Finance

Tesco Facing Record Equal Pay Claim of $5.6 Billion

Tesco Facing Record Equal Pay Claim of $5.6 Billion The publication of the BBC's highest earners revealed substantial differences between men and women at the top of the organisation, while EasyJet's new male chief executive took a pay cut to match the salary of his female predecessor. Leigh Day said it has been contacted by more than 1,000 former and current Tesco employees and believes thousands more will be affected by the claim. [Full Article...]

Broadcom ups Qualcomm takeover bid to final $121bn offer

Broadcom ups Qualcomm takeover bid to final $121bn offer Broadcom's offer is contingent on the the deal going through. And a combined Broadcom-Qualcomm could jockey with the likes of Intel Corp. and Samsung Electronics Co. Broadcom's antitrust counsel, Daniel Wall of Latham & Watkins LLP, said in a filing with the U.S. Securities and Exchange Commission that Broadcom was willing to sell two Qualcomm businesses to resolve any antitrust problems. [Full Article...]

Exxonmobil Investment Management Inc. TX Decreases Position in Marathon Oil Co. (MRO)

About 5.04M shares traded or 31.45% up from the average. Marathon Petroleum Corporation (NYSE:MPC)'s trailing 12- months EPS is 3.20. It has outperformed by 29.50% the S&P500. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shares of GS have uptrended 0.9% in the past three months, while the S&P 500 has moved -0.31% in that time. [Full Article...]

Viavi Solutions (VIAV) Releases Quarterly Earnings Results

This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. According to these analysts, the Low Revenue Estimate for Viavi Solutions Inc .is 180 Million and the High Revenue Estimate is 202.7 Million. Viavi Solutions Cmn (NASDAQ: VIAV ) has grabbed attention from... [Full Article...]

Owner of Los Angeles Times to sell the paper

Owner of Los Angeles Times to sell the paper The Times called the purchase of both newspapers a almost $500 million deal. The buyer is Patrick Soon-Shiong, a Los Angeles-area physician and a major shareholder in Tronc , according to the report. On Jan. 19, Times Publisher and Chief Executive Ross Levinsohn was placed on leave following allegations of sexual harassment in the past. A new editor, Jim Kirk, was named in late January foll... [Full Article...]

Lucas Capital Management Acquires 2885 Shares of Hess Midstream Partners LP (HESM)

Lucas Capital Management Acquires 2885 Shares of Hess Midstream Partners LP (HESM) The stock increased 4.48% or $1.34 during the last trading session, reaching $31.27. About 151,762 shares traded. Let's take a quick look at how the price of Magellan Midstream Partners, L.P. Therefore 89% are positive. Antero Resources Midstream Management LL AMGP had 16 analyst reports since May 23, 2017 according to SRatingsIntel. ILLEGAL ACTIVITY WARNING: "Antero Midstream GP (NYSE:AMGP) E... [Full Article...]

Dow plunges more than 1000 points Monday after major drop last week

Dow plunges more than 1000 points Monday after major drop last week After strong downturns at the end of last week, Wall Street started Monday trading session with decreases, as USA government bond yields and inflation are accelerating, suggesting that the Federal Reserve will raise interest rates faster than expected. [Full Article...]

Lexington Realty Trust (LXP) stock RSI touches to 27.31 it is oversold

On 11/13/2017 Donald C. Wood, CEO, sold 9,900 with an average share price of $132.44 per share and the total transaction amounting to $1,311,156.00. The firm has "Outperform" rating by RBC Capital Markets given on Monday, November 2. As per Thursday, June 29, the company rating was maintained by Jefferies. (NYSE:FR) earned "Hold" rating by Jefferies on Wednesday, June 1. The Colorado-based Denve... [Full Article...]

Equities close in red, Sensex recovers over 700 points

Equities close in red, Sensex recovers over 700 points Similarly, the wider Nifty50 of the National Stock Exchange bounced back over 200 points from its day's low to close trade at 10,498.25 points - down 168.30 points or 1.58 per cent. In the Sensex pack, Tata Motors emerged as the worst performer by crashing 5.45 per cent, followed by TCS at 3.58 per cent. The S&P BSE Small-Cap index provisionally fell 2.19%. [Full Article...]

