Markets
North Dakota oil production drops below 1M barrels daily
- October 14, 2016
The nation's second largest oil-producing state pumped out 981,039 barrels per day during August, about 5 percent less than July. OPEC ministers agreed in principle in late September to cut oil production between one-half billion and 1 billion barrels per day in an effort to boost the persistently weak crude prices. (more...)
- October 14, 2016
The nation's second largest oil-producing state pumped out 981,039 barrels per day during August, about 5 percent less than July. OPEC ministers agreed in principle in late September to cut oil production between one-half billion and 1 billion barrels per day in an effort to boost the persistently weak crude prices. (more...)
Chicago Trust Co Na buys $5181799 stake in General Electric Company (GE)
- October 14, 2016
PineBridge Investments L.P. now owns 5,134 shares of the company's stock valued at $243,000 after buying an additional 188 shares in the last quarter. Over the last 30 and 90 trading days the company share price has decreased 3.61 points and decreased 2.44 points respectively. The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. (more...)
- October 14, 2016
PineBridge Investments L.P. now owns 5,134 shares of the company's stock valued at $243,000 after buying an additional 188 shares in the last quarter. Over the last 30 and 90 trading days the company share price has decreased 3.61 points and decreased 2.44 points respectively. The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. (more...)
Verizon sees Yahoo data breach as a 'material change' to takeover deal
- October 14, 2016
Silliman said Yahoo has given Verizon "preliminary briefings" on the hack, "but we're certainly not done with the amount of information we need to receive from them". Verizon agreed to buy Yahoo! in July for a little more than a tenth of what Microsoft had offered to buy the search company eight years ago. At a conference earlier this week, Verizon CEO Lowell McAdam denied rumors that Verizon could demand a significantly lower price tag for buying Yahoo as a result of the breach. (more...)
- October 14, 2016
Silliman said Yahoo has given Verizon "preliminary briefings" on the hack, "but we're certainly not done with the amount of information we need to receive from them". Verizon agreed to buy Yahoo! in July for a little more than a tenth of what Microsoft had offered to buy the search company eight years ago. At a conference earlier this week, Verizon CEO Lowell McAdam denied rumors that Verizon could demand a significantly lower price tag for buying Yahoo as a result of the breach. (more...)
Investors Recap - Southwest Airlines Co.'s (LUV)
- October 14, 2016
The analysts noted that the move was a valuation call. Financial earnings surprise is a result of significant variation in reported numbers from the released consensus estimates. The stock of Southwest Airlines Co (NYSE: LUV ) earned "Neutral" rating by JP Morgan on Wednesday, July 27. Analysts have a mean recommendation of 2.10 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). (more...)
- October 14, 2016
The analysts noted that the move was a valuation call. Financial earnings surprise is a result of significant variation in reported numbers from the released consensus estimates. The stock of Southwest Airlines Co (NYSE: LUV ) earned "Neutral" rating by JP Morgan on Wednesday, July 27. Analysts have a mean recommendation of 2.10 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). (more...)
China Walks out of Industrial Deflation in September
- October 14, 2016
Today's figures also show that consumer prices fell by 0.4% in September compared to August. Ireland's annual inflation rate had hit 0.5 per cent in July - its highest level in three years - but falling fuel costs and lower auto prices dragged it back since. (more...)
- October 14, 2016
Today's figures also show that consumer prices fell by 0.4% in September compared to August. Ireland's annual inflation rate had hit 0.5 per cent in July - its highest level in three years - but falling fuel costs and lower auto prices dragged it back since. (more...)
Syrian opposition activists: Airstrikes kill eight in Aleppo
- October 14, 2016
The latest US-Russian initiative to bring about peace in Syria the collapsed last week after one of the most deadly bombings of Aleppo yet. A Syrian military source said warplanes had struck several locations to the south and southwest of Aleppo but Syrian and Russian officials could not immediately be reached to comment on the market place attack. (more...)
- October 14, 2016
The latest US-Russian initiative to bring about peace in Syria the collapsed last week after one of the most deadly bombings of Aleppo yet. A Syrian military source said warplanes had struck several locations to the south and southwest of Aleppo but Syrian and Russian officials could not immediately be reached to comment on the market place attack. (more...)
Disgraced Wells Fargo CEO John Stumpf set for $134M exit
- October 14, 2016
Anxiety is building for many of them in the continuing controversy over sales practices at the bank which involved employees creating unauthorized accounts for customers in order to meet sales goals. "It's absolutely outrageous that whistleblowers contacted OSHA as early as 2009 about potential fraud at Wells Fargo , and yet these government bureaucrats failed to do their job", said Sen. (more...)
- October 14, 2016
Anxiety is building for many of them in the continuing controversy over sales practices at the bank which involved employees creating unauthorized accounts for customers in order to meet sales goals. "It's absolutely outrageous that whistleblowers contacted OSHA as early as 2009 about potential fraud at Wells Fargo , and yet these government bureaucrats failed to do their job", said Sen. (more...)
