Markets


Prices up 0.2% in September quarter Prices up 0.2% in September quarter
- October 21, 2016

The Labor Department said Tuesday that consumer prices increased 0.3 percent last month. Sterling has so far fallen nearly 20 per cent against the dollar following the June Brexit vote. Core CPI, which is based on all items excluding food and fuel, slowed from August's 0.3% growth to increase 0.1% and was up 2.2% for the 12 months ended September 30. (more...)
Attack in Afghanistan killed Illinois solider, Oklahoma man Attack in Afghanistan killed Illinois solider, Oklahoma man
- October 21, 2016

Another servicemember and two other US civilians sustained injuries in the attack and were in stable condition. "Our sympathies go out to the families, loved ones, and the units of those involved in this incident". The ammo plant says all three men were part of a North Atlantic Treaty Organisation mission to train, advise and assist Afghan security forces. According to the statement, Riney served as a petroleum supply specialist when he entered active duty in July of 2012 and was later ... (more...)
Sanders, Warren scold Wells Fargo over military treatment
- October 21, 2016

His letter, recommending a 12-month suspension, will be on next Tuesday's Board of Supervisors' agenda. The third-largest bank in the country, Wells Fargo, is in big trouble. One factor that made Wells Fargo competitive in earning the City's business was a commitment to socially responsible banking practices by providing service and outreach to all members of our community. (more...)
Measure 97 not a bandaid for education needs Measure 97 not a bandaid for education needs
- October 21, 2016

The measure will raise about $3 billion a year, and it directs the funds to go toward public education, health care and senior services. It would eliminate the tax now paid by such companies, which is capped at $100,000 per year. This is consistent with a pattern from the OR corporate lobby, which has come out guns blazing against Measure 97 . The large corporations that oppose Measure 97 try to scare voters into thinking that the tax will be passed on to consumers. (more...)
Short Interest in Micron Technology Inc. (MU) Declines By 8.7%
- October 21, 2016

The corporation has a market cap of US$637.49 Billion. Micron Technology has a 52-week low of $9.31 and a 52-week high of $19.05. The company had revenue of $3.22 billion for the quarter. Also, VP Brian Shirley sold 90,014 shares of the company's stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $17.72, for a total transaction of $202,433.28. (more...)
Things to Look For When Honeywell International Reports Earnings Things to Look For When Honeywell International Reports Earnings
- October 21, 2016

Honeywell funded around £250m in restructuring and other actions from a $0.07 increase in first and second-quarter EPS caused by an accounting standard adoption and the $0.14 gain related to the sales of its government services business. Earnings Estimates: "19" Analysts are saying that the company to announce quarterly earnings of 1.75$ per share for current quarter period Quarter Ending Dec-16. (more...)
Clinton Proposes Doubling Child Tax Credit Clinton Proposes Doubling Child Tax Credit
- October 21, 2016

Moreover, Ross said , that plan will not be affected by another Trump proposal that offers a tax-rate cut to income from partnerships, the structure that many investment funds use. But her plan to expand a tax credit available to people with children and tweak it slightly to make it available to the poorest Americans could dramatically reduce poverty. (more...)
Renault, Nissan and Mitsubishi join forces
- October 21, 2016

Ghosn, CEO of Japan's Nissan Motor, is due to hold a news conference amid reports he will become chairman of Mitsubishi Motors , presiding over efforts to turn the troubled automaker around. Mr Ghosn will not be the only Nissan executive taking a role at Mitsubishi. "I speak for all of us when I say we will give our absolute commitment to support Mitsubishi Motors ", Ghosn said at a joint news conference by the two companies. (more...)
Bombardier cutting 7500 jobs in a second punishing wave this year Bombardier cutting 7500 jobs in a second punishing wave this year
- October 21, 2016

The Montreal-based company says cutting their labour force will save around US$300 million a year, and will lead to profitability by 2020. The firm said the job cuts will mean restructuring charges of between £184-£224m in the fourth quarter of the year - as well as into 2017. (more...)
Wall St. rallies on strong corporate earnings reports Wall St. rallies on strong corporate earnings reports
- October 21, 2016

The S&P 500 was up 6.62 points, or 0.31 percent, at 2,146.22 and the Nasdaq Composite was up 3.83 points, or 0.07 percent, at 5,247.67. In Australia, ASX All Ordinaries Index fell 0.06%, while South Korea's Kospi Index was down 0.33%. "I think there is growing consensus that perhaps this a turnaround in the earnings for the S&P 500", said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. (more...)
Dollar Hits 7-Month High After ECB Meeting
- October 21, 2016

