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Economy

Whether Uber can in fact get its 40,000 London drivers to make the switch to electric cars within eight years, or hybrids as a bridge vehicle within two, could prove an interesting test of how hard or easy those transitions will be. However, with numerous company's drivers already using a variety of hybrid models such as the Toyota Prius , most will already meet the future criteria.
  • Price gouging complaints: Food, water, airlines

    Price gouging complaints: Food, water, airlines

    Economy

    She said later that she had spoken with representatives from the company, who told her they would pressure individual store owners to keep prices reasonable. Florida's law applies to businesses in the state, and some of the vendors with higher prices for water on Amazon are located outside of it. Many of these shortages, fights, and other possibly unsavory transactions could have been avoided were the price system allowed to do its job.
  • Equifax compromised 143 million people's Social Security numbers and other data

    Equifax compromised 143 million people's Social Security numbers and other data

    Economy

    The oldest of the three major U.S. credit bureaus, it maintains information on over 800 million people for credit and insurance reports, which is also a juicy target for anyone trying to steal data. Equifax's core consumer and commercial credit reporting databases are believed to be unaffected. The information came mostly from U.S. residents, but a percentage also involved United Kingdom and Canadian citizens and the company is working with authorities from these countries.
  • Navistar International Corporation (NASDAQ:NAV) To Report Earnings

    Navistar International Corporation (NASDAQ:NAV) To Report Earnings

    Economy

    Jefferies Group LLC restated a "buy" rating and set a $35.00 price objective on shares of Navistar International Corporation in a research report on Friday, June 9th. The insider now holds 221,361 shares of Navistar International Corporation ( NAV ). State Street Corp now owns 1,012,715 shares of the company's stock valued at $26,565,000 after buying an additional 25,176 shares during the period.
  • The Walt Disney Company (NYSE:DIS)

    The Walt Disney Company (NYSE:DIS)

    Economy

    Click to Enlarge The result pushes shares down to November 2016 levels as prices move in on the 200-week moving average, a level not broken since the summer of 2011. California-based Jacobs & Ca has invested 1.93% in Walt Disney Co (NYSE: DIS ). The stock closing price is now trading upward to its 50 day moving average with change of 1.32%, escalated to its 20 day moving average with figure of 0.17% and above its 200 day moving average with value 10.72%.
  • Toys R Us Debt Could Force Bankruptcy

    Toys R Us Debt Could Force Bankruptcy

    Economy

    A large portion of Toys "R" Us's debt is secured by real estate, which could help the company's refinancing prospects, according to Fitch . The spokesperson added that executives will provide more information on these activities during the retailer's second quarter conference call on September 26.
  • Nestle buys USA plant-based food firm Sweet Earth

    Nestle buys USA plant-based food firm Sweet Earth

    Economy

    Nestle and its processed food peers are battling slowing sales growth as consumer tastes and habits change, favouring smaller brands seen as healthier or more artisanal. Sweet Earth products feature plant-based proteins like seitan, tofu and legumes, and span three core platforms: entrees, breakfast and plant-based proteins, called Righteous Meats.
  • Pfizer Inc. (NYSE:PFE) Stake Lowered by Physicians Financial Services Inc

    Economy

    Discover Finl Svcs now has $21.51 billion valuation. About 5.94 million shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since September 7, 2016 and is uptrending. The stock has "Buy" rating by Piper Jaffray on Wednesday, August 2. (NYSE: PFE ) on Tuesday, November 29 to "Overweight" rating. The stock of Pfizer Inc .
  • GoPro expects to post adjusted profit in third-quarter

    GoPro expects to post adjusted profit in third-quarter

    Economy

    The company's body-mounted point-of-view cameras have a huge following among action junkies such as surfers and skydivers, but sales have taken a beating in recent quarters after a series of missteps including production issues and delays. However, GoPro said it expects to post a third-quarter loss on a GAAP basis, or before excluding one-time or special items. However, it says that earnings per share for the quarter won't be profitable on a GAAP basis.
  • Kinross Gold Corporation (NYSE:KGC) Traded Over Its 50 Day Average

    Economy

    FMR LLC grew its holdings in Kinross Gold Corporation by 18.7% during the first quarter. As of the end of the quarter Vanguard Group Inc had disposed of 12,993 shares trimming its position 4.1%. The business had revenue of $868.60 million for the quarter, compared to analyst estimates of $825.02 million. Capstone Asset Management Co. lifted its stake in Kinross Gold Corporation by 3.1% in the first quarter.
  • Draghi urges patience on ECB's ultra-easy monetary policy

    Draghi urges patience on ECB's ultra-easy monetary policy

    Economy

    Along with ultra-low interest rates and cheap loans to banks, the ECB's 60-billion-euro ($71.5-billion) of bond purchases per month are created to encourage growth in the euro area and pushing inflation toward the central bank's own target of just below 2.0 percent.
  • Putin Says Sanctions, Pressure Alone Won't Resolve NKorean Crisis

