Money

Author: 0 EIA raises Brent price forecast to $55 for 2017

The price for Brent crude oil was 0.5 percent below yesterday's close to $54.78 per barrel about a half hour before USA markets opened. Overall, the EIA forecasts Brent crude oil prices to average $55 per barrel in 2017 and $57 per barrel in 2018, West Texas Intermediate (WTI) crude oil prices are forecast to average about $1 per barrel less than Brent in 2017.

Author: 0 Ford Expedition Goes Aluminum for '18

In fact, 44 percent of the today's auto industry is SUVs. With regards to the two as-yet-unidentified Ford SUVs, supplier sources told Auto News that "one is based on the next-generation Focus small vehicle...while the other could be based on the next-generation of the subcompact Fiesta".

Author: 0 'Fantastic Beasts,' HBO and Turner Lead Time Warner to Strong Q4

It also posted earnings of $1.83 per share, which was a 46% y-o-y increase. Home Box Office revenues increased 6 percent to $1.49 billion, due to an increase of 5 percent in subscription revenues and 7 percent in content and other revenues.

Author: 0 Brazil files WTO complaint against Canada after aid for Bombardier

The provincial government of Quebec, where Bombardier is based, already had injected $1B into the CSeries program, and the province's largest pension fund invested $1.5B in the company's rail unit a year ago. Embraer chief executive officer Paulo Cesar Silva said the subsidies have helped the CSeries program survive and allowed Bombardier to sell the planes at below market low prices.

Money Essex's Cook resigns as England captain
Author: 0 Essex's Cook resigns as England captain

He was appointed captain in 2012 after Andrew Strauss's retirement and has since led the team to Ashes victories at home in 2013 and 2015, as well as series wins in India and South Africa. " I don't think it changes me". "I think Joe would do a terrific job", said Gale. "He has got a very good cricket brain, he is part of a newer generation and he's a bloody good cricketer".

Author: 0 Aldi strengthens grip on United Kingdom supermarket sector

Mr McKevitt said: "A significant own label sales increase of 7% was behind [Co-op's] strong performance, with healthier ranges successfully catering to consumers' good intentions for the new year". Sales at Walmart's United Kingdom unit, Asda, fell 1.9% to £4.3 billion ($5.3 billion) for the 12 weeks to January 29, making it the only grocery store experience a decline.

Money Michael Kors records
Author: 0 Michael Kors records "disappointing" quarter

The days of overblown price-to-earnings measures are gone, too - Michael Kors is now priced at just 8 times fiscal 2017 estimates of $4.38 per share. The current consensus estimate compares to last year's same quarter result of $1.59 a share and an increase of 2.52%.

Money RBI Monetary Policy Preview: A Possibility Of 25 Basis Points Rate Cut
Author: 0 RBI Monetary Policy Preview: A Possibility Of 25 Basis Points Rate Cut

Railway coach maker Titagarh Wagons Ltd rose as much as 7 percent after getting a contract worth one billion rupees from the Ministry of Earth Sciences. The Reserve Bank should cut interest rate by 0.5-0.75 percent in view of dismal credit growth as well as subdued demand and, along with government, nudge banks to pass them on at a time when demonetisation has led to "windfall gains", an industry body said.

Money Oil Prices Lower as Investors Speculate on Supply
Author: 0 Oil Prices Lower as Investors Speculate on Supply

Later, non-OPEC countries agreed to cut the output by 558,000 barrels per day during the meeting held December 10, 2016. Ten OPEC members obligated to reduce oil output under the agreement signed in 2016, achieved 91 percent of their required cuts in January, according to the S&P Global Platts survey.

Money BP returns to profit in 2016 on slashed costs
Author: 0 BP returns to profit in 2016 on slashed costs

For 2017 BP said it aims to divest assets worth between US$4.50bn to US$5.50bn, while after that annual divestments will average between US$2.00bn to US$3.00bn a year. Underlying replacement cost profit per share was 2.11 cents, compared to 1.06 cents past year. Everything we have done during the year has made us a more resilient and competitive company.

Author: 0 Uber Hires Former NASA Engineer for Flying Cars Project

Apparently Moore won't be constructing an actual flying auto system just yet but will instead work on addressing isolated problems specific to Vertical Take-Off and Landing (VTOL) aircraft like "noise pollution, vehicle efficiency, and limited battery life", Bloomberg notes.

