Finance

Indian police arrest three people in $1.8 bln PNB fraud case

Indian police arrest three people in $1.8 bln PNB fraud case

Representatives for Modi did not respond to several requests seeking comment. SBI had said that it has a $212-million (nearly Rs 1,400-crore) exposure to loans against LoUs. "Of the total loan portfol...

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Gitanjali Gems shares tank 20 pc, mcap erodes by 140 cr

Gitanjali Gems shares tank 20 pc, mcap erodes by 140 cr

Morgan Stanley estimated on Thursday if PNB had to assume all the liability from the fraud it would need 80 billion rupees ($1.25 billion) in additional capital, which at the stock's current valuati...

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Morgan Stanley Boosts Ocado Group (LON:OCDO) Price Target to GBX 545

The firm has "Neutral" rating given on Wednesday, June 1 by BNP Paribas. On Thursday, February 1 the stock rating was maintained by Numis Securities with "Add". 225,280 were accumulated by Raymond Jam...

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Winn-Dixie owner Bi-Lo preparing for bankruptcy filing

Winn-Dixie owner Bi-Lo preparing for bankruptcy filing

Bloomberg reports the supermarket chain that owns Winn-Dixie will be preparing for a bankruptcy filing. "The moves threaten to force older chains to either consolidate or revamp their operations". T...

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CBI arrests 2 PNB officials

CBI arrests 2 PNB officials

Sources have told India Today that just before the first week of January this year, PNB's Brady House branch received claims from Allahabad Bank and Axis Bank's Forex branches for which LoUs issu...

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Olympic disappointment on slopes continues as Vonn misses podium at super-G

Olympic disappointment on slopes continues as Vonn misses podium at super-G

Lindsey Vonn had a strong run going in the Olympic super-G until a mistake near the bottom cost her a PyeongChang Olympic medal. The 22-year-old is among the favourites in next week's parallel gi...

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Saved By Miracle: Alert Airline Agent Saves Teens From Modeling Predator

Saved By Miracle: Alert Airline Agent Saves Teens From Modeling Predator

The two girls flew home with their parents on that Thursday. Miracle discovered the girls' flights were either one-way or multi-stop tickets paid for with a fraudulent credit card. They said they woul...

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Under Analyst's Radar: Precision Drilling Corp (PDS)

For the ongoing Fiscal Quarter, 15 analysts have an average earnings forecast of $-0.05 per share. Precision Drilling Corporation had a negative return on equity of 7.10% and a negative net margin of ...

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Morgan Stanley Increases Murphy Oil (NYSE:MUR) Price Target to $33.00

Adams Asset Advisors Llc who had been investing in Murphy Oil Corp for a number of months, seems to be less bullish one the $4.62 billion market cap company. The oil and gas producer reported $0.41 EP...

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Priyanka Chopra not suing Nirav Modi

PNB has said that group companies of Nirav Modi and his relative Mehul Chokshi's Gitanjali Gems in collusion with two of their officials from its Brady House Mumbai branch, were fraudulently recei...

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Public Protector's #CIEXReport set aside

Public Protector's #CIEXReport set aside

CIEX, a United Kingdom company that was paid £600,000 [~R9.82-million] to investigate apartheid-era looting, alleged that the South African Reserve Bank (SARB) illegally handed R24-billion to Bankorp ...

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Jimmy Kimmel to Trump after school shooting: 'You've literally done nothing'

Jimmy Kimmel to Trump after school shooting: 'You've literally done nothing'

Since then, an intense debate surrounding what's responsible for the shooting , and what could have prevented it, has broken out among lawmakers. People taking part in a candlelight vigil for tho...

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Arizona native on the pole at the Daytona 500

Arizona native on the pole at the Daytona 500

Naturally, there was a voracious appetite for an event that consistently delivered inspiring stories of triumph, a healthy dose of sobering heartache and a doubleheader sneak preview of the Daytona 5...

