Economy

United States appeals court overturns Libor convictions of two British bankers

Justice Department representatives did not immediately respond to requests for comment. Allen, Rabobank's former global head of liquidity and finance, and Conti, a former senior trader, were convicted of fixing Libor by a federal jury in NY in November 2015, in the first case of its kind to reach a courtroom in the US.

Johnson & Johnson's medical device sales set the Q2 pace

On a per-share basis, the New Brunswick, New Jersey-based company said it had net income of $1.40. And it expects sales of $75.8 billion to $76.1 billion, up from $75.4 billion to $76.1 billion. Last month, J&J closed its largest deal ever, a $30 billion acquisition of Swiss drug company Actelion. Gorsky said the new drug "represents a very significant opportunity going forward", and analysts at Berenberg have predicted that the drug - which costs around $58,000 per year roughly in line with ...

Nasdaq, S&P open at record highs

The Nasdaq posted its eighth consecutive session of gains, the longest streak since its 10-day string in February 2015. The S&P tech sector has been the best performing sector this year despite concerns about stretched valuations as investors look for growth sectors immune to policy uncertainties.

Bodyguard's Gun Linked to Shooting at Rapper's Little Rock Show

The bodyguard of rapper Finese2Tymes aka Ricky Hampton was arrested in Memphis and is facing charges in connection with two shootings. "The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Little Rock Field Office and the Little Rock Police Department in conjunction with ATF Memphis Field Office arrested Kentrell Gwynn on Federal firearms charges associated with the mass shooting at the Power Ultra Lounge located in Little Rock, Arkansas and the shooting incident that transpired ...

Markel Corporation (NYSE:MKL) Given Consensus Rating of "Hold" by Analysts

About shares traded. Markel Corporation (NYSE: MKL ) has declined 1.06% since July 19, 2016 and is downtrending. It has underperformed by 17.76% the S&P500. NVRO's SI was 5.48M shares in July as released by FINRA. Uss Inv Mgmt holds 0.31% or 152,772 shares in its portfolio. Quantbot Tech Limited Partnership reported 364 shares.

Former bank chairman found dead with gunshot wound

The body of Miguel Blesa, 69, who has links to senior members of Spain's governing Popular Party, was found beside a vehicle at a private estate in Villanueva del Rey in the southern province of Cordoba, a Guardia Civil police spokeswoman said.

Enhanced security begins today for US-bound flights

Passengers were gearing up for long wait times with the first phase of the new US security measures coming into effect today, however at least at Canadian airports this morning the security lineup wait times weren't any worse than usual. "Recently evaluated intelligence indicates terrorist groups continue to advance multiple efforts to target the aviation sector and are seeking ways to circumvent aviation security", the agency said on its website.

Wheaton Precious Metals Corp (SLW) Getting Somewhat Positive Media Coverage, Report Shows

The stock declined 0.61% or $0.12 reaching $19.45 on the news. Silver Wheaton Corp ( NYSE WPM ) traded up 0.57% during midday trading on Monday, hitting $19.57. Its up 0.08, from 0.77 in 2016Q3. It improved, as 13 investors sold TRNO shares while 36 reduced holdings. 128 funds opened positions while 266 raised stakes.

Kanye West 'The Life of Pablo' Lawsuit Defense Reportedly Revealed

And it will never be for sale. These tweaks are central plank to West's defense. Pablo has been a "living breathing changing creative expression" - a reference to another Kanye tweet - and "he has altered lyrics, changed vocals, added new beats, and remixed songs", the new document reads.

Diebold, Incorporated (DBD) Releases FY17 Earnings Guidance

Institutional investors have recently bought and sold shares of the company. Lapides Asset Management LLC increased its position in Diebold, by 4.2% in the first quarter. The dividend payment was $0.100 per share for the quarter or $0.40 on an annualized basis. The ex-dividend date is Wednesday, August 23rd. Next Fincl Grp Incorporated owns 1,169 shares for 0% of their portfolio.

NextEra Energy, Inc. (NYSE:NEE) Releases FY17 Earnings Guidance

As per Thursday, June 22, the company rating was maintained by BMO Capital Markets. The firm has "Buy" rating by UBS given on Tuesday, November 24. The rating was maintained by Canaccord Genuity on Friday, September 18 with "Hold". The institutional investor held 136,160 shares of the integrated oil company at the end of 2016Q4, valued at $6.83M, down from 153,465 at the end of the previous reported quarter.

Keefe Bruyette & Woods Cuts Rating On Goldman Sachs Group, Inc. (The) (GS)

The California-based Mogy Joel R Inv Counsel has invested 2.18% in Verizon Communications Inc. Institutional owners hold 80.90% stake in the company while Insiders ownership held at 1.30%. The third largest holder is State Street Corp, which now holds $5.24 billion worth of this stock and that ownership represents almost 5.91% of its market capitalization.

