Markets
SunTrust Banks, Inc.'s (STI)
- October 26, 2016
The company pays a US$0.26-cent-per-share quarterly dividend, giving it a 2.29% yield. CENTRAL TRUST Co increased its stake in shares of SunTrust Banks by 6.1% in the third quarter. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.15 billion. SunTrust Banks had a return on equity of 8.53% and a net margin of 22.31%. (more...)
- October 26, 2016
The company pays a US$0.26-cent-per-share quarterly dividend, giving it a 2.29% yield. CENTRAL TRUST Co increased its stake in shares of SunTrust Banks by 6.1% in the third quarter. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.15 billion. SunTrust Banks had a return on equity of 8.53% and a net margin of 22.31%. (more...)
Melania Trump rejects sex assault allegations against her husband
- October 26, 2016
Melania Trump is standing by her husband after multiple women have come forward claiming Donald Trump has groped them or kissed them forcibly in the past. "My husband is kind and he is a gentleman and he would never do that". "Bush, a host on NBC's TODAY , is leaving the show effective Monday, according to an internal memo sent to staff by senior vice president Noah Oppenheim , who oversees the broadcast", NBC News said. (more...)
- October 26, 2016
Melania Trump is standing by her husband after multiple women have come forward claiming Donald Trump has groped them or kissed them forcibly in the past. "My husband is kind and he is a gentleman and he would never do that". "Bush, a host on NBC's TODAY , is leaving the show effective Monday, according to an internal memo sent to staff by senior vice president Noah Oppenheim , who oversees the broadcast", NBC News said. (more...)
Ex- Karnataka CM BS Yeddyurappa acquitted by CBI court
- October 26, 2016
Raghavendra and B.Y. Vijayendra and son-in-law Sohan Kumar, a Bellary-based private steel company and a Shimoga based Trust run by the family of Yeddyurappa for alleged abuse of official position and corruption. An additional Rs 20 crore was donated to the Trust by companies affiliated to JSW. The Yeddyurappa family had also been accused of BDA notified land of 1 acre to one of the JSW affiliate for RS 20 crore, when the market price was only RS 5.5 crore. (more...)
- October 26, 2016
Raghavendra and B.Y. Vijayendra and son-in-law Sohan Kumar, a Bellary-based private steel company and a Shimoga based Trust run by the family of Yeddyurappa for alleged abuse of official position and corruption. An additional Rs 20 crore was donated to the Trust by companies affiliated to JSW. The Yeddyurappa family had also been accused of BDA notified land of 1 acre to one of the JSW affiliate for RS 20 crore, when the market price was only RS 5.5 crore. (more...)
Volkswagen Receives Final Approval On $14.7 Billion Dieselgate Buyback Plan
- October 26, 2016
After the U.S. Environmental Protection Agency and California spent more than a year trying to understand the cause, VW admitted last year it secretly installed software to turn off emissions equipment in real-world driving. "We've totally screwed up", said Michael Horn at the time. Volkswagen must fix or buy back 85 percent of the 475,000 vehicles under the agreement by June 2019 or face additional costs. (more...)
- October 26, 2016
After the U.S. Environmental Protection Agency and California spent more than a year trying to understand the cause, VW admitted last year it secretly installed software to turn off emissions equipment in real-world driving. "We've totally screwed up", said Michael Horn at the time. Volkswagen must fix or buy back 85 percent of the 475,000 vehicles under the agreement by June 2019 or face additional costs. (more...)
Venezuela's Opposition Presses Moves Against President
- October 26, 2016
Congress also voted to force Maduro to testify November 1 in front of the full legislature, while thousands of government followers took to the streets to support the president. "For those who condemn our country, it just reacted before a parliamentary coup d'etat, and it will do it one thousand times", Diosdado Cabello, the vice president of the ruling party and former head of the National Assembly, tweeted . (more...)
- October 26, 2016
Congress also voted to force Maduro to testify November 1 in front of the full legislature, while thousands of government followers took to the streets to support the president. "For those who condemn our country, it just reacted before a parliamentary coup d'etat, and it will do it one thousand times", Diosdado Cabello, the vice president of the ruling party and former head of the National Assembly, tweeted . (more...)
