsidiaries today filed pre-negotiated reorganization cases under Chapter 11 of the US bankruptcy code. As Bloomberg notes, " Juszkiewicz , who has found himself at odds with creditors in recent months, will continue with the company upon emergence from bankruptcy 'to facilitate a smooth transition, ' according to the agreement". [Full Article...]

Scotland Alcohol Pricing: Minimum Set in Public Health Move

Scotland Alcohol Pricing: Minimum Set in Public Health Move It added that high-strength cider and own-brand vodka and whisky could be bought for as little as 18p per unit of alcohol. Professor Sir Ian Gilmore, chair of the Alcohol Health Alliance UK (AHA), said: "Cheap alcohol is wrecking lives and livelihoods in England as well as Scotland". [Full Article...]

Snap shares in free-fall as users snub redesign

Snap shares in free-fall as users snub redesign Revenue stood at $230.7m (£169.4m) in the first quarter of this year, up 54 per cent on last year thanks to the grow of Snap Ads. Despite slower-than-expected growth, Snap remains a competitive consumer-facing tech company, according to eMarketer analyst Debra Aho Williamson. [Full Article...]

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC): Wall Street Analyst Opinions in Focus

Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 24.45% since April 30, 2017 and is downtrending. It has underperformed by 50.85% the S&P500. Cibc Asset holds 0% or 7,560 shares. Guggenheim Capital Ltd accumulated 0% or 71,385 shs. L & S Advsr has 8,891 shs for 0.1% of their capital. Creative Planning reported 20,549 shares. [Full Article...]

The Nobel Prize in Literature 2018 might be cancelled

The Nobel Prize in Literature 2018 might be cancelled According to a witness, Arnault "caressed her lower back and going down", forcing one of her aides to "step in and pull him off her". While the academy is not responsible for the abuse of the women, numerous members say they believe that the name of the Swedish Academy may have been thrown around to facilitate those abuses, Sara Danius told Svenska Dagbladet . [Full Article...]

AK Steel Holding (AKS) Expected to Announce Quarterly Sales of $1.55 Billion

AK Steel Holding (AKS) Expected to Announce Quarterly Sales of $1.55 Billion The firm earned "Hold" rating on Monday, January 22 by Citigroup. The stock has "Sell" rating by Vertical Group on Tuesday, March 13. The stock of HCP, Inc. Hanesbrands Inc. (NYSE:HBI) has declined 8.16% since April 30, 2017 and is downtrending. It has underperformed by 49.81% the S&P500. Market cap will give you an idea of the size of equity, which can help gauge similar stocks in similar sectors... [Full Article...]

Police Found Drugs In Bomber Thompson's Bedroom During Raid

Police Found Drugs In Bomber Thompson's Bedroom During Raid Thomspson will face the Melbourne Magistrates' Court this afternoon. Police allegedly found his DNA on packaging which contained more than 33 grams of ice, 4.2 grams of amphetamines and an LSD tablet, the Herald Sun reported. AFL greats and friends of Thompson spoke out on Tuesday about their concern for the former Geelong premiership coach. He coached Geelong to two premierships before ret... [Full Article...]

CEO apologizes for singing 'We're in the Money' after takeover

CEO apologizes for singing 'We're in the Money' after takeover Walmart is building fewer big stores and increasing its focus on internet businesses as consumers increasingly turn to online shopping and it faces competition from Amazon. Coupe, who used to work for Asda, Sainsbury's Chairman David Tyler and finance chief Kevin O'Byrne will all retain their positions in the merged company. [Full Article...]

BP profit surges as output grows, but debt rises

BP profit surges as output grows, but debt rises BP's operating cash flow, not including oil spill payments, amounted to US$5.4bn and included a US$1.8bn draw related to increased capital spending. Underlying profits were also up, with BP posting an underlying recurring cost profit of almost $2.6 billion, up from $1.5 billion a year earlier. [Full Article...]


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