Monday, 18 February 2019
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Lennar Corp, CalAtlantic Group, Merck & Co, Enzymotec - AFTER HOURS


JPMorgan Chase & Co. reiterated their buy rating on shares of CalAtlantic Group Inc . Lennar chief executive Stuart Miller said: "Our overall company size and local critical mass will yield significant benefits through efficiencies in purchasing, access to land, labor and overhead allocation to a greater number of deliveries". Read More »

SoftBank might stop the merger between T-Mobile and Sprint

Sprint , T-Mobile and Deutsche Telekom declined to comment, while SoftBank did not immediately respond to a request for comment. Together, T-Mobile and Sprint would rival Verizon Wireless and AT&T in size. A merger between Sprint and T-Mobile would have created a company with more than 130 million US subscribers, just behind Verizon Communications Inc and AT&T Inc. Read More »

How to Watch Ole Miss vs. Arkansas


Look for Ole Miss to lean more heavily on bellcow running back Jordan Wilkins, who has racked up 365 yards and three touchdowns on the ground over his last four games despite not getting more than 18 carries in any of them. But Ole Miss defensive back Myles Hartsfield was hit with a pass interference call to give Arkansas a first down and extend the drive to the Ole Miss 41-yard line. Read More »

Caroline Wozniacki pips Venus Williams for the title — WTA Finals


From 0-5 down to 5-4, but that herculean effort may have been her last hurrah, as a couple of wild forehands brought up match point for the Dane. A clearly rattled Wozniacki went to the chair umpire to complain that a spectator in the crowd was making too much noise as she stepped up to the baseline to serve. Read More »

Airlines get ready for new United States security rules from Thursday

The changes come following the conclusion of a 120-day ban on most refugees ordered by US President Donald Trump to allow a review of vetting processes. "Unilateral actions taken by individual governments reacting to emerging threats may result in unnecessary disruption or lead to unintended safety consequences", said the members. Read More »

JC Penney expects heavier Q3 loss as it recasts women's apparel


The grim forecast sent Penney's shares to a record low and weighed on its rivals Macy's Inc and Kohl's Corp, although at least one brokerage said the troubles seem to be specific to Penney and not across the sector. Department stores try to clear out leftover inventory ahead of the holiday-shopping quarter to stock up on fresh merchandise for their biggest selling season of the year. Read More »

Economy Grew at 3 Percent Rate in July-September Quarter


Stock prices are rising in tandem with company profits. Trump is trying to push through a wide-ranging package of tax cuts which he and his supporters claim will stimulate a boom in growth. He said he was looking for growth of 2.1 percent this year and assuming that the Trump administration is successful in getting at least a modest tax cut measure through Congress, growth in 2018 could accelerate to 2.5 percent. Read More »

Bezos retakes title of world's richest man


He would be worth about $150bn if he hadn't made the donations. But according to Forbes magazine, which closely follows the world's greatest personal fortunes, taking into account, among other aspects, the value of their stock market assets, Bezos surpassed Gates on Friday as the richest person in the world . Read More »

Ford Motor Company (NYSE:F) EPS Analysis


Ford Mtr Co Del now has $48.16 billion valuation. "We think we're in a really good position", Ford CEO James Hackett said on the company's earnings call this week. The shares were bought at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the transaction, the vice president now owns 10 shares of the company's stock, valued at approximately $110. Read More »

Asian Asset Sales and Cost Cuts Lifts ANZ to Profit


Elliott expects the revenue growth environment in 2018 to continue to be constrained as a result of intense competition and the effect of regulation including a full year of impact of the Australian bank levy introduced in this year's federal budget. Read More »

House backs $4T budget, faces challenges on Trump tax plan


The 216-212 vote permits Republicans to begin work on a follow-up $1.5 trillion tax cut and move it through Congress without fear of blocking tactics by Democrats. The benchmark S&P 500 () is up almost 6 percent from its August lows as the Trump administration has rolled out its tax reform proposal, which would cut corporate taxes to 20 percent from the current 35 percent and allow companies to bring back some of the $2.6 trillion in cash now held offshore at reduced rates. Read More »

Google's parent firm Alphabet smashes profit expectations to send shares soaring


The earnings topped market expectations, and Alphabet shares quickly rose almost 3.5 per cent to US$1,026 in after-market trades on the Nasdaq exchange. If you are accessing this story on another site, it was illegally copied and republished in violation of worldwide copyright law. The correct version of this story can be viewed at Read More »

Amazon Joins Walmart in Offering In-Home Delivery


When you're not there, that is. I admit, at first I thought it is a bad idea to let a delivery driver or courier waltz into my home while I'm at work to deliver a package from Amazon. Just think about the privacy issues surrounding Amazon's Echo, the voice-based personal assistant. Now here's a story about Amazon's idea for easing such worries. Read More »

Oil steady before U.S. stockpiles data as OPEC reassures market


The Organization of the Petroleum Exporting Countries-of which Saudi Arabia is the largest member-and some other major producers like Russian Federation first agreed late past year to cap their production at around 1.8 million barrels a day lower than peak October 2016 levels, with the aim of alleviating global oversupply and boosting prices. Read More »

