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Economy

It has underperformed by 52.57% the S&P500. Presima Inc increased Spirit Rlty Cap Inc New ( SRC ) stake by 20.97% reported in 2016Q4 SEC filing. Zacks Investment Research raised shares of Spirit Realty Capital from a "sell" rating to a "hold" rating in a research report on Tuesday, February 14th.
  • China's April producer inflation slows more than expected

    China's April producer inflation slows more than expected

    Economy

    Factory price inflation eased in April, data showed Wednesday, fuelling concerns about a growth slowdown in the world's number two economy and denting hopes for a pick-up a global reflation. CPI increased 1.4 percent in the first four months of the year. On a month-on-month basis, producer prices fell 0.4 per cent in April, the first drop since June, led by declines in iron and steel smelting and processing.
  • OPEC wants collective efforts to counter USA oil output

    OPEC wants collective efforts to counter USA oil output

    Economy

    That is why oil traders, who buy and sell crude oil across the globe, watch and listen to Saudi Arabia. The European Commission revised its forecast of the Brent oil price saying that a barrel would cost $55.5 this year instead of the earlier predicted $56.4, the Spring 2017 Economic Forecast issued on Thursday said.
  • EU judge says Uber could be obliged to obtain permits

    EU judge says Uber could be obliged to obtain permits

    Economy

    If it decides that Uber is an "information society service", as the company argues, it would be able to continue offering low-priced services. The 15-judge panel heard the case last November after a 2014 complaint in Spain brought by the Spanish taxi association was referred to the ECJ.
  • Lexington Realty Trust (LXP) Issues FY17 Earnings Guidance

    Economy

    Servicesource International Inc (NASDAQ:SREV) has declined 29.02% since October 4, 2016 and is downtrending. It has underperformed by 26.21% the S&P500. Among 3 analysts covering Independence Realty Trust ( NYSEMKT:IRT ), 2 have Buy rating, 0 Sell and 1 Hold. Legal General Group Public Ltd Company holds 7.37 million shares.
  • Snapchat's growth stalls in Facebook's shadow; stock plunges

    Economy

    Snapchat floated on the United States stock market in March and in early trading saw its valuation rise above £25 billion. Year-on-year growth in users was 36%, slowing from 48% in the fourth quarter and 63% in the third quarter. Speaking of Instagram, Snapchat Stories had a big head start over Instagram Stories. "At the end of the day, just because Yahoo has a search box, it doesn't mean they're Google".
  • More than $7 billion for Endeavour Energy lease

    More than $7 billion for Endeavour Energy lease

    Economy

    The state government said the increased proceeds meant it could now expect to receive more than $2 billion from a federal government scheme to encourage asset privatisations by state governments. NSW Premier Gladys Berejiklian said the two Australian companies make up 55 per cent of the consortium. The price was a premium to Endeavour's total regulated asset base of A$6.2 billion.
  • Enbridge Energy, L.P. (NASDAQ:EEP) To Release Earnings

    Enbridge Energy, L.P. (NASDAQ:EEP) To Release Earnings

    Economy

    Given that liquidity is king in short-term, OMF is a stock with 135.22 million shares outstanding that normally trades 4.02% of its float. About 986,607 shares traded. The firm has "Neutral" rating by Citigroup given on Wednesday, January 18. Credit Suisse maintained it with "Outperform" rating and $56 target in Monday, February 8 report.