Finance


Trump on Obamacare Repeal Effort: 'That's the End of That' Trump on Obamacare Repeal Effort: 'That's the End of That'
- September 26, 2017

Lindsey Graham, R-S.C., Bill Cassidy, R-La., Dean Heller, R-Nev., and Ron Johnson, R-Wisc. The Senate has until Friday to vote on the bill. That includes IN and Arkansas, as well as swing states like Florida, Pennsylvania, and OH, which proved critical to Trump's victory. (more...)
Gas Prices Decreasing After Hurricanes Harvey And Irma Gas Prices Decreasing After Hurricanes Harvey And Irma
- September 26, 2017

Houston-area fuel prices are down to $2.42 for a gallon of regular unleaded, which is a 3-cent dip in the last week, while the national average is down 5 cents to about $2.56. That's good news for travelers seeking to get in a road trip before winter. The least expensive gas price averages in Florida are in Pensacola ($2.60), Tallahassee ($2.60) and Tampa-St. (more...)
Sydney airport chaos as system outage grounds planes Sydney airport chaos as system outage grounds planes
- September 26, 2017

Air Services, an air traffic control provider, confirmed the technical issue and said it was affecting arrivals and departures at Sydney Airport. "Our technicians are now working to rectify the situation", ASA said. Grounded passengers took to social media during the incident to express their frustration with the lack of information provided about flights. "We are working to have all guests on their way as quickly and safely as possible", it said in a statement. (more...)
Russian Federation says Washington, North Korea should calm 'hot heads' Russian Federation says Washington, North Korea should calm 'hot heads'
- September 25, 2017

Wang said that the situation of North Korea is of utmost importance and is of common concern among the United Nations member countries. He even raised concern over the Palestinian issue and said that the latter deserve just treatment and illegal settlements must be stopped. (more...)
Uber Displeased: Petition to Save App in London Nears 1 Million Signatures Uber Displeased: Petition to Save App in London Nears 1 Million Signatures
- September 25, 2017

Possibly Transport for London and Sadiq Khan thought there was an easy propaganda hit to be had at the "gig economy" by removing Uber's licence . The decision in their favour was thought to open up the possibility of claims from all of its 40,000 drivers in the United Kingdom, who are now not entitled to holiday pay, pensions or other workers' rights. (more...)
Dollar bulls awaken as Yellen announces twin tightening
- September 23, 2017

The announcement marks a milestone in the long recovery from 2008. The news of the balance sheet wind back had been widely expected from the two day meeting, while the estimate of four more rate rises in the next 15 months was a bit of a surprise. (more...)
Tesla is designing its own computer chip for self-driving cars Tesla is designing its own computer chip for self-driving cars
- September 22, 2017

GlobalFoundries said in a statement that the company does not comment on customers or potential customers, and denied that Jha said the company was working directly with Tesla . Shares of the stock ended the day almost 5 per cent higher and continued to rise after hours. That doesn't totally preclude AMD , which declined to comment on the report . (more...)
No Dice: Ryanair staff overwhelmingly reject the company's €12000 bonus payment deal No Dice: Ryanair staff overwhelmingly reject the company's €12000 bonus payment deal
- September 22, 2017

Chief executive Michael O'Leary will tell pilots who plan to take four weeks of consecutive holiday in the coming months will be told to reduce it to three weeks, with the lost leave to be taken in January. Italian Transport Minister Graziano Delrio said this week customers' rights had to be protected, adding: "We can not make allowances for anyone who creates so much inconvenience". (more...)
Carney Sees Brexit Pushing up Inflation Carney Sees Brexit Pushing up Inflation
- September 21, 2017

Some analysts predicted that there could be a United Kingdom interest rate hike as soon as November, with another following in the first half of 2018. We also believe that the case for further BoE action after any initial hike will be limited by persistent slow United Kingdom growth, a steady easing back in consumer price inflation after a probable peak just above 3% in late-2017 (as the impact of sterling's past sharp drop fades) and Brexit uncertainties. (more...)
Ryanair, Norwegian Air end talks on flight connections Ryanair, Norwegian Air end talks on flight connections
- September 19, 2017