Cantor Fitzgerald Analysts Raise Earnings Estimates for International Business Machines Corp. (IBM)
- October 26, 2016
Following the completion of the sale, the insider now owns 6,977 shares of the company's stock, valued at $1,060,852.85. In most recent quarter, LT Debt/Equity ratio was listed at 2.09 and Total Debt/Equity ratio was noted at 2.50. The firm earned $19.23 billion during the quarter, compared to analysts' expectations of $19 billion. Historical Quarterly Earnings: Last quarter, International Business Machines Corporation generated almost $19.23B in sales and net income of $3.29/share. (more...)
- October 26, 2016
Following the completion of the sale, the insider now owns 6,977 shares of the company's stock, valued at $1,060,852.85. In most recent quarter, LT Debt/Equity ratio was listed at 2.09 and Total Debt/Equity ratio was noted at 2.50. The firm earned $19.23 billion during the quarter, compared to analysts' expectations of $19 billion. Historical Quarterly Earnings: Last quarter, International Business Machines Corporation generated almost $19.23B in sales and net income of $3.29/share. (more...)
ChemChina ready for concessions to clinch delayed Syngenta deal in 2017
- October 26, 2016
Mr Fyrwald said on Tuesday that the groups "now expect the regulatory process to extend into the first quarter of 2017", rather than meeting the end-2016 deadline previously proposed. Fyrwald dismissed suggestions that the deal could be complicated by a possible merger of ChemChina and Sinochem. "We think the (Commission) is playing political poker to secure for the European Union important points (i.e. (more...)
- October 26, 2016
Mr Fyrwald said on Tuesday that the groups "now expect the regulatory process to extend into the first quarter of 2017", rather than meeting the end-2016 deadline previously proposed. Fyrwald dismissed suggestions that the deal could be complicated by a possible merger of ChemChina and Sinochem. "We think the (Commission) is playing political poker to secure for the European Union important points (i.e. (more...)
Massachusetts voters set to begin casting ballots early
- October 26, 2016
This is the third Presidential cycle with early voting. In order to be prepared for voters Dallas County election officials doubled the number of polling places and workers. Even before early voting began, more than 1 million Floridians already had voted by mail. At least cast a provisional ballot. Schoon said 5,067 had cast walk-in votes and 2,592 have mailed in absentee ballots in Porter County. (more...)
- October 26, 2016
This is the third Presidential cycle with early voting. In order to be prepared for voters Dallas County election officials doubled the number of polling places and workers. Even before early voting began, more than 1 million Floridians already had voted by mail. At least cast a provisional ballot. Schoon said 5,067 had cast walk-in votes and 2,592 have mailed in absentee ballots in Porter County. (more...)
Residents protest as businesses welcome Heathrow decision
- October 26, 2016
It has been a long-standing supporter of Heathrow - providing certain environmental conditions were met. Gatwick Airport remains "ready to proceed" following the green-light for expansion at London Heathrow earlier. The construction of the third runway could prove catastrophic for many, as almost 783 homes are slated to be razed. Two Cabinet ministers - Boris Johnson and Justine Greening - condemned the move and dozens of Conservatives are expected to oppose the further expansion ... (more...)
- October 26, 2016
It has been a long-standing supporter of Heathrow - providing certain environmental conditions were met. Gatwick Airport remains "ready to proceed" following the green-light for expansion at London Heathrow earlier. The construction of the third runway could prove catastrophic for many, as almost 783 homes are slated to be razed. Two Cabinet ministers - Boris Johnson and Justine Greening - condemned the move and dozens of Conservatives are expected to oppose the further expansion ... (more...)
Munster to honour coach in Glasgow game
- October 26, 2016
His widow Olive and two young sons Tony and Dan, both wearing Munster jerseys, were supported by his father Brendan, himself a former Ireland worldwide, amid emotional scenes in county Clare. "At the same time, we'll all be thinking of him and whenever they make the arrangements I'm sure there'll be a busload of us heading down to pay our respects". (more...)
- October 26, 2016
His widow Olive and two young sons Tony and Dan, both wearing Munster jerseys, were supported by his father Brendan, himself a former Ireland worldwide, amid emotional scenes in county Clare. "At the same time, we'll all be thinking of him and whenever they make the arrangements I'm sure there'll be a busload of us heading down to pay our respects". (more...)
