Money

Author: 0 Weatherford International Plc (WFT) Given a $6.00 Price Target by Scotiabank Analysts

During last one year month it performed at -3.80%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.36 billion. The company had a trading volume of 25,772,080 shares. Weatherford International Plc has a 1-year low of $3.73 and a 1-year high of $7.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink .

Author: 0 Snapchat's desperate attempt to evade Facebook's looming shadow

Before jumping in, we're assuming y'all aware that Facebook has shamelessly copied and baked in Snapchat's most prominent Stories and camera features into each of its apps. Snap Inc.is best known for its popular social media platform- Snapchat . Snap ended the quarter with $3.24 billion in cash, cash equivalents, and marketable securities.

Money Base rate held as policymakers rein in growth forecast
Author: 0 Base rate held as policymakers rein in growth forecast

Average citizens are starting to feel the pinch as inflation is now outpacing wage growth, meaning that Brits are essentially earning less than prices are rising, squeezing their ability to spend on discretionary items. The Bank of England said yesterday that it may need to raise interest rates before the late 2019 date markets had been expecting, as it saw inflation rising and the economy growing steadily over the next few years.

Author: 0 CBA shares drop despite rise in Q3 profit

Sign up here for free access to 7 articles per month + twice daily business email alerts. Anticipating banks would seek to pass on the levy, the budget included funding for the competition watchdog to run a year-long inquiry into mortgage pricing, and analysts say this extra scrutiny could make it harder for banks to offset the cost.

Author: 0 Wholesale prices jumped in April

Excluding increases in food and energy prices, core producer prices still rose by 0.4 percent in April and were up by 1.9 percent year-over-year. Food prices rose 0.2 percent, with the cost of food consumed at home increasing 0.2 percent amid a surge in prices of fresh vegetables.

Author: 0 Trump admits Russian Federation probe played into Comey's firing

Or say you dismiss as twisted and far-fetched the official claim that Trump & Co. were motivated by Comey's handling of Clinton emails. Next Tuesday, the Senate intelligence committee investigating Russian meddling in the USA election wants to hear from James Comey the private citizen during a closed-door hearing.

Author: 0 Nepal, China to ink deal on OBOR today

A two-day summit this weekend is meant to highlight the grandeur of the scheme, with an impressive guest list of heads of state and other global dignitaries from numerous countries. Ou said that discussions during the forum will focus on eight major areas: infrastructure construction, industrial investment, economic and trade cooperation, energy resources, financial cooperation, cultural exchange, ecological environment and maritime cooperation.

Money United flight delayed after scorpion reported aboard
Author: 0 United flight delayed after scorpion reported aboard

The plane returned to the gate and paramedics examined the customer- who declined medical treatment- and determined that the unnamed passenger had not been stung. It's not clear how the scorpion got on the plane. The scorpion fell from the overhead bin and landed in the man's hair, according to news reports. Flight attendants quickly corralled the scorpion and flushed it down an airplane toilet.

Author: 0 General election 2017: Fingers pointed over manifesto leak

The source said Mr Corbyn has travelled with the specialist protection unit on other occasions during the campaign, as is customary for an Opposition leader in a General Election. Gwynne said the public sector had run railways well before and that cooperatives could run new regional state-owned energy companies. "She (May) wants a free hand, she wants us to write her a blank cheque".

Money China's Belt and Road investments since 2013 total $60 billion: state planner
Author: 0 China's Belt and Road investments since 2013 total $60 billion: state planner

Transacting in the currencies of countries along the Silk Road route will gradually reduce dependence on major currencies and lower the risks of exchange rate fluctuations, said Zhou Xiaochuan, governor of the People's Bank of China. Diplomatic sources said the presence of Putin and other leaders from countries with dubious human rights records, like the Philippines and Central Asian states, had contributed to a reluctance among Western leaders to attend.

