Money

Uber Closes the Door on Kalnick's Potential Return as CEO

Uber Closes the Door on Kalnick's Potential Return as CEO The meeting was previously reported by BuzzFeed and Camp's email by Recode . It's time for a new chapter and the right leader for our next phase of growth. We are dedicated to making Uber successful, and keeping everyone informed of our progress. Kalanick resigned in June under pressure from top investors, who said he put the company at legal risk during his tenure. [Full Article...]

UnitedHealth Group Incorporated (NYSE:UNH) Shares Sold by Todd Asset Management LLC

J.P. Morgan has "Hold" rating and $6000 target. 01/03/2017 - Piper Jaffray began new coverage on UnitedHealth Group Incorporated giving the company a " rating. The business also recently declared a quarterly dividend, which was paid on Tuesday, June 27th. Since February 14, 2017, it had 0 insider buys, and 7 sales for $22.74 million activity. [Full Article...]

Gunmen Intercept Commercial Bus, Kidnap 16 Passengers on Board in Rivers

Unconfirmed sources have it that the bus belonged to God is Good Motors , a popular commuter services provider plying along Port Harcourt-Lagos, Abuja, Ibadan and other parts of the country. Mr Omoni said the rescued victims are now receiving treatment at the hospital while men of the Command are still combing the bushes to rescue the other two persons. [Full Article...]

Oil slides from nine-week highs as market looks to OPEC

Oil slides from nine-week highs as market looks to OPEC The extremely low volume and volatility may be a result of the joint OPEC and non-OPEC technical committee now taking place in Abu Dhabi. Officials from Organizations of the Petroleum Exporting Countries (OPEC) and non-OPEC countries are meeting in Abu Dhabi on Monday and Tuesday to discuss ways to boot compliance with an output cut deal. [Full Article...]

Saudi cuts September crude supply to one North Asian refiner

Saudi cuts September crude supply to one North Asian refiner The deal to curb output propelled crude prices above $58 a barrel in January but they have since slipped back to a $45 to $52 range as the effort to drain global inventories has taken longer than expected. Petersburg, Saudi Arabia made an additional pledge to reduce exports by nearly a million barrels per day. Benchmark Brent crude has dropped about 8 percent this year as signs of rising global su... [Full Article...]

Antofagasta plc (LON:ANTO) Rating Reiterated by Berenberg Bank

Antofagasta plc (LON:ANTO) Rating Reiterated by Berenberg Bank Recro Pharma had 13 analyst reports since August 25, 2015 according to SRatingsIntel. The brokerage now has a GBX 260 ($3.39) price objective on the stock. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 630 ($8.31) target price on shares of RSA Insurance Group plc in a research note on Thursday, July 20th. [Full Article...]

Analysts Set Barclays PLC (BARC) Price Target at $230.38

Finally, Credit Suisse Group cut shares of NEXT plc to an underperform rating and lowered their price objective for the company from GBX 4,250 ($55.35) to GBX 4,000 ($52.09) in a research report on Thursday, June 15th. The rating was maintained by Liberum Capital with "Buy" on Wednesday, April 12. The stock has "Buy" rating by Investec on Thursday, July 30. Renishaw plc (LON:RSW) has received an... [Full Article...]

Essent Group Ltd. (ESNT) SVP Sells 4207 Shares of Stock

Bank of America Corporation raised shares of Essent Group from an "underperform" rating to a "buy" rating and boosted their price target for the company from $38.00 to $43.00 in a research report on Tuesday, May 9th. Sei Investments holds 0% of its portfolio in Essent Group Ltd (NYSE:ESNT) for 2,835 shares. Analysts forecast that Essent Group Ltd . will post $2.94 EPS for the current fiscal y... [Full Article...]

Asos lives the American dream with new $40m fulfilment centre

Asos lives the American dream with new $40m fulfilment centre British online fashion retailer ASOS is spending $40 million on a second USA distribution center to support strong sales growth in what it hopes will become a major market. "Our US business delivered 39% constant currency growth in the first six months of the current financial year following sales of £179m in the year ended August 2016". [Full Article...]

