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Finance

HPCL March quarter net profit up 31%, beats Street estimates

A poll of analysts conducted by CNBC-TV18 had pegged this at Rs 1,050 crore. ONGC has also approved the acquisition of entire 80 per cent stake participating interest of Gujarat State Petroleum Corp (GSPC) along with operatorship in the Deen Dayal West field, where geological challenges have delayed commercial production for many years, for a consideration of Rs 6,454 crore, the company said.

Finance

Most world stocks rise after Fed minutes; oil rally fades

More than 20 OPEC and non-OPEC countries, in November 2016, agreed to collectively cut production by 1.8 million barrels a day in an effort to reduce the global supply glut that stalled crude oil prices . Gary Ross, head of global oil at PIRA Energy, a unit of S&P Global Platts said yesterday that Russian Federation and Saudi Arabia will be the biggest supporter of the oil production cut down because they have some huge events coming on the way in near future.

Finance

Venezuelan president compares treatment of officials overseas to Nazi persecution

FILE - In this April 19, 2017 file photo, Venezuelans protest, holding signs that say in Spanish "No more deaths, and "No more dictatorship", in Madrid, Spain ". The state prosecutor's office confirmed his death, which pushed the death toll in six weeks of unrest to at least 43, equal to that of the 2014 protests.

Finance

Would You Buy RSA Insurance Group Plc (RSNAY) On These Analyst Ratings?

As per Thursday, October 8, the company rating was initiated by SunTrust. The stock of Halma plc (LON:HLMA) earned "Hold" rating by Liberum Capital on Monday, February 1. Investec reaffirmed a "buy" rating and set a GBX 2,565 ($33.37) price objective on shares of Cranswick plc in a report on Thursday, February 2nd. The stock's market capitalization is 8.14B, it has a 52-week low of 5.87 and a 52-week high of 8.13.

Finance

Johnson Investment Counsel Upped Johnson & Johnson (JNJ) Holding By $842260; Consonance Capital

It has underperformed by 4.16% the S&P500. Hikari Tsushin Inc decreased Johnson And Johnson (JNJ) stake by 50% reported in 2016Q4 SEC filing. Finally, Stifel Nicolaus restated a "hold" rating and issued a $128.00 target price (up from $124.00) on shares of Johnson & Johnson in a report on Thursday, May 18th.

Finance

Trump embraces Israel, but Russian ties still trail him

Rouhani also criticized a meeting U.S. President Donald Trump attended in Saudi Arabia, describing it as a "show-off" that "will not have any political and practical values". Trump approached alone and placed his hand on the stone. They were joined by Netanyahu and his wife, Sara, as well as daughter Ivanka Trump and Kushner.

Finance

Navios Maritime Partners L.P. (NMM) Announces Quarterly Earnings Results

The firm's market cap is $185.93 million. Analysts forecast earnings per share of $-0.28, down exactly $0.17 or 154.55 % from 2014's $-0.11 EPS. During the same period in the prior year, the business posted ($0.30) EPS. COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and global trademark and copyright laws.

Finance

LeEco Founder Jia Yueting Steps Down as CEO Amidst Massive Corporate Overhaul

At the same time, Leshi said its chief financial officer Yang Lijie, who has worked for Jia Yueting since 2004, will be replaced by an outsider, Zhang Wei. Fok declined to comment on whether there could be a boardroom struggle between Leshi and its investor Sunac, but acknowledged that in every organisation, struggles and different points of view between the executive team are not uncommon especially when the company is facing difficulties.

Finance

Comey Declines To Testify Before Senate Judiciary Committee

While the White House initially pointed to a memo from Deputy Attorney General Rod Rosenstein, outlining Comey's mismanagement of the investigation into Democratic presidential nominee Hillary Clinton's private email server, as the impetus for his termination, Trump later admitted that the Russian Federation investigation - which he has called a "hoax" - played a role.

