Category: Financial Services

Apple Inc. (AAPL) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its stake in shares of Apple Inc. by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission . The institutional investor owned 44,728 shares of the iPhone maker’s stock after selling 14 shares during the period.

What do online shoppers really want?

Understanding and keeping pace of what drives people to shop and buy online is critical to succeeding in the digital world. In response to demand for greater insights regarding the online customer, a new report by KPMG International analyzes the online shopping preferences and behaviors of more than 18,000 consumers in 51 countries, by geography, generation, and product category.

Ant Financial, MoneyGram Deal Worth $880M

Ant Financial Services Group, a leader in China’s online payment industry, plans to buy U.S.-based MoneyGram International Inc. for about $880 million. “The combination will provide consumers in over 200 countries and territories with convenient and accessible financial services, which furthers Ant Financial’s mission to promote equal access to financial services globally,” Ant Financial, which is an affiliate of Chinese e-commerce firm Alibaba Group Holding Ltd., said in a news release .

US-based Fidelity marks down value of India’s e-commerce giant Flipkart

Jan 26 U.S.-based mutual fund Fidelity Rutland Square Trust II has marked down the value of its holding in Indian e-commerce firm Flipkart Online Services Pvt Ltd by around 36 percent. Fidelity, in a filing with the U.S. Securities and Exchange Commission dated Jan. 24, logged the price of its holding as $52.13 per share as of Nov. 30, from $81.55 at the end of August.

AltaGas Buying Washington Utility Owner in $4.6 Billion Deal

AltaGas Ltd. agreed to buy Washington utility owner WGL Holdings Inc. for $4.6 billion, a takeover that will expand the Canadian company’s reach in the U.S. where it already owns power plants and two natural gas distributors. The $88.25-a-share, all-cash deal represents a 12 percent premium over WGL’s closing price Tuesday, AltaGas said in a statement Wednesday.

Press release distribution, EDGAR filing, XBRL, regulatory filings

The repor… )–Outrigger Energy LLC and certain of its partners and affiliates, today announced the signing of definitive agreements with a subsidiary of Targa Resources Cor… )–Universal Display Corporation announced that Sidney Rosenblatt, EVP & CFO, will present at the Goldman Sachs Technology and Internet Conference on Wednesday, February … )–Alcoa Corporation : 4Q 2016 Results1 Net loss of $125 million, or $ per share, as a result of costs to streamline portfolio Excluding special items, adjust… )–Wells Fargo & Company today announced a quarterly common stock dividend of $0.38 per share.

Press release distribution, EDGAR filing, XBRL, regulatory filings

First Defiance Financial Corp. Reports Record Full Year Earnings of $3.19 Per Share for 2016, Up 13.1% from Full Year 2015 )–First Defiance Financial Corp. Reports Record Full Year Earnings of $3.19 Per Share for 2016, Up 13.1% from Full Year 2015 )–Hilton a annoncA aujourd’hui le lancement d’une nouvelle marque dynamique proposant un choix inA dit de sA jours en hA tel indA pendant: Tapestry Collecti… )–Moody’s Analytics issuance and reporting tools have been selected by Pepper Group, one of Australia’s leading issuers of securitised transactions.

Press release distribution, EDGAR filing, XBRL, regulatory filings

First Defiance Financial Corp. Reports Record Full Year Earnings of $3.19 Per Share for 2016, Up 13.1% from Full Year 2015 )–First Defiance Financial Corp. Reports Record Full Year Earnings of $3.19 Per Share for 2016, Up 13.1% from Full Year 2015 )–Hilton a annoncA aujourd’hui le lancement d’une nouvelle marque dynamique proposant un choix inA dit de sA jours en hA tel indA pendant: Tapestry Collecti… )–Moody’s Analytics issuance and reporting tools have been selected by Pepper Group, one of Australia’s leading issuers of securitised transactions.

Alibaba’s billionaire founder Jack Ma is returning to Australia

An employee is seen behind a glass wall with the logo of Alibaba at the company’s headquarters on the outskirts of Hangzhou, Zhejiang province. The internet giant is ramping up its presence in Australia and New Zealand, opening its regional headquarters in Melbourne on February 4. It is understood that Ma will be the guest of honour when the Melbourne office is launched.

