Indian Bank Shunning Corporate Loans Sees Stock Tripling in Year

Indian Bank, a century-old state-owned lender based in the country’s south, has emerged as Asia’s top-performing bank stock in the past year, driven by a focus on consumer loans that are less likely to sour than corporate advances. The Chennai-based firm is aiming to boost retail lending, which includes mortgages and loans underpinned by gold as collateral, to account for 60 percent of its loan book over the next two years, up from 52 percent at the end of December, according to Chief Executive Officer Mahesh Kumar Jain.

Futures Mixed as Trump Trade Teeters, Asia Lower

Futures for U.S. markets were mostly flat late Monday as traders continue to tread water in the middle of earnings season over confusion about the direction of President Trump’s presidency. The S&P 500 slid 0.01% while Nasdaq gained the same amount and the Dow Jones Industrial Average gained 0.02% at 9:01 p.m. EST.

The CEO of an $18 billion software company says Harry Reid…

Carl Bass, CEO of software company Autodesk with a market cap of $18 billion describes himself as “batsh*t about President Trump” and he’s felt that way “for a year,” throughout the campaign, he told Pando Daily’s Sarah Lacy. Like many other folks in the U.S. who are not fans of the new president, Bass has got a long list of concerns.

Google cut off a website’s revenue because of something in an…

Google cut off a website’s revenue because of something in an article’s comments from 6 years ago Google had stopped serving ads to his site, Fark.com, for weeks because it had accused the site of hosting pedophile content. Fark is an 18-year-old website where people share and chat about oddball news stories after writing funny, alternative headlines for them.

Better Buy: Activision Blizzard vs Electronic Arts

These sources of revenue are allowing video game publishers to keep inventory and in-store marketing costs down, and this allows more revenue to flow to the bottom line. The outcome is that both businesses have shown dramatic improvements in profitability in recent years.

House Passes Bill Requiring Warrants to Search Old Emails

A lone worker passes by the U.S. Capitol Building in Washington, October 8, 2013. A few faint glimmers of hope surfaced in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-… term increase in the nation’s borrowing authority to avoid a default.

Why Shares of Hyatt Hotels Rose 23% in 2016

The hotel sector looks to be in a good state right now, which helped Wall Street reward the company along with its peers. During the most recent quarter, Hyatt’s sales increased just 3.3% year over year, but its earnings rose 148% to $61 million.

Better Buy: GoPro Inc vs. Ambarella Inc

We won’t mince words: It hasn’t been a good 18 months to invest in the action camera market. Since August 2015, shares of GoPro With such a swift and steady fall, you might think both of these companies would make for compelling buys.

Tech world targets Trump’s executive order

Feb. 06, 2017 – 6:56 – Kiron Skinner, director of the Institute for Politics and Strategy, ‘America’s Service Meltdown’ author Raul Pupo and Shelby Holliday, senior video reporter at The Wall Street Journal, on why nearly 100 technology companies have filed a legal brief condemning President Trump’s travel ban.

FCC stops defending caps on prison phone call rates

The Federal Communications Commission’s new anti-regulation stance is now affecting prisons. BuzzFeed News reports that the FCC is no longer defending two key parts of its caps on prison phone call rates : limits on intrastate call rates and the methods used to determine those rates.

Teva Searches for a New CEO

The Jerusalem-based pharmaceutical company named Dr. Yitzhak Peterburg as interim CEO after Erez Vigodman stepped down following a mutual agreement with the board. Teva Pharmaceutical is looking for a new CEO after Erez Vigodman stepped down following a mutual agreement with the board, the company said Monday.

Stocks Close Slightly Lower With No Clear Direction

The equity indexes closed slightly lower on Monday as the Dow Jones Industrial Average lost 19 points to close at 20,052 and the S&P 500 lost nearly five points to close at 2,292. The Nasdaq was lower by three points to finish at 5,663 and the Russell 2000 was down 11 points to close at 1,367.

What Disney Investors Really Want to Know on Tuesday

CEO Bob Iger will have plenty to address on Tuesday’s earnings call, but no issue is more pressing than who will succeed him as CEO — and when. Disney reports its December quarter earnings at the close of trading on Tuesday, and here’s the quick and dirty: Wall Street analysts are expecting earnings for Disney’s fiscal first quarter to total $1.50 per share.

Coty Says It Will Add First Woman Board Member by July

Fragrance and cosmetics company Coty will soon be adding a woman to its board of directors, reducing the number of S&P 500 companies without women in the boardroom to four. Fragrance and cosmetics company Coty said it will add a woman to its board of directors by July, reducing the number of S&P 500 companies without women in the boardroom to four.

Rates mixed at weekly US Treasury bill auction

Interest rates on short-term Treasury bills were mixed in Monday’s auction, with rates on three-month bills rising to their highest level since late December and rates on six-month bills declining slightly. The Treasury Department auctioned $34 billion in three-month bills at a discount rate of 0.530 percent, up from 0.515 percent last week.

What Happened in the Stock Market Today

On the other hand, gold prices hit a three-month high to help produce an 11% spike in the leveraged precious-metal bet, Direxion Daily Gold Miners Bull 3X ETF Hasbro shares soared to a new high after the company announced a strong finish to its 2016 fiscal year. Sales improved 11% over the holiday season to push the company past $5 billion in annual revenue.

What Are the 2017 Tax Brackets?

Every year, the IRS lets you know well in advance what the tax brackets will be when you file your taxes. Yet 2017 is an unusual case, because some believe that tax reform could change the tax structure between now and the end of the year.

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South Korea’s SK Hynix Inc has submitted an initial bid to acquire a stake in Toshiba Corp’s memory chip business, a person familiar with the matter told Reuters on Tuesday. The person said it has not been decided how much a stake SK Hynix, the world’s No.

3 Signs Netflix Inc.’s Best Days Are Ahead

Yet with growth slowing in its core U.S. market, and with no new geographies left to conquer , some investors are concerned that there’s little room to add to its near 100 million subscribers — and $61 billion market capitalization. Netflix’s fourth-quarter subscriber growth figures blew away expectations as 7 million people signed up for it service compared to the 5 million that CEO Reed Hastings and his team had forecast.

Gap Stock Rises on Report of January Sales Growth

Shares of Gap are rising in after-hours trading on Monday after the retailer reported that same-store and net sales increased in January and in its fourth quarter. The Gap stock is rising nearly 3% to $23.63 a share in after-hours trading on Monday after the San Francisco-based company reported that its 2016 fourth quarter and January sales were up after a dismal holiday season for retailers.

Chipotle Won’t Stop Getting Punished

Shares of Chipotle Mexican Grill fell 2.1% to $395.59 on Monday after Barron’s , a financial publication, wrote that the ailing restaurant chain could see its stock fall further. “Sometimes fallen growth stocks find another leg down.

Why Aratana Therapeutics Inc. Is Tumbling Today

The pet therapeutics company disclosed in a Securities and Exchange Commission filing on Monday that the Food and Drug Administration’s Center for Veterinary Medicine has requested more information about its appetite stimulant Entyce. Specifically, the CVM is looking for additional data related to the company’s plans to transfer the manufacturing of Entyce to a new vendor.

Wall St Slips as Investors Seek Fresh Catalysts

U.S. stocks slipped in early afternoon trading on Monday amid a lack of major catalysts, including economic data, and uncertainty over President Donald Trump’s policies. Markets rallied sharply after Trump’s election victory in November, riding on hopes that his plans including simpler regulations, higher infrastructure spending and tax cuts will boost the economy.