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Finance

Sources familiar with the matter revealed that with MOBI the carmakers hope to create a number of standards that will enable secure payments for the myriad operations in the autonomous vehicle hailing & ridesharing sector. Unlike private type blockchain systems and existing proofs-of-concept in the sector, the MOBI distinguishes itself as a broad representation of the sector as well as participation from groups backing both private and public blockchain systems.
  • Turkey's annual inflation hits 10.85 in April, surpass expectations

    Turkey's annual inflation hits 10.85 in April, surpass expectations

    Finance

    Despite the worse-than-expected monthly data, Turkey's central bank may sidestep a rate rise in favor of other measures at its next rate meeting, according to Aktif Yatirim Bankasi chief economist Ozlem Yetkin, whose 10.8 percent estimate for annual inflation was the most accurate in the survey.
  • Kimberly-Clark (KMB) Position Decreased by Dowling & Yahnke LLC

    Finance

    The company had a trading volume of 522,147 shares, compared to its average volume of 2,565,287. Needelman Asset Management invested 2.28% of its portfolio in Kimberly-Clark Corporation (NYSE: KMB ). Cowen & Co maintained Union Pacific Corporation (NYSE:UNP) on Thursday, October 22 with "Outperform" rating. The firm earned "Neutral" rating on Monday, December 7 by Wedbush.
  • Security National Bank Lowers Stake in Celgene (NASDAQ:CELG)

    Security National Bank Lowers Stake in Celgene (NASDAQ:CELG)

    Finance

    It has underperformed by 42.83% the S&P500. ( CELG ) by 49.76% based on its latest 2017Q4 regulatory filing with the SEC. Institutional investors and hedge funds own 78.42% of the company's stock. Celgene has a consensus rating of "Buy" and a consensus target price of $125.18. Stifel Nicolaus maintained Celgene Corporation (NASDAQ: CELG ) rating on Thursday, July 6.
  • Berkshire Hathaway drops IBM

    Berkshire Hathaway drops IBM

    Finance

    According to the letter, the value of the share is guessed to be around $170.5 billion in the previous year. The announcement, divulged during a Thursday night interview , came ahead of Saturday's annual shareholder meeting in Omaha, dubbed the "Woodstock of Capitalism".
  • Tesla chief Elon Musk goes on defensive after bad-tempered conference call

    Tesla chief Elon Musk goes on defensive after bad-tempered conference call

    Finance

    Shares in Tesla , which is based in Palo Alto, California, fell more than 4 percent in after-hours trading after the earnings report . Many analysts believe Tesla will turn to Wall Street for more cash because it burned through so much trying to make the Model 3, which is supposed to be its first mass-market electric auto.
  • Guggenheim Capital LLC Sold 16273 Shares of Express Scripts Holding (NASDAQ:ESRX)

    Finance

    The hedge fund run by Eric Bannasch held 1.62M shares of the technology company at the end of 2017Q4, valued at $112.23 million, up from 1.46M at the end of the previous reported quarter. Kentucky Retirement Systems stated it has 34,927 shares or 0.19% of all its holdings. Aperio Ltd Limited Liability Company invested in 0.2% or 510,281 shares.
  • Analysts See $0.08 EPS for Cypress Energy Partners, LP (CELP)

    Finance

    Moreover, Fifth Third Fincl Bank has 0% invested in Antero Midstream Partners LP (NYSE:AM) for 1,322 shares. AM is reaching $26.06 during the last trading session, after decreased 1.36%.Currently Antero Midstream Partners LP is downtrending after 24.27% change in last May 3, 2017.
  • HSBC Reaffirms "Purchase" Rating for Prudential (LON:PRU)

    Finance

    Fenimore Asset Management Inc who had been investing in Us Ecology Inc. for a number of months, seems to be bullish on the $1.21B market cap company. Wells Fargo & Company MN now owns 2,023,516 shares of the financial services provider's stock valued at $209,536,000 after purchasing an additional 251,240 shares during the last quarter.
  • Were The

    Were The "Starbucks Brothers" Short Changed With Settlement Agreement?

    Finance

    Many have praised the men for their selfless act in the city settlement, citing their decision to give back to the community. Two black men arrested for sitting at a Philadelphia Starbucks without ordering anything have settled with the city for a symbolic $1 each and a promise from officials to set up a $200,000 program for young entrepreneurs.
  • Rankin named in Ireland squad for inaugural Test

    Rankin named in Ireland squad for inaugural Test

    Finance

    Ireland and Afghanistan were granted Test statues by the ICC in June previous year with Afghanistan set to make their inaugural appearance in the longest format against India in Bengaluru from June 14. The final playing eleven will be named on the morning of the Test match. William Porterfield will be leading the team out on the momentous day, and he will have for company numerous men who have been a major part of Ireland's rise up the worldwide ranks: Paul Stirling, Ed Joyce, the O'Brien ...
  • Southwest plane with cracked window diverted to Cleveland