Toddlers survive father's intentional jump from bridge in Wanaque
- October 26, 2016
The father , identified as John Spincken , jumped from an overpass along Interstate 187 in Wanaque, New Jersey , sometime after 7 p.m. EDT (2300 GMT) on Monday in what police have described as a suicide . Police tracked the auto by pinging the man's cell phone and they found it parked on a bridge. But his 1-and 3-year-old sons somehow lived. One of the boys suffered a collapsed lung and the other had a spinal injury. (more...)
- October 26, 2016
The father , identified as John Spincken , jumped from an overpass along Interstate 187 in Wanaque, New Jersey , sometime after 7 p.m. EDT (2300 GMT) on Monday in what police have described as a suicide . Police tracked the auto by pinging the man's cell phone and they found it parked on a bridge. But his 1-and 3-year-old sons somehow lived. One of the boys suffered a collapsed lung and the other had a spinal injury. (more...)
Coles sales pressured by tough competition
- October 26, 2016
The trend of weaker sales in petrol and convenience stores that showed up in the 2016 full-year profit has continued, with Coles Express sales down nearly 14 per cent for the quarter and comparable fuel volumes down 10.7 per cent. "How much market share Aldi is taking will become evident when Woolworths reports its quarterly results on Friday". Mr Durkan said the supermarket now had around 4000 items on Every Day low value, with fresh food remaining a key sales driver. (more...)
- October 26, 2016
The trend of weaker sales in petrol and convenience stores that showed up in the 2016 full-year profit has continued, with Coles Express sales down nearly 14 per cent for the quarter and comparable fuel volumes down 10.7 per cent. "How much market share Aldi is taking will become evident when Woolworths reports its quarterly results on Friday". Mr Durkan said the supermarket now had around 4000 items on Every Day low value, with fresh food remaining a key sales driver. (more...)
Gov. Mike Pence rallies for Donald Trump in Greensboro
- October 26, 2016
A day after suggesting the First Amendment to the Constitution may give journalists too much freedom, he insisted that the media are promoting biased polls to discourage his supporters from voting. The latest RealClearPolitics average of recent national polls puts Clinton ahead of Trump by 5.1 percentage points in a two-way matchup. The Clinton campaign, while celebrating the reversal of fortune from poorer polling in September, is trying to ensure that supporters don't decide that their ... (more...)
- October 26, 2016
A day after suggesting the First Amendment to the Constitution may give journalists too much freedom, he insisted that the media are promoting biased polls to discourage his supporters from voting. The latest RealClearPolitics average of recent national polls puts Clinton ahead of Trump by 5.1 percentage points in a two-way matchup. The Clinton campaign, while celebrating the reversal of fortune from poorer polling in September, is trying to ensure that supporters don't decide that their ... (more...)
Paul Beatty's The Sellout wins 2016 Man Booker Prize for fiction
- October 26, 2016
Set in rural California (a small ghetto near Los Angeles called Dickens), its central character is a black farmer accused of re-introducing segregation and slavery. The Sellout by Paul Beatty is available now through Oneworld Publishing. And it seems that, in times like these-when the absurd is nearly inseparable from reality-we need works like The Sellout to drive us out to the far end of absurdism, so that we may be reminded that there'd once existed a former world of reason. (more...)
- October 26, 2016
Set in rural California (a small ghetto near Los Angeles called Dickens), its central character is a black farmer accused of re-introducing segregation and slavery. The Sellout by Paul Beatty is available now through Oneworld Publishing. And it seems that, in times like these-when the absurd is nearly inseparable from reality-we need works like The Sellout to drive us out to the far end of absurdism, so that we may be reminded that there'd once existed a former world of reason. (more...)
Shares in Italian bank Monte Paschi rally on new plan
- October 26, 2016
Italy's troubled lenders overall hold 360 billion euros of bad loans - about a third of the eurozone's total. Shares in Banca Monte dei Paschi di Siena BMPS.MI turned negative with the sector and were suspended from trading after a 23 percent drop. (more...)
