Markets
Scottish leader to UK premier: Don't block independence vote
- March 30, 2017
But the result was overshadowed by the bombshell announcement earlier in the day by Scottish First Minister Nicola Sturgeon that she meant to hold a second independence referendum just as those talks were coming to a head. Sturgeon has been seeking a deal that would allow Scotland to stay in the European single market and customs union. On Monday night, the Lords finally backed down in their battle with ministers over their attempts to change the legislation after the Commons overturned ... (more...)
- March 30, 2017
But the result was overshadowed by the bombshell announcement earlier in the day by Scottish First Minister Nicola Sturgeon that she meant to hold a second independence referendum just as those talks were coming to a head. Sturgeon has been seeking a deal that would allow Scotland to stay in the European single market and customs union. On Monday night, the Lords finally backed down in their battle with ministers over their attempts to change the legislation after the Commons overturned ... (more...)
Chinese premier warns Australia against protectionism
- March 30, 2017
The two leaders also signed a deal to further boost trade, including an agreement to boost chilled beef exports, building on the China-Australia free trade agreement that has been in force since December 2015. Both leaders agreed to strengthen people-to-people exchanges. In a signed article published on Wednesday by The Australian, a local leading newspaper, the Chinese premier called on the two countries to continue to work together and jointly help counter global instability through ... (more...)
- March 30, 2017
The two leaders also signed a deal to further boost trade, including an agreement to boost chilled beef exports, building on the China-Australia free trade agreement that has been in force since December 2015. Both leaders agreed to strengthen people-to-people exchanges. In a signed article published on Wednesday by The Australian, a local leading newspaper, the Chinese premier called on the two countries to continue to work together and jointly help counter global instability through ... (more...)
Michigan Courts Reach Agreement To Replace 18000 Pipes In Flint By 2020
- March 30, 2017
The settlement also requires the state to continue bottled water deliveries to water distribution centers and residents who can't leave their homes until early September. Plaintiffs in the case Concerned Pastors for Social Action v. Khouri are Concerned Pastors for Social Action, Flint resident Melissa Mays, the Natural Resources Defense Council, and the ACLU of MI. (more...)
- March 30, 2017
The settlement also requires the state to continue bottled water deliveries to water distribution centers and residents who can't leave their homes until early September. Plaintiffs in the case Concerned Pastors for Social Action v. Khouri are Concerned Pastors for Social Action, Flint resident Melissa Mays, the Natural Resources Defense Council, and the ACLU of MI. (more...)
Oil prices fall on bloated United States crude storage
- March 30, 2017
Oil futures have retreated in the past two weeks as a supply overhang driven by rising production from the United States overshadows a deal by the Organization of the Petroleum Exporting Countries (Opec) and other producers to rein in crude output. (more...)
- March 30, 2017
Oil futures have retreated in the past two weeks as a supply overhang driven by rising production from the United States overshadows a deal by the Organization of the Petroleum Exporting Countries (Opec) and other producers to rein in crude output. (more...)
Judge Okays $97 Million Settlement to Replace Flint's Water Lines
- March 30, 2017
Also, it must set aside a further $10 million in federal funds for potential cost overruns. Replace lead pipes in 18,000 Flint households by 2020. Plaintiffs in the case Concerned Pastors for Social Action v. After years of fighting for the right to clean water, Flint residents finally have some good news. Does this settlement agreement resolve every problem Flint faces as the result of the water crisis? No. (more...)
- March 30, 2017
Also, it must set aside a further $10 million in federal funds for potential cost overruns. Replace lead pipes in 18,000 Flint households by 2020. Plaintiffs in the case Concerned Pastors for Social Action v. After years of fighting for the right to clean water, Flint residents finally have some good news. Does this settlement agreement resolve every problem Flint faces as the result of the water crisis? No. (more...)
