Markets


Kellogg CEO John Bryant to Retire Kellogg CEO John Bryant to Retire
- September 29, 2017

Bryant, who has been chief executive officer of the giant cereal and snack foods maker for the past seven years, has made a decision to retire and the company's board of directors has elected Steven A. "This not only includes John's accomplishments as CEO, such as continuing to transform Kellogg into a global snacks leader and significantly expanding our emerging markets business, but also as CFO and in other prior roles". (more...)
London house prices fall for first time in eight years: Nationwide London house prices fall for first time in eight years: Nationwide
- September 29, 2017

The capital found itself to be the weakest performing region in the United Kingdom for the first time since 2009. Robert Gardner, Nationwide's chief economist, said: "House price growth rates across the United Kingdom have converged in recent quarters". (more...)
Collins expresses support for GOP tax reform framework Collins expresses support for GOP tax reform framework
- September 29, 2017

One of the largest levers that Congress could pull to make this framework closer to revenue-neutral would be to only lower the corporate tax rate to 25%, which is what we're assuming, instead of the 20% in the framework. Nancy Pelosi, D-Calif., blasted the proposal as a "billionaires-first tax plan". Repeal of the Estate Tax: The plan would encourage the value and economic stability of family-owned printing companies by repealing the estate tax and generation-skipping tax. (more...)
Toshiba deal with SK consortium faces obstacles Toshiba deal with SK consortium faces obstacles
- September 29, 2017

The sale of the unit - the world's second biggest producer of NAND chips - was agreed last week after a tortuous auction process but the signing was delayed because consortium member Apple Inc demanded new terms on chip supply, sources familiar with the matter have said. (more...)
Whole Foods suffers data breach in some stores Whole Foods suffers data breach in some stores
- September 29, 2017

The company, which is owned by Amazon, says hackers got access to customers' credit card information at some of its in-store tap-rooms and restaurants. IBTimes UK has reached out to Whole Foods for comment. Whole Foods said it's working with law enforcement and a cyber forensics company to further investigate. (more...)
Manchester United faces Russian test without Fellaini Manchester United faces Russian test without Fellaini
- September 29, 2017

In a post match press conference Wednesday night, Mourinho expressed his profound pleasure for the dominant performance of his players against CSKA . But if United have been so good it's not just because players like David De Gea , Henrikh Mkhitaryan or Romelu Lukaku have been on top form. (more...)
U of I Involved In Indictment Of 4 College Basketball Coaches U of I Involved In Indictment Of 4 College Basketball Coaches
- September 29, 2017

The scheme, according to prosecutors, involved top coaches funneling student-athletes to agents and financial advisers in return for cash bribes, according to the prosecutors. Also arrested were James Gatto , Adidas' director of global sports marketing for basketball, and Merl Code , who reportedly has current or former ties to both Adidas and Nike. (more...)
Oil trader Trafigura heralds end of 'lower for longer' crude era Oil trader Trafigura heralds end of 'lower for longer' crude era
- September 29, 2017

Oil prices remain at only half their level of mid-2014. Oil prices were trading around their highest level in over two years, amid Turkey's threat to cut crude flows from Iraq's Kurdistan region following the independence referendum. The crude draw provided some support to oil prices as refiners came back online following Hurricane Harvey last month, but gasoline stocks surprisingly rose and stocks of distillates were down by less than anticipated. (more...)
Abbott Laboratories (ABT) - Barclays Maintains Rating And Raises Price Target Abbott Laboratories (ABT) - Barclays Maintains Rating And Raises Price Target
- September 29, 2017

About 677,900 shares traded. It has underperformed by 5.59% the S&P500. Therefore 61% are positive. Abbott Laboratories (NYSE: ABT); as reduce the noise on price chart, shares of firm has 20 days moving average price of 0.96% from last close price of 52.15 and act as support or resistance of price limit. (more...)
Investors Buy Walt Disney Company (The) (DIS) on Weakness Investors Buy Walt Disney Company (The) (DIS) on Weakness
- September 29, 2017

Grandfield & Dodd Llc decreased Microsoft Corp (NASDAQ:MSFT) stake by 19,026 shares to 512,570 valued at $35.33 million in 2017Q2. Zacks reduced Walt Disney Company (The) from a hold recommendation to a sell recommendation in a note on Tue, Jul 11th. (more...)
Bears-Packers game delayed by lightning storm Bears-Packers game delayed by lightning storm
- September 29, 2017

