Markets


Exxon shares fall on SEC investigation report
- September 21, 2016

They now have a United States dollars 85 price target on the stock. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a variety of specialty products. Analyst's mean target price for ConocoPhillips (NYSE:COP) is $45.00 while analysts mean recommendation is 2.30. 06/06/2016 - Exxon Mobil Corporation had its "conviction buy" rating reiterated by analysts at Goldman Sachs. (more...)
Touting aid deal, Obama says true Israeli security requires Palestinian statehood
- September 21, 2016

USA president is still seeking a two-state solution to Israeli-Palestinian conflict. Israeli Prime Minister Benjamin Netanyahu on Wednesday (Sept 14) thanked the United States' President and Congress for what he called an "historic" military aid package. (more...)
IPhone 7 on sale in China, 7 plus pre-orders sold out
- September 21, 2016

Apple has already warned its loyal customers that some of the new phones are in short supply. It's perhaps not surprising. Outside the Apple Store in Destiny USA, just 50 people were in line when the retailer opened its doors at 8 a.m. (more...)
BIS warns China banks risk crisis within 3 years BIS warns China banks risk crisis within 3 years
- September 21, 2016

Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog. Two-thirds of all readings above 10 percent have been followed by serious banking strains within the subsequent three years, according to the BIS. (more...)
USA housing starts take a breather; single-family permits rise USA housing starts take a breather; single-family permits rise
- September 21, 2016

According to the Census Bureau and Department of Housing and Urban Development, new building permits for private homes in August was at an annual rate of 1.139 million on a seasonally-adjusted basis. The National Association of Home Builders released a separate report on Monday showing a jump in homebuilder confidence in the month of September. Housing market strength helped Lennar Corp, the second-largest USA homebuilder, report higher-than-expected profit and revenue for the third quarter. (more...)
2 wounded, man held after Vegas airport parking lot shooting 2 wounded, man held after Vegas airport parking lot shooting
- September 21, 2016

Officials redirect traffic after a shooting in a parking garage at McCarran International Airport on Monday, Sept. 19, 2016, in Las Vegas . The shooting happened shortly before 6 p.m. Brown had a previous relationship with the female victim, according to police. The shooter took off from the scene in a vehicle, and while Metro confirmed he did not jump in a cab, officers could not provide a description of the shooter's vehicle. (more...)
FedEx Corp. shares rise after earnings beat FedEx Corp. shares rise after earnings beat
- September 21, 2016

Your current subscription does not provide access to this content. Visit MarketWatch.com for more information on this news. You have now viewed your allowance of free articles. The company will also raise the cost of sending bulky and extremely long packages. "We have five separate. work streams or projects in both aviation and automated vehicles", Smith said. (more...)
Samsung says replacements available for recalled Note 7
- September 21, 2016

A group of analysts from South Korea see only upsides for iPhone 7 component suppliers as a result of the Samsung Galaxy Note 7 recall, with one predicting there will be over 100 million sales of Apple's new phone before the end of 2016. Late on Sunday, Chinese online financial magazine Caixin cited an internet user's report that their Note 7 phone, bought from JD.com Inc., had caught fire in what appeared to be the first report in China of a fire involving the handset. (more...)
Kashmir violence: 11 killed as Indian forces battle 'militants' Kashmir violence: 11 killed as Indian forces battle 'militants'
- September 21, 2016

The Press Trust of India news agency said 10 suspected militants had been killed in the incident but this could not immediately be confirmed. The Army official in Srinagar refused to confirm the number of militants killed in the encounter. (more...)
Former House speaker joins Washington law and lobbying firm Former House speaker joins Washington law and lobbying firm
- September 21, 2016

Former House Speaker John Boehner is poised to begin a lucrative second career as a consultant for a high-powered Washington lobby firm, Squire Patton Boggs, which also has strong Cincinnati connections. Squire Patton Boggs is the sixth-largest lobbying firm in the United States by revenue, the Post says. He was elected Speaker of the House in 2010. "Typically, the average salary for a former senator will start at about $1 million at a K Street law firm". (more...)
Wells Fargo CEO to apologize for betraying customers' trust Wells Fargo CEO to apologize for betraying customers' trust
- September 21, 2016

