Finance

Nirav Modi case: Independent valuation of seized articles begins

Nirav Modi case: Independent valuation of seized articles begins Meanwhile, a special court in Mumbai remanded three persons arrested in the Rs 11,400 crore scam in 14-day custody. Gokulnath Shetty and Manoj Kharat are suspected of steering fraudulent loans to companies linked to billionaire jeweller Nirav Modi and entities tied to jewellery retailer Gitanjali , which is led by Modi's uncle, Mehul Choksi . [Full Article...]

Australian PM bans sex between ministers, staff

Australian PM bans sex between ministers, staff Nationals backbencher Llew O'Brien said Mr Joyce is the "best bloke for the job". "Barnaby would have known it would derail the government's line, the government's focus and it really is giving Bill Shorten a free kick", Senator Macdonald told the ABC . [Full Article...]

Daytona 500 favorite Brad Keselowski wrecks out of Can-Am Duel

Daytona 500 favorite Brad Keselowski wrecks out of Can-Am Duel MT (2:30 p.m. ET). Also new in 2018 is more youth ticket options. Also, in a cost cutting move, NASCAR is allowing one less pit crew member over the wall during stops, making for a big challenge for the crews. The turnover of drivers has been running at a high RPM, leaving the sport hungry for a new star upon which to anchor. Gordon was replaced by Chase Elliott (age 22) while Alex Bo... [Full Article...]

Nikolas Cruz Reportedly Intends to Plead Guilty to School Shooting

Nikolas Cruz Reportedly Intends to Plead Guilty to School Shooting The bureau said a caller had contacted them concerned about Nikolas Cruz's gun ownership, erratic behaviour and his disturbing social media posts. Collins said he checked in with his family in Florida and everyone is OK but still a bit shaken. The first two funerals were for Alyssa Alhadeff, 14, a high school athlete, and Meadow Pollack, an 18-year-old senior who had been headed to Lynn Un... [Full Article...]

Winn-Dixie and Tops Grocery Owners Said to Prepare for Bankruptcy

Winn-Dixie and Tops Grocery Owners Said to Prepare for Bankruptcy The owners of Tops Friendly Markets are preparing to file for bankruptcy protection, according to a report from Bloomberg . One of the people said the filing could come as soon as next month. It was hit hard by another blow when the federal government cut subsidies for foot-stamps, whose users contribute close to 10% of the company's revenue each year. [Full Article...]

Why Punjab National Bank fraud of Rs 11000 crore took place

Why Punjab National Bank fraud of Rs 11000 crore took place Police arrested Gokulnath Shetty, who was a deputy manager at Punjab National Bank , and Manoj Kharat, who was described by the source as a "single window operator" at the lender. Noted chartered accountant Vimal Punamiya agreed: "The very incident clearly indicates that there was an act of negligence on the part of PNB management and the auditors". [Full Article...]

Katie Ledecky wonders whether she is related to Ester Ledecka

Katie Ledecky wonders whether she is related to Ester Ledecka Ledecka has several events remaining on her Olympics schedule in South Korea, from the women's parallel giant slalom in snowboarding to the downhill and Alpine combined in skiing. She also took the bronze in the super-G in Vancover. Her reaction of pure incredulity - coupled with the anguish etched across the face of Austria's Anna Veith, who had presumed to have gold wrapped up - promised to be a... [Full Article...]

Swiss freestyle skier Hoefflin wins women's slopestyle at PyeongChang Olympics

Swiss freestyle skier Hoefflin wins women's slopestyle at PyeongChang Olympics No matter. The skiing thing kind of did. Atkin, who won a world championship silver medal past year, was born in the United States and lives in Utah but has a British father. "I went to the hospital and got a CT scan and everything was all right". She had no recollection of it when she watched it on video but managed to block it out during the competition. [Full Article...]

Drilling Down Into Carnival Corporation (CCL)

Icm Asset Management Inc who had been investing in Iamgold Corp. for a number of months, seems to be less bullish one the $2.70B market cap company. The stock increased 1.45% or $1 during the last trading session, reaching $69.75. It dropped, as 32 investors sold Carnival Corporation shares while 232 reduced holdings. FNY Partners Fund LP bought a new stake in shares of Carnival during the 4th qua... [Full Article...]

Saved By Miracle: Alert Airline Agent Saves Teens From Modeling Predator

Saved By Miracle: Alert Airline Agent Saves Teens From Modeling Predator They kept looking at one another in a manner that seemed anxious and fearful and Miracle said her gut feeling told her something was awry. A deputy and airlines agent at Sacramento International Airport are being praised for potentially saving two girls from sex trafficking, according to KTXL. [Full Article...]

