Markets


Sears has "substantial doubt" about its future
- March 30, 2017

But analysts say that Sears may have more time to stage a turnaround than other companies who made a similar declaration in the past. Just in the past year, Sports Authority and The Limited have closed, and RadioShack and American Apparel are both in their second bankruptcies and in danger of shutting down. (more...)
Cannot accept amendments to Finance Bill: Jaitley Cannot accept amendments to Finance Bill: Jaitley
- March 30, 2017

Besides Nariman, Girish Karnad, T M Krishna, Aruna Roy, Jayati Ghosh and 200 other citizen have expressed concern on the classification of the Finance Bill as "Money Bill" terming it as an "illegitimate" move by the government. BJD leader Bhartruhari Mahtab demanded transparency in funding to the political parties. "Individuals giving more than Rs 2,000 have to disclose their identity, but corporate houses giving Rs 20 crore are not required to disclose any details under the proposed law", ... (more...)
New York's Fearless Girl statue to stay on till March 2018
- March 30, 2017

Tourists have taken countless pictures with the girl and dressed her with both pink Pussyhats from the Women's March to red Make American Great Again caps from President Trump's campaign . "My bull is a symbol for America". Visbal was quoted by the Associated Press as saying, "She's not defiant, she's fearless, proud and strong, not belligerent". (more...)
Vetr Inc. Upgrades Alibaba Group Holding Ltd (BABA) to Vetr Inc. Upgrades Alibaba Group Holding Ltd (BABA) to "Strong-Buy"
- March 30, 2017

Its sales stood at 5.30% a year on average in the period of last five years. Massmutual Trust Co. FSB ADV bought a new position in shares of Alibaba Group Holding during the fourth quarter worth about $110,000. (NASDAQ:AAL) shares. This target consists of 11 research analysts polled by Zacks Research. Schroder Investment Management Group now owns 22,140,881 shares of the company's stock worth $2,342,284,000 after buying an additional 2,590,397 shares in the last quarter. (more...)
Jeff Bezos is not the world's second richest person Jeff Bezos is not the world's second richest person
- March 30, 2017

A separate ranking by Forbes also has Mr Bezos's value at "just" US$75.2b. Ortega is up $2.1 billion year-to-date. Given the two billionaires either side of Bezos founded The Giving Pledge - a philanthropic initiative encouraging the super rich to give away half their net worth - it shouldn't be too surprising if Bezos does eventually reach the summit to become number one. (more...)
Trump's budget could affect Kansas City streetcar expansion Trump's budget could affect Kansas City streetcar expansion
- March 30, 2017

So they could well be in jeopardy. Other budgetary items outlined for the department include cutting funding for the Federal Transit Admin.'s Capital Investment Program (New Starts), eliminating funding for the Essential Air Service (EAS) program and eliminating funding for the TIGER discretionary grant program. (more...)
Trump's budget will not make America great again Trump's budget will not make America great again
- March 30, 2017

His plan calls for a 10 percent increase in military spending and deep cuts for just about everything else. Trump's budget, which would go into effect in October if Congress approves it, would eliminate the Transportation Investment Generating Economic Recovery (TIGER) grant program, a almost $500 million grant program run by the U.S. (more...)
Brokers Ratings on: Alamos Gold, Inc. (AGI)
- March 30, 2017

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. The company's outstanding shares are 267.08 Million. Higher EPS estimate is noted at $0.05 while lowest EPS estimate among analysts is targeted at $-0.03. According to these analysts, the Low Revenue Estimate for Alamos Gold, Inc .is 110.73 Million and the High Revenue Estimate is 124.8 Million. (more...)
"Let's wait and see", South Africa's Gordhan says on sacking reports
- March 30, 2017

Talk Radio 702 said Gordhan's dismissal had been discussed on Monday at talks between Zuma and the South African Communist Party, allies of the ruling African National Congress (ANC).ANN7 television said the six most senior members of the ANC had approved Gordhan's removal, citing unnamed sources. (more...)
US won't participate in UN Right Council without reforms US won't participate in UN Right Council without reforms
- March 30, 2017

