Markets
Keystone XL Pipeline is not a done deal, here's what's ahead
- March 31, 2017
He called Friday a "great day for American jobs". In a statement , Greenpeace USA Executive Director Annie Leonard said the group would do "everything it can" to stop the Keystone XL Pipeline from coming to fruition. It re-applied with the Nebraska Public Service Commission this year. Environmentalists , American Indian groups and landowners who've opposed the pipeline expressed anger, and Greenpeace said the USA was "moving backwards" on climate and energy policy. (more...)
- March 31, 2017
He called Friday a "great day for American jobs". In a statement , Greenpeace USA Executive Director Annie Leonard said the group would do "everything it can" to stop the Keystone XL Pipeline from coming to fruition. It re-applied with the Nebraska Public Service Commission this year. Environmentalists , American Indian groups and landowners who've opposed the pipeline expressed anger, and Greenpeace said the USA was "moving backwards" on climate and energy policy. (more...)
OPEC, non-OPEC committee recommends extending oil output cut by 6 months
- March 31, 2017
In Russia, private oil producers are ditching their skepticism and lining up behind an extension of output cuts after previous oil price increases compensated for lost income. While Saudi's output is still lower than its target, a rebound in its production dented sentiment in the oil market. What the crude import numbers from China and India for the first two months show is that by and large the top producers seem reluctant to cut supplies to major Asian buyers, and that even if they do, ... (more...)
- March 31, 2017
In Russia, private oil producers are ditching their skepticism and lining up behind an extension of output cuts after previous oil price increases compensated for lost income. While Saudi's output is still lower than its target, a rebound in its production dented sentiment in the oil market. What the crude import numbers from China and India for the first two months show is that by and large the top producers seem reluctant to cut supplies to major Asian buyers, and that even if they do, ... (more...)
Paul Manafort will testify before Congress
- March 31, 2017
A Senate source tells ABC News that the Senate Intelligence Committee will also meet with Manafort as part of its similar investigation. "As Mr. Manafort has always maintained, he looks forward to meeting with those conducting serious investigations of these issues to discuss the facts", the spokesperson said . (more...)
- March 31, 2017
A Senate source tells ABC News that the Senate Intelligence Committee will also meet with Manafort as part of its similar investigation. "As Mr. Manafort has always maintained, he looks forward to meeting with those conducting serious investigations of these issues to discuss the facts", the spokesperson said . (more...)
KFC to use only local poultry for chicken menu
- March 31, 2017
The Brazilian government has since shut down three major plants and suspended the export licenses for 21 meat packing plants as well. According to police, the health inspectors involved were bribed to certify meat no longer fit for consumption, while additives were used to mask problems in the produce. (more...)
- March 31, 2017
The Brazilian government has since shut down three major plants and suspended the export licenses for 21 meat packing plants as well. According to police, the health inspectors involved were bribed to certify meat no longer fit for consumption, while additives were used to mask problems in the produce. (more...)
Sonic Corp. (NASDAQ:SONC) To Release Earnings
- March 31, 2017
At a Sonic Drive-In, a customer drives into one of the parking spaces, orders through the intercom speaker system and has the food delivered by a carhop and Sonic Drive-Ins also include a drive-thru lane and patio seating to provide customers with alternative dining options. (more...)
- March 31, 2017
At a Sonic Drive-In, a customer drives into one of the parking spaces, orders through the intercom speaker system and has the food delivered by a carhop and Sonic Drive-Ins also include a drive-thru lane and patio seating to provide customers with alternative dining options. (more...)
Pilot dies on flight arriving at Albuquerque Sunport
- March 31, 2017
Albuquerque airport spokesman Dan Jiron said the Boeing 737-800 was just over 3km from landing when the captain declared a medical emergency. Paramedics performed CPR on Mr Grubbs for nearly 40 minutes before he was pronounced dead. Mr Grubbs, who was based in Dallas, was a Boeing 737 pilot who joined American in 2010 from Envoy, Parker said. "Our team is fully focused on taking care of Mike's family at this time". (more...)
- March 31, 2017
Albuquerque airport spokesman Dan Jiron said the Boeing 737-800 was just over 3km from landing when the captain declared a medical emergency. Paramedics performed CPR on Mr Grubbs for nearly 40 minutes before he was pronounced dead. Mr Grubbs, who was based in Dallas, was a Boeing 737 pilot who joined American in 2010 from Envoy, Parker said. "Our team is fully focused on taking care of Mike's family at this time". (more...)
US vote paves way for sale of personal customer data
- March 31, 2017
Proponents say current regulations stifle innovation, forcing providers to abide by strict guidelines. On Tuesday, the House voted 215-205 to do away with the privacy rules that the US Federal Communications Commission passed past year. (more...)
