Markets


Oil rises after falling into bear market Oil rises after falling into bear market
- August 17, 2016

Gasoline inventories probably fell by 1 million barrels last week. Futures gained as much as 2.1 percent after dropping below $40 on Monday for the first time since April. Oil prices enjoyed a rally in late spring and early summer with supply disruptions and the kick-off of peak demand season supporting the rally. "Speculators increased their shorts by the biggest volume on record... (more...)
CSL profit growth expected to rebound with Sequiris turnaround CSL profit growth expected to rebound with Sequiris turnaround
- August 17, 2016

Biotechnolgoy giant CSL has flagged a possible share buyback of around $A500 million after posting a 10 per cent fall in annual net profit, hurt by its acquisition of the Novartis influenza vaccines business. During the first half of fiscal 2017, CSL intends to approach the U.S. private placement market to raise approximately $500 million as part of the company's overall capital management program. (more...)
British FTSE 100 drops 0.68 pct on Tuesday British FTSE 100 drops 0.68 pct on Tuesday
- August 17, 2016

Deutsche Bank AG reissued a "hold" rating on shares of Antofagasta plc in a research note on Wednesday, July 13th. They presently have a GBX 505 ($6.50) price objective on the mining company's stock. The 52 week high of Antofagasta PLC's shares is 633.5 whilst the 52 week low for shares in the company is 340.6. The brokerage now has a a "sell" rating on the mining company's stock. (more...)
Crown Resorts reports 22.7% drop in profit Crown Resorts reports 22.7% drop in profit
- August 17, 2016

The separation would shield Packer's Australian assets from a prolonged downturn in the Chinese gambling hub. "Work on the proposed demerger, in particular, to obtain all the necessary approvals, consents and waivers from third parties, including from governments and gaming regulators, is ongoing". (more...)
Corbyn to set out plans to renationalise railways Corbyn to set out plans to renationalise railways
- August 17, 2016

In a wide-ranging interview with the Observer , in which he launches what is being billed as a totemic National Education Service policy, the Labour leader described claims of far-left infiltration of the party by Tom Watson as "nonsense" adding, "and I think he knows it's nonsense". (more...)
Protests intensify in Indian Kashmir, security forces kill five
- August 17, 2016

According to sources, Congress vice-president Rahul Gandhi discussed the content of Modi's Independence Day address at an informal meeting with top party leaders. "India is behind terrorism, militancy and anti-peace activities in Balochistan", he alleged. The Congress party believes there are serious human rights violations in Balochistan and the voice of democratic dissent is being suppressed by Pakistani agencies and forces. (more...)
GNC Holdings Inc. (NYSE:GNC) Price And Consensus
- August 17, 2016

This appreciation has taken its market cap to $1.03B. For the coming year, the company is expected to postEPS of $2.71.If you look at the individual EPS estimates, you can see that they range from a low of $2.43 to a high of $2.9. A research note issued on 5/5/2016 the stock was downgraded by Morgan Stanley from Overweight to Equal-Weight. (NYSE:GNC). Considering the individual price estimates, you find that the highest estimate is $26 and the lowest estimate is $20. (more...)
Hackers Target World Anti-Doping Agency, Sports Court
- August 17, 2016

The middle-distance runner's location has been a closely guarded secret since she went into hiding in the USA, after helping reveal a state-backed doping program in Russian Federation. WADA has locked her account immediately after the discovery. "We are taking every measure possible [to protect ourselves]", Stepanova said. The allegations led to the suspension of the Russian athletics federation from the August 5-21 Olympics in Rio. (more...)
Trump leads by just 6 in Texas
- August 17, 2016

The margin of error for the PPP survey is plus or minus 3.2 percent. Voters have a similarly negative view of both Trump and Clinton - 50 percent see the Democratic nominee unfavorably while 54 percent have an unfavorable opinion of the GOP nominee. (more...)
Oil traders short the market as United States crude inventories swell Oil traders short the market as United States crude inventories swell
- August 17, 2016

International Brent crude futures were trading at.39 per barrel, up 29 cents, or 0.7 percent, from their last close. West Texas Intermediate for September delivery was at $40.08 a barrel on the New York Mercantile Exchange, up 2 cents, at 1:58 p.m. (more...)
More polling woes for Trump: Clinton ahead in Florida, Virginia More polling woes for Trump: Clinton ahead in Florida, Virginia
- August 17, 2016

