Finance

Author: 0 EUROPE MARKETS: European Stocks Log Highest Close Since 2015 After Dutch Election

The Canadian dollar declined against its US counterpart on Friday from an earlier fresh two-week high against its USA counterpart as a rally triggered by the Federal Reserve's outlook for interest rate hikes faded. The Iseq index closed up 0.55 per cent as a gain for building materials group CRH offset a decline for Ryanair. Australia's S&P/ASX 200 Index rose 0.1 percent and New Zealand's S&P/NZX 50 Index increased 0.7 percent as of 8:03 a.m.in Tokyo.

Finance Zacks Investment Research Downgrades Alexandria Real Estate Equities Inc (ARE) to Hold
Author: 0 Zacks Investment Research Downgrades Alexandria Real Estate Equities Inc (ARE) to Hold

Many research firms have provided their ratings on Pennsylvania Real Estate Investment Trust (NYSE:PEI) where SunTrust provided Hold rating on the stock on 20-Jan-17. Washington Real Estate Investment Trust had a net margin of 55.81% and a return on equity of 19.15%. (ARE) have shown a high EPS growth of -27.70% in the last 5 years and has earnings decline of -221.50% yoy.

Finance GoPro is laying off a bunch of employees (again)
Author: 0 GoPro is laying off a bunch of employees (again)

GoPro said Wednesday it will cut 270 jobs in an effort to reduce operating expenses, its second round of layoffs in less than four months. Wedbush maintained a Neutral rating with a $9 price target . The struggles and subsequent recall of the original Karma drone did little to assuage investors of GoPro's ability to continue to grow and innovate.

Finance Australia to ride new waves of Snowy Hydro pump power
Author: 0 Australia to ride new waves of Snowy Hydro pump power

New South Wales and Victoria have 58% and 29% stakes respectively. The latter said in a separate statement that the Australian Renewable Energy Agency (ARENA) is finalising a grant of up to AUD 500,000 (USD 381,000/EUR 356,000) to support the feasibility study.

Author: 0 Mortgage Rates Take Another Upswing

Much of the commentary surrounding the Federal Reserve's decision Wednesday to raise the Fed Funds rate by 25 basis points has been about how this is likely to increase mortgage rates, have a negative effect on home affordability, and potentially derail the still-wobbly recovery of the U.S.

Author: 0 Flights to NY resume after winter storm lashes Northeast US

Of the remaining counties, all but Cape May will be under a winter storm warning from Monday evening through most of Tuesday. Nearly all flights were cancelled at the three main airports that service New York City: JFK , La Guardia, and Newark Liberty.

Finance Alaska Airlines to begin nonstop service from Eppley Airfield to San Diego
Author: 0 Alaska Airlines to begin nonstop service from Eppley Airfield to San Diego

The daily flight from San Diego will depart 8:30 a.m. local time. San Diego will be Alaska's third destination to and from St. Louis. Get twice-daily updates on what the St. Louis. The company says it's the fastest-growing airline in San Diego, in recent years. "We're delighted to see Alaska Airlines continue to grow its presence here at SAN, giving travelers more options to explore and connect than ever before", said Bowens.

Finance Penn West Petroleum Ltd. Announces 23% Increase In Q4 Earnings
Author: 0 Penn West Petroleum Ltd. Announces 23% Increase In Q4 Earnings

On the sales side, PWE's revenues are expected to climb to $187.88M versus prior year's Q4 result of $187.88M. Finally, CIBC restated a "neutral" rating and issued a C$2.60 price target on shares of Penn West Petroleum in a research report on Thursday, December 15th.

Finance ICC Chairman Shashank Manohar resigns
Author: 0 ICC Chairman Shashank Manohar resigns

After the meeting, he flew back to Nagpur and resigned on Wednesday afternoon. Manohar, who had taken over just eight months earlier was the face of reforms and was keen on trying to do away with the big three formula. That four have got together is significant as, collectively, India, Sri Lanka, Zimbabwe and Bangladesh can block any key resolution in the ICC's board.

Finance Maharashtra doctor thrashed by patient's relatives, blinded in one eye
Author: 0 Maharashtra doctor thrashed by patient's relatives, blinded in one eye

The doctor sustained several injuries on his abdomen, chest, head and even the orbital bone that is present in the socket of the eye. The doctor is severely injured and has suffered permanent damage to one eye. Medical and doctors' associations across the country have voiced their protest against the assault. "The IMA held a rally at Azad Maidan in south Mumbai against the persistent injustice meted out to the doctors' community, as uncivilised mob is taking law into its hands frequently", ...

Finance Oracle's Profits Rise On Continued 'Hyper-Growth' In The Cloud
Author: 0 Oracle's Profits Rise On Continued 'Hyper-Growth' In The Cloud

The company reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Oracle also raised its quarterly dividend payment to 19 cents a share from 15 cents. Cowen and Company maintained its Outperform rating and target price of $46. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-six have assigned a buy rating to the stock.

Finance McDonald's tests mobile order and pay ahead of national launch
Author: 0 McDonald's tests mobile order and pay ahead of national launch

McDonald's is set to begin testing its mobile ordering system this month as it finally joins the restaurant chain digital party, which features the likes of Starbucks and Domino's. When the customer arrives at the restaurant, the app will ask for confirmation and payment before sending orders to the kitchen. The app makes use of geofencing to know where customers are in relation to the store's location to ensure that the food is kept fresh at all times.

Finance Stocks Holding On To Modest Gains In Mid-Day Trading
Author: 0 Stocks Holding On To Modest Gains In Mid-Day Trading

The Dow Jones Industrial Average added 112.73 points to 20,950.10 and the Russell 2000 Index added 1.5 percent. The Fed cited continuing strength in the job market, improving capital spending plans, and a moderate rise in household spending in raising interest rates by a quarter point today.

Author: 0 Wholesale Inflation rises to 6.55% in February

Rising wholesale inflation in that country, which produces a large share of U.S. consumer goods, was likely to push the 12-month measure above three percent by mid-2017, Shepherdson said in a research note. Food products which are trending high include sugar and confectionary (18.8%), fruits at 8.3%, prepared meals at 5.4% and cereals and products at 5.3%.

Finance Frontier Communications Corporation (NASDAQ:FTR)
Author: 0 Frontier Communications Corporation (NASDAQ:FTR)

Valley National Advisers Inc. now owns 31,917 shares of the company's stock valued at $133,000 after buying an additional 1,341 shares during the period. The High Revenue estimate is predicted as 2.37 Billion, while the Low Revenue Estimate prediction stands at 2.33 Billion. It has been assigned a low target price of $40 and a high target price of $43.25.

Finance US Price Rise Points To Firm Inflation?
Author: 0 US Price Rise Points To Firm Inflation?

In February, over 80% of the advance in the final demand index is attributable to a 0.4% increase in prices for final demand services. Final demand prices rose 0.6% in January and 0.2% in December. Also boosting price pressures are the dollar's 1.5 percent drop against the currencies of the United States' main trading partners since January and overall commodity price gains in tandem with a firming global economy.