Markets


Industrial Production fell in August Industrial Production fell in August
- September 16, 2016

In contrast, the largest declines were seen in the textile and product mills (down 2.1 percent), machinery (down 1.9 percent), wood products (down 1.6 percent), electrical equipment and appliances (up 1.6 percent), printing and support (up 1.4 percent), miscellaneous durable goods (down 1.4 percent), nonmetallic mineral products (down 1.2 percent) and primary metals (down 1.1 percent) sectors. (more...)
Household income increases for the first time since 2007
- September 16, 2016

Washington also experienced an increase to $58,085 (up 3.6 percent). In 2007, the median household was earning about $2,500 more than they are today; back in the heady dot-com days of 1999, they took home over $3,000 more. Here's a summary of the new national estimates released by the bureau on Tuesday. This is the first annual increase in median household income since 2007, the year before the most recent recession. (more...)
Government agrees to further investigate sale of Nama's Northern Ireland loans Government agrees to further investigate sale of Nama's Northern Ireland loans
- September 16, 2016

The Government statement said the C&AG's report raised a number of important issues which will require further investigation, and that its objective was to ensure that all matters of public concern were addressed "in a speedy and effective manner". (more...)
Busey Trust Co buys $15035160 stake in Oracle Corporation (ORCL) Busey Trust Co buys $15035160 stake in Oracle Corporation (ORCL)
- September 16, 2016

Without the impact of the stronger dollar, the company said its adjusted per-share earnings would have been a penny higher. The P/Cash and P/Free cash flow is 3.04 and 17.35 respectively. Post opening the session at $40.98, the shares hit an intraday low of $40.78 and an intraday high of $41.26 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red. (more...)
Atlanta Fed's Lockhart: 'Serious Discussion' Over Rate Rise Warranted Atlanta Fed's Lockhart: 'Serious Discussion' Over Rate Rise Warranted
- September 16, 2016

The law stipulates that regional Fed Bank presidents may not serve past age 65, unless they are elevated to the post after the age of 55. If a successor is not named by Lockhart's departure date, Marie Gooding, the bank's first vice president and COO, will assume the duties of president on an interim basis. (more...)
Polish premier calls for deep EU reforms in talks with Tusk
- September 16, 2016

They say that the European Union is authoritarian toward its member states, leaving no room for their own political decisions, and blame that for Britain's decision to leave in a June referendum. "There is not a feeling that we have to punish, but, on the other hand, most leaders don't want to encourage other exits", he said. "My talks with you clearly show. (more...)
Give up violence over Cauvery issue: CPI-M
- September 16, 2016

On Monday morning, the Woodlands hotel in Chennai was attacked allegedly by a fringe Tamil group, who hurled petrol bombs, damaging glass panes and windows. Buses, taxis and auto-rickshaws went off the roads. Metro Rail services have been temporarily stopped. Passengers going to or alighting at railway junctions and bus terminals in the city and the airport on the outskirts are able to get transport as trains, inter-state buses and flights are operating on schedule. (more...)
French Unions Stage Last-Ditch Resistance Against Labor Law French Unions Stage Last-Ditch Resistance Against Labor Law
- September 16, 2016

The new law, forced through parliament in July, is created to make France's protective labor laws more flexible, in part by allowing firms to tailor pay and work terms to their needs more easily. The major train-building company Alstom is now locked in battle with the French government over the closure of a locomotive factory. But such was the opposition on the left, including from within the Socialists' own ranks, the government had to force through the reforms without a vote, causing a ... (more...)
Britain approves $24 billion nuclear plant, easing Chinese, French ties
- September 16, 2016

This will ensure that significant stakes can not be sold without the government's knowledge or consent. Approval for Hinkley Point C comes a week after May met with Chinese President Xi Jinping to discuss bilateral trade agreements on the sidelines of the G20 summit in Hangzhou, China. (more...)
Fiat Chrysler recalling 1.9 million vehicles for air bag defect Fiat Chrysler recalling 1.9 million vehicles for air bag defect
- September 16, 2016

The recall also includes models marketed in other countries as the Chrysler Cirrus and Lancia Flavia. FCA said it was aware of three fatalities and five injuries related to the problem. Fiat Chrysler said it would contact owners and replace the parts free of charge. At issue is a potentially flawed module that controls the system, and it wiring. (more...)
Researchers discover wreck of 19th century British ship Researchers discover wreck of 19th century British ship
- September 16, 2016

