Economy

Treasury Kills Obama IRA Boondoggle, Cost Taxpayers $70M to Manage $34M

Treasury's action, which will end the program started in 2014, comes after a review of the program and its cost-effectiveness. Treasury said demand was low and the cost was high for the myRA program , which was rolled out nationwide in 2015 to provide an option for those without employer-based retirement plans.

Joey Barton has FA ban for breaching betting rules reduced

Hundreds were inside the building during the tragic and shocking incident and many survivors found themselves without a home. The former Burnley, Manchester City and QPR midfielder had his 18-month ban for breaching betting rules reduced by five months on Thursday but revealed his frustration at not being able to participate in the upcoming Game 4 Grenfell at Loftus Road.

Marathon Oil Corporation (MRO) Shares Bought by State Treasurer State of MI

IBM Retirement Fund purchased a new position in shares of Marathon Oil Corporation during the second quarter valued at $149,000. The Glenmede Trust Company Na holds 380,764 shares with $6.59M value, down from 432,071 last quarter. Marathon Petroleum Corporation has a dividend payout ratio of 51.8% indicating that its dividend is sufficiently covered by earnings. WARNING: This piece was reported by Transcript Daily and is the sole property of of Transcript Daily.

Chesapeake Energy Corporation Target of Unusually High Options Trading (CHK)

In that case, its shares would mark a 7.33% decline from the most recent price. The stock had a trading volume of 22,050,110 shares. Chesapeake Energy Corporation has a 52 week low of $4.38 and a 52 week high of $8.20. On Wednesday, January 27 the stock rating was maintained by RBC Capital Markets with "Outperform". Keefe Bruyette & Woods upgraded the shares of ARES in report on Friday, March 24 to "Outperform" rating.

Laurene Powell Jobs Taking Majority in The Atlantic

It is an investor in Axios, a media company started by the Politico co-founder Jim VandeHei and its former star reporter, Mike Allen, and in Pop-Up Magazine. Jobs, 53, calls The Atlantic "one of the country's most important and enduring journalistic institutions" reaching back 160 years when the magazine was founded by abolitionists including Ralph Waldo Emerson, Henry Wadsworth Longfellow, Oliver Wendell Holmes, and Harriet Beecher Stowe.

Brokerages Set Imperial Oil Ltd (IMO) PT at $45.60

The Downstream operations consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products. Among 8 analysts covering Imperial Oil (NYSEMKT:IMO), 2 have Buy rating, 3 Sell and 3 Hold. If you are viewing this report on another website, it was illegally stolen and republished in violation of USA and global trademark & copyright laws.

MAC Cosmetics Giving Away Free Lipstick For National Lipstick Day

There's no catch, but supplies are limited and lines are likely to be long early in the day, according to the company. Mac is the holy grail of lipsticks and anyone who's ever tried (and failed) to do not forget to keep and count six empties in exchange for a free lipstick will understand just how precious those magical pigmented crayons are.

Discover Financial Services (NYSE:DFS) To Report EPS of $1.45

Janus Capital Management LLC raised its stake in Discover Financial Services by 85.4% in the first quarter. The firm owned 20,269 shares of the financial services provider's stock after buying an additional 81 shares during the period. Discover Financial Services (NYSE:DFS) now has a trailing P/E of 10.32 while its forward P/E according to Thomson Reuters is 9.17. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters' ...

Starbucks Is Closing All Those Tea Shops You Never Go To

It added that the laid-off workers would be able to apply for roles at its namesake stores. In January, Starbucks said it planned to convert its three New York City Teavana locations into Starbucks stores. Starbucks employs more than 300,000 people in 75 countries. The company's membership program helps draw customers back to its stores by giving them free drinks if they make a certain number of purchases and sending them notifications to keep the brand on their minds.

Philip Morris International Inc (PM) Cut to "Hold" at Zacks Investment Research

The stock has a market cap of $182.71 billion, a P/E ratio of 26.07 and a beta of 0.94. The stock declined 0.35% or $0.41 reaching $117.78 on the news. Peoples Financial Services holds 0.37% or 5,920 shares in its portfolio. Amalgamated National Bank reported 6,262 shares. (NYSE:PM). Louisiana State Employees Retirement has invested 0.46% in Philip Morris International Inc.

Gutiérrez defeat could be 'career-ending' - Frampton

Known as The Jaguar, Gutierrez has only lost one of his 37 fights but he remains a relative novice on the worldwide stage. "If I'm not, I may lose this fight". But Frampton added: "It's a bit disrespectful". "He's a good fighter and I'll need to be on it but if you wanted to build the fighter that would be the best opponent for me, you'd build Andres Gutierrez - maybe with a little less punching power though!" When is Carl Frampton v Andres Gutierrez? The Northern Irishman has hit the ...

