Business


IS use eBay, PayPal to channel money to US

The Wall Street Journal reported Friday, citing a Federal Bureau of Investigation affidavit that one of the suspected recipients of the IS funds was a USA citizen by the name of Mohamed Elshinawy. The paper points out that the case suggests how the Islamic State is trying to exploit holes in the vast online financial world to finance terror outside its borders.



Sells 15667 Shares of Cenovus Energy Inc (NYSE:CVE)

Cenovus Energy Inc (NYSE:CVE) has grabbed attention from the analysts, when it saw a value decrease of -2.68% or -0.22 points in the last trading session to close at $7.98. (The) reaffirmed a "neutral" rating and set a $8.00 target price on shares of Cenovus Energy in a research report on Thursday, June 22nd. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.40 billion.


Economic Survey says meeting economic growth target of 6.75-7.5% hard

Economic Survey says meeting economic growth target of 6.75-7.5% hard

As per the Economic Survey Part-2 (the first one was tabled in the Parliament in February), several factors including the appreciation of rupee and farm loan waivers besides transitionary challenges emerging from the Goods and Services Tax (GST) implementation are now weighing on the economy.


USA wholesale prices edged down 0.1 per cent in July

USA wholesale prices edged down 0.1 per cent in July

The U.S. consumer price index edged up just 0.1 percent last month after being unchanged in June. Fed Chair Janet Yellen told lawmakers last month that "some special factors", including prices for mobile phone plans and prescription drugs were partly responsible for the low inflation readings.


JC Penney Shares Are Getting Run Over

JC Penney Shares Are Getting Run Over

Moreover, the company whose top line has missed the estimate in the trailing five quarters announced that it expects to post substantial improvement in sales in the second quarter in comparison with the first quarter. Zacks Investment Research upgraded shares of J.C. Penney Company, Inc. Penney J C Inc now has $1.46 billion valuation. They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin.


Tata Motors and Skoda cease discussions on potential partnership

Tata Motors and Skoda cease discussions on potential partnership

VW commissioned Skoda to lead the talks and explore a possible entry-level auto platform using Tata's AMP vehicle platform. "In doing so, both companies have concluded that at present, neither the technical nor the economic synergies are achievable to the extent desired by both parties".