Ryanair (FR, Dublin Int'l ) will cancel nearly 2,000 flights through the end of the current summer season as part of what it says, is an effort to improve its record of on-time flights . "Previously, the carrier was happy to suggest that you get what you pay for and despite negative press lots of flyers embraced the fact that they knew the score and were happy to fly without the frills". (more...)
Budget airline cancels dozens of flights a day Budget airline cancels dozens of flights a day
- September 18, 2017

And the Commission for Aviation Regulation says it wants all passengers affected to be aware of their rights. If you know in advance that you haven't got the pilots, then maybe you shouldn't sell airline ticktets for flights that are never going to take off? Ryanair says it only affects two per cent of its schedule. (more...)
BTCChina Announces They Will Stop Trading by End of Month BTCChina Announces They Will Stop Trading by End of Month
- September 16, 2017

Shanghai-based business media Yicai is reporting that Shanghai's Municipal Financial Service Office has issued verbal warnings to Bitocin exchange startups that are being interpreted as guidance that they should stop trading. The price of bitcoin has fallen 38% since the beginning of this month as Chinese authorities are tightening their grip on cryptocurrencies . Before 20 September 6pm, exchanges shall come up with a detailed risk-free clearing plan, and send this plan to the office. (more...)
Oil jumps to five-month high on forecasts that glut will recede Oil jumps to five-month high on forecasts that glut will recede
- September 16, 2017

The report said its collective production was 32.76 million barrels a day last month, more than 79,000 barrels less than July. Oil topped US$50 (RM209) a barrel for the first time and closed at a six-week high amid heightened optimism that a demand resurgence is in the offing. (more...)
Direct Line Insurance Group Shares Recommendation Reiterated by Goldman Sachs Group, Direct Line Insurance Group Shares Recommendation Reiterated by Goldman Sachs Group,
- September 15, 2017

J.P. Morgan has "Overweight" rating and GBX 6100 target. Grafton Group plc engages in the merchanting, retailing, and mortar manufacturing businesses in Belgium, Ireland, the Netherlands, and the United Kingdom. Among 4 analysts covering Arbor Realty Trust ( NYSE:ABR ), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. Sometimes, investors will have a few missteps that generally include buying when the market is too high, selling when the market is low, or being on the ... (more...)
How Many Healthcare Realty Trust Inc (NYSE:HR)'s Analysts Are Bullish?
- September 13, 2017

Brokerage houses, on average, are recommending investors to hold Brandywine Realty Trust ( BDN)'s shares projecting a $18.28 target price. Therefore 47% are positive. Sfmg reported 73,960 shares. The average investment recommendation for VER, taken from a group of Wall Street Analysts, is 2.60, or a hold. Oregon Employees Retirement Fund stated it has 0.02% of its portfolio in Federal Realty Investment Trust (NYSE: FRT ). (more...)
Huge crane atop Downtown Miami high-rise collapses in Irma's winds Huge crane atop Downtown Miami high-rise collapses in Irma's winds
- September 12, 2017

As Miami was hammered by tropical storm force winds and the occasional hurricane force gust generated by Hurricane Irma , the booms of two tower cranes in the city came down Sunday . "We've got to follow our protocol", he said. "It will be done by wind-blown debris". Hurricane Irma made landfall in the Florida Keys on Sunday morning as a Category 4 storm. (more...)
Wall Street opens higher as Irma, North Korea fears ebb Wall Street opens higher as Irma, North Korea fears ebb
- September 12, 2017

Hurricane Irma lost some of its steam over the weekend and was downgraded to a Tropical Storm early Monday as it moved along the Florida coastline and into the southeastern U.S. Among them, Marinus Pharma (MRNS.O) surged about 56 percent and Idera Pharma (IDRA.O) gained about 16 percent. Wall Street opened higher, with the Dow climbing 0.8 percent in the first minute of trading. (more...)
Uber Is Phasing Out Fossil Fuel-Powered Cars In London Uber Is Phasing Out Fossil Fuel-Powered Cars In London
- September 10, 2017