The Exxon Mobil Corporation (NYSE:XOM) Given Sell Rating at BNP Paribas

The stock declined 1.71% or $1.38 reaching $79.45 on the news. About 3,216 shares traded. Additionally Exxon Mobil Corporation recently announced a dividend for shareholders paid on Friday June 9th, 2017. Ntv Asset Management Llc holds 52,693 shares or 1.64% of its portfolio. Exxon Mobil has $104 highest and $52 lowest target. Gam Holding Ag reported 869,209 shares stake.

Traders Review: Taiwan Semiconductor Manufacturing (NYSE:TSM)

Renaissance Technologies LLC increased its stake in Semiconductor Manufacturing Int'l by 4.8% in the first quarter. 2 shares were traded on Taiwan Semiconductor Manufacturing Company Ltd.'s last session. The company also recently disclosed an annual dividend, which was paid on Thursday, July 20th. Shareholders of record on Wednesday, June 28th were given a $0.927 dividend.

United States economy accelerates during first full Trump quarter

The US economy grew by 2.6% in the second quarter boosted by consumer spending, according to official data published on Friday (28 July). Prices of US government debt rose after the release of the data while the dollar initially fell against a basket of currencies.

Gold futures rise after Fed's dovish statement

A weaker dollar makes gold less expensive for holders of foreign currency, while a rise in USA rates lifts the opportunity cost of holding non-yielding assets such as bullion. Gold is sensitive to moves higher in both USA rates and the dollar. The greenback was also weakened by data on Thursday showing that initial jobless claims rose by 10,000 to 244,000 last week.

TransCanada Corporation (NYSE:TRP) Closed 7.0% Above Its 50 Day Moving Average

Swiss National Bank bought 272,700 shares as the company's stock declined 2.34% while stock markets rallied. Miller Howard Investments Inc /ny added to its stake by buying 60,988 shares an increase of 44.5% as of 06/30/2017. This company shares are 7.13% off its target price of $55 and the current market capitalization stands at $44.58B. The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st.

Amazon beat revenue estimates but misses on profit in Q2

Amazon reported a 25 percent surge in revenues to Dollars 38.0 billion in the second quarter, compared with USD 30.4 billion a year earlier. Operations could generate a $400 million loss to a $300 million profit. Earlier in the day Amazon touched an all time high, enabling Bezos to briefly pass Bill Gates as world's richest person (at least on paper) according to Forbes' real time list of The World's Billionaires.

Thumbs-up from GrabCar and Uber

Amendments to recognise e-hailing services in the Land Public Transport Act 2010 and the Commercial Vehicles Licensing Board (CVLB) Act 1987 were passed by the Dewan Rakyat on Thursday. Those convicted are liable to a fine of RM1,000, jail not exceeding three months or both. "Drivers have raised concerns that they cannot compete on a level playing field with e-hailing drivers, as taxi drivers are constrained to specific makes and models of cars that they can use".

$0.32 EPS Expected for Rice Midstream Partners LP (RMP)

Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Orbotech Ltd. ( NASDAQ :ORBK). About 443,794 shares traded. Investors sentiment decreased to 0.81 in 2016 Q4. The Illinois-based Brookstone Cap has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP).

BT hands over £225m to ward off legal action over accounts scandal

BT's Gavin Patterson: Settlement 'is disappointing but it is the best possible outcome for shareholders'. As of 09:47 BST, BT's share price had lost 3.99 percent to 303.55p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now 0.58 percent down at 7,399.59 points.

SpaceX's very first Falcon Heavy launch set for this November

The company has also challenged the monopoly of United Launch Alliance, which has provided spacecraft launch services to the U.S. government since 2006. SpaceX is known for ambitious plans to establish humanity's first colony on Mars and putting satellites into space. SpaceX will launch the Falcon Heavy in November, the first commercial launch is set for 2018.

IAG profits soar despite British Airways IT failure

The falling value of the pound also cost the firm about £39.3m. IAG is forecasting a "double-digit percentage" improvement in operating profit for the full year, with second-half passenger unit revenue, at constant currency, increasing.

Foxconn investment could impact North Central Wisconsin

Jim Warsaw with Marathon County Economic Development Incorporated believed the state will be seeing positive impacts from the Foxconn announcement soon. The agency then would administer the incentives. The incentive package, which lawmakers could take up in a special session next month, will be pro-rated on how many jobs the company creates and how much it spends.

ITC Ltd net profit up by 7.4 pc in Q1

ITC's net sales during the period under review was up 4.29 per cent to Rs 13,722.21 crore, as against Rs 13,156.68 crore in the corresponding quarter of the previous fiscal. "Segment revenue grew by 9 percent during the quarter amidst a muted demand environment which was further impacted by destocking in trade channels ahead of the transition to GST from July 1", the company said.

