• Vijay Mallya Arrested In London In Connection With Money Laundering Case

    Vijay Mallya Arrested In London In Connection With Money Laundering Case

    Economy

    In a June hearing at the London court, in a major setback to India, the court had expressed that the New Delhi had not provided evidence to Mallya yet, who is battling a slew of cases in India over his default case involving Rs. The Indian government had in February this year, handed over to British authorities a formal request for Mallya's extradition, saying it had a legitimate case against him on charges of financial irregularities and loan default.
  • DONG's name switch highlights renewable energy transition

    DONG's name switch highlights renewable energy transition

    Economy

    The new name fits in with the firm's strategy to focus on renewable energy after it divested its oil and gas business - and relieves it of the unfortunate acronym in the old name that is a crude, slang word in some languages. "Our home has treated us well". Despite the significant rise this is still below levels seen in the United States, where PPAs accounted for nearly half of the 4 GW of renewable energy installed in 2016, according to Re-source.
  • Preacher Spouting Verses About 'Doomsday' Sparks Panic Among UK Train Passengers

    Preacher Spouting Verses About 'Doomsday' Sparks Panic Among UK Train Passengers

    Economy

    The man "recited verses of the Bible" and "caused such panic" some passengers jumped on to the tracks. Other passengers praised a guard, who apparently dealt with the situation with "compassion, restraint and bravery". "According to train driver, a passenger near front of train was chanting "you're all going to die" which is why people forced doors and fled". Elsewhere on the SWR network, a swan on the line between Petersfield and Portsmouth caused delays for up to 40 minutes.
  • Strikes to paralyse rail and Tube lines

    Strikes to paralyse rail and Tube lines

    Economy

    Walkouts are being held on Southern rail, Arriva Rail North which trades as Northern, Greater Anglia and Merseyrail. RMT general secretary Mick Cash said: 'RMT members are standing absolutely rock-solid and united this morning in these four separate disputes as they make the case for safe, secure and accessible rail service for all.
  • Equifax ex-CEO: Here's what went wrong

    Equifax ex-CEO: Here's what went wrong

    Economy

    Currently, the stock has a 1 Year Price Target of $121.46. EFX has been the topic of several other research reports. J P Morgan Chase & Co reissued a "buy" rating on shares of Equifax in a research note on Friday, September 8th. Next quarter's EPS is expected be $1.44 with next year's EPS anticipated to be $6.30. His total compensation was about $2.8 million a year ago. Shares of Equifax, Inc .
  • 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.