Finance

AT&T Workers Across 36 States Began 3-Day Strike Friday

A statement by AT&T Friday called the company a family, adding, "Like any family we have our disagreements, but we'll sort them out". The strike is set to last through the weekend. Employees also reported that AT&T was increasingly forcing them to pay their healthcare costs. The PayScale report mentions that AT&T sales personnel receive roughly $68,000 worth of wages and benefits per year.

Finance

Merkel: UK Will 'Pay A Price' If It Curbs Immigration

German Chancellor Angela Merkel delivers a speech during the opening ceremony for the "National Integration Award" at the Chancellery in Berlin, Germany, Wednesday, May 17, 2017. The German Chancellor met Mr Macron as the pair plan to rebuild the European Union and eurozone after Brexit. "There will be no arm-wrestling", she said.

Finance

Embattled White House lurches from crisis to crisis

The FBI is investigating Flynn's dealings, as well as possible coordination between the Trump campaign and the Kremlin to influence the 2016 presidential election. "It looks like he was trying to impede the investigation", said CNN senior political analyst David Gergen. Then there was the Comey firing itself, which Trump even admitted had something to do with the Russian investigation.

Finance

Target reimagines itself, investors like what they see in 1Q

Shares of Wal-Mart Stores Inc. Meanwhile, at $1.21, per share profit dropped 6% from a year ago, but beat consensus estimates by 30 cents. Wal-Mart Stores Inc. The ex-dividend date is Wednesday, December 6th. Cantab Partners Ltd Liability Partnership reported 0% in Wal-Mart Stores Inc (NYSE:WMT). ILLEGAL ACTIVITY NOTICE: "Wal-Mart Stores Inc (WMT) Position Decreased by WealthTrust Arizona LLC" was first posted by Sports Perspectives and is the sole property of of Sports Perspectives.

Finance

Tesla offers more information about its new solar energy roof tiles

One of the major highlights of these new roof tiles is that Tesla's solar roofs will be less expensive than regular roofs, even before energy production is considered. Part of the excitement concerns the replacement of relatively hefty panels with roof tiles that have embedded solar-gathering tech. Tesla is also offering "infinity" warranty which covers the glass in the tiles.

Finance

Trump's intel bosses reiterate: Russian Federation meddled in election

The American media, however, never caught a glimpse of either Russian inside the White House. He described Trump and Secretary of State Rex Tillerson as "the kind of people who want to maintain a dialogue not as a means of demonstrating what they can achieve in the area of ideological preferences, but rather as a means of solving particular issues which have great bearing on the nation's progress, peoples' well-being and settling conflicts in different areas".

Finance

Helicopter crew warns paddle-boarders about nearby sharks

Emergency officials issued evacuation warnings to beach goers from a helicopter. With more and more shark sightings off the Long Beach coast, beachgoers are being warned to enter the water at their own risk. Evans asked the crew, "What was the response of the people in the water?" "We haven't had any reports of anyone being bumped or charged, just observations of them either swimming or breaching", he told the Ocean County Register .

Finance

Trump tax plan: Relief for his voters but lots of unknowns

About 70 percent of taxpayers take the standard tax deduction when they file their taxes. But that's not double. "No tax cut has ever been self-financing", said Howard Gleckman, a senior fellow at the nonpartisan Tax Policy Center. It's unclear just how much the tax overhaul would help Trump because the proposal still amounts to mainly a series of bullet points - and because the president has steadfastly refused to release his tax returns despite having promised to do so in the past.

Finance

Chesapeake Energy Corporation (NYSE:CHK) & Pfizer Inc

The business earned $185.20 million during the quarter, compared to analysts' expectations of $159.70 million. The natural gas company posted revenue of $2.75 billion in the period. Chesapeake Energy Corporation (NYSE: CHK ) has declined 19.91% since September 23, 2016 and is downtrending. In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the ...

Finance

Apples CEO Pledges $1 Billion Towards Creation of US Manufacturing Jobs

Apple's announcement had little to do with hiring; the company had merely stated it hoped to promote United States manufacturing with its new fund. "You know, the watch has been an incredible move into health", Cook told Cramer. In introducing the fund, Apple joined a growing list of companies that have said in recent months that they will add, promote or keep jobs - many of them related to manufacturing - in the United States.

