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News & Updates

August 1, 2017 Honda posts strong first quarter, sees higher annual profit on favorable forex

Source: Reuters

TOKYO - Honda Motor Co. (7267.T) drove up its profit forecast for the year citing a more favorable currency exchange rate, after posting a surprise rise in quarterly earnings on the back of a weaker yen and solid demand in Asia.

August 1, 2017 Lawsuit says Wells Fargo auto insurance charges were a fraud

Source: Reuters

A new lawsuit accuses Wells Fargo & Co of racketeering violations and fraud after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies.

August 1, 2017 BP swings to profit, but 2010 spill still a drag

Source: MarketWatch

LONDON-- BP PLC on Tuesday reported modest profit for this year's second quarter, as its performance continued to be held back by the 2010 Gulf of Mexico oil spill that has cost it more than $60 billion.

August 1, 2017 Pfizer delays major M&A as it awaits U.S. tax reform clarity

Source: Reuters

Pfizer Inc's (PFE.N) chief executive said on Tuesday he would prefer to wait for clarity on U.S. tax reform before engaging in any big deals in order to get a better understanding of any potential acquisition target's value.

August 1, 2017 S.C. utilities halt work on new nuclear reactors, dimming the prospects for a nuclear energy revival

Source: Washington Post

The long quest to revive the nation’s nuclear power industry suffered a crippling setback Monday when two South Carolina utilities halted construction on a pair of reactors that once were expected to showcase a modern design for...

August 1, 2017 Tesla: More Bad News On Wednesday?

Source: Seeking Alpha

Here comes that quarterly tap dance between Tesla's (TSLA) management team and a group of probing analysts, determined to weed out facts from the raw numbers.

August 1, 2017 Dow futures jump 100 points as Wall Street kicks off August on a high note

Source: CNBC

Dow futures rose 102 points, putting the 30-stock index ever closer to the elusive 22,000 milestone. S&P 500 and Nasdaq 100 futures, meanwhile, rose 5.75 points and 20.75 points, respectively.

July 31, 2017 Slouching Towards Brexit

Source: National Review

If something doesn’t change soon in its negotiating posture, Britain may be headed toward crashing disastrously out of the EU.

July 31, 2017 Buyback and profit rise show progress as HSBC looks east

Source: Reuters

A third share buyback in a year by HSBC underlined progress in the turnaround plan for Europe's biggest bank, with profit also growing by 5 percent in the first half of 2017.

July 31, 2017 Wells Fargo’s Mary Mack to roll out sweeping changes to branches starting Monday

Source: Charlotte Observer

Nearly 11 months after a massive sales scandal, Monday will be a big day at Wells Fargo as Charlotte-based executive Mary Mack begins rolling out new procedures affecting branches.

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