Markets
Scotiabank Analysts Issued TransCanada Co. (TRP) a C$69.00 Target Price
Viking Fund Management Llc who had been investing in Transcanada Corp for a number of months, seems to be less bullish one the $36.10B market cap company. The company was initiated on Friday, April 8 by Credit Suisse. Fort Washington Advsr Oh reported 0.08% stake. National Bank Canada has "Sector Perform" rating and $57 target. [Full Article...]
Card Data Stolen From 5 Million Saks and Lord & Taylor Customers
Every Lord & Taylor was hit by the cyber attack, the firm said, while just 83 Saks locations were. The data breach also hit Saks Off Fifth stores. It plans to offer free identity protection services. Although it's unclear exactly how the malware was installed in the stores' checkout systems, Gemini said it was most likely through phishing emails sent to Hudson's Bay employees. [Full Article...]
Uber's use of fewer safety sensors prompts questions after self-driving crash
He sent a letter to Uber saying the company failed to comply with the expectation that public safety be the top priority for the companies that operate self-driving cars on Arizona roads. Experts have noted that the location of the accident was well lit, and that there was nothing else around the location that could have interfered with the car's sensors. [Full Article...]
Tesla says autopilot was engaged during fatal crash
In a sign of heightened mistrust, interest rates charged by institutions lending money to Tesla jumped to 7.74 percent as compared with 6.56 percent at the end of last week. An incident has been reported that a Tesla Model X has been involved in a fatal crash while on Autopilot. Since then, Uber has suspended all of its self-driving cars from public roads in Arizona, as well as in other ... [Full Article...]
Amazon.com, Inc. (AMZN) Stake Boosted by Oakworth Capital Inc
Coldstream Capital Management Inc bought 1,093 shares as the company's stock rose 28.13% while stock markets declined. Following the transaction, the vice president now owns 6,533 shares in the company, valued at $9,553,336.56. Paloma Prtn holds 22,421 shares. The Ashmore Group Plc holds 20,500 shares with $949,000 value, down from 78,011 last quarter. Smithfield Trust has 0.1% invested in Facebo... [Full Article...]
USDA Projects 13.5 Million Cotton Acres for 2018
The federal Agriculture Department says in its annual prospective plantings report that US farmers will seed more soybeans than corn for the first time in 35 years, due primarily to profitability. Estimated acres for soybeans were also less than expected at 89.0 million acres, which is 1% less than a year ago. Soybean stocks were 21% more than the previous year. [Full Article...]
ICICI Bank rallies behind beleaguered Kochhar
ICICI Bank is India's fourth most valued bank with a market capitalisation of about Rs 1.8 lakh crore and its shares are also part of the benchmark stock market index Sensex. A decision on whether to call Chanda Kochhar will be taken after examination of documents, they added. Through the PE, the agency will enquire into the series of alleged transactions between Deepak Kochar and Videocon Group ... [Full Article...]
Irish manufacturing growth moderates amid signs of capacity constraints - PMI
IHS Markit's final manufacturing Purchasing Managers' Index for the euro zone fell to 58.6 in February from 59.6, just beating an earlier flash estimate of 58.5 and comfortably above the 50 mark that separates growth from contraction. Where employment increased, this was mainly linked to higher output requirements. On the price front, input price inflation eased to a five-month low, while out... [Full Article...]