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Finance

He will replace ousted CEO Travis Kalanick and faces the hard task of changing Uber's culture that has included sexual harassment and allegations of deceit and corporate espionage. For Uber's second quarter, the company saw a 17 percent increase in gross bookings revenue from the first quarter to $8.7 billion. Should Benchmark prevails in its suit, it could curtail Kalanick's involvement with the company and remove him from the board altogether.
  • Stryker Corporation (SYK) Stake Decreased by Edmp Inc

    Stryker Corporation (SYK) Stake Decreased by Edmp Inc

    Finance

    New Jersey-based Beacon Tru has invested 1.1% in Stryker Corporation (NYSE: SYK ). It has outperformed by 0.72% the S&P500. (SYK) stake by 3.81% reported in 2016Q4 SEC filing. As per Wednesday, April 26, the company rating was maintained by RBC Capital Markets. As per Monday, August 31, the company rating was downgraded by UBS.
  • Harvey halts Gulf of Mexico oil production

    Finance

    U.S. crude prices fell 2 percent on Thursday as Hurricane Harvey, forecast to come ashore as the strongest storm to hit the U.S. mainland in 12 years, threatened oil operations along the energy hub on the U.S. United States oil production hit 9.53m barrels per day (bpd) last week, the highest level since July 2015 and up over 13% from their most recent low in mid-2016.
  • Oil Trims Weekly Drop as Storm Heads for Texas; Gasoline Surges

    Oil Trims Weekly Drop as Storm Heads for Texas; Gasoline Surges

    Finance

    Oil trimmed a fourth weekly decline as traders braced for impact from Hurricane Harvey that moved through the Gulf of Mexico toward a USA refining hub. Almost one-third of the nation's refining capacity sits in low-lying areas along the coast from Corpus Christi, Texas, to Lake Charles, Louisiana. Oil refineries are expected to shut down.
  • Travers Stakes odds and picks from expert with nine straight Derby wins

    Travers Stakes odds and picks from expert with nine straight Derby wins

    Finance

    While Key to the Mint finished in front of that rival in the Preakness , checking in third, a neck better than Riva Ridge, the champ trounced him in the Belmont Stakes by more than a dozen lengths. Each of the American Classic horse races has a history and tradition that is filled with stories of greatness. As the result of the interference, the finishing position of the two horses were reversed and Alydar was awarded the win in the 10th and final meeting of the two foes.
  • Were Analysts Bullish Applied Materials, Inc

    Finance

    The stock had a trading volume of 6,385,750 shares. Travelport Worldwide Ltd (NYSE:TVPT) has risen 5.67% since August 27, 2016 and is uptrending. COPYRIGHT VIOLATION NOTICE: "Applied Materials, Inc". (NASDAQ:AAPL) or 11,949 shares. (NYSE:PEP) shares. $605,735 worth of PepsiCo, Inc. The rating was upgraded by Zacks to "Sell" on Thursday, August 13.
  • QUALCOMM Incorporated (QCOM) Stake Lowered by Envestnet Asset Management Inc

    Finance

    It has underperformed by 7.39% the S&P500. Jeffrey Smith decreased its stake in Depomed Inc (DEPO) by 12.38% based on its latest 2016Q4 regulatory filing with the SEC. Qualcomm Inc. had 99 analyst reports since July 23, 2015 according to SRatingsIntel. Raymond James maintained the shares of QCOM in report on Thursday, July 20 with "Hold" rating.
  • Technical Signals and Charts for Advanced Micro Devices, Inc. (AMD)

    Technical Signals and Charts for Advanced Micro Devices, Inc. (AMD)

    Finance

    Bank New York Mellon Corp (Call) now has $54.40 billion valuation. About 29.73 million shares traded. Thompson Davis & invested in 22,750 shares or 0.43% of the stock. (NASDAQ: AMD ) for 86,960 shares. Susquehanna Interest Llp holds 4.55M shares or 0.03% of its portfolio. Barclays Public Limited Company owns 3,479 shares.
  • Vipshop Holdings Limited Americ (VIPS) Reached a New 52-Week Low

    Finance

    Currently Vipshop Holdings Ltd (NYSE:VIPS)'s shares owned by insiders are 0.78%, whereas shares owned by institutional owners are 73.3%. Sealed Air Corp New now has $8.56B valuation. The company has Beta Value of 2.02 and ATR value of 0.45. Meritage Limited Partnership invested in 16,798 shares. Rbo & Company Ltd Llc reported 1.56% in Dominion Energy Inc (NYSE:D).
  • Eaton Vance Corp (NYSE:EV) Institutional Investors 2016 Q4 Sentiment

    Finance

    Teachers Retirement Systems Of The State Of Kentucky has invested 0.11% in Eaton Corporation, PLC Ordinary Shares (NYSE: ETN ). During the same quarter in the previous year, the firm posted $0.56 earnings per share. Kcm Invest Advsrs Limited Company has 0.08% invested in Eaton Corporation, PLC Ordinary Shares (NYSE: ETN ) for 17,324 shares. Whittier Trust Of Nevada reported 31,623 shares or 0.23% of all its holdings.
  • Airlines cancel flights through Texas as Harvey looms

