Markets


Recent analysts Ratings: Cenovus Energy Inc. (NYSE:CVE) Recent analysts Ratings: Cenovus Energy Inc. (NYSE:CVE)
- October 28, 2016

Bank of America Corp. initiated coverage on shares of Suncor Energy in a report on Friday, August 19th. The stock has "Neutral" rating given by Citigroup on Wednesday, April 20. Refinery crude throughput improved to a record 465.6K bbl/day in Q3 from 444.8K in the prior-year quarter. More notable recent Suncor Energy Inc. (more...)
Barrick Gold posts higher Q3 earnings Barrick Gold posts higher Q3 earnings
- October 28, 2016

Will the stock hold onto the upward movement today? Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 6 analysts of Thomson Reuters, 21 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating. (more...)
Spain: Rajoy Pushed to 2nd Vote in Bid to Form Govt Spain: Rajoy Pushed to 2nd Vote in Bid to Form Govt
- October 28, 2016

As expected, Rajoy lost this vote and he will go through a second, final and decisive vote at the weekend which he will likely win thanks to a decision by the Socialists to abstain. In both cases Rajoy's party won most seats but fell short of a majority and could not reach agreement with other parties to form a coalition. He said the party, which has 84 deputies, would abstain in the second vote exclusively to avoid making Spaniards face a third election. (more...)
Marathon Petroleum Corp(NYSE:MPC) Declares Dividend of $0.3600 Marathon Petroleum Corp(NYSE:MPC) Declares Dividend of $0.3600
- October 28, 2016

The company has its Price to Sales (P/S) ratio of 2.71 where Price to Book (P/B) ratio of 0.63, Price to Cash Per share (P/C) of 0 and Price to Free Cash Flow (P/FCF) has a value of 0. Integrated Investment Consultants LLC now owns 7,092 shares of the company's stock valued at $106,000 after buying an additional 2,234 shares in the last quarter. (more...)
Walmart Unveils Holiday Plans: Invests in Pickup, Introduces Holiday Helpers Walmart Unveils Holiday Plans: Invests in Pickup, Introduces Holiday Helpers
- October 28, 2016

Executives at the world's biggest retailer announced plans Wednesday to improve service and experience at their stores this fall in an effort to make shopping during the holiday season less stressful. -based retailer also say it is "dramatically" upping the number of items available through its Pickup service , to further streamline shopping. Walmart also plans to hire additional managers to oversee store pickup, which increases up to five times as much as normal during the holidays. (more...)
Australian theme park cancels opening 3 days after 4 deaths
- October 28, 2016

The attraction, in Gold Coast, about 45 minutes from Brisbane, is the largest theme park in Australia and attracts around 1.8 million visitors each year. Earlier on Thursday, Assistant Commissioner Brian Codd said the area where the tragedy occurred was still subject to a crime scene warrant under the provisions of the Coroner's Act. (more...)
Australian bidders withdraw Kidman offer Australian bidders withdraw Kidman offer
- October 28, 2016

Ms Rinehart's Hancock Group is bidding with China-based Shanghai CRED for S Kidman and Co and its 101,000 square kilometres of land across three states and the Northern Territory. Rinehart, however, said should regulatory approval not be obtained, she will buy S. Kidman exclusively - removing any need for regulatory approval. (more...)
Uber's self-driving truck makes successful Budweiser delivery Uber's self-driving truck makes successful Budweiser delivery
- October 28, 2016

For the majority of that 120-mile trip, the truck's driver left his seat and observed the road from the comfort of the sleeper berth. After departing Anheuser-Busch's Loveland, Colo. Otto's truck was actually driven by a human driver from a depot in Anheuer-Busch to a weigh station in Fort Collins. The truck used cameras, radar and lidar (think radar, but with lasers) to " see " the road, while the car's internal computer system controlled the steering, acceleration and breaking. (more...)
Fired Wells Fargo Employees Allege Attempts To Blow The Whistle
- October 28, 2016

Sun Life Financial INC bought a new stake in shares of Wells Fargo & Co. during the first quarter worth $93,093,000. The full effect of the scandal won't be felt until the current quarter. "We know that it will take time and a lot of hard work to earn back our reputation, but I am confident because of the incredible caliber of our team members", Sloan said. (more...)
US goods orders dip slightly in September US goods orders dip slightly in September
- October 28, 2016

