Markets


PotashCorp slashes profit forecast for the third time this year
- October 28, 2016

Potash Corporation of Saskatchewan Inc.'s (POT), a part of Basic Materials sector and belongs to Agricultural Chemicals industry; ended its day with a gain of 0.78% and finalized at the price of $16.78. The ex-dividend date of this dividend is Friday, October 7th. Credit Suisse AG now owns 2,245,017 shares of the fertilizer maker's stock worth $36,459,000 after buying an additional 385,505 shares during the period. (more...)
UK Government approves third runway at Heathrow Airport UK Government approves third runway at Heathrow Airport
- October 28, 2016

He said: "Business will welcome the fact that the Government has finally taken this necessary decision in the national interest, ending years of frustrating prevarication". Theresa May told the Evening Standard it was a decision made "for jobs and growth" and showed that post-Brexit Britain will be an "open, global, successful country". (more...)
More malls will close on Thanksgiving More malls will close on Thanksgiving
- October 28, 2016

To prevent overcrowded stores on Black Friday , Walmart's sales will most likely launch earlier than Thanksgiving . "Among deals and offers the company will be having are some exclusive toys, a range of ugly Christmas sweaters, thousands of rollbacks on hot items, and even a new Roku 32" HDTV for $125 all throughout the months of November and December-the same price the TV went for during their Black Friday sale previous year. (more...)
Tatas look at options to buy out Shapoorji Pallonji's stake?
- October 28, 2016

As per the email, Mistry said he faced constant interference by his predecessor, Ratan Tata, to the point that he was pushed into becoming a "lame duck" chairman. "This is not the Tata way of doing business", said one source close to the Tata group in response to the letter. Tata Sons, the family holding company that controls the Tata Group, hit back immediately. (more...)
Democrats jump to early voting lead in NC Democrats jump to early voting lead in NC
- October 28, 2016

Two weeks out from Election Day in 2012, more than 80,000 registered Democrats had cast ballots in Cuyahoga County - an area where Clinton needs to win big to shut out Republican Donald Trump in Ohio. But you don't have to wait until November 8 to cast that ballot. As of October 21, Republicans have turned in 41.67 percent of early voting ballots, 40.26 percent are from Democrats, and non-partisan voters account for 15.45 percent. (more...)
Saints' Unger valued in New Orleans, missed in Seattle Saints' Unger valued in New Orleans, missed in Seattle
- October 28, 2016

Since joining Saints in 2006, QB Drew Brees is 2-3 vs. Seahawks, losing past three, including playoff games in 2010, 2013 seasons. "I'm very thankful for Max and very thankful that he is on our team". "It's current now because Jimmy is coming to town for the first time, but every guy in this locker room loved playing with Jimmy Graham and still loves Jimmy Graham ". (more...)
Is Trump making a comeback? New projections show gains
- October 28, 2016

The poll found in the traditionally Republican state of Georgia, 44 percent of likely voters back Trump while 43 percent support Clinton. The poll didn't offer Stein as an option. government business. Or it might just be something a bit more broad - that sense people have that Hillary is, at her core, a vile human being. "I do not even think it is a question of we are going to try and win", Trump said. (more...)
JP Morgan, Citi and Wells Fargo report quarterly losses
- October 28, 2016

The San Francisco bank is being roiled by a crisis that ultimately toppled its CEO this week. He admitted that senior management was responsible for the scheme in which Wells' branch staff had opened as many as 2 million accounts without customers' knowledge to meet internal sales targets. (more...)
Supporters Call Obamacare 'A Good Start' Despite Sharp Rate Increase
- October 28, 2016

Insurance companies are taking big losses, resulting in the large premium increases noted above-or leaving the website markets across the country. Polling has consistently found the public to be narrowly divided over Obamacare. The HHS report confirms news of double-digit rate increases that some state insurance regulators have been disclosing in recent weeks. Kentucky was one of eight states where premiums for single coverage continued to increase at a relatively high rate, however. (more...)
Trending Stocks Alert: Ocwen Financial Corp. (NYSE:OCN) Trending Stocks Alert: Ocwen Financial Corp. (NYSE:OCN)
- October 28, 2016

A look at performance overview of Ocwen Financial Corporation depicts that Performance (Week) is -2.6 percent while Performance Month is 10.32%. It has outperformed by 43.76% the S&P500. lowered their price objective on Ocwen Financial Corporation from $2.50 to $2.00 and set a "neutral" rating for the company in a research note on Monday, August 8th. (more...)
Uber creates history, makes self-driving commercial trucks
- October 28, 2016