Recent Investment Analysts' Ratings Changes for Atwood Oceanics (ATW)

Gilead Sciences Inc (Put) now has $95.86B valuation. Furthermore on 2/07/17 Pareto "Upgrades" the stock to Buy at $0. The company has its outstanding shares of 4.67 billion. Year to Date (YTD) performance of Atwood Oceanics , Inc. (NYSE:ATW). 147,134 were accumulated by Voya Invest Ltd Llc. According to Zacks, " Atwood Oceanics , Inc., its global operating subsidiary, Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of worldwide offshore ...

Most Active Stock: Juniper Networks, Inc. (JNPR)

Therefore 41% are positive. They set a buy rating and a $35.00 price objective for the company. UBS AG reissued their neutral rating on shares of Juniper Networks, Inc . The Firm sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific. A company with a high P/E ratio usually indicated positive future performance and investors are willing to pay more for this company's shares.

Factory Mutual Insurance Sold 105000 Company Stocks In Applied Materials, (AMAT)

State of Alaska Department of Revenue acquired a new stake in shares of Applied Materials during the first quarter worth about $114,000. Vanguard Group Inc. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. Analysts are expecting EPS growth rates to be at 37.30% this quarter and EPS estimate for next year reflect 5.60% growth rate.

First Data Corporation (NYSE:FDC) Stock Rating Reaffirmed by Piper Jaffray Companies

Firm has a $22.00 price objective on the firm services provider's shares. Oppenheimer & Co. Inc.'s holdings in First Data Corporation were worth $518,000 as of its most recent filing with the SEC. Shares of the company have shown an EPS growth of 19.90% in the last 5 years. Year to date is -7.65%, -2.71% over the last quarter, -3.68% for the past six months and 24.60% over the last 12 months.

Brandywine Realty Trust (NYSE:BDN) Receives An Update From Brokers

It has outperformed by 0.72% the S&P500. The market capitalization of Brandywine Realty Trust is at $3.02 Billion. State of Alaska Department of Revenue now owns 89,840 shares of the real estate investment trust's stock worth $1,458,000 after buying an additional 20,520 shares in the last quarter.

Twitter reports 2Q loss, user base unchanged from 1Q

UBS AG reaffirmed a "sell" rating and set a $14.00 target price (up from $12.00) on shares of Twitter in a research note on Friday, April 28th. BMO Capital Markets reaffirmed a "hold" rating and set a $17.00 price objective on shares of Twitter in a research report on Monday, April 17th.

Thermo Fisher beats Street 2Q forecasts

HCR Wealth Advisors increased its position in Thermo Fisher Scientific by 2.7% in the first quarter. It has underperformed by 1.13% the S&P500. Over the last quarter, insiders sold 27,188 shares of company stock valued at $4,702,223. (NASDAQ:ASYS). Kcg holds 10,758 shares. Sumitomo Mitsui Tru Holdings Inc has invested 0.26% in Thermo Fisher Scientific Inc. (NYSE:TMO) for 33,742 shares.

Wall Street Wants Comcast to Buy Verizon

The logic is clear, why build a close relationship with one cellular operator (Verizon) only to ditch it and start again with another - by buying Sprint or T-Mobile. In the film unit, Roberts on Thursday lauded The Fate of the Furious for becoming only the sixth film to cross $1 billion at the worldwide box office and being Universal's third-highest grossing movie ever.

Japan Household Spending Jumps 2.3% In June

In doing so, policymakers downgraded their inflation outlook for the sixth time, as the BOJ's elusive 2% target remains elusive. Core prices in the capital city was flat the previous month. The decline was the first in four months. Overtime pay also increased by 0.7% from a year earlier, the biggest increase in 13 months. Other data released today was also relatively strong.

Tetraphase Pharmaceuticals Inc (TTPH) Shares Moving On Volume

Stifel Nicolaus downgraded the shares of TTPH in report on Wednesday, September 9 to "Hold" rating. Tetraphase Pharmaceuticals, Inc . ( TTPH ) now has P/E ( Price to Earnings) ratio of 0 while the company's industry has 11.57 P/E and the sector P/E is 15.59.

'Boko Haram kills 2 gendarmes' in Cameroon attack

But investigations revealed that five lecturers from the University of Maiduguri in the exploration team were killed. "We still have other missing personal", he added. "We have heard but can not confirm reports that there has been some rescue; those details we are still discussing with military authorities". Telecommunications and other infrastructure have been severely damaged or destroyed in the conflict, which has left at least 20,000 dead and more than 2.6 million homeless since 2009.