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Regulators lift sanctions and approve Wells Fargo's 'living will' after revisions

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Chilton Capital Management LLC's holdings in Wells Fargo & Co were worth $17,586,000 as of its most recent filing with the SEC. The board's two newest directors, appointed in February, received 99% of the vote. Reasons for the massive issues Wells Fargo reported were the "distortion of the sales culture and management system in the unit that was at the heart of the scandal, as well as other organizational issues" (NPR). Read More »

Trump proposes dramatic tax cuts for companies big and small

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Lower rates for individuals and families will allow them to keep more of their hard-earned money and empower them to invest more in their future. "His tax outline is a wish-list for billionaires, trickle-down all over again - and guess who it is trickling all over?" The package is expected to hike the individual's standard deduction , providing modest cut for middle-income people and abridging the process of filing tax returns, as people briefed its details. Read More »

Allergan plc (NYSE:AGN) Jumps 1.47% in Early Trade

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It also upped Templeton Global Incm Fd (GIM) stake by 593,038 shares and now owns 1.91M shares. The company is expected to report earnings of $3.31 a share for the next quarter. Amortization expenses from continuing operations was US$1.74 billion, compared with US$1.59 billion in the year-ago quarter. On average, analysts anticipate that Allergan plc will post $16.05 earnings per share for the current year. Read More »

Trump congratulates Macron on 'big win' in French election

His party is changing its name to La Republique En Marche (Republic on the Move) as it prepares a list of candidates for next month's parliamentary elections . In other words, markets had rallied since Macron's preliminary victory on April 23 in anticipation of his win in Sunday's runoff, but now they're selling off following his actual triumph. Read More »

Emmanuel Macron Declared Next French President

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Prime Minister Theresa May also discussed Brexit with Macron , saying "the United Kingdom wants a strong partnership with a secure and prosperous European Union once we leave", the spokesman added. Minutes after his victory was called, Ms Le Pen phoned her opponent to congratulate him on his victory, telling a gathering of her supporters that the election result confirmed her National Front party and its far-right allies as France's opposition. Read More »

Kuwait- Oil prices forecast to settle at satisfactory levels

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Saudi Arabia and Russian Federation, in response to the surge in U.S. shale production, have signalled they intend to continue to extend the deal reached to cut production by 1.8 million barrels per day in November. In order to fuel a strong short-covering rally and in order to attract powerful speculative buyers, OPEC may have to agree to a 1-year deal and it may have to announce larger production cuts. Read More »

Earnings On Deck For Plug Power Inc

The Lower end of the earnings estimate is $-0.07, while the higher end of the earnings estimate is $-0.03. (NASDAQ: PLUG ) is 90.83%, 143.62% over the last quarter, and 54.73% for the past six months. PLUG's value Change from Open was at 7.01% with a Gap of 0.00%. TRADEMARK VIOLATION WARNING: This story was originally published by Markets Daily and is the property of of Markets Daily. Read More »

Buffett says health care costs hurt U.S. profits

He said Friday that Berkshire recently sold off one-third of its 81 million IBM shares because the investment hasn't performed as well as he expected. "In Buffett's annual letter in 2015, he gloated that 98% of shares voted were against the proposal, a result he interpreted as, "'Don't send us a dividend but instead reinvest all of the earnings, '" adding, "To have our fellow owners-large and small-be so in sync with our managerial philosophy is both remarkable and rewarding". Read More »

The 'Oracle of Omaha' Condemns Republican Health Care Bill At Berkshire Meeting

Berkshire holds about 133 million Apple shares, but Buffett says he looks at that more as a consumer products company instead of a technology company. Berkshire, a conglomerate that wholly owns Geico Insurance and other assets, has seen its share price double over the past five years. But for long time watchers of Buffett, perhaps the most tantalising point to emerge, was a stronger suggestion of a dividend - either by way of a cash payment or capital management. Read More »

Google CEO Sundar Pichai made almost $200 million in 2016

Google's ad revenue, which accounts for a lion's share of its business, rose 18.8 per cent to $21.41 billion in the first quarter. Alphabet CFO Ruth Porat during her earnings call said that revenues at YouTube continue growing at a substantial clip, which dispelled concerns over the possible impact from a boycott by advertisers of its video service. Read More »

