Economy

Pearson sells Penguin Random House stake for $1B

After the sale, Pearson will return about £300 million ($386 million) of surplus capital to shareholders through a share buyback while keeping a 25 per cent stake in the iconic book publisher, Pearson said in an emailed statement. As part of the sale agreement, Penguin Random House will undertake a recapitalisation of 2.0 times net debt to earnings before interest, tax, depreciation and amortisation, distributing dividends to both partners.

Amazon.com, Inc. (NASDAQ:AMZN) Rating Reiterated by Nomura

A number of other institutional investors also recently bought and sold shares of AMZN . Amazon.Com Inc now has $483.41B valuation. Insiders have sold a total of 1,013,380 shares of company stock worth $953,846,866 in the last quarter. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law.

Atthaya Thitikul makes history on Ladies European Tour

Ko was 14 years, 8 months old at that time, compared to Thitikul's 14 years, 4 months standing right now. But Atthaya Thitikul will still remain an amateur despite her heroics last Sunday. "I was nervous only on the first tee". "But I didn't think about the scores". Due to her amateur status, the top prize of 45,000 euros, however, went to second placed Ana Menendez of Mexico, who had led after each of the first three rounds and earned her career best finish.

Abercrombie & Fitch Ends Talks to Sell Itself

Analysts reviewing Abercrombie & Fitch Company have recently updated their recommended buy/sell ratings and price targets on the stock. Finally, Royal Bank of Canada set a $12.00 price objective on Abercrombie & Fitch Company and gave the stock a sell rating in a research report on Saturday, May 13th.

Trump Names New Fed Rules Chief As Rollback Moves Ahead

The White House and representatives for Quarles at his investment firm Cynosure Group did not immediately respond to CNBC's request for comment. Quarles is the first person to fill the role, which was created under the 2010 Dodd-Frank reform law to oversee the country's largest U.S.

Marks & Spencer improves clothing business performance as turnaround plan starts paying off

Meanwhile, the retailer's food business, where it is expanding its presence with the opening of more standalone Simply Food stores, saw overall revenues up strongly. He also announced M&S would start its summer sale today, a week later than a year ago and that terminal stock for the season was "significantly" down.

Russian lawyer promised Trump Jr damaging Clinton info

Citing three people with knowledge of the email , the Times reported that Rob Goldstone , who connected Trump Jr. with the Russian lawyer, sent the email to Trump Jr. Earlier Monday, the 39-year-old took to Twitter to defend earlier newspaper claims about the secret meeting with Russian lawyer Natalaia Veslnitskaya, which he denounced as a " big yawn ".

JC Penney's CFO Exits -- Stock Down 46% This Year

Elkfork Partners LLC purchased a new position in shares of J.C. Penney Company, Inc. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of J.C. While looking at the Stock's Performance, J. C. Penney Company, Inc. now shows a Weekly Performance of -1.94%, where Monthly Performance is -5.01%, Quarterly performance is -23.53%, 6 Months performance is -42.11% and yearly performance percentage is -46.28%.

USA stocks little changed; healthcare down, techs up

Investors will be looking at second-quarter earnings reports on Friday from big US banks including JPMorgan Chase JPM.N , Wells Fargo WFC .N and Citigroup C.N . The S&P 500 posted 27 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 81 new highs and 69 new lows. Declining issues outnumbered advancers on the New York Stock Exchange by 1,359 to 1,255.

Stock Jumping Abnormally High: Antero Resources Corporation (AR)

The stock rose 1.69% or $0.36 reaching $21.69 per share. About 3,540 shares traded. During the latest trading session Arena Pharmaceuticals, Inc. It has outperformed by 15.85% the S&P500. About 1.82 million shares traded. Castleark Mgmt Ltd reported 207,290 shares or 0.23% of all its holdings. On November 15 the company was changed to a "Buy" by Wunderlich which was a boost from the previous "Hold" rating.

QTS Realty Trust, Inc. (NYSE:QTS) Runs -1.73% For the Week

QTS Realty Trust Inc (NYSE:QTS) has declined 0.63% since July 10, 2016 and is downtrending. It has outperformed by 3.99% the S&P500. Therefore 0 are positive. Moreover, Gsa Capital Partners Llp has 0.04% invested in the company for 58,352 shares. Salient Trust Company Lta sold 8,200 shares as the company's stock declined 11.04% while stock markets rallied.

