• Best stocks of the day: Marathon Oil Corporation (MRO)

    Best stocks of the day: Marathon Oil Corporation (MRO)

    Markets

    However, the stock is trading at -7.47% versus recent highs ($54.59). The 52-Week High range of the stock is $19.28, while the 52-week low range is $9.65. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of USA and worldwide copyright and trademark law.
  • Craig Hallum Comments on General Motors Company's Q1 2017 Earnings (GM)

    Craig Hallum Comments on General Motors Company's Q1 2017 Earnings (GM)

    Markets

    Vetr upgraded shares of General Motors Company from a "sell" rating to a "hold" rating and set a $36.41 price objective for the company in a research report on Monday, January 23rd. Also, insider Stefan Jacoby sold 2,540 shares of the stock in a transaction that occurred on Monday, January 9th. Meanwhile, Group Vice President Fowler Bennie W.
  • Aberdeen, Standard Life merger creates real estate giant

    Aberdeen, Standard Life merger creates real estate giant

    Markets

    Standard Life chairman Sir Gerry Grimstone will become chair of the new board with Aberdeen chair Simon Troughton deputy-chair. That reflects Aberdeen's £3.8bn market capitalisation and Standard Life's £7.5bn value. If Aberdeen and Standard Life complete their merger, Lloyds Banking Group - a 10% shareholder in Aberdeen - will hold a small stake in the combined group.
  • Deutsche Bank launches $8.5 billion capital hike amid heavy restructuring

    Deutsche Bank launches $8.5 billion capital hike amid heavy restructuring

    Markets

    These include retaining Postbank and integrating it with the Bank's existing German retail and commercial business and a sale of a minority stake in Deutsche Asset Management via an initial public offering. Prior to the plan announced on Friday, Cryan had been focused on selling Postbank to raise capital. "The capital increase will reinforce our financial strength substantially".
  • Chinese PM warns world entering period of political and economic upheaval

    Chinese PM warns world entering period of political and economic upheaval

    Markets

    Canberra should therefore be able to factor in relatively strong commodity prices through much of this year, albeit lower than the recent highs experienced by coal and iron ore. By 2025, China would outspend all other states in the Asia-Pacific combined, the consultancy predicted. Last year, Beijing set a 2016 budget deficit target of 3 percent of GDP.
  • PSA Board Approves Opel Takeover

    Markets

    GM it seems is finally dumping its European vehicle business which was long standing and losing out money making its auto business unprofitable. Sources close to the GM-PSA talks had said on Thursday they were progressing well after the companaies narrowed differences on about $10 billion in Opel pension liabilities and other issues.
  • Dollar Continues to Strengthen as Odds For March Rate Hike Improve

    Markets

    The reality is that the current environment-whether it is low financial stress, ultra-low market volatility, good United States dataflow, firmer USA inflation, the fact the Dollars has given up half of its post-election gains, stocks at the all-time highs, Treasury yields well off the recent highs (even after the latest move), and the fact that the global economic backdrop has improved-makes a March hike extremely "digestible".
  • Shedding Light On Growth Forecasts For Abercrombie & Fitch Co. (NYSE:ANF)

    Markets

    For the most recent quarter, quick ratio was 1.2, current ratio was 2.2, LT Debt/Equity ratio was 0.28 and Total Debt/Equity ratio was 0.28. The stock has a high price target of $19 according to consensus of 20 analysts. Baird trimmed its F2017 EPS estimate to ($0.13), implying EBITDA near $205M (+LSD%). Hence, it's not surprising that some companies are known for routinely beating earning projections.
  • Stocks open lower on Wall Street

    Stocks open lower on Wall Street

    Markets

    WALL STREET HIGHS: The Dow rose above 21,000 points for the first time on Wednesday in what was the biggest gain for the blue-chip index so far this year. Since US President Donald Trump's inauguration, there has been increased confidence in the market, although a "wait and see" attitude remains as the Republican's policies have yet to come to fruition.
  • What Time Is The Snap IPO Expected to Begin Trading?

    What Time Is The Snap IPO Expected to Begin Trading?

    Markets

    Wall street was decked out in the now famous Snapchat ghost logo and vending machines selling spectacles. Signage for Snap Inc., parent company of Snapchat, is displayed on monitors on the floor New York Stock Exchange (NYSE) before the opening bell, March 2, 2017 in New York City.