• Financial Analysis of: Carrizo Oil & Gas Inc. (CRZO)

    Financial Analysis of: Carrizo Oil & Gas Inc. (CRZO)

    Economy

    A number of analysts have weighed in on the stock. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. The volume of 2.33 Million shares climbed up over an trading activity of 1.53 Million shares. Williams Capital's price objective points to a potential upside of 63.77% from the stock's current price.
  • Coach Inc. To Acquire Kate Spade & Co. In $2.4 Bln Deal

    Economy

    At $18.50 per share Coach paid a premium of 27% to the unaffected closing price of Kate Spade's shares as of 27 December 2016, which was the last trading day prior to media speculation of a transaction. Coach chief executive Victor Luis said the acquisition would boost the firm's prospects with millennials. Coach's deal to buy Kate Spade is finally in the bag.
  • Gold inches up from eight-week low as dollar slides

    Gold inches up from eight-week low as dollar slides

    Economy

    On Tuesday, it dropped below its 100-day moving average to its lowest since March 15 at $1,213.81. United States gold futures dropped 0.1 percent to $1,226.20 an ounce. monetary policy amid a surge in June rate hike expectations after hawkish comments from Federal Reserve officials, which prompted a rally in both U.S.
  • Oil up after U.S. inventories fall more than expect

    Oil up after U.S. inventories fall more than expect

    Economy

    Global benchmark Brent futures were up 25 cents, or 0.5 percent, at $48.98 a barrel at 0200 GMT. Oil futures rose in Asian trading on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC battles against rising USA output that is threatening to derail its attempts to end a sustained global glut in crude.
  • Multiple Arrests at Florida Airport After Spirit Airlines Cancels Flights

    Economy

    A busy Florida airport descended into chaos after Spirit Airlines Inc canceled almost a dozen flights due to a labor dispute with pilots, stranding hundreds of passengers and leading to multiple skirmishes. "This is a result of unlawful labour activity by some Spirit pilots created to disrupt Spirit operations for our customers, by cancelling multiple flights across our network", airline spokesman Paul Berry told CBS News .
  • U.S. crude oil slides below US$45 for first time since November

    U.S. crude oil slides below US$45 for first time since November

    Economy

    Brent crude, the global oil benchmark, rose 0.3% to $48.52 a barrel on London's ICE Futures exchange. "There's disappointment that the production cuts we've seen from OPEC and others has not had any impact at this stage on global inventory levels", Sydney-based CMC Markets chief market analyst Ric Spooner said.
  • ITV sees ad revenue down by as much as 20pc in June

    ITV sees ad revenue down by as much as 20pc in June

    Economy

    LONDON-Britain's main free-to-view commercial broadcaster, ITV PLC ( ITV .LN), on Wednesday reported a fall in first-quarter revenue amid ongoing economic uncertainty in the United Kingdom, but kept its full-year guidance unchanged. However, the ITV Studios division reported a revenue increase of 7% to £ 343m compared to the £322m reported in the first quarter of a year ago.
  • Buffett faults United, but sticks with airlines investments

    Economy

    During the meeting, he spoke on various issues, such as repealing of the Obamacare legislation and the role of artificial intelligence (AI) and technology in America. Buffett is a Democrat who is said to be close to former President Barack Obama. "I think they might be a long way off, but that will depend on the experience in the early months of the introduction other than test situations".
  • Juncker:

    Juncker: "Slowly but surely English is losing importance in"

    Economy

    The Prime Minister took a dig at European leaders after the President of the European Council told her not to let her "emotions get out of hand" as he called for rhetoric and accusations to be toned down. The PM told press outside Downing Street on Wednesday: "Britain's negotiating position has been misrepresented in the continental press. these acts have been deliberately timed to affect the result of the United Kingdom general election that will take place on the 8th June ".
  • US Feds Back Down On Salt Whole Grain Standards For School Lunches

    US Feds Back Down On Salt Whole Grain Standards For School Lunches

    Economy

    Perdue signed a proclamation that began the process of restoring local control of guidelines on whole grains, sodium , and milk . "This announcement is the result of years of feedback from students, schools, and food service experts about the challenges they are facing in meeting the final regulations for school meals", Perdue said in USDA statement .
  • Nenê to miss rest of playoffs with groin injury

    Economy

    Rockets coach Mike D'Antoni rued the development, pointing out the value of Nene for Houston. I saw some talk about how the Spurs only had two more rebounds than Houston despite the Rockets smaller lineup. " Houston made a few adjustments that we just couldn't cope with them on the fly", Mills said. It wasn't always Harden's fault; in one instance, he kept waiting for a screen that never came, forcing him into a contested three late in the shot clock.