Finance

Puerto Rico bonds trade higher in wake of petition filing

Puerto Rico bonds trade higher in wake of petition filing

Gov. Rossello announced on Wednesday, May 3, 2017, a historic restructuring of a portion of the USA territory's $70 billion debt through courts after negotiations with bondholders failed. It's unknown how long the bankruptcy-like process will take, although local government officials believe it could be resolved in four years. "At least essential services would be guaranteed", he said. Read More

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China April exports rise 8.0 percent, missing forecasts

China April exports rise 8.0 percent, missing forecasts

Exports increased 8.0% in April from a year earlier, following 16.4% growth in March, the General Administration of Customs said Monday. Imports rose 11.9 percent to $142 billion, slowing from 20.4 percent growth the previous month. During the first four months, trade with the European Union gained 15.5 percent year on year to 1.24 trillion yuan, accounting for 14.8 percent of the total. Read More

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Klitschko falls to Joshua in epic slugfest

Klitschko falls to Joshua in epic slugfest

The 28-year-old has not fought since capturing the WBA, WBO and IBF heavyweight titles with a shock win on points over Wladimir Klitschko in November 2015. "With what Joshua can bring now everyone will want to fight him because he is bringing the money to the table". The 28-year-old hasn't boxed since beating Wladimir Klitschko in November 2015 and is now without a boxing licence, but he has been training in Spain in an attempt to get back into the ring. Read More

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Google Settles Italian Tax Fight For $334 Million

Google Settles Italian Tax Fight For $334 Million

Google has been under investigation by Milan prosecutors for the tax years 2009-2013, one of several European probes looking into the tax practices of worldwide companies. According to the French government, Google owes $ 1.8 billion to unpaid taxes. The company has denied the allegations. The biggest controversy on European soil concerns the record amount of $ 14.2 billion, a tax that Ireland has ordered to demand from Apple. Read More

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Local prayer events set for Thursday

Local prayer events set for Thursday

In honor of the National Day of Prayer , Lee County will hold an observance ceremony at the Courthouse Square at noon today in Opelika. - But I say to you, Love your enemies: do good to them that hate you: and pray for them that persecute and calumniate you (Matthew 5:44). Read More

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Fiat Chrysler profit up more than a third as Europe improves

Fiat Chrysler Automobiles N.V. (FCAU) belongs to the " sector with an industry focus on ", with Mr. John Jacob Philip Elkann as Chairman. Fiat Chrysler Automobiles NV had a return on equity of 14.89% and a net margin of 1.63%. The stock of Fiat Chrysler Automobiles NV (NYSE: FCAU ) earned "Neutral" rating by BNP Paribas on Monday, November 16. Maximum and minimum EPS estimate for the current quarter is projected at $0.58 and $0.47, respectively, according to 6 analysts. Read More

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Analyst Activity - Cowen and Company Reiterates Buy on Honeywell International (NYSE:HON)

Analyst Activity - Cowen and Company Reiterates Buy on Honeywell International (NYSE:HON)

Oregon Public Employees Retirement Fund raised its stake in Honeywell International by 32.7% in the third quarter. (NYSE:YUMC) trade finished at $32.75 as shares decreasing -1.00%. That would be a 7 to 10 percent increase over the prior year. "Normalizing for tax, earnings per share was $1.66, or 2 cents above the high-end of our first-quarter guidance and up 11 percent versus previous year, excluding divestitures", said Darius Adamczyk, President and Chief Executive Officer of Honeywell. Read More

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SC allows NDMC to auction Taj Mansingh

SC allows NDMC to auction Taj Mansingh

The Indian Hotels Company Ltd (IHCL) had on November 8 a year ago approached the Supreme Court against the Delhi High Courts order that had cleared the decks for auctioning of the iconic hotel in the heart of the national capital. The division bench of the high court had on October 27 a year ago dismissed the IHCL's plea challenging the move by NDMC to auction the property, saying the company has "no right" for renewal of the license period and NDMC was "within its power" to secure maximum ... Read More

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No red beacons for VIPs from May 1, 2017

No red beacons for VIPs from May 1, 2017

The decision to ban the use of red beacons is in line with Prime Minister Narendra Modi's vision of bringing in more transparency and putting an end to the "VIP culture". The Indian government decided on Wednesday to ban red beacons atop cars of all ministers, politicians and bureaucrats, ending a privilege that was seen as the ultimate status symbol. Read More

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VP Pence praises Indonesia's democratic, tolerant values

VP Pence praises Indonesia's democratic, tolerant values

Washington had billed Pence's visit to Jakarta as a booster for a strategic partnership between the world's second- and third-largest democracies, but a raft of bilateral disputes with US companies could sap the goodwill from his trip. After arriving in Indonesia's capital, Jakarta , Pence on Thursday held talks with President Joko "Jokowi" Widodo and Vice President Jusuf Kalla on a range of bilateral issues. Read More

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Verizon reports 20 percent fall in quarterly profit

Verizon reports 20 percent fall in quarterly profit

Verizon's stock is now down 10% this year while Sprint (S) and T-Mobile ( TMUS ) are both up. Revenue fell 7 percent to $29.81 billion, missing analyst expectations of $30.5 billion, according to Zacks. Analysts surveyed by Zacks Investment Research called for earnings of 98 cents per share. Capital expenditures totalled $3.1 billion in first-quarter 2017, as Verizon carried on spending on its network. Read More

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