Markets
Amazon profit falls 77 percent, misses estimates
The operating loss at the company's worldwide division, however, widened to United States dollars 724 million from USD 135 million. The company had earned 40 cents per share instead of $1.42 as analysts had expected, according to Thomson Reuters I/B/E/S. [Full Article...]
BT share price slides as accounting scandal weighs on profits
DT and Orange triggered a claim under the warranty after BT's stock market value plunged by nearly £8bn, after the company revealed the extent of a £530m accounting scandal at its Italian operation. Adjusted earnings (before interest, taxation, depreciation and amortization) are expected to be £175 million ($229 million) lower than previously expected, at between £7.5 billion ($9.8 billion) and £7... [Full Article...]
Dow Chemical Company (The) (DOW) Shares Bought by Pacer Advisors Inc
The stock rose 0.61% or $0.4 reaching $66.36. About 705,344 shares traded. It has outperformed by 4.02% the S&P500. Ubs Oconnor Llc increased Scripps (NYSE:SNI) stake by 21,181 shares to 101,142 valued at $7.22 million in 2016Q4. The stock has "Overweight" rating by JP Morgan on Tuesday, August 25. The chemical giant, which is valued at $81.15 billion, has been focusing on high-margin, consume... [Full Article...]
Hot Stock to Watch: JPMorgan Chase & Co. (JPM)
Teachers Advisors LLC boosted its position in J P Morgan Chase & Co by 10.1% in the fourth quarter. The stock increased 0.55% or $0.36 during the last trading session, reaching $65.64. (NYSE:UFI). Mutual Of America Capital Management Llc accumulated 166,736 shares or 0.1% of the stock. Hamilton Point Inv Advsr Limited Liability Com reported 3,798 shares stake. [Full Article...]
Boko Haram terrorists kill 48 in Nigeria
Facts have emerged that at 48 persons died in the attack by Boko Haram terrorists on the oil exploration team to the Lake Chad Basin. "NNPC re-entry into the Chad Basin wasn't misguided". The Nigerian Army, in a statement on Wednesday, said it had rescued all the victims. "Ten were brought yesterday and eight more today". A medical source in the Nigerian Army 7th Division headquarters in Maidu... [Full Article...]
Teekay Offshore Partners LP (TOO) Receives Average Recommendation of "Hold" from Brokerages
Research Firm Zacks boosted Teekay LNG Partners from a strong sell recommendation to a hold recommendation in a study report on early Tue, May 2nd. On Thursday, December 17 the stock rating was maintained by RBC Capital Markets with "Sector Perform". [Full Article...]
Called the cost space company SpaceX
An equity raise of $351 million in July valued SpaceX at $21.2 billion. That valuation is a 75 percent increase over the company's value from its last funding round, a $1 billion investment led by Google and Fidelity in January 2015 that valued SpaceX at $12 billion. [Full Article...]
IDFC Bank Q1 profit rises 65%, bad loans ratio falls y/y
ICICI Bank's net interest income-the difference between interest earned and interest expended- rose by 8 percent on a year-on-year basis to Rs 5,590 crore in the quarter ended June 30 from Rs 5,159 crore in the corresponding quarter a year earlier. [Full Article...]