German ZEW Survey results Expected On Tuesday
TestThe German ZEW survey is due on Tuesday 16th January and is so far the most awaited news of the first two days of this week’s trading. There is a lot of optimism in play as recent stats also show
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BlackBerry Limited (Nasdaq:BBRY) rises after Classic launch, BGC upgrade, Pentair plc (NYSE: PNR), Honda Motor Co., Ltd (NYSE: HMC)
By Lisa Harris
BlackBerry Limited (Nasdaq:BBRY) rises after Classic launch, BGC upgrade. Shares of BlackBerry (BBRY) are rising after the company unveiled its new BlackBerry Classic smartphone and research firm BGC Financial upgraded the stock to Buy from Hold. BlackBerry Classic features a new operating system that includes the company's first digital assistant and gives users the ability to access content from the smartphone when they are on other devices. ANALYST UPGRADE: BGC Financial analyst Colin Gillis upgraded BlackBerry ahead of the company's third quarter results, due to be reported on Friday. BlackBerry is in the early stages of turning itself around, but the company has increased its credibility with investors, partly by reducing its costs, focusing on its core strengths, and launching strategic partnerships, Gillis believes. In early afternoon trading, BlackBerry rose 4% to $9.89.
In-Situ Inc. announces divestiture of PR Aqua Supplies to Pentair plc (NYSE: PNR). In-Situ Inc. announced that it has finalized the divestiture of PR Aqua Supplies Ltd. to Pentair. PR Aqua Supplies Ltd. is a leading aquaculture solutions provider based in Nanaimo, BC, Canada. PR Aqua designs and integrates comprehensive systems for water treatment for fish handling in the public and private sectors on a worldwide basis. PNR traded in the green and closed at $ 60.96 for the day. The stock saw a change of $ 1.12(1.87%) with a volume of 2,163,982 shares. PNR has a market cap of $ 11.39B.
Honda Motor Co., Ltd (NYSE: HMC) to add additional $168M to FY14 expenses from airbag recall, Nikkei says. Honda (HMC) is expected to add more than $168M to its current FY14 expenses due to recalls of vehicles installed with faulty air bags made by Takata (TKTDY), Nikkei says.HMC is part of the Consumer Goods sector in Auto Manufacturers – Major industry. The stock closed for the day at $ 28.87 with a change of $ 0.06 or 0.21%. HMC traded in a range of $ 28.83 to $ 29.35 through the day. The stock’s 52 week range is $ 28.83 to $ 41.65.
In-Situ Inc. announces divestiture of PR Aqua Supplies to Pentair plc (NYSE: PNR). In-Situ Inc. announced that it has finalized the divestiture of PR Aqua Supplies Ltd. to Pentair. PR Aqua Supplies Ltd. is a leading aquaculture solutions provider based in Nanaimo, BC, Canada. PR Aqua designs and integrates comprehensive systems for water treatment for fish handling in the public and private sectors on a worldwide basis. PNR traded in the green and closed at $ 60.96 for the day. The stock saw a change of $ 1.12(1.87%) with a volume of 2,163,982 shares. PNR has a market cap of $ 11.39B.
Honda Motor Co., Ltd (NYSE: HMC) to add additional $168M to FY14 expenses from airbag recall, Nikkei says. Honda (HMC) is expected to add more than $168M to its current FY14 expenses due to recalls of vehicles installed with faulty air bags made by Takata (TKTDY), Nikkei says.HMC is part of the Consumer Goods sector in Auto Manufacturers – Major industry. The stock closed for the day at $ 28.87 with a change of $ 0.06 or 0.21%. HMC traded in a range of $ 28.83 to $ 29.35 through the day. The stock’s 52 week range is $ 28.83 to $ 41.65.
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By Lisa Harris
Latest from MarketsDaily
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UK Employment Falls Slightly In October
Test The jobs market stagnated in the three months to October, according to the latest jobs report from the Office for National Statistics, suggesting employers are finally slowing their hiring in the wake of June’s Brexit vote. The number of
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Eurozone Industrial Production Fails In October
Test Eurozone industrial output dipped in October for the second consecutive month against expectations of a slight rise as production of intermediate and non-durable consumer goods dropped in a sign of muted growth in the fourth quarter according to data
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U.S Import Prices Fall In November
Test U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued. The Labor Department said on Tuesday import prices fell 0.3 percent last month
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Asian Development Bank cuts India’s 2016 growth estimate
Test The Asian Development Bank (ADB) today cut its 2016 growth estimate for India to 7 per cent from the previous 7.4 per cent on account of demonetization, weak investment and agricultural slowdown. The ADB had, in March last year,
