Markets


British bookie William Hill spurns $4.1 bln bid by
- August 10, 2016

William Hill's board is expected to be meeting today to discuss the bid and will release their decision at a later date. Although hitting a high of 341.80 at 11.13 on Tuesday morning, shares in William Hill at time of close on Tuesday were up 0.49 per cent from its opening price at 329.00 pence. (more...)
Libertarian Candidate Gary Johnson To Hold Duke City Rally
- August 10, 2016

Trump for President Inc . Rigell, who has announced he will not run for re-election this year in his Virginia district, is the second Republican member of Congress to announce that he'll vote for someone other than Trump. Rigell's spokeswoman, Kaylin Minton, confirmed the Times's report but declined further comment. Elected lawmakers are starting to join the Johnson bandwagon - including Republican State Sen. (more...)
Bonds: BoE struggles to find enough long-dated Gilts to purchase
- August 10, 2016

The BoE also said last week most rate-setting members would favour a further rate cut, to close to zero, if the economy activity slowed in line with its forecasts. Markets are now anticipating that the new low interest rate environment could be with us for some time . McCafferty opted to increase borrowing costs in the six BOE meetings from August 2015. (more...)
Coach Reports Sales Growth Coach Reports Sales Growth
- August 10, 2016

This appreciation has taken its market cap to $12.79B. Coach has a 52 week low of $27.22 and a 52 week high of $43.71. Analysts on average had expected a 1.8 per cent rise. Finally, Wolfe Research boosted their price target on shares of Coach from $41.00 to $47.00 and gave the company an "outperform" rating in a report on Friday, April 22nd. (more...)
Judge may cut ex-Illinois governor Rod Blagojevich's prison term in Colorado Judge may cut ex-Illinois governor Rod Blagojevich's prison term in Colorado
- August 10, 2016

Appearing in court on closed circuit TV, Blagojevich was seen bowing his head as U.S. District Judge James Zagel announced his decision. The re-sentencing hearing of Blagojevich, which featured an attempt on the part of his defense team to reduce his 14-year sentence to five years for good behavior, represented a stark change from the defiance he showed when news of his corruption scandal first broke in 2008. (more...)
Russia sees no grounds for new talks on oil output freeze yet Russia sees no grounds for new talks on oil output freeze yet
- August 10, 2016

However, Novak said a freeze could be needed if prices fall further and he signaled a willingness to discuss the matter in Algeria with Saudi Arabia. He agreed with Al Sada's view that oil demand will be higher in the second half compared with past year. (more...)
Hillary Clinton Will Debate Donald Trump Whenever Commission Wants Hillary Clinton Will Debate Donald Trump Whenever Commission Wants
- August 10, 2016

Hillary Clinton put pressure on Donald Trump by announcing that she will participate in the three scheduled presidential debates this fall, challenging her Republican rival to do the same. Hillary Clinton is turning to a major health issue in the battleground state of Florida with a visit Tuesday to a Miami neighborhood dealing with the first US outbreak of the Zika virus. (more...)
Delta Delays Linger After Outage Grounded Flights Across Globe
- August 10, 2016

Passengers wait at Hartsfield-Jackson Atlanta International Airport, Monday, Aug. 8, 2016, in Atlanta . The investigation continues, but he added that there was no evidence the problem was caused by hackers or an intentional breach. By 3 a.m., passengers were getting irate. "I thought there might be a fistfight". "We are still operating in recovery mode", Dave Holtz, senior vice president of operations, said on Tuesday. (more...)
Facebook hates ad blockers so much it now blocks them Facebook hates ad blockers so much it now blocks them
- August 10, 2016

It seems like Facebook has figured out a way to serve your ads even if you have an ad blocker installed. Facebook has always been one of the big reasons people use ad blockers, but over on The New York Times , they detail Facebook's newest plan to circumvent those ad blockers starting today. (more...)
Holding policy interest rates does not surprise Indian market
- August 10, 2016

The government last week formally adopted Rajan's consumer price inflation target of 4 percent with a plus or minus 2 percent band, having convinced the government that it will anchor policy in a country with a history of volatile prices. "FICCI would also like to reiterate that the process of transmission of earlier rate cuts by banks remains slow", said Neotia. The Reserve Bank of India held rates at 6.50%, as economists were expecting. (more...)
Britain defends decision to review $24 billion nuke plant Britain defends decision to review $24 billion nuke plant
- August 10, 2016

