Hilton Worldwide PT Raised by RBC

Hilton Worldwide PT Raised by RBC

Hilton Worldwide Holdings received a price-target increase Monday from RBC Capital Markets, which cited a combination of multiple expansion and a higher forecast for earnings before interest, taxes, depreciation and amortization. The new price target from RBC is $71 per share, up from $62. In comparison, the stock closed Friday’s session at $64.75, up 15% from three months ago. RBC kept its investment rating on the stock at outperform.”We believe […]

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Acxiom Forms Marketing-Focused Partnerships

Acxiom Forms Marketing-Focused Partnerships

Acxiom said early Wednesday it was selected by The Michaels Companies’ (MIK) Michaels Stores to provide its integrated, data-driven marketing solutions to enhance customer experience and optimize marketing investments. “Acxiom connects our marketing and advertising ecosystem at the data layer. This will help us improve our customer engagement, increase the relevance of our customer communication, and enable us to more fully measure the effectiveness of our marketing programs,” said Steve […]

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Royal Bank Scotland Responds to Financial Conduct Authority in U.K.

Royal Bank Scotland Responds to Financial Conduct Authority in U.K.

The Royal Bank Scotland (RBS) said Friday it responded to the U.K.’s Financial Conduct Authority with regard to media speculation that highlighted an alleged money laundering scheme involving Russian entities between 2010 and 2014. ADRs climbed more than 1% intraday. “Allegedly certain European banks, including 17 UK based financial institutions, and certain U.S. banks, were involved in processing certain transactions associated with this scheme,” the lender said in a Form […]

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Halozyme Therapeutics Q4 Loss, Revenues Top Views

Halozyme Therapeutics Q4 Loss, Revenues Top Views

Halozyme Therapeutics (HALO), a biotechnology company developing cancer treatments, posted a narrower-than expected loss per share for Q4. The net loss was $0.21 per share, compared with earnings per share of $0.03 in the same quarter a year earlier. Analysts in a Capital IQ poll expected loss per share of $0.30 on average. Revenue in Q4 was $39.0 million compared with $52.2 million for the fourth quarter of 2015. That’s […]

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McDonald’s Rises 1% Off Halt After Co Unveils Global Growth Plan

McDonald’s Rises 1% Off Halt After Co Unveils Global Growth Plan

Shares of McDonald’s (MCD), which were halted earlier, climbed more than 1% after CEO Steve Easterbrook and members of the senior management team detailed the company’s long-term global growth plan at an investor day event in downtown Chicago. The company said in a statement on Wednesday its growth plan focuses on enhancing digital capabilities and the use of technology to substantially elevate customer experience while redefining convenience through product delivery. […]

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Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil prices were paring early gains on Wednesday after government data showed that US inventories of oil expanded last week, marking the eighth consecutive week in which stockpiles have increased. West Texas Intermediate (WTI) crude oil, the main US benchmark, was trading 0.01% lower at $53.98 per barrel recently while Brent crude, the international gauge, was 0.02% higher at $56.52 per barrel. Earlier in the day WTI and Brent had […]

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