• Sprint and T-Mobile have reportedly reinitiated discussion regarding possible merger
Sprint and T-Mobile have reportedly reinitiated discussion regarding possible merger

T-Mobile's market cap has grown to about $55 billion, compared to Sprint at $32 billion. Two of United States' largest carriers Sprint and T-Mobile are reportedly holding informing talks regarding a potential merger. Led by CEO John Legere, T-Mobile has become the most customer friendly, innovative USA wireless operator. Intelsat creditors ...

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  • SANGAMO THERAPEUTICS first-quarter loss widens on a YOY basis
SANGAMO THERAPEUTICS first-quarter loss widens on a YOY basis

Bank of New York Mellon Corp boosted its stake in Sangamo Therapeutics by 6.1% in the first quarter. Growth in EPS is an important measure of management performance because it shows how much money the company is making for it's shareholders, not only due to changes in profit, but also after all the effects of issuance of new shares (this is espec...

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  • France's Macron woos conservative moderates as row simmers with ally
France's Macron woos conservative moderates as row simmers with ally

But numerous 66 per cent of voters who backed Macron appear to have done so less to support him than because they loathed Le Pen , who failed to shake off her party's Nazi-apologist past. Ferrand, the secretary general of Macron's party, said Thursday that the party has not yet named all of its candidates because it is trying to leave the door...

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  • Anthem gives up Cigna bid, vows to fight on over damages
Anthem gives up Cigna bid, vows to fight on over damages

Forward-looking statements may include, among others, statements regarding the merger agreement and the transactions and litigation related thereto, future financial or operating performance, including our ability to deliver personalized and innovative solutions for our customers and clients and future growth, business strategy, strategic or oper...

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  • JC Penney tanks after a big miss on sales
JC Penney tanks after a big miss on sales

Analyst's mean target price for JCP is $8.62 while analysts mean recommendation is 2.50. Last year, Penney posted a same-store sales increase only in the second quarter. Now the shares of J. C. Penney Company, Inc . After a lower open, JC Penney managed a nickel pop to $5.00 before continuing its move lower. Penney expects full-year earnings...

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  • Department and Apparel Specialty Stores Weigh on April Retail Sales
Department and Apparel Specialty Stores Weigh on April Retail Sales

Retail sales excluding autos rose 0.3 per cent for a second month. This also came in below expectations of economists, who were anticipating an increase of 0.4%. Sales fell at grocery stores and clothing merchants. "Despite being seven years into the current economic recovery with an unemployment rate at just 4.4%, wages on the rise, and a strong h...

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  • Deutsche reiterated Compass Group (LON:CPG) as 'Hold'
Deutsche reiterated Compass Group (LON:CPG) as 'Hold'

CORR's SI was 1.10M shares in May as released by FINRA. Barclays Capital maintained Compass Group plc (LON:CPG) rating on Friday, February 5. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock.

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  • Quest Investment Management Inc. OR Holds Position in Exxon Mobil Co. (XOM)
Quest Investment Management Inc. OR Holds Position in Exxon Mobil Co. (XOM)

Kbc Group Nv increased Exxon Mobil Corp (XOM) stake by 7.98% reported in 2016Q4 SEC filing. Exxon Mobil Corporation (XOM) stock price fell -7.07 percent over the past one year, while decreased -3.52 percent during the past 6 months. Dt Investment Partners holds 0.05% or 2,294 shares. Spellings James M Jr also sold $1.37M worth of Exxon Mobil Corp...

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  • U.S. mulling expansion of laptop flight ban to Europe
U.S. mulling expansion of laptop flight ban to Europe

The 10 airports are located across eight countries: the United Arab Emirates, Qatar, Jordan, Kuwait, Saudi Arabia, Egypt, Turkey and Morocco. The expansion would apply to people flying out of Europe and the United Kingdom. "However, we are continuously assessing security directives based on intelligence and will make changes when necessary to keep ...

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  • Why Wells Fargo's Extra $2 Billion in Cost Cuts Didn't Faze Stock
Why Wells Fargo's Extra $2 Billion in Cost Cuts Didn't Faze Stock

Wells Fargo & Co (NYSE:WFC) as of recent trade, has shown weekly downbeat performance of -0.24 percent which was maintained at 1.03 percent in 1-month period. Sanger bought 58,342 shares of the business's stock in a transaction that occurred on Monday, April 17th. Two other important profitability ratios for investors to know are both returns-ba...

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  • North Korea says it will seek extradition of plot culprits
North Korea says it will seek extradition of plot culprits

The North's state media have been running stories about the plot since last week. The North's Central Public Prosecutors Office said Friday it was opening the prosecution of those responsible for what it called "state-sponsored terrorism" against Kim Jong-Un.

