Markets


Professional Advisory Services Inc. Purchases 9863 Shares of U.S. Bancorp (USB)
- September 01, 2016

Bancorp shares owned while 406 reduced positions. According to the Last Earnings Report, Transocean Ltd. reported Actual EPS of $0.17/Share whereas, the Analyst Estimated EPS was $-0.01/share. The company presently has a consensus rating of "Hold" and an average price target of $45.42. The shares of U.S. Bancorp now represents 6.65 Percent Distance from 200-Day simple Moving Average. (more...)
Tumbles After Mondelez Deal Scrapped
- September 01, 2016

Hershey shares plummeted by 11.4% in late-hours trading - down to $99 (£76) - while shares in Mondelēz rose by almost 4%. Shares of Hershey tumbled nearly 12 percent in after-hours trading, while those of Mondelez gained about 3 percent. (more...)
South Korean cargo ship sits off Prince Rupert after company's financial woes South Korean cargo ship sits off Prince Rupert after company's financial woes
- September 01, 2016

Employees at freight forwarding and trucking companies said Hanjin gave them the news by email Wednesday. A Hyundai Merchant Marine spokesman told Reuters nothing had been decided about the potential acquisition of Hanjin assets and that the firm will hold talks with KDB. (more...)
Asian stocks rise with European futures as Fed bets buoy dollar Asian stocks rise with European futures as Fed bets buoy dollar
- September 01, 2016

The data, which beat economists' expectations for a dip to 97.0 according to a Reuters poll, stoked expectations that the Fed could raise rates this year after top Fed officials have said recently that such a move was possible. The S&P 500 fell 0.2 percent at 4 p.m.in NY. Financials was the best performer on the S&P 500 , with Wells Fargo (WFC.N) up 2.2%. The Nasdaq Composite .IXIC was down 16.63 points, or 0.32 percent, at 5,215.69. (more...)
Dollar hits one-month high vs yen on Fed rate hike bets Dollar hits one-month high vs yen on Fed rate hike bets
- September 01, 2016

The dollar index, which measures the currency against a basket of six majors, rose as high as to 96.255, its highest level since August 9, before falling back to 96.066. Europe's broad FTSEurofirst 300 index was last up 0.63 per cent, at 1,358.88. New Zealand's two-year swap rate rose 2 basis points to 1.98 percent and 10-year swaps rose 1 basis point to 2.38 percent. (more...)
EpiPen Maker Lowers Price After Outrage
- September 01, 2016

A lot of people, including children, need EpiPens in case they get stung by a bee or have another allergic reaction that could be deadly in some cases. I've never seen that happen. A spokeswoman for Mylan emailed a written statement from the company to CNN. However, he added, "discounts for selected customers without lowering the overall price of EpiPens are insufficient, because the excessive price will likely be passed on through higher insurance premiums". (more...)
French court reverses Cannes burkini ban saying it 'infringes personal freedom' French court reverses Cannes burkini ban saying it 'infringes personal freedom'
- September 01, 2016

A ban on the "burkini" in the French town of Cannes has been overturned by a court. Amid the bitter row about France's burkini bans , French Prime Minister Manuel Valls suggested on Monday that "naked breasts" are the representation of women's rights in France , rather than Muslim headscarves. (more...)
News site Gawker.com to shut down next week
- September 01, 2016

Hulk Hogan's $140 (£106) million lawsuit against Gawker Media , has forced the company to accept a buyout during its bankruptcy negotiations and now the site that ran the story which started this whole mess, Gawker .com, is shutting down for good. (more...)
Tim Hortons plans to open stores in Great Britain Tim Hortons plans to open stores in Great Britain
- September 01, 2016

The move into Europe comes after Tim Hortons, which has outlets in Canada, the United States and the Middle East, said last month that it would enter Asia by opening its first outlet in the Philippines. RBI, the parent company of Tim Hortons and Burger King, is looking to grow Tim Hortons globally. The chain was founded in 1964 by hockey player Tim Horton. (more...)
California farmworkers on edge over historic overtime bill
- September 01, 2016

