Archive for Jennifer Langley

Shell Midstream Partners LP (SHLX) Posts Earnings Results, Hits Estimates

Shell Midstream Partners LP (NYSE:SHLX) posted its quarterly earnings data on Thursday. The company reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36, Market Beat reports. The company earned $76.70 million during the quarter, compared to analyst estimates of $68.55 million. During the same period in the prior year, the firm […]

American Airlines Group Earns “Equal Weight” Rating from Morgan Stanley (AAL)

American Airlines Group (NASDAQ:AAL)‘s stock had its “equal weight” rating reiterated by stock analysts at Morgan Stanley in a research report issued to clients and investors on Monday, reports. They currently have a $50.00 price target on the airline’s stock. Morgan Stanley’s price target indicates a potential upside of 14.05% from the company’s current […]

Management Resource Solutions PLC Rating Reiterated by Northland Securities (MRS)

Management Resource Solutions PLC (LON:MRS)‘s stock had its “corporate” rating restated by investment analysts at Northland Securities in a research note issued to investors on Thursday, MarketBeat.Com reports. Shares of Management Resource Solutions PLC (LON:MRS) opened at 8.50 on Thursday. The stock’s 50 day moving average price is GBX 9.75 and its 200-day moving average […]

Numis Securities Ltd Reaffirms “Hold” Rating for Carillion plc (CLLN)

Numis Securities Ltd reiterated their hold rating on shares of Carillion plc (LON:CLLN) in a report published on Wednesday morning, Analyst Ratings.Net reports. They currently have a GBX 355 ($5.44) price target on the stock. Shares of Carillion plc (LON:CLLN) opened at 301.70 on Wednesday. The company’s market cap is GBX 1.30 billion. The stock […]

Hammerson plc’s “Buy” Rating Reaffirmed at Panmure Gordon (HMSO)

Panmure Gordon restated their buy rating on shares of Hammerson plc (LON:HMSO) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a GBX 825 ($12.54) price target on the real estate investment trust’s stock. Other research analysts have also recently issued research reports about the stock. HSBC raised their […]

Bank of America to Pay a Couple $1M for Automated Calls

A Federal judge has ordered the Bank of America to pay a Florida couple $1 million for a slew of automated calls that occurred over a four-year period. According to the order, the relentless calls violated the Fair Debt Collection Practices Act and the Telephone Consumer Protection Act and as such the bank must pay […]

Noah’s Ark Theme Park Loses $18 Million in State Funding

Just six months after granting the Noah’s Ark Theme Park preliminary approval of an $18 million tax rebate, Kentucky authorities revoked it because of growing concern that only religious people will be hired to run the park. As a result, separation of Church and State would be violated. Since October, demands to remove the tax […]

American Airlines Refreshing Planes at a Tune of $2 Billion

In a statement from American Airlines, the company plans to spend $2 billion to upgrade planes but also hub airports. Having just merged with US Airways last year, this is a big but critical undertaking. One of the hub airports being targeted is Charlotte Douglas International Airport, which will be upgraded with new kiosks for […]

Dollar General Trims Sales View and Committed to Rival Buy

The full-year sales forecast was reined in by Dollar General Corporation as the company confirmed that it will stay committed to purchasing its rival, Family Dollar Stores, Inc. If the sale is approved, it would solidify Dollar General’s place as being the number one discount retailer in the United States. However, if Dollar General does […]

Hershey May Consider the Removal of Corn Syrup

While no decision has yet been made, Will Papa, chief research and development officer with The Hershey Co said the company is thinking about replacing corn syrup with sugar in some of its products. Currently, a mixture of corn syrup and sugar are used but the company is leaning more toward the use of sugar […]

Amazon’s 15,000-Strong Robot Army Ready for Shoppers

As reported by Amazon, over 15,000 specially designed wheeled robots will begin working warehouse floors and assist in getting toys, books, and other products to employees. In addition to these robots being a huge assistance for yesterday’s Cyber Monday shopping, they will continue to benefit throughout the holiday quarter. One year ago, items were hand-picked […]

Sony Investigating Possible North Korean Link to Hacking

Reportedly, an investigation is underway by Sony Pictures Entertaining to determine if North Korea is linked to the cyber-attack that earlier this week knocked out the studio’s computer network. One month prior to Sony Pictures releasing the movie “The Interview”, the attack occurred. This movie is a comedy that follows two journalists recruited by the […]