Ghana records 17.2 percent inflation rate in September
- October 14, 2016
Retail inflation measured by the Consumer Price Index had stood at 5.05 per cent in August this year, and 4.41 per cent in September last year. The fall in retail inflation in September was mainly due to decline in vegetables prices which contracted by 7 per cent. (more...)
- October 14, 2016
Retail inflation measured by the Consumer Price Index had stood at 5.05 per cent in August this year, and 4.41 per cent in September last year. The fall in retail inflation in September was mainly due to decline in vegetables prices which contracted by 7 per cent. (more...)
Las Vegas Raiders closer to reality
- October 14, 2016
Under the state Constitution, special sessions are limited to no longer than 20 days, though most last only a few days. Wynn told the legislators in Carson City that professional sports would act as a cornerstone for the stability of Nevada tourism while Blackhurst, a former mayor of Las Vegas, declared that the project could take the city to a higher level in terms of tourist appeal. (more...)
- October 14, 2016
Under the state Constitution, special sessions are limited to no longer than 20 days, though most last only a few days. Wynn told the legislators in Carson City that professional sports would act as a cornerstone for the stability of Nevada tourism while Blackhurst, a former mayor of Las Vegas, declared that the project could take the city to a higher level in terms of tourist appeal. (more...)
International oil prices dip on production cut doubts
- October 14, 2016
Overall crude stocks excluding the U.S. Strategic Petroleum Reserve stand at 474 million barrels, EIA said. "One of the features of the market at the moment is probably physical crude is a bit longer than the paper markets are telling us", Ian Taylor, chief executive of commodity trading giant Vitol, told Reuters. (more...)
- October 14, 2016
Overall crude stocks excluding the U.S. Strategic Petroleum Reserve stand at 474 million barrels, EIA said. "One of the features of the market at the moment is probably physical crude is a bit longer than the paper markets are telling us", Ian Taylor, chief executive of commodity trading giant Vitol, told Reuters. (more...)
NYT says no libel, no retraction, no apology for Trump story
- October 14, 2016
Trump and his campaign strongly deny the accusations. Some have been told previously, but others are new. "Multiple women not mentioned in our article have publicly come forward to report on Mr Trump's unwanted advances". Because it did not happen!" Temple Taggart, a former Miss Utah, says Trump kissed her on the mouth a few times when she was a 21-year-old contestant in his Miss USA beauty pageant. (more...)
- October 14, 2016
Trump and his campaign strongly deny the accusations. Some have been told previously, but others are new. "Multiple women not mentioned in our article have publicly come forward to report on Mr Trump's unwanted advances". Because it did not happen!" Temple Taggart, a former Miss Utah, says Trump kissed her on the mouth a few times when she was a 21-year-old contestant in his Miss USA beauty pageant. (more...)
US stocks join global slide following weak report from China
- October 14, 2016
China said exports plunged more than predicted last month, disappointing markets after a recent upbeat reading on factory activity. The S&P 500 and the Dow Jones industrial average touched three-month lows on Thursday, dragged down by weak Chinese economic data and a potential USA interest rate hike by the end of the year. (more...)
- October 14, 2016
China said exports plunged more than predicted last month, disappointing markets after a recent upbeat reading on factory activity. The S&P 500 and the Dow Jones industrial average touched three-month lows on Thursday, dragged down by weak Chinese economic data and a potential USA interest rate hike by the end of the year. (more...)
US stocks join global slump following weak report from China
- October 14, 2016
Stocks closed at their lowest levels in a month but well off session lows following weak Chinese trade data; for both the S&P and Nasdaq , it was the lowest close since September 14. Copper and gold producer Freeport-McMoRan gave up 72 cents, or 7.2%, to $9.33. Delta Air Lines slumped 3 percent after reporting revenue that fell short of forecasts. (more...)
- October 14, 2016
Stocks closed at their lowest levels in a month but well off session lows following weak Chinese trade data; for both the S&P and Nasdaq , it was the lowest close since September 14. Copper and gold producer Freeport-McMoRan gave up 72 cents, or 7.2%, to $9.33. Delta Air Lines slumped 3 percent after reporting revenue that fell short of forecasts. (more...)
Samsung Offers Incentives To Galaxy Note 7 Owners In Korea
- October 14, 2016
The South Korean electronics company said it is offering a $100 bill credit if the Note 7 is exchanged for another Samsung smartphone. In related news, beginning today (October 13) at 3PM Eastern, the expanded recall means customers have a new incentive to stick with a Samsung Galaxy phone when they return the Note 7. (more...)
- October 14, 2016
The South Korean electronics company said it is offering a $100 bill credit if the Note 7 is exchanged for another Samsung smartphone. In related news, beginning today (October 13) at 3PM Eastern, the expanded recall means customers have a new incentive to stick with a Samsung Galaxy phone when they return the Note 7. (more...)
