Archive | Markets

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Wells Fargo profit boosted by one-time tax benefit

Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. About 1.66 million shares trade...

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Retail inflation rises to 17-month high of 5.21% in December

However, economists say that the central bank may be forced to accelerate that pace of increases if inflation shows signs of rising too quickly ...

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China demands public apology from Delta for listing…

China is stepping up its policing of worldwide companies such as Inditex SA-owned Zara and Delta Air Lines Inc and demanding they respect the ...

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Analytical Report on JPMorgan Chase & Co. (NYSE:JPM)

Sentinel Asset Mgmt reported 397,200 shares. Among new and sold out positions, 95 holders initiated new positions by a total of 12.94 million ...

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India's Infosys posts better-than-expected Q3 profit on tax deal

Consolidated revenue, however, grew 8 per cent annually to $2,755 million from $2,551 million in the like period a year ago but remained flat (1...

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Former Isle of Wight Businessman "Guilty" Of BHS Pension Charges

Under section 72 of the Pensions Act 2004, Chappell was legally obliged to provide certain information regarding the purchase of BHS by Retail...

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FCA To Invest $1B In Michigan Plant, Pay Out Bonuses

Fiat Chrysler Automobiles said Thursday it plans to invest more than $1 billion in a Detroit-area truck plant and move production of its Ram H...

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GM applies to deploy self-driving Cruise AV robo-taxi next year

Cruise, which is based in San Francisco, expects to test the modified Chevy Bolt next year. Late previous year, Waymo started an autonomous ri...

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Russian-Chinese trade up 20.8% in 2017, to $84.07 bln

The government is planning to announce GDP data for 2017 next week. Overall, China's trade balance for 2017 was a surplus of $422.5 billion. ...

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Ethereum surges 60% to all-time high as cryptocurrency closes in on bitcoin

PC gaming marketplace Steam stopped accepting bitcoin as a payment method in December 2017 , "due to high fees and volatility in the value of B...

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Toyota, Mazda Offered at Least $700 Million Incentive Package for Alabama Plant

The new plant is expected to create up to 4,000 jobs, with production scheduled to begin by 2021. The announcement - made by Alabama's governo...

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Uber used yet another secret tool to evade law enforcement

Background: Uber has ruffled regulatory feathers around the world by not abiding by taxi license rules and classifying its drivers as independen...

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New MH370 search approved as Malaysia offers $70 million reward

The search will begin on 17 January, said Ocean Infinity chief executive Oliver Plunkett, who attended the signing event. The plane disappea...

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IKEA offers discount if you pee on their new ad

The advert itself was created for Ikea in collaboration with Mercene Labs by Swedish marketing agency Åkestam Holst . An Ikea representative ...

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Dropbox Has Made a Confidential Filing for US IPO, Says Bloomberg

Goldman Sachs and JPMorgan Chase are the leading this listing, according to Bloomberg , with other banks on tap to fill supporting roles in ...

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Ford Issues 'Stop Driving' Warning for Select 2006 Rangers

This is the second fatality reported to Ford due to a Takata inflator rupture. "Dealers are prepared to get vehicles directly from customers, ma...

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Sam's Club Announces Store Closures

But no formal statement has been issued by Sam's Club . The Sam's Club closings were announced on the same day Wal-Mart said it was boostin...

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Bridge problem disrupts NJ Transit trains

Northeast Corridor, NJ Coast Line and Raritan Valley trains were subject to up 60 min delays following the incident. There were even more issu...

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Inc. NY Reduces Stake in Norwegian Cruise Line Holdings Ltd. (NCLH)

Healthcare Value Capital Llc who had been investing in Depomed Inc for a number of months, seems to be bullish on the $499.70 million market cap...

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Delta raises 2018 earnings guidance 20% due to tax law

The transportation company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. Basswood Cap Management Limited...

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Circuit City plans comeback 10 years after filing for bankruptcy

Shmoel then told the CES audience that the retailer plans to expand to kiosks, stores within other stores and eventually its own showrooms. Th...

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Moneygram just partnered with Bitcoin's rival Ripple

This is a very big selling point for Ripple , which has successfully courted some banks and payment companies for initial pilots. Questions wer...

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DST Systems, Inc. (DST) on Focus After Trading At 52-Week Highs

The New York-based Bluemountain Cap Mngmt Ltd Liability Com has invested 0.01% in DST Systems, Inc . (NYSE:DST) for 502,603 shares. DST System...

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Power Goes Out - Briefly - At CES

Leaks from the roof of the convention centre on the show floor were also reported by visitors. Some booths and venues still had power, the Con...

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Walmart boost minimum wage to $11, plans bonuses after U.S. tax cuts

The move also comes amid a 17-year low for the US unemployment rate, which has intensified competition for good workers. "Today, we are buildi...

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Woman gets full refund of Christmas tree

A picture accompanying the post showed a woman with a red "X" over her face standing with a dead Christmas tree at the Costco customer service...

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Molson Coors Brewing (TAP) Earning Somewhat Negative Media Coverage, Analysis Finds

Lastly, comparing the current price of $83.63 to the target price of 96.96, this means that the stock may or may not have some room to run. Th...

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M&S suffers sales fall in 'mixed' Christmas trading

In terms of the retailer's third quarter sales specifically, like-for-like sales were up 2.3% in the United Kingdom, and by 3.3% in the Republic...

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OH man indicted for creating malware

A 28-year-old OH man was indicted for digitally spying on people for more than 13 years. The US Attorney's Office for the Northern District of...

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Ice cream bars recalled over listeria concerns

Food and Drug Administration . A full list of the stores that sold the ice cream bars is located on the recall notice and includes Giant, Do...

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