Finance


FCA's rules on listing sovereign-owned companies 'bad news' for London FCA's rules on listing sovereign-owned companies 'bad news' for London
- July 14, 2017

A row has erupted between the big investment institutions and the chief City regulator over plans published yesterday to change stock market rules to enable Saudi Arabia's enormous state-controlled oil company to list its shares in London. "Investors have long recognised this". Saudi Aramco plans to list 5% of the company publicly in an IPO worth between $US50 billion and $US100 billion - making it the world's biggest by market capitalisation. (more...)
Gymboree Shutting Down 350 Stores, Including Fayetteville Gymboree Shutting Down 350 Stores, Including Fayetteville
- July 14, 2017

Inventory sales are scheduled to begin at some stores on July 18 , but the company did not say if that includes the Boise store or provide the date the Boise store will close. Gymboree also operates Janie and Jack stores and insane 8 stores. Most of the store closings will be Gymboree and insane 8 locations. Gymboree announced it had filed for bankruptcy on June 11. (more...)
Magellan Midstream Partners LP (MMP) Stake Increased by Creative Planning
- July 14, 2017

It is down 60.53% since July 13, 2016 and is uptrending. It has underperformed by 3.61% the S&P500. Also Reuters.com published the news titled: "Jana says EQT can save $4.5 billion by scrapping Rice Energy deal" on July 05, 2017. Neuberger Berman Group Limited Liability Corporation invested in 0.08% or 2.10 million shares. Clinton Group Inc now controls 44,016 shares valued at $3,385,000. (more...)
Stocks Climb, Sending Dow To Another Record
- July 14, 2017

US equities closed higher on Thursday as retailers rose, led by Target. Dow Jones hits record as Yellen remarks seen dovish. The US economy grew at a "slight to moderate" pace over the last several weeks across all regions of the country, with wage pressures reported for both low- and high-skilled jobs, the Federal Reserve reported on Wednesday in its latest compendium of regional economic activity. (more...)
Amazon plans to improve Echo sound quality to compete with HomePod Amazon plans to improve Echo sound quality to compete with HomePod
- July 14, 2017

While the Amazon Echo looks like a cylinder - tall and narrow - the Echo Show comes with a 7-inch touchscreen and is more rectangular in nature. The new speaker should be able to deliver better sound thanks to the addition of several tweeters. We hope the playback control functionality expands with support for any application on the Fire TV as this should have been a feature from the very start, but at least we know that Amazon is finally considering more tightly integrating their two ... (more...)
Obscure law could nail Donald Trump Obscure law could nail Donald Trump
- July 14, 2017

The department has acknowledged that Sessions - on his form - omitted meetings he had with foreign dignitaries, including the Russian ambassador. Senate Majority Leader Mitch McConnell said he was confident Senate investigators would "get to the bottom of whatever happened". (more...)
Theresa May asks voters to give her 'few years' Theresa May asks voters to give her 'few years'
- July 14, 2017

The PM has been left seriously weakened since she lost her Commons majority altogether in last month's election, leaving her reliant on the DUP to push through her agenda. She added: "I felt devastated, really". Mrs May admitted that the party should have adopted a more positive message during the election campaign and admitted that more could have done to respond to the concerns of voters. (more...)
Tata Consultancy logs sharpest drop in quarterly profit in 2 years Tata Consultancy logs sharpest drop in quarterly profit in 2 years
- July 14, 2017

The operating margin during the quarter was 23.4%. TCS gets about 82 percent of its revenues from the U.S. and Europe and a strengthening rupee hurts profits. Tata Consultancy Services (TCS) is set to shut down its operations in Lucknow and employees at the facility were reportedly told about it by their team leaders on Wednesday, July 12. (more...)
Southern Rail owner fined £13.4m over poor performance Southern Rail owner fined £13.4m over poor performance
- July 14, 2017

This pathetic response to the abject failure by GTR to deliver on their contract doesn't even stack up to a slap on the wrist. The Go-Ahead group will spend the fine on "customer improvements", including 50 more members of onboard staff, however unions have said this is "less than a slap on the wrist" for the train company. (more...)
Mike Ashley eyes Game with 25% stock purchase Mike Ashley eyes Game with 25% stock purchase
- July 14, 2017

It was recently forced to drastically revise its financial expectations after a poor start to 2017, something which GAME blamed on a lack of Switch stock from Nintendo - a statement which raised eyebrows throughout the industry. Mr Ashley has angered investors for refusing to bow to pressure to replace the company's chairman or appoint more independent board members. Game's shares closed almost 23% higher on Wednesday amid speculation about higher-than-average trading activity. (more...)
Metro rail network grinds to a halt Metro rail network grinds to a halt
- July 14, 2017

