Markets


Gabon Justice Minister resigns amid presidential election protests
- September 09, 2016

He lost to President Ali Ondimba Bongo in the presidential election held on August 27, 2016, whose results were hotly disputed. "We can not accept that our people will be killed like animals without reacting", Ping wrote on Facebook. The move came just hours after Justice Minister Seraphin Moundounga , who is also a deputy prime minister, resigned late Monday, demanding "a recount of the votes, polling station by polling station, and registry by registry". (more...)
Sarah Jessica Parker Cuts Ties with EpiPen Manufacturer Mylan Sarah Jessica Parker Cuts Ties with EpiPen Manufacturer Mylan
- September 09, 2016

But a local allergist says , many patients, those on government insurance such as Medicaid or Medicare can't legally use those coupons. And consumers can now buy EpiPens directly from the company. But if patients can be insulated from the true price, they may continue to purchase the expensive product. "But I want my letter answered", he said. (more...)
What Enbridge Saw in Spectra Energy to Prompt Buy
- September 09, 2016

Protesters disrupted hearings on a proposed TransCanada Corp. pipeline in Montreal last week. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services. Brokerage firms on the average advocate the company shares as Overweight. Headquarters of the new company will be in Calgary. Al Monaco will stay on as president and chief executive officer. (more...)
Government urged to rethink floods strategy after 'Elastoplast' review Government urged to rethink floods strategy after 'Elastoplast' review
- September 09, 2016

Today it will publish the findings of the official investigation, called the Flood Resilience Review, looking at whether enough was done to protect communities and what can be done to prevent it happening again. Investment in flood defence infrastructure is a no-brainer, but the Government now has a critical window to fundamentally reassess how we deliver flood prevention and environmental protection in rural areas. (more...)
Goldman Sachs Says Fed Interest Rate Increase Is Imminent Goldman Sachs Says Fed Interest Rate Increase Is Imminent
- September 09, 2016

The New Zealand dollar NZD= rose 0.4 percent against its USA counterpart, touching its highest since May 15, 2015. Emerging-market stocks climbed 1.9 percent, with stocks from India to Brazil and Russian Federation rallying. The S&P 500 index rose 0.3 percent, holding in a narrow range in post-holiday trading. The S&P financial index.SPSY, which tends to rise with expectations for higher rates, slipped 0.2 percent, while the S&P utilities index.SPLRCU, which tends to benefit from a ... (more...)
China accused at summit of secret island building
- September 09, 2016

Turnbull said the South China Sea decision in The Hague in July - where an global tribunal upheld a complaint by the Philippines over China's aggressive actions in the region - was "a fact, it is a reality". China on Thursday said that US President Barack Obama should be neutral in Beijing's maritime disputes with its neighbours. While Philippines, Japan, Vietnam, Taiwan, Malaysia, and Brunei have expressed great concern over China's aggressiveness in the region. (more...)
Hillary Clinton chastises Donald Trump for comment on security briefing
- September 09, 2016

According to notes released from Clinton's interview with the Federal Bureau of Investigation, she said she relied on others with knowledge about handling classified files. On social media, surrogates for Clinton began mounting a sustained attack on the anchor. Trump suggested he could tell the officials briefing him were unhappy President Obama "did not follow ... (more...)
Targeted Tech Mover: Oclaro, Inc. (NASDAQ:OCLR)
- September 09, 2016

The last trading session volume compares with the 2.99M average and market worth floats around $1.24B. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Alpha One gives a daily impact score to company's stock on a scale of 1-100, which highlights the extent of movement in stock price by over 1% due to the news. (more...)
Generic EpiPen? Mylan finds one more way to game the system
- September 09, 2016

Mylan has defended EpiPen's high price, saying it spent hundreds of millions of dollars to improve the product since acquiring it in 2007. "We are determined that bypassing the brand system in this case and offering an additional alternative was the best option". (more...)
Narendra Modi meets Shinzo Abe in Laos Narendra Modi meets Shinzo Abe in Laos
- September 09, 2016

Brunei, Malaysia, the Philippines, Taiwan and Vietnam have rival claims. Its patrol vessels are responsible for most of the territorial clashes in the region, according to a study by the Centre for Strategic and International Studies. It is part of Japan's plan to forge a common front with Asean nations against China's aggressive South China Sea territorial claims. Bank of Japan policymakers disappointed at its late July meeting when they opted to leave a record 80 trillion yen annual ... (more...)
Large Cap Grocery Stores: The Kroger Co. (NYSE:KR) Large Cap Grocery Stores: The Kroger Co. (NYSE:KR)
- September 09, 2016