Bank of America Corporation (NYSE:BAC) Position Cut by Cumberland Partners Ltd

About 92,079 shares traded. It has underperformed by 10.78% the S&P500. Cumberland Partners Ltd lowered its stake in shares of Bank of America Corporation (NYSE: BAC ) by 17.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

TfL app will soon let you top up your Oyster

The upgrade has also significantly reduced the time it takes for the product to be ready to collect - from up to 24 hours to just 30 minutes. Later in the year it'll be possible to collect travelcards from the card reader terminals on the buses too, with a new TfL app coming in August to handle top-ups and ticket purchases from smartphones, view PAYG credit and loaded tickets, and ping out notifications should the balance reach a critical, you're-getting-done, level.

Insider Trading at Varian Medical Systems Inc.?

Swiss Comml Bank invested in 574,048 shares or 0.08% of the stock. Varian Medical Systems, Inc . has a one year low of $75.20 and a one year high of $107.08. The firm has "Neutral" rating by Suntrust Robinson given on Monday, August 29. Klingenstein Fields Co Ltd Liability Company holds 0.05% or 11,500 shares in its portfolio.

Omeros Corporation (OMER) Shares Bought by Bank of New York Mellon Corp

The firm has "Buy" rating by Cantor Fitzgerald given on Friday, June 3. The rating was maintained by WBB Securities on Tuesday, August 18 with "Strong Buy". Shares of Omeros Corporation (OMER ) are trading -21.29% downward from the 52-week high mark and 196.11% above from the fifty two-week low mark. Novartis AG (ADR) (NYSE:NVS) has risen 7.67% since July 13, 2016 and is uptrending.

The First Solar, Inc. (FSLR) Position Increased by Winslow Evans & Crocker Inc

About 10,132 shares traded. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since July 18, 2016 and is uptrending. It has outperformed by 40.33% the S&P500. Weaver C Barksdale Assoc has 0% invested in First Solar , Inc. (NASDAQ:FSLR). Amica Pension Fund Board Of Trustees has 3,028 shares for 0.01% of their portfolio.

Turkish PM changes 11 positions in cabinet reshuffle

Erdogan has complained of a "fatigue" within the ruling party, speaking of a need for rejuvenation. Fikri Isik, who served as defence minister since May 2016 was promoted to deputy prime minister along with justice minister Bekir Bozdag, Recep Akdag, former minister of health and Hakan Cavusoglu, another new name in the cabinet.

MA Has $314.13 Million Stake in Enterprise Products Partners LP (EPD)

M&T Bank Corp's holdings in Enterprise Products Partners L.P. were worth $27,683,000 at the end of the most recent quarter. A number of other hedge funds have also modified their holdings of EPD. 05/11/2016 - Sanford C. Bernstein began new coverage on Enterprise Products Partners L.P. giving the company a " rating. On Thursday, July 13 the stock rating was maintained by Stifel Nicolaus with "Buy".

State pension age increase from 67 to 68 brought forward

This brings the change forward seven years earlier than was initially planned. It will then rise to 67 between 2026 and 2028 and to 68 between 2044 and 2046. 'That's why Labour will leave the state pension age at 66, while we look again at the emerging evidence, with a view to guaranteeing a secure and healthy retirement for the many, not just the few'.

GSK mulls sale of Horlicks in the UK

The company, however, wants to keep the business in India where the brand is marketed as a nutritional drink to children and has enjoyed strong growth. That investment will be on top of the GBP275 million that GSK pledged to invest into this segment of the business past year, and builds on over GBP1.20 billion worth of investment since 2012.

Analysts See $0.59 EPS for Synovus Financial Corp. (SNV)

Keefe, Bruyette & Woods reaffirmed a "hold" rating and issued a $43.00 target price on shares of Synovus Financial Corp.in a research note on Friday, May 19th. "(SNV) Share Price" was first reported by Transcript Daily and is the sole property of of Transcript Daily. TRADEMARK VIOLATION NOTICE: "Analysts Set Synovus Financial Corp".

Monsoon session: SP leader demand pay hike for member of parliament

He said he went to one such prison and saw a small poem that compared Hindu gods to different kinds of alcohol. Pointing towards the treasury bench, Agarwal said these lines were written by "your people". Amid slogans of "maafi maango, maafi maango (apologise, apologise)", Chair adjourned the House for 10 minutes. Mr Gujral later proposed that since all members had yesterday promised to run the House smoothly, they should not clash over the issue and refer the matter to the privileges ...

