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Snapchat parent company reports £1.7bn loss in first earnings report

You could use it with just one other person, if you wanted. "You have to get comfortable with the fact that people are going to copy you if you make great stuff", he said. During the earnings call Wednesday, Snapchat CEO Evan Spiegel shot down criticism over competition from Facebook , essentially calling the company an imitator. Read More »

Walt Disney Co (DIS) Rating Reiterated by Wells Fargo & Co


The company's last traded volume of 17.05 million shares was more it's an average volume of 5.57 million shares. As per Wednesday, August 5, the company rating was maintained by Guggenheim. During the same period in the prior year, the company earned $1.36 EPS. Covering sell-side analysts have recently weighed in on shares of Bristol-Myers Squibb Company (NYSE:BMY). Read More »

US likely to expand airline laptop ban to Europe

The Department of Homeland Security is close to making a decision on a wider ban as the busy summer transatlantic travel season looms, department spokesman David Lapan said. The airlines declined to comment, but an airline official said government officials suggested an expansion of the ban was expected soon but it wasn't certain when. Read More »

Nektar Therapeutics (NKTR) to Release Quarterly Earnings on Monday

SVP Pharma Dev & Mfg Ops, Hora Maninder, sold 180,000 common shares of Nektar Therapeutics (NKTR ) in the open market. Shell Asset Management Co. now owns 65,344 shares of the biopharmaceutical company's stock worth $1,123,000 after buying an additional 18,581 shares during the period. Read More »

India PM arrives in Sri Lanka for UN Buddhist celebration

During his two-day visit Modi participated in the United Nations celebration of Vesak or the day of birth, enlightenment and death of the Buddha. PM Modi's statement on Facebook w.r.t Sri Lanka visit as follows. Significantly, Wickaramansinghe and Pakistan Prime Minister Nawaz Sharif are the only two top leaders from South Asia to attend the conference in which India is yet to confirm its participation owing to its objections to the Dollars 46 billion China Pakistan Economic Corridor ... Read More »

4 things that went down at the Justin Bieber concert

Justin began his set at around 8 PM last night. "No matter who you are there is a "purpose" for you", said Bieber referring to the " Purpose World Tour " -his third worldwide tour in support of his studio album Purpose (2015). As a token of love, fashion designer Varun Bahl has gifted Canadian Pop singer Justin Bieber traditional Indian instruments, tabla and Sitar on his maiden visit to India. Read More »

Millennials CRUSHED by Snapchat Earnings Fail

The company reported that daily active users grew from 122m in the first quarter of 2016 to 166m in Q1 2017, which is a 36pc increase on past year. It's bad, but not unprecedented, reports the Los Angeles Times , noting Facebook stock fell 10% and Twitter stock fell 22% following the first quarterly earnings report after an IPO. Read More »

General Electric Company (GE) Downgraded to "Hold" at Vetr Inc

Sanford C. Bernstein reissued an "outperform" rating and set a $40.00 price target on shares of General Electric Company in a report on Tuesday, January 24th. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and global copyright laws. Read More »

Moon Seeks to Mend China Ties Over Thaad in Call With Xi


Moon likely figures he can avoid the former by accepting the later, though even here he insisted sanctions should only be used as a way to get North Korean officials to the bargaining table. Pyongyang's state-run Korean Central TV Broadcasting Station aired two pictures showing what were described as Thaad components installed at a golf course in South Korea's Seongju county during a talk show, Yonhap News Agency reported. Read More »

United States Steel's (X) "Buy" Rating Reiterated at Morgan Stanley

Caprock Inc owns 15,930 shares. X has been the topic of a number of other reports. AK Steel Holding Corporation (NYSE: AKS ) shares moved to $5.98 after opening the day at $5.85, on Wednesday. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. While in the same Quarter Previous year, the Actual EPS was $-0.31. Read More »

Earnings at the Forefront For IAMGOLD Corporation

The stock rose 0.13% or $0.01 reaching $3.77 per share. The Relative Volume of the company is 1.04 and Average Volume (3 months) is 9.1 million. The number of shares now held by investors is 1.05 Billion. HSBC upgraded the stock to "Hold" rating in Tuesday, November 24 report. IAMGOLD Corp ( TSE:IMG ) opened at 5.75 on Wednesday. The stock has a market cap of $1.91 billion, a PE ratio of 35.08 and a beta of -0.01. Read More »

