Money

Norway's pension fund could cut billions in oil stocks to spread risk

Norway's pension fund could cut billions in oil stocks to spread risk It also has shares worth more than $1bn in oil services firm Schlumberger and Italy's Eni, whose share price slumped 0.86%. McKibben compared the bank's recommendation to "the moment when the Rockefellers divested the world's oldest oil fortune" in 2014, when the heirs to Standard Oil said that if founder John D. [Full Article...]

AAA predicts 51 million travelers this Thanksgiving, highest volume since 2005

AAA predicts 51 million travelers this Thanksgiving, highest volume since 2005 Road trip ready: 89 percent of all travelers - 45.5 million - are planning a Thanksgiving road trip, an increase of 3.2 percent over a year ago. AAA expects almost 51 million Americans to hit the road for Thanksgiving travel next week, the highest volume for Turkey Day travel in a dozen years. [Full Article...]

Airbus Announces Nearly $50 Billion Deal

Airbus Announces Nearly $50 Billion Deal Investment group Indigo Partners has bought the Airbus machines to use in its "low-cost" plane rental service, which was founded by the American, Bill Franke; considered to be one of the airline industry's most influential figures. Speaking at the Dubai Airshow Tuesday, the Chief Executive of Ethiopian Airlines , Tewolde Gebremariam, said the deal underlined the vitality of air traffic in North... [Full Article...]

Oil market could tip out of balance on rising non-Opec production

Oil market could tip out of balance on rising non-Opec production To be sure, the IEA expects Canadian oil production to rise - to 6.2 million barrels per day by 2040 from 4.5 million bpd in 2016, 100,000 bpd more than the IEA's last report. But analysts expect the price to not rise much further in coming months as the USA ramps up production. "Prices ... are starting to look like a pause or pullback is needed", said Greg McKenna, chief market strategist at fu... [Full Article...]

Nvidia Climbs To Record High On Upbeat Q3 Results

Greenwood Capital Associates Llc who had been investing in Cbs Corporation for a number of months, seems to be bullish on the $24.28B market cap company. RBC Capital Markets reinitiated NVIDIA Corporation (NASDAQ: NVDA ) on Friday, August 28 with "Sector Perform" rating. 3,107 shares were sold by SEAWELL A BROOKE , worth $434,980. [Full Article...]

(JCP) Shares Sold by the Bank of New York Mellon Corp

(JCP) Shares Sold by the Bank of New York Mellon Corp J C Penney Company Inc also notes that its comparable sales for the third quarter of 2017 were up by 1.7% . Finally, Jefferies Group reissued a "hold" rating and issued a $10.00 target price on shares of J.C. During the same period in the previous year, the firm posted ($0.21) EPS. Holding's quarterly revenue was down 1.8% on a year-over-year basis. analysts predict that J.C. [Full Article...]

Toy Company Rivals Hasbro And Mattel May Soon Become One

Toy Company Rivals Hasbro And Mattel May Soon Become One Joe under the same roof. Despite its financial woes, brands like Fisher Price and Hot Wheels, which are still seen as valuable, are said to make Mattel "ripe for a takeover" by Hasbro. Mattel has pointed to that bankruptcy as a reason for weak sales. Mattel stock fell on that day to its lowest since 2009. But, the deal could be an opportunity for Mattel, which has struggled financially in recent... [Full Article...]

I Didn't 'Make Decision' to Recommend AT&T Sell CNN

I Didn't 'Make Decision' to Recommend AT&T Sell CNN Stephenson has said he has no interest in selling CNN . The deal's holdup has raised suspicions of political retaliation - even from people who oppose the deal entirely. Raj Shah, a White House spokesman, said in a separate statement that Trump "did not speak with the Attorney General about this matter, and no White House official was authorized speak with the Department of Justice on this matt... [Full Article...]

Nordstrom shares drop as same-store sales disappoint

Nordstrom shares drop as same-store sales disappoint Despite the sales headwinds, Macy's did report adjusted earnings per share of $0.23, topping analysts' estimates calling for $0.19 per share. Nordstrom, Inc . Macy's continues to struggle with brick-and-mortar, with sales at stores open for more than 12 months dropping 3.6 percent. That was worse than the company's guidance of "-2.5% or slightly worse", and Wall Street's view of a -2.7... [Full Article...]

SSE and innogy confirm talks to merge supply and services divisions

SSE and innogy confirm talks to merge supply and services divisions As the cap is aimed at standard variable tariffs and default tariffs, it is expected to threaten the profits of some of the larger suppliers. Two of the UK's biggest energy companies, SSE and npower, have announced plans to merge their residential supply business. [Full Article...]

