Business


Notable Moving Stocks: Rite Aid Corporation (RAD) closed Wednesday at $2.48 with

Rite Aid Corp now has $2.29B valuation. Rite Aid Corp (NYSE: RAD ) has trailing twelve month Return on Assets of -0.6%, which is key indicator of how profitable a company is relative to its total assets. Nordea Investment Management AB now owns 29,061 shares of the company's stock valued at $124,000 after buying an additional 5,706 shares during the last quarter.



Analysts See $0.19 EPS for Potash Corporation of Saskatchewan (USA) (POT)

Zacks Investment Research downgraded Potash Corporation of Saskatchewan from a "buy" rating to a "hold" rating in a research note on Tuesday, April 25th. Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 34.55 and a beta of 0.44.


China starts regulating bike-sharing as complaints soar

China starts regulating bike-sharing as complaints soar

The funding round was led by Alibaba , Hony Capital and CITIC Private Equity, with additional participation from existing investors Didi Chuxing and DST Global. The round is the largest known financing by a bike-sharing company, overtaking a US$600 million round by MoBike last month. Ofo is planning to use its new funds to bankroll a better user experience as well as a lofty global expansion goal, with a target to operate 20 million bicycles in 20 countries by the end of 2017.


Air India launches direct flight to Washington from New Delhi

Air India launches direct flight to Washington from New Delhi

The airline founders Rahul Bhatia and Rakesh Gangwal said IndiGo is interested in Air India's worldwide operations only, but they were not sure whether the government will be ready to sell only a portion of it to them. IndiGo's huge domestic operations give it an edge in global operations as well, Gangwal suggested. "IndiGo is a natural player to take advantage of the significant and lucrative worldwide market opportunity that India offers", Gangwal said.


Institutional Investors Love Independence Realty Trust Inc (NYSEMKT:IRT)

Institutional Investors Love Independence Realty Trust Inc (NYSEMKT:IRT)

Macquarie Group Ltd. raised its stake in Physicians Realty Trust by 12.5% in the fourth quarter. Hedge funds and other institutional investors own 92.50% of the company's stock. The insider Henderson Jay L bought $419,601. WOOD DONALD C had sold 20,000 shares worth $2.84M on Thursday, February 23. It also upped Idexx Laboratories Inc.


Russian hackers target Kansas nuclear plant

Russian hackers target Kansas nuclear plant

The motivation for the hacking efforts - be it espionage or terrorism - remains unclear, and the Times reported officials are still unsure whether hackers were ultimately able to penetrate facilities' operating systems. The fake résumés were Microsoft Word documents that were laced with malicious code. And in others, they deployed what are known as man-in-the-middle attacks in which they redirected their victims' internet traffic through their own machines.