Markets


US marks 15th Anniversary of 9/11 terror attacks US marks 15th Anniversary of 9/11 terror attacks
- September 13, 2016

In Wichita, firefighters from around Kansas honored the 343 firefighters killed on 9/11. Now a board member of the New Jersey 9/11 Memorial Foundation, Hughes said it was hard for victims' relatives to sometimes see insensitive or even rude behavior at the plaza in Lower Manhattan. (more...)
Wal-Mart Stores, Inc. 17.2% Potential Upside Now Implied by Cowen Wal-Mart Stores, Inc. 17.2% Potential Upside Now Implied by Cowen
- September 13, 2016

The company lost about -3.6 percent in value since last earnings when it was at $72.93. In contrast, the average volume was 11145800 shares. The retailer has decent share in larger "stock-up" trips, but greater price competition from the convenience of Walmart and Amazon Prime is cutting into its share of "fill-up" trips, the firm noted. (more...)
Starboard buys into drugmaker Perrigo and pushes for changes Starboard buys into drugmaker Perrigo and pushes for changes
- September 13, 2016

In a letter to Perrigo's Chief Executive Officer, John Hendrickson, Starboard said that it believes that Perrigo is deeply undervalued and significant opportunities exist to create value for the benefit of all shareholders based on actions that should be within the control of management and the Board of Directors. (more...)
South Sudan leaders amass wealth as country burns South Sudan leaders amass wealth as country burns
- September 13, 2016

The influx of rebel fighters from volatile neighbours is a sensitive theme in Congo, where the flow of Hutu militiamen from neighbouring Rwanda after its 1994 genocide helped trigger years of regional conflict in eastern Congo that killed millions. (more...)
British Airways hit by computer glitch, protesters
- September 13, 2016

In July the airline had to apologise after a glitch in its new check-in system caused delays. One tweeter in San Francisco scanned a letter from BA staff blaming "computer system" problems and saying staff were falling back on manual check in. (more...)
FTSE 100 Index falls amid global concerns
- September 13, 2016

The growth-sensitive basic resources sector slumped 3.5 percent, the worst performer on the day, while bank stocks fell 1.9 percent. At one stage, all 100 companies listed on the FTSE 100 were trading in negative territory. The UK benchmark index has posted a hefty fall in London today, continuing the previous session's slide, amid concerns that the US Federal Reserve might move to hike interest rates as soon as next week. (more...)
Hillary's Campaign Promises to Release Some Medical Records After Sunday's Health Episode Hillary's Campaign Promises to Release Some Medical Records After Sunday's Health Episode
- September 13, 2016

Brian Fallon, a spokesman, insisted in an interview with the MSNBC news channel that the expanded medical records the camapign was preparing to release would show that Ms Clinton has no other health problems. "It took the entire day to get public the diagnosis that apparently she had received days earlier". Fallon said additional health records would soon be released and pointed out that they already have provided more health information about Clinton than the Trump campaign has about the ... (more...)
Fed's Kashkari Says Fiscal, Rule Reforms Needed to Boost Growth Fed's Kashkari Says Fiscal, Rule Reforms Needed to Boost Growth
- September 13, 2016

Lockhart said in a morning address at the National Association of Business Economists. "Brainard is both young and extremely dovish relative to the baseline for the whole committee, and it's safe to say she's the leader of the dovish wing" of the Fed's rate committee, Bespoke Investment Group analysts said Monday in a research note. (more...)
HP acquiring Samsung's printer business for $1.05 billion
- September 13, 2016

The deal is expected to be finalized within a year. Under an agreement, Samsung will source printers from HP and continue to market them in Korea under the Samsung brand, the company said in a statement . The personal-computer maker has agreed to buy Samsung Electronics Co's printer business for $1.05 billion (36.63 billion baht), betting that it can grab share and generate income, even in a shrinking global market. (more...)
Predictably, Tim Cook had some strong thoughts on EU's tax ruling
- September 12, 2016