Two-thirds of USA fruits and nuts and one-third of vegetables come from California, so higher labor costs could mean higher food bills no matter where you live in the country. "Under current law, we are sending a message to our farmworkers that they are different (from) other workers, that their work is less valuable than other workers". (more...)
Wells Fargo, Amazon end deal to offer discounted student loans Wells Fargo, Amazon end deal to offer discounted student loans
- September 01, 2016

Current price places the company's stock -1.2% away from its 200-day simple moving average, 2.03%, away from the 50-day average and also 0.52% away from 20-day average. Wells Fargo & Company ( WFC ) said recently that Chief Financial Officer John Shrewsberry will present at the Barclays 2016 Global Financial Services Conference to be held in NY on Tuesday, September 13, at 8:15 a.m. (more...)
How all regions in Britain are getting richer — MAP How all regions in Britain are getting richer — MAP
- September 01, 2016

The latest Prosperity Index from Barclays found a boost in average earnings, house prices and the north's GDP had lifted the region. There are now 690,000 people in the United Kingdom who are worth at least seven figures, this is the equivalent of one in every 67 people being a millionaire. (more...)
Crude Oil Prices Hit by Storm & Oversupply Crude Oil Prices Hit by Storm & Oversupply
- September 01, 2016

Gasoline inventories fell by 700,000 barrels, while experts from Bloomberg predicted a more significant decline of 1 million barrels and the API a decline of 1.6 million. Therefore, if the dollar were to appreciate significantly now as a result of further improvement in US data and a resulting rate rise from the Fed, crude oil may not necessarily go in the opposite direction. (more...)
Russia says it killed IS leader Adnani in Syria
- September 01, 2016

Russia's Defence Ministry says its airstrike killed the Islamic State group's spokesman and chief strategist. On Wednesday, the Russian Defense Ministry said it killed Adnani and 40 other fighters with an airstrike carried out by an Su-34 bomber in the town of Maaratat-Umm Khaush in Aleppo province. (more...)
Louise crumbles under pressure of biscuit week in Great British Bake Off Louise crumbles under pressure of biscuit week in Great British Bake Off
- September 01, 2016

Sue Perkins will not be appearing on this week's episode of The Great British Bake Off . The Great British Bake Off airs Wednesdays at 8pm on BBC One. Val Stones' creation also collapsed and she admitted afterwards she thought that would spell the end of her time on the show. "A lot of that goes to Mel and Sue - if you could hear what they say off camera you would laugh even more". (more...)
Foreign Investors Bringing Rs 10 Crore Eligible For Residency Foreign Investors Bringing Rs 10 Crore Eligible For Residency
- September 01, 2016

Foreigners investing 100 million rupees (S$2 million) over 18 months, or 250 million rupees over three years, would be eligible to live in India for 10 years under the Home Ministry proposal, people with knowledge of the matter had said earlier. (more...)
Yellen: Case for rate rise strengthened
- September 01, 2016

PROFIT PICTURE: Earnings per share for companies in the S&P 500 index are expected to fall 1.8 percent in the second quarter, according to S&P Global Market Intelligence. She said solid growth in household spending had led to an expansion of the U.S. economy. "Anything that's not going to be straight-out dovish is going to be disappointing", she said. (more...)
United States dollar slips on mixed data
- September 01, 2016

Silver was down 0.6 percent at $18.74 an ounce, having hit a two-month low of $18.36 in the previous session. Fed Chair Janet Yellen said on Friday the case for higher rates was strengthening, though she gave little clarity on the timing of a move. (more...)
Mattel's American Girl to Be Sold at Toys 'R' Us
- September 01, 2016

American Girl shop-in-shops will then debut in 97 stores across the country in late October, with additional locations slated to open in 2017. Those are the dolls whose characters come from a variety of historical periods. That line includes five dolls that will also be depicted in an animated series that will be available online this fall. Mattel said it will be the first time the Truly Me dolls have been sold at a US retailer outside of its own stores. (more...)
Florida voters approve expanded tax breaks on solar energy equipment
- September 01, 2016

Primary-election voters Tuesday approved the expansion of a renewable-energy tax break that backers say will help businesses and spark the expanded use of solar energy in Florida. The amendment also removes Florida's " tangible personal property tax ", which taxes solar equipment installed on properties. Amendment 1 would establish a constitutional right for consumers to own or lease solar equipment for generating power, but also ensure that governments retain the power to ensure that the ... (more...)

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