Navios Maritime Holdings Inc

The value of the investment in Navios Maritime Partners LP Com decreased from $12,330,000 to $11,344,000 decreasing 8.0% quarter to quarter. JPMorgan Chase & Co. On average, equities analysts expect that Navios Maritime Acquisition Corporation will post $0.03 EPS for the current fiscal year. 01/12/2016 - Navios Maritime Acquisition Corporation had its "overweight" rating reiterated by analys... [Full Article...]

Consumer Discretionary SPDR (NYSE:XLY) Shares Bought by Puplava Financial Services Inc

Consumer Discretionary SPDR (NYSE:XLY) Shares Bought by Puplava Financial Services Inc A level of 50 would indicate neutral market momentum. Many investors may feel like they have missed out on the markets getting to where they are today. Consumer Discretionary Select Sector SPDR Fund ( XLY)'s Williams Percent Range or 14 day Williams %R now sits at -66.38. The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market ... [Full Article...]

First National Bank of Omaha Raises Position in PDC Energy, Inc. (PDCE)

It has underperformed by 29.95% the S&P500.The move comes after 9 months negative chart setup for the $2.87 billion company. The energy producer reported ($0.06) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.03. [Full Article...]

MetLife, Inc. (NYSE:MET) Position Boosted by Thrivent Financial For Lutherans

Arrow Finance reported 0.04% of its portfolio in Metlife Inc (NYSE: MET ). Westside Investment Management Inc. now owns 2,694 shares of the financial services provider's stock valued at $140,000 after buying an additional 2,300 shares in the last quarter. [Full Article...]

Intercontinental Hotels Group (IHG) Scheduled to Post Quarterly Earnings on Tuesday

Intercontinental Hotels Group (IHG) Scheduled to Post Quarterly Earnings on Tuesday Finally, Credit Suisse Group lowered InterContinental Hotels Group PLC to a neutral rating and raised their price target for the stock from GBX 4,500 ($59.36) to GBX 4,600 ($60.68) in a report on Monday, June 19th. If you are reading this piece on another website, it was stolen and republished in violation of USA & worldwide trademark & copyright laws. If you are reading this piece on another we... [Full Article...]

Businesses Face Fines If Cyberattack Causes 'Essential' Service Outage

Businesses Face Fines If Cyberattack Causes 'Essential' Service Outage The Department for Digital, Culture, Media and Sport said they also wanted to see action to detect attacks, develop security monitoring and raise staff awareness, as well as ensuring incidents were reported immediately and that systems were in place for recovery. [Full Article...]

GIC Re files for IPO; to raise over Rs6,380 cr

According to a draft red herring prospectus, filed August 7th, 2017, the firm plans to sell 17.2 million new shares, while the government, which now owns 100% of GIC Re, will sell roughly 107.5 million shares in the IPO. GIC Re has appointed investment banks Citigroup, Axis Capital, Deutsche Bank, HSBC and Kotak Mahindra Capital Co. GIC's gross premium for FY17 rose 82 per cent to Rs33,740.8 cro... [Full Article...]

Didi Chuxing backs Dubai-based ride-hailing firm Careem

Didi Chuxing backs Dubai-based ride-hailing firm Careem Following this investment Didi said its "global framework of collaboration" now covers over 60 percent of the world's population across 1,000 cities. "Growing urban populations and economic and social diversity in the MENA region present enormous opportunities for the ride-hailing economy". [Full Article...]

United States says South China Sea talks will be a key test

The high-stakes conference comes as the UN Security Council prepares to vote on a resolution imposing tougher sanctions on North Korea for its recent intercontinental ballistic missile tests. "If there is an opportunity that naturally occurs, we should talk", Kang Kyung-Wha told reporters as she landed in Manila today, according to South Korea's Yonhap news agency. [Full Article...]

Retail sales slow in July amid increased borrowing and shrinking wages

Retail sales slow in July amid increased borrowing and shrinking wages BRC chief executive Helen Dickinson said food sales were the main growth driver as non-food sales slipped into reverse. The month's growth was underpinned by food sales alone, while non-food sales relapsed into negative territory as the competition heats up over a shrinking pool of discretionary consumer spending power. [Full Article...]

Recent Analysts' Ratings Changes for Deutsche Bank AG (DBK)

Other equities analysts have also recently issued research reports about the company. Jefferies Group LLC set a €13.30 ($15.65) target price on shares of Deutsche Telekom AG and gave the stock a "sell" rating in a research note on Tuesday, May 9th. [Full Article...]


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