Finance

Senate confirms former Texas Gov. Rick Perry to serve as energy secretary

Senate confirms former Texas Gov. Rick Perry to serve as energy secretary Environmental Protection Agency, and yesterday confirmed Rep. Ryan Zinke (R-MT) for the Department of Interior. Rick Perry was confirmed as Secretary of Energy, putting the former Texas governor at the head of an agency that deficit hawks want see out of the business of boosting innovative technologies. [Full Article...]

The FCC Just Blocked Privacy Protections For Comcast And Verizon Customers

FCC Chairman Ajit Pai and Acting FTC Chairman Maureen K. Ohlhausen issued a joint statement saying that both agencies are committed to protecting the online privacy of Americans, but they believe the best way to do that is through a comprehensive and consistent framework. [Full Article...]

U.S. crude oil inventory data drag prices lower

U.S. crude oil inventory data drag prices lower Nigeria and Libya are not subject to any sort of production cap, given that they are recovering from internal unrest that had weighed on production. A Reuters survey found that OPEC countries have increased their compliance in the second month of the output-cut deal. [Full Article...]

Marathon Petroleum Corp (NYSE:MPC) & Essendant Inc (NASDAQ:ESND) News Review

In related news, Director Charles E. Bunch purchased 2,000 shares of Marathon Petroleum Corporation stock in a transaction dated Thursday, February 9th. Marathon Petroleum Corporation had a net margin of 1.85% and a return on equity of 5.74%. Revenue of 16.46B for that quarter was below the $17.18B analysts had expected. [Full Article...]

Best Buy posts unexpected drop in same-store sales, shares slide

Best Buy posts unexpected drop in same-store sales, shares slide One year ago, Best Buy earned $1.53 per share on $13.62 billion in revenue. Yet, its performance is often linked to the introduction and availability of new consumer electronics. Best Buy Chief Financial Officer Corie Barry said it expects meager 1.5% revenue growth this year. However, cost cutting efforts boosted the company's net income, which rose to $607 million, or $1.91 per share, from ... [Full Article...]

United States stocks slip as investors await Trump speech to Congress

United States stocks slip as investors await Trump speech to Congress Since the election, investors had been betting that Trump's policies on taxes and regulation will accelerate economic growth and boost corporate profits. Louis Fed President James Bullard will speak today, while Domino's (DPZ), Etsy (ETSY), Halozyme Therapeutics (HALO), and Palo Alto Networks (PANW) are some of the companies reporting earnings. [Full Article...]

DeVos calls now-reversed Obama guidance "overreach"

DeVos calls now-reversed Obama guidance The U.S. Senate narrowly confirmed Betsy DeVos, a businesswoman and charter school advocate, February 7. Nothing else explains laws that denied women the right to vote, that denied black children the right to sit next to white children in Southern schools, that denied consenting adults the right to love and marry whomever they choose. [Full Article...]

Shares of Oasis Petroleum Inc. (OAS) Sees Large Outflow of Money

KeyCorp increased their price target on Oasis Petroleum from $12.00 to $18.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 22nd. The mean revenue estimate for the current fiscal period ending December 2016 is $203.48M by 28 brokerage firms. EPS ratio determined by looking at last 12 month figures is -1.07. [Full Article...]

Stock under Consideration: Hewlett Packard Enterprise Company (NYSE:HPE)

Stock under Consideration: Hewlett Packard Enterprise Company (NYSE:HPE) The other half, HP, sells personal computers and printers. Hewlett Packard Enterprise Company (NYSE: HPE)'s performance this year to date is 6.57%. The average revenue estimate for the year ending October 2017 is $48.89B by 21 analysts. Ledyard National Bank now owns 4,404 shares of the company's stock worth $100,000 after buying an additional 36 shares in the last quarter. [Full Article...]

