• Avaya Bankruptcy: Telecom Company Files for Chapter 11 Protection

    Finance

    Avaya announced that it had started the Chapter 11 process and would be rebalancing its balance sheet, "to better position itself for the future". It noted, however, that it is in "ongoing negotiations" around other assets. The telecommunications company has been struggling for a while now due to the fact that it has failed to properly transition from a hardware-driven company to an organization that benefits primarily from software and services.
  • European Central Bank on 'autopilot' until the summer

    Finance

    It was also decided not to change the ECB's bond-buying stimulus scheme, which was extended last month amid worries about economic growth. While Draghi said at today's press conference that "inflation is likely to pick up further in the medium term", he also stressed the increase has been "largely driven by energy inflation".
  • China's GDP expands 6.7% in 2016

    Finance

    The forecast 6.7 percent growth rate would still be near the slowest quarterly pace since the global crisis, and China's weakest annual expansion in 26 years. "The stabilization of the economy was largely due to the rally in the property market, which has also triggered concerns of an asset bubble", Zhou Hao, an economist at Commerzbank in Singapore, wrote in a report.
  • China consumption contributed less to 2016 growth

    China consumption contributed less to 2016 growth

    Finance

    For the full year, China's GDP grew 6.7%, the slowest in 26 years-but within the government's target range of 6.5% to 7%. China's economy has shown signs of renewed strength with better-than-expected annualised fourth quarter GDP growth.
  • J. C. Penney Company, Inc. (NYSE:JCP)

    Finance

    There are 0 equity research firms advocating a Hold and 0 consider it Sell.Credit Suisse analysts provided their view on J. C. Penney Company, Inc. The brokerage now has a buy rating on the department store operator's stock. Company latest quarter ended on 31 Oct 2016. Many analysts have provided their estimated foresights on J. C. Penney Company, Inc. Other research analysts have also issued reports about the stock.
  • Energy Transfer Equity, L.P. (ETE)

    Energy Transfer Equity, L.P. (ETE)

    Finance

    They now have a United States dollars 11 price target on the stock. The share price is trading in a range of $21.93 - 23.00. Based on an average trading volume of 7,119,353 shares, the days-to-cover ratio is now 7.6 days. This appreciation has taken its market valuation to 20.12B. 9 issued rating as a HOLD.0 said as SELL recommendations and 0 suggested UNDERWEIGHT rating .
  • Eli Lilly buys Massachusetts-based pharmaceuticals company for $960 million

    Finance

    Ricks, Lilly's president and chief executive officer, in a press release. The drug, called lasmiditan, has completed the first of two Phase 3 trials, with the second expected in the second half of the year. Banced Corp now owns 3,832 shares of the company's stock worth $321,000 after buying an additional 111 shares during the period. Banced Corp raised its position in Eli Lilly and Company by 3.0% in the second quarter.
  • Rio Tinto hits 2016 iron ore guidance, 2017 target intact

    Finance

    Credit Suisse Group AG raised their target price on Rio Tinto plc from GBX 2,100 ($26.24) to GBX 2,300 ($28.74) and gave the stock a "neutral" rating in a report on Monday, September 19th. Receive Rio Tinto News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto with MarketBeat.com's FREE daily email newsletter.
  • Bertelsmann says open to raising stake in Penguin Random House

    Finance

    There was a 30% decline in sales in the American higher education textbooks market in the last quarter. Shares in educational publisher Pearson dropped by over a quarter on Wednesday, after withdrawing its profit guidance for 2018 in light of "continued challenges and uncertainty" in the market.
  • Kinder Morgan, Inc. (KMI) Stock Rating Upgraded by Zacks Investment Research

    Finance

    Earnings Whispers expects the company to report a bottom-line beat at $0.16 EPS. Kinder Morgan's dividend payout ratio is presently -416.67%. Taking a look into the performance of KMI stock, investor will come to know that the weekly performance for this stock is valued at 2.80%, resulting in a performance for the month at 5.06%.
  • United Continental Holdings (NYSE:UAL) 4Q16 earnings; Beats Street View

    Finance

    The stock is now down 1.14 on just over 1 million shares. Operating Revenue reached $ 9052.00 million, increased from $ 9036.00 million a year ago. Beat earnings estimates . They now have a United States dollars 76 price target on the stock. Click to get this free report United Continental Holdings, Inc . At the movement stock is under coverage by number of analysts.
  • The strong dollar is 'killing us'

    The strong dollar is 'killing us'

    Finance

    Brent crude, the global benchmark, traded down 0.7 percent at $55.49 a barrel, while US crude was up 0.2 percent at $52.48. Later in the session the economic calendar starts to pick up with the release of US CPI, PPI and industrial production figures for December.
  • Slow burn pays off for BAT and Reynolds

    Finance

    The share price of the company (NYSE:RAI) was up +3.14% during the last trading session, with a high of 58.15 and the volume of Reynolds American Inc shares traded was 35482680. The deal, she continued, allows Reynolds shareholders to be demonstrative in participating in future endeavors, maintain interest in the USA market, and to take part in the growth of the group moving forward.
  • Tata Group Chief N Chandrasekaran appointed as Chairman of Tata Motors

    Finance

    In a regulatory filing, the company said " the Board of Directors have today appointed Natarajan Chandrasekaran as additional director and Chairman of the board with immediate effect ". Singhvi argued that the group also had to initiate the process to remove Mistry because he was making many selective leakages to the Income Tax Department about the company.
  • GM promises 7000 more U.S. jobs in coming years