In the longer term, the United States company said that by 2025 all of its cars in London must be fully electric or a plug-in hybrid, on which the battery typically lasts about 40 miles before switching to petrol. "Our scrappage scheme will also take polluting vehicles off the road and encourage Londoners to get into a shared auto to connect with public transport instead", said Jones. (more...)
UK Industrial Output Growth Slows In July UK Industrial Output Growth Slows In July
- September 10, 2017

The Office for National Statistics said that manufacturing rose 0.5 per cent in July, its first monthly growth this year, buoyed by increasing auto production with new models. United Kingdom manufacturing output is proving stronger than expected, official figures confirmed on Friday, as export and import prices for goods fell as the pound strengthened slightly. (more...)
Pakistan's Habib Bank to pay $225m NY fine Pakistan's Habib Bank to pay $225m NY fine
- September 09, 2017

He advised Islamabad that "It's time for Pakistan to demonstrate its commitment to fight terror". Earlier, Habib Bank Ltd, facing a possible $ 630 million fine over compliance failures by its NY branch, admitted mistakes but denied any wrongdoing and said the penalty sought by USA regulators was disproportionate. (more...)
Flipkart announces annual 'Big Billion Days' sale on Sept 20-24 Flipkart announces annual 'Big Billion Days' sale on Sept 20-24
- September 09, 2017

This will be the fourth edition of the Big Billion Day, and will be held from September 20 to 24, just ahead of Dussehra. Ravichandran said the company was planning to have a few more sale events before Diwali , which falls mid next month. (more...)
No-fly list comes into force; unruly passengers can face lifetime ban No-fly list comes into force; unruly passengers can face lifetime ban
- September 09, 2017

The Directorate General of Civil Aviation ( DGCA ) has revised the relevant sections of the Civil Aviation Requirement - CAR Section 3, Series M, Part Vl on Handling of Unruly Passengers - to bring in a deterrent for passengers who engage in unruly behaviour on board aircraft, the government said in a statement. (more...)
Had to come back to India to exchange scrapped notes: Rajan Had to come back to India to exchange scrapped notes: Rajan
- September 09, 2017

Asia's third-largest economy aims to trim its fiscal deficit to 3.2 percent of GDP in 2017/18, down from 3.5 percent the year before. Demonetisation has come at a huge cost for the Indian economy, former Reserve Bank of India (RBI) governor Raghuram Rajan has said. (more...)
Coca-Cola Company (The) (KO) Shares Bought by Osborne Partners Capital Management LLC Coca-Cola Company (The) (KO) Shares Bought by Osborne Partners Capital Management LLC
- September 07, 2017

The P/E Ratio measures its current share price relative to its per-share earnings. This content is syndicated and distributed across its clients' marketing channels. The stock has "Market Perform" rating by BMO Capital Markets on Monday, July 31. The stock of The Coca-Cola Co (NYSE:KO) earned "Hold" rating by Deutsche Bank on Tuesday, December 13. (more...)
GOP clashing over Harvey relief, debt limit GOP clashing over Harvey relief, debt limit
- September 07, 2017

Sen. Roy Blunt (R-Mo.) said Sunday on NBC News' " Meet the Press " that "in the intel committee that I serve on, I think it doesn't disclose anything to say that in the past year [North Korea] has probably been the No. "The president and I believe that it should be tied to the Harvey funding". "Providing aid in the wake of Harvey and raising the debt ceiling are both important issues, and Democrats want to work to do both", they said. (more...)
Adirondack Research & Management Increased Pan American Silver (PAAS) Holding; Highfields Capital Management
- September 05, 2017