South Korea recalls Hyundai cars, asks probe on cover-up


Twelve models including Avante, i30, Genesis and Sonata sedans and Tucson , Santa Fe and Sportage sport utility vehicles are subject to the recall. Moreover, Hyundai Motors (major shareholder in KIA Motors ) has announced additional investment in its existing unit at SIPCOT Irungattukkottai Industrial Park to the tune of Rs.5,000 crores. Read More »

FBR Capital reiterated Whiting Petroleum Corporation (NYSE:WLL) as 'Mkt Perform'

The stock notched a 12-month high of $13.12 while $19.00 target is by far the most aggressive out of analysts who are now evaluating the company, $5.88 higher than the next highest 52-week price estimate. The firm's revenue for the quarter was up 28.2% compared to the same quarter previous year. The business's quarterly revenue was up 28.2% on a year-over-year basis. Read More »

C919 jet set for maiden flight, in test of China's aviation ambitions

China is also building various runways across the country slated for test flights of the C919 - which is being targeted at commercially challenging the Boeing 737 and Airbus 320 - including Yaohu airport in Nanchang, Jiangxi province. With the takeoff, China's official Xinhua News Agency said the country had become "one of the world's top makers of jumbo aircraft", becoming the fourth jumbo jet producer after the U.S., Europe and Russian Federation. Read More »

Foreign property investors hit hard in Australian budget


Bank executives will also face tougher penalities for misconduct under a tough new new Banking Executive Accountability Regime, which will require all executives to be registered with the regulator. The Turnbull government's signature company tax cut will cost an eye-watering $65.4 billion over 10 years from July 1, 2017, the Prime Minister has confirmed, a more than $15 billion rise from the initial near $50 billion cost. Read More »

Macron and Le Pen seek to widen support ahead of legislative polls

Macron, the victor of Sunday's vote, is a political newcomer and will be the youngest president in France's history at 39 years old. "I'm aware of the anger, anxiety and doubts that a large proportion of you have also expressed. The 54-year-old centrist on the pro-business wing of the Socialists quit his premiership under outgoing President Francois Hollande last December but failed in his bid to clinch the Socialist nomination for president. Read More »

AAP junket row: Kapil Mishra begins 'Satyagraha'


As Mishra's fast progressed, a man from among the crowd slapped him in the evening, shouting: "He (Mishra) has betrayed the party". Kapil Mishra said that he would continue his hunger strike till his questions related to foreign trips by five top AAP leaders are not answered by the party. Read More »

Coach confirms acquisition of Kate Spade


Given the gap in brand awareness of Kate Spade relative to Coach , it is easy to see that the brand can grow significantly outside of the core U.S. Kate Spade said in February it was exploring strategic options, after hedge fund Caerus Investors urged the company to sell itself. Shares for the handbag and accessories maker surged 8.1% in pre-market trading on Monday, while Coach's stock was little changed. Read More »

Verizon wins bidding war with AT&T for Straight Path


The original version of this article can be read at (VZ) has an Average Brokerage Recommendation (ABR) of 2.72, according to data compiled by Zacks Investment Research. Straight Path said later that it received a bid from an unnamed bidder that Reuters reported was Verizon, citing sources. Read More »

US, China Trade Agreement Includes More Beef, LNG


The US has finally allowed the export of LNG to China "no less favourably than other non-FTA trade partners with regard to LNG export authorisations". "It could also support direct Chinese investment into liquefaction and upstream developments on United States soil", he said. It imported its first LNG from the US in late August 2016, when state-owned CNOOC received a cargo from the Sabine Pass export facility in the US Gulf of Mexico aboard the LNG carrier Maran Gas Apollonia, cFlow, S&P ... Read More »

Oil prices slide below $45 per barrel

Chinese iron ore futures fell nearly 7 per cent in Shanghai after tumbling 8 per cent on Thursday. and The Canadian dollar, the Australian dollar and Russia's rouble - some of the world's most commodity- sensitive currencies - were all sent spinning, falling respectively to 14-month, four-month and seven-week lows. Read More »