Equinix (EQIX) to Release Earnings on Tuesday

Trust Company sold 4,526 shares as the company's stock rose 4.66% with the market. The Riverpark Capital Management Llc holds 59,060 shares with $26.36M value, down from 72,186 last quarter. Among 23 analysts covering Equinix (NASDAQ:EQIX), 22 have Buy rating, 0 Sell and 1 Hold. Therefore 48% are positive. Fox Factory Holding Corp. had 17 analyst reports since August 4, 2016 according to SRatingsI... [Full Article...]

Pfizer Inc. (PFE) and Juniper Networks, Inc. (JNPR) Go Head-to-head

Miura Global Management Llc bought 80,000 shares as the company's stock rose 5.74% with the market. The institutional investor held 254,753 shares of the major banks company at the end of 2017Q3, valued at $18.53 million, up from 203,042 at the end of the previous reported quarter. [Full Article...]

Key Market Mover: Weatherford International Ltd (WFT)

Key Market Mover: Weatherford International Ltd (WFT) It has underperformed by 14.55% the S&P500. Artal Group Sa decreased its stake in Calithera Biosciences Inc (CALA) by 12.5% based on its latest 2017Q3 regulatory filing with the SEC. Therefore 48% are positive. Piper Jaffray Companies set a $6.00 price target on shares of Weatherford International PLC and gave the company a "buy" rating in a report on Saturday, July 29th. [Full Article...]

Precision Drilling (PDS) Set to Announce Earnings on Thursday

However the company reported $-0.08 earnings per share for the same quarter during a year ago. The Relative Volume value measured for Precision Drilling Corporation stands at 1.17. Volatility is a key factor to observe. A statistical measure of the dispersion of returns (volatility) for PDS producing salvation in Investors mouth, it has week volatility of 7.83% and for the month booked as 6.32%. [Full Article...]

RBI says will take 'supervisory action' against fraud-hit PNB

The Punjab National Bank (PNB) reported on Wednesday fraudulent transactions worth Rs 11,360 crore from a single branch in Mumbai . The revelations not only bring under severe stress the Modi government's assertion that the scandal was a "UPA scam" but also punch holes in BJP ministers' defence for inaction: that a letter sent to the PMO in 2016 had mentioned only Choksi's name and not that of ... [Full Article...]

Cloud Peak Energy (CLD) Shares Gap Down After Earnings Miss

BMO Capital Markets maintained it with "Hold" rating and $400 target in Monday, July 3 report. RBC Capital Markets maintained the shares of GM in report on Friday, July 14 with "Hold" rating. Therefore 15% are positive. TheStreet raised Cloud Peak Energy from a "d+" rating to a "c-" rating in a report on Friday, October 27th. (NYSE:CLD) gapped down before the market opened on Friday following a we... [Full Article...]

Peel Hunt Increases Ocado Group (OCDO) Price Target to GBX 570

The rating was maintained by Bernstein with "Market Perform" on Tuesday, December 15. HSBC have a GBX 1850.00 target on the stock. Keefe Bruyette & Woods maintained XL Group Ltd (NYSE:XL) on Friday, May 26 with "Buy" rating. About 221,644 shares traded. GrubHub Inc. (NYSE:GRUB) has risen 94.22% since February 16, 2017 and is uptrending. It has outperformed by 60.10% the S&P500. [Full Article...]

State of Wisconsin Investment Board Grows Holdings in Occidental Petroleum Co. (OXY)

The stock decreased 0.27% or $0.37 during the last trading session, reaching $138.41. 4,075,989 shares of the company were exchanged, compared to its average volume of 4,196,524. Willis Inv Counsel owns 220,820 shares. Department Mb Fincl Bank N A holds 0.25% or 9,213 shares. California Public Employees Retirement System increased its position in shares of Occidental Petroleum by 3.3% during the t... [Full Article...]

Momentum Stock May Face Headwinds: Cisco Systems, Inc. (NASDAQ:CSCO)

CSCO has diverse figures for different time frames; starting from week's performance it has positive performance of 4.34% in last five regular trading sessions. On Monday, September 11 the insider BHATT PRAT sold $821,900. The stock has "Buy" rating by Jefferies on Wednesday, August 2. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. [Full Article...]

Court Trashes Public Protector Busisiwe Mkhwebane, Again

Court Trashes Public Protector Busisiwe Mkhwebane, Again The report was the work of British Intelligence officer Michael Oatley‚ who in 1997 agreed to help the government recover misappropriated apartheid-era public funds. Judge Pretorius said an office such as the Public Protector should always be independent and it was thus reasonable for the banks to have a reasonable suspicion of bias on her part. [Full Article...]


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