Markets


Home Depot reports better-than-expected sales in Q3 Home Depot reports better-than-expected sales in Q3
- November 15, 2016

Home Depot Inc makes up approx 1.41% of Eastern Bank's portfolio.Windward Capital Management Co Ca boosted its stake in HD in the latest quarter, The investment management firm added 1,442 additional shares and now holds a total of 5,127 shares of Home Depot Inc which is valued at $648,155. (more...)
European Union calls on Iran to help stop shelling in Syria European Union calls on Iran to help stop shelling in Syria
- November 15, 2016

Of course, Trump has repeatedly denounced the Joint Comprehensive Plan of Action (JCPOA) with Iran, vowing from time to time to either discard or renegotiate the nuclear deal. Disrupting the Iran deal could agitate Russian Federation, a country with which Trump has vowed to restore relations. The last option - despite Trump's past statements - is that he leaves the deal alone. (more...)
Gold hits 5-month low on strong dollar, Treasury yields
- November 15, 2016

The market pared losses as the greenback.DXY and yields came off their sharp highs. "People seem to have unwound their Trump-risk and are now talking more about "Trumpflation", said Jeffrey Halley, senior market analyst at OANDA. The market is also betting on the Federal Reserve raising interest rates more quickly. Higher US interest rates could lift the opportunity cost of holding non-interest-bearing gold , pressuring the price of bullion. (more...)
9-story New Zealand building in risk of collapse
- November 15, 2016

Kaikoura was completely cut off by massive landslips following the tremor, which struck just after midnight on Sunday, destroying homesteads and cutting road and rail links throughout the north-east of the South Island. Kaikoura Mayor Winston Gray also reassured tourists that it was also their mission to get them evacuated as quickly as possible. Workers began returning to office buildings in Wellington's business district, which was closed off on Monday while the city council assessed the ... (more...)
Reynolds American rejects BAT's $47 billion buyout offer Reynolds American rejects BAT's $47 billion buyout offer
- November 15, 2016

The stock touched its 52-Week High on Oct 21, 2016 and 52-Week Low on Oct 19, 2016. The stock was acquired at an average price of GBX 4,809 ($60.08) per share, for a total transaction of £173,124 ($216,296.85). It remains to be soon how much higher the offer price gets finally, and whether Reynolds American is happy with the new price. The median estimate represents a -2.95% decrease from the last price of 53.58. (more...)
One victim of Seattle shooting released from hospital
- November 15, 2016

On scene, the assistant police chief stated the victims are identified as four males and one female. According to police, the shooting stemmed from a personal argument. Police say that man was taken to the hospital with life-threatening injuries. Members of the police's gang unit and homicide unit were assisting in the investigation, according to Q13 Fox . (more...)
Black Friday 2016 sales, deals: Amazon offers discounts for two weeks
- November 15, 2016

This year, Amazon is also offering something it calls "Lightning Deals" - 'meaning you only have a small time window to bag the bargain. Black Friday 2016 falls on the 25 November, with Cyber Monday on 28 November 2016. Given the weight online retailer Amazon has in cultural stakes as well as its ridiculous market share of online sales, Prime Day's already taken on commercial holiday status. (more...)
Germany at heart of modest Q3 growth in the eurozone Germany at heart of modest Q3 growth in the eurozone
- November 15, 2016

However, a modest recovery in France after economic contraction in the second quarter, and 0.3% growth in Italy after stagnation in the previous quarter buoyed the overall eurozone tally. The European Commission last week raised its euro area growth forecast for 2016 to 1.7% from 1.6%. "This is probably the best description of the German economic performance during the third quarter", ING Bank economist Carsten Brzeski said. (more...)
Coldplay to perform in Singapore April 1 Coldplay to perform in Singapore April 1
- November 15, 2016

The band will be performing at the MOA Concert grounds on April 4, 2017 and fans just couldn't wait. "Ba-bye", he said. The only question now is: When is the band coming to Manila? The concerts will be held in Singapore, Manila, Taipei, Seoul and Tokyo in April. (more...)
Two more die as demonetisation turns tragic, chaos at banks Two more die as demonetisation turns tragic, chaos at banks
- November 15, 2016

