Markets


7 memorable quotes from the presidential forum 7 memorable quotes from the presidential forum
- September 09, 2016

The Republican also renewed his praise for Putin and his disdain for President Barack Obama, saying that the Russian enjoyed an 82 percent approval rating. Video of the incident circulated widely on the internet accompanied by wild conspiracy theories about Mrs Clinton's health, and the name "Hacking Hillary" gained popularity on social media. (more...)
Lawmakers send governor bill authorizing farmworker overtime
- September 09, 2016

Opponents said that requiring farmers to pay overtime could damage the state's agricultural economy, where workers toil up to 60 hours a week during the harvest season but can go for months without pay other times of the year. Nationally, farm workers earn an average of less than $18,000 a year, according to Farm Worker Justice . Additional coauthors are Assemblymembers David Chiu (D-San Francisco), Kansen Chu (D-Milpitas), Mike Gatto (D-Burbank), Patty Lopez (D-San Fernando), Jose Medina ... (more...)
Ford adds 1.5M vehicles to door latch recall Ford adds 1.5M vehicles to door latch recall
- September 09, 2016

The expansion of the recall would result in the company taking a $640 million adjusted pre-tax charge during the third quarter, the company said in a regulatory filing. The initial recall, issued on August 4, covered 2013 through 2015 model C-Max and Escape; 2012 through 2015 Focus; 2014 through 2016 Transit Connect, and 2015 models of the Lincoln MKC and the Mustang. (more...)
ECB holds rates, doesn't extend stimulus program ECB holds rates, doesn't extend stimulus program
- September 09, 2016

Germany has fiscal space". Following the ECB's decision to stand pat, the Euro Stoxx 50 index fell nearly 2% before rebounding. USA stock indexes edged lower in morning trading Wednesday, Sept. rate hike for the rest of the year". But its untested and often controversial unconventional measures are still seen as insufficient, so the European Central Bank is widely expected to provide even more stimulus before the end of the year as governments have for years failed to do their part to lift ... (more...)
Really worthy Stock of Yesterday- Eli Lilly and Company's (LLY) Really worthy Stock of Yesterday- Eli Lilly and Company's (LLY)
- September 09, 2016

And roundups of analyst notes show that 9 are rating the stock a buy while 7 rate LLY a strong buy. The price to current year EPS has 1.60%. The Stock now has a Weekly Volatility of 1.43% and Monthly Volatility of 1.29%. Its Director TAI JACKSON P Purchased 5,773 company shares for $464000.32, in a transaction on 2016-08-15. Shares of Big Pharmas Eli Lilly ( LLY ) and AbbVie (ABBV) were moving in opposite directions Thursday after JPMorgan upgraded one and downgraded the other. (more...)
Rowe Price opposes sale to Oracle Rowe Price opposes sale to Oracle
- September 09, 2016

The offer is conditioned on both the receipt of a majority of shares outstanding and a majority of those not held by Ellison or NetSuite insiders and employees. Rowe has been the occasional exception. Shares of Netsuite and Oracle were essentially unchanged in midday trading on Wednesday. That elevates T. (more...)
Tusk tells May 'ball in UK court' to get Brexit rolling
- September 09, 2016

May has said Britain will not trigger Article 50 of the EU's Lisbon Treaty to start the exit procedure this year to give her government time to come up with a negotiating stance for the complicated talks that will shape the country's future standing. (more...)
Yellen Hawkish, but Rate Hike Chances Still 50/50
- September 09, 2016

Yellen did not lay out a clear roadmap for what the Fed needs to see to raise rates. Wall Street will fixate on a wave of US economic data next week, crested by payrolls data on Friday that could sway expectations about the timing of future interest rate hikes and spark volatility in record-high stock prices. (more...)
Fed's Williams says United States economy in good shape, wants rate hike
- September 09, 2016

In Asia, MSCI (Frankfurt: 3HM.F - news ) 's main Asia-Pacific stock index, excluding Japan was up 0.2 percent, having earlier touched its highest since July past year. Fed officials say their independence is critical to making sound policy decisions. Yields fell as low as 1.519 percent, a three-week trough. As the Fed Reserve has repeatedly emphasized the correlation between the United States job market and the path of interest rates, this underwhelming Non-Farm Payrolls (NFP) report ... (more...)
Claims for jobless benefits fell by 4000 last week Claims for jobless benefits fell by 4000 last week
- September 09, 2016