Marmite Brexit price war 'has been resolved'
- October 14, 2016
John Ambulance. Pictures from elsewhere in the United Kingdom have shown empty shelves where Marmite used to be. But it is not only Marmite which has been hit. Sterling has dropped by 16 per cent against the euro since the UK's Brexit vote. "Since March 2015, the leading United Kingdom grocery retailer has been squeezing the biggest food brands in the world by its price wars, removing Kingsmill and Rachel Organics from its stores", she said. (more...)
- October 14, 2016
John Ambulance. Pictures from elsewhere in the United Kingdom have shown empty shelves where Marmite used to be. But it is not only Marmite which has been hit. Sterling has dropped by 16 per cent against the euro since the UK's Brexit vote. "Since March 2015, the leading United Kingdom grocery retailer has been squeezing the biggest food brands in the world by its price wars, removing Kingsmill and Rachel Organics from its stores", she said. (more...)
Xbox Boss talks backwards compatibility ambitions
- October 14, 2016
Electronic Arts has advised "Mass Effect" fans to keep on voting for "Mass Effect 2" and "Mass Effect 3" so it can be included in the Xbox One backwards compatibility list. The backwards compatibility feature of the Xbox One allows players to play Xbox 360 games. The Xbox One, on the other hand, has a decidedly small library of great titles three years in, even though the next-gen must-haves have been increasing lately. (more...)
- October 14, 2016
Electronic Arts has advised "Mass Effect" fans to keep on voting for "Mass Effect 2" and "Mass Effect 3" so it can be included in the Xbox One backwards compatibility list. The backwards compatibility feature of the Xbox One allows players to play Xbox 360 games. The Xbox One, on the other hand, has a decidedly small library of great titles three years in, even though the next-gen must-haves have been increasing lately. (more...)
Samsung Reassures Galaxy S7 Customers Their Phones Are Safe
- October 14, 2016
Samsung's problems were calculated into yesterday's revisions to the BoK's economic forecasts that include growth and inflation rates, he said , but the bank was not able to reflect the most recent changes because of time constraints. "I am very concerned that consumers who exchanged their phones for replacement Galaxy Note 7s are now at risk again". Overall, through two recalls, Samsung is recalling 1.9 million Galaxy Note 7 devices, according to the CPSC. (more...)
- October 14, 2016
Samsung's problems were calculated into yesterday's revisions to the BoK's economic forecasts that include growth and inflation rates, he said , but the bank was not able to reflect the most recent changes because of time constraints. "I am very concerned that consumers who exchanged their phones for replacement Galaxy Note 7s are now at risk again". Overall, through two recalls, Samsung is recalling 1.9 million Galaxy Note 7 devices, according to the CPSC. (more...)
Wells Fargo CEO John Stumpf retires, replaced by Tim Sloan
- October 14, 2016
But Stumpf was roundly criticized by members of both parties during appearances before Congress last month, where it was made clear that lawmakers believed top executives had to be held responsible for the activity. However, he told "Closing Bell" he wants more accountability at the firm for what happened, noting that no managers have been fired. Chiang said the financial hit for the bank will probably be in the millions. (more...)
- October 14, 2016
But Stumpf was roundly criticized by members of both parties during appearances before Congress last month, where it was made clear that lawmakers believed top executives had to be held responsible for the activity. However, he told "Closing Bell" he wants more accountability at the firm for what happened, noting that no managers have been fired. Chiang said the financial hit for the bank will probably be in the millions. (more...)
Verizon says Yahoo's massive breach could impact deal
- October 14, 2016
Craig Silliman, Verizon's general counsel, told reporters on Thursday that the data breach could trigger a clause allowing it to withdraw from the deal, according to Reuters . The plan was to merge the two entities and form a digital advertising behemoth to take on Facebook and Google, but the Yahoo deal is yet to close. Yahoo has blamed the breach on a state-sponsored actor, without naming the country involved. (more...)
- October 14, 2016
Craig Silliman, Verizon's general counsel, told reporters on Thursday that the data breach could trigger a clause allowing it to withdraw from the deal, according to Reuters . The plan was to merge the two entities and form a digital advertising behemoth to take on Facebook and Google, but the Yahoo deal is yet to close. Yahoo has blamed the breach on a state-sponsored actor, without naming the country involved. (more...)
Gov't says colder weather will boost winter heating bills
- October 14, 2016
The U.S. Department of Energy is forecasting a sizable increase in heating costs this winter in the Midwest compared to past year. The yearly winter fuels outlook report from the U.S. are expected to be much colder than last winter east of the Rocky Mountains, with the Northeast and Midwest 17 percent colder and the South 18 percent colder. (more...)
- October 14, 2016
The U.S. Department of Energy is forecasting a sizable increase in heating costs this winter in the Midwest compared to past year. The yearly winter fuels outlook report from the U.S. are expected to be much colder than last winter east of the Rocky Mountains, with the Northeast and Midwest 17 percent colder and the South 18 percent colder. (more...)
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Dollar consolidation continues nudged by improving U.S. data