The location of the second ship, HMS Terror , was still being sought, though, a mission that itself has reached its conclusion thanks to the Arctic Research Foundation and a single tip. The video shows various parts of the ship, including the capstan, the bell, exhaust pipe and wooden plankings. The wreck lies on the seabed about 24 meters (80ft) down in pristine condition. (more...)
Galaxy of incidents: More airlines ban Note 7 phone Galaxy of incidents: More airlines ban Note 7 phone
- September 15, 2016

The latest announcement comes from India's ministry of civil aviation. US and Japanese aviation authorities have urged passengers not to turn on or charge the large-screen phones on aircraft, while the US Federal Aviation Administration has told passengers not to stow the device in checked baggage. (more...)
Tesla readies software update to boost safety after fatal crash
- September 15, 2016

The auto crashed into the trailer, subsequently taking the life of the 40-year old driver, who was identified as Joshua Brown . The update, which is slated to roll out worldwide in a week or two, will include significant updates to Tesla's semi-autonomous driving system called Autopilot. (more...)
What do Bayer and Monsanto sell? A look at the 2 companies
- September 15, 2016

The three deals would reduce the number of global players in agricultural chemicals from six to four. Bayer is now trading at €97 per share; which appears to be pricing the above transactions. Monsanto produces seeds for fruits, vegetables and crops, such as corn, soybeans, and cotton, and is the world's largest seed supplier, including genetically modified seeds. (more...)
Federal prosecutors investigate Wells Fargo's sales practices
- September 15, 2016

On Sep 8, the CFPB denounced Wells Fargo for "widespread" illegal activity tied to its cross selling of credit and bank products to customers. (FILES) This file photo taken on May 22, 2009 shows the sign for a Wells Fargo bank in Woodbury, Minnesota. (more...)
U.S. Household Incomes Rise For First Time Since 2007 U.S. Household Incomes Rise For First Time Since 2007
- September 15, 2016

South Floridians are making more money but nowhere near what they made before the Great Recession, according to federal data released Thursday. The ACS estimates are based on a random sample of about 3 percent of US households. For middle-class workers, there has been an increase in employment and modest wage growth. Just 8.8% of Americans ages 65 and older were living in poverty last year-down from 10% in 2014 and among the lowest senior poverty rates of the past 60 years, the U.S. (more...)
Lions spoil Colts' home opener with 39-35 win
- September 15, 2016

With only 1:37 remaining in second quarter Luck seemed to find his grove however as he led the Colts on an eight play 77 yard touchdown drive to end the half. "Yeah, you wish you could score with 0 seconds left and win the game but that's not how it works all the time". Luck said the clock management is easy to question in hindsight. (more...)
The Bank of New York Mellon Corporation's (BK) The Bank of New York Mellon Corporation's (BK)
- September 15, 2016

The Bank of New York Mellon Corporation (NYSE:BK) Asset Management has a current market price of 40.93 and the change is -1.23%. The firm now has a buy rating on the stock. The Bank of New York Mellon is a New York state-chartered bank, which houses its Investment Services businesses, including Asset Servicing, Issuer Services, Treasury Services, Broker-Dealer and Advisor Services, as well as the bank-advised business of Asset Management. (more...)
Armenia's Prime Minister Hovik Abrahamyan Officially Resigns Armenia's Prime Minister Hovik Abrahamyan Officially Resigns
- September 15, 2016

Armenian media said Abrahamian's replacement was likely to be Karen Karapetian, a technocrat former head of the national gas distributing company and former mayor of the capital city. In 2015 Armenia's economy started to deteriorate - economic growth slowed to 3 percent in 2015 from 3.5 percent in 2014 and below the government's growth forecast of 4.1 percent. (more...)
US jobs growth slows, throwing timing of Fed rate hike in doubt US jobs growth slows, throwing timing of Fed rate hike in doubt
- September 15, 2016

The year-over-year increase was 2.4 percent, compared with 2.7 percent in the 12 months through July. CURRENCIES: The dollar strengthened to 103.47 yen from 103.26 yen in late trading Thursday. The 5-year/5-year rate reflects expected inflation over the five year period beginning five years from today. "While construction was little changed as a whole, residential construction jobs were added while non-residential construction jobs were lost", said Danielle Hale, the National Association ... (more...)

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