Business

Business Dow ends at record; Nasdaq rally fizzles amid tech selloff
Author: 0 Dow ends at record; Nasdaq rally fizzles amid tech selloff

Economists had expected GDP to increase by 2.6 percent in the second quarter compared to the 1.4 percent growth that had been reported for the previous quarter. The S&P 500 closed 3.32 points, or 0.1%, lower at 2,472.10, retreating from record levels set on Wednesday. Stocks turned in a mixed session, with the Dow rising to a new record high for the third straight session while the S&P and Nasdaq could not quite pull above their flatlines, although all three major averages finished near ...

Business Agent of Gareth Bale Dismisses Manchester United Transfer Stories
Author: 0 Agent of Gareth Bale Dismisses Manchester United Transfer Stories

However, his agent branded the stories linked him with United as "stupid" and "ridiculous", rubbishing any talk of a move to Manchester . United have regularly been linked with the three-times Champions League victor, though the former Tottenham man has always outlined his desire to stay at the Bernabeu and build on his impressive trophy haul.

Business NuVasive, Inc. (NASDAQ:NUVA) Downgraded by BidaskClub
Author: 0 NuVasive, Inc. (NASDAQ:NUVA) Downgraded by BidaskClub

Moody Aldrich Partners LLC controls 14,420 shares worth $1,109,000. Several other analysts have also commented on NUVA . Capstone Asset Management Co. WARNING: This piece was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally copied and republished in violation of USA and worldwide trademark & copyright law.

Business Cook County sweetened beverages tax to take effect Aug 2
Author: 0 Cook County sweetened beverages tax to take effect Aug 2

But it's unclear when Cook County will start collecting the tax on a variety of sugary and artificially sweetened drinks. Cook County's "pop tax" is the subject of a lawsuit . Three-hundred county employees were laid off earlier this month, and officials said it was because of the delay in implementation of the tax. A judge has dismissed a lawsuit challenging a penny-per-ounce tax on sweetened beverages sold in the Chicago area, and dissolved a temporary restraining order that had ...

Author: 0 Jefferies Group LLC Reaffirms "Hold" Rating for BP plc (BP)

The brokerage now has a GBX 675 ($8.79) price objective on the oil and gas exploration company's stock. On 10/27/2015 BP p.l.c. announced a Quarterly dividend of $0.60 with an ex dividend date of 11/4/2015 which will be payable on 12/18/2015.

Business McCain returns home for cancer treatment
Author: 0 McCain returns home for cancer treatment

Sens. Susan Collins and Lisa Murkowski were the GOP's lone "no" votes. The results of the Senate vote - 51 against and 49 in favor - sparked a flurry of responses on social media from politicians, pundits and celebrities. One moderate Republican said Trump shared responsibility. They did pass one amendment, which was to repeal the "Cadillac tax" on high-cost health insurance plans.

Business New York Community Bancorp, Inc. (NYCB) Announces $0.17 Quarterly Dividend
Author: 0 New York Community Bancorp, Inc. (NYCB) Announces $0.17 Quarterly Dividend

New York Community Bancorp's payout ratio is now 70.83%. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Therefore 27% are positive. FIG Partners reissued a "market-perform" rating on shares of New York Community Bancorp in a research report on Tuesday, March 14th.

Business Wealth management boosts UBS profits
Author: 0 Wealth management boosts UBS profits

The surge comes as a boon to the bank's chief executive, Tidjane Thiam, who was tasked with overhauling the bank and reducing its exposure to market movements. Thiam is also trying to cut costs at the bank and Credit Suisse said it is on track to get its cost base below 18.5 billion francs in 2017. The CET1 ratio is a closely watched measure of balance sheet strength.

Author: 0 Imperial Oil Ltd (USA) (IMO) Analysts See $0.26 EPS

About 7.50 million shares traded or 149.17% up from the average. It has underperformed by 16.70% the S&P500. Tweedy Browne Company Llc increased Devon Energy Corp (DVN) stake by 4.93% reported in 2016Q4 SEC filing. Oakworth Capital accumulated 0.03% or 1,310 shares. The Burgundy Asset Management Ltd holds 693,576 shares with $24.13M value, down from 707,576 last quarter.

Author: 0 Summit Midstream Partners, LP Plans Dividend of $0.58 (NYSE:SMLP)

The stock rose 0.24% or $0.15 reaching $62.54 per share. It has underperformed by 17.22% the S&P500. The firm has "Hold" rating given on Tuesday, July 18 by Barclays Capital. Milestone Group Inc holds 0.03% or 2,646 shares in its portfolio. 5,955 were reported by First Foundation Advsr. Finally, Morgan Stanley increased its stake in shares of Martin Midstream Partners L.P.by 38.2% in the first quarter.

