Markets


Com to shut down next week
- August 19, 2016

Gawker.com is part of Gawker Media, a larger company that was sold to Univision earlier this week, pending approval by a bankruptcy court. Oxford University-educated Denton started Gawker.com out of his NY apartment in 2002 with the stated mission of putting "truths on the internet". (more...)
Gap offers muted outlook for annual profit Gap offers muted outlook for annual profit
- August 19, 2016

Peck said in a statement that during the quarter the company took "critical steps" on its restructuring plans and on building a more efficient brand with more growth potential. Excluding items, the company earned 60 cents per share, beating the average analyst estimate of 59 cents, according to Thomson Reuters I/B/E/S. Net sales were unchanged from the US$3.85 billion the company provided on August 8. (more...)
NC, Congress join Opp for political dialogue with Pakistan over Kashmir NC, Congress join Opp for political dialogue with Pakistan over Kashmir
- August 19, 2016

On Indian Prime Minister's statement, Zehri said that there was a huge difference between the situation in Kashmir and Balochistan. Paksitan welcomes "any UN team that the UN High Commissioner for Human Rights may wish to send to AJK (Azad Jammu and Kashmir)" Zakaria told a weekly news briefing. (more...)
Qv Investors buys $26284216 stake in Staples (SPLS)
- August 19, 2016

The average numbers of shares are traded in a security per day, during the recent 3-month period. They now have a United States dollars 14 price target on the stock. Morgan Stanley reaffirmed a "hold" rating on shares of Staples in a research note on Wednesday, May 18th. 03/07/2016 - Staples, Inc. had its "hold" rating reiterated by analysts at Deutsche Bank. (more...)
Asian stocks climb on signs US rate hike off table for now
- August 19, 2016

Officials at the central bank felt near-term risks to the USA economy have diminished as job growth recovered and said another boost in interest rates might be warranted soon. "The Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation", the Fed stated. (more...)
Judge rejects settlement in Uber driver expenses case Judge rejects settlement in Uber driver expenses case
- August 19, 2016

The suits representing about 385,000 current and former drivers contend Uber should treat them as employees, rather than contractors, and seek protections including more warning before the ride-hailing firm deactivates its app from their smartphones and give more reasoning behind any termination. (more...)
US Fed officials divided on rate hike US Fed officials divided on rate hike
- August 19, 2016

The U.S. dollar hovered near its lowest against the euro and Swiss franc in almost eight weeks on Thursday, a day after minutes from the Federal Reserve's July meeting showed a bias among policymakers against raising interest rates soon. In light of the latest Fed minutes, market participants "are probably right to assessing a low probability a September hike (currently less than a 1-in-5 probability) since even the Q3 GDP result will not be revealed by then, nor will the FOMC have seen much ... (more...)
Asian stocks climb on hopes over rate hike Asian stocks climb on hopes over rate hike
- August 19, 2016

Benchmarks in New Zealand, Thailand and Indonesia rose while Taiwan and Singapore retreated. The Federal Reserve will release the minutes from its latest meeting Wednesday afternoon. Seoul's Kospi added 0.9 percent to 2,017.94 and Sydney's S&P-ASX 200 advanced 0.4 percent to 5,497.40. Exports sank 14 percent from a year earlier while imports plunged 25 percent in a sign of persistent weak domestic demand. (more...)
Sterling leaps against the dollar after prices hike Sterling leaps against the dollar after prices hike
- August 19, 2016

The year-on-year core CPI increased 2.2% after rising 2.3% in June. It was the first time in five months the consumer-price index failed to advance and followed a 0.2 per cent gain in June, Labour Department figures showed Tuesday in Washington. (more...)
Uber rolling out self-driving cars in Pittsburgh
- August 19, 2016

Uber chief executive Travis Kalanick said the company shares Volvo's objectives. However, until regulations change, a human will be in the driver's seat to supervise the vehicle at all times . " Uber is doing the same thing many companies have been doing", Bryant Walker Smith, an engineering professor at the University of SC, told the NewsHour. (more...)
Trump doesn't need a tax cut: Clinton
- August 19, 2016

We searched debate transcripts and a variety of websites for any specific promises by Trump or Bush to shield the middle class from tax hikes, but we came up empty. As for Clinton , 31% believe that she would make a "good or great" president, while 22% believe she would be average and 45% believe she would be a poor (12%) or bad (33%) president. (more...)
Valeant's quarterly revenue falls 11 percent Valeant's quarterly revenue falls 11 percent
- August 19, 2016

