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Dow Jones closes down 4.6% in largest one-day point decline

Dow Jones closes down 4.6% in largest one-day point decline

The global equity sell-off has been building since last Friday when traders became spooked by the prospect of tighter monetary policy after the United States posted strong average earnings data. The broader index S&P 500 declined by 0.79% to 2,740.44 points . Wall Street stocks appeared headed for another wild ride Tuesday, opening sharply lower but working their way into positive territory shortly thereafter. Consulte Mais Informação

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Province announces ICBC changes it claims will save $1B a year

Province announces ICBC changes it claims will save $1B a year

The province says "these changes will reduce the amount ICBC spends on legal fees and expenses, which have grown to consume 24 per cent of ICBC's budget" and claim they "will restore ICBC to financial sustainability". CBABC noted that it has been strongly advocating for improvements in accident benefits, which have been frozen since 1991, and supports this change as beneficial to the public. Consulte Mais Informação

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Gilead Sciences Inc. (NASDAQ:GILD)

Gilead Sciences Inc. (NASDAQ:GILD)

About 5.57 million shares traded. Gilead Sciences, Inc . (NASDAQ: GILD ) has declined 21.80% since February 6, 2017 and is downtrending. It has underperformed by 38.50% the S&P500. The firm earned "Outperform" rating on Wednesday, February 3 by Credit Suisse. The third largest holder is State Street Corp, which now holds $4.53 billion worth of this stock and that ownership represents almost 4.33% of its market capitalization. Consulte Mais Informação

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Australian shares set to join global tumble

One of the benchmark indices in Australia is the S&P/ASX 200, which tracks as much as 200 most actively traded stocks on the ASX . The broader All Ordinaries index dropped by 3.1 per cent to 5,938. economy will set interest rates rise as many as four times this year. The big banks Citigroup, Goldman Sachs and Bank of America dropped by up to 2.5 per cent each. Consulte Mais Informação

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Target's (TGT) Market Perform Rating Reaffirmed at Telsey Advisory Group

Target's (TGT) Market Perform Rating Reaffirmed at Telsey Advisory Group

Gilman Hill Asset Management LLC lessened its position in shares of Target Co. Other institutional investors also recently bought and sold shares of the company. In other Target news, insider Stephanie A. Lundquist sold 3,000 shares of the firm's stock in a transaction on Tuesday, January 23rd. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. Consulte Mais Informação

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Hewlett Packard Enterprise Company (NYSE:HPE)

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HPE . The Return on Assets for Hewlett Packard Enterprise Company (NYSE: HPE ) is 0.004320. They expect $0.23 earnings per share, down 48.89% or $0.22 from last year's $0.45 per share. The company's distance from 52-week high price is -9.93% and the current price is 21.04% away from 52-week low price. Consulte Mais Informação

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Analyst Target Price and Stock Review Infinera Corporation (INFN)

Zacks' sales calculations are a mean average based on a survey of analysts that that provide coverage for Infinera. Infinera (NASDAQ: INFN ) last announced its quarterly earnings results on Wednesday, November 8th. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . The number of shares now owned by investors are 150.48 mln. Consulte Mais Informação

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What Do Analysts Say About Colgate-Palmolive Co

A number of other large investors have also modified their holdings of CL. Hanson & Doremus Investment Management boosted its stake in Colgate-Palmolive by 4.5% during the second quarter. Cibc World Mkts Incorporated has 0.02% invested in Colgate-Palmolive Company (NYSE:CL). The company reported $0.75 EPS for the quarter, hitting the Zacks' consensus estimate of $0.75. Consulte Mais Informação

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Vipshop (NYSE:VIPS) Stock Rating Upgraded by Nomura

Parus Finance Uk Ltd who had been investing in Vipshop Hldgs Ltd for a number of months, seems to be less bullish one the $10.29 billion market cap company. The rating was downgraded by Morgan Stanley to "Equal-Weight" on Monday, November 16. The price/earnings to growth ratio (PEG ratio ) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. Consulte Mais Informação

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Court poised to stamp out Christian Louboutin's sole use of red

Court poised to stamp out Christian Louboutin's sole use of red

French shoemaker Christian Louboutin, famous for his stiletto heels, has suffered a severe setback in his battle to protect the trademark red sole. At the centre of the legal argument is whether or not "shape" includes colour. In 2013, Van Haren was forced to cease production of the shoes in question when the Brussels Court of Appeal ruled in favor of an injunction by Louboutin, finding that the red soles represented a distinctive marker for consumers. Consulte Mais Informação

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Restaurants could require waiters to split tips under new regulation

Restaurants could require waiters to split tips under new regulation

The new rule would instead allow employers who pay their tipped workers the measly federal minimum wage of $7.25 to take all the tips their employees receive and do with them as they please. "The Department of Labor should be focused on improving tipped workers' economic security", wrote Institute for Policy Studies Director John Cavanagh in the organization's public comment letter . Consulte Mais Informação

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Abraaj Group refutes media reports of investor row over health fund misuse

The investors included the Bill & Melinda Gates Foundation, the World Bank's International Finance Corp unit and two other investors, who pledged about a quarter of the fund's money. "We are confident that the exercise being conducted by KPMG will confirm that all the funds were accounted for and used appropriately". Abraaj (Arabic for "towers") said following discussions with investors that it "returned the unused capital to all investors in the fund at the end of December 2017". Consulte Mais Informação

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Lloyds Bank cuts staff in operational overhaul

Lloyds Bank cuts staff in operational overhaul

The bank also eventually plans to add back 465 roles across its businesses. Staff affected were informed at the end of January that they will be redeployed where possible, with the bank encouraging voluntary redundancies. The spokesperson went on to say that the group's policy is always to use "natural turnover" and to "deploy people wherever possible to retain their expertise and knowledge". Consulte Mais Informação

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Comcast Reportedly Considering Out-Bidding Disney For Fox Acquisition

Comcast Reportedly Considering Out-Bidding Disney For Fox Acquisition

Comcast executives suggested to [Fox founder Rupert] Murdoch previous year they would be willing to pay significantly more for Fox's assets than what Disney was offering, said the people". "Spokeswomen for Comcast and Fox declined to comment". For $54.2 billion stock, Disney will take ownership of film businesses including Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000, along with the television creative units, Twentieth Century Fox Television, FX Productions and Fox 21. Consulte Mais Informação

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Why the Dow's Historic 1175-Point Plunge Isn't That Impressive

Why the Dow's Historic 1175-Point Plunge Isn't That Impressive

Stocks closed sharply higher on Wall Street after another turbulent day of steep ups and downs. The Standard & Poor's 500 index ( S&P 500 ) declined 4.1 percent to 2,648.94 points. Markets in Asia typically follow the lead from the US. At 1002 GMT, the March E-mini S&P 500 Index is trading 2753.25, down 3.50 or -0.13%. Hong Kong's Hang Seng skidded 5.1 per cent and South Korea's Kospi declined 1.5 per cent. Consulte Mais Informação

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