Markets


Brazil police soften tone on meat probe amid criticism Brazil police soften tone on meat probe amid criticism
- March 29, 2017

With China and Hong Kong banning beef and chicken and the European Union banning only products from the 21 meatpacking plants under investigation it remains unclear what will happen to meat already being shipped. Hong Kong imported $718 million worth of beef in 2016, according to Brazilian government figures. The meatpacker said its Brazilian plants would resume production next week at about two thirds of capacity, adding that the company is focused on maintaining employment of its 125,000 ... (more...)
European Union member states to 'act together, at different paces', leaders agree
- March 29, 2017

Text of the Rome Declaration says countries will move in the same direction but 'at different paces and intensity'. Poland together with the rest of the Eastern nations, is anxious over the idea supported by Germany, Italy, France and Spain of being an Europe at different speeds, considering this would promote more fragmentation and stratification, in a structure dominated by a reduced group of countries. (more...)
Toshiba approves Chapter 11 filing for nuclear unit Westinghouse
- March 29, 2017

Toshiba has previously warned it was facing a writedown topping 700 billion yen ($6.3 billion) at Westinghouse. With the financial meltdown of Westinghouse, Toshiba also recently announced its plans to withdraw from foreign construction projects - a move that has far-reaching implications outside Japan and the United States, such as the construction of three reactors in the UK at Moorside. (more...)
McCormick & Company, Incorporated (MKC) Releases Earnings Results, Beats Estimates By $0.02 EPS McCormick & Company, Incorporated (MKC) Releases Earnings Results, Beats Estimates By $0.02 EPS
- March 29, 2017

Revenues rose 1.3% from past year to $1.04 billion, just falling short of analysts' view for $1.05 billion. The counter witnessed a trading volume of 1.53 million shares versus an average volume of 0.75 million shares during last trading session. (more...)
Helical PLC (HLCL) Insider Buys £1352.16 in Stock
- March 29, 2017

It has outperformed by 24.46% the S&P500. When markets become very volatile, this may point to a change in investor sentiment. Its down 1.33, from 2.33 in 2016Q3. This would imply the analyst believes there is now a potential upside of 21 .4% from today's opening price of 4944 GBX. Johnson Matthey PLC had 128 analyst reports since July 23, 2015 according to SRatingsIntel. (more...)
Obama's contractor 'blacklisting rule' bites dust with stroke of Trump pen Obama's contractor 'blacklisting rule' bites dust with stroke of Trump pen
- March 29, 2017

President Barack Obama signed the order in 2014. The repeal of the rule is part of a broader assault on federal regulations carried out by Republicans with the support of the new White House. In a statement from the International Brotherhood of Teamsters, Teamsters General President Jim Hoffa said the resolution eliminates worker protections and was a "disappointing development". (more...)
Biffa PLC (BIFF) Earns "Overweight" Rating from JPMorgan Chase & Co
- March 29, 2017

The Company is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter (OTC) medicines and health-related consumer products. Oppenheimer maintained Kona Grill Inc (NASDAQ:KONA) on Tuesday, November 3 with "Outperform" rating. Cantor Fitzgerald maintained the stock with "Buy" rating in Monday, July 11 report. (more...)
Waze gets into the order-ahead business with Dunkin' Donuts
- March 29, 2017

Times. The division of Canton, Mass. -based Dunkin' Brands Group Inc. said customers can now submit orders in the Dunkin' Donuts mobile app through Waze and pick them up at the restaurant. Orders are placed by searching for Dunkin' Donuts locations in Waze and following the steps to customize an order. "Loyalty is the main focus for all that we do at Dunkin' Donuts". (more...)
Venezuela seeks to stymie OAS meeting, vows 'severe' response Venezuela seeks to stymie OAS meeting, vows 'severe' response
- March 29, 2017

While OAS Secretary General Luis Almagro has urged Venezuela be suspended for alleged repeated violations of the Inter-American Democratic Charter, many nations are urging dialogue to prod Maduro into freeing "political prisoners", recognize the legitimacy of the opposition-controlled legislature and holding regional elections that were originally slated for past year. (more...)
Snowboarding: Injured McMorris named in Canada Olympic team Snowboarding: Injured McMorris named in Canada Olympic team
- March 29, 2017

An accident on a jump "well within his skill level" in British Columbia's backcountry has left Canadian snowboarding star Mark McMorris with serious injuries. "It's really unfortunate what happened to Mark", Parrot told reporters during a Tuesday morning conference call. "What our doctor assured us is, given Mark's basic resilience and age and condition he's in, that could be faster than that", he said. (more...)
Here's why United says 3 girls wearing leggings were blocked from flights
- March 29, 2017

