Markets


Tropical system loses strength as heat returns to Midlands
- September 10, 2016

It's expected to become a hurricane later today, the season's second after Alex formed in January earlier this year. The National Hurricane Center said at 11 p.m. As of Friday morning, Tropical Storm Gaston was located about 980 nautical miles east-northwest of the Leeward Islands, according to the National Hurricane Center . (more...)
Hanjin Bankruptcy: S Korea Throws Lifeline To Shipping Firm Hanjin Bankruptcy: S Korea Throws Lifeline To Shipping Firm
- September 10, 2016

Hanjin is now the largest shipping company in Korea, operating approximately 60 regular lines world-wide, with 140 container or bulk vessels, court papers said. Target Corp. said it is watching the situation closely and Wal-Mart said it is waiting for details about Hanjin's bankruptcy proceedings and the implications to its merchandise before it could assess the effect. (more...)
Tropical Storm Hermine has formed in Gulf of Mexico Tropical Storm Hermine has formed in Gulf of Mexico
- September 10, 2016

Pasco County Fire Rescue and sheriff's deputies used high-water vehicles early Friday to rescue people from rising water. The season officially ends in late November. The storm is not expected to make landfall after it leaves Florida, however. Tropical Depression 9 , about 400 miles south southwest of Apalachicola, Fla., has maximum sustained winds of 35 mph and is moving north at a speed of 2 mph. (more...)
Korean shipping and health care
- September 10, 2016

During a hearing Friday morning, Hanjin bankruptcy lawyer Ilana Volkov told Judge John Sherwood of the U.S. Bankruptcy Court in Newark, N.J., that the company now has the funding and legal permission necessary to offload four ships bound for U.S. (more...)
Air travellers on Samsung phone honour system after fires Air travellers on Samsung phone honour system after fires
- September 10, 2016

This consumer warning is based on recent reports involving lithium-ion batteries in certain Note7 devices that have resulted in fires. Samsung says it'll replace all phones with a newer version as part of the recall. Shortly after, Samsung heard the phones were catching fire. The Note series is one of Samsung's most expensive, and demand for the phone had been high. (more...)
Wells closing after 5.6 quake, just a fraction of state's total Wells closing after 5.6 quake, just a fraction of state's total
- September 10, 2016

The wells are used to dispose of wastewater that would be expensive and hard to treat. The report found that oil and gas drilling activity, particularly practices like hydraulic fracturing or fracking, is at issue. Gov. Mary Fallin said on Twitter that emergency crews dispatched to inspect local bridges for damage found few in need of fix. According to the USGS , 7 million people in America are living in areas that are at risk from man-made earthquakes. (more...)
Jackson leads No. 13 Louisville past Syracuse, 62-28 Jackson leads No. 13 Louisville past Syracuse, 62-28
- September 10, 2016

Here are three things we learned. Now just two weeks into the season, Jackson has 697 yards passing, 318 rushing and 13 total touchdowns. Eight! In a season with lots of big stars, Jackson is a B-list Heisman contender for now. For the second straight week, Louisville had put over 60 points on the scoreboard. On a 47-yard catch-and run, Etta-Tawo broke two tackles and slipped another on his way into the end zone and capped the rally with a four-yard catch in the final minute. (more...)
Asian stocks mixed after European Central Bank stays pat
- September 10, 2016

GDP growth for both 2017 and 2018 was revised down only a marginal 0.1 percentage point while inflation projections were revised down by 0.1% percentage point to 1.2% in 2017 but left unchanged at 1.6% in 2018. It is poised to end the week 1.8 percent weaker. "But unless the Fed sends a message, it will be hard for them to make the markets price in a rate hike by the end of year". (more...)
Good news for wildlife lovers! Giant panda no longer an 'endangered' species
- September 10, 2016

The Giant Panda is no longer an endangered species following decades of rescue efforts, conservationists have confirmed. In a report published on Monday, they cited the growing number of pandas in the wild in southern China - which jumped from 1,596 in 2004 to 1,864 in 2014. (more...)
Shares Climbing Higher Over the Last Year: Finisar Corp. (NASDAQ:FNSR) Shares Climbing Higher Over the Last Year: Finisar Corp. (NASDAQ:FNSR)
- September 10, 2016

