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Rajnish Kumar takes over as the new SBI chairman

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Kumar will occupy the office of SBI chairman, that is considered only second to the RBI governor's post, for a fixed term of three years. The foremost requirement for the new SBI is understanding of risks and compliance with new regulations like Insolvency and Bankruptcy Code or ever evolving NPA provisioning norms. Read More »

Cornwall postal workers vote on possible strikes

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The CWU's high profile campaign for a Yes vote saw nearly three quarters of the union's Royal Mail members take part in the vote, sparked by disputes over pensions, pay , working hours and job security. It said it has brought to the CWU's attention the contractual dispute resolution procedures as part of the legally binding Agenda for Growth signed in 2013. Read More »

RBI keeps key rates unchanged at 6%, cuts growth forecast to 6.7%

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The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 percent reduction in rates. The RBI expects inflation to rise from its current level and range between 4.2 per cent and 4.6 per cent in the second half of this year, including the house rent allowance (HRA) by the central government. Read More »

Amazon city? U.S. city offers to rename itself to lure Amazon

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Cities and towns around the country are scrambling to make their pitch to Amazon by October 19, and they're pulling out all the stops to lure in the company. That's the stunt being pulled by Stonecrest, Georgia , a town on the edge of Atlanta. On Thursday, Amazon announced that they are building a second headquarters (HQ2) in North America. Read More »

Ryanair flight escorted into Stansted by RAF jets

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TWO RAF Typhoon fighter jets were scrambled from RAF Coningsby this morning to escort a Ryanair passenger aircraft into London Stansted airport. Flights into and out of Stansted were briefly held while the flight was being diverted , but have now resumed. Read More »

New Rs 100 Notes Coming Soon, Printing to Begin in April 2018

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The printing of these new notes completion of printing of new Rs 200/- currency. Actual size and dimension will remain unchanged to ensure that the notes are compatible to the automatic teller machine (ATM). Ramachandran Birth Centenary". Though it was reported that RBI has launched new Rs 200 note in August, the note is not yet made easily available to the common people. Read More »

Sensex keeps clean slate, rallies 214 pts ahead of RBI rate call

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The gauge had gained 123.91 points in the previous two sessions. Sensex was up by over 36 points or 0.11% at 31,533.59 while the wider Nifty was up by over 12 points or 0.13% at 9,872.35. factory data and the prospect for American tax cuts, Indian markets witnessed gains on Tuesday ahead of the outcome of RBI monetary policy meeting. Read More »

Tesco is spinning its wheels to get nowhere fast

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Pre-tax profit was also up, rising to £ 562m for the first half compared with £71m for the same period a year ago. Amid a Brexit-induced slump in sterling that has squeezed margins at United Kingdom retailers, Lewis has raised prices less than rivals, seeking to offset the impact by using Tesco's scale to eke out better deals from suppliers and slash costs elsewhere. Read More »

Endo International plc (NASDAQ:ENDP): Today's Hot Stock Under Review

Endo International plc (ENDP ) reported sales (ttm) of 4.04 Billion, whereas, 16 number of analysts estimated the mean sale of 775.08 million. The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. Finally, Stifel Nicolaus lowered shares of Endo International PLC from a "buy" rating to a "hold" rating and dropped their price objective for the company from $22.00 to $15.00 in a research note on Friday, June 9th. Read More »

Dem Sen. Compares Vegas Shooting To Newtown, Calls For Immediate Gun Control

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A Philadelphia man was hailed as a hero by the White House for covering students from gunfire amid a mass shooting Sunday at a Las Vegas country music concert . US President Donald Trump speaks to the media while flanked by First Lady Melania Trump before departing on Marine One from the White House. He said in public that his visit would be "a very, very sad moment for me ... Read More »

Ford creates Team Edison group to turbocharge its electric vehicle program

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The new outline for Ford was expected from Hackett , who took over in May for then-CEO Mark Fields. With JMC, its almost one-third-owned venture with JMC Group, Ford was slow to expand the light commercial vehicle maker into low-priced entry passenger cars-a market that has now become saturated with Chinese-branded cars and foreign-operated China-only brands like Baojun and Nissan Motor Co.'s Venucia. Read More »

Zogenix, Inc. (NASDAQ:ZGNX) Sees Stock Price Rise - Up $3.78

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The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . The company's institutional ownership is monitored at 90.1 percent. Zogenix, Inc. (ZGNX ) reported earning per shares for the quarter ending Nov 07 AMC at -0.93, whereas, 4 number of analysts estimated the mean EPS at -0.93. Read More »