London shares follow global markets with new falls

London shares follow global markets with new falls The Standard & Poor's 500 index, a broader market barometer that many index funds track, climbed 46.20 points, or 1.7 percent, to 2,965.14. The Nasdaq composite rose 21 points, or 0.3 percent, to 6,989. Gold fell $7, or 0.5 percent, to $1,329.50 an ounce and silver dipped 9 cents, or 0.5 percent, to $16.58 an ounce. The steep drops on Friday and Monday erased the gains the Dow and S&P 500 ... [Full Article...]

Sector Trader's Alert: General Motors Company (NYSE:GM)

Sector Trader's Alert: General Motors Company (NYSE:GM) Ford Motor Company moved -4.39% to 10.24. Following the completion of the sale, the insider now directly owns 103,052 shares of the company's stock , valued at $4,440,510.68. The stock of Ford Motor Company (NYSE:F) hit a new 52-week low and has $9.77 target or 7.00 % below today's $10.51 share price. Andra Ap holds 0.09% in General Motors Company (NYSE:GM) or 92,900 shares. [Full Article...]

Profit of the oil company BP increased more than twice in 2017

Profit of the oil company BP increased more than twice in 2017 Upstream production, excluding BP's share of Rosneft production, was 12 percent higher than 2016, the highest since 2010. There's no guarantee that the cost of the Deepwater Horizon disaster won't rise again, but it will be entirely manageable from cash flow this year and next, Chief Financial Officer Brian Gilvary said by phone. [Full Article...]

The Walt Disney Co Q1 Earnings Rise

The Walt Disney Co Q1 Earnings Rise The Walt Disney Co . reported higher profits because of benefit from the recently passed corporate tax law, but income was down at ESPN and Hulu suffered bigger losses. A high current ratio indicates that the company has little trouble managing their working capital. (NYSE:FNF) rating on Thursday, October 26. The firm earned "Buy" rating on Monday, July 17 by RBC Capital Markets. [Full Article...]

Hong Kong, China stocks succumb to global market rout

Hong Kong, China stocks succumb to global market rout Hang Seng drops 4% to 30,970.08 after U.S. markets overnight fell by most in more than six-years. Still, futures on the CBOE Volatility Index offered some hope that the selloff may abate, sliding to 25.85, after the VIX posted a record spike higher yesterday to close at 37.32. [Full Article...]

FTSE 100 watch: Footsie crashes as global equity rout continues

FTSE 100 watch: Footsie crashes as global equity rout continues It meant that nearly £50bn of value was erased following a £27bn hit in the previous session, while other major European bourses fell in similar fashion. After opening around 2.2% lower, the Dow Jones clawed back those losses and swung into gains, up 1.5% on the day. The blue chip Dow Jones Industrials index, which on Monday slumped briefly by more than 10 percent from its January 26 record h... [Full Article...]

How Does Monday's Stock Plunge Stack Up?

How Does Monday's Stock Plunge Stack Up? That was its biggest loss since August 2011, when investors were fearful about European government debt and the USA came close to breaching its debt ceiling. Experts have been warning that that wouldn't last forever. A correction is defined as a 10 percent drop from the prior market peak. Measured by points, Monday's drop was the largest on record for the Dow and the S&P 500. [Full Article...]

Crude oil prices fall as global financial markets tumble

Crude oil prices fall as global financial markets tumble Last month, it expected a 580,000-bpd increase to 10.85 million bpd. "For oil , API's numbers are supportive". According to trade press reports, as much as 1.4 million b/d of new refinery capacity is planned to open in China by the end of 2019. [Full Article...]

Best Buy to stop selling CDs in stores as sales plummet

Best Buy to stop selling CDs in stores as sales plummet Best Buy did not immediately respond to EW's request for comment, but a Target spokesperson offered this statement: "Entertainment has been and continues to be an important part of Target's brand". "After hitting record highs in the CD era, the global market for recorded music began shrinking dramatically in 2000". Convenience using streaming services has made consumers flock to those service... [Full Article...]

Girl Scout Who Sold Cookies Outside Pot Shop Might Be in Trouble

Girl Scout Who Sold Cookies Outside Pot Shop Might Be in Trouble The girl, who has not yet been identified, was in a commercial area. Fox News reported the girl sold over 300 boxes of cookies. The girl - wearing her green vest of badges - is clutching boxes of cookies outside the front doors of Urbn Leaf in the photo, which was widely shared on the internet. [Full Article...]

The US trade deficit expanded in December 2017

The US trade deficit expanded in December 2017 The numbers come after Trump claimed in his State of the Union address that the US had "finally turned the page on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies, our jobs, and our nation's wealth". [Full Article...]


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