In Brussels, EU Competition Commissioner Margrethe Vestager vigorously defended the legality and arithmetic of the tax clawback order affecting Apple . He further states that they are being asked to pay more taxes to a government that said they owe nothing more than what was already paid. Apple paid taxes at the 12.5% rate - a total of $400 million - in 2014, he said. (more...)
Hanjin Shipping files for U.S. bankruptcy protection
- September 12, 2016

Hanjin is now the largest shipping company in Korea, and is ranked as the world's ninth largest container shipping business, transporting over 100M tons of cargo a year. During this process, the Hanjin Group was hardly hit. She resigned her post at Korean Air. Hanjin is now struggling under a debt estimated at six trillion won ($5.37 billion), after posting huge losses over the past several years. (more...)
United Kingdom minister: Britons may need visas to visit European Union after Brexit
- September 12, 2016

We want to get the best outcome possible for the United Kingdom but we can't rule anything out because we don't know what might happen. Ms Rudd has also confirmed the Government is looking at work permits to control sky-high European Union migration, saying the system "has value". (more...)
Intervention on pipeline project unprecedented Intervention on pipeline project unprecedented
- September 12, 2016

More recently, the Standing Rock Sioux Indian Reservation has represented political clout in a region where poverty is high and advocacy at the state level for the Lakota is all but obsolete. The Native American tribe and their supporters are protesting a proposed $3.8 billion Energy Transfer Partners pipeline, which would carry oil across four states, because of concerns that the 470,000 barrels of oil passing through their land each day could poison the water. (more...)
Modi leaves for home after attending ASEAN, East Asia Summits
- September 12, 2016

Asked how he interpret Xi's comments that " China is willing to work with India", Hu said India and China went through hard times in improving relations over the years. The meeting was announced in Washington by the White House, which said Mr. Obama would hold the bilateral meeting with Mr. Modi after attending the US-ASEAN meeting and the EAS. (more...)
Infiltration has increased in 2016: Rajnath Singh Infiltration has increased in 2016: Rajnath Singh
- September 12, 2016

A similar view was expressed by Sitaram Yechury of the Communist Party of India-Marxist, who said that he along with other MPs had gone to meet five separatist leaders, and four separatists met them, whereas one did not. This leads to misallocation of precious and scarce resources, and perpetuates the state of poverty for the teeming millions, living below the poverty line. (more...)
Hillary Clinton Falls After Leaving 9/11 Memorial Unwell
- September 12, 2016

Clinton left her daughter's apartment before noon, saying "I'm feeling great, it's a handsome day in NY". Clinton, 68, felt ill Sunday at the ceremony commemorating the 2001 terrorist attacks at Ground Zero and departed for her daughter's apartment in NY. (more...)
Charleston Southern suspends 14 for Florida State game
- September 12, 2016

Chadwell did say after the game that in their discussions with the NCAA that there shouldn't be any additional surprises as far as more players needing to sit a game. In last Monday's win over No. 19 MS, he had career highs with seven receptions for 101 yards. It was the third 100-yard receiving game in the junior's career. (more...)
Ark. ITT Tech students question future after school closes nationwide Ark. ITT Tech students question future after school closes nationwide
- September 12, 2016

ITT Technical Institute, a national for-profit vocational school with a campus in Oxnard, is closing. The company has been under investigation by government authorities for allegations of fraud and deceptive marketing tactics. Since many colleges do not accept ITT credits, some students may be forced to start their college careers over. We spoke with one student who asked us not to share her identity. (more...)
EU Leader asks United Kingdom to speed up their Exit EU Leader asks United Kingdom to speed up their Exit
- September 12, 2016

The scheme covers visitors to the Schengen free movement zone from countries that do not need a visa to enter. Madeline Sumpton at the Migration Observatory says Hammond is nearly certainly referring to work permits - the UK's existing system for non-EU migrants applying to work in the United Kingdom - which has always prioritised skilled workers. (more...)
Walgreens may close up to 1000 stores to seal Rite Aid deal
- September 12, 2016

Evercore ISI reissued a "buy" rating and set a $93.00 target price on shares of Walgreens Boots Alliance in a research note on Thursday, July 7th. However, it is a general misunderstanding that a higher share price points towards a larger company where stock price might also misrepresent the definite worth of the organization. (more...)

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