The report said non-farm payroll employment climbed by 151,000 jobs in August after surging up by an upwardly revised 275,000 jobs in July. Analysts expected jobless claims to rise by 2,000 to 265,000 last week. Federal Reserve officials are closely monitoring the labor market as they consider whether to increase the central bank's benchmark interest rate later this month. (more...)
HPE Spinning Off Software Assets to Micro Focus
- September 09, 2016

Since the deal, Chief Executive Meg Whitman has been moving to further narrow the company's focus in a series of transactions. "To be clear both software and services are still key enablers of HPE's go forward strategy", Whitman said. He vastly expanded his company by acquiring another tech giant, spending $67 billion on the deal - the largest tech merger in history - with all debt and financing such a deal includes. (more...)
Chancellor Hammond confirms Autumn Statement date Chancellor Hammond confirms Autumn Statement date
- September 09, 2016

The Treasury chief said the date for his first autumn statement, a regular update on the government's financial plans, will be November 23. Mr Hammond's appearance at the Lords' committee, which included two former Chancellors, Alistair Darling and Norman Lamont, comes after he met with a delegation of City financiers at the Treasury on Tuesday to hear their fears about Brexit. (more...)
Wells Fargo fined $185 million for improper account openings Wells Fargo fined $185 million for improper account openings
- September 09, 2016

Wells Fargo has always been the envy of the banking industry for its ability to sell multiple products to the same customer, but regulators on Thursday said those practices went too far in some instances. The way it worked was that employees moved funds from customers' existing accounts into newly-created accounts without their knowledge or consent, regulators say. (more...)
Walgreens divests more stores awaiting FTC's Rite Aid ruling Walgreens divests more stores awaiting FTC's Rite Aid ruling
- September 09, 2016

Both Walgreens Boots and Rite Aid are engaged in talks with the FTC, which has been reviewing the deal, and Walgreens Boots said it is exploring potential divestiture remedies to address issues raised by the commission. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance Inc makes up approx 0.94% of Gratus Capital's portfolio. (more...)
Obama meets with Philippine president despite "SOB" slur
- September 08, 2016

Mr Yasay said: "They met at the holding room and they were the last persons to leave the holding room". "We have a lot of ties between the United States and the Philippines ". More than 2,000 people have been killed since June 30, when he took office after winning the presidential election on a promise to fight crime and corruption. (more...)
Donald Trump says of Hillary Clinton Donald Trump says of Hillary Clinton "she's trigger-happy and unstable"
- September 08, 2016

Clinton speaks with Today show co-anchor Matt Lauer at the NBC commander-in-chief forum , where she was grilled about her use of a personal email server while she was secretary of state. Respondents were evenly split between Clinton and Trump when asked "which presidential candidate do you believe will be better at keeping us safe?". (more...)
Rupee at over 4-mth high, up 19 paise against dlr Rupee at over 4-mth high, up 19 paise against dlr
- September 08, 2016

Forex dealers said a higher opening in domestic equity market and a weak dollar against other currencies overseas also supported the rupee . These rates were at 66.8405 and 74.8012 respectively, on September 2, 2016. The 10-year bond yield was trading at 7.098%, compared with its Friday's close of 7.118%. It is expected that the RBI will announce more bond purchases to take care of the liquidity needs in the market. (more...)
Sen. Blumenthal Calls Generic Version of EpiPen a Marketing Ploy
- September 08, 2016

Bresch is the daughter of Sen. Bresch sits at the center of a controversy involving the pharmaceutical giant drastically increasing the price of the EpiPen, a life-saving emergency allergy shot. There's now little competition for EpiPen. With little competition and many years left on the patent for the EpiPen injector, it's "highly unusual" for Mylan to come out with a generic product to essentially compete with itself, says Stephen W. (more...)
British Airways computer problem causes delays British Airways computer problem causes delays
- September 08, 2016

A number of those afflicted by delays took to social media to express how hard it was to check-in and board their flights. Passengers said airline representatives had told them the system failure had been going on for hours and was worldwide. (more...)
Turkey-backed forces may go deeper into Syria, Deputy PM says
- September 08, 2016

Ankara also wants to check the advance of US -allied Syrian Kurdish fighters in the region. "Obama wants to do some things together concerning Raqqa in particular, " he was quoted by the Hurriyet newspaper as saying. Nurettin Canikli said Turkey would supply electricity to Jarablus on Saturday followed by water supplies days later. Erdogan said his U.S. counterpart spoke of joint action against Daesh (Isis) in Syria when they met at the G20 summit in Hangzhou, China. (more...)

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