https://newsline.com/wp-content/uploads/2017/10/59d2fae1fc7e93ea028b4568.jpg

Economy

By claiming that the electronics they had ordered arrived damaged, the Muncie, Indiana couple was able to land products like GoPro action cameras, Samsung smartwatches, Xbox consoles, and Surface tablets made by Microsoft, through creating hundreds of different fake identities online to hide the crimes.
  • India's Ola raises US$2 bil from SoftBank, Tencent

    India's Ola raises US$2 bil from SoftBank, Tencent

    Economy

    While the transaction has been confirmed, the agreement is still awaiting approval from the Competition Commission of India (CCI). Ola is getting United States dollars 2 billion funding from a group of investors that includes SoftBank Group and Tencent Holdings, said industry sources.
  • A Gap brand reaches for the cloud

    A Gap brand reaches for the cloud

    Economy

    Caesars Entertainment standardized its back-office processes with Oracle Cloud and is the first Las Vegas casino/hotel company to move to a cloud-based financial system, said President and CEO Mark Frissora in a video . He distinguished the technology from the autopilot systems used to handle many, though not all, of the functions of flying a plane. Rather than putting database admins out of a job, Oracle's founder claimed his autonomous database was simply making their lives easier.
  • Oil falls more than two percent on signs of higher output

    Oil falls more than two percent on signs of higher output

    Economy

    USA drillers added six oil rigs in the week to September 29, bringing the total count to 750, data from General Electric Co's (GE.N) Baker Hughes energy services firm showed on Friday. Oil returned to a bull market last week on signs that rising demand and production cuts by the Organization of Petroleum Exporting Countries' and its allies are finally helping to cut into a global crude surplus.
  • Taking a Look at the Data Behind Wells Fargo & Company

    Taking a Look at the Data Behind Wells Fargo & Company

    Economy

    On Wednesday, July 5 the stock rating was downgraded by Wedbush to "Underperform". Roth Capital maintained it with "Buy" rating and $15 target in Thursday, September 17 report. Narrowing in a bit closer, the 5 month price index is 1.01028, the 3 month is 0.97956, and the 1 month is now 1.05504. It increased, as 62 investors sold BB&T Corporation shares while 256 reduced holdings.
  • Tesla Inc (TSLA) Reports Record Vehicle Deliveries In Q3

    Economy

    However, Tesla didn't say when its Model 3 production would get back on track or how it planned on fixing the production bottleneck issues, but there are a lot of Model 3 owners hoping the company figures it out soon. In the company's previous shareholder's letter, Tesla said it was confident it could produce 1,500 Model 3 cars in the third quarter. It expects to deliver about 100,000 of those models in 2017.
  • Australian Dollar Drops After Another Verbal Jab from the RBA

    Australian Dollar Drops After Another Verbal Jab from the RBA

    Economy

    The Australian Dollar fell, presumably matching the RBA's wishes, after the central bank left its target Cash Rate on hold at 1.50 percent. "Also, RBA governor Philip Lowe announced in a recent speech that the global trend of rising interest rates "should be seen as a positive development" and "would, over time, be expected to flow through to us" - which seems like a clear statement of intent.
  • ISM: Manufacturing Activity Expanded at a 13-Year High in September

    ISM: Manufacturing Activity Expanded at a 13-Year High in September

    Economy

    USA factory index climbed to 60.8, the highest since May 2004, from 58.8. Seventeen of 18 manufacturing industries reported growth, led by textile mills and machinery. The August figure is 2.5% above the level from the same time a year ago. A separate report showed that construction spending is up by 0.5% against 0.4% expected, albeit with a downward revision.
  • GM will have 20 electric auto models on the road by 2023

    GM will have 20 electric auto models on the road by 2023

    Economy

    The two new cars will be based on technology derived from the company's Bolt EV, the 238-mile-range electric sedan that Chevrolet introduced late a year ago. Reducing weight is vital because it means the electric drive system doesn't have to work as hard. On Monday, GM revealed a new battery architecture that it said would provide greater flexibility to engineer cars and trucks in response to customer demand.
  • Sisters Temporarily Suspends Operations Post Guardian/ITV Investigation

    Sisters Temporarily Suspends Operations Post Guardian/ITV Investigation

    Economy

    The Food Standards Agency (FSA) has also been investigating the claims. 'The FSA has been in daily attendance since the allegations were raised and confirmed that it has not identified any breaches. "However, there have been isolated incidents where food quality procedures have not been followed and therefore, in agreement with 2 Sisters we have made a decision to suspend all orders from Site D so that staff can receive further training".
  • (NYSE:TSN) Generating Enough Return on Equity For Investors?

    (NYSE:TSN) Generating Enough Return on Equity For Investors?

