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Finance

The complaint alleges Moody's violated the Financial Institutions Reform, Recovery and Enforcement Act while rating residential mortgage-backed securities and collateralized debt obligations. For the three months ended September 30, Moody's earned $255.3 million, or $1.31 per share. The company now expects adjusted earnings for the year to range between $4.62 and $4.72 a share, up from its prior outlook of $4.55 and $4.65.
  • Watch Tom Cruise Recreate His Movie Career In 9 Minutes

    Finance

    This is an impossibly dumb movie and I had so much fun watching it. However, despite these protests, the film ended up being a solidly entertaining action flick and took $218 million worldwide, making a sequel an inevitability. Suddenly, he'll do anything to protect her. Nothing about Reacher's character suggests he's yearning for fatherhood, and yet she becomes his main motivation.
  • Union Pacific railroad to report 3Q earnings on Thursday

    Union Pacific railroad to report 3Q earnings on Thursday

    Finance

    They now have a Dollars 44 price target on the stock. Vertical Research raised shares of Louisiana-Pacific Corp. from a "hold" rating to a "buy" rating in a report on Friday. The 52-week range of the share price is from $67.06 - $98.83. Following the sale, the executive vice president now directly owns 71,320 shares in the company, valued at approximately $7,020,740.80.
  • Latest N. Korean ballistic missile test fails

    Latest N. Korean ballistic missile test fails

    Finance

    Pyongyang has test-fired Musudan missiles eight times since April 15. The United States is to deploy an advanced missile defence system in South Korea, the two sides said on July 8, as North Korea warned the latest U.S. "The next few years will be the tipping point". Yun said he understood this would be discussed in talks between Han and Carter at the Pentagon on Thursday, but declined to elaborate.
  • Samsung flags $5.3bn profit hit from Note 7 failure

    Samsung flags $5.3bn profit hit from Note 7 failure

    Finance

    Company stock declined 8 percent since the start of the week, after Samsung announced its troubled Galaxy Note 7 will end production and be pulled from the market. "Consumers should immediately stop using and power down all Galaxy Note 7 devices, including Note 7 devices received as replacements in the previous recall", the agency said.
  • Intel Tops 3Q Forecast But Shares Fall on Sales Outlook

    Intel Tops 3Q Forecast But Shares Fall on Sales Outlook

    Finance

    This indicates the analyst believes there is a potential upside of 18 .5% from the opening price of 37.97 Dollars. 11 analysts said Hold signal for the stock. Investors are expecting that Intel Corporation (NASDAQ: INTC ) will issue their earnings release on or around 2017-01-12. The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st.
  • Final Presidential Debate: Rules and format

    Finance

    Clinton and Trump were literally tied in the Bloomberg poll in September, with 46 percent apiece in a two-way race. Both candidates on Tuesday jetted separately into this gambling and entertainment capital in the Nevada desert ahead of the high stakes encounter.
  • Fiat Chrysler recalls 224K Jeeps; air bags may not work

    Fiat Chrysler recalls 224K Jeeps; air bags may not work

    Finance

    By The Associated Press GITI Tire and Continental Tire have issued recalls affecting about 265,000 vehicles. The company says in government documents that wiring to a sensor can come loose, cutting off signals to an air bag computer. According to FCA, certain alternators supplied to the company could be subject to premature wear. The conditions are ideal for electrical shorts that can cause the engines to stall or the vehicles to catch on fire.
  • U.S. stock indexes waver between small gains and losses

    U.S. stock indexes waver between small gains and losses

    Finance

    Consumer-focused stocks and financial companies weighed on the market, while utilities and telecom companies bucked the downward trend. The improvement in earnings projections followed mostly stronger-than-expected results from Bank of America and other financials, though reports are in so far from just 52 of the S&P 500 companies.
  • Watch Goldberg's epic entrance for the first time in 12 years

    Watch Goldberg's epic entrance for the first time in 12 years

    Finance

    Having a superstar like this return will be a huge draw, especially for fans of older wrestling who have since then lost their interest in the product. How do you book it? The ratings for the last night's Raw episode was through the roof and expect WWE to milk that until " Survivor Series ". Seth Rollins def.
  • Starbucks plans to double store count in China by 2021

