Markets
Wal-Mart plans to slow new store openings, invest in online
- October 07, 2016
The company is holding its annual investor day, where it is expected to report on its progress in e-commerce. Wal-Mart said earnings for the next fiscal year that begins Feb 1 will be essentially unchanged from those of fiscal 2017, which are expected to come in at US$4.15 to US$4.35 a share. (more...)
- October 07, 2016
The company is holding its annual investor day, where it is expected to report on its progress in e-commerce. Wal-Mart said earnings for the next fiscal year that begins Feb 1 will be essentially unchanged from those of fiscal 2017, which are expected to come in at US$4.15 to US$4.35 a share. (more...)
Tesla Motors Inc (TSLA), Alnylam Pharmaceuticals, Inc. (ALNY)
- October 07, 2016
Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy , "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Following the transaction, the Director is left with a stake of 103.21 shares, now valued at $21820. Shares for $253,134 were sold by FIELD JOHN DOUGLAS . (more...)
- October 07, 2016
Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy , "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Following the transaction, the Director is left with a stake of 103.21 shares, now valued at $21820. Shares for $253,134 were sold by FIELD JOHN DOUGLAS . (more...)
Clinton vows to hold Wells Fargo accountable for its actions
- October 06, 2016
Minnesota's attorney general on Tuesday weighed in on the Wells Fargo scandal , demanding that the bank end the practice of forcing customers into binding arbitration when they have a dispute with the company. Illinois Treasurer Michael Frerichs on Monday suspended $ 30 billion in state investment activity with the bank. Wells Fargo is one of the nation's largest banks. (more...)
- October 06, 2016
Minnesota's attorney general on Tuesday weighed in on the Wells Fargo scandal , demanding that the bank end the practice of forcing customers into binding arbitration when they have a dispute with the company. Illinois Treasurer Michael Frerichs on Monday suspended $ 30 billion in state investment activity with the bank. Wells Fargo is one of the nation's largest banks. (more...)
Google May Be Interested in Buying Twitter
- October 06, 2016
Now, CNBC reports that Google and Salesforce are among the half-dozen or so companies that are interested in Twitter that might make a formal bid. He later tweeted to emphasize that his comments are his own and don't reflect the official view of Salesforce . In July, Twitter reported second quarter revenue of $602 million, up 20 percent year over year, and adjusted earnings of 13 cents per share. (more...)
- October 06, 2016
Now, CNBC reports that Google and Salesforce are among the half-dozen or so companies that are interested in Twitter that might make a formal bid. He later tweeted to emphasize that his comments are his own and don't reflect the official view of Salesforce . In July, Twitter reported second quarter revenue of $602 million, up 20 percent year over year, and adjusted earnings of 13 cents per share. (more...)
Deutsche Bank nears $5.4 bln settlement over mortgage bonds
- October 06, 2016
European stock markets on Friday erased earlier sharp losses and closed slightly higher as concerns over Deutsche Bank's financial health subsided on hopes the lender will pay a lower-than-feared fine to US regulators. 29, after OPEC nations reached a preliminary deal to cut oil production for the first time in eight years. He also said American banks have been "Dodd-Franked". (more...)
- October 06, 2016
European stock markets on Friday erased earlier sharp losses and closed slightly higher as concerns over Deutsche Bank's financial health subsided on hopes the lender will pay a lower-than-feared fine to US regulators. 29, after OPEC nations reached a preliminary deal to cut oil production for the first time in eight years. He also said American banks have been "Dodd-Franked". (more...)
EasyJet share price tumbles as airline unveils full-year profit drop
- October 06, 2016
The collapsing value of the pound weighs on EasyJet's performance because it makes dollar-priced jet fuel more expensive, ramping up the cost of running aircraft. EasyJet EZJ, -5.08% Chief Executive Carolyn McCall in July called the conditions the airline was having to fly through "one of the most hard periods" in years. (more...)
- October 06, 2016
The collapsing value of the pound weighs on EasyJet's performance because it makes dollar-priced jet fuel more expensive, ramping up the cost of running aircraft. EasyJet EZJ, -5.08% Chief Executive Carolyn McCall in July called the conditions the airline was having to fly through "one of the most hard periods" in years. (more...)
Analysts Update Their Price Target On Marathon Oil Corporation (NYSE:MRO)
- October 06, 2016
Meanwhile, Seritage Growth Properties' current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. Baxter International Inc (NYSE:BAX) now has mean rating of 2.90 while 3 analysts have commented the shares as "BUY", 0 recommended as "OUTPERFORM" and 12 commented as "HOLD". (more...)
- October 06, 2016
Meanwhile, Seritage Growth Properties' current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. Baxter International Inc (NYSE:BAX) now has mean rating of 2.90 while 3 analysts have commented the shares as "BUY", 0 recommended as "OUTPERFORM" and 12 commented as "HOLD". (more...)