The consignment contained 51,744 Budweiser beer cans. The driverless tractor-trailer was sandwiched between four Colorado state patrol cars and three vehicles from Otto. In fact they are working on self-driving cars and it also has a company that's working on self-driving trucks. "We view self-driving trucks as the future , and we want to be a part of that", said senior director of logistics strategy James Sembrot, The New York Times reported . (more...)
Market Traders Recap - Masco Corporation (NYSE:MAS) Market Traders Recap - Masco Corporation (NYSE:MAS)
- October 28, 2016

Analysts forecast earnings per share of $0.43, up exactly $0.09 or 26.47% from 2014's $0.34 EPS. The firm earned $1.88 billion during the quarter, compared to analyst estimates of $2.88 billion. The company most recent volume stood at 14.61 million shares as compared to average volume of 3.8 million shares. FMR LLC boosted its position in shares of Masco Corp.by 119.3% in the second quarter. (more...)
UK Government approves third runway at Heathrow
- October 28, 2016

Heathrow , Europe's busiest airport, had been battling with its smaller rival Gatwick for the right to expand, after successive governments failed to make a decision on a new runway due to environmental and political protests. "For business communities around the rest of the United Kingdom, connectivity into an expanded Heathrow is critical, even as regional airports develop their own links to overseas business destinations". (more...)
ECB holds benchmark interest rate at 0%, extends €80bn asset purchase programme
- October 28, 2016

Its aim is to increase inflation from a current worrisome low annual rate of 0.4 percent toward the bank's goal of just under 2 percent, which is considered consistent with a strong economy. "Our decisions in December will tell you what we are going to do in the coming months". The eurozone economy is chugging along, inflation is at a two-year high, national budget proposals suggest a bit more fiscal support and the early impact on eurozone economies of Britain's decision to leave the ... (more...)
Larkin leads Red Wings past Hurricanes 4-2 Larkin leads Red Wings past Hurricanes 4-2
- October 28, 2016

I mean, you have to really work to have a 39.2% even-strength CF in just one period. That is what Mrazek found important. This will be the best penalty kill the Wings see so far this season and it'll be interesting if they're still able to get pucks to middle, as has been the strategy with Green and Vanek. (more...)
Britain's economy grows after Brexit vote
- October 28, 2016

The latest data also show the imbalanced nature of United Kingdom growth, with services adding 0.6 percentage point to GDP in the quarter. The report covers the period since the vote in June to leave the European Union, as Britain came to terms with a decision that sparked a change of prime minister, a sharp drop in the pound, price spats between companies and the first Bank of England interest-rate cut in seven years. (more...)
British economy grows more than expected after Brexit vote
- October 28, 2016

The GDP growth numbers make it less likely the Bank of England will feel the need to cut interest rates further in order to stimulate the United Kingdom economy when its policymakers meet next week. However, pressure is starting to emerge for rates to go up: inflation hit its highest level for almost two years in September, at 1 per cent, and is expected to rise further as the plunging pounds ramps up costs. (more...)
Tesla Motors surprises with 3rd-quarter profit
- October 28, 2016

With these announcements, Tesla (NASDAQ:TSLA) has finally achieved an important milestone that its investors will be happy about. Brinkman's issues were both tied to Tesla's revenue beat. Tesla Motors Inc has 148,692,000 shares in issue which have a share price of 213.24 giving Tesla Motors Inc a market capitalisation of 31.71B United States dollars. (more...)
Qualcomm Buys NXP Semiconductors for $47 Billion
- October 28, 2016

The deal implies that Qualcomm will acquire 100% of the stake in NXPI Semiconductors for a consideration of $110 per share, which roughly translates into $38.5 billion for the entire NXP Semiconductor stock. The Qualcomm-NXP combo is the latest big splash in the M&A market. Shares of NXP , based in Eindhoven, Netherlands, gained more than 2 percent. San Diego-based Qualcomm , which gets most of its profit from wireless patents it licenses to the mobile industry, has been facing slowing ... (more...)
European Central Bank holds fire on its monetary stimulus European Central Bank holds fire on its monetary stimulus
- October 28, 2016

Draghi said. The decision to keep policy unchanged, which was widely anticipated across financial markets, came at a meeting of the bank's 25 member governing council at its headquarters in Frankfurt, Germany. The euro fell to a four-month low against the USA dollar on Thursday and the USA dollar index rose to a seven-month high after the European Central Bank kept the door open to more stimulus in December. (more...)

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