Markets
NY to London flight breaks record for fastest transatlantic passenger journey
A British Airways Boeing 777-200 is believed to have previously held the subsonic record, flying from NY to London in five hours and 16 minutes in 2015. Captain Harold van Damm said that his journey would have been even faster had it not been for turbulence at lower altitudes. The quickest recorded transatlantic passenger flight was two hours, 52 minutes, 59 seconds set by Concorde in 1996. [Full Article...]
Varied Analyst Comments On Kinder Morgan, Inc. (KMI), Discovery Communications, Inc. (DISCK)
Another trade for 48,059 shares valued at $4.54M was sold by Winter Matthew E. Kinder Morgan, Inc . ( KMI ) analysts on average have given a price target of $22.56 on KMI stock. Jefferies has "Hold" rating and $2300 target. The stock has "Buy" rating by Stifel Nicolaus on Thursday, January 28. The stock has "Hold" rating by Stifel Nicolaus on Tuesday, October 4. [Full Article...]
Bank Of New York Mellon (BK) Posts Quarterly Earnings Results, Hits Estimates
Shares of Bank Of New York Mellon Corporation (BK ) opened at $55.35 on Friday. While looking at the Stock's Performance, The Bank of New York Mellon Corporation now shows a Weekly Performance of 4.19%, where Monthly Performance is 7.16%, Quarterly performance is 5.81%, 6 Months performance is 8.14% and yearly performance percentage is 24.68%. [Full Article...]
City not on Amazon headquarters short list
Amazon has reviewed the proposals from potential candidate cities for its second North American headquarters location, and it found 20 of those the most promising. "We expect to get very involved because at this point we will start to get into the more specific granular kind of questions and need to provide probably more specific answers to 'why Miami?'", Duerk said. [Full Article...]
Asda and Aldi ban energy drinks sales to under 16s
This will make Aldi the first supermarket chain or retailer in Ireland to restrict the sale of highly caffeinated drinks to children. The decision comes after health campaigners dubbed energy drinks as completely inappropriate fro children thanks to their high sugar and high caffeine content. [Full Article...]
Stock In Spotlight: Petroleo Brasileiro SA - Petrobras (NYSE:PBR)
Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is en... [Full Article...]
Increases Stake in Teekay Offshore Partners LP (TOO)
Outperform is an analyst recommendation which means that a stock is expected to do slightly better than the market return. JPMorgan Chase & Co. increased its position in Teekay Offshore Partners L.P. The rating was upgraded by Argus Research on Monday, January 11 to "Buy". The firm has "Buy" rating given on Friday, January 12 by Needham. It also reduced its holding in Arrow Invts Tr by 1.6... [Full Article...]
Snap Lays Off Fewer Than Two Dozen Employees In Staff Realignment
Even after adding that the editorial content team plays a strong role in Snap, the company then went ahead and laid off roughly two dozen members but mostly from the editorial content division. Thought Snap didn't want to comment on when that redesign may arrive in the US, other reports pin it at the end of Q1 this year. The sackings - which followed a dozen job layoffs in September last year- a... [Full Article...]