Economy

by | November 16, 2017 | 10:28

A key measure of U.S. inflation picked up in October, paving way for the Federal Reserve to raise interest rates before year's end. Month-on-month growth in retail sales is expected to be flat in October, though given the 1.6% surge in September, the figure is unlikely to cause any alarm.

by | November 16, 2017 | 07:29

However, auto manufacturers have raised concerns that this process could no longer be valid if no deal is agreed by March 2019. "Otherwise, there are significant costs involved in gaining another type approval, but also the semi-catastrophic effect of having to stop production, because we only produce cars in the United Kingdom".

by | November 16, 2017 | 05:08

Want to see what other hedge funds are holding IPG? In recent action, The Interpublic Group of Companies, Inc . (The) in a report on Friday, July 14th. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . It is negative, as 47 investors sold IPG shares while 160 reduced holdings.

by | November 16, 2017 | 05:14

For the past 5 years, Regal Entertainment Group's EPS growth has been almost 31.7%. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. Credit Suisse downgraded Regal Entertainment Group (NYSE:RGC) on Wednesday, February 1 to "Underperform" rating. The business had revenue of $811.50 million for the quarter, compared to the consensus estimate of $787.99 million.

by | November 16, 2017 | 05:23

In other news, EVP John F. Schultz sold 316,164 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 26th. The total value of its holdings increased 32.2%. During the same quarter in the prior year, the company earned $0.52 EPS. The average estimate of Wall Street analysts had projected 0.26. The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd.

by | November 16, 2017 | 05:03

Premier's grocery business unit reported half-year sales of £255.0M, up 1.9% on the same period a year ago. Worldwide revenue from brands such as Mr Kipling, Bisto and Loyd Grossman increased by 23% year-on-year in the six-month period. Premier Foods said that its first half revenue rose 1.5% to £353.3 million in the first half of its financial year, with trading profit steady at £48 million.

by | November 16, 2017 | 05:01

Wall Street's main indexes were lower on Wednesday as energy stocks remained under pressure after oil prices fell for a fourth straight day. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 2.00.

by | November 16, 2017 | 03:29

The stock has "Hold" rating by Zacks on Tuesday, September 1. The rating was maintained by Robert W. Baird with "Hold" on Thursday, August 24. The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period.

by | November 16, 2017 | 02:59

Brent was trading at $61.63 on Wednesday, while WTI was at $55.15, both down about 1 percent after posting their worst daily performance in about a month on Tuesday. "That can only encourage more and more US production coming on board", said Tariq Zahir, managing member of Tyche Capital Advisors. OPEC and some major producers outside the cartel, including Russian Federation, first agreed late a year ago to cap their production at around 1.8 million barrels a day lower than peak October 2016 ...

by | November 15, 2017 | 23:39

Louis Lambert International Airport. A Southwest Airlines pilot was arrested in St. Louis Wednesday morning for allegedly trying to bring a loaded gun onto a Las Vegas bound plane in his carry-on luggage. Lea said the pilot did not have any permit to carry a concealed weapon or any authorization to carry the firearm. A spokesman in the prosecutor's office said no charges had been filed at this point.

by | November 15, 2017 | 21:51

However, the company did reveal that as encryption and token-based authentication systems were implemented back in 2015, "only certain point of sale (PoS) devices in some Forever 21 stores were affected". "We regret that this incident occurred and apologize for any inconvenience". However, it did not specify which or how many of its stores were affected in the breach.

by | November 15, 2017 | 23:10

In the week ending November 10, Chesapeake Energy stock rose ~11%, compared to the previous week, which ended on November 3. A number of other hedge funds have also recently made changes to their positions in CPK. This works out to a net increase in ownership of 8.1 million shares, and suggests that institutions are feeling bullish about the stock. The correct version of this news story can be accessed at ...

by | November 15, 2017 | 20:01

The shares were sold at an average price of $50.07, for a total value of $820,997.79. The disclosure for this sale can be found here. TRADEMARK VIOLATION NOTICE: "Polaris Greystone Financial Group LLC Buys 6,574 Shares of Morgan Stanley (NYSE:MS)" was first posted by StockNewsTimes and is the sole property of of StockNewsTimes.