The margin of error for the PPP survey is plus or minus 3.2 percent. Today, Trump has a 71-point lead against Clinton among Republican voters. Six percent of Texas voters like Libertarian Gary Johnson, 2 percent prefer Green Party hopeful Jill Stein and less than a half of a percent picked Evan McMullin, a former Central Intelligence Agency operative and House staffer who announced his candidacy earlier this month. (more...)
BHP says 6-month loss rose to $6.4b BHP says 6-month loss rose to $6.4b
- August 17, 2016

BHP Billiton's finances have been aided by a cost saving strategy. Australian mining giant BHP Billiton fell to a huge loss as low commodity prices and costs relating to its United States oil business and the Samarco disaster in Brazil took their toll. (more...)
Hillary Clinton Expected to Release 2015 Tax Returns Hillary Clinton Expected to Release 2015 Tax Returns
- August 17, 2016

The campaign denied that inciting violence had been the intent of Tuesday's remark , and yesterday said there had been no conversations with the Secret Service about it. Clinton meanwhile launched an open appeal Wednesday to independents and Republicans repulsed by Trump over his string of controversial statements. The campaign unveiled a new website, togetherforamerica.com, that lists dozens of Republicans and independents who back Clinton, including former director of national ... (more...)
Aetna exit means Pinal County has no marketplace health plan
- August 17, 2016

Cigna officials could not be reached for comment by early afternoon. It will continue to sell individual plans that meet the law's requirements - such as not denying coverage to people with pre-existing conditions - outside of the exchanges where it does now, the company said. (more...)
Martha's Vineyard: Obama Interrupting Vacation to Campaign for Clinton Martha's Vineyard: Obama Interrupting Vacation to Campaign for Clinton
- August 17, 2016

The fundraiser at the home of Hank and Carol Goldberg drew 60 people, each of whom paid $10,000 to attend. There is no word on what went on at this so-called "social event", but, if we had to guess, probably a little bit of the Cha-Cha Slide, a heart-to-heart with Malia Obama about how proud he is of her, and not one but two gin-and-tonics. (more...)
Judge orders protesters not to interfere with oil pipeline
- August 17, 2016

Mekasi Horinek, a Ponca, traveled from Oklahoma. Carlos Castaneda, who is Sioux and Ute, came from Denver. Nearby, as bulldozers and backhoes rumbled, tribal members from across the nation chanted prayers, burned sacred herbs and hoisted upside-down American flags. (more...)
Parsley Energy in $400-million Midland basin acquisition Parsley Energy in $400-million Midland basin acquisition
- August 17, 2016

Parsley Energy now has an average rating of "Buy" and a consensus target price of $28.76. They now have a United States dollars 29 price target on the stock. The stock's market cap is $5.92 billion. While if we look at the Earnings Track Record, Parsley Energy, Inc. Conpresently with the Equity Offering, Parsley Energy, LLC and Parsley Finance Corp., the Company's merged auxiliaries, intend to offer to qualified institutional buyers and non-U.S. (more...)
Major insurance provider cuts Obamacare plan offerings to four states in 2017
- August 17, 2016

State Insurance Commissioner Wayne Goodwin said Tuesday that health insurer Aetna's decision to drop out of the ACA marketplace came as his office was reviewing the company's request to raise premiums by about 24 percent next year. Aetna is also trying to buy Humana and is now fighting a US government lawsuit aimed at blocking the $34 billion deal. Aetna was evaluating its choices to "either fix the business or exit the business", Bertolini said then. (more...)
New Zealand Unemployment Data On Tap For Wednesday New Zealand Unemployment Data On Tap For Wednesday
- August 17, 2016

Unemployment was also down from where it was a year ago (5.5 percent in the June 2015 quarter), particularly for women, Stats NZ said. The participation rate of 69.7 percent was up from 68.8 percent in March. Fewer New Zealanders are looking for a job, but many still don't have as much work as they would like. The latest estimates are more in line with the current state of the labour force. (more...)
Merger complete in Leidos and Lockheed Martin IS&GS transaction Merger complete in Leidos and Lockheed Martin IS&GS transaction
- August 17, 2016

That may have also factored into the decline as some investors sold Lockheed shares they'd expected to exchange, said Chris Higgins, an analyst at Morningstar Inc. Most recent session's volume of 1.37 million shares lower than its average volume of 1.51 million shares. During the last trade, shares reached to high price of $14.94 and touched the low price of $14.40. (more...)