Money Bernie Sanders Responds To His Balenciaga Tribute
Author: 0 Bernie Sanders Responds To His Balenciaga Tribute

Trump signs an order to review the Dodd-Frank Wall Street to roll back financial regulations of the Obama era. He singled out the appointment Treasury Secretary-designate Steve Mnuchin, a former Goldman Sachs executive who also ran a mortgage bank that foreclosed on tens of thousands of borrowers during the financial crisis.

Money Riley Analysts Boost Earnings Estimates for Brooks Automation, Inc. (BRKS)
Author: 0 Riley Analysts Boost Earnings Estimates for Brooks Automation, Inc. (BRKS)

The company has a 50-day moving average price of $17.35 and a 200-day moving average price of $14.57. Also, the current price highlights a discount of 3.14 to analysts' high consensus price target. Brooks Automation, Inc . (NASDAQ:BRKS) topped its 52-week high price of $20.98 on Feb 2, 2017 and 52-Week Low Price of $8.33 on Feb 11, 2016. Brooks Automation, Inc .is now showing 100% EPS growth this year.

Author: 0 Kristen Stewart Spices Up 'SNL' Monologue With F-Bomb

Enough so, in fact, that she blurted out an F-bomb like it was nothing and then was immediately embarrassed. "I don't think he likes me very much", she said with a sly grin, before reading aloud some (very real) tweets that Trump sent into cyberspace during her public breakup with Twilight co-star Robert Pattinson in 2012.

Author: 0 Chipotle shares slip as earnings misses Street view

With 12 of 22 analysts rating the shares a "hold" or worse, however, a round of bullish brokerage notes could provide the fuel the shares need to reach new highs. Stock institutional ownership is 92.40% while insider ownership includes 1.58%. Finally, BTIG Research restated a "neutral" rating on shares of Chipotle Mexican Grill in a report on Wednesday.

Money Ralph Lauren Corporation (NYSE:RL)
Author: 0 Ralph Lauren Corporation (NYSE:RL)

It has been suggested as "Buy Opinions" from 3 and 0 issued "Sell Thoughts" for the stock. "Outperform View" rating was revealed by 4 and "Underperform Signal" rating was issued by 0. During the same quarter previous year, the business earned $2.13 earnings per share. The difference between Actual EPS and Estimated EPS was 0.19 Percent.

Author: 0 Britain set for economic battle between strong growth and soaring prices

A report into the United Kingdom economy's biggest sector, which spans banks to hotels and hairdressers, showed firms suffered their first slowdown for four months in January. Chris Williamson, chief business economist at the survey's compilers, IHS Markit, said the January slowdown followed a strong finish to 2016. "When all of the above is taken together with this week's Manufacturing PMI release, it is clear that 2017 has gotten off to a bright start for much of the private sector in ...

Author: 0 10 interesting things from Snapchat's IPO filing

Snap lost $514 million in 2016. Snapchat , err Snap Inc ., just made the papers for its long-awaited initial public offering appear. Venture capital firms Benchmark Capital Partners and Lightspeed Venture Partners , which have 131 million and 86 million shares respectively, will make $2.1 billion and $1.4 billion.

Money Lockheed, Pentagon announce $8.5 billion F-35 order
Author: 0 Lockheed, Pentagon announce $8.5 billion F-35 order

The Pentagon and Lockheed Martin have reached a deal on the 10th batch of F-35 Joint Strike Fighters, White House Press Secretary Sean Spicer announced on Friday. "We continue to work with Industry to drive costs out of the program". He even went so far as to ask one of Lockheed's competitors, Boeing , to "price out a comparable F-18 Super Hornet", as an alternative to the F-35.

Money Riccardo Tisci exits as creative director at Givenchy
Author: 0 Riccardo Tisci exits as creative director at Givenchy

He continued: "I want to thank the LVMH group and Monsieur Bernard Arnault for giving me the platform to express my creativity over the years". Upon the announcement of his departure to the media, Tisci released the following statement: "I have a special affection for the House of Givenchy and its teams".

Money CBS Radio merging into Entercom; 4 Pittsburgh stations included
Author: 0 CBS Radio merging into Entercom; 4 Pittsburgh stations included

CBS had said early a year ago that it would explore strategic alternatives for its radio business. "The combination of a compelling strategic fit, an excellent balance sheet, and robust free cash flow generation, position us to create significant shareholder value for our investors".

