News: Business

Latest News

Palestinian kills two Israelis in West Bank shooting: army
Palestinian kills two Israelis in West Bank shooting: army

A Palestinian shot dead two Israelis in the occupied West Bank on Thursday, the military said, after security forces killed two Palestinian murder suspects, stoking fears of wider violence. The army said the shooting at a bus stop near the Ofra settlement also wounded at least two other people, although a spokesperson was unable to confirm reports the assailant targeted Israeli soldiers. The Israeli army said it responded by encircling the West Bank city of Ramallah and sending in reinforcements.

The Latest: UN chief says Yemen warring sides agree to truce
The Latest: UN chief says Yemen warring sides agree to truce

RIMBO, Sweden (AP) - The Latest on the U.N.-sponsored Yemen peace talks that are wrapping up in Sweden (all times local):

UK
UK's Nissan Brexit letter still too confidential to release two years on: FOI

A British government letter to Nissan two years ago offering reassurances about Brexit, which helped secure a major investment from the Japanese carmaker, is still considered too sensitive to release, a Reuters freedom of information request revealed. Nissan announced in October 2016 that it would build its next generation Qashqai sports utility vehicle and a new X-Trail model at its north of England facility, in a major Brexit boost for Prime Minister Theresa May. A source told Reuters at the time that in the letter Britain promised Nissan extra support in the event that its departure from the European Union hit the competitiveness of the plant.

NATO to send Kiev signals equipment after latest Ukraine-Russia spat
NATO to send Kiev signals equipment after latest Ukraine-Russia spat

NATO will supply Ukraine's military with secure communication equipment this month, its head Jens Stoltenberg told President Petro Poroshenko at a meeting on Thursday called to discuss an escalation of Kiev's conflict with Moscow. Stoltenberg praised Ukraine's "calm and restraint" after Russia seized of three its naval vessels and their crew off Crimea last month. Part of a 40 million euros ($46 million) pledge by the Western military alliance to strengthen Ukraine's armed forces, Stoltenberg said the secure communications equipment would be delivered by the end of the year.

Now's the Time to Buy These Stocks
Now's the Time to Buy These Stocks

The world's leading lithium producer and a top water and natural gas utility are looking pretty attractive as 2018 draws to a close.

U.S. carrier Delta Air Lines issues 2019 profit forecast
U.S. carrier Delta Air Lines issues 2019 profit forecast

(Reuters) - U.S. carrier Delta Air Lines Inc on Thursday forecast 2019 profit to be in the range of between $6 per share and $7 share.

3 Stocks to Buy as Gifts This Holiday Season
3 Stocks to Buy as Gifts This Holiday Season

Wondering what to get your loved ones for the holidays? How about some stocks?

As protectors abandon Trump, investigation draws closer
As protectors abandon Trump, investigation draws closer

President Donald Trump has now been abandoned by two of his most powerful protectors, his longtime lawyer and the company that owns the National Enquirer tabloid, bringing a perilous investigation into his campaign one step closer to the Oval Office. Both Michael Cohen and American Media Inc. now say

Bear Market Hinders Coincheck
Bear Market Hinders Coincheck's Stabilization Effort after $530 Million Theft

The bear market that the crypto industry is facing has had a lot of adverse effects, with companies shutting down services and laying off staff members in their droves. Japanese cryptocurrency exchange Coincheck seems to be the latest company to feel the brunt of the dire crypto market state, according to reports from Nikkei Asian

Applied DNA Sciences: Fiscal 4Q Earnings Snapshot

The Stony Brook, New York-based company said it had a loss of 12 cents per share. The DNA-based security technology company posted revenue of $1.2 million in the period. For the year, the company reported ...

GE Surges as Biggest Bear Lifts Rating After Calling the Slump

General Electric climbed in pre-market trading as JPMorgan analyst Steve Tusa upgrades the company to neutral from underweight as the liabilities and "known unknowns" are better understood and reflected in the stock price. While the challenges remain the same -- the need to reduce debt and pension liabilities, restructure the power business and improve free cash flow -- an equity capital raise would help address the leverage issues and also protect the balance sheet from a potential downturn, Tusa wrote in a note Thursday. Still, he warned that a reset in free cash flow expectations may be necessary, even as it could provide a bottom for the stock.