    Putin Says Sanctions, Pressure Alone Won't Resolve NKorean Crisis

    Economy

    North Korea's underground blast had a yield of up to 100 kilotons. U.S. Ambassador Nikki Haley told an emergency Security Council meeting called in response to North Korea's Sunday nuclear test that the U.S. Both leaders "condemned North Korea's continued reckless and risky behavior" and reaffirmed the importance of close coordination at the United Nations.
  • FY2017 EPS Estimates for Exxon Mobil Co. (XOM) Cut by Analyst

    Economy

    The stock rose 0.10% or $0.08 reaching $78.86 per share. About 120 shares traded. Among 15 analysts covering Aflac Incorporated ( NYSE:AFL ), 1 have Buy rating, 2 Sell and 12 Hold. Stock of Delta Air Lines, Inc. The stock of Exxon Mobil Corporation (NYSE: XOM ) earned "Sell" rating by Tudor Pickering on Tuesday, January 26. A statistical measure of the dispersion of returns (volatility) for XOM producing salvation in Investors mouth, it has week volatility of 0.98% and for the month ...
  • The Procter & Gamble Company (PG), Noble Energy, Inc. (NBL)

    Economy

    Shares of Procter & Gamble Company ( NYSE PG ) opened at 92.72 on Thursday. The Amf Pensionsforsakring Ab holds 2.03 million shares with $170.97 million value, up from 1.94M last quarter. Marathon Petroleum Corp (NYSE:MPC) was reduced too. Investors sentiment increased to 0.94 in 2016 Q4. It is positive, as 89 investors sold PG shares while 777 reduced holdings.
  • Analysts See $2.16 EPS for Constellation Brands, Inc. (STZ)

    Economy

    Welch Group LLC's holdings in Constellation Brands were worth $171,000 as of its most recent SEC filing. North Star Investment Management Corp. boosted its holdings in shares of Constellation Brands by 11.6% during the second quarter. (NYSE:STZ). Janney Montgomery Scott Ltd Liability Com holds 0.05% of its portfolio in Constellation Brands, Inc. Regions Financial Corporation reported 2,272 shares or 0% of all its holdings.
  • Nirmala Sitharaman sanctions 13 crore for ex-servicemen on day one of office

    Nirmala Sitharaman sanctions 13 crore for ex-servicemen on day one of office

    Economy

    Ms Nirmala Sitharaman , who was appointed as the country's first full-fledged woman Defence Minister in Sunday's cabinet reshuffle , today assumed charge of office at the south block here. Sitharaman is only the second woman after late Indira Gandhi to become the Defence Minister of India , and the first one to take independent charge.
  • IBM strikes AI deal with MIT

    IBM strikes AI deal with MIT

    Economy

    The company said Thursday its 10-year investment in the MIT-IBM Watson AI Lab will aid research efforts of scientists from both institutions. The lab will be co-chaired by Dario Gil, vice-president of science and solutions at IBM Research, and Anantha Chandrakasan, dean of MIT's School of Engineering.
  • The Coca-Cola Company (The) (KO) Receives Average Rating of

    The Coca-Cola Company (The) (KO) Receives Average Rating of "Hold" from Brokerages

    Economy

    On Thursday, April 21 the stock rating was maintained by Goldman Sachs with "Neutral". The firm has "Hold" rating given on Friday, August 28 by HSBC. Hendershot invested in 4,711 shares. The Minnesota-based Thrivent For Lutherans has invested 0.16% in The Coca-Cola Co (NYSE:KO). Capital World Investors now owns 142,047,166 shares of the company's stock valued at $6,370,815,000 after acquiring an additional 11,593,679 shares during the last quarter.
  • US Jobless Claims Jumped as Harvey Hit Gulf Coast

    US Jobless Claims Jumped as Harvey Hit Gulf Coast

    Economy

    The report said initial jobless claims jumped to 298,000, an increase of 62,000 from the previous week's unrevised level of 236,000. It was the largest weekly increase since November 2012, when claims soared in the wake of Superstorm Sandy , which devastated the densely populated NY metropolitan area.
  • Retail sales growth slows, trade surplus narrows in mixed July data

    Retail sales growth slows, trade surplus narrows in mixed July data

    Economy

    Yet all this growth has shown no sign of rekindling inflation and, with plenty of spare capacity in the labour market, the Reserve Bank of Australia (RBA) seems content to leave interest rates at record lows for months to come. "Falling prices for key export commodities impacted the terms of trade in the June quarter, declining 6.0 per cent". Export earnings fell 2.2 per cent to A$31.07 billion, led by falls in gold, iron ore and coal prices.