Hap Trading Llc decreased Anadarko Pete Corp ( APC ) stake by 46.97% reported in 2016Q4 SEC filing. Whiting Pete Corp New now has $1.66B valuation. The Carmignac Gestion holds 50,000 shares with $3.49M value, down from 13.94M last quarter. WALKER R A bought 19,300 shares worth $1.00M. Shares for $1.04M were bought by FLUOR PETER J . Among 33 analysts covering Whiting Petroleum Corporation ( NYSE:WLL ), 8 have Buy rating, 6 Sell and 19 Hold. (more...)
U.S. job growth slows in August U.S. job growth slows in August
- September 03, 2017

The total nonfarm payroll employment increased by 156,000 in August, below market expectations of 180,000, and the unemployment rate ticked up 0.1 percent to 4.4 percent, the Labor Department said. The Federal Open Market Committee (FOMC) will hold its next policy meeting on September 19-20. The dollar index was set to gain just 0.1 percent for the week after posting its biggest percentage decline in more than a month, of 0.7 percent, last week. (more...)
Brokerages Set Intertek Group plc (ITRK) Target Price at $4098.60
- September 03, 2017

Another recent and important Staffline Group Plc (LON:STAF) news was published by Fool.Co.Uk which published an article titled: "Will Tesco plc, Staffline Group plc and Connect Group plc's UK focus prove to ..." on July 05, 2016. Canaccord Genuity maintained UBM Plc (LON:UBM) rating on Friday, July 31. The rating was maintained by Maxim Group on Monday, December 19 with "Buy". (more...)
Wall Street opens higher as data lowers rate hike view Wall Street opens higher as data lowers rate hike view
- September 02, 2017

This was a technical level that acted as resistance in the past week. Health care and technology companies lead the way and the Nasdaq composite closed at a record high. Baird's Antonelli. The core personal consumption expenditures (PCE) price index - the Fed's preferred inflation measure - increased 1.4 per cent in the 12 months through July, its smallest year-on-year increase since December 2015. (more...)
Dollar General Corporation Target of Unusually High Options Trading (DG) Dollar General Corporation Target of Unusually High Options Trading (DG)
- September 01, 2017

Seven analysts surveyed by Zacks expected $5.82 billion. Dollar General Corporation's quarterly revenue was up 8.1% compared to the same quarter previous year. A number of key analysts, polled by FactSet, shared their views about the current stock momentum. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. (more...)
AG To Gas Stations: Don't Even Think About Price Gouging AG To Gas Stations: Don't Even Think About Price Gouging
- September 01, 2017

Businesses found guilty of price gouging can face fines of $20,000, according to Gritpost . Legal penalties run to as much as $20,000 per occurrence, or up to $250,000 if the victim is 65 or older. But what's the difference between supply-and-demand pricing, and price gouging? Houston resident John McGovern told Grit Post that a Best Buy on Highway 290 in Cypress was selling packs of bottled water for $42.96 each. (more...)
Mortgage rates continue their month-long slide Mortgage rates continue their month-long slide
- September 01, 2017

Mortgage buyer Freddie Mac said today the rate on 30-year, fixed-rate mortgages fell to 3.82 percent from 3.86 percent last week. ARM interest rates in the 10 year category have been published at 3.000% today and the April is 3.709%. Even with these predictions of a continuation of low rates, economists expect the Fed will raise rates by another quarter-point before the end of the year. (more...)
Cisco Systems, Inc. (NASDAQ:CSCO) 52 Week High stands at 34
- August 31, 2017

Over the past five trading sessions shares of Cisco Systems, Inc. It has underperformed by 49.72% the S&P500. CHANDLER MARK D also sold $544,640 worth of Cisco Systems, Inc. John T. Chambers, Executive Chairman disclosed the sale of 250,000 shares of CSCO stock. Payden & Rygel holds 2.38% or 855,000 shares. 11,340 are owned by Artemis Investment Ltd Liability Partnership. (more...)
Google Assistant is making its way to third-party speakers and appliances Google Assistant is making its way to third-party speakers and appliances
- August 31, 2017

