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Warren Buffett criticises Wells Fargo, defends 3G at wide-ranging meeting

Asked if he had stopped buying Apple, Buffett said: "Maybe, may not". Vice chairman Munger reminded the meeting "you've got to remember railroads were a bad business for decades and decades and decades, and then they got good". "The parties hate each other so much, they both get quite irrational", Munger said. 'That is a problem this society is having trouble with and is going to have more trouble " added Buffett, who's previously funded Republican candidates but threw his support behind ... Read More »

Oil up on drop in US petroleum stocks, possible OPEC cut extension

OPEC on May 11 sharply raised its forecast for oil supply from non-member countries in 2017 as higher prices encourage US shale drillers to pump more, hampering OPEC efforts to clear a glut and support prices by cutting its output. The members of the Organization of the Petroleum Exporting Countries (OPEC) lean toward extending the deal on freezing the oil production level, Iraqi Oil Minister Jabbar al-Luaibi told. Read More »

Before the ax, Comey was pushing Trump-Russia probe harder

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In defending the decision, officials leaned heavily on a memo from Rosenstein, the deputy attorney general, that criticized Comey's handling of the Clinton investigation. "The FBI investigation into the Russian impact on the 2016 election must continue". The ranking Judiciary Committee member on Tuesday issued a milquetoast statement after the news. Read More »

Shares of Fossil (FOSL) Plummet 16% on Q1 Earnings, Revenue Miss

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The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. Several other analysts have also weighed in on the stock. Sales growth past 5 years was measured at 3.50%. The firm's revenue for the quarter was down 11.8% on a year-over-year basis. These results compare to net sales of about $660 million and earnings per share of $0.12 in the year-ago quarter. Read More »

European Airlines Hit by Possible Expansion of Laptop Ban

The electronics ban, which has been effective since March, has affected nine airlines on flights originating from Jordan, Qatar, Kuwait, Morocco, the United Arab Emirates, Saudi Arabia, Egypt and Turkey. A congresional official said it appeared that Homeland Securitiy was likely to expand the ban soon, but did not say when or to what airports. Olivier Jankovec, director general of airport trade association ACI Europe, said it was worrying that there appeared to be little coordination ... Read More »

Boeing halts test flights of new plane over engine issue

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The four aircraft Boeing 737 MAX flight test fleet and more than 15 production aircraft destined for customer delivery will now undergo thorough inspection before being cleared for flights. "If the engine issue is indeed a quality issue and not a design issue, then it is likely to have a minimal impact to BA", Richard Safran, an industry analyst at Buckingham Research said in a research note. Read More »

LIRR reporting delays due to signal problem

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Commuters will be in for another disruption at Penn Station "sometime next year", Wick Moorman, Amtrak's CEO, told a hearing held by New York State Lawmakers on Thursday morning. State Sen. Todd Kaminsky (D-Long Beach) started a petition last week to get Amtrak to give up management of Penn Station. Amtrak has acknowledged that the projects will require track closures and schedule changes for Amtrak, LIRR and NJT this summer. Read More »

Dakota Access pipeline leaked 84 gallons of oil in April

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Although state officials said the 6 April leak was contained and quickly cleaned, critics of the project said the spill, which occurred as the pipeline is in the final stages of preparing to transport oil, raises fresh concerns about the potential hazards to waterways and Native American sites. Read More »

'Massive' NAFTA changes needed: Trump's trade czar Lighthizer

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And "any agreement can be updated to reflect changes in all the various economies, and to correct unintended oversights" from the original deal, he said. He recommended that Canada and the United States make the existing Regulatory Cooperation Council a permanent body, which would work closely with industry to identify areas for harmonization. Read More »

Brokers Recommendations on: Kinross Gold Corporation (KGC)

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The lowest EPS estimate is ($0.01) and the highest is $0.03. Finally, Scotiabank reiterated a "sector perform" rating and issued a C$4.00 price objective on shares of Kinross Gold in a report on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Kinross Gold presently has an average rating of "Hold" and a consensus price target of $4.73. Read More »

