Markets


RBS: Williams & Glyn won't be sold before end of 2017 RBS: Williams & Glyn won't be sold before end of 2017
- November 04, 2016

Royal Bank of Scotland Group PLC said it may miss its long-term financial goals after slumping to a net loss in the third quarter partly on a provision for US legal settlements. Since the rescue, RBS has wracked up losses of more than £50 billion. The 73% taxpayer-owned bank was instructed to sell the branch network - which was to be known as Williams & Glyn - as a result of its £45bn bailout. (more...)
Clinton warns AT&T-Time Warner merger needs to be carefully monitored
- November 04, 2016

Time Warner Inc (NYSE:TWX) shares ended last trading session at the price of $87.16 whereas a number of traders indicating mean target price will hit $57.64 over the next twelve months, mean value of price target most recently revised on 10/25/16. (more...)
Obama says U.S. mulling alternate routes for North Dakota pipeline Obama says U.S. mulling alternate routes for North Dakota pipeline
- November 04, 2016

According to CBS News , Public Service Commission Chairwoman Julie Fedorchak said she was "extremely disappointed" that Texas-based Energy Transfer Partners took 10 days to report finding stone cairns and other artifacts on the pipeline site. (more...)
Tesla posts rare profit, stock pops 6%
- November 04, 2016

Immediately following the announcement, the company's shares rose almost 5 percent to $212.in after-hours trading. Tesla also lowered its forecast for capital spending this year to $1.8 billion from $2.25 billion. This is a powerful reminder of Tesla's ability to make a comeback despite the 16 percent drop that it suffered in shares throughout the year. The Tesla earnings report will be released after today's close (Wednesday), and as always, TSLA stock should be volatile today and ... (more...)
Malaysian Airlines MH370 was out of control when it vanished: ATSB
- November 04, 2016

MH370, a Boeing 777-200 with 239 passengers and crew aboard, disappeared from radar on March 8, 2014 while flying from Kuala Lumpur to Beijing. The report coincides with a three-day summit in Canberra, in which a team of worldwide and Australian experts will re-examine all the evidence and plan for future search missions. (more...)
Not so fast on Brexit; court says lawmakers get a vote
- November 04, 2016

Even if the Supreme Court upholds the High Court's ruling , that does not mean Brexit will not happen. "That is not for us to comment on". The court's ruling means that Parliament must first pass legislation approving Brexit to invoke Article 50 of the Lisbon Treaty , which formally begins the process for negotiating Britain's withdrawal. (more...)
Senate Sets Hearing on AT&T-TW Deal (T, TWX)
- November 04, 2016

Before any of that happens, however, AT&T will have to win over new users. Industry analysts say the package will primarily be targeted at the more than 20 million Americans who now don't pay for TV in any capacity. Sound familiar? It's what Sling TV does, among a handful of others. We're rapidly shifting toward online video consumption in the detriment of cable and satellite television services and AT&T wants to bet big on the trend, but it's entering a pretty crowded market. (more...)
Public Service Enterprise Group Inc. (PEG) Updates FY16 Earnings Guidance
- November 04, 2016

This appreciation has taken its current market value to20.62B and a price-to-earnings ratio to 14.73. On the company's financial health, Public Service Enterprise Group reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 31, 2016. (more...)
Cummins Inc. (NYSE:CMI) Performance Analysis Cummins Inc. (NYSE:CMI) Performance Analysis
- November 04, 2016

A number of other analysts also recently issued reports on CMI. Barclays PLC boosted their price objective on Cummins from $105.00 to $108.00 and gave the stock an underweight rating in a research note on Wednesday, October 12th. Yearly performance of the stock has the value of 18.71 percent. Also, CFO Pat Ward sold 5,000 shares of the company's stock in a transaction on Friday, August 12th. (more...)
Obama invites champion Cubs to White House
- November 04, 2016

I am so happy", Cubs slugger Kris Bryant said . It's kind of impossible to imagine, from the outside, the weight of 108 years. And that last part is the part that will always fascinate me. It had to be that way, it had to be. Fox topped its own record of 39.1 million who watched the Arizona Diamondbacks cap a two-run ninth-inning rally over the New York Yankees in Game Seven of the 2001 World Series. (more...)
Apple Financial Results For Quarter 4 Released
- November 04, 2016

