Money

Chinese Regulator to Take Over Anbang Insurance

Chinese Regulator to Take Over Anbang Insurance

Long before Wu Xiaohui , the former chairman of Anbang Insurance Group, was charged with fraud and embezzlement, company staff said Chinese officials were already speaking about him as if he were a criminal. Anbang used such sales to raise billions of dollars. The company was founded in 2004 as a provincial vehicle insurer but has since ballooned into a global giant. Read More

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Nasal spray flu vaccine may be back next season

Nasal spray flu vaccine may be back next season

AstraZeneca recorded $104 million in FluMist sales in 2016 and $78 million past year. According to the CDC, a good vaccine can prevent the flu in 40 to 60 percent of people. "The live virus vaccine did not work well against H1N1". That way you'll be ready for peak flu season. In order for a live virus vaccine to be safe and effective for use humans, it has to strike just the right balance between replicating enough to activate an immune response, but not enough to cause the illness itself. Read More

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Gender pay divide. Transparency is a welcome step

Gender pay divide. Transparency is a welcome step

Gender pay gap measures the difference between men and women's earnings across the business by expressing women's pay as a percentage of men's pay. Earlier this year it was revealed the mean hourly rate for women was 52% lower than for men at easyJet, while the figure stood at 33% lower at Virgin Money. Read More

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RBS reports first annual profit in ten years following 'difficult chapter'

RBS reports first annual profit in ten years following 'difficult chapter'

RBS announced in a statement today that it had made an attributable profit of £752 million previous year, as compared with a £6.96-billion loss in 2016. The company disclosed that it had booked litigation and conduct costs of £764 million in the fourth quarter, including a £442 million over mortgage-backed securities investigations in the United States, taking its total provision for the issue to £3.2 billion. Read More

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BB&T outage affecting ATMs, online banking

BB&T outage affecting ATMs, online banking

BB&T Bank told its customers Thursday evening an equipment malfunction at BB&T's data center is the reason behind the interruption in banking services. It was the second time in two weeks that the San Francisco bank experienced an outage. Please be aware some of the information you will see in your accounts has not yet been fully updated from yesterday. Read More

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Tesla (TSLA) Upgraded at BidaskClub

Tesla (NASDAQ: TSLA ) last released its quarterly earnings data on Wednesday, February 7th. It has outperformed by 27.73% the S&P500. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the stock a "hold" rating in a research report on Monday, November 13th. Read More

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Sensex rises over 100 points; Nifty trades at 10417

Sensex rises over 100 points; Nifty trades at 10417

In the broader market, the BSE Midcap and the BSE Smallcap indices outperformed to gain 1.5 per cent each. Major gainers in the 30-share index were Sun Pharmaceutical Industries (3.94%), Tata Steel (2.70%), Adani Ports and Special Economic Zone (2.52%), Kotak Mahindra Bank (1.92%), Infosys (0.98%), and Bharti Airtel (0.91%). Read More

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Analyzing Analyst Recommendations: Trinity Industries, Inc. (TRN), BHP Billiton Limited (BHP)

Analyzing Analyst Recommendations: Trinity Industries, Inc. (TRN), BHP Billiton Limited (BHP)

The stock decreased 39.25% or $0.0588 during the last trading session, reaching $0.091. About 2.22 million shares traded. Goldman Sachs maintained the stock with "Neutral/Neutral" rating in Friday, August 21 report. Institutional owners hold 4.30% stake while Insiders ownership held at 0.20% in the company. He rebuffed a renewed push by activist hedge fund Elliott Advisors for a review of BHP's dual-listed company structure, saying the costs of collapsing this now outweigh the benefits. Read More

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Oil declines as spare United States supplies menace Opec's anti-glut plan

Oil declines as spare United States supplies menace Opec's anti-glut plan

Traders said the declines were driven by a recovery in the dollar, which potentially hits fuel demand as it makes greenback-denominated oil imports more expensive for countries using other currencies. According to market analyst Richard Perry, "Pressure is initially to the downside today as the oil price is hampered by renewed dollar strength, but we would still be looking for a close below $60.85 to drive near-term direction". Read More