Business Verizon Communications Inc. (NYSE:VZ) Reviewed By Analysts
Author: 0 Verizon Communications Inc. (NYSE:VZ) Reviewed By Analysts

Institutional investors and hedge funds own 62.61% of the company's stock. This was the first full quarter Verizon offered unlimited data plans . However, despite subscriber wins in Q2, total wireless revenue slumped by 1.9 percent to $21.28 billion, compared to $21.70 billion in the year-ago quarter.

Business Valley National Bancorp (NYSE:VLY)
Author: 0 Valley National Bancorp (NYSE:VLY)

Bank of New York Mellon Corp now owns 3,030,358 shares of the bank's stock valued at $52,576,000 after buying an additional 1,032,164 shares during the last quarter. On average, analysts predict that Old National Bancorp will post $1.06 EPS for the current year. Total cash per share on the most recent quarter is 1.37.

Business AstraZeneca, Merck to collaborate on olaparib development
Author: 0 AstraZeneca, Merck to collaborate on olaparib development

If approved for this type of breast cancer, Lynparza will be the first PARP inhibitor for that type of cancer. The strategic collaboration is expected to further increase the number of treatment options available to patients. Merck will pay AstraZeneca an initial $1.6bn, $750m for licence options and up to $6.15bn "upon successful achievement of future regulatory and sales milestones".

Business Cigarettes may soon be less addictive
Author: 0 Cigarettes may soon be less addictive

The idea is to make cigarettes less addictive for new smokers, but the policy is apt to hurt current smokers by forcing them to absorb more toxins and carcinogens along with their usual dose of nicotine. The federal agency has had the power since 2009 to cut nicotine levels but hasn't done so. Under expected revised timelines, applications for newly-regulated combustible products, such as cigars, pipe tobacco and hookah tobacco, would be submitted by August 8, 2021, and applications for ...

Business National Lipstick Day, July 29: MAC is giving away freebies
Author: 0 National Lipstick Day, July 29: MAC is giving away freebies

The gifting initiative is in celebration of National Lipstick Day which this year falls on July 28. MAC stores across the country are participating in National Lipstick Day by giving away a lipstick. The only things you have to do are make sure to get there early, because there's no doubt lines will be unruly, and pick a color. Check out the MAC store locator here.

Business IAG profits up despite British Airways IT crash
Author: 0 IAG profits up despite British Airways IT crash

Passenger unit revenue rose 1.5 percent in the second quarter, delivering the first year-on-year increase in quarterly revenue per passenger mile flown since 2014, and IAG said that revenue per passenger would improve in the second half compared to last year as well.

Business Laurene Powell Jobs' Emerson Collective Agrees To Buy Atlantic Media
Author: 0 Laurene Powell Jobs' Emerson Collective Agrees To Buy Atlantic Media

And, he said he will remain in control of the other media properties that make up Atlantic Media , including National Journal and Quartz . The majority ownership gives Emerson Collective access to the magazine's digital properties, live events business, and consulting services, according to the press release.

Business Does $80.83 justifies Exxon Mobil Corporation (XOM) shares?
Author: 0 Does $80.83 justifies Exxon Mobil Corporation (XOM) shares?

First Capital Advisors Group LLC. purchased a new stake in Exxon Mobil Corporation during the fourth quarter worth $494,000. Asset Management One Co. The dividend yield was $3.84. The firm earned "Buy" rating on Thursday, August 18 by Deutsche Bank. Exxon Mobil Corporation's dividend payout ratio (DPR) is presently 128.33%.

Business Manvinder Singh Banga Acquires 2267 Shares of GlaxoSmithKline plc (GSK) Stock
Author: 0 Manvinder Singh Banga Acquires 2267 Shares of GlaxoSmithKline plc (GSK) Stock

Fisher Asset Management LLC now owns 12,534,385 shares of the pharmaceutical company's stock valued at $540,483,000 after buying an additional 564,519 shares in the last quarter. Stockholders of record on Thursday, August 10th will be given a GBX 19 ($0.25) dividend. OH's holdings in GlaxoSmithKline PLC were worth $11,935,000 at the end of the most recent quarter.