Several other research firms have also recently commented on FNSR. Sell-side firms, on a consensus basis have a $21.75 price target on the name and a 2.60 recommendation, according to First Call. Finisar Corp . (NASDAQ: FNSR ) last posted its quarterly earnings results on Thursday, September 8th. A current consensus EPS estimate for next quarter is at $0.32 and 3 month ago EPS forecast was $0.30. (more...)
Karnataka CM writes to Modi for intervention in Cauvery release to TN
- September 10, 2016

The complainant says that he is a resident of Mandya and has personal and general interest over the Cauvery issue. Schools, colleges and corporate offices were forced to remain shut as private and public vehicles stayed off the roads. But the statement from Supreme Court was followed by noticeable friction among the farmers. Sudheer Kumar Reddy, Mandya's superintendent of police, said more than 3,500 police personnel - 1,000 of them from the central paramilitary forces - were deployed in the ... (more...)
Sports Direct changes 'a good start', says Christian MP
- September 10, 2016

But the chairman's position was safeguarded after Mr Ashley - the Newcastle United owner who owns 55% of Sports Direct - backed him. Work is due to start soon on a new Sports Direct in Belfast city centre, nearly a year after the company bought Donegall Arcade, where the new store will be located. (more...)
Tigers edge Orioles 4-3, pull even for postseason spot
- September 10, 2016

Despite the setback, the Tigers are a game behind the Orioles in the wild card race. Manager Brad Ausmus said Zimmermann was unlikely to throw more than 100 pitches Saturday, but he was far more cryptic when it came down to his plan for the rotation moving forward. (more...)
Cowboys Owner Jerry Jones Unveils New Helicopter Cowboys Owner Jerry Jones Unveils New Helicopter
- September 10, 2016

Jones said his new helicopter is part of the "glitz and glamor" of the Dallas Cowboys. According to Archer , Jones can now get from his home to the Star in eight minutes and from the Star to the Cowboys' home stadium in 13 minutes. The first model of Jerry Jones' new helicopter costs $8.5 million, but he likely spent even more on it. . The sweet new ride can carry nine passengers and is swift enough to get Jones and his family from their home to the team's practice facility in nine minutes ... (more...)
Hermine Swirls Off East Coast, but Threat Eases
- September 10, 2016

Temperatures in the Lower 48 states Monday have ranged from a morning low of 28 degrees at Meacham, Ore.to a high of 102 degrees at East Cameron 278, La. The storm, which crossed northern Florida and then moved up the Georgia and the Carolina coasts, was packing sustained surface winds of up to 70 miles per hour with higher gusts, the National Weather Service said. (more...)
Loud noises led to Los Angeles airport evacuation says police
- September 10, 2016

Investigation continues to locate source,"Andy Neiman, Commanding Officer of LAPD Media Relations said in a tweet". The Los Angeles Police Department evacuated the airport and conducted a search, later confirming there was no evidence of any shooting and that the incident appeared to be a false alarm. (more...)
Obama condemns North Korean nuclear test
- September 10, 2016

South Korea's military put the force of the blast at 10 kilotons , which would still be the North's most powerful nuclear blast to date. U.S. President Barack Obama condemned North Korea's nuclear test on Friday as a "grave threat" to regional security and worldwide peace and said he would work with U.S. (more...)
ValueAct buys stake in Seagate Technology ValueAct buys stake in Seagate Technology
- September 10, 2016

Seagate Technology . has changed +6.14% up its 50 day moving average of $31.96 and moved above +19.16% from its 200 day moving average of $28.47. Seagate Technology PLC (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, August 2nd. (more...)
45 of Hanjin Shipping ships stranded at sea 45 of Hanjin Shipping ships stranded at sea
- September 10, 2016

According to shipping insiders, a Hanjin bankruptcy would be the industry's largest ever. Hanjin operates partly with its own ships, and partly with vessels it leases from others. A chaplain with the local Mission to Seafarers said the crew of the German-flagged vessel has told him they have been paid and are being looked after, though they are not seeking publicity. (more...)
Neymar close to Utd, Barca moves Neymar close to Utd, Barca moves
- September 10, 2016

Should the Ligue 1 champions attempt to secure Neymar's services in the future, they would need to spend even more. Barcelona star Neymar was the subject of much transfer speculation this summer, with both Paris Saint-Germain and Manchester United reportedly interested in the Brazilian striker. (more...)