Most Recent StocksReport: Kinder Morgan, Inc. (NYSE:KMI)
- October 06, 2016
Kinder Morgan (KMI) has had a good run, but the stock price now reflects the "positive attributes", writes Stifel analyst Selman Akyol . The stock tapped a 52-week high of US$32.89 while the 12-month Consensus Price Target is US$23.67. GrubHub Inc. (NYSE:GRUB) quarterly performance is 41.75% while its price to sale ratio is 8.56 and price to book ratio is 3.94. Morgan Stanley upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and increased their ... (more...)
- October 06, 2016
Kinder Morgan (KMI) has had a good run, but the stock price now reflects the "positive attributes", writes Stifel analyst Selman Akyol . The stock tapped a 52-week high of US$32.89 while the 12-month Consensus Price Target is US$23.67. GrubHub Inc. (NYSE:GRUB) quarterly performance is 41.75% while its price to sale ratio is 8.56 and price to book ratio is 3.94. Morgan Stanley upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and increased their ... (more...)
Oil price falls as Iran, Libya outputs undermine OPEC agreement
- October 06, 2016
But a Reuters survey last week showed OPEC output likely reached likely a record high of 33.6 million bpd in September. In Libya, the National Oil Corporation opened three previously blockaded ports, allowing AGOCO, an NOC subsidiary that operates mainly in eastern Libya, to boost output. (more...)
- October 06, 2016
But a Reuters survey last week showed OPEC output likely reached likely a record high of 33.6 million bpd in September. In Libya, the National Oil Corporation opened three previously blockaded ports, allowing AGOCO, an NOC subsidiary that operates mainly in eastern Libya, to boost output. (more...)
UK's new premier says Brexit is 'quiet revolution'
- October 06, 2016
She said the public was frustrated by unaffordable housing, stagnating wages, insecure jobs and seeing pay undercut by low-skilled immigrants and added: "If we don't respond - if we don't take this opportunity to deliver the change people want - resentments will grow". (more...)
- October 06, 2016
She said the public was frustrated by unaffordable housing, stagnating wages, insecure jobs and seeing pay undercut by low-skilled immigrants and added: "If we don't respond - if we don't take this opportunity to deliver the change people want - resentments will grow". (more...)
Stampede At Ethiopian Protest Leaves Dozens Dead
- October 06, 2016
A man checks the pulse of the victim of a stampede during the Oromo new year holiday Irreechaa in Bishoftu on October 2, 2016. Thousands of Ethiopians had gathered for a religious festival in Bishoftu, 40km (25 miles) from the capital Addis Ababa . (more...)
- October 06, 2016
A man checks the pulse of the victim of a stampede during the Oromo new year holiday Irreechaa in Bishoftu on October 2, 2016. Thousands of Ethiopians had gathered for a religious festival in Bishoftu, 40km (25 miles) from the capital Addis Ababa . (more...)
Pound falls to 31-year low against dollar
- October 06, 2016
The FTSE 100's value, in points terms, is aided by a weaker pound as the market's constituents are largely export-dominated multinationals which make the bulk of their sales in dollars. Investors owning the country's shares in greenbacks have suffered more than local ones in the past three years and the biggest U.S. exchange-traded fund tracking the shares has seen outflows nearly every month this year. (more...)
- October 06, 2016
The FTSE 100's value, in points terms, is aided by a weaker pound as the market's constituents are largely export-dominated multinationals which make the bulk of their sales in dollars. Investors owning the country's shares in greenbacks have suffered more than local ones in the past three years and the biggest U.S. exchange-traded fund tracking the shares has seen outflows nearly every month this year. (more...)
West Ham United co-owner David Sullivan: 'Fan trouble was sensationalised'
- October 06, 2016
That run looked set to continue against Middlesbrough on Saturday but a sensational solo effort from Dimitri Payet salvaged a point. Dimitri Payet scored a sensational goal Saturday afternoon in West Ham's 1-1 draw with Middlesbrough at the Olympic stadium in London; it was a piece of individual brilliance from the French worldwide. (more...)
- October 06, 2016
That run looked set to continue against Middlesbrough on Saturday but a sensational solo effort from Dimitri Payet salvaged a point. Dimitri Payet scored a sensational goal Saturday afternoon in West Ham's 1-1 draw with Middlesbrough at the Olympic stadium in London; it was a piece of individual brilliance from the French worldwide. (more...)
Colts disappoint in London, putting Pagano on hot seat
- October 06, 2016
Their lone victory was a mightly struggle against lowly San Diego. But Grigson hasn't drafted many impact players on that side of the ball, either: Of the 38 picks the Colts have made on his watch, only 16 are defensive players. The no-huddle offense worked in the fourth quarter. "We had some success on the ground, but we couldn't get anything going in the pass game, obviously", Colts coach Chuck Pagano said. (more...)