Money Oil producers have consensus to extend cuts, 2 OPEC members say
Author: 0 Oil producers have consensus to extend cuts, 2 OPEC members say

Overnight, crude futures settled higher on Wednesday, as investors cheered the latest report from the Energy Information Administration (EIA), showing US crude inventories fell more than expected. Investing.com offers an extensive set of professional tools for the financial markets. "As long as you've got those builds in gasoline, it is going to be hard for crude oil to rally", said Olivier Jakob, energy market strategist at Petromatrix in Zug, Switzerland.

Money European Stocks Set For Mixed Open; German Q1 GDP in Focus
Author: 0 European Stocks Set For Mixed Open; German Q1 GDP in Focus

European stocks are set to open mixed this morning, with investors focused on strong first quarter economic data from Germany as the region's benchmark test multi-year highs. Destatis said in a separate publication that Germany's annual inflation rate, measured by harmonized European Union standards, rose to 2.0% in April from 1.5% in March.

Money Baahubali character was written for Prabhas, says Rajamouli
Author: 0 Baahubali character was written for Prabhas, says Rajamouli

Alongside an image revealing the Hindi collection of the film in India, Karan tweeted: "The reigning film". What's more surprising is, he even rejected a deal that offered him as much as Rs 18 crore! After the massive success of Baahubali 2, the producers have earned few hundred crores.

Author: 0 Emergency declared at nuclear-contaminated site in Washington state

The Department of Energy said "Secretary [Rick] Perry has been briefed on the incident [and] the Department will continue to monitor this closely". Hours later, the U.S. Energy Department said an undisclosed number of non-essential workers were being sent home. "There is no indication of a release of contamination at this point".

Money Energy chief says hole has been filled at nuclear waste site
Author: 0 Energy chief says hole has been filled at nuclear waste site

This image provided by the U.S. Department of Energy shows a 20-foot by 20-foot hole in the roof of a storage tunnel at the Hanford Nuclear Reservation near Richland, Wash ., Tuesday, May 9, 2017. According to the DOE, the collapse may have been caused by road crews doing construction above the tunnel. Some nuclear experts have called the Hanford site "the most toxic place in America", and in 2016, NBC News interviewed current and former workers who said they were exposed to toxic materials ...

Author: 0 Federal Reserve upbeat on U.S. economy but holds rates

As of the March 15 statement , Fed committee members anticipated maintaining this policy "until normalization of the level of the federal funds rate is well underway". That is a major pre-occupation of the markets because it will represent an additional tightening of monetary policy. "This means that the Fed is more than happy with their current strategy and more rate hikes are coming this year - at least for now", said Naeem Aslam, chief market analyst at Think Markets .

Author: 0 "Smooth" Brexit should allow solid UK growth, BoE's Carney says

Britons face a year of falling real wages, the Bank of England has warned for the first time, cutting its economic growth forecast less than a month before the general election. In the last comments before the pre-election purdah, Michael Saunders effectively outed himself as within that group, predicting a faster inflation pick-up this year and stronger growth.

Author: 0 UK Should Pay for EU Single Market Access

Congratulations to new President, Emmanuel Macron on his decisive victory over the hard right", she said on Twitter . Macron told March's edition of Monocle magazine Britain had made a "serious mistake" by voting to quit the bloc. The former banker and then-presidential hopeful was just as uncompromising over Brexit , speaking in English in an interview with Channel 4 in February.

Author: 0 Takeaways From Buffett's Address To Berkshire AGM

Berkshire now owns 133 million Apple Inc shares, but it just sold off one-third of its 81 million IBM Corp shares, saying that Buffett had misjudged that firm. In the past year alone, almost all of Buffett's stocks are up, particularly Apple (aapl), which now happens to be the world's top-paying dividend stock in terms of dollars paid out.

