Money

Rock Point Advisors LLC Position in Corning (GLW) Trimmed by $5.52 Million

Rock Point Advisors LLC Position in Corning (GLW) Trimmed by $5.52 Million Central Bank & Trust Co. increased its position in Corning by 515.2% in the first quarter. Denali Advisors LLC now owns 263,100 shares of the electronics maker's stock valued at $7,104,000 after buying an additional 43,300 shares in the last quarter. [Full Article...]

Stock on Analyst Radar: Hi-Crush Partners LP (HCLP)

It turned negative, as 13 investors sold Hi-Crush Partners LP shares while 24 reduced holdings. Sprott Inc. bolstered its investment by buying 125,000 shares an increase of 11.9%. Raymond James & Assocs reported 192,205 shares. Internap Corporation is a technology well-known provider of Internet infrastructure. The stock's market capitalization is 732.69M. [Full Article...]

Seagate Technology plc (STX) stock price crosses SMA-20 above 1.13%

Seagate Technology plc (STX) stock price crosses SMA-20 above 1.13% Free cash flow for the trailing 12 months was $4.0 billion and represents 28.5 percent of revenue. The data storage provider reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by $0.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link . In related news, SVP Mark Re sold 9,607 shares of Seagate Technol... [Full Article...]

Jeff Bezos is now the world's richest person, surpassing Bill Gates

Jeff Bezos is now the world's richest person, surpassing Bill Gates A surge in Amazon .com Inc. shares Thursday morning in advance of the online retailer's earnings report has propelled founder Jeff Bezos past Bill Gates as the world's richest person. Mr. Gates has been at the top of the Forbes list of billionaires for 18 out of the last 23 years. At the company's current levels, Bezos' stake is worth about $US86.11 billion. [Full Article...]

Shell profits rocket by 245 per cent as oil prices recover

Shell profits rocket by 245 per cent as oil prices recover The firm has "Buy" rating given on Wednesday, June 8 by Evercore. HSBC has "Buy" rating and GBX 2000 target. Shell announced a second-quarter dividend of $0.47 per share. "They bought BG, they're shipping costs out of the business, cash flow is very robust and the industry itself is learning to live with oil at these prices", said Brendan Warn, a London-based analyst at BMO Capital Markets. [Full Article...]

Glass half empty as Guinness sales flatten out

Glass half empty as Guinness sales flatten out Baileys had a healthy Christmas with strong backing of flat white martinis in the on-trade proving a "major" contributor to sales. Operating profit grew to GBP3.56 billion from GBP2.84 billion. Diageo announced last month that it had inked a $1bn deal (£790m) to buy premium tequila brand Casamigos which is co-founded by Hollywood actor George Clooney. [Full Article...]

India is underperforming in infra spends, says report

India is underperforming in infra spends, says report To achieve the SDGs for electricity and water a further $187 billion will be needed by 2030, bringing the overall investment needs to $ 1.06 trillion. Saudi Arabia, the world's top oil producer and Arab world's largest economy, will have an infrastructure investment gap of US$115 billion by 2040, as the country's population becomes more urbanized, according to a new survey. [Full Article...]

Analyst Activity - Rosenblatt Securities Reiterates Buy on Advanced Micro Devices (NASDAQ:AMD)

Analyst Activity - Rosenblatt Securities Reiterates Buy on Advanced Micro Devices (NASDAQ:AMD) The Target Price for Adv Micro Devices (NASDAQ: AMD ) is $12.85/share according to the consensus analysis of analysts working on the stock. Advanced Micro had 53 analyst reports since August 13, 2015 according to SRatingsIntel. Friess Assoc Ltd Company owns 1.78 million shares. $105,628 worth of Advanced Micro Devices, Inc . (NASDAQ: AMD ) was sold by KUMAR DEVINDER on Wednesday, May 3. [Full Article...]

Traces of herbicide found in Ben and Jerry's ice cream

Traces of herbicide found in Ben and Jerry's ice cream According to PR Newswire, the Organic Consumers Association says it found glyphosate , the main ingredient used in herbicides like, Roundup, in about 10 flavored samples it tested. In 2015, the World Health Organization (WHO) declared that the herbicide is "probably carcinogenic to humans". According to research published this year in the journal Scientific Reports , rats that were given... [Full Article...]

ON Semiconductor Corp (NASDAQ:ON), Scripps Networks Interactive, Inc. (NASDAQ:SNI)

ON Semiconductor Corp (NASDAQ:ON), Scripps Networks Interactive, Inc. (NASDAQ:SNI) Other institutional investors have also modified their holdings of the company. In Services sector, shares of Scripps Networks Interactive, Inc. (NASDAQ:NFLX) has been 6.82 million shares per day over the past 30 days. If you are viewing this report on another site, it was illegally stolen and republished in violation of USA and worldwide copyright & trademark laws. [Full Article...]

