Markets
Vetr Inc. Downgrades Cara Therapeutics, Inc. (NASDAQ:CARA) to Hold
Earlier this month, Cara announced the Ph3 IV CR845 post-operative pain trial would continue to enroll a total of 450 patients following a planned interim analysis, and that FDA has granted Breakthrough designation for IV CR845 in chronic kidney disease associated pruritus (CKD-aP) in hemodialysis patients. [Full Article...]
Apple Rumored To Invest Billions In LG Display's OLED Plant
The Korean report further noted that "the two firms have tentatively agreed on the investment plans, even though details, including investment timing and size, have not yet been finalized". Apple's iPhone 8 is expected to have a 5.8-inch edge-to-edge OLED panel with a 5.1-inch practical area. The production capacity of these two plants is expected to touch 180,000 to 270,000 units of the sixth-ge... [Full Article...]
GST: LPG cylinder to cost Rs 32 more
With the introduction of GST , the prices of each LPG cylinder will rise by ₹12-15 in states that don't impose a tax on the fuel. Reports said on Monday that households will have to shell out more for a cylinder of cooking gas or LPG (Liquefied Petroleum Gas) from this month, owing to the new tax regime combined with a reduction in subsidy . [Full Article...]
Barclays, former execs to return to court July 17
Generally, we have an opinion about this kind of fraud happens only in Asia and India in particular, but was astonished to go through the news about the Barclays bank, the four former employees, and their fraudulent activities. All four defendants have been released on bail, but former chairman of investment banking for the Middle East Roger Jenkins and ex-wealth chief Thomas Kalaris have been t... [Full Article...]
Greek Coast Guard Opens Fire on Turkish Cargo Ship in Aegean Sea
The captain of the ship allegedly ignored this demand. While in the Aegean Sea, the Turkish ship was approached by Greek coast guard vessels, which demanded that it enter a port on the Greek island of Rhodes for cargo inspection. "They asked us to stop and said that they will open fire, and proceeded with what they said", Kalkavan told Turkish broadcaster CNN Türk. The coast guard then fired sho... [Full Article...]
Vehicle sales slow by 10% for first six months of 2017
Those figures are set against the background of increasing imports of cars from the United Kingdom, which continue to be driven by a weakened Sterling exchange rate. Meanwhile, new auto registrations are down 10% for the first six months of the year to 91,189 from 101,327. Not surprisingly, the trade is showing some signs of caution about what July may bring. [Full Article...]
Today Analysts Focus on Bank of America Corporation (BAC), Abbott Laboratories (ABT)
Willingdon Wealth Management sold 36,200 shares as Bank Of America Corporation (BAC)'s stock declined 6.00%. Sky Inv Gp Limited Liability reported 14,528 shares. Tortoise Investment Management LLC increased its stake in Bank of America Corporation by 27.0% in the fourth quarter. It also upped Vanguard Etf/Usa (VOO) stake by 8,650 shares and now owns 120,712 shares. [Full Article...]
The Royal Bank Of Canada Reaffirms "Buy" Rating for Johnson & Johnson (JNJ)
It closed at $35.22 lastly. It is down 12.54% since July 3, 2016 and is uptrending. It has underperformed by 4.16% the S&P500. Lenox Wealth Advisors Inc. First Republic Investment Management Inc sold 546,428 shares as the company's stock declined 1.05% while stock markets rallied. 16,299 shares valued at $1.99M were sold by Pruden Gary J on Tuesday, February 28. [Full Article...]