Markets


Overbuying Stock under Radar: PNC Financial Services Group Inc (NYSE:PNC) Overbuying Stock under Radar: PNC Financial Services Group Inc (NYSE:PNC)
- November 28, 2016

Our vendor, Zacks Investment Research , hasn't provided us with the upcoming earnings report date. PNC Financial Services Group Inc (NYSE:PNC) shares were trading -0.27% below from the 52-week high mark of $111.44 and +45.84% above from the 52-week bottom of $76.21. (more...)
An Alzheimer's drug fails, but many others still in testing
- November 28, 2016

Eli Lilly said it will abandon attempts to get regulatory approval for the drug as a treatment for mild dementia. Analysts seemed unconvinced, however, that the late-phase trial, which treated more than 2,000 patients with a mild form of Alzheimer's disease, could have met its goal. (more...)
960 soldiers reported being sexually assaulted last year: Statscan 960 soldiers reported being sexually assaulted last year: Statscan
- November 28, 2016

Vance launched Operation Honor, a military program to address sexual offenses, in 2015 after an external investigation said the Canadian Armed Forces had an underlying sexualised culture hostile to women and gays. The Canadian survey showed female victims were far more likely to be sexually assaulted by someone in authority, with 49 percent of women assaulted in the last 12 months identifying a supervisor or someone in a higher rank as the perpetrator. (more...)
Tata Sons asks Nusli Wadia to withdraw legal notice Tata Sons asks Nusli Wadia to withdraw legal notice
- November 28, 2016

Tata Sons has also warned him from making any further statements about the group. Tata Sons has told Nusli Wadia that it can seek his removal from the boards of various group companies without providing any reason. Tata Sons, the holding company of the Dollars 103 billion salt-to-software group, is seeking to remove Wadia from boards of Tata Steel, Tata Chemicals and Tata Motors for allegedly galvanising independent directors against the Tatas and acting in concert with estranged chairman ... (more...)
Notice to Tata Steel AGM misconstrued: Tata Sons tells Wadia Notice to Tata Steel AGM misconstrued: Tata Sons tells Wadia
- November 28, 2016

Wadia, chairman of Bombay Dyeing and Britannia Industries, is the longest serving independent director on the board of Tata Steel. Tata Sons holds 26.51 per cent stake in Tata Motors. "It is denied that our Special Notice constitutes a personal vendetta against you or that it is vindictive action, as alleged or otherwise". Tata Sons, the holding company of the United States dollars 103 billion salt-to-software group, is seeking to remove Wadia from boards of Tata Steel, Tata Chemicals and ... (more...)
Eden Hazard claims Chelsea are in a three-way battle Eden Hazard claims Chelsea are in a three-way battle
- November 28, 2016

Saturday's clash between Chelsea and Manchester City could provide a better indication of the teams' respective levels. Chelsea have won seven straight league games since that defeat at the Emirates in September, and Hazard reckons last season's failure to qualify for Europe is helping. (more...)
Verstappen backs Hamilton's 'dirty tricks' in Abu Dhabi finale
- November 28, 2016

The 31-year-old lost his battle to retain the World Championship on Sunday despite winning the Abu Dhabi Grand Prix, as Rosberg finished behind him in second place, securing the title by just five points. "We have to remember the commitment of somebody like Nico, I don't know how the others do, it is 110 per cent and has nothing to do with the way we went about being a Formula 1 driver". (more...)
Hamilton hands over title as a victor Hamilton hands over title as a victor
- November 28, 2016

Red Bull's Max Verstappen finished fourth, another remarkable race for the Dutch teenager who spun at the start and fought back from last place. His 67-year-old father was one of the most flamboyant drivers of his generation. The British driver said: "I did nothing risky so I don't feel I did anything unfair". "It's insane. It was so intense the race so I think it's going to take some time to settle and come out because it was really intense out there and so tough", added the 31-year-old. (more...)
Local shops shine on Small Business Saturday Local shops shine on Small Business Saturday
- November 28, 2016

This year, Small Business Saturday kicked off its celebration of all things local with everything from live music on the sidewalk on the streets of Hyde Park to a DJ and aerial dancers in River North. "We'd surprise a lot of people with how much that we do have that's just one of a kind stuff", said Brown. The businesses like the relationships they build with their customers. (more...)
The pound is sliding ahead of the government's Autumn Statement
- November 28, 2016