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Campbell beats Street 2Q forecasts but soup sales decline

Campbell beats Street 2Q forecasts but soup sales decline

Campbell Soup (NYSE: CPB ) last issued its earnings results on Tuesday, November 21st. It has underperformed by 29.52% the S&P500. This repurchase authorization allows the company to repurchase shares...

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Qualcomm, Broadcom hold first meeting on takeover proposal

Qualcomm, Broadcom hold first meeting on takeover proposal

It remains to be seen if Broadcom is willing to make a renewed "final" bid after already bumping up the initial $70 per share offer, or if Qualcomm needs to continue executing its own "growth stra...

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Passports And Photo IDs Of FedEx Customers Found On Unsecured Amazon Server

Passports And Photo IDs Of FedEx Customers Found On Unsecured Amazon Server

Those records included customers' passports and driver's licenses, as well as U.S. Postal Service forms, national ID cards, work ID cards, voting cards, utility bills, resumes, vehicle registration fo...

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Energy drives United States wholesale prices up 0.4 percent in January

Energy drives United States wholesale prices up 0.4 percent in January

Bargain hunting may have contributed to the rebound by treasuries, which came despite further indications of rising inflation. Washington, DC, February 15, 2018-The Producer Price Index for final de...

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Govt suspends validity of passports of Nirav Modi, Mehul Choksi 4 weeks

Govt suspends validity of passports of Nirav Modi, Mehul Choksi 4 weeks

The MEA took the step following the advice of the Enforcement Directorate . Diamond, jewellery and gold worth Rs 5,100 crore have been seized during the searches, the officials said. The case is ...

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Marathon Oil (MRO) Stock Price Up 5.5% After Earnings Beat

Sell side analysts plays vital role in buying and selling a stock where 3 analysts rated Marathon Petroleum Corporation (NYSE: MPC ) as Buy, 0 analysts given Outperform signal, 2 reported Hold, and 0 ...

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Kraft Heinz Co (KHC) Position Boosted by Rhumbline Advisers

Kraft Heinz Co (KHC) Position Boosted by Rhumbline Advisers

Analysts believe that the company has the potential to earn average revenue of $6.92 Billion for the current quarter. The firm's revenue for the quarter was down 1.7% compared to the same quarter prev...

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Court ruling means freelancers could face tax bill

Court ruling means freelancers could face tax bill

Ackroyd had been on a salary of £163,233 - making her the highest paid BBC regional presenter and earning more than the Prime Minister. She accepted during cross-examination at the tax appeal hearin...

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Dog food is withdrawn over concerns about euthanasia drug

Dog food is withdrawn over concerns about euthanasia drug

They were running into the walls. Following the death of a dog named Talula, after eating Smuckers' brand dog food contaminated with a euthanasia drug, pentobarbital, a lengthy investigation reveale...

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Shocking video of cruise ship passengers, crew in brutal brawl

Shocking video of cruise ship passengers, crew in brutal brawl

The Carnival Legend was forced to dock on the southern coast of New South Wales, Australia, to have a group of men and teenagers removed in the middle of its 10-day South Pacific Cruise. Some of those...

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Household Products Now Equal to Cars in Production of Smog

Household Products Now Equal to Cars in Production of Smog

The study was published in the global journal " Science ". Much of the stuff in air pollution forms from reactions with volatile organic compounds , or VOCs , a wide range of carbon-based chemic...

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Worst January for 4 years for retailers

Worst January for 4 years for retailers

Andrew Westbrook, head of retail at business consultant RSM, added: "The latest ONS figures reveal that the value and quantity of food sales dropped considerably in January as consumers tightened thei...

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US blocks Chicago bourse sale to Chinese investors

US blocks Chicago bourse sale to Chinese investors

The US Securities and Exchange Commission (SEC) has rejected a bid by a Chinese-linked consortium to acquire the Chicago Stock Exchange, amid widespread political opposition to the deal. If the deal...