by | November 15, 2017 | 19:55

The rate of inflation based on WPI Food Index consisting of "Food Articles" from Primary Articles group and "Food Product" from Manufactured Products group increased from 1.99 per cent in September to 3.23 per cent in October, 2017. For vegetables, it soared to 36.61 percent last month as against 15.48 percent in September. In October previous year, it was 1.27 per cent. The RBI also raised its inflation forecast to the 4.2-4.6 per cent range for the rest of the current fiscal as against ...

by | November 15, 2017 | 19:54

Transamerica Financial Advisors Inc decreased its stake in Public Storage (PSA) by 69.3% based on its latest 2017Q2 regulatory filing with the SEC. The stock declined 0.43% or $0.3 reaching $70.85 per share. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its up 0.02, from 0.91 in 2017Q1. Transamerica Financial Advisors Inc sold 6,764 shares as the company's stock declined 5.00% while stock markets rallied.

by | November 15, 2017 | 20:13

The company net profit margin is -23.20% and gross profit margin is 33.00%. EPS serves as an pointer of a company's profitability/success. Additionally, here are a few investment firms who have increased or decreased their stake in ( PBR ).

by | November 15, 2017 | 21:01

Gulf fell to a one-year low, while refining rates rose in the latest week, led by a jump in East Coast refining, which is operating at a record 99.8 percent of capacity. Gasoline was trading down as well, -2.15 percent at $1.74. The S&P Global Platts survey forecast supply declines of 1 million barrels for gasoline and 2 million barrels for distillates.

by | November 15, 2017 | 20:24

According to Exxon Mobil Corporation ( XOM ) most recent 13F filing, the company has 72 new institutional holders - accounting for 7.65 million shares of its common stock. Richard C Young Limited holds 1.03% or 65,384 shares in its portfolio. Northwest Bancshares, Inc.is a savings and loan holding company. Flippin Bruce And Porter has 70,482 shares for 1.28% of their portfolio.

by | November 15, 2017 | 21:20

About 38,112 shares traded. Century Cos Inc holds 1.73 million shares or 0.08% of its portfolio. UBM Plc (LON:UBM) has 0.00% since November 15, 2016 and is. It has a 245.23 P/E ratio. The Engineered Conveyor Solutions is engaged in the manufacture of rubber ply belting, solid woven and steel cord conveyor belting for mining, power generation and industrial applications with complementary service operations, which design, install, monitor, maintain and operate conveyor systems for mining and ...

by | November 15, 2017 | 19:34

About shares traded. Lindsay Corporation (LNN) has risen 25.75% since November 14, 2016 and is uptrending. Roystone Capital Management Lp acquired 17,200 shares as Rockwell Collins Inc (COL)'s stock rose 9.83%. The Illinois-based Hightower Advisors Limited Co has invested 0.01% in CoreSite Realty Corp (NYSE:COR). Catalyst Capital Advsrs Ltd invested in 0% or 2,320 shares.

by | November 15, 2017 | 19:56

Base prices for the Huracan, which was first introduced in 2014, usually start at around 183,000 euros ($217,000.) A special edition built for a papal charity would be expected to fetch far more at auction . Pope Francis accepts a Lamborghini presented by representatives of the Italian automaker at the Vatican on 15 November. The money will go towards helping displaced Christians in Iraq, victims of trafficking and prostitution, and Italian charities working in countries in Africa.

by | November 15, 2017 | 19:47

After a recent scan, we can see that EnLink Midstream, LLC (NYSE:ENLC) has a Shareholder Yield of 0.059391 and a Shareholder Yield (Mebane Faber) of -0.04094. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, "The Little Book that Beats the Market". That value represents a market adjusting for revenues that have been growing by 3.82 % on a quarterly year/year basis as of the company's last quarterly report.

by | November 15, 2017 | 20:23

All new vehicles will have to be in compliance with the latest norms. There is no way any manufacturer will be able to sell BS-VI vehicles next year. The actual deadline for manufacturers to meet the BS VI norms is April 2020. "However, as far as the automobile industry is concerned, we are already working on a stretched deadline to launch BS VI vehicles by April 2020". One can of course choose to fill locally available BS4 fuel in their cars but it would be a futile exercise as vehicle will ...