Business Amalgamated Bank Acquires 225 Shares of First Solar, Inc. (FSLR)
Author: 0 Amalgamated Bank Acquires 225 Shares of First Solar, Inc. (FSLR)

It has underperformed by 9.16% the S&P500. Russell Investments Group Ltd. bought a new stake in shares of First Solar during the fourth quarter valued at approximately $872,000. Finally, Quantum Capital Management bought a new position in shares of First Solar during the first quarter valued at approximately $202,000. (NASDAQ: FSLR ).

Author: 0 Most Active Stock: Applied Materials, Inc. (AMAT)

On 9/8/2016 Applied Materials announced a quarterly dividend of $0.10 1.39% with an ex dividend date of 11/22/2016 which will be payable on 12/15/2016. Lastly, Morgan Stanley reaffirmed an "overweight" recommendation and given a $52.00 price objective (up from $47.00) on stocks of Applied Materials in a study note on early Mon, Jul 10th.

Business Somewhat Favorable Press Coverage Somewhat Unlikely to Impact SuperValu (SVU) Stock Price
Author: 0 Somewhat Favorable Press Coverage Somewhat Unlikely to Impact SuperValu (SVU) Stock Price

Hedge funds and other institutional investors own 80.40% of the company's stock. Norges Bank purchased a new stake in SuperValu during the fourth quarter valued at approximately $14,230,000. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. SuperValu's revenue was up 6.3% compared to the same quarter past year. During the same quarter a year ago, the firm earned $0.23 EPS.

Author: 0 Inc. Has $210000 Stake in Yamana Gold Inc. (AUY)

Hedge funds and other institutional investors have recently made changes to their positions in the company. The short ratio in the company's stock is documented at 2.05 and the short float is around of 2.97%. Moving average indicators are commonly tracked by technical stock analysts. Analysts forecast that Yamana Gold will post $0.05 earnings per share for the current fiscal year.

Author: 0 Cenovus Energy Inc (NYSE:CVE) Trading Volume Significantly Higher

Co's holdings in Cenovus Energy were worth $3,480,000 as of its most recent filing with the SEC. Several other research analysts also recently weighed in on CVE. On average, analysts forecast that Cenovus Energy will post $0.12 earnings per share for the current fiscal year. The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th.

Author: 0 Not Starbucks' cup of tea: struggling Teavana to be closed

It added that the laid-off workers would be able to apply for roles at its namesake stores. The company said numerous Teavana stores, which are mainly based in malls, "have been persistently underperforming". Unfortunately, we have some bad news for retail fans and even worse news for tea fans. The move is similar to the company's 2011 decision to fully license its Hong Kong and Macau operations, Johnson said in a statement.

Business Reinhart Partners Inc. Sells 91 Shares of Amazon.com, Inc
Author: 0 Reinhart Partners Inc. Sells 91 Shares of Amazon.com, Inc

Finally, Zacks Investment Research lowered Amazon .com from a "hold" rating to a "strong sell" rating in a research report on Monday. JP Morgan repeated an "overweight" rating and initiated a price target of US$1,175. Oakwood Mgmt Ca has invested 1.15% in Amazon .com, Inc. COPYRIGHT VIOLATION WARNING: This article was originally published by Community Financial News and is the sole property of of Community Financial News.

Business Glenmark Pharma Q1 net profit up 47% at Rs 333.38 cr
Author: 0 Glenmark Pharma Q1 net profit up 47% at Rs 333.38 cr

Total income of the company stood at Rs 987.7 crore for the quarter under consideration, as against Rs 1,032.9 crore a year ago. NIIT CEO Designate Sapnesh Lalla said the Corporate Learning Group (CLG) business continues to be on a strong growth path.

Author: 0 Energy Transfer Equity, LP (NYSE:ETE) Plans $0.29 Quarterly Dividend

Lakewood Capital Management Lp bought 186,900 shares as the company's stock declined 2.24% while stock markets rallied. The Tensile Capital Management Llc holds 467,894 shares with $16.76 million value, down from 673,894 last quarter. It has a 8.23 P/E ratio. Since January 1, 0001, it had 0 buys, and 3 selling transactions for $5.75 million activity. Skidmore acquired 2,000 shares at an average price of $19.49 on Monday the 26th.

Business American Airlines revenue rises 7.2 percent
Author: 0 American Airlines revenue rises 7.2 percent

A number of other large investors have also bought and sold shares of AAL. Moreover, First Republic Invest has 0.01% invested in American Airlines Group Inc (NASDAQ:AAL). If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and worldwide copyright and trademark legislation.