Business

Law firm launches £4bn equal pay claim against Tesco

Law firm launches £4bn equal pay claim against Tesco The lawyers argue that in-store employees, who are largely women, are paid far less than those in the male- dominated distribution centers, even though their work is of equal value to the company. Leigh Day believes as many as 200,000 Tesco workers are affected by this pay gap. Leigh Day believes more workers will join the Tesco case as it progresses. [Full Article...]

Workers should be able to keep their tips, says Virginia AG

Workers should be able to keep their tips, says Virginia AG Responding to emailed questions from Little Village , Geoff Greenwood, communications director for the Iowa Attorney General's Office, said, "Attorney General Miller is concerned that this proposed rule change will result in Iowa workers losing significant earnings, because employers would be allowed to pocket tips earned by employees who are paid the federal minimum wage". [Full Article...]

Vipshop (VIPS) Rating Increased to Buy at Nomura

Clough Capital Partners LP who had been investing in Franklin Res Inc for a number of months, seems to be bullish on the $21.44 billion market cap company. The consensus rating is 2.2, suggesting the market has given up on the stock. "EPS growth for the next 5 years is 1.25 percent". It also reduced its holding in Credit Accep Corp Mich (NASDAQ:CACC) by 32,500 shares in the quarter, leaving it w... [Full Article...]

Antero Midstream GP LP (NYSE:AMGP) Announces Dividend Increase - $0.08 Per Share

Antero Midstream GP LP (NYSE:AMGP) Announces Dividend Increase - $0.08 Per Share The firm has "Equal-Weight" rating by Barclays Capital given on Monday, November 9. Goldman Sachs reinitiated the shares of ENBL in report on Friday, November 17 with "Neutral" rating. Market capitalization is important because company size is a basic indicator of multiple characteristics in which investors are interested in, including risk. [Full Article...]

Korean President Rides In, Praises Hyundai's Nexo AV

Korean President Rides In, Praises Hyundai's Nexo AV THE world's first self-driving, hydrogen vehicle has completed its debut journey completely unassisted. The vehicles used for the demonstration were "futuristic vehicles" that closely represent Hyundai's three visions for future mobility: connected mobility, freedom in mobility and clean mobility. [Full Article...]

NJ To Contract Only With Firms Following Net Neutrality

NJ To Contract Only With Firms Following Net Neutrality This means providers of broadband will not be allowed to throttle traffic or to create fast lanes on the internet. Jessica Gonzalez, CEO of Incharged , a Newark-based operator of cell phone-charging stations, also spoke at the governor's press conference. [Full Article...]

Today's Brokerage Rating: Abbott Laboratories (ABT), Caterpillar Inc. (CAT)

About 11.55M shares traded or 75.57% up from the average. Barclays PLC (NYSE:BCS) has risen 11.07% since February 6, 2017 and is uptrending. It has outperformed by 22.05% the S&P500. Perigon Wealth Ltd Limited Liability Company has 2,391 shares. Since August 16, 2017, it had 0 insider purchases, and 8 selling transactions for $41.44 million activity. [Full Article...]

Billionaire Patrick Soon-Shiong to Buy LA Times

Billionaire Patrick Soon-Shiong to Buy LA Times The transaction would include The Times and The San Diego Union-Tribune, these people said. Real estate magnate Doug Manchester bought the paper and its Mission Valley real estate in November 2011, then sold the paper in May 2015 to the Tribune Publishing Co. [Full Article...]

Going Through the Chart for Kite Realty Group Trust (KRG)

The company's stock had a trading volume of 1,473,068 shares, compared to its average volume of 810,365. It has underperformed by 33.32% the S&P500. Zions Bancorporation acquired a new stake in Kite Realty Group Trust during the 3rd quarter valued at $111,000. [Full Article...]

Brokerage Overview of: Exxon Mobil Corporation (NYSE:XOM)

Brokerage Overview of: Exxon Mobil Corporation (NYSE:XOM) Investors who are keeping close eye on the stock of Exxon Mobil Corporation (NYSE: XOM ) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 5.87 and sector's optimum level is 35.04. [Full Article...]

