Markets

The stock of TrueCar Inc (NASDAQ:TRUE) has "Equal-Weight" rating given on Monday, October 2 by Morgan Stanley. Stock in Focus: Kulicke and Soffa Industries, Inc . Creative Planning owns 7,382 shares or 0% of their United States portfolio. Sigma Invest Mngmt holds 10,319 shares. During the same quarter in the previous year, the firm earned $0.15 earnings per share.
  • Uber Hit With Another Sexual Assault Lawsuit

    Uber Hit With Another Sexual Assault Lawsuit

    Markets

    Another lawsuit was brought in 2015 by a women who was raped by an Uber driver in India . For a detailed account of Uber's background check policies, read the Recode piece. However, the case hinges on issues the ride-hail company, which is no stranger to legal battles, has long fought across the globe: Background checks and being treated like other for-hire companies.
  • EgyptAir signs $1.1 bln preliminary deal for 12 Bombardier CSeries jets

    Markets

    The aircraft are to be powered by Pratt & Whitney Geared Turbofans (GTF). The agreement announced at the Dubai Airshow includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft. The agreement makes good on the company's expectations that the Airbus deal will bolster confidence in the program and accelerate sales. Airbus has vowed to cut the aircraft's production costs and secure thousands of new orders for the plane, which Bombardier spent more than $6 billion to ...
  • Amazon sells off China cloud assets as tough new rules bite

    Amazon sells off China cloud assets as tough new rules bite

    Markets

    Thus, to comply with the Chinese law, it sold "certain physical infrastructure assets" to Sinnet, who has been operating the Amazon services since August 2016. AWS runs a separate hardware venture in collaboration with the Ningxia provincial government in China's northwest, according to Reuters . Apple, Facebook and Google have all made similar choices, some which show they are essentially selling out to China, a country with a lack of freedoms when it comes to the internet, the natural ...
  • IEA: Global Crude Demand to Endure Wave of Electric Cars

    IEA: Global Crude Demand to Endure Wave of Electric Cars

    Markets

    In what could come as grim news for officials attending global climate talks in Bonn, Germany, the IEA expects oil demand to keep rising until 2040. Overall global energy needs are seen rising more slowly than in the past, but are still projected to expand by 30 per cent between today and 2040. Canada could still play a role as China's long-held fears for its energy security means it would seek to diversify its sources of supply.
  • Advance Auto Parts, Inc. (AAP) stock forward in overbought space?

    Advance Auto Parts, Inc. (AAP) stock forward in overbought space?

    Markets

    Wells Fargo upgraded Whole Foods Market, Inc. As per Tuesday, September 15, the company rating was initiated by Jefferies. Royal Bank Of Canada dropped their price objective on shares of Advance Auto Parts from $125.00 to $102.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 16th.
  • S&P cuts Venezuela's sovereign debt rating to 'selective default'

    S&P cuts Venezuela's sovereign debt rating to 'selective default'

    Markets

    The 100 or so participants in Monday's meeting included bondholders from Venezuela , the United States, Panama, Britain, Colombia, Chile, Argentina, Japan and Argentina, the statement said. Most major investment funds skipped the Monday meeting with Mr. Separately, the Luxembourg Stock Exchange said it was halting trading of Venezuela's 2019 and 2024 bonds due to an "event of default".
  • China overtakes the USA in race for supercomputer dominance

    China overtakes the USA in race for supercomputer dominance

    Markets

    In fact, the drop is so severe that the US Department of Energy to doll out $258 million in grants to several tech companies to develop exascale systems, the next great leap in HPC. The rise of Gyoukou in the Top500 bumped the US systems Titan (built by Cray) and Sequoia (IBM) down a place, while seventh place was snatched by another Cray system, Trinity, which has recently been upgraded from 8.10 petaflops to 14.14 petaflops.
  • Credit Suisse fined $135m for NY forex investigation

