Markets
$1 Billion To Chinese Media Giant Bytedance
The Musical.ly purchase is Bytedance's biggest foreign venture yet. It also announced that it will be investing $50 million in Cheetah's streaming service Live.me during its Series B round. The company's overseas efforts are now spearheaded by TopBuzz, an app similar to its core offering in China, and Flipagram, a video platform acquired in February. [Full Article...]
JC Penney rallies as FQ3 not as bad as feared
Several other brokerages have also recently issued reports on JCP . If the published price targets set by J. C. Penney Company, Inc. analysts have any power to influence the stock's share price, the highest price target set for JCP is $5. [Full Article...]
Pensions - Articles - Closing the gender pay gap is a crucial first step
The study, which involved data from the Office for National Statistics, appears to blow apart the claims made by the feminist Fawcett Society which says the pay gap is 14.1 per cent in favour of men. The report comes as leading women at the BBC have been complaining about their relative pay to male colleagues after the salaries over £150,000 a year were published. [Full Article...]
United Kingdom construction output falls more than expected
This was driven largely by strong growth in manufacturing, which contributed 0.8 percentage points to the headline figure, with production of cars and medical equipment growing robustly. The increase in industrial production was better than analysts' forecasts, and the fastest growth seen since December a year ago. Within that, manufacturing rose by 0.7 per cent. [Full Article...]
China to ease curbs on foreign business in finance, autos
China will start a pilot scheme in the first half of next year, aiming to relax restrictions on foreign firms' ownership of new energy and special use vehicles businesses set up in free trade zones, the foreign ministry said on Thursday. He also noted that the market share of foreign banks had been falling which is not good for competition. The United States and the European Union have long comp... [Full Article...]
Canada's Trudeau begins state visit to Vietnam ahead of APEC entrance
The leaders were set to meet in the afternoon on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit in Vietnam to discuss how to push ahead with TPP, after the USA pulled out this year. "There is good will". Demand is surging so rapidly that factory bosses have a hard time finding and keeping skilled workers, said Phan Minh Chinh, president and CEO of Pro Sports Giao Thuy Joi... [Full Article...]
Stock Indicator Focus for Nektar Therapeutics (NKTR)
Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Nektar Therapeutics by 14.1% during the second quarter. For the quarter, shares are performing at 68.80%. HC Wainwright started coverage on Nektar Therapeutics in a research note on Monday, August 7th. They issued an "in-line" rating and a $20.00 target price on the stock. [Full Article...]
(F) Rating Lowered to Hold at Vetr Inc
First Dallas Securities Inc sold 11,582 shares as General Motors Co (GM)'s stock declined 12.09%. The institutional investor bought 48,780 shares of the auto manufacturer's stock, valued at approximately $584,000. The Minnesota-based Us Savings Bank De has invested 0.02% in General Motors Company (NYSE:GM). Exxonmobil Investment Management Inc. Technical analysts have been monitoring shares of C... [Full Article...]