Steel Demand Revival Hinges on Modi Roads-to-Rail Spending Push

A revival in India’s steel consumption from the weakest estimated growth in at least four years hinges on the government boosting spending on infrastructure, housing and road projects to absorb record output. Finance Minister Arun Jaitley will announce Feb. 1 higher outlays for national highways, rural roads, railways and low-cost housing, Goldman Sachs Group Inc. predicted in a Jan. 19 report.

Trump Set for – Antagonistic’ China Relations, Citigroup Says

Donald Trump’s administration may be on course for a fraught relationship with China amid disputes over trade policy, according to Citigroup Inc., which warned the new U.S. government could introduce more protectionist measures against manufactured goods from Asia’s top economy. “There are growing signs that the Trump administration is heading for antagonistic relations with China,” the bank said in a report that examined how commodities including metals and farm goods may fare in the upcoming lunar year.

Yahoo To Be Altaba after Buyout

In a pair of documents filed with the U.S. Securities and Exchange Commission yesterday, Yahoo revealed that CEO Marissa Mayer will resign after core parts of her company are acquired by Verizon as expected sometime early this year. The unacquired pieces of Yahoo’s business will be renamed “Altaba” after the deal is completed, according to the filings.

Singapore’s Garena Said to Pick Goldman for $1 Billion IPO

Garena, Southeast Asia’s most valuable startup, picked Goldman Sachs Group Inc. to lead a planned initial public offering that could fetch about $1 billion, according to people with knowledge of the matter. The Singapore-based online gaming portal and e-commerce provider plans to select additional banks as soon as this month, the people said.

Ford and Toyota Establish SmartDeviceLink Consortium

Ford and Toyota are establishing SmartDeviceLink Consortium, a nonprofit to manage open source software for smartphone app development for vehicles Members include automakers Mazda Motor Corporation, PSA Group, Fuji Heavy Industries Ltd. and Suzuki Motor Corporation, as well as suppliers Elektrobit, Luxoft, and Xevo Consortium focused on significantly increasing choice for consumers in how they connect and control their smartphone apps on the road LAS VEGAS, Jan. 4, 2017 — Ford Motor Company and Toyota Motor Company are forming SmartDeviceLink Consortium, a nonprofit organization working to manage an open source software platform with the goal of giving consumers more choice in how they connect and control their smartphone apps on the road.

USAID Project supports seed sector

The Feed the Future-Ghana Agriculture Technology Transfer Project is partnering reputable financial institutions in northern Ghana with a loan programme of $ 9 million to stimulate improved seed production, processing, and marketing. The programme is to fuel the nascent private sector seed business that serves farmers in Upper East, Upper West, and Northern Regions.

U.S. accuses Chinese citizens of hacking law firms, insider trading

Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday. Iat Hong of Macau, Bo Zheng of Changsha, China, and Chin Hung of Macau were charged in an indictment filed in Manhattan federal court with conspiracy, insider trading, wire fraud and computer intrusion.

American Express – Irrational Competitive Behavior

My estimates forecast 3% core revenue growth in 2017, and flat operating expenses driven by sustained elevated marketing and rewards costs. While AXP’s rewards expense was below expectations in 3Q, my analysis indicates that total rewards costs including cashback rewards were in line with billed business growth in the period.

Who Owns Blockchain? Goldman, BofA Amass Patents for Coming Wars

In the headlong rush to revolutionize modern finance, blockchain enthusiasts are overlooking one potentially costly problem: their applications, built on open-source code, may actually belong to someone else. Recently, some of the biggest names in business, from Goldman Sachs to Bank of America and Mastercard, have quietly patented some of the most promising blockchain technologies for themselves.

Japan’s SoftBank to invest $1 billion in OneWeb sat factory

Japanese telecoms and energy company SoftBank has agreed to invest $1 billion in the U.S. company OneWeb Ltd., which plans to build a factory in Florida that the companies say could create 3,000 jobs. The two companies announced late Monday that OneWeb had obtained pledges of $1.2 billion from SoftBank and other investors.