The TicHome Mini is a portable connected speaker with full Google Assistant support, the ability to play music over WiFi or Bluetooth, and has IPX6 certification so it is splashproof. Many people who use Google Assistant regularly probably already have a Google Home , but offering options for newcomers to the ecosystem certainly isn't a bad thing. (more...)
Novartis Gets FDA Nod For Leukemia Gene Cell Therapy Novartis Gets FDA Nod For Leukemia Gene Cell Therapy
- August 31, 2017

The T-cells are collected then sent to a manufacturing center where they are genetically modified before being infused back into the patient. "In clinical trials in patients treated with CAR-T cells", the FDA reported, "69% of patients had complete resolution of CRS within two weeks following one or two doses of Actemra". (more...)
Jeff Immelt of General Electric quits race to be Uber boss Jeff Immelt of General Electric quits race to be Uber boss
- August 30, 2017

Uber has been run by a committee of 14 senior executives since Mr Kalanick's departure in June. Other Uber investors have lashed out at Benchmark and tried to get the firm to forfeit its board seat. Sources close to Meg Whitman said she has not been informed of any choice nor had the board agreed to some the the things she was asking for to take the job. (more...)
US Dollar Index and Treasury Yields Fall Early on August 29 US Dollar Index and Treasury Yields Fall Early on August 29
- August 30, 2017

U.S. stocks closed mixed on Friday after President Donald Trump's chief economic adviser Gary Cohn said the Trump administration's agenda and calendar will revolve around tax reform starting next week. European share markets closed lower, with the pan-regional FTSEurofirst 300 index slipping 0.05 per cent, even as an index of emerging market stocks rose. (more...)
Deutsche Bank AG Trims Hunting plc (HTG) Target Price to GBX 530 Deutsche Bank AG Trims Hunting plc (HTG) Target Price to GBX 530
- August 30, 2017

DAL's profit will be $1.32 billion for 6.48 P/E if the $1.79 EPS becomes a reality. It has a 16.05 P/E ratio. The Company's products include Ultibro Breezhaler (European Union (EU) and Rest of World (RoW)) - LABA-LAMA; Seebri Breezhaler (EU and RoW) - LAMA; AirFluSal Forspiro (EU and RoW) - ICS-LABA; ADVATE (Global) - Antihaemophilic Factor (Recombinant); Adept (Global) - Icodextrin; Anoro Ellipta (Global) - LAMA-LABA; Relvar Ellipta/Breo Ellipta (Global) - ICS-LABA, and Incruse Ellipta ... (more...)
Gilead Sciences acquires Kite Pharma for $11.9-bn in cash Gilead Sciences acquires Kite Pharma for $11.9-bn in cash
- August 30, 2017

Investors should be cautious of taking positions as this might indicate the stock is due to reverse course. United Kingdom-based Legal And General Grp Public Ltd Com has invested 0% in Kite Pharma Inc (NASDAQ: KITE ). Goldman Sachs remains icy toward Tesla stock . As per Friday, April 7, the company rating was maintained by Cowen & Co. (NASDAQ: KITE ) from a buy rating to a hold rating in a report released on Monday morning. (more...)
Runways Flooded At Houston Hobby Airport, Flights Canceled Runways Flooded At Houston Hobby Airport, Flights Canceled
- August 28, 2017

As tropical storm Harvey continues to pound parts of Texas , almost 3,000 flights have been canceled across the nation. Most have issued change-fee waivers for travelers who cancel their flights in anticipation of the storm. The airport system's website says Bush Intercontinental Airport is 23 miles north of downtown Houston and provides service via 29 passenger airlines. (more...)
UK GDP growth for Q2 remains at 0.3% in second estimate UK GDP growth for Q2 remains at 0.3% in second estimate
- August 27, 2017

However, Hawksworth said he doesn't think this slowdown will turn into a recession, given that "employment growth remains reasonably strong and government spending is now cushioning some of the blow to business confidence from Brexit". The increased VED on high-polluting vehicles (which came into force in April 2017) led to consumers bringing forward planned new auto purchases into Quarter 1 leading to a subsequent fall-off in purchases in the latest quarter. (more...)
Qatar Restores Iran Ties Qatar Restores Iran Ties
- August 27, 2017

