Markets


Australia's major banks face US class action over rate rigging Australia's major banks face US class action over rate rigging
- August 19, 2016

Australia & New Zealand Banking Group Ltd. and National Australia Bank Ltd. both confirmed in statements that they were subject to the class action, although the other parties were not named by them. Other plaintiffs weren't immediately reachable for comment. The banks "manipulated BBSW so frequently that traders often joked about how easy it was to fix the rate", the USA claim says. (more...)
ACCC denies interim authorisation of Aussie banks' contest with Apple ACCC denies interim authorisation of Aussie banks' contest with Apple
- August 19, 2016

The Australian Settlements (ASL) has issued a statement on the public register, strongly encouraging the ACCC to grant authorisation to the applicants and ASL and that many of its members would like to join the collective bargaining and collective boycott as proposed in the application. (more...)
Non-travel Zika cases hit Miami Beach
- August 19, 2016

The prospect of it spreading to the tourism-dependent Miami Beach area is likely to further elevate concerns among health and tourism officials. Florida Department of Health officials confirmed in a statement that there were two new non-travel related cases of Zika outside the one-square mile area in Wynwood where more than two dozen other cases have been found. (more...)
Vanessa Marcotte to be laid to rest today
- August 19, 2016

Marcotte, an employee at Google's New York City office and Boston University alumna, went missing during a jog while visiting her mother in Princeton on August 7. Her body was found by a police K-9 that night. Marcotte's hands, feet and face were burned and police believe she may have been sexually assaulted. The Worcester District Attorney's Office, Massachusetts State Police and Princeton Police are working together on the investigation. (more...)
SBI Board Approves Merger Of 3 Associate Banks And BMBL SBI Board Approves Merger Of 3 Associate Banks And BMBL
- August 19, 2016

The deal involves allotting 28 shares of SBI (of Re 1 each) for every 10 shares in State Bank of Bikaner and Jaipur (Rs 10 each) and 22 shares of SBI for every 10 shares held in State Bank of Mysore and State Bank of Travancore. The merger will make SBI - already the country's largest commercial lender by assets and deposits - even larger. Individual banks have appointed merchant bankers and chartered accountants. (more...)
Soon, order liquor online in Kerala to avoid queues Soon, order liquor online in Kerala to avoid queues
- August 19, 2016

The state's present liquor policy, which comes into force at the beginning of every fiscal, was formulated by the previous Oommen Chandy government, as per which liquor is available only at two dozen five-star hotels in Kerala. Onam is the year's biggest season in terms of the sale of liquor in the state. "Online sale of liquor is not legally tenable". Excise Minister T P Ramakrishnan said liquor consumers deserve better treatment. (more...)
Syrian Boy Bewildered And Bloody After Aleppo Airstrike Goes Viral
- August 19, 2016

The family's apartment building, all but destroyed by the aerial bombing, collapsed shortly after they were pulled from it. The five-year-old Omran Daqneesh can be seen sitting stunned at the back of the ambulance. A man is seen in the video plucking the boy away from a scene of nighttime chaos and carrying him into the ambulance. At one point he reaches up, touches the blood, looks at it briefly, and then ashamedly rubs his hand on the seat beside him, desperate to rid himself of the ... (more...)
Oil stays above United States dollars 46 as market ponders output freeze calls Oil stays above United States dollars 46 as market ponders output freeze calls
- August 19, 2016

Both crude oil benchmarks were trading notably higher again, as they extended their impressive rally, while top oil producers prepared to talk about a potential production cut. Production for the period climbed to an average 10.29 million barrels a day from 10.14 million barrels a day. "We are cooperating in the framework of consultations regarding the oil market with OPEC countries and producers from outside the organization, and are determined to continue dialogue to achieve market ... (more...)
Hormel Surprises To The Upside With Q3 Results, Guidance Hormel Surprises To The Upside With Q3 Results, Guidance
- August 19, 2016

They now have a United States dollars 34 price target on the stock. The Return on Equity now counts at 19.10%. Hormel Foods Corp . boosted its outlook for the year again as revenue and profit rose, thanks to the continued strength of its Spam and Skippy products. (more...)
Analysts Set $78.545 Price Target For Magellan Midstream Partners LP (NYSE:MMP) Analysts Set $78.545 Price Target For Magellan Midstream Partners LP (NYSE:MMP)
- August 19, 2016

Summit Midstream Partners ( NYSE:SMLP ) traded up 1.77% on Thursday, reaching $24.12. The company had a trading volume of 28,688 shares. The company has a current market capitalization of $5,532 M and it has 17,73,17,440 shares in outstanding. (more...)
Plains GP Holdings LP (PAGP) Upgraded to Buy by Zacks Investment Research
- August 19, 2016