European Union will order Amazon to pay back taxes

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In a preliminary ruling the commission said the deal "constituted state aid". Luxembourg's tax practices in particular came under the spotlight after leaked documents revealed details of hundreds of highly favorable deals it has granted to companies including PepsiCo Inc. Read More »

American Spirit: GoFundMe Victims' Fundraiser Raises $684000 In 4 Hours

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Monday morning. GoFundMe, the site where Sisolak built the fundraiser, said it will donate $150,000 to support the victims and their families . As of 9:30 a.m. 'The FBI and the Dept of Homeland Security are working closely with local authorities. Mandalay Bay Resorts is asking for certified trauma counselors to help in Las Vegas . Read More »

All 3 billion accounts hacked in 2013 breach

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Yahoo said it's alerting additional affected user accounts. Payment card data and bank account information, however, were not part of the leak, the new investigation confirmed. The revised number of accounts includes those that may not have been "active" users at the time, meaning account holders who do not regularly log in, according to a person familiar with the matter, who spoke on condition of anonymity to discuss the investigation. Read More »

More than $2.9M donated to official Las Vegas victims' GoFundMe

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The 64-year-old man fired from the 32nd floor towards a huge crowd enjoying country music by Jason Aldean . Once he was told about the attack, Turner did exactly what you'd expect a gun rights advocate to do after the worst mass shooting in modern American history: He blamed everything but the gun itself. Read More »

Ford Could Bring Electric Motor Engineering, Production In-House

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He stated the group will be based in the Detroit location and deal with local Ford vehicle electrification groups in China and Europe. The new group will report to Ted Cannis, who is named global director of electrification. The formation of Team Edison is likely the outcome of this review, although Ford has not confirmed that to be the case. Those connections are expected to be key as the automaker competes to bring autonomous and electric-vehicle technologies to market. Read More »

Is Laredo Petroleum, Inc. (NYSE:LPI) a great bet right now?

It has a 26.27 P/E ratio. It operates through two divisions: Exploration and production of oil and natural gas properties, and Midstream and marketing. 123 funds opened positions while 564 raised stakes. The stock exchanged hands 12.01 Million shares versus average trading capacity of 3.16 Million shares. Read More »

Centre slashes excise duty on petrol, diesel by Rs 2 per litre

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Post revision effective from 4 October excise duty on Petrol will reduce to Rs 19.48 per liter and Rs 15.33 per liter for Diesel. "This decision (to cut excise duty) has been taken by the Government in order to cushion the impact of rising worldwide prices of crude petroleum oil and petrol and diesel on retail sale prices of petrol and diesel as well as to protect the interest of common man", the statement said. Read More »

Endocyte's (ECYT) Hold Rating Reaffirmed at Cowen and Company

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Its book value per share for the most recent quarter is $2.73 while its price to book ratio for the same period is 1.33, as for as the company's cash per share for the most recent quarter is $2.79, however its price to cash per share ratio for the same period is 1.3. Read More »

Frontier Communications Corpora (NASDAQ:FTR) Experiences Lighter than Average Trading Volume

Frontier Communications Corporation's beta is 0.63 whilst the stock has an average true range (ATR) of 0.59. The firm has "Neutral" rating given on Tuesday, November 15 by Sidoti. The stock exchanged hands with 763,361 numbers of shares compared to its average daily volume of 2.83M shares. The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Read More »

Epoch Investment Partners Inc. Reduces Position in Seagate Technology PLC (STX)

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The stock now has Monthly Volatility of 2.81% and Weekly Volatility of 2.41%. Craig-Hallum has upgraded Seagate Tech (NASDAQ: STX ) from Hold to Buy in a report released on 10/02/2017. At the close of regular trading, its last week's stock price volatility was 12.46% which for the month reaches 7.97%. Arizona State Retirement System increased Seagate Technology ( STX ) stake by 32.35% reported in 2017Q2 SEC filing. Read More »

Next Weeks Broker Price Targets For Sarepta Therapeutics, Inc. (NASDAQ:SRPT)

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The average investment recommendation for SRPT , taken from a group of Wall Street Analysts, is 1.80, or a buy. Therefore 53% are positive. Dynamic Materials had 10 analyst reports since October 19, 2015 according to SRatingsIntel. Fiera Capital stated it has 7,100 shares or 0% of all its holdings. Successfully tackling the equity markets may involve owning a wide range of stocks. Read More »