In a report issued on August 3, Morgan Stanley analyst David Risinger maintained a Hold rating on VRX, with a price target of $33, which implies an upside of 47.0% from current levels. The company's 2QFY16 Net Income translated into earning of $1.40 per share during the second quarter of 2016. Atlantic Trust Group LLC raised its position in shares of Valeant Pharmaceuticals International by 79.7% in the fourth quarter. (more...)
French Unemployment Rate Drops to Lowest in Almost Four Years French Unemployment Rate Drops to Lowest in Almost Four Years
- August 19, 2016

The French statistics body INSEE said unemployment on mainland France and its overseas territories fell to 9.9% in the second quarter, from 10.2% in the previous three months. Over the period, unemployment was 10 percent for men and 9.3 percent for women, down by 0.2 percent and 0.1 percent respectively. President Hollande has previously said he would not seek re-election next year unless there was a sustained fall in unemployment levels. (more...)
Clinton Steps Up Attacks on Trump
- August 19, 2016

A recent Quinnipiac Poll shows more than 90 percent of Ohioans have already decided who they're supporting for president - with Clinton slightly ahead of Trump . They can't vote yet because they're not citizens, but Trump's immigration talk concerns them. "He can hire and fire anybody he wants in his campaign", she said, referring to Mr. (more...)
Latinos Find Clinton More Trustworthy Than Trump
- August 19, 2016

Given that the US economy is growing at its slowest pace in decades and that budget deficits may begin to grow again, the USA needs a plan that at least tries to stimulate growth toward its long-run 3-percent potential while either holding annual deficits steady, or cutting them sufficiently to keep the national debt from growing further. (more...)
When Michael Phelps beat India (1900-2016) at Olympics When Michael Phelps beat India (1900-2016) at Olympics
- August 19, 2016

Biles is the reigning world champion in the floor exercise. Watching Simone Biles in her almost flawless floor routine was an object lesson in what it takes to achieve greatness. Heavy defeats in sports dominated by China in previous Olympics have left the country languishing in an unfamiliar third place in the medals table, with some predicting that Rio 2016 could see the country's worst haul since 1996. (more...)
Ross Stores Inc. (ROST) Releases Q3 Earnings Guidance Ross Stores Inc. (ROST) Releases Q3 Earnings Guidance
- August 19, 2016

Ross Stores, Inc. (NASDAQ: ROST ) now has mean rating of 2.2 while 9 analyst have recommended the shares as "BUY", 8 commented as "OUTPERFORM" and 11 commented as "HOLD". for 4.01 million shares. On Aug 15, 2016 the shares registered one year high at $63.62 and the one year low of $43.47 was seen on Nov 13, 2015. (NASDAQ:ROST). (more...)
Fed divided over next rate hike Fed divided over next rate hike
- August 19, 2016

The dollar index dipped 0.1 percent to 94.611, having lost about 0.7 percent so far this week, during which it touched a 7-week low of 94.426 on Tuesday. Exports in the world's third largest economy plunged 14% on-year, marking their tenth straight month of decline and the biggest drop since October 2009. (more...)
Canal Capital Management Lowers stake in Marathon Oil Corporation (MRO) Canal Capital Management Lowers stake in Marathon Oil Corporation (MRO)
- August 19, 2016

On May 4, 2016, it posted earnings per share at $-0.43 versus the consensus estimate of $-0.46 (positive surprise of 6.5%). Marathon Oil Corporation (NYSE:MRO) quarterly performance is 24.44% while its year to date (YTD) performance is 26.53%. (more...)
Tigers edge Red Sox, snap Boston's six-game win streak Tigers edge Red Sox, snap Boston's six-game win streak
- August 19, 2016

Dombrowski was let go in early August after almost 14 seasons as president and general manager of the Tigers. J.D. Martinez (.310, 45 Rs, 16 HRs, 45 RBIs, 1 SB) continued his strong play yesterday, going 3 for 4. It went extra innings. However, Boston got to him with three straight singles from the 2-4 hitters. Hanley Ramirez hit an RBI single for Boston in the eighth, and Betts scored on a wild pitch. (more...)

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