    Credit Suisse fined $135m for NY forex investigation

    Markets

    The bank used an algorithm to engage in front-running - using non-public knowledge of an impending transaction - on limit and stop-loss orders from its customers. The company said it would record a pretax charge related to the settlement in its fiscal fourth quarter. Apparently, Credit Suisse utilized a range of measures that included chatroom cartels, anti-competitive business practices and software created to automatically swindle the Swiss banks own customers, the " New York Post " wrote ...
  • Amitabh Bachchan gets emotional, tweets pictures of his 'first and everything'

    Amitabh Bachchan gets emotional, tweets pictures of his 'first and everything'

    Markets

    Amitabh Bachchan did not celebrate his 75th birthday this year with a big bash, on account of the death of Aishwarya Rai Bachchan's father Krishnaraj Rai earlier in the year. "The joy of giving, the blessing of those that receive her and the additions to the family... welcomed with tradition folk songs and gaiety". Meanwhile, on the professional front, Aishwarya will soon be seen opposite Anil Kapoor and Rajkummar Rao in "Fanney Khan" which is slated to release next year.
  • Stock is down at $82.85 (LLY) Lilly Appoints Philip Johnson to Senior…

    Markets

    Fortinet Inc now has $6.95B valuation. The stock decreased 0.80% or $0.74 on November 10, reaching $92.24. It is down 9.86% since November 13, 2016 and is uptrending. Carderock Capital holds 56,760 shares. Resolution Capital Ltd owns 3.06 million shares or 8.57% of their U.S. portfolio. Institutional investors own 75.48% of the company's stock.
  • Rs 1400 crore unearthed during raids on Sasikala clan, Jaya TV

    Rs 1400 crore unearthed during raids on Sasikala clan, Jaya TV

    Markets

    Sources in I-T Department said hundreds of incriminating documents were seized, besides Rs 7 crore cash and jewellery worth approximately Rs 5 crore. Stating that Rs 30 crore of undisclosed income was "detected already", the Chennai-based official said a "lot more materials" are being looked into.
  • Canadian National Railway Company

    Markets

    The stock declined 0.61% or $0.59 reaching $96.92 on the news. About 68,386 shares traded. Canadian National Railway (USA) (NYSE:CNI) has risen 30.03% since November 13, 2016 and is uptrending. It has a 19.96 P/E ratio. Among 11 analysts covering STMicroelectronics ( NYSE:STM ), 6 have Buy rating , 2 Sell and 3 Hold. Therefore 63% are positive.
  • What Do Analysts Say About Colgate-Palmolive Co

    Markets

    The stock rose 0.16% or $0.07 reaching $42.72 per share. Willingdon Wealth Management raised its position in shares of Colgate-Palmolive by 1.1% in the second quarter. On Thursday, August 13 the stock rating was maintained by RBC Capital Markets with "Top Pick". The firm earned "Hold" rating on Wednesday, April 19 by Jefferies.
  • India's Bharti Airtel sells $508 million stake in tower arm Bharti Infratel

    India's Bharti Airtel sells $508 million stake in tower arm Bharti Infratel

    Markets

    Leading telecom operator, Bharti Airtel on Tuesday announced that it sold over 83 million shares of its tower arm Bharti Infratel , which are worth Rs. After the transaction, Bharti Airtel and its wholly owned subsidiaries have an equity holding of 53.51% in Bharti Infratel . J.P. Morgan, UBS and Goldman Sachs were joint placement agents for the transaction.
  • Newell Brands Inc. (NYSE:NWL) stock in focus

    Markets

    In terms of volatility, shares have been noted at 3.33% for the week, and 2.75% for the past month. Icon Advisers Inc sold 15,000 shares as the company's stock rose 13.21% with the market. Seven Bridges Advisors LLC purchased a new stake in Newell Rubbermaid during the second quarter valued at about $137,000. Let's have a look at some of the important valuation ratios of the Newell Brands Inc .
  • Insider CONKLE DON P sold 514 Shares Of CARBO Ceramics Inc. (CRR)

    Markets

    Carbo Ceramics had a negative return on equity of 15.58% and a negative net margin of 79.49%. The Somerville Kurt F holds 46,895 shares with $6.80 million value, down from 50,100 last quarter. The company was maintained on Thursday, September 10 by Howard Weil. (CRR) most recent 13F filing, the company has 21 new institutional holders - accounting for 2.04 million shares of its common stock.