In an issued report on 9/7/2016 RBC Capital Markets reduced the target price of The Kroger Co . Consensus estimates from Thomson Reuters are calling for $0.45 in earnings per share (EPS) on revenue of $26.79 billion. The stock finally closed in the red at $31.66, a loss of -4.13%. A number of other research analysts also recently weighed in on the stock. The stock has been given a mean "OVERWEIGHT" rating after the consensus analysis of "25" Analysts. (more...)
Hanjin seeks funds to free stranded cargo worth $14bn
- September 09, 2016

The company's efforts to extend its debts and sell off assets came to a head last month, when creditors led by Korea Development Bank refused to approve Hanjin's restructuring plan. The U.S. court order is temporary and Hanjin will need to return to court on Friday for a final order after talks with stakeholders to try to resolve complex problems involving ports, terminal operators and retailers. (more...)
What are analysts Suggestions on: Zions Bancorporation (NASDAQ:ZION) What are analysts Suggestions on: Zions Bancorporation (NASDAQ:ZION)
- September 09, 2016

Fundamentally, the highest shorterm price forecast for the stock is expected to reach $36 and the lowest price target forecast is $24. The recent traded volume of 4.52 million shares higher than its average volume of 3.37 million shares. The Average price target is noted at $30.74, this average price is calculated and based on coming up with go through the consensus of analysts and stock's current price is placed at $30.39. (more...)
Trump, Clinton Spar Over National Security Credentials
- September 09, 2016

He told Fox News that because of the war, "The market's going to go up like a rocket". "Do you want me to start naming some of the things Obama does at the same time", Trump asked Lauer . When Hillary Clinton arrived at her brand-new campaign plane, she greeted crew members, climbed aboard and then made a surprise move: a beeline to the dozens of journalists seated in the back. (more...)
Historic Farmworker Overtime Bill Awaits Governor Brown's Nod
- September 09, 2016

This is not only untrue, but in fact California is one of the only states in the nation that provides overtime pay for agricultural workers-and our overtime laws are already the most expansive. Opponents say the seasonal nature of farm work does not lend itself to overtime and may cause cuts to hours. He signed the landmark Agricultural Labor Relations Act when he was governor from 1975 to 1983 and has frequently mentioned his personal relationship with Cesar Chavez, the late labor leader. (more...)
European Central Bank keeps interest rates unchanged for another month European Central Bank keeps interest rates unchanged for another month
- September 09, 2016

With only six months to go until the scheduled end of QE, the European Central Bank president needs to weigh signs that the region's recovery is losing momentum against increasing concern about asset scarcity. Frankfurt dipped 0.2 percent and Paris flatlined in cautious deals before the ECB's latest monetary policy announcement at 11:45 GMT. Apple (AAPL) shares plunged the day after the tech giant launched the iPhone 7 , wireless headphones and a new watch on Wednesday in a bid to turn ... (more...)
Twitter for sale? Upcoming board of directors meeting will shape company's future Twitter for sale? Upcoming board of directors meeting will shape company's future
- September 09, 2016

The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Adam Messinger sold 52,914 shares of the stock in a transaction that occurred on Monday, August 1st. During the same period in the previous year, the firm earned $0.07 EPS. Other research analysts have also recently issued reports about the company. (more...)
World stocks hit one-year highs as Fed hike prospects fade World stocks hit one-year highs as Fed hike prospects fade
- September 09, 2016

The San Francisco president had remarked last month about the necessity of a near-term rate increase, but a mixed jobs report and recent weak survey readings for the manufacturing and services sectors since then had led some investors to downgrade their expectations for an interest rate increase, at least at the FedĀ“s policy meeting on 20-21 September. (more...)
Cauvery Water Issues Affect Transport Between States - Private Vehicles Beware
- September 09, 2016

Pro-Kannada groups and farmer unions across Karnataka have called for state-wide bandh on Friday to protest Supreme Court order to release Cauvery waters to Tamil Nadu. Even as agriculture needs a serious upgrade, with the last agricultural census showing negative growth in the number and area of operational farm holdings in Tamil Nadu, rapid urbanisation and industrialisation have added to water woes. (more...)
PACCAR Inc. (NASDAQ:PCAR) , Kellogg Company (NYSE:K) PACCAR Inc. (NASDAQ:PCAR) , Kellogg Company (NYSE:K)
- September 09, 2016

Analysts' mean recommendation for PACCAR Inc.'s (PCAR) stands at 2.70. The firm has a market capitalization of $20.27 billion and a price-to-earnings ratio of 30.70. The Hedge Fund company now holds 4,130 shares of PCAR which is valued at $238,508. The Corporation has a Mean Rating of 2.33 based on the Reuters Analysts consensus issuing ratings. (more...)