Markets
AT&T ready to fight United States on Time Warner deal: CEO
The US Department of Justice, the country's antitrust regulator, is investigating the deal and has recommended that AT&T either sell its DirecTV unit or Time Warner's Turner Broadcasting unit, which includes CNN , according to reports this week. [Full Article...]
Amazon store to pop up in Rochester Hills Whole Foods
Whole Foods announced the Amazon pop-ups would also be launching in stores in Illinois, Michigan, Florida and southern California. Discounts will be applied to some of these products in the week leading up to Black Friday . Whole Food's pre-Black Friday deals include $20 off the Echo Dot, $20 off the new Amazon Echo, and $30 off Kindle Paperwhite. Some of those in-store deals will be happen... [Full Article...]
Losses widen at JC Penney despite same-store sales doubling market expectations
Penney Co. Looking back over the last month, shares have performed -29.10%. Pinebridge Investments L.P. purchased a new stake in J. C. Penney Company, Inc . J. C. Penney Company, Inc . Holding Company will post 0.06 earnings per share for the current year. A number of other research firms have also commented on JCP . [Full Article...]
The Nvidia Corp. (NVDA) Coverage Initiated by Analysts at Loop Capital
About 45,853 shares traded. RPX Corp (NASDAQ:RPXC) has risen 55.41% since November 10, 2016 and is uptrending. It has outperformed by 41.94% the S&P500. Friess Associates Ltd Liability Corporation holds 134,939 shares. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker's stock valued at $117,000 after purchasing an additional 547 shares during the last quarter. [Full Article...]
Nordstrom posts lower-than-expected quarterly same-store sales
The retailer recorded a drop of 0.9 percent, compared to the decline of 0.2 percent expected by Thomson Reuters. Nordstrom , Inc. ( NYSE:JWN ) shares were riding higher today in tandem with Macy's ( NYSE:M ), whose stock jumped after the company posted better-than-expected earnings . [Full Article...]
Uber signs deal with NASA to develop flying taxis by 2020
Uber still has a long way to go to get this flying auto concept off the ground. The ride-sharing startup has said it plans to roll out an on-demand vertical take-off and landing (VTOL) network in Dallas and Dubai by 2020, and Wednesday added Los Angeles to the list. [Full Article...]
Yahoo's Mayer Says Hackers Getting Tougher as Equifax Reassures
However, it was revealed later that three billion user accounts were affected. Yahoo had bumped its estimate of affected accounts from a previous 1B to all of them (3B in total). "When you think of a sophisticated state actor, China or Russian Federation, your companies can't stand up against them", said Florida's Senator Bill Nelson . [Full Article...]
Koenigsegg Agera RS becomes the world's fastest production auto
The hypercar was driven on two runs in opposite directions of an 11-mile stretch of closed public highway between Las Vegas and Pahrump. The Agera RS used in the attempt is the same one that recently set a time of 37.28 seconds for the 0-250-0 miles per hour run. [Full Article...]
Australia snubs New Zealand offer to take refugees on PNG
Papua New Guinea security officials shouted at refugees who were fetching food from an Australian refugee camp, refugees at the center told Reuters. "As I have said in New Zealand, we of course do not have the circumstances that Australia is operating under, but we also can not ignore the human face of what Australia is dealing with either", she said. [Full Article...]
Facebook Profit Jumps 79% to United States dollars 4.7 Billion in Q3
The increase in security comes after Facebook , along with other tech giants, Amazon and Twitter , testified before Congress about the Russian ads meddling with the USA 2016 Presidential elections. Facebook , Google and Twitter representatives have been testifying before Congress this week as lawmakers try to discover how each company allowed stealth Russian posts and whether there needs to... [Full Article...]
Jefferies Group Increases Bellway plc (BWY) Price Target to GBX 2857
The stock rating of Wilmington (LON:WIL) was kept by research professionals at N 1 Singer. JP Morgan maintained CYBG PLC (LON:CYBG) rating on Wednesday, September 14. As per Thursday, November 12, the company rating was maintained by Leerink Swann. Elsewhere in the sector, Citi also had some love for the Pru, which it rates as a "buy". [Full Article...]
Tourists to be banned from climbing Australia's most famous attraction
Wilson, who is the park's board chairman, said visitors still would be welcomed. "It has cultural significance that includes certain restrictions and so this is as much as we can say". The red monolith is in Uluru-Kata Tjuta National Park, near Alice Springs, 1,300 miles north west of Sydney. The park's 2010-2020 management plan recommended the climb be closed when one of three preconditions w... [Full Article...]
Multiple casualties after truck runs over people in New York City
The NYPD says a vehicle entered the pedestrian/bike bath a few blocks north of Chamber Street where it struck multiple people. Stay on top of breaking news stories with the ABC11 News AppAccording to a spokesman for Mayor Bill de Blasio, the mayor has been briefed on the incident and said there is no active threat. [Full Article...]
Lennar is buying fellow home builder CalAtlantic in $5.7-billion deal
The stock presently has a consensus rating of Buy and an average price target of $42.29. CalAtlantic Group Inc (NYSE: CAA ) stock was flying high today on news of a deal with Lennar Corporation ( NYSE:LEN , NYSE: LEN.B ). The firm's revenue was up 166.0% on a year-over-year basis. Analysts anticipate that CalAtlantic Group will post $3.40 EPS for the current fiscal year. [Full Article...]
There Are Strict New Rules For Anyone Flying To The US
Yesterday was the deadline. "The security measures affect all individuals, worldwide passengers and U.S. citizens, travelling to the United States from a last point of departure global location", said Lisa Farbstein, a spokeswoman for the TSA. [Full Article...]
The Goodyear Tire & Rubber Company (NASDAQ:GT) Experiencing Unusual Activity Mid-day
Financial Architects Inc now owns 3,546 shares of the company's stock worth $124,000 after purchasing an additional 75 shares during the last quarter. The Goodyear Tire & Rubber's quarterly revenue was up 1.9% compared to the same quarter past year. The company's board also authorized a dividend increase of 40 percent. [Full Article...]
Analysts Rated AbbVie Inc. (ABBV) as Buy
AbbVie Inc . The firm's 50-day moving average price is $89.15 and its 200-day moving average price is $74.55. The drugmaker's net earnings rose to $1.63 billion or $1.01 per share in the third quarter, from $1.60 billion or 97 cents per share, a year earlier. [Full Article...]
Singapore Passport World's Most Powerful, India Improves Its Ranking
According to Passport Index developed by global financial advisory firm Arton Capital, the Indian passport is positioned at 75 - much poorer than African countries like Zimbabwe (65), Uganda (66), Madagascar (74), Rwanda (72) and war-ravaged Sierra Leone (67). [Full Article...]
United States makes H-1B visa extensions more hard
The H-1B visa is issued to high-skilled non-Americans to work at USA companies for a span of three years, after which it can be renewed. However, with the newer restrictions, the applicant will be required to prove to the federal authorities that they are still eligible everytime they seek an extension. [Full Article...]
Can Caterpillar Inc. (NYSE:CAT) Continue To Move The Needle?
During the third quarter of 2017, Caterpillar Inc. reported revenue of $11.41 billion. 403.41 million shares or 1.48% less from 409.46 million shares in 2017Q1 were reported. (NYSE: CAT ) by 0.3% during the third quarter, Holdings Channel reports. Caterpillar is second-best performing Dow industrials stock in 2017, up 42% through Monday. [Full Article...]