Alphabet Inc. (GOOG) SVP David C. Drummond Sells 2000 Shares

Alphabet Inc. (GOOG) SVP David C. Drummond Sells 2000 Shares Ltd.'s holdings in Alphabet were worth $40,666,000 as of its most recent filing with the SEC. A number of other hedge funds have also added to or reduced their stakes in GOOGL . GOOGL stock acknowledged attractive focus from Investors and it has been trading on front line. Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. [Full Article...]

Astra plunges as vital cancer drug fails trial

Astra plunges as vital cancer drug fails trial A secondary endpoint wasn't formally tested, but indicated that Imfinzi monotherapy also would not have met a prespecified PFS benefit in comparison with SoC. "If the Mystic result had been better, I'm sure we would be even more attractive". Franklin has the drugmaker as a "buy" with a (perhaps optimistic) target price of £55. [Full Article...]

Nitish stakes claim to form government

Nitish stakes claim to form government Kumar served as a minister in the last BJP-led government more than a decade ago. The resignation of Nitish Kumar as the chief minister of the Mahagathbandhan government in Bihar over his fallout with ally RJD and realigning with the BJP means a whole lot of political possibilities now become a reality. [Full Article...]

Shares in Teck Resources Ltd (NYSE:TECK) Acquired by Aperio Group LLC

About 718,078 shares traded or 2.29% up from the average. This analysis is based on historical data about the stock's performance given the overall trends of the market and particular indicators within the market. About 3.79M shares traded. Hancock Holdings Com owns 14,239 shares or 0.01% of their U.S. portfolio. Associated Banc, Alabama-based fund reported 112,154 shares. [Full Article...]

Airbus Reports Cut to A380 Production, More Worries Over A320neo

Airbus Reports Cut to A380 Production, More Worries Over A320neo Airbus has said lower aircraft deliveries due impart to issues with engine supplier Pratt and Whitney has contributed to a second-quarter drop in profits. Shares of Airbus traded down about 3.4% in Paris Thursday, at €71.63 in a 52-week range of €49.51 to €$77.25. The company previously said it was to cut the number of A380 deliveries to 12 in 2018, down from 27 in 2015. [Full Article...]

Lloyds Bank Is Set To Pay Millions Back To Customers

Lloyds Bank Is Set To Pay Millions Back To Customers Statutory profit before tax (after one-off items) rose 4% to £2,544 million, despite a £1,050 million charge for PPI and £540 million of other misconduct charges, including the costs of the redress scheme for mortgage customers who fell into arrears. [Full Article...]

Snapdeal co-founders are said to resist Flipkart takeover offer

Snapdeal co-founders are said to resist Flipkart takeover offer Flipkart and Snapdeal spokespersons did not immediately respond to emails seeking comments. According to sources in Freecharge, the deal with Axis Bank , the country's third largest private sector lender has been fixed at between $50 million and $70 million. [Full Article...]

SeaBridge Investment Advisors LLC Boosts Position in Magellan Midstream Partners LP (MMP)

SeaBridge Investment Advisors LLC Boosts Position in Magellan Midstream Partners LP (MMP) About 289,748 shares traded. CSI Compressco LP (NASDAQ:CCLP) has declined 29.05% since July 26, 2016 and is downtrending. EnLink Midstream Partners, Company Profile EnLink Midstream Partners, LP is a midstream company. Summit Midstream Partners had 20 analyst reports since August 7, 2015 according to SRatingsIntel. BidaskClub downgraded shares of Antero Midstream Partners from a "buy" rating t... [Full Article...]

Man shot dead by Australian police during standoff at Sydney train station

Man shot dead by Australian police during standoff at Sydney train station Officers were called to the Eddy Ave exit of the station about 6.45pm after reports of an armed robbery at the station's florist shop. It wasn't immediately clear what the man's name or motive was, and if the incident was terror-related. Mr Theoharas, 73, said he felt bad the 30-year-old was killed but defended the actions of police. "When police arrived and told him to drop his weapon, he did... [Full Article...]

US New-Home Sales Edged Higher in June

While purchases of new homes are steadily improving, the sales totals remain below historic averages as builders contend with a lack of land for construction, a shortage of workers and some rising costs for materials. "While that's not enough to ease the shortage, there is some good news when it comes to new-home prices". The seasonally-adjusted estimate of new houses for sale at the end of June... [Full Article...]


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