Democratic Senators Sherrod Brown of OH and Elizabeth Warren of MA called for Stumpf to resign, with Warren saying Stumpf should give back his salary and be criminally investigated. However, the senators accused Stumpf's bank of nurturing a culture which encouraged such fraud through low wages, sales targets and pushy management. (more...)
Donald Trump Jr. sparks outrage after likening Syrian refugees to poisoned Skittles
- September 21, 2016

The candidate has repeatedly warned of the risks posed by Syrian refugees , citing the arrival in Europe of Islamic State operatives disguised as simple refugees, and says USA immigration officials are not properly screening new arrivals. Refugees are people", a spokeswoman for the candy's parent company, Wrigley, said in a statement . You're right, they're way too risky. While most tweets were critical of Trump Jr.'s comparison, some had a bigger problem with his use of grammar. (more...)
Allergan to acquire Tobira Therapeutics Allergan to acquire Tobira Therapeutics
- September 21, 2016

In April, only a day after Pfizer (PFE)'s attempted merger with Allergan was dashed by new U.S. Treasury Department rules regarding tax inversions, Allergan entered into a deal with Heptares Therapeutics, a wholly-owned subsidiary of Sosei Group Corporation. (more...)
Sensex Maintains Winning Touch, Climbs 72 Pts on Asian Cues Sensex Maintains Winning Touch, Climbs 72 Pts on Asian Cues
- September 21, 2016

Meanwhile, the consensus is that the Fed will leave rates unchanged, but investors are looking for commentary and the guidance for the next interest rate hike. Equity brokers said that besides trimming of positions in recent gainers by participants at existing levels, weak trend in other Asian markets dampened sentiments here as investors awaited upcoming U.S. (more...)
AAA says Americans waste $2 billion on premium gas every year AAA says Americans waste $2 billion on premium gas every year
- September 21, 2016

Premium fuel, or 93-octane fuel, is only recommended for specific vehicles whose engines can not reap the benefits of regular 87-octane gasoline. Most cars are created to run on regular, 87-octane fuel. Always pick your blend according to what the owner's manual recommends. On average, premium costs about 50 cents a gallon more than regular, AAA said. (more...)
Apple's iPhone 7 ditches traditional headphone socket
- September 21, 2016

And, perhaps, also easily dislodged or misplaced. And we do have a vision for how audio should work on mobile devices ... Or as Bob O'Donnell, a veteran consumer tech analyst at Technalysis Research, puts it: "You start losing those things at US$160 a pair, you're going to go insane". (more...)
Alabama governor praises pipeline company's response to leak
- September 21, 2016

Alabama Gov. Robert Bentley toured Colonial Pipeline's emergency response center, located in a luxury resort hotel about 12 miles from the pipeline breach, and spent much of a news conference Monday praising the company's response. The American Automobile Association reports that in Georgia , the regular gas price rose about 5 cents from Monday to Tuesday, to an average $2.36 statewide. (more...)
SeaWorld says it will stop paying shareholders a dividend SeaWorld says it will stop paying shareholders a dividend
- September 21, 2016

The company also said its board had chose to suspend quarterly payouts subsequent to the latest dividend payment. SeaWorld shares opened sharply lower Tuesday after the company said it is cutting its dividend by more than half and then eliminating it altogether to raise cash for share repurchases as it grapples with a future that will phase out killer whale shows. (more...)
Wal-Mart: Coke display stacked like twin towers removed Wal-Mart: Coke display stacked like twin towers removed
- September 21, 2016

The sign above shows the New York City skyline with the words, " We Will Never Forget ". Spokesman Charles Crowson said Coke typically provides suggestions for product displays but that in this case, the display was approved by Walmart itself. (more...)
OPEC may decide on extra meeting immediately after Algiers
- September 21, 2016

The North Sea Brent benchmark crude slipped to $45.67 per barrel and US WTI slid to $43.07, as of 9:00am GMT. U.S. West Texas Intermediate (WTI) crude futures were down 44 cents at $42.86/bbl. The country's official envoy to OPEC, Mohamed Oun said the country won't stop increasing output until it reaches 1.6 million bpd - the level last seen during Gaddafi's rule, while the current production stands at 300,000 bpd. (more...)

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