California to host Global Climate Action Summit in 2018

Speaking to over 12,000 environmental activists in Hamburg, California Gov. "Yes, I know President Trump is trying to get out of the Paris Agreement , but he doesn't speak for the rest of America", Brown says in a video message. The festival is organized with music groups like Coldplay to bring citizens together before the G-20 to help pressure governments to battle poverty and inequality, things that climate change will only worsen .

Sensex soars to all-time high of 31602.50; Nifty above 9700-mark

TCS climbed 4.7 percent ahead of its quarterly results due on July 13. The new high seen at the stock exchanges came on the back of higher global peers. Asian stocks rallied today, lifted by Wall Street's strong performance on Friday, while the U.S. dollar extended gains made after much stronger than expected June employment data.

Nnedi Okorafor's 'Who Fears Death' Is Being Made Into an HBO Series

DIASPORA-Nigerian-American science-fiction writer, Nnedi Okorafor's 2010 novel, Who Fears Death has been acquired by HBO and will be adapted into a television series, reports Brittle Paper . Who Fears Death is an African-based story that takes place in a fictionalized version of post-apocalyptic Sudan, where the country's class system is divided not only by race, but by tone of skin.

Elliott confirms it is considering bid for Oncor, challenging Berkshire

The hedge fund sued in bankruptcy court in May to halt a takeover bid by NextEra, although ultimately the Public Utility Commission of Texas blocked that offer. Elliott, known for its aggressive tactics including a 12-year battle over sovereign debt in Argentina, may also pursue strategies including litigation to block the deal, the people said.

What Do Analysts Suggest For Eldorado Gold Corporation (EGO)

Royal Bank of Canada set a $4.00 target price on shares of Eldorado Gold Corporation and gave the company a "buy" rating in a report on Monday, June 12th. ILLEGAL ACTIVITY NOTICE: "Jane Street Group LLC Purchases 1,061,847 Shares of Eldorado Gold Corporation (EGO )" was originally published by Markets Daily and is owned by of Markets Daily.

Man dies when air bag inflater ruptures during auto fix

Honda said a man died in June 2016 in Hialeah, Fla., when an inflator ruptured while he was working inside a 2001 Honda Accord using a hammer. It is the first death to involve a person who was not involved in a vehicle accident. Worldwide, 100 million of the Takata inflators have been recalled. "It's essential to safety that high-risk inflators are replaced immediately", the National Highway Traffic Safety Administration said in a statement.

Va. control room fumes lead to flight delays at DC-area airports

The fire department remained on the scene about 7:15 p.m.as it conducted a hazardous materials investigation, she said. BWI Airport tweeted that a ground stop is now in place along with a temporary air traffic management program. "We are actively working to fully ventilate the facility", FAA said. "Controllers are handling a reduced number of flights safely", FAA officials said in a statement.

Fight re-scoring shows Jeff Horn beat Manny Pacquiao

Ticket prices would likely be increased to make up for the smaller numbers of spectators. Promoter Dean Lonergan, from Duco Events, also suggested to The Courier Mail that the Brisbane Entertainment Centre would be a better choice than the open-air Suncorp, which would be too hot.

Lena Headey from Game of Thrones Opens Up About Postpartum Depression

He's kind of got the whole package and has a great team around him. Harington thought Sansa should take the Iron Throne , while her sister Ayra rules Winterfell and Jon returns to the Wall. " Game of Thrones " Season 7 premieres Sunday, July 16 on HBO. Turner told Buzzfeed she's interested in seeing some Game of Thrones prequel series , which would explain how all the warring houses formed and why they all hate each other so much.

Bull of the Day - Buy Delta Air Lines (DAL)

Utah Retirement Systems' holdings in Delta Air Lines were worth $6,224,000 as of its most recent filing with the SEC. The institutional investor owned 135,408 shares of the transportation company's stock after selling 5,700 shares during the period.

Germany's Siemens says Russian Federation sent turbines to Crimea

The German industrial giant Siemens says at least two gas turbines it has supplied to a Russian company have been illegally diverted to Crimea. Germany's Siemens AG says at least two gas turbines delivered to Russian Federation were re-routed to Crimea, in violation both of European sanctions and a contract with the company.

Controversial rule stops banks, others from blocking lawsuits

According to a CFPB study of 562 class actions, the average cash settlement was $32.35 per consumer, and class action litigation took an average of two or more years. Congressional Republicans have been using a '90s-era law known as the Congressional Review Act to roll back regulations issued in the final months of Obama's administration.

Opposition leaders likely to meet tomorrow on VP election

The war of words between the JD (U) and the Congress threatened the Grand Alliance government in Bihar, which includes the Congress and the RJD of Lalu Prasad. Reacting positively to the Congress gesture, JD (U) has hinted that it could side with the opposition in the August vice-presidential poll. JD (U) would support the united opposition's candidate in the vice-president election, provided it is invited and consulted, he said.

