Markets


Court bars strike at Eskom Court bars strike at Eskom
- August 11, 2016

NUM's energy sector coordinator, Paris Mashengo, said that wage talks with Eskom were in deadlock over the weekend. Eskom is offering a hike of between seven to nine per cent. "Housing prices are increasing and Eskom workers can't afford to pay for houses", said Sipunzi. Duration of the agreement: The NUM maintain a 1-year wage agreement. (more...)
Delta says 90 more flight cancellations; others predict more
- August 11, 2016

Delta did some things right, like posting a video of Bastain apologizing to customers at 1:30 p.m. Monday - a fairly quick response for an airline. That failure caused a loss of power, forcing a switch to a backup. Delta said the company is now focusing on "promptly moving departures at the airline's Atlanta hub, the world's busiest". (more...)
Former aide in text: Christie 'flat out lied' in bridge case Former aide in text: Christie 'flat out lied' in bridge case
- August 11, 2016

A lawyer for Renna, now vice president of the Chamber of Commerce Southern New Jersey, said she would not address the issue until she testifies at the upcoming criminal trial for Baroni and Kelly. He also said the text alleging he lied was sent by someone who was not under oath. Former Christie allies Bill Baroni and Bridget Kelley face trial in September for allegedly conspiring to close access lanes to tie up traffic in retaliation for Fort Lee Mayor Mark Sokolich's refusal to endorse ... (more...)
Walt Disney beats quarterly forecasts, announces BAMTech acquisition
- August 11, 2016

The acquisition comes at a time when more video customers are abandoning channel bundles sold by various cable TV operators and opting for on-demand video streaming on the internet. For its third quarter, Disney posted a $2.6 billion profit equal to $1.59 per share, compared to a year ago during the same period of $2.48 billion equal to $1.45 per share. (more...)
Leading stocks in today's market: Anadarko Petroleum Corporation (NYSE:APC)
- August 11, 2016

A number of other equities analysts have also weighed in on MPC. Bank of America Corp. reaffirmed a "buy" rating on shares of Anadarko Petroleum Corp.in a report on Tuesday, May 3rd. Marathon Petroleum Corp.'s revenue was down 18.4% on a year-over-year basis. With RSI of 57.3, the stock should still continue to rise and get closer to its one year target estimate of $16.6, making it a hold for now. (more...)
A Company Just Got Permission To Land On The Moon
- August 11, 2016

Until now it was only under the control of the government. Moon Express remains in a tight race with Israeli start-up SpaceIL to win the $25 million prize for completing the first landing or a $5 million award for making the second landing by a private company on the lunar surface. (more...)
Jim Furyk shoots first ever PGA Tour 58 Jim Furyk shoots first ever PGA Tour 58
- August 11, 2016

Furyk reached 11 under on the par-70 course with his seventh consecutive birdie at No. 12. The ball one-hopped into the cup, duplicating his feat in 2013 at Conway Farms of making 2 on a par-4 hole during a sub-60 round. Rodgers shot a 68. He shot a four-under round of 66 in the final round to vault up the leaderboard . Furyk made 10 birdies and an eagle in his round, completing the opening nine holes in a course-record 27 shots. (more...)
USA women dominate, win gold in team gymnastics
- August 11, 2016

Yet it's not just enough for Karolyi for her team to win. We'll see how much USA star Carmelo Anthony can add to his Olympic scoring total when his dominant team faces Australia at 7 p.m. Her double-twisting Yurchenko vault - basically a roundoff onto the block followed by a pair of twists - put the machine in motion. When Biles drilled her Amanar and put up a 15.933 - the highest of the night - the USA was already on top of the leaderboard. (more...)
Rio 2016: U.S. women storm to team gymnastics gold
- August 11, 2016

Although eventing isn't the most popular sport for American audiences who don't know what they are watching, France knew exactly what was going on with an impressive showing in the team competition, finishing just ahead of Germany and Australia for second and third place. (more...)
Pound slides against Singdollar after Bank of England's aggressive stimulus Pound slides against Singdollar after Bank of England's aggressive stimulus
- August 10, 2016

The Bank of England lowered its benchmark interest rate for the first time in more than seven years to a record low as the economy has deteriorated since Britons in June opted to leave the European Union in a referendum. Further policy loosening in the United Kingdom helped push European shares up 0.6 per cent, while the dollar rose 0.2 per cent against a currency basket, drawing strength from a stronger-than-expected ADP jobs number on Wednesday. (more...)
United States stocks veer higher in morning trading
- August 10, 2016