Christmas Tree Growers Grateful for Higher Prices

Compared to last year, the price of Christmas trees will probably go up this year according to grower John Tillman. Because of decreased demand over the past six years and low prices, some growers have gone out of business but those who survived are happy to have survived. In a statement from Tillman who ships […]

Economy Surpasses Third Quarter Expectations

Reaching its strongest six-month performance in more than 10 years, the nation’s economic output grew faster in July, August, and September than initially estimated by the government. Much of the focus has been on the upcoming holiday shopping frenzy. According to information released from the Commerce Department, gross domestic product showed that people are already […]

Twitter Testing Retailer Discount Feature

Twitter is currently conducting tests on a new feature that would make it possible for users to redeem discounts via tweets from merchants. This clearly shows that Twitter wants to expand efforts pertaining to online commerce. This service is using a technology from CardSpring, Inc. that was acquired this past July. With this technology, linking […]

Prices at the Gas Pump Hit a Four-Year Low

Just ahead of the holiday season, the average price for regular gas at pumps within the United States hit the lowest level recorded since November 5, 2010. According to a survey conducted by Lundberg Survey, Inc., in the two weeks ended November 21, gas prices dropped $0.10 cents to $2.8416 per gallon. Current prices put […]

Mistletoe Drone Introduced by Restaurant Chain

This year, a number of businesses have turned to drones and robots as a way of better meeting customer demands. Just yesterday, Microsoft announced its launch of the K5 robot, which was designed to replace human security guards on the Silicon Valley campus. In addition to the newly launched Microsoft security robot, Amazon has been […]

Microsoft using Security Robots Protect Campus

In an effort to beef up security at Microsoft’s Silicon Valley campus, the company has turned to robots, this according to a newly released report. As such, Microsoft becomes one of the first companies to choose an autonomous robot security guard, referred to as K5. The goal is to increase security presence but without using […]

Macy’s and JC Penney’s Ranks as Best for Black Friday

While some companies are set to disappoint discount shoppers on Black Friday, Macy’s and JC Penney’s are ranked to be the best. Black Friday is just around the corner and to save money, consumers look for retailers that will offer the best discounted merchandise. WalletHub surveyed more than 5,520 advertisements for Black Friday from 22 […]

Toyota Recalling 422,000 Lexus Models Due to Fuel Leak

This has been a tough year for automakers and now the Toyota Motor Corporation is being added to the growing list of companies recalling vehicles. In an official statement, Toyota is planning to recall 422,509 luxury brand Lexus vehicles in the United States only because of a possible fuel leak problem that increases the risk […]

Cyborg Cockroach Uses Sound to Find Disaster Survivors

Researchers at North Carolina State University developed a method of finding disaster survivors using cockroaches. With a circuit board connected to a bug’s brain, various sounds to include human voices are picked up. These and other researchers are excited with the result of the experiment and believe that one day, cyborg cockroaches will save lives. […]

Home Depot Breach Expands Beyond Initial Scope

The breach of Home Depot’s customer card holder accounts is much broader than initially thought. New information released shows this was just the beginning of the attack on the home improvement retail giant. In a press release, Home Depot said information was hacked in September but the breach actually started in April and that along […]

Bank of America Sets Aside $400 Million for Legal Costs

Federal regulators have been investigating the Bank of America Corporation (NASDAQ: BAC) pertaining to the currency market being manipulated. In a recent news release, the bank disclosed that in order to deal with the investigation, its legal costs have increased. As a result, the bank set aside $400 million, which in turn cut into earnings […]

US Jobless Claims Hit a 14-Year Low

According to the US Labor Department, jobless claims declined 10,000 to a seasonally adjusted 278,000. For the first time in more than 14 years, the four-week average for people claiming unemployment benefits dropped 2,250 to 279,000. This means that last week, a fewer number of people applied for unemployment benefits in the United States, indicating […]

Republicans Take Over the Senate

Following yesterday’s election, the full magnitude of the Republican Party’s success is becoming evident. Officials in the White House woke up to find the Republicans appear to be edging toward an even longer list of electoral victories within the Senate than expected. The winner in the state of Alaska remains uncertain although Dan Sullivan, Republican […]

Rolls-Royce Cutting 2,600 Jobs

Britain’s Rolls-Royce is cutting 2,600 jobs as part of the company’s restructuring. In addition to the cuts that will take place over the next 18 months, the finance chief will be replaced. Replacing the existing CFO, Mark Morris, is David Smith who joined the company earlier this year as part of the aerospace segment. The […]

