Business
Ant Financial buys MoneyGram for $880 million
That represents an 11.5 percent premium to where shares in the money-transfer company closed on January 25. MoneyGram's extensive range of services would likely complement Ant Financial's various businesses, which include Alipay and money market fund Yu'e Bao.
Business
Convicted murderer killed NH woman, victims found in barrels — SHREVEPORT CONNECTION -- Officials
Strelzin said Evans fits the profile of a serial killer, and appeared to target women and children, possibly using children as "bait". "Please turn your focus toward the unidentified victims, and other potentially unknown victims in this case, and hopefully their families will be offered some closure as this investigation continues", Beaudin wrote in a statement released today.
Business
Frontline Matters in Notice- Schlumberger (NYSE:SLB), Sanchez Energy (NYSE:SN)
The analyst, however, has maintained his Buy rating on the stock. "We also note that Asia seems to have bottomed which likely benefits SLB given strong overseas exposure", the analyst wrote in a research note to clients. On average, equities research analysts forecast that Schlumberger N.V. will post $1.15 earnings per share for the current year. The Stock now has a Weekly Volatility of 1.77% and Monthly Volatility of 1.42%.
Business
Alibaba Posts Another Strong Quarterly Earnings
Alibaba is the dominant player in China when it comes to online commerce and has expanded into sectors including sport and entertainment. The company benefited from a record sales on its Singles' Day Shopping Festival on November 11, 2016.
Business
Trump's protectionist speech hits dollar and shares
The dollar had soared late past year on expectations that Trump's pledges to cut taxes and hike infrastructure spending would boost the US economy, spurring inflation and higher interest rates. As Donald Trump took charge of the presidency of the United States, the dollar retreated against most of its peers on Monday, with warnings of wild volatility.
Business
Paddy Power Betfair sees 2016 earnings hit mid-point
It expects the group's underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to be close to the mid-point of its previously guided range of between £390m (€453m) and £405m (€470m). The Irish firm notes that the total cost of "customer friendly results" was approximately £40m (€46m) in the quarter - before "any benefit from the re-cycling of winnings".