China
China's auto sales in 2019 to roughly match 2018: industry association

BEIJING (Reuters) - China, the world's biggest car market, expects to sell 28 million vehicles in 2019, roughly level with 2018, its Association of Automobile Manufacturers said on Thursday.

Japan Post to invest $2.6 billion in U.S. insurer Aflac: source
Japan Post to invest $2.6 billion in U.S. insurer Aflac: source

Japan Post Holdings Co , is planning to invest about $2.6 billion in Aflac Inc , aiming to become the largest shareholder in the U.S. insurer, a person familiar with the matter said. Japan Post, a conglomerate that spans postal delivery, banking and insurance services, plans to initially acquire a 7 to 8 percent stake in Aflac for about 300 billion yen ($2.6 billion), said the person. Under the deal Japan Post can increase its stake to a maximum 20 percent in four years time, the person said.

Bombardier
Bombardier's venture in China gets $453 million state rail contract

(Reuters) - Canadian plane and train maker Bombardier Inc's Chinese joint venture said on Thursday it had won a $453 million contract to supply 168 high-speed train cars to state-owned China Railway Corp (CRC).

Sri Lanka top court rules parliament dissolution as illegal in setback for president
Sri Lanka top court rules parliament dissolution as illegal in setback for president

Sri Lanka's Supreme Court on Thursday ruled President Maithripala Sirisena's decision to dissolve parliament ahead of its term as illegal, in a setback for the embattled leader in his face off with an elected premier. Sirisena dissolved parliament on Nov. 9 and called a general election for Jan. 5 days after sacking Prime Minister Ranil Wickremesinghe and naming opposition leader Mahinda Rajapaksa to the post. "President can't dissolve parliament before four-and-half years," Supreme Court Judge Sisira de Abrew said.

EU court cuts Deutsche Telekom antitrust fine by a third
EU court cuts Deutsche Telekom antitrust fine by a third

Europe's largest telecoms provider and its Slovak Telekom unit were sanctioned by the European Commission in 2014 for squeezing out competitors by charging unfair wholesale prices in Slovakia. The two companies were given a joint fine of 38.84 million euros while Deutsche Telekom was also hit with an additional 31-million-euro penalty. "Deutsche Telekom's turnover is not capable of reflecting its individual conduct in the infringement at issue and ... it therefore could not serve as a basis for the calculation of an additional fine imposed on the latter," judges said.

Goldman Sachs, JPMorgan and others back risk management startup AccessFintech
Goldman Sachs, JPMorgan and others back risk management startup AccessFintech

Goldman Sachs Group Inc , JP Morgan Chase & Co , Citigroup Inc and Credit Suisse Group AG have invested $17.5 million in AccessFintech, a startup that sells technology to help financial firms better handle business errors, the companies said on Thursday. Israel-based AccessFintech has created a network that aggregates and helps resolve so-called business "exceptions", or errors that financial institutions make when carrying out business activities and that require interventions to be resolved. AccessFintech's technology will help reduce the time and resources needed to resolve these issues by helping financial institutions communicate with each other.

Brenham Capital Management and Brenner West Capital Partners Are Closing; Will These Stocks Drop?
Brenham Capital Management and Brenner West Capital Partners Are Closing; Will These Stocks Drop?

Investing is much like gambling, and it seems that the fortune can't stay with the same person for too long. Well, some ups and downs are expected and logical, but what happens when there are no more ups? This seems to be the recent story for many hedge funds who have been primarily investing in […]

Upgraded Broker Ratings Make These 5 Stocks Worth a Look Now
Upgraded Broker Ratings Make These 5 Stocks Worth a Look Now

Following what the majority of brokers are saying about a particular stock can help understand its potential. Hence, when a broker upgrades a stock, one can easily rely on it.

3 Smart Reasons to Take Social Security at Full Retirement Age
3 Smart Reasons to Take Social Security at Full Retirement Age

A middle-ground claiming approach could be a wise move.

Is Janus Henderson Global Life Science A (JFNAX) a Strong Mutual Fund Pick Right Now?
Is Janus Henderson Global Life Science A (JFNAX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for JFNAX

Is Baron Fifth Avenue Growth Retail (BFTHX) a Strong Mutual Fund Pick Right Now?
Is Baron Fifth Avenue Growth Retail (BFTHX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for BFTHX

Is American Century Mid Cap Value Investor (ACMVX) a Strong Mutual Fund Pick Right Now?
Is American Century Mid Cap Value Investor (ACMVX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for ACMVX

Is Boston Partners Small Cap Value II Institutional (BPSIX) a Strong Mutual Fund Pick Right Now?
Is Boston Partners Small Cap Value II Institutional (BPSIX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for BPSIX

Is VUSTX a Strong Bond Fund Right Now?
Is VUSTX a Strong Bond Fund Right Now?

