Finance

Finance Sensex up over 270 points; Nifty hits 10100
Author: 0 Sensex up over 270 points; Nifty hits 10100

As of 9.30 am, Nifty was down 0.48 per cent at 9,971.95 and the Sensex traded 195.77 points or 0.60 per cent lower at 32,187.58. RIL, ITC, Infosys, TCS and Bharti Airtel fell up to 2.76 percent. The rest of Asia also cheered the Fed decision with the Nikkei Asia300 index that tracks about 300 Asian companies gaining 0.3%. The Small-Cap index lost 0.52 pc.

Finance Wells Fargo & Company Increases Common Dividend
Author: 0 Wells Fargo & Company Increases Common Dividend

Wells Fargo & Company (WFC) shows its Return on Assets (ROA) value of 1.1 percent, while the Return on Equity (ROE) value is 11.6 percent and Return on Investment (ROI) value stands at 7.9 percent. Tudor Investment Et Al reported 16,654 shares. It also upped First Tr Exchange Traded Fd (FXR) stake by 36,121 shares and now owns 79,907 shares. Commonwealth Commercial Bank Of accumulated 0.4% or 592,594 shares.

Finance SoftBank Reportedly Approached Uber About a 'Multibillion-Dollar Stake'
Author: 0 SoftBank Reportedly Approached Uber About a 'Multibillion-Dollar Stake'

The Japanese telco giant, which owns a mobile operation in Japan as well as Sprint in the United States, has made numerous significant investments in recent years, including satellite company OneWeb. Grab has raised US$1.5 billion since it started. Grab, a Malaysian startup that has amassed a dominant market share of the ride-hailing market in Southeast Asia, is expanding into financial services with the latest round of fundings.

Finance FCA to phase out Libor by 2021
Author: 0 FCA to phase out Libor by 2021

The US Federal Reserve will use a Treasury repo rate, based on borrowing backed by government bonds, while the European Central Bank has explored using a weighted average of all overnight unsecured interbank lending backed up by a formula for low liquidity.

Finance Verizon Beats Q2 Revenue Expectations on Customer Gains
Author: 0 Verizon Beats Q2 Revenue Expectations on Customer Gains

The Quentec Asset Management Llc holds 239,400 shares with $7.21 million value, down from 250,300 last quarter. FMR LLC now owns 48,743,437 shares of the cell phone carrier's stock worth $2,601,925,000 after buying an additional 7,388,078 shares during the period.

Finance Traders Sell Procter & Gamble Company (The) (NYSE:PG) on Strength (NYSE:PG)
Author: 0 Traders Sell Procter & Gamble Company (The) (NYSE:PG) on Strength (NYSE:PG)

Moreover, Mu Invs Commerce has 0.04% invested in Post Holdings Inc (NYSE:POST). North American Management has an ownership of 34,396 stocks of the firms shares valued $2,998,000 after scooping up an extra 400 shares through out the previous quarter, 59.83% of the shares is presently held by investment firms and many large funds.

Finance Coca-Cola replacing Coke Zero with new beverage
Author: 0 Coca-Cola replacing Coke Zero with new beverage

Aristotle Capital Management LLC now owns 4,893,457 shares of the company's stock valued at $202,883,000 after buying an additional 4,865,457 shares during the period. This represents a $1.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was set for Thursday the 18th of May 2017. The company plans to introduce Coca-Cola Zero Sugar in August.

Author: 0 Starbucks strikes largest acquisition in its history with China deal

China is Starbucks' fastest-growing market outside the U.S. by number of stores. "As reported on the Q2 call, numerous company's principally mall-based Teavana retail stores have been persistently underperforming ". And in a separate deal, the coffee company will sell its 50% stake in its Taiwanese joint venture to Uni-President and President Chain for roughly $175 million; the Taiwan joint venture operates about 410 Starbucks store locations.

Finance Air France-KLM takes 31pc stake in Virgin Atlantic
Author: 0 Air France-KLM takes 31pc stake in Virgin Atlantic

The shake-up is designed to strengthen carriers on the lucrative North Atlantic, where low-priced entrants have shaken up the market, and comes as Britain negotiates to leave the European Union, creating a tangle over Heathrow access. The deal will give the partners collectively a stronger position on the North Atlantic market with 27 percent of capacity, ahead of rival partnerships, according to Flightglobal Schedules data.