United States ready for secondary sanctions, more punishments against NK

Secretary of State Rex Tillerson says "there's nearly no trust" between the USA and Russian Federation now. Since US President Donald Trump was sworn in January 20, North Korea has been high on its foreign policy agenda. According to Murphy, Tillerson called on ASEAN countries to fully implement U.N. sanctions on Pyongyang, which is working to develop a nuclear-tipped missile capable of reaching the United States , and to show a united front on the issue. Read More »

Duterte: South China Sea ruling not an issue for ASEAN summit

The Asean leaders in attendance were Myanmar state counselor Aung San Suu Kyi, Singapore Prime Minister Lee Hsien Loong, Thailand Prime Minister Prayuth Chan-ocha, Vietnam Prime Minister Nguyen Xuan Phuc, Laos Prime Minister Thongloun Sisoulith, Brunei Sultan Hassanal Bolkiah, Cambodia Prime Minister Hun Sen, Indonesia President Joko Widodo, and Malaysia Prime Minister Najib Razak. Read More »

Police called to restore order as fights erupt at Florida airport terminal

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According to reports, the cancellations come amid ongoing negotiations between the airline and its pilots association. Spirit has followed the incident up with a lawsuit in federal court over the pilots actions. "This has led to canceled flights and prevented our customers from taking their planned travel, all for the sole goal of influencing current labor negotiations". Read More »

Warning of tougher times for consumers after Easter sales boost

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Retail sales were 1.8% lower in March than in February, the Society of Motor Manufacturers and Traders said new auto sales were nearly 20% lower in April than a year earlier, while the Halifax said house prices in April - the start of the spring housebuying season - fell 0.1% and have now fallen £3,000 from the peak reached last December. Read More »

Sinclair to buy Tribune Media in $3.9 billion deal

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Sinclair already owns 139 TV stations and there has been speculation that, with the addition of Tribune's portfolio, it could launch a competitor to Fox News . Tribune's 42 TV properties in major markets, such as KTLA in Los Angeles and WPIX in NY. Regulations also prohibit any owner from running more than two stations in most markets. Read More »

(OXY) Position Boosted by Patriot Wealth Management Inc

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Finally, Mosaic Family Wealth LLC boosted its stake in shares of Occidental Petroleum by 4.3% in the third quarter. The fund owned 4,128 shares of the oil and gas producer's stock at the end of the first quarter. Occidental Petroleum's balance sheet and strong/growing dividend do provide some downside protection. "TRADEMARK VIOLATION WARNING: "[[title]]" was posted by [[site]] and is the property of of [[site]]. Read More »

Physicians Realty Trust (NYSE:DOC) Reviewed By Analysts

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In a report published by TD Securities on Friday, 5 May, Kinross Gold (TSE:K) had its TP raised to $5.50. Since December 7, 2016, it had 0 insider buys, and 2 insider sales for $4.35 million activity. Heartland Advisors holds 0.3% or 58,288 shares in its portfolio. Nbw Cap Lc, Massachusetts-based fund reported 43,743 shares. Among 3 analysts covering Acadia Realty Trust (NYSE:AKR), 1 have Buy rating, 0 Sell and 2 Hold. Read More »

Barcelona Celebrates 4-1 Victory Over Villarreal

Defending champions FC Barcelona and arch-rivals Real Madrid maintained their particular head-to-head in the Spanish La Liga football championship as both sides clinched wins which left them neck-and-neck in the title race. Neymar stopped the ball from going out of play, before he tricked his way past a Villarreal defender to set up a goal scoring opportunity. Elsewhere, Saul Niguez's strike ensured third-place Atletico Madrid beat Eibar 1-0 at the Vicente Calderon to edge closer ... Read More »

U.K. Accuses EU Chiefs of Meddling, Aggression to Skew Election

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Some EU countries "appear to think that for the EU to survive, Britain must fail", Hunt said on BBC television's "Andrew Marr Show". He added: "This question is now what sort of Brexit do we want and what sort of a country do we want to be in the future?" "This evening the Prime Minister spoke to President-elect Macron to warmly congratulate him on his election victory", a spokesman said, after centrist Macron triumphed over his far-right rival Marine Le Pen. Read More »

