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Economy

Import tax on video cameras goes up from 10% to 15%. Anwar Shirpurwala, Executive Director of MAIT, the IT hardware industry body, said the move was aimed at boosting domestic manufacturing and not at making products costlier. In 2017, India's handsets market is set to touch 280 million units.The Indian Cellular Association (ICA) estimates that some Rs 30,000 crore worth of handsets are being imported this year, compared to Rs 1.25 lakh crore worth of phones produced locally.
  • Technical Snapshots for Investors: AK Steel Holding Corporation (NYSE: AKS)

    Technical Snapshots for Investors: AK Steel Holding Corporation (NYSE: AKS)

    Economy

    At the moment, the stock is trading for about -53.19% less than its 52-week high. When it comes to net revenue, the average estimate from a total of 8 analysts is 1.44 billion - compared to $1.42 billion posted in the year-ago period. This works out to a net decrease in ownership of 24.24 million shares, and suggests that institutions are feeling bearish about the stock. The stock increased 1.94% or $0.72 during the last trading session, reaching $37.86.
  • European Union reignites dispute over refugee quotas ahead of Brussels summit

    European Union reignites dispute over refugee quotas ahead of Brussels summit

    Economy

    Speaking from a summit of European leaders in Brussels where he hopes to secure the support of Berlin and Brussels in curbing a newly burgeoning migration crisis, Prime Minister Alexis Tsipras on Friday described as "unacceptable" calls by European Council President Donald Tusk for obligatory refugee quotas to be abolished.
  • PBS Suspends 'Tavis Smiley' Show After Host Is Accused Of Misconduct

    PBS Suspends 'Tavis Smiley' Show After Host Is Accused Of Misconduct

    Economy

    This investigation included interviews with witnesses as well as with Mr. Smiley . PBS said the firm uncovered "multiple, credible allegations of conduct that is inconsistent with the values and standards of PBS ". PBS is the distributor for Smiley's show, but it's produced by TS Media , Smiley's production company. Smiley contracted with NPR to host The Tavis Smiley Show from 2002 to 2004.
  • EPS for MGIC Investment Corporation (MTG) Expected At $0.28

    Economy

    The current trading volume of 2.56 sits 7.03% lower than the past 3 month's readings, indicating near-term traders have been less active toward MTG than usual of late. The firm has "Market Perform" rating given on Monday, April 3 by Wells Fargo. The firm has "Hold" rating by Deutsche Bank given on Friday, November 3.
  • SIRI Makes Notable Cross Below Critical Moving Average

    Economy

    RBC Capital Markets maintained it with "Sector Perform" rating and $4.25 target in Wednesday, February 3 report. Looking further out we can see that the stock has moved 27.87% over the year to date. Piper Jaffray has "Hold" rating and $67.0 target. As per Monday, December 14, the company rating was initiated by JP Morgan. (NASDAQ: SIRI ) on Wednesday, April 19 to "Underweight" rating.
  • Anadarko Petroleum Corporation (APC) Shares Sold by Cornerstone Capital Management Holdings LLC

    Economy

    The stock decreased 1.18% or $0.57 during the last trading session, reaching $47.69. About 5.29 million shares traded. Tdam Usa has 0.25% invested in Anadarko Petroleum Corporation (NYSE:APC). Nokota Management Lp, which manages about $1.60 billion and $3.53 billion US Long portfolio, upped its stake in Valvoline Inc by 1.33 million shares to 2.33M shares, valued at $55.20 million in 2017Q2, according to the filing.
  • FedEx Corporation (FDX) Insider Trading: JACKSON SHIRLEY A sold 3730 Shares

    Economy

    Spf Beheer Bv who had been investing in Fedex Corp for a number of months, seems to be bullish on the $64.43B market cap company. The stock increased 0.56% or $0.1 during the last trading session, reaching $17.85. The firm earned "Overweight" rating on Tuesday, December 13 by JP Morgan. As per Wednesday, May 4, the company rating was upgraded by Barclays Capital.
  • Delta Sees $15 Billion Engine-Repair Bonanza in Airbus Jet Deal

    Delta Sees $15 Billion Engine-Repair Bonanza in Airbus Jet Deal

    Economy

    It is probably not a coincidence that Delta made today's announcement to purchase the A321neos from Airbus just days after Canada backed out of a deal with Boeing to buy F/A-18 Super Hornets. This latest order follows Delta's selection of GTF-powered Bombardier C Series aircraft in April 2016. "Delta remains a valued customer, and we'll continue exploring ways to best meet their needs in the future", a Boeing spokesman said.
  • (VLO) Holdings Reduced by Cadence Capital Management LLC