Presently, banks have been refilling ATMs with Rs 100 notes. To augment cash supplies, newly printed hard-to-fake Rs 500 notes were also released in market. It has been reported that certain business houses viz. Hospitals, Caterers, Tent houses etc. are not accepting Cheques/Demand Drafts and online payment transfer from customers. (more...)
Delhiites face harrowing time to exchange high-value notes
- November 15, 2016

Since morning till in the evening long queues were witnessed at nearly every bank branch as panic-stricken citizens went to banks on the second day of their reopening after the Prime Minister Narendra Modi announced to demonetise Rs 1,000 and Rs 500 notes to fight menace of black money, corruption and fake currency. (more...)
Microsemi Corporation (NASDAQ:MSCC) Analytical Analysis Microsemi Corporation (NASDAQ:MSCC) Analytical Analysis
- November 15, 2016

Stephens set a $36.00 target price on Microsemi Corp. For the next year first quarter, analysts predicted EPS estimates trend of $0.85 which would leave an impact on the stock performance in coming months. During the same period previous year, the company earned $0.73 earnings per share. Finally, BB&T Securities LLC bought a new position in Microsemi Corp. (more...)
Iranian Ayatollah To Trump: We Will 'Resist Until Our Last Breath'
- November 15, 2016

Trump has said during his campaign ... that Belgium is a little village in Europe. Anthony James Hall, a lecturer at University of Lethbridge, believes Donald Trump's decision on Iran's nuclear deal will determine whether he is going to represent the Americans' interests or he is going to act as a puppet for Israel. (more...)
Samsung's $8 Billion Acquisition Of Harman Represents Huge Shift To Connected Cars
- November 15, 2016

Shares of Harman International Industries rose 25% to $109.76, while the S&P 500 finished little changed. Much of that has been done on the shoulders of major acquisitions, such as a $780 million deal past year for Mountain View, Calif. This compelling all-cash transaction will deliver significant and immediate value to our shareholders and provide new opportunities for our employees as part of a larger, more diversified company. (more...)
Samsung Electronics buys auto-systems maker Harman for $8B
- November 15, 2016

Samsung lags Google and Apple on in-car entertainment and software systems (Android Auto and Apple CarPlay, respectively) so this deal will give it the kind of reach that could allow it to compete more evenly with its rivals in the vehicle. (more...)
Tata Motors, Tata Steel focus of Cyrus Mistry-Ratan Tata battle
- November 15, 2016

Shriram Subramanian, managing director at InGovern Research, a proxy advisory firm, expects most of the independent directors on the board of companies for which Tata Sons moves a resolution seeking Mistry's removal, to resign if Mistry is voted out. (more...)
EasyJet profit slides after Brexit, terror attacks take a toll EasyJet profit slides after Brexit, terror attacks take a toll
- November 15, 2016

It said more details would be given over the year ahead. The airline said that while its cost per seat excluding fuel was expected to rise 1% this year, it was sticking to a target of keeping costs in 2019 flat when compared with 2015. The airline reduced its dividend to 53.8 pence a share from 55.2 pence a share in line with its policy of paying out half of after-tax profit. It added that currency fluctuations would cost it around £90 million during its current financial year. (more...)
Cash crunch: No respite from long queues at banks, ATMs
- November 15, 2016

State Cooperative Minister A C Moitheen said the Union Government stand would spell a major crisis in the cooperative sector. The task force will work closely with banks and agencies involved in the disbursement of cash and recalibration of ATM hardware and software, he said. (more...)
Beijing threatens retaliation against USA companies if Trump starts trade war
- November 15, 2016

So if we do happen to raise the taxes on imported goods from China to 45% then only time will tell how China will respond to the change. The article threatened a "tit-for-tat" response, saying that sales of American cars, airplanes, iPhones and soybeans would suffer and that China could limit the number of students who go to the United States to study. (more...)
Meet Las Vegas' First Taco Bell Cantina Meet Las Vegas' First Taco Bell Cantina
- November 15, 2016

The first two cantina restaurants debuted in San Francisco and Chicago and 2015. It also has 16 screens to display entertainment shows, live-stream video, sports and social media conversations. The previous logo, which used four colors, was released in 1995. You might say the new emblem seems a less fun, less colorful version of its former one, but as reported in Ad Age, it's meant to allow "for more customization with color, patterns and textures ..." Taco Bell is a subsidiary of Yum ... (more...)

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