Finance

M&S shares surge as ex-Asda boss Archie Norman named next chairman

Norman was instrumental in turnarounds at supermarket Asda and home improvement firm Kingfisher and has served as chairman of broadcaster ITV, investment bank Lazard and craft retailer Hobbycraft. He stood down as an MP in 2005. M&S shares rose as much as 6 percent as investors welcomed the appointment of Norman, whose CV is packed with United Kingdom and worldwide experience, including an extensive track record in the retail industry.

Finance

Groupon, Inc. (NASDAQ:GRPN)

The company had revenue of $673.63 million for the quarter, compared to analysts' expectations of $721.93 million. The company has dropped -16.38% in past 3 months and in the last five trades has moved down -0.56%. The disclosure for this sale can be found here. Following the completion of the sale, the chief accounting officer now owns 194,775 shares of the company's stock, valued at $779,100.

Finance

Key Indian equity indices trade in red during afternoon session

The 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 9.75 points or 0.10 per cent at 9,313.80 points. The Sensex touched a high of 30,069.24 points and a low of 29,804.12 points during the intra-day trade. All the 19 sub-indices of the BSE closed the day's in the red, led by the metal index, which plunged by 275.04 points. Sensex rises 228 points to 30,123 and Nifty up 38 points at 9,350.

Finance

Conservatives back revised health bill, GOP moderates balk

The culmination of weeks of negotiations between Meadows and MacArthur, the compromise amendment aims to unite the House's centrist and conservative Republican wings behind the health care bill. Because premiums for young and healthy people would likely decline under the proposed amendment , Republicans expect the measure to spur more people to buy coverage.

Finance

Wall St stays lower after Fed holds rates steady

The FOMC said inflation "has been running close to the Committee's 2 percent longer-run objective". Consumers continue to hunker down as well: The savings rate increased to the highest level since last August in April. But some Fed officials have portrayed the slump as transitory. Investors are attempting to gauge which uncertainties will be positive for economic growth and asset values and which uncertainties will be negative.

Finance

Government 'Needs a Good Shutdown' to Fix Senate 'Mess'

Asked how the president would define a "good shutdown", Mulvaney suggested "it would be one that fixes this town". Trump wants Congress to overhaul the tax code, approve a $1 trillion infrastructure package and raise or suspend the debt ceiling before the government begins falling behind on its obligations.

Finance

8 people injured in San Diego mass shooting

San Diego Police Chief Shelley Zimmerman said their helicopter was the first on scene and saw the gunman at the pool. "The suspect pointed his gun at officers and they shot and killed him". Witnesses report seeing at least seven people shot around the pool area of an apartment complex. Witnesses said a man opened fire on a group of people who were celebrating at a birthday party in the pool area.

Finance

Oil prices inch down on high stocks, weak China factories survey

Prices traded roughly 2.5% higher for the month. Mohammad Barkindo, secretary-general of the Organization of Petroleum Exporting Countries, said last week that all producers are steadfast in their commitment to pare production, and Russia's Energy Minister Alexander Novak said the country will reach its fully agreed 300,000 barrel a day cut as promised.

Finance

Asset Management Group Inc. Sells 338 Shares of General Electric Company (GE)

Other hedge funds also recently added to or reduced their stakes in the company. Finally, Northwest Quadrant Wealth Management LLC acquired a new stake in General Electric Company during the fourth quarter worth about $177,000. El Paso Electric Company has a Gross Margin score of 19. Analysts' estimates typically exclude special items. The number of shares traded in the last trading session was 32.88 Million.

Finance

What Analysts Are Saying About PayPal After Earnings

When it comes to the Analysis of a Stock, Price Target plays a vital role. PayPal Holdings, Inc. closed its last trading session at $44.27 with the gain of 0.99%. If you are reading this news story on another domain, it was copied illegally and republished in violation of USA & worldwide copyright and trademark law.

