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Finance

Morningstar, Inc. reissued a "neutral" rating on shares of Wal-Mart Stores in a research report on Wednesday, August 2nd. Nexus Investment Mngmt Incorporated has 211,075 shares. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.07 by $0.01. The stock rose 0.49% or $0.39 reaching $80.46.
  • US Government Bonds Edge Higher Ahead of Fed Announcement

    Finance

    The equities bull run paused Tuesday as investors turned their attention to the Fed's interest rate decision. In the opening minutes, the Dow Jones rose 4.96 points or 0.02% to 22,375.76, while the wider S&P 500 index gained 1.92 points or 0.08% to 2,508.57.
  • OECD revises up Japan's 2018 growth forecast to 1.2 percent

    OECD revises up Japan's 2018 growth forecast to 1.2 percent

    Finance

    Emerging markets are key for overall global growth - strong future growth depends on deeper reforms. The global economy is forecast to grow 3.5 percent this year and 3.7 percent in 2018, with industrial production and trade picking up and further acceleration in the rebound of technology spending.
  • Uber Faces Widespread Asia Bribery Allegations Amid US Criminal Probe

    Uber Faces Widespread Asia Bribery Allegations Amid US Criminal Probe

    Finance

    Uber hired law firm O'Melveny & Myers LLP to investigate how it obtained the medical records of an Indian woman who was raped by an Uber driver in 2014, Reuters reported in June. MaGIC said "we strongly refute involvement in any quid-pro-quo arrangements". Police officers said the space was outside city zoning for businesses, so an employee chose to dole out multiple, small payments to police in order to continue operating there, the people said.
  • Gold futures fall as market awaits results of Fed meeting

    Gold futures fall as market awaits results of Fed meeting

    Finance

    Crude oil futures are rising $0.41 to $50.32 a barrel after inching up $0.02 to $49.91 a barrel on Monday. Looking ahead the EUR USD exchange rate may advance tomorrow with the release of Germany's latest confidence figures, with the nation's economic sentiment index forecast to have climbed from 10 to 12.5 this month.
  • Toyota launches new GR sports vehicle brand

    Toyota launches new GR sports vehicle brand

    Finance

    The top performance category is GRMN (Gazoo Racing Masters of Nürburgring). In the middle, there's the GR range. Sitting below the GRMN range is the mid-range "GR" and the entry-level "GR Sport". Our favorite is the Vitz GRMN, packing the supercharged 1.8-liter gasoline engine good for 209 horsepower (156 kilowatts) and 184 pound-feet (250 Newton-meters).
  • Pound Mixed Ahead Of UK Retail Sales Data

    Pound Mixed Ahead Of UK Retail Sales Data

    Finance

    The quantity of goods sold in stores and online increased 1% from July, as did sales excluding auto fuel, the Office for National Statistics said Wednesday. Economists had forecast a 1.2% increase. BoE policymakers expect moderate third-quarter retail sales growth as consumer demand shows signs of improving after weakness earlier in the year, though they said it was too soon to tell if it would compensate for weak business investment.
  • Apple Inc. (AAPL) Upgraded by Piper Jaffray Companies to "Overweight"

    Finance

    Apple Inc. (NASDAQ: AAPL ) has risen 62.48% since September 19, 2016 and is uptrending. It has outperformed by 60.49% the S&P500. Epoch Investment Partners Inc acquired 1.77M shares as Apple Inc ( AAPL)'s stock rose 12.78%. Zacks Investment Mgmt reported 210,512 shares. The Connecticut-based Chilton Inv Limited Liability Company has invested 0.01% in Apple Inc. (NASDAQ: AAPL ) earned "Buy" rating by UBS on Wednesday, May 31.
  • Toshiba picks Bain, SK hynix, Apple group to sell its memory unit

    Toshiba picks Bain, SK hynix, Apple group to sell its memory unit

    Finance

    The iPhone maker played a crucial role in swinging momentum in the auction to the Bain offer and plans to contribute capital, said the people. Toshiba board members are to meet Wednesday, but it was unclear whether they could reach any decision, after saying last Wednesday the company was accelerating talks with the Hynix group.
  • Tata Steel takes first step towards German Thyssenkrupp merger

