Markets


Clinton foundation to put halt to foreign and corporate donations
- August 26, 2016

The former president also said Thursday that whether Hillary Clinton wins or loses, the Clinton Foundation would end the Clinton Global Initiative , an annual gathering of global leaders, philanthropists, donors and celebrities to discuss topics of worldwide concern. (more...)
Kevin Harvick wins rain-delayed Sprint Cup race at Bristol
- August 26, 2016

The race was originally scheduled for Saturday night but was postponed by rain for its completion Sunday afternoon. While the race itself still had plenty of cautions, it lacked the excitement only seen at night. Harvick dominated the later portions of the race after Kyle Busch , who led 256 laps, had a part failure and crashed. Harvick capitalized on the misfortune of several challengers to take command then pulled away over the final 40 laps to score his second win of the season and ... (more...)
Signet Jewelers Drops 12% Following Disappointing Earnings Signet Jewelers Drops 12% Following Disappointing Earnings
- August 26, 2016

The shares fell as low as $85.19 in NY, the biggest intraday drop since June 2. Signet Jewelers presently has an average rating of "Buy" and an average target price of $136.14. Signet Jewelers Ltd . (NYSE:SIG)'s mean EPS estimate was $0.38 for the quarter ended on 10/2015, while it reported EPS of $0.33 on 11/24/2015 Before Market Open, missing the analysts' consensus estimate by -0.05 with surprise factor of 13.16%. (more...)
Rosberg won't make assumptions after Hamilton penalty
- August 26, 2016

Rosberg departed his home German Grand Prix at the end of July in a downcast mood after being soundly beaten again by Hamilton and he needs a confidence-boosting display to keep his title challenge alive. But Hamilton, who has turned the championship race on its head after winning six of the last seven grands prix, added: "It is a team sport, and we win and we lose together as a team". (more...)
Air New Zealand staff join Qantas colleagues with bonuses Air New Zealand staff join Qantas colleagues with bonuses
- August 26, 2016

Employees will also benefit from the record performance with a bonus of up to NZ$2,500 to be paid to 8,200 staff not covered by other incentive programmes. Chairman Tony Carter said the airline's staff are critical to its success. The record numbers co-incide with New Zealand recording 3.31 million short-term visitor arrivals in the year to Jun 30, up 11 per cent on the previous year. (more...)
Putin to visit Turkey for football friendly match
- August 26, 2016

Ukrainian prosecutors have filed criminal charges against almost two dozen top Russian government officials, alleging "grave" offenses committed against the nation's national security and citizens' well-being. Earlier in August Russia, which denies accusations from Kiev and North Atlantic Treaty Organisation that it supports eastern rebels with troops and equipment, said Ukraine was trying to provoke a new conflict over annexed Crimea. (more...)
Dollar slips as investors await Fed Chair speech
- August 26, 2016

US stocks drifted lower Thursday, with market attention focused on the Federal Reserve's annual meeting at Jackson Hole , Wyo. On the individual stock front, shares of drugmaker Mylan (MYL) were up more than 3% after the company responded to the controversy surrounding a sharp price hike on its EpiPen - a life-saving allergy shot - by offering consumers a rebate in the form of a savings coupon that the company says will cut the cost of the drug in half. (more...)
Best Buy surprises all over the place in second quarter Best Buy surprises all over the place in second quarter
- August 26, 2016

Its adjusted EPS from continuing operations were $0.57, up 16 percent from $0.49 in the year-ago quarter. "Our teams delivered a strong second quarter, with better-than-expected revenue and profitability in both our Domestic and worldwide businesses", said Best Buy chairman and CEO Hubert Joly. (more...)
L&G's fund arm says to vote against Sports Direct board L&G's fund arm says to vote against Sports Direct board
- August 26, 2016

However, even if Sports Direct did see non-executive directors opposed by minority shareholders, the company could hold another meeting three months later at which Mr Ashley could vote his shares in favour of their re-election. "We also fully support the statement, released today, from the Investor Forum, of which we are a member, calling for an independent review of overall governance practices". (more...)
Earnings Prediction Review: Micron Technology, Inc. (NASDAQ:MU) Earnings Prediction Review: Micron Technology, Inc. (NASDAQ:MU)
- August 26, 2016

Sumitomo Mitsui Asset Management Company LTD now owns 82,578 shares of the semiconductor manufacturer's stock worth $1,136,000 after buying an additional 598 shares during the last quarter. United States of America based company, Micron Technology , Inc.'s (MU)'s latest closing price distance was 24.32% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 13.87% and 5.46% compared with the 20 Day Moving Average. (more...)
Germany, France, Italy urge strong Europe after Brexit vote
- August 26, 2016

Germany's Angela Merkel is said to be more sympathetic to Britain's need for time to work out its future relationship with the EU. German Chancellor Angela Merkel speaks on the deck of the Italian aircraft carrier Garibaldi off Ventotene island's shores, Italy, Monday, Aug. (more...)
Turkey secures area around captured Syrian town
- August 26, 2016

US Secretary of State John Kerry told Turkish Foreign Minister Mevlut Cavusoglu on Thursday that YPG fighters were retreating to the east of the Euphrates river, a red line for Turkey, foreign ministry sources in Ankara said. Turkish army tanks and Turkish-backed Syrian fighters make their way in the Syrian border town of Jarablus as it is pictured from the Turkish town of Karkamis, in the southeastern Gaziantep province, Turkey. (more...)
Government Panel Clears GM Mustard But Hurdles Remain Government Panel Clears GM Mustard But Hurdles Remain
- August 26, 2016

India has risen in recent years to become the second-largest cotton-producing country globally, in large part thanks to Monsanto's genetically modified seeds. The Indian seed company told Reuters the proposal " alarmed us and raised serious concerns about the protection of intellectual property rights ". The report said that spokespersons for both Mahyco Monsanto and the Centre declined to comment on the matter. (more...)
Hefty ICBC rate hike averted, Stone says Hefty ICBC rate hike averted, Stone says
- August 26, 2016

He says in the past, the corporation has offset claims costs by relying on investment income but low interest rates and challenging market conditions mean that is no longer an option. And injury claims topped $2 billion for the first time in 2014 and reached $2.4 billion past year. ICBC data showed injury claims are also on the rise, along with the number of victims injured per crash. (more...)
California governor promises more climate fights
- August 26, 2016

The legislation included a requirement that a companion bill (AB 197) be passed and signed by the governor. Jackson also lauded Gov. Jerry Brown's landmark programs fighting climate change. The oil industry has lobbied hard against the legislation, which faced uncertainty since stalling in the assembly last summer. Garcia stated unequivocally that the technical language in question - which instructs the air board to "prioritize" direct emissions reductions that would benefit the communities ... (more...)
Dollar dips as investors await Yellen's Jackson Hole speech
- August 26, 2016

While a rate hike is not widely expected at the Fed's September meeting, investors will watch Yellen's language to assess whether she takes a more aggressive stance. Asian currencies were trading higher. The dollar was a tad weaker at 100.40 yen, having dipped below 100 yen in recent days. Meanwhile, the major European markets have all moved to the downside on the day. (more...)
Seaport Global Securities Weighs in on Deere & Co.'s FY2016 Earnings (DE) Seaport Global Securities Weighs in on Deere & Co.'s FY2016 Earnings (DE)
- August 26, 2016

Coming to the quarter ending on 2015-10-31, Deere & Company (NYSE:DE) recorded EPS of $1.55. The business had revenue of $6.72 billion for the quarter. A number of large investors recently made changes to their positions in the stock.