BIOTECanada: Federal Budget Strengthens Biotechnology Industry Ecosystem Building Canadian Economy
- March 30, 2017
Canadian Prime Minister Justin Trudeau's Liberal government put the brakes on its spending spree in the latest budget released yesterday, as U.S. policies and European Union elections cast a haze over the global economic outlook. The affordable housing initiative will be the backbone of the government's long-awaited national housing strategy to alleviate poverty. The budget also dedicates $7-billion over ten years for subsidized daycare spaces and extended parental leave. (more...)
- March 30, 2017
Canadian Prime Minister Justin Trudeau's Liberal government put the brakes on its spending spree in the latest budget released yesterday, as U.S. policies and European Union elections cast a haze over the global economic outlook. The affordable housing initiative will be the backbone of the government's long-awaited national housing strategy to alleviate poverty. The budget also dedicates $7-billion over ten years for subsidized daycare spaces and extended parental leave. (more...)
US wants Britain to remain 'strong leader' in Europe
- March 30, 2017
Some time after 12.30pm, the premier will inform MPs that Brexit is being triggered and in Brussels, British ambassador to the EU Sir Tim Barrow will deliver the document to Europe an Council president Donald Tusk. She followed the letter with a speech before parliament, taking on a resolved tone to compensate for the sea of uncertainty she's mired in. In an interview with Sky News, Rudd said that while it was likely Britain would leave Europol as part of Brexit , the government's ... (more...)
- March 30, 2017
Some time after 12.30pm, the premier will inform MPs that Brexit is being triggered and in Brussels, British ambassador to the EU Sir Tim Barrow will deliver the document to Europe an Council president Donald Tusk. She followed the letter with a speech before parliament, taking on a resolved tone to compensate for the sea of uncertainty she's mired in. In an interview with Sky News, Rudd said that while it was likely Britain would leave Europol as part of Brexit , the government's ... (more...)
UK laptop ban on flights to be introduced 'in days'
- March 30, 2017
While the U.S. government cited unspecified "threats" in its announcement, the prime minister's official spokesman declined to discuss whether the new rules were prompted by specific intelligence. The US ban affects eight countries - Egypt , Jordan , Kuwait , Morocco , Qatar , Turkey , Saudi Arabia and the United Arab Emirates. Fliers will have to check laptops and tablets after an unnamed government source said that ISIS associates are working on a plan to smuggle explosives onto ... (more...)
- March 30, 2017
While the U.S. government cited unspecified "threats" in its announcement, the prime minister's official spokesman declined to discuss whether the new rules were prompted by specific intelligence. The US ban affects eight countries - Egypt , Jordan , Kuwait , Morocco , Qatar , Turkey , Saudi Arabia and the United Arab Emirates. Fliers will have to check laptops and tablets after an unnamed government source said that ISIS associates are working on a plan to smuggle explosives onto ... (more...)
Trader's Watch List: Marathon Oil Corporation (MRO), Morgan Stanley (MS)
- March 30, 2017
Rao was previously CEO of chip startup Nervana, which was acquired by Intel previous year for a reported $408 million. PiperJaffray Maintains Marathon Petroleum Corporation (MPC ) to Neutral with a price target of $46. This represents a $1.44 annualized dividend and a dividend yield of 2.94%. Marathon Petroleum Corp's dividend payout ratio is now 65.16%. Boston Partners boosted its stake in Marathon Oil by 417.2% in the third quarter. (more...)
- March 30, 2017
Rao was previously CEO of chip startup Nervana, which was acquired by Intel previous year for a reported $408 million. PiperJaffray Maintains Marathon Petroleum Corporation (MPC ) to Neutral with a price target of $46. This represents a $1.44 annualized dividend and a dividend yield of 2.94%. Marathon Petroleum Corp's dividend payout ratio is now 65.16%. Boston Partners boosted its stake in Marathon Oil by 417.2% in the third quarter. (more...)
Ackman apologises for Valeant losses, calls bet a mistake
- March 30, 2017
VRX has been the topic of a number of other reports. The stock's price fluctuated within the range of $10.66 - $10.83 during previous trading session. Deutsche Bank Initiates Coverage on Valeant Pharmaceuticals International, Inc. (NYSE:VRX) was down -1.20% during the last day of trading, with a day high of 10.83. (more...)