Tribune Media agrees to $3.9 billion sale to Sinclair

The $43.50 per share offer represents a 26 percent premium to the closing share price for Tribune on February 28, when media speculation about a possible transaction first gathered pace. Sinclair also gets cable network WGN America and a stake in the Food Network, a joint venture between Tribune and Scripps Network Interactive Inc SNI.O . Read More »

China's First Civilian Airliner - And Industry Ambitions - Take Maiden Flight

The C919 will carry "the will of the state, the dream of the Chinese nation and the expectations of the Chinese people", said Jin Zhuanglong, chairman of Commercial Aircraft Corporation of China (COMAC). The C919, which is expected to rival the Boeing 737 and Airbus 320, was originally scheduled to take to the skies in 2014, but the plan fell through due to some manufacturing issues. Read More »

House Financial Services Committee approves Dodd-Frank replacement bill

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Dodd-Frank has ripped away financial freedom, choice, and resources from millions of Americans-robbing them of access to affordable financial products and sticking them with more expensive credit cards and oppressive fees. Hensarling's bill was advanced after three days of debate within his committee. Democrats argued the bill would allow banks to make risky investments like those that triggered the 2008 economic crisis, in which taxpayers were required to rescue some of the country's ... Read More »

Congress Warns US Airlines to Improve Customer Service

An American Airlines exec is expected to face questions after this video of a flight attendant losing with it a passenger went viral. "We know we have some catching up to do", testified Kerry Philipovitch, senior vice president of customer experience at American Airlines. Read More »

Qantas CEO Alan Joyce just copped a pie to the face

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When he returned, he joked to the crowd: "Now, if there are any more pies, can you get it over with now?" Alan Joyce had a pie thrust in his face. "Obviously we were there for a serious event to talk about the Perth to London operation". Read More »

United Kingdom election: May seeks similarly 'strong mandate' to Macron

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Kazakh President Nursultan Nazarbayev also sent a cable to Macron saying he was confident that France would succeed under the new president's leadership. Macron's decisive win on Sunday over Marine Le Pen , who threatened to remove France from the common European market, eased concerns about European integration and was met with relief in financial markets. Read More »

Multi-billion-dollar arms deal with Saudi Arabia

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The president's first foreign trip is typically seen as a signal of the new administration's priorities. To date, Trump has left the foreign travel to his top aides and Cabinet members, including Vice President Mike Pence, who has been on two global trips so far, national security adviser H.R. Read More »

Capitals overwhelm Penguins 5-2 to force Game 7

Honestly, it was probably the best period of hockey the Capitals have played this entire postseason, and it wasn't just about getting more shots on goal but the right shots. EXPERIENCED BLUESHIRTS: New York is facing elimination for the first time in these playoffs on Tuesday at Madison Square Garden, and coach Alain Vigneault hopes the collective experience serves his team well. Read More »

James's Place plc (STJ) Price Target Raised to GBX 1205

They now have a GBP 48.00p price target on the stock. Carret Asset Management Llc sold 4,998 shares as Chevron Corp (CVX)'s stock rose 14.89%. About 192,909 shares traded. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has "Outperform" rating given on Thursday, September 3 by Telsey Advisory Group. The rating was maintained by Barclays Capital with "Overweight" on Friday, October 23. Read More »

Puerto Rico Bankruptcy Puts Pressure on California, Illinois, Connecticut

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Puerto Rico's decision to invoke Title III under PROMESA and initiate a court proceeding to restructure its debt marks a positive step for bondholders overall. However, given the existing disputes over relative priority of different bonds and collateral issued by various instrumentalities of the Commonwealth, the broad-ranging opinions on the viability of the Commonwealth's Certified Fiscal Plan , and a rocky coast line of other issues, including underfunded pensions, Title III appears to ... Read More »

SBI cuts home loan rates by 25 bps

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The reduction is 20 bps to 8.40% for male borrowers and 25 bps for women who are salaried borrowers. Over and above, an eligible home loan customer can also avail of an interest subsidy of Rs 2.67 lakh under the Pradhan Mantri Awas Yojana scheme. Read More »