Economy

Venezuelan President Nicolas Maduro said Sunday his country would create a cryptocurrency called the "petro" as it faces a "financial blockade" in the midst of crippling USA sanctions. Venezuela, as covered by CCN, has been ravaged by economic problems caused by hyperinflation and government failures. A prudent citizen of that country would have protected his wealth better by holding a digital currency rather than the Venezuelan bolivar.
  • American Airlines Cracks Down on Smart Luggage With Built-In Batteries

    American Airlines Cracks Down on Smart Luggage With Built-In Batteries

    Economy

    Delta and American both said they have made a decision to ban the checking in of smart bags unless passengers can remove the lithium-ion batteries that power them over fears that damaged power sources could overheat and pose a fire hazard. At least one major maker of smart luggage - Away Luggage - says that their batteries are removable. It requires spare uninstalled batteries to travel in carry-on baggage with the passenger.
  • Co-op stores to sell food past its 'best before' date for 10p

    Co-op stores to sell food past its 'best before' date for 10p

    Economy

    East of England Co-op is to cement its reputation for ethical trading by announcing that it is to become the first big United Kingdom retailer to banish so-called " best before " dates, thus saving mountains of food waste from being unnecessarily directed toward landfill.
  • Facebook's new London office to create 800 jobs

    Facebook's new London office to create 800 jobs

    Economy

    Media reports also suggest that the new office will house Facebook's first in-house start-up incubator to help kick-start British digital businesses. The new office is located on Rathbone Place, near London's Oxford Street, and a short distance from previous homes in Euston and Covent Garden .
  • FDA Approves Eighth Biosimilar, First for Cancer Drug Herceptin

    Economy

    We expect Biocon's share of profit to be significant and also expect a large contribution from biosimilars going ahead, said Mazumdar Shaw. Mylan-Biocon's trastuzumab, to be sold under the name Ogivri, is the first biosimilar approved in the US for the treatment of breast cancer or stomach cancer and the second biosimilar approved in the country for cancer treatment, US FDA said in a release.
  • Golden Krust CEO dead at 57

    Golden Krust CEO dead at 57

    Economy

    ET Saturday. Despite his rise from humble beginnings in Jamaica to one of the biggest success stories in the United States, friends and employees say he remained humble and was very generous. Hawthorne left Jamaica for the U.S.in 1981 after other family members made the trip in hopes of finding prosperity. Muschamb said Hawthorne was an inspiration to his countrymen in Jamaica.
  • Crude Oil Steady After OPEC Deal, Rig Count On Tap

    Crude Oil Steady After OPEC Deal, Rig Count On Tap

    Economy

    John Kilduff , founding partner at Again Capital , remarked, "The market is giving the OPEC, non-OPEC accord its due; the Saudi oil minister came across as resolute and determined to see global crude oil inventories reduce". Traders will be paying attention when Baker Hughes releases its US rig count this afternoon. Olivier Jakob , managing director for Petromatrix , said, "It leaves a question mark about the second half of 2018 and about the commitment of Russian oil ...
  • Horizon Investments LLC Has $1.30 Million Holdings in Kimberly-Clark Corporation (KMB)

    Economy

    Kimberly-Clark Corporation (KMB) has made its way to a 12-month gain of 3.59%. It has outperformed by 0.43% the S&P500. Decatur Capital Management Inc increased Kimberly (KMB) stake by 30.05% reported in 2017Q2 SEC filing. Conning has 259,289 shares. Northcoast Asset Mgmt Llc reported 61,401 shares stake. Following the sale, the senior vice president now owns 23,543 shares in the company, valued at $3,016,093.73.
  • Ajo LP Trimmed Its Johnson & Johnson (JNJ) Position as Market Valuation Rose

    Economy

    The firm has "Hold" rating by Piper Jaffray given on Tuesday, July 18. The stock of Johnson & Johnson (NYSE: JNJ ) earned "Hold" rating by Societe Generale on Wednesday, April 6. Johnson & Johnson (NYSE:JNJ) last issued its earnings results on Tuesday, April 18th. RBC Capital Markets downgraded the stock to "Sector Perform" rating in Tuesday, June 20 report.
  • American Tower Corp (AMT) Chairman Sells 34000 Shares of Stock

    Economy

    The stock increased 4.44% or GBX 0.04 during the last trading session, reaching GBX 0.94. About 159,934 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since December 3, 2016 and is downtrending. The firm earned "Buy" rating on Monday, October 16 by Jefferies. Morgan Stanley maintained American Tower Corporation (NYSE:REIT) rating on Tuesday, November 14.
  • Whiting Petroleum Corp. (WLL) Holder Schneider Capital Management Corp Boosted Position

    Economy

    The volume of WLL witnessed a shift from 8.59 million shares, based on a 50-day average, to 5.54 million shares. Investec Asset Management Limited invested 0.06% in Whiting Petroleum Corporation (NYSE:WLL). Proxima Capital Management Llc, a New York-based fund reported 860,000 shares. Shanda Asset Mgmt Hldg Limited has 0.04% invested in Whiting Petroleum Corporation (NYSE:WLL).
  • Are Analysts Bearish Anadarko Petroleum Corporation (NYSE:APC) After Last Week?