Author: 0 Tusk calls for "mutual respect "amid election spat with London"

He warned both Juncker's circle, who are blamed for being behind the leak, and the United Kingdom government that the dispute puts Brexit negotiations at risk. The British Prime Minister said these acts had been deliberately timed to affect the result of the upcoming general election. "They even took the opportunity to dismiss the importance of the English language, the language of global business that is spoken by millions of people around the world".

Author: 0 Trump Says He Called Comey And Asked If He Was Under Investigation

The defence came after Trump in an interview to NBC had effectively contradicted his own White House when he said he would have sacked Comey "regardless" of the recommendation of Attorney General Jeff Sessions. Though a call of that sort seems to be an obvious instance of tampering with an ongoing investigation, Huckabee Sanders said on Thursday there's no problem because "several legal scholars" said so.

Money Deutsche Telekom Q1 core profit beats expectations (DTE, T, VZ)
Author: 0 Deutsche Telekom Q1 core profit beats expectations (DTE, T, VZ)

At T-Mobile US, revenue rose 11 percent; they went up 0.2 percent in Germany and 0.7 higher in the rest of Europe. Net profit took a battering, however, tumbling 76.1%, to just €747 million ($813 million), because of huge gains in the year-earlier quarter, when Deutsche Telekom AG (NYSE: DT) sold shares in its EE UK mobile subsidiary to BT Group plc (NYSE: BT; London: BTA), the country's fixed-line incumbent.

Author: 0 Trump signs executive order to create voter fraud panel

President-elect Donald Trump stands with Kansas Secretary of State Kris Kobach before their meeting at Trump National Golf Club in Bedminster, New Jersey, on November 20. The Republican won the White House through victory in the Electoral College, which tallies wins in states, but lost the popular vote to Democratic rival Hillary Clinton by some 3 million ballots.

Money Labor will only support Medicare levy increase for high income earners
Author: 0 Labor will only support Medicare levy increase for high income earners

Anna Bligh, Australia's most senior bank lobbyist, accused the Treasurer on Wednesday of failing to think through "the full implications of this tax". The hike means the average Aussie worker will be paying $400 more a year for Medicare. In his speech, Mr Shorten also announced Labor wants to keep the two per cent deficit levy for high income earners indefinitely.

Author: 0 Oil up on falling U.S. inventories, Saudi cuts to Asia

By 11:12 a.m., US crude futures CLc1 were up $1.30, or 2.8 percent, at $47.18 a barrel, and Brent crude LCOc1 rose 2.5 percent, or $1.25, to $49.98 a barrel. Investing.com offers an extensive set of professional tools for the financial markets. Official numbers on weekly USA crude and product inventories from the EIA are scheduled to be released 1430 GMT on Wednesday.

Author: 0 AstraZeneca plc 27.4% Potential Upside Indicated by Barclays Capital

They now have a GBX 6000.00 PT on firm. The rating was downgraded by Credit Suisse to "Underperform" on Monday, November 2. Koster Barbara sold $3.81M worth of stock. Diageo PLC is an alcoholic beverage company. The stock's market cap is GBX 728.46 million. The Firm is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases.

Money Aussie banks take a big hit after new tax
Author: 0 Aussie banks take a big hit after new tax

As most bank shares slumped further on Wednesday, Westpac, Commonwealth Bank and National Australia Bank signalled they may defy the government, and attempt to pass on the cost of the levy to depositors and borrowers. "Who are the shareholders of Australian banks?" "While the banking industry has made itself an easy political target, the industry is taking action to significantly improve its relationship with customers and the community." said ANZ chief executive Shayne Elliott.

Money General Motors Company (GM)
Author: 0 General Motors Company (GM)

General Motors Company (NYSE:GM) last released its earnings results on Friday, April 28th. The auto manufacturer reported $1.70 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.45 by $0.25. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.46%. General Motors Company P/E (price to earnings) ratio is 5.3 and Forward P/E ratio of 5.6.

