Business
Reynolds American (RAI) is Downgraded by Citigroup to Neutral
The company pays a US$0.46-cent-per-share quarterly dividend, giving it a 3.17% yield. Over the one year trading period, the stock has a high price of $58.15 and its low price is recorded at $43.38. (NYSE:RAI)'s highest estimates of price target are $62 and low forecast is $49 based on the opinion of 11 analysts. British American Tobacco p.l.c.
Business
Vegemite to return to Australian hands in $460 million Bega deal
Mondelez International has sold a clutch of its Australian and New Zealand grocery brands, including the iconic spread business Vegemite, to Bega cheese for AUD460m (US$346m). In notes for shareholders, Bega highlights that the Mondelez International grocery business holds 31% of the $550 million "spreads" market in Australia, with the business including Vegemite and KRAFT spreads like peanut butter, nut spreads and "ambient cheese spreads".
Business
American Airlines to start offering cheaper seat option
American Airlines is launching a new discounted fare class called Basic Economy. American is joining Delta and United airlines in announcing lower-tier fares to attract budget-conscious consumers that now opt to fly ultra-low-fare airlines such as Spirit and Frontier.
Business
Eli Lilly Buys Pharmaceutical Company CoLucid for $960 Million
Eli Lilly and Company (LLY) opened the session with a $77.06 price tag, later ranging from $75.87 to $77.06, the range at which the stock has traded at throughout the day. 12/16/2016 - Eli Lilly and Company had its "market perform" rating reiterated by analysts at BMO Capital Markets. Eli Lilly and Co. has a one year low of $67.88 and a one year high of $88.16.
Business
Marathon Petroleum Corporation (NYSE:MPC) Quarterly Analysis
Finally, Nomura lowered Marathon Oil Corporation from a "buy" rating to a "neutral" rating in a research note on Thursday, December 15th. Hedge funds and other institutional investors own 82.04% of the company's stock. The stock of Marathon Oil Corporation (NYSE:MRO) has "Outperform" rating given on Monday, August 10 by Oppenheimer. Marathon Oil Corporation had a negative return on equity of 4.91% and a negative net margin of 32.98%.
Business
Rio Tinto's 2016 iron ore shipments up 3%
Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Over the last twelve months Rio Tinto PLC's share price has increased from 1546.66 to 3410.5, changing by 120.51%. In other news, insider Jean-Sébastien Jacques acquired 8,259 shares of the stock in a transaction dated Monday, December 5th. The shares were bought at an average price of GBX 3,036 ($36.63) per share, with a total value of £250,743.24 ($302,501.19).