Markets


Board proceedings invalid, illegal, says 'shocked' Cyrus Mistry: 10 developments
- October 27, 2016

Mistry was also critical of the group's foreign acquisition strategy, saying it resulted in a massive debt burden, especially the buyout of its European steel business which faced "potential impairments in excess of $10 billion". In an announcement made to his board today, the interim chairman said: "I look forward to working with you as we have worked together in the past". (more...)
United Kingdom clears third runway at Heathrow Airport
- October 27, 2016

The scheme will be taken forward in the form of a draft national policy statement (NPS), which will be consulted on in the New Year. The decision will not be made by Parliament until winter next year, but Mr Collier said it was important to look ahead. (more...)
Microsoft unveils new touchscreen desktop PC aimed to enable more creativity
- October 27, 2016

But there are always opportunities for improvement, and Microsoft addressed them in the new Surface Book i7. There is though something coming from Microsoft that is cheap, very cheap. Additionally, the Surface Studio is releasing alongside the new Surface Dial. When pressed, the Surface Dial brings up a new radial menu in Windows , allowing users to access functions and capabilities like Ink Replay that recreate pen strokes. (more...)
Tata Sons file multiple cavets in courts
- October 27, 2016

Earlier today, interim chairman Ratan N Tata asked the senior management of the conglomerate's firms to focus on their businesses without being concerned about the top level change. The petitions included one by Ratan Tata and others against Mistry. Both JLR and TCS have been most profitable companies of the group with most of revenues coming from the latter. (more...)
B/E Aerospace Inc.'s (BEAV): Traders Limelight B/E Aerospace Inc.'s (BEAV): Traders Limelight
- October 27, 2016

Jefferies Group reiterated a "hold" rating on shares of B/E Aerospace in a research note on Monday, August 1st. B/E Aerospace Inc . (NASDAQ:BEAV) is due to report its Earnings on Today. Dearborn Partners Lc has 0.05% invested in the company for 11,935 shares. The company's revenue for the quarter was up 7.8% compared to the same quarter a year ago. (more...)
Nearly all emergency funds for pipeline protest costs used
- October 27, 2016

The top executive at the company behind the embattled Dakota Access pipeline has donated more than US$100,000 to Republican presidential candidate Donald Trump since June, according to campaign finance disclosure records. Developer Energy Transfer Partners says the pipeline will be safe. Protester Mekasi Camp Horinek said Wednesday that activists "are going to hold this spot", and the Standing Rock Sioux tribe has put five ambulances on standby. (more...)
Tense standoff at Dakota Access protest encampment
- October 27, 2016

The protesters - they call themselves protectors - claim when the pipeline is constructed under the Missouri River, it could leak, damaging water quality for tens of thousands of people. Chamber of Commerce; Interstate Natural Gas Association of America; National Association of Manufacturers; Natural Gas Supply Association; Portland Cement Association; and The Association of Union Constructors. (more...)
Celtics open season with win over Nets Celtics open season with win over Nets
- October 27, 2016

Bojan Bogdanovic scored 21 for Brooklyn, including a 3-pointer to make it 120-117 with 47 seconds left. Unless Nets head coach Kenny Atkinson does something magical soon like adding a new scorer to his team, it looks like Jeremy Lin is bound for another disappointing season, similar to his time with the Los Angeles Lakers where the team piled up more losses than fans never thought to happen to a championship-savvy franchise. (more...)
Canara Bank Q2 profit drops 33% to Rs 357 crore Canara Bank Q2 profit drops 33% to Rs 357 crore
- October 27, 2016

Total income dropped to Rs 12,187.12 crore during the quarter from Rs 12,477.95 crore in the year-ago period, the bank said in a statement. However, since the year-ago period came before the Reserve Bank of India's asset quality review, the y-o-y change in gross and net NPA were as high as 554 bps and 379 bps respectively. (more...)
Oil nudges down ahead of United States data; OPEC jostling weighs Oil nudges down ahead of United States data; OPEC jostling weighs
- October 27, 2016

Oil fell for a third day on Wednesday, nearing $50 a barrel for the first time in three weeks, as investors grew increasingly doubtful that OPEC members will agree to cut output and as USA inventories staged a surprisingly large increase. Yesterday, after API's report , WTI dropped back below US$50 a barrel, trading at US$49.30 when Oilprice reported on API's figures, and incurring a hefty 2.41-percent drop since the start of the trading session. (more...)
Lloyds manfully braves the Brexit treadmill
- October 27, 2016

