Markets
CBI Files Chargesheet in Nirav Modi Case, Names ex-PNB Head
Modi will also be named as accused in the charge sheet. The Central Bureau of Investigation (CBI ) on Monday filed its first chargesheet in the alleged Rs 13,400 crore fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi , PTI has reported. [Full Article...]
Violence In West Bengal Panchayat Polls, Media Vehicle Damaged
The whole incident was caught on camera. Violence was reported from various parts of West Bengal , as the polling for the single phase panchayat elections is underway today. However, Trinamool Congress chief Mamata Banerjee did not campaign, She appealed to the people of Bengal to vote in support of her government's development works. [Full Article...]
EPS for Golar LNG Limited (GLNG) Expected At $-0.20 on May, 30
GMLP underperformed by 31.43% the S&P500. Michael Johnston increased its stake in Globalstar Inc (GSAT) by 11.4% based on its latest 2017Q4 regulatory filing with the SEC. Moreover, California Pub Employees Retirement System has 0.01% invested in Zynga Inc. (NASDAQ:AXTI) for 602,094 shares. Analysts have expectation on stock's earnings per share of $-0.20. [Full Article...]
Walmart to be at ease even if SoftBank stays put in Flipkart
Now, as a matter of fact, Softbank could now invest more in Paytm Mall as post Walmart-Flipkart deal the Japanese firm could now set itself free from a clause in its agreement with Flipkart that restricts it from investing more than $500 million in Paytm Mall until 2020. [Full Article...]
Coca-Cola European Partners plc
The overall volume in the last trading session was 2,147,068 shares. On Tuesday, January 16 Waller Kathy N sold $1.07M worth of The Coca-Cola Company (NYSE:KO). 492 grew stakes while 124 funds amassed stakes. First Manhattan Co has 703,564 shares. Aull And Monroe Inv Mngmt Corp reported 32,202 shares. Gemmer Asset Mngmt Llc accumulated 463 shares or 0.01% of the stock. [Full Article...]
Xerox ends US$6.1 bln Fujifilm deal, settles with Icahn
A Fujifilm representative declined to comment. The Xerox board said it repeatedly asked Fujifilm in recent weeks to start new talks about improving the terms of the takeover but the Japanese company "provided no assurance that it will do so within an acceptable timeframe". [Full Article...]
Morgan Stanley Upgrades Merck & Co
Jefferies Group reaffirmed a "hold" rating and set a $55.00 price target on shares of Merck & Co.in a research note on Tuesday, January 16th. Kempen Management Nv holds 2.15% or 483,135 shares in its portfolio. (NYSE:MRK) on Tuesday, January 16 with "Hold" rating. Its down 0.12, from 1.06 in 2017Q3. It dropped, as 94 investors sold Merck & Co., Inc. shares while 631 reduced holdings. [Full Article...]
693 institutional investors are raising stakes in Union Pacific Corporation (UNP)
Shares of UNP stock opened at $142.36 on Friday. Mackenzie Financial Corp increased its stake in Union Pacific by 248.7% during the 4th quarter. The stock increased 0.78% or $1.1 during the last trading session, reaching $142.36. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Therefore 56% are positiv... [Full Article...]