Sunday, 26 February 2017
Latest news
Home » Economy


Gov. Wolf: GOP health care reform plan is a 'nightmare'


Additionally, Boehner proposed his vision for how the GOP intends to deal with the cornerstone of former President Barack Obama's legacy. But prior experience with [high-risk] pools, which were operated in 35 states before the ACA, shows they had inconsistent results and were rarely sufficient to cover everyone in need. Read More »

Vietnam Kim Jong Nam's Killing Suspect Thought She Was In 'Comedy Video'


Royal Malaysia Police said Friday that swabs from the Nam's face and eye tested positive for "VX nerve agent", a substance listed as a chemical weapon and banned by an global convention. "If the amount of the chemical brought in was small, it would be hard for us to detect", Malaysian police inspector general Khalid Abu Bakar said. Kim Jong-nam, the half-brother of North Korea's leader, was killed by a weapon of mass destruction, police revealed on Friday. Read More »

JCPenney to close up to 140 stores


The retailer will release the list of planned store closings in mid-March, with most of the locations expected to close over the next few months. J.C. Net sales fell nearly 1 percent in 2016, although the company enjoyed net income of $192 million after having a net loss of $131 million two years ago. Read More »

Indian doctor rescued from ISIS captivity in Libya


They are interested in India. He also revealed that the dreaded terrorist organisation is very much interested in India and wants its ideology to be spread in the country. "I saw all kinds of attacks there". He claimed Islamic State cadre were a dedicated lot who strictly followed every rule prescribed for them. "The working members of the organisation are mostly youngsters". Read More »

Enable Midstream Partners LP


The share price of the company (NYSE:AMID) was down -0.31%, with a high of 16.50 during the day and the volume of American Midstream Partners, LP shares traded was 86452. During the same quarter in the prior year, the firm earned $0.86 EPS. Stockholders of record on Tuesday, February 21st will be given a $0.318 dividend. Read More »

Oprah Winfrey to speak at Skidmore College graduation


One of the graduates from her academy, Morgan Mpungose, will graduate from Smith this year. One of Smith's graduating students and another from Skidmore previously attended the Oprah Winfrey Leadership Academy, a boarding school that the media mogul opened in 2007 for poor girls in South Africa. Read More »

Berkshire Hathaway Q4 Profit Up 15%


The filing indicates that at the end of the fourth quarter, Berkshire held stakes of more than $2 billion apiece in Southwest Airlines Co. That overshadowed the 6 percent profit decline at Berkshire's operating businesses. The Apple investment appears to reflect much of the $12 billion of stock that Buffett said he had bought between the November 8 Presidential election and the end of January. Read More »

OPEC cuts help drive crude prices to 19-month high


Overnight, oil prices got a boost from the U.S. Energy Information Administration's data that showed crude stockpiles there grew less than expected last week. In the United States, traders were draining the priciest storage tanks as strengthening markets made it unprofitable to store for future sale, and as cuts in global production opened export opportunities. Read More »

FirstEnergy Corp. (FE) Bonds Drop 1.9% During Trading Analyst

Several analysts have recently updated their ratings and price targets for FirstEnergy Corp. Jefferies Group reissued a "hold" rating and set a $34.50 price target (up previously from $34.00) on shares of FirstEnergy a research report on Tuesday, October 25th. Read More »

Trend Analysis Report: JPMorgan Chase & Co. (NYSE:JPM)

The Return on Equity (ROE) value stands at 10%. According to these analysts, the Low Revenue Estimate for JPMorgan Chase & 24.16 Billion and the High Revenue Estimate is 26.16 Billion. The stock grabbed 230 new institutional investments totaling 39,353,437 shares while 59 institutional investors sold out their entire positions totaling 13,934,302 shares. Read More »

Sindhu prefers Andhra over Telangana for government job


Sindu's mother Vijayalakshmi said they were soon expecting appointment order. Besides the job offer, the Andhra Pradesh government has already given Sindhu a cash award of Rs 3 crore, besides a 1,000 square yard residential plot in the new capital region of Amaravati. Read More »

Congress, BJP campaigns heat up in Manipur


The recovery of the explosives happened on the same day as the Coordination Committee (CorCom), a front of Manipur armed groups, called a complete shutdown of Manipur to boycott Mr Modi's rally. This recent development (sabotage claim) seems like an effort by the BJP to use the central subject of terrorism, and to bring in central agencies like the NIA and the CBI to investigate the sabotage theory weeks before the elections in UP. Read More »

Berkshire Profit Advances 15% to $6.29 Billion on Investments

Weighing in to the active versus passive funds management debate, Mr Buffett lashed the "huge" fixed fees "showered" on active fund managers for underperformance. Individual stock ratings issued for NYSE:BRK-B are highlighted below. Combs alerted Buffett to Precision Castparts, and Buffett may discuss what drove Berkshire's unexpected, multi-billion-dollar investments in Apple and the four biggest USA airlines. Read More »