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Girl Scout cookie booth sales begin February 23

Girl Scout cookie booth sales begin February 23

The girl scouts of Central California are gearing up for National Girl Scout Cookie Weekend where they partner up with five local eateries to sell, sell, sell. Girl Scouts-Dakota Horizons will join the nation's other Girl Scout councils to participate in National Girl Scout Cookie Weekend on Friday and Saturday. Read More

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Chesapeake Energy shares jump on results beat

Nevro Corp. (NYSE:NVRO) has risen 14.69% since February 21, 2017 and is uptrending. Chesapeake Energy Corp (NYSE: CHK)'s price sits -28.07% off from its SMA 50 of $3.6 and -37.74% away from the SMA 200 which is at $3.85. portfolio. Legal And General Group Inc Public Ltd holds 0.01% or 2.46 million shares in its portfolio. (NYSE: CHK ) opened at $2.77 on Wednesday. Fort Washington Investment Advisors Inc, which manages about $44.90B and $6.46 billion US Long portfolio, upped its stake in ... Read More

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Wade GW & Inc. Increases Position in The Coca-Cola Co (NYSE:KO)

Wade GW & Inc. Increases Position in The Coca-Cola Co (NYSE:KO)

When the price over the last 200 days is moving with increasing trend, look for buy opportunities and when it shows decreasing trend the price is below the last 200 days, look for sell opportunities. It worsened, as 48 investors sold The Coca-Cola Company shares while 641 reduced holdings. 0 funds opened positions while 1 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. Read More

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Another 200 Toys 'R' Us Stores To Close, Report Says

Another 200 Toys 'R' Us Stores To Close, Report Says

This would come after a bankruptcy court reversed course and approved hefty bonuses for top-level executives for meeting certain earnings benchmarks. There's no word yet on which stores will be affected by the latest round of closures. The latest wave of closings would cut almost in half the number of USA stores it had before its bankruptcy filing, the people said. It filed for bankruptcy in September 2017, and executives have said they plan to emerge as a more modern retailer before the ... Read More

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Hot Stock for Investors: First Industrial Realty Trust Inc. (FR)

It has underperformed by 2.72% the S&P500. They now have a $12.00 price target on the stock, up previously from $12.50. The company has an Average True Range (ATR) value of 1.66, while a Beta Value of 0.91. $546,792 worth of CA, Inc. Volumes indicate how many shares are bought and sold over a given period of time. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range. Read More

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Barclays reports rise in annual profits

Barclays reports rise in annual profits

Barclays was the worst-performing bank in the FTSE 100 index in 2017, falling 9% on concerns about both its investment bank and its legal and regulatory troubles. However, that beat a decline estimated by UBS Group AG and the average 25 percent drop in markets revenue posted by Wall Street firms. Adjusted profits were slightly below consensus, noted analyst Gary Greenwood at Shore Capital, though he said the core tier 1 ratio is stronger than expected and the announced dividend of 6.5p per ... Read More

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Canadians split on who to blame in BC-Alberta pipeline spat

Canadians split on who to blame in BC-Alberta pipeline spat

Of the 2,501 Canadians polled, 30 per cent said they "moderately support" the project. "That sounds like a cliche but in this case its actually true, Canadians are evenly divided". The Alberta Government also placed full page ads in five British Columbia newspapers on Wednesday. "We used to be so close", read the main headline below a map of Canada, which featured B.C. Read More

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KFC closes hundreds of United Kingdom stores after huge chicken shortages

KFC closes hundreds of United Kingdom stores after huge chicken shortages

KFC said it is doing all it can to "avoid" food wastage and DHL said it was working to tackle the problem. DHL are scratching around for any work they can get, and undercut them. However, 80% of KFC outlets are run on a franchise basis. "The KFC case highlights the importance of transportation and logistics operations, which are frequently and unfairly regarded by many companies as non-value adding". Read More