ArcelorMittal profits from rise in steel prices, shipments


ArcelorMittal ( MT ) recorded first-quarter net income of $1.00 billion, or $0.33 per share compared to a net loss of $416 million, or $0.23 per share, prior year. Iron ore shipments at market price in January-March rose to 8.7 MT from 7.8 MT in the same period previous year. Markets for the inputs into steel have been turbulent in recent months, with prices for iron ore spiking toward the end of last year before falling away this year, while the cost of coking coal more than doubled over ... Read More »

White House Postpones Paris Climate Agreement Meeting-Again

But the White House said no decision would be announced until after Trump returns from the G7 summit of leaders from the world's leading economies at the end of May in Sicily. Media reports have said the White House could hold a special meeting within days to discuss the future of the agreement clinched in 2015 after years of tough bartering. Read More »

Oil jumps on drop in United States petroleum stocks, possible OPEC cut extension

Top oil exporter Saudi Arabia said on Monday that it would "do whatever it takes" to rebalance a market that has been dogged by oversupply for more than two years. TOKYO: Oil futures rose in Asian trading on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC battles against rising USA output that is threatening to derail its attempts to end a sustained global glut in crude. Read More »

Cisco Systems Target of Unusually Large Options Trading (CSCO)


The stock appeared -1.05% below its 52-week highs and is up 4.22 % for the last five trades. Wellington Management Group LLP increased its position in Cisco Systems by 9.8% in the first quarter. 04/10/2017 - Cisco Systems, Inc. had its "buy" rating reiterated by analysts at Deutsche Bank. (NASDAQ: CSCO ). Kcg Holding stated it has 0.19% of its portfolio in Cisco Systems, Inc. Read More »

Magna International Inc. (MGA) Shares Gap Up Following Earnings Beat

TD Securities lowered Magna International from a "buy" rating to a "hold" rating and raised their price objective for the stock from $47.00 to $50.00 in a report on Friday, January 13th. (NYSE:MGA) stock may see increased volatility following the report. After a recent look, shares have been seen 2.65% from the 200-day moving average, and 1.71% from the 50-day moving average. Read More »

AstraZeneca shares boosted by lung cancer drug breakthrough


With AstraZeneca in active discussions with authorities to get regulatory approval for the drug, hopes will be raised over a successful launch will lead to the firm netting billions of dollars in sales. While shares in AstraZeneca were the biggest risers in the FSTE 100 this morning, shares in Entertainment One (LON:ETO) fell 0.7 percent after it announces news it would take a £47 million one-off charge to cover the cost of "reshaping" its film unit. Read More »

Recent Analysts Ratings Glu Mobile, Inc. (GLUU)

There is no concrete way to calculate a price target. Glu Mobile, Inc. (GLUU ) has been given an average price target of $2.66 from analysts, according to data collected by Finviz. Wedbush set a $2.00 target price on Glu Mobile and gave the stock a "hold" rating in a research note on Wednesday, February 8th. Shares are trading 16.23% above their 50-day moving average, and 16.93% below their 200-day moving average. Read More »

Boeing, Airbus Have Chinese Rival


With the flight, the official Xinhua News Agency said China had become "one of the world's top makers of jumbo aircraft", becoming the fourth large jet producer after the U.S., Europe and Russian Federation. In March, the Xinhua News Agency reported that its was technically ready for its first flight. The aircraft was given the go-ahead in April to begin a series of high-speed taxiing tests, the final step before its maiden flight. Read More »

Symantec Corporation (SYMC) — Trending Stock

Blue Ridge Capital Llc acquired 10.02 million shares as Whiting Pete Corp New (WLL)'s stock rose 34.90%. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Read More »

Cavs vs. Raptors Game 3: What We Learned

LeBron James scored 35 points as the Cleveland Cavaliers defeated the To-ronto Raptors 115-94 Friday (Saturday in Manila) to take a 3-0 stranglehold lead in their second-round National Basketball Association playoff series. LeBron James continued his strong postseason play as the Cavaliers used a strong fourth quarter run and held on for the win. James is just 200-odd points behind Jordan for the all-time record. Read More »