Markets


HSBC profits fall by 86% in third quarter HSBC profits fall by 86% in third quarter
- November 07, 2016

Analysts had expected a profit of $2.45bn. Revenue was also down in the third quarter, at $9.5bn - a fall of $5.6bn compared with a year ago. But adjusted profit, which excluded one-off costs, rose 7 per cent to $5.6bn, higher than analysts had expected. (more...)
Ryanair profit rises 8%; another buyback initiated Ryanair profit rises 8%; another buyback initiated
- November 07, 2016

The €550m share-repurchase programme will be carried out in February 2017. But in the United Kingdom, it still plans to scale back growth this year due to weaker Sterling, expected slower GDP growth and market uncertainty. The airline expects full-year earnings of between 1.30 billion euro and 1.35 billion euro, down from the previous range of 1.38 billion euro to 1.43 billion euro. (more...)
Tribal chairman calls for rerouting pipeline
- November 07, 2016

Energy Transfer Partners, the Texas-based company behind the pipeline, plans to transport crude oil from North Dakota to IL, and it says the Dakota Access pipeline is a safe way to do so, according to The New York Times . "We live here with one of the most toxic lakes in the country, living as an example, we want to reach out to our brothers and sisters, to everyone and tell them please stop this pipeline", said Awhenjiosta Myers. (more...)
Clinton, Trump target swing states Clinton, Trump target swing states
- November 07, 2016

In his two campaigns, President Barack Obama easily carried MI twice, by 16 points in 2008 and almost 10 points in 2012. That, combined with news that Obamacare health insurance premiums are set to spike next year and the daily trickle of hacked emails from the personal account of Clinton campaign chairman John Podesta, have put the former secretary of state's White House bid on its heels at perhaps the worst possible time. (more...)
HSBC Says Profit up as Cost-Cutting Advances HSBC Says Profit up as Cost-Cutting Advances
- November 07, 2016

A United Kingdom regulator's altered treatment of HSBC's stake in China's Bank of Communications Co. cut the British bank's risk-weighted assets by $120.9 billion. Since Gulliver started restructuring the bank in 2011, he's slashed headcount by about 44,000 and pledged 25,000 cuts past year, exiting at least 80 businesses. (more...)
Commuters Urge Deal in Transit Strike's 3rd Day
- November 07, 2016

The strike has raised fears that it could hamper residents as they try to vote in the November 8 presidential election. In its statement Wednesday night, SEPTA asked the union to assure residents that, if necessary, they will suspend the strike on Election day if no agreement is reached. (more...)
New emails do not incriminate Clinton, FBI chief tells congress
- November 07, 2016

Clinton is banking on star power to lock in her narrow poll lead, hosting back-to-back weekend pop concerts with Beyonce and Katy Perry and booking a date with President Barack Obama. "You'd rather be in her shoes than Donald Trump's but it's not a terribly safe position", he added. Whether or not he is feeling the pressure as the campaign comes to the end, the billionaire populist's rhetoric remained triumphalist. (more...)
Michigan is the focus as presidential campaign enters final 48 hours Michigan is the focus as presidential campaign enters final 48 hours
- November 07, 2016

Bill and Chelsea Clinton and President Barack Obama and first lady Michelle Obama were to join. While Clinton is banking on star power to lock in her narrow poll lead, hosting weekend pop concerts with Beyonce and Katy Perry, Trump has embarked on a cross-country blitz through Iowa, Minnesota, Michigan, Pennsylvania, Virginia, Florida , North Carolina and New Hampshire. (more...)
Trump, Clinton's VP Express Concerns About AT&T-Time Warner Deal Trump, Clinton's VP Express Concerns About AT&T-Time Warner Deal
- November 07, 2016

Stocks in both companies fell after Wall Street and Washington both started waving yellow flags over the deal. City Holding Co. now owns 1,592 shares of the media conglomerate's stock worth $117,000 after buying an additional 36 shares during the last quarter. (more...)
Sen. Kelly Ayotte Wouldn't Want Daughter in Room With Trump, Bill Clinton Sen. Kelly Ayotte Wouldn't Want Daughter in Room With Trump, Bill Clinton
- November 07, 2016

Ayotte now says she'll write in Republican vice presidential nominee Mike Pence, the governor of in, instead of voting for Trump. Despite dropping her support for Trump, Ayotte in a recent radio interview agreed when the host said if Trump wins "he's going to need some people in the Senate who can actually make some of the changes he's talking about". (more...)
In campaign's final days, Clinton gets FBI reprieve _ again In campaign's final days, Clinton gets FBI reprieve _ again
- November 07, 2016

