Economy

Next global cyber-attack likely on Monday

The leaked hacking tools publicized a Windows vulnerability. While any sized company could be vulnerable , many large organizations with robust security departments would have prioritized the update that Microsoft released in March and wouldn't be vulnerable to Friday's attack. [Full Article...]

Sorl Auto Parts Up 30% After Q1 Beat, Raised Guidance

California Public Employees Retirement System increased its stake in Sorl Auto Parts, Inc . The company's expected revenue in the current quarter to be 71.76 Million, seeing a projected current quarter growth of 650%, and per annum growth estimates over the next 5 year period of around 5%. [Full Article...]

Investors Alert -: Cabot Oil & Gas Corporation (COG)

Investors Alert -: Cabot Oil & Gas Corporation (COG) Bernstein. Investors measure stock performance on the basis of a company's earnings power. Bank of America Corp upgraded shares of Cabot Oil & Gas Co. The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. The ex-dividend date is Monday, May 15th. This is an increase from Cabot Oil & Gas Co.'s previous quarterly dividend of $0.02. [Full Article...]

Edelweiss Financial Q4 net rises 40 per cent to Rs 170 crore

Edelweiss Financial Q4 net rises 40 per cent to Rs 170 crore The newly-appointed Managing Director Sunil Mehta of bank said the bank witnessed improvement in gross net performing assets (NPAs) or bad loans which declined to 12.53 per cent of gross advances at the end of March this year, as against 12.90 per cent year ago. [Full Article...]

Rogue OPEC member could upset Russian Federation and Saudi Arabia's 'new oil order'

Global benchmark Brent crude added 1.7 percent to $51.69 on the ICE Futures Europe exchange. With 10 days to go until OPEC's meeting, a combination of well-chosen words and the short positions built up by hedge funds suggest prices could go higher. [Full Article...]

Twenty-First Century Fox Inc (FOXA) Stock Rating Upgraded by Rosenblatt Securities

Synovus Financial Corp increased its stake in Twenty-First Century Fox by 53.1% in the third quarter. OLD Mutual Customised Solutions Proprietary Ltd. 05/11/2017 - Twenty-First Century Fox, Inc. was upgraded to "buy" by analysts at Rosenblatt Securities. The High Revenue estimate is predicted as 7.11 Billion, while the Low Revenue Estimate prediction stands at 6.52 Billion. [Full Article...]

Chaffetz: I'm ready to subpoena for Comey memo

If the actual memo resembles what The New York Times and others reported Tuesday night (without having actually seen it), a major independent probe of Russian meddling in U.S. But the White House has provided differing accounts of the firing. According to the Times , Comey wrote in the February memo that Trump told him Flynn had done nothing wrong. [Full Article...]

Compass Group (LON:CPG) Receives Hold Rating From Numis Securities Analysts

Credit Suisse downgraded ON Semiconductor Corp (NASDAQ:ON) on Tuesday, April 11 to "Underperform" rating. They expect $-0.01 EPS, down 150.00% or $0.03 from last year's $0.02 per share. Investors sentiment decreased to 0.85 in 2016 Q4. Its down 0.04, from 0.82 in 2016Q3. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/05/12/drax-group-plc-drx-upgraded-at-j... [Full Article...]

Housing Starts Declined in April

Housing Starts Declined in April Single-family housing starts in April were at a rate of 835,000; this is 0.4% ahead of the revised March figure of 832,000. Applications for building permits, an indicator of future activity, fell 2.5 percent in April, the second decline out of the past three months. [Full Article...]

Foreign property investors hit hard in Australian budget

Foreign property investors hit hard in Australian budget Marie Diron, associate managing director of Moody's Investors Service, said the agency assessed Australia's fiscal strength as "very high, a key support to the government's triple-A raiting and stable outlook" after the budget. On the government's move to hike the Medicare levy, he suggested the move would not cover the full cost of either the health system or the National Disability Insurance Sch... [Full Article...]