by | November 15, 2017 | 19:21

Wells Fargo & Company ( WFC ) now has 4.92 million shares outstanding, which means that its market capitalization is $266.10B. The firm acquired 115,439 shares of the financial services provider's stock, valued at approximately $6,396,000. Amg Funds Ltd Com reported 32,045 shares. Rudman Errol M reported 0.42% stake. Wells Fargo & Company (WFC) has an operating margin of 80.90%. Asset Advsr Corp holds 1,382 shares.

by | November 15, 2017 | 17:43

The calendar does not contain any treats behind the doors. A Greggs spokeswoman told The Northern Echo: 'We're really sorry to have caused any offence, this was never our intention'. "What cowards these people are: we all know that they would never dare insult other religions!" Then again, didn't one of the three wise men bring sausage rolls as a gift for Jesus? However, food critic Jay Rayner said: "This is appalling.

by | November 15, 2017 | 17:45

Several other institutional investors and hedge funds have also added to or reduced their stakes in TGT . The company said sales at stores open at least a year increased 0.9% in the quarter ended October 28, compared with a 0.2% decline in the same period last year.

by | November 15, 2017 | 15:37

However, the higher cost to employers of minimum wage earners has failed to deliver a meaningful boost in overall wage growth, which edged up by just 0.5 per cent in the September quarter. Both private and public sector wages rose 0.5 percent q/q. The retail sector, for example, saw wage growth slow from 1.8 percent y/y in Q2 to 1.6 percent in Q3.

by | November 15, 2017 | 12:47

The quake occurred at around 2:29 p.m. some 9 kilometers north of Pohang, the Korea Meteorological Administration said . North Korea and South Korea are located in the region known as the Ring of Fire - which extends around the Pacific Ocean and is a hotspot for natural disaster activity.

by | November 15, 2017 | 12:24

We're expecting this year to be bigger and better than ever before, with more customers discovering our products, helping to build our brand in the United Kingdom and across Europe". Below you'll find the Black Friday price cuts Amazon has planned. You'll be able to buy stuff directly from Amazon's site, but the Amazon App will feature deals too, including the ability to watch deals and get alerts.

by | November 15, 2017 | 12:18

Corporate insiders own 0.35% of the company's stock. About 2.86 million shares traded. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has risen 76.69% since November 13, 2016 and is uptrending. Proctor & Gamble had 68 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with "Hold" rating in Thursday, July 27 report.

by | November 15, 2017 | 11:59

Conning Inc sold 16,621 shares as Mcdonalds Corp (MCD)'s stock rose 15.92%. The United Bank holds 11,830 shares with $1.81M value, down from 16,868 last quarter. Conning has invested 1.13% in McDonald's Corporation (NYSE:MCD). Following the transaction, the vice president now directly owns 14,750 shares of the company's stock, valued at approximately $1,741,680.

by | November 15, 2017 | 11:54

The largest-ever D-flawless diamond to be put up for auction, the "Creation 1", sold for $33.7 million Tuesday night during an auction at Christie's in Geneva . Mounted in a diamond and emerald necklace, the white, matchbox-size rock from Swiss jeweler de Grisogono was acquired by an unidentified buyer. Diamond cleaver Ben Green analysed the gem for months and eventually started working on splitting the rough diamond in two in June past year.

by | November 15, 2017 | 11:18

The ruling BJP in Gujarat has been asked by the Election Commission to drop the word "Pappu" from a campaign ad that apparently targets Congress Vice President Rahul Gandhi . "The Congress is trying to divide the people of Gujarat on the basis caste but it won't be successful in its plan", Shah said. "Since there was no direct mention or linkage with any person while mentioning "Pappu" in the entire script, we had appealed to the committee to reconsider their decision, but they rejected ...

by | November 15, 2017 | 11:53

A spokesman for Airbus declined to comment, as did Indigo says Bloomberg. It would be the biggest ever order for Airbus and would more than double the value of the company's sales for the year. The deal marks a major coup for Airbus's Chief Operating Officer John Leahy, who is expected to leave the group soon at the end of a career in which he oversaw the sale of almost 15,000 planes.

by | November 15, 2017 | 11:40

The agreement marks the end of the French investigation against HSBC Switzerland . Earlier on Tuesday, HSBC said it would make the payment to settle the long-running probe into tax dodging by French citizens via its private bank in Switzerland.