Economy

Hertz Global Holdings, Inc Shares Plummet As Q1 Earnings Miss Badly

Suntrust Banks Inc. now owns 12,822 shares of the transportation company's stock valued at $224,000 after buying an additional 434 shares during the period. Hertz Global Holdings (NYSE: HTZ ) last released its earnings results on Monday, February 27th. Shares of Hertz Global Holdings ( HTZ ) are tumbling today after reporting a much larger-than-expected loss after yesterday's market close. Read More

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Patanjali notches Rs 10561 crore turnover

Patanjali notches Rs 10561 crore turnover

The group has a yearly turnover Rs 10,561 crore, out of which Ayurveda comprises Rs 9,346 crore, Divya Pharmacy Rs 870 crore, and Patanjali Gramodyog Rs 345 crore. He also said in a year or two, Patanjali would be the biggest brand in the country and would replace Chinese products sold in India. A jump from Rs 5000 crore revenues to Rs 10,216 crore in a year is no small feat, especially in the cut-throat FMCG sector. Read More

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ICICI Bank Q4 net up at Rs 2025 cr

ICICI Bank Q4 net up at Rs 2025 cr

Bank of Maharashtra, the first public sector bank to announce its results for the fourth quarter, postedhistoric loss Rs 455 crore, indicating that the troubles of such banks due to mounting bad loans are far from over. But Kochhar expressed confidence that the asset quality for the bank will be better in FY18 than the previous fiscal. They said, "Overall pool of stressed loans is showing signs of stability, and bulk of NPA recognition is happening from watch list and OSRL". Read More

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UFC creates 4th weight class for women, adding 125-pounders

UFC creates 4th weight class for women, adding 125-pounders

The announcement was met with praise by fellow women's fighters in the organization, including Lauren Murphy, who on Twitter expressed interest in competing in the upcoming season if the division becomes a reality. Tryouts for the show are now scheduled for Tuesday, May 23 at 8 A.M. PT in Las Vegas, Nevada. The promotion added a women's featherweight division to bantamweight and strawweight earlier this year. Read More

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U.S. Trade Deficit Narrows in March

U.S. Trade Deficit Narrows in March

Canada's trade deficit with the world narrowed in March to Can$135 million (US$98 million), as exports led by energy and consumer goods hit a record high, the government statistical agency said Thursday. The data help explain how trade ended up making a slight contribution to economic growth last quarter, while highlighting the sometimes under-appreciated role of services in the figures. Read More

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Secretary of Veterans Affairs visits Durham VA Friday

Secretary of Veterans Affairs visits Durham VA Friday

The executive order - Improving Accountability and Whistleblower Protections - will also create a task force to investigate fraud, waste and abuse in the department. "We're actually proactively reaching out to those veterans at highest risk of suicide", he said. "This is an example of why we need accountability legislation as soon as possible", Shulkin said in the release. Read More

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Cooper Tire (CTB) Q1 Earnings amp; Revenues Miss Estimates

Cooper Tire (CTB) Q1 Earnings amp; Revenues Miss Estimates

The combined effects of price increase and weak demand impacted Goodyear's first quarter, which saw operating and net income fall on relatively unchanged sales. Zacks Investment Research cut shares of Goodyear Tire & Rubber Co from a "buy" rating to a "hold" rating in a research note on Monday. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold. Read More

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Marissa Mayer will walk away from Yahoo with $186 million

Marissa Mayer will walk away from Yahoo with $186 million

Included in the figure is her golden parachute payout of $23 million, which largely consists of restricted stock. The amount is much higher than the $23m " golden parachute compensation" Yahoo detailed for Ms Mayer in March. With that having been said the CEO's payout consists of Yahoo stock, stock options and restricted stock units. Mayer and other top Yahoo executives won't be part of the newly formed Internet company envisioned by Verizon, which will be called Oath . Read More

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AT&T Continues to Lose Phone Subscribers

AT&T Continues to Lose Phone Subscribers

Consolidated revenues totaled $39.4 billion compared to $40.5 billion. Postpaid phone churn was at a record low of.90%. "In a very competitive quarter, we continued to execute on our goals of driving efficiencies in our business while growing adjusted earnings per share", said Randall Stephenson, AT&T Chairman and CEO, in a statement. Read More

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Hollande urges French to reject Le Pen in presidential run-off vote