US Consumer Confidence Hits Seven-Year High

The combination of an improving US job market and lower gas prices despite muted economic growth in China an Europe that fueled volatility in financial markets, helped consumer confidence reach its highest level in seven years, this according to the Conference Board research group. Using the group’s index, consumer confidence increased to 94.5 this month, […]

Sanofi Shares Plummet after Diabetes Drug Warning

In today’s trading, French drug maker Sanofi (NYSE: SNY) witnessed a plunge in stock price after a decline in quarterly earnings was reported but also after a warning of pricing pressure on its US blockbuster diabetes treatment. Shares declined 8.4% to $96.97, surrendering gains prior to the announcement. Net profit also slipped by 2.4% in […]

Hints of a Partnership between Apple and Alibaba

During The Wall Street Journal’s WSJD event, Jack Ma, founder and Executive Chairman of Alibaba Group (NYSE: BABA) was approached and asked if a partnership with Apple, Inc. (NASDAQ: AAPL) to combine Apple Pay and Alipay would ever happen. His response immediately drew interest. Ma responded that he would be interested in the prospect and […]

Novartis Selling Holly Springs Facility for $275 Million

Novartis (NYSE: NVS), a Swiss drug company, announced it is selling its flu vaccine business, to include the Holly Springs facility to Australia-based CSL Ltd (ASX: CSL) for $275 million. To analysts and industry officials, the sale does not come as a surprise. The acquisition will result in Novartis’ influenza vaccine business merging with CSL’s […]

Precision Drilling Posts Significant Rise in 3Q Profit

Precision Drilling Corporation (NYSE: PDS), formerly known as Precision Drilling Trust, had a reported better-than-expected 79% rise in third quarter profits, bolstered by higher drilling activity and pricing. Precision saw a rise of 20% in rig utilization within the United States. Revenue for Precision’s contract drilling increased 22% to $447 million or roughly 86% of […]

Cutrale-Safra Wins Takeover Battle for Chiquita

A buyout agreement for a Brazilian orange-juice maker teamed up with an investment firm to acquire Chiquita Brands International (NYSE: CQB) for $742 million is being finalized. This is the third bid since August submitted by the Cutrale Group and Safra Group, which values the company at $14.50 shares. At the closing bell in Friday’s […]

ECB Fails 25 Banks in Stress Test

Yesterday, the European Central Bank (ECB) said that of the 130 Eurozone’s banks, 25 failed the 2014 stress test, a landmark event prior to it taking over supervision. Overall, the results suggest leftover problems under capitalization in the Eurozone focus on the region’s small to medium-sized financial institutions. However, this has raised some questions in […]

KAL-Tencor Announces Leveraged Recapitalization Plan

After announcing a leveraged recapitalization plan late Thursday, which includes a special $16.50 per share dividend, as well as an additional $250 million on its existing buyback, KLA-Tencor shares jumped 6.90%. This deal is equivalent to 23% of the company stock’s current value and a special dividend with an aggregate value of about $2.75 billion. […]

Wall Street Earnings Up while S&P Posts Top Weekly Advance

Wall Street earnings were up in Friday’s trading but the S&P 500 posted its best weekly advance in two years. Gains from companies like Microsoft and Procter & Gamble helped boost US shares but also declining concerns about the deadly Ebola virus spreading. From its low in October, the S&P 500 SPX climbed by 5.5%, […]

Oil Prices Down: Fifth Weekly Loss Posted

For the fifth consecutive week, global oil prices were posted as a loss, this as concerns of high supplies continued to weigh on prices. For months, prices have declined while supply growth outpaced demand. At this time, analysts are taking a “wait and see” position whether Saudi Arabia and other Organization of the Petroleum Exporting […]

Amazon Low 3rd Quarter Results and 4th Quarter Expectations

Despite the upcoming holiday season, Amazon reported disappointing third quarter results and low expectations for fourth quarter profits, this as shares of dropped more than 8% in Friday’s trading. As a result, top analysts now question if Jeff Bezos, company CEO can turn things around. Based on Friday’s plunge, Amazon is now down 28% […]

Could Sears be Facing Extinction?

Hundreds of Sears’ stores around the country are closing and according to experts, after a decades-long decline, the company will probably not recover. As stated by David Tawil, expert in distressed retail companies and cofounder of Maglan Capital, Sears has reached the “point of no return” and now, it is a matter of when it […]