- March 31, 2017
Proponents say current regulations stifle innovation, forcing providers to abide by strict guidelines. On Tuesday, the House voted 215-205 to do away with the privacy rules that the US Federal Communications Commission passed past year. (more...)
AT&T selected to build nationwide public safety network
- March 31, 2017
Emergency crews and first responders make use of wireless networking more than enough to warrant a separate network just for them, and AT&T has won the federal contract to build out just such a network in the United States, known as FirstNet. (more...)
- March 31, 2017
Emergency crews and first responders make use of wireless networking more than enough to warrant a separate network just for them, and AT&T has won the federal contract to build out just such a network in the United States, known as FirstNet. (more...)
Gulf airlines offer workarounds to United States electronics ban
- March 31, 2017
Gulf carriers are now offering loaner laptops and iPads to travelers on US -bound flights - the latest workaround to a new USA policy banning large electronics on select flights from the Middle East and Africa. No U.S. airlines are affected because none has direct flights from the select airports. Anxious about the laptop ban? The decision follows the announcement that US-bound passengers from eight mainly Muslim countries - Qatar, UAE, Turkey, Jordan, Egypt, Saudia Arabia, Morocco and ... (more...)
- March 31, 2017
Gulf carriers are now offering loaner laptops and iPads to travelers on US -bound flights - the latest workaround to a new USA policy banning large electronics on select flights from the Middle East and Africa. No U.S. airlines are affected because none has direct flights from the select airports. Anxious about the laptop ban? The decision follows the announcement that US-bound passengers from eight mainly Muslim countries - Qatar, UAE, Turkey, Jordan, Egypt, Saudia Arabia, Morocco and ... (more...)
Britain follows United States in banning electronics an flights from Muslim-majority countries
- March 31, 2017
The timetable announced Wednesday will affect travelers coming to Britain on direct flights from a number of locations in the Middle East. The ban applies on flights to the United Kingdom from airports in Turkey, Lebanon, Jordan, Egypt, Tunisia and Saudi Arabia, with affected airlines being British Airways, Easyjet, Monarch, Thomson Airways, Jet2, and Turkish Airlines. (more...)
- March 31, 2017
The timetable announced Wednesday will affect travelers coming to Britain on direct flights from a number of locations in the Middle East. The ban applies on flights to the United Kingdom from airports in Turkey, Lebanon, Jordan, Egypt, Tunisia and Saudi Arabia, with affected airlines being British Airways, Easyjet, Monarch, Thomson Airways, Jet2, and Turkish Airlines. (more...)
Van-car crash in southwestern Ontario leaves 3 dead, 5 hurt
- March 31, 2017
Stacey Laforme of the Mississaugas of the New Credit First nation says the girls, aged 12 and 14, died while coming home from the youth group outing in Hamilton. "The community is devastated", she said. Police said no names would be released until relatives were notified. "We have more questions than answers right now", Sanchuk said. (more...)
- March 31, 2017
Stacey Laforme of the Mississaugas of the New Credit First nation says the girls, aged 12 and 14, died while coming home from the youth group outing in Hamilton. "The community is devastated", she said. Police said no names would be released until relatives were notified. "We have more questions than answers right now", Sanchuk said. (more...)
Vetr Inc. Upgrades lululemon athletica inc. (LULU) to Strong-Buy
- March 31, 2017
That compares with $117.4 million, or 85 cents per share, a year earlier. The Median price target for the stock is set at $73.50. Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. (more...)
- March 31, 2017
That compares with $117.4 million, or 85 cents per share, a year earlier. The Median price target for the stock is set at $73.50. Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. (more...)
How the OPEC Production Cut Turned Out for Crude Tankers
- March 31, 2017
Growing expectations that the Organization of the Petroleum Exporting Countries will agree to extend its production-cut agreement also contributed to oil's price climb. As a result, China became the third biggest overseas destination for US crude oil in 2016, according to data from the Energy Information Administration (EIA), up from ninth position the previous year. (more...)
- March 31, 2017
Growing expectations that the Organization of the Petroleum Exporting Countries will agree to extend its production-cut agreement also contributed to oil's price climb. As a result, China became the third biggest overseas destination for US crude oil in 2016, according to data from the Energy Information Administration (EIA), up from ninth position the previous year. (more...)
No sudden change expected in British position after Brexit: envoy to UN
- March 30, 2017
In her letter to European Council president Donald Tusk triggering Article 50, the Prime Minister warned that failure to reach a comprehensive settlement would lead to a weakening of co-operation in the fight against crime and terrorism. But we must settle the accounts, no more, no less", Barnier said. May said that in the months ahead she will represent every person in the United Kingdom, including European Union nationals. (more...)
