Markets


Two planes carrying five people collide mid-air in Alaska
- September 02, 2016

The collision involved a Hageland Aviation Cessna 208 Caravan carrying three people and a Renfro's Alaska Adventures Piper PA-18 Super Cub with two people inside, said Candis A. Around noon, the National Guard dispatched a Black Hawk helicopter carrying two flight medics from Bethel to the crash site. A Renfro employee said the company was not immediately releasing information. (more...)
Ex-Air China worker charged by USA for smuggling for Chinese military Ex-Air China worker charged by USA for smuggling for Chinese military
- September 02, 2016

US prosecutors have dismissed as "inflammatory nonsense" a Macau billionaire's claims that he is being prosecuted in connection with a U.N. bribery scheme for geopolitical reasons to slow China's influence over developing nations. She pleaded not guilty. In return, Lin received duty-free gifts including Apple electronic devices and expensive liquor in violation of NY tax law, according to prosecutors. (more...)
Meet Michel Temer, Brazil's new President - of Lebanese origin Meet Michel Temer, Brazil's new President - of Lebanese origin
- September 02, 2016

Michel Temer (center) is surrounded by senators as he arrives to take the presidential oath at the National Congress. Temer h. Following the Senate's decision, Temer promised to set Brazil's economy back in motion and to take strict measures with the objective of raising the country's credit rating after it was lowered past year. (more...)
Texas Attorney General Paxton sues county over gun ban Texas Attorney General Paxton sues county over gun ban
- September 02, 2016

Second Amendment rights continue to spark debate. Paxton filed the suit Tuesday against Waller County, just a month after he sued the city of Austin over a gun ban at city hall. I will give him this, though: Paxton isn't demanding that Waller County do anything he isn't willing to do (except, you know, obey the law). Paxton's lawsuit was based on a complaint by Waller County resident Terry Holcomb Jr., who was not allowed to bring his gun into the county building in May. (more...)
Canada's manufacturing growth cools in August on weak demand
- September 02, 2016

The FTSE 100 is up around 10 percent so far in 2016, although the US dollar value of United Kingdom shares has been impacted by a drop in sterling in the immediate aftermath of June's Brexit vote for Britain to quit the EU. Moreover, the latest reading was the highest recorded since February. "In the short term at least, a more positive outlook from businesses and consumers will help grease the wheels of the economy - spurring spending and investment". (more...)
Dana White UFC 202 Post-Fight Interview
- September 02, 2016

Even though his last two fights have come against Diaz at 170 pounds, McGregor remains the UFC featherweight champion. "I'm not surprised, the king is back", said McGregor. It was a insane back and forth fight and just what the UFC needed to keep their rivalry going. They traded punches again in the fifth, and neither gained an edge until the final 10 seconds, when Diaz secured a trip and landed a few final shots from on top before the bell rang. (more...)
Crude oil futures down at Rs 3116 per barrel Crude oil futures down at Rs 3116 per barrel
- September 02, 2016

While Iran supports action to stabilize the market, it won't participate in a freeze in output before regaining its pre-sanctions share of OPEC production, state-run news service Shana reported Friday, citing Oil Minister Bijan Namdar Zanganeh. (more...)
Stock futures flat as investors await more clues from Fed Stock futures flat as investors await more clues from Fed
- September 02, 2016

Non-farm payrolls data due on Friday is seen as a key measure of the strength of the USA labour market, and could reinforce hawkish messages from Yellen and other Fed officials. Benchmark 10-year U.S. Treasury yields US10YT=RR were last at 1.565 percent, roughly unchanged from late Monday. Higher-yielding, or riskier, currencies were also hit, with South Korea's won losing one percent and the Indonesian rupiah off 0.5 percent, while Malaysia's ringgit shed 0.7 percent. (more...)
United States stocks higher as Yellen indicates rate hike soon
- September 02, 2016

Rupee movement against the dollar, crude oil price movements, manufacturing data and the performance of monsoon rains may influence trading sentiment as the week progresses. Combined with the 0.8 per cent growth pace in the first quarter, the world's largest economy grew 1 per cent in the first half of this year. "That is very anemic". (more...)
Seagate Technology PLC (NASDAQ: STX) Stock Gets Upgrade at Zacks Investment Research
- September 02, 2016

The company has a 50-day moving average of $31.72 and a 200 day moving average of $28.39. It has already reported its earnings for the quarter that ended on 2016-06-30 as $0.69. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. (more...)
Eurozone Manufacturing Growth Slows to Three-Month Low in August (INDEXDJX:.DJI)
- September 02, 2016