    Starbucks plans to double store count in China by 2021

    Finance

    On Wednesday, Starbucks announced the promotion of Belinda Wong from president to the first-ever CEO of Starbucks China. Coffee chain Starbucks Corp named its first chief executive officer in China, as it plans to ramp up its efforts in the country in order to boost profits.
  • Pfizer to launch cheaper version of J&J immune drug Remicade

    Pfizer to launch cheaper version of J&J immune drug Remicade

    Finance

    The company's net earnings rose to $4.27 billion, or $1.53 per share, in the third quarter, from $3.36 billion, or $1.20 per share, a year earlier. With annual USA sales of about $5 billion and its wide use to also treat Crohn's disease and psoriasis, Remicade is J&J's biggest product.
  • New caramel M&M's revealed

    Finance

    Caramel is not only a childhood favorite, Izzo says it's trendy, growing and shows no sign of losing popularity. Then came pretzel M&Ms and peanut butter M&Ms and almond M&Ms . By introducing fun, new product innovations like M&M'S Caramel , the brand has remained a chocolate icon and continues to excite consumers since 1941.
  • Oil glut to last until mid-2017 unless OPEC cuts output: IEA

    Finance

    At 1:05 PM EST on October 11, the West Texas Intermediate crude oil futures contract for November delivery was trading at $50.74 per barrel-a fall of ~1.2%. On Monday, President Vladimir Putin said Moscow was ready to join the proposed cap on oil output by OPEC members. "We agreed to have a technical meeting of OPEC ".
  • IBM revenue beats estimates on cloud, analytics growth

    IBM revenue beats estimates on cloud, analytics growth

    Finance

    Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $140.00 price objective on shares of International Business Machines Corp .in a research report on Saturday, October 8th. The consensus 12-month price target from brokerage firms covering the stock is $154.12. Finally, Americafirst Capital Management LLC purchased a new position in shares of International Business Machines Corp .
  • Pepsi gets aggressive on cutting sugar

    Pepsi gets aggressive on cutting sugar

    Finance

    The, the soda industry lobbying group, dietitians to tweet against soda taxes , Mic previously reported. She said the company has been addressing environmental, health, and social priorities in all of its global markets. PepsiCo India's chairman and CEO D Shivakumar said, "We launched a lower sugar 7UP in Gujarat recently, which replaces the existing formulation".
  • Australia's Crown Resorts says 18 staff detained in China

    Australia's Crown Resorts says 18 staff detained in China

    Finance

    She was taken away and he was formally advised of her arrest yesterday. The employees are believed to remain in detention, almost 18 months after their initial arrest. The former Portuguese colony is the only place in China where casino gambling is legal and has been hit by Beijing's anti-corruption campaign targeting officials and politically-linked businessmen.
  • USA factory production rebounded in September

    USA factory production rebounded in September

    Finance

    On an annual basis, industrial production surged 4.5 percent, the fastest pace in nearly two years. The Federal Reserve Bank of Atlanta's GDPNow model last week projected a somewhat higher third-quarter growth rate of 1.9%. But with the dollar's rally fading and oil prices stabilizing, the worst of the industrial downturn is probably over. But strong gains in the near-term are unlikely.
  • Caterpillar Inc CEO Doug Oberhelman to retire

    Caterpillar Inc CEO Doug Oberhelman to retire

    Finance

    Jim Umpleby is a 35-year veteran of Caterpillar . Chairman and CEO Doug Oberhelman says he will retire March 31, 2017. After that, board member Dave Calhoun will assume the role of nonexecutive chairman. "Discussions are held throughout each year, and today's announcement is the result of these ongoing and deliberate Board discussions", Rust said. Since then, the company has slashed 30,000 jobs in the past four years - a 20% workforce reduction - and has said it expected to close or ...
  • Wells Fargo CEO retires under fire

    Finance

    A lot of customers and former customers are angry that employees opened accounts in their names without their permission. "He's going to claim that he didn't know how they were running the retail side of the business", Miller said. Wells Fargo & Co makes up approx 2.15% of Beacon Financial Group's portfolio. Sanger also chairs the governance and nominating committee and is a member of Human Resources committee and Risk committee.
  • After scandal, Wells Fargo's damage beginning to show