ECB President Mario Draghi told a press conference that neither the question of extending the asset purchase program nor of tapering had been discussed at the Governing Council Meeting on Thursday, which takes place every six weeks to make interest rates decision. (more...)
Wells Fargo CEO to employees: I never imagined leaving 'under these circumstances'
- October 21, 2016

Stumpf had already relinquished $4- million in unvested equity awards, his -...-6 bonus and his salary during the investigation as a result of the misdeeds under his watch. As is normal with this sort of announcement, the bank disclosed Stumpf's departure toward the end of the trading session. Prior to the scandal, Wells Fargo had been the world's largest bank by market value. (more...)
Rahul crossed all limits with his 'dalali' remark: Amit Shah Rahul crossed all limits with his 'dalali' remark: Amit Shah
- October 21, 2016

BJP president Amit Shah on Friday attacked Gandhi, asking whether " dalali " was an appropriate word used in reference for the Indian Army and their valiant efforts in serving the nation. Those who were in jail, got externed, had murder cases against them are telling us that we are at fault. "Stop this "poster-baazi". Stop doing politics on the Army's successes", Sibal told the BJP, adding that if they did so questions will be raised. (more...)
Inflation at near two-year high amid rise in clothing prices Inflation at near two-year high amid rise in clothing prices
- October 21, 2016

But prescription medications only account for about 1.4 percent of the Consumer Price Index. Consumer prices grew by 1 per cent in September, up from 0.6 per cent a month earlier, hitting their highest level since November 2014, even before any impact from the falling pound is considered. (more...)
Ericsson Is Suffering in North America Ericsson Is Suffering in North America
- October 21, 2016

Ericsson's operating profit in the quarter fell to 0.3 billion Swedish crowns ($33.7 million) from 5.1 billion crowns a year ago, a 93% fall, while sales dropped 14% to 51.1 billion, the company confirmed on Friday. Adding to its troubles, the company has been without a permanent CEO since ousting Hans Vestberg in July. He said the decline was particularly strong in regions with a weak macro-economic environment, pointing to Latin America, Middle East and Sub-Saharan Africa. (more...)
Analysts Recommendations: Occidental Petroleum Corporation (NYSE:OXY) Analysts Recommendations: Occidental Petroleum Corporation (NYSE:OXY)
- October 21, 2016

MA increased its position in shares of Occidental Petroleum Corp .by 4.6% in the second quarter. Artemis Investment Management LLP now owns 1,649,405 shares of the company's stock valued at $124,637,000 after buying an additional 747,071 shares during the last quarter. (more...)
Associated Press Threat at Arizona GOP office follows fire in North Carolina
- October 21, 2016

Melted campaign signs are seen at the Orange County Republican Headquarters in Hillsborough, NC on Sunday, Oct. 16, 2016. He urged anyone with tips to contact the state's top law enforcement agency. Graffiti found on a nearby building said, " Nazi Republicans leave town or else". "Animals representing Hillary Clinton and Dems in North Carolina just firebombed our office in Orange County because we are winning", Donald Trump's Twitter account states. (more...)
Sensex stays positive, jumps 80 points after Asia upmove Sensex stays positive, jumps 80 points after Asia upmove
- October 21, 2016

The barometer 30-scrip sensitive index (Sensex) dipped by 66.51 points or, 0.24 per cent at the closing. Yes Bank, BPCL, TCS, Dr Reddy's Labs, ITC, Idea Cellular and Tata Motors were also among the gainers. The Nifty recorded day high and low at 8727 and 8678.30 points respectvely. Indian stock markets ended Thursday's trading with gains amid mixed trends in other Asian markets and cautious trading on European stock exchanges ahead of the crucial European Central Bank (ECB) meeting later ... (more...)
Militants Attack Police Compound in Northern Iraq's Kirkuk
- October 21, 2016

American forces will also be exposed to greater risk during the operation, as US advisers accompany local units closer to the front lines. USA defence officials did not immediately identify the service member, or say whether he or she was one of the more than 100 U.S. (more...)
Hillary Clinton proposes doubling the child tax credit, offering new cash benefit
- October 21, 2016

Hillary Clinton's tax plan works in the opposite direction. "It's just a really odd year with the potential new rules that may significantly reduce discounting coupled with each candidate's proposed tax policies and a U.S. Last night, she also repeated her call for an additional surcharge on those earning $5 million or more, adding 4 percentage points to marginal tax rates. (more...)

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