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.
Month: February 2017
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.
As Rumors Persist, Google Badly Needs to Swing a Chinese App Store Deal
On the other, the vast majority of the Chinese devices running the OS don’t contain any of Google’s apps and services. That’s what makes a fresh report about talks to launch Google Play in China intriguing.
Court weighs halting release of police video of shootings
In this June 2, 2013, file frame from video provided by the Gardena Police Department, an officer, right, aims a gun at Ricardo Diaz-Zeferino, left, and two friends while investigating a bicycle theft in Gardena, Calif. Moments later police fatally shot Diaz-Zeferino.
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.
Qualcomm Inc. Extends the Tender Offer for NXP Semiconductors NV Shares
The offer was previously scheduled to expire at the close of business, Feb. 6. As before, Qualcomm reserves the right to extend the offer period as circumstances might require. According to the filing, approximately 14.8% of NXP’s outstanding shares have been tendered so far.
Capital One vs. Interactive Brokers: Finding the Best IRA Broker
Individual retirement accounts can be an excellent way to save for retirement. Some offer tax-free growth while others are tax-deferred , but all of them offer more choice in how you invest for the future.
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.
Apollo Investment Suffers Oil and Gas Losses in Its Fiscal Third Quarter
The company reported operating income of $36.4 million this quarter, partially offset by net capital losses of $25 million. Apollo Investments’ earnings have two moving parts.
Fed’s Harker Says a March Interest Rate Increase Is ‘on the Table’
Federal Reserve Bank of Philadelphia President Patrick Harker said Monday he could support raising short-term interest rates at the central bank’s next meeting in March. “I think March is on the table.
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 CEO Is Out After Being Hired to Turn Around Drugmaker
Teva Pharmaceutical Industries Ltd.’s Erez Vigodman will step down as chief executive officer, three years after being hired to turn around the Israeli drugmaker. Chairman Yitzhak Peterburg will serve as interim CEO while the company looks for a replacement, Teva said in a statement Monday.
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.
Jim Cramer: Tiffany ‘Can Sustain This Period’
Tiffany’s disappointing performance is a result of the overall lack of traffic to physical stores, TheStreet’s Jim Cramer said. Tiffany CEO Frederic Cumenal stepped down from the jewelry retailer on Sunday amidst criticism about its financial performance.
Tesoro Shares Rise on Better-Than-Expected Earnings
The San Antonio, Texas-based oil refiner posted net earnings of $78 million, or 66 cents a share. Adjusted for one-time costs, earnings came in at about 20 cents a share, which handily surpassed analysts’ estimates calling for a loss of 14 cents a share.
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.
Gap raises fourth-quarter earnings outlook on better sales
The San Francisco, California-based company said fourth-quarter revenue at stores opened at least a year rose 2 percent. By division, Gap’s namesake stores saw the key measure unchanged, while Old Navy enjoyed a 5 percent gain.
What We May Expect Out of Smart Beta ETFs Ahead
Smart beta exchange traded fund strategies that passively track customized indices have quickly attracted the attention of investors, and the relatively new ETF segment is just getting started.
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.
article
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.
Global ETPs Enjoy Best Monthly Flows Since 2008
Global exchange traded products just had their best January flows on record and their best monthly flows since 2008.
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.
Toyota Faces Trump Trade Heat and Flagging Demand in the U.S.
Toyota Motor Corp. recently ceded its title as the world’s best-selling automaker to arch-rival Volkswagen AG. Yet the Japanese company’s biggest adversary this year may be U.S. President Donald Trump.
Despite backlash, we’ll probably see more gender-themed ads like Audi’s Super Bowl spot
One of the most-discussed ads during the Super Bowl Sunday night was not about football, beer or food. It was an Audi ad about the gender pay gap, featuring a dad watching his little girl competing in a cart race and questioning whether she’d be compensated equally when she grows up.
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.
Diversity report: Boards adding women, minorities – but very slowly
Carla Carstens, photographed Feb. 6, 2017, serves on the board of an Ohio-based trust and says women are still underrepresented in corporate boardrooms. She is not affiliated with a new report on board diversity.
Why Galena Biopharma Stock Is Soaring Today
The stock’s meteoric rise was sparked by the news that the company’s experimental breast cancer vaccine NeuVax will continue in its two ongoing mid-stage studies as planned. The stock has settled to a 41.7% gain as of 11:35 a.m. EDT.
Why Fitbit Inc’s Shares Tanked 18% in January
And 2017 isn’t shaping up to be much better. On January 30, management announced preliminary fourth quarter results, giving investors a preview of how bad the business has gotten.
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.