Finance

Made mistakes, will introspect & correct: Kejriwal

Need is action not excuses,"Kejriwal added". It also came a day after one of his party leaders, Kumar Vishwas, challenged the party's official line besides raising a host of other issues related to party functioning. He said, while the current BJP has become 80 per cent Congressioned because of its "kitchen cabinet, dynastic politics and appeasement of majority and minority as per convenience", Vishwas said the same is happening with the AAP to an extent.

Finance

No last ditch deal for Alitalia as Etihad backs Board decision

The deal would have laid off some 980 employees instead of 1,338 firstly proposed by the company, and cut wages of flight crews by 8 percent. The airline said after a board meeting it would "start preparing the procedures provided by law" and a person close to the company said the board would seek shareholder approval to request the appointment of a special administrator.

Finance

Democratic Illinois House OKs Public Funding for Abortions

Wade . "Women should have access to safe, legal and accessible abortion no matter what their insurance is", said Chicago Democratic Rep. Sara Feigenholtz, the proposal's sponsor, in closing the floor debate. "Only an arrogant billionaire who thinks he's accountable to no one, would say the liberty of half the people of our state is a distraction". "Should it come from cancer screenings?" The Illinois General Assembly is back in Springfield and is heading into the final six weeks of its ...

Finance

PulteGroup, Inc. (PHM) Rating Reiterated by Wedbush

Sometimes, we can understand most about a stock by simply looking at how it has been trading. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. Based on an average daily volume of 4,701,575 shares, the days-to-cover ratio is now 4.3 days. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range.

Finance

United Airlines Changes Policy After Doctor Dragged Off Flight

United has continued to face fallout since videos of Dao screaming as he was dragged off Flight 3411 went viral on social media. The airline said the change to its employee booking policy was an initial step as it reviewed policies to " deliver the best customer experience ".

Finance

Tesla Is Doubling Its Charging Network

Tesla Inc (NASDAQ:TSLA) on Monday said it double the size of its vehicle charging network this year, as it seeks to provide owners with more convenient locations to charge their electric vehicles. With its Model 3's reveal a year ago, the company had already said it would build out the network, but a recent blog post now outlines a scenario of Supercharger stations with "several dozen" charging units each and "customer centers" and more charging locations than originally forecast.

Finance

United States to impose 20 pct duties on Canadian softwood lumber-Ross

Trump has directed nearly all of his NAFTA criticism at Mexico, which makes this decision even more surprising. All other Canadian producers face a 19.88 percent duty, according to the document. Canadian leaders also criticized the move. Premier Christy Clark stepped away from the campaign trail Monday night to talk about a USA decision to begin charging duty on Canadian softwood lumber exports.

Finance

Dortmund bus attack suspect bet against the team

Prosecution spokeswoman Frauke Koehler said police financial experts were still calculating how much he could have hoped to gain, while Bild newspaper put the potential gains in the millions. The alleged bomber will appear in court Friday, where prosecutors will determine whether they have enough evidence to continue holding him. He would have profited from the transaction if the price for shares of the team fell.

Finance

Trump prepared to be tough on trade

Treasury Secretary Steven Mnuchin and Federal Reserve Chair Janet Yellen were representing the United States at the discussions. The anti-globalization backlash has also shown up in Europe, playing a factor in last summer's vote in Britain to exit the European Union, and also in the election campaigns in other countries including this Sunday's vote for president in France.

Finance

Trump to sign measures to review financial regulation

Mnuchin said Trump's tax priorities are to simplify personal taxes, create middle-class tax cuts and make business taxes competitive. "I appreciate the president's leadership and strong commitment to comprehensive tax reform", House Ways and Means Committee Chairman Kevin Brady said in a statement.

Finance

United Kingdom set for first full day without coal power

Reuters adds that past year, natural gas accounted for 42 percent of the country's electricity, with renewable and nuclear energy making up 45. This is part of the UK's commitment to phasing out the heavily polluting fossil fuel as part of its initiative to meet its climate targets, which now are to cut carbon emissions by at least 80 percent by 2050.