MF Bond Report for VUSTX

Mobile Mini, Inc. (NASDAQ:MINI): How Much Money Comes Back To Investors?
Mobile Mini, Inc. (NASDAQ:MINI): How Much Money Comes Back To Investors?

Mobile Mini, Inc. (NASDAQ:MINI) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back Read More...

Trimble
Trimble's New Colt Sensor to Aid Scientists and Academics

Trimble (TRMB) strengthens product portfolio with the introduction of a colt sensor to aid scientists and researchers in conducting earth movement studies.

Over 70? You Have Until Dec. 31 to Avoid a 50% IRS Penalty
Over 70? You Have Until Dec. 31 to Avoid a 50% IRS Penalty

You definitely don't want to get this retirement savings move wrong.

Moving Average Crossover Alert: American Axle & Manufacturing Holdings
Moving Average Crossover Alert: American Axle & Manufacturing Holdings

American Axle & Manufacturing Holdings could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Will Cognizant Technology Solutions Corporation
Will Cognizant Technology Solutions Corporation's (NASDAQ:CTSH) Earnings Grow Over The Next Year?

Since Cognizant Technology Solutions Corporation (NASDAQ:CTSH) released its earnings in September 2018, analysts seem highly optimistic, as a 68% rise in profits is expected in the upcoming year, relative to Read More...

Airbus strategy review augurs clean break under new CEO
Airbus strategy review augurs clean break under new CEO

Airbus has launched a strategic review to outline changes under incoming chief executive Guillaume Faury as it faces industrial challenges and prepares for overdue modernization, industry sources said. The "Airbus Next Chapter" review involves a team of planners working outside the normal strategy organization in pursuit of a break from years of industrial problems, management feuds and an ongoing bribery scandal. It is being led by former investor relations chief Julie Kitcher in what one insider described as a signal to financial markets that profits will be embedded in strategy, as the once state-sponsored European project marks its 50th anniversary.

Why Shares of Valero Energy Fell 12.3% in November
Why Shares of Valero Energy Fell 12.3% in November

An October decision by the oil refiner may have hurt it in November.

What You Must Know About AB Fagerhult
What You Must Know About AB Fagerhult's (STO:FAG) Financial Strength

Investors are always looking for growth in small-cap stocks like AB Fagerhult (STO:FAG), with a market cap of kr7.9b. However, an important fact which most ignore is: how financially healthy Read More...

Moving Average Crossover Alert: Phibro Animal Health Corporation
Moving Average Crossover Alert: Phibro Animal Health Corporation

Phibro Animal Health Corporation could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

5 Stocks With Recent Price Strength to Enhance Your Return
5 Stocks With Recent Price Strength to Enhance Your Return

Investors target stocks that have been on a bullish run lately. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.

Financial Metrics For CNB Financial Corporation (NASDAQ:CCNE)
Financial Metrics For CNB Financial Corporation (NASDAQ:CCNE)

CNB Financial Corporation's (NASDAQ:CCNE) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a Read More...

Germany
Germany's Second Largest Stock Exchange is Launching a Zero-Fee Crypto Exchange

The second largest stock exchange in Germany, the Stuttgart Exchange Group and the banking institute SolarisBank are joining forces to create infrastructure for a zero-fee crypto exchange. While some digital currency fanatics welcome large banking establishments into the crypto-affray, others believe it goes against the decentralized nature of cryptocurrency. However, you cannot stop the market

Somali ex-militant running for regional presidency arrested, beaten: spokesman
Somali ex-militant running for regional presidency arrested, beaten: spokesman

A former Islamist militant in Somalia now running for a regional presidency, putting him at odds with the central government, has been arrested and beaten, precipitating street clashes, his spokesman said on Thursday. South West will be the first of Somalia's seven semi-autonomous regions to hold presidential elections in the coming months, a critical juncture in a growing power struggle between center and periphery in the aftermath of a long civil war. "Candidate Sheikh Mukhtar (Robow) was just beaten and arrested by Ethiopian (peacekeeping) forces in Baidoa now," said Muawiya Mudeey, a spokesman for Robow.