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  • Aussie banks take a big hit after new tax
Aussie banks take a big hit after new tax

The peak body for Australia's banks has said the government must slow the "indecent haste" of its $6.2bn big bank tax plan or risk an escalating campaign against the policy. Anticipating banks would seek to pass on the levy, the budget included funding for the competition watchdog to run a year-long inquiry into mortgage pricing, and analysts say ...

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  • Most Americans Oppose Republican's New Health Care Plan
Most Americans Oppose Republican's New Health Care Plan

Even against the backdrop, though, Obamacare was broadly unpopular for years. We have already piled on $20 trillion in debt and $100 trillion in unfunded liabilities onto our kids. It allows for a more free-market driven system where we can have more competition and choice. If you have cancer and buy insurance that doesn't pay for your cancer tre...

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  • Oil prices rise in Asia in expectation of Aramco supply cut
Oil prices rise in Asia in expectation of Aramco supply cut

NEW YORK, May 11 (Reuters) - Oil prices rose more than 1 percent on Thursday, as large drawdowns in US inventories and growing support for continued OPEC output cuts boosted confidence that a seemingly insurmountable glut might finally diminish.

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  • Russian Federation boosts Urals oil flow to India as OPEC cuts output - traders
Russian Federation boosts Urals oil flow to India as OPEC cuts output - traders

Russian Federation and 10 other non-OPEC producers agreed to cut half as much. In the report, the oil producers' group noted that, "Crude oil production declined in the UAE, Libya, Iraq and Iran, but increased in Angola and Saudi Arabia ".

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  • House Speaker Paul Ryan heads to OH to push tax reform
House Speaker Paul Ryan heads to OH to push tax reform

Hours after the event, Ryan told Fox News that President Trump lost confidence in the former Federal Bureau of Investigation director. The national director of the Working Families Party, Dan Cantor, said, "What Moskowitz, Ryan and Betsy DeVos share is misguided market fundamentalism that believes students and patients need nothing but more com...

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  • Snapchat parent company reports £1.7bn loss in first earnings report
Snapchat parent company reports £1.7bn loss in first earnings report

Snapchat has tried to become more like its bigger rival by courting new users and, with them, advertisers. The firm's growth rate elsewhere in the world also revealed a similar story. Another factor which could be driving users away from Snapchat , is the fact that Facebook and Instagram have copied numerous features from Snapchat over the...

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  • Nick Cannon Mourns Friend Killed in San Diego Mass Shooting
Nick Cannon Mourns Friend Killed in San Diego Mass Shooting

Nick Cannon took to social media to mourn Monique Clarke, the young woman killed Sunday in a mass shooting in San Diego. One victim, 34-year-old Thomas Blea, said he was grateful to a security guard at the apartment complex who hustled him and two other victims quickly to safety.

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  • Bale lifts weights in pool, working for Champions League final
Bale lifts weights in pool, working for Champions League final

However, Zidane claimed Bale is expected to recover in time for the final and could make the line-up as Real Madrid "are a better team" when the Welshman plays. And inside the away dressing room at the Vicente Calderon stadium, there were jubilant scenes among Zidane's players. Their talent-packed squad has allowed coach Zinedine Zidane to pick...

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  • Oil Inventories Fall More than Expected; Prices Rise
Oil Inventories Fall More than Expected; Prices Rise

In March, OPEC announced the possibility that such cuts would be extended. WTI also fell 1.2 percent in the previous session, and the closing price for both contracts on Tuesday was the second lowest since November 29, the day before the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut production during the first half of 201...

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  • Numis Securities Gives Renishaw Price Target With Potential 5.44% Upside
Numis Securities Gives Renishaw Price Target With Potential 5.44% Upside

The company has market cap of $115.30 million. It has a 9.98 P/E ratio. It is engaged in providing IT associates in digital and mainstream technologies, digital transformation services around Salesforce.com and SAP HANA, as well as digital learning services.

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  • UBM Plc (UBM) to Issue Dividend Increase - GBX 16.60 Per Share
UBM Plc (UBM) to Issue Dividend Increase - GBX 16.60 Per Share

COPYRIGHT VIOLATION NOTICE: "Analysts Set St. James's Place plc (STJ) Price Target at $1,182.21" was reported by BBNS and is the property of of BBNS. JMP Securities downgraded Ocera Therapeutics Inc (NASDAQ:OCRX) on Tuesday, January 31 to "Mkt Perform" rating.

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  • Molefe to return to head Eskom
Molefe to return to head Eskom

She added: "Given that I was not a party to the contract of employment concluded between the Eskom board and Mr Molefe, I have instructed the board to urgently engage Mr Molefe and report back to me with an appropriate pension proposal within seven days".