The Trump administration is reviewing membership in the UN Human Rights Council, and "considerable reform" within the organization would be necessary for the USA to remain, according to Secretary of State Rex Tillerson. "There's been a series of requests coming from the secretary of state's office that suggests that he is questioning the value of the U.S. belonging to the Human Rights Council", said the former official. (more...)
Sessions: Sanctuary Cities are Risking Federal Grants
- March 30, 2017

Sanctuary cities in general offer safe harbor to illegal immigrants and often do not use municipal funds or resources to advance the enforcement of federal immigration laws. Here's something else to consider: The policy to which Sessions was referring was put into place not by some Trump executive order , but by the Obama administration. (more...)
Dakota Access Pipeline fills with oil as project readies for service
- March 30, 2017

District Court for the District of Columbia. Energy Transfer Partners said that attacks have been carried out in South Dakota, too, which was later confirmed by local authorities. Ron Ness, president of the North Dakota Petroleum Council, a trade group that represents almost 500 energy companies including ETP, said the pipeline will "have a significant impact on Bakken transportation going forward". (more...)
An accident forced Uber to immobilize its autonomous cars
- March 30, 2017

Tempe police confirmed to CNNTech the self-driving Uber vehicle involved in the rollover accident Friday night was not at fault, and there were no life-threatening injuries. From what we hear, Uber's auto was driving at a high speed and flipped on to its side following a crash. The accident is not the first time a self-driving vehicle has been involved in a collision. (more...)
Hey Trump Admin, Here's Why We Need After-School Food Programs Hey Trump Admin, Here's Why We Need After-School Food Programs
- March 30, 2017

She argues that Trump should have made deeper cuts-and should be planning cuts to Social Security and Medicare in his fuller, 10-year budget-to reduce "bloated" Washington spending and cut the "staggering" deficit. The budget pursues frequent targets of the GOP's staunchest conservatives, eliminating the National Endowment for the Arts , legal aid for the poor, low-income heating assistance and the AmeriCorps national service program. (more...)
Oil rises again on view that supplies should tighten
- March 30, 2017

US energy prices rose after the data, led by gasoline RBOB futures which rose 2 percent to a three-week high of $1.6669 a gallon by 10:54 a.m. EDT (1554 GMT). At the end of last week, gasoline stocks sat at 240 million barrels, and have fallen 7.5 percent over the last six weeks. Key for the direction of oil prices will be whether an initiative led by the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production during the first half of the year will be extended, and how ... (more...)
Presidency explains Zuma involvement in Gordhan court matter
- March 30, 2017

After landing at OR Tambo International Airport on Tuesday morning, Gordhan told the media he had met about 50 investors in London "who have great faith in our economy". If Gordhan or Jonas are fired, "the selloff will be vigorous", said Jonathan Hertz, chief executive officer of Peregrine Holdings Ltd., which has 105 billion rand in assets under management. (more...)
Trump reviewing fuel efficiency rule for new cars, trucks Trump reviewing fuel efficiency rule for new cars, trucks
- March 30, 2017

The group's request came last month, after the confirmation of Scott Pruitt as EPA administrator. President Donald Trump hosts a roundtable discussion at the American Center of Mobility, Wednesday, March 15, 2017, in Ypsilanti Township, Mich. (more...)
Oil rebounds as United States crude inventories ease off record high
- March 30, 2017

The U.S. shale patch has not only emerged leaner and more resilient from the downturn, it has also hedged future production with contracts guaranteeing the price of the crude they will be pumping a year or two from now, Bloomberg reports, citing industry executives and analysts. (more...)
Lloyd's of London confirms new Brussels office Lloyd's of London confirms new Brussels office
- March 30, 2017

Chesnara Plc (CSN.L), an insurance-focused takeover specialist, already has an insurance company in the Netherlands but could move its headquarters there, depending on the regulatory environment in Britain after negotiations to leave the European Union. (more...)
(AKS) Cut to (AKS) Cut to "Hold" at Vetr Inc
- March 30, 2017

AKS attains analyst recommendation of 2.80 on scale of 1-5 with week's performance of -13.84%. Athene Holding Ltd's consensus price target is around $55.86 a share. WARNING: This report was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. JPMorgan Chase & Co. reiterated their neutral rating on shares of AK Steel Holding Co. (more...)

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