Hyatt (H) Expands Portfolio by Adding Hotel SOFIA Barcelona
Hyatt (H) Expands Portfolio by Adding Hotel SOFIA Barcelona

In a bid to strengthen its global footprint, Hyatt (H) has been extensively foraying its brands worldwide, including the Asia-Pacific, Europe, Africa, the Middle East and Latin America.

Is Activision Blizzard, Inc.
Is Activision Blizzard, Inc.'s (NASDAQ:ATVI) Liquidity Good Enough?

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Activision Blizzard, Inc. (NASDAQ:ATVI). With a market valuation of US$37b, ATVI is a Read More...

Vivo Energy plc (LON:VVO): The Yield That Matters The Most
Vivo Energy plc (LON:VVO): The Yield That Matters The Most

Two important questions to ask before you buy Vivo Energy plc (LON:VVO) is, how it makes money and how it spends its cash. What is left after investment, determines the Read More...

Franklin Electric Co., Inc. (NASDAQ:FELE)
Franklin Electric Co., Inc. (NASDAQ:FELE)'s Earnings Grew 2.4%, Is It Enough?

After looking at Franklin Electric Co., Inc.'s (NASDAQ:FELE) latest earnings announcement (30 September 2018), I found it useful to revisit the company's performance in the past couple of years and Read More...

Apple to build new $1 billion campus in Texas
Apple to build new $1 billion campus in Texas

The announcement follows a promise by Apple in January to invest $30 billion in the United States and comes as companies with major manufacturing operations outside America have been facing political pressure to ramp up investments at home. U.S. President Donald Trump has also warned of slapping tariffs

Apple to build new $1 billion campus in Texas
Apple to build new $1 billion campus in Texas

The announcement follows a promise by Apple in January to invest $30 billion in the United States and comes as companies with major manufacturing operations outside America have been facing political pressure to ramp up investments at home. U.S. President Donald Trump has also warned of slapping tariffs on iPhones and other Apple products imported from China, a major consumer market for the Cupertino, California-based company. The new 133-acre campus at Austin, already home to the second largest number of Apple employees outside Cupertino, will be located less than a mile away from Apple's existing facilities.

Hedge Funds Aren
Hedge Funds Aren't Crazy About SUPERVALU INC. (SVU) Anymore Despite Blockbuster Merger With United Natural Foods

Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]

HTC Exodus 1 Blockchain Smartphone Will Ship with Brave Browser
HTC Exodus 1 Blockchain Smartphone Will Ship with Brave Browser

The Exodus 1 is HTC's cryptocurrency and blockchain oriented phone. It's designed as a native blockchain mobile and to work securely with cryptocurrency and decentralized applications (dApps). Revealed in a recent tweet by co-founder Brendan Eich, who also developed the Firefox Mozilla browser, Brave will be HTC's default browser. We are very happy to have

IEA sees global oil supply tightening more quickly in 2019
IEA sees global oil supply tightening more quickly in 2019

The global oil market could move into deficit sooner than expected thanks to OPEC's output agreement with Russia and to Canada's decision to cut supply, the International Energy Agency said on Thursday. The Paris-based IEA kept its 2019 forecast for global oil demand growth at 1.4 million barrels per day, unchanged from its projection last month, and said it expected growth of 1.3 million bpd this year. Uncertainty over the global economy stemming from U.S.-China trade tensions could undermine oil consumption next year, as growth in supply gathers pace.

Should You Buy Arista Networks Inc (ANET)?
Should You Buy Arista Networks Inc (ANET)?

It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory "winners" by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]

Detained in China: Canadian businessman known for ties to North Korean leader
Detained in China: Canadian businessman known for ties to North Korean leader

Spavor, a business consultant with deep ties to North Korea, is being investigated on suspicion of endangering state security, Chinese state media reported. When North Korean leader Kim launched a bid to engage the world and attract international investment this year, Spavor was uniquely positioned to play a role. As one of the few Westerners with personal ties to the North Korea government and Kim himself, Spavor has been trying to drum up international interest in investing in North Korean economic projects, in anticipation of sanctions being eased amid warming ties.

Hedge Funds Are Crazy About AnaptysBio, Inc. (ANAB)
Hedge Funds Are Crazy About AnaptysBio, Inc. (ANAB)

The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As […]

Top News: Business

© Copyright Daily Magazine
facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.