China is expected to fund about a third of the £18bn project, but the United Kingdom has said that it wants until autumn to review the scheme reportedly because Theresa May is concerned about Beijing involvement in a United Kingdom nuclear power station. (more...)
United States worker productivity falls in Q2 , causing annual decline United States worker productivity falls in Q2 , causing annual decline
- August 10, 2016

With hours worked increasing by more than output, the Labor Department released a report on Tuesday showing an unexpected decline in USA labor productivity in the second quarter. Compared to the same period one year ago, unit labor costs were higher by 2.1% during the second quarter. Meanwhile, hourly compensation for all workers rose at a 1.5% rate in the second quarter, though it was down 1.1% adjusted for inflation. (more...)
Wall Street takes tiny step back from record highs Wall Street takes tiny step back from record highs
- August 10, 2016

About 5.86 billion shares changed hands in USA exchanges, compared with the 6.56 billion daily average over the last 20 sessions. "Overall, the USA economy seems to be reasonably robust for now", said Frances Hudson, an Edinburgh-based strategist at Standard Life Investments. (more...)
BOJ embarks on additional easing but markets tumble
- August 10, 2016

In its announcement, the BOJ said, "There is considerable uncertainty over the outlook of prices" and added that the bank will conduct a "comprehensive assessment of the developments in economic activity and prices.as well as. "The BOJ did not live up to expectations". The negative interest rate, which was introduced for the first time ever from mid-February, aimed at achieving BOJ's 2-percent inflation target and revitalize the Japanese economy. (more...)
Meth Lab Found Beneath Walmart Parking Lot Meth Lab Found Beneath Walmart Parking Lot
- August 10, 2016

Captain Scott Chamberlin relayed to NBC 4 that the police had not received a tip. The chemicals did not pose a danger to the local water supply or Walmart shoppers, Lt. The evidence was placed in white buckets for further tests by Amherst Police. Right now there are no suspects, but authorities say they are going to take a look at Walmart's surveillance video for suspicious activity. (more...)
Pilot Fire near Silverwood Lake now 6298 acres; 6 percent contained Pilot Fire near Silverwood Lake now 6298 acres; 6 percent contained
- August 09, 2016

The blaze was originally reported at 30 acres and dramatically increased in size to 1,000 acres within hours. The cause remains under investigation. The fire prompted a smoke advisory for Victor Valley and nearby communities, with the Mojave Desert Air Quality Management District warning those with lung and heart disease as well as older adults and children to limit the amount of time spent outside. (more...)
Bell,Michael J Purchases 20000 Shares of MS International plc (MSI) Stock
- August 09, 2016

Credit Suisse maintained the firm's rating on June 30. Ocado Group PLC has a 12-month low of GBX 203.00 and a 12-month high of GBX 412.70. The 50 day moving average of LON:BNZL is 2282.58 and the 200 day moving average is 2056.58. HSBC raised Rentokil Initial plc to a "hold" rating and increased their price objective for the stock from GBX 145 ($1.91) to GBX 190 ($2.51) in a report on Monday, July 18th. (more...)
Boy died of neck injury on water slide Boy died of neck injury on water slide
- August 09, 2016

Police were trying to determine the cause of his death, and an autopsy was conducted Monday. Schwab was the son of state Rep. Scott Schwab. The commission used to oversee fixed rides, but Congress stripped it of this power in 1981. The water park closed following the incident and will remain shuttered until Wednesday at the earliest, although the slide will not reopen. Verruckt, which means "insane" in German, was certified as the world's tallest water slide, at 168-feet, by Guinness World ... (more...)
Solid outlook from Valeant, promised changes, fire up shares
- August 09, 2016

Valeant, which has about $30.77 billion in debt, also had to appease creditors after missing deadlines for filing financial reports, triggering default notices. Analysts on average had expected revenue of US$2.46 billion, according to Thomson Reuters I/B/E/S. The company said it lost $302.3 million during the quarter, or 88 cents a share, compared with a loss of $53 million, or 15 cents a share, in the year ago period. (more...)
Kanye West has more hits than Michael Jackson Kanye West has more hits than Michael Jackson
- August 09, 2016

Elvis Presley holds the top spot for male artists to make it to the Top 40 with a whopping 80 songs. Music founder his 40th Top 40 single. Kanye's star-studded song "Champions" featuring Gucci Mane, Travis Scott, Desiigner from the upcoming " Cruel Winter " album also failed to crack the top 40. (more...)

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