The Lambeau Field faithful obliged as CBS and NFL Network cameras panned the crowd. Almost all fans stood, but only some linked arms, according to those at Lambeau. Green Bay Packers running back Ty Montgomery suffered a chest injury in the first quarter on Thursday night against the Chicago Bears . It drew the attention of President Donald Trump, who called for those players to be fired for disrespect. (more...)
British PM Theresa May says Uber London ban disproportionate British PM Theresa May says Uber London ban disproportionate
- September 29, 2017

London mayor Sadiq Khan has asked TfL officials to "make themselves available" to meet the boss of Uber, who apologised for its "mistakes". Uber launched the search for the role weeks before Transport for London (TfL) decided not to renew the cab-hailing app's licence. (more...)
Oppenheimer Holdings Equities Analysts Lower Earnings Estimates for Wells Fargo & Company Oppenheimer Holdings Equities Analysts Lower Earnings Estimates for Wells Fargo & Company
- September 29, 2017

It has outperformed by 2.32% the S&P500. The stock of Wells Fargo & Co (NYSE: WFC ) earned "Buy" rating by Robert W. Baird on Tuesday, September 5. On average, equities analysts anticipate that Wells Fargo & will post $4.15 earnings per share for the current year. (more...)
India Inc meets Jaitley on GST India Inc meets Jaitley on GST
- September 29, 2017

UBS noted that about Rs65,000 crore of tax refunds claimed by exporters post-GST are reportedly pending, raising concerns that actual GST revenue may be lower than the Rs95,000 crore reported. Some have cut their productions also. "Filing of GST return has become nightmare for the taxpayers. We have raised the issue of compliance", he said. (more...)
USA stock market opens higher ahead of Trump tax reform USA stock market opens higher ahead of Trump tax reform
- September 29, 2017

The week's dollar rally remained largely intact despite its pre-U.S. trading pause. While there were no surprises on the decision to hold rates steady, a shift in the RBNZ's tone weighed on the Kiwi, with the Central Bank suggesting that rates will likely be on hold for the foreseeable future on the back of a weaker economic growth outlook, with slowing inflation also a concern. (more...)
James Dyson has £1 billion to clean out Tesla's electric auto James Dyson has £1 billion to clean out Tesla's electric auto
- September 29, 2017

Dyson is joining a crowded field, with manufacturers from Volkswagen and Daimler to Toyota Motor and Elon Musk 's Tesla all competing to popularise electric vehicles. He said that at the time, nobody was interested in employing Dyson's diesel exhaust capture system and the project was dropped. The UK government has already provided £16m ($20m) for the project, and has launched a competition to build a major battery manufacturing plant that could be used for the Dyson technology. (more...)
Equifax CEO To Retire After Massive Hacking Scandal Equifax CEO To Retire After Massive Hacking Scandal
- September 29, 2017

Equifax and the two other major credit monitoring firms didn't show up. Equifax said it did not fathom the breadth of information that had been stolen until shortly before issuing a public alert on September 7, triggering the wave of withering condemnations that has led to Smith's departure. (more...)
Royal Caribbean Cancels Cruise, Sends Ship On Mission To Help Puerto Rico Royal Caribbean Cancels Cruise, Sends Ship On Mission To Help Puerto Rico
- September 29, 2017

Royal Caribbean is pitching in on hurricane relief in any way it can. According to CNN , hundreds of thousands in Puerto Rico are desperate for aid after Hurricane Maria devastated the island last week. The company is sending a cruise ship to Puerto Rico to assist with hurricane relief. So far, it has helped evacuate more than 1,700 people and has promised to match donations of up to $1 million to help with Irma relief. (more...)
Pinebridge Investments LP Grows Position in Devon Energy Corporation (NYSE:DVN) Pinebridge Investments LP Grows Position in Devon Energy Corporation (NYSE:DVN)
- September 29, 2017

The Return on Equity (ROE) value stands at 49.3%. It has outperformed by 33.04% the S&P500. Park increased its stake in Heska Corp (HSKA) by 111.73% based on its latest 2017Q2 regulatory filing with the SEC. 400.45 million shares or 0.08% more from 400.14 million shares in 2017Q1 were reported. Schwab Charles Investment Management Inc. increased its position in Devon Energy Corporation by 4.7% in the second quarter. (more...)
Technical Clues For Pennsylvania Real Estate Investment Trust (PEI) Investors
- September 29, 2017

At present, 0 analysts call it Sell, while 1 think it is Hold. Therefore 27% are positive. During the last 52 weeks, the (NYSE:CRC) price has been as high as $23.42 and as low as $6.47. The firm earned "Buy" rating on Friday, July 8 by Mizuho. TD Securities maintained it with "Buy" rating and $14 target in Friday, March 3 report. (more...)