This is a proprietary weighted technical model built by Capital Market Labs (CML). Plains All American Pipeline even cut its distributions by 21% to facilitate what it calls the "simplification process". Regions Financial Corp (NYSE:RF) now has mean rating of 2.4 while 6 analyst have recommended the shares as "BUY", 7 commented as "OUTPERFORM" and 16 commented as "HOLD". (more...)
Hilton Worldwide Holdings Incorporated (NYSE:HLT) Short Interest Decreased By 17.15%
- August 19, 2016

The latest trading activity showed that the Hilton Worldwide Holdings Inc price went down -6.69% from its 52-week low and trades up 51.23% versus its 52-week high. Hilton Worldwide Holdings Inc (NYSE:HLT) remained bearish with a decrease -0.08% putting the price on the $24.28 per share in last trading session ended on 8/17/2016. (more...)
Analysts At Liberum Capital Reiterated Premier Oil PLC (LON:PMO) As Buy Analysts At Liberum Capital Reiterated Premier Oil PLC (LON:PMO) As Buy
- August 19, 2016

Durrant said next year's average daily production could be about 10 Mbbl higher, as Premier's US$1.8 billion North Sea Catcher project comes onstream in 2017. Premier Oil's shares rose more than 2%. They have risen more than 60 percent since the start of the year, compared with a 9 percent rise in the oil and gas company index over the same period. (more...)
Dollar hits almost 8-week low against euro day after Fed minutes Dollar hits almost 8-week low against euro day after Fed minutes
- August 19, 2016

On the oil front, U.S. crude rose 0.45% to settle at $46.79 a barrel, after Energy Information Administration data showed oil inventories decreased by 2.5 million barrels last week. Sales at stores open at least a year fell 1.1 percent, reversing seven straight quarters of gains. The euro strengthened to $1.1314 from $1.1298. Cree shares slumped $3.98, or 14.5 percent, to $23.50. (more...)
Kinder Morgan (KMI) Shares are Up 3.49%
- August 19, 2016

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. The difference between the expected and actual EPS was $0.12/share, which represents an Earnings surprise of 8.4%. The stock's price moved down its 200-day moving average of $42.49. The Market Capitalization of the company stands at 236.44 Billion. Morgan Stanley has a one year low of $21.16 and a one year high of $37.00. (more...)
Infliximab Biosimilar May Launch In October; J&J To Appeal Patent Ruling Infliximab Biosimilar May Launch In October; J&J To Appeal Patent Ruling
- August 19, 2016

Celltrion's Remsima, also known as Inflectra, is a biosimilar drug referencing Remicade, J&J's blockbuster drug which racked up some $6.6 billion in worldwide sales a year ago. J&J said it will appeal, which means Celltrion may have to wait longer for the final definitive ruling. New York-based Pfizer is seeking a big slice of that pie after having won U.S. (more...)
Texas man contracts Zika after traveling to Miami
- August 19, 2016

The virus is usually spread from the bite of infected mosquitoes or through sexual contact with a recently infected person . Miami-Dade has the greatest number of Zika cases statewide, with 136 infections picked up by people traveling to areas with active Zika transmission. (more...)
"Lazy" Bolt surprised by De Grasse
- August 19, 2016

The pair of them went head to head in the semi-final, with De Grasse achieving a new personal best and national record of 19.80 as they both crossed the line laughing as he showed no signs of slowing down to push Bolt all the way. Also qualifying for the final are Panama's Alonso Edward , Briton Adam Gemeili, Azerbai-born Turk Ramil Guliyev and European champion Churandy Martina of the Netherlands. (more...)
Registration Deadline for State Primary Election is Friday Registration Deadline for State Primary Election is Friday
- August 19, 2016

Persons who are USA citizens, residents of MA, and who will be at least 18 years old on or before the state primary are eligible to register to vote. Voter registration forms must be postmarked or filed in person by Friday for the September 13 primaries, when political parties will pick their candidates for a variety of state legislative and local offices. (more...)
American Swimmers To Discuss Robbery Incident With Brazilian Authorities
- August 19, 2016

Lochte said that one of the men "pointed the gun in my direction and cocked it", Lauer said. Veloso said it's up to the courts, but as far as he's concerned the athletes should be able to leave the country. Lochte's attorney, Jeff Ostrow, previously said there is no question the robbery occurred. "When anybody goes out into another country to represent our country - and Olympians are part of that representation - they shouldn't be out on the streets at 4 a.m., drinking and carousing, and I ... (more...)

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