- March 30, 2017
In her letter to European Council president Donald Tusk triggering Article 50, the Prime Minister warned that failure to reach a comprehensive settlement would lead to a weakening of co-operation in the fight against crime and terrorism. But we must settle the accounts, no more, no less", Barnier said. May said that in the months ahead she will represent every person in the United Kingdom, including European Union nationals. (more...)
South Africa's finance chief recalled from United Kingdom trip
- March 30, 2017
Their response to any reshuffle would be key to the future of Gordhan, Zuma and the ANC. According to local media reports, Zuma favors his former wife Nkosazana Dlamini-Zuma, who served as a minister under Zuma and previous presidents, for the finance portfolio. (more...)
- March 30, 2017
Their response to any reshuffle would be key to the future of Gordhan, Zuma and the ANC. According to local media reports, Zuma favors his former wife Nkosazana Dlamini-Zuma, who served as a minister under Zuma and previous presidents, for the finance portfolio. (more...)
H&M sales grow 7 percent but profits down
- March 30, 2017
The fashion retail industry in general was "very tough in many of our large markets" and "this was reflected in our sales", Persson said. H&M's supply chain lead times are around double those of Inditex, according to a report this month by Goldman Sachs, which recommended that investors "sell" H&M shares. (more...)
- March 30, 2017
The fashion retail industry in general was "very tough in many of our large markets" and "this was reflected in our sales", Persson said. H&M's supply chain lead times are around double those of Inditex, according to a report this month by Goldman Sachs, which recommended that investors "sell" H&M shares. (more...)
Aldermore Group PLC (ALD) Upgraded by Macquarie to "Outperform"
- March 30, 2017
On Monday, January 18 the stock rating was downgraded by J.P. Morgan to "Neutral". Peel Hunt cut their price objective on shares of Lonmin Plc from GBX 155 ($1.91) to GBX 105 ($1.30) and set a sell rating for the company in a report on Monday, January 30th. (more...)
- March 30, 2017
On Monday, January 18 the stock rating was downgraded by J.P. Morgan to "Neutral". Peel Hunt cut their price objective on shares of Lonmin Plc from GBX 155 ($1.91) to GBX 105 ($1.30) and set a sell rating for the company in a report on Monday, January 30th. (more...)
Russia says oil cuts may be extended amid high compliance
- March 30, 2017
But prices were still weighed on by a resurgence in USA oil production and the expectation that inventories there would build up once again, illustrating the persistent global supply overhang that has depressed prices for three years. Iraqi Minister of Oil, Jabar Ali al-Luaibi told reporters before the meeting that there were some encouraging results as the oil market was improving and if OPEC members all agreed, Iraq would follow suit. (more...)
- March 30, 2017
But prices were still weighed on by a resurgence in USA oil production and the expectation that inventories there would build up once again, illustrating the persistent global supply overhang that has depressed prices for three years. Iraqi Minister of Oil, Jabar Ali al-Luaibi told reporters before the meeting that there were some encouraging results as the oil market was improving and if OPEC members all agreed, Iraq would follow suit. (more...)
Oil rises on Libya disruption, likely OPEC output cut extension
- March 30, 2017
United States inventories of oil rose by 1.5 million barrels to 520.2 million barrels in the week ended February 24, according to the Energy Information Administration's (EIA) weekly oil report. currency against a basket of foreign currencies, was 0.30% higher at the time of writing. However, the ongoing strong uptrend in US crude production is keeping investors from placing bullish bets. (more...)
- March 30, 2017
United States inventories of oil rose by 1.5 million barrels to 520.2 million barrels in the week ended February 24, according to the Energy Information Administration's (EIA) weekly oil report. currency against a basket of foreign currencies, was 0.30% higher at the time of writing. However, the ongoing strong uptrend in US crude production is keeping investors from placing bullish bets. (more...)
Funding for Trump's 'Great Wall' could be left out of budget deal
- March 30, 2017
On a conference call today, Zinke described his role in the wall project as a "supporting commander" who helps Homeland Security Secretary John Kelly. U.S. Customs and Border Protection said the six-day extension to April 4 will allow companies time to consider answers to dozens of questions that potential bidders submitted ahead of Wednesday's initial deadline. (more...)
- March 30, 2017
On a conference call today, Zinke described his role in the wall project as a "supporting commander" who helps Homeland Security Secretary John Kelly. U.S. Customs and Border Protection said the six-day extension to April 4 will allow companies time to consider answers to dozens of questions that potential bidders submitted ahead of Wednesday's initial deadline. (more...)
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Trump calls stock sell-off a correction, says Fed ‘crazy’