SAP faces United States probe into work for South Africa's Gupta family

This means that in South Africa, such commissions would be scrapped immediately, as it scores 45 on the index. The Guptas also managed to obtain a bid by SAP to provide commercial software for use in the South African public service. The Economic Freedom Fighters (EFF) has released a statement calling on the software giant SAP to reveal the names of people who facilitated the receipt of the bribe on the part of the Gupta-owned company. Read More »

China is churning out a new billionaire every 5 days


Some 43% of the wealthy individuals who had to be cut from the billionaire list worldwide a year ago were Chinese, Chang said. The total wealth of billionaires rose by 17 percent in 2016 to $6.0 trillion after falling in 2015, said the report. Read More »

Bloodhound supersonic auto on display during test


The 1.7-mile runway is not long enough to go much faster, and the record runs are scheduled for the Hakskeen Pan flats in South Africa, where a 12-mile track is being prepared for an attempt at an 800 miles per hour record in 2019 and an all-out assault on 1000 miles per hour in 2020. Read More »

BJP to celebrate November 8th as anti-blackmoney day


Addressing a press conference, Jaitley said this would be a "priority programme" for the BJP and senior party leaders as well as Union ministers will participate in it. "Mere entry of cash into the system does not legitimise it". Leader of the Opposition in the Rajya Sabha Ghulam Nabi Azad told reporters that the Opposition parties have worked out a joint strategy and would register their protest against the November 8, 2016, demonetisation decision. Read More »

Twitter says it overstated monthly-user numbers for 3 years


However, the company was forced to admit a mistake that caused a miscalculation of MAUs dating back almost three years. Twitter Inc . has admitted to incorrectly reporting its single most important metric, monthly active users (MAUs), for almost three years. Read More »

Pounding the Pavement on Shares of Toro Company (TTC)


Investors who are keeping close eye on the stock of Windstream Holdings, Inc. Other institutional investors have also bought and sold shares of the company. Shareholders of record on Friday, December 1st will be given a dividend of $0.37 per share. The firm has "Buy" rating given on Thursday, November 3 by B. Read More »

Canadian dollar drops as Bank of Canada holds overnight rate steady

While analysts bumped their expectations for the next rate hike into 2018, Desjardins' senior economist Jimmy Jean said the bank's faith in a "Goldilocks economy" means it could find itself behind the curve if inflation rears its head. "We think growth 2% next year is pretty good". The Bank still expects global growth to average around 3 1/2 per cent over 2017-19. The moderation in growth is fueled in part by the rate rises. Read More »

Sterling climbs as strong GDP data bolsters rate hike bets


He added: "Today's numbers seem to have increased the likelihood of an interest rate rise next week, with sterling gaining nearly half a cent against the dollar". 'While the services sector was the largest contributor to GDP growth in Q3, the latest data confirms that activity in the sector remains muted, with growth unchanged from the previous quarter. Read More »

London fights pollution with old diesel vehicle charge


The daily charge, which is enforced from 7am to 6pm from Monday to Friday, comes on top of the £11.50 congestion charge. As an asthmatic, I'm as keen as anyone to clean up London's air - but the mayor's own assessment shows that the T-charge will not work. Read More »

George Young (Easybeats, AC/DC) passes away


There is an outpouring of love and kindness as fans band together to remember this talented man who brought us some of the best music that was ever written and produced. "George was a pioneer who, with close friends Harry Vanda and Ted Albert, created a new sound for the Australian music industry". RIP George Young: from the Easybeats to Albert Productions, his influence on Oz music is immeasurable. Read More »

Buhari Comes Under Heavy PDP Fire Over the Maina Saga


President Muhammadu Buhari has come under intense scrutiny over the recent reinstatement of fugitive Abdulrasheed Maina to the civil service . The Presidency on Tuesday said contrary to the information making the rounds, President Muhammadu Buhari followed due process in ordering the immediate disengagement of the former Chairman of the Presidential Task Force on Pension Reforms, Mr. Read More »

Air Canada landing in California prompts another FAA probe

The latest incident involved Air Canada Flight 781 from Montreal, an Airbus A320 that was given initial clearance to land when it was about 6 miles (10 kilometres) from the airport, FAA spokesman Ian Gregor said . In the meantime, the FAA issued new guidelines for nighttime landings and control tower staffing at San Francisco's airport. "After receiving proper clearance to land it proceeded to do so and landed normally", the airline said in statement Tuesday morning. Read More »

HBC sells flagship NY location to WeWork for US$850M


The department store's flagship, known for its Christmas time displays on Fifth Avenue, has been sold to office company WeWork for $850 million. Under the deal announced Tuesday, Lord & Taylor retail operations will continue to occupy all of the Manhattan location through the end of next year's holiday season. Read More »

BMW offices get 'inspection' in preliminary collusion probe

The European Commission said on Friday that anti-trust officials had "carried out an unannounced inspection at the premises of a auto manufacturer in Germany". In a statement, Volkswagen said it was not yet clear whether the Commission will instigate formal proceedings, but said it was cooperating fully. The Commission said such inspections were a preliminary step in investigations of anti-competitive practices, and "does not mean that the inspected companies are guilty of anti-competitive ... Read More »