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Ford turns bearish on soft FY16 outlook
One-time costs of $600 million associated with the replacement of faulty door latches took a toll on the fiscal 2016 third-quarter income of the automotive manufacturer Ford Motor Co. (NYSE: F). The company’s revenue and earnings topped consensus estimates. Ford
Read MoreHong Kong & India Concerned Over Rise In Counterfeit Currency
A rise in the circulation of fake currency in Hong Kong and India has now become a serious concern for the authorities. Police in Hong Kong have issued warnings to the public that counterfeit currency in small denominations is increasing
Read MoreUncertainty Over BoE Governor’s Term Worries Financial Experts
Speculation over the length of Mark Carney’s term as the governor of the Britain’s central bank, the Bank of England (BoE) has market analyst and financial experts concerned about the impact of his decision. Carney has said earlier that he
Read MoreeBay turns bullish on beating Q3 estimates
A short position in the form of a one touch put option was suggested in eBay Inc. (NASDAQ: EBAY) on September 13, with a target price greater than 29. The recommendation was given when the stock was trading at about
Read MoreUK FCA Proposes Significant Changes To Anti-Competitive Practices
UK’s regulatory body, the Financial Conduct Authority (FCA) is suggesting the introduction of several new rules that will restrict bankers from indulging in misleading behaviour that impacts competition in the industry. As a part of its final report reviewing the
Read MoreLoss of US media contracts keeps Publicis Groupe bearish
The advertising and public relations company Publicis Groupe S.A. (OTC: PUBGY) is due to release its fiscal 2016 third-quarter results on October 20. The company reported an increase in the fiscal 2016 first-half earnings and revenue, compared to the corresponding
Read MoreLeaked Docs Show RBS Pushed Small Businesses Towards Closure
Documents leaked to the media have revealed that British bank, the Royal Bank of Scotland (RBS) actively adopted predatory practices to squeeze more profits from struggling businesses. Internal emails leaked to Buzzfeed and the BBC refer to a project called
Read MoreRolls-Royce turns bullish on management’s optimistic view
Following the poor fiscal 2016 first-half results, the share price of the top-end car and aero-engine manufacturing company Rolls-Royce Holdings Plc (RR.LS) dropped about 20% to £700 in the second-week of September. After a brief period of consolidation, to the
Read MoreRumours of acquisition keeps Twitter bullish
The share price of online social networking service provider Twitter (NYSE: TWTR) is rallying for the past one week. There is no official news aiding the rally. The market had a bearish view of the stock, considering the eighth consecutive
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