- October 26, 2016
Italy's troubled lenders overall hold 360 billion euros of bad loans - about a third of the eurozone's total. Shares in Banca Monte dei Paschi di Siena BMPS.MI turned negative with the sector and were suspended from trading after a 23 percent drop. (more...)
Apple Quarterly Sales Fall, Holiday Forecast Calls For Gains
- October 26, 2016
Other areas of the company's business aren't popping any corks today, either. iPad unit sales contracted six percent from a year ago to 9.2 million units, and iPad revenue was flat year-on-year at $4.2 billion. Analysts had expected revenue of $46.94 billion (around Rs 3,13,641 crore) in the quarter, according to Thomson Reuters. Apple expects revenues to start growing again next quarter driven by huge demand for the iPhone 7. (more...)
- October 26, 2016
Other areas of the company's business aren't popping any corks today, either. iPad unit sales contracted six percent from a year ago to 9.2 million units, and iPad revenue was flat year-on-year at $4.2 billion. Analysts had expected revenue of $46.94 billion (around Rs 3,13,641 crore) in the quarter, according to Thomson Reuters. Apple expects revenues to start growing again next quarter driven by huge demand for the iPhone 7. (more...)
Whirlpool Corp. (NYSE:WHR) Earnings Advance 1% In Q3
- October 26, 2016
Analysts' estimates typically exclude special items. Revenue of $5.25 billion fell short of Wall Street's projections of $5.32 billion. Whirlpool Corp . The firm has a market cap of $12.61 billion, a P/E ratio of 14.82 and a beta of 1.61. Winslow Evans & Crocker Inc. now owns 704 shares of the company's stock worth $117,000 after buying an additional 76 shares during the last quarter. (more...)
- October 26, 2016
Analysts' estimates typically exclude special items. Revenue of $5.25 billion fell short of Wall Street's projections of $5.32 billion. Whirlpool Corp . The firm has a market cap of $12.61 billion, a P/E ratio of 14.82 and a beta of 1.61. Winslow Evans & Crocker Inc. now owns 704 shares of the company's stock worth $117,000 after buying an additional 76 shares during the last quarter. (more...)
Crude Oil Stable in the Early Hours of Friday, October 21
- October 26, 2016
This was larger than the American Petroleum Institute's forecast, released on Tuesday, for a drop of 3.8 million barrels, and erased the 4.9 million barrel gain recorded by the EIA in the prior week. "This is predominately being driven by the dollar's strength", Matt Smith, director of commodity research New York's ClipperData said, referring to Thursday's retreat. (more...)
- October 26, 2016
This was larger than the American Petroleum Institute's forecast, released on Tuesday, for a drop of 3.8 million barrels, and erased the 4.9 million barrel gain recorded by the EIA in the prior week. "This is predominately being driven by the dollar's strength", Matt Smith, director of commodity research New York's ClipperData said, referring to Thursday's retreat. (more...)
CABE meeting to be held in New Delhi today
- October 26, 2016
States may soon review the "No Detention" policy that does not allow any student to be failed till class 8. Those which do not want any changes in the no-detention policy will also be free to continue with it. The minister said this after a meeting here of the Central Advisory Board of Education (CABE). "It is our internal matter as the CBSE comes under the HRD Ministry". (more...)
- October 26, 2016
States may soon review the "No Detention" policy that does not allow any student to be failed till class 8. Those which do not want any changes in the no-detention policy will also be free to continue with it. The minister said this after a meeting here of the Central Advisory Board of Education (CABE). "It is our internal matter as the CBSE comes under the HRD Ministry". (more...)
European Central Bank to discuss future of bond buying scheme in December
- October 26, 2016
The central bank voted to leave interest rates at 0%, the marginal lending facility at 0.25% and the deposit facility at -0.40%, which was also anticipated. The single currency briefly spiked on Draghi's comments that an extension of the bond-buying programme had not been discussed but reversed course to slide to seven-month lows with EUR/USD dipping below 1.1000. (more...)
- October 26, 2016
The central bank voted to leave interest rates at 0%, the marginal lending facility at 0.25% and the deposit facility at -0.40%, which was also anticipated. The single currency briefly spiked on Draghi's comments that an extension of the bond-buying programme had not been discussed but reversed course to slide to seven-month lows with EUR/USD dipping below 1.1000. (more...)
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