Business


Momentum Stock: JC Penney Company Inc (JCP)

Piper Jaffray Companies set a $4.00 price objective on shares of J.C. Penney Company, Inc. BMO Capital Markets lowered the price target of the stock on October 30 changing the forecast from $4.00 to $2.75 and stated a "Market Perform" rating .


AWS Sells Chinese Cloud Assets Amid Tightening Regulations

AWS Sells Chinese Cloud Assets Amid Tightening Regulations

Amazon has made it clear that it is selling only "certain physical assets", and retains the ownership of intellectual property for AWS (Amazon Web Services) worldwide. Beijing Sinnet Technology, Amazon's partner in China, told customers months ago to stop using illegal virtual private networks (VPNs), which can offer secure, private networks for users, but also circumvent internet censorship in the country.



Oil price edges lower on anticipated U.S. production rise

Oil prices settled mixed on Monday as geopolitical tension in Middle East offsets rising USA output. Meanwhile, OPEC once again prepares for its November 30 meeting in Vienna, where most expect it will announce another extension of its oil production cut agreement.


Free Ad-Supported Amazon Prime Video May Be Coming

Free Ad-Supported Amazon Prime Video May Be Coming

That would make its offering the Spotify of the video streaming industry, with both a premium and free offering. Unlike Prime Video which is funded by subscribers as part of Amazon's overall Prime package, this offering would be paid for by advertising dollars.


Home Depot Beats Estimates, Raises Guidance for Year

Home Depot Beats Estimates, Raises Guidance for Year

Osborne Prtn Management Limited Liability Co has invested 1.04% of its portfolio in Home Depot Inc (NYSE:HD). (The) by 0.9% during the second quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Shares for $4.57M were sold by Roseborough Teresa Wynn.



Tesco-Booker deal provisionally cleared

In particular, Tesco does not supply the catering sector to which Booker makes more than 30% of its sales. It comes despite the CMA having earlier raised fears over 350 local areas of overlap between Tesco and Booker where it feared the deal could lead to "worse terms".