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US Commerce Secretary to reveal options for steel, aluminum tariffs

US Commerce Secretary to reveal options for steel, aluminum tariffs

The Commerce Department's investigation links steel imports to the USA steel industry's struggles. For aluminum, Ross recommended a tariff of 7.7% on imports from all countries, or a tariff of 23.6%...

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Gabelli Analysts Boost Earnings Estimates for Universal Display Co. (NASDAQ:OLED)

The stock, as of last close, traded 143.06% away to its 52 week low and was at a distance of -22.49% from its 52 week high. The Dsam Partners Llp holds 193,469 shares with $24.93 million value, down f...

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Sheetz recognized as one of 100 Best Companies

Sheetz recognized as one of 100 Best Companies

The ranking accounted for the experiences of all employees across all demographics. The list, which has been published every year for 21 years, aims to recognize companies that have exceptional work...

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Home ownership has 'collapsed' among middle earners, says IFS

Home ownership has 'collapsed' among middle earners, says IFS

Some 27% of middle income 25 to 34 year olds owned a home in 2015/2016 compared to 8% of those with low incomes and 64% of those with high incomes. The IFS's research also suggests that a person's...

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Coinbase and Visa at loggerheads over erroneous charges on customer crypto accounts

Coinbase and Visa at loggerheads over erroneous charges on customer crypto accounts

Coinbase addressed the issue on Twitter on Friday, noting that card issuer - and payment processor - Visa was at fault for the additional charges and that it will be working with all affected customer...

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Litecoin Doubles In Value since early February

Litecoin Doubles In Value since early February

Verge (XVG) traded 4.1% higher against the dollar and now trades at $0.0608 or 0.00000602 BTC. As a comparison, the bitcoin (BTC) price is now up over 7% over the last 24 hours to US$10,272, Ethe...

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This cancer was going on since 2011: PNB on scam

This cancer was going on since 2011: PNB on scam

The fraud, which includes money-laundering among others, concerns the Firestar Diamonds group in which the CBI last week booked Modi , his wife Ami, brother Nishal Modi and their maternal uncle M...

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North Korea delegation to receive almost $3MM in South Korea funding

North Korea delegation to receive almost $3MM in South Korea funding

South Korean media closely documented every move and gesture of the North Korean leader's younger sister, commenting on everything from the purse she carried to her writing style in a message she left...

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House Education Committee Passes Teacher Raises

House Education Committee Passes Teacher Raises

Sharon Steckman, D-Mason City, told House Education Committee members before they approved House Study Bill 647 22-1 to continue to collect the tax until 2049. "Obviously, they've only followed thro...

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Investment Research Analysts Opinion: GameStop Corp. (GME), Express Scripts Holding Company (ESRX)

The stock decreased 1.15% or $0.86 during the last trading session, reaching $74.07. Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume o...

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Coca-Cola European Partners plc (NASDAQ:CCE) To Release Earnings

Coca-Cola European Partners plc (NASDAQ:CCE) To Release Earnings

The stock increased 0.21% or $0.12 during the last trading session, reaching $58.5. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommen...

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Under Armour (UA) Releases Earnings Results

Under Armour (UA) Releases Earnings Results

In the three months through to December 31, UA reported a net loss of US$87.9mln, or 20 U.S. cents a share, compared to earnings of US$103.2mln, or 23 USA cents a share, in the year-ago period. "The...

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Coalition destroys Russian-made tank in Syria

Coalition destroys Russian-made tank in Syria

In recent years, there have been several Russian media reports about the "Wagner group" fighting on the side of pro-Russian separatists in the conflict in eastern Ukraine. Bloomberg has reported th...

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Portland General Electric Plans Quarterly Dividend of $0.34 (POR)

It has underperformed by 4.60% the S&P500. Security Capital Research & Management Inc decreased its stake in Cyrusone Inc (CONE) by 7.15% based on its latest 2017Q3 regulatory filing with the SEC. T...

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