Miley's a vegan for life

The former Disney Channel star posted a picture of the tat alongside a drawing of the sunflower, which seems to come from the logo of The Vegan Society, a notable pro-veganism organization. Miley and her fiancé Liam Hemsworth are both vegan. We can guess which camp Miley is in-she's a serious animal lover, known for her devotion to her beloved dogs, a pet pig, and even a turtle.

Businessman proposes 'cheaper' Heathrow third runway

The developer believes that the new submission will save £6.7bn (US$8.6bn) when compared to the costs of Heathrow Airport Limited's (HAL) own plans, which were put forward by its Integrated Design Team (IDT) comprising Amec Foster Wheeler, Arup, Atkins, Grimshaw, Mott MacDonald, Jacobs and Quod.

SACP leaving alliance 'not a good idea', says ANC

The communist party has been at loggerheads with some in the ANC after it made calls for president of both the ANC and country Jacob Zuma to step down as the head of state. The week-long SACP national congress is expected to elect new leadership for the next five-year term, and also decide whether to contest elections for the first time as a stand-alone party.

Four lions escape from Kruger National Park

In May five lions escaped the park, launching a two day search for the animals. The predators were spotted at Matsulu, a village outside the park, causing panic among residents. The park, which covers an area of 7,523 sq miles and borders Zimbabwe and Mozambique, is home to about 1,500 lions. "We will continue with this search and use all the necessary resources at our disposal to locate them", said Johannes Nobunga, Chief Executive Officer of MTPA.

Analyst's Indicator Review for Synchrony Financial (SYF), Digital Ally (DGLY)

In the last reported quarter, Digital Ally Inc reported its Actual EPS ( earnings per share ) of $-0.36/share where most of the analysts working on this stock were estimating the EPS to be $-0.28/share. Over the past full-year, shares have performed 1.69%. Including today's unusual volume, ION Geophysical Corporation's stock is performing at -35.83% on the year.

New plan for a big utility merger

For the Current Quarter, the growth estimate for Great Plains Energy Incorporated is -20%, while for the Next Quarter the stock growth estimate is 2%. For the week, the stock is performing 0.17%. Equities analysts predict that Great Plains Energy will post $1.74 EPS for the current fiscal year. Shares of Great Plains Energy (NYSE GXP) traded up 2.26% during midday trading on Monday, reaching $29.91.

Nurse finds bomb on vehicle, police destroy explosive

Though the suspect had claimed that the intended victim was his "ex-lover", police said they are still trying to establish the motive. Selangor police Criminal Investigation Department chief Senior Assistant Commissioner Fadzil Ahmat said the man was arrested during a 3.30am raid at a house.

Hawaiian Telcom Holdco, Inc. (NASDAQ:HCOM) Touching New 52-week High

The firm's market cap is $340.19 million. The stock has seen a price of $28.86 according to a recent bid. The merger, which is subject to federal and state regulatory approvals and approval by Hawaiian Telcom's stockholders, is expected to close in the second half of next year.

Three Dead, 10 Missing as Floods Hit Niger State

The water also damaged vehicles. The District Police Officer in-charge of Division A Police Station in Suleja, Mr Mohammed Mohammed , said his men had visited the flood scene. "We got a call from our zonal coordinator, Mohammed Idris that there was a flood in Suleja". He said that more than 500 persons could have been displaced, even though Agency officials were still taking roll calls of tenants, while the inventory of landlords has been completed.

The Sears Holdings Corporation (SHLD) Given Daily News Sentiment Rating of 0.31

The company's stock has a normal trading capacity of 1.46M shares while the relative volume is 0.50. As Sears Holdings continues its "transformation", the retailer will close another 43 locations as the company "continues to focus on our best stores and return to profitability", said Eddie Lampert, chairman and CEO of the retailer.

BMO Capital Upgrades Rating On Juniper Networks, Inc. (JNPR) To "Outperform"

The stock was sold at an average price of $29.47, for a total value of $312,382.00. Standpoint Research upgraded Juniper Networks , Inc. (NYSE: JNPR ) earned "Buy" rating by Stifel Nicolaus on Monday, October 5. Meeder Asset Management stated it has 3,432 shares. Quantitative Management Ltd has invested 0.02% in Ferro Corporation (NYSE:FOE). Matarin Capital Management Llc increased Five Prime Therapeutics Inc.