    Economy

    Sun Life Financial INC increased its holdings in Tyson Foods by 21,000.0% in the 2nd quarter. Several other hedge funds and other institutional investors have also modified their holdings of TSN . BMO Capital Markets maintained Tyson Foods, Inc . Tyson Foods (NYSE: TSN ) last released its quarterly earnings results on Monday, August 7th. The stock tapped a 52-week high of US$76.93 while the mean 12-month price target for the shares is US$72.
  • Nissan Recalls 1.2 Million Cars In Japan

    Nissan Recalls 1.2 Million Cars In Japan

    Economy

    The auto giant temporarily stopped registering new vehicles in Japan last week, after the government notified the company it had noticed inspection irregularities. The news saw the Nissan share price tumble as investors sought to sell the stock. Nissan temporarily stopped registering new vehicles in Japan last week, after the government notified the company it had noticed inspection irregularities.
  • Marvell Technology Group Ltd. (NYSE:MRVL), Visa Inc. (NASDAQ:V)

    Economy

    Marvell Technology Group Ltd . shares had a trading volume of 3,059K by the end of trading on Thursday. Over the last three months, the shares of the company have changed 8.35% and performed 17.30% over the last six months. State Of Tennessee Treasury Department stated it has 0.03% of its portfolio in NiSource Inc. City, West Virginia-based fund reported 800 shares. Analysts expect Republic Services, Inc.
  • Independence Realty Trust, Inc. (NYSE:IRT) Sees Significantly Lower Trading Volume

    Independence Realty Trust, Inc. (NYSE:IRT) Sees Significantly Lower Trading Volume

    Economy

    It has underperformed by 80.46% the S&P500. The total value of its holdings decreased 15.1%. Cutler Capital Management Llc sold 100,350 shares as the company's stock declined 15.04% while stock markets rallied. Therefore 56% are positive. Vornado Realty Trust had 22 analyst reports since August 5, 2015 according to SRatingsIntel. Goldman Sachs has "Neutral" rating and $21 target.
  • Hansteen Holdings (LON:HSTN) Analyst Target Prices

    Hansteen Holdings (LON:HSTN) Analyst Target Prices

    Economy

    Under Armour had 8 analyst reports since March 24, 2017 according to SRatingsIntel. Investec restated a "buy" rating and issued a GBX 2,250 ($30.26) target price on shares of Go-Ahead Group plc in a report on Friday, June 2nd. The company has market cap of 396.32 million GBP. The Company's divisions include UK, US, EU and RoW. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value.
  • Mnuchin Claims Tax Plan Will CUT Deficit by $1 Trillion

    Mnuchin Claims Tax Plan Will CUT Deficit by $1 Trillion

    Economy

    POTUS promised that wasn't the case , but since he still hasn't released his tax returns and is a known liar, that's pretty tough to verify. He said 90 percent of American families pay someone else to do taxes and that must end. "George, I can't comment on what the president will do or what he won't do on that, but again, I'm perfectly comfortable that the American public is gonna understand this as we go through this process", Mnuchin replies.
  • UK Manufacturing Growth Moderates In September

    UK Manufacturing Growth Moderates In September

    Economy

    Although falling for the 12th month in a row, the rate of job shedding was fractional and the joint-weakest in this sequence. Conversely, stocks of finished goods rose during the month. The 50-point line separates expansion from contraction in activity. "Stronger worldwide client demand provided a key source of growth, as shown by export sales expanding at the quickest pace in seven months", said Joe Hayes, economist at IHS Markit .
  • Bank of Montreal Can Buys 470615 Shares of Schlumberger NV (SLB)

    Economy

    Separately, Director Helge Lund purchased 2,800 stocks of the shares in a trade that took place on Mon, Jul 24th. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since October 1, 2016 and is uptrending. Flossbach Von Storch Ag holds 341,500 shares. Independent Consultants holds 165 shares. Counselors Of Maryland Limited Liability Corporation stated it has 158 shares or 0% of all its holdings.
  • Notable Buzzer: Pandora Media, Inc

    Notable Buzzer: Pandora Media, Inc

    Economy

    Other analysts have also recently issued reports about the stock. Analysts have given a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
  • RCom announces plans for debt reduction

    RCom announces plans for debt reduction

    Economy

    Setback to Anil Ambani firm's debt reduction plan; company blames legal uncertainties and "vested interests". The total debt of the company stands at around Rs 42,000 crore. It said that RCom will continue to implement its plans for monetisation of its Tower and Fiber assets, as already announced. The collapse of the deal with Aircel comes after the local arm of Sweden's Ericsson ( ERICb.ST ) filed a plea with an Indian insolvency court against RCom last month.
  • Tax plan needs to boost up, not trickle down

    Tax plan needs to boost up, not trickle down

    Economy

    The Trump plan would slash large and small business tax rates, double the standard deduction for middle-income folks, make the whole tax code simpler by eliminating unnecessary deductions, repeal the death tax, and end the alternative minimum tax .