Markets


Telstra: Profit jump, $1.5b share buy-back and increased dividend Telstra: Profit jump, $1.5b share buy-back and increased dividend
- August 11, 2016

A steady final and full year dividend and the mooted capital management program costing $1.5 billion can't hide the fact that Telstra struggled in 2015-16, especially in the final six months as a series of system outages cost it dearly in terms of customer engagement and support. (more...)
Walmart Buying Online Seller Jet.com for $3 Billion
- August 11, 2016

McMillon said Walmart believes the acquisition of Jet accelerates Walmart's progress across these priorities, especially ecommerce growth. The deal, valued at $3. To build hype around the brand, Jet.com has poured money into marketing, hiring R/GA and media agency Maxus to create a Super Bowl ad. Last month, Wal-Mart announced that was selling its Chinese online business Yihaodian.com to the China's second-biggest e-commerce site J.D.com in a strategic partnership that it hopes will ... (more...)
OPEC keeps pumping oil at full bore, output up again
- August 11, 2016

However, the reported increase was still lower than the American Petroleum Institute's estimates yesterday of a 2.1 million-barrel rise, MarketWatch reports. Coming ahead after a slight price rally as the OPEC signaled to cut back on output level, the oil prices are again in the doldrums. So far, the big producers have been unwilling to limit production. (more...)
Google mocks Apple iPhone's limited storage in new ad Google mocks Apple iPhone's limited storage in new ad
- August 11, 2016

The feature can be found in settings of Google Photos, and will instantly delete pictures and videos on your device that are hogging valuable space. The ad features multiple missed photo opportunities, including graduations, birthdays, selfies and even Bigfoot sightings, all because the iPhone in question runs out of storage each time. (more...)
Mercedes-Benz Targeting Roll Royce With Swoopy New Ultra-Luxury Coupe Mercedes-Benz Targeting Roll Royce With Swoopy New Ultra-Luxury Coupe
- August 11, 2016

The tag line is simply "Hot & cool - nearly 6 metres of ultimate luxury". At that length, the coupe would easily dwarf every other two-door in the current Mercedes-Benz lineup. Pebble Beach is the place to show off your most exotic/luxurious/fabulous (delete as appropriate, or select all three) vehicle; this is the place where all of the world's wealthiest auto people congregate, after all. (more...)
Clinton knocks Trump for his 'casual inciting of violence' Clinton knocks Trump for his 'casual inciting of violence'
- August 11, 2016

Nevertheless, the NRA chose the aftermath of Trump's comment to unveil a new 30-second ad on Wednesday that accuses Clinton, without evidence, of plotting to take away people's guns. But Trump's campaign and his allies pushed back and argued he only meant political recourse, not violence. CNN did not report whether the questions were raised to Trump himself. (more...)
Trump, on defence, blames media for Second Amendment flap
- August 11, 2016

At a rally Tuesday, Trump falsely said that Clinton wanted to revoke the right to gun ownership. She wants to leave you unprotected in your home. Hillary Clinton wants to essentially abolish the Second Amendment. After the Democratic convention, Trump sparked days of outrage across the political spectrum by repeatedly criticizing a Muslim family whose son died fighting the war in Iraq. (more...)
Delta Air Lines scraps hundreds more flights as outage troubles continue
- August 11, 2016

Q: You posted a three-minute apology video Tuesday saying this isn't Delta and the quality of service that passengers expect. The Atlanta-based airlines also offered hotel vouchers to several thousand customers over the past two days. In an update Wednesday morning, Delta said it had resolved the problems with technology that enables passenger check-ins and boarding and aircraft dispatching. (more...)
RBI's monetary policy review keeps rates unchanged: Key points RBI's monetary policy review keeps rates unchanged: Key points
- August 11, 2016

Rajan, who plans to return to academia after his term ends on September 4, said his stays at university made him "pretty thick skinned", but the attacks then were not abominable. "The Reserve Bank will continue with both domestic liquidity operations and foreign exchange interventions that should also enable management of the FCNR (B) redemptions without market disruptions", he said. (more...)
NY nuclear plant scheduled to close saved by new owner NY nuclear plant scheduled to close saved by new owner
- August 11, 2016

Exelon owns and operates the nation's largest fleet of nuclear reactors, including two other stations in upstate New York (Nine Mile Point and R.E. Ginna). It has been reported that our Upstate nuclear plants contribute an estimated $2.5 billion to the state's gross domestic product. "Some people estimate central NY would lose $500 million". (more...)
Income increase for Cedar Realty in Q2
- August 11, 2016

