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Finance

The business had revenue of $181.70 million during the quarter, compared to analysts' expectations of $186.49 million. The company's revenue was up 153.1% on a year-over-year basis. The stock was sold at an average price of $12.50, for a total value of $2,438,750.00. The disclosure for this sale can be found here. Following the transaction, the insider now owns 9,946,464 shares in the company, valued at $149,196,960.
  • Regulators back emissions fix for Volkswagen SUVs in US

    Regulators back emissions fix for Volkswagen SUVs in US

    Finance

    Once the repairs are complete, Volkswagen will have repaired or bought back most of the 550,000 USA diesels involved in the two-year-old scandal. Winning approval by U.S. Volkswagen noted that it is working closely with regulators to develop approved solutions for the remaining 3.0L TDI V6 vehicles as quickly as possible.
  • GST Returns: Government Waives Fine For Delayed Filing

    GST Returns: Government Waives Fine For Delayed Filing

    Finance

    In a similar move earlier, the government had waived the late fee for delay in the first-ever GST returns filed for the month of July under the Goods and Services Tax (GST) regime. Compliance in filing returns was reportedly low as only half the number of assesses filed summary returns under GST for September. The table will be then extracted separately and after exporters digitally sign it, it would automatically go to the customs department.
  • Bitcoin's the next Enron says billionaire Saudi prince Alwaleed bin Talal

    Bitcoin's the next Enron says billionaire Saudi prince Alwaleed bin Talal

    Finance

    I think it's just going to implode one day. Energy firm Enron collapsed in 2001 in one of the largest accounting scandals in US corporate history. "People have placed value on what it is in different ways - and they're fine to do that - but it's not fraudulent in its misrepresentation". "I would never call it a fraud because it's not misrepresenting what it is".
  • Legendary filmmaker IV Sasi passes away

    Legendary filmmaker IV Sasi passes away

    Finance

    The veteran film-maker started off his career in films as an art director with the 1968 movie Kaliyalla Kalyanam . Though his name was not mentioned in the credits, the film turned out to be a huge success. The Mammootty-IV Sasi pair was a force to reckon with during the 1980s and delivered many hits together, including Vartha, Athirathram, Adiyozhukkukal and Ee Naadu .
  • Australian teacher shot dead in Nairobi

    Australian teacher shot dead in Nairobi

    Finance

    She had previously worked as a teacher in New South Wales and attended university at the University of New England in Armidale. A woman, who declined to be named, said her sons had played with Ms Maina's boys for the Ingleburn Magpies Junior AFL Club.
  • Mobile skips quarterly earnings call to avoid Sprint merger questions

    Mobile skips quarterly earnings call to avoid Sprint merger questions

    Finance

    T-Mobile added 817,000 branded postpaid customers, saying it expects to lead the USA wireless industry in the growth of this coveted class of wireless customer for the seventh straight quarter. (NASDAQ:TMUS). At the time of writing, the First Call consensus price target for the company is $71.81. At a current EPS of $2.395, this growth rate means shareholders can expect an impending EPS of $3.852.
  • The Verizon Communications Inc. (VZ) Receives Buy Rating from the Morgan Stanley

    Finance

    The stock declined 0.66% or $0.33 reaching $49.22 per share. Following the completion of the transaction, the executive vice president now owns 7,209 shares in the company, valued at approximately $350,717.85. Metropolitan Life Ins Ny invested in 0.63% or 2.06M shares. Principal Gp Inc has invested 0% of its portfolio in T-Mobile US Inc (NASDAQ:TMUS). Bright Rock Limited Liability has 164,000 shares.
  • JetBlue flight headed to Las Vegas forced to land

    JetBlue flight headed to Las Vegas forced to land

    Finance

    The plane has been circling the airport and is expected to make its landing around 7:29 EDT. The flight was headed to Las Vegas. The plane is now flying at a low altitude (3,700 feet) and a slow speed as it makes its approach to JFK. The plane landed at JFK around 7:30 p.m. Emergency vehicles were on hand ready to respond but the jet appeared to land without incident. No injuries were reported and there was no word on whether the plane suffered any damage.
  • Former HSBC banker found guilty of fraud in the US

    Finance

    According to court filings, Cairn hired HSBC in 2011 to convert $3.5 billion into British pounds sterling in connection with the sale of an Indian subsidiary. Johnson, a United Kingdom citizen and resident of both the USA and United Kingdom, was arrested at JFK International Airport in New York July 2016 as he prepared to leave the country.
  • DCP Midstream Partners LP

    Finance

    With short interest at 3,522,946 and short average daily volume at 490,542, the short-interest ratio is 7.0 and the percentage of shorted shares was 0.03% on September 29. It increased, as 47 investors sold ALR shares while 54 reduced holdings. 49 funds opened positions while 128 raised stakes. They expect $1.36 EPS, up 10.57% or $0.13 from last year's $1.23 per share.