    Finance

    Though the plan has been long in the making, GM's announcement has been viewed as the latest from U.S. auto companies eager to head off criticism from Mr. Just a week ago, GM CEO Mary Barra emphasized again that the automaker will continue "to build where we sell". GM's announcement on Tuesday, Jan.
  • UnitedHealth Group Incorporated (NYSE:UNH) Shares Up 0.71% Tuesday's Pre-market Trade

    UnitedHealth Group Incorporated (NYSE:UNH) Shares Up 0.71% Tuesday's Pre-market Trade

    Finance

    Credit Suisse Group reiterated an outperform rating and issued a $160.00 price objective (up from $155.00) on shares of UnitedHealth Group in a research report on Friday, October 21st. Capital Research Global Investors now owns 29,118,588 shares of the healthcare conglomerate's stock worth $4,111,545,000 after buying an additional 147,410 shares during the last quarter.
  • Mutual respect key to peaceful India-China relation: Modi

    Finance

    He said, institutions and architectures built for a different world seem outdated, posing a barrier to effective multilateralism. Modi's speech, in which he repeatedly highlighted contrasts between India's and China's perceived approaches to their neighbours, also coincides with heightened tensions between New Delhi and Beijing over a series of disputes.
  • India starts building the biggest cricket stadium

    Finance

    BJP chief Amit Shah had succeeded Narendra Modi as the President of GCA when the latter resigned in May 2014 after the last Lok Sabha polls. With the arrival of heavy duty construction equipment, the Motera site now gives the look of a mega project site, said Nathwani.
  • Saudi Arabia Expects 2017 Growth 'Significantly Higher' Than IMF

    Saudi Arabia Expects 2017 Growth 'Significantly Higher' Than IMF

    Finance

    Benchmark Brent crude futures were trading 10 cents lower at $55.35 a barrel in London at 1:34 p.m. "I expect the USA shale oil will go back to increasing production this year", Birol told Reuters. Broader markets will be influenced in part by the inauguration of a US president who already lobbed critiques at long-standing precedence on China, Russia and global trade measures.
  • India loses fastest growth tag to China

    Finance

    The report forecast economic activity in both advanced economies and emerging-market and developing economies (EMDEs) to accelerate in 2017-2018. World output growth is projected to pick up to 3.4% this year from 3.1% in 2016. Advanced economies are now projected to grow 1.9 percent in 2017 and 2.0 percent in 2018, respectively 0.1 and 0.2 percentage points higher than the October forecast.
  • Oxfam report shows widening inequality, Labour blames govt

    Finance

    Of course, the net worth of these eight richest men isn't made up of just cash. Lawrence J. Ellison , founder of Oracle, $43.6 billion. Last year, it was 62 people. Although the American dream of turning hard work into fortune certainly has played out for a number of billionaires, according to Oxfam, one-third of the world's billionaire wealth is inherited, while almost half of it can be linked to cronyism.
  • Nicole Kidman says Americans should support Trump

    Finance

    So I just say, he's now elected, and we as a country need to support who's ever the president, because that's what the country is based on. Her comments run counter to what many celebrities in Hollywood have said about Trump. That's what I said. Speaking with the BBC in her initial interview, Kidman explained that she was "reticent to start commenting politically" and prefers to keep her opinions about US and Australian politics to herself.
  • Louisville Upsets Duke In Classic Basketball Matchup

    Louisville Upsets Duke In Classic Basketball Matchup

    Finance

    Then as the Duke Blue Devils were taking on the Louisville Cardinals on January 14th, Allen - who was greeted with "boos" from the opposing crowd - found himself wrapped up with Louisville guard Donovan Mitchell . I happen to think - I happen to know - he's a terrific young man who keeps making these mistakes when he does something wrong. "And I thought that's what happened to us today".
  • Strong economy, deals help holiday sales top forecast: NRF

    Finance

    Retail trade sales increased 0.8% from November and are up 4.3% from previous year. Ian Shepherdson of Pantheon Macroeconomics said the retail sales numbers from the end of the year could be subject to large revisions but questioned recent strong consumer confidence numbers.
  • Associated British Foods plc (ASBFY) Lowered to Add at Numis Securities Ltd

    Associated British Foods plc (ASBFY) Lowered to Add at Numis Securities Ltd

    Finance

    Associated British Foods PLC (LON:ABF) enjoyed a sweet end to 2016, with revenues up sharply thanks primarily to stellar performances in its Primark and AB Sugar businesses. COPYRIGHT VIOLATION NOTICE: " Associated British Foods plc (ASBFY) Lowered to Add at Numis Securities Ltd" was reported by Community Financial News and is the sole property of of Community Financial News.
  • Renault Reportedly Probed Over Diesel Emissions

    Renault Reportedly Probed Over Diesel Emissions

    Finance

    While she stopped short of describing the software as a defeat device of the sort used by Volkswagen to cheat on emissions tests, she said there was no doubt Fiat Chrysler's software "is contributing to illegal pollution". Since Volkswagen Group's diesel vehicle emissions cheating case came in to light, the auto industry around the world has been in turmoil. Tentacles of the Volkswagen scandal are continuing to reach across the industry more than a year later: The U.S.