Federal Realty Investment Trust now has a consensus rating of "Hold" and a consensus price target of $153.67. Finally, Wells Fargo & Co. reiterated a "hold" rating on shares of Lexington Realty Trust in a report on Thursday, May 5th. Following the transaction, the insider now directly owns 600,148 shares in the company, valued at $5,509,358.64. FUNDS FROM OPERATIONS attributable to common shareholders plus assumed conversions ("FFO") for the quarter ended June 30, 2016 was $229.4 million, or ... (more...)
Myriad Genetics Inc. (MYGN) Lowered to Hold at Barclays PLC Myriad Genetics Inc. (MYGN) Lowered to Hold at Barclays PLC
- August 11, 2016

Myriad Genetics, Inc . (NASDAQ:MYGN) reached at $29.99 price level during last trade its distance from 20 days simple moving average is -5.11%, and its distance from 50 days simple moving average is -5.48% while it has a distance of -19.67% from the 200 days simple moving average. (more...)
Chesapeake Energy to sell North Texas Barnett Shale assets Chesapeake Energy to sell North Texas Barnett Shale assets
- August 11, 2016

As the boom morphed into a glut and gas markets collapsed, Chesapeake found itself saddled with billions of dollars in pipeline commitments in regions such as the Barnett where it no longer made sense to pump as much gas. The transactions mark "a major step in our continued progress to transform Chesapeake", Lawler said in the statement. The assets being sold to Saddle Barnett Resources include 215,000 net developed and undeveloped acres and about 2,800 wells. (more...)
EIA lowers forecast for oil prices EIA lowers forecast for oil prices
- August 11, 2016

Meanwhile, top oil exporter Saudi Arabia boosted its oil output to a record high in July, it told Opec (Organisation of the Petroleum Exporting Countries). The national average retail pump price for gasoline, however, witnessed a must smaller decline this week: just 9/10ths of a penny to $2.13 per gallon, which is 47.9 cents per gallon cheaper compared to the same week in 2015, EIA said. (more...)
Tesla To Buy SolarCity In $2.6B Deal
- August 11, 2016

The new entity would offer solar panels, home battery storage systems and electric vehicles. Tesla and SolarCity plan to sell solar panels, residential and commercial battery storage systems and electric vehicles under one brand. Shares of Tesla rose 0.2% to $235.31 in premarket trade, while those of SolarCity plunged 6.2% to $25.05. "We also expect to save customers money by lowering hardware costs, reducing installation costs, improving our manufacturing efficiency and reducing our ... (more...)
Elon Musk, Tesla Charge Ahead With $2.6 Billion Purchase of SolarCity
- August 11, 2016

Tesla describes this as a "fully integrated residential, commercial and grid-scale product" which aims to improve the way energy is generated, stored and consumed. Tesla, which is headquartered in Palo Alto, Calif., previously said it would offer $23.56 to $25.30 per SolarCity share. Shares of SolarCity have actually surged over the last few months, so it's not clear why the price tag got cut. (more...)
Oil falls again on high United States stocks, Saudi production Oil falls again on high United States stocks, Saudi production
- August 11, 2016

Investors are now waiting for official data on USA commercial crude stockpiles for the week ending August 5 - due later Wednesday - for a fresh indication of demand in the world's top oil consumer. Brent futures traded at $44.92 a barrel on the ICE Futures Europe exchange at 12:09 p.m.in London, having sunk to $41.51 on August 2, the lowest intraday price since April 18. (more...)
Oil Prices Slide On Rising Crude Inventories Oil Prices Slide On Rising Crude Inventories
- August 11, 2016

The pullback in oil, alongside the step up in the pace of central bank bond purchases in Europe and the United Kingdom saw major overnight buying of U.S. "At this time of year, we should be drawing down in crude inventories, and we are still building", said Tariq Zahir, trader in crude oil spreads at Tyche Capital Advisors in NY. (more...)
Kidney racket busted at Mumbais Hiranandani hospital, CEO and doctors arrested Kidney racket busted at Mumbais Hiranandani hospital, CEO and doctors arrested
- August 11, 2016

Hiranandani Hospital has found five doctors - including chief executive officer Dr Sujit Chatterjee and medical director Dr Anurag Naik - to be negligent on several counts. It was Powai-based social worker, Mahesh Tanna who blew the lid off the racket when he called up the Mumbai Police helpline and tipped them off about a a suspicious transplant that was scheduled to occur at Hiranandani Hospital. (more...)
2 windows shattered on media bus at Olympics
- August 11, 2016

Despite a late comeback charge, Team USA came up short of the medal stand at the men's gymnastics team finals of the 2016 Olympic Games in Rio de Janeiro on Monday night. Swimmer Ryan Murphy of the United States celebrates winning gold in the men's 100-meter backstroke final on August 8 at the Olympic Aquatics Stadium in Rio de Janeiro . (more...)