Money Uber says won't withdraw UberPool services in Bengaluru as ban looms
Author: 0 Uber says won't withdraw UberPool services in Bengaluru as ban looms

According to Karnataka's government, which has shown little interest in amending archaic regulations in the past, pool services from Uber and Ola violate contract carriage permit. However, Ola executives told Live Mint on condition of anonymity that they too won't be stopping the service. He however added that the department understands the benefits of sharing rides and is looking into the matter accordingly.

Money US Employers Add 227000 Jobs; Trump Applauds Numbers
Author: 0 US Employers Add 227000 Jobs; Trump Applauds Numbers

Nationally, the number of long-term unemployed meaning those jobless for 27 weeks or more was unchanged at 1.9 million and accounted for 24.4 percent of the unemployed, according to number released Friday. But manufacturing with a gain of 5,000 jobs last month faces headwinds between automation and the strong dollar, which prices US goods at a premium.

Author: 0 Trump says he'd like to speed up the start of NAFTA talks

Speaking to a group of senators at the White House, President Donald Trump called NAFTA "a catastrophe for our country", and said he would like to speed negotiations, if possible. President Donald Trump has vowed to scuttle NAFTA, which also includes Canada, if he can not recast it to benefit U.S. interests, raising the risk of a major economic shock for Mexico.

Author: 0 Facebook Is Rapidly Approaching The Two Billion Monthly User Mark

Q4 saw a 53 per cent year-on-year (YoY) increase in Q4 ad revenues, up to $8.63bn (£6.81) from $5.64bn in 2015. Facebook has solidified its position as No. The company is testing new mid-roll video advertising products in the hopes it can encourage professional content producers to publish more video to the platform.

Author: 0 Donald Trump trade adviser says Germany using 'grossly undervalued' euro

Peter Navarro, the head of Mr Trump's new National Trade Council, told the Financial Times the euro was like an "implicit Deutsche Mark" whose low valuation gave Germany an advantage over its key partners. Germany runs a massive trade surplus, exporting far more goods than it imports. The U.S. and other European countries have long criticized Germany for its trade deficit, though typically in subtler and more diplomatic tones.

Money Snapchat Publicly Files for IPO
Author: 0 Snapchat Publicly Files for IPO

In documents filed with the Securities and Exchange Commission, Snap said it took in $404 million in revenue a year ago but lost $515 million. Snapchat's parent company Snap is reportedly working on lenses that will interact with landscapes and objects.

Money Novak Says Domestic Oil Producers May Speed Up Output Cuts In Feb
Author: 0 Novak Says Domestic Oil Producers May Speed Up Output Cuts In Feb

United States crude oil stockpiles increased by 6.5 million barrels to 494.76 million barrels, according to the Energy Information Administration. Crude oil prices experienced increased volatility following Wednesday's EIA report, but managed to shake off the negative data as the market has been getting very strong reports from the OPEC and non-OPEC camp.

Money Uber is pretty much throwing in the towel in Taiwan
Author: 0 Uber is pretty much throwing in the towel in Taiwan

Uber, which entered Taiwan four years ago, said the move to halt its operations effective February 10 is a bid to "reset the conversation" with the Taiwanese government, which has ordered Uber to pay $4.25 million in back taxes and fines. Is Uber a transportation company or technology platform? Cheng, a member of the Legislature's Transportation Committee, also said the government should take advantage of new technologies to upgrade Taiwan's taxi services.

Money GoPro Karma Drone Back On Sale
Author: 0 GoPro Karma Drone Back On Sale

Really, it was an easy decision but hard news to share", the company said in a blog post. It was all downhill after that. To make things worse, the Hero-maker announced by the end of November that it was cutting 15 percent of its labor force.

Money Florida woman says she was thrown off spirit flight for cleavage
Author: 0 Florida woman says she was thrown off spirit flight for cleavage

Trouble seeing the video? On Facebook , Supp posted that "there were no nuns or Muslims on board and no one could see her in the center seat unless they tried anyway". The Spirit Airlines reiterated that the woman was taken off the flight because she was drunk and was disturbing other passengers. "The flight attendant made that decision [to remove the woman], and as she was leaving, she [the flight attendant] said, 'By the way, you might want to cover up.' It was more of a personal ...

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