- March 30, 2017
VRX has been the topic of a number of other reports. The stock's price fluctuated within the range of $10.66 - $10.83 during previous trading session. Deutsche Bank Initiates Coverage on Valeant Pharmaceuticals International, Inc. (NYSE:VRX) was down -1.20% during the last day of trading, with a day high of 10.83. (more...)
Sell-Side Analyst's Predictions: Castle Brands Inc. (ROX), Regulus Therapeutics Inc. (RGLS)
- March 30, 2017
RGLS has been the topic of a number of analyst reports. The stock was able to keep return on assets at 0.35% in the trailing twelve month while Reuters data showed that industry's average stands at 4.01% and sector's optimum level is 2.43%. (more...)
- March 30, 2017
RGLS has been the topic of a number of analyst reports. The stock was able to keep return on assets at 0.35% in the trailing twelve month while Reuters data showed that industry's average stands at 4.01% and sector's optimum level is 2.43%. (more...)
More woes for Sears Holdings as it shutters North Charleston Kmart
- March 30, 2017
On Tuesday afternoon, the chain released a detailed statement from CFO Jason Hollar in which he explained the inclusion of the language that caused the uproar was meant to adhere to "regulatory standards". Sears Holding, which had declining sales last year of $22.1 billion, this year announced 108 Kmart and 42 Sears locations in 40 states are slated to close this spring. (more...)
- March 30, 2017
On Tuesday afternoon, the chain released a detailed statement from CFO Jason Hollar in which he explained the inclusion of the language that caused the uproar was meant to adhere to "regulatory standards". Sears Holding, which had declining sales last year of $22.1 billion, this year announced 108 Kmart and 42 Sears locations in 40 states are slated to close this spring. (more...)
Indian mob beats African students near Dehli following drug death
- March 30, 2017
The Greater Noida Superintendent of Police said the police had not yet given a clean chit to the Nigerian nationals accused by the victim's parents. The incident occurred in the Delhi suburb of Noida late Monday when locals staging a protest about the death of a teenage boy turned violent, leading to attacks on African students, mostly Nigerians, shopping in the area. (more...)
- March 30, 2017
The Greater Noida Superintendent of Police said the police had not yet given a clean chit to the Nigerian nationals accused by the victim's parents. The incident occurred in the Delhi suburb of Noida late Monday when locals staging a protest about the death of a teenage boy turned violent, leading to attacks on African students, mostly Nigerians, shopping in the area. (more...)
Israel 'Surprised' by Trump Administration's Demand to Limit Settlements
- March 30, 2017
The US wants an assurance that Israel will restrict settlements in order to maintain Palestinian engagement in a process that has stalled since negotiations attempted by John Kerry collapsed in 2014. Netanyahu did not mention his government's thus-far-unsuccessful efforts to reach an understanding with the White House about settlement-building in Palestinian territories, following Trump's statement that he'd like to see Israel pull back. (more...)
- March 30, 2017
The US wants an assurance that Israel will restrict settlements in order to maintain Palestinian engagement in a process that has stalled since negotiations attempted by John Kerry collapsed in 2014. Netanyahu did not mention his government's thus-far-unsuccessful efforts to reach an understanding with the White House about settlement-building in Palestinian territories, following Trump's statement that he'd like to see Israel pull back. (more...)
Environmental groups file lawsuit over Trump climate actions
- March 30, 2017
The travesty is that all Americans will suffer the detrimental effects of global warming because ignorant backwaters supported a lying swindler who cares no more about their jobs or well-being than he does the survival of the climate. Trump's approval rating was at a personal-best 52% on March 9 as he prepared to amp up efforts to take down President Obama's Affordable Care Act. Over the same period, electricity generation from natural gas increased 33 percent. (more...)