Metro Lagos Lawmaker, Alimi Dies - 2-Weeks After 50th Birthday

The post Lagos lawmaker dies at 50 in LASUTH appeared first on Vanguard News . He was a second termer in the Assembly. A source who pleaded for anonymity said Alimi had been sick immediately he marked his 50th birthday two weeks ago and never recovered from the illness.

June Housing Starts Shoot Higher as Demand Remains Strong

Economists had expected the index to hold at the 67 originally reported for the previous month. The rate rose 9.2% year over year. Despite the bounceback, homebuilding has lost momentum after strong gains in both the fourth and first quarters.

Fan Creates Super Mario 64 Maker

Nintendo is happy enough with its own Super Mario Maker , but modder extraordinaire Kaze Emanuar figured, hey, we could probably do with a Super Mario 64 version as well. While level editors are hardly a new phenomenon, the release of Mario Maker for Wii U in 2015 did seem to trigger a wave of fan-built editors. Again, more information on the mod, like how to install it, is in the YouTube video's description box.

The SunCoke Energy (SXC) Given Daily Media Impact Score of 0.25

The stock was acquired at an average cost of $17.59 per share, with a total value of $529,459.00. 01/15/2015 - SunCoke Energy Partners, L.P. had its "buy" rating reiterated by analysts at Brean Capital. The ex-dividend date was Thursday the 11th of May 2017. SunCoke Energy Partners, L.P. has raised its dividend payment by an average of 26.9% annually over the last three years.

The Taubman Centers, Inc. (TCO) Downgraded by BidaskClub to Hold

The company presently has an average rating of "Hold" and a consensus price target of $76.89. Finally, ValuEngine raised shares of Taubman Centers from a "hold" rating to a "buy" rating in a report on Tuesday, May 16th. (NYSE TCO) traded up 0.95% during trading on Monday, hitting $60.83. The firm has "Hold" rating given on Monday, June 19 by Jefferies. The firm earned "Buy" rating on Wednesday, April 6 by Societe Generale.

The Alere Inc. (ALR) Downgraded by BidaskClub

Gamco Invsts Et Al has 0.09% invested in Alere Inc (NYSE: ALR ) for 380,545 shares. Finally, Alambic Investment Management L.P. boosted its stake in Alere by 48.1% in the first quarter. The hedge fund run by Sander Gerber held 361,113 shares of the in vitro & in vivo diagnostic substances company at the end of 2016Q4, valued at $14.07 million, up from 235,000 at the end of the previous reported quarter.

Mulayam Singh raises border issue, says China bigger threat than Pakistan

The former defence minister of the country told the Lok Sabha that Pakistan can not harm India. I have been cautioning the central government for years. "We should diplomatically protest it. Pakistan with China has adopted a strategy to infiltrate Kashmir, which is very unsafe", he said. On the ongoing standoff between China and India at Doklam, Yadav said that it is India's responsibility to protect Bhutan and Sikkim from foreign incursions.

Investors Buy High Volume of Wal-Mart Stores Call Options (WMT)

Bancorpsouth invested 0.22% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT). It has underperformed by 2.87% the S&P500. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock.

Sustainable North Sea cod wins Marine Stewardship Council's blue tick

The supply squeeze meant the majority of cod served in the United Kingdom had to come from foreign waters such as the Norwegian and Barents seas. Scottish and English cod boats have now passed an independent sustainability assessment by the MSC which allows their North Sea cod to carry the blue tick.

Drax profits go up in smoke as coal assets lose value

The company reported "unrealised losses related to foreign currency hedging of £65 million" as sterling started to recover against the dollar. Drax said its acquisitions of energy supplier Opus Energy and wood pellet facility LaSalle Bioenergy were completed and integrating well.

Boardwalk Pipeline Partners LP (NYSE:BWP) Receives News Sentiment Score of 0.40

About 79,740 shares traded. Bank of Montreal Can boosted its stake in Boardwalk Pipeline Partners L.P. (NYSE: BWP ) by 11.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. TheStreet raised shares of Boardwalk Pipeline Partners L.P. from a c+ rating to a b- rating in a research report on Thursday, March 9th. ValuEngine lowered shares of Boardwalk Pipeline Partners L.P.

IBM Reports 21st Straight Quarter of Diminishing Revenue

IBM has struggled over the past five years to grow revenues as it transitions from traditional business tools, like mainframes, to new fields like artificial intelligence, cybersecurity and cloud. IBM's chief financial officer Martin Schroeter also stated that the company's "cognitive cloud" - i.e. its cloud platform combined with cognitive computing system, Watson - will give it the upper hand over other cloud providers.