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  • Snapchat reports mere 166 million daily users, growth nosedives!
Snapchat reports mere 166 million daily users, growth nosedives!

Snap chalked up the slowdown to a technical issue with Android users in Q4, which it says it fixed in Q1, though it added just 8 million new daily users this past quarter after adding 15 million DAUs on year ago. Last month, Instagram stories surpassed Snapchat stories with 200 million users. In an earnings call, he addressed concerns about deali...

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  • Cook: Apple Spending $1B for Advanced Manufacturing Jobs
Cook: Apple Spending $1B for Advanced Manufacturing Jobs

Apple CEO Tim Cook made the announcement in an interview with CNBC's Jim Cramer . Falling somewhat in line with President Donald Trump's vision of bringing back manufacturing jobs to the U.S., the Cupertino company said it would announce the first investment from its new fund later this month.

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  • Snap shares hammered after US$2.2b loss
Snap shares hammered after US$2.2b loss

The disappointment around the results drove the company's shares to drop 21 percent to $18.15 per share. Snap revealed user growth has slowed considerably in its first quarter that ended March 31. That was two million fewer than expected, but 36% higher than the same period past year. "If we had just in the beginning encouraged snapchatters to ...

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  • Snap shares whacked after earnings miss forecast
Snap shares whacked after earnings miss forecast

Snap said revenue jumped almost fourfold to $US149.6 million ($203.5 million), but analysts on average had expected revenue of $US158 million, according to Thomson Reuters I/B/E/S. Facebook previously announced that Instagram's Snapchat Stories clone is being used by more than 200 million people every day. To compensate for the lacklustre ...

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  • Lawmakers to airlines: Improve service or Congress steps in
Lawmakers to airlines: Improve service or Congress steps in

In the wake of the United Airlines passenger-dragging incident last month, U.S. legislators grilled executives from some of the nation's largest airlines on Tuesday - and reports say they often sounded like any other group of aggrieved passengers wondering why flying often seems so unpleasant.

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  • Handbag giant Coach buys Kate Spade for $2.4 billion
Handbag giant Coach buys Kate Spade for $2.4 billion

Below we'll highlight some of the key takeaways from the acquisition. Coach has also been linked to a possible purchase of United Kingdom luxury footwear and accessories brand Jimmy Choo which was recently put up for sales by its owner JAB Luxury.

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  • EU Commission: English Language Losing Importance in Europe Amid Brexit
EU Commission: English Language Losing Importance in Europe Amid Brexit

Deputy chief EU Commission spokesman Alexander Winterstein, when asked if Mr Juncker's English remark would be constructive, l ater told a press briefing: "You are familiar with the way he speaks and that he does sometimes make light-hearted remarks".

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  • China, US Reach Agreement on Beef, Poultry and Natural Gas
China, US Reach Agreement on Beef, Poultry and Natural Gas

China will finally open its borders to US beef while cooked Chinese poultry is closer to hitting the American market as part of a U.S. "It was pretty much a Herculean accomplishment to get this done", said U.S. In the financial sector, Beijing will allow foreign businesses to operate credit rating services, as well as let US financial companies u...

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  • Trudeau congratulates Macron on election as French president
Trudeau congratulates Macron on election as French president

The handover of power will take place next weekend. If so, he'll be able to choose a prime minister. Macron s election was welcomed news at the United Nations as it battles to ward off plans from US President Donald Trump to cut funding to the world organization.

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  • Large Chinese-made passenger jet due to make maiden flight
Large Chinese-made passenger jet due to make maiden flight

The engine, as well as electronic devices for flight control, wheels, brakes and many other components are made in the US or Europe. Comac made two planes for the test flight and it expects to produce four more by 2019, said Bao Pengli, deputy head of Shanghai Aircraft Manufacturing Co.

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  • US Federal Reserve keeps key lending rate unchanged
US Federal Reserve keeps key lending rate unchanged

The unemployment rate was 4.5 percent in March, near or below most estimates for its longer-run sustainable level. Ryan Sweet, senior economist at Moody's Analytics, said: "The Fed is communicating its mantra of gradual rate hikes". The Fed also is watching whether President Donald Trump can push through Congress his initiatives on tax cuts and...

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  • Macron fields activists for French legislative elections
Macron fields activists for French legislative elections

The parliamentary vote could see the newly elected Macron , who has no party of lawmakers behind him, deprived of support for his legislative agenda giving way to a multi-year period of political deadlock. Macron will take over as President of France on Sunday and is expected to have chosen a government the following week. Among them , Jea...

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