In its results for the nine months to 30 September, the firm said pre-tax profit came in at £3.3bn, a 52% increase on the same period a year ago when pre-tax profit was £2.1bn. The banking industry's PPI bill already stands at more than £30 billion. Total income for the quarter was 4.3 billion pounds, broadly in line with Q3 2015. (more...)
SC moves forward with two frosh quarterbacks SC moves forward with two frosh quarterbacks
- October 27, 2016

Tennessee is 8-1 ATS in its last nine games on the road against SC. Bentley threw two touchdowns (both passes of over 25 yards) to players in one-on-one coverage, putting the ball right where he needed to for each score. "If you kind of look at this series, I believe that the last four games have been decided by 11 points". In 2012, Tyler Bray threw an interception with 36 seconds left to give SC the victory. (more...)
HIV in America: New York City Was First 'Hub' HIV in America: New York City Was First 'Hub'
- October 27, 2016

The scientists estimate that HIV came to the USA from Haiti in 1970 or 1971 and went undetected by doctors for years. In fact, he was one of many victims singled out because of his willingness to help epidemiologists, and due to a typographical misinterpretation. (more...)
In email to Board, Cyrus Mistry blames Ratan Tata for 'constant interference'
- October 27, 2016

In a surprising turn of events, Cyrus Mistry was relieved of his duties as the Chairman of the home-grown group and was replaced by Ratan Tata as the interim show-runner, till the board finds a suitable candidate as a permanent replacement. (more...)
Stock Earnings under Consideration: Weatherford International Plc (NYSE:WFT)
- October 27, 2016

Weatherford International had a negative return on equity of 13.41% and a negative net margin of 33.73%. BlackRock Institutional Trust Company N.A. The analysts estimated mean EPS at -0.18 while the high and low EPS estimate stand at -0.11 and -0.23 respectively. Approximately 70% of analysts tracking Weatherford International ( WFT ) recommended a "buy" for the company's stock, while ~21% rated the stock "hold" or some equivalent. (more...)
Intraday Movers - Facebook, (NASDAQ:FB), Juniper Networks, (NYSE:JNPR) Intraday Movers - Facebook, (NASDAQ:FB), Juniper Networks, (NYSE:JNPR)
- October 27, 2016

The share price is now at 96.21% for the past six months. Finally, Deutsche Bank AG lowered shares of Juniper Networks from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $30.00 to $22.00 in a research note on Wednesday, July 6th. (more...)
California Is Considering Criminal Charges Against Wells Fargo California Is Considering Criminal Charges Against Wells Fargo
- October 27, 2016

On Oct. 5, state investigators served search warrants at the bank's iconic headquarters at 420 Montgomery St.in San Francisco. The company admitted last month that employees opened unauthorized accounts in customers' names to meet sales goals. (more...)
Investors Catching Stocks: Akamai Technologies, Inc. (NASDAQ:AKAM) Investors Catching Stocks: Akamai Technologies, Inc. (NASDAQ:AKAM)
- October 27, 2016

Akamai Technologies shares have increased 12 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 5 percent. The stock was sold at an average price of $53.49, for a total value of $1,116,603.75. The short ratio in the company's stock is documented at 5.25 and the short float is around of 6.84%. (more...)
County unemployment up, but still 10th lowest in Ohio County unemployment up, but still 10th lowest in Ohio
- October 27, 2016

According to information from the Ohio Department of Job and Family Services, the unemployment rate was 4.6 percent in September, up from 4.4 percent in August. The number of jobless stood at 1,000 last month and 1,200 in September 2015.Nevertheless, the Labor Department reports that 100 fewer people had jobs last month compared with a year 19,200 compared to 19,230. (more...)
Khizr Khan on Trump immigration plans: 'This hate is un-American' Khizr Khan on Trump immigration plans: 'This hate is un-American'
- October 27, 2016

Less than two weeks before Election Day - and with polls showing him trailing in many battleground states - Trump took a break from campaigning Wednesday morning to formally open his new hotel in Washington . Khizr Khan, Captain Khan's father, who gave a famous speech at the Democratic National Convention, quickly responded by saying: "This is the most cruel thing you can say to grieving parents, that if I was there this would not have happened". (more...)