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Walt Disney acquires full control of Disneyland Paris

Taking into account the lackluster media segment revenue in the second-quarter of fiscal 2017, we had conveyed our interest to purchase a put option in the stock of Walt Disney (NYSE: DIS) on May 15th . The stock, which was

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Israel To Ban Binary Operators Targeting Overseas Customers

The Israeli government is pushing through a bill that will ban the highly controversial binary options industry that’s been accused of engaging in fraudulent and misleading transactions. Binary options are instruments by which a customer bets on whether the value

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Lukoil beats Q1 2017 profit view, cuts production in Iraq

Last week, Russia’s second-largest oil producer, Lukoil (LUKOY, LKOD.LS) reported better than anticipated fiscal 2017 first-quarter earnings, compared to last year. The revenue in the March 2017 quarter grew 21.7% on y-o-y basis. However, the stock has not reacted positively

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Teva turns bullish on FDA’s approval for Atomoxetine

Israel-based Teva Pharmaceutical Industries Ltd (NYSE: TEVA) reported non-GAAP net income of $1.08 billion, or $1.06 per share, on revenues of $5.630 billion in the fiscal 2017 first-quarter. This compares with a non-GAAP net income of $1.17 billion, or $1.20

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UniCredit Q1 2017 profit rises 40.6% YoY, beats estimates

After a balance sheet clean-up that resulted in a loss of €11.8 billion in 2016, Italian lender UniCredito Italia Az (OTC: UNCFF) has begun the year well. Earlier this month, the largest Italian bank by assets reported 2017 first-quarter results

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Walmart beats Q1 2018 EPS estimates, issues strong Q2 view

The stock of retail chain Walmart Stores (NYSE: WMT) rallied more than 3% last Thursday to close at $77.54. The steep rise in the share price was due to fiscal 2018 first-quarter earnings that surpassed the Wall Street estimates. The

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Blackstone Announces $40bn Infrastructure Fund With Saudi Arabia

Against the background of U.S President Donald Trump making his first overseas visit to Saudi Arabia, Blackstone Group, a major private equity firm has announced the launch of a $40 billion fund that will invest into infrastructure projects in United

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PepsiCo beats Q1 2017 estimates, reaffirms FY17 EPS view

Despite reporting fiscal 2017 first-quarter results that beat analysts’ consensus, the stock of food and beverage company PepsiCo Inc (NYSE: PEP) remains range bound between $111.50 and $113.50. Analysts attribute the decline in the adjusted gross and operating margin for

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European Banks Threaten Exodus From London

European banks have indicated in private discussions that they would shift hundreds of jobs out of the UK if Brexit results in the Bank of England demanding that they pour in fresh capital into their British operations. The new capital

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Apple Q2 2017 rev miss estimates, issues soft Q3 2017 rev view

While reporting the fiscal 2017 second quarter results on Tuesday last week, Apple Inc (NASDAQ: AAPL) said that it sold 50.8 million iPhones – few notches lower than analysts expectation of 52 million- in the March quarter. That caused a

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