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Unemployment on the rise as wages continue to lag

Unemployment on the rise as wages continue to lag

The rate was forecast to remain at 4 percent. The number in unemployment rose by 46,000 to 1.47 million compared the previous three months. "This change is within the LFS error margin". Job vacancies were up by 24,000 to a record 823,000. "Earnings continue to grow more slowly than prices". UK-wide, the quarterly increase in unemployment was 0.1 per cent. Read More

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Fed Minutes: More Interest Rate Hikes Incoming

Fed Minutes: More Interest Rate Hikes Incoming

US central bankers estimated economic growth at 2.5 percent for 2018 in December. A number of participants in the meeting said they had upped their growth forecasts since the month before, in light of "the strength of recent data on economic activity in the United States and abroad", and the prospect that U.S. Read More

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Broadcom Trims Its Offer For Qualcomm After NXP Deal

Broadcom Trims Its Offer For Qualcomm After NXP Deal

It has outperformed by 99.41% the S&P500. The company is also projecting adjusted FYH18 net income of around $3.05 per share on about $3.2 billion in revenue. GenMark Diagnostics, Inc., a molecular diagnostics company, develops and commercializes molecular tests based on its proprietary eSensor electrochemical detection technology. Read More

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Home Depot 4Q profit rides strong home improvement market

UBS Group restated a "buy" rating and set a $186.00 target price (up from $175.00) on shares of Home Depot in a research report on Wednesday, November 15th. Citigroup maintained the shares of HD in report on Thursday, November 16 with "Buy" rating. FBR Capital maintained the shares of CMA in report on Monday, December 4 with "Buy" rating. Read More

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Uber food delivery driver who killed customer turns himself in to police

Ryan Thornton died soon after at Grady Memorial Hospital. The alleged shooter was still on the run from police early this morning. The driver is said to have fled in a white Volkswagen. "I'm about to get in an Uber right now", said Bolton. Uber prohibits drivers from carrying guns, but it's unclear how the company is enforcing this policy, and whether it conducts any random checks. Read More

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Rite Aid, Albertsons plan $24B merger

Rite Aid, Albertsons plan $24B merger

The new joint Albertsons-Rite Aid venture, which is not yet named, will include some 4,900 locations in 38 states and Washington, D.C. Morgan Stanley, a New York-based fund reported 2.44 million shares. With Albertons' e-commerce capabilities at its disposal, Rite Aid could become an online shopping destination for food and other products. The stock of Rite Aid Corporation (NYSE:RAD) has " Hold " rating given on Friday , September 29 by Loop Capital. Read More

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All KFC restaurants in the district remain closed

All KFC restaurants in the district remain closed

Originally, their branches at Westcroft and Stacey Bushes had remained open, but the two restaurants no longer appeared on KFC's list of open shops in the United Kingdom as of 9pm on Monday. "KFC's bird-brained decision has caused untold misery to customers, to Bidvest workers and restaurant staff who are not being paid", Mick Rix, the national officer ofthe British trade union GMB said in a statement. Read More

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'RBI failure', says government on PNB scam

'RBI failure', says government on PNB scam

The scam kicked off in 2011 and was detected in the third week of January this year, after which the PNB officials filed a complaint with the CBI on January 31. Gokulnath Shetty admitted to unauthorised access to a Level-5 password - the key for SWIFT software used to issue Letters of Undertaking. On the over Rs 11,000-crore loss claimed by the PNB in the FIR, Modi said , "As you are aware, this is entirely incorrect and the liability of the Nirav Modi Group is substantially less". Read More

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Man's excessive flatulence in flight forces airplane to make unexpected landing

Man's excessive flatulence in flight forces airplane to make unexpected landing

A Transavia Airlines flight HV6902 from Dubai to Amsterdam was forced to land and four passengers were escorted from the plane by local police, after one passenger refused to stop farting, according to global reports. In another twist, the women are now taking the budget airline to court after being removed from the flight, as they claimed they were humiliated and had nothing to do with the fight. Read More

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