RBS trebles deficit with £7billion loss in 2016

RBS trebles deficit with £7billion loss in 2016 The Edinburgh-based lender said it had been hit by litigation and conduct costs of nearly £5.9bn, largely over its role in the 2008 United States subprime housing crisis. Royal Bank of Scotland has cut employee numbers from about 170,000 employees to just under 80,000 over the past decade through redundancies and selling operations such as Citizens Financial Group Inc., a US consumer bank. [Full Article...]

Burger King Owner Pays $1.8 Billion for Popeyes

On Monday, the speculated tie-up was formally confirmed in a transaction that will bulk up Restaurant Brands to become an even bigger player in the quick-service restaurant segment. Under the new ownership, the chicken chain will be "accelerating its pace of growth" with the opening of new restaurants in the United States and elsewhere, it added. [Full Article...]

John Lewis to cut nearly 800 jobs

John Lewis to cut nearly 800 jobs To support the creation of this new team, it is setting up a new training facility and creating a new estimator and fitter booking system. In an attempt to cut costs and be more efficient, John Lewis is now in talks with 773 of its staff about redundancy. [Full Article...]

Steven Mnuchin Wants Significant Tax Reform Before Summer Recess

Winning quick approval could prove challenging. "We are committed to tax reforms". When it comes to rolling back regulations, Treasury Secretary Steven Mnuchin told the FOX Business Network's Maria Bartiromo that his main concern is to make sure that USA banks are lending. [Full Article...]

Kraft Gives Up on Unilever while Restaurant Brands Buys Popeye's

Kraft Gives Up on Unilever while Restaurant Brands Buys Popeye's Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $96.00 target price (down from $99.00) on shares of The Kraft Heinz Company in a report on Monday, November 7th. The ex-dividend date of this dividend is Wednesday, March 1st. If you are viewing this report on another website, it was stolen and reposted in violation of United States and worldwide copyright & trademark laws. [Full Article...]

ISIS affiliate in Sinai releases images showing rockets fired into Israel

No air raid sirens were activated, as the IDF determined that the missiles would land in empty, open territory. "Forces are searching the area". On Monday Defense Minister Avigdor Liberman called the jihadist group on Israel's southern border "annoying" and "hindersome", dismissing the threat they pose. [Full Article...]

Kraft Heinz spurned in $143B Unilever takeover approach

The Financial Times noted that American food giant said it "has made a comprehensive proposal to Unilever about combining the two groups to create a leading consumer goods company with a mission of long-term growth and sustainable living". [Full Article...]

S.Korea prosecutor says expands charges against Samsung chief

S.Korea prosecutor says expands charges against Samsung chief Park, Choi, and Samsung Group have denied bribery accusations. Samsung Group chief Jay Y. Lee was arrested on Friday, a South Korean court said, over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye. [Full Article...]

Impact of Brokerage Rating on Energy Transfer Equity, LP(ETE)

Impact of Brokerage Rating on Energy Transfer Equity, LP(ETE) They issued a "buy" rating and a $23.00 price target on the stock. ENERGY TRANSFER PARTNERS has a 52 week low of $24.37 and a 52 week high of $43.50. The stock gained a consensus recommendation of 1.79 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. [Full Article...]

Compliance Slippage and All-Out Production Resumption May be Inevitable: IHS Energy

WTI crude oil is now at $53.20 a barrel. "Crude oil output increased the most in Iraq, Angola and Libya, whiles production in Saudi Arabia, Nigeria and Venezuela showed the largest decline, " OPEC said. The effect of these short-term speculations and production cuts will be offset by lower demand and the increase in US shale production. "But lessons from the past have made the market deeply susp... [Full Article...]

Verizon Revises Yahoo Deal by $250M

According to its report , sources say both companies are expected to share legal culpability related to the breaches. Bloomberg reported earlier today that the price cut for the Yahoo deal could be as low as $250 million. Verizon didn't comment on the report . Yahoo reported about $5 billion of revenue past year for its more than 1 billion users. VZ stock is down 0.7% Wednesday, while... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11  Next »