Meanwhile, Fillon, head of the Republican party, who lost ground earlier on in the campaign after being implicated in a scandal allegedly arranging fictitious jobs for his wife, walked away with 19.9% of the votes. For Americans, Duhamel said it would have been the equivalent of Ross Perot beating then-incumbent U.S. President George H.W. Bush and Democratic nominee Bill Clinton in the 1992 election. Read More

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AkzoNobel PPG splashes out for third bid for Dutch paintmaker

AkzoNobel PPG splashes out for third bid for Dutch paintmaker

We are extending this one last invitation to you and the AkzoNobel boards to reconsider your stance and to engage with us on creating extraordinary value and benefits for all of AkzoNobel's stakeholders . "Our revised proposal represents a second increase in price along with significant and highly-specific commitments that we are confident AkzoNobel's stakeholders will find compelling", added McGarry. Read More

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Kevin Chappell birdies 72nd hole to win Valero Texas Open

Kevin Chappell birdies 72nd hole to win Valero Texas Open

I stayed patient and made a lot of putts". "There wasn't any question I was going to make 4 (birdie) and win the golf tournament". He chipped to two feet on the downwind, 318-yard 17th and had another tap-in birdie. Chappell, the 2008 national player of the year while at UCLA who tied for seventh with Rory McIlroy at the Masters last week, and he got his late charge going Saturday after leaving an eagle putt short at the par-5 14th. Read More

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Lawyer: United will save evidence in dragged passenger case

Lawyer: United will save evidence in dragged passenger case

Immediately following its recent crisis-in which a passenger was forcibly removed after refusing to give up his seat-the airline said that it needed the seats to accommodate its commuting crew members. According to video taken by passengers, Dao was repeatedly asked to get off the aircraft by law enforcement and told them they would have to drag him off the aircraft. Read More

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Wall St climbs as earnings gather pace; AmEx boosts Dow

Wall Street ended the week higher, shaking off worries over conflicts with North Korea and a five-day decline in crude, as a series of positive earnings from major S&P 500 companies kept investors in a buying mood. The stock jumped 6.7 percent to $50.11 after the No. 3 USA railroad operator's quarterly profit beat estimates. Revenue slipped 1% to $27.66 billion from $27.85 billion, but was above the FactSet consensus of $26.37 billion, as GE's power, renewable energy, oil-and-gas, aviation, ... Read More

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Ontario, Canada brings in foreign housing tax to cool market

Ontario, Canada brings in foreign housing tax to cool market

One thing officials did agree on was not to take any measures that would boost housing demand, Morneau said on April 18, adding that policymakers were also looking at steps to deal with speculation. But even Ma, who said only 5 to 8 percent of the 10,000 deals his 1,100 agents did previous year involved foreign investors, thinks it is time for the government to do something about the housing bubble. Read More

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AmEx Sales Drop 2% to $7.9B, Beat Estimates

AmEx Sales Drop 2% to $7.9B, Beat Estimates

There may be various price targets for a stock. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. One of the important differences between earnings-per-share growth rates and net-income growth rates is that the former reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases. Read More

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Morgan Stanley posts strong 1Q profit, helped by trading

Morgan Stanley posts strong 1Q profit, helped by trading

They set a "neutral" rating and a $46.00 price target for the company. It closed Tuesday at $41.21, in a 52-week range of $23.11 to $47.33. Morgan Stanley (NYSE:MS) reported first-quarter profit of $1.93 billion. Macquarie reiterated an "outperform" rating on shares of Morgan Stanley in a research note on Thursday, February 16th. Analysts had expected 90 cents a share. Read More

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Allen returning to Duke for senior season

Allen returning to Duke for senior season

He also dealt with disciplinary issues when he was suspended for multiple incidents of tripping opponents on the court. Allen averaged 14.5 points, good for third on the Blue Devils, as well as a team-best 3.5 assists. That nonconference finale in Greensboro, N.C., on December 21 became the third time Allen tripped an opponent that calendar year. Allen struggled to adjust to his new role as point guard and Duke never met its lofty expectations before falling to SC in the second round of ... Read More

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Dairy farmers worry about trade to Mexico

U.S dairy farmers already struggling with low milk prices worry President Donald Trump's talk of renegotiating the North American Free Trade Agreement could harm trade to Mexico, its biggest export market. House Speaker Paul Ryan was unable to attend because he's leading a congressional delegation on an overseas trip this week. "Now changes in Canada's pricing structure have slammed the door on dairy trade with the United States". Read More

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