A reading above 50 indicates expansion. Friday's YouGov research, conducted with the Centre for Economics & Business Research, shows that the business confidence index surged back to 109.7 in August, meaning it has made up more than half of the loss endured in the aftermath of the Brexit vote. (more...)
Rigel Pharmaceuticals, Inc. 237.4% Potential Upside Now Implied by Piper Jaffray Rigel Pharmaceuticals, Inc. 237.4% Potential Upside Now Implied by Piper Jaffray
- September 02, 2016

Rigel now has a Zacks Rank #3 (Hold). Finally, Jefferies Group reiterated a buy rating and set a $8.00 price target (down previously from $10.00) on shares of Rigel Pharmaceuticals in a research report on Monday, May 16th. The company's expenses rose to $22.3 million from $19.2 million in the year-ago period. The stock is now trading at Distance from 20-Day simple moving Average of 16.69% whereas, Distance from 50-Day Simple moving average is 33.8 Percent and Distance from 200-Day Simple ... (more...)
Nigeria in recession with 'record' low foreign investment Nigeria in recession with 'record' low foreign investment
- September 02, 2016

In the decades following the discovery of vast crude oil deposits in Nigeria, the country's economy had come to be nearly completely dependent on the receipts from the sale of crude oil, even as economic experts repeatedly warned of the dangers of tying the fortunes of the economy to a single export commodity. (more...)
HP Enterprise in talks to sell software unit to Thoma Bravo HP Enterprise in talks to sell software unit to Thoma Bravo
- September 02, 2016

While looking at the Stock's Performance, Hewlett Packard Enterprise Company now shows a Weekly Performance of -1.6%, where Monthly Performance is 2.37%, Quarterly performance is 18.34%, 6 Months performance is 56.28% and yearly performance percentage is 0%. (more...)
Snack-maker Mondelez drops bid to merge with Hershey's Snack-maker Mondelez drops bid to merge with Hershey's
- September 02, 2016

Hershey slumped 11 per cent and Mondelez rose 4 per cent Tuesday after Mondelez , which makes Oreo cookies and other products, said it would no longer pursue a combination with Hershey . Mondelez made a roughly $23 billion bid for Hershey in June in an effort to create the world's largest candy maker, an offer Hershey's board unanimously rejected. (more...)
Ecuador condemns Brazil's Rousseff impeachment Ecuador condemns Brazil's Rousseff impeachment
- September 02, 2016

Rousseff, from the leftist Workers' Party, denied having done anything illegal and claimed to be the victim of a right-wing coup d'etat. The vote is expected later Wednesday. The process has taken its time, with congressional debates starting back in December and Rousseff being suspended by the Senate by a vote of 55 to 22 on May 12 after a marathon 21 hour session. (more...)
Kokomo, Hamilton Heights football players aiding in tornado relief
- September 02, 2016

Tens of thousands of people were left without power, and Goodnight said that a major focus now is working on repairing damaged lines and restoring power. The strongest was an EF3 tornado with winds estimated as high as 152 miles per hour that damaged at least 1,000 homes and businesses in Kokomo. But no one was injured at the apartments, he said, adding: "So, I guess we're all blessed at the Park Place". (more...)
Dollar on defensive after manufacturing disappoints ahead of jobs data Dollar on defensive after manufacturing disappoints ahead of jobs data
- September 02, 2016

Shorter-dated Treasuries, which are more sensitive to the outlook for monetary policy, outperformed longer-maturity securities. The UK's economic confidence index rose to 104.0 in August from 102.6 in July, but remained well below the levels seen in the months leading up to the June 23 European Union referendum. (more...)
Manchin Connection Shouldn't Affect EpiPen Investigation — Blumenthal Manchin Connection Shouldn't Affect EpiPen Investigation — Blumenthal
- September 02, 2016

Donnelly, a pharmacist living near Minneapolis, Minn. "We do not wish to make Teva's problems Mylan's problems, or to inflict them on Mylan's shareholders and other stakeholders", he wrote . She is a co-chair of the Congressional Kids Safety Caucus. Mylan didn't just say "no", but "hell no", and Coury blasted Teva's management and culture in a public letter to Teva's chairman. (more...)
Oracle Corp. (ORCL) Receives "Positive" Rating from Jefferies Group
- September 02, 2016

Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Oracle Corporation (NYSE: ORCL ). The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by $0.01. (more...)

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