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BT Group plc (NYSE:BT) Shares Bought by Advisor Group Inc. – TechNewsObserver

BT-A

Advisor Group Inc. raised its holdings in shares of BT Group plc (NYSE:BT) by 28.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,334 shares of the utilities provider’s stock after acquiring an additional 9,590 shares during the quarter. Shares of BT Group stock traded up $3.07 on Friday, hitting $10.57. The company has a market cap of $20.97 billion, a PE ratio of 8.32, a PEG ratio of 1.73 and a beta of 0.74.

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Contrasting Intercorp Financial (NYSE:IFS) and Royal Bank of Scotland Group (NYSE:RBS) – TechNewsObserver

RBS RBS

We will compare the two businesses based on the strength of their earnings, valuation, profitability, analyst recommendations, institutional ownership, risk and dividends. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term. Given Intercorp Financial’s stronger consensus rating and higher possible upside, analysts clearly believe Intercorp Financial is more favorable than Royal Bank of Scotland Group. Royal Bank of Scotland Group beats Intercorp Financial on 6 of the 10 factors compared between the two stocks.

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Delaware judge says Telsa board must face trial over Musk's mega-pay package

TSLA

Tesla estimated the 2018 compensation package was worth $2.6 billion when it received stockholder approval in March 2018, although stock analysts at the time said it could be worth up to $70 billion if the company - which has yet to post an annual profit - grew quickly. The compensation award includes no salary or cash bonus for the Silicon Valley billionaire Musk, but sets rewards based on Tesla's market value rising to as much as $650 billion over the next decade. On Friday, Vice Chancellor Joseph Slights of the Delaware Court of Chancery ruled against Tesla's request to dismiss the lawsuit by shareholder Richard Tornetta at an initial phase in the litigation because of the way the board approved the package. As a result, the board must now defend against allegations that it breached its fiduciary duty in approving the package, and that the package unfairly enriches Tesla's CEO. Musk does not hold a majority of the Tesla's stock, but in a separate case, Slights determined that Musk's sway over Tesla made him in effect a controller from a legal standpoint. As a controller, the board is subject to a higher standard of legal oversight for decisions it makes regarding its relationship with Musk.

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U.S. trade regulators approve some Apple tariff exemption requests

AAPL

U.S. trade regulators approve some Apple tariff exemption requests. Reuters20 September 2019, 10:14 PM UTC. (Reuters) - U.S. trade regulators on Friday approved 10 out of 15 requests for tariff exemptions filed by Apple Inc <AAPL.O>. Apple did not say why it requested the exemptions, but the requests were for components such as partially completed circuit boards. Apple manufactures its Mac Pro computers in Texas and such intermediate parts were subject to tariffs. Apple did not immediately return a request for comment. What to read next.

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In tech 'awakening,' U.S. workers at Google, Amazon join climate protests

AMZN GOOGL +1 more AMZN GOOGL GOOG

SAN FRANCISCO, Sept 20 (Reuters) - Hundreds of workers from Google, Amazon and other technology companies on Friday joined climate-change marches in San Francisco and Seattle, saying their employers had been too slow to tackle global warming and needed to take more drastic action. While students set the global agenda and led local marches, U.S. West Coast tech workers said they turned out in support and called on makers of software and hardware as well as providers of services such as cloud data storage to do more. The marches cap a week in which Alphabet Inc's Google said it had increased its wind and solar energy deals by more than 40%, and Amazon.com Inc pledged to use only renewable energy by 2030. Tech workers by late morning joined youth-led marches, which filled a dozen blocks of San Francisco's Market Street. The companies have signaled sympathy with workers on addressing climate change. But Amazon Chief Executive Jeff Bezos on Thursday said it would be a bad idea to leave the cloud company's oil and gas customers with outdated tools as they are trying to evolve their businesses.

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Royal Bank of Canada Reaffirms “Sector Performer” Rating for Close Brothers Group (LON:CBG) – TechNewsObserver

LLOY CBG

Royal Bank of Canada reiterated their sector performer rating on shares of Close Brothers Group (LON:CBG) in a report published on Thursday, August 29th, Digital Look reports. JPMorgan Chase & Co. cut their target price on Close Brothers Group from GBX 1,700 ($22.21) to GBX 1,650 ($21.56) and set an overweight rating on the stock in a research note on Thursday, July 25th. The stock has a fifty day moving average price of GBX 1,309.98 and a 200-day moving average price of GBX 1,431.20. Close Brothers Group has a 12-month low of GBX 1,209 ($15.80) and a 12-month high of GBX 1,682 ($21.98).

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Royal Bank of Canada Reaffirms “Outperform” Rating for Lloyds Banking Group (LON:LLOY) – TechNewsObserver

LLOY

Royal Bank of Canada’s price target points to a potential upside of 26.10% from the stock’s current price. Finally, UBS Group restated a “buy” rating and set a GBX 70 ($0.91) price target (down previously from GBX 75 ($0.98)) on shares of Lloyds Banking Group in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Lloyds Banking Group has a 12 month low of GBX 48.16 ($0.63) and a 12 month high of GBX 66.79 ($0.87).

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Facebook suspends tens of thousands of apps in response to Cambridge Analytica row

FB

Facebook suspends tens of thousands of apps in response to Cambridge Analytica row. (Reuters) - Facebook Inc said on Friday it has suspended tens of thousands of apps on the social networking platform, as part of the company's ongoing app developer investigation it began in March 2018 in response to the Cambridge Analytica row. The suspended apps are associated with about 400 developers, Facebook said, adding that it is not necessarily an indication that these apps were posing a threat to users. The FTC privacy probe was triggered last year by allegations that Facebook violated a 2012 consent decree and inappropriately shared information of 87 million users with British political consulting firm Cambridge Analytica.

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UPDATE 1-U.S. dollar to be main currency underpinning Facebook's Libra - Spiegel

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UPDATE 1-U.S. dollar to be main currency underpinning Facebook's Libra - Spiegel. BERLIN, Sept 20 (Reuters) - The U.S. dollar will make up 50% of the basket of currencies backing Facebook's planned digital coin Libra, with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook. In a letter responding to a question from German legislator Fabio De Masi, Facebook said the dollar would make up 50% of the basket, followed by the euro with 18%, the yen with 14%, the British pound with 11% and the Singapore dollar with 7%, according to German news magazine Der Spiegel. The Swiss-based Libra Association, the non-profit organisation comprising Facebook and 27 other members that plans to launch and oversee the currency, declined to comment on the specific breakdown of the "Libra Reserve". But it said the reserve was expected to be a pool of cash and very short-term government securities denominated in U.S. dollars, euros, yen, sterling and Singapore dollars.

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BT Group plc (NYSE:BT) Shares Acquired by LPL Financial LLC – TechNewsObserver

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LPL Financial LLC grew its stake in BT Group plc (NYSE:BT) by 388.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. Want to see what other hedge funds are holding BT?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BT Group plc (NYSE:BT).

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