General Motors Company (GM) Given "Buy" Rating at Citigroup Inc

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The ratio also provides a clue to how much investors are paying for what would be left if the company went bankrupt immediately. BlackRock Inc. lifted its stake in General Motors by 1.1% in the 2nd quarter. Systematic LP has 0.03% invested in General Motors Company (NYSE:GM). As of the last earnings report the EPS was $5.75 and is projected to be $6.13 for the current year with 1,457,208,000 shares presently outstanding. Read More »

Publix, Aldi ground turkey impacted by recall after metal shavings found

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Extraneous materials were found in ground turkey. The turkey was shipped to stores in Florida , Alabama, Connecticut, Georgia, New York, North Carolina, South Carolina, Pennsylvania, and Tennessee. The fresh ground turkey was produced on September 25 and 26, 2017. There have been no confirmed reports of adverse reactions due to consumption of these products. Read More »

FCA Recalling 700K Utes for Brake Problem

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The recalled vehicles had brake booster shields installed under a previous campaign to prevent water from entering the brake booster and limiting braking ability. Only one crash was reported due to the brake malfunction, without causing any injury to the passengers. Apparently, shields created to protect the booster may may have been incorrectly installed during a fix from a previous campaign in 2014. Read More »

Walmart will test same-day delivery with purchase of Parcel

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The company's built a proprietary database of routes and information on every NYC building to which it's delivered, down to minute details (like, say, the most convenient entrances). The startup already boasts partnerships with several meal kit services and other e-commerce brands, and a Walmart spokesperson says those contracts will continue under its ownership. Read More »

Walmart Acquires New York Delivery Company Parcel

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Both sides declined to reveal the terms of the deal, but Recode reported that Parcel's price was less than $10 million. Parcel launched in 2013 to help city dwellers get their packages at convenient times. "The traffic in a place like New York City tends to be a pretty big obstacle that we've done an awesome job of optimizing for", Parcel CEO and founder Jesse Kaplan said. Read More »

Amazon's Whole Foods Lures New Shoppers From Wal-Mart, Sprouts

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Trader Joe's and Sprouts Farmers Market Inc. may be hurting the most so far. Overall, the report found that foot traffic at Whole Foods rose sharply after the August 28 rollout of price cuts, caused mainly by new customers, but has since that time settled in at lower, but still elevated levels. Read More »

Drink Company Britvic Closes His Norwich Plant

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Chief executive Simon Litherland said: "Britvic is proud to be a British manufacturer and Norwich has been an important site for our business for many years". Although no decisions have been made, we need to recognise that Britvic's proposed withdrawal would have serious implications for Unilever in Norwich. Read More »

Buffett's Berkshire aims to be biggest shareholder in Pilot Travel Centers

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Beyond truck stops, Buffett's unexpected investments include companies such as Duracell, the Pampered Chef, See's sweets and toy/party supply company Oriental Trading Co. Since then, CEO Kevin Clayton has continued to head the company, which has maintained its offices at its home base in Blount County. Haslam said Berkshire's financial resources will help the company grow by building more locations or possibly acquiring competitors. Read More »

Indiana Couple Swindled $1.2 Million Out of Amazon

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According to police reports, Erin Finan (38) and Leah Finan (37), couple who lived in IN, sent a report to company with pretext that y were constantly broken , broken or not working for products y ordered. The items in question included GoPro digital cameras, Xboxs, Samsung smartwatches, and Microsoft Surface tablets. It appears as though the Finan's were victims of a con as well: For the more than $1.2 million in goods they ordered and ended up not paying for on Amazon , they only ... Read More »

FT: Banks Squeeze Record ATM Fees from Customers

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Seattle, San Francisco, Milwaukee, and Dallas are among the lowest. "Knowing where you can make free ATM withdrawals and monitoring your available balance to avoid overdrafts are as close as your smartphone". ATM and overdraft fees have reached an all-time high, according to an annual Bankrate checking survey , which has studied non-interest and interest accounts over 20 years. Read More »

Uber boss to meet London's transport boss in licence dispute

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It comes ten days after Transport for London ruled Uber was unfit to operate in the capital . Despite Bertram's reference to "current challenges", sources close to the company said her departure had been planned for some time and was not related to Uber's efforts to avoid losing its London licence. Read More »