    Economy

    About 8.41 million shares traded or 49.17% up from the average. Moreover, Envestnet Asset Mgmt has 0.01% invested in Anadarko Petroleum Corporation (NYSE:APC). Cambridge Associates Llc, which manages about $96.15B and $633.07M US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VWO) by 43,812 shares to 838,891 shares, valued at $34.25M in 2017Q2, according to the filing.
  • First Horizon National Corporation (NYSE:FHN) Sees Volume Pop in Session

    Economy

    Jefferies maintained First Horizon National Corporation (NYSE: FHN ) rating on Monday, July 17. The stock ended last trade at $75.55 a share and the price is up more than 0.56% so far this year. The company was maintained on Tuesday, August 1 by Keefe Bruyette & Woods. The firm has "Strong Buy" rating by Raymond James given on Wednesday, November 8.
  • Amazon.com (AMZN) PT Raised to $1330.00

    Economy

    The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Shikiar Asset Management Inc. now owns 13,016 shares of the e-commerce giant's stock valued at $10,898,000 after buying an additional 231 shares during the period.
  • Merck KGaA (MRK) PT Set at €115.00 by Sanford C. Bernstein

    Economy

    Florida-based Raymond James & Associates has invested 0.01% in NOW Inc. (NYSE:MRK) for 4,554 shares. Seabridge Invest Advsr invested in 250 shares or 0% of the stock. equinet set a €112.00 ($133.33) target price on shares of Merck KGaA and gave the stock a "buy" rating in a report on Thursday, August 31st. "Stock's Decline Is a Reason to Get In Now" published on November 20, 2017, Seekingalpha.com published: "It's A Good Time To Buy Merck" on November 29, 2017.
  • Were Analysts Bearish UnitedHealth Group Incorporated (NYSE:UNH) This Week?

    Economy

    About 3.33 million shares traded or 9.70% up from the average. Receive News & Ratings for UnitedHealth Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.
  • Inc. Boosts Stake in NextEra Energy Partners, LP (NYSE:NEP)

    Economy

    Therefore 68% are positive. Spectra Energy Partners LP had 39 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Time Warner Inc. Kingfisher reported 3,258 shares. Camelot Portfolios Llc holds 2.78% of its portfolio in Kayne Anderson Energy Total Return Fund, Inc. for 504,987 shares.
  • 'Natural tremor near N.Korea nuclear test site'

    Economy

    A North Korean affairs analyst Joseph Bermudez was cited as saying that the "exact nature of the fitting-out work that will be undertaken on the test stand barge is unclear, as is the date when it will be completed and can be placed into service".
  • Disqualification Leads To Rosenqvist Win In Second Hong Kong Formula E Race

    Disqualification Leads To Rosenqvist Win In Second Hong Kong Formula E Race

    Economy

    Rosenqvist thus claims his second Formula E win, completing an unusual race for the Mahindra driver after he spun out of the lead at the first corner at the start of the race and recovered to second. His promotion to P2 after Abt's disqualification does however mean he has matched its best-ever result in just two appearances. The German was followed across the line by Rosenqvist, who produced a stunning fightback through the field to finish just five seconds shy of the race victor, having ...
  • Earnings Analysis Of Preferred Apartment Communities, Inc. (APTS)

    Economy

    Amalgamated Bank decreased Mid ( MAA ) stake by 29.08% reported in 2017Q2 SEC filing. After $0.38 actual earnings per share reported by Preferred Apartment Communities, Inc . Goldman Sachs Group Inc accumulated 33,535 shares. Fifth Third Bancorp holds 0% or 429 shares in its portfolio. Invesco Limited stated it has 666,007 shares.
  • VP (VP) Earns "Add" Rating from Peel Hunt

    Economy

    Numis Securities reaffirmed a "buy" rating and issued a GBX 1,130 ($15.13) price objective on shares of RPC Group in a report on Wednesday, July 19th. If you are reading this piece of content on another website, it was stolen and reposted in violation of USA & worldwide trademark & copyright legislation.