    Tata Steel takes first step towards German Thyssenkrupp merger

    Finance

    Tata Steel cleared a hurdle for the venture after a United Kingdom regulator approved a deal to solve a long-running pension standoff, which Thyssenkrupp CEO Hiesinger had said was potentially a major stumbling block to the combination. Roy Rickhuss, general secretary of Community and chairman of the co-ordinating committee representing the Unite, GMB and Community unions, said: "The steel trade unions cautiously welcome this news and recognise the industrial logic of such a partnership".
  • Harris Supports Cassidy-Graham Health Care Bill

    Harris Supports Cassidy-Graham Health Care Bill

    Finance

    Despite the renewed effort, it will be a steep uphill climb for Republicans. Speaking on Fox News, Senator Sullivan explained that Graham-Cassidy would allow each state to individually decide how they would fund health care for their residents.
  • Insiders Selling, Short Interest Growing Nike, Inc. (NYSE:NKE)

    Insiders Selling, Short Interest Growing Nike, Inc. (NYSE:NKE)

    Finance

    In other news, insider Trevor A. Edwards sold 200,000 shares of Nike stock in a transaction that occurred on Wednesday, July 5th. Apg Asset Mgmt Nv holds 2.73M shares or 0.25% of its portfolio. It also reduced Noble Energy (NYSE:NBL) stake by 13,124 shares and now owns 8,222 shares. Schwartz Invest Counsel, Michigan-based fund reported 3,530 shares.
  • The dollar rose before the Federal Reserve meeting

    Finance

    While not expected to lift interest rates, remarks from the bank and its boss Janet Yellen will be pored over for clues about future moves and its plans to wind down its vast stimulus programme put in place during the financial crisis. On Wall Street , the futures for the Dow Jones industrial average and for the Standard & Poor's 500 were up 0.2 percent. All three major USA stock indexes hit record closing highs, with financial shares providing the biggest boost.
  • Materials Higher Ahead of Fed Meeting -- Materials Roundup

    Materials Higher Ahead of Fed Meeting -- Materials Roundup

    Finance

    Federal Reserve on when it will hike interest rates again and start shrinking its balance sheet. The Fed is widely expected to keep rates steady on Wednesday but announce that it will begin paring its bond holdings, with reductions likely to start in the coming months.
  • Smith Salley & Associates Sells 18433 Shares of Walt Disney Company (The) (DIS)

    Finance

    It has underperformed by 7.44% the S&P500. The institutional investor owned 33,851 shares of the entertainment giant's stock after purchasing an additional 1,198 shares during the quarter. The stock has "Buy" rating by Sterne Agee CRT on Thursday, August 20. The company was downgraded on Wednesday, July 20 by Stifel Nicolaus. Bernstein has "Market Perform" rating and $114 target.
  • Trudeau again threatens to scrap purchase of Boeing jets over Bombardier case

    Trudeau again threatens to scrap purchase of Boeing jets over Bombardier case

    Finance

    Mr Trudeau's comments will bolster Mrs May's hopes to use Ceta as a model for a new bilateral arrangement between Britain and Canada to be introduced "swiftly" after Brexit . Bombardier is the largest manufacturing employer there - and the PM is understood to have been pressed to take action by Democratic Unionist Party leader Arlene Foster, whose 10 MPs are propping up Mrs May's minority government.
  • Bed Bath & Beyond Inc. (BBBY) Updates FY18 Earnings Guidance

    Bed Bath & Beyond Inc. (BBBY) Updates FY18 Earnings Guidance

    Finance

    Fnb Corp now has $4.25 billion valuation. Looking out over the past year, company shares have been recorded -44.93% off the 52 week high and -0.25% away from the low over the same period. (NYSE:GNW) plummeted -0.25% to $3.99. For the quarter ending Feb-17, 21 analysts have a mean sales target of 3,501.07 million whilst for the year ending Feb-17, 25 analysts have a mean target of 12,181.20 million.