    Finance

    Elizabeth Warren, D-Massachusetts, from blasting Wells; she has called for a criminal investigation of the bank's activities. And Wells nearly surely faces settlements and fines way beyond the $185 million it agreed to pay regulators when the scandal broke wide open last month.
  • US stocks rise as banks rebound on strong earnings

    Finance

    Dow Jones closed down by 0.23 percent, S&P 500 ended down by 0.30 percent, Nasdaq finished the day down by 0.47 percent. Eastern time. The Standard & Poor's 500 index gained 16 points, or 0.8 percent, to 2,148. PUT IT ON EBAY: Mercadolibre, which runs an online marketplace and payments system in Latin America, slumped after it said eBay will sell most of its investment in the company.
  • After the Scandal, Wells Fargo's Damage Becomes Apparent

    Finance

    Wells Fargo said it earned $5.6 billion, or $1.03 per share, compared with $5.8 billion, or $1.05 per share, in the same period a year earlier. New York-based Citigroup , the fourth-biggest US bank, also reports third-quarter results Friday.
  • Trump belittles accusers as more turn up with sordid stories

    Finance

    McManus said the officers' actions are "inconsistent" with department principles. "I wondered if the sexual behaviour was some kind of test and whether or not I had passed" by rejecting it, she said, but Trump later offered her a job at a golf course for half the salary she had requested.
  • What's locker room talk to Sacramento area athletes?

    What's locker room talk to Sacramento area athletes?

    Finance

    His values, sense of entitlement, lack of basic civility, and certainly his attitude about women all seem foreign to me. I apologize to the American people. To James, locker room talk is playful banter among teammates, not derogatory or lewd conversations about personal matters. He started off by saying that he nearly vomited listening to the audio before he addressed Trumps comment about women saying that he would "grab 'em by the p***y".
  • UK lawmakers press government for say on Brexit-EU talks

    Finance

    That is where a case, brought by a financial entrepreneur, is due to be heard on whether the Government has the power to trigger Britain's exit from the European Union without approval from Parliament. Labour Brexit spokesman Keir Starmer said. However, Tusk's comments came as the High Court in London began hearing a challenge to May's right to trigger the process without a vote in the broadly anti-Brexit parliament, and as Scotland's First Minister Nicola Sturgeon threatened a new ...
  • Yahoo not to hold quarterly earnings call or webcast

    Yahoo not to hold quarterly earnings call or webcast

    Finance

    Basically, Marissa Mayer and her team keep letting revelations leak out that Yahoo is maybe even more totally fucked-up than everyone thought, which is incredible considering that popular opinion held Yahoo to be a smoldering tire fire, its flames fed by money and shame.
  • Stock under Review: SeaDrill Limited (NYSE:SDRL)

    Finance

    Verizon Communications Inc.is expected* to report earnings on 10/20/2016 before market open. The company has Beta Value of 2.41 and ATR value of 0.22. "The stock has been suggested as "Buy" from "0" Analysts". While on annual basis the current EPS estimates trend for FY 2017 came in for $0.06 as compared to three months ago $0.09.
  • Shares of Salesforce.com Inc. (CRM) Stock are sold by Marc Benioff

    Finance

    Despite the fact that Salesforce - which insiders say was the only remaining serious contender - is out of the picture, some Twitter advisers say the company is still seeking other potential bidders, those people in the know said. Dorsey also serves as CEO of digital payments company Square Inc (SQ.N) and has split his time between the two companies since he returned as Twitter's permanent CEO about a year ago.
  • British trader Navinder Sarao to be extradited over 'flash crash'

    British trader Navinder Sarao to be extradited over 'flash crash'

    Finance

    THE British trader dubbed the "Hound of Hounslow" WILL be extradited to the U.S. where he faces 380 years in prison after losing his High Court challenge. The US justice department claims Sarao and his company Nav Sarao Futures Limited made $ 878,000 of profit from the flash crash and a total of 26 million pounds illegally over five years.