JC Penney improves profitability, store closings on tap

He described J.C. Penney's physical stores as places for "personalized beauty offerings, a broad array of special sizes, affordable private brands and quality home goods and services". The department store giant's latest quarterly results, also released Friday, illustrate its struggle to connect with shoppers: Sales were down 0.7 percent at stores open more than a year. Read More »

Buffett's firm says 4Q profit up 15 percent on investments


At year-end, that privilege would have delivered Berkshire a profit of $10.5 billion, Buffett wrote, noting that Berkshire can use its preferred shares to satisfy the $5 billion cost of exercising the warrant. Buffett said Jain has created "tens of billions of dollars of value" since joining Berkshire in 1986. Buffett said that wealthy Americans have been suckered out of more than $100 billion over the past decade seeking "superior investment advice". Read More »

Tesla pushes for three more Gigafactories


Adjusted, Tesla lost $106.5 million, or 69 cents a gallon, compared to $264.8 million, or 75 cents a share, in the same quarter a year ago. The company did not give a Model 3 target for this year and declined to update a previous disclosure made last April that 373,000 advance reservations had been taken for the vehicle. Read More »

Berkshire Hathaway's Earnings Miss Estimates

But Buffett had nothing but praise for Vanguard founder Jack Bogle, who popularized ultra-low fee index funds. His latest letter adds fuel to the fire as an accelerating flow of cash moves from actively managed funds, such as hedge funds and many mutual funds, to generally lower-cost funds tracking indexes. Read More »

61% voting in UP fourth phase polls


Polling began this morning in 53 constituencies spread over 12 districts that figure in the fourth phase of the Uttar Pradesh Assembly elections. With poll machinery in the state keeping up the pressure on anti-social elements, Rs 13.49 crore in cash and 3.26 lakh litres of liquor worth Rs 8.17 crore was seized in run up to this phase. Read More »

Teva Pharmaceutical Industries Limited (NYSE:TEVA) Reviewed By Analysts


Ratings and estimates change daily and thus the numbers may differ slightly if a new report has been issued within the last 24-hours. The company has grown 20.44% in past 3 months and in the last five trades has moved down -3.68%. The co has dividend yield of 3.80% that is also considered as effective indicator. The ex-dividend date of this dividend is Tuesday, February 28th. Teva Pharmaceutical Industries's payout ratio is 67.44%. Read More »

Junee reacts to Sunday and holiday penalty rate cuts


Sunday rates for full-time workers have been reduced from double-time to time-and-a-half, while for casual workers rates have been cut from double-time to time-and-three-quarters. There will be no change to the Sunday rate for casuals, which will remain at 175 per cent. What happened to penalty rates? Backed by the WA business lobby, the Premier said he wanted State awards - under which about 15 per cent of West Australians were employed - to align with what has been determined at the ... Read More »

Where PT Stands For Reynolds American Inc. (RAI)


CHURCHILL MANAGEMENT Corp now owns 548,219 shares of the company's stock worth $25,849,000 after buying an additional 26,572 shares in the last quarter. The buoyancy in the outlook of Reynolds American Inc. Reynolds American's dividend payout ratio is now 43.29%. RAI has been the topic of a number of recent analyst reports. Read More »

Retail, hospitality workers face penalty rate cut


WA Premier Colin Barnett says he expects a fierce negative campaign against him by the unions after he backed the Fair Work Commission's decision to reduce penalty rates. Retail workers will take the biggest hit, while casual workers in hospitality will keep their existing penalty rates. "I'm really, really angry", she said, standing next to Ged Kearney of the Australian Council of Trade Unions. Read More »

Zacks Provided 3.37 Rating to Abercrombie & Fitch Co. (NYSE:ANF)

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. These analysts also forecasted Growth Estimates for the Current Quarter for ANF to be -30.6%. It has forward price to earnings ratio of 68.12, and price to earnings ratio calculated as 69.34. The stock has a Return on Assets of 0.5 percent, Return on Investment of 3.5 percent and a Return on Equity of 1 percent. Read More »

Sprouts Farmers Market, Inc


Higher EPS estimate is noted at $0.28 while lowest EPS estimate among analysts is targeted at $0.23. Several research firms have weighed in on SFM. Sprouts Farmers Market now has an average rating of "Buy" and a consensus price target of $25.95. Read More »

Cautious Bank of Ireland delays resumption of dividend

Other income grew by 1.7 per cent to €842 million with its operating income declining to €3.1 billion from just under €3.3 billion previously. Its net interest income declined by 7 per cent to just under €2.3 billion. The bank is more exposed to the country than any other Irish lender but Boucher said he expected some growth in mortgage lending in the United Kingdom this year. Read More »