Economy

Volkswagen Group achieves record sales in 2017

Volkswagen Group achieves record sales in 2017 Demand for new cars rose in all major European Union markets except in Brexit-affected Britain, where sales fell by 5.7 percent year-on-year, the first annual decline in six years. Deliveries across North America meanwhile increased by four per cent to 976,400 units, and in the Asia-Pacific region up 4.3 per cent to 4.5m. Volkswagen revealed sales figures exclusively for its VW branded vehicles ... [Full Article...]

Revenue up at Penney's owner on record sales

Revenue up at Penney's owner on record sales In its trading update, the company noted that sales growth was delivered by all of its businesses, other than the expected reduction in Sugar revenue, and their combined revenue was 6% ahead at constant currency. Ingredients sales also rose 4%, with AB Agriculture 13% up on a year ago. In the FTSE 250, postal service Royal Mail said it had a good performance over the Christmas period, with ... [Full Article...]

Kevin Spacey Investigated for 3rd Alleged Sexual Assault in London

Kevin Spacey Investigated for 3rd Alleged Sexual Assault in London The Met is already investigating two other sexual assault allegations against the " House of Cards " actor in London. The two-time Oscar victor has been the subject of multiple accusations of sexual misconduct, assault and harassment over the past month or so. [Full Article...]

Fiat Chrysler Recalls Nearly 1.8M Trucks For Shifter Problem

Fiat Chrysler Recalls Nearly 1.8M Trucks For Shifter Problem Fiat Chrysler also said that all its model-year trucks for 2017 built after December 31, 2016 were not included in this recall. Reuters reported that lawyers for Fiat Chrysler Automobiles NV and owners of the automaker's diesel-powered vehicles are in settlement talks over allegations of excess diesel emissions, a court-appointed adviser said. [Full Article...]

(JPM) Given "Outperform" Rating at Credit Suisse Group

Iguana Healthcare Management Llc who had been investing in Aetna Inc New for a number of months, seems to be less bullish one the $60.22B market cap company. Citigroup invested in 6,739 shares. Pictet Asset owns 472,096 shares or 0.21% of their U.S. portfolio. Employees Retirement Of Texas stated it has 0.04% of its portfolio in Duke Energy Corporation ( NYSE :DUK). [Full Article...]

Include petroleum products, real estate in GST ambit

Include petroleum products, real estate in GST ambit Criticisng the Goods and Services Tax ( GST ) in the present form, the Congress leader said, "The flaws came in the GST as it was done in a hush-and-hurry". Finance minister Arun Jaitley will hold key GST meeting on 18 January amidst an ongoing rally in fuel prices and renewed calls to the government to cut excise duty to cushion burden on common man. [Full Article...]

Growth in American economy hits two-year high

Growth in American economy hits two-year high Weather was also likely a factor in decelerating nonresidential fixed investment spending, which softened from an annualized 6.7 percent growth rate in the second quarter to 4.7 percent in the third quarter. That was off from a contribution of 2.24 percentage points in the second quarter, but a fair share of that easing coming from pullbacks related to recent hurricanes. [Full Article...]

Bank of Canada raises interest rate again

Bank of Canada raises interest rate again Another hike, let alone two or three, is hardly baked in the cake. This is the third time in six months that the Canadian central bank raised its benchmark rate after the Canadian economy is improving. Money markets expect a rate increase on Wednesday and at least two more by the end of the year. The bank did confirm what the experts had been saying, and suggested that this won't be the last r... [Full Article...]

Dominion Energy Midstream Partners (DM) Downgraded by Zacks Investment Research to "Sell"

The stock increased 0.27% or $0.16 during the last trading session, reaching $59.16. It has underperformed by 5.82% the S&P500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . [Full Article...]

Set Sail With Penn National Gaming, Inc. (PENN), Actuant Corporation (ATU)

Set Sail With Penn National Gaming, Inc. (PENN), Actuant Corporation (ATU) These shares are worth $2,757,700 and were traded at $25.07 each. Arrowstreet Capital Limited Partnership now owns 551,890 shares of the company's stock valued at $11,810,000 after buying an additional 424,090 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Penn National Gaming by 331.8% during the 2nd quarter. Qs Investors Limited L... [Full Article...]