Two girls in the popular spandex trousers weren't permitted on the aircraft at all, according to Shannon Watts , the founder of a gun control group called Moms Demand Action. A spokesman for United Airlines , Jonathan Guerin , told NBC News that the women included two teens. Therefore, the specific dress code bars pass travelers from wearing Lycra and spandex leggings, tattered or rip jeans, flip-flops, and midriff shirts. (more...)
Keystone XL pipeline approved by Trump administration
- March 29, 2017

The U.S. State Department was expected to issue today the permit for the pipeline planned to transport a daily average of 800,000 barrels of heavy Canadian crude from Alberta to U.S refineries. "Keystone was stopped once before, and it will be stopped again", vowed Annie Leonard, the group's USA director. There has also been confusion in regard to how the pipeline would benefit the U.S. (more...)
Dems force delay on panel vote on Supreme Court pick Dems force delay on panel vote on Supreme Court pick
- March 29, 2017

Sen. Dick Durbin of IL, the No. 2 Senate Democrat, was joined Tuesday by more than half-a-dozen other senators who announced their intention to vote against Gorsuch. The committee would likely have voted on the Gorsuch nomination early this week if Democrats hadn't initiated the postponement . Sen. Dean Heller, R-Nev., praised Trump for nominating a conservative and a westerner to replace Justice Antonin Scalia, who died February 13, 2016 in Texas, creating the vacancy on the court. (more...)
Boston Celtics sit atop Eastern Conference after Cavaliers loss
- March 29, 2017

Maybe most surprising is that the Celtics' best odds are against the Hawks, a team that eliminated Boston from the opening round of the playoffs last season in six games. In the past five games, where the Cavs are 2-3, the Cavs have given up 118.6 points per game. There's a canyon between what Cleveland has accomplished and what the Celtics have done with their current core. (more...)
Oil slides after U.S. inventories rise faster than expected Oil slides after U.S. inventories rise faster than expected
- March 29, 2017

The market may come under further pressure as USA rig counts continue to rise, indicating production growth is outpacing demand, he said. Sources within the Organization of the Petroleum Exporting Countries have indicated that its members increasingly favor extended production cuts but want the backing of non-OPEC oil producers, such as Russian Federation, which have yet to deliver fully on existing reductions. (more...)
United States stocks post weekly gains amid Fed's interest rate hike, positive data United States stocks post weekly gains amid Fed's interest rate hike, positive data
- March 29, 2017

He noted that the stock market was already up in anticipation of the expected hike, which shows the Fed's rate increase strategy is getting its message across to investors. Medium-term projections forecast a total of three rate rises this year, although there had been predictions from bullish analysts that the Fed would be more aggressive in its programme of increases and schedule a fourth during 2017. (more...)
United States army to take delivery of United States army to take delivery of "world record" laser weapon
- March 29, 2017

Lockheed Martin says it intends to develop a family of laser weapon systems capable of various power levels tailored to address missions across sea, air and ground platforms. Robert Afzal, a senior fellow for Lockheed's laser and sensor systems business, the fiber laser is created to be fielded on the service branch's tactical vehicles for use in defensive aerial, maritime and ground applications. (more...)
CBN boosts forex sale as Naira appreciates CBN boosts forex sale as Naira appreciates
- March 29, 2017

The naira is expected to gain more grounds against the dollar for in the foreign exchange market for the days to come. The agency also indicated that despite the efforts of CBN, the banking industry would continue to be under pressure in 2017. (more...)
Chinese Firm To Build Cars For Metro Subway, Rail Lines Chinese Firm To Build Cars For Metro Subway, Rail Lines
- March 29, 2017

The first prototype vehicle will arrive in Los Angeles in the second quarter of 2020 and the base order of 64 vehicles will be delivered by September 2021. The multilevel coaches will meet "Buy America" requirements, with 60 percent or more of the parts, labor and fabrication done in the US. CRRC MA came in with a low bid of $137.5 million, easily besting competitors Bombardier of Canada, which bid $171.5 million and the $187.8 million bid by Hyundai Rotem of South Korea. (more...)
Sonia, Rahul return from US Sonia, Rahul return from US
- March 29, 2017

Sonia Gandhi had left earlier this month for the check-up. Allowing the Congress party's plea for extending the deadline for completion of internal polls, the Election Commission (EC) has given it time till 31 December. Talking about Congress vice-president Rahul Gandhi, Rajasekharan said that he needs experience for storming to power. I think you should be fair enough to give us all a chance to breathe. (more...)