Finance

Finance Nine months later, Amazon buys Souq
Author: 0 Nine months later, Amazon buys Souq

Amazon is usually known for deploying its own staff when expanding, but the flagship computing company has never had headquarters in the Middle East, unlike the Indian market where it enjoys a large on-the-ground presence. While Souq started as an auction site in 2005, it transitioned to a retailer and third party vendor in 2011, with 60% of its business now coming through third party vendors.

Finance Hindustan Zinc tops the chart after company announces massive dividend
Author: 0 Hindustan Zinc tops the chart after company announces massive dividend

Shares of Hindustan Zinc (HZL) today rose over 3 per cent after the company announced a special dividend of Rs 13,985 crore for 2016-17, taking the aggregate amount paid by it for the fiscal to Rs 27,157 crore. This is the largest dividend outflow by any company in the country in a single financial year. Led by the strength in the stock, the company's market valuation went up by Rs 3,570.71 crore to Rs 1,35,294.71 crore.

Finance Alaska Airlines to drop Virgin America brand
Author: 0 Alaska Airlines to drop Virgin America brand

The $2.6 billion merger resulted in a combined airline with almost 1,200 daily flights and 286 aircraft, making it the United States' fifth largest airline. In 2018, Alaska Mileage Plan will become the sole loyalty program for both airlines. Alaska, a legacy carrier, generally has preferred simplistic interiors with muted tones, while Virgin America, which started flying in 2007, has had a fresher approach, with mood lighting and leather seats.

Finance United Kingdom pensions review recommends later retirement age
Author: 0 United Kingdom pensions review recommends later retirement age

The state pension age is now due to rise in stages, rising to 66 in 2020, and reaching 67 between 2026 and 2028. It will rise again to 67 between 2026 and 2028. The Cridland review's other recommendations included the introduction of a "Mid-Life MOT" (a reference to the UK's annual testing regime for road vehicles).

Finance Revenue Estimates Analysis Ford Motor Co. (F)
Author: 0 Revenue Estimates Analysis Ford Motor Co. (F)

On average, equities research analysts predict that Ford Motor Company will post $1.64 earnings per share for the current year. Vetr downgraded Ford Motor Company from a "buy" rating to a "hold" rating and set a $13.36 target price on the stock.in a research report on Wednesday, December 7th.

Finance Business CBN Releases $180m Forex as Naira Falls at Official Market
Author: 0 Business CBN Releases $180m Forex as Naira Falls at Official Market

Lukman Otunuga, research analyst at FXTM, says the worldwide community and local investors are still nursing "elevated expectations" that the central bank (CBN) will fix Nigeria's multiple exchange rates. Emefiele said: "Nevertheless, the Committee noted the arguments for tightening policy which remained strong and persuasive". "However, the counterfactual arguments against loosening were anchored on the upward trending month-on-month inflation and its impact on the exchange rate".

Finance WSJ Editorial Likens Trump to Drunk With Empty Gin Bottle
Author: 0 WSJ Editorial Likens Trump to Drunk With Empty Gin Bottle

If President Trump were to announce that a missile launched by North Korea landed in the immediate neighborhood of Hawaii, can most Americans be expected to believe him? The Journal noted that this week should have been a good one for Trump with progress both on health reform legislation and the "smooth political sailing" of his Supreme Court nominee, Judge Neil Gorsuch.

Finance State Senator pleads not guilty in campaign finance probe
Author: 0 State Senator pleads not guilty in campaign finance probe

Maziarz is due in court later Thursday. State Sen. Robert Ortt, R-Niagara Count, awaits arraignment in Albany County Court on Thursday. WGRZ-TV in Buffalo says Ortt is charged with offering a false instrument for filing. "The constituents, my constituents in the 62nd District, know me, they know what kind of person I am and they know what kind of public servant I have been", he added.

Author: 0 Existing home sales come down off 10-year high

A shortage of inventories of homes for sale and weakening affordability have slowed down the market, NAR Chief Economist Lawrence Yun said. Aaron Kohli dubbed the disappointing result, "bond bullish" in his note to clients. Chattanooga Realtors sold 642 homes during February, up 8.6 percent from a year ago. NAR's estimates include sales of townhouses, condominiums and co-ops.