M, Metro Trains tweeted out "No metropolitan trains are now operating". Metro Trains said compensation for passengers would be reviewed on a case-by- case basis. Metro Trains have said their technicians are now working through the fault but have not said when the network will be up and running. BY 5PM, Metro Trains had taken to social media to reassure commuters that services had resumed across the network, with the company later saying that the major delays were "reducing across the ... (more...)
LG V30 to launch ahead of IFA 2017 on August 31 LG V30 to launch ahead of IFA 2017 on August 31
- July 14, 2017

It should have a glass rear panel along with a dual camera setup where LG will hopefully continue with have a wide-angle lens. However, unlike previous years where the V10 and V20 had their own events, it seems like the V30 will be unveiled at IFA. (more...)
New premiere date for 'Bachelor in Paradise' season 4 set New premiere date for 'Bachelor in Paradise' season 4 set
- July 14, 2017

Warner Bros. had announced on June 11 that it was suspending production of season 4 of the "Bachelor / Bachelorette " spinoff show, saying "We have become aware of allegations of misconduct on the set" and promising an investigation and "appropriate responsive action". (more...)
Uber is Merging with Yandex in $3.7 Billion Russian Ride-Hailing Deal Uber is Merging with Yandex in $3.7 Billion Russian Ride-Hailing Deal
- July 14, 2017

In 2015, C.E.O. Travis Kalanick had called taking over the People's Republic his "number-one priority"; months later, the company announced that it would be selling Uber China to local rival Didi Chuxing , creating a new entity worth $35 billion. (more...)
Energy Transfer Equity LP Energy Transfer Equity LP
- July 14, 2017

The stock declined 0.22% or $0.04 reaching $17.88 on the news. Coach Inc (NYSE:COH) has risen 18.95% since July 13, 2016 and is uptrending. It has underperformed by 11.07% the S&P500. The firm has "Buy" rating by Jefferies given on Friday, December 18. The stock has "Market Perform" rating by Oppenheimer on Wednesday, September 2. One may say buy while other recommend sell. (more...)
Man gets trapped behind ATM, escapes by feeding notes through receipt slot Man gets trapped behind ATM, escapes by feeding notes through receipt slot
- July 14, 2017

Since the ATM still works, people were stopping by to get cash, and the contractor chose to slip out notes through the receipt slot stating,"Please Help". 'You'll never see this again in your life that somebody's stuck in the ATM machine. A man, hidden behind the machine, was locked in the service room that housed the ATM. (more...)
Delta Air Lines (DAL) Lags Q2 Earnings Despite PRASM Growth Delta Air Lines (DAL) Lags Q2 Earnings Despite PRASM Growth
- July 14, 2017

Deutsche Bank AG increased their price objective on shares of Delta Air Lines from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, April 18th. Nomura stated it has 0.02% in Delta Air Lines, Inc . The company had revenue of $10.79 billion during the quarter, compared to analysts' expectations of $10.81 billion. (more...)
Your Guide To Free Fries On National French Fry Day Your Guide To Free Fries On National French Fry Day
- July 14, 2017

Here's where to get all the best deals for National French Fry Day. Arby's: Order a Brown Sugar Bacon Sandwich and Arby's will throw fries and a drink in for free. Dairy Queen: A small order of fries cost $1 on Thursday. BurgerFi - Customers will receive a free order of fries with the purchase of any hot dog or burger. (more...)
JC Penney Company, Inc. Holding Company (NYSE:JCP) Valuation According To Analysts JC Penney Company, Inc. Holding Company (NYSE:JCP) Valuation According To Analysts
- July 14, 2017

Cetera Ltd Llc accumulated 23,196 shares or 0.01% of the stock. COPYRIGHT VIOLATION WARNING: "J.C. Penney Company, Inc". Holding Company during the fourth quarter worth approximately $665,000. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of USA & worldwide copyright laws. "Holding Company (NYSE: JCP ) Shares Sold by Nomura Holdings Inc." was originally posted by Transcript Daily and is the property of of Transcript Daily. (more...)
Querrey knocks out Murray Querrey knocks out Murray
- July 13, 2017

But let's start from the beginning. However, Murray then found it hard to move freely and 24th seed Querrey eased to victory in the final two sets to claim a 3-6 6-4 (4-7) 6-1 6-1 victory on Centre Court. The Federer-Raonic victor will take on either three-time champion Novak Djokovic , 30, or 2010 runner-up Tomas Berdych , 31, in the semifinals. After this defeat, To lose his first place if Serbian Novak Djokovic were to win the tournament. (more...)