A short Foreign Ministry statement issued early Thursday reversed course, saying Qatar's ambassador soon would return to Iran. Iranian Foreign Minister Mohammad Javad Zarif told local media the visits would take place after this year's hajj pilgrimage to Mecca in Saudi Arabia , which is due to start at the beginning of September. (more...)
Samsung heir jailed for five years on corruption charge Samsung heir jailed for five years on corruption charge
- August 26, 2017

Prosecutors sought a 12-year jail sentence for Lee, who had not denied all charges. Samsung has not denied transferring corporate funds, but Lee, vice chairman at Samsung Electronics and the Samsung founder's grandson, claimed innocence during the court hearing. (more...)
Economic adviser knocks Trump's response to Charlottesville Economic adviser knocks Trump's response to Charlottesville
- August 26, 2017

The president, claiming in his initial statement on Saturday that violence existed on "both sides", faced criticism for not immediately and directly denouncing the hate groups by name. Gary Cohn , the president's top economic adviser, was so upset by Trump's response to violent clashes involving white nationalists in Charlottesville that he drafted a letter of resignation, a source with direct knowledge of the matter confirmed to ABC News. (more...)
Foods That Will Be Cheaper At Whole Foods Starting On Monday Foods That Will Be Cheaper At Whole Foods Starting On Monday
- August 26, 2017

Amazon's new physical bookstores have Prime tightly integrated into store transactions and they have a distinct pricing structure for Prime customers, she notes. Whole Foods has more than 460 shops with the bulk of stores in the U.S. and Canada and seven in the UK. Critics warned that the marrying of the two companies eventually would lead to higher grocery prices and fewer consumer choices as Amazon squeezes out other grocery chains. (more...)
DOE Study Concludes Coal, Gas and Nuclear Critical to Grid Resiliency DOE Study Concludes Coal, Gas and Nuclear Critical to Grid Resiliency
- August 26, 2017

They also include misguided proposals to gut environmental rules for coal and nuclear plants and to pay fossil resources for reliability services that DOE hasn't demonstrated are necessary. The report argues that even natural gas-fired generators, which rely on pipelines to receive fuel, may be less resilient. The American Petroleum Institute noted that natural gas is now the source of more electricity in the US than any other fuel and has cut consumers' energy costs "without government ... (more...)
Amazon plans on lower prices at Whole Foods Amazon plans on lower prices at Whole Foods
- August 25, 2017

Amazon didn't disclose how long that would take, but said it would first need to integrate Amazon Prime into the Whole Foods point-of-sale system. Amazon Prime will become the chain's customer rewards program, and Whole Foods products will be available through existing Amazon delivery services like AmazonFresh and Prime Pantry . (more...)
US Dollar Higher Ahead Of Jackson Hole Symposium
- August 23, 2017

It originated as a deeply technical event, rather than a forum for central bankers to share their thoughts on the state of the economy with the world's investors and media, although it has evolved into that. Gold will be an interesting asset class in the weeks ahead - the Dubai Gold and Commodities Exchange (DGCX) gold contract was trading 1.5 per cent higher in August and supported by the risk off mood driving markets in the past two weeks. (more...)
Sir Bruce Forsyth dies Sir Bruce Forsyth dies
- August 22, 2017

Lord Sugar said: "Sad news about Sir Bruce Forsyth what legend of entertainment". I used to go to a zumba class to keep fit; now I do it at home in front of him. The show had come from Broadway, and Bruce played her various male patrons. Sir Bruce proved his own credentials on many occasions during his time on Strictly Come Dancing . (more...)
Military Action on Korean Peninsula Impossible Without S. Korea Consent
- August 20, 2017

Emphasizing Seoul is the one that is most directly affected by North Korea's nuclear and missile issues, President Moon sternly said any sort of military action requires South Korea's consent, and underscored that another war on the peninsula is absolutely out of the question. (more...)

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