Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Latest business news
Tuesday February 9th 2016: Latest financial news from the worldCost cuts help Coca-Cola beat profit expectations
Viacom's quarterly revenue misses estimates on weak ad sales
Viacom Inc , the owner of MTV, Comedy Central, Nickelodeon and movie studio Paramount, reported a steeper-than-expected drop in quarterly revenue, hurt by lower advertising sales in the United States and few hit movie releases in the period. Domestic advertising revenue fell 4 percent, as price increases were more than offset by a decline in traditional ratings at some of Viacom's networks. Three analysts told Reuters they had forecast domestic ad revenue to fall 5 percent in the quarter ended Dec. 31.
Futures lower as investors shy away from risk
* "There is a high probability of a further correction in equity prices, led by banking and energy stocks," said Lorne Baring, managing director of B Capital Wealth Management, adding that looming defaults in the energy sector would hurt banks. * Wall Street fell on Monday, after a late rally in energy stocks failed to stem the selloff in the financial sector. * "Investors should be concerned that the behavior was similar to January's when macro trends dominated and late day short squeezes prevented the type of liquidation selling necessary for a sustainable low," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
Google CEO Pichai receives stock grant worth about $199 million
(Reuters) - Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc . Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on Feb. 3. The valuation is based on the stock's closing price on that date. On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C capital stock at a price of $768.84 each, the filing said. (http://1.usa.gov/1PhAHCI). ...
IEA sees global oil glut worsening, OPEC deal unlikely
By Dmitry Zhdannikov LONDON (Reuters) - The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coordinates energy policies of industrialised countries, said that while it did not believe oil prices could follow some of the most extreme forecasts and fall to as low as $10 per barrel, it was equally hard to see how they could rise significantly from current levels. The Paris-based IEA trimmed its forecast for 2016 oil demand growth, which now stands at 1.17 million barrels per day (bpd) following a five-year high of 1.6 million in 2015.
Facebook's India stumble could embolden other regulators
By Jeremy Wagstaff and Himank Sharma SINGAPORE/MUMBAI (Reuters) - India's decision to effectively ban Facebook's pared-back free Internet service is a major blow to the social network's plans, and may prompt other regulators to demand equal online access for their users. Facebook will have to reconsider its approach in the light of India's new rules preventing Internet service providers from having different pricing policies for accessing different parts of the Web, analysts said. "This is a major setback for Facebook," said Naveen Menon, lead analyst at A.T. Kearney in Singapore.
Now it is Tesla's turn to confront the bears
Corporate winners of Obama budget still face long odds
By Lewis Krauskopf NEW YORK (Reuters) - Facing a hostile Congress in an election year, President Barack Obama will be hard-pressed to push through many of the proposals in his final budget as U.S. leader. Added funding could benefit suppliers such as Delphi Automotive, Autoliv and Mobileye, which are developing safety features for autonomously driven cars, and Lear, which makes electrical power systems, according to Brian Sponheimer, analyst at Gabelli & Co. "The market discounts that any proposals by this administration will be if not ignored, then outright put down," Sponheimer said. "There clearly is upside if it passes, but there is a very healthy skepticism that that is likely to take place." Obama's plan to fund an overhaul of the nation's infrastructure through a $10-a-barrel tax on crude oil could also boost engineering and construction firms such as Granite Construction said Morris Ajzenman, an analyst at Griffin Securities.
U.S. regulators upgrade, expand Fiat Chrysler gearshift probe
The U.S. National Highway Traffic Safety Administration said Monday it is expanding a defect investigation of 856,000 Fiat Chrysler SUVs and cars because the vehicles may roll away after drivers exit, thinking they have put the transmission in Park. The government's investigation covers the 2014-15 Jeep Grand Cherokee SUV, 2012-14 Dodge Charger and Chrysler 300. The vehicles under investigation have "E-shift" gear-shifts that operate electronically.
U.S. bank stocks and bonds clobbered by recession worry
NEW YORK (Reuters/IFR) - U.S. bank stocks and bonds took a pounding on Monday as recession fears compounded concern about their exposure to the energy sector and expectations that global interest rates are unlikely to rise quickly. The S&P 500 financial index, already the worst performing sector this year, fell 2.6 percent and now stands more than 20 percent from its July 2015 high, confirming the sector is in the grip of a bear market. Shares of Morgan Stanley slid 6.9 percent in their largest one-day drop since November 2012, while rival Goldman Sachs fell 4.6 percent.
Stocks edge lower in early trading on Wall Street
Stocks are edging lower on Wall Street in early trading as investors take little solace from the latest deal to deliver financial help to Greece and an increase in U.S. home prices.
Bank of England keeps interest rates steady
LONDON (AP) — The Bank of England has kept interest rates steady as it remains cautious about Britain's economic recovery.
The best coding language courses, now up to 95 percent off
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Amazon Japan has free on-call wine advisors
Seven tips to tap into Word's AutoText power
Raspberry Pi: New NOOBS and Raspbian releases
Steve Jobs, film review: Backstage at a three-act play
So... What is #NoLetUp! ???
There's a buddy of mine named Tony Luisi, whom I met when I was at 1-800-Flowers. He was on my team and supported me with corporate sales and a lot of other things. A very active guy, a ball player and a Dad, Tony started using the phrase "No Let Up," with regard to honoring persistence and a relentless spirit, and fund-raising purposes for...
Wearable sleeve could improve stroke recovery therapy
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A new frontier for open source: Linux will power our robotic future
Apple TV is getting badly-needed voice-dictation
Poseidon cybercriminals blackmail enterprise players into business relationships
Amazon's new free game engine comes with Twitch baked in
Sky Q goes on sale in the UK
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VMware's Workspace One targets mobile enterprise with 'hybridity'
Kickstarter lists 100 facts from 100,000 funded campaigns
How the 2016 presidential candidates measure up on social media
Presidential candidates are continuing to take their messages to the Internet, where social media networks offer a digital soap box. Here's how the candidates stack up ahead of the New Hampshire primary.
NAB to complete Nextgen technology overhaul by end of year
Micron21 prepares to launch DDoS mitigation datacentre
Telstra outage: 'Embarrassing human error' to blame
Latest update signals that Adobe hasn't yet burned its Bridge CC
Open government data could add AU$25b to economy
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The world's only opalised pearls, 65 million years in the making
Domino's delivers a slice of innovation to Queenslanders
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