Author: 0 Ex-French PM seeks to join Macron revolution

But Macron remained the favorite, with polls after their final debate showing 63 percent of people found Macron the more convincing versus 34 percent for Le Pen. This weird video shows Le Pen, the daughter of party founder and Holocaust denier Jean-Marie Le Pen, hitting the dance floor just hours after her defeat.

Author: 0 Analysts At Numis Securities Reiterated Lookers (LON:LOOK) As Buy

AdvanSource Biomaterials Corporation (OTCMKTS:ASNB) has declined 14.29% since October 4, 2016 and is downtrending. It has underperformed by 27.22% the S&P500. Its down 0.68, from 1.53 in 2016Q3. SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations.

Author: 0 Major bank levy will affect borrowers, warn CEOs

He wouldn't say if NAB absorb the levy due to come into effect in 2017/18, saying only that it must be "borne by people". "Any costs imposed on banks will be passed on to their customers in some way". The government has also asked Australia's competition watchdog to undertake an inquiry on residential mortgage pricing until June 30, 2018. But Mr Narev said in a statement Wednesday that the new costs would have to be borne by somebody.

Author: 0 Oil prices rise in Asia in expectation of Aramco supply cut

Oil prices rose more than 3.5 percent on Wednesday, bolstered by the biggest one-week drop in USA inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts. "If U.S. output continues to level off, supplies continue to decline, and OPEC can agree to, at the very least, extend their quota policy into [the second half of the year], that will be supportive of prices establishing a near-term bottom".

Money Duncan says Obamacare replacement bill could be ready this summer
Author: 0 Duncan says Obamacare replacement bill could be ready this summer

Then, the country was in economic free fall and Obama and Congressional Democrats, in the majority, chose to add major health reform in their agenda after the 2008 campaign concluded. Although recent changes may have helped the bill make it through the House chamber, Quinnipiac University Poll Assistant Director Tim Malloy said they appear to have had little effect on public opinion.

Money Oil inches higher as Opec cut support grows
Author: 0 Oil inches higher as Opec cut support grows

Analysts said a larger-than-expected fall in USA crude inventories C-STK-T-EIA last week, by 5.3 million barrels, continued to keep Brent above $50, with the data viewed as a possible sign OPEC-led cuts were tightening the market. Vitol , the world's largest oil trading house, moved a record 7 million barrels per day of crude and oil products past year. Oil prices have recovered somewhat this week as OPEC and Russian officials have signaled a renewal of the production deal is likely.

Money Paul Ryan says tax overhaul long overdue
Author: 0 Paul Ryan says tax overhaul long overdue

Mary MacLeod-Bethune's school. Some demonstrators beat on drums while others asked the speaker, "Health care is a human right!" "If this health care bill goes through, that money would be slashed, so that could affect every single one of my students ― and that's just health care, not even looking at school funding".

Author: 0 Ryan says Senate likely to change health bill

Patty Murray, D-Wash., the No. 3 Senate Democratic leader. Health and Human Services Secretary Tom Price on Sunday firmly defended health care legislation passed in the House this week against charges that people who have pre-existing conditions could see their insurance premiums rise under some circumstances, NBC News reported.

Author: 0 Snapchat growth stalls in first earnings report

Snap is also pushing toward direct-response dollars with features that let users watch content or buy items. The IPO raised $3.4 billion and gave the company a market valuation of roughly $24 billion , and shares surged 44 per cent in their first day of trading.

Author: 0 SIG plc 22.1% Potential Decrease Indicated by Liberum Capital

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. The company has market cap of 57.47 billion GBP. Therefore 84% are positive. GBX 1351.71's average target is -15.09% below currents GBX 1591.9 stock price. The correct version of this piece of content can be viewed at ...

Money Isco's away goal hands CL final berth to Real Madrid
Author: 0 Isco's away goal hands CL final berth to Real Madrid

And Salgado, who won four LaLiga titles and two Champions League medals during a 10-year period at Madrid , believes his former Bernabeu team-mate Zidane should target improving Madrid's record domestically. One more goal from Atletico and the tie would have been level; one goal from Real Madrid and the tie would be virtually over. The French striker was surrounded by three Atletico defenders at the byline, but somehow found a way past all of them with a pair of quick touches.