Orders in the category that serves as a proxy for business investment plunged 1.2 percent in September, the biggest setback since a 2.1 percent drop in February. Orders for autos, for example, climbed 1.2% and bookings for commercial aircraft accelerated by 12.5%. Manufacturing output rose 0.2% in September, the Federal Reserve said earlier this month, and increased at an annual rate of 0.9% in the third quarter. (more...)
Putin says US 'hysteria' over Russia is election ploy Putin says US 'hysteria' over Russia is election ploy
- October 28, 2016

Speaking about Syria - perhaps the biggest source of tension between the United States, the UK and Russian Federation at present - Mr Putin charged the USA with repeatedly failing to honour its undertakings, specifically on separating extremist Jabhat al-Nusra forces and other rebels fighting Bashar al-Assad's government. (more...)
Twitter cuts staff, kills off Vine app amid pressure to grow
- October 28, 2016

Adjusted profit of 13 cents per share on revenue of $616 million. The company is "more disciplined about how we invest in the business" and intends to be profitable in 2017, said Chief Financial Officer Anthony Noto. Analysts on Thursday took Dorsey's words with a grain of salt. Since then, Dorsey has drawn criticism from some analysts for splitting his time between Twitter and Square. (more...)
CenturyLink in advanced merger talks with Level 3 Communications CenturyLink in advanced merger talks with Level 3 Communications
- October 28, 2016

CenturyLink and Level 3 are very skilled in making large acquisitions as a way to enhance their service portfolios. Both companies have been acquirers in the telecom market place as they've tried to expand beyond their base. Level 3, with a market value of $16.8 billion, is slightly larger than CenturyLink , which has a market value of $15.2 billion. CenturyLink rose almost 10% to 31 in afternoon trading on the stock market today, hitting 33.45 intraday. (more...)
Bernie Sanders Fights AT&T Merger, Says He Bernie Sanders Fights AT&T Merger, Says He"ll Pressure Clinton"
- October 28, 2016

AT&T's acquisition of Time Warner is known as a vertical deal because it would bring together the distribution of the largest satellite-TV provider and the second-largest wireless company with the content produced by the HBO premium cable channel and the Warner Bros. (more...)
Rested McIlroy looks to reignite season in Shanghai
- October 28, 2016

In the wake of his comments a year ago McIlroy, who grew up in a middle class family in Northern Ireland, was asked some further questions about his relationship with money and provided some thoughtful responses. No matter what club he is using. The world number three is looking to win the Race to Dubai for the third year in succession and fourth time in the last five years, but is more than a million points behind Masters champion Danny Willett, who has a lead of more than 400,000 points ... (more...)
China's Communist Party anoints Xi Jinping as 'core' leader China's Communist Party anoints Xi Jinping as 'core' leader
- October 28, 2016

The announcement was made at the end of a four-day party conclave in Beijing, the official Xinhua News Agency said, citing an official communique. That "the CPC Central Committee with Comrade Xi Jinping as the core" was officially put forward at the meeting is "where the fundamental interests of the Party and state lie", said Liu Qibao, a member of the Political Bureau of the CPC Central Committee and head of the CPC Central Committee's Publicity Department. (more...)
Hyundai, Kia reach $41.2m settlement with multiple states Hyundai, Kia reach $41.2m settlement with multiple states
- October 28, 2016

In total, the automakers paid an overall $41.2 million settlement, the culmination of an investigation into the companies' business practices during a time of exceptionally high gasoline prices. In June 2014, Ford Motor Co lowered fuel economy ratings on six new vehicles, including the rating on the Lincoln MKZ hybrid by 7 miles per gallon. (more...)
Police begin arresting pipeline protesters in North Dakota
- October 28, 2016

Northwest Indiana officers from the Indiana Department of Homeland Security District 1 Task Force were deployed Saturday and will remain there for about two weeks under the contract, said Munster Police Chief Steve Scheckel, also the state's Homeland Security liaison. (more...)
Apple will launch iPhone 10 in 2017, instead of iPhone 8 Apple will launch iPhone 10 in 2017, instead of iPhone 8
- October 28, 2016

Demand was strong "particularly on the iPhone 7 Plus versus our forecast going into the product launch", Mr Cook said. Apple representatives at the call were however, upbeat about the performance of the company and focused on future growth areas. (more...)
Despite Positive EIA Data, Oil Falls on OPEC Cut Concerns Despite Positive EIA Data, Oil Falls on OPEC Cut Concerns
- October 28, 2016

Brent for December settlement slipped 13 cents to $50.66 a barrel on the London-based ICE Futures Europe exchange. United States crude inventories fell by 553,000 barrels to 468.2mln barrels in the week to October 21, according to data released by the USA official energy data provider. (more...)