In response, Clinton's communications director Jennifer Palmieri said the campaign had been confident that the Federal Bureau of Investigation would reach this conclusion, adding, "we're glad that this matter is resolved". You can't review 650,000 new emails in eight days. With two days before Election Day, the Clinton campaign has deployed Obama to the key battleground states of Florida, North Carolina, Michigan, and OH, hoping his popularity will raise voter turnout. (more...)
Walkers blames Brexit for 10 per cent hike in price of crisps Walkers blames Brexit for 10 per cent hike in price of crisps
- November 07, 2016

A spokesman from Walkers, PepsiCo, said: "Whilst our potatoes are British, we import a number of different ingredients and materials to produce a finished packet of Walkers crisps such as seasonings, oil for frying and key raw materials used in our packaging film". (more...)
Colonial could reopen pipeline as early as Saturday after fatal explosion Colonial could reopen pipeline as early as Saturday after fatal explosion
- November 07, 2016

Those injured were being treated at the University of Alabama-Birmingham's hospital, while Shelby Baptist Medical Center reported they were treating six or seven people with "non-critical" injuries. "As we've seen over the past two months, this can be very impactful to us". In a news conference Tuesday, Colonial executive Gerald Beck said the crew was putting in a valve in order to finish repairs related to September's leak when the explosion occurred. (more...)
What's next: Federal Bureau of Investigation unlikely to conclude Clinton email review prior to election
- November 07, 2016

Trump has repeatedly expressed his admiration for Russian President Vladimir Putin, whose strongman tactics the US has disavowed. "The undecideds are fairly small in number and it's usually some aspect of the economy". "I am sure they will reach the same conclusion they did when they looked at my e-mails for the past year". The subliminal effect of a Clinton-Weiner connection falls into the category of worst-case scenarios, not least because it triggers memories that lead inevitably to her ... (more...)
Hayne red-faced in porn gaffe at school Hayne red-faced in porn gaffe at school
- November 07, 2016

Organisers of the event said the images, displayed to more than 200 students at the Queensland school, had not come from Hayne's device but another that was linked to the same network. Both Hayne and Savvides said that the incident had not happened before. Maybe that's why Jarryd Haynes was presenting his phone in desperation, as if to say: 'See, I'm not looking at porn!'. (more...)
EOG Resources Inc. (EOG) Given Average Rating of EOG Resources Inc. (EOG) Given Average Rating of "Hold" by Brokerages
- November 07, 2016

They now have a United States dollars 98 price target on the stock. The energy exploration company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.09. Share prices have been trading in a 52-week range of $57.15 to $98.32. Following the completion of the sale, the executive vice president now directly owns 62,050 shares in the company, valued at approximately $6,023,814. (more...)
Federal holds rates steady, sets stage for December hike Federal holds rates steady, sets stage for December hike
- November 07, 2016

After a two-day, much-watched meeting of the committee chaired by Fed Chief Janet Yellen , the Committee said in a statement that while inflation was expected to rise over the medium and the labor market strengthen further, the near-term risks to economic outlook appeared roughly balanced. (more...)
Voting, early or on Election Day, is a privilege
- November 07, 2016

Last week, Republicans lead over Democrats was only about 11,500, while that lead is now more than 71,000. Clinton and her vice presidential running mate, Sen. The huge growth among Hispanics is notable because they are the fastest growing ethnic group in the Florida electorate right now. Sometimes the geography of the early vote can tell you a lot, like in Virginia. (more...)
No quick ruling in poll-watchers case No quick ruling in poll-watchers case
- November 07, 2016

A federal judge in OH issued an injunction Friday against Trump's presidential campaign and a GOP operative concerning voter intimidation . "The Ohio Democratic Party, and untold numbers of Ohio voters, will suffer irreparable harm if the right to vote is imperiled by voter suppression and intimidation". (more...)
Review of new emails doesn't change conclusion on Clinton Review of new emails doesn't change conclusion on Clinton
- November 07, 2016

Comey sent the letter just two days before Election Day. The Justice Department accepted that recommendation. The FBI found the new emails as part of its separate investigation into a sexting incident by Anthony Weiner, the estranged husband of top Clinton aide Huma Abedin. (more...)

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