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Toshiba shares fall on media report of profit padding

TOKYO, Jan 4 (Reuters) – Toshiba shares fell more than five percent on Wednesday after media reported that Japan’s security watchdog suspects it of padding profits by 40 billion yen ($339.59 million)… Source
Posted On 04 Jan 2017

UPDATE 1-Toshiba hit by fresh profit padding allegations

TOKYO, Jan 4 (Reuters) – Toshiba Corp shares fell more than five percent in early trade on Wednesday after media reported the security watchdog suspects the Japanese conglomerate of misreporting… Source
Posted On 04 Jan 2017

Britain’s FTSE slips from record high as Next slumps

LONDON, Jan 4 (Reuters) – Britain’s top share index traded flat on Wednesday, edging down from a record high hit in the previous session as shares in Next slumped after the retailer issued a profit… Source
Posted On 04 Jan 2017

Follow The Money Into These Consumer Sectors

The consumer is back with multi year high confidence and strong spending numbers Amazon is reporting its best holiday season ever and the National Retail Federation says total holiday spending could far exceed its initial estimate of 655 billion Expectations for 2017 have also Source
Posted On 04 Jan 2017

Tuesday Sector Leaders: Precious Metals, Shipping Stocks

In trading on Tuesday precious metals shares were relative leaders up on the day by about 3 9 Leading the group were shares of Platinum Group Metals PLG up about 14 7 and shares of International Tower Hill Mines THM up about 11 9 on the day Also showing relative strength Source
Posted On 04 Jan 2017

Tuesday Sector Laggards: Water Utilities, Computer Peripherals

In trading on Tuesday water utilities shares were relative laggards down on the day by about 1 5 Helping drag down the group were shares of Aquaventure Holdings WAAS down about 8 and shares of Artesian Resources Corporation ARTNA off about 3 3 on the day Also lagging Source
Posted On 04 Jan 2017

Tuesdays ETF Movers: GDXJ, SOXX

In trading on Tuesday the Junior Gold Miners ETF GDXJ is outperforming other ETFs up about 4 8 on the day Components of that ETF showing particular strength include shares of McEwen Mining MUX up about 10 3 and shares of Pretium Resources PVG up about 7 8 on the Source
Posted On 04 Jan 2017

Tuesdays ETF with Unusual Volume: SPHB

The PowerShares S amp P 500 High Beta Portfolio ETF SPHB is seeing unusually high volume in afternoon trading Tuesday with over 5 8 million shares traded versus three month average volume of about 430 000 Shares of SPHB were up about 0 7 on the day Components of that ETF with Source
Posted On 04 Jan 2017

Here’s How Alibaba’s Content Investment Can Drive Growth For The Company

Reports suggest that Alibaba s 160 BABA entertainment arm Alibaba Digital Media and Entertainment will invest more than 7 2 billion in content over the next three years To put this number in perspective Netflix is likely to spend 6 billion on content in 2017 and has a Source
Posted On 04 Jan 2017

What 2017 Holds for MGM: Businesses Set To Grow in 2017

The Las Vegas 160 Strip was 160 the only major casino market to 160 show positive growth in 2016 which has resulted in great success for MGM Resorts International MGM given that about 75 of MGM s total revenues comes from its Las Vegas Strip operations MGM s performance in the...
Posted On 04 Jan 2017