Broadcom presents 'best and final' offer for Qualcomm

Broadcom presents 'best and final' offer for Qualcomm The Singapore chipmaker made a "best and final" offer of $82 a share - higher than its - and privately met Monday with leading Qualcomm shareholders in NY, sources said . The Singapore-based firm said it was prepared to pay a "significant" fee to Qualcomm if the two companies agree but the deal is blocked by regulators. [Full Article...]

GM Loses $4.9B in Q4 But Beats Estimates

Baker Avenue Asset Management LP now owns 88,807 shares of the auto manufacturer's stock worth $3,102,000 after purchasing an additional 3,601 shares in the last quarter. Balentine LLC raised its holdings in Ford Motor by 4.0% during the second quarter. Following the transaction, the insider now directly owns 101,159 shares of the company's stock , valued at approximately $1,246,278.88. [Full Article...]

Asia markets plunge after record-breaking loss on Wall St

Asia markets plunge after record-breaking loss on Wall St Bitcoin was under pressure again Tuesday, trading 5.9 percent lower at $6,509. Hong Kong's benchmark Hang Seng Index plummeted 5.15 per cent, its biggest daily percentage drop since August 2015, to 30,595.42. Financials led the slide, taking 53 points off the index. Wall Street was poised to open lower. But small-caps, which last week suffered their biggest weekly loss in a year, continued t... [Full Article...]

Marathon Petroleum Corporation (MPC) — Trending Stock Alert

GS trades with a P/S ratio of 2.31. SodaStream International Ltd. (NASDAQ:SODA) has risen 180.89% since February 5, 2017 and is uptrending. It has outperformed by 29.50% the S&P500. Federated Investors Pa reported 43,298 shares. Sei reported 512,817 shares. MPC's fully integrated system provides operational flexibility to move crude oil, NGLs, feedstocks and petroleum-related products efficiently ... [Full Article...]

'There's genuine carnage out there': Global markets tumble, mirroring Dow decline

'There's genuine carnage out there': Global markets tumble, mirroring Dow decline U.S. President's Donald Trump has repeatedly touted the bull market since his election as proof of his capability of managing the country's economy. The original trigger for the equities sell-off was a sharp rise in USA bond yields late last week after data showed U.S. wages increasing at the fastest pace since 2009. [Full Article...]

Volatility grips world stock markets as FTSE 100 bleeds £50bn

Volatility grips world stock markets as FTSE 100 bleeds £50bn The percentage drop in Australia was large enough to wipe out four months of gains. But a key USA jobs report on Friday, showing better-than-expected wage data, spooked sentiment because it raised the prospect of the U.S. In a statement to CNBC, a White House official said: "We're always concerned when the market loses any value, but we're also confident in the economy's fundamentals". [Full Article...]

Explainer - Why higher wages are whacking global stock markets

Explainer - Why higher wages are whacking global stock markets The BEER ratio ( bond yield/equity yield) now stands at 1.85, suggesting that equities are overvalued. Adding to the uncertainty is a changing of the guard at the Fed, and lack of clarity on how a Jerome Powell-led central hank will react to market ructions. [Full Article...]

Crude palm oil futures fall 0.30% on profit-booking

Crude palm oil futures fall 0.30% on profit-booking Michael Lynch , president of Strategic Energy & Economic Research, shared LaRose's concerns by remarking , "This is contagious from the financial markets and the equity market, especially; people worry that the demand may be not as robust over the next couple of quarters as people have been anticipating". [Full Article...]

'Dancing With the Stars

'Dancing With the Stars The Iowa Department of Transportation noted on Twitter that as of 6:20 p.m., both directions of I-35 had reopened. Five people died and dozens were injured in more than 650 crashes on snow-covered Missouri roads, and authorities said up to 50 vehicles collided on a freeway in Iowa. [Full Article...]

Global markets follow Wall Street, plunge after USA losses

Global markets follow Wall Street, plunge after USA losses Since the start of the sell-off, which began at the end of last week, the Dow Jones and S&P 500 indices have lost 6.6 per cent and 5.7 per cent respectively. The markets have been unusually calm since late 2016, and he said investors were betting that would continue. The euro was up 0.4 percent at $1.2415 while the dollar rose 0.1 percent to 109.22 yen. [Full Article...]


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