Author: 0 OPEC wants 'collective efforts' to counter US oil output

Oil traders largely expect the Organization of the Petroleum Exporting Countries to agree later this month to extend a production-cut agreement into the second half of 2017, but at least one analyst is very skeptical. Crude prices were modestly higher during the course of the session on Thursday in Asian trading, building an overnight gains, following a much better-than-expected reports on USA inventories.

Money Brian Molefe to return as CEO of Eskom
Author: 0 Brian Molefe to return as CEO of Eskom

This was over and above allegations contained in the report that the Gupta family had received preferential treatment by Eskom, and were even "bailed out" by the power utility, where Eskom funded the family's acquisition of Optimum coal mines.

Author: 0 Snap shares hammered after US$2.2b loss

That's not bad, considering Facebook only posted 32 percent user growth at its own post-IPO quarterly report in 2012, but it was already at 552 million users then, compared to Snapchat's current 166 million daily active users. In the "Rest of World" region, it added just one million users to reach 40 million DAUs. The company's quarterly user growth slowed previous year in part due to increased competition from Facebook-owned Instagram.

Author: 0 Lawmakers Didn't Pull Any Punches When Criticizing Airline Reps

David Dao , the 69-year-old passenger, didn't want to give up his seat. Lawmakers blasted airlines Tuesday for treating passengers badly, such as dragging a passenger off a recent United Airlines flight, but airline executives insisted they are improving customer service.

Author: 0 Snap earnings lag amid $2.2 billion loss

The company revenues increased to about $150 million a 300% increase in the first quarter. Its user numbers also came in light. The shares closed at $22.98 on Wednesday, but are likely to sink on Thursday following the 23% fall in after-hours trading to $17.65.

Author: 0 Snap Inc. Reports Slow User Growth, Shares Drop More Than 25 Percent

The underlying numbers were all a little worse than expected. The company's revenue totaled US$149.6 million in the first three months of the year, up 286% year-on-year. But leading up to the earnings report, all eyes were on the one deadly sin for an Internet company: slowing user growth . The company said its users create more than 3 billion snaps daily on average.

Author: 0 Macy's quarterly profit tumbles 39 per cent

Macy's shares plunged almost 12 percent in premarket trading after the largest US department store operator reported a quarterly profit that fell well below analysts' estimates . That should also lead to more markdowns in the current quarter. The Macy's brand still has around 700 stores, though it has been aggressive about closings.

Author: 0 Coach to buy rival handbag maker Kate Spade for $2.4 bn

Under terms of the deal, Coach will pay $18.50 in cash for each Kate Spade share outstanding, which represents a 9.0% premium to Friday's closing price. Executives plan to improve scale and inventory management, as well as streamline Kate Spade's supply chain. They surged more than 8 percent on Monday to $18.38, while Coach's stock gained 4.8 percent to $44.71.

Money China, US reach agreement on beef, poultry and natural gas
Author: 0 China, US reach agreement on beef, poultry and natural gas

Following one more round of "technical consultations", China has agreed to allow USA beef imports no later than July 16, consistent with global food and animal safety standards, Ross told reporters at the White House. The Journal reported that it is unclear if agreement reduces the US' $347 billion deficit. But he noted that China has "made a lot of positive commitments that it hasn't followed through on" in the past.

Author: 0 Trudeau congratulates Macron on election as French president

It is unlikely that Macron is going to unify France any time soon and he will eventually govern at the front of a complex coalition with the FN as a formal opposition. During the last French presidential election in 2012, almost one registered voter out of five, or 19 percent of the voters under the age of 25 did not vote - one-and-a-half times the abstention rate, or 13 percent, of the overall population.