In addition, the slowing crude oil demand from USA refiners is "really where the challenge is going to be", he estimated. Brent for October settlement fell 49 cents to $44.90 on the London-based ICE Futures Europe exchange. OPEC (Organization of Petroleum Exporting Counties) and non-OPEC oil producers like Russian Federation need to co-operate for the meeting to take place. (more...)
Olympic athletes risk all in germ-infested waters
- August 10, 2016

This is a study that lasted for a total of 16 months was conducted. On Monday, the findings of a 16-month AP survey of the aquatic Olympic and Paralympic venues showed a high levels of viruses and led biomedical expert Valerie Harwood to warn: "Don't put your head under the water". (more...)
Ex-Illinois Gov. Rod Blagojevich's 14-year sentence upheld
- August 10, 2016

A federal judge tells ex-governor Rod Blagojevich that he must serve his full prison sentence, denying any reduction in sentence after an appellate court dismissed a handful of charges against him. In making his decision Zagel said "these are serious crimes that had an impact on the people of IL". ".Trying to make amends for that". They said some of Zagel's sentencing calculations were in error, to Blagojevich's advantage. (more...)
Most Recent Analysts Ratings: Freeport-McMoran, Inc. (NYSE:FCX) Most Recent Analysts Ratings: Freeport-McMoran, Inc. (NYSE:FCX)
- August 10, 2016

These analysts have also projected a Low Estimate of $0.07/share and a High Estimate of $0.31/share. Freeport-McMoran, Inc. closed its last trading session at $12.23 with the gain of 0.49%. generated almost $3.33B in sales and net income of -$0.02/share. Even in past one month of trading, stock has maintained its positive rally and yielded 9.29%. (more...)
CIBC Downgrades Whistler Blackcomb Holdings Inc (WB) to Sector Perform
- August 10, 2016

Vail Resorts is renowned for buying low, usually paying well below the ski industry's typical resort pricing of eight to nine times a resort's annual earnings before interest, taxes, depreciation and amortization, or EBITDA. "We think that working with Vail will accelerate our business plan and we're excited to move forward with it". The deal is expected to close this fall. (more...)
Oil stable as Venezuela calls for producer meeting, oversupply still weighs
- August 10, 2016

Energy stocks lagged as an early rally in oil prices eased. Several OPEC members want to revive the idea of setting new limits on production- a subject quashed in April when cartel members met in Doha. While U.S. crude and fuel stockpiles remain at the highest seasonal level in at least two decades, Goldman Sachs Group Inc. forecasts the market will be in a modest deficit during the second half of 2016. (more...)
Indian parliament passes landmark tax reform bill
- August 10, 2016

With this major step in the direction of having a uniform tax in the country, Jaitley said the imposition of tax will eventually impact the cost of many goods and services in the country. He said the GST is targeted to be roll out from 1st of April 2017. The AIADMK party had expressed its stand at a number of forums for the past two years and stuck to its position till the end that the Bill violated States' fiscal autonomy. (more...)
Blast heard near Olympic cycling course in Rio
- August 10, 2016

Pope Francis has written a letter of encouragement to the first team of refugees to participate in the Olympic Games. An alluring fireworks display - which ushered in the games in the historic city of Rio de janeiro . The athletes were given tree seeds, plus cartridges of soil. The U.S. delegation was led by swimmer Michael Phelps, the most decorated American athlete ever with 22 Olympic medals, but he exited the building as soon as he crossed the floor and secured the flag. (more...)
American woman killed in London knife attack American woman killed in London knife attack
- August 10, 2016

We all have a vital role to play as eyes and ears for our police and security services and in helping to ensure London is protected". But after investigating through the night, police said there was no evidence that the attack was politically motivated. (more...)
India's prime minister appeals to Kashmiris to shun violence
- August 10, 2016

Tens of thousands of Kashmiris have defied a strict curfew and security crackdown to participate in street protests over the killing of a rebel commander on July 8 by government forces. "It was painful to see innocent youngsters, who should be holding laptops, books and cricket bats, have been given stones" and appealed to them to maintain peace and harmony in the region. (more...)

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