    Airlines cancel flights through Texas as Harvey looms

    Finance

    As expected, Corpus Christi International Airport has been shut down and is not expected to reopen until Monday, Southwest Airlines told Business Insider. It was unclear when commercial flights might resume there. This caused about 100 delays and 850 cancellations across the country Saturday. Priority operations were given to flights connecting to global connections.Houston is a major hub for flights to Mexico and Latin America.
  • Immelt Drops Out of Contention for Uber CEO Job

    Immelt Drops Out of Contention for Uber CEO Job

    Finance

    The startup , last valued at $68 billion, is now being run by an "executive leadership team" that includes some of Uber's most senior employees, such as chief product officer Jeff Holden and regional general manager for the USA and Canada Rachel Holt.
  • At least one dead as a result of Hurricane Harvey

    At least one dead as a result of Hurricane Harvey

    Finance

    This includes Houston, the fourth-most populous U.S. city. "This is just the beginning". Officials are still anxious about potentially catastrophic rainfall that will continue for days, with more than 40 inches and flash flooding possible even well inland.
  • Bay area volunteers train to help after Harvey

    Bay area volunteers train to help after Harvey

    Finance

    Greg Abbott on Saturday expanded his disaster declaration to 20 additional counties, saying he would activate 1,800 military personnel to help with cleanup efforts. As of 2 pm ET, Harvey was 45 miles west-northwest of Victoria, Texas. Officials say the Category 4 Hurricane has left Texas reeling by "catastrophic" flooding and "widespread devastation".
  • Janet Yellen's Jackson Hole speech more swansong than job audition

    Finance

    Trump has however, said he might reappoint Ms. Yellen when her term as chair expires in February. The current interest rate gauge of 1-1.25 percent, coupled with feeble economic growth is unacceptable, as the president repeatedly emphasized, as it requires greater government participation in the economy and thus is fuelling corruption.
  • The English Premier League Roundup - Week 2

    The English Premier League Roundup - Week 2

    Finance

    Manchester United are now preparing to host Leicester City at Old Trafford on Saturday afternoon as they look to continue their strong start to the new Premier League season. "The biggest challengers? We are our own rivals and we think about ourselves first". They have a great manager but are ultimately a team of good Championship players and I can see a well-established Premier League standard team picking up an away win here.
  • Hurricane Harvey to Create 'Multiday Rainfall Disaster'

    Hurricane Harvey to Create 'Multiday Rainfall Disaster'

    Finance

    The continued presence of the now-tropical storm will keep tides at high levels along the central Texas coast. An estimated 1,100 to 2,000 people died, most as a result of the storm surge. At that time it was a Category 4 hurricane with winds hitting speeds of more than 130 miles per hour. 19 Photos A vehicle sits in standing water after Hurricane Harvey ripped through Rockport, Texas, on Saturday, August 26, 2017 .
  • Fed chief Yellen calls for 'modest' reform changes in potentially final speech

    Fed chief Yellen calls for 'modest' reform changes in potentially final speech

    Finance

    Today, she said, things are much improved and more capable of holding off a similar crisis in the future. "To foster a dynamic global economy we need to resist protectionist urges". "The balance of research suggests that the core reforms we have put in place have substantially boosted resilience without unduly limiting credit availability or economic growth", the Fed chair said at the annual central bank research conference.
  • Wall Street Cheers Tax Reform Talk With Yellen Mum on Monetary Policy

    Finance

    Ms Yellen said the bank was open to changes but they should remain modest. "The Fed chair's speech was mum on monetary policy, which hurt the dollar by keeping uncertainty high about whether the central bank would boost interest rates again this year", said Joe Manimbo, senior market analyst at Western Union Business Solutions.
  • ITV plc 97.4% Potential Upside Indicated by Liberum Capital

    ITV plc 97.4% Potential Upside Indicated by Liberum Capital

    Finance

    Nomura maintained Hunting plc (LON: HTG ) on Tuesday, September 8 with "Neutral" rating. Among 16 analysts covering Victrex PLC ( LON:VCT ), 4 have Buy rating, 1 Sell and 11 Hold. Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.18, from 0.93 in 2016Q3. It fall, as 24 investors sold Hargreaves Lansdown PLC shares while 61 reduced holdings.
  • Oil Ticks Up as Hurricane Approaches Texas

    Finance

    Production platforms are the structures located offshore from which oil and natural gas are produced. The trend of falling crude supplies, however, comes against the backdrop of the rising USA crude output to a more than two-year high. Irving-based oil company Exxon Mobil Corp. said it evacuated all of its workers from offshore facilities in the path of the storm, and it shut in production at its Hoover and Galveston 209 production platforms.