    Finance

    One passenger later died of injuries she suffered when the window next to her was blown out; eight others suffered minor injuries. According to the report, the NTSB says a fan blade broke off, sparking a chain reaction that left the engine cover, left wing, and fuselage with major damage, forcing the plane to make an emergency landing at Philadelphia International Airport.
  • Oil steady as U.S. decision on Iran sanctions looms

    Oil steady as U.S. decision on Iran sanctions looms

    Finance

    Markets will remain skittish as the May 12 deadline to rectify the deal approaches, ANZ Research said in note. "Overall, we continue to trade a waiting game for the USA decision on Iran , waiting to have sanction headlines trigger some frenzied buying", said Olivier Jakob, managing director of energy consultancy PetroMatrix.
  • Game Purchases Boosts Q1 Results For Activision Blizzard, Inc. (NASDAQ:ATVI)

    Game Purchases Boosts Q1 Results For Activision Blizzard, Inc. (NASDAQ:ATVI)

    Finance

    Investors sentiment decreased to 1.18 in 2017 Q4. It has change of 0.20, from 2017Q3's 1.38. A number of other institutional investors also recently modified their holdings of ATVI . On Friday, December 11 the stock rating was upgraded by Credit Suisse to "Outperform". Kentucky Retirement System has 0.21% invested in Activision Blizzard, Inc .
  • Norwegian Air rejects two separate approaches from IAG

    Norwegian Air rejects two separate approaches from IAG

    Finance

    IAG's share price had opened at 2.9 per cent in early trading but climbed to 3.6 per cent after the announcement. "These proposals were reviewed in conjunction with financial and legal advisers, and were unanimously rejected on the basis that they undervalued NAS and its prospects", Norwegian said in a statement .
  • Alibaba Group (BABA) Shares Bought by Johanson Financial Advisors Inc

    Alibaba Group (BABA) Shares Bought by Johanson Financial Advisors Inc

    Finance

    Lenox Wealth Management Inc who had been investing in Taiwan Semiconductor Manufacturing Co Ltd for a number of months, seems to be bullish on the $195.35 billion market cap company. Media headlines about Alibaba Group (NYSE: BABA ) have trended positive on Thursday, Accern Sentiment reports. Stifel Nicolaus reiterated a "buy" rating and set a $230.00 price target (up from $210.00) on shares of Alibaba Group in a report on Sunday, January 28th.
  • GSTN to be made a government body: GST Council

    GSTN to be made a government body: GST Council

    Finance

    Addressing the media, Finance Minister Arun Jaitley said, Centre, State to hold 50 per cent each in the GST structure. Considering the nature of "state" function performed by GSTN , the Council felt that GSTN be converted into be a fully-owned government company.
  • Air Canada pilot aborted landing on taxiway

    Air Canada pilot aborted landing on taxiway

    Finance

    There have been other close calls at SFO, due to pilot error, since December 2016. The Federal Aviation Administration detailed other incidents in a separate report. Federal authorities have determined most of the close-calls reported since December 2016 at the busy San Francisco International Airport were caused by pilots.
  • Pilots struggled to land jet after midair engine explosion

    Pilots struggled to land jet after midair engine explosion

    Finance

    The pilot did not declare an emergency, but did request to divert to a close airport. Last week, the carrier said the four airports in Hawaii it plans to fly into are Daniel K. Southwest Airlines is based in Dallas and is the nation's fourth largest airline. The fan blade on the Southwest Airlines 737 engine that failed last month showed signs consistent with metal fatigue, the US NTSB said in an update on its accident investigation.
  • Amtrak service resumes Philly-DC trains after suspension

    Amtrak service resumes Philly-DC trains after suspension

    Finance

    Philadelphia reports a Norfolk Southern freight train derailed under an interstate overpass in Crum Lynne, about 20 miles southwest of Philadelphia. No injuries have been reported . There are four separate tracks in the area and by mid-morning officials were able to resume some Amtrak service on two of them. "The trains aren't running, there was an accident", he told a Daily Times photographer he mistook for another commuter.
  • HSBC's $ 2bn buyback isn't enough to regain investor confidence

    HSBC's $ 2bn buyback isn't enough to regain investor confidence

    Finance

    The global bank, which is listed in London and Hong Kong, reported 6pc growth in revenues to $13.7bn in the three months to March amid higher deposits for its retail banking and wealth management arms. Flint plans to double down on HSBC's "pivot" to Asia and China in particular, despite some setbacks in the plan launched in June 2015. Overall the group saw lending growth of US$17bn in the first quarter, increasing net loans and advances to customers by 2% in the quarter, while it ...
  • NZ dollar falls to 4-month low

    NZ dollar falls to 4-month low

    Finance

    The statement said the economy has been growing at a moderate rate. The FOMC's two-day meeting followed the release of data Monday that showed inflation measured by the central bank's preferred gauge had hit its 2 per cent target after being below that goal for nearly every month since April 2012.