The Office for Budget Responsibility (OBR) infuriated pro-Brexit Conservatives with its prediction that withdrawal would wipe 2.4% off growth over the next five years while adding nearly £60 billion to borrowing. The original forecast for 2019 and 2020 called for growth of 2.2% and 2.1% respectively. In an attempt to prepare Britain for leaving the EU, Hammond said the government planned to invest 1.0-1.2 per cent of GDP on economic infrastructure from 2020, up from 0.8 per cent now. (more...)
Johnson urges Pakistan and India to 'maintain positive dialogue' over Kashmir
- November 28, 2016

ISLAMABAD (AP) - Pakistan's air force chief on Thursday warned archrival India against escalating the dispute over Kashmir into full-scale war, urging New Delhi to exercise restraint. Armies of both sides have been engaged in cross border firing. The Pakistan Army said on Wednesday that seven persons, including three of its soldiers, were killed in an exchange of fire with Indian troops on the LoC. (more...)
Samsung Is Mulling A Split Into Two Companies
- November 28, 2016

Elliott, led by billionaire Paul Elliott Singer, has proposed that Samsung Electronics improve its corporate governance by adding three independent board members, list shares on a U.S. Samsung also r ecalled 2.8 million washing machines recently, and a political scandal led to the company's offices in Seoul being raided on two different occasions. (more...)
Republican states that expanded Medicaid want it kept Republican states that expanded Medicaid want it kept
- November 28, 2016

Q: Will my subsidy end next year if the new administration repeals or changes the health law? Nothing on health care is bound to change right away. "A lot of people are just a layoff away from needing Medicaid", she said. Talk that the Affordable Care Act would decimate small businesses ran rampant when the law was passed, but has it turned out to be true? They wanted more affordability, not an overhaul of the entire system. (more...)
Oil under pressure on growing doubts of production cut deal Oil under pressure on growing doubts of production cut deal
- November 28, 2016

But with OPEC having yet to agree among itself on an output deal, despite two previous rounds of technical meetings and several negotiations between individual ministers, Saudi Arabia said on Friday it would not be attending that meeting, eventually prompting the organization to cancel it entirely. (more...)
Most global stock markets lower ahead of OPEC meeting Most global stock markets lower ahead of OPEC meeting
- November 28, 2016

Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring US stocks and the dollar as traders reversed their "Trumpflation" trade as weak oil prices would reduce pressure on USA interest rates to rise. (more...)
Iraq will participate in OPEC oil-production cuts, al-Abadi says
- November 28, 2016

Iraq's acquiescence to a deal will be a major coup for the organisation, which is poised to hash out an agreement to a four or 4.5 per cent output cut for all of the consortium's members, except Libya and Nigeria. The accord - aimed at cutting output by 750,000 million mb/d to between 32.5 and 33 mb/d - is meant to be finalised on November 30 in Vienna. U.S. (more...)
Trade Body Says Boeing Was Offered Illegal Tax Breaks
- November 28, 2016

The subsidies involve financial incentives the planemaker will receive for the development of its new long-range 777X jet. A WTO panel ruled that Washington state's subsidy regime supporting production of Boeing's 777X were prohibited as they encouraged the use of domestic materials, fuelling unfair trade distortions. (more...)
Cuban Dissidents Cancel Weekly March Following Castro's Death
- November 28, 2016

After the death of the 90-year-old Fidel Castro on Friday, Mr Obama called him a "singular figure", while Mr Trump described him as a "brutal dictator". But once his campaign was under way he expressed greater skepticism, saying Mr Obama had obtained far too little in exchange for easing the U.S. embargo and adding, last month, that he would do "whatever you have to do to get a strong agreement" with Havana. (more...)
UK's big energy suppliers eye bankrupt provider's 160000 customers UK's big energy suppliers eye bankrupt provider's 160000 customers
- November 28, 2016

Speaking to Adrian Chiles, the Money Saving Expert explained that Ofgem would appoint a new supplier and that outstanding credit balances were protected. What if I am in debt with my supplier? Check how much credit you are in with your energy supplier. Ofgem says your debt won't be carried to your new supplier, but you may have to continue to pay this back to your old supplier. (more...)
Is it splitsville for Samsung Electronics?
- November 28, 2016

Samsung's top brass will go public tomorrow about ways to beef up shareholder value on the back of continued calls from activist investor Elliott Management's to break up the South Korean business. Splitting the company could also help appease shareholders who have struggled through 2016, unhappy at the multiple raids of Samsung's head office in Korea as part of an investigation into a political scandal and the disastrous Note 7 launch and subsequent recall. (more...)

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