Amazon Music Unlimited is getting even more unlimited

Amazon Music Unlimited is getting even more unlimited Amazon's local launch for its Alexa system will include three products, essentially ranging from small to medium to full-sized, sporting the tiny and flat Echo Dot , the regular cylinder that is the Echo , and the taller Echo Plus , and while the sound technology differs between them, all three work as a hands-free voice controlled smart speaker that can also work through Bluetooth. [Full Article...]

Goldman's connoisseur-president bilked of $1.2 million in rare wine

Goldman's connoisseur-president bilked of $1.2 million in rare wine According to the indictment, DeMeyer stole hundreds of bottles of wine worth over $1.2 million from 2014 to late 2016. A spokesman for Goldman Sachs identified the executive as David Solomon, the firm's president and co-chief operating officer. [Full Article...]

Jefferies Group Comments on Kinder Morgan Inc's Q4 2017 Earnings (KMI)

Jefferies Group Comments on Kinder Morgan Inc's Q4 2017 Earnings (KMI) Anderson Hoagland & Co who had been investing in Facebook for a number of months, seems to be bullish on the $516.07 billion market cap company. The stock decreased 1.43% or $0.32 during the last trading session, reaching $22.1. Therefore 89% are positive. Carrs Group Plc had 31 analyst reports since November 9, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Monday, December 1... [Full Article...]

Intentions Seeker Stock: Tetra Technologies (TTI)

The firm offers infrastructure, engineering, and support services, including site selection, design, water resources, transportation, structural engineering, land development, surveying, power delivery, building code compliance, and other service areas; and construction quality assurance services, such as construction materials testing and engineering, geotechnical engineering and consulting, and ... [Full Article...]

Global carmakers to invest at least $90 billion in electric vehicles

Global carmakers to invest at least $90 billion in electric vehicles The auto maker has pledged to more than double the amount it is spending on electric vehicle development over the next couple of years. Moreover, Ford plans to use this huge funding boost in order to develop and market 40 electrified vehicles globally, including 16 fully battery electric-powered vehicles by 2022. [Full Article...]

Bank of America shares fall on Q4 Revenue miss

Bank of America shares fall on Q4 Revenue miss Lagging competitors in growth and not earning its cost of capital, Citigroup's share valuations have not kept up with peers, such as JPMorgan and Bank of America . The stock of NIKE, Inc. The firm has "Buy" rating given on Wednesday, January 11 by Societe Generale. RBC Capital Markets maintained the shares of BAC in report on Wednesday, April 5 with "Buy" rating. [Full Article...]

Trump, Senate Republicans Take Tax Reform Celebration to the White House Lawn

Trump, Senate Republicans Take Tax Reform Celebration to the White House Lawn Under congressional rules, the House and Senate must approve the same bills. The standard deduction used by around two-thirds of Americans will almost double to $24,000 for married couples. If achieved, that would drive up deficits even further. After passage Wednesday, Roberts said, "We have worked together to provide meaningful relief for taxpayers". [Full Article...]

Apple Contributions To The US Economy: New Campus, 20000 Jobs

Apple Contributions To The US Economy: New Campus, 20000 Jobs As has already been noted elsewhere , however, only the massive Cupertino spaceship is being referred to by Apple as a "campus", the same language used for the new proposed expansion. The public show of support also helps the optics of a company that still will continue to make most of its iPhones, iPads and other gadgets in factories in China and other faraway countries that offer cheaper ... [Full Article...]

Goldman Sachs Q4 Adj. Profit, Revenues Beat View

Goldman Sachs Q4 Adj. Profit, Revenues Beat View For the Current month, 7 analysts have assigned this stock as Buy where 9 assigned Outperform, 9 analysts believe it's a Hold, 1 said Underperform and only 1 assigned Sell rating. Most ($3.3 billion) was due to the cost tied to bringing cash in foreign subsidiaries back to the United States. Credit Suisse Group cut shares of Goldman Sachs Group from an "outperform" rating to a "neutral" rating... [Full Article...]

YELLOW WARNING: Preston warned to prepare for snow and ice

YELLOW WARNING: Preston warned to prepare for snow and ice A Met Office weather warning for sleet, snow and hail has been extended to the south coast, warning commuters to be careful on the roads this afternoon through to tomorrow morning. A message from Insp. An overturned vehicle on the Upper Ligoneil Road outside Belfast today. Check @trafficscotland before setting off on your journeys. [Full Article...]


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