Koenigsegg beats Bugatti's speed record

Koenigsegg beats Bugatti's speed record Per the standard format for setting a land speed record , Lilja made two runs in opposite directions within the space of an hour to eliminate the effects of gradients and wind, with the two recorded speeds then averaged. The previous record was the 267.8 miles per hour set by the Bugatti Veyron Super Sport in 2010 . It is powered by a 5.0-litre twin-turbo V8 that produces 865kW and upto 1280... [Full Article...]

Russia Who? Facebook Beats Q3 Earnings And Grows MAUs And DAUs

Russia Who? Facebook Beats Q3 Earnings And Grows MAUs And DAUs The latest user numbers: Facebook daily active users were up 16% to 1.37bn, while monthly active users were up 16% to 2.07bn. The company posted FX-neutral advertising revenue growth of 47 percent year over year thanks to ad pricing ramp, a "rare and impressive" feat according to Anmuth. [Full Article...]

Jefferies Group Increases Bellway plc (BWY) Price Target to GBX 2857

Jefferies Group Increases Bellway plc (BWY) Price Target to GBX 2857 Achillion Pharmaceuticals In now has $544.31 million valuation. About 1.23 million shares traded. (NYSE:SPE) has risen 13.45% since November 2, 2016 and is uptrending. 3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. [Full Article...]

Estee Lauder shares hit record high on millennial boost

Estee Lauder shares hit record high on millennial boost This is a boost from Estee Lauder Companies's previous quarterly dividend of $0.30. Estee Lauder Companies's payout ratio is presently 40.82%. Several brokerages recently commented on EL. The 1-year high was reported on Nov, 1 by Barchart.com . 09/14/2017 - Macquarie began new coverage on Estee Lauder Companies, Inc . (The) by 2.2% during the third quarter. [Full Article...]

NY shooting - multiple people gunned down in lower Manhattan, cops say

NY shooting - multiple people gunned down in lower Manhattan, cops say New York Mayor Bill de Blasio has been briefed on the incident in downtown Manhattan, the mayor's press office said in a tweet. The latest: * 8 people dead; more than a dozen injured * FBI investigating as possbile act of terror *President Trump briefed City officials believe this incident was deliberate and a possible act of terrorism. [Full Article...]

Confusion over new US-bound flight rules

Confusion over new US-bound flight rules Air France said it will provide questionnaires for all US-bound passengers to fill out. Privately some airline officials worry that a major increase in passenger interviews could slow the boarding process and lead to flight delays. The new rules are part of an effort by the Department of Homeland Security to more thoroughly screen travelers headed to the United States. Travellers could face ... [Full Article...]

Israeli 'Greater Jerusalem' bill paused after USA pressure

Israeli 'Greater Jerusalem' bill paused after USA pressure But Likud member David Bitan, chairperson of Netanyahu's coalition in parliament, said a vote by the cabinet committee would be delayed because Washington told Israel the bill's passage could impede United States efforts to revive peace talks that collapsed in 2014. [Full Article...]

Lennar buys CalAtlantic to become largest USA homebuilder

Lennar buys CalAtlantic to become largest USA homebuilder At the time of writing, the First Call consensus price target for the company is $40.25. Based on current stock levels, CalAtlantic Group, Inc . shares are trading 20.81% off of the 50-day high and 46.16% away from the 50-day low. The operating margin is 11.20% percent and the net profit margin stands at 7.20% percent. The firm's revenue was up 4.0% on a year-over-year basis. During the same qu... [Full Article...]

The Goodyear Tire & Rubber Bottom Line Declines 5% In Q3

The Goodyear Tire & Rubber Bottom Line Declines 5% In Q3 This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.74%. Also, it has an estimated price-earnings (P/E) multiple of 7.94 and a trailing 12-month price-earnings (P/E) multiple of 7.39. The target price is an amalgamation of differing takes on what the stock will do over time. This is a problem for day traders and it could mean the difference between a profitable and no... [Full Article...]

U.S. economy shows resilience with 2nd straight solid quarter

U.S. economy shows resilience with 2nd straight solid quarter The slowdown was offset by a strong 8.6 percent gain in business investment in equipment and an increase in business rebuilding of inventories, which added 0.7 percentage point to third quarter growth , Friday's report said. In the second quarter, real GDP increased 3.1 percent.The Bureau emphasized that the third-quarter advance estimate released today is based on source data that are incomplete... [Full Article...]


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