    Economy

    The S&P 500 rose 0.2 per cent to 2,668 in morning trading in NY, led by a 0.6 per cent gain for industrial stocks and a 0.5 per cent rise for the healthcare sector. Shares of AON have sank -4.7% in the past three monthswhile the S&P 500 has dropped -10.4% in that time. Oppenheimer And reported 0.08% stake. Kansas-based Kornitzer Capital Ks has invested 0.17% in Universal Display Corporation (NASDAQ:OLED).
  • Brokers Recommendations on: Turquoise Hill Resources Ltd. (TRQ)

    Economy

    The S&P 500 index slipped 0.1 percent to 2,662.85 after closing at all-time highs earlier in the week. The stock remained 1.43% unpredictable for the week and 1.97% for the month. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Beta element is utilized to gauge the unpredictability of the stock.
  • State Street Corp Sells 3191479 Shares of Bill Barrett Co. (BBG)

    Economy

    Voya Inv Mgmt Lc holds 0% or 92,724 shares in its portfolio. National Asset Management Inc. increased its holdings in shares of Bill Barrett by 4.9% during the 2nd quarter. The firm has "Buy" rating by Deutsche Bank given on Wednesday, December 9. BMO Capital Markets has "Market Perform" rating and $4.0 target. Analysts await Bill Barrett Corporation (NYSE: BBG ) to report earnings on March, 1.
  • What's Propelling Snyder's-Lance, Inc. (LNCE) to Increase So Much?

    Economy

    Brown Brothers Harriman And Company has invested 0% in Snyder's-Lance, Inc. Jpmorgan Chase invested in 0% or 382,417 shares. Bnp Paribas Arbitrage invested 0% in Snyder's-Lance, Inc. The business's quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts expect that Snyder's-Lance Inc will post 1.15 earnings per share for the current fiscal year.
  • Most Active Stock: Bank of America Corporation (NYSE:BAC)

    Economy

    Bank Amer Corp now has $302.91 billion valuation. The Average Volume of the company is 68.12 Million, while the Volume of the company in the last trading session was 78.46 Billion. Citigroup maintained Netflix, Inc. The stock of Teekay LNG Partners L.P. (NYSE:TGP) has "Hold" rating given on Thursday, August 6 by Zacks. Canaccord Genuity has "Buy" rating and $17500 target.
  • Fresh MDR bait to push debit cards

    Fresh MDR bait to push debit cards

    Economy

    Merchant Discount Rate ( MDR ) is the commission that the bank takes from shopkeeper on every transaction. Citing this, many people make cash payments in spite of having debit cards. "Going by this trend, we expect that by the end of the financial year, we will see debit card transactions amounting to over ₹4.37 lakh crore". The Narendra Modi Government on Friday approved a proposal to do away with bank transaction charges over digital payments of up to Rs 2000.
  • Active Volume to Know Rite Aid Corporation (RAD) changed 14106342 shares

    Economy

    Colgate Palmolive now has $64.31 billion valuation. The stock increased 0.84% or $0.6 during the last trading session, reaching $72.32. 73,872 shares were sold by HICKEY DENNIS J, worth $5.30M on Thursday, August 3. Rite Aid Corporation (NYSE: RAD ) has experienced an average volume of 27107376. Massachusetts-based Baldwin Brothers Incorporated Ma has invested 0% in Rite Aid Corporation (NYSE: RAD ).
  • Incyte (NASDAQ:INCY) Given "Buy" Rating at Cowen

    Economy

    About 981,592 shares traded. Aon plc (NYSE:AON) has risen 21.47% since December 15, 2016 and is uptrending. It has outperformed by 11.26% the S&P500. Granite Point Capital Management L.P. Baird with "Hold". Cowen & Co maintained Becton, Dickinson and Company (NYSE:BDX) on Monday, July 10 with "Buy" rating. JP Morgan maintained the stock with "Overweight" rating in Thursday, September 3 report.
  • The Tide Is Turning: Fashion Icon Michael Kors Goes Fur

    The Tide Is Turning: Fashion Icon Michael Kors Goes Fur

    Economy

    Michael Kors's revenue was up 5.4% compared to the same quarter a year ago. First Allied Advisory Services Inc. now owns 6,752 shares of the lifestyle brand's stock valued at $251,000 after acquiring an additional 337 shares during the last quarter.
  • National Labor Relations Board votes to limit joint-employer liability

    National Labor Relations Board votes to limit joint-employer liability

    Economy

    The standard applied to hotel chains, construction companies and many other service-industry corporations. But in doing so, the NLRB erased the two-year old joint-employer test that allowed for two employers to be deemed joint employers despite having only "reserved" or "indirect" control over the same workers.