Finance

Several hedge funds have recently added to or reduced their stakes in FTR . After $-1.10 actual earnings per share reported by Frontier Communications Corp for the previous quarter, Wall Street now forecasts 0.91% negative EPS growth. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.31 billion. Frontier Communications Corp had a negative net margin of 5.01% and a positive return on equity of 2.05%.
  • Buffett makes a truck stop, buys big into Pilot Flying J

    Buffett makes a truck stop, buys big into Pilot Flying J

    Finance

    Buffett will boost his stake to 80% at that point, leaving the Haslams with 20% of the business. The investment in one of the biggest private United States companies marks a return to large dealmaking for Buffett, who's had a relatively quiet 2017 after walking away from a $143bn attempt to acquire Anglo-Dutch consumer goods giant Unilever.
  • Couple steals $1.2 million from Amazon just using returns

    Couple steals $1.2 million from Amazon just using returns

    Finance

    It was then a matter of requesting replacement items from Amazon , which, in certain cases, allows customers to receive these goods before they return a broken product. It was not the Federal Bureau of Investigation or Amazon that finally caught the Finan's, but it was the Internal Revenue Service, the U.S. Postal Service along with the Indiana State Police.
  • ATM Fees Reach Record High Once Again

    ATM Fees Reach Record High Once Again

    Finance

    Pittsburgh, New York, Washington, D.C., and Cleveland have the highest. "In the Chicago area, some of the bigger local banks actually have lower fees than what a lot of the big players charge, so on a relative basis, that helps Chicago fare a lot better than some other markets that don't have that", said Greg McBride, Bankrate.com chief financial analyst.
  • Vijay Mallya Arrested in United Kingdom in Connection to Money Laundering Case

    Vijay Mallya Arrested in United Kingdom in Connection to Money Laundering Case

    Finance

    Senior Indian officials described his arrest as the first salvo in the case, which will now involve a legal process in the United Kingdom to determine if Mallya can be extradited to India to face charges in Indian courts. More charges are expected to be added at Westminster Magistrates' Court today, the Crown Prosecution Service has said. The extradition case will be taken up in December.
  • Australia keeps rates on hold, sounds dollar warning

    Australia keeps rates on hold, sounds dollar warning

    Finance

    The Aussie fell below US78c after the central bank's monthly rates statement cautioned on the potential problems from an appreciating exchange rate. Westpac Institutional Bank's Bill Evans said he expected rates to remain on hold in 2018 and 2019.
  • Strikes to paralyse rail and Tube lines

    Strikes to paralyse rail and Tube lines

    Finance

    A limited West London line will be in operation during peak hours, and trains between Leatherhead and Guildford will not be running. In a letter sent to Theresa May today , the RMT's general secretary Mick Cash said: "I am now becoming increasingly alarmed that you are sabotaging deals with the RMT on Southern, Northern and Anglia Trains, and also South Western Railway".
  • Equifax Says 2.5 Mln Addl US Consumers Potentially Impacted By Hack

    Equifax Says 2.5 Mln Addl US Consumers Potentially Impacted By Hack

    Finance

    The company's information security department also ran scans on March 15 that did not pick up the vulnerability. Evercore ISI reaffirmed an "outperform" rating and issued a $110.00 price target (down previously from $174.00) on shares of Equifax in a research note on Saturday, September 16th.
  • Ola gets $2 bn funding from SoftBank, Tencent and others

    Ola gets $2 bn funding from SoftBank, Tencent and others

    Finance

    As per another source, however, the deal with Tencent has been finalised and is now awaiting the approval of CCI. According to other reports , Ola has raised $2 billion from investors like Tencent and Soft-Bank, besides financial investors from US.Chinese internet conglomerate Tencent has finalised its $400-million investment in ride-hailing major Ola, valuing the Bengaluru-based startup at over $3.8 billion.
  • Wells Fargo & Company (WFC) Stock Rating Reaffirmed by Instinet

    Wells Fargo & Company (WFC) Stock Rating Reaffirmed by Instinet

    Finance

    Princeton Portfolio Strategies Group Llc acquired 7,191 shares as Wells ( WFC)'s stock declined 8.66%. They expect $1.49 earnings per share, down 3.25% or $0.05 from last year's $1.54 per share. The stock of VMware, Inc. The firm has "Buy" rating by Oppenheimer given on Thursday, July 20. The stock has "Hold" rating by Maxim Group on Friday, August 25.
  • Goldman Sachs Group Inc (GS) Lowered to Strong Sell at Vetr Inc

    Goldman Sachs Group Inc (GS) Lowered to Strong Sell at Vetr Inc

    Finance

    A number of other hedge funds also recently bought and sold shares of the stock. Fmr Llc sold 1.19 million shares as Goldman Sachs Group Inc (GS)'s stock declined 13.97%. The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were issued a $0.75 dividend.
  • Gap Inc takes first step in deploying cloud across global operations

    Gap Inc takes first step in deploying cloud across global operations

    Finance

    Announced at the ongoing Oracle Open World, the company's flagship industry conclave, the firm's Chairman and CTO Larry Ellison said the autonomous database offers 99.995% up-time. On the security front, we believe this could be very useful as security threats will be automatically detected, thus directing the database to automatically patch itself while running.