UK Housing Market Momentum Continues To Ebb: RICS

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Overall 9% more respondents saw a drop in sales over the month (from -3%), which is the weakest reading since the aftermath of the referendum. Gail Hunter, Rics regional director for Scotland, said: "Feedback from surveyors suggests ongoing uncertainty surrounding the forthcoming general election and the terms of Brexit". Read More »

Medicare levy slug for NDIS worthwhile, PM

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This sounds impressive, but it won't be almost enough to keep up with the 3.5 to 4.0 million population growth expected to be added over this period, nor backfill the infrastructure deficit that has accumulated over the past 15 years as our population has soared. Read More »

Iraq, Algeria support extension of oil production cuts

For some, there's never been a better time to buy. However, as proof that the law of unintended consequences reigns supreme, the USA oil industry responded by increasing R&D budgets and finding new , and cheaper, alternatives to extracting shale oil. Read More »

Global leaders meet, seek stable Somalia

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British Prime Minster Theresa May and U.N. Secretary-General Antonio Guterres called for more support to counter Somalia's deadly drought, with the U.N. "Somalia remains a wounded country but it is in the process of being healed", he concluded. Worldwide leaders gathered in London on Thursday to thrash out agreements with Somalia aimed at stabilising the country under its new political leadership. Read More »

Average Brokerage Rating Of Dollar General Corporation (DG), Kaman Corporation (KAMN)

The average volume of a stock suggests the liquidity of a particular company. Citigroup has "Buy" rating and $60 target. The company was maintained on Monday, August 31 by Wood. It has underperformed by 3.74% the S&P500. Since December 13, 2016, it had 0 buys, and 1 insider sale for $592,178 activity. Kaman Corporation (KAMN ) now trades with a market capitalization of $1.43 Billion. Read More »

Actavis Generics Acquisition Drives Teva Pharmaceutical Industries Ltd. First-Quarter Sales Higher

Volatility of the stock was 2.32% for the week while for the month booked as 2.01%. Cardinal Capital Management raised its position in shares of Teva Pharmaceutical Industries by 4.4% in the third quarter. During the same period a year ago, the business earned $1.32 EPS. Teva Pharmaceutical Industries's revenue for the quarter was up 33.0% on a year-over-year basis. Read More »

Trump says he might release his taxes 'after I'm out of office'

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Maybe I'll release them after I'm finished because I'm very proud of them actually. Trump responded by saying it was an "interesting question", first answering "I doubt it", but then, later in the interview, saying he would "never consider it as part of a deal", according to a transcript posted at the Economist's website. Read More »

NAB exits Asia, sells private bank to Singapore's OCBC

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OCBC has been growing its private banking business steadily in recent years, and its wealth unit, Bank of Singapore was the seventh-largest in Asia-Pacific at the end of 2016, according to data from Asian Private Banker magazine, following its acquisition of Barclays' wealth unit early in 2016. Read More »

The Case for and Against Allergan plc (AGN)

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The business earned $3.86 billion during the quarter, compared to analyst estimates of $3.77 billion. Allergan plc had a return on equity of 7.21% and a net margin of 100.04%. Piper Jaffray Companies set a $205.00 target price on shares of Allergan plc and gave the stock a "hold" rating in a research note on Wednesday, February 22nd. Read More »

No need for special prosecutor on Russian Federation scandal: White House

If it were true that an FBI Director or the attorney general could not be trusted to investigate the Administration that appointed them, that would be an enormous problem that would transcend any current set of investigations. Comey was to testify in the Senate, with Mr. Comey learning of it from a TV screen, the official notice delivered by a longtime bodyguard for the president. Read More »

Factors to Note Before Buying Dean Foods Company (DF)

At present, 0 analysts call it Sell, while 4 think it is Hold. Alpha One also assigned news articles about the company an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the near future. Read More »

Advanced Micro Devices, Inc. Posted gains of 5.99% in the Last Trade

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Previously Advanced Micro Devices, Inc . Hedge funds and other institutional investors own 54.77% of the company's stock. (AMD) is 10.16 Billion. (NASDAQ: AMD ) was trading at volume less than average, prior 52-week high was $15.55 and surged 178.90% over the same period, trading at a volume of 48.45 million. Read More »

How Have Kohl's Corporation (KSS) EPS Outlook Changed?