Finance Dunkin' Donuts is ditching the Coffee Coolatta
Author: 0 Dunkin' Donuts is ditching the Coffee Coolatta

The new drink is made from a "special [coffee] extract" that will be blended with ice and dairy, he noted. When Baskin-Robbins became Dunkin's sister brand, Dunkin' borrowed the recipe for the ice cream chain's "Cappuccino Blast", a mix of cappuccino flavoring and ice cream.

Finance Alaska Airlines to ground Virgin America following takeover
Author: 0 Alaska Airlines to ground Virgin America following takeover

Alaska Airlines has promised to retain some of the features that fans love about Virgin America, including its extensive in-flight entertainment options, stellar customer service, and yes, the mood lighting. BURLINGAME, CA - MARCH 29: A Virgin America plane lands at San Francisco International Airport on March 29, 2016 in Burlingame, California. Finally, Alaska will upgrade its lounges in Seattle, Portland and Los Angeles and build new ones in San Francisco and New York JFK.

Finance High street quarterly sales hit by rising inflation
Author: 0 High street quarterly sales hit by rising inflation

Howard Archer at IHS Markit agreed that the CBI hardly points to the stellar March needed to stop overall contraction in retail sales in the first quarter. The Distributive Trades Survey published by the Confederation of British Industry on Thursday revealed that United Kingdom retailers reported a steady pace of expansion in sales volume in March and forecast it to accelerate in April.

Finance Global climate goals within 'feasible' reach
Author: 0 Global climate goals within 'feasible' reach

The dramatic decline in new coal-fired units was overwhelmingly due to policy shifts in China and India and subsequent declining investment prospects, according to a report by Greenpeace, the USA -based Sierra Club, and research network CoalSwarm.

Author: 0 Raptors' Ibaka, Bulls' Lopez each suspended 1 game for punchup

Late in the third quarter, Chicago's Robin Lopez and Toronto forward Serge Ibaka traded punches after a short scuffle where words were exchanged before fists were. Lopez was asked about the fight after the game, and he seemed to place the blame for it squarely on Ibaka. The Blazers' guards led the way with 31 from Lillard and 21 from McCollum, but the team had just four of its 21 three-point attempts find the bottom of the net.

Finance Goldman Sachs to Move Hundreds of Employees From London Before Brexit
Author: 0 Goldman Sachs to Move Hundreds of Employees From London Before Brexit

Goldman Sachs International chief executive Richard Gnodde told CNBC television that the bank will "hire people inside of Europe itself, and there will be some movement" out of London. Mr Gnodde said Goldman would initially start hiring staff in Europe and moving people out of London as well as investing in infrastructure and technology over the next 18 months.

Finance Frontier Posting Steep Loss After Downgrade By Goldman Sachs
Author: 0 Frontier Posting Steep Loss After Downgrade By Goldman Sachs

Want to see what other hedge funds are holding FTR? The stock of Frontier Communications Corp (NASDAQ: FTR ) earned "Sector Perform" rating by RBC Capital Markets on Tuesday, September 22. Maximum and minimum EPS estimate for the current quarter is projected at $-0.01 and $-0.07, respectively, according to 9 analysts. Endurance Wealth Mgmt stated it has 0% in Frontier Communications Corp (NASDAQ: FTR ).

Author: 0 First Solar, Inc. (NASDAQ:FSLR) Reports Consolidated EPS Of $

This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. Credit Suisse Group AG lowered First Solar from a "neutral" rating to an "underperform" rating and set a $29.00 target price on the stock.in a research note on Wednesday, February 22nd.

Finance Greek police intercept eight suspect packages that targeted bailout creditors
Author: 0 Greek police intercept eight suspect packages that targeted bailout creditors

Earlier, packages containing gunpowder were found at the German finance ministry and at the International Monetary Fund in Paris, where one worker was injured on opening the letter. Greek authorities think Conspiracy of Fire Cells is behind this attack too, although the group has not claimed responsibility for this attack. Three years later, the group announced its return and has since been committing sporadic attacks.

Finance Latest Updates On Cash Transaction Limit, Aadhaar: How It Will Impact You
Author: 0 Latest Updates On Cash Transaction Limit, Aadhaar: How It Will Impact You

Revolutionary Socialist Party member N K Premachandran opposed the Finance Bill contending that it was seeking to amend 40 laws that do not strictly fall within the ambit of taxation proposals. This had necessitated amendments to various Acts, he said. Jaitley said the electoral bond has been proposed for cleansing the political money since a lot of electoral funding, across the spectrum, comes from unknown sources.