- October 06, 2016
Their lone victory was a mightly struggle against lowly San Diego. But Grigson hasn't drafted many impact players on that side of the ball, either: Of the 38 picks the Colts have made on his watch, only 16 are defensive players. The no-huddle offense worked in the fourth quarter. "We had some success on the ground, but we couldn't get anything going in the pass game, obviously", Colts coach Chuck Pagano said. (more...)
Oil major BP buys 1st Iranian oil since sanctions eased
- October 06, 2016
The new IPC has more flexible terms that take into account oil price fluctuations and investment risks, a senior Iranian oil official told Reuters in November. The contract is a deal that sets the framework for a final agreement to be signed in the coming months, Zanganeh added. According to the managing director Ali Kardor, the Iran Petroleum Contract (IPC) is a cornerstone of the country's plan to raise crude production to the pre-sanctions level of four million bpd. (more...)
- October 06, 2016
The new IPC has more flexible terms that take into account oil price fluctuations and investment risks, a senior Iranian oil official told Reuters in November. The contract is a deal that sets the framework for a final agreement to be signed in the coming months, Zanganeh added. According to the managing director Ali Kardor, the Iran Petroleum Contract (IPC) is a cornerstone of the country's plan to raise crude production to the pre-sanctions level of four million bpd. (more...)
Reports identify alleged beer-throwing Blue Jays fan after police release photo
- October 06, 2016
The paper also reported that an anonymous co-worker of Pagan's said the alleged perp hurried out of his Hamilton, Ontario office soon after Toronto Police published the photo. "There's got to be something to be said for experiencing those kind of games", Gibbons said. "You didn't do it last night, but do the right thing today and turn yourself in to 52 Division". (more...)
- October 06, 2016
The paper also reported that an anonymous co-worker of Pagan's said the alleged perp hurried out of his Hamilton, Ontario office soon after Toronto Police published the photo. "There's got to be something to be said for experiencing those kind of games", Gibbons said. "You didn't do it last night, but do the right thing today and turn yourself in to 52 Division". (more...)
US consumer spending flat in August as auto purchases drop
- October 06, 2016
The Commerce Department says that consumer spending was unchanged last month after solid gains of 0.4 percent in July and 0.3 percent in June. The flat reading last month - the weakest since March - fell short of Wall Street expectations. (more...)
- October 06, 2016
The Commerce Department says that consumer spending was unchanged last month after solid gains of 0.4 percent in July and 0.3 percent in June. The flat reading last month - the weakest since March - fell short of Wall Street expectations. (more...)
Wells Fargo Is now Being Fined for Improperly Repossessing Soldier's Cars
- October 06, 2016
And on Thursday, Stumpf is expected on Capitol Hill again, this time testifying in front of the House Financial Services Committee. At the hearing Thursday, Stumpf apologized repeatedly for his bank's failings and repeated his earlier pledge - given last week to the disgruntled Senate Finance Committee - to accept "full responsibility" for them. (more...)
- October 06, 2016
And on Thursday, Stumpf is expected on Capitol Hill again, this time testifying in front of the House Financial Services Committee. At the hearing Thursday, Stumpf apologized repeatedly for his bank's failings and repeated his earlier pledge - given last week to the disgruntled Senate Finance Committee - to accept "full responsibility" for them. (more...)
Japan's Sompo Agrees to Buy Endurance Specialty for $6.3 Billion
- October 06, 2016
The deal is the second costliest deal for a Japanese insurance company in acquiring a U.S. insurance company in recent times. The deal, which could be valued at about $6.5 billion, will be announced as soon as Wednesday, the Nikkei said. Bermuda, and other regions. The prevalence of earthquakes and typhoons in Japan has also led nonlife insurers to look overseas to balance their exposure. (more...)
- October 06, 2016
The deal is the second costliest deal for a Japanese insurance company in acquiring a U.S. insurance company in recent times. The deal, which could be valued at about $6.5 billion, will be announced as soon as Wednesday, the Nikkei said. Bermuda, and other regions. The prevalence of earthquakes and typhoons in Japan has also led nonlife insurers to look overseas to balance their exposure. (more...)
Trump Crows He's 'Getting A Lot Of Credit' For Pence's Debate Performance
- October 06, 2016
More than half of the 84 million viewers who flocked last week to the first presidential debate between Donald Trump and Hillary Clinton found something else to do when their respective running mates faced off Tuesday night. Pence "really set himself up well for 2020" should Clinton win the election on November 8, and the IN governor seek the next GOP presidential nomination, Palazzolo said. (more...)
- October 06, 2016
More than half of the 84 million viewers who flocked last week to the first presidential debate between Donald Trump and Hillary Clinton found something else to do when their respective running mates faced off Tuesday night. Pence "really set himself up well for 2020" should Clinton win the election on November 8, and the IN governor seek the next GOP presidential nomination, Palazzolo said. (more...)
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Oil prices: IEA, OPEC weigh in with forecasts