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Company insiders own 6.60% of the company's stock. Institutional investors and hedge funds own 68.91% of the company's stock. A stock with a price that fluctuates wildly, hits new highs and lows or moves erratically is considered highly volatile. Read More »

Maersk's Unwanted Oil Unit Feeds Profit as Rest of Business Sags

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Freight rates mainly increased on East-West trades and especially from Asia to Europe while North-South trades were below past year. At 1140 GMT (7.40 a.m. "Focus on cost efficiency across all businesses remains high", noted Maersk in the report. Shares in the Danish conglomerate climbed nearly 5 percent after it said a gradual recovery in freight rates should boost earnings at Maersk Line , the world's biggest container shipping business, over the rest of the year. Read More »

Fallout from Trump's Dismissal of FBI Director

The position is now held by Andrew McCabe, top deputy to ex-FBI Director James Comey , who was sacked by President Donald Trump on Tuesday evening. "I have said to you before that, in times of turbulence, the American people should see the Federal Bureau of Investigation as a rock of competence, honesty, and independence", Comey wrote. Read More »

Karnataka PUC (Class 12) Results Declared, Website Crashes

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Around 8.5 lakh students took part in the KSEEB SSLC exam this time around. Students are expected to appear in great numbers this year compared to previous year. It will announce the date in the near future. During the deliberations, the minister instructed that the result would be announced on May 11. This year, SSLC 2017 result will be out at official website ie, karresults.nic.in. Read More »

China's first giant passenger jet is slated for maiden test flight

The jet's development is a key step on the path laid out by Chinese leaders to transform the country from the world's low-priced factory into a creator of profitable technology. "Seeing the C919 take off into the sky made me quite emotional", Wang Mingfeng, a witness to the test flight, told Reuters .com. Michel Merluzeau, director of Aerospace & Defence Market Analysis for AirInsightResearch in Seattle, was also impressed by the great efforts made by the Chinese government in accelerating ... Read More »

Oil price tumbles on fears of oversupply

USA crude ended the session 4.81 per cent lower at US$45.52 per barrel after falling as much as 5.29 per cent to an intraday bottom of US$45.29, the lowest since Nov 29. The concern over rising global supply and stubbornly high inventories effectively wiped out most of the gains made since OPEC announced its first supply cut in eight years. Read More »

Trump, top Russia envoy to meet at White House

Foreign Minister Sergey Lavrov's talks with Trump were already destined to be a closely watched affair, given the dire state of U.S. -Russian relations have deteriorated. Trump insisted that wasn't the case. Tillerson and Lavrov are meeting at the State Department, and then Lavrov heads to the White House to see President Donald Trump. Read More »

How Will Kate Spade Change Now That Coach Owns It?

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Coach Inc also notes that it is planning to have Kate Spade & Co continue to operate as its own brand after the acquisition. It plans to preserve Kate Spade's "brand independence" and retain key staff. He is banking on Kate Spade's appeal with millennials. Kate Spade can terminate the transaction if the company is offered a superior proposal from another suitor, and Coach can terminate the deal if Kate Spade's board no longer supports it. Read More »

Trump's plan to cut corporate tax would be profit tailwind

Buffett said late last week that Berkshire recently sold about one-third of those shares even as it built a huge stake in Apple Inc, which Buffett said is more as a "consumer" company than a technology company. The billionaire investor also heaped additional praise on Amazon.com founder Jeff Bezos after commending him over the weekend at Berkshire Hathaway's annual shareholders meeting . Read More »