Markets


Hotels hit by hackers — Business in brief
- August 21, 2016

Hyatt , Sheraton, Marriott and Westin hotels in ten states - including Minnesota - may have been targeted by hackers for months. The number of people affected is hard to estimate, as many people used their credit cards a couple of times. It's not know if HEI is a customer of one of the recently affected POS vendors of if this is an entirely unrelated incident. Customers who notice anything out of place should contact their card issuer. (more...)
China approves Shenzhen Hong Kong stock connect China approves Shenzhen Hong Kong stock connect
- August 21, 2016

Today's joint announcement issued by the SFC and the CSRC also abolished the aggregate quota under Shanghai-Hong Kong Stock Connect with immediate effect. Hong Kong is Chinese territory but its financial system is open to foreign investors while mainland markets are sealed off from global capital flows. (more...)
Macy's plans to increase online presence while closing stores
- August 21, 2016

Macy's has 20 stores in MI, according to a fact sheet on its website , including 11 in metro Detroit. Macy's will add new vendor shops in stores and create new in-store events and experiences. Annual sales for the approximately 100 locations to be shuttered is projected at roughly $1 billion, excluding sales expected to be diverted to nearby stores. (more...)
Aetna Will Leave Kentucky Insurance Exchange
- August 21, 2016

There simply aren't enough healthy people paying for insurance and not using it to offset the cost of sick people. In June, ongoing dialogue between Aetna and the department about the exchanges turned to discussions about the potential impact of a failed deal on those markets, according to a person familiar with the situation. (more...)
Local Zika spreads to tourist hotspot Miami Beach
- August 21, 2016

Florida Governor Rick Scott announced that 5 people have been locally infected with the Zika virus in the Miami Beach area. Aerial spraying and door-to-door operations on the ground have cut mosquito populations in Wynwood by up to 90 percent, but Zika may be continuing as mosquitoes breed, said CDC director Dr. (more...)
Assam terror attack: CM Sonowal to visit Kokrajhar today
- August 21, 2016

Speaking to the media after visiting the site of the attack, Sarbananda Sonowal stated that his government is committed to protecting the life and property of the people of Assam, adding that he would not compromise with anyone in this regard. (more...)
Fed has limited room to manoeuvre on interest rate hikes - Kaplan
- August 21, 2016

The Dow Jones industrial average.DJI fell 45.13 points, or 0.24 percent, to 18,552.57, the S&P 500.SPX lost 3.15 points, or 0.14 percent, to 2,183.87 and the Nasdaq Composite.IXIC dropped 1.77 points, or 0.03 percent, to 5,238.38. All major sectors in Europe were in the red. MSCI's broadest index of Asia-Pacific shares outside Japan.MIAPJ0000PUS pulled back 0.6 percent. USA industrial production increased 0.7 percent in July, beating market expectations of a 0.3-percent gain, after moving ... (more...)
Obamacare Quitter Aetna Warned Justice Department
- August 21, 2016

Haislmaier says that Aetna's exit is one reason to believe the insurance market is headed to a place where there will only be one or two insurers operating in every state. The exchanges are available in all states to allow people to shop for federally required health coverage. Aetna has said it has been swamped with higher than expected costs, particularly from pricey specialty drugs. (more...)
Global stocks fall as investors take profits
- August 21, 2016

Australian shares .AXJO closed 0.3 percent higher, recording a 0.1 percent decline for the week. China's CSI 300 index and the Shanghai Composite slid about 0.4 per cent, but were still up 1.7 per cent and 1.4 per cent for the week, respectively, on hopes the government will roll out more stimulus to meet economic growth targets. (more...)
Delta Hit By Computer Outage, Flights Delayed Worldwide
- August 21, 2016

Tracking service FlightStats Inc. counted more than 2,400 delayed flights. Baggage tags are seen near a counter of Delta Air Lines in Mexico City, Mexico, August 8, 2016. It caused a loss of power and key systems and equipment did not switch over to backups as designed. "The Delta team is working very, very hard to restore and get these systems back as quickly as possible", Bastian said. (more...)
Fight Breaks Out During Rams First Preseason Game
- August 21, 2016

Just as it did when he last put it on in 1994, the hat fit nice and snug again on Saturday morning when Fred Sr. and his boys woke up, tossed on their Goff, Gurley and Dickerson jerseys, and made the four-and-a-half hour trek from Northern California to welcome their team back home. (more...)
North Dakota pipeline project paused amid legal problems, protests North Dakota pipeline project paused amid legal problems, protests
- August 21, 2016

The company said the pipeline would include safeguards such as leak detection equipment, and workers monitoring the pipeline remotely in Texas could close block valves on it within three minutes if a breach is detected. Numerous protesters have broadcast their messages on social media in an open call to other tribes to join in. "They reached out and a lot of the tribes have answered", said Darla LaPointe, Chairwoman for the Winnebago Tribe of Nebraska. (more...)
Wal-Mart profit beats expectations, stock rises
- August 21, 2016

The funding is the largest ever for ecobee, and is also the single largest investment made by the $100 million Amazon Alexa Fund, according to a press release. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . The Hedge Fund company now holds 1,361,694 shares of WMT which is valued at $99,839,404. (more...)
USA Women Win Sixth Consecutive Olympic Basketball Gold Medal
- August 21, 2016

The surest bet at these Olympics retained a gold medal that's become an American birthright with an overwhelming 101-72 win over Spain on Saturday afternoon. They did, and the gold medal game was just like the rest of this tournament, all about the U.S. The U.S. won all eight games by an average margin of 37.3 points in Rio. (more...)
Trump insider resigns after ties to pro-Russian forces exposed
- August 21, 2016

Manafort deserves credit for making needed important campaign changes, Schlapp said , but "this is go time ". The former party member, Vitaly A. Trump , in a statement , praised Manafort's work on the campaign and called him a "true professional". Earlier on Friday, a Ukrainian lawmaker offered more details of what he said were records of cash payments allocated to Manafort by Yanukovich's party. (more...)
Wal-Mart (WMT) Touches 52-Week High on Strong Q2 Results
- August 21, 2016

Wal-Mart Stores Inc. (NYSE:WMT) closed 12.73% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. (more...)
U.S. Women Win Water Polo Gold Medal, Repeating As Champions
- August 21, 2016

One of the four U.S. players who also won gold at London 2012, Courtney Mathewson opened the scoring before Federica Radicchi levelled for Italians, who then struggled to subdue the powerful United States attack. "We could", goaltender Ashleigh Johnson said. Russian Federation captured bronze after a dramatic penalty shoot-out victory over Hungary - who were fourth for the third straight Games. (more...)
Closures on Yellowstone River, waterways continue
- August 21, 2016

Brown trout (a) and rainbow trout (b) showing clinical signs of proliferative kidney disease: renal hypertrophy (RH) and splenomegaly (S). According to them, it could affect the region's sizable outdoor industry baldly as it all depends on summer season. (more...)
Here's The Growth Forecast For Community Health Systems, Inc. (NYSE:CYH)
- August 21, 2016

After $0.09 actual earnings per share reported by Community Health Systems for the previous quarter, Wall Street now forecasts 400.00% EPS growth. (NYSE:CYH) are -7.62%; -14.5% for the month; -13.49% for the last quarter; -8.34% for the past six-months; and -77.06% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. (more...)
Aetna to cut almost 70 percent of 'Obamacare' footprint in 2017
- August 21, 2016

The latter is among more than a dozen nonprofit insurance co-ops created by the federal health care law to shut down. Next year, some states, including Alaska and Oklahoma, will be left with only a single provider selling coverage to individuals. (more...)

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