Gross margin refers to profit before operating expenses, interest payments and taxes. Apple shares have climbed 12 percent since the beginning of the year, while the S&P 500 index has risen roughly 5 percent. The company also cited record revenues from its services business, which grew by 24%, reaching a total of $6.3 billion. That marks the third consecutive quarter when iPhone sales and overall revenue have declined from a year prior. (more...)
Cam Newton rips National Football League refs: 'I don't even feel safe'
- November 04, 2016

But when youre not protected in the pocket, thats another thing. And whatever I'm asked to do, that's what I'm going to do. "We're not going to out there to play dirty", he said . It didn't appear to be a coincidence that the NFL Network reported Monday morning that Newton has received nine roughing-the-passer calls since 2013, which is more than Tom Brady, Ben Roethlisberger or Aaron Rodgers have benefited from in that span. (more...)
Nintendo Switch dual gaming device launched Nintendo Switch dual gaming device launched
- November 04, 2016

At home, the Switch rests on the console connected to the TV. If you aren't a fan of the Joy-Con you can use a Nintendo Switch Pro Controller that looks similar to a traditional Xbox or other dual-analog controller. The new Nintendo Switch trailer only lasts for about three minutes, but there's a lot gamers can learn about it in that time. The trailer for the Nintendo Switch also showed off several games as well. (more...)
Fed resumes policy meeting, expected to hold rates steady Fed resumes policy meeting, expected to hold rates steady
- November 04, 2016

As it has before, the Fed said that even after it resumes raising rates, it's confident that the economy will expand moderately and the job market will strengthen. Kansas City Fed President Esther George and Cleveland Fed President Loretta Mester dissented in Wednesday's decision in favor of an immediate hike. (more...)
Revenue Update on Royal Dutch Shell plc(NYSE:RDS-A) Revenue Update on Royal Dutch Shell plc(NYSE:RDS-A)
- November 04, 2016

Finally, Liberum Capital reissued a hold rating and set a GBX 2,085 ($25.45) target price on shares of Royal Dutch Shell Plc in a research report on Monday. Royal Dutch Shell Plc ( LON:RDSA ) traded down 0.73% during trading on Wednesday, hitting GBX 2039.50. The GBX 2065.85 average target is 1.34% above today's (GBX 2038.5) stock price. (more...)
Symantec Corporation (NASDAQ:SYMC) from Security Software & Services - Todays Top Gains
- November 04, 2016

The Relative Volume of the company is 1.4 and Average Volume (3 months) is 8.69 million. But there is a consensus long-term growth estimate of $6.0667 by Research analysts on the Company. news, EVP Francis C. Rosch sold 3,336 shares of the stock in a transaction on Wednesday, September 7th. Vanguard Group Inc. now owns 55,082,579 shares of the company's stock valued at $1,131,397,000 after buying an additional 7,251,961 shares during the last quarter. (more...)
San Francisco Sues Developer Over Sinking Tower San Francisco Sues Developer Over Sinking Tower
- November 04, 2016

According to an investigation by the City Attorney's Office, the development team knew that the tower had already settled nearly 6 inches by the time the Tower was completed in early 2008. And Millennium Partners is pointing the finger at the Transbay Joint Powers Authority and development of the adjacent Transbay Transit Center for exacerbating the tower's settlement and tilt. (more...)
Brexit divergence puts Bank of England in a bind
- November 04, 2016

The pound was up 1.5 percent at $1.2484 as traders reacted to the news. Invoking Article 50 formally starts the two-year countdown to Britain's exit. When Bank of England governor Mark Carney ( pictured below) was asked whether interest rates will go higher or lower from here at a press conference, he responded: 'You can envision scenarios where they go either way. (more...)
Mark Carney to remain Bank of England governor until 2019
- November 04, 2016

Carney has been attacked by pro-Brexit politicians and press for warning before the referendum this year that leaving the European Union would be bad for the British economy. Andrew Tyrie, chairman of the Treasury Select Committee, said this much needed clarification was welcome, and the less uncertainty the better. "When he came in, he made it quite clear he didn't want to stay longer than five years". (more...)
Trudeau signs European Union free-trade deal
- November 04, 2016

The plane carrying Canadian Prime Minister Justin Trudeau to the signing ceremony in Brussels had to turn back to Ottawa after about 30 minutes Saturday because of a mechanical problem. EU Trade Commissioner Cecilia Malmstrom also said the deal with Canada had nothing to do with the EU's talks with Britain. But in the next few years, the deal must be confirmed by the EU's 28 countries and several other smaller regional governments like Wallonia. (more...)

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