Brokers Change Their Target Price On American Eagle Outfitters, Inc. (NYSE:AEO)

Brokers Change Their Target Price On American Eagle Outfitters, Inc. (NYSE:AEO) Ausdal Financial Partners Inc. boosted its position in American Eagle Outfitters by 24.4% in the third quarter. The short ratio in the company's stock is documented at 6.07 and the short float is around of 16.81%. The stock of American Eagle Outfitters (NYSE:AEO) earned "Peer Perform" rating by Wolfe Research on Thursday, March 2. COPYRIGHT VIOLATION WARNING: This news story was originally p... [Full Article...]

US, European officials to discuss proposed expansion of in-flight laptop ban

US, European officials to discuss proposed expansion of in-flight laptop ban The ban would dwarf in size the current one, which was put in place in March and affects about 50 flights per day from 10 cities, mostly in the Middle East. She said members of the European Commission also sent a letter to their USA counterparts on Thursday, expressing the EU's wish to "continue to pursue the very close cooperation" the bloc has had with the US on aviation security. [Full Article...]

China pledges over US$100bn for One Belt, One Road

On Sunday, Xi pledged US$124 billion for the new Silk Road which expands links between Asia, Africa, Europe and beyond. "So, China welcomes the participation of India into the Belt and Road initiative ", she said. Italy is willing to participate in cooperation under the Belt and Road framework, particularly in the field of infrastructure, and to strengthen collaboration with China in areas link... [Full Article...]

Protesters injured outside Turkish embassy in DC after Trump-Erdogan meeting

Erdogan, according to a simultaneous translation of his remarks, predicted the visit "will mark a historical turn of tide" for the relationship, at times fraught under the previous administration, and said that it is one "erected upon common democratic values and common interests". [Full Article...]

Passengers get into fistfight aboard Southwest flight

Passengers get into fistfight aboard Southwest flight The other passenger, whose name was not released, suffered a contusion and swelling of left eye, a small cut on left side of his nose, and a chipped tooth. One passenger was arrested, and another had minor injuries but remained on the plane as it continued to Oakland, it said. On a United Airlines flight a Kansas woman said she pulled down her trousers and urinated in a cup because nature called... [Full Article...]

Mexico's Coca-Cola Femsa ditches plans to buy US operations

Mexico's Coca-Cola Femsa ditches plans to buy US operations Advisor Group Inc. increased its stake in Coca-Cola Bottling Co. The company has a Return on Assets (ROA) of 6.80%. The First Fiduciary Investment Counsel Inc holds 301,007 shares with $12.48M value, up from 286,247 last quarter. Coca-Cola European Partners plc had a net margin of 8.49% and a return on equity of 21.76%. The company reported $0.43 EPS for the quarter, missing the consensus estimate... [Full Article...]

North Korea missile detected by THAAD, program progressing faster than expected

North Korea's missile and nuclear tests pose a threat to every country in the world, and the global community has to make a choice between supporting Pyongyang and facing the wrath of Washington, said United States ambassador to the UN Nikki Haley. [Full Article...]

Oil prices build on gains on expectation of extended crude supply cut

Oil prices build on gains on expectation of extended crude supply cut Crude sank to a five-month low earlier this month, rattled by concern over increasing US crude output that has shaken investors' faith in the ability of OPEC to rebalance the market. USA crude stockpiles probably fell by 2.75 million barrels last week, according to a Bloomberg survey before a government report Wednesday. "While compliance with the agreed production cuts by OPEC and the eleve... [Full Article...]

Frontier Communications Corp (FTR) Upgraded by Citigroup Inc to "Neutral"

In addition, and at the same time, the total number of shares of common stock that Frontier is authorized to issue will change from 1,750,000,000 shares to 175,000,000 shares. Investors of record on Thursday , June 15th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, June 13th. Texas-based Kanaly has invested 0% in Frontier Communications Corp (NASDAQ:FTR). [Full Article...]

Traders Secrets on Lexington Realty Trust (LXP), Stratasys Ltd. (SSYS)

Traders Secrets on Lexington Realty Trust (LXP), Stratasys Ltd. (SSYS) The firm earned "Sell" rating on Tuesday, May 10 by Stifel Nicolaus. The firm has "Hold" rating by TheStreet given on Wednesday, August 5. As per Friday, June 3, the company rating was upgraded by Nomura. The company has market cap of $2.37 billion. The Firm operates through four divisions based on four geographic countries or regions: United States, Canada, Europe and Asia. [Full Article...]


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