Finance State to fund half of NYC subway plan: Cuomo
Author: 0 State to fund half of NYC subway plan: Cuomo

John Samuelsen, president of the Transport Workers Union, said subway delays are caused by a number of factors, but power failures cause "massive chaos". The union for MTA workers wants to hold Mayor Bill de Blasio accountable for the crumbling transit system with a new ad campaign aimed at putting the heat on Hizzoner.

Finance Uber targets HPE's Whitman as new CEO
Author: 0 Uber targets HPE's Whitman as new CEO

She went on to become a member of the board of HP Inc , from which she is now stepping down, but will continue as CEO of HPE . "HP has now been a stand-alone company for nearly two years and I'm proud to have helped get the company off to a great start", said Ms.

Finance Lyft teams with Taco Bell, offers new free-taco detour option
Author: 0 Lyft teams with Taco Bell, offers new free-taco detour option

A new option in its app allows Lyft passengers to push a button that alerts the driver to make a pit stop at a Taco Bell between 9 PM and 2 AM. "While Taco Bell offers delivery to customers and advertises the locations of its restaurants through the navigation app Waze, partnering with a ride-sharing company represents a new type of 'experience innovation, ' said Marisa Thalberg , Taco Bell's chief marketing officer", writes Sapna Maheshwari for the New York Times .

Finance Land Securities Group plc 0.3% Potential Decrease Indicated by Liberum Capital
Author: 0 Land Securities Group plc 0.3% Potential Decrease Indicated by Liberum Capital

Barclays Capital maintained Standard Life Plc (LON:SL) on Wednesday, June 28 with "Underweight" rating. Peel Hunt maintained IWG PLC (LON:IWG) rating on Tuesday, May 2. Therefore 45% are positive. They now have a GBX 1,720 ($22.41) price target on the stock. RBC Capital Markets maintained Eldorado Gold Corp (USA) (NYSE:EGO) on Thursday, March 30 with "Buy" rating.

Finance Report claims traces of herbicide found in Ben & Jerry's ice cream
Author: 0 Report claims traces of herbicide found in Ben & Jerry's ice cream

Cherry Garcia tested negative for the herbicide. A spokesman for Ben and Jerry's told the New York Times that the company has been trying to move away from ingredients that use genetically modified organisms (G.M.O.s) as sources, but this report shows they still have some work to do in terms of screening.

Finance Barclays PLC Initiates Coverage on Blue Apron Holdings Inc (APRN)
Author: 0 Barclays PLC Initiates Coverage on Blue Apron Holdings Inc (APRN)

Its shares opened at $10 on the New York Stock Exchange and they have yet to finish a day trading above the same mark. Canaccord Genuity's price objective indicates a potential upside of 86.67% from the company's current price. UBS AG started coverage on shares of Blue Apron Holdings in a research note on Monday. A hedge fund recently bought a new stake in Blue Apron Holdings stock .

Finance Hurricane Hilary forms in Pacific off Mexico
Author: 0 Hurricane Hilary forms in Pacific off Mexico

Officials from the National Hurricane Center believe Hilary will likely be the storm that survives the interaction, but the volatile situation is hard to predict. In this case, Hilary will rotate counter-clockwise around Hurricane Irwin. But more storms are brewing in the Eastern Pacific. Forecasters at the National Weather Service said they expect Greg to dissipate by Friday night, hundreds of miles east of Hawaii island.

Finance Lloyds Bank Broadcasts Its Biggest Half-Year Profit Ever Achieved Since 2009
Author: 0 Lloyds Bank Broadcasts Its Biggest Half-Year Profit Ever Achieved Since 2009

Lloyds also said it was putting in place a system to compensate customers who were overcharged when they fell behind on mortgage payments. Statutory profit before tax (after one-off items) rose 4% to £2,544 million, despite a £1,050 million charge for PPI and £540 million of other misconduct charges, including the costs of the redress scheme for mortgage customers who fell into arrears.