Business


CBA shares slump despite $2.4bn Q3 profit

The government is also toughening its stance towards the sector in other ways, including imposing a minimum fine of A$200 million for misconduct by large banks and setting up a permanent team of finance-focused competition regulators. Everyday customer deposits are not included in the liabilities, and the levy will not apply to superannuation funds or insurers. Extra scrutiny could make it harder for banks to pass extra costs onto customers, as they have done recently.


Exxon Mobil Corporation (NYSE:XOM) Reviewed By Analysts

Exxon Mobil Corporation (NYSE:XOM) Reviewed By Analysts

Exxon Mobil Corporation was covered by a number of analysts recently, 1 rated the stock as Buy, 15 rated Hold, 2 rated sell and 4 gave an Underperform. The company has grown 1.01% in past 3 months and in the last five trades has moved up 5.63%. Harwood Advisory Group LLC raised its position in Exxon Mobil by 12.0% in the third quarter.



Zacks Investment Research Downgrades Hospitality Properties Trust (HPT) to Sell

In the trailing 12 months period, return on assets ratio of the Company was 3.10% and return on equity ratio was 7.50% while its return on investment ratio was 6.40%. The ex-dividend date is Wednesday, April 19th. If a company has a PEG Ratio over one, it may represent that the company is overvalued. Several large investors have recently made changes to their positions in the stock.


Losses at JC Penney double, sales slide, as do shares

Losses at JC Penney double, sales slide, as do shares

C. Penney Company, Inc. J. C. Penney Company, Inc is a holding company. Comparable store sales were (3.5) % for the quarter. Image source: J.C. Penney. As previously announced earlier this week, the Company launched cash tender offers to purchase up to $300 million aggregate principal amount on portions of its 2018 and 2019 outstanding bonds.



Snap Plunges on First Earnings Report as Public Company

Facebook isn't the only competitor for Snapchat; social media is a fast-moving, tough space to play in. Shares plummeted more than 19 percent in after-hours trading. It has also aggressively updated its app. The earnings report was announced the day after several new features were added to the Snapchat app. Those additions come as Snapchat tries to stay a step ahead of Facebook, Twitter and other social networks that have looked to Snapchat for clues on how to draw a younger audience - the ...


Thailand gives Facebook until Tuesday to remove 'illegal' content

Thailand gives Facebook until Tuesday to remove 'illegal' content

The social media giant has been given until next Tuesday to remove more than 130 items from pages viewable in Thailand . Facebook has agreed to consider the requests from the authorities and comply if it breaks Thai laws. Since 2004, when Thailand's military government seized power, there have been tremendous efforts to suppress any criticism of the monarchy. Facebook is perhaps Thailand's most popular social networking platform - a Thai artist engraved its logo onto a statue ...