- March 30, 2017
The travesty is that all Americans will suffer the detrimental effects of global warming because ignorant backwaters supported a lying swindler who cares no more about their jobs or well-being than he does the survival of the climate. Trump's approval rating was at a personal-best 52% on March 9 as he prepared to amp up efforts to take down President Obama's Affordable Care Act. Over the same period, electricity generation from natural gas increased 33 percent. (more...)
Warner says White House not dispelling suspicion
- March 30, 2017
But the task force's true power in the White House remained unclear, according to a half-dozen West Wing officials and Kushner associates who spoke on the condition of anonymity. The Justice Department responded to O'Neil saying that the question of what privileged conversations Yates could discuss was ultimately up to the White House. (more...)
- March 30, 2017
But the task force's true power in the White House remained unclear, according to a half-dozen West Wing officials and Kushner associates who spoke on the condition of anonymity. The Justice Department responded to O'Neil saying that the question of what privileged conversations Yates could discuss was ultimately up to the White House. (more...)
Amazon plans layoffs at Quidsi unit after losses
- March 30, 2017
The market appeared to welcome Amazon's attention to losses at the subsidiary, unusual for a company that has prioritized long-term investments over profit. The closing of the unit is the latest chapter in the running feud between Amazon founder Jeff Bezos and his e-commerce nemesis Marc Lore, founder of Quidsi. (more...)
- March 30, 2017
The market appeared to welcome Amazon's attention to losses at the subsidiary, unusual for a company that has prioritized long-term investments over profit. The closing of the unit is the latest chapter in the running feud between Amazon founder Jeff Bezos and his e-commerce nemesis Marc Lore, founder of Quidsi. (more...)
All you need to know about the four new GST bills
- March 30, 2017
The GST council, including the union finance minister and his state counterparts, has already approved the four legislations over a series of 12 meetings. Union Finance Minister Arun Jaitley's efforts in making GST a reality are laudable. Moily further alleged that GST has fundamental contradictions with the Indian Constitution, as it abrogates its basic provisions. (more...)
- March 30, 2017
The GST council, including the union finance minister and his state counterparts, has already approved the four legislations over a series of 12 meetings. Union Finance Minister Arun Jaitley's efforts in making GST a reality are laudable. Moily further alleged that GST has fundamental contradictions with the Indian Constitution, as it abrogates its basic provisions. (more...)
USA growth boosts Wolseley
- March 30, 2017
Trading profit was 515 million pounds compared to 412 million pounds, 5.0% ahead of a year ago at constant exchange rates. The group will also exit its Nordics business. "We have chose to align the group's name with our most significant brand in our largest market", Martin said. Since Ferguson now accounts for 84 percent of Wolseley's profitablility, Wolseley also announced Tuesday it plans to change its name to Ferguson plc , subject to shareholder approval. (more...)
- March 30, 2017
Trading profit was 515 million pounds compared to 412 million pounds, 5.0% ahead of a year ago at constant exchange rates. The group will also exit its Nordics business. "We have chose to align the group's name with our most significant brand in our largest market", Martin said. Since Ferguson now accounts for 84 percent of Wolseley's profitablility, Wolseley also announced Tuesday it plans to change its name to Ferguson plc , subject to shareholder approval. (more...)
British police reveal name, more details of Westminster attacker
- March 30, 2017
Police had said the man behind the attack was British-born Muslim convert Khalid Masood, who used several aliases, and that they were trying to establish if others had directed him. "He had a young child, who I'd think was about 5 or 6 years old". Masood may have rented an apartment close to the Edgbaston area of Birmingham, not far from the Enterprise offices, and that was one of the properties raided by armed officers. (more...)
- March 30, 2017
Police had said the man behind the attack was British-born Muslim convert Khalid Masood, who used several aliases, and that they were trying to establish if others had directed him. "He had a young child, who I'd think was about 5 or 6